CBOA-AP issued its circular No. 002 dated
20.01.2014 reproducing the AICBOF circular on Negotiations with IBA and also on
the Role of Branch Managers in our Bank. We are placing the same here for our
readers.
CIRCULAR NO.: GS: 2014: 002 Date: 20.01.2014
TO ALL
OFFICERS PLEASE
CIRCULATE
Dear Friends,
We reproduce hereunder the Circular No.
CIRCULAR/GS/2014/02 dated 18.01.2014 received from our Federation for your
information.
With best regards
Yours sincerely
Sd/-
(C.A.
MALLIKARJUNA RAO)
GENERAL
SECRETARY
...........................................................................................................
IBA
IMPROVED THEIR INITIAL OFFER FROM 5% TO 9.5%
NEXT
ROUND OF NEGOTIATIONS ON 27TH JANUARY, 2014
STRIKE
ON 20TH AND 21ST JANUARY 2014 DEFERRED
We furnish
hereunder the communication received from our Confederation for the information
of all officers.
“IBA invited the UFBU for discussions and the
bipartite talks were held on 17th Jan 2014, at Mumbai in the office
of IBA. UFBU was represented by the representatives of all the constituent
unions.
During the discussions held and after
protracted negotiations, IBA finally agreed to improve their earlier initial
offer of 5% on cost of Pay slip components (which amounted to Rs. 1575 crores)
to 9.5 % (amounting to around Rs. 3000 crores) which is exclusive of retirement
benefits and other costs. The IBA also reiterated that they would expedite the
negotiations and conclude the Settlement by June, 2014. IBA further informed
that the next round of negotiations will be held on 27th January, 2014.
While
explaining the rationale behind the charter of demands, UFBU pointed out that our
offer needs to be further enhanced before we can reach any finality. However,
looking to their improved offer and assurance to expedite the settlement, it
was decided to defer our agitational programmes and proposed strike action on
20th and 21st January, 2014.
We congratulate all our members all over the
country for their enthusiastic preparation for the strike which has resulted in
the above outcome.
Further developments will be informed after
the next round of negotiations. In the meantime, it is necessary to maintain
our unity and preparedness which alone can guarantee accomplishment of our
demands”
LOOK BEFORE YOU LEAP
“Look before you leap” though reduced to and
ridiculed as a cliché has not lost its relevance and value. As they say
‘Bolting the stable after the horse has run off” is of no use. In banks where
money is the commodity and the depositing public reposing greater trust on
banks expect highest degree of integrity and honesty, the above “clichés”
assume greater relevance and importance. A slip can ruin the life of not only the officer concerned but the entire
institution. Our business should always be a venture working on time tested
systems and procedures. To climb a mountain safe & fast the best option is
not ‘cliff hanging’ but by trekking long through bends and bushes. With this
reality in mind our bank has recently introduced the SHORT TERM PLAN of
business promotion mainly enhancement of business under Retail credit.
During the recent visit to the zonal units,
we have been informed that some of our Branch Managers are choked with
unimaginable jump in their retail credit segment within the shortest period of
2 months of introduction of STP by the management. Such branch managers are
awarded and paraded as role models by the field functionaries. Speed is vital
to overcome the competitors and QUALITY is necessary to remain healthy.
There is no second opinion that our prime
duty is to increase the qualitative business. But taking up business beyond
capabilities landed many in problems.
“BITE ONLY WHAT YOU CAN, CHEW TO AVOID
GETTING CHOKKED” should be watchword.
Our
requests to all Branch Managers are:
1.
We
cannot take refuge behind the deficiencies. We are paid to act with reason.
Reason requires proper and adequate knowledge which should be updated &
train ourselves to face the challenges. When in doubt ask others in the know
& be thoroughly convinced of what they say by reference to requisite
guidelines. Innocence is no defence; ignorance is inexcusable.
2.
There
shall be no improvisation to undermine or bypass laid down safeguards and
procedures.
3.
Loans
should not be sanctioned under pressure. Merit based loan proposals are not
unnecessarily delayed. To lower the concentration to high corporate credit, our
management requested us to increase the business under Retail lending which is
the need of the hour.
4.
Efforts
are made to open more and more new accounts
5.
Efforts
are made to reduce NPAs by improving quality of advances
However,
we have a goal before us. We cannot and must not allow this to fall short of
reality. This is not an idle commitment-our honour is at stake. So, let
everyone of us do whatever we can-strive, struggle, leaving no stone unturned
to achieve our goal under CASA, REDUCTION IN NPA & GROWTH IN RETAIL CREDIT.
There is
one and only one answer: YES WE CAN
AND WE WILL.
Thanking you.
Yours Sincerely,
Sd/-
(A.R.
SAIFULLAH)
GENERAL
SECRETARY
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