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SBIOA NEWS BULLETIN

April - 2018

Golden Jubilee 1965 - 2015

IT IS PROVISIONING NORMS OF RBI WHICH IS LEADING TO A BANKING CRISIS

TIME TO WAKE UP.

The Banking Sector is moving towards a crisis due to changes brought in the Asset Classification and Provisioning Norms which RBI keeps on changing. The Research Wing of AIBOC has the following recommendations to save the Banking Sector.

1. RBI Circular to be Withdrawn:-

The Circular No.:RBI/2017-18/131 DBR.No.BP. BC.101 / 21.04.048 / 2017-18 dated 12th Feb 2018 issued by RBI is only going to increase the NPA and Provisions. It is estimated that all Public Sector Banks and most of the Private Banks also make losses due to this revised norms, which will lead to a financial crisis which the country cannot afford now.

Net loss is expected to exceed One Lakh cr. Because of this norms which are unscientific.

2. Asset Classification Norms to be changed:-

In 2001, the Gross NPAs of Public Sector Banks was 13.11% and which did not create any crisis, whereas 12.5% GNPA now is creating a crisis because of the Provisioning Norms.

Provision for Standard Assets should be kept in abeyance. From 90 days, suddenly 30 day norm has been brought in which will have a drastic impact.

The Asset Classification Norms should take the security available into account. The accounts guaranteed under (CGTMSE) have to be classified differently. The Housing Loans with mortgage of house property, the NPA

should be only the amount in default and not the whole outstanding.

SME borrowers (inclusive of Transport Operators) faces the crisis of working capital flow in the market due to the advent of GST and Demonetization. The NPA recognition for Loans & Advances extended to SME borrowers upto the limit of Rs.5 crs should be 180 days instead of 90 days as at present after the loan is identified as SMA.

Loans extended to the Social & Downtrodden sector, in order to implement the strategies and objectives of the Central Govt/ State Govt, (PMMY, Start Up Entrepreneurs, Alternative or Renewable Energy Sector, SC/ST and Women Ent repreneur) , suffers f rom generation of income very often, and remains un-organised to cope up with the volatile economic situation. In order to recycle the Bank's fund, the NPA recognition norms should be 365 days instead of 90 days norms.

Asset classification norms followed in different countries is given as Annexure 5-7. The details prove that in our country there is a need to change the present norms.

3. Restructuring of Loans should not be stopped:-

The RBI instead of implementing the recommend-ations of the Working Group recommendations on restructuring, it is now trying to put an end to restructuring for loans above Rs.2000 Crores and referring them to NCLT which will be destroying the industries and also destroy the Banks which

Golden Jubilee 1965-2015

2SBIOA NEWS BULLETIN

have lent based on the policies of the Government and RBI. The RBI has also withdrawn the restructuring schemes for new NPA which would affect both the Industry as well as the Banks.

4. Provisioning Norms need change:-

The Provisioning Norms followed in different countries is given as Annexure 1 and provisioning norms in our country is given as Annexure 2. Due to this the Operating Profit of Public Sector Banks including SBI and IDBI was Rs.1,58,982 crores as on March 2017, whereas the total NPA Provisions was 1,63,939 crores. (See Annexure 3).

Provisioning for Housing Loans cannot be same as that of an overdraft.

Similarly the provisioning for the loans covered under CGMTSE should be different than that of other loans.

Infrastructure Industry and a medium enterprise cannot be treated at par.

To provide 50% on the outstanding in the first year itself for accounts transferred to National Company Law Tribunal (NCLT) is totally irrational.

Banks have been asked to provide another 50% in the second year as if, there will be no recovery in these corporate advances. Most of these concerns are running units and they have huge assets including land and building. The provisioning can be maximum 15% in the first year based on a fair assessment value.

5. Implement recommendations of the Parliamentary Standing Committee:

It is more than 2 years since the Parliamentary Standing Committee submitted its recommend-ations which were supposed to have been implemented within a year. We appeal to the Government and RBI to implement the recommendations at the earliest. The Parliament Standing Committee on NPA in its report submitted in Feb 2016, in the 6th recommendation (Total 14 Recommendations) stated as;

Salient Features of the recommendations are;

developing and strengthening a vibrant bond

market to finance infrastructure projects as only banks and such other financial institutions are involved in funding large projects and there is huge mis-match between their deposit tenure and credit term.

the Government should make the necessary structural changes including revival of Development Financial Institutions (DFI) for long-term finance.

the Committee also urges the Government for allowing Infrastructure Finance Companies (IFCs) to purchase infrastructure projects turning into NPAs and keep them as Standard Assets.

the Committee desire that there should be separate norms for NPA classification for infrastructure and non-infrastructure loans

By implementing these recommendations of the Parliamentary Standing Committee on Finance, the Government can help the Public Sector Banks to reduce their debt burden to a large extent.

This will also help the companies involved in infrastructure promotion to survive and will be encouraged to improve the infrastructure. International experiences show that countries which support Development Financial Institutions are seeing overall growth in the economy.

The Asset Classification and Provisioning norms affect the Banks badly. (Annexure -2). The AQR created havoc on banks' profit & loss accounts as many large lenders slipped into losses due to provisioning of even standard assets and bad loans which jumped by 80 per cent in FY16, according to RBI data. Hence, it is established that the rise in NPA in the Indian banking Sector is primarily because of the RBI's forceful implementation of AQR.

6. Reorient the Banking Policies:-

Review the Banking policies implemented in the last 27 years and reorient them towards the upliftment of the masses of the country and to give fillip to priority sector such as agriculture, cottage

and village industries, small and micro enterprises, which will create employment. There should be ceiling on lending to corporates and they should move to the market for mobilisization of funds through bonds or shares. That will also add to scrutiny and supervision.

7. No tax on NPA Provision:-

The Government should also consider waiver of tax on NPA provisions.

8. Defer implementation of IND-As:-

Ind AS (as commonly known in India), is essentially bringing in the global standards on accounting to India. Corporate entities have already started implementing Ind AS from April 1, 2016, in a phased manner, whereas banks and NBFCs will start implementing it from April 1, 2018.

Adoption of Ind AS is expected to significantly enhance comparability of the financial statements of Indian banks with their global peers whereas the banking infrastructure in India, the customer base, the loan profile are totally different from that of the global counterparts.

The biggest impact of Ind AS comes from Ind AS 109 (equivalent of IFRS 9), an accounting standard on Financial Instruments, which impacts almost all line-items of banks' balance sheets.

Ind AS 109 will lead to early recognition and higher provisions for loans and off-balance sheet exposures using expected credit loss (ECL) model, thereby also impacting capital requirements of the banks.

The Indian Banks have to upgrade their policies, IT systems and most importantly their capital for implementation of Ind AS, otherwise it will only bring further woes for the Indian banks by increasing their NPAs more.

Hence as extended to LIC, Banks also should be permitted to defer the norms for atleast 2 years.

9. Learn from the Experience of Foreign Banks quitting India:-

India has ceased to be a priority for multinational foreign banks, as high capital and regulatory requirements in India have forced them to retreat in the last five years,

Deutsche Bank has sold its credit card business, Barclays has shut its retail banking business, swiss lender UBS has given up its banking licence and so did US-based multinationals Morgan Stanley and Goldman Sachs;

Bank of America-Merrill Lynch sold its wealth management business to Julius Baer and Dutch banking group ING sold its Indian operations to Kotak Mahindra Bank.

The British bank RBS, which shut 23 of its 31 branches in India and Standard Chartered reduced by a quarter its staff in corporate and investment banking.

HSBC, too, announced that it will shut down its private banking business. Hence there is an urgent need to change the Asset Classification and provisioning norms as well as Capital Adequacy norms.

10. Provide Interest on CRR:-

Another important aspect is CRR. The amount that banks set aside as CRR, does not fetch them any interest. The RBI has been using liquidity as a key instrument of monetary policy. By increasing the CRR (at times on temporary basis) from time to time, the additional burden is imposed on the banks, the RBI should reconsider its view on CRR.

11. Reimburse Expenditure on Govt Schemes:-

Lastly, the public sector banks are used by the government as tools for implementing the government schemes or social welfare schemes. Opening Jan Dhan Accounts, implementing Demonetization, enrollment of aadhar etc., It is unfortunate that the government does not reimburse the cost incurred by them. The RBI and Government should seriously consider these points to revise the public sector banks.

3 SBIOA NEWS BULLETIN


Real Neelkanthas: Citizens Consuming the Poison of Bad Loans & Bank Charges

Urjit Patel, governor of the Reserve Bank of India (RBI) is clearly furious. Having taken the blame for the badly-managed and futile demonetisation programme, he is apparently unwilling to be targeted for the Rs13, 000 crore Nirav Modi-Gitanjali Gems banking fraud as well, especially when RBI is being blamed for failed supervision. Speaking at a law university in Gandhinagar, he described the public anger that erupted after the Nirav Modi-Gitanjali scam as a 'tonne of honking' and a 'cacophony'. His short view: RBI has very little control over public sector banks (PSBs).

