The Finance Ministry has once again come into open advocating for the Mergers and Acquisitions in Public Sector Banks. This time also they talked about the size of the balance sheet conveniently forgetting the naked truth that these small Indian Banks are not bankrupted in the recent worldwide economic crisis.What happened to the so called bigger banks in other part of the world is known to everybody.
Anyway, without going into the debate, we are providing a link here where Mr. Ashok Chawla, Finance Secretary has reiterated the need for Public Sector Banks to look for mergers and acquisitions in the next 5 - 10 years.
Link:
http://economictimes.indiatimes.com/news/news-by-industry/banking/-finance-/banking/FM-wants-PSBs-to-take-the-MA-route/articleshow/5070026.cms
http://economictimes.indiatimes.com/News/News-By-Industry/Banking/-Finance-/Banking/PSU-banks-should-look-at-merger-and-consolidation-Fin-Secy/articleshow/5069148.cms
FINANCE MINISTRY WANTS PUBLIC SECTOR BANKS TO TAKE THE MERGERS & ACQUISITIONS ROUTE
BANKS CAN'T CHANGE SCHEMES UNILATERALLY, SAYS CONSUMER PANEL
As per the report of Economic Times, National Consumer Commission has ruled that banks cannot unilaterally change its schemes as it might amount to "deficiency of service". As the ruling of the Commission would have an affect on bankers, a link to the news item is published below.
http://economictimes.indiatimes.com/news/news-by-industry/banking/-finance-/banking/Banks-cant-change-schemes-unilaterally-says-consumer-panel-/articleshow/5064752.cms
CONCESSIONS FOR SELECT RETAIL LOAN PRODUCTS OF CENTRAL BANK OF INDIA
To capitalise the market under Retail Loan Segment during the festive season, Central Bank of India has decided to offer concessions on loans sanctioned under select Retail Lending Schemes during Festive Season 2009. The concessions will be operative with immediate effect and will be continuing upto 31.01.2010.
As per the decision, Processing Charges have been waived on the following Retail Lending Schemes,
1. Direct Housing Finance Scheme
2. Cent Vehicle
3. Personal Loan to Corporate Employees
4. Personal Loan to other than Corporate Employees
5. Cent Safar
6. Cent Jewel
7. Teachers Loan
8. Cent Vyapari
9. Cent Swabhiman
Source: http://www.centralbankofindia.co.in/english/interest.asp
HYUNDAI TIES UP WITH CENTRAL BANK OF INDIA FOR CAR LOANS
According to the press release issued by Hyundai Motor India, the country's second largest car maker, it has signed a memorandum of understanding with Central Bank of India for providing car loans to customers.
Under the MOU, Hyundai customers can avail car loans from Central Bank of India at two percent below the BPLR of the Bank with repayment upto 36 months and at one percent below BPLR in case of repayments between 36 to 84 months.
Source: http://www.blonnet.com/blnus/17251967.htm
BANKS TOLD TO COME CLEAN ON RETAIL LOAN CHARGES, PRICING
AIBOC CIRCULAR NO. 74 DATED 25TH SEPTEMBER 2009
SALARY STRUCTURE OF BANK EMPLOYEES VS GOVT. EMPLOYEES
There is a myth in the minds of the Public that bank employees are highly paid. Whenever we participate in strike, there used to be a huge hue and cry from them.
In a perfect market, every factor of production gets its due share. But in reality, markets are unfair and imperfect. The stakes are loaded heavily against the working class; that explains the growing disparity between the capital-owning/top managerial class and the labour class, despite breathtaking GDP growth rates.
The disparity exists not just vis-À-vis labour and the managerial class, but also across categories of the labour class. The latter exists because “relativity” has not been maintained.
There are two forms of relativity that need to be considered — internal relativity, which looks into whether the salary levels within the organisation correspond to the organisational hierarchy; and external relativity, which deals with the relationship between the wages paid and the market wages.
GOVT EMPLOYEES FAVOURED
Prior to 1979, Group ‘A’ Officers of Central Government were earning less than bank officers. In 1979, the Pillai Committee was constituted to study the salary structures of bank officers and Group ‘A’ Officers of the Central Government and bring equity among various banks.
The Committee observed that the functions and responsibilities of bank officers in the new set-up were comparable to those of Group ‘A’ Officers in the Central Government and suggested pay parity between them.
The Pillai Committee recommendations were implemented in banks with effect from July 1, 1979, and the pay scale of the lowest rung of officers in banks were equated with pay scales of the lowest rung of Group ‘A’ Officers of Central Government at Rs 700.
The parity which was established by implementing the Pillai Committee Recommendations was distorted by subsequent Pay Commission revisions. In the Sixth Pay Commission, the wages of Group ‘A’ Officers zoomed past the bank officers’ wages. External relativity was given a quiet burial.
It is quite appropriate to compare the salary of bank officers with Group ‘A’ Officers of the Central Government to ascertain whether bank officers constitute a high-wage island.
