The federal government reverted him to his earlier publish as Normal Supervisor in Punjab & Sind Financial institution.
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GIRI KVS
In an uncommon transfer, the federal government has demoted Union Financial institution of India Govt Director (ED) Pankaj Dwivedi to Normal Supervisor (GM).
The central authorities ‘hereby cancels the appointment of Pankaj Dwivedi as ED, Union Financial institution of India, made vide Division of Monetary Companies’ notification dated March 27, 2024’, the Division of Monetary Companies underneath the Ministry of Finance mentioned in a gazette notification.
The federal government reverted him to his earlier publish as Normal Supervisor in Punjab & Sind Financial institution.
In accordance with sources, the federal government has taken this choice as a case is pending in opposition to Dwivedi within the Delhi Excessive Court docket.
It has been identified within the courtroom that his appointment as Govt Director of Union Financial institution of India violated rules because of the lack of vigilance clearance.
A public curiosity litigation was filed in opposition to his appointment final yr in opposition to his appointment as ED, Union Financial institution of India, within the Delhi Excessive Court docket.
A bench headed by the then Appearing Chief Justice Manmohan issued discover in August, 2024 to the Centre, Central Vigilance Fee (CVC) in addition to Dwivedi on the PIL and questioned how the appointment was made within the absence of a nod by the vigilance authority.
Revealed on June 24, 2025
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