This is, perhaps, the first time in decades that the banking regulator is being held accountable–and with good reason. So, when finance minister (FM) ArunJaitley said that regulators “have to have a third eye which is perpetually to be open and looking at the sector,” the governor also responded with a mythological reference saying RBI, like Neelkantha (Lord Shiva), would 'consume the poison' (of blame) thrown up by the samudramanthan (churning of the ocean) in the interest of the stability of India's economic future.

We need to remind both, MrJaitley and Dr Patel, that it is the people who have been consuming the poison of bad loans and have kept PSBs alive. They have done this, first, by allowing the exchequer to fork out their money to recapitalise PSBs; and, second, by paying extortionate charges for banking services while banks earn a fat spread on their money. The government and RBI have been blind to the rising public anger over this loot.

If the RBI really feels 'anger, hurt and pain' over bank frauds, it should step out of its ivory tower and listen to criticism with an open mind, instead of dismissing it as cacophony. The flaunting of ill-gotten loot by many industrialists has gone on for far too long and must end before it erupts as public unrest. So let's look at whether Dr Patel's long lament about inadequate regulatory power holds water.

RBI's control over banks, including PSBs, is not merely about appointing and sacking directors or liquidating and merging banks. Its writ extends over

every aspect of everyday banking activity. That is why the central bank has always controlled banks through moral suasion alone. Had banks ignored RBI's writ, like Dr Patel claims, there would have been a bigger meltdown. More importantly, the Securities and Exchange Board of India (SEBI) and the ministry of corporate affairs got their statutes amended to give themselves draconian powers over companies, their boards and employees. Has it improved governance?

On the other hand, VimlaVishwanathan, a former executive director of RBI, could refer the activities of M Gopalakrishnan, chairman of Indian Bank, to the Central Bureau of Investigation (CBI) even though he was extremely close to former Prime Minister PV Narasimha Rao and the powerful Congress leader GK Moopanar. It ensured MrGopalakrishnan's exit after at least five extensions granted by the government and his eventual conviction and jail.

Governor Patel says that RBI does not have the power to sack a bank chairman. Would he then care to explain how Archana Bhargava, chairman and managing director (CMD) of United Bank of India, had to leave? She was allowed to resign on health grounds, after an investigation under the direct supervision of the then RBI governor RaghuramRajan indicted her, but also let her off. It is well known that Ms Bhargava's elevation as CMD, despite vigilance investigations against her, was due to her powerful political connections with the

Congress. Her sudden exit only establishes that politically connected bank chairmen can also be removed if RBI records misdemeanours and demands action instead of protecting bankers based on perception of their political power.

RBI has nominee directors on bank boards which clear all major loan proposals. Had these directors objected to dubious loans, in writing, it is unlikely the bank would dare to clear them without triggering vigilance and audit actions. Maybe, Dr. Patel should check if there are other reasons why his watchdogs on bank boards refuse to bark or bite. A mandatory annual disclosure by senior RBI officials of close relatives employed at regulated entities, usually with choice

Sucheta DalalThe Money Life Online, Published on March 26, 2018



overseas postings, or CSR foundations, would be extremely revealing.

Dr Patel has said, “It is simply infeasible for a banking regulator to be in every nook and corner of banking activity to rule out frauds.” That is correct. But what has RBI done after its own investigation has exposed fraud? Or when whistleblowers provided specific, documentary evidence? Here are three examples. RBI investigated the Rs7,000 crore Winsome Diamonds fraud five years before Nirav Modi-Gitanjali and more. What steps did it take to root out the fraud? It apparently “issued precise instructions via three circulars in 2016 to enable banks to eliminate the hazard.” Did its banking supervision department verify whether letters of undertaking (LoUs) issued to jewellers were backed by adequate security or any security at all? Now, when the scam is Rs14,000 crore and counting, it has banned all LoUs and punished honest exporters in a typical case of throwing the baby out with the bathwater. What does any of this have to do with inadequate powers?

The case of Bombay Mercantile Cooperative Bank is even more egregious. In this case, ZB Inamdar, a manager at the bank, filed a public interest litigation after all attempts to get RBI to act decisively failed. RBI told the court that the central registrar of cooperatives (CRC) was responsible for regulating the Bank. The CRC, in turn, has passed the buck back to RBI in writing. RBI's only action, so far, is to destroy the Bank's ability to do business rather than change the management. What additional powers does RBI need, in such a case?

Governor Urjit Patel's claim that RBI has better control over private banks and cannot force a merger or trigger liquidation of PSBs also doesn't bear out. With due respect to Y Venugopal Reddy, our most celebrated RBI governor in recent times, the failure of

Global Trust Bank (GTB), a private sector entity, was entirely due to RBI's failed supervision. Ramesh Gelli's cowboy-style of banking, his curious connections with Ketan Parekh and his coterie of powerful industrialist friends were no secret. Yet, RBI officials treated GTB with kid-gloves because of its Hyderabad links to the central bank. When the private bank was about to go belly up, Oriental Bank of Commerce (OBC), a PSB became Neelkantha and swallowed the GTB poison. Although Dr Reddy has claimed that OBC offered to acquire GTB, this was clearly a government sanctioned bailout at the cost of OBC shareholders.

In fact, questions about RBI's supervision of private banks start with its secretive, discretionary, flawed policy of licensing new banks. A majority of the new private banks, licensed in the 1990s, were taken over, not because of RBI's power to merge them, but due to market forces. Many of the promoters had strange antecedents and couldn't run the banks. RBI was so public-sector-oriented that it licensed UTI Bank (now Axis Bank) and IDBI Bank as 'private banks' when they were public sector-owned; the latter is in deep trouble under RBI's benign supervision. In fact, supervision of private banks reveals the capricious freedom that the regulator enjoys, rather than a lack of powers.

The biggest source of public anger today is RBI's silence over the loot of consumers through high charges, mis-selling of third-party products, pathetic grievance redress by the banking ombudsman, its arrogant and hands-off approach to consumer issues, especially during and after demonetisation. Contrast this with the easy loot by large industrialists, their access to RBI and its fervent attempts to hide names of wilful defaulters, even from the Supreme Court. Is it any wonder that people have erupted in a 'tonne of honking' and 'cacophony' of anger?



Com. G. Thirumal Rao, Zonal Secretary of Chennai Zone 1 passed away on 06.04.2018 at Chennai due to Cardiac arrest. He joined our prestigious Bank in the year 1980 and was promoted as an Officer during 2005. He was about to superannuate in the month of June 2018. He was elected as Zonal Secretary of Chennai Zone 1 in the triennial election 2014 and 2017 unopposed. He was a member centric Zonal Secretary, an outspoken person and friendly in nature. He was a Table Tennis and Tennikoit player. He may not be with us now, but his memories will always stay in our heart. Our heartfelt condolences to his family members. We pray for his soul to rest in peace.

HOMAGE



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NON SUPPLY OF DOCUMENTS SOUGHT UNDER CLAIM OF PRIVILEGED ONE – A PREJUDICE TO THE DELINQUENT OFFICIAL

During the conduct of the Departmental proceedings, the charged official may be asked whether he would admit the genuineness and authenticity of the listed documents, and mark the documents as 'Exhibits' straightaway. This would obviate the necessity of examining witnesses to prove them. Inquiring Authority should ensure that the charged employee is given facilities to inspect the documents listed in the charge and furnish copies of statements of listed witnesses, if already recorded, and ensure that the same is provided to the CSO at least 3 days before their cross examination begins. He should arrange for production of documents required by the Charge Sheeted Official for his defence. He can reject the request to summon documents considered not relevant to the inquiry, or nonexistent documents, and in such a case he should record reasons for rejecting the request.

Of late, the Inquiring Authorities are rejecting the request for documents sought by the Defence Representatives under the pretext of “Privilege Documents”. The decisions pronounced by the IAs are causing irreparable damage to the aggrieved officials .The departmental proceedings are not an empty formality and the Inquiring Authority's position as quasi judicial in nature is duty bound to uphold the Principles of Natural Justice by giving fair opportunity for the defence to prove the innocence of the delinquent official through a bit of information or documents essential for the defence from the angle of the delinquent officials.

E. Chandrasekhara Reddy vs Chief General Manager And ... on 5 December, 2000 - Andhra High Court Bench - Equivalent citations: S.L. Kapoor v. Jag Mohan, , K.L. Tripathi v. State Bank of India, , State Bank of Patiala v. S.K. Sharma, , Rajendra Singh v. State of M.P., , Union Bank of India v. Vishwamohan, , M.C. Mehta v. Union of India, (1999) 6 SCC 23 and the latest decision in Aligarh Muslim University v. Mansoor Ali Khan, .

