:::::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. 014 DATED 28.03.2012


CBOA-AP issued its circular No. 014 dated 28.03.2012 reproducing the circular issued by AICBOF on General Secretary’s visit to Regional Headquarters and the observations on the functioning of Regional Heads of the Regions. We are placing the same here for our readers

CIRCULAR NO.: GS: 2012: 014                              Date: 28.03.2012

TO ALL OFFICERS                                                  PLEASE CIRCULATE

Dear Friends,

We reproduce hereunder the Circular No. CIRCULAR/GS/2012/12 dated 26.03.2012 received from our Federation for your information.

With best regards                                                                      

Yours sincerely
Sd/-
(C.A. MALLIKARJUNA RAO)
GENERAL SECRETARY
………………………................................................................................
“GENERAL SECRETARY’S VISIT TO REGIONAL HEADQUARTERS

It has been decided that the General Secretary of the Federation will visit some of the identified Regional Headquarters of our Bank to meet the officers, to know the problems & suggestions and to apprise them of the latest developments at the Bank and Industry. As a part of the decision, your General Secretary visited the following Regional Headquarters.

1.RAIPUR       –04/03/2012
3. VIJAYAWADA  - 11/03/2012
2. HYDERABAD-10/03/2012
4.  NAGPUR        - 18/03/2012

At the above centers, the meeting of the officers was addressed by the undersigned. The officers attended these meetings in large numbers. This visit has given us a lot of encouragement. The officers in these Regions expressed their strong resentment against the unconcerned approach of the Regional management. There is a common complaint that the officers are asked to attend office on all Sundays and holidays for the last 4-5 months. How long such a situation can continue? In the process the officers are not able to find any time for their family and house hold requirements.

We are surprised with the following revelation:-

Ø  Single officer mans more than 36 branches in Vijayawada region. By accommodating 23 officers at RO, least importance is being given for the marketing of our products at branches.
Ø  Undesirable deputation and favoritisms to some branches with additional posting of officers even though business mix is less, are being done in Vijayawada Region.
Ø  Local rules supersede all the rules and policies of the bank in Vijayawada and Hyderabad regions. Regional Heads are exercising the provision under 5-1 and 5-2 of the norms of transfer of officers without prior approval of CO, undermining the sprit of CO circular IRP/11-12/27 DT 22.10.11.
Ø  Branch Managers are being abused in the meeting. The misbehavior and using unparliamentary language with the BM has increased to dangerous level in Nagpur.
Ø  Single officer mans 91 branches in Nagpur zone. Have the ZH/RH given thought as to how this single officer will run the branch.
Ø  The position in Raipur is alarming. RH is not allowing the Branch managers to sleep, disturbing by late night tele calls. Here also single officer mans 20 branches.

Can such a situation be allowed to be continued? Whenever we meet our top executives, the smiles, empathy and compassion spread by them are not getting percolated down the level. Regional Heads of these regions are blocking the smiles.

We hope the Management will understand the seriousness of the above matters and will take corrective steps immediately.

As decided by our Federation in the recently held EC meeting, senior office bearers will be visiting some of the identified Regional headquarters shortly and after collecting the details, the same would be placed in the ensuing core committee meeting for deciding further course of action.

We still hope, wisdom will prevail on the above Regional Heads.

Warm Greetings.

Thanking you,

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

CBIROWA - AP CIRCULAR NO. 04/2012 DATED 27.03.2012


Central Bank of India Retired Officers’ Welfare Association, Andhra Pradesh has issued its circular No. 4 on formation of All India Bank Pensioners And Retirees Confederation. We are placing the same here for our readers.

CIRCULAR TO ALL RETIREE OFFICERS IN A.P.

NO. 04/2012                                                                                       DATE: 27.03.2012

We reproduce hereunder the Circular No. 33 dated 20.03.2012 received from AIBOC on the formation of All India Pensioners and Retirees Confederation for your information. All are requested to furnish their E-mail Ids along with their mobile numbers.

With greetings,

Yours sincerely
Sd/-
(K. PRABHAKAR)
GENERAL SECRETARY
           
ALL INDIA BANK PENSIONERS AND RETIREES CONFEDERATION FLAGGED OFF - AN HISTORIC EVENT TOOK PLACE AT NAGPUR 17th MARCH 2012 IS A RED LETTER DAY IN THE HISTORY, OF CONFEDERATION OVERWHELMING RESPONSE FOR CONSOLIDATION OF RETIREES AND PENSIONERS IN
THE BANKING INDUSTRY

17th March 2012 was a memorable day in the life of the Bank Officers’ movement led under the banner of the All India Bank Officers’ Confederation as the flag of the All India Bank Pensioners And Retirees Confederation (AIBPARC) was launched declaring to the world at large that, a grand movement consisting of veterans of the Banking Industry is in the offing and the credit for such a mile stone is that of the AIBOC leadership.

