AIBOC CIRCULAR NO. 87 DATED 20.09.2011

AIBOC issued its circular No. 87 dated 19.09.2011 on the 21st Triennial Conference of Indian Overseas Bank Officers’ Association. We are reproducing herewith the same for our readers.

CIRCULAR NO.87                                                      DATE: 20.09.2011

TO ALL AFFILIATES/MEMBERS:

21ST TRIENNIAL CONFERENCE OF INDIAN OVERSEAS BANK OFFICERS’ ASSOCIATION

A grand gala Inaugural Session of the 21st Triennial Conference of Indian Overseas Bank Officers’ Association was held at the  prestigious Chennai Trade Centre , Nandambakkam, on Saturday th 17th September 2011 at 5pm. The beautifully and tastefully decorated hall was jam packed with enthusiastic delegates, observers and invitees. There was a huge crowd outside the hall also to watch the programme on the  video screens. More than 4600 comrades had thronged the venue and  enjoyed the session with rapt  attention. The massive gathering created a festive atmosphere  all around. The guests were welcomed with slogans of “IOBOA Zindabad” ‘AIBOC Zindabad” which rent the air and the skyline of Chennai was filled with the aura of the festivities.

The programme commenced with mellifluent  invocation , followed by lighting the lamp by the dignitaries on the dais. Shri C. Rangarajan, General Manager , who was the Chairman of the Reception Committee extended a hearty welcome to the guests and invitees. The entire programme was webcast    through the  Web Site which enabled the officers and well wishers  spread throughout the world,  who could not make it to the conference venue, to observe the   proceedings live. Thus IOBOA exhibited their tech -savvyness.

Com. J.D.Sharma , President  of the Association  in his presidential address highlighted on the ill  effects  of privatisation , liberalisation and globalisation policy  pursued by the Government of India. The increasing trend in  outsourcing is causing loss of job opportunities and exploitation of the cheap  labour . The compassionate appointment scheme is denied in the banking industry , which  is prevalent  in the other industries including the Public Sector undertakings and it is totally unjust on the part of IBA and the Government to deny it to employees /officers in the Public Sector Banks, said Com.Sharma, amidst loud applause.

Shri M.Narendra, CMD of the Bank was the Chief Guest . He showered abundant appreciation on the Staff and Association for enabling the Bank to improve its ranking from 11th to 7th position. He narrated the slogan of the Bank, ie.  “Touching the Hearts, Spreading the Smile “ and  ‘CASA to VISA’. He appealed to the Officers  to aim at improving the ranking of the Bank to number 5 among the Public Sector Banks, reduction of NPA portfolio substantially  and enlarging the bottom line to Rs.5000/- crores. He said that HR are an important Assets of the Bank.  He also acknowledged the contribution of the staff, in the Bank securing   awards under  Microfinance  and SSI financing . He wished the conference all success.

Com. G.D.Nadaf , General Secretary of AIBOC, delivered the key note address. He said that, globalisation has made the rich   richer and the poor   poorer. The outsourcing policy is not suitable to the banking industry . The Confederation, through its stiff opposition against the Government’s moves has been  successful in stopping privatisation  of the public sector banks and   saving the Public Sector Banks from the worst ever  financial crisis in the wake of global meltdown.  Public Sector Banks are rendering yomen service to the country . The Confederation stands for service to the common man and eradication  of corruption in the society . We stand for probity in public life, declared Com. Nadaf amidst thunderous applause by the audience.

He also narrated the contributions of the Confederation in securing 2nd option on pension, with 17.5% increase in salary and allowances in the 9th Bipartite. The residual issues of the 9th bipartite such as, regulated working hours, 5 day week, compassionate appointments, staff loans, proper implementation of 2nd option on pension etc., have to be achieved, before commencement of negotiations for the 10th Bipartite. The updation of pension is to be taken up with the Government and IBA with all the force at our command. He emphasized the need for standing united in our struggle against the forces inimical to the officers’ movement. He wished the conference all success and hoped that there would be meaningful and fruitful discussions on all the issues confronted by the officers’ community.  

Com. K.Ananda Kumar the General Secretary, IOBOA, in his address, while sharing the success story of the Association in securing better perquisites, appealed to the officers to rise to the occasion in achieving the set goals of the Bank. He declared that, the officers in the Bank have always shared the corporate vision of the Bank and through their collaborative approach, the officers have contributed immensely for the concerted growth of the Bank. Thus the officers of the Bank have a legitimate share in the prosperity of the Institution. He thanked the management for improving the welfare measures in the Bank.

Com. L.Balasubramnian, President IOBEU, addressing the gathering identified the priority areas for the ensuing 10th Bipartite Settlement such as decent wage hike, congenial working conditions, career progression etc. The need of the hour, he declared emphatically, is unity among the work force at the Industry level, for waging a united struggle to clinch the issues.  He paid rich tributes to the IOBOA and its  matured  leadership in extending  support to the Confederation in all its campaigns.

Smt. Nupur Mitra and Sri. A.K. Bansal, Executive Directors, spoke on the occassion.  Com. S. Srinivasan, General Secretary, AIOBEU spoke and extended his fraternal greetings to the Conference.  On the occasion many awards were distributed and Books on “Rights and Duties,” “Crusader” were released.

The programme concluded with vote of thanks by Com. Vijaya Senan.

Comrades it was one of the best organised and well attended Conferences of the Association which received lot of appreciation by the mammoth gathering.  The programme received wide publicity through print and electronic media.

Com. J.D. Sharma and Com. K. Ananda Kumar have been reelected as President and General Secretary respectively for the triennial period 2011-2014. We congratulate and wish them and their new team of office bearers all  the best  in their future  endeavors.

With greetings

Sd/-

(G.D. NADAF)

GENERAL SECRETARY