:::::SRI S.B. RODE, OUR BELOVED PRESIDENT, AICBOF AND OFFICER DIRECTOR ON THE BOARD OF CENTRAL BANK OF INDIA HAS BEEN COOPTED AS GENERAL SECRETARY, AICBOF IN E.C. MTG. HELD AT MUMBAI ON 24.02.2014:::::MR. S.C. GUPTA, GEN. SECRETARY OF OUR AHMEDABAD UNIT HAS BEEN COOPTED AS PRESIDENT, AICBOF::::::WE CONGRATULATE THEM AND WISH THAT THE OFFICERS' MOVEMENT IN CENTRAL BANK OF INDIA WILL BE TAKEN TO NEW HEIGHTS:::::LONG LIVE CBOA:::::LONG LIVE AICBOF::::::LONG LIVE AIBOC:::::

CBOA-AP CIRCULAR NO. 002 DATED 20.01.2014

CBOA-AP issued its circular No. 002 dated 20.01.2014 reproducing the AICBOF circular on Negotiations with IBA and also on the Role of Branch Managers in our Bank. We are placing the same here for our readers.

CIRCULAR NO.: GS: 2014: 002                                      Date: 20.01.2014

TO ALL OFFICERS                                                       PLEASE CIRCULATE

Dear Friends,

We reproduce hereunder the Circular No. CIRCULAR/GS/2014/02 dated 18.01.2014 received from our Federation for your information.

With best regards                                                                        
           
Yours sincerely
Sd/-
(C.A. MALLIKARJUNA RAO)
GENERAL SECRETARY
...........................................................................................................

IBA IMPROVED THEIR INITIAL OFFER FROM 5% TO 9.5%
NEXT ROUND OF NEGOTIATIONS ON 27TH JANUARY, 2014
STRIKE ON 20TH AND 21ST JANUARY 2014 DEFERRED

We furnish hereunder the communication received from our Confederation for the information of all officers.

“IBA invited the UFBU for discussions and the bipartite talks were held on 17th Jan 2014, at Mumbai in the office of IBA. UFBU was represented by the representatives of all the constituent unions.

During the discussions held and after protracted negotiations, IBA finally agreed to improve their earlier initial offer of 5% on cost of Pay slip components (which amounted to Rs. 1575 crores) to 9.5 % (amounting to around Rs. 3000 crores) which is exclusive of retirement benefits and other costs. The IBA also reiterated that they would expedite the negotiations and conclude the Settlement by June, 2014. IBA further informed that the next round of negotiations will be held on 27th January, 2014.

While explaining the rationale behind the charter of demands, UFBU pointed out that our offer needs to be further enhanced before we can reach any finality. However, looking to their improved offer and assurance to expedite the settlement, it was decided to defer our agitational programmes and proposed strike action on 20th and 21st January, 2014.

We congratulate all our members all over the country for their enthusiastic preparation for the strike which has resulted in the above outcome.

Further developments will be informed after the next round of negotiations. In the meantime, it is necessary to maintain our unity and preparedness which alone can guarantee accomplishment of our demands”

LOOK BEFORE YOU LEAP

“Look before you leap” though reduced to and ridiculed as a cliché has not lost its relevance and value. As they say ‘Bolting the stable after the horse has run off” is of no use. In banks where money is the commodity and the depositing public reposing greater trust on banks expect highest degree of integrity and honesty, the above “clichés” assume greater relevance and importance. A slip can ruin the life of not only  the officer concerned but the entire institution. Our business should always be a venture working on time tested systems and procedures. To climb a mountain safe & fast the best option is not ‘cliff hanging’ but by trekking long through bends and bushes. With this reality in mind our bank has recently introduced the SHORT TERM PLAN of business promotion mainly enhancement of business under Retail credit.

During the recent visit to the zonal units, we have been informed that some of our Branch Managers are choked with unimaginable jump in their retail credit segment within the shortest period of 2 months of introduction of STP by the management. Such branch managers are awarded and paraded as role models by the field functionaries. Speed is vital to overcome the competitors and QUALITY is necessary to remain healthy.

There is no second opinion that our prime duty is to increase the qualitative business. But taking up business beyond capabilities landed many in problems.

“BITE ONLY WHAT YOU CAN, CHEW TO AVOID GETTING CHOKKED” should be watchword.

