Policies of Sbi

8/11/2019 Policies of Sbi

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POLICIESOFSTATE BANK OF INDIA

K.Priya Singh

Roll No-15Evening MBA programme

Fifth SemesterM.S.University


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TRANSFER POLICY JOININGLEAVE

An officer shouldnormally avail himself of

joining time immediatelyon relief from hisprevious station. If forsome time for compellingreasons it is not possibleto do so, he should be

permitted to avail of thesame shortly thereafter,say within a maximumperiod of 3 months.

July-2013:-

The competentauthority to waive the

time limit of 3 monthsfor availing joiningtime. However, the

joining time is to beavailed any time beforethe next transfer andcannot be carriedforward.


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TRANSFER POLICY -INTERCIRCLE TRANSFER

Inter circle transfersunder the 15-in-a-yearpolicy.

The officers concernedhave put in atleast threeyears of confirmedservice in the Circle.

Serially in the

chronological order ofthe receipt of suchrequests providedOn the basis of first -

come-first served

June-2013:-It has nowbeen decided to reducethe criteria of servicefor applying for inter-circle transfer to 3years of total serviceincluding probationperiod, from the

existing norm of 3years confirmedservice.

it


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WHISTLE BLOWER POLICY

On the basis of guidelines ofCentral Vigilance Commission(CVC),for acceptance ofcomplaints by Whistleblowersunder the Public InterestDisclosure & Protection of Informer(PIDPI) resolution and keeping theidentity of the complainant secret.

A proactive measure to mitigateoperational, legal and reputationalrisk of the Bank

The policy is an internalmechanism for its staff members,for reporting any unethical practiceor behaviour or violation of servicerules in the Bank.

There are provisions to protectthe interest of Whistle Blowerkeeping the informants identityclosely guarded and pursue theinformation provided by the

informer to its logical end. All employees of the Bank arecovered under this policy. ThePolicy covers malpractices andevents which have taken place/

suspected to have taken placein the Bank involving:


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WHISTLE BLOWER POLICY

corruption,Fraud

misuse/ abuse of official position,

manipulation of data / documents,

Any other act of an employee which affects the interest ofthe Bank adversely and has the potential to cause financial orreputational loss to the Bank.

PROTECTION TO WHISTLE BLOWER

The Bank will protect the confidentiality of the complainants andtheir names / identity will not be disclosed except as statutorilyrequired under law.


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PROMOTION POLICYPromotion policy has the followingobjectives :

i) Serves well the interest of the Bank,

ii) The officers of right quality arepromoted, and

iii) Removes the frustration that hascrept into the mindset of our officers.

Promotion year

Vacancies

Date of effect of Promotions.

Number of Chances, MandatoryAssignments,

Option to opt out

Process of Selection :

Aug-2013:-

For JMGS-I TO MMGS-II& MMGS-II TO MMGS-III,recently the written test& interview has beenwaived .

Also for MMGS-III TOSMGS-IV ,100% resultsdeclared.

Reasons-

No of vacancies aremore than no of eligiblecandidates.

Huge Number ofemployees retiring


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LOAN POLICY- DELEGATION OF FINANCIALPOWERS

The two significant principles around which the schemeof delegation of powers revolve are:

Powers are exercisable only in relation to the duties &responsibilities specially entrusted to a functionary.

All sanctions are subject to report to next higherauthority.

The scheme of delegation of financial powers foradvances & allied matters in the bank has a graded

authority structure.The sanctioning powers have been delegated down theline to committee of officials at various administrattiveoffices and to individual line functionaries.


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BANK'S IT POLICY & IS SECURITYPOLICY

Aimed at enhancement of its ability to transmit, collect,store and process information electronically and to assurethe confidentiality, integrity and availability of the banks information systems at all times.

OBJECTIVES-

To ensure information and information systems are available toauthorized users as per the business needs.

To ensure that all of the banks information assets including data,intellectual property, computer systems, and IT equipment areadequately and consistently protected from damage, inappropriatealteration, loss, and unauthorized use or access.

To create within the bank a level of awareness on information securityas part of the day to day operations of the bank and to ensure that allemployees understand their responsibilities for maintaining informationsecurity.


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BANK'S IT POLICY & IS SECURITYPOLICY

To establish detailed information security standards and procedures basedon this policy and ensure compliance against such standards andprocedures.

Gained Importance after banking sector has progressively becoming moredependent upon its information systems for both its normal day-to-daybusiness activities as also the development and delivery of new products andservices.

The need for such protection arises because information systems arepotentially vulnerable to two main categories of unwanted events, or threats.

These are accidental threats (human error/equipment failure/ naturalhazards) and deliberate or malicious threats(fraud/sabotage/vandalism/theft).

There is also the threat of legal action if information systems are misused,which the bank and its employees should be aware of.


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Policies of Sbi