HAPPY UGADI TO ALL OUR VIEWERS

DATA REQUIREMENT GEOGRAPHICAL INFORMATION SYSTEM (GIS) TO BE SUBMITTED TO DFS – MOF-GOI UNDER PMJDY

We reproduce herewith the Letter No. 2015/48 ,Dt: 19.03.2015 addressed to The Chairman, IBA, Mumbai by Shri Harvinder Singh, General Secretary, AIBOC for your information.

Letter No. 2015/48                         Date: 19.03.2015

The Chairman,

Indian Banks’ Association,

Mumbai.

Respected Sir,

DATA REQUIREMENT GEOGRAPHICAL INFORMATION SYSTEM (GIS) TO BE SUBMITTED TO DFS – MOF-GOI UNDER PMJDY

                We understand that Department of Financial Services (DFS), Ministry of Finance (MOF), Government of India (GOI) has asked the banks to submit data / details with respect to the location of branches, available services, customer friendliness and contact details, image of concerned officials to develop a common Geographical Information System for locating bank branches.

MEETING OF THE SUB-GROUP TO DISCUSS CHARTER OF DEMANDS OF OFFICERS’ ASSOCIATIONS HELD ON 16TH MARCH, 2015 AT MUMBAI

Dear Viewers,

We reproduce hereunder AIBOC Circular No.2015/18 dated 18-03-2015  issued by 

Com. Harvinder Singh, General Secretary, AIBOC, for your information.

IMPORTANCE OF PASSWORD SECRECY - Court acquits bank Assistant Manager

We are bringing herewith the important case cited by LVBOA in its circular on the seriousness and  importance of maintaining the secrecy of passoword to safeguard and secure the future of all the officers fraternity.

Reservation facilities for Sr citizen and female passengers including pregnant women.

GOVERNMENT OF INDIA

MINISTRY OF RAILWAYS

RAILWAY BOARD

No. 2007/TG-1/20/P/Pt-II 

New Delhi, dated 13.03.2015.

The Chief Commercial Managers 

All Zonal Railways 

The Managing Director, CRIS,

Chanakyapuri, New Delhi.

Commercial Circular No. 15 of 2015

Sub: Reservation facilities for Sr citizen and female passengers including pregnant women.

Ref: Commercial Circulars No. 6 of 2000, No. 40 of 2007 and No. 65 of 2008

14 PSBs in govt’s hot list for high level of stressed assets

As many as 14 public sector banks have reported stressed assets — non-performing assets (NPAs) and restructured loans — of over 13.03 per cent of their advances, the average of weak assets of PSU banks during the period ended December 2014.

According to a report prepared by the Department of Financial Services in the Finance Ministry, Central Bank of India tops the list of 14 banks with 21.15 per cent of its advances stuck in NPAs and restructured loans.

Govt Press Bureau - Fine for harassment of women at workplace

The Supreme Court of India laid down formal guidelines for dealing with sexual harassment at the workplace in the case of Vishakha Vs. State of Rajasthan. The guidelines clearly state that all workplaces should constitute a Complaint Committee to deal with complaints of sexual harassment. Taking forward the Supreme Court guidelines, “Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013” was enacted which came into force with effect from 9th December 2013.

Service conditions to get better for bank staff; coming, leave policy

Bank employees, especially from the public sector, are likely to see service conditions improve substantially.

A host of service condition improvements are being considered by managements, including a “Leave Bank” system, privilege leave four times a year (against three times now), six months maternity leave for adoption of child (two months now), and paternity leave. This is in addition to getting a 15 per cent hike in salary under the industry-wide wage settlement agreement signed recently.

Under the ‘Leave Bank’ system, employees can voluntarily donate a part of their entitled leave to a common pool. The “Leave Bank” will sanction leave with salary to employees who are compelled to be on prolonged leave due to treatment of major diseases or accidents and other contingencies beyond their control and where such employees have exhausted all their leave.

Communication to Prime Minister of India

We reproduce herewith the communication sent from Shri Harvinder Singh, GS, AIBOC to Honourable Prime Minister of India, Shri Narendra Modiji on         "NEW NORMS FOR APPOINTING MDs & CMDs

PL MAIL YOUR SUGGESTIONS TO MR.SB RODE,GS,AICBOF

ON OUR STRONG PROTEST MANAGEMENT HAVE CALLED US FOR DISCUSSION ON MERGER OF REGIONS ON 18-MAR-2015. MAIL YOUR SUGGESTIONS                                   - SB RODE, GS AICBOF. 

----------------------------------------

Mail ID: sbrodepune@gmail.com

----------------------------------------

WAGE REVISION FLASH

"IN THE MEETING HELD ON 16.03.2015 BETWEEN UFBU & IBA ISSUES OTHER THAN SALARY AND ALLOWANCES AS LISTED IN CHARTER OF DEMANDS WERE DISCUSSED. TALKS WERE POSITIVE AND SHALL CONTINUE. IBA IS REFERRING CERTAIN ISSUES TO THEIR HR COMMITTEE. NEXT DATE WILL BE INFORMED BY IBA SOON."

Income Tax Rules Tightened on PF Withdrawals

Finance Minister Arun Jaitley in his Budget proposals tightened the income tax law on withdrawal of provident fund. Under the proposed tax law, provident fund withdrawal before five years of continuous service will attract a TDS (tax deducted at source) of 10 per cent.

Employers, workers may shell out more for EPF contributions

Employers as well as formal sector workers may have to shell out more towards Employees’ Provident Fund with the government proposing to include all allowances in the wages for deducting PF contribution.

