friendandguide
EDITORIAL
DESK OF GENERAL SECRETARY
AIBOC CIRCULARS
arrow CIRCULAR NO : 11
arrow CIRCULAR NO : 12
arrow CIRCULAR NO : 13
arrow CIRCULAR NO : 14A
arrow CIRCULAR NO : 14
arrow CIRCULAR NO : 15A
arrow CIRCULAR NO : 16
arrow CIRCULAR NO : 17
arrow CIRCULAR NO : 19
Download e-magazine Jan 2014
Download e-magazine Feb 2014
FINANCIAL ARTICLES
arrow Financial News
arrow Survey on International Trade
REGIONAL ROUND UP
arrow Jan 2014
GENERAL ARTICLE
arrow Thirukural
arrow Health Tips
HO CIRCULARS
arrow HO circulars
arrow Forex Circulars
JOKES
arrow Oct 2013
CHIEF EDITOR : Sri. G V MANIMARAN
EDITORIAL TEAM
 
bottom
 
Archive
arrow Aug2011
arrow Sep2011
arrow Oct2011
arrow Nov - Dec 2011
arrow Jan 2012
arrow Feb 2012
arrow Mar - Apr 2012
arrow Special May 2012
arrow July-October 2012
arrow Dec-January 2013
arrow Feb 2013
arrow Mar 2013
arrow Apr 2013
arrow May 2013
arrow June 2013
arrow July 2013
arrow Aug 2013
arrow Sep-October 2013
arrow Nov 2013
arrow Dec 2013
 
events
 

Mr. K. S. Singh and Mr.G. V. Manimaran was coopted as President and General Secretary during the central commitee meeting held at patna on 17 & 18 nov 2012.

The central commitee meeting will be held on May 25 and 26 - 2013 at Chennai

 
bottom

friendandguide
e - MAGAZINE FROM CANARA BANK OFFICERS' ASSOCIATION
MONTHLY BRANCH- III LEAF - I FEB 2014
 

EDITORIAL

 

THE TWO DAYS STRIKE CALLED BY UFBU ON 10TH AND 11TH FEBRUARY 2014 WAS A GRAND SUCCESS. AS A RESULT OF THIS IBA HAS FIXED 3RD MARCH 2014 FOR NEXT ROUND OF NEGOTIATION. IT IS HOPED THAT BETTER WISDOM WILL PREVAIL UPON THEM AND THE FINANCE MINISTRY SO THAT DECENT, REALISTIC SETTLEMENT IS ARRIVED AT TO THE SATISFACTION OF ALL EMPLOYEES.

DURING THE NEGOTIATION, THE QUESTION OF PROFIT AND PROFITABILITY OF BANKS ASSUMED IMPORTANCE. IN THIS REGARD THE FOLLOWING NEEDS TO BE LOOKED INTO:

1. THE GOVERNMENT ENCOURAGED PRIVATE SECTOR TO PLAY MAJOR ROLE IN BANKING.

STILL THE NATIONALISED BANKS WERE COMMANDING 70% MARKET SHARE AND MAKING HUGE PROFITS.

2. GOVERNMENT INTRODUCED DEBT RELIEF SCHEMES WHICH MARRED THE RECOVERY MECHANISM OF PUBLIC SECTOR BANKS.

STILL BANKING SECTOR MADE PROFITS.

3. GOVERNMENT FORCED THE BANKS TO RESTRUCTURE ADVANCES DUE TO NATURAL CALAMITIES.

STILL BANKING SECTOR MADE PROFITS.

4. GOVERNMENT PROMOTED INCLUSIVE GROWTH, BRANCHES WERE OPENED IN REMOTE AREAS, FINANCIAL INCLUSION IS BEING PROPAGATED FOR WHICH BANKS RESPONDED INSTANLY.

STILL BANKS EARNED PROFITS.

5. GOVERNMENT INTRODUCED DBT, UNMINDFUL OF THE PROFIT OF BANKS. STILL BANKS EARNED PROFITS.

6. BANKS ARE RUNNING MANY SELF EMPLOYMENT TRAINING INSTITUTE FOR SKILL DEVELOPMENT AT A HUGE COST IN THE INTEREST OF YOUTH OF THE NATION.

STILL BANKS EARNED PROFITS.

7. IN 543 DISTRICTS, BANKS WERE ENTRUSTED WITH THE RESPONSBILITY OF ELECTION EDUCATION WITH THEIR MEAGRE MANPOWER AND AT THEIR OWN COST.

STILL BANKS EARNED PROFITS.

8. TO HELP PRIVATE CORPORATE, THE CDR MECHANISM WAS INTRODUCED AND FORCED ON PSU BANKS.

STILL BANKS ARE RUNNING THEIR BUSINESS WITH PROFITS.

THOUGH THE BROAD POLICY PARAMETERS DRAWN BY THE GOVERNMENT PULL DOWN THE PROFIT LEVEL OF BANKS, STILL THE GROSS PROFITS OF PUBLIC SECTOR BANKS HAS RISEN FROM RS. 99,981 CRORES AS ON MARCH 2011 TO RS.121,943 CRORES AS ON MARH 2013.

THE QUESTION OF PROFIT SHOULD NOT BE DISCUSSED AT THE TIME OF WAGE REVISION OF BANK EMPLOYEES AS BANKS ARE DISCHARGING MOST OF FUNCTIONS OF THE CENTRAL GOVERNMENT AND STATE GOVERNMENTS. PUBLIC SECTOR BANKS REGULARLY PAY DIVIDEND TO GOVERNMENT OF INDIA WHICH HOLDS SUBSTANTIAL CAPITAL OF PSBs.

AT THIS JUNCTURE WHEN MAJOR PORTION OF EXPERIENCED BANKERS ARE DUE FOR RETIREMENT, THE BANKING INDUSTRY HAS TO ATTRACT, RETAIN, and TRAIN THE YOUTH WHO WILL BE JOINING THE BANKS TO ENSURE THE EXISTENCE OF PSBs. FOR THIS LEGITIMATE COMPENSATION IS REQUIRED TO BE PAID CORRESPONDING TO THE CENTRAL GOVERNMENT EMPLOYEES AND UPHOLD EXTERNAL RELATIVITY.

G V Manimaran

GENERAL SECRETARY