CBOA-AP CIRCULAR NO. 39 DATED 19.12.2012

CBOA-AP issued its circular No. 39 dated 19.12.12 reproducing the circular issued by AICBOF on WAR AGAINST NPA. We are placing the same here for our readers.

We reproduce hereunder the Circular No. CIRCULAR/GS/2012/37 dated 17.12.2012 received from our Federation for your information.

With best regards                                                                      

Yours sincerely

Sd/-

(C.A. MALLIKARJUNA RAO)

GENERAL SECRETARY

……......................................................................................................

“WAR AGAINST NPA

Growing NON PERFORMING ASSETs of our Bank is a major cause of concern.  Presently Gross NPA stands at 5.4% leading others in the Industry, making us to bow our head down in shame.  When we met our Chairman and Managing Director, he expressed concern over the higher level of NPAs in our Bank vis-à-vis the other peer banks and appealed to the Federation leaders to consider themselves as "change agents", motivate the officers and share with them about the Bank mainly NPA recovery so that all round involvement will be generated.

We understand that more than 4.3 lakh NPA borrowers are having the outstanding below Rs. 1.00 lakh, spread over in each and every Branch of our Bank signaling alarming situation and should be targeted on priority by each one of us.

Good efforts in cash recovery are being overshadowed by a higher level of slippages. We request all our members to strength the monitory and recovery mechanism and arrest the cascading slippages. Even though remaining period of 2012-13 will be turbulent for all of us, we made an assurance that the entire members of our FEDERATION takes these challenges as an opportunity and prove to the top echelon that we are second to none in taking our great institution for an impressive performance.

We request all our members to rededicate our sincere, honest, committed and involved services mainly focusing on NPA recovery for our beloved institution and ensure its unhindered progress in the days to come in spite of the challenges ahead of us.”

Yours Sincerely,                    

Sd/-                            

(A.R. SAIFULLAH)

GENERAL SECRETARY