CENTRAL BANK OF INDIA - APPOINTMENT OF RETIRED BANK OFFICIALS AS FLYING SQUAD OFFICERS ON CONTRACTUAL BASIS

Central Office has issued circular inviting applications from Retired Bank Officials as Flying Squad Officers on contractual basis. We are placing the same here for our readers.

CO/HRD/R&P/2010-11/ July 21, 2010

ALL ZONAL OFFICES / CHIEF MANAGER (CSD) CO

APPOINTMENT OF RETIRED OFFICIALS OF OUR BANK OR OTHER PUBLIC SECTOR BANKS OR RBI IN SCALE III/IV/V AS FLYING SQUAD OFFICERS ON CONTRACTUAL BASIS

It has been decided to constitute Flying Squads to have surprise inspections especially in fraud prone areas / branches to ensure Preventive Vigilance and arresting/minimizing frauds. Accordingly, applications are invited from retired Officers of our Bank or other Public sector Banks or RBI in Scale III/IV/V. Further, as the job demands frequent travelling, the retired Official should be physically fit to undertake the journey.

The details are as under:

1. JOB DESCRIPTION & RESPONSIBILITIES

Flying Squad shall be set up at following Zonal Offices:

Lucknow, Muzaffarpur, Raipur, Chennai & Kolkata.

At each of the above centres, Flying Squad team shall consist of one retired Scale IV/V and two retired Scale III/IV Officers.

The flying squad shall carry out surprise inspections especially in fraud prone areas / branches to verify that Maker-Checker concept in the Branches is strictly adhered to, KYC norms are followed and computer generated supplimentaries and other reports are regularly checked. These Officials shall also verify that various certificates and reports are regularly submitted by the Branches to their controlling Offices and reports/certificates submitted by the Branches to their controlling Offices are correct.

These duties are indicative and broad guidelines shall be provided at appropriate time.

2. ELIGIBILITY

Name of Post      Flying Squad Officer

Maximum Age   Not exceeding 65 years

Qualification      A Graduate

Experience        At least 10 years related experience in Banking and at least 5 years in Middle/Senior Management Position. Thorough knowledge of various regulatory provisions pertaining to Frauds/Vigilance preferred. Need to be Tech/ Computer savvy with knowledge of MS Office.

3. COMPENSATION

These Officials shall not be required to visit the Branches on regular basis and as such their services are not required on daily basis. Accordingly, it is proposed to pay @ Rs.1000/- per day + TA/DA (equivalent to the Scale IV/V) for retired Scale IV/V as the case may be, for the number of days they are engaged in a month and Rs. 750/- per day + TA/DA (equivalent to the Scale III) for retired Scale III for the number of days they are engaged in a month. These Officers will not be entitled to any other benefits and they can not claim regular employment in the Bank.

4. SELECTION PROCEDURE

The eligible candidates will be called for personal interview before a committee of executives and the decision of the bank in this regard shall be final.

5. SUBMISSION OF APPLICATION

Eligible candidates have to submit their applications in the given format (Annexure A).

Last date of application is 21.08.2010. No applications shall be entertained beyond the stipulated date. Incomplete applications will be rejected.

Address the application, Superscribing “Application for the post of FLYING SQUAD OFFICER” to “General Manager- HRD, Central Bank of India, Chander Mukhi, 17th floor, Nariman Point, Mumbai- 400 021

6. Zonal Offices are advised to arrange to circulate the information amongst the retired Officials of our Bank as well as other Banks and also put it on the Notice Board for information of all the employees. A copy of the Circular letter is also posted at our Bank’s Website for information of retired Officials at large.

Sd/-

(A P SHUKLA)

GENERAL MANAGER-HRD.

ANNEXURE A

APPLICATION FOR THE POST OF FLYING SQUAD OFFICER

To,

General Manager-HRD                                                      Paste Passport size

Central Bank of India,                                                      Photograph.

Appointment as Flying Squad Officer                          Please sign across

17th Floor, Chandermukhi,                                               the Photograph

Nariman Point, Mumbai

I, submit my application in prescribed format.

1. NAME (in full)-______________________________

2. ADDRESS FOR CORRESPONDENCE:

_______________________

________________________

________________________

________________________

_________________________

3. CATEGORY : _______________

4. DATE OF BIRTH ( As per School leaving Certificate) :

Age in completed years as on 30.06.2010:

5. Contact Details:

MOBILE NO. - LANDLINE No.