The spacious air-conditioned Hall of Gurunanank Sabhagriha was overflowing with enthusiastic senior comrades who had come from different parts of the country to participate in the historic Foundation Conference of All India Bank Pensioners’ And Retirees’ Confederation, daring the scorching heat in the City of Nagpur.  The Maharashtra State Unit –II of AIBOC had made elaborate arrangements for successful conduct of the Foundation Conference.

Shri.Thomas John, the Superintendent of Police, CBI, Vidharbha and Marathawada, was present to perform the pleasant task of inaugurating the Conference.  He was led to the dais with thundering applause by the large assembly.

Com.P.K.Sarkar, the President of the Confederation chaired the inaugural function of the Foundation Conference accompanied by Com.G.D.Nadaf, the General Secretary of the Confederation, and also Com.B.K. Talware, the President with Com.D.S. Mishra, Secretary of the Maharashtra State Unit – II of AIBOC along with other senior officers of the State Unit.

The function commenced with a soul stirring invocation by Smt. Anuviju and her troupe. The dignitaries on the dais were extended a warm welcome with offering of bouquets by the leaders of the State Unit.  Thereafter, the lighting of the lamp was performed by the Chief Guest along with the other guests on the dais. Com. D.S. Mishra, welcomed the guests, E.C. Members of AIBOC, the delegates and observers.

The august gathering had the gracious presence of our former Presidents and General Secretaries viz Com.S.R.Sengupta, Com.Shantha Raju, Com. A.K. Jana, Com.R.C.Agarwal, Com. V.Eawaran, and Com. Amar Pal, apart from a huge gathering of the serving leaders representing almost all the affiliates of the Confederation.  The gathering also included a large number of Office-bearers of the various Pensioners’ and Retirees’ organizations from the banking industry.

“Nothing more is purposeful than the idea when it comes to our mind itself is a great beginning” quoting from Victor Hugo – Shri.Thomas John declared that it is a wonderful idea for the Confederation to form an all India organization for the welfare of the Pensioners and Retirees in the Banking Industry.  The Retirees are having their own problems and need an umbrella organization to take care of their grievances / problems. Depressions and agony, which are seen in the advanced age is that of the retirees and Pensioners in the country, as they are made to fend for themselves and fight for their rights for a dignified life after their meritorious service in the institutions” declared Shri.Thomas.

He thereafter narrated the various issues that confront the Pensioners and Retirees and desired that the newly floated organization shall take care of their welfare in an effective manner. He was highly appreciative of the efforts of the Confederation when no other organization is thinking in this direction. He wished the Conference and the Confederation all success.

Com.G.D.Nadaf, the General Secretary, delivering his keynote address gave a brief account of the long dawn struggles that were launched by the Confederation to secure the benefit of the 2nd option on Pension which was the star issue in the last bipartite settlement. Now that this major issue has been resolved, the Confederation decided to consolidate the Pensioners and Retirees in the Banking Industry.  He also declared that the Confederation is like an elephant and when it catches momentum, no body can stop its advancement.  There are multiple organizations for the Retirees and the Pensioners in the Banking Industry and they should all come together.  No one river can refuse to join the Ocean and the ultimate fulfillment of a river is to merge with the Sagar.

The Pensioners and Retirees in the Banking Industry have their own problems.  They have limitations as far as agitation is concerned and hence it is the duty of the serving officers’ Confederation to provide them a strong support and all comforts for their past sacrifices and service to the trade union movement.  We want to take up all the major issues with IBA/ Government in an organized manner through the Confederation exclusively set up for the Pensioners and Retirees in the Banking Industry.

It is not the objective of the Confederation to break the smaller unions and associations of Pensioners and Retirees. It is the sincere desire of the Confederation that, we should become one formidable organization to ensure that the issues are taken up with the Government and IBA in the days to come.  The Serving organizations have a well knit infrastructure and resources of men and materials to extend the same in the initial days for the success of the Pensioners’ and Retirees’ movement under the banner of the Confederation. It will be treated like any other wing of the Confederation and hence it can organize itself in an effective manner and stand on its own legs in the days to come. The Confederation will also extend a one time a financial assistance of Rs.10/- lacs to the newly formed Confederation for its organisational activities.

 “AIBOC is known for success and being a majority organization in the banking industry it will move forward in creating yet another era in the banking industry” declared Com.G.D.Nadaf, the General Secretary of the Confederation amidst thunderous applause.

Com.P.K.Sarkar, President, while delivering his address expressed his happiness over the successful concluding of the inaugural session of the Foundation Conference of All India Bank Pensioners’ And Retirees’ Confederation. He was of the view that, the Pensioners’ and Retirees’ organizations all over the country should come together and become part and parcel of the Confederation.  After retirement the employees and officers feel that they are like fish out of water and need a strong organization to address their genuine problems.  There are a number of priorities before the Confederation.  There are important issues such as updation of Pension, improvement in the Family Pension, Medical facilities for the retirees etc., which have to be achieved in the days to come.

