Editorial Board

EditorCom. Walter lasrado

MembersCom. Vincent d’Souza

Com. G. Govardhan PrabhuCom. B.N. rajajiCom. M. Nagaraj

Corporation Bank Employees’ UnionCBEU Golden Jubilee Hall, 1st Floor,

opp: Sharada Vidyalaya, P.V.S. Kalakunj road,

Kodialbail, Mangalore 575 003

Phone: 4279303

Volume No. 22

issue No. 4

June, 2015

For Private circulation only

Views expressed in this Magazine

are not necessarily those of

Corporation Bank Employees’ Union

dear Comrades,25th May, 2015 is a Red Letter Day in the history of all india Bank Employees’ association (aiBEa) which is our parent organization on its achievement of signing another Bipartite settlement with iBa i.e., 10th

Bipartite Settlement. this 10th Bipartite Settlement is unique in nature for the reason that an increase of 15% in wages has been achieved which is the highest ever we got through this settlement. More than 10 lakh bank employees/officers are getting benefitted because of this glorious settlement. this settlement has been signed at a time when the Government wanted to foist Khandelwal Committee recommendations to dismantle industry-wise wage revision and impose bank level wage revision that too depending on the capacity to pay by the respective banks. they also wanted to introduce fixed pay and variable pay concept in the banking industry which was out rightly rejected by the aiBEa totally. all these attempts on the part of the Government and iBa have been foiled and once again aiBEa has come out victorious in signing the 10th BPS for bank employees. aiBEa has not only succeeded in determining the wage increase for bank employees but it has succeeded in determining the wage increase even for cadres up to General Managers as well.the salient features of 10th Bipartite Settlement are as under:1. Merger of da at 4440 points of price index (highest ever) with Basic;2. Stagnation increments enhanced to eight to both clerical and sub

staff cadre including Part-time employees;3. increase in special allowances without any increase in duties;4. Hra increased (area iV – rural area abolished);5. a new scheme for full reimbursement of hospitalization/medical

expenses introduced;6. reimbursement of normal delivery charges;7. 100% lFC encashment without availing any kind of leave introduced;8. Special leave for Hysterectomy;9. Paternity leave for male employees;

HISTORIC 10TH BIPARTITE SETTLEMENT SIGNED

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LABOuR NEwSGOvT’S LABOuR REfORMS REMOvE SHIELD fOR wORkERS: ILO

the international labour organization (ilo) has flayed some of the recent labour reforms proposed by the Narendra Modi government, saying these would take away a chunk of workers from the protection of basic laws.

as the trade unions’ confrontation with the government is set to escalate, the ilo is helping them prepare a position paper on the recent labour law reforms, industrial relations and industry development.

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“For some time now, a concerted campaign by the government was on to create an impression that nearly 40 central and nearly

150 state labour laws were redundant. the labour reforms, trade unions have voiced, are aimed at making hiring and firing simpler and they are not devised to protect labour,” said a draft concept note sent by the ilo to the central trade union leaders recently.

the ilo has invited various central trade unions leaders to its delhi office to present the final inputs of the position papers, incorporating their views. this would be followed by a national-level trade union conference on June 29-30 in delhi where these position papers would be discussed in detail. the conference would be organised by the Bureau of Workers’ activities of the ilo, along with the Centre for informal Sector and labour Studies of the Jawaharlal Nehru University, delhi.

10. Special sick leave to employees who donate kidney/organ;11. 2nd and 4th Saturdays will be full holidays.12. reckoning of actual length of service of Part time employees while calculating pension.the wonderful achievement of this 10th BPS is introduction of a new scheme of full reimbursement of hospitalization/medical expenses incurred by the employee/dependent family members including domiciliary treatment. this scheme would be available even after their retirement. in addition, all the existing retired employees would also be covered by the scheme and further the entire cost of the scheme would be exclusive of the wage revision cost agreed to by the iBa. all the existing employees including new recruits will be covered from the date of joining; the scheme covers employees, their spouse, their dependents and any two of the dependent parents/parents-in-law; scheme would be covered to employees beyond their retirement/resignation; cashless facility also available .Hence members may please note that apart from highest ever increase in wages aiBEa has also taken care the health of the employees and the retired employees as well. While congratulating the entire membership for the wonderful solidarity they have displayed in participating in all the agitational actions including strikes but for which this 10th BPS would not have been possible, let us also rededicate ourselves to the doctrines of aiBEa which has given everything to us by securing continuous monetary as well as other numerous facilities for leading a decent life.Red salutes to AIBEA - Lal Salam to AIBEAWith greetings, Comradely yours

