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Dear Friends,
Take the youngsters along.
We are in the midst of a turning point in the history of Indias financial sector. We are
in the eye of a storm that is rocking the space of Indian Banking sector. Suddenly
woken up from the long lull of NO RECRUITMENT policy, Banks have recruited in
thousands.
Now we have 8000+ POs of the total Officers strength of 14000 in a Bank. For any
organisation, the integration of so many young, talented and active employees into
the 108 year old traditional, mammoth institution is not a small challenge.
Culture, Education background, generation, technology orientation, lifestyle &
preferences are all appearing to be different between the generations.
But, this has been the same case in every generational meeting point. The basic
humanity, the fundamental attitude of mutual understanding and urge to learn are
common to any age.
Slowly & steadily, with a helping and understanding handholding, seniors should
induct the youngsters into the time test principles of a traditional public sector
bank. Politely & patiently, the juniors should introduce, by a mechanism of bold
debate and democratic yet decent dialogue, the science of doing more work in less
time, by better use of computers and the mobile phone into the daily functioning.
We are yet to start using computers effectively. The mental block that does not
readily embrace change in software should go (like the introduction of windows 7).
We are the solution for our problems. We are NOT launching rockets or testing
nuclear power. The level of interest and inclination to learn are sufficient to face the
daily challenges
The power and dedication of Bankers was shown to India by opening 1.5 Cr accounts
on the launch day of PMJDY. This shows that in our terrain & our home pitch, we can
come up to any challenge. We know banking. Let us stick to it. Let us do it sincerely,
honestly and with dedication, as we have been doing it. In the process, let the young
blood work harmoniously with the old wisdom.
I hope our devotion to the nation, determination to uplift the poor and drive to
achieve Financial Inclusion will put us in the right place in the national mindset.
With best wishes,
G V MANIMARAN
GENERAL SECRETARY
Mar Aug 2014
Page 2
Editor: V. Ramaraj
Editorial
Please
send
your
views, The RBI Panel, headed by Sri PJ Nayak, ex-Chairman
contributions & suggestions to the of Axis Bank, has strongly suggested for diluting of
email ID: editorcboa@gmail.com
government stake in public sector banks, repeal of
Contents
Topic
Page
Editorial
CBORA News
14
16
A Region A month
18
AIBOC News
32
UFBU News
49
RBI News
51
59
66
Whats new?
67
Family Gallery
68
Lifestyle in India
69
Blame it on Facebook
70
Photo Gallery
71
Press coverage
88
Page 3
Corporatisation is welcome, provided it can bring more people above the poverty line
of Rs. 32 per day. It is welcome if it can do more good than our time tested cautious
approach that saved us from what happened in Cyprus, Italy, Greece and what is
happening in almost all European Union countries except Germany.
The problem with macro-economic planning is that the time available for the decision
makers is too small, their distance from the common man is too long, their ideological
baggage is too heavy and the peoples response is too delayed.
People are watching and correlating every move of the Government. The ordinary
man wants no heaven on earth. What is required is reasonable price stability and
reliable political stability. The economic freedom has been best served by the public
sector banks, given the luggage of social banking to carry and the ribbon of hectic
competition to face.
Like some individuals, some sectors of the society also do not get the sympathy and
concern they deserve. The Indian banker is one among them.
Economic decisions at macro level could make or mar a nations growth. High degree
of caution and care will be required in such decisions. Given the proven track record
of our regulator in approaching the governance issue of Banks that affects the largest
population of the largest democracy, we hope wisdom will prevail.
**************
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It was decided to give 1.15 lac to the bereaved families wherever the claims
were rejected on technical grounds as one time measure
Page 6
Page 7
Increase in BDE
HL up to 30.00 lacs
BDE to POs
Solutions were arrived at for many long pending issues including Benevolent Fund
pending cases and bills outstanding in some regions
Excellent arrangements:
The arrangements & hospitality of Trivandrum Region were excellent. After attending
the Triennial Conference from 8th March to 10th March 2014 at Trivandrum, the E C
members returned to their regions with full rejuvenation.
Page 8
Page 9
No of members
17331
203
398
1039
Total
18972
Position in AIBOC
G V Manimaran
A N Krishnamurthy
K S Singh
R S Reehal
Pushpa G Kumar
J Vanangamudi
E C Member
Date
Venue
From
To
18.09.14
19.09.14
Gurgoan, Haryana
20.09.14
21.09.14
New Delhi
Page 10
No. of vacancies
[b]
1350
550
300
Page 11
Page 12
The Representatives of the Association sought for take over the liability under
Housing Loan of direct recruited Probationary Officers/Managers, in case they
availed such loans from other Banks/Financial Institutions.