The Confederation has thought it fit to float this organization and 17th March 2012 is a Red letter day in the history of our movement as we have now floated this great organization to take care of the problems of the Retirees and Pensioners in the country.  The Confederation will provide all assistance and support to ensure effective consolidation.  An adhoc committee will be set up in the business session which will take care of the future of this Confederation and go ahead with the activities in full scale. The help of the serving organizations is a must for the successful consolidation of the Retirees and Pensioners all over the country and the Confederation is committed to extend the same declared Com.P.K.Sarkar, the President of the Confederation
.
Com. Mahesh Wahi extended a vote of thanks to all the participants and for the successful conclusion of the inaugural session of the Foundation Conference.
Business Session

After the lunch break, the Business Session commenced under the chairmanship of Com. P.K.Sarkar, who advised Com.G.D.Nadaf, the General Secretary of the Confederation to present the report, the draft bylaws, the resolutions and the policy declaration for consideration of the House. The other leaders who were present on the dais included Com.K.D.Khera, General Secretary All India Punjab National Bank Officers’ Association and Advisor of the Confederation, and Com.S..Roy Choudhury, the General Secretary of All India Uco Bank Officers’ Federation and advisor of the Confederation.

Com.G.D.Nadaf, presented an exhaustive report covering the current scenario in the banking industry and the country as a whole.  Thereafter he concentrated on the issues concerning the Pensioners and the Retirees in the Banking Industry, the efforts of the Confederation in ensuring the 2nd option on Pension and the long drawn struggle of the workforce in this direction.  He also exhaustively dealt with the intricacies of the problems of the Pensioners and Retirees in the Banking Industry, major issues confronted by them, the problems of the family pensioners, pre 1986 Retirees, VRS optees, etc and the need for a well designed medical scheme for the benefit of the retirees and the future scenario for the retirees in the banking industry.  He also focused on the issue of the 10th bipartite negotiations and the need for clinching all the major issues on priority in view of the drastic changes that are being introduced in the banking industry which include the superannuation benefits.

After the presentation of the Report there was a lively debate on the Report, the by-law of the Confederation, the Resolutions etc., by the delegates who had assembled in large number.  More than 25 members participated in the debate and provided a valuable insight to the problems of the Pensioners and Retirees in the banking industry.

Senior comrades viz., S.R.Sengupta, Com.R.C.Agarwal, Com.A.K.Jana, and Com.Shantha Raju, the former Presidents and General Secretaries of the Confederation addressed the meeting and shared their valuable suggestions on the occasion while wishing the movement a grand success.

Com.G.D.Nadaf, the General Secretary replying to the debate assured the house that all efforts will be made to make the Confederation strong and the Pensioners and Retirees Organizations which are outside the movement will be brought under the Confederation through effective persuasion.  The Confederation will extend all support for the success of the new Wing of the Confederation and he expressed his confidence that the Pensioners’ and Retirees’ Confederation floated by AIBOC shall become a majority organization very soon.

Thereafter, an ad-hoc committee was constituted under the joint Convenorship of Com.S.R.Sengupta and Com.Shantha Raju, the senior veterans of the movement. The adhoc Committee will work to consolidate Pensioners and Retirees, bank wise to enable them to seek affiliation with the Confederation. Thereafter a full fledged committee will be formed.  The full details of the Ad-hoc committee, which consists of the representatives of all the organizations, will be circularized in due course.

The Conference concluded with a vote of Thanks by Com.Harvinder Singh, the General Secretary of the Federation of Bank of India Officers Associations.

Comrades, an eventful and memorable occasion concluded with alround happiness amidst thunderous applause and the slogans that rent the hall heralding the birth of the All India Bank Pensioners and Retirees Confederation (AIBPARC).  We are committed to take this organization to greater heights in the shortest time possible to enable us to resolve the major issues confronting the Pensioners and Retirees in the Banking Industry.

Let us re- dedicate ourselves to serve the cause of the Pensioners and Retirees who were our senior comrades and responsible for building a wonderful trade union movement with  good service conditions over the years.

With revolutionary greetings,
Sd/-
(G.D.NADAF)
GENERAL SECRETARY

CENTRAL BANK HOPEFUL OF MAINTAINING NET INTEREST MARGIN AT 2.53 PC IN Q4


The city-based public sector lender Central Bank of India (CBI) is hopeful of maintaining its Net Interest Margin (NIM) at the current level of around 2.53 percent in the current quarter, a top bank official said.

However, the official said the bank may not see drastic changes in the non-performing asset (NPA) quality during January-March quarter.

"Net interest margin will be the maintained (at the same level of the last quarter). But, the NPA level may not see a dramatic change during the current quarter," the official told PTI.

During the last quarter (September-December), the gross NPA of the bank rose to 3.69 percent from 2.34 percent a year earlier. Similarly, its net NPA rose to 2.04 percent from 0.71 percent reported a year ago.

Earlier, the bank had said as it is in the process of monitoring loan accounts up to Rs 5 lakh through the system by March, it may add some fresh slippages in the last quarter. 

