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Business EconomyPosted at: Oct 28 2020 8:58PM


Punjab National Bank launches TMSAC portal and 2020 Vigilance Manual

Kolkata, Oct 28 (UNI) As a part of the Vigilance Awareness Week (VAW), the nation’s
leading public sector bank, Punjab National Bank (PNB), today launched the PNB
Tracking & Monitoring Staff Accountability Cases (TMSAC) portal and PNB’s 2020
Vigilance Manual.
The ceremony was graced by the presence of Suresh N Patel-Vigilance Commissioner,
Central Vigilance Commission and P. Daniel -Secretary-in-charge of Central Vigilance
Commission along with CH S.S. Malikarjuna Rao - Managing Director and Chief Executive
Officer of PNB.
Addressing the occasion, Suresh N Patel, Vigilance Commissioner, said, “We must
remember that newcomers learn from the existing ecosystem, and if we have good practices
across the organization, they learn quickly and imbibe them for life. Thus, organizations must
ensure an atmosphere of learning. While there should be fairness and transparency in the
workplace, we must also seek severe penalty for those who lack integrity.”
“Being an ex-banker, I clearly understand the importance of honesty and integrity in a bank.
I really appreciate PNB’s initiatives of setting up a robust portal and an efficient manual to
stay updated and create awareness regarding preventive vigilance. It will not only help the
existing employees but also benefit the new joinees to understand
the bank’s policies. Such initiatives bring fairness and transparency in the organization and
help solving issues at a lightning speed,” he added.
Mr Patel said being the second largest public sector bank, PNB had a great responsibility
towards the society, the nation and customers at large hence it was imperative to have the
best practices and create an employee friendly environment.
Commenting on the occasion, CH SS Malikarjuna Rao, Managing Director, and Chief
Executive Officer of PNB said, “Celebrating the Vigilance Awareness Week raises the
importance of risks in our working as well as personal life and ensures that the threat
perception is properly assessed and dealt with. In the case of an organization, what we
need are processes and guidelines that can be disseminated to the entire organization
to assess risks. Through the Vigilance Awareness Week, we are reiterating our
commitment to preventive vigilance and to thwart the impact on the organization with
better experience and understanding.”
Vijay Kumar Tyagi, Chief Vigilance Officer, PNB concluded the ceremony with the
Vote of Thanks “PNB is observing a VAW between October 27 to November 2. The
celebration of Vigilance Awareness Week was started way back in 1999 by the CVC.
CVC's fundamental strategy is to observe VAW every year to encourage all stakeholders
to prevent corruption in public life collectively. The theme for this year is "सतर्क भारत,
समृद्ध भारत – Satark Bharat, Samriddh Bharat" creating vigilant and prosperous India.”
He added that thanks to the efforts of institutions like CVC, today, we have better
frameworks and guidelines that seek organizations to refocus and reinforce the
onboarding process of Management Trainees and Probationary Officers so that they
understand the threats and risk perceptions before they take up bigger responsibilities.
“The entire ecosystem is contributing to harmonizing the guidelines further so that the
threat to the operational framework is eliminated,” he said.
The user-friendly TMSAC portal tracks and monitor the complaints/NPA reference at
various stages on a real-time basis. The portal will help the Bank identify the internal
fraud in advance, take instant action, and improve the internal processes.
It will create a bridge between the concerned officers and divisions for sharing of
information and will also track relevant information onward submission through DFS
and RBI. This will inculcate a sense of honesty and integrity among the employees and
control the internal systems making it more transparent.
The Vigilance Manual helps to have a better understanding of the vigilance functions
and the guidelines. The new initiatives like Preventive Vigilance Monitoring Portal,
training sessions to promote vigilance awareness, do’s and don’ts and the recent policy
changes have also been covered under the new manual.
UNI BM SJC
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