The Representatives of the Management informed that the matter will be
referred to concerned Wing.
5. PERMISSION TO RETAIN LAPTOPS AND MOBILE SETS PROVIDED TO THE
OFFICERS / MANAGERS WITH THEM ON TRANSFER TO OTHER BRANCHES:
The Representatives of the Association sought for permission to retain laptops
and mobile sets provided to the Officers/Managers with them on transfer to
other branches.
The Representatives of the Management informed that the matter will be
referred to concerned Wing.
6. EXTENDING THE CLEANING ALLOWANCE TO ALL OFFICERS:
The Representatives of the Association sought for extending Cleaning
Allowance to all Officers.
The Representatives of the Management informed that the matter will be
further discussed.
7. FORMULATION OF OPTION SCHEME FOR OFFICERS/MANAGERS TO WORK IN
JAMMU & KASHMIR REGION AND HIMACHAL PRADESH DUE TO INADEQUATE
TRAINED PERSONNEL IN THE SAID REGIONS TO MAN THE BRANCHES IN THESE
REGIONS:
The Representatives of the Association sought for formulation of option Scheme
for Officers/Managers to work in Jammu & Kashmir Region and Himachal
Pradesh due to inadequate trained personnel in the said regions sot man the
branches in these Regions.
The Representatives of the Management informed that matter will be looked
into as per the government guidelines.
8. SUPPLY OF BRIEF CASES / SPECIAL BAGS TO OFFICERS / WOMEN OFFICERS:
The Representatives of the Association requested for supply of brief
cases/special bags to Officers/Women Officers.
The Representatives of the Management informed that the matter will be
examined
CBOA - Friend & Guide
Page 13
Page 14
The Delegate Session on 17 March, 2014 was attended by more than 500
delegates. The General Secretary presented an elaborate Report on the various
developments and after deliberations on the Report by some of the delegates, the
Report was unanimously adopted.
The audited financial papers for 2011-12 and 2012-13 were also unanimously
adopted. A Resolution to increase the number of a few posts under Rule VII (8) was
adopted unanimously. Some Resolutions affecting the lives of the common people
of the country, the retirees in the Banking Industry were also adopted. At the end
of the Delegate Session elections were held for various posts and the elections were
unanimous.
CBROA Membership Position as on 31.03.2014:
Number of New Members enrolled during March, 2014
The serial number of the last member enrolled during March, 2014
5023
Page 15
Plans to take the number of branches to 6000+ and number of ATMs to 10000 by March
2015.
Bank has received RBIs approval for opening 3 more branches in UK. Further, the
Bank plans to open branches in DFC -Dubai, Frankfurt in Germany and Subsidiaries in
Brazil, Tanzania and a Representative Office in Japan during the year.
Thrust on Retail Business- CASA, retail deposits, retail credit, recovery, fee income
and asset quality.
Thrust on improving operational financial ratios, such as, NIM, RoA, RoE and Cost-toIncome.
Plans to have Gross NPA around 2% and Net NPA around 1.5%.
8 lakh crore.
Page 16
TAKE PRIDE
BB
CBOA - Friend & Guide
Page 17
A Region A Month
Coimbatore
With more than 25,000 small, medium and large industries, the city's primary
industries are engineering and textiles. Coimbatore is called the "Manchester of
South India" due to its extensive textile industry, fed by the surrounding cotton
fields.
The Nilgiri Mountain Railway is a railway in Tamil Nadu, built by the British in 1908. The 106
years old hill train connects Mettupalayam and Ooty covering 46 kilometres, 108 curves, 16
tunnels and 250 bridges on the mountain.
Page 18
REGIONS PROFILE
Region
COIMBATORE
State
TAMILNADU
Address for
communication
Sri J Vanangamudi
Vice President, CBOA
Canara Bank, Circle office
166 TV Samy Road(W) R S Puram
Coimbatore
0422 2558410
Mobile No
94433 64184
E mail ID
vanangamudij@gmail.com
NA
Scale I
Scale II
Scale III
Total
(as on 31.03.2014)
401
132
68
601
CBOA members
366
117
59
542
No of Branches
Rural
Semiurban
Urban
Metro
Total
63
50
24
137
Deposits
Advances
Total
CASA share
5043
7447
12490
36.34%
Total no of Officers
(as on 31.03.2014)
Business position
(Rs in crores)
(as on 31.03.2014)
Circle Head
Staff Position
(as on 31.03.2014)
Officers
Workmen
Total
46
601
747
1394
Page 19
RSTC if any
COIMBATORE
Covering 4 districts, Coimbatore, Nilgiris, Erode & Tiruppur
All the four are Lead Districts
CD ratio is 148%
113 of the 137 branches are in Rural and Semi urban areas
Mix of Industry, agriculture, MSME and Tourism potential
Details of Banks
Holiday Homes & other
guest houses
Yet to be started
Coimbatore is connected by Road, Rail & Air
Connectivity
Page 20
COIMBATORE STALWARTS
THE INSPIRATION
DEDICATED LIEUTENANT
DEFENCE FORCE
COMMANDO
J VANANGAMUDI
VICE PRESIDENT
R NANDAGOPAL
D.G.S.