However, the official maintained the NPA level would begin to come down from the first quarter of the next fiscal. "The NPA movement will stabilise and start coming down from the first quarter of next financial year." 

The public sector bank posted a 72 per cent drop in its net profit to Rs 113.24 crore in the third quarter against Rs 404 crore a year ago. Its total income grew 21.9 percent to Rs 5,099 crore during the period.

“CENTRAL BANK OF INDIA IN ASSOCIATION WITH ANGEL BROKING LAUNCH CENT-E-TRADE” - THE THREE-IN-ONE ONLINE SHARE TRADING FACILITY


Central Bank of India, one of the leading public sector banks in India and Angel Broking, India’s premium broking house today launched an Exclusive Three in-One Online Share Trading Facility for the bank's customers. Customers will be given a 3 in One Account which will include a Savings Bank Account, a Demat Account and a Trading Account. The central theme of the solution is to make it easy for Central Bank of India customers to trade online, and manage all the three accounts i.e. Deposit, Demat and Trading with a single online interface on a real time basis.

The solution has been customized to meet the needs of customers across all segments providing a robust online trading platform offering the best of the features. The customer can opt for one or more of the following segments: Equities, Futures & Options, Exchange Traded Currency Derivatives and Commodities, on the single platform. The platform also allows access to multiple exchanges, namely BSE, NSE, NCDEX, MCX, and MCX-SX.

Announcing the Launch, Shri M. V. Tanksale Chairman & Managing Director – Central Bank of India said, “Bank has a formidable presence in length and breadth of the Country; service a large customer base of over 35 million. This is another tech savvy product from the bank for retail customers, particularly younger generation. Angel Broking is also quite popular brand as a retail broking entity. The Three-in-One Online Trading facility being offered to the Bank customers in association with Angel Broking, now opens opportunity to buy/sell shares in hassle free manner. Indian Equity Market may be one of the best performers in terms of returns. However, the so called Equity cult is yet to penetrate in the country as number of equity investors is just 2% of total population. Maharashtra & Gujarat accounting more than 60% of Investors. Total number of DP Account holder (NSDL+CDSL) is 1, 99, 36,775 which is 1.65%
of the population.

Incentive given for Equity Investment upto Rs.50, 000/- for Tax concession under Budget 2012-13 Proposal is also another buster for increasing potential investors. We are launching the On-line Trading Product “Cent-e-Trade” at most appropriate time when the Capital Market is looking up and fiscal incentive declared by GOI.

The Capital Market Services Branch, opened on 02.02.2012 is the Nodal/Controlling Branch for various Capital Market Products like Demat, ASBA, Clearing Bank to Stock Exchanges, Credit facilities to Brokers etc.  
Mr. Dinesh Thakkar, Chairman & Managing Director- Angel Broking said “We are indeed proud to get associated with the Central Bank of India as their partners to offer seamless on-line trading platform to their customers. With our state of art Trading Platform, the bank’s customers will be able to trade across Equities, Futures & Options, Exchange Traded Currency Derivatives and Commodities with total transparency in their deals undertaken across Exchanges.

Vinay Agrawal (Executive Director – Equity Broking, Angel Broking) adds, “Our mission is to provide the best of products and services to help customers build wealth through investment in equity.

Shri R.K.DUBEY, ED- Central Bank Of India Introduced the product to the gathering present on the occasion.Further he informed that around 25% of total Trades being executed through On-Line Mode. This indicates, there ample opportunity/scope for increasing number of Equity Investors, Demat Account Holders and Trading through On-Line Mode

Mrs.V.R.IYER (ED-CENTRAL BANK) proposed vote of thanks and was sure that this association will be a win-win situation for all the three i.e.customers/angel broking and central bank.

AVOID SHARP DIFFERENCE IN RATES ON SIMILAR TERM DEPOSITS: RBI TO BANKS


RBI has asked banks to avoid offering sharply different rates on deposits with similar maturities, saying that something is wrong with lenders if their retail and bulk deposit rates vary too much.

"If it (the difference between retail and bulk deposit rates) varies too much, then there is something wrong," Reserve Bank Deputy Governor K C Chakrabarty said.

He asked banks to discourage moves to offer sharply different rates on deposits with very little differences in maturities.

Banks offer higher rates for bulk deposits to shore up their balance sheets, say industry observers. A 3-month deposit attracts as much as 11 per cent, while a similar tenure retail deposit gets around 7 per cent only.

Chakrabarty was talking on the sidelines of a function organised by the Centre for Advanced Financial Research and Learning (Cafral) here yesterday.

AIBOC CIRCULAR NO. 34 DATED 24.03.2012


AIBOC issued its circular No. 34 dated 24.03.2012 on UFBU meeting held at Mangalore. We are placing the same here for our reading.