Case: The petitioner, a former Officer of State Bank of India, was dismissed from service by the orders dated 31-7-1987 pursuant to a departmental enquiry. He preferred an appeal to the 2nd respondent. The appellate authority by the orders dated 26-11-1987 confirmed the conclusions of the petitioner's misconduct, but modified the penalty to one of removal

from service. The petitioner is thus before this Court assailing the disciplinary proceedings.

SUBMISSIONS: By his letter dated 11-3-1987 the petitioner sought a list of documents stated to be required in his defence at the enquiry. The documents so sought include the report of the official who investigated into the case and statements, if any, obtained from certain individuals specified in the letter of the 3 officers who were initially charge-sheeted along with the petitioner, charge-sheet issued to the said 3 officers and their replies thereto and the documents pertaining to loan documents in respect of which the petitioner was alleged to have fraudulently withdrawn amounts from the fictitious Agricultural Cash Credit accounts.

In response to the petitioner's request for furnishing of documents , the inqui r ing author i ty by the communication dated 14-3-1987 informed the petitioner as follows:

(a) The presenting officer is claiming privilege of the investigation report.

(b) No individual statements have been obtained from the officials/staff as referred by the petitioner.

(c) The charge-sheet issued and the replies submitted by the 3 earlier charge-sheeted officers are not relevant to the enquiry against the petitioner.

(d) The presenting officer has been directed to procure the documents sought by the petitioner in respect of agricultural crop loans, if available and that these documents would be supplied, if available at the branch, at the commencement of the enquiry.

HELD: The disciplinary proceedings are assailed on grounds as under:

i.� The four species of documents requested by the petitioner by his letter dated 11-3-1987 were not furnished to the petitioner. These documents were sought by the petitioner on the ground that these documents would have assisted the petitioner in effectively defending his case at the enquiry. The failure of the respondent Bank to furnish these documents vitiates the proceedings.

ii.� The report of the preliminary investigation was denied on the basis of privilege claimed by the Presenting Officer and that the refusal to furnish the preliminary investigation report vitiates enquiry as



no privilege could have been claimed for such a documents as its disclosure would have imperiled neither public interest nor the interest of the bank.

iii.�The disciplinary authority being different from the enquiry officer, a notice ought to have been given to the petitioner prior to the order of dismissal. As a part of this ground, it is also alleged that failure to furnish the enquiry report to him prior to passing of the order of dismissal clearly vitiates the enquiry.

iv.� Permitting Pws. 1 to 3, who were co-charge-sheeted

officers along with the petitioner, to participate in the enquiry as departmental witnesses violates the principles of fair play, particularly since their prejudiced testimony contributed to the conclusions of the inquiring authority.

The recent development of administrative law in this area has clearly exemplified the principle that apart from violation of principles of natural justice real prejudice must also be suffered and demonstrated to result in invalidity of the process.

WEDDING BELLS

SBIOA (CC) Wishes a very happy married life to the newly wedded couples.

Com. Poornima , AM, RACPC, CBE married Chi. Srihari on 25.11.2017 at Coimbatore

Sow. G. Sujithahamsathvani D/o Com. S. Ranjitham, BM, Veerakeralam branch married Chi. J. Santhosh Kumar on 06. 12. 2017 at Tirupur.

Sow. Dr. R. Kalpaka, D/o Com. P. Ravindran, AGM, SBI, Thanjavur married Chi. S. Gnanaprakash on 03.12. 2017 at Coimbatore.

Chi. D. Pradeep Raj S/o Com. L. Dharmalingam, DM, CCPC, CBE married Sow. P. Manjutha on 10.01.2018 at Coimbatore.

Chi. M. Krishnakumar S/o Com. S. Moorthy, DM, Treasury Branch, Coimbatore married Sow. S. Sharmili on 22/01/2018 at Trichy

Chi. Dr. T. Amul Prathap S/o Com. A. Thamarai Selvan, DM, RBO-II, Zonal Office, CBE married Sow. Dr. K. Keerthana on 09. 03. 2018 at Madurai

Chi. Girish S/o Com. S. Prabhavathi, Dy. Manager, SARB – Coimbatore married Sow. S. Madhuram on 26. 03. 2018 at Mysore.

Chi.Vignesh Ravi Sankar, S/O Com.Ravi Sankar, DM, Turaiyur Branch, Married Sow.Vaishali Srinivasan on 04.03.2018 at NewDelhi.

Chi.T.Arunraj S/o.Com.R.Thampi, DM, Virudhunagar Branch married Sow.R.Nandhini on 04/02/2018 at Rajapalayam.

Sow.S.Hemalatha D/o.Com.D.Srivenkatesh, Manager (HR), AO, Madurai married Chi.J.Karthikkannan on 19/02/2018 at Virudhunagar.

Com.H.Balakumar, Asst Manager, Othakadai Branch married Sow.Mythili Priya on 19/02/2018 at Tutcorin.

Chi.P.Vijaraghavan S/o.Com.V.Pandiarajan, Former Zonal Secretary, Virudhunagar Zone married Sow.M.Kavitha on 26/02/2018 at Virudhunagar

Com.ArunkumarR, DM, RACPC OMR, Chennai marr ied Sow.RaghaviPriya on 05.03.2018.

Sow.Iswarya C, D/o. of Com ChandrasekaranP, AM,Tiruvannamalai married Chi.PrakasamN, on 04.03.2018 at Kannamangalam

RETIREMENTS MARCH 2018

Dharmalingam L DM CCPC - Coimbatore

Natarajan S Mgr. SAMB – Coimbatore

Balakrishnan M AM SME -Kurichi, Cbe

Kandasamy M AM SME Erode

Raman S DM Erode Town

Andal Srinivasan DM RBO – IV, Coimbatore

Ragunathan J DM SARB – Coimbatore

Ramachandran K AGM SARB – Coimbatore

Ganesan AR RM RBO, Thanjavur

Radhakrishnan Sundaram T.K. DM Kanakkanpatti

Manohar Srinivasan DM Ramalinga Nagar

Mokkamayan.K DM PBB, Madurai city

Pushpavalli.J.G AM Simmakkal

Perumal.K CM RACPC, Madurai

Sekar Sundaaram AM Sankaranayinar Kovil

Krishnan A Mgr CCPC, Chennai

Srinivasan B AM CCPC,Chennai

Pannerselvam K Mgr. CAC,Adayar

Manivel C DM Chennai Pattu

S/Shri Name BranchDesignation S/Shri Name BranchDesignation

SBIOA (CC) wishes the above comrades a very happy, healthy and peaceful retired life.

Ilamathi B AM LCPC

Ilavarasi DM SME,Adayar

Ilango DM Kannamangalam

Keerthi AM Cheyyar

Aruldass DM Kalkulam

Mookan P Mgr. RBO, PONDI

Valarmathi Nathan Mgr. RBO VILUPURAM

Somasekar T B AGM RASME, Vellore

Narendra Kumar V AM Tirupattur NA

Ganesan Arunachalam AGM CPPC Chennai

Ekkadu Rajarathinam DM IFB Chennai

Balasubramani Sankaran CM LIBM, Chennai

Gnani Hanumanthan Santharam AGM LHO CHENNAI

Madan Mohan Rao AM Egmore

Mohan S Mgr CPPC Chennai

Raghavan A K CM LHO Chennai

Sathyanarayana J V Venkata Sat Mgr RACPC Ayyapanthangal

Susai Prakash AM RACPC Anna Nagar

Swaminathan B Balaraman AGM Chennai

United Forum of Bank Unions organised a Dharna at Parliament Street, New Delhi on 21st March 2018, which was a dharna of leaders of UFBU representing 9 Trade Unions in Banking Sector across the country.They represented to the Finance Minister to come out openly against privatisation and provide all support to Public Sector Banks by strengthening the system. They also demanded that action should be taken against those who are responsible for the frauds and Junior officers alone should not be made scapegoats. They also demanded immediate appointment of Officer and Employee Director in PSBs.None of the Public Sector Banks have these representatives in the Boards of the Bank which is mandatory as per law.In another representation they demanded providing welfare measures for Bank employees based on operating profit and not on net profit.The representatives also asked the Finance Minister to direct Indian Banks Association to complete the wage negotiations quickly and continue the practise of wage negotiation settlement upto scale VII.The representatives also mentioned to the Finance Minister that the Asset Classification Norms and the provisioning norms changed by the Reserve Bank of India vide their circular dated 12th February 2018 is going to create havoc in the Banking Industry.