(WaltEr lasrado)

Editor

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“the conference will discuss the trade union position papers on labour law reforms, industrial relations and industry development. the papers will be finalised, which will serve as a reference toolkit for the trade unions’ future actions,” said the invitation letter extended to five leaders of each trade unions, including the Bharatiya Mazdoor Sangh, the indian National trade Union Congress, and the Centre of indian trade Unions.

the ilo said instead of taking into account unions’ recommendations to simplify the laws, a separate law for small-scale industries was proposed, exempting factories with 40 workers from the ambit of 14 labour laws. “this, in effect, has taken away a large chunk of workers from the protection of basic labour laws,” said a draft concept note for the national trade union conference sent by the ilo.

this is the first time the ilo has hit out at the Union government and highlighted the trade unions’ concerns after a slew of labour law reforms were proposed. “Unions feel that they have not been sufficiently consulted on the process...the strong statements issued by all trade unions indicate there is not an iota of doubt in their minds about what these reforms are all about and who stood to gain from them,” the draft note said. “Most of the new laws announced are not in favour of workers or unions.”

in the last two months, the ilo has organised regional seminars with the unions as well, discussing the issues of the labour law reforms and understanding their perspective on the reforms. on March 31-april 2, a conference organised in Chennai was attended by 36 senior trade union leaders and on May 4-6, the regional meeting was attended by 24 union leaders.

recently, the Union labour ministry had

proposed a slew of labour law changes, including allowing more flexibility to employers to retrench workers, restricting formation of trade unions and tightening norms for declaring a strike. the trade unions have unanimously opposed these and are set to go on a nationwide strike on September 2 against the proposals.

LABOuR MINISTRy BID TO SOfTEN IMAGE: NO INSPECTOR, ONLy fACILITATORS

in a quick fix solution to the ongoing debate over the “inspector raj” issue, the Ministry of labour and Employment has decided to replace the term “inspector” with the term “facilitator” in a proposed legislation on wages.

in its draft labour Code on Wages Bill 2015, which will replace four central statutes on wages - the Minimum Wages act, 1948 the Payment of Wages act, 1936 the Payment of Bonus act, 1965 and the Equal remuneration act, 1976 - the labour ministry has decided to use the term “facilitator” for the person who will “supply information and advice to employers and workers concerning the most effective means of complying with the provisions of the code”.

according to the draft Bill, the facilitator will also “inspect the establishment” within the local limits assigned to him.

this is the first time that the ministry is using the term facilitator. Earlier, in amendments to the Employees’ State insurance act in 2010, the ministry had redesignated inspectors as “Social security officers”. “the objective is to project a more friendly image to employers. the facilitator’s functions and powers are also proposed to be in keeping with this image,” said a person close to the development, pointing out that the labour ministry has been rolling out initiatives over the last one year that

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are aimed at being more business friendly.

While the facilitators retains the labour inspector’s power to examine workers, search and seize copies of relevant documents, the ministry in a significant softening of stand, has proposed that instead of taking action defaulting employers straight away, facilitators will give them a chance to comply with the provisions of the code.

“the facilitator shall, before initiation of prosecution proceedings, give an opportunity to the employer to comply with the provisions of this code by way of a written direction, which shall lay down a time period for such compliance, and if the employer complies with the direction within such period, the facilitator shall not initiate such prosecution proceedings,” says the draft Bill.

the facilitators will use web-based inspection system launched by the ministry last year instead of going for frequent checks and inspections.