S SOUNDARARAJ
C.C MEMBER
K SIVAKUMAR
C.C MEMBER
094433 64184
094421 28400
094437 52554
097914 99199
R RAGHAVENDRAN
REGIONAL SECRETARY
M RAJKUMAR
A.R.S.
S VENKATARAMANAN
A.R.S.
094883 31061
094434 75867
094434 19876
D NITHIN SAMUEL
DISTRICT SECRETARY
CO COIMBATORE
076678 03424
M SELVARAJ
DISTRICT SECRETARY
COIMBATORE CENTRAL
A ASOKAN
DISTRICT SECRETARY
COIMBATORE NORTH
J DASS KUMAR
DISTRICT SECRETARY
COIMBATORE SOUTH
SRINIVASAN
DISTRICT SECRETARY
DHARAPURAM
094872 88731
094438 81989
094865 86874
094421 38359
Page 21
T ROMESH CHANDRA
DISTRICT SECRETARY
POLLACHI
RAMASUBRAMANIAN
DISTRICT SECRETARY
TIRUPPUR
R DEVARAJ
DISTRICT SECRETARY
GOBI
097872 64648
089497 64521
094426 27445
P MANOHARAN
RC MEMBER
C VELUSAMY
RC MEMBER
G CHARLES MOHANRAJ
RC MEMBER
C SIVARAMAN
RC MEMBER
097906 66377
094436 64844
094438 39764
078451 17365
S ELANGO
RC MEMBER
RUCKMANI DEVI
RC MEMBER
098435 60169
098427 66456
V KRISHNAMURTHY
RC MEMBER
098653 77133
Page 22
CBOA - You are at the age of 56, you have chosen to write exam and also scored 70
marks. What is the secret of your success?
Sathya - Thank youfor the compliments. Basically it is the determination to become
an Officer of our Bank. I have to specially thank CBOA and the team of quality faculty
who have handled CBOA classes, which had helped me to understand the subject and
encouraged me to score well.
CBOA Coimbatore organized classes subject wise and handled by the experts from the
subject who are having practical exposure in the domains currently, and taken
classes with visual presentations, live cases etc.,
Page 23
Circular based classes, Sector wise classes like SME, Legal, Agri Advance etc with
model questions and discussions with live examples enthused me to study well.
CBOA- What about the ambience of the classes?
Sathya- I will be failing in my duties if I dont thank CBOA for the hospitalities
throughout the season including the tea/snacks and working lunch without allowing us
to waste our time. My sincere and honest thanks to CBOA Coimbatore. I heard that,
CBOA is working on Online Mock Test for the promotion aspirants. If it comes out
definitely it will be a boon for CBOA men and women, promotion aspirants.
CBOA Your suggestion to all promotion aspirants?
Sathya - Discipline, Determination and Daily preparation
I am a probationary officer joined our Bank last year. It was a great privilege to
become a part of Can Bank family.
Prior to this, I started my career with a new generation private sector bank and had
more than a couple of years experience there. After joining Canara bank, I found it is
a totally different experience.
But I am thankful to my previous bank, the tough times which made me to prepare for
IBPS which paved way to big Canara Bank family.
Its really a family, the atmosphere and work culture in this public sector Bank.
At the previous Bank, I had the following difficulties which were totally eliminated in
the present Bank. There are some positives too in the private Bank, which we can try
to emulate in our Canara Bank.
Page 24
Job parameter
Private Bank
Work Culture
Highly
rigid,
atmosphere
Human Relations
Structured, bureaucratic
Highly inhuman
Work Timings
considerate
Target Orientation
Target
pressure
is Target is the responsibility of the
overemphasized, breaking human TEAM.
Each
member
feels
relations and friendship
empowered to achieve targets
Leave Taking
Decision Making
Fast, requires less time and less Generally delayed; fear psychosis;
cumbersome
Analysis is not fully backed by
technology
Placements
Pay
Use of technology
Personal Life
No such thing
In short, I feel my first Bank job like racing with 100 meter sprint speed in a
ending track;
never
My present job in the Government owned Bank is like a stable, consistent and
systematic marathon.