E-MAIL ID-

6. GENDER :

7. NATIONALITY:

8. BIRTH PLACE _________ NATIVE PLACE:_____________

9. RELIGION:

10. MARTIAL STATUS:

11. FATHER’s/ HUSBAND’s NAME:

12. PERMANENT ADDRESS:

13. EDUCATION QUALIFICATION

Qualification	Name of Institute	Board/ University	Full time/part time	Year of passing	Subject/ Specialisation	Marks (Rank if any)
Graduation
Post Graduation
Professional Qualification
Others

14. EXPEREINCE (Preceding 10 years) - Total (in years)________________

SN	Name of the Bank	Designation / Scale	Place of Posting	Duration From     To	Responsibilities	Remarks

15. DETAILS OF PRESENT EMPLOYMENT IF ANY:

(a) Organisation

(b) Full Address:

(c) Position:

(d) Reporting to:

(e) Salary/Compensation presently drawn:

16. Present Assignment-

____________________________________________________

____________________________________________________

____________________________________________________

____________________________________________________

____________________________________________________

____________________________________________________

____________________________________________________

17. Name and addresses of two references-

1) ___________________________________________

___________________________________________

___________________________________________

___________________________________________

___________________________________________

___________________________________________

___________________________________________

2) ___________________________________________

___________________________________________

___________________________________________

___________________________________________

___________________________________________

___________________________________________

___________________________________________

DECLARATION

I hereby declare that the particulars furnished above are true and correct to the best of knowledge and belief and I understand that in the event of any information being found false or incorrect at any stage or not satisfying the eligibility criteria according to the requirements of the relative advertisement, my candidature/ appointment for the said post is liable to be cancelled/terminated at any stage and if appointed, my service are liable to be terminated. I am willing to serve anywhere in India. I agree that Bank has right to transfer me to any part of the country at its discretion.

(Signature of applicant)

Place:__________________________

Date:___________________________

Source: https://www.centralbankofindia.co.in/upload/Flying%20Squad.pdf

CENTRAL OFFICE ISSUES CIRCULAR FOR DEPUTATION ON SECONDMENT BASIS TO THE COMMONWEALTH SECRETARIAT (COMSEC)

Our Central Office has issued circular calling for applications for deputation on Secondment basis to the Commonwealth Secretariat (COMSEC). We are placing here the circular issued by the bank

DEPUTATION ON SECONDMENT BASIS TO THE COMMONWEALTH SECRETARIAT (COMSEC)

1. In order to augment capacity at Commonwealth Secretariat to handle work relating to micro enterprises, rural entrepreneurship and in particular to advance the drive in favour of financial inclusion of youth in the economic life of member states, a request has been received from the Commonwealth Secretariat to second an official of our bank for a period of two years. The selected officer will be based in Commonwealth Secretariat headquarters in London.

• While working on the project of COMSEC, he will be expected to advance the interest of the Bank by facilitating closer cooperation, award of technical assistance, consultancy assignments etc. to the Bank.

• The compensation package to the officer will be as per the existing terms and conditions applicable to India based officers of Public Sector Banks posted overseas.

2. Accordingly, applications are invited from Officers in Scale IV or Scale V of mainstream category fulfilling the under mentioned criteria:

• a) Applicant should be below 52 years of age as on 30.06.2010.
• b) Applicant should have good knowledge of financial inclusion, SHG, MSME finance and related matters.
• c) Applicant should have hand-on PC skills.

3. The Secondment is primarily for a period of two years. However, management reserves its right to call back the officer at any point of time, if situation so demands.

4. Application should be made on the format enclosed and should be forwarded directly to General Manager-HRD at Central Office with a copy to concerned Zonal Office not later than 31.07.2010.

5. All Zonal / Regional Offices and Central Staff Deptt, Central Office should ensure that contents of this circular letter are brought to the notice of all concerned officials. A copy of the Circular letter is also posted at our Bank’s Website for information.

Sd/-

(A P SHUKLA)

GENERAL MANAGER-HRD.

APPLICATION FOR POSTING ON SECONDMENT BASIS TO COMMONWEALTH SECRETARIAT

To,

General Manager-HRD

Central Bank of India,

Central Office,

Mumbai

With reference to Central Office Circular letter No. dated ____________, I submit my application for posting on Secondment basis to Commonwealth Secretariat.