BANk’S CIRCuLAR ON PENSION SET ASIDE

the Madras High Court has set aside a circular issued by Union Bank of india (UBi) on august 27, 2010 denying monthly pension to employees who had been imposed with a punishment of compulsory retirement from service.

allowing a writ petition filled by one such employee, Justice K.K. Saisdharan held that the circular was in contravention to Union Bank of india (Employees) Pension regulations, 1995 which provide for payment of pension even to these who had been retired from service compulsorily.

the judge pointed out that the Bank had framed the regulations at the time of introduction of a pension scheme for its employees in 1995. But then, some of the employees failed to

submit application expressing their desire to be a part of the scheme.

Hence, acting on the basis of a general advisory issued by indian Banks association to all financial institutions in the country, UBi issued a circular in august 2010 providing one more chance to its employees to avail the benefits of the pension scheme.

However, the circular stated that only those who take voluntary retirement would be eligible to monthly pension and not those who had been retired compulsorily as a mode of punishment following disciplinary proceedings initiated against them.

Holding that such a restriction on grant of pension was not in consonance with the provisions of the pension regulations framed by the bank in 1995, the judge said that a circular could not override the regulations which were statutory in nature.

PROvIDENT fuND LIkELy TO BE ON ‘CONTRIBuTORy wAGES’

in a breather to employers, the labour ministry has proposed that contribution by companies towards their workers’ EPF schemes would be a portion of “contributory wages” which will not include house rent and travel allowances.

the concept of “contributory wages” for the purpose of PF deductions has been included in the Employees Provident Funds and Miscellaneous Provisions (amendment) Bill, 2015. Which will soon be placed before the Cabinet for approval.

“the bill as been firmed up. it will be sent for Cabinet approval so that it could be introduced in the Monsoon session of Parliament,” a senior labour Ministry official said.

the final draft, prepared by the labour ministry, is significant dilution of concept of clubbing wages proposed by the labour

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unions. While the unions wanted that 12 per cent PF contribution by the employers should be on total take home salary, the employers were opposed to the idea as it would have increased their PF liability and reduced workers’ pay. the final draft has proposed that PF contribution made by employers would be a portion of contributory wages which will not include Hra, travel allowance, to defray special expenses entailed on workers by nature job, gratuity.

CENTRE SAyS CAN’T GIvE ̀ 3k PENSION

it is not possible to provide a minimum monthly pension of ` 3,000 under the Employees’ Pensions Scheme 1995, run by the retirement fund body EPFo, the Parliament was informed on Wednesday.

“the EPS, 1995 being a contributory scheme, obligations of all payments are met from the assets of the fund. the higher level of minimum pension of at ̀ 3,000 is not possible without compromising the financial viability of the scheme,” labour minister Bandaru dattatreya said in the rajya Sabha.

in a separate reply, he said “providing a minimum pension of ` 3,000 to lakhs of existing pensioners and crores of prospective pensioners has huge financial implications and could jeopardise the existence of the pension fund itself. a report by a Committee on Petitions had recommended increasing the government’s share of contribution to EPS-95 from 1.16 per cent of the basis wages to 8.33 per cent.

fIRMS MAy BE ALLOwED TO SACk uP TO 300 wORkERS wITHOuT GOvT APPROvAL

the labour ministry is set to allow companies to sack as many as 300 employees without prior government approval, a decision that risks stirring labour unrest and provoking

another confrontation with opposition parties that have already sought to portray the Bharatiya Janata Party (BJP)-led ruling coalition as anti-farmer.

Companies are now allowed to let go of up to 100 employees without needing government approval. the new, higher limit will be applicable to companies where “not less than 300 workers were employed on an average per working day for the preceding 12 months”, according to a senior labour ministry official.