UFBU'S DHARNA AT NEW DELHI ON 21ST MARCH 2018

They mentioned that the change in norms of declaring loans which are not serviced for 30 days as substandard and also referring loans which are not serviced for 180 days to NCLT would lead to huge provision which are not scientific and will create a dent on the banking system as a whole.The Finance Minister assured that there will not be any privatisation of public sector banks. He also stated that ownership of the Banks is not the problem but supervision is the problem. He agreed to take action on issues represented.The delegation also met Mr. Rajeev Kumar, Secretary, Department of Financial Services and discussed all the issues with him. He assured quick action on all issues from the Government on all the matters represented.



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CELEBRATION OF THE INTERNATIONAL WOMEN'S DAY 2018

The International Women's Day was celebrated by AIBOC,

thTamil Nadu State Unit on 18 March 2018 at Chennai under the guidance of our beloved G e n e r a l S e c r e t a r y Com.D.T.Franco and Office bearers of AIBOC, Tamil Nadu State Unit. Women Comrades from all Banks gathered in large numbers. Welcome address was delivered by Com.Selva Bhagyamani, General Secretary of Central Bank of India.

The Women's day theme of the y e a r 2 0 1 8 i s “ P r e s s f o r Progress”. Com. A.Krishnan, President, AIBOC, Tamil Nadu State Unit in his inaugural address stressed upon the importance of Gender Equality and that women should be treated with dignity.

C o m . R . S e k a r a n , S t a t e Secretary, AIBOC, Tamil Nadu State Unit in his special address praised that women are the real Architect of the Society. There are Eminent women heading Corporates, PSUs, and other vital organizations as decision makers and efficient home makers who contribute shoulder to shoulder and brings out successful men to the Society.

O u r C h i e f G u e s t , M r s Adhilakshmi Logamurthy, Eminent Lawyer, attracted all the audience of the day with her interactive, impressive and vibrant speech. She questioned the audience about the various laws for Protection of Women and their Rights. Most of our Comrades came out successfully with correct answers and she expressed her appreciation that most of our lady Comrades are aware of Rights relating to Women and also Legal Protection available to them against all Social evils.

Our Genera l Sec re t a ry, Com.D.T.Franco in his Key note address expressed his appreciation to AIBOC Tamil Nadu State Unit Women's wing for their maiden efforts in conducting the meeting . Women are Stronger than men to withstand the biggest pain of child birth. Women should know their Rights and assert on the rights wherever needed. They should come forward to complain expressively about any sexual harassment in the workplace without having fear for transfer, Career destruction and bad image for self. They should first resist and complain either to Management or to the Association for taking proper action against the erring employee. He assured that it will be dealt with, without disclosing the name of the affected lady Comrade. As a Bank Officer, women have the opportunity to extend helping hand to new Start Ups by Women, Mudra Loans to needy Women entrepreneurs, SHG Loans to Small and Medium business units. These are acts which will be remembered by the beneficiaries till the end of their Life. He requested all Women comrades to Join the Peoples Parliament for Unity and Development and make all related Campaigns, success. He assured to achieve new facilities in the forthcoming Wage Revision viz., “Five Day Week, Creech facility in all big branches, Reimbursement for Infertility Treatment, Two years Child care Leave with salary at par with Central Government, Work from Home, Flexible Working Time for better Work Life Balance.”

A Souvenir was released to commemorate the Celebration by AIBOC Women's Wing of Tamil Nadu state unit which was praised by our Chief Guest. “ Vazhkkai ”a Tamil Kavithai Book authored by Com.Vani Kabilan of IOB was also released on this



occasion which was highly appreciated by our General Secretary. Healthy Support by way of monetary Donation was extended to “Little Hearts” a home for Rehabilitation Service to Mentally Challenged children. Resolutions were passed for the benefit of Women Comrades and an Oath was taken by all for the better service conditions to maintain Work Life balance. Cultural Programmes attracted the audience immensely.

Vote of thanks was delivered by Com. Santhi Selvaraj, Deputy Treasurer of SBIOA ( C C ) , C h e n n a i . T h e p r o g r a m m e w a s w e l l compered by Com.Sujatha Srinivasan,Central Bank of India Officers' Association, and Com GowriSBIOA(CC) Chennai.



thA women's convention was held on Sunday, the 18 March 2018 at the SBIOA School conference hall, by way of celebrating International Women's Day under the aegis of AIBOC Coimbatore.Com. Nisha Varier DGS, AIBOC welcomed the gathering, followed by special address by Com G.Selvaraj and Com R. Raghavendhar, the Secretary and President respectively of AIBOC Coimbatore. Renowned Orator and debater Com. Uma Maheswari was the Guest of Honour and delivered the Women's Day message in her own hilarious way. She pointed out how a woman is a multi-faceted personality donning the role of a mother, wife and sister and doing multiple tasks at one and the same time. She also did not fail to stress the need for creche facility in major organisations, in view of more and more womenfolk taking up jobs. Cultural events by various bank teams was the major highlight of the function. The convention came to an end with vote of thanks by our Module Lady Representative Com .Kavitha.

INTERNATIONAL WOMEN'S DAY CELEBRATION – AIBOC COIMBATORE



Com.A.Krishnan's successful journey in the organization and the important roles played by him since his co-option as Zonal Secretary of Tirunelveli Zone and the art of connecting to the Members were reca l led by Com.S.Saravanamuthu, General Secretary of SBPA (Chennai Circle).

He is a soft, cool, contended and a remarkable colleague and friend who has spent over 17 years as an Office Bearer of SBIOA(CC). The roles that he played in the Organisation have really made a big difference in the workplace, said Com.G.Selvaraj, Regonal Secretary of Coimbatore Module.

FELICITATION TO OUR PRESIDENT COM.A.KRISHNAN ON HIS SUPERANNUATION

A fitting thanksgiving function to Com. A. Krishnan, President, SBIOA(CC) was held at Chennai

thon 28 March 2018 on the eve of his laying down office as President on his superannuation from Bank's service to start another phase of his career in life. It was an opportunity to express the organization's profound gratitude for his hard work, and the great times we have had working with him.

Com, A Krishnan has been in different roles in the Association. He started as Unit Secretary of Tirunelveli branch and he went on to become Zonal Secretary of Tirunelvali Zone, Dy. Regional Secretary and Regional Secretary o f M a d u r a i M o d u l e , Vi c e President and then as President of the Circle Association. He also was the President of AIBOC, Tamil Nadu State Unit, Vice President of AISBOF and Deputy General Secretary of AIBOC.

In his welcome address, Com. M. Shanmugam, Treasurer of SBIOA(CC) narrated the cool and composed nature of our President.

Com.S.M.Selvaraj, General Secretary of State Bank Staff Union (Chennai Circle) paid encomiums on Com.D.T.Franco, the untiring leader who is protecting the interest of Bankmen on every finer aspects. He brought out the good qualities of Com. A. Krishnan, recalled his experience with him on Organisational issues.

After highlighting the issues of present scenario of banking industry and government moves of t h r e a t t o P u b l i c S e c t o r , Com.Sekaran, Secretary, AIBOC (TN State Unit), recalled the c o n t r i b u t i o n s m a d e b y Com.A.Krishnan to AIBOC Tamil Nadu and the Bankmen of Tamilnadu especially in the turbulent times.



Com.A.Ravichandran, Regional Secretary of Chennai Zone II said Com.A.Krishnan has always made it a point to attend all the functions organized by the Trust Schools. He is also an example for maintaining the work life balance that he always took care of his family amidst the tight organizational work.

C o m . M . A s o k , R e g i o n a l Secretary of Trichy spoke about the problems faced by the Members and the contributions made by Com.A.Krishnan to resolve issues.

The importance of meticulous follow-up of the Systems and

Procedures is the order of the day, Com.A.V.Joseph, Regional Secretary, Chennai Zone I cautioned the members not to succumb to the pressure from any quarters. The qualities of Com. A. Krishnan as a cool, composed, contented, dedicated, fearless, friendly, well dressed and well-mannered person helped to attain the position of the President from Zonal Secretary level besides a good Defence Representative.

“We are proud to have called you a friend and colleague. You are an achiever, who worked hard and tirelessly to deliver excellent results in the workplace. During your time working with us, you had magnanimously trained us to handle our jobs better. This organization will be better off because of the hard work you put in training your colleagues. Today, I am happy and confident to say that we can get on with the job without stress” said Com.Joseph Stalin, Regional Secretary of Madurai Module.

C o m . C . B a la j i , R eg io n a l Secretary of Salem Module, in his address admired the simple and effective way of Com. A. Krishnan handling the members' issues. The position of a leader is very tough in Association. Com. A. Krishnan had always conducted the EC meeting in a very smooth and excellent manner.