In the end, consistency counts!
CBOA - Friend & Guide
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A special meeting for welcoming the newly promoted officers and felicitating the
faculty members was held on 6.4.2014. The promotees thanked CBOA and the faculty
team for the care taken. All the promotee officers except one, have joined CBOA.
Efforts are on to bring the left out candidate to CBOA.
TRANSFERS:
The requests for general transfers/ home state transfers / requests from Probationary
officers are all well documented, followed up with utmost sincerity and till the logical
end. Being an able negotiator, our Vice President is able to establish a win-win
situation in transfer issues, by effective and constructive dialogue with the
Management
The aspirations of the young POs from Northern and other states are being attended
with empathy and pragmatism. The General Secretarys commitment that no false
promise shall be given and the factual position shall be communicated, are being
followed. The Region is taking all steps to fulfil the aspirations of all members with
straightforwardness and integrity
An example: A young comrade from Ghaziabad, who was suffering from serious
physical ailment, was transferred within 5 minutes in a meeting with the visiting GM,
H R Wing, HO.
CBOA - Friend & Guide
Page 27
DEFENCE MATTERS:
Mr Soundararaj, CC member is the Defence Man of Coimbatore. Guided and groomed
by the Vice President, he is an adept and silent workaholic with the affected
members welfare occupying utmost importance in mind.
Region could effectively defend the members to nullify the charge sheets in a number
of cases or to bring down the severity of punishments in others. The Vice Presidents
mighty presence has ensured that the idea of issuing explanation letters has never
materialised in some cases.
An example: An explanation letter thought to be issued to a Manager for the so called
failed procedures in safe keeping of cash and jewels (which is actually a lapse from
the Administration in not providing the necessary infrastructure) was never issued,
after a strong message from the Vice President
BRANCH VISITS:
Branch visits are undertaken with great attention and sincerity. Premises, staff issues
at the branches are documented and communicated to the Circle Administration and
followed up. Members grievances are attended immediately. During the visits, the
Vice President and Sri R Nandagopal, DGS, would interact with the members, give
them suggestions to have a happy work life and especially focus on the youngsters,
including young clerks who would become officers in the near future.
Branch visits are also used to bring the non-members to our fold.
Page 28
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Pamphlets were distributed, placards were carried and the AIBOC flag was held
high. Our General Secretary and Vice President gave an emotional speech at
the end of the rally, from the top of a goods carrier vehicle, to the charged
AIBOC cadre, at the VOC Park grounds, which has made a permanent mark in
the minds of members and the trade union history of Coimbatore.
Page 30
THE RALLY THAT SHOOK COIMBATORE BANK OFFICERS ARE NOT PAPER TIGERS
Page 31
AIBOC News
Page 32
Delegates, observers from across the length and breadth of the country and activists
from all parts of Kerala thronged the venue. AIBOC flags fluttered and slogans ranted
the air to the accompaniment of traditional Chenda Melam of Kerala
INAUGURAL SESSION
The inaugural session started at 6.30 pm with a chorus injecting an atmosphere of
revolutionary zeal at the very beginning. Seated on the dais were Com.
Harshavardhan M., and Com. Harvinder Singh, President & General Secretary,
respectively, Com. A.K.Padmanabhan, President CITU, Adv. Smt. Chandrika,
Worshipful Thiruvananthapuram Mayor, Com. S.R.Sengupta, founder President of
AIBOC and an array of past Presidents and General Secretaries of the organisation.
The meeting started with a welcome address by Com. P.V.Mohanan, President AIBOC
Kerala State. Com. A.K.Padmanabhan inaugurated the conference by lighting the
traditional lamp along with other dignitaries, present on the stage. He in his
illuminating and educative speech, studded with facts and figures, gave an over view
of the challenges facing the Indian working class.
Com. Harvinder Singh in his brief but pointed speech drew a picture of the emerging
scenario. The meeting ended with a befitting vote of thanks by Com Abraham Shaji
John, General Secretary AIBOC, Kerala State Unit.
The session was followed by a demonstration of Kalari Payattu the traditional
martial art of Kerala
Comrades, it was a wonderful beginning. We are charged up for the delegate session
tomorrow. The inaugural session will remain etched in our memory for a long time to
come for the magnificent arena provided and the grandeur of the proceedings.