CIRCULAR NO. 34                                                           24, March 2012

TO ALL AFFILIATES/MEMBERS:

UFBU MEETING HELD AT MANGALORE

We reproduce here under the text of UFBU Circular No.1, dated 24th March 2012, the contents of which is self-explicit.

With greetings,
Sd/-
(G.D. NADAF)
General Secretary

TEXT

A meeting of the UFBU was held today in Mangalore, Karnataka.  Com. Sunil Deshpande, General Secretary, NOBO presided over the meeting.

The meeting discussed various important agenda concerning the issues confronting the bank employees and officers like Government’s continuing their attempt to go ahead with banking reform policies, measures like outsourcing of regular jobs and extending banking services through private business correspondents, imposition of various recommendations of Khandelwal Committee Report and issuance of unilateral guidelines by Government on service conditions affecting the bank employees and officers, undue delay in settlement of our important pending issues like implementation of revised compassionate appointment/financial compensation scheme, introduction of 5 day banking, regulated working hours, improvements in pension scheme on the lines of Government employees’ scheme and other pension related matters, etc.  After detailed deliberations, the meeting decided that agitational actions should be undertaken by UFBU.  Details of the decision and programmes will be issued in a separate circular.

NEW CONVENER:

The meeting elected COM. G.D. NADAF, General Secretary of AIBOC as Convener of UFBU in the place of Com. C.H. Venkatachalam.

Address for communication:

Com. G.D. Nadaf, Convener, United Forum of Bank Unions
C/o All India Bank Officers Confederation,
State Bank Buildings,  St. Marks Road, Bangalore-560001

Email address
gdnadaf77@ yahoo.com,     aiboc@indiatimes.com
PHONE NO.
DIRECT: 080-22211006,        OFFICE: 080-22270619
FAX NO.
080- 22214959 / 956
MOBILE NO.
94481 24777

With greetings,                                             
Yours comradely,
Sd/-
G.D. NADAF
CONVENER 

AIBOC CIRCULAR NO. 33 DATED 20.03.2012


AIBOC issued its circular No. 33 dated 20.03.2012 on the launching of All India Bank Pensioners And Retirees Confederation. We are placing the same here for our readers.

CIRCULAR NO. 33                                                      DATE: 20.03.2012

TO ALL AFFILIATES /MEMBERS:

ALL INDIA BANK PENSIONERS AND RETIREES CONFEDERATION FLAGGED OFF - AN HISTORIC EVENT TOOK PLACE AT NAGPUR 17th MARCH 2012 IS A RED LETTER DAY IN THE HISTORY, OF CONFEDERATION OVERWHELMING RESPONSE FOR CONSOLIDATION OF RETIREES AND PENSIONERS IN THE BANKING INDUSTRY

17th March 2012 was a memorable day in the life of the Bank Officers’ movement led under the banner of the All India Bank Officers’ Confederation as the flag of the All India Bank Pensioners And Retirees Confederation (AIBPARC) was launched declaring to the world at large that, a grand movement consisting of veterans of the Banking Industry is in the offing and the credit for such a mile stone is that of the AIBOC leadership.

The spacious air-conditioned Hall of Gurunanank Sabhagriha was overflowing with enthusiastic senior comrades who had come from different parts of the country to participate in the historic Foundation Conference of All India Bank Pensioners’ And Retirees’ Confederation, daring the scorching heat in the City of Nagpur.  The Maharastra State Unit –II of AIBOC had made elaborate arrangements for successful conduct of the Foundation Conference.

Shri.Thomas John, the Superintendent of Police, CBI, Vidharbha and Marathawada, was present to perform the pleasant task of inaugurating the Conference.  He was led to the dais with thundering applause by the large assembly.

Com.P.K.Sarkar, the President of the Confederation chaired the inaugural function of the Foundation Conference accompanied by Com.G.D.Nadaf, the General Secretary of the Confederation, and also Com.B.K. Talware, the President with Com.D.S. Mishra, Secretary of the Maharastra  State Unit – II of AIBOC along with other senior officers of the State Unit.

The function commenced with a soul stirring invocation by Smt. Anuviju and her troupe. The dignitaries on the dais were extended a warm welcome with offering of bouquets by the leaders of the State Unit.  Thereafter, the lighting of the lamp was performed by the Chief Guest along with the other guests on the dais. Com. D.S. Mishra, welcomed the guests, E.C. Members of AIBOC, the delegates and observers.

The august gathering had the gracious presence of our former Presidents and General Secretaries viz Com.S.R.Sengupta, Com.Shantha Raju, Com. A.K. Jana  Com.R.C.Agarwal, Com. V.Eawaran, and Com. Amar Pal, apart from a huge gathering of the serving leaders representing almost all the affiliates of the Confederation.  The gathering also included a large number of Office-bearers of the various Pensioners’ and Retirees’ organizations from the banking industry.