I furnish my bio-data in brief as under:

1. Name :

2. Employee no :

3. Date of birth :

4. Date of joining :                           Joined as:

5. Date of promotion       Scale-I :

Scale II :

Scale III :

Scale IV :

Scale V :

6. No. of completed years of service in present Scale (as on 30.06.2010) :

7. Present place of working: Branch/Office______________ Region:

8. Qualifications :               Educational :

Professional :

9. Training Details (last 3 years):

Sno       Period               Name of Training College/Institute               Subject/Course

10. Brief:detail of Disciplinary action taken, if any (last 05 years):

11. Passport no.

Date of Issue:

Place of Issue:

Valid upto:

I hereby declare that the particulars furnished above are true and correct to the best of my knowledge. I confirm that in case I am selected,I will accept the terms and conditions as applicable to officers of equivalent cadre of Public Sector Banks posted overseas on deputation.

(SIGNATURE)

Date:

Place : ___________________

Source: https://www.centralbankofindia.co.in/upload/COMMONWEALTH.pdf

UCO BANK Q1 NET UP BY 45.95%

Public sector lender UCO Bank today reported a 45.49 per cent growth in net profit at Rs 260.21 crore for the first quarter ended June 30.

This was in contrast to Rs 178.85 crore during the corresponding quarter of the last fiscal.

The bank also reported an increase of 10.80 per cent in its total income during the first quarter at Rs 2,862.73 crore, as against Rs 2,583.68 crore in the year ago period.

Its percentage of gross non-performing assets (NPAs) went up by 2.36 per cent during the quarter from 2.27 per cent in the same period last fiscal.

UCO Bank’s net NPAs, however, declined marginally by 1.14 per cent the last quarter, as against 1.15 per cent in the corresponding quarter a year-ago.

Segment-wise, the bank’s corporate banking operations registered a revenue of Rs 1,356.59 crore during the first quarter. This is a jump of 43.06 per cent over the figure of Rs 948.27 crore registered by it in the same quarter last fiscal, the filing said.

UCO Bank’s revenue from retail banking business, however, slid by 22.15 per cent to Rs 752.76 crore in this quarter ending 30 June, from Rs 966.93 crore in the year ago period.

Source: http://www.thehindubusinessline.com/blnus/17231606.htm

ALLAHABAD BANK Q1 PROFIT UP BY 14.6%

Allahabad Bank on Friday posted a 14.6 per cent increase in net profit at Rs 347.1 crore for the first quarter ended June 30, 2010. The bank had a net profit of Rs 302.8 crore during the same quarter a year ago.

Total income of the bank rose by 13.6 per cent to Rs 2,701.6 crore during the quarter, compared to Rs 2,377.6 crore during the same period corresponding fiscal.

During the quarter interest earned including treasury income rose to Rs 2,403.1 compared to Rs 2,008.1 crore in the same period a year ago.

However, the gross non-performance assets (NPAs) as a proportion of advances went up to 1.79 per cent compared to 1.5 per cent in the same quarter a year ago. In absolute terms, the gross NPA stood at Rs 1,139.3 crore compared to Rs 1,093 crore in the same quarter previous year.

At the same time, net NPAs also increased to 0.37 per cent of at the advances to Rs 219.7 crore.

Capital adequacy of the bank as at the end of June as per the Basel-II norms was 13.5 per cent.

Source: http://www.thehindubusinessline.com/blnus/17231520.htm

AIBOC CIRCULAR NO. 103 DATED 21.07.2010

AIBOC issued its circular No. 103 on silver jubilee celebrations by affiliates and state units. We are reproducing the same here for our readers.

CIRCULAR NO: 103                                                DATE: 21.07.2010

TO ALL AFFILIATES/MEMBERS:

SILVER JUBILEE CELEBRATIONS BY AFFILIATES AND STATE UNITS

CONFEDERATION MOVES FORWARD

We are happy to note that the Silver Jubilee Celebrations of the All India Bank Officers’ Confederation is being celebrated all over the country as per the directives of the Executive Committee of the Confederation.  Our members are aware that the Confederation was founded on 6^th October 1985 at the Foundation Conference held at New Delhi and is completing 25 years of its meaningful existence as the largest trade union organization amongst the supervisory cadre in the world.  The celebrations began with a grand gala Inaugural function at Chennai where a special Executive Committee Meeting was held and the leaders of the Confederation, both present as well as past were present to see the take off of this grand gala celebrations all over the country.

The Executive Committee also deliberated on the various aspects of our movement and decided to take up several activities.  The major one being rejunevation of the Bank Officers’ Movement under the banner of the Confederation and to ensure that the objectives for which this great organization was founded in the year 1985 is carried forward with greater commitment and conviction.  The Confederation also as a part of its response to the aspirations of the society at large and also in true spirit of its functioning took several social action programmmes and suggested to the affiliates of the Confederation as well as the State Units to take up these activities on the occasion of celebrating the silver jubilee of the Confederation.