BUSINESS SESSION HELD ON 9TH AND 10TH MARCH 2014
The Business Session was presided over by Com. Harshavardhan M., President of the
Confederation. He welcomed the entire house which was thronged by more than
twelve hundred delegates from the length and breadth of the country representing all
affiliates of the Confederation. He invited Com. Harvinder Singh, General Secretary to
take up the agenda proper and present the report of the confederation for the entire
Triennial period for the consideration of the house.
Agenda-I : To consider and adopt General Secretarys Report and Audited Statement
of Accounts for the years ending 31st Dec. 2011, 2012 and 2013.
Agenda - II :To Appoint Auditors for the Next Triennial Term:
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It was decided to hold the next round of discussions in the middle of April, 2014 and
the date would be finalized. Further developments will be informed to all our
units/members in due course
Circular No. 2014/30 Date: 19/03/2014
COM. DEEPAK D. SAMANT APPOINTED AS OFFICER-DIRECTOR ON THE BOARD OF
INDIAN BANK W E F 11.03.2014 FOR A PERIOD OF 3 YEARS.
CIRCULAR No. 2014/31 DATE: 28/03/2014
OPENING OF BANK BRANCHES ON SUNDAYS AND HOLIDAYS & EXTENDED WORKING
HOURS ON SATURDAYS
Members are aware that soon after we came to know that Banks have been asked to
work for extended hours till midnight not only on Saturday 29th and Monday 31st but
also on Sunday, the 30th March, 2014, through Press Releases, Mass Media and
Management to facilitate collection of taxes, we came into action. Please refer to our
communication ref no. GS/2014/IBA/13 dated 20th March, 2014.
Circular No. 2014/33 Date: 17/04/2014
LEAVE TRAVEL CONCESSION/HOME TRAVEL CONCESSION BAN ON VISIT TO
OVERSEAS CENTRES AS PART OF LTC/HTC
Our members may be aware that Indian Banks Association has vide their letter No.
CIR/HR&IR/F/2014-15/9195 dated April 7, 2014, communicated to all public sector
member banks to stop permitting their officers/employees from visiting overseas
countries/centres as part of LTC/HTC (Scanned copy of the IBAs communication
attached).
We are also exploring the possibility of legal recourse in the matter and are consulting
some legal counsel for obtaining the stay order against the revised instructions of IBA.
CIRCULAR No. 2014/34 Dated: 19/04 /2014
OUR DEMAND FOR FIVE DAY WORKING WEEK IN BANKING INDUSTRY
Our members are being informed from time to time about efforts being made by the
Confederation in pursuing our demand for Five Day Working Week in Banking
Industry. Apart from lobbying with bureaucracy, politicians we are in continuous
touch with IBA on the issue. We are happy to note that after our discussions in the
last Executive Committee, many of our office bearers have ensured publishing of
organizational views on our demands and policies in print media. We have sent yet
another written communication vide our letter Ref. 2014/23 dated 17/04/2014 to The
CBOA - Friend & Guide
Page 38
Chairman, IBA and Secretary, DFS, text of which is appended below. We convey our
thanks to IBA for giving us a positive ear on this demand.
Circular No. 2014/35 Dated: 24/04/2014
REMEMBRING PIONEERS OF TRADE UNION MOVEMENT
OBSERVING MAY 1ST - LABOUR DAY AS DEMANDS DAY
Labour Day is an annual holiday in many parts of the world to celebrate the
achievements of workers and has its origins in the labour union movement.
We request all our Affiliates/State Units to hold meetings/organize rallies,
highlighting our demands prominently through the placards, banners, posters etc..
Circular No. 2014/36 Dated: 26/04/2014
CELEBRATING --LABOUR DAY AS DEMANDS DAY
As proposed, let us simultaneously observe it as a Demand day for all our demands
which are relevant to the purpose of May Day celebrations, e.g. regulated working
hours, five day a week, Trade Union rights to all officers irrespective of their scales,
implementation of I.L.O conventions 87 and 98 for wider definition of workers and
coverage under I.D. act etc.
Circular No. 2014/37 Dated: 01/05/2014
COM. GEORGE D. PALLAN PASSES AWAY
With profound sorrow, grief and heavy heart we share the sad news of the demise of
Com. George D. Pallan, General Secretary of The Catholic Syrian Bank Officers
Association at the age of 53.
CBOA - Friend & Guide
Page 39
We convey our heartfelt condolences to the grieved family of Com. George and entire
membership of The Catholic Syrian Bank Officers Association and pray for the eternal
peace of the departed soul.
Circular No. 2014/38 Date: 07/05/2014
FEDERARTION OF BOIOA FORMS ITS WOMENS WING
Federation of Bank of India Officers Associations has, with the formation of its
Womens Wing, taken a lead in giving shape to one of the decision taken by the
Confederation at the Triennial General Conference at Thiruvananthapuram held from
8th 10th March, 2014, which was reiterated in its EC meeting held at Chennai on 9th
April, 2014, that of formation of Womens Wing by all the affiliates.
