Promotion Process 2014-15 - Release of empanalled candidates

Release of promotion of empanelled candidates S-III to S-IV, S-IV to S-V and S-V to S-VI

We are pleased to inform that our Central Office has released promotion orders for the empanelled officers, wef 01.09.2014, selected in the promotion processes held during 2014-15.

 

 We wish them all the best.

PROMOTION FROM SMG SCALE V TO TEG SCALE VI

Sr No	Name of the executive	PF No.	Present Placement	Posted to
1.	Mr P Salvatore	061469	RO SURAT	SRM,RO SURAT,ZO AHMEDABAD

PROMOTION FROM SMG SCALE-IV TO SMG SCALE V

Sr. No	Name	PF No.	Present Placement	Posted to
1	Mr.Binod Kumar Pandey	083071	ELB Kranti Chowk, Aurangabad, ZO Pune	Branch Head, ELB Kranti Chowk, Aurangabad, ZO Pune
2	Mr.Anil Tripathi	040855	ELB HLCC, ZO Ahmedabad	Branch Head, ELB HLCC, ZO Ahmedabad
3	Mr.Debabrata Mohanty	075946	ELB Karnal, ZO Chandigarh	Branch Head, ELB Karnal, ZO Chandigarh
4	Mr.Sunil Kumar Jha	075831	ELB Opera House, MMZO	Branch Head,ELB Opera House, MMZO
5	Mr.Swadesh Chandra	072118	ELB Bandra-Kurla Complex, MMZO	Branch Head, ELB Bandra-KurlaComplex, MMZO
6	Mr.Sridhar Sahoo	087324	ELB Barabazar, ZO Kolkata	Branch Head, ELB Barabazar, ZO Kolkata

PROMOTION FROM MMG SCALE-III TO SMG SCALE IV

Sr. No	Name	PF No.	Present Placement	Posted to
1	Mr.Anil Gupta	91190	BO Nahan,ZO Chandigarh	BO Nahan,ZO Chandigarh
2	Mr.A V Durga Prasad	49655	CCPC Chennai	CCPC Chennai
3	Mr.AshokWadhwa	63530	Recovery Deptt.,CO	Recovery Deptt.,CO
4	Mr.RabindraNathDubey	83638	ZO Patna	ZO Patna
5	Mr.Sunil Kumar Jain	49704	BO Lohamandi,Agra	BO Lohamandi,Agra
6	Mr.PMuralidas	79078	BO Sembiam,ZO Chennai	BO Sembiam,ZO Chennai
7	Mr.RajivRanjanSinha	81314	BO Sidhapudur,ZO Chennai	BO Sidhapudur,ZO Chennai
8	Mr.Ashok Kumar Singh	53416	BO Lanka,Varanasi,ZOLucknow	BO Lanka, Varanasi,ZOLucknow
9	Mr.Ambar Kumar Kar	45526	BO Baranagar, Kolkata	BO Baranagar, Kolkata
10	Mr.Bhamidipati Shish Giri	57335	BO Karur,Chennai	BO Karur,Chennai
11	Mr.BKesavaRao	64057	MCB, Vijayawada,ZO Hyderabad	MCB, Vijayawada,ZO Hyderabad
12	Mr.J B Adhikari	55259	RO Siliguri,ZO Kolkata	RO Siliguri,ZO Kolkata
13	Mr.Ganesh Ram Meena	47773	BO Tallakulam,Madurai,ZO Chennai	BO Tallakulam, Madurai,ZO Chennai
14	Mr.Raj Kumar Tripathi	56846	LBO Bhopal	LBO Bhopal
15	Mr.PJegannathan	42452	BO PeeniyaInd.Area,ZO Hyderabad	BO PeeniyaInd.Area,ZO Hyderabad
16	Mr.BasantLal	44963	ATM Cell,CO	ATM Cell,CO

NEW CHAIRMAN FOR IBA

The Indian Banks’ Association has elected TM Bhasin, Chairman and Managing Director of Indian Bank, as the Chairman of the Association for 2014-15. 

He was elected at the Association’s 67th annual general meeting. 

