AIBOC CIRCULAR NO. 44 ON THE PRESENTATION MADE BEFORE DR. A.K. KAHNDELWAL COMMITTEE

AIBOC issued its circular No. 44 on the presentation made by them before Dr. A.K. Khandelwal Committee on HR issues of Public Sector Banks. We are reproducing the same here for our readers.

CIRCULAR NO.44                                                         08.04.2010

TO ALL AFFILIATES/MEMBERS:

CONFEDERATION MAKES IT PRESENTATION BEFORE DR.A.K.KHANDELWAL COMMITTEE ON HR ISSUES OF PUBLIC SECTOR BANKS

The Government of India has appointed a Committee under the Chairmanship of Dr.A.K.Khandelwal on HR Issues of Public Sector Banks.  The Committee is reported to have met several executives of the Banks and have got the views of the Managements of those banks, of course with no involvement of our representatives to give their version of the requirements in the area of HR related issues.

The Committee consisted of the following members:-

Dr.A.K.Khandelwal, former CMD, Bank of Baroda – Chairperson

Dr. T.V.Rao, Adjunct Professor, IIM-Ahmedabad

Dr.Deepak Phatak, Professor of IT, IIT, Mumbai

Shri. M.V.Nair, Chairman, IBA & CMD, Union Bank of India

Shri. H.N.Sinor, former CE, IBA (co-opted by the Chairperson)

The terms of reference of the Committee are as follows:-

1. present status of HR in Public Sector Banks;

2. how to professionalise HR in Public Sector Bank

Issues and Action plan contemplated by the Committee:

a)    recruitment planning

b)    in-service development including career planning and training

c)     motivation and engagement of employees

d)    performance assessment and linked incentives

e)    succession planning and grooming of leaders for public sector banks

The Indian Banks’ Association invited the representatives of the Confederation to appear before the Committee on 7^th April 2010, at Mumbai for making a presentation on behalf of the Confederation.

The team of the Confederation was led by Com.G.D.Nadaf, General Secretary, accompanied by Com. P.V.Mathew, Vice President.  After exchange of normal courtesies and pleasantries, Com.G.D.Nadaf, the General Secretary of the Confederation made a very exhaustive presentation giving our views on the various issues referred to in the terms of reference as also the Action Plan that are being contemplated by the Committee.  The Committee after giving a patient hearing and seeking clarifications and elucidation on various points made by the Confederation agreed to keep the views of the Confederation which represents more than 90% of the membership of the Bank Officers’ fraternity all over the country.

Comrades, the Confederation has been in the forefront demanding a revamping of the existing HR policies in the Banks keeping in tune with the expectations and the aspirations of the rank and file across the country coupled with the changes that are taking place in the banking industry in the last 2 decades in the name of reforms in the financial sector.  The Note submitted gives a comprehensive view of the Confederation of the various major issues connected with the HR policies.

The Committee appreciated the constructive and positive manner in which the presentation was made by the representatives of the Confederation and we are hopeful that the views of the Confederation for improvement of the HR policies will be considered by the Committee positively.

We have also sought further time and opportunity to have a threadbare discussion on each and every aspect of the terms of reference given to the Committee so that the Pubic Sector Banks will continue to retain their present premier position in the banking industry at the same time taking care of the welfare of the workforce in the industry.

We note to keep you advised of further developments in the matter.

A copy of the Memorandum along with the letter received from the IBA will be circulated separately.

With greetings,

Sd/-

(G.D. NADAF)

GENERAL SECRETARY