MBAs hired last year can retain PSU bank jobs-Times of India 02.11.2013
MUMBAI: A division bench of Justice S J Vazifdar and Justice K R Shriram ruled that the court's April 2013 order only banned future campus recruitments and not those recruitments that had already been made.
"It is clear to us on a reading of the judgment as a whole Mumbai: Months after the Bombay high court held that public sector banks could not recruit students through campus placements, it has come to the aid of around 238 MBA students who were selected from various campuses last year by Central Bank of India (CBI). Hearing a plea by one such that it did not operate in respect of the 238 candidates, including the petitioner," said the judges. The court said while it could not overturn the judgment, it could interpret the order.
Jain had been selected for the assistant manager post, with 238 others, following campus placements held by CBI in February 2012. The bank, however , informed Shilpa that it was cancelling the selection as the court had held recruitments through campus placements illegal.
The court referred to the last line of the April order, that the CBI was barred from "making any appointment against the permanent vacancies on regular basis by resorting to campus recruitment/interview mechanism hereafter", and added that if such an appointment is made, it would be illegal. The HC held that Jain's "appointment cannot be said to have been made hereafter i.e. after the judgment".
After a special RBI exemption, the CBI had, since 2009, started to recruit for posts in the officer cadre through campus placements. But this was challenged by some employees who said such appointments could be made only through internal promotions or centralized bank tests, which led to the HC order in April 2013.
http://timesofindia.indiatimes.com/city/mumbai/MBAs-hired-last-year-can-retain-PSU-bank-jobs/articleshow/25090644.cms
Mr. Jain,
ReplyDeleteWhat's your take on this new development?
Can we guys who were recruited by UCO bank think of getting our jobs back?
Mr. Danendra Jain , as Sanjay asked already, plz tell what would be the impact of this decision by Hon'ble High court, on candidates waiting for joinings by PSU banks other than Central bank, who were selected before 1st April 2013.
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