Prior to Bhasin, KR Kamath, CMD of Punjab National Bank, was the IBA Chairman. The AGM also elected three Deputy Chairpersons — Arun Kaul, CMD, UCO Bank; SL Bansal, CMD, Oriental Bank of Commerce, and Chanda Kochhar, MD & CEO, ICICI Bank — and an Honorary Secretary — Arundhati Bhattacharya, Chairman, State Bank of India.

RBI governor Raghuram Rajan reassures staff, reiterates need for restructuring

The Reserve Bank of India (RBI) governor,Raghuram Rajan, met trade union leaders on Tuesday, advocating lateral recruitment and creation of an additional deputy governor's post for the monetary policy, while trying to allay their fears on a few proposals. At a meeting attended by the top brass of the central bank - the United Forum of RBI Officers -the officials expressed their misgivings on Rajan's plans to restructure and reorganise the bank.

NEW GOVT DIRECTIVES TO PSBs on LADY EMPLYEE TRANSFER NORMS;HL TO STAFF AND COMPASSIONATE APPOINTMENTS

Employees at public sector banks (PSBs) have much to cheer, with the government announcing a series of feel-good steps. Women separated from their families will now get a preferential treatment in transfers, and next of kin of the employees who die in service will be provided employment on compassionate grounds.

The government has also asked the Indian Banks Association to include a board-approved employee home loan scheme as part of wage negotiations. The freedom to structure a favourable home loan scheme for employees will help banks deploy surplus funds and provide a boost to housing.

Preferential transfers will come as a relief to thousands of women bank employees, but the move could cause some operational upheaval in the short term.

In a circular to all banks, the department of financial services said that “female employees when placedtransferred away from their husband or parents to distant locations face a genuine hardship and develop a feeling of insecurity”.

It said that banks should as far as possible place or transfer a woman employee to a place where her husband is stationed or nearby. Similarly, unmarried women employees should be posted close to their parents’ place.

“PSBs are, therefore, advised to frame a policy on the subject with the approval of their board suitably incorporating the above and take immediate action for implementation and compliance.

Pending requests may be considered under these guidelines,” the circular said.

‘Compassionate employment’ or employment to children or spouses of the employees who die in service was discontinued after 200405. The finance ministry circular, addressed to the chairman of the Indian Banks Association, says that the government has approved the reintroduction of ‘compassionate appointment’ in public sector banks on the lines of the central government scheme with effect from August 5. It has discontinued the provision of ex-gratia payment in lieu of such appointments.

Courtesy:TOI

TOP LEVEL APPOINTMENTS IN PSBs - NEW NORMS TO BE FOLLOWED

Courtesy:TOI

HAPPY INDEPENDENCE DAY WISHES

Relook on recent appointments of top-level public sector bank executives

Courtesy: TOI

PRIVATE BANK'S PAY TIPS THE SCALES

The world of finance in India is a study in contrast. The gulf between private and public sector banks has been widening on various parameters — growth, bad loans, profitability, service standards, product innovation and many more.

The most glaring difference between the two banking segments is in the compensation and incentive structure. Private sector bankers are paid astronomical sums, which they justify on grounds of profitability — performance determines pay. 

Now, there is a need for a change in state-owned banks' pay structure given that they handle as much resources, if not more, than their private peers. 

Courtesy: Economic Times

DA REVISED TO 102.45% FOR AUG SEP OCT-2014

REVISED DA FROM AUG-2014 

Now CPI for all the three months has been announced for relevant months and the same is as follows:-  

Month	CPI
April 2014	5523.87
May 2014	5569.52
June2014	5615.17

 Based on the above calculations the new DA is to be @ 102.45%, for the months of  August,  2014 to October  2014.   [The DA for May  2014 to July  2014 was  97.50% ] i.e. increase  of 4.95%. (increase of 33 slabs)  We give below the DA for August,  2014 onwards vis a vis existing DA, alongwith  the increase in DA at various levels of scales .