Circular No. 2014/39 Date: 26/05/2014
ALL INDIA FEDERAL BANK STRIKE ON 16TH AND 17TH JUNE, 2014
APPEAL FOR ACTIVE AND MORAL SUPPORT
We extend our full support to the fighting comrades of FBOA and appeal to all our
affiliates and members to be in readiness for any action or agitational programme
advised by the Confederation, in support of FBOA.
Circular No. 2014/40 Date: 27/05/2014
OUR MADHYA PRADESH STATE UNIT CONSTITUTED
The MP State Committee was reconstituted on 3rd May, 2014, in the presence of three
Office Bearers of AIBOC viz. Com. Harvinder Singh, General Secretary Com.
Manimaran, Senior Vice President and Com. Ameetaa Sharma, Secretary. Many
members of the other affiliates of State Committee were also present there.
The meeting was conducted by Com. Madan Jain, Dy. General Secretary, Bhopal
Module, SBI Officers Association, Bhopal. Speaking on the occasion, the General
Secretary, Com. Harvinder Singh appreciated the initiative taken by the State
Committee.
Com. Manimaran, Senior Vice President, AIBOC & General Secretary, Canara Bank
Officers Association also addressed the august gathering. In his precise but
meaningful speech Com. Manimaran told the gathering that how the AIBOC body is
continuously working towards the welfare of the officers.
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opportunity to spread your wings. There is no one who has worked as hard as you have
in the last years. Now your efforts have paid off -Congrats.
You are given the greatest task of deciding the priorities of the Nation particularly
when there are multiple challenges to meet. But, we are sure that with your
dedication, enthusiasm and inspiring insight, you would have many years of great
achievements. We are also hopeful that our beloved Country will rise to the greatest
level of developed Nation under your regime.
Financial Sector, in particular, the Banking Sector plays a crucial role in the
development of economy of the country and we assure you our full support in your
entire endeavour towards the growth of the country.
At the cost of repetition, we wish you all the very best in your tenure as Prime
Minister and pray the almighty to shower his choicest blessings on you and your entire
team to overcome the difficulties and effectively meet the challenges that are ahead
in achieving your entire endeavour.
Thanking you and assuring you our co-ordination always,
With best regards,
Yours sincerely,
Sd/(M. V. MURALI)
CONVENOR
Page 43
Bank Unions (UFBU) on the revision of wages and service conditions of Bank
employees/officers.
United Forum of Bank Unions (UFBU) is the umbrella forum of 5 workmen unions and 4
officers associations in the Banking Industry covering 1 million workmen and officers
and is currently on wage negotiations with Indian Banks Association (IBA). The wages
and service conditions in the Banking Sector are governed by the Industry-level
Bipartite Settlements signed between the IBA and the Negotiating Unions/Associations
of Bank employees/ officers. The term of the last settlement (9th bipartite
agreement) came to an end on 31.10.2012 and the revision of wages and other service
conditions has become due since 01.11.2012.
UFBU has submitted its Charter of Demands to IBA on 30.10.2012 before expiry of the
previous Bipartite Settlement and requested IBA to adopt a time-bound programme to
hold the negotiations on the demands and to expedite the settlement as early as
possible. More than 10 rounds of discussions have taken place between IBA and UFBU
so far on the issue but IBA is delaying the settlement. Despite a lapse of 20 months
since starting of negotiations, no significant improvement is made towards
expeditious conclusion of settlement. Moreover, IBA is offering the least increase
quoting non-affordability of banks in paying higher wages partly because of increase
in Non-Performing Assets (NPAs).
We furnish hereunder our view-points in support of our just demands for a respectable
wage revision to all employees/officers in the banking industry:
a. PERFORMANCE OF PUBLIC SECTOR BANKS:
In Public Sector Banks, the profitability, Business per employee and Profit per
employee are on the increasing trend only, which is also the basic yardstick for
measuring the affordability of banks for increase in wages. The data relating to public
sector banks as on March 2012 vis--vis the position as on March 2007 is furnished
below for your kind reference.