The basic pay according to the Fifth Pay Commission for Group ‘A’ Officers was Rs 8,000 and the corresponding pay for bank officers was Rs 7,100. But in the Sixth Pay Commission the basic pay for Group ‘A’ Officers of the Central Government went up to Rs 21,000 (basic pay Rs 15,600 + grade pay Rs 5,400) whereas the pre-revised basic pay of bank officers was only Rs 10,000.
Between the Fifth and the Sixth Pay Commissions, the basic pay of Group ‘A’ Government officers went up by 162.5 per cent.
The gross salary of government officers was Rs 31,312, whereas the bank officer’s salary was only Rs 16,110. It can be seen that a bank officer draws a gross salary which is just 51.45 per cent of the gross salary of Group ‘A’ officers at the lowest rung.
Even house rent allowance was paid at 30 per cent of basic pay for government officers, whereas bank officers were getting a maximum of 8.5 per cent in metros. The pre-revised salary of the bank clerk was Rs 6,600 as compared with the Central Government clerk’s salary of Rs 11,000.
Many State Governments have adopted the Sixth Pay Commission Recommendations. A number of public sector undertakings have implemented the Pay Commission recommendations as a benchmark for their salary revision.
The government, public sector and private sector undertakings are paying high salaries to their entire workforce, with the exception of the banking sector. Given these facts, can bank officers and employees be described as belonging to an island of high wages?
MORE WORK, LESS PAY
The business hours for the customers used to be four hours a day and working hours for the staff was seven hours with a 30-minute lunch break. To provide best customer service, the business hours have been increased to six hours, within the stipulated working hours of seven hours a day. After business hours, the bank staff need three to four hours to complete back-office work at the branch level, because of which the working hours for officers are practically extended to about 11 hours a day without any monetary compensation or increase in salary structure, whereas new generation private sector banks duly compensate the extended working hours in their salary packages.
We have completed 40 years of bank nationalisation, and we owe our gratitude to the then Prime Minister Indira Gandhi for taking the bold step. The country’s transformation since then is in no small measure due to the role played by nationalised banks.
We feel proud to work in nationalised banks and be part of the nation-building exercise.
We started with social banking but now have almost attained the standards of global banking. Yet, we are paid less than municipal wages.
The need of the hour is to restore the pay parity with government employees and uphold external relativity as done by the Pillai Committee 30 years ago.
Source: http://www.allbankingsolutions.com/Salary-bank-employees-vs-government-employees.htm
DETAILS OF TALKS WITH IBA ON 24.09.2009
We publish hereunder the details of talks held with IBA, which are made available at AIBEA website.
Bank Unions to meet IBA on wage revision on 24.09.2009
It is reported in Economic Times that Mr. C H. Venkatachalam, Convener, UFBU has told that a crucial meeting between the representatives of the United Forum of Bank Unions (UFBU) and Indian Banks Association (I.B.A.) is slated on 24.09.2009 to discuss wage revision and other demands of about 10.5 lakh bank employees and officers in the country.
Talking to PTI over phone today, UFBU Convener C H Venkatachalam said the offer to discuss the long-pending issues was made by the IBA, the apex body of bank managements, following the nationwide strike by employees on August 6-7.
After the "success" of the two-day strike, the IBA informed them that they have finalised a package that envisages 17.5 per cent increase in wages and New Pension Scheme (NPS) for new entrants from April 2010, among other things, he said.
Compassionate appointment issue would be discussed separately, Mr. Venkatachalam said.
The UFBU, at a meeting on September 7, discussed the IBA package and decided to pursue it with the association in tomorrow's meeting in Mumbai, he added.
A link to the news in the Economic Times is posted below.
http://economictimes.indiatimes.com/Banking/Bank-unions-to-meet-IBA-over-wage-revision/articleshow/5047703.cms
The same news item is also appearing in The Hindu Business Line and Business Standard.
AIBOC CIRCULAR NO. 73 DATED 23RD SEPTEMBER 2009
AIBOC has released another circular on the 21st General Council Meeting of All India Punjab National Bank Officers' Association. We publish here the same for the benefit of the readers.
PUNJAB NATIONAL BANK OFFICERS’ ASSOCIATION
2. Com.G.D.Nadaf, General Secretary, AIBOC, inaugurated the conference by lighting the lamp amidst thunderous applause. In his inaugural speech, he extensively covered on the developments as regards industry level issues under negotiation with the IBA. He expressed his happiness that, AIBOC has almost clinched the long pending aspirations of the CPF optees to switch over to the Pension Scheme. The related issues on 2nd Option will be discussed further with the IBA during the next meeting scheduled on 24th September, 2009. As regards salary revision, constituents of UFBU are not satisfied with the offer of IBA for 17.5% increase. All Banks are performing well. The better pay compensation system for Govt. and other Public Sector undertakings has raised the hopes in the Banking Industry. In lieu of 2nd option on pension, employees have to share the burden of cost to the extent of Rs. 1800/- Crores. Therefore, the present offer on salary revision is far below the expectations of the grass root level membership. They have already expressed their anguish by making the 6th and 7th August 2009 strike a thunderous success. The risk, responsibility, transferability and accountability of officers, coupled with unlimited working hours have made the life of the officers miserable. Hence, we are persuading the Govt/IBA for better pay package and early settlement of the issues, so that the unions could concentrate on ill-advised moves on financial and labour reforms waiting in the wing. He was very critical of the attitude of the Government on Compassionate Appointment Scheme pending before them for approval, as the family conditions of the deceased employees are pathetic in the absence of Compassionate Appointments in the Banking Industry, said Com. Nadaf.
