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Right To Information Act (Act No.22/2005)

 

ABOUT US

4.b.vii The particulars of any arrangement that exists for consultation with, or representation by, the members of the public in relation to the formulation of its policy or implementation thereof.

Shareholders can raise issues concerning the policies of the Bank in the Annual General Meetings of the Bank. Bank also publishes its quarterly and annual results/reports in the Bank's website and in the news papers at the relevant period which would give a general idea about the Bank.

4.b.viii A statement of the boards, councils, committees and other bodies consisting of two or more persons constituted as its part or for the purpose of its advice, and as to whether meetings of those boards, councils, committees and other bodies are open to the public, or the minutes of such meetings are accessible for public The Bank has following Sub Committees of the Board

Bank also functions through various committees and such committees advise Bank on the various issues. Bank has the following mainly among other committees :

  • Management Committee of the Board,
  • Audit Committee of the Board,
  • Risk Management Committee,
  • Share Holders'/Investor's Grievances Committee,
  • Committee for Customer Service.

The Public cannot participate in these Committees and the Minutes of the meetings are not accessible to Public since these are confidential in nature.

4.b.ix A directory of its officers and employees.
The list of Branches and officers posted therein are available with the respective Zones and the Central Public Information Officer of each Zone has the details of employees of the Zone and Branches under it. The names and addresses of the Central Public Information Officers are already published on the Bank's website also.

4.b.x The monthly remuneration received by each of its officers and employees, including the system of compensation as provided in its regulations The pay scales of employees of the Bank are fixed by IBA in consultation with Government of India, Ministry of Finance, New Delhi. The scale of pay of its employees as of now is given below :

Scales of Pay of Officers :

Scale I - 23700 980 30560 1145 32850 1310 42020
    7   2   7  
Scale II - 31705 1145 32850 1310 45950    
    1   10      
Scale III - 42020 1310 48570 1460 51490    
    5   2      
Scale IV - 50030 1460 55870 1650 59170    
    4   2      
Scale V - 59170 1650 62470 1800 66070    
    2   2      
Scale VI - 68680 1960 76520        
    4          
Scale VII - 76520 2120 85000        
    4          

Scales of Pay of Clerical Staff :
 

11765 655/3 13730 815/3 16175 980/4 20095 1145/7 28110  2120/1 30230 1310/1 31540 (20 years)

Scales of Pay for Subordinate Staff :
 

9560 325/4 10860 410/5  12910 490/4  14870 570/3 16580  655/3 18545 (20 years)



4.b.xi The budget allocated to each of its agency, indicating the particulars of all plans, proposed expenditures and reports on disbursements made.
There are no plans and budgets for expenditure of public money disbursements and the provision is not applicable to that extent to Bank.

4.b.xii The manner of execution of subsidy programmes including the amounts allocated and the details of beneficiaries of such programmes.

There are no subsidy programmes for lending activities as a whole, except for targets for priority sector lending on merits of each case. There are schemes for advances of the Bank and the terms and conditions are available in the Bank's website.

4.b.xiii Particulars of recipients of concession, permits or authorizations granted by it.
There is no system in the Bank for grant of concessions, authorization etc. And the provision is not applicable to Bank. So there is no material in the Bank relevant to this provision.

4.b.xiv Details in respect of the information available to or held by it, reduced in an electronic form.

As has been stated earlier, Bank's website gives a general information on deposits, advances and other services rendered by the Bank.

"Bank’s website under its separate icons ‘Customer Care’, ‘Investor Care’ etc. has elaborately given its various policies, services, and procedure to redress the grievances of the Public for the information of the Public. The address of branches, the particulars of ATMs and the care required to be taken generally from being defrauded while transacting electronically are also given in the website. Besides the website also provides information on various loans and deposit schemes of the Bank, interest rate, service charge/ fee relating to various facilities offered by the Bank, Information on Tenders and other services like Mobile banking, Internet Banking, Star-e-Remit etc., and various facilities offered to NRIs and also about the information of it’s debit card and credit card”.

 

4.b.xv The particulars of facilities available to citizens for obtaining information including the working hours of a library or reading room, if maintained for public use.

The Public can approach the Central Public Information Officers of the Bank whose names and addresses are given on Bank's website for information permitted by Law on Bank's products, services and other particulars.

In the Bank’s website the citizens can find the location of its various branches, zonal offices, foreign branches and ATM centers. The addresses of the various offices of the Bank along with phone numbers and e-mail ids etc. are provided under the icon of “Bank’s Network

 

4.b.xvi The names, designations and other particulars of the public Information officers
The names and addresses of the Central Public Information Officers and the Appellate Authority designated by the Bank in terms of the Right to Information Act, 2005 is already published on Bank's website www.bankofindia.com

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