We have been receiving reports from all the affiliates and State Units who have so far conducted the silver jubilee celebrations.  The leadership of the Confederation was present in these functions to inspire the rank and file across the country and spread the message of consolidation and unity amongst the bank officers in order to implement its objectives and commitment to the members of the Officers’ fraternity. The Executive Committee also directed that all the State Units should hold their General Body meeting on this occasion and at any cost these programs should be completed by the end of September 2010 so that when we assemble at Delhi for the grand gala Validictory Function of the Silver Jubilee Celebrations, we should have completed the decisions of the Executive Committee and all the activities that have been chalked out by the Executive Committee in connection with the Celebrations.

The Executive Committee of the Confederation will be meeting on 30^th and 31^st July 2010 to discuss all the current topics which are important for the Bank Officers’ fraternity as well as our movement.  One of the issues that is expected to come up for discussions is the activities of Silver Jubilee Celebrations and also its final phase in order to galvanize the membership across the country.  We are confident that the State Units and affiliates who are yet to take up the activities, will take up on priority basis at the earliest.

All our affiliates/members are requested to await further developments in the matter.

With greetings,

Sd/-

(G.D. NADAF)

GENERAL SECRETARY

AIBOC CIRCULAR NO. 102 DATED 19.07.2010

AIBOC issued its circular No. 102 on bank nationalization. We are reproducing the same here for our readers.

CIRCULAR NO: 102                                              DATE: 19.07.2010

TO ALL AFFILIATES/MEMBERS:

BANK NATIONALIZATION ENTERS 5^TH DECADE - 19^TH JULY – A DAY OF REMEMBRANCE FOR ALL OF US

The country has witnessed the phenomenal economic growth during the last 4 decades, ever since the 14 Banks were Nationalised on 19^th July 1969 followed by another 6 Banks in the April 1980, thereby bringing more than 90% of the Banking operations under the umbrella of the Public Sector ownership.  Thanks to the historic decision of the National Congress under the stewardship of Madame Smt.Indira Gandhi, former Prime Minster the legendary figure in the Indian politics who, decided to take over the Banking Industry under the ownership of the Government on the basis of the Capital base of the banks.  The Nationalization  in the first instance gave a tremendous boost to the realization of the dreams that were cherished under the 5 year Plans as well as a number of socio-economic policies of the Government with an intention to create a Welfare State giving ventilation to the objectives of the Constitution of India, to ensure social, economic and political freedom and equality to each and every citizen of the country.

The contributions of the Banking Sector which is under the ownership of the Government towards the economic prosperity of the country cannot be described in just few lines.  It is a saga of struggles, sacrifices and dedication of thousands and thousands of employees and officers who stood by the Government, supported by their trade unions, in particular the Officers’ fraternity who had the support of the Confederation to motivate and energize them to take up the responsibility of providing economic freedom to the teeming millions of population living below the poverty line spread across the country and suffering for want of support to eke out their living. It is the Banking Industry and the Officers’ fraternity who lived upto the expectations of the Government created history, by taking the banking facilities to every nook and corner of the country unmindful of the topographical disadvantages, erratic climatic conditions, living conditions, accommodation, medical facilities, educational facilities etc.  It will not be out of place to mention that there may not be a Post Office, there may not be a Railway Station but there may not be a primary school, there may not be primary health centre, there may not be police station and motorable road, potable water definitely Branches of the Nationalized Banks have found a place in almost all the interior parts of the backward states as well as the progressive states. The Officers were willing to move across the country, they did not bother about the living conditions nor the language problem.  The language of hunger, poverty and ignorance of the people being common, it spreads beyond the barriers of language, creed, culture, cast and tradition.  Hence, a Banker was a welcome guest all over the country and he was treated as a part of the society all over the country.

We have a big list of successes behind us. The Success of Green Revolution, which was possible due to the contributions made towards agriculture and allied activities by lending by the banks in a massive way, which ensured the food security of India.  Thereafter it is yet another glorious success of the Public Sector Banks which ensured the White Revolution, providing plenty of milk and milk products to the undernourished nation and become one of the major economic activities of interior parts of the country. There was a silver revolution to boost the fisheries. We did not lag behind to stand by the industrial growth of the country.  The Small and Large enterprises, followed by the industrial houses, who ventured to invest huge amount of capital in core industries. All these sectors received equal support and co-operation from the Banking Industry.  The series of schemes brought out by the Government apart from various other schemes meant to help the backward and underprivileged were routed through the banking industry.  Our commitment to the cause of the Nation is applauded all over the country and our fights against handing over of the Public Sector Banks to private ownership have started paying rich dividends during the last couple of years.

