CIRCULAR/GS/2014/02
18th Jan 2014
TO
ALL OFFICERS:
Dear Friends,
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,
(A.R.Saifullah)
General Secretary
OFFICERS’ UNITY —ZINDABAD
A I B O C --ZINDABAD
A I C B O F --ZINDABAD
WHAT’S DONE IS DONE WHAT’S GONE IS GONE
ONE
OF LIFE’S LESSONS IS ALWAYS MOVING ON.
IT’S
OK TO LOOK BACK AND THINK OF FOND MEMORIES
BUT KEEP MOVING FORWARD STEP BY STEP
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