“Nothing more is purposeful than the idea when it comes to our mind itself  is a great beginning” quoting from Victor Hugo – Shri.Thomas John declared that it is a wonderful idea for the Confederation to form an all India organization for the welfare of the Pensioners and Retirees in the Banking Industry.  The Retirees are having their own problems and need an umbrella organization to take care of their grievances / problems. Depressions and agony, which are seen in the advanced age is that of the retirees and Pensioners in the country, as they are made to fend for themselves and fight for their rights for a dignified life after their meritorious service in the institutions” declared Shri.Thomas.

He thereafter narrated the various issues that confront the Pensioners and Retirees and desired that the newly floated organization shall take care of their welfare in an effective manner. He was highly appreciative of the efforts of the Confederation when no other organization is thinking in this direction. He wished the Conference and the Confederation all success.

Com.G.D.Nadaf, the General Secretary, delivering his keynote address gave a brief account of the long dawn struggles that were launched by the Confederation to secure the benefit of the 2nd option on Pension which was the star issue in the last bipartite settlement. Now that this major issue has been resolved, the Confederation decided to consolidate the Pensioners and Retirees in the Banking Industry.  He also declared that the Confederation is like an elephant and when it catches momentum, no body can stop its advancement.  There are multiple organizations for the Retirees and the Pensioners in the Banking Industry and they should all come together.  No one river can refuse to join the Ocean and the ultimate fulfillment of a river is to merge with the Sagar.

The Pensioners and Retirees in the Banking Industry have their own problems.  They have limitations as far as agitation is concerned and hence it is the duty of the serving officers’ Confederation to provide them a strong support and all comforts for their past sacrifices and service to the trade union movement.  We want to take up all the major issues with IBA/ Government in an organized manner through the Confederation exclusively set up for the Pensioners and Retirees in the Banking Industry.

It is not the objective of the Confederation to break the smaller unions and associations of Pensioners and Retirees. It is the sincere desire of the Confederation that, we should become one formidable organization to ensure that the issues are taken up with the Government and IBA in the days to come.  The Serving organizations have a well knit infrastructure and resources of men and materials to extend the same in the initial days for the success of the Pensioners’ and Retirees’ movement under the banner of the Confederation. It will be treated like any other wing of the Confederation and hence it can organize itself in an effective manner and stand on its own legs in the days to come. The Confederation will also extend a one time a financial assistance of Rs.10/- lacs to the newly formed Confederation for its organisational activities.

“AIBOC is known for success and being a majority organization in the banking industry it will move forward in creating yet another era in the banking industry” declared Com.G.D.Nadaf, the General Secretary of the Confederation amidst thunderous applause.

Com.P.K.Sarkar, President, while delivering his address expressed his happiness over the successful concluding of the inaugural session of the Foundation Conference of All India Bank Pensioners’ And Retirees’ Confederation. He was of the view that, the Pensioners’ and Retirees’ organizations all over the country should come together and become part and parcel of the Confederation.  After retirement the employees and officers feel that they are like fish out of water and need a strong organization to address their genuine problems.  There are a number of priorities before the Confederation.  There are important issues such as updation of Pension, improvement in the Family Pension,   Medical facilities for the retirees etc., which have to be achieved in the days to come.

The Confederation has thought it fit to float this organization and 17th March 2012 is a Red letter day in the history of our movement as we have now floated this great organization to take care of the problems of the Retirees and Pensioners in the country.  The Confederation will provide all assistance and support to ensure effective consolidation.  An adhoc committee will be set up in the business session which will take care of the future of this Confederation and go ahead with the activities in full scale. The help of the serving organizations is a must for the successful consolidation of the Retirees and Pensioners all over the country and the Confederation is committed to extend the same declared Com.P.K.Sarkar, the President of the Confederation.

Com. Mahesh Wahi extended a vote of thanks to all the participants and for the successful conclusion of the inaugural session of the Foundation Conference.

Business Session
After the lunch break, the Business Session commenced under the chairmanship of Com.P.K.Sarkar, who advised Com.G.D.Nadaf, the General Secretary of the Confederation to present the report, the draft bylaws, the resolutions and the policy declaration for consideration of the House.   The other leaders who were present on the dais included Com.K.D.Khera, General Secretary All India Punjab National Bank Officers’ Association and Advisor of the Confederation, and Com.S..Roy Choudhury, the General Secretary of All India Uco Bank Officers’ Federation and advisor of the Confederation.

Com.G.D.Nadaf, presented an exhaustive report covering the current scenario in the banking industry and the country as a whole.  Thereafter he concentrated on the issues concerning the Pensioners and the Retirees in the Banking Industry, the efforts of the Confederation in ensuring the 2nd option on Pension and the long drawn struggle of the workforce in this direction.  He also exhaustively dealt with the intricacies of the problems of the Pensioners and Retirees in the Banking Industry, major issues confronted by them, the problems of the family pensioners, pre 1986 Retirees, VRS optees, etc and the need for a well designed medical scheme for the benefit of the retirees and the future scenario for the retirees in the banking industry.  He also focused on the issue of the 10th bipartite negotiations and the need for clinching all the major issues on priority in view of the drastic changes that are being introduced in the banking industry which include the superannuation benefits.