Effectively, company with 300 employees would be shutting operations if it were to let go of all its workers.

the labour ministry will hold consultations with industry representatives and trade unions on the proposal.

the ministry has taken the cue from rajasthan, where the BJP-led state government implemented a similar plan by amending the industrial disputes act last year.

the proposal will be made part of the proposed labour Code on industrial relations Bill, 2015, that is being prepared by merging the industrial disputes act, 1947, the trade Unions act, 1926, and the industrial Employment (Standing orders) act, 1946.

“rajasthan already has done this and others may soon follow. We are thinking that unless you relax your labour norms, you won’t be able to attract investments. to promote a sense of competitiveness, legislations needs to be flexible,” said the labour ministry official cited above.

“Hire and fire are not a bad idea always. if a company is flourishing, then it will create more employment, but if it’s facing financial or business difficulties, it needs to reduce workforce. that’s why we have proposed this in the new labour code.

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NPS BECOMES MORE ATTRACTIvE

SuBSCRIBERS fOR 10 yEARS OR MORE CAN NOw wITHDRAw uP TO 25% Of THE CORPuS

in the 2015-16 Budget, the Centre granted additional tax deduction of rs. 50,000 to contributions made to the National Pension System (NPS). Now, it has made this pension scheme more attractive.

For an investor, the one glitch with NPS all along was that it didn’t offer liquidity. Unlike the Employee Provident Fund (EPF) which allows withdrawal of money when a person moves from one job to another or for reasons such as illness or child’s education, NPS allowed withdrawal only at the age of 60 years. if one chose to withdraw before the age of 60, 80 per cent of the amount needed to be converted into an annuity.

But, now, thanks to a few tweaks, withdrawals from NPS will be allowed. the Pension Fund regulatory and development authority (PFrda) has put out a new set of regulations for NPS.

Partial withdrawals

all individuals who have been making contributions to NPS for 10 years or more will be now given the option to withdraw up to 25 per cent of the corpus. to check needless drawing of money from the corpus, withdrawals will be allowed only on four grounds.

these are: child’s education, marriage, purchase (or construction) of a residential house, or treatment of any illness (either of the individual himself, his spouse or children). there are 13 critical illnesses, including cancer, kidney failure, paralysis and heart

surgery, for which withdrawal claims will be accepted. However, it has been stipulated that only a maximum of three withdrawals will be allowed and that too at an interval of five years.

When making withdrawals citing illness, the condition that five years should have elapsed from the previous withdrawal will not apply.

the new regulations say that corporate subscribers (who contribute through their employer) and normal citizens (other than those subscribed for NPS lite and Swavalamban), if they so desire, can continue to contribute and keep money invested in the NPS account and not withdraw it till the age of 70.

However, to do this one should inform the authorities concerned at least 15 days prior to the attainment of superannuation (the time you exit) and agree to bear the fund management and other administrative expenses.

there is also a leeway now to defer the purchase of annuity by three years from the date of exit. Earlier, 40 per cent of the amount was to be converted into annuity at maturity.

also, if the corpus is less than rs. 1 lakh at maturity (in the case of corporate subscribers and normal citizens) one can withdraw it completely and not necessarily buy an annuity at the time of exit.

according to the new rules, the subscriber’s money in the NPS account is not liable to seizure or attachment by a court on application of a creditor.

there is also a leeway now to defer the purchase of annuity by three years from the date of superannuation.

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BANkING NEwSBASEL PANEL SAyS INDIAN BANkS LARGELy COMPLIANT ON LIquIDITy STANDARDS - RBI

a Basel committee has assessed indian banks' liquidity coverage ratio requirements as 'largely compliant' with the minimum prescribed standards, the reserve Bank of india said in a circular.

the Basel Committee on Banking Supervision has published the assessment reports on its website on the implementation of liquidity coverage ratio and other risk-based capital framework for its member countries.

liquidity coverage ratio is one of the new capital measures under Basel iii which require banks to maintain highly-liquid assets to meet any short-term outflow.

