The Jammu
and Kashmir Bank is now under the purview of Right to Information Act and Central
Vigilance Commission (CVC) guidelines. The decision was taken
by the Board of
Directors of the Jammu and Kashmir Bank. The move will
ensure greater transparency and accountability. The decision is after the
removal of Parvez Ahmed as the Chairman of the J&K Bank. He was accused of
alleged corruption, nepotism and favouritism.
Being a government-owned bank, the bank without
any choice is to be under RTI. It has been registered under the companies act
as a government company. The bank is expected to be brought under the RTI and CVC guidelines by
the end of June.
J&K
Bank:
Founded
on: 1 October 1938
Headquarters: Srinagar, Jammu and Kashmir
Interim
Chairman: RK Chibber
J&K Bank was the first bank in the country
to emerge as a state–owned bank.
CVC: Central Vigilance Commission (CVC) is an apex
Indian governmental body created in 1964 to address governmental
corruption.
RTI: Right to Information Act provides for setting
out the practical regime of the right to information for citizens and replaces
the erstwhile Freedom of information Act, 2002. A citizen of India can go for
filing an RTI at any point in time whenever he wants to seek any information
regarding any government organization, or its any ongoing program, any public
authority, etc.
