Instances
have come to the notice of State Bank, where Banks / NBFIs
have appointed persons despite their involvement in fraud
and forgery cases with their previous employers. This appears
to be due to the non-availability of standard procedure amongst
financial institutions for ascertaining the antecedents of
persons seeking entry in bank / NBFI service.
2.
In order to discourage the entry of such persons in
the banking industry in future, all banks / NBFIs are hereby
advised to develop a standard procedure within a period of
30 days which should, interalia include obtaining of satisfactory
confidential reports in writing on the integrity, suitability
etc. of the applicant, from the former employer(s).
Please
acknowledge receipt.
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