Circular No. 2014/47 Date: 04/07/2014
Need for Humane Approach in dealing with junior colleagues/functionaries
Suicide committed by Sh.Ajay Sehgal, Chief Manager, Sec.-20 Panchkula of PNB
In one of meeting called by Field General Manager, Chandigarh of Punjab National
Bank, ostensibly to review non performers by calling few Incumbents from each Circle
under his command, the officers were reportedly threatened with spoiling career &
humiliated to such an extent that it drove Shri Ajay Sehgal, age 52, Chief Manager of
CBOA - Friend & Guide
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UFBU News
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RBI News
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April 2014
RBI grants in-principle approval for banking licences
The Reserve Bank of India has on April 2, 2014, granted in-principle approval to two
applicants, namely, IDFC Limited and Bandhan Financial Services Private Limited, to
set up banks under the Guidelines on Licensing of New Banks in the Private Sector.
The Guidelines were issued on February 22, 2013. These two applicants were also
recommended as suitable for grant of
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Registration of NOFHCs
The Reserve Bank, on April 7, 2014, has decided to create a separate category of nonbanking finance companies (NBFCs), namely, Non-Operative Financial Holding
Company (NOFHC).
Guidelines on Gold Metal Loans
The Reserve Bank has commuicated that stand-by letter of credit (LC)/bank
guarantee (BG) issuing bank and the gold metal loan (GML) providing banks should
keep certain additional guidelines in view to mitigate the risk of frauds/misuse of the
scheme by the GML borrowers.
Implementation of Basel III Capital Regulations in India
The Reserve Bank, on March 27, 2014, extended the transitional period for full
implementation of Basel III Capital Regulations in India upto March 31, 2019. Earlier
deadline was March 31, 2018.
Policy for Banks Properties at Overseas Centres
The Reserve Bank, on April 9, 2014, advised all Indian banks to ensure that they
comply with all the applicable laws of the host country/city or locality while
undertaking transactions in the nature of sale and purchase of property and
acquiring/letting out property on lease/rental basis at overseas centres
Differential Rate of Interest for MSEs
The Reserve Bank, on April 15, 2014, advised the banks to take into account the
incentives available to Micro and Small Enterprises (MSE) borrowers in the form of the
credit guarantee cover of the Credit Guarantee Fund Trust for Micro and Small
Enterprises (CGTMSE) and the zero risk weight for capital adequacy purpose for the
portion of the loan guaranteed by the CGTMSE and provide differential interest rate
while pricing their loans for such MSE borrowers, than the other borrowers. However,
banks should note that such differential rate of interest is not below the base rate of
the bank.
Guidelines on Capital Charge for Credit Risk revised
The Reserve Bank has issued revised guidelines on capital charge for credit risk of
standalone primary dealers exposure to interest rate derivative contracts,
repo/reverse repo transactions and central counterparties. The revised guidelines
have come into effect from April 1, 2014.
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May 2014
Opening of Bank Accounts in the Names of Minors
To promote the objective of financial inclusion and also to bring uniformity among
banks in opening and operating minors accounts, the Reserve Bank on May 6, 2014,
advised banks that A minor of any age can open a savings/fixed/recurring bank deposit account through
his/her natural or legally appointed guardian;
Minors above the age of 10 years may be allowed to open and operate savings bank
accounts independently
ATMs to be made more Disabled-friendly
The Reserve Bank, on May 21, 2014, advised banks to take necessary steps to provide
all existing ATMs/future ATMs with ramps so that wheel chair users/persons with
disabilities can easily access them.
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June 2014
One Documentary Proof of Address for Bank Accounts
The Reserve Bank on June 9, 2014, simplified the requirement of submission of proof
of address with regard to the know your customer (KYC) norms while opening a bank
account, as follows:
(a) Customers may submit only one documentary proof of address (either current or
permanent) while opening a bank account or while undergoing periodic updation. In
case the address mentioned as per proof of address undergoes a change, fresh proof
of address may be submitted to the branch within a period of six months.
(b) In case the proof of address furnished by the customer is not the local address or
address where the customer is currently residing, the bank may take a declaration of
the local address on which all correspondence will be made by the bank with the
customer.
Basel III Framework on Liquidity Standards
The Reserve Bank, on June 9, 2014 announced the Guidelines on Liquidity Coverage
Ratio (LCR), Liquidity Risk Monitoring Tools and LCR Disclosure Standards. The
guidelines were finalised taking into account comments and feedback of stakeholders.
The LCR would be binding on banks from January 1, 2015.
With a view to providing a transition time to banks, the LCR requirement would be
minimum 60 per cent for the calendar year 2015 beginning January 1, 2015 and rise in
equal steps to reach 100 per cent on January 1, 2019, as per the time-line given
below:
Jan 1, 2015 Jan 1, 2016 Jan 1, 2017 Jan 1, 2018 Jan 1, 2019
Minimum LCR
60 per cent 70 per cent 80 per cent 90 per cent 100 per cent
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The Government of India constituted the SIT to implement the decision of the Honble
Supreme Court on large amounts of money stashed abroad by evading taxes or
generated through unlawful activities.
