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Vol. I | No.1 | Panchkula | Monday, August 10, 2015 | Pages 08 | `10 | Annual Subcription `180
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Editorial
Khushboo of India (KOI):
A crusader is born P4
Savings
Post offices plan rural foray
with CBS P5
Life in banks
Bank employees rank high
on STRESS SCALE P6
DRTs
Right To Information
SBI shows transparency,
furnishes details under RTI
Act P8
info@khushbooofindia.co.in
Mumbai: In its bid to curb the menace of rise in farmers suicide, Narendra Modi government has plans
to launch Bharat Kisan Bima Yojana (BKBY) as part of the ongoing
Pradhan Mantri Jan Dhan Yojana
across the country in near future.
02
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Insurance
New package to include mandatory crop insurance
continued from P1
Unified packaged
insurance scheme
n
Bhartiya Kisan Bima Yojana will
life insurance.
Apart from providing financial
protection to farmers, the scheme
will also ensure food security,
crop diversification and enhancing
growth and competitiveness of agriculture sector.
The insurance cover will be for
one full year except for agriculture
insurance (which will be bi-annual
separately for kharif and rabi seasons) renewable from year to year.
The scheme would be offered/administered by the non-life insurers.
The scheme is likely to be implemented through a multi-agency
framework by implementing agency (IA) under the overall guidance
and control of the Department of
Agriculture & Cooperation (DAC),
Ministry of Agriculture (MoA),
Government of India (GoI) and the
state concerned in co-ordination
with various other agencies. The
other agencies involved include financial institutions like commercial
banks, co-operative banks, regional
rural banks and their regulatory
bodies and government departments
like agriculture, co-operation, horticulture, statistics, revenue, information/science & technology and panchayati raj.
Agriculture insurance part of the
cover will provide compensation to
farmers suffering loss due to crop
loss/damage arising out of unforeseen events, stabilise the income of
farmers to ensure their continuance
in farming, encourage them to adopt
innovative and modern agricultural
practices and ensure flow of credit
to the sector.
The loanee farmers will be covered through banks/financial institutions whereas non-loanee farm-
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03
Frauds
Loopholes
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n
Farmers not properly
identified by the
officials
n
KYC compliance not
ensured
n
Credentials not checked
n
Credit needs not
appraised
n
Land holding details
not verified
WISHES YOU
A VERY HAPPY
Independence
Day
04
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Editorial
Sanjay Sharma
Editor-in-Chief, Khushboo Of India
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05
Savings
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Story in points
n
Of the 50 branches of post office
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Life in banks
Bank employees rank high on STRESS SCALE
BHUPINDER SHARMA
How to de-stress
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as 60 per cent of the staff were suffering from stress in a few bank
branches. According to various
medical experts, they have usually
started finding symptoms of stress
among the bankers. These often
manifest in health problems, like
heart diseases, ulcers, arthritis, increased smoking, cardiovascular,
gastrointestinal, endocrine and other
disorders. This also leads to psychological and behavioural problems,
including change of moods, inferiority complex, widespread resentment,
reduced aspirations and self-esteem.
Dr Jasmine, a senior psychiatrist
with the Psychiatry Department at
Government Medical College and
Hospital, Sector 32, Chandigarh,
said, We are getting cases of more
than one dozen bankers in our OPD
alone every month. They usually
complain of anxiety, stress and frustration which later leads to depression and these numbers are gradually increasing.
Other clinics, government hospitals
and dispensaries too are seeing an upward trend in such cases. This is of
serious concern to the banking industry, which is considered as backbone
of economy of the country.
Officials mostly complain of
stress due to not able to reach targets, public humiliation by seniors
and tension due to recovery of bad
loans, added Dr Jasmine.
Parveen Vij, a former branch manager of Zirakpur branch of UCO
Bank, who had taken voluntary
retirement under forcible circumstances, raises several questions on
the banking sector at large. In his
autobiography, Ghav Aaj Bhi Hare
Hain, he not only tried to elaborate
on the pathetic condition of bankers
but also conveyed the plight of those
officers, who were given big targets
of advances and NPA recoveries.
Seniors intentionally give us
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07
DRTs
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because its their money that is with the banks. When the banks cannot get their
loans back then its clear that they will not earn much profit. Ultimately, the public
is the sufferer as the late repayment of loans lead to lesser rate of interest on saving accounts and under different schemes.
The countrys economy too is in danger if the bad loans cannot be recovered
on time as already the public sector banks NPAs have reached more than Rs 2.5
lakh crore.
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Right To Information
GOOD PERFORMERS
THE BANKS WHO RESPONDED WELL
AND RESPECTED RTI ACT
1) STATE BANK OF INDIA.
2) BANK OF MAHARASHTRA.
3) PUNJAB AND SIND BANK
4) ALLAHABAD BANK
5) CANARA BANK
6) BANK OF BARODA
WORST PERFORMERS
THE BANKS TOTALLY AVOIDED
INFORMATION OR GAVE IT PARTLY
MUNISH NAGAR
1) IDBI BANK
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Transparency scale
Why the State Bank Of India replied while maintaining full transparency and other banks avoided
information is a big question in
front of the other PSBs, who tried to
escape the truth by taking the shield
of RTI sections.
Regarding the NPAs, SBI clearly
said that its LHOs NPAs were more
than six per cent.
Earlier, KOI had filed RTI ap-
6) VIJAYA BANK
7) BANK OF INDIA
8) ORIENTAL BANK OF COMMERCE
9) SYNDICATE BANK
10) PUNJAB NATIONAL BANK
11) STATE BANK OF BIKANER AND JAIPUR
12) CENTRAL BANK OF INDIA
13) INDIAN OVERSEES BANK
14) INDIAN BANK
15) CORPORATION BANK
69,031
72,236
65,389
`2,356.19 crore
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Total advances
`39,385.73 crore
`209.73 crore
Total increased number
of PNPAs accounts
504
NA
Total number of
restructuring accounts
263
`38,730.71 crore
`325 crore
Target of the region of the bank for Expectation estimated by the bank to recover the
bank dues in NPAs, PNPAs and restructuring
the recovery of NPA accounts:
during this quarter
`325.20 crore
circle target for FY 2015-16
`290.73 crore
NPA accounts considered
as wilful defaulters
121