3. Shri. M.V.Tanksale and Shri. Nagesh Pydah, Executive Directors of the Punjab National Bank were the Chief Guests. In their speech, they covered the Bank level issues and appreciated the Association for the positive role played in achieving the business targets. Com.K.D.Kheda, General Secretary, AIPNBOA in his speech thanked the Management representatives for their co-operation and assured that, the Association will continue to play stellar role for the development of the Bank. Com.P.R.Mehta, General Secretary of AIPEF in his felicitation speech expressed his concern about the merger and acquisition policy of the Govt. of India. The joint forum of AIPNBOA and AIPEF will take up the bank level issues together. Com.P.K.Sarkar, President of AINBOF in his address appreciated Com.Kheda for his continuation as General Secretary of AIPNBOF for the last 27 years. He expressed that apart from pursuing monetary issues, there is a need to fight for the dignity and self-respect of officers. The punitive disciplinary rules, harsh policy in transfers etc. are discouraging the officers to exercise their powers freely.
4. Earlier after invocation, Shri. R.P.Sharma, Chairman Reception Committee welcomed the gathering. S/Shri. Ved Vyas, Deputy General Manager, D.S.Solanki, AGS, B.P.Sharma, G.M (HR), Rohtas Kumar, General Manager, also spoke on the occasion. A souvenir published on the occasion was released by the Executive Directors. Under the Social Welfare Programme gifts were handed over to the visually challenged persons. Com. Ashish Sen, President of the Association delivered the Presidential speech. The inaugural session concluded with a Vote of Thanks by Com. Pradeep Kumar.
5. Comrades, it was a well planned and largely attended open session, proceedings of which were extensively covered in the print and electronic media. We compliment the leadership of the AIPNBOA, Com. Ashish Sen, Com.K.D.Kheda and volunteers’ force for another memorable programme. We congratulate the newly elected Office bearers and wish them all success in their endeavours.
With Warm Greetings,
Sd/-
CONGRATULATIONS TO ALL SUCCESSFUL CANDIDATES OF AIS 2009-10
Let us congratulate the successful candidates of the promotion test held under All India Service (2009-10). You are already aware that managment has dispensed with the Interview as One Time Measure. All the 422 candidates who have secured equal to or above the minimum qualifying marks in the written test are declared successful for promotion to the post of Assistant Manager in JMG Scale I.
CBOA, Andhra Pradesh, affiliated to All India Central Bank Officers' Federation (AICBOF), the recognised Majority Organisation representing Officers in Central Bank of India congratulate all the successful candidates. We publish here the list of successful candidates of Hyderabad Zone.
Rank No. Name of the Candidate Place of work
15 M. Indu Bala A.S. Rao Nagar
47 M.K. Govind Begum Bazar
79 V.S.N. Murthy Gandhigram
86 V. Balasubramani Bolaram
112 M.V. Raghavulu Kakinada
129 T.S. Charyulu Rein Bazar
132 V.M. Kulkarni R.O., Hyderabad
171 Y. Srinivas Gudivada
177 K. Mallikarjuna Rao Kurnool
187 S.R. Kulkarni Gulbarga
194 D.V.S.S. Prabhakara Rao Suryabagh
206 P. Usha Rani Governorpet
224 B.S. Rama Murthy Chilakaluripet
265 P. Anjaneyulu Tadepalligudem
267 Vajja Sambaiah Nidamanoor
296 G. Anand Narsampet
306 M.H. Manjunatha Rao Davangere
308 G.P. Pattekar Belgaum
316 R. Lakshmana Rao Nizamabad
320 T. Venkata Swamy Fateh Maidan
Reserved
14 J.V. Rao Manikonda
46 K. Sanjiva Rao Samalkot
50 Malarkodi K. Brigade Road
67 Nagesh M. Indira Nagar
AIBOC CIRCULAR NO. 72 DATED 16.09.2009
Sri D.S. Bhadauria, General Secretary, AICBOF honoring Sri C.A. Mallikarjuna Rao, General Secretary, CBOA, AP
Sri D.S. Bhadauria, General Secretary, AICBOF honoring Sri M. Sambasiva Rao, Jt. Secretary, CBOA, AP
Sri N.K. Pareek, President, AICBOF honoring Sri L. Prabhakara Rao, Regional Secretary, CBOA, Vijayawada
Sri C.A. Mallikarjuna Rao, General Secretary, CBOA, AP presenting a memento to Sri D.S. Bhadauria, General Secretary, AICBOF
Sri K. Srinivasa Rao, M.C. Member, CBOA, AP presenting a bouquet to Smt. Arunima Dasgupta, E.C. Member, AICBOF
Sri M. Sambasiva Rao, Jt. Secretary, CBOA, AP presenting a bouquet to Sri S. Parameshwar Iyer, E.C. Member, AICBOF
Sri S.M. Subhani, Treasurer, CBOA, AP presenting a bouquet to Sri S.B. Rode, Dy. General Secretary, AICBOF
Sri P.V.S. Prasada Rao, Jt. Secretary, CBOA, AP presenting a bouquet to Sri K.K. Sengupta, Dy. General Secretary, AICBOF
Sri James Xavier, Vice President, CBOA, AP presenting a bouquet to Sri H.C. Agarwal, Dy. General Secretary, AICBOF
Sri L. Prabhakara Rao, Regional Secretary, CBOA, Vijayawada presenting a bouquet to Sri D.S. Lahane, Jt. General Secretary, AICBOF
Sri D.V. Krishna Rao, Vice President, CBOA, AP presenting a bouquet to Sri D.S. Bhadauria, General Secretary, AICBOF
Sri K. Kumaraswamy, Sr. Vice President, CBOA, AP presenting a bouquet to Sri A.R. Saifullah, Sr. Vice President, AICBOF
SRI C.A. MALLIKARJUNA RAO, GENERAL SECRETARY, CBOA, AP WELCOMING THE PARTICIPANTS TO AICBOF EC MEETING
AIBOC CIRCULAR NO. 71 DATED 12TH SEPTEMBER 2009
AIBOC has released its Circular No. 71 dated 12th September 2009. We are posting the same here.
