AIBOC CIRCULAR NO. 79 DATED 21ST OCTOBER 2009

AIBOC has issued its circular no. 79 on the 36th National Conference of Catholic Syrian Bank Officers' Association. We are reproducing the same here.
CIRCULAR NO : 79                                   21^st October, 2009 
TO ALL AFFILIATES/MEMBERS:
36^TH NATIONAL CONFERENCE OF CATHOLIC SYRIAN BANK OFFICERS’ ASSOCIATION
36^TH National Conference of Catholic Syrian Bank Officers’ Association was held on 18^th October, 2009 at 10:30 a.m at Casino Cultural Auditorium, Thrissur. The conference was inaugurated by Shri. P.C.Chacko, Hon’ble Member of Parliament by lighting the lamp. Shri Chacko in his inaugural address touched upon the need for Bank Nationalisation during 1969/1980 and the contributions of Public Sector Banks to the economy of the Country.  He appreciated the roles played by PSB’s and employees and Officers in strengthening the financial sector.  He felt that there is a need now to compete at Global level, for that mergers may be inevitable.  He complimented the stellar role played by AIBOC in instilling confidence in the minds of general public in Public Sector Banks in India, despite global financial crisis.
2.         Com. G.D.Nadaf, General Secretary of AIBOC in his key note address, dealt in detail on the present position as regards industry level negotiations and the stand of UFBU on unreasonable conditions proposed by the IBA.  He also substantiated the stand of the UFBU on opposing merger/acquisition policy of the Govt.  He appealed to the grass root level membership to have some more patience on Salary Revision and 2^nd Option on Pension issues, as IBA is yet to come back on certain basic issues on sharing of pension cost, as discussed in the meeting held on 24.08.2009.  An attempt is being made by the Govt./IBA to pass on the major portion of the pension cost on the employees and officers, out of the increase in salary which has been opposed by the UFBU.  He complimented the membership for thunderous success of two days strike on 6^th and 7^th August, 2009.  If IBA/ Govt. continue with their adamant stand on sharing of pension cost etc., UFBU will be forced to revive the agitation programme with longer duration strike, said Com. Nadaf.
3.         Shri. R.Venkatraman, Chairman and CEO of the Bank was the Chief Guest.  In his speech, he advised the management and unions to “Be fair” to each other, that is the Dharma.  He also appreciated the role played by the AIBOC and advised to take up social welfare activities.  The Unions should develop the Cadre and educate the comrades.  He assured that, before laying down the office, at the end of the November-2009, ceiling on Gratuity will be increased at Bank level.
4.         Com. P.V.Mathew, Vice President of AIBOC, complimented the Association for its meaningful existence over a period of 43 years in the 90 years old Bank and achieving more than 1000 members out of 1300 officers of the Bank.  He was quoting from the experience within and outside the country that, size is not stability of the Bank.  The BCCI Global Trust Bank etc have vanished from the map of Banking.  There is a need to nationalize private sector Banks, to serve the common man said Com. Mathew.
5.         The programme commenced after Prayer with Welcome address by Com.C.L.Pauly, General Secretary of the Association.                            Com. Jose Vadakkethala, President delivered presidential address. The meritorious students of CBSE/ICSE students and members of the Association, who have completed CAIIB/JAIIB in first attempt were felicitated by giving cash awards.  The inaugural session concluded with a vote of thanks by Com. Jhonson.T.Ponmanissery, General Convenor of Reception Committee.
6.         The business session adopted the report of the General Secretary.  Newly elected office bearers were installed.  Com. Francis Jose Thottangal and Com. C.L.Pauly were elected as President and General Secretary respectively of the Association.  The entire programme was well planned and exemplarily conducted.  We compliment the leadership of the CSBOA for another milestone in their journey forward.
With Warm Greetings,
Sd/-
(G.D. NADAF)
GENERAL SECRETARY