Our General Secretary, Com. D.T.Franco in his special address vividly explained the development in the Banking Industry, the media attack on reported bank scams and the concern of AISBOF & AIBOC on it, Status of wage revision on date, Dharna held at Delhi and meeting with Finance Minister, th rea t o f RBI ' s new Asse ts Classification norms, merger move of the PSBs etc. In his felicitation the General Secretary stated that his relationship with Com.A.Krishnan



started from the train journey days to Nagaland. He is a contended person and treats his daughter-in-law as his daughter. His full co-operation and well orgainised co-ordination as a President with General Secretary helped him to achieve many things in the organization. His contributions towards our shared success will stay in our hearts forever. Certainly, w e m e t a n d s u r p a s s e d t h e Members’ expectat ions. His dedicated support and creative mind made sure of this. Although his leaving made us sad, the sweet memories of working with him will be remembered always.Com.A.Krishnan and his life partner Smt.Lakshmi Krishnan were honoured by the Modules, Circle Office bearers and Directors and Secretary of the Officers' Co-op. Society.In his response, Com.A.Krishnan thanked all the Members for the encomiums showered on him and told that unity and solidarity is the power of the Association. He

learned about the Trade Union activities in Nagaland. He also shared his experience of how the Association helped him in his transfer at Nagaland and Chennai. He thanked all the members for attending the meeting. Com.R.Balaji, Vice President, SBIOA (CC) in his vote of thanks said that Rs.1.00 lakh relief to the family Members of deceased member of the Society and Rs.10,000/- as the Retirement gift by the Society to the retiring members were implemented during his period as President of our Officers' Co-operative Society. He also highlighted the hall mark qualities of Com.A.Krishnan viz. active, cheerful, honest, friendly,

talented, loyal, self-disciplined and broad-minded. These are just a few of the positive qualities and personality traits that describe Com.A.Krishnan, President.Earlier the Executive Committee of SBIOA (CC) felicitated him in a Special EC convened to felicitate him. General Secretary, Com. D.T. Franco and most of the Executive Committee members paid rich tributes to the President by narrating their experiences and their moments with the President.



CIRCLE NEGOTIATING COUNCIL MEETING

thThe 75 Circle Negotiating Council Meeting was rd

held on 3 March 2018 at Local Head Office, Chennai. Shri P V Rama Prasad, Circle Development Officer welcomed all. He also added that both the Management and Association are one when it comes to solving members' issues. Our Chief General Manager, Shri. B Ramesh Babu delivered the inaugural address. In his address, he expressed happiness over the confidence and trust of the public towards our bank. He concluded that, with the level of cordial industrial relations prevailing in the Circle, the Circle would achieve success in business, as well as other parameters.

Our President Com.A.Krishnan in his address thanked the CNC members for their positive approach for discussing and resolving the members' issues during the formal or informal meetings. He was concerned about the suspension of officers and requested to conclude the Inquiry process well in time.

Our General Secretary Com. D T Franco brought the following issues into focus:.

Manpower shortage in our circle:

Many branches with more than 100 Crores of business or more are run with single officer. He also added that about ten branches with the Scale III incumbency are left without the second officer.

Demonetisation period Compensation:

The due compensation to the officers who handled the additional workload including the work done by them on holidays also with regard to demonetization has not yet been paid which is pending for more than one and half years, even after the ruling given by the Corporate Centre, during the Corporate Negotiating Council meeting.

CDS: Many of the hardworking Officers were not awarded 'AAA' Grade in CDS.

Cross Selling: More focus was given to cross selling in the Review Meetings, than the core business. Most of the cross selling is done by misselling, which leads to many problems.

Realisation of penalty by RBI on Remittance:

He mentioned about the recovery of currency shortage in the RBI remittance from Joint Custodians for the currency received during demonetization. Which is against established norms and practice. He also requested refund the amount to the officers, wherever recovered.

Late Review Meetings:

Review meetings are prolonged beyond 8.30pm, though our General Manager Network I had assured in the last CNC meeting, that the P Review Meetings will not be conducted after sunset as they have to reach their respective branches, for opening the branches next day, in time.

Issues regarding fitment, increment, non payment of bills and allowances, were settled immediately. The agenda was then read item-wise by Shri.P.V.Rama Prasad, Circle Development Officer. The CNC members and our Office Bearers discussed the following issues of the officers.

Review meetings are held till very late in the night, Acute Shortage of Staff and Officers, CDS, Categorisation & Shortage of Officers, Renewal of Standardization of medical expenses, ICT, IMT, Transfer policy guidelines for MMGS III , SMGS IV & V, HRMS, Misuse of Powers and harassment of Officers and Disciplinary Proceeding.

Shri.V.Radhakrishnan, Assistant General Manager (PER & HRD) had thanked all the participants for smooth conduct of the meeting. He also added that the work relating to promotions, annual transfers, fitments, etc… would be completed before the end of June, as advised by the Corporate Centre.



CIRCLE WELFARE COMMITTEE MEETING

Circle Welfare Committee meeting was held at Local thHead Office, Chennai on 9 March 2018. The

President of Circle Welfare Committee and Chief General Manager, Shri.B.RameshBabu, Circle Development Officer Shri. P V Rama Prasad, Asst. General Manager (HR), Shri.V.Radhakrishnan, Our President Com.A.Krishnan, General Secretary, Com. D.T.Franco, Vice President of Circle Welfare Committee and Regional Secretary, SBIOA (CC) Chennai Zone-1,Com. A.V. Joseph, Secretary of Circle Welfare Committee and General Secretary of State Bank's Staff Union Com. S.M. Selvaraj, and other committee members participated in the meeting. Following are the information and the issues discussed in the forum.

Reservation of School Seats:

Under the welfare activity, we have reserved 40 seats in Bhavans Gandhi Vidhyasharam School, Kodaikanal. 60% of fees are reimbursed to the wards of officials admitted in the school.

Allocation of funds:

Corporate Centre has reviewed the existing expense

heads namely Recurring Expenses, Establishment Expenses for Canteen and Non Recurring Expenses and merged a l l th ree in to “Canteen & Miscellaneous Facilities”. Corporate Centre has now advised allocation on per employee basis i.e. approximately Rs. 2400/ per employee. The Corporate Centre has also instructed to conduct Sports and Cultural Activities at RBO level instead of Branch and allotted an amount of Rs. 50000/- per RBO and Administrative Offices which includes Region 9 branches. (Rs.16 lakhs for 26 RBOs and 6 AOs)

HOLIDAY HOMES:

At present we have 8 holiday homes in our Circle, namely Chennai, Madurai, Udagamandalam, Vellore, Kodaikanal, Kanyakumari, Rameswaram and Velankanni. The CWC had discussed and decided to get few more rooms in holiday home at Velankanni and to provide air conditioners in the existing rooms. It has also decided to establish a holiday home in any one of these places; Pondicherry, Trichy, Thanjavur, Kumbakonam.

Com. Elangovan, BM, Archalur branch lost his wife on 13.12.2017 at Vellakoil

Com. N. A. Vetrivel Manager (Ops.),Peelamedu Branch lost his mother on 17. 02. 2018 at Tirupur.

Com. B. Aravindraj, DM, Pudur Pirivu Branch lost his father on 10. 03. 2018 at Ranipet.

Com. D. Sargunalan, DM, CCPC- Coimbatore lost his mother on 13. 03. 2018 at Salem.

Com. S. Ranjitham,BM, Veerakeralam Branch lost her mother on 17/ 03/ 2018 at Dindigul.

Com. M. Ramila, DM, URC Nagar Branch lost her father on 26.03.2018 at Erode

BEREAVEMENTHOMAGE

Com. K. R. Jagadeeshkumar, Asst.

Manager, SMECC – Coimbatore

passed away on 17. 03. 2018 at

Coimbatore in a road accident.

May the departed souls rest in peace.

Com.KST.Sriram Branch Manager, Vinayaganagar Branch lost his mother at Chennai on 15/02/2018.

Com.Satish Kumar E.S.Mgr (ops), Velacherry Branch lost his father on 05.03.2018.

Com. AnbuManimaran N,Mgr MIS Dept. Chennai LHO lost his father on 26.03.2018 at Coimbatore.

Com. Shantha, Dy .Manager, CCPC, Chennai, lost her mother on 03.04.2018.

Com.SrinivasaRaghavan s AGM, GCC, LHO lost his father on 03.04.2018 at Madurai.

Com.Hariharasubramonian,CM (HLST), lost his mother on 08.04.2018 at Trivandrum

ALL INDIA INTER CIRCLE VOLLEYBALL TOURNAMENT AT CHENNAIth nd

All India SBI Inter Circle Volleyball Tournament was conducted by Chennai Circle from 19 to 22 March 2018. Out of 16 Circles, 12 Circle teams across the country participated in the event. The event was inaugurated by our Chief General Manager Shri B.RameshBabu in the presence of the Circle General Managers, Circle Development Officer, our General Secretary Com. D T Franco, General Secretary of State Bank Staff Union and Secretary of Circle Welfare Committee Com. S M Selvaraj. Many former International Volleyball players represented various teams. The matches were well contested and in the finals our Jaipur Circle team prevailed over the host and defending champions Chennai Circle by 3-1. The man of the match on final day was Com. RamavatarJhakkar, former International Volleyball Player, Secretary General of Volleyball Federation of India and President of our SBIOA (Jaipur Circle). Our President, Com. A. Krishnan, Vice President of Circle Welfare Committee and Regional Secretary of Chennai Zone 1,Com. A. V. Joseph, Regional Secretary of Chennai Zone 2, Com. A. Ravichandran, Circle office bearers and Module office bearers of Chennai Zone 1 & 2 had also participated in the event.