According to the new definition of the wages, as proposed in a draft bill, for the purpose of computing provident fund contributions by employers as well as employees, the wages would include basic pay and allowances.

TOP DEFAULTERS IN INDIA

Courtesy:Dinamalar-13/03/2015

கடன் வாங்கி ஏப்பம் விட்ட நிறுவனங்கள் முன், வங்கி ஊழியர்கள் ஆர்ப்பாட்டம்

நாடு முழுவதும் உள்ள தேசிய மயமாக்கப்பட்ட வங்கிகளுக்கு, பல ஆயிரம் கோடி ரூபாய், வராக் கடன் உள்ளது. கோடிகளில் கடன் பெற்ற, கார்ப்பரேட் நிறுவனங்கள், வாங்கிய கடனை செலுத்தாமல் உள்ளன. வராக் கடன், வங்கிகளுக்கு பெரும் சவாலாக உள்ளது. வராக் கடனை வசூலிக்க முடியாத வங்கிகளை, நலிந்த வங்கிகள் என அறிவித்து, அவற்றை மூடவோ அல்லது வேறு வங்கிகளுடன் இணைக்கவோ நடவடிக்கை எடுக்கலாம் என்ற அச்சுறுத்தல் நிலவுகிறது.

இந்நிலையில், வராக் கடனை வசூலிக்க, சட்ட ரீதியான நடவடிக்கைகளை வங்கி நிர்வாகங்கள் எடுக்கும் அதே நேரத்தில், ஊழியர்கள் மற்றும் அதிகாரிகள் இணைந்து,வராக் கடனை வசூலிக்க, புதிய யுக்தியில் இறங்கி உள்ளனர்.

கடன் பணத்தை வசூலிக்க, அந்த நிறுவனங்கள் முன், ஆர்ப்பாட்டத்தில் ஈடுபடும் புதிய யுக்தியை கையாள துவங்கி உள்ளனர். மற்ற எல்லா தேசிய மய வங்கிகளுக்கும் வழிகாட்டியாக, ஆந்திரா வங்கியின், அண்ணா சாலை கிளை ஊழியர்கள், நேற்று, சென்னையில், ஜெய்ப்பூர் சுகர்ஸ், எம்ப்பீ சுகர்ஸ்' ஆகிய கார்ப்பரேட் நிறுவனங்கள் முன், 'கடனை திருப்பிக் கொடு' என்ற, வாசகங்கள் அடங்கிய பதாகைகளை பிடித்தபடி, தர்ணாவில் ஈடுபட்டனர்.

Sick PSU banks can put you in trouble, IMF warns India

A further weakening in balance sheets of banks and companies might pose a risk to the nascent economic recovery, the International Monetary Fund’s (IMF) staff report on India has said.

Nine general managers to the post of executive directors in various public sector banks (PSBs).

The Centre has elevated as many as nine general managers to the post of executive directors in various public sector banks (PSBs).

The nine general managers who have been appointed as executive directors are Ravindra Marathe ( from Bank of Baroda to Bank of India); K.V.R. Moorthy (from Bank of Baroda to Bank of Baroda); Harideesh Kumar ( from Vijaya Bank to Canara Bank); Kharat Kishore Piraji (Bank of Baroda to Union Bank); N.K.Sahoo (from Canara Bank to Allahabad Bank); Ravishankar Pandey (from Union Bank to Syndicate Bank); Rishab Lodha ( from Union Bank to Central Bank of India); Pawan Kumar Bajaj (from Bank of India to Indian Overseas Bank); and Charan Singh (from Bank of India to CUB Bank).

A panel headed by the Reserve Bank of India Governor Raghuram Rajan had interviewed 35 candidates on December 25 last year in New Delhi.

Interestingly, all the 33 General managers who had appeared for the interviews a year ago, again attended the interview in December also.

Small Committee Meeting

Small Committee Meeting 

with Officer Unions,  will be held 

on 16th March, 2015  

at Mumbai.

Government Guidelines - Bringing outside influence for transfer/postings etc.

F.No.4/9/1/2014-IR 

Government of India 

Ministry of Finance 

Department of Financial Services 

Jeewan Deep Building, 

IIIrd Floor, Parliament Street, 

New Delhi Dated 

the 2nd March, 2015 

To
CEOs of all Public Sector Banks 

including IDBI and SBI Associates 

Subject: Bringing outside influence for transfer/postings/ disciplinary matters/appointments etc. 

Sir,

I am directed to refer to the subject cited above and to say that some employees of Public Sector Banks have been using political pressure/ bringing outside influence in matters related to their transfers/postings/ disciplinary matters/ appointments' etc to this Department. The issue has been examined in this Department and it has been decided to advise the Banks to sensitize their employees to refrain from such activities so as to avoid disciplinary action as per rules. 

2. In this context, Banks are once again advised to frame a fair and transparent system of transfers/postings as already conveyed vide this Department's letter dated 13th January, 2015 and also to build a robust mechanism to address the grievances of their employees at their level. 

3. This issues with the approval of Secretary (FS). 

Yours fait fully, 

sd/-

(Manish Kumar) 

Under Secretary to the Government of India 

HAPPY HOLI

Moody's downgrades IOB, Central Bank's deposits

Ratings agency, Moody's, has downgraded ratings for Central Bank of India and Indian Overseas Bank's (IOB) local and foreign currency deposits from "Baa3" to "Ba1" following government's policy to differentiate between public sectors banks (PSBs) when distributing capital.

The government has indicated that efficient banks will receive capital from its majority owner (Government of India). PSBshave to reorient policies to rejig businesses and compete forequity capital.