After the presentation of the Report there was a lively debate on the Report, the by-law of the Confederation, the Resolutions etc., by the delegates who had assembled in large number.  More than 25 members participated in the debate and provided a valuable insight to the problems of the Pensioners and Retirees in the banking industry.

Senior comrades viz., S.R.Sengupta, Com.R.C.Agarwal, Com.A.K.Jana, and Com.Shantha Raju, the former Presidents and General Secretaries of the Confederation addressed the meeting and shared their valuable suggestions on the occasion while wishing the movement a grand success.

Com.G.D.Nadaf, the General Secretary replying to the debate assured the house that all efforts will be made to make the Confederation strong and the Pensioners and Retirees Organizations which are outside the movement will be brought under the Confederation through effective persuasion.  The Confederation will extend all support for the success of the new Wing of the Confederation and he expressed his confidence that the Pensioners’ and Retirees’ Confederation floated by AIBOC shall become a majority organization very soon.

Thereafter, an ad-hoc committee was constituted under the joint Convenorship of Com.S.R.Sengupta and Com.Shantha Raju, the senior veterans of the movement. The odhoc Committee will work to consolidate Pensioners and Retirees, bank wise to enable them to seek affiliation with the Confederation. Thereafter a full fledged committee will be formed.  The full details of the Ad-hoc committee, which consists of the representatives of all the organizations, will be circularized in due course.

The Conference concluded with a vote of Thanks by Com. Harvinder Singh, the General Secretary of the Federation of Bank of India Officers Associations.

Comrades, an eventful and memorable occasion concluded with alround happiness amidst thunderous applause and the slogans that rent the hall heralding the birth of the All India Bank Pensioners and Retirees Confederation (AIBPARC).  We are committed to take this organization to greater heights in the shortest time possible to enable us to resolve the major issues confronting the Pensioners and Retirees in the Banking Industry.

Let us re- dedicate ourselves to serve the cause of the Pensioners and Retirees who were our senior comrades and responsible for building a wonderful trade union movement with good service conditions over the years.

With revolutionary greetings,
Sd/-
(G.D. NADAF)
GENERAL SECRETARY

CBOA-AP CIRCULAR NO. 13 DATED 24.03.2012


CBOA-AP issued its circular No. 13 dated 24.03.2012 reproducing the circular issued by AICBOF on its Executive Committee Meeting held at Goa. We are placing the same here for our readers.

CIRCULAR NO.: GS: 2012: 013                                                    Date: 24.03.2012

TO ALL OFFICERS                                                                         PLEASE CIRCULATE

Dear Friends,

We reproduce hereunder the Circular No. CIRCULAR/GS/2012/11 dated 19.03.2012 received from our Federation for your information.

With best regards                                                                   

Yours sincerely
Sd.-
(C.A. MALLIKARJUNA RAO)
GENERAL SECRETARY
……………………….............................................................................

“EXECUTIVE COMMITTEE MEETING OF
OUR FEDERATION AT GOA

The executive committee meeting of our Federation took place at GOA on 15th and 16th March 2012.  The arrangements made by the host unit were austere, simple and worth emulating.  The deliberations of the meeting which lasted for 2 days were involved and animated.  Leaders representing different units of the Federation participated in the meeting with total conviction and commitment and aired their views in a free and frank, and at the same time responsible manner.

The General Secretary’s report to the committee dealt with at length all important developments at the industry as well as at our Bank’s level.  The committee also noted with concern the none-too encouraging performance of our Bank for the quarter ended Dec-2012 in comparison with the performance of some of the peer Banks.  Citing reference to the appeal made by our CMD, vide the message dated 3rd Feb 2012, the committee laid emphasis on our role in appealing our members for the impending and urgent need for recovery of NPAs which has affected our Bank’s image considerably.

The committee inter-alia deliberated at length on the following issues:-

  1. Focus on HR related matters in our Bank.
  2. Residual issues of 9th Bi-partite – like updation / upgradation of pension, commercial Bank allowance of Rs.5000/- be paid to all officers as available in RBI, Pension at 50% of last drawn basic pay without linking to number of years of service, improvement in commutation formula at 40% of basic pension, payment of Family pension at enhanced rate for first 10 years, Five day week/regulated working hours to officers, Insurance covering the lending risks, setting up of an exclusive CAT for Bank officers, etc.
  3. Dr. Khandelwal committee report
  4. Based on the communication received from the Govt, PPO was revised in our Bank unilaterally overlooking the need for Bi-partite discussion with our Federation.
The committee also unanimously decided to focus all important issues concerning our Bank in the ensuing joint discussions. Based on the discussions/deliberations held in the meeting the following agenda incorporating all the below listed issues was submitted to our Corporate Office:-