40 fIRMS ACCOuNT fOR 50% Of BANk BAD LOANS, HOuSE PANEL TOLD

the Centre has told the Parliamentary Standing Committee on Finance that 40 major companies in the country account for 50 per cent of the total non-performing assets (NPas) or bad loans in various banks.

the Centre is also learnt to have told the panel that if the banks follow the guideline of the reserve Bank of india strictly, the amount of NPas may rise.

the panel members have asked the government to submit the list of defaulters and the amount owed.

the panel started taking oral evidence of various departments on the issue. the representatives of the Finance Ministry (department of Financial Services), Nabard and SidBi appeared before it. “the meeting was inconclusive. We will meet these representatives again on the issue,” a member said.

Headed by Congress leader Veerappa Moily, the panel had selected NPas as a subject last year.

it is likely to submit a report on the subject during the Monsoon session of Parliament.

the opposition parties have been urging the Centre to take steps to recover liabilities of big companies and use that amount for welfare.

Net neutrality

Meanwhile, the Standing Committee on information technology met representatives of BSNl, Bharti airtel, Vodafone india and idea Cellular ltd on net neutrality and frequent call drops.

“We have got a number of complaints from the consumers. We wanted to hear the view of service providers as well. the process will continue,” a member in the panel said. all the three companies submitted their views on net neutrality.

Need for study

an in-depth study is necessary on this new subject of net neutrality, said member of the Committee and CPM leader P. Karunakaran, adding that “the main issue is that common people should get the benefits and it should not be at the will and pressure of private companies.”

telecom regulatory authority of india, telecom Ministry, private companies and other stakeholders will be consulted before taking a final call, he added.

GANDHIGIRI By uNION BANk Of INDIA STAff TO RECOvER PENDING DuES

it was something different for residents of Grorepati Galli in Civil lines area. the staff members of Union Bank of india, Nagpur, peacefully gathered in front of a posh bungalow in the lane, and held

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placards requesting for payment of the bank’s dues.

the bank staffers, including women, resorted to ‘Gandhigiri’ in front of ‘Yash’, the residence of Yashwant Sangala and Maju Sangala, on Henessey road (Crorepati Galli). as per the bank, the Sanglas are the directors of M/s linkson Coal and Minerals Private ltd. M/s linkson Coal and Minerals Private ltd had availed a loan of ` 55 crore form Union Bank of india. However, it turned into Non-Performing asset (NPa) in december 2013.

the bank staffers carried placards requesting for repayment of the bank’s dues. the staff of Union Bank of india took the extreme step of staging demonstration in front of the residence of the Sanglas to make the company repay the public money.

GOLD DEPOSIT SCHEME wILL EARN TAx-fREE BANk INTEREST

to bring huge gold deposits of 20,000 tonnes held by indian into the market and curb gold imports, the finance ministry announced a draft gold monetisation scheme, in which a person can earn tax-free interest by depositing the precious yellow metal with banks. the banks will fix the interest rates earned on gold deposits.

a person holding gold will have to take it to purity testing centres, where jewellery will be melted to check its purity. in case a person doesn’t agree with the purity test, he/she will have the option to take back the gold in the form of gold bars after the payment of a fee.

if the customer agrees to deposit the gold, he/she will be given a certificate by the collection centre certifying the amount and purity of gold deposited. the minimum quantity of gold a customer can bring is proposed to be set at 30 grams, so that even small depositors are encouraged. Gold can be in any form bullion or jewellery.

NEw NORMS fOR PSu BANkS RECAPITALISATION

the government is likely to change the criteria for assessing candidates among state-owned banks for recapitalisation. the new criteria may include parameters like operating income, level of non-performing assets held by these banks in their books, ability to manage risk and cost to income ratio.

Finance Minister arun Jaitely has budgeted ` 7,940 crore bank recapitalisation for 2015-16. in 2014-15, the finance ministry’s department of Financial Services (dFS) had considered only two parameters, namely return on assets.

the dFS is now considering the suggestions given by the banks and the indian Banks’ association (iBa) on tweaking the norms. “We might change the parameters by which we judge their suggestion,” Financial Services Secretary Hasmukh adhia had said after the Budget. “But the performance factor stays. We could consider the level of NPas. But remember, some of these are legacy issues.”

wOMEN DIRECTOR NORMS: BOuRSES ASk PSBS TO PAy fINE fOR NON-COMPLIANCE

Several listed public sector banks (PSBs) have received letters from stock exchanges asking for payment of fine for non-compliance with the mandatory woman director norm.

