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Home India Punjab National Bank Gazette In exercise of the powers conferred...
BANKING & NBFCS EXTRA ORDINARY

In exercise of the powers conferred by section 19, read with sub section 2 of section 12 of the Banking Companies

Date: 30th November 2024
Category: Extra Ordinary
New Delhi

Read or download the official PDF of this gazette notification issued by the Punjab National Bank on 30th November 2024. Classified under Extra Ordinary.

Official Gazette Notification Text

Official Transcript

रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-30112024-259052 xxxGIDHxxx CG-DL-E-30112024-259052 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 956] नई दिल्ली, िुक्रवार, नवम्ब र 29, 2024/अग्रहायण 8, 1946 No. 956] NEW DELHI, FRIDAY, NOVEMBER 29, 2024/AGRAHAYANA 8, 1946 पिं ाब निै नल बकैं अजधसचू ना नई...

PolicyIndex Takeaway
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  • This gazette notification details amendments to the Punjab National Bank (Officers’) Service Regulations, 1979. These amendments cover various aspects of officer compensation, benefits, and service conditions.
  • The changes are primarily effective from November 1, 2017, with some changes effective from later dates like March 31, 2020, November 1, 2020 and Financial Year 2020-21. These changes are a result of agreements between the Indian Banks’ Association and the apex level officers’ associations of the Banks.
  • Definition of 'Family' expanded for medical and leave fare benefits to include dependent parents, parents-in-law, siblings with disabilities, widowed/divorced daughters, and unmarried/divorced/separated/widowed sisters, subject to income criteria of ₹12,000 per month.
  • The definition of Managing Director is updated to include the Chief Executive Officer of the Bank.
  • Revised pay scales effective from November 1, 2017, for various officer grades (Junior, Middle, Senior, and Top Executive). A new pay scale for Top Executive Grade Scale-VIII is effective from March 31, 2020.

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