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CHIEF EDITOR : Sri. G V MANIMARAN
EDITORIAL TEAM
 
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friendandguide
e - MAGAZINE FROM CANARA BANK OFFICERS' ASSOCIATION
MONTHLY BRANCH- III LEAF - I NOV 2014
 

EDITORIAL

 

AFTER THE HISTORIC GENERAL ELECTION, NEW GOVERNMENT HAS TAKEN CHARGE UNDER SHRI NARENDRA MODI AND IT IS GOING TO COMPLETE 100 DAYS.

THE NEW GOVERNMENT HAS OUTLINED ITS BROAD OBJECTIVES WITH REGARD TO FINANCIAL INCLUSION, ALLOWING FDI UNDER INSURANCE, INFUSING CAPITAL FOR PSBs, REDUCING GOVERNMENT HOLDING IN PSBs, ETC.

THE GOVERNMENT IS ALSO REVIEWING THE MODUS OPERANDI OF APPOINTMENT OF CMDS IN PSBs IN VIEW OF LATEST INCIDENT THAT HAPPEND IN SYNDICATE BANK. THE TENURE OF CMDS IS ALSO LIKELY TO BE FOR A FIXED TERM OF FIVE YEARS. IT SEEMS THAT GOVERNMENT INTENDS TO REORGANISE THE PUBLIC SECTOR BANKS TO MAKE THEM MORE ACCOUNTABLE.

THE RECENT FRAUDS THAT WERE REPORTED IN DENA BANK AND ORIENTAL BANK OF COMMERCE REVEALS THAT ALL IS NOT WELL IN THE FUNCTIONING OF PUBLIC SECTOR BANKS IN THE EYES OF PUBLIC.



BUT OFFICERS WHO ARE TOILING DAY IN AND DAY OUT IN BANKS ARE TAKEN ABACK BY THE ABOVE REVELATIONS. ALL THEIR BURNING MID NIGHT OIL IN COMPLYING WITH GOVERNMENT GUIDELINES UNDER FINANCIAL INCLUSION, IMPROVING ADVANCE TO AGRICULTURE AND SMES ETC. ARE NOT GIVEN DUE CREDIT.



THE TALKS UNDER WAGE NEGOTIATION IS AT A STAND STILL AND IT HAS TO BE TAKEN FORWARD. UFBU IS WORKING ON THE ISSUE AND WE HOPE AND EXPECT A POSITIVE OUTCOME.


MEMBERS ARE REQUESTED TO KEEP ABREAST OF THE DEVELOPMENTS IN BANKING SECTOR AND EVER VIGILIANT TO SAFEGURD THE CHARACTER OF NATIONALISED BANKS.

G V Manimaran

GENERAL SECRETARY