PSBs are in a fix as banking related laws, which prescribe the Board composition structure, do not require appointment of a woman director.

With SEBi now prescribing a four-stage penalty structure wherein fines increase with passage of time, PSBs are looking to approach the department of Financial Service (dFS) in the Finance Ministry for guidance on this matter, banking industry sources said.

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More than 1,000 companies on the BSE and nearly 200 on the NSE have not complied with the SEBi requirement inviting minimum penalty of ` 50,000.

SEBi recently said that listed companies can escape further regulatory action - beyond monetary fine - if they comply within the next six months, that is till September 30. according to the recent SEBi announced fine structure, listed companies that comply between april 1 and June 30 will have to pay ` 50,000 as penalty.

For those who comply between July 1 and September 30, the penalty would be ̀ 50,000 and an additional ` 1,000 a day till the date of compliance.

listed companies that comply on or after october 1, will have to pay ` 1.42 lakh, plus ` 5,000 a day till the date of compliance.

HOLIDAyS DECLARED By STATES ARE ExCESSIvE: INDIAN BANkS’ ASSOCIATION

iBa may ask Centre to rationalise holidays under the Negotiable instruments act

indian Banks’ association (iBa) feels that bank holidays declared under the Negotiable instruments act, 1881, by various States are ‘excessive’ and need to be rationalised.

a meeting of the managing committee of the iBa, which represents management of member banks, is learnt to have made known its view during discussions on ringing in a five-day week in the banking sector.

Consensus ready

it may be recalled that as part of the wage revision under the 10th bipartite settlement, a memorandum of understanding was signed on February 23 between the iBa and workmen unions/officer associations. a consensus was arrived at the every second and fourth

Saturdays of the month will be holidays and the other Saturdays will be full working days for bank branches/offices.

the matter was discussed in the managing committee of the iBa (represented by public sector banks, private sector banks, foreign banks and cooperative banks) at its meeting on april 7.

after detailed deliberations, the members agreed that there was a case for implementation of a five-day week in banks.

this would require that clearing houses, rtGS/NEFt and currency chests are also closed on second and fourth Saturdays.

the iBa has already taken up the matter with the reserve Bank of india seeking its consent to enable it to take up the matter with the Government and the Finance Ministry for issuing necessary Gazette notification it was here that the iBa managing committee felt that holidays declared under the Negotiable instruments act, 1881, by various State Governments needed to be rationalised.

the committee felt that the iBa may take up with the Centre the case for rationalisation of bank holidays under the act.

the iBa’s line of thought was given expression in a letter to the sponsor banks of regional rural banks, seeking their view on having second and fourth Saturdays as holidays and other Saturdays as full working days.

their input will help usher in uniformity across the industry and ‘enable us at the earliest to proceed further in the matter,’ the letter said.

it went on to add that “we have already taken up the matter regarding rationalisation of bank holidays under the Negotiable instruments act with the Finance Ministry.

“We have also requested the reserve Bank to consider suspension of clearing functions and

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rtGS/NEFt on second and fourth Saturdays and have full-day clearing services on other Saturdays like any other weekday.”

vIOLATION Of kyC NORMS: RBI fINES BoM, DENA BANk, OBC

Slaps ` 1.50 cr penalty on each; warns 8 other banks

the reserve Bank of india has imposed a penalty of ` 1.50 crore each on Bank of Maharashtra, dena Bank and oriental Bank of Commerce for violation of Know Your Customer (KYC) and anti-Money laundering (aMl) norms.

