Circular No. GS: 2009: 001 Date: 31.01.2009

TO ALL OFFICERS PLEASE CIRCULATE

Dear Friends,

We reproduce hereunder the Circular No. CIRCULAR/GS/2009/01 dated 28-01-2009 received from our Federation for your information.

With best regards


Yours sincerely

(C.A. MALLIKARJUNA RAO)
GENERAL SECRETARY
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We reproduce hereunder the Circular received from AIBOC for your information:


“FONDATION CONFERENCE OF

ALL INDIA NATIONALISED BANKS’ OFFICERS’ FEDERATION

A GRAND SUCCESS”

Hon’ble Minister of Tourism, Small Scale and Cottage Industry, Government of West Bengal, Shri Manabendra Nath Mukherjee inaugurated the Foundation Conference of All India Nationalised Banks’ Officers’ Federation, held at Kolkata on 18.01.2009. In his inaugural speech, he said that, the present global financial recession is a crisis of system not that of management. The economic policy of our country is dictated by World Bank, IMF and WTO. There is no alternative for our Government than to follow the dictate. The Policy is not good for the common man. The opening up of Banking Industry and full convertibility of rupee has to be opposed by all. There is a need to come together to protect our economy, said Shri Mukherjee. He praised the contributions of unions in the banking industry and Left Parties in averting major financial crisis.

Shri K.R.Kamath, Chairman and Managing Director of Allahabad Bank was the Chief Guest. In his address, he stressed the need of the Public Sector Banks to expand their branch network to serve the rural population. He gave a detailed account of IBA’s view on issues before the banking industry such as Recruitment, Outsourcing, 2nd Option on Pension, Salary Revision, Consolidation etc. He expressed his anguish that, banking industry is unable to attract the best talents from the market. The Banks being commercial organizations have social obligations also. He praised the Bank Officers and Employees for coming up to the expectation of the Government in implementation of the Debt Waiver Scheme before the deadline fixed by the Government of India. He cautioned the officers to be vigilant and aware of accountability in exercising the authority. The manpower issue has been taken seriously by all Banks to infuse fresh blood in the banking industry. He wished the Conference all success.

Shri. S.R.Sengupta, Former General Secretary of AIBOC was Guest of Honour. In his address, he narrated the brief history of emergence of AIBOC in 1985 and its objects etc. He was proud to refresh the memory of the members that, AIBOC observed two days strike and mobilized opinion of the Members of Parliament in referring back the “Bank Privatisation bill” introduced in the Parliament to the Standing Committee and thus preserving the public sector character of Commercial Banks. He advised the leadership to pursue the ideology of the Confederation along with the task of improvements in service conditions of its members.

Shri.G.D.Nadaf, General Secretary, in his key note address, dealt in detail on the issues before the unions in the banking industry and the efforts of Confederation through UFBU to clinch long pending issues such as 2nd Option on Pension & Compassionate Appointment Scheme along with better pay package from 01.11.2007. He stressed the need to recruit adequate number of clerical and supervising staff to take care of increased workload at branches. The officers, apart from anxiously waiting for enviable pay package are also awaiting the relief in the form of regulated working hours. The Bank Managements should be more practical in assessing the accountability aspect keeping in view the constraints at branches. The consolidation and competition cannot go hand in hand. Therefore, there is a need to expand the network through opening of branches in un-banked areas and to provide adequate manpower to cope up with the pressure. The Confederation is of the strong opinion that there is a need to nationalize the Private Sector Banks for better social justice to the rural poor. The outsourcing and CTC-based wage packages are not suitable to the banking industry which require loyal and permanent staff to attend to the needs of the common man. The Public Sector Banks being the custodians of the trust of the common man have to strive hard to come up to their expectations. He assured to the Managements that, Confederation is trying through its members to come up to the expectations of the Government/Management/Public, but at the same time, the genuine demands of the Officers have also be considered more sympathetically by the IBA/Government, said Shri Nadaf in his inimitable style.

Shri. V.Eswaran, President of AIBOC, in his presidential address said that, AIBOC is the torchbearer in the banking industry which is marching ahead with a motto of service to the common man. Due to US crisis, 7.5 million people lost their jobs. The de-regulation in the banking industry through passing of Financial Sector Freedom Act, 1999 in US is the main cause for the global crisis. He was critical of the Government’s policy to amend the Insurance Act, paving way for privatization and increasing the FDI from 26% to 49% welcoming foreign capital. Though the capital base of LIC is at Rs.5 crores, its total assets are more than 7 lakh crores. The contributions of LIC to the economy of the country cannot be measured.


The Foundation Conference commenced with prayer and welcome address by Com.Dipankar Mukherjee, State Secretary. The Centenary Auditorium of the Calcutta University was bubbling with enthusiastic delegates and observers well before the scheduled time of Inaugural Session. The leaders and guests were received with shouting of slogans. The dais was well decorated. The Hall was overflowing with delegates, observers and invitees. There was a festive look everywhere. The inaugural programme ended with vote of thanks by Com.Dipankar Mitra, President of the State Unit.

Thereafter, business session commenced with sharing of organizational developments from Shri.G.D.Nadaf, General Secretary, AIBOC. He gave a brief account of position of bi-partite discussions and other issues before the IBA for resolution. He moved a resolution to form an exclusive Sectoral Federation, as provided in the Constitution of the Confederation for the officers of the Nationalised Banks in the name of “All India Nationalised Banks’ Officers’ Federation”. The proposed Federation is a wing of AIBOC and its object, policy resolutions, bye-laws etc. are in conformity with that of the Confederation. The proposal was adopted by the delegates with thunderous applause. He placed before the General Body the proposed policy guidelines and bye-laws of the AINBOF. The proposals were approved by the House. The General Council of AINBOF elected S/Shri V.Eswaran, (Bank of India), P.K.Sarkar, (Union Bank of India) K.Ramakoteswar Rao, (Andhra Bank) K.S.Shetty (Syndicate Bank) and S.A.Manjrekar (Syndicate Bank) as Chairman, President, Working President, General Secretary and Treasurer of the newly founded Federation. The General Secretary of our Federation Shri D.S.Bhadauria has been elected as Vice President of this new body.”

With greetings,


Yours sincerely

sd/-
(D.S. BHADAURIA)
GENERAL SECRETARY