CIRCULAR NO: 71 12th September, 2009
TO ALL AFFILIATES/MEMBERS:
- FEDERAL BANK OFFICERS’ ASSOCIATION ESCALATES ACTION PROGRAMMES
- ALL INDIA STRIKE ON 16TH SEPTEMBER, 2009
- WITH DRAWAL OF ENTRA CO-OOPERATION FROM 17TH SEPTEMBER, 2009.
Our affiliate in Federal Bank has been on agitation against their Management on the issue of discontinuation of ex-gratia which was enjoyed by all the Employees and Officers in the Bank for a long time. The Association in conjunction with the workmen union held joint protest demonstrations and Dharnas, demanding restoration of ex-gratia. But the Management has exhibited adamancy and indifference to the legitimate demands of the Officers. All the sincere efforts made by the Association, to resolve the issue in an amicable manner in the larger interest of the Bank, were in vain, due to the tough stand taken by the Management. The conciliation proceedings before the Assistant Labour Commissioner held on 09.09.2009 were a futile exercise. The ALC has again fixed a conciliation meeting on 14.09.2009 and the Association does not have any hope of emergence of positive developments.
2. Having been driven to the wall by the Management, the Association is forced to intensify the agitation with one day strike on 16th September, 2009. Preparations are afoot to make the strike action a big success. The joint agitation programme launched by the Federal Bank Officers’ Association and Employees’ Union (UFBU), will completely paralyse the banking operations of the Bank, which will be a body blow to the high handedness of the Management.
3. The second phase of agitation will commence from 17th September, 2009 by withdrawing extra co-operation hitherto rendered by the staff. The agitation will be further intensified by taking up other demands like, Stoppage of outsourcing and contract labour, Rejection of anti-people BCG recommendations, Stoppage of discrimination and justice to GBK staff, Closing of Fedfina operations, and Restoration of Original Pension scheme to the newly recruited officers etc.,
4. Comrades, the demands of our affiliate are quite legitimate and the high handedness of the Management is deplorable. Our affiliate had launched valiant struggles in the past and the Management had bowed before the invincible strength and unity of the Association. We hope the Management will realise the gravity of the situation and respond positively to the legitimate demands of the Officers.
5. We call upon all our affiliates to extend fraternal support to the struggle and action programmes launched by our affiliate in Federal Bank.
6. We wish all success to the strike action of 16th September, 2009 and also the further intensification of their struggle.
Sri M. Sambasiva Rao, Jt. Secretary, CBOA, AP presenting a bouquet to Sri N.K. Pareek, President, AICBOF
Sri Jamex Xavier, Vice President, CBOA, AP presenting a bouquet to Sri D.S. Bhadauria, General Secretary, AICBOF
Sri K. Kumaraswamy, Sr. Vice President, CBOA, AP presenting a bouquet to Sri N.K. Pareek, President, AICBOF
Sri C.A.Mallikarjuna Rao, General Secretary, CBOA, AP garlanding Sri D.S. Bhadauria, General Secretary, AICBOF
We are publishing here a series of photographs taken on the occasion of General Meeting conducted by CBOA, AP unit on 08.09.09.
AIBOC CIRCULAR NO. 70 DATED 10.09.09
AIBOC has issued its circular no. 70 on the proposal of the Central Government to appoint a Civil Servant as Chairman and Managing Director of Punjab National Bank.
The same is published here for our readers.
