I told you @praful47
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Additionally, banks highlighted this in their recruitment notification, meaning that when a person completes the form, they are effectively agreeing to the terms.
praful47
Ek thread bhi Aaj aaya hai iske regarding
RAMESH BABU N
Background:
SBI’s Action on Credit Behaviour
The dismissed employee, who served as a clerical cadre staff member in SBI, was removed from service after an internal review flagged his low CIBIL rating and history of loan defaults. SBI had initiated disciplinary proceedings under its service regulations, asserting that a bank official with poor creditworthiness compromises the bank’s credibility and exposes it to reputational risk.
The employee challenged his dismissal, arguing that personal credit history should not impact employment, especially when no misconduct related to work was proved.
High Court’s Ruling: Personal Financial Discipline Matters
Justice D. Bharatha Chakravarthy, delivering the verdict, held that personal financial conduct is inseparable from professional responsibility in the banking sector. The Court rejected the employee’s plea, stating:
“A bank employee, particularly one who deals with public funds, is expected to maintain sound financial discipline. A poor CIBIL score reflects irresponsibility and could influence decision-making and credibility at the workplace.”
The Court emphasized that banks are entitled to lay down high ethical and financial standards, especially for employees in roles of financial trust. It further noted that SBI had acted within the framework of its internal policies and regulatory obligations.
SBI’s Action on Credit Behaviour
The dismissed employee, who served as a clerical cadre staff member in SBI, was removed from service after an internal review flagged his low CIBIL rating and history of loan defaults. SBI had initiated disciplinary proceedings under its service regulations, asserting that a bank official with poor creditworthiness compromises the bank’s credibility and exposes it to reputational risk.
The employee challenged his dismissal, arguing that personal credit history should not impact employment, especially when no misconduct related to work was proved.
High Court’s Ruling: Personal Financial Discipline Matters
Justice D. Bharatha Chakravarthy, delivering the verdict, held that personal financial conduct is inseparable from professional responsibility in the banking sector. The Court rejected the employee’s plea, stating:
“A bank employee, particularly one who deals with public funds, is expected to maintain sound financial discipline. A poor CIBIL score reflects irresponsibility and could influence decision-making and credibility at the workplace.”
The Court emphasized that banks are entitled to lay down high ethical and financial standards, especially for employees in roles of financial trust. It further noted that SBI had acted within the framework of its internal policies and regulatory obligations.