The AIBOC, Coimbatore District Unit conducted the Inter Bank Chess and Carrom tournament on 04.03.2018, at the SBIOA School Auditorium. The event was inaugurated by Com. G.Selvaraj, Regional Secretary of SBIOA(CC) and District Secretary of AIBOC, Coimbatore Unit, in the presence of leaders from various affiliates of AIBOC and our own Module Office bearers of SBIOA(CC). (Incidentally AIBOC Coimbatore had also conducted the Inter Bank cricket tournament for the second year running during Dec 2017, wherein 12 teams particpated).

The Carrom (Doubles) title was won by Com. L. Sathish Kumar and Com. Nikhil Pujari of FBOA, by defeating Comrade Resabhu and Com. D.Vijayakrishnan of SBIOA(CC). Our Com. S. Ramasubramaniam of SBIOA(CC) Ganapathy unit was crowned the AIBOC Coimbatore Chess champion after his victory over Com. U.Umesh Shankar, of FBOA. The tournament came to an end with prize distribution under the Chairmanship of Com G. Selvaraj .

CHESS & CARROM TOURNAMENT – AIBOC-COIMBATORE UNIT

SBIOA (CC) MADURAI MODULE

KANYAKUMARI ZONE :

Members' Meet of our Kanyakumari zone was held at Kuzhithurai branch on 02/03/2018. Zonal Secretary, of Kanyakumari Zone Com.K.Vanitha presided over the meeting. Com. C. Siva-subramanian, Cash Officer of our Kuzhithurai branch welcomed all. Members r a i s e d t h e B r a n c h p r o b l e m s p a r t i c u l a r l y demonetisation benefits for Kanyakumari Zone. Zonal Secretary of Kanya-kumari Zone Com.K.Vanitha spoke about recent developments in the banking sector, adherence to System and Procedures meticulously in the bank and responded to the member's queries. More than 42 members of Kanyakumar i Zone a t tended the meet ing . Com.B.Vinoth, Unit Secretary ,Kuzhithurai proposed the Vote of thanks.

TUTICORIN ZONE :

Members' Meet of Tuticorin Zone was held at SME Tuticorin on 13/03/2018. Shri. V Sankara subramanian, Chief Manager, Kovilpatti Branch, presided over the meeting. Zonal Secretary, Tuticorin Zone Com.S.Muthukumar, welcomed all. Members' had raised their problems. Regional Secretary Com.J.Joseph Stalin responded to the member's queries and spoke about the recent developments in banks and Association elaborately. Deputy Regional Secretaries Com.K.Pitchai and Com.A.Senthil Ramesh addressed about the necessity to adhere to System and Procedures in the Bank. More than 65 members of Tuticorin Zone attended the meeting. Com.C.Issac Sunil, Unit Secretary RBO-II, Tuticorin proposed the Vote of thanks.

nd2 ANNUALSPORTS MEET ON 18/03/2018 AT TIRUNELVELI:

ndOn 18/03/2018, 2 Annual Sports Meet of Tirunelveli, Tuticorin and Kanyakumari Zones Sports' Meet was held at St.Xaviers' Higher Secondary School Campus, Tirunelveli. More than 100 members including lady comrades and their family members took part in the Sports meet. Children actively participated in the Sports events. Com.J.Joseph Stalin, Regional Secretary welcomed all. Com.V.Suresh, Regional Manager presided over the function and spoke about the importance of Sports and distributed prizes to the winners. Com.K.Pitchai, Dy.Regional Secretary, proposed the Vote of Thanks. All our Module Office bearers attended and participated in the Sports Meet. Com R. Ramnath, Zonal Secetary, Tiurnelveli Zone had made elaborate arrangements which was admired by all the comrades.



SBIOA (CC) MODULE ACTIVITIES

CELEBRATION OF INTERNATIONAL

WOMEN'S DAY BY SBIOA (CC)

TRICHY MODULE

SBIOA(CC) Trichy Module had celebrated the ndInternational Women's Day on 22 March 2018 at our

Tiruchirapalli Branch. Carrom and shuttle tournaments were conducted for lady comrades. The function was presided over by the Regional Secretary Com.M.Asok. Shri M.L.Manikandan Nair,Dy. General Manager (B&O), Trichy Module was the Guest of honour. Dr.Pauline Preetha Jabadas Prof. Dept. of Tamil, Bishop Heber College, Trichy was the Chief Guest.

Com.K.S.Sujatha, Manager (Trg.) SBLC, Trichy welcomed the dignitaries and gathering. In his presidential address, Com.Asok hailed the services rendered by the lady comrades. The match winners were awarded prize by the DGM (B&O). Com. T.Venkatramanan, Dy. Regional Secretary highlighted the efforts of the Association in formulating a liberalised transfer policy because of which, the lady comrades had been elevated in large numbers and are posted at centres without much disturbance.

The Dy. General Manager (B&O) in his address stated that the management is giving priority in attending to women's grievances and posting them in convenient places. The Chief Guest, Dr.Preetha Jabaselvi, in her special address explained the various ages like stone age to the present age, and the empowerment of women.

The function was well attended by more than 110 comrades including 70 lady comrades, all the Regional Managers and Assistant General Managers.

Com.Sridevi, Lady representative of SBIOA(CC), Trichy Module, proposed vote of thanks. Zonal secretaries from Trichy Zone I, Zone II, Pudukkottai, Nagai and Sivaganga had attended the function. DRSs Com.K.Selvarajand Com.T.Venkatramanan made arrangements for the function.

PROTEST DEMONSTRATION AT THANJAVUR

SBIOA(CC), Trichy Module staged a protest demonstration in front of RBO II / Thanjavur Main on 23.03.2018 at 06.00 pm to protest against the assault and manhandling of our innocent Chief Manager of Orathanad branch and to condemn the lethargic attitude of the Government in handling the issue .

Com.M.Asok, Regional Secretary presided over the Aarpattam. Com. T.Venkatramanan, Dy. Regional Secratary spoke about the importance of our Unity. He thanked the Dy. General Manager (B&O) who met the Inspector General of Police urging him to take suitable action against the miscreants. He raised slogans in support of the Officers community and condemning the dilly dally attitude of the Government in handling the issue.

Com.M.Asok addressed the gathering quoting various instances viz. political interference, mounting pressure on Officers by the controllers and the Government. Nowadays Bankers are made as targets for any initiative of the Government. Only Bankers do dedicated service to the Public without taking into account the caste or creed. Slogans were raised by Com.Gurunathan Zonal Secretary of Nagai Zone, Com. Rajkumar Branch Manager of Tiruvaiyaru, lady Com. NilofarBanu of SME Thanjavur and Com. Venkatesan , Manager (A&A) of Thanjavur. The meeting was attended by more than 55 comrades. Com. Ravichandran, Zonal Secretary of Thanjai proposed vote of thanks. He thanked the members for their quick response.



CORREESPONDENCE WITH THE MANAGEMENT

Ref: ORG/15/2018� 05/04/2018

The Chief General Manager,State Bank of IndiaLocal Head Office, Chennai 600 006

Dear Sir,

SHORTAGE OF CURRENCY NOTES: CASH OUT ATMs

For the past few months, many of our ATMs have been out of cash due to inadequate availability of currency notes. The ATMs are mostly loaded with currency notes in the denomination of Rs.2000, 500, 200 and 100. However, RBI has almost stopped the supply of Rs.2000 currency notes and very little of Rs.200 currency notes is supplied. Due to non -availability of notes in the two denominations, cash could not be loaded into the ATMs to its full capacity which results in the ATMs remaining out of cash. 15 to 20% of our ATMs go dry every day and this has been spoiling the image of our Bank.

It is understood that RBI has not been supplying adequate cash despite our timely cash indent. For a Bank of our size which has more than 1250 branches and 4500 ATMs, the volume of cash supplied by RBI is largely inadequate. Most of the time our Currency Chest Joint Custodians are scouting for cash from different Banks' currency chests and seek permission from RBI for diversion. The shortage is driving our Executives to the doors of RBI on regular intervals affecting the smooth functioning of the bank. It is pertinent to note that amidst all this, the Private Banks' ATMs are always filled with cash which shows RBI's disproportionate distribution of cash.