CIRCULAR NO: 70 10th September, 2009
TO ALL AFFILIATES/MEMBERS:
APPOINTMENT OF CHAIRMAN AND MANAGING DIRECTOR OF PUNJAB NATIONAL BANK - GOVERNMENTS’ MOVE OPPOSED
We are concerned to note certain developments in regard to the appointment of the Chairman and Managing Director of PNB – wherein the Government is proposing to appoint a Civil Servant to the coveted post, thereby causing a serious dent in the career opportunity of senior executives in the banks apart from the fact that the banking industry is a sensitive one and requires an insider with a thorough professional knowledge and expertise to head a major institution like that of Punjab National Bank. We have to-day sent a communication to the Prime Minister, Government of India, New Delhi. A copy of our communication is enclosed.
2. All our affiliates/members are requested to await further developments in the matter.
Communication sent to Hon'ble Prime Minister
No.1454/183/09 10.09.09
To,
The Hon’ble Prime Minister,
Government of India,
South Block, Parliament House,
New Delhi.
Dear Sir,
APPOINTMENT OF CHAIRMAN AND MANAGING DIRECTOR OF PUNJAB NATIONAL BANK – A PROFESSIONAL BANKER TO BE APPOINTED
We are surprised to know that the Government is considering to appointment an Officer from the Government as the Chairman and Managing Director of Punjab National Bank in contravention of the established convention of appointing a senior Executive Director or the CMD of other banks to this prestigious position thereby creating a lot of heart burn amongst the Officers’ fraternity in the banking industry. The banking industry has been witnessing spectacular changes in the business environment and the public sector banks are required to face tremendous competition in the current scenario. The Bank Officers are able to withstand these pressures due to their experience and capability of handling the changing environment in the financial sector and taking on the competition from the Private and Foreign Banks in an effective manner. The Officers in the Banking Industry look for advancement of their career in the industry itself since they can specialize and compete amongst themselves to reach the top slots in the banking industry. The present move of the Government is bound to hurt the sentiments of the senior executives who have been languishing to reach the position of the Chairman and Managing Director since the positions are few and the competent people to fill those positions are in hundreds.
2. The Confederation has been holding a strong view as to the appointment of outsiders to the top positions of the banks since the banking is a delicate matter and needs a thorough professional knowledge of the banking as it is done in the present day context. There is no need to place a Civil Servant to work in this position creating a serious heartburn amongst the senior executives in the Banking Industry. When there are plenty of talents available within the banking industry; appointing a Civil servant or a bureaucrat will only harm the chances of promotions of several senior executives in the Banking Industry. Whenever a senior position in the banks is filled it results in the promotional opportunities down the line thereby providing a chance for several officers to go up in the ladder of their career. In view of the banking industry passing through severe constraints as regards the expansion in number of vacancies at the top level, the scarce opportunity cannot be further reduced to the disadvantage of the several senior executives in the banking industry.
3. The Confederation is seriously concerned about these developments and conveys its strong protest against the move of the Government which is bound to create unnecessary irritations in the industrial relations in the banks. We therefore request you to kindly take note of the sentiments of thousands of Officers working in the banking industry and desist from the proposed move in the interest of the harmonious industrial relationship atmosphere that is prevailing in the banking industry.
4. Please treat the matter as urgent.
AIBOC CIRCULAR NO. 69 DATED 8TH SEPTEMBER 2009
AIBOC has issued its circular on UFBU meeting held at Chennai on 07.09.09. We are posting the same here for the benefit of our readers.
CIRCULAR NO: 69 8th September, 2009
TO ALL AFFILIATES/MEMBERS:
Dear Comrades,
UFBU MEETING
A meeting of the UFBU was held on 07.09.2009 at Chennai. Leaders of all the 9 constituent unions were present. The meeting was presided over by Com. K.S. Shetty.
2. The meeting congratulated the bank employees and officers for their magnificent unity and amazing militancy, thus making the 2 days’ strike on 6th and 7th August, 2009 a resounding success.
3. The meeting noted that the unity of the rank and file under the banner of UFBU has ensured the thwarting of all attempts on the part of IBA and Government to retract from offers made. The meeting took for consideration the proposals of the IBA made before the CLC on 07.08.09 and, decided to further negotiate on all components of the offer for improvements with IBA in the next round of Bipartite Talks.
4. Persuasion with the Govt.We are glad that, some of our affiliates/members are meeting the Ministers, Members of Parliament to convince on our legitimate demands under negotiations with the IBA. We are also happy that they could understand our legitimate demands and assured to pursue the issues at appropriate level. We are confident of clinching a better deal through persuasion and pressure tactics.
5. We thank all those members and affiliates who are trying relentlessly by meeting and convincing the Ministers, MPs and others for improvements in the package offered by the IBA.
6. Talks with IBA :The IBA had fixed 12th September, 2009 for the next round of Talks. However, since the date is not convenient for a few constituent unions, we have asked for a revised date for the Talks during the next week or within 10 days. As soon as the meeting is fixed and held, we shall inform you of further developments.
AICBOF E.C. MEETING AT HYDERABAD
Central Bank Officers' Association, Andhra Pradesh Unit has successfully conducted the E.C. Meeting of All India Central Bank Officers' Federation (AICBOF) at Hyderabad on 09.09.09 and 10.09.09 at Hotel Sankalp Grand, Koti.
