THE HON’BLE SRI JUSTICE NAGESH BHEEMAPAKA WRIT PETITIONNo.33546of 2021

ORDER

The petitioner joined the respondent-Punjab National Bank in clerical cadre in the year 2014, and thereafter obtained promotion as officer in 2016. While he was serving at Gulbarga Branch as a Manager, a charge sheet was issued to him on 01.10.2020 alleging that,during the period 21.09.2016 to 13.08.2018 when he was posted as Officer in- charge of Branch Office, Toopran, he sanctioned loans without conducting due diligence and obtaining confirmation of action as per the Bank’s guidelines, and also exceeded his powers to sanction certain loans. It is alleged that loans to the tune of Rs.615.75 lakhs were sanctioned, risking the money of the Bank, out of which Rs.224.19 lakhs are proving difficult to recover. Petitioner submitted explanation to the charges on 04.12.2020. Pursuant thereto, an inquiry was conducted by appointing one Mr. Subash Chandra Singh, Chief Manager, as Inquiry Officer, and one Smt.Y.Sumathi as Presenting Officer. Based on the inquiry report, petitioner was held guilty of the charges and a major punishment of Compulsory Retirement was imposed by Order dated 01.11.2021 under PNB Officer Em