Expected DA for Bankers

Banks suffer huge haircuts

Over 8 lakh bank staff to benefit from ibas revised medical insurance policy

RBI permits to operate NRO account with Power of attorney holder with some restriction

RBI permits to operate NRO account with Power of attorney holder with some restriction:

Refer master direction,

Operation of NRO account by Power of Attorney holder

Powers have been delegated to the authorized dealers/banks to allow operations on an NRO account by Power of Attorney granted in favour of a resident by the non-resident individual account holder provided such operations are restricted to:

(i) All local payments in Rupees including payments for eligible investments subject to compliance with relevant regulations made by the Reserve Bank; and

(ii) Remittance outside India of current income in India of the non-resident individual account holder, net of applicable taxes.

(iii) The resident Power of Attorney holder is not permitted to repatriate outside India funds held in the account other than to the non-resident individual account holder nor to make payment by way of gift to a resident on behalf of the non- resident account holder or transfer funds from the account to another NRO account.

Meeting of Charter of Demands

When Vigilance becomes Audit, Justice becomes the Casualty

When Vigilance becomes Audit, Justice becomes the Casualty (जब विजिलेंस ऑडिट बन जाए, तो न्याय की हत्या तय है।)

Vigilance is meant to identify corruption, fraud, mala fide actions and abuse of official position—not to act as a second audit department. The Central Vigilance Commission (CVC) has repeatedly clarified that vigilance action must be based on credible evidence and a clear vigilance angle, not on mere procedural or operational lapses. Yet, in many banking cases, (Presently I, can quote example of more than 10 live cases ) routine operational mistakes are bundled together to inflate charge sheets, while the real question—where is the vigilance angle?—is conveniently ignored.

Even more disturbing is the disregard for the Bank's own Staff Accountability Policy. The policy clearly provides that accountability should ordinarily be confined to officials connected with the preceding three years, should rely on audit observations of the previous four years, and that disciplinary proceedings should ordinarily NOT be initiated where lapses were not detected within two successive audits or beyond the prescribed period, except in cases involving fraud or mala fide conduct. It also states that mere procedural lapses, where an account became NPA due to external factors, should not be the basis for fixing accountability.

Instead of applying these filters, old cases are reopened after six, seven or even ten years, operational issues are portrayed as misconduct, and innocent officers spend years defending themselves. This wastes management time, demoralizes honest bankers, and diverts vigilance from genuine corruption.

Justice is not achieved by making charge sheets longer. It is achieved by making them fair, evidence-based, timely, and consistent with CVC guidelines and the Bank's own policies.

Vigilance should punish corruption—not criminalize bona fide banking decisions.

Suggestions for charter of demands

Your suggestion please

Suggestions for charter of demands

1. *Merger of Special Pay with Basic Pay* 

2. *5-Day Banking*  

Settlement should not signed  without  above two issues

3. *Substantial Salary Hike*  

Basisc should  be atleast equalbto RBI/LIC/GIS + increase  same as last increase for LIC/RBI/GIC

*Regulated working hours with no working on weekend*

*2. Working Conditions & Leave*

- *No calls/office on holidays* + *Fixed EOD time* + *unch break* 

- *Casual leave 12 → 15 days*

- *Paid Child Care Leave* 2 years CCL like Central Govt, till child turns 18

- *Maternity leave*: 9-12 months per child

- *Transfer policy*:  transfer of spouse  working in different PSBs at one place,  no outside zone/state transfer upto scale 3 

- *Equal PLI for all* 

- *Sodexo Meal Vouchers* like LIC

- *Stagnation increment removed*, increment slab 20 → 25-30

- *PF for all PSB like SBI*

- *Security guard* in all branches, 3 shifts + staff recruitment

- *Appointment of Officer/Workmen Directors* in boards

- 

*medical expenses reimbursement without any limit* like in SBI 

*OPS for bankers with immediate  and retrospective  implementation of OPS in case of death/disability in service of NPS covered employees* at par with central government employees