Members of CBOA, AP Unit have once again demonstrated their dedication towards the organisation. With their unstinted support and cooperation, the unit has created history in hosting the EC meeting with the largest attendance. It has also created history by launching its own Blog with various useful features as the CBOA, AP Unit is the first affiliated unit of AICBOF having its own Blog.
Kudos to the members of CBOA, AP unit.
Detailed circular will be posted here once the Unit releases the same.
REPORTING OF SCALE-IV OFFICERS
The management has recently released the postings of Scale-IV Officers on Promotion and also on lateral transfers.
Accordingly, the following Scale-IV Officers have reported today at Hyderabad.
Sri R. Subramanian on lateral transfer to Zonal Office, Hyderabad
Sri H.R. Dutta on lateral transfer to Zonal Office, Hyderabad
Sri N.R. Panda on lateral transfer to ARB, Hyderabad
Sri B. Subba Rao on lateral transfer to R.O., Vijayawada
Sri H.S. Garsa on lateral transfer to Secunderabad Branch
Sri H.S. Subramanya on promotion to Zonal Office, Hyderabad
Postings of Scale-III to IV
Central Office has released the postings of the Promotees from Scale-III to IV along with lateral transfers in Scale-IV. The reporting date is 10.09.2009
Here is the list of positngs
Sr Name Present Placement/ Zone Posted To
1 Shri Shambhu Nath Jha Joppling Road Branch,Lucknow VLB Deccan Gymkhana
2 Shri Vijay Kumar Singh Faizabad Branch,Lucknow DIT,Central Office
3 Shri Rajeev Khurana Z.O. Lucknow Z O Delhi
4 Shri Basudeo Rakshit ZSTC, Guwahati NRI Cell,ID,Central Office
5 Shri M S Bisht Katra Branch,Lucknow VLB Pathankot
6 Shri Radhey Shyam Shukla ZAO, Lucknow Z O Bhopal
7 Shri Anurag Kumar Sharma Z.O. Delhi Z O Agra
8 Shri Harish Chand Prasad Birlamandir Road Branch,Patna VLB Siwan
9 Shri J S Sawhney Sec.22C Branch,Chandigarh CFB Parliament Street
10 Shri K P Sinha CBOTC,Kolkata VLB Raigarh
11 Shri Pawan Kumar Garg Safdarjung Encl Branch,Delhi Priority Sector,Central Office
12 Shri Vivek Jain Z.O. Bhopal CFB Mumbai
13 Shri Sushil Kumar Srivastava Alambagh Branch,Lucknow Z O Nagpur
14 Shri M K Grover Treasury, Central Office Treasury, Central Office
15 Shri Gopinathan MMZO IBB Chennai
16 Shri Rajesh Kumar Z O Lucknow Z O Delhi
17 Shri B P Singh R & P,Central Office R & P , Central Office
18 Shri B K Anand Z.O. Bhopal MMZO
19 Shri Nuggu Murali K Credit,Central Office VLB Vishakhapattanam
20 Shri L M Bali CBS,Central Office Z O Kolkata
21 Shri Dev Karan Nakhas Branch Lucknow Z O Muzaffarpur
22 Shri S B Mitkari Dhantoli Branch Nagpur VLB Babulnath Road
23 Shri R K Rungta Dinapur Branch Patna R O Coochbehar
24 Shri Anil Kumar Z O Patna VLB Bandra
25 Shri S K Rohilla Mani Majra Branch Chandigarh VLB Dehradun
26 Shri S K Bhattacharya Z O Lucknow VLB Asaf Ali Road
27 Shri Shekhar N Ranade Makapura road Branch Ahmedabad ELB Nariman Point
28 Shri Hemant Kumar Sharma Ibrahimpura Branch Bhopal CSD,Central Office
29 Shri S S Malik Z O Chandigarh VLB Rein Bazar
30 Shri Mahinder Singh Market Yard Branch Pune VLB Gurgaon
31 Shri S Vincent Z O Pune RMD,Central Office
32 Shri C S Balakrishnan SPBTCollege ELB Trivandrum
33 Shri Sunil Kumar Jha MMZO VLB Sangli
34 Shri Ranjit Kumar CBOTC Bhopal ARB Pune
35 Shri K Basheer Ahmad Kurnool Branch Hyderabad VLB Pondicherry
36 Shri Anjani Kumar Ranchi Branch Patna VLB Unnao
37 Shri Rakesh Mishra Naka Hindola Branch Lucknow VLB HL Commerce College
38 Shri N A Kulkarni ARB Pune VLB Wadala
39 Shri M K Srivastava Babina Cantt Branch Lucknow Z O Bhopal
40 Shri Anil Kumar Jain Z O Ahmedabad RO Bhopal
41 Shri S D Mahurkar MMZO R O Upper Assam
42 Shri Nagendra Pratap Singh Deoria Branch Lucknow VLB Sham Bazar
43 Shri Mahender Singh Chuna Mandi Branch Delhi Z O Lucknow
44 Shri H S Subramanya IRP,Central Office Z O Hyderabad
45 Shri Rama Shankar Pandey Z O Ahmedabad VLB Byculla
46 Shri Upendra Prasad Singh Priority Sector,Central Office VLB Sahara Darwaja
47 Shri Ashok Kumar ZSTC Ahmedabad VLB Janakpuri
48 Shri Sunil Kumar Gupta RWA Noida RWA Noida
49 Shri Nawal Kishore Prasad Vigilance,Central Office R O Purnea