One of the greatest contributions of the Public Sector Banks has been its reach to the common man, who is not in a position to have access to the banking resources which are nothing but the savings of the people of the country.  Hence, it was our slogan that the people’s savings should be for the  Peoples welfare, has now become the slogan of most of the Private Banks as well.  It is most unfortunate that the Government very often gets influenced by the media and gimmicks of the protagonists of the Globalization that the Banks should be privatized and the Government should withdraw its intervention.  Thanks, to the recent developments in US and other countries where hundreds of banks collapsed and the US administration has to take extraordinary steps of taking over some of the major Private Sector Banks.  The Government has now started looking at these Public Sector Banks as the real instruments to extend all their policies and programmes to the common man.

The All India Bank Officers’ Confederation is the first organization to declare a war against the so-called reforms in the financial sector, in particular the banking, by the Government with the sole objective of handing over these Public Sector Banks, temples of the country, to private owners during the beginning of 1991.  We went on a day’s strike opposing the recommendations of Shri.P.Narasimham Committee who submitted a tailor made and dictated report as required by the World Bank.  After these developments, the Government raised the issue of bad loans, capital adequacy, performance of the banks and bank employees as a plank for the purpose of creating a public opinion against the banking industry.  We withstood these attacks and succeeded in ensuring the existence of Public Sector banks including those who were in difficulties in the mid 1990’s and managed to wipe off the huge bad loans and create a large space for the Pubic Sector Banks in the area of reforms as well as the customer service during the last one and half-decade.  The Indian Public Sector Banks are now perceived as role models by the Western Countries after the US economic recession.  The RBI Regulatory role is being appreciated all over the world and they are curious about the Indian Banking system and its tenacity displayed during the economic recession, not only by withstanding its impact but surpassing the growth parameters in these difficult days.  It is a great transformation as far as the public and media opinion is concerned and the larger credit must go to the Confederation for such development since it stood firm against the attempts of dis-investment of the equity in the Public Sector less than 51% ,which  otherwise  would have enabled the Private Sector to take over the banking industry.  To-day, the Government is coming forward to provide equity and is seriously looking into our earlier stance since most of our predictions have come true during the last one decade.

The task is yet incomplete.  We need to keep a close vigil over the threat of take over by foreign investors.  We need to sharpen our skills, technology and above all match the wit and gimmicks of the so-called private sector as well as the foreign banks and pay back to them in their own coin so that ultimately our goal of the take over of the entire banking industry under the Public Sector is reached.  The Confederation with a positive and pro-active outlook had appointed an Independent Commission on Banking Financial Policies under the Chairmanship of Shri Shukla, former Secretary of Finance and the report submitted by the Commission has now proved that whatever the stand and views of the Confederation were right and the predictions have come true.  We need to carry forward our struggle and ensure that the old generation Private Sector banks that are akin to the Public Sector Banks, and  new generation Private Sector Bank  are nationalized.  Similarly, we need to pursue our struggle against different types of attacks on the Public Sector Banks including the so called consolidation, merger etc.

While, acknowledging the contributions of the Banking Industry after nationalization of the 20 Major Banks, let us also remember all those senior stalwarts who led this movement and launched several struggles to uphold the Public sector character of our Banks.  We have a great responsibility of carrying forward this struggle under the banner of the Confederation.  Let us resolve that we would ensure to bring all the Banks under the ownership of the Public Sector. Let us resolve that we will ensure, the responsibility given to us to support the economic prosperity of the common people will be carried forward with the same zeal and enthusiasm with which we have been doing over the last 4 decades. Let us also dream that by the completion of the Diamond Jubilee of this great organization, we should be able to bring all the banks under the ownership of the Government as a tribute to our predecessors and also as a gift to our posterity. 

Comrades, the 19^th July is not just another day in our life.  We should remember that the great act on the part of the Government in bringing the banks under its ownership, provided an opportunity to millions and millions of  employees and workers  to serve the nation over the last 40 years.  It also provided an opportunity to this group of people to display to the whole world that they are also soldiers dispensing economic freedom and justice to the teeming millions and millions of people living below the poverty line in the country.  Let us march forward with the firm determination to carry forward the banner of the Confederation in ensuring the success of our movement for all  times to come.

With greetings,

Sd/-

(G.D. NADAF)

GENERAL SECRETARY