“Failure on the part of these banks to take timely remedial measures had aggravated the seriousness of the contraventions and its impact,” the rBi said in a release.

the rBi also cautioned eight other banks - Central Bank of india, Bank of india, Punjab and Sind Bank, Punjab National Bank, State Bank of Bikaner and Jaipur, UCo Bank, Union Bank of india and Vijaya Bank - “to put in place appropriate measures and review them from time to time to ensure strict compliance of KYC requirements in future”.

on the basis of a complaint received by the reserve Bank from a private organisation, a scrutiny of fixed deposits (Fd) accounts opened in its name in Mumbai-based branches of certain public sector banks was undertaken in July 2014.

With more complaints and involvement of other banks coming to light, a wider thematic review was conducted, covering 12 branches of 11 public sector banks.

the Scrutiny/thematic review looked into the modus operandi of the alleged frauds involving accounts of certain organisation in these banks, deficiencies/irregularities while opening Fds and extending overdraft (od) facility thereafter. the other violations involve

non-adherence to, among others, rBi’s instruction regarding funds received through the real time Gross Settlement System.

MEETINGSCENTRALISED MEETING Of MEMBERS IN HuBLI ON 11TH MARCH 2015

there were some unrest situations at some of the branches in Hubli and dharwad. Centralized meeting was not held for a long time. to have the feedback from units and to act on it, we decided to have a centralized meeting of all the members of Hubli, dharwad and neighbouring branches. a such, the meeting was convened on 11th March 2015 at a meeting hall in J.G. College of Commerce, Vidyanagar, Hubli. around 84 members attended the meeting from all branches of Hubli, dharwad, Yaliwal, Kubihal and anchatagere branches.taking advantage of the meeting, a cheque of rs. 1.00 lakh payable to the spouse of the deceased Mr. anand Savanur, PtS, at Coen road - Hubli Branch was handed over, after observing one minute homage reminiscing his services.Com. Stephen Jayachandra, Joint Secretary, CBEU addressed the members about the latest budget, MoU signed between iBa and UFBU on 23rd February 2015, the perspective of 2nd and 4th Saturday holidays, misinformation and rumours through Whatsup about the Pay and allowances, about the non-appointment of sub-staff and PtS in our bank and delay in the revision of NSHl, delay and wrong sanctions of personnel functions like ta bills, hospitalization and leave matters at Zo, autocratic attitude of Branch Manager/officers at the branches, were all discussed.the members while interacting, shared the negative and exploitative attitude of one Senior Manager at Coen road - Hubli and it was decided to have a separate meeting at that Branch. ladies are asked to sit late and work like officers. the customer service

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at the branch from the frontal counter staff is good and that the Chief Manager and Senior Manager create problems to customers and customers have complaints against officers. and that there is rude behaviour against customer by the Senior Manager at the branch. other problems shared are as follows;Pl applied 3 months earlier by one clerk before availment had not been sanctioned. there is interference by Zo insisting inconvenient mode of transportation on cash remittance from Navanagar to Currency Chest. the business at Yaliwal is huge and that few difficulties of power shortage in rural place is causing problems and that Generator is not in working condition. that there is no PtS on the rolls of that Branch. it was responded that all problems of employees would be taken with Zonal office for logical conclusion. With this, the meeting came to close.CENTRALISED MEETING Of MEMBERS IN DAvANAGERE ON 14TH MARCH 2015a meeting of the members for the branches for in and around davanagere and Chitradurga districts was felt a necessity. a meeting was convened on Saturday, the 14th March 2015 at rotary Club Hall, K.B. Extention, davanagere at 5.30 p.m.around 60 members attended the meeting from in and around the branches of davanagere and Chitradurga districts.Com. Mohan Hombal, E.C. Member of our Union presided over the meeting. Com. raghavendra Nairy, General Secretary of davanagere district Bank Employees association was the Chief Guest. Com. Stephen Jayachandra, Joint Secretary, Com. t.C.P. Veeresh, E.C. Member and Com. Sivaraj, Sub-Staff representative were on the dais.Meeting started with an invocation. Com. K. ravindra, Branch Secretary, CGH road - davanageere, Branch welcomed.taking advantage of the meeting, a cheque of rs. 1.00 lakh payable to the spouse of the