50 Shri Balakrishna P Bangalore Cantt Branch Hyderabad CFB Mumbai
51 Shri D Selwyn Gnanraj Vellore Branch Chennai R O Hubli
52 Shri Devender Ohri Patel Nagar Branch Delhi VLB Kareli Bagh
53 Shri S K Bhatnagar Shahjahanabad Branch Bhopal VLB Vile Parle
54 Shri K Chandra Prakash Monda Branch Hyderabad Z O Pune
55 Shri R L Khandelwal Z O Nagpur Z O Raipur
56 Shri Satya Brata Ray Gondal Branch Ahmedabad VLB Darjeeling
57 Shri R N Das ZSTC Mumbai ID, Central Office
58 Shri T Srinivasa Rao Mushirabad Branch Hyderabad VLB Pallavaram
59 Shri R K Chouksey Janakganj Branch Bhopal VLB Ambikapur
60 Shri S S Batra Rohtak Branch Chandigarh VLB Mithakhali
61 Shri R K Kaushik ZO Delhi CA & ID,Central Office
62 Shri Ajeet Singh Najafgarh Road Branch Delhi R O Ambala
63 Shri P K Sahasrabudhe MMZO VLB Amravati
64 Shri Vinod Kumar Kashmeri Gate Branch Delhi NBO Kolkata
65 Shri R K Chaturvedi Modellagram Branch MMZO RRB Satpura Narmada
66 Shri V K Bhatnagar Khandwa Branch Bhopal MMZO
67 Shri D K Jaimini Z O Bhopal Z O Raipur
68 Shri V K Malik Z O Chandigarh Credit,Central Office
69 Shri S S Chavan Mapuca Branch MMZO ZAO Lucknow
70 Shri B S Dahiya Delhi Cantt Branch Delhi VLB Bahadurgarh
71 Shri Banshi Dhar Jha Madhubani Branch Muzaffarpur VLB Guwahati
72 Shri Ravi K Munshi EID, Central Office EID,Central Office
73 Shri V K Sareen Janakpuri Branch Delhi VLB Shillong
74 Shri V K Tripathi Moti Katla Branch Delhi VLB Mahanagar
75 Shri Umesh Chandra GochhayatBhinjhapur Branch Kolkata ARB Raipur
76 Shri B N Jha ZAO Bhopal VLB Cotton Exchange
77 Shri Kishore Dharmadhikari CFB Siyaganj Bhopal MMZO
78 Shri R C Gupta RO Delhi-B Z O Muzaffarpur
79 Shri R L Bhardwaj R O Shimla Chandigarh VLB Gumti No.5
80 Shri Anil Kumar Aggarwal Civil Lines Amritsar Branch Chandigarh R O Anand
81 Smt Namita Roy Sharma Secunderabad Branch VLB JB Nagar
82 Shri K Manjunath Z O Raipur VLB Fafadih
83 Shri Sunil Kumar Shukla Kalambagh Road Branch Muzaffarpur ELB Kolkata MO
84 Shri Dharmendra Singh Vigilance,Central Office RO Bareilly
85 Shri P N Waingankar Laxmipuri Branch Pune Z O Ahmedabad
86 Shri Ranjeev Sharma Sec 35 Branch Chandigarh VLB Santacruz-W
87 Shri Rajesh Akhauri Rudrapur Branch Agra VLB Tilak Nagar
88 Shri Ajay Kumar Sadar Bazar Branch Delhi Z O Agra
89 Shri Hardayal Sharma Jamalpur Awana Branch Chandigarh Arera Hills,Bhopal
90 Shri P Srinivas Reddy Jayanagar Ext. Branch Hyderabad VLB Coimbatore
91 Shri K V S Rao Z O Hyderabad VLB Colaba Causeway
92 Shri Bhanu Prakash Sharma Kaimganj Branch Agra aZ O Pune
93 Shri Ram Bharosey Verma Shikohabad Branch Agra Z O Chandigarh
94 Shri K Devnathan Palghat ELB Chennai MO
95 Shri Ravi Kishore Singh Samastipur RO Gaya
List of Lateral Transfers in Scale-IV
1 Shri A S Tiwari Dehradun Branch VLB Agra Cantt
2 Shri G P Karmakar RO Bareilly RRB Etawah
3 Shri V K Manchanda Gurgaon Branch ZO Chandigarh
4 Shri H Jayathirtha JB Nagar Branch Alapuzha Branch
5 Shri T C Jain ZO Bhopal Green Park Branch
6 Shri H R Dutta Gumti No.5 Branch Z O Hyderabad
7 Shri N K Meher Mahanagar Branch Z O Lucknow
8 Shri R R Singh ZO Chandigarh Mumbai Main Office
9 Shri S S Pai Pondicherry Branch VLB Thane
10 Shri Niwas Singal Unnao Branch ZAO Muzaffarpur
11 Shri A K Sabharwal RO Purnea ZAO Nagpur
12 Shri M S Gupta Kolkata Main Office ZAO Patna
13 Shri M N Panda Deccan Gymkhana Branch RO Ahmadnagar
14 Shri V A Bodus ZAO Patna GAD (Prem.), Central Office
15 Shri Dilip Kumar ZAO Muzaffarpur ARB Lucknow
16 Shri S G Deoras RO Anand RO Ratlam
17 Shri H H Desai Profitability Cell,Central Office VLB Grant Road
18 Shri D N Sarkar R O Coochbehar VLB Jalpaiguri
19 Shri N R Panda RO Vijaywada ARB Hyderabad
20 Shri H R Garsa Rein Bazar Branch Secundarabad Branch
21 Shri B Subba Rao RO Hubli RO Vijaywada
22 Shri R Subramanian Secundarabad ZO Hyderabad
23 Shri S P Raste Janakpuri Z O Guwahati
24 Shri M C Batra Cotton Exchange Profitabiity Cell,Central Office
25 Shri S C Srivastava Bandra GAD,Central Office
26 Shri K C Nayak Santacruz-W Recovery, Central Office
CBOA, AP wishes all the best to all of them in their new postings.
