Public sector banks revise LTA norms

The government has revised norms governing leave travel allowance (LTA) for public sector banks in the aftermath of the leave travel concession (LTC) scandal.

Rajiv Takru, secretary department of financial services (DFS), told TOI that the department has issued revised norms for LTC for public sector banks. “We have told them what they can do and what they can’t,” Takru said.

Sources said a former chairman-cum-managing director (CMD) of one of the PSU banks, who had claimed a trip from Jaipur to Delhi via Brazil using LTC facility, could still face serious action though he has returned the excess money he had claimed.

Full report here Times of India


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