Finance Ministry puts on hold examination for clerical cadre in PSU banks, BFSI News, ET BFSI

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The Finance Ministry on Tuesday directed the Institute of Banking Personnel Selection (IBPS) to put on hold examinations for clerical cadres in public sector banks (PSBs) till a final view is taken on conducting tests in regional languages. In order to look into the demand for holding examinations for clerical cadres in PSBs in local/regional languages, a Committee has been constituted to look into the matter in its entirety, the Finance Ministry said in a statement.

“The Committee will give its recommendations within 15 days. The ongoing process of holding the examination initiated by IBPS will be kept on hold until the recommendations of the Committee are made available,” it said. Recently, IBPS issued an advertisement for holding an examination for recruitment in the clerical cadre of PSBs only in two languages–English and Hindi.

There has been demand particularly from Southern states to include other recognised regional languages for conducting bank clerical cadre. There are 22 languages recognized by the Constitution of India.

The Finance Minister in July 2019 had assured Parliament that the recruitment examination for employment in the Regional rural banks (RRBs) would be conducted in regional languages apart from English and Hindi.

With a view to providing a level-playing field to the local youths for availing employment opportunities, the government in 2019 decided that for recruitment of Office Assistant and Officer Scale I in RRBs, examination will be held in 13 regional languages including Konakani and Kannada, besides Hindi and English.

Since then, examinations for these recruitments are being conducted in regional languages also, it said.



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RBI to set up expert committee on urban co-op banks

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The Reserve Bank of India (RBI) has decided to set up an expert committee on Urban Co-operative Banks (UCBs) involving all stakeholders in order to provide a medium-term road map to strengthen the sector, enable faster rehabilitation/resolution of UCBs, as well as examine other critical aspects relating to these entities.

This follows the provisions of the Banking Regulation (Amendment) Act, 2020 becoming applicable to Primary (Urban) Co-operative Banks (UCBs) with effect from June 26, 2020.

“The amendments have brought near parity in regulatory and supervisory powers between UCBs and commercial banks in respect of regulatory powers, including those related to governance, audit and resolution.

“Consequently, a comprehensive review of regulatory/supervisory approach towards the sector is required in the light of these amendments,” Governor Shaktikanta Das said.

The constitution of the committee as well as the terms of reference will be notified separately by the RBI.

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