CIRCULAR/GS/2013/36 29th Dec 2013
TO ALL OFFICERS:
WELCOME THE NEW YEAR-2014
We wish you all a very Happy and Successful New year. We wish and hope that the New Year ushers in an era of peace & prosperity.
The Year 2013 draws to a close. Each one of us should be proud of the fact that our Federation has retained the image of purpose oriented and value based Trade union by taking up the issues for a cause dearer to our heart. It is true that some of us have been put to a lot of inconvenience in the process. But we have taken it cheerfully with the hope that this will help us surmount bigger challenges that may be in store for us. Never have we felt let down or discouraged. The days ahead may through us bigger challenges. Let us resolve in the New Year that we will do everything in our command to face them with courage and conviction.
AICBOF believed and practiced value system in its working Vis-a Vis its relationship with members as well as the management. It always believed and promoted Honesty and Integrity among members, which have aligned well with the work culture in the Bank. This remains as the corner stone of its strength. We appeal to those who are in the unorganized segment and those who are in the minority group, Please join the majority officers Federation to protect the self respect of the officers.
The issues before us are countless. We need to concentrate our struggle on salary revision. With hopes of better and bright future for all of us, we have to move hand in hand together to achieve our goals and aspirations. We have the confidence that with a resolve to achieve our legitimate charter of demands.
May God Bless us abundantly to face the challenges that lie in wait
SHORT TERM PLAN
Banking industry is passing through the hardest phase of its existence in the background of mounting NPS’s, which have been increasing by leaps and bounds. With deteriorating Asset quality and profitability, Our Bank has introduced Short Term Plan, with the focus on Business volumes which are required to be improved substantially. It is a known fact that every percentage increase in the business volume mainly mortgaged based Retail lending, will make material improvement in the Bank’s profitability. We request you all to reinvent ourselves by chalking out the localized strategies for the successful implementation of STP of our Bank, which are listed as under:
1. RETAIL LENDING: While concentrating on retail lending(Housing loans, Cent Mortgage, Cent Rental and Cent Trade)utmost importance should be given to the quality aspects and the steps should be steady, measured and in the right direction. Some of our friends always argue that banking cannot be successful without deviation. We can only tell them ‘Deviate not as a norm, but as an exception, that too Deviate after taking prior permission. At the same time we wish to remind the reality, when the going is good ‘Deviation’ fetches you awards and promotion, but when things turn sour, the very same ’Deviation’ drags you down. Such opportunistic “system response” does not augur well for any organization.
2. CASA: We will have to direct our efforts in canvassing low cost deposits, as the cost-push factor is always straining the bottom line of our Bank.
3. RECOVERY DRIVE: We will have to meet all the NPA borrowers for the desired results.
Friends, keeping in mind as much we know about the Bank and almost all of you, we are confident that all of us can take our Bank to the respectable presentation by adopting turn around strategies, for the year ending Mar-2014 onwards.
LET US SET OUR GOALS & MOVE FORWARD, THE VICTORY IS BOUND TO BE OURS.
( A.R.Saifullah )
A I B O C ---ZINDABAD
A I C B O F ---ZINDABAD
NO MATTER HOW BUSY YOU ARE WITH YOUR JOB &
LET YOUR FAMILY KNOW,YOU ARE ALWAYS AVAILABLE TO THEM