Appointment to the Posts of Chief Vigilance Officers (CVOs) in Public Sector Banks and Insurance Companies

Appointment to the Posts of Chief Vigilance Officers (CVOs) in Public Sector Banks and Public Sector Insurance Companies

No. 15/1/202s-Vig. Government of India Ministry of Finance (Department of Financial Services) Vigilance Section 3.a Flood, Jeevan Deep Building Sansad Marg, New Delhi 110001 Dated: June 22, 2026

To: Chairman, SBI, Mumbai CEO & MD, LIC, Mumbai MD & CEOs of the Nationalized Banks (PSBs) ED, (Deptt of Administration & Personnel Management), RBI, Mumbai NHB/IIFCL/IFCI Ltd. / SIDBI/EXIM Bank/NABARD

Subject: Appointment to the posts of Chief Vigilance Officers (CVOs) in the Public Sector Banks, Public Sector Insurance Companies - reg.

Madam / Sir,

1. Invitation for Applications Applications are invited for filling up the posts of Chief Vigilance Officers (CVOs) in various Public Sector Banks (PSBs) and IDBI Bank Ltd., Public Sector Insurance Companies (PSICs) under the Department of Financial Services. Details are given in the following paragraphs.

2. Details of Tentative Posts Details of the tentative posts of CVOs that are likely to fall vacant in the near future are tabulated as under:

Category of Organisations	S. No.	Name of Organisation	Location of CVO
Public Sector Banks (PSBs)	1	Union Bank of India	Mumbai
	2	Bank of Maharashtra	Pune
	3	IDBI Bank Ltd.	Mumbai
Public Sector Insurance Companies (PSICs)	4	Oriental Insurance Company Ltd. (OICL)	New Delhi

However, vacancy position is tentative and could be amended/added subsequently.

3. Pay Scale / Perquisites admissible to CVOs The CVOs posted in PSBs/PSICs/FIs shall draw their existing pay of their parent organisation plus deputation allowance thereon equal to 10% of their basic pay. They will be entitled to perquisites admissible to the next higher position in the borrowing organisation. However, CVO may choose to continue availing entitled perquisites admissible to them in the post held in parent organization, immediately before joining as CVO.

4. Eligibility

(i) Eligibility criteria for appointment of CVO in PSBs: (a) Chief General Managers/General Managers of Public Sector Banks (including SBI); (b) Chief General Managers of RBI/ NABARD/ SIDBI/ EXIM Bank/ IIFCL; (c) Executive Directors in PSFIs; having minimum 3 years of residual service, are eligible to apply for the post of CVOs in PSBs.

(ii) Eligibility criteria for appointment of CVO in PSICs: (a) Chief General Managers/General Managers of Public Sector Banks (including SBI); (b) Deputy General Managers, with three years' service as DGM, of Public Sector Banks (including SBI); (c) Chief General Managers of RBI/ NABARD/ SIDBI/ EXIM Bank/ IIFCL; (d) Executive Directors in PSFIs; (e) Executive Director/Zonal Manager in LIC; having minimum 3 years of residual service, are eligible to apply for the post of CVOs in PSICs.

(iii) The officers are not eligible to apply for the post of CVO in their parent organisation.

5. Selection Process Selection of the candidates for appointment to the post of CVO shall be made by the Government in consultation with CVC, on the basis of their record of service and interaction with the Selection Committee, for an initial period of three (03) years or till the age of superannuation or till further orders, whichever is earlier.

6. Exercise of Choice The candidates should specify the locations that they are applying for out of those listed at para 2 above and indicate an order of preference among the locations opted for. Candidate will be placed, to the extent possible, on the basis of merit and preference of the candidate. However, Government reserves the right to the final decision in the matter.

7. Forwarding of Applications Respective organisations are requested to forward the applications of the willing officers along with their complete bio-data in the format enclosed, and attested copies of their Annual Performance Assessment Reports (APARs) for the last five years (complete in all respects) i.e. from 2020-21 to 2024-25, to this Department on or before 20.07.2026. Moreover, while forwarding the names of the willing officers, it may be ensured that:

a) The services of the willing candidates can be spared for at least 03 years for taking up this assignment; b) The applicant must have a minimum of 03 years of service remaining as on the last date of submission of applications i.e. 20.07.2026. c) The officer should not have any vigilance cases pending against them; d) The application of the officer who is under the period of debarment may not be forwarded to this Department; e) Officers, against whom any major or minor penalty has been imposed in their career as a result of disciplinary proceedings, are not eligible to apply for the post of CVOs and thus, their applications may not be forwarded.

8. Withdrawal of Applications The applications of the candidates once forwarded for these posts will not be permitted to be withdrawn under any circumstances. Therefore, while forwarding the applications for consideration, an undertaking may be obtained from the applicants to the effect that under no circumstances, they would withdraw their candidature once a decision is taken to nominate them for the Post of CVO. While forwarding the application for these posts, a copy of this undertaking should be enclosed along with other requisite documents.

9. Joining New Post In the event of selection of the officer for one of these posts, the concerned officer shall be given 15 days' time to join new post/assignment of CVO, from the date of receipt of the order. If no response is received after 15 days, or if the officer fails to report for the assignment at designated place by given date, the process of his/her debarment for deputation in any organisation for a period of 05 years shall be initiated by his/her parent organisation after issuing a notice to that effect to the officer concerned. The formats for application have been prescribed in Annexure [Form 1,2,3].

10. Advance Copy of Application The willing officers may send advance copy of their application in this regard to DFS for information by email at vigilance-dfs@nic.in. However, candidature shall be considered only after receipt of the hard copies of the application through their official channel.

11. Hindi Version Hindi version will follow.

Enclosures: Prescribed Forms (03 Nos.)

Yours sincerely, (Sanjay Kumar Jha) Under Secretary to the Government of India Email: sanjay.jha@nic.in Tel: 011-23748709

Copy to Director/NIC, with request to upload a copy of this circular on DFS website.