Our requests to all Branch Managers are:

1.     We cannot take refuge behind the deficiencies. We are paid to act with reason. Reason requires proper and adequate knowledge which should be updated & train ourselves to face the challenges. When in doubt ask others in the know & be thoroughly convinced of what they say by reference to requisite guidelines. Innocence is no defence; ignorance is inexcusable.

2.     There shall be no improvisation to undermine or bypass laid down safeguards and procedures.

3.     Loans should not be sanctioned under pressure. Merit based loan proposals are not unnecessarily delayed. To lower the concentration to high corporate credit, our management requested us to increase the business under Retail lending which is the need of the hour.

4.     Efforts are made to open more and more new accounts

5.     Efforts are made to reduce NPAs by improving quality of advances

However, we have a goal before us. We cannot and must not allow this to fall short of reality. This is not an idle commitment-our honour is at stake. So, let everyone of us do whatever we can-strive, struggle, leaving no stone unturned to achieve our goal under CASA, REDUCTION IN NPA & GROWTH IN RETAIL CREDIT.

There is one and only one answer:      YES WE CAN AND WE WILL.

Thanking you.

Yours Sincerely,
Sd/-
(A.R. SAIFULLAH)
GENERAL SECRETARY


CBOA-AP CIRCULAR NO. 001 DATED 13.01.2014

CBOA-AP issued its circular No. 001 dated 13.01.2014 reproducing AICBOF circular on Golden Jubilee Year of the Federation. We are placing the same here for our readers.

CIRCULAR NO.: GS: 2014: 001                                        Date: 13.01.2014

TO ALL OFFICERS                                                            PLEASE CIRCULATE

Dear Friends,

We reproduce hereunder the Circular No. CIRCULAR/GS/2014/01 dated 12.01.2014 received from our Federation for your information.

With best regards                                                                   
           
Yours sincerely
Sd/-
(C.A. MALLIKARJUNA RAO)
GENERAL SECRETARY
........................................................................................................

FEDERATION COMPLETES GOLDEN JUBILEE

ALL INDIA CENTRAL BANK OFFICERS’ FEDERATION (AICBOF), the majority Officers’ Organization in our Bank, is completing 50 years of its fruitful existence in this year. It is another milestone in its glorious history of trials & tribulations, failures and achievements. It is not the number of years you live that matters, but how you live. In that respect every one of us could be proud that we belong to a trade union which is strong collectively and continues to serve the cause of the community without compromising its core values.

Our Federation (AICBOF) & Confederation (AIBOC) do not depend upon the political support, being an apolitical organization, we run our own organization with the subscription collected from our own members & only strength that we have in our Trade union movement is the strength of the committed members like you who have always stood by the organization & fought against all the injustices against the officers and were able to get several facilities & rights over the last five decades of our existence.

The Executive committee of the Federation in its meeting held at Chennai, decided to celebrate the YEAR-2014, as the GOLDEN JUBILEE YEAR of existence of the Federation. It was also decided to organize grand celebrations at all the Zonal/State & Regional headquarters during the year. Mumbai unit has been chosen as the first unit to roll-out yearlong GOLDEN JUBILEE celebrations of the Federation.

Our CMD Sri.Rajeev Rishi would be inaugurating the curtain-raiser function of the GOLDEN JUBILEE celebration on 22nd Feb 2014, at KC college auditorium-Mumbai. Sri.R.C.Agarwal, former General Secretary of our Federation would be the Chief Guest. Sri.Harvinder Singh, General Secretary of AIBOC and Our Executive Directors Sri.R.K.Goyal and Sri.Animesh Chauhan would be the Guest of Honors.

With the glorious history of five decades behind us, it is the duty of every one to remember and acknowledge the contributions made by our Founding fathers and dozens of other leaders and soldiers who carried the flag of AICBOF high during the last 50 years. During the function at Mumbai we would be felicitating the retired principal office bearers of the Federation.

Friends, there is no scope for complacency. No occasion to forget the task ahead which is equally arduous and painstaking. We need to strengthen ourselves in our approach, conviction & committment to those philosophy on which the foundation rock of our organization was laid in the year 1964. On this happy occasion, we wish each one of you for PROGRESS & PROSPERITY.

Always Our Motto is ‘NATION FIRST, BANK NEXT & INDIVIDUAL LAST’

WARM GREETINGS

Yours Sincerely,
Sd/-
(A.R. SAIFULLAH)
GENERAL SECRETARY