deceased Mr. Halappa, Peon at CGH road - davanagere Branch was handed over, after observing one minute homage reminiscing his services.Com. raghavendra Nairy, while addressing members dealt in detail on the development on Bipartite settlement, counter demands of iBa, the muted response of Finance ministry on our strike/s actions, Branch Expansion, outsourcing and about aiBEa as a fighting Union.Com. Stephen, Joint Secretary addressed the members about the latest budget, ‘Make in india’ slogan of PM and Fdi in railway, defence and insurance sectors, MoU signed between iBa and UFBU on 23rd February 2015, the perspective of 2nd and 4th Saturday holidays, misinformation and rumours through Whatsup about the pay & allowances, about the non-appointment of sub-staff and PtS in our bank and about the delay in revision of NSHl, delay and wrong sanctions of personnel functions like ta bills, hospitalization and leave matters at Zo, attitude of Branch Manager / officers at the branches, were all narrated.Com. Veeresh, EC Member recalled about the services of late Mr. Halappa. He asked members to be vigilant and not to become victims of the management.the members while interacting, shared the working problems at the branches. that at Harihar Branch, there are Pass Book printer problems and since there is no aMC being paid, the service provider does not attend and customer pressures and attacks on the frontal staff is on the rise. the net working printers connected are not functional and old computers at the branches are not compatible to the printers and that customer service is severely dented in most of the branches. Sarathi Branch members stated that there are connectivity problems. the thyavanige Branch Peon stated that he has been asked to hold the keys of atM and he opens and closes, for which no compensation is given by the Bank and that there is no Security Guard

CBEU Herald

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NAME BRANCH AMOuNT (`) Com. Maxim B. Monteiro Shakthinagar, Mangaluru 2,000/- Com. anjali anand agra 2,100/- Com. arumugam S. Palayamkottai 1,000/- Com. Sadiq Vali Kudathini 2,000/- Com. Konda Basavaraj Kudathini 3,000/- Com. Basavaraj Kakkabbe 2,000/- Com. Karthik raja V. Ujire Branch 2,000/- Com. M. Surendranath Uliyaragoli 2,000/- Com. Chelimela Swetha Head office 2,000/- Com. Kanchan Patil Virar 5,000/- Com. Sneha Chavan thana 2,500/- Com. anjali deorukhkar thana 2,500/- Com. Saraswati SNMC Bagalkot 5,000/- Com. Chandrakala Praveen Kumar Pandeshwara Branch 2,001/- Com. Babu Bhuyan davangere Mandipet 7,001/- Com. lancy Pinto Kankanady, Mangaluru 2,000/- Com. Vinoda K.M. ananthapur 2,000/- Com. Geetha N.S. amidyala 2,000/- Com. Megha t.S. thirthahalli 1,001/- Com. Poonam S. Sira 1,000/-

DONATIONS

for atM. the CGH road - davanagere branch members stated that there is no armed guard at the branch although the branch as inflow and outflow moves beyond rs. 70 lakh. Hirebidari branch members stated that the branch premise owner is harassing the staff to include his person in the panel of peon and PtS and no other person is allowed to work. that the premise and toilet of the branch are not cleaned but dusty all time. although the problem is shared with Zo, they are silent with no solution but branch staff is facing harassment from the local people. that one request transfer from Sarathi has been cleared that would solve the problem. Hiriyur branch staff shared that there are no permanent/temporary PtS and peon.

For PMJdY, rupay cards are defective and customer shouts at the staff for no fault of theirs. Com. Mohan Hombal, in his Presidential speech dealt on the new recruits with technical expertise and that they have to enrich their knowledge of banking and to know service conditions and their rights. He agreed that there are auto authorization problems and also in aBB transactions whereas core center does not empathize with problems of customers and staff. He also informed that growth of NPas and decline in CaSa in the Bank, are causes of concern.it was told to all employees that problems would be taken up with Zonal office for logical conclusion. With this, the meeting came to close.Com. tCP Veeresh proposed vote of thanks.