The cash out position in ATMs is creating a kind of panic among the public which may result in a situation like Andhra Pradesh where people have started to withdraw all their cash deposits from Banks and other and hoard it. The cash crunch does not augur well for Banks which are in the verge of losing credibility and facing the NPA crisis.

We therefore request you to take up the issue with the Reserve Bank of India appropriately for getting

adequate cash to safeguard the position of the Bank to retain public confidence in the banking system.

Yours faithfully,

(D. THOMAS FRANCO RAJENDRA DEV)GENERAL SECRETARY

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

Ref: ORG/14/2018� 04/04/2018


Dear Sir,

REALISATION OF RBI IMPOSED PENALTY FROM OFFICERS

Please refer our letter no. ORG/51/2017� d a t e d 19/10/2017 and ORG/57/2017 dated 30.11.2017 on the above subject. Now, we understand that SCAB, Chennai has debited the accounts of the Joint Custodians of the Currency Chest which is against the

thassurances given in the CNC held on 12 March 2018 at the Corporate Centre, Mumbai. The matter was also an agenda item in the CNC meeting held in the Circle

rdon 3 March 2018 where it was assured that the matter will be considered favourably.

It is pertinent to note that regarding 'Soiled Notes Remittance to RBI', Bank's Book of Instructions, Volume I, Chapter 6, para 25.1 specifically states, ' The Assistant (cash) etc. who prepares the bundles of remittance is responsible for both quality and quantity in the bundles. Should any discrepancy such as shortage, mismatch, cut, forged notes, etc. are detected by the RBI in the bundles, the recovery will be made from him.'

Similarly, Bank's Circular No. NBG/AGNYBKG-CC/3/2016 – 17 dated 16.04.2016 states that for preparation of soiled notes remittance,” Identified staff (POTDAR) will make a bundle of 1000 pieces and process the notes on NSMs for verification of both quality and quantity. Shrink wrapping of all the bundles of SNR should be ensured. This will eliminate the possibility of counterfeit/shortages and mutilated notes in packets of Soiled Note Remittance”



Likewise, the procedure to be followed to for verification of the process of counting the notes at RBI also is mentioned para 25.2.i to iv . It is stated that the identified branch in the RBI Centre should go to RBI when the remittance from any of our Branch is slated for counting. He will observe the process of examination and the note slips on the bundles will be handed over to him by RBI. None of these procedures are followed by the Bank. Had we followed the procedure, the source of shortage, mismatch,, cut, forged notes would have been known and accounta-bility fixed.

Debiting the account of the Joint custodians without following any process and without notice to the joint custodians is violation of the time tested principles of natural justice.

Regarding the shortage debited to the joint custodians of SCAB, it is to be noted that SCAB receives cash from the linked branches and the branch does not receive any cash directly from customers. All the cash remitted to RBI by SCAB was received from the linked branches. Moreover, during the period of demonetisation, due to shortage of cash, RBI itself remitted unexamined non-issuable currency notes. Most of these notes were not distributed to branches but remitted back to RBI.

In some Circles, the Circle Management has taken up the issue with RBI and has reversed the entries pointing out their mistake. In many Circles, the amount has been paid by debit to the respective Branch Charges Account.

We request you to kindly consider the above and the special circumstances under which the demonetized currencies were received and remitted to RBI and instruct appropriately to not punish the joint custodians of the Currency Chest branches who had sacrificed days and nights during the period of demonetization.

Yours faithfully,


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

Ref: ORG/13/2018� � 04/04/2018


Dear Sir,

SBI INFRA MANAGEMENT SOLUTIONS PVT. LTD.

SBI Infra Management Solutions Pvt. Ltd (SBIIMS) was incorporated to manage its premises and estate related matters. The job of acquisition, construction and maintenance of owned and leased premises are looked after by SBIIMS. Some of the Specialist Officers have already been transferred to SBIIMS. We feel that it is privatization which we strongly oppose.

Transferring the assets of the Bank to another subsidiary- SBIIMS will deplete the balance sheet and show the Bank in poor light, giving scope for unfair criticism. We also understand that there are instructions that no new project work should be undertaken during the current year. This has made the staff transferred to this vertical as redundant.

It appears that a decision has been made to dispose off some of the land and building . The current position for real estate is very poor and the decision to dispose land and building will bring very poor returns. Thus this is not the appropriate time for disposal of any of our land.

At Chennai Circle we have unutilized land at Perambur- Chennai, Nagapattinam and a few other centres. Perambur is fast developing and a new Mall is coming up in the area. The value of the land will considerably be higher, once the Mall gets operational. Thus, any proposal to dispose off the property should be postponed so as to reap the benefits of the fast changing scenario at Perambur. Moreover, our Bank is paying more than Rs. 38 lacs as monthly rent for the DACs functioning at Mugappair and Royapettah. We also require one more Learning Centre, as the staff strength of the Circle has increased after merger of Associate Banks. Moreover SBLC, Nungambakkam is in rented premises. Office for DAC can also be constructed at Perambur as more than required space is available at our Perambur site.

We request you to take up the matter with Corporate Centre and do the needful in this regard.

Yours faithfully,




Ref: ORG/09/2018� � 21/03/2018

The Chief General ManagerState Bank of IndiaLocal Head Office,, Chennai 600 006.

Dear Sir,

Payment of Compensation for the work done during Demonetization

Debit of RBI Penalty to the Officers' Accounts for Shortage/Fake Notes

As you are aware, when demonetization was thannounced on 8 November, 2016, our officers were

required to suddenly shoulder the burden of exchange of Notes, Remittances, Handling the unprecedented crowd, Smooth conduct of the process amidst multiple and daily instructions from RBI, confusion with regard to SOP for exchange of Notes, lack of adequate Note Sorting Machines, UV machines for identification of fake notes, lack of storage space in strong rooms and amidst pressure from controllers to achieve the banks' business targets etc. Our officers have risen to the occasion and completed the impossible task in an exemplary manner. The entire country praised the efforts of our officers.

It is but natural that when a task of such magnitude was thrust without preparation or prior intimation, there is bound to be certain inadvertent and unintentional shortcomings either in terms of quality or quantity of the notes. We were time and again assured that the hardwork done during such a special situation would be compensated adequately and lapses, if any would be protected.

We are pained that after a year and five months of demonetization, adequate compensation has not been paid to our Officers who toiled day and night to save the image of the Bank and the government. All promises have been forgotten. The decision taken in

the Central Negotiation Council has been ignored. When the Corporate Centre decided to pay Rs. 6000/- for holiday and Rs. 3000/- for late sitting, it was based on a scientific calculation which should have been followed by the circles for the rest of the days in which officers worked. Our demand of Rs.2000/- for 35 days is rational, considering the special situation. One year and five months have passed by and despite clear instructions from the Corporate Centre, which was also reiterated in the Central Negotiating Committee

th thmeetings held on 30 October, 2017 and 12 March, 2018, the payment at the Circle remains in the backburner.

We have also been assured that the RBI Penalties on account of Shortages and Fake Notes will not be passed on and debited directly to the officers, who handled the entire situation in good faith. On the contrary, without informing the officer concerned, their accounts have been debited directly. This has been reiterated by the Corporate Centre as well in both the CNC meetings. This has hurt the sentiment of all our officers. We request you to immediately stop further debits and refund the amount already debited to the officers' account.

Under these circumstances, if the RBI Penalties are passed on in discriminatory to the officers' accounts and if adequate payment for work done during Demonetization is not paid immediately, we will be

thconstrained to go on demonstrations/dharna on 26 March in front of all Circle Offices and Module Headquarters and further our officers will not work during holidays.

Yours faithfully,

(D. THOMAS FRANCO RAJENDRA DEV)

GENERAL SECRETARY

Copy to : The DMD & CDO, SBI, Corporate Centre, Mumbai

Have you displayed Association posters?

Have you displayed circulars in a notice board?

Are you sharing our pamphlets and books with customers?

Have you displayed “Compendium of Customer

Information” at the Branch?

Have you downloaded our Circle Association’s App.



YOU SHOULD KNOW

STAFF: OFFICERS (SPECIALIST) FO (AGRI & FI) ROLES AND RESPONSIBILITIES

FO (Agri& FI) may also be posted on the positions given below in addition to their existing role and responsibilities, after becoming MMGS-II:a) Branch Manager in Agriculture intensive Branches in

Rural/Semi Urban area.b) Deputy Branch Manager/support officer in

predominantly Agriculture Business Branches in Rural/Semi Urban area.