CIRCULAR/GS/2014/20

CIRCULAR/GS/2014/20                                                            29.07.2014                     

TO ALL OFFICERS:

Dear Friends,

PLIGHT OF THE OFFICERS

UNTHOUGHTFUL ATTITUDE OF THE MANAGEMENT

AND THEIR TANTRUMS SHALL NOT PAY

The setbacks in performance parameters in our Bank since last year are an alarming factor which requires more debates and discussions. More importantly, it should be the endeavor of the Management to balance the expectations versus reality and build consensus that actions and results will be calibrated. However, from our meetings with Corporate Management, we observe that the approach is still impracticable and actions are only focused to harass branch heads on flimsy grounds. The officers around the country are approaching us with a feeling of helplessness generated due to the approach of management.

The issues which are shared by the officer colleagues are listed as under for information.

1.      Declining / rejecting genuine claims of leave. 

     Branch managers are not allowed to avail a day’s casual in emergent situation. They are scolded on the issue of achievements of targets. Are the branch heads slaves of the management? It is beyond imagination that branch heads can anticipate the eventualities before 30 days as expected by management. The way officers have been ill-treated and humiliated is unprecedented. It is a sorry state of affairs that branch heads are treated as if they are criminals. Young brigade Branch managers recently posted have a feeling that declining leave increases their unhappiness which turns in to anger and disgust, ultimately affecting performance of the branch. Even the leave applied for own marriage or the joining leave upon the transfer are declined / curtailed, thereby jeoparding self respect and confidence level.  Indeed, the healthy and conducive atmosphere can turn around the whole situation prevailing in the Bank.

2.       Achievement of targets.

   The officers are being forced to sit late, attend the office on holidays and Sundays and compelled to fulfill unrealistic and arbitrarily fixed targets without the required infrastructure, manpower and support of the management. Every other day branches get targets for new tasks. Reasonable targets depending upon potential of the area and with the adequate staff strength need to be fulfilled but not by targeting the field functionaries in the name of manpower budget, which has become tragic case in our Bank. It is a feeling in officers’ community, especially in the generation next, that the excercise of categorization of branches is only with a view to deprive the promotional avenues and create frustration.

3.      Attitude and actions of the Management.

    On the one hand,  officers are under tremendous pressure for achieving business targets and on the other, facing unprecedented situation of conflicting decisions from various executives. In large number of rural branches, there are hardly one or two officers including the Branch Manager. The bank as a whole is suffering from severe shortage of officers. It is surprising that some of the Zonal / Regional heads have preferred to issue memos for not achieving the business targets. Zonal / Regional heads are acting like "SUBHEDARS" and implementing their own agenda. They have gone to such an extent that they are refusing even to discuss matters of officers interest thereby provoking all organizations.

     Management is under the impression that branch managers have "ALLADIN KA CHIRAG" for achieving the growth standards. The speed in which the applications for VRS / Resignation are received is the indicator of dictatorial attitude of management. A good management funda prevailing in the industry is RETENTION POLICY, whereas our Bank is adopting the EXIT POLICY. In response to our effort to bring number of violations to the notice of management, an attitude of WE DON’T CARE has been adopted.

4.      Who is responsible for present position?

    Every now and then and in each meeting, Zonal & Regional heads are showing their concern regarding unimaginary loss posted by our Bank, for March 2014.In their communications to branch heads; it is also highlighted as to the huge NPA in our Bank. The few MCBs and top management are the architects of such a huge provision, NPA and loss to the Bank. It is surprising that Bank is attempting to pass the burden of these failures on the shoulders of common masses of officers who are pillars of the Bank.

We hope that management will understand the importance of peaceful Industrial Relations for the development and growth of our Bank. But, the management is creating a situation of strife amongst the branch heads resulting in Industrial Unrest.

Friends, please be patient. We will come back to you at the appropriate time.

LONG LIVE OUR UNITY

WITH GREETINGS

Yours Sincerely,

(S.B.RODE)

GENERAL SECRETARY 

                                                                              OFFICERS’ UNITY      --          ZINDABAD

                                                                              A I B O C                         --          ZINDABAD

                                                                              A I C B O F                     --          ZINDABAD

TRUTH FLOWS FROM UNIVERSAL LAW, NOT BY PERSONAL VIEWS