July 2014
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The Reserve Bank released on July 22, 2014, the Framework for dealing with Domestic
Systemically Important Banks (D-SIBs). The Framework discusses the methodology to
be adopted by the Reserve Bank for identifying the D-SIBs and additional regulatory/
supervisory policies which D-SIBs would be subjected to.
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ANSWERED ON 05.08.2014
RESERVATION BILL
Will the Minister of SOCIAL JUSTICE AND EMPOWERMENT be pleased to state:(a) whether the Government is considering any proposal regarding reservation and
reservation in promotion and if so, the details thereof and the time by which the
same is likely to be implemented; and
(b) the time by which the Government is likely to bring in a Bill in this regard and
present it to Parliament?
ANSWER
MINISTER OF STATE FOR SOCIAL JUSTICE AND EMPOWERMENT (SHRI SUDARSHAN
BHAGAT)
(a) and (b): The bill to amend the Constitution to provide impediment free
reservation in promotion to Scheduled Castes and Scheduled Tribes was passed by the
Rajya Sabha on 17/12/2012. However, the said bill could not be considered and
passed in the Lok Sabha and the bill lapsed on the dissolution of the 15th Lok Sabha.
The matter is under examination of the Government.
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The maximum investment in PPF during a financial year has been increased from Rs
1.00 lac to Rs 1.50 lac as per the notification issued by Ministry of Finance dated
13.08.2014.
Stand Alone Motor Third Party Insurance Policy for Two Wheelers for a period of
three years is permissible subject to certain condition as per the orders of Insurance
Regulatory and Development Authority vide No IRDA/NL/CIR/MOIP/192/08/2014
dated 04.08.2014
The above Govt Circulars / Office Memorandums / Guidelines / Lok Sabha question
are downloaded from the concerned Ministrys official website - Editor
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Whats New?
Pradhan Mantri Jan Dhan Yojana:
Prime Minister Narendra Modi Thursday launched the Pradhan Mantri Jan Dhan Yojana,
a flagship project of the union government. Around 15 million bank accounts were
opened in a day.
Highlights of the scheme:
About 15 million accident insurance policies done on a single day and same number of
bank accounts opened.
Programme held at around 77,000 locations with the participation of chief ministers,
union ministers and bank officials.
Target to cover 7.5 crore households with at least one account will be achieved by Jan
26, 2015.
Universal access to banking facilities for all households through a bank branch or a
fixed point business correspondent called "Bank Mitra".
Coverage of all households with at least one basic banking account with RuPay debit
card having inbuilt accident insurance cover of Rs.1 lakh.
Additional Rs.30,000 life assurance cover for those opening bank accounts before Jan
26, 2015.
An overdraft facility of up to Rs.5,000 after satisfactory operation for six months.
Full range of banking services would be possible through ordinary mobile phones.
Financial literacy to be imparted up to village level.
Expansion of Direct Benefit Transfer under various government schemes.
The second phase of rollout will involve providing micro-insurance to people.
Unorganised sector pension schemes like 'Swavalamban' will be provided through
business correspondents in the second phase.
The programme is in mission mode with Finance Minister Arun Jaitley as the head.
Households being targeted instead of only being villages targeted earlier.
Platform has been built by the National Payment Corporation of India that connects all
banks and all telephone networks in the country.
The platform helps a customer access his/her account with any mobile set.
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Friend & Guide wishes them Health & Happiness in their life
CBOA - Friend & Guide
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Blame it on Facebook
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Photo Gallery
Womens meet at Chennai Region on 27.04.2014
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Bangalore Region
General Secretary
addressing the POs on
15.07.14
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Bhopal Region
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Jalandhar Region
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Chandigarh Region
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R C meeting at Meerut
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CHENNAI REGION
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Vice President Sri J Vanangamudi hoisting National Flag at Erode (Coimbatore Region)
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Madurai Region
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An external training was sposored by the Bank at Ooty for the E C members of CBOA
on Training for Trade Union Functionaries from 23.06.2014 to 25.06.2014 for the 1st
batch & from 08.07.2014 to 10.07.2014 for the 2nd batch. 90 E C members
participated.
On 10.07.2014, valedictory function was held.
Sri V Sundaram, DGM, H R Wing, HO, Sri G V Manimaran, General Secretary, Sri S H
Rana, Course Coordinator, The Director of Institute of Public Administration,
Bangalore and other participants of 2nd Batch are seen in the picture.
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Varanasi Region
General
Secretary
addressing
general
members at
Varanasi
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