(1)
(2)
(3) These regulations shall apply to all officers of the Bank and to such other employees of the Bank to whom they may be made applicable by the Competent Authority to the extent and subject to such conditions as such Authority may decide.
They shall also apply to officer transferred/posted/deputed outside India except to such extent as may be specifically or generally prescribed by the Competent Authority.
They shall, however, not apply to employees appointed/ engaged in any country outside India and permanently serving there.
Definitions 3.
(a)
(b)
(c)
(d) In these regulations, unless there is anything repugnant to the subject or context:
"appointed date" means the 1st day of January 1983;
"Bank" means Corporation Bank;
"Board" means the Board of Directors of the Bank;
"Calendar year" means the period commencing from the 1st day of January of a year and ending with the 31 st day of December of the same year;
(e)
(f)
(g)
(h)
(i)
(j)
(k)
(l)
(m)
(n) "Competent Authority" means the authority designated for the purpose by the Board;
"Emoluments" means the aggregate of salary and allowances, if any;
“family” means the spouse of the officer, wholly dependent unmarried children (including step children and legally adopted children), physically challenged brother or sister with forty per cent, or more disability and parents ordinarily residing with and wholly dependent on the officer’.
Explanation - For the purposes of this clause a child or parent or physically challenged brother or sister shall be deemed to be dependent on the officer if the monthly income of such child, parent, brother or sister does not exceed Rs.3,500 per month.
Provided that if the income of one of the parents exceeds Rs.3,500 per month or the aggregate income of both the parents exceeds Rs.3,500 per month, both the parents shall not be considered as wholly dependent on the officer.’ "Government" means the Central Government;
"Guidelines of Government" shall mean such guidelines as may be issued by the Government and shall include the recommendations made in the report of the committee constituted by the Government’s Resolution No. F. 4(26)/ 72/IR dated 19th July, 1973, as accepted by Government together with modifications or alterations thereof as may, from time to time, have been or be made by the Government;
"Managing Director" means the Managing Director of the Bank;
"Officer" means a person fitted into or promoted to or appointed to any of the grade specified in regulation 4 and any other person, who immediately prior to the appointed date, was an officer of the Bank, and shall also include any specialist or technical person as fitted or promoted or appointed and any other employee to whom any of these regulations has been made applicable under regulation 2;
"Pay" means basic pay including stagnation increments;
"Salary" means the aggregate of the pay and dearness allowance;
"Year" means a continuous period of twelve months.
CHAPTER II GRADES AND CATEGORISATION OF POSTS Grades and Scales of Pay