In exercise of the powers conferred by Section 30 read with sub section 1 of Section 17 of the Regional Rural Banks Act

REGD. No. D. L.-33004/99 The Gazette of India CG-KA-E-17102024-257974 EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY No. 781] NEW DELHI, TUESDAY, OCTOBER 8, 2024/ASVINA 16, 1946 6491 GI/2024 KARNATAKA VIKAS GRAMEENA BANK NOTIFICATION Dharwad, the 15th July, 2024 F. No. NB.HO.IDD.Policy/182/316(Service Regulation)/2024-25.—In exercise of the powers conferred by Section 30 read with sub-section (1) of Section 17 of the Regional Rural Banks Act, 1976 (21 of 1976), the Board of Directors of Karnataka Vikas Grameena Bank after consultation with Canara Bank, being the Sponsor Bank and the National Bank for Agriculture and Rural Development and with the previous sanction of the Central Government, hereby makes the following regulations to further amend the Karnataka Vikas Grameena Bank (Officers & Employees) Service Regulations, 2010, namely:- 1. (1) These Regulations may be called Karnataka Vikas Grameena Bank (Officers & Employees) Service (Amendment) Regulations, 2024. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Karnataka Vikas Grameena Bank (Officers and Employees) Service Regulations, 2010 (hereinafter referred to as said regulations), in the regulations 61 for sub-regulation (4), the following sub-regulation shall be substituted, namely:- "(4) Privilege Leave may be accumulated up to not more than 270 days, except where leave has been applied for and it has been refused: Provided that encashment of Privilege Leave shall be restricted up to a maximum of 240 days." 3. In the said regulations, in regulation 67,- (a) In second proviso, after the words "retires from the service of the Bank”, the words "under the provisions of regulation 11" shall be inserted; (b) For third Proviso, the following proviso shall be substituted, namely:- "Provided also that in respect of the employee where his services are terminated owing to retrenchment, he shall be eligible to be paid a sum equivalent to the emoluments for the period of privilege leave he had accumulated subject to sub-regulation (4) of regulation 61." (c) After third proviso, the following provisos shall be inserted, namely,- "Provided also that where an officer or employee voluntarily retires from service on or after the 1st of April 2018, after giving due notice under sub-regulations (1) and (2) of regulation 27 of the Karnataka Vikas Grameena Bank (Employees') Pension Regulations, 2018, he shall be eligible to be paid a sum equivalent to the emoluments for the period of privilege leave he had accumulated, subject to sub-regulation (4) of regulation 61. Provided also that where an officer or employee has been compulsorily retired including as a measure of punishment, he shall be eligible to be paid a sum equivalent to the emoluments of any period, subject to sub-regulation (4) of regulation 61. Provided also that where an officer or employee leaves or discontinues from service or resigns under the provisions of sub-regulation (1) of regulation 10, he shall be eligible to be paid a sum equivalent to the emoluments in respect of privilege leave to the extent of half of such leave to his credit on the date of cessation of service, subject to a maximum of 120 days." SHREEKANT M. BHANDIWAD, Chairman [ADVT.-III/4/Exty./554/2024-25] Note: The Karnataka Vikas Grameena Bank (Officers and Employees) Service Regulations, 2010 were published in the Gazette of India, Part III, Section 4, dated the 30.08.2010, vide notification number 218 dated the 30.08.2010 and subsequently amended vide notification number 1 dated the 01.01.2015 Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.