Circular No.: CDO/P&HRD-CM/105/2017 - 18Date: Thu 15 Mar 2018

*******************************************SAVINGS BANK ACCOUNT AVERAGE

MONTHLY BALANCE(AMB) AND PENALTY FOR NON-MAINTENANCE

It has been decided by the appropriate authority to reduce the penalty for non- maintenance of AMB wef 01.04.2018 as under:

Penalty for Non- maintenance of AMB

Metro &Urban Semi-Urban Rural

AVERAGE MONTHLY BALANCE Rs.3000 Rs.2000 Rs.1000

Shortfall < = 50% Rs. 10/- + GST Rs 7.50 +GST Rs 5.00 + GST

Shortfall > 50 – 75% Rs. 12/- + GST Rs 10.00 +GST Rs. 7.50 + GST

Shortfall > 75% Rs. 15/- + GST Rs.12.00+GST Rs 10.00 + GST

Average Monthly Balance is not applicable to Financial Inclusion accounts including PMJDY accounts, No Frill accounts, Salary Package accounts, Basic Savings Bank Deposit accounts, BSBDA- Small Accounts, Phela Kadam and PheliUdaan accounts, Minors upto the age group of 18, Pensioners all categories, Recipients of social security welfare benefits. (Direct Benefits) and students upto the age of 21 years.Circular No.: NBG/PBU/LIMA-SB/37/2017 - 18Date: Fri 16 Mar 2018

*******************************************UTILITY SERVICES, RENT & OTHER

MISCELLANEOUS DEPOSIT (USROMD) PUTTING RESTRICTIONS ON DEBIT

TRANSACTIONSIt has been decided to put debit restriction in all above five USROMD BGL Accounts viz. 98907, 98916, 98917,

98918, 98919. The BGL Accounts have been made 'reconciliatory type' with 'One to Many' having reference number for each entry. The revised guidelines in regard to operations in USROMD BGL Accounts are as under:a) The branches/offices may release payment of

advance amount to respective utilities/ landlords by debit to Branch Suspense account.

b) A list of all such debit transactions in Suspense account will be prepared by the branches and sent to their Controller for getting permission to debit in USROMD BGL Accounts and for reversal of entry in Branch Suspense account.

c) On receipt of Controller's permission, the branches will lodge request in Service Desk attaching scanned copy of approval by the Controller, to allow debit transactions in USROMD BGL Accounts.

d) The proceeds of such debit entries in USROMD BGL Accounts will be only for reversal of outstanding debit entries in Branch Suspense account.

e) On receipt of refund from the party/ vendor, the respective USROMD BGL Account will be credited using System reference number of that debit entry outstanding in USROMD BGL Account.

f) The branches will lodge Service desk request to open USROMD BGL Accounts for debit transactions only twice in a month.

g) There will not be any restriction on credit transactions in USROMD BGL Accounts.

h) Outstanding entries in USROMD BGL Accounts will be part of Audit BGL Report in CDC reports.

Circular No.: R&DB/BOD-BOD/102/2017 - 18Date: Thu 22 Mar 2018

*******************************************STAFF:: MISCELLANEOUS:

VACATION POLICYThe Officials holding the positions/posts termed as “Sensitive” from vigilance point of view are invariably to be covered under the “Vacation Policy” without any exception. Time Line and Standard Operating Procedures for compliance by all the operating functionaries are,a. Respective Branch Head/ Departmental Head have to

prepare plan and take stock of leave schedules for thcompliance of the Vacation Policy latest by 30 June,

for all the employees covered under the Vacation Policy under their Area of administrative control.

b. All leave for compliance of the Vacation Policy for the thFY shall be applied and sanctioned by 15 July.

c. A schedule is to be prepared to ensure smooth functioning of the branch/ department and avoid



bunching of leave applications.d. It is to be ensured by the controllers that during such

absence, the officials and clerical staff members do not have access to any physical or virtual resources to his work responsibilities with an exception to corporate e-mails. The concerned officer/award staff member may be disabled in the 'System' during the period of his/her leave/ absence.

the. Minimum of 50% compliance is to be ensured by 30 September.

stf. 100% compliance is to be ensured by 31 December.

Circular No.: CDO/P&HRD-PM/109/2017 – 18,

Date: Fri 23 Mar 2018

*******************************************

STAFF: MISCELLANEOUS BANK'S MEDICAL REIMBURSEMENT SCHEME

Reimbursement of expenses on Vaccination to Children of employees:

The Bank will reimburse expenses incurred by an employee/ officer on the vaccinations up to a certain extent. Detailed list of vaccinations has been given in 'Annexure-A' of the below mentioned circular.

Reimbursement of expenses on Normal Delivery to employees/ spouse of employees:

The expenses incurred on Normal Delivery shall be reimbursed to all employees/ officers or their spouse up to a ceiling of Rs. 50,000/- in one instance subject to two deliveries in the entire service period. The expenses will be reimbursed on the basis of actual charges or Rs. 50,000/-, whichever is lower.

Revision/ Fixation of ceiling for medical implants:

The cost of the implants for different purposes may be sanctioned as per the actual cost of the implant or the ceiling prescribed, whichever is lower. The ceiling prescribed is inclusive of GST and all accessories. The details are mentioned in 'Annexure -B' of the below mentioned circular. The sanction related to implants shall be done by the Circle. Any item not mentioned in the Annexure may be referred to Corporate Centre for further consideration.

Reimbursement of expenses in case of kidney and liver donation by employees to third party/non-dependent family members:

It has been decided that expenses incurred by an employee / dependent family member as donor in case of kidney/ liver transplant shall be reimbursed up to a ceiling of Rs. 1,50,000/- in respect of kidney transplant and Rs. 5,00,000/- in respect of liver transplant. The expenses will be reimbursed on the basis of actual charges or ceiling as above, whichever is lower. However, in case the medical

expenses incurred by a donor are covered under any insurance policy, the Bank shall not reimburse the amount to the extent of insurance coverage.

Circular No.: CDO/P&HRDIR/111/2017 18

Date: Fri 23 Mar 2018

*******************************************

DISCONTINUATION OF HOLOGRAM STICKERS ON IOI

It has been approved by the Appropriate Authority to discontinue affixation of Hologram on IOIs at the time of issuance. The Hologram will continue to be affixed on the manual BGs issued.

Circular No.: NBG/CPC/9/2017 – 18,

Date: Tue 6 Mar 2018

*******************************************

STAFF: MISCELLANEOUS: INDIVIDUAL HOUSING LOAN SCHEME (IHLS)INCLUSION

OF CHILDREN AS GUARANTOR

The following modification is done in the IHL scheme-

i) The income of spouse/children may be considered for reckoning of loan eligibility.

ii) The name(s) of children may be included as guarantor only.

a) The property should be in the name of employee/ officer or the spouse of the employee/officer or in the joint names of both.

b) I f the proper ty i s in the jo in t names of employee/officer and spouse or only in the name of spouse, the spouse should be a co-borrower with the employee/officer.

c) If income of the spouse is being considered for arriving at the loan eligibility the spouse should be a Co-borrower.

d) If the income of children is being considered for arriving at the loan eligibility, the children should be Guarantor(s).

e) The spouse/children should be employed/engaged in business/profession etc. for a minimum period of one year and should have a steady source of income evidenced by salary certificate, Form 16 or Income Tax return for their income to be considered for arriving at the loan eligibility.

f) The liability of the guarantor(s) will be co-extensive with that of borrower(s).

g) The overall eligibility of loan limit for employee/ officer is restricted as per IHL Scheme

Circular No.: CDO/P&HRDIR/119/2017 18,

Date: Sat 31 Mar 2018





Comradely yours,

(D. Thomas Franco Rajendra Dev)General Secretary

Dear Comrade,

Battle ahead to Save

Public Sector Banks

ith the changes announced in

Wthe Asset Clarification norms

on 12th February 2018 by RBI

all Banks are going to make loss in the March

2018 Balance Sheet. Though we will have

good Gross Profit, Net Profit will show loss.

By reducing the no of days of default from

365 to 180 to 90 to 30, more NPAs are

declared. The most unscientific decision of

asking Banks to provide 50% of the balance

on Accounts transferred to NCLT in first year

and another 50% in the next year, the Banks

are forced to show loss. This move along

with prompt corrective actions which is not

prompt forced on 11 Banks and asking all

Banks to follow the Ind AS Accounts, the RBI

is paving way for showing the Banks in poor

light. Their aim is to privatise the Public

Sector Banks.

So we are taking many steps including

communication to RBI, IBA, DFS and

Finance Minister. We are organising

Demonstrations and letters have been sent to

the Prime Minister and his advisors too.

Our Banks is also under severe stress as we

are the leaders of the consortium in many big

loans. We have to concentrate on small loans

to farmers, traders etc.

We are glad that the Bank has released the

compensation for demonitisation to all

officers. We are also pursuing the same for

the e Associate officers with the Circle

Management.

Please follow the Work Life Balance Circular

in full spirit.

In a departure from the past, I propose to

make the succession plan for the Circle

Association in Advance which you will know

soon.

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