Circular No. GS: 2009: 014 Date: 26.08.2009
TO ALL OFFICERS PLEASE CIRCULATE
Dear Friends,
We reproduce hereunder the Circular No. CIRCULAR/GS/2009/08 dated 24-08-2009 received from our Federation for your information.
With best regards
Yours sincerely
(C.A. MALLIKARJUNA RAO)
GENERAL SECRETARY
...................................................………………………
A.I.C.B.O.F. Meritorious Children Scholarship for the years 2007-2008 & 2008-2009
Our Federation is awarding six All India Scholarships at the Federation level to meritorious children in 12th Standard examination of the Boards from all over the country. The important terms and conditions for this scholarship scheme are given below:-
a) Only the children of those officers who are members of the Benevolent Fund Scheme introduced by the units of the Federation will be eligible for this scholarship.
b) The Scholarship scheme is open for the children who pass the Board examination of Standard XII.
c) There shall be total of six scholarships – Two for each faculty of Arts, Science and Commerce.
d) The selected student would be eligible for scholarship of Rs.100/- per month for a period of ten months provided they continue further studies.
The results for 12th Standard (HSC) have already been announced in most of the areas and in some others, are being announced. As such, the officers whose children have appeared in this examination and fulfill the following criteria, can make the application directly to the Federation on the prescribed format which is given overleaf.
1) The student should have passed the 12th Standard examination in the first attempt;
2) The application should reach the office of the Federation on or before 30.09.2009.
3) For eligibility to apply, a student must have secured minimum of 70% aggregate marks in Science and Commerce faculties and 60% in Arts faculty in the Board Examination of 12th Standard.
4) The decision of the Federation for selection of the awardees shall be final.
We request the eligible officers to submit the applications in the prescribed format, duly certified by their respective units General Secretaries, directly to the Federation’s office within the stipulated period.
Due to certain exigencies the applications under this scheme for the year 2007-08 could not be invited. The eligible members may please send the applications for the year 2007-08 on or before 30.09.09. All other terms and conditions of the scheme are same.
(format overleaf)
With warm greetings,
Yours sincerely
Sd/-
(D.S. BHADAURIA)
GENERAL SECRETARY
------------------------------------------------------------------------------------------------------
FORMAT
The General Secretary
All India Central Bank Officers’ Federation
Central Bank Building, 3rd Floor,
M.G.Road, Fort,
Mumbai-400 023
Dear Sir,
Re: Application for A.I.C.B.O.F Meritorious Children Scholarship
My ward has cleared the H.S.C. (XII Standard) Examination of the Board. I am submitting the details:-
1) Full name of the Officer :
(in capital)
2) Designation in the Bank :
3) Place of work (Branch/Office/
Department) :
4) Residential Address :
5) Date of joining the Bank :
6) Full name of the ward (in
Capitals) Mention son/daughter :
7) Date of Birth of the ward :
8) Name and Address of College/
School
9) Year and month of passing
10) In which faculty, examination is
Passed (Arts/Commerce/Science
11) No.of attempts taken for passing H.S.C.
12) Total marks obtained in H.S.C
13) % of marks to total marks
14) Did the child get any other award
for this examination (give details)
Place: (Signature of the Parent)
Date:
(Note: Enclose certified copy of the mark sheet (Xeroxed both side)
Declaration of the Parent
I hereby declare that I am an officer of Central Bank of India working at-------------------------------in Scale------. I also declare that I am a member of CBOA------------- and also a member of the Benevolent Fund Scheme since----------.
(Signature of the Officer)
CERTIFICATE OF THE UNIT OF FEDERATION
It is certified that Mr./Ms.__________________________________________________is a member of the Association and the Benevolent Fund Scheme, and the details given above by the Officer are in order.
Place:
Date:
(SIGNATURE OF GENERAL SECRETARY (CBOA) UNIT
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