Skip to main content

Police Verification Likely for Recruits of Startups IT Cos

If Bengaluru police intelligence wing has its way, then new recruits of startups and IT firms will need to undergo a compulsory background check from the police.This, police believe, is necessary to keep a check on terrorist activities.
Apparently, the Ministry of Home Affairs through the Intelligence Bureau (IB) has told Karnataka Police that some engineers with a terrorism-linked past have infiltrated into Bengaluru's IT industry.
“We plan to send a proposal to Police Commissioner and the DGP requesting them to issue a circular to all startups and IT companies in Bengaluru. We'll need to check their recruitment lists to do a background verification for new employees,“ DCP (Intelligence) Maheshwarappa S told ET.
As of now, such verification is mandatory only for cab drivers and school staffers. In the calendar year up to Sep 21, the city police received only 13,824 applications for verification from the private sector, and the police are not happy about the number. City Police Commissioner N S Megharikh told ET that he is yet to get a formal proposal from his intelligence wing. “We will take a decision based on the nature of recommendations made by our officers,“ he said.
The police believe such checks in the IT, BPO and startup sectors has become more necessary as they employ a million plus people in Bengaluru. “They come from all over the world, and some may have had terrorist links,“ said Police Inspector B Ramakrishna, who is incharge of the background verification unit. “We have to take this step in the best interests of the society because we are living in a changed world,“ he said.
If the plan goes through, the newly-recruited professionals may have to visit the local police station, and their background will be verified based on their personal and professional details shared by the employer.
Business services firm Quess Corp's CEO Ajit Isaac doubts the Police department's capacity to deliver the reports in time, and any delay , he said, could slow the hiring process. “Given the attrition levels in the industry , it will add to HR cost of operations,“ he said.
The Economic Times, New Delhi, 30th Sept. 2015

Comments

Popular posts from this blog

RBI deputy governor cautions fintech platform lenders on privacy concerns during loan recovery

  India's digital lending infrastructure has made the loan sanctioning system online. Yet, loan recovery still needs a “feet on the street” approach, Swaminathan J, deputy governor of the Reserve Bank of India, said at a media event on Tuesday, September 2, according to news agency ANI.According to the ANI report, the deputy governor flagged that fintech operators in the digital lending segment are giving out loans to customers with poor credit profiles and later using aggressive recovery tactics.“While loan sanctioning and disbursement have become increasingly digital, effective collection and recovery still require a 'feet on the street' and empathetic approach. Many fintech platforms operate on a business model that involves extending small-value loans to customers often with poor credit profiles,” Swaminathan J said.   Fintech platforms' business models The central bank deputy governor highlighted that many fintech platforms' business models involve providing sm

Credit card spending growth declines on RBI gaze, stress build-up

  Credit card spends have further slowed down to 16.6 per cent in the current financial year (FY25), following the Reserve Bank of India’s tightening of unsecured lending norms and rising delinquencies, and increased stress in the portfolio.Typically, during the festival season (September–December), credit card spends peak as several credit card-issuing banks offer discounts and cashbacks on e-commerce and other platforms. This is a reversal of trend in the past three financial years stretching to FY21 due to RBI’s restrictions.In the previous financial year (FY24), credit card spends rose by 27.8 per cent, but were low compared to FY23 which surged by 47.5 per cent. In FY22, the spending increased 54.1 per cent, according to data compiled by Macquarie Research.ICICI Bank recorded 4.4 per cent gross credit losses in its FY24 credit card portfolio as against 3.2 per cent year-on-year. SBI Cards’ credit losses in the segment stood at 7.4 per cent in FY24 and 6.2 per cent in FY23, the rep

SFBs should be vigilant, proactive to mitigate risks: RBI deputy guv

  The Reserve Bank of India’s Deputy Governor Swaminathan J on Friday instructed the directors of small finance banks (SFBs) to be vigilant and proactive in identifying emerging risks in the sector.Speaking at a conference for directors on the boards of SFBs, Swaminathan highlighted the role of governance in guiding SFBs towards sustainable growth with stability. He also emphasised the importance of sustainable business models.Additionally, he highlighted the need for strengthening cybersecurity to protect the entities against digital threats and urged for a stronger focus on financial inclusion, customer service, and grievance redressal to ensure a broader reach of banking services.Executive Directors S C Murmu, Rohit Jain, and R L K Rao, along with other senior officials representing the Supervision, Regulation, and Enforcement Departments of the RBI, also participated in the conference.   -  Business Standard  30 th  September, 2024