  1. Staffing pattern to the branches – more than 1208 branches throughout the country manned by single officer only.
  2. Upward revision in rental ceilings under RFA.
  3. Reduction in rate of interest chargeable in staff loans.
  4. Need for holding of Joint discussion at regular intervals – some of our ROs and ZOs are not holding the discussions.
  5. Implementation of Govt guidelines on transfer of Officers working in North Eastern States.
  6. Provision of Mobile Phone to Branch Managers.
  7. Urgent need to replace the Hardwares supplied in Phase-I.
  8. Introduction of Biometric data of Thumb impression to replace the Password system to avoid misuse.
  9. Revision in the existing transfer policy.
  10. Staff accountability policy to be devised, protecting the business decisions of the Branch Managers.
  11. Supply of set of documents to be executed.
  12. Reintroduction of rest period to the Internal Auditors.
  13. Unilateral recategorization of Branches without discussing with the majority organization.
  14. The income tax on the cost of Gold coin should be borne by the Bank.
Friends, we will keep you posted of the developments in due course.

Let us march together hand in hand with fusion of our hearts and minds to realize our dreams, hopes and aspirations.

Thanking you,

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

OMISSION IN INQUIRY AGAINST AN EMPLOYEE TO BE RELOOKED BY SAME INQUIRY OFFICER: COURT


If the inquiry officer finds no evidence against charges made against an employee and thus exonerates him, the employer cannot appoint another inquiry officer on the ground that the first officer was remiss in his discharge of his duty as an inquiry officer, held the Gauhati High Court.

The High Court in Boa Penji vs State Bank of India reiterated this golden rule laid down by the Apex Court in a catena of cases.

The anxiety of the courts is to guard against the likely prejudice to the employee on dock given the fact that the new inquiry officer might seek to curry favour with his employer by proving the first officer wrong.

The employer, however, can ask the same inquiry officer to go into issues that had escaped his attention while exonerating.

GOVT TO PUMP RS 12,000 CR ADDITIONAL EQUITY INTO 7 PUBLIC SECTOR BANKS


The Finance Ministry has formally notified recapitalisation of State Bank of India and six other banks for 2011-12. These seven banks will get a total of Rs 12,000 crore.


Apart from SBI, Indian Overseas Bank, IDBI Bank, Punjab National Bank, Central Bank of India, UCO Bank and Bank of Maharashtra are the other banks which will receive money from the Government, a senior Finance Ministry official said. A formal notification to this effect was issued on Friday.

The Government provided Rs 6,000 crore in the Budget for 2011-12, while another Rs 6,000 crore was made available through the third supplementary demands for grants tabled in the Parliament on March 19. This additional capital will help the banks maintain a Capital to Risk Asset Ratio (CRAR) of 8 per cent.

A healthy CRAR shows financial soundness of the bank. It also helps in improving the competitiveness of the banks. According to Basel-1 norms, banks should have minimum of 8 per cent of Tier-1 capital as CRAR. Tier-1 capital means mainly equity capital and disclosed reserve.

PREFERENTIAL ALLOTMENT
Now with the fresh allocation, banks may go for preferential allotment of equity shares to the extent of amount allocated to them.

SBI has already received the approval of the Government to increase the issued capital of the bank by way of preferential allotment of equity shares to the Government to the extent of Rs 7,900 crore. It said with the additional capital, capital adequacy is projected to reach 9.01 per cent on March 31, 2012.

The Government says it is ready to help banks in maintaining CRAR of Tier-1 capital at 8 per cent.

With this aim, even in the Budget for 2012-13, the Finance Minister, Mr Pranab Mukherjee, said, “The Government is committed to protecting the financial health of public sector banks and financial institutions.

“For the year 2012-13, I propose to provide Rs 15,888 crore for capitalisation of public sector banks, regional rural banks and other financial institutions, including Nabard.” 

GOVT MULLS SETTING UP DEDICATED CADRE FOR FINANCIAL SERVICES


The Centre is toying with the idea of setting up a dedicated financial services cadre, that could be deployed in various administrative and regulatory organisations related to the financial sector.

This could help address the human resource problems faced by various segments of the financial sector, especially those regulatory institutions overseeing the banks and the capital market.

TRAINING
A financial services cadre of, say, 1,000 professionals could be set up and provided with intensive training and global experiences on financial markets.

Its personnel could be posted in regulatory agencies such as SEBI, the RBI and also in, the Finance Ministry and rotated among these organisations, Mr R. Gopalan, Economic Affairs Secretary, suggested at a Future of Financial Markets (FOFM) event, organised by the Financial Technologies Group in the Capital.

LACK OF SKILLED MANPOWER
There is a lack of skilled manpower to oversee the growing financial sector and a concerted effort must be made to build capacity for the coming years, he noted.

CONSUMER PROTECTION
Mr Gopalan also underscored the need for a better legal framework for consumer protection, stating that the emphasis should be more on prevention rather than redressal of grievances.

Time and again, the Government has relied on the Indian Administrative Service (IAS) cadre to fill the vacancies at the top positions of various regulatory agencies.