*Today's newspapers carried a notice to public by IBA (Indian Bank's Association) in which the last sentence was an apology to general public for "irresponsible behaviour of the unions".*
*Now some facts,*
*1. The wage settlement of bank employees is due from November 2017 since the 10th Bipartite Settlement ended on 31st October 2017. What was the IBA doing for 27 months despite holding more than 30 rounds of negotiation in which the IBA was not even able to offer a decent wage increase to the foot-soldiers of the Indian economy? Had the IBA been ever "responsible" in ensuring decent wages to bankers?*
*2. When Mrs. Usha Ananthasubramanian became the first woman Chairman of IBA in January 2018, the offer made by IBA was 2%. Does anybody think a 2% increase in wages is justifiable and "responsible"?*
*3. Later, when the same Mrs. Usha Ananthasubramanian was framed by CBI in the infamous PNB Fraud case including diamantaire Mehul Choksi, Nirav Modi and their company engaged in diamond business, had the IBA felt it appropriate to condemn the episode? Given the fact that PNB fraud of Rs. 11,400/- crores was 49 times the net profit of that bank for the quarter ended December 31, 2017 and more than twice the amount that PNB received under bank recapitalization plan. Had the IBA ever gone out to public against any banking fraud for that matter? Had the IBA been ever "responsible"?*
*4. Former ICICI Bank head Mrs. Chanda Kochar was framed by the CBI for fraudulent lending to a company involving her husband, had the IBA felt it appropriate to condemn? Had the IBA ever been "responsible"?*
*5. When consortium lending decisions go bad, and the loans turn NPA, had the IBA ever gone out to public to acknowledge the same and assured the general public about timely recovery of the monies lent? Had the IBA been ever "responsible"?*
*6. Looking at the percentage of NPAs in any bank's balance sheet, it is obvious that huge, corporate loans form the chunk of those bad loans (often more than 80%) and the share of retail loans are comparatively low (often less than 2% of the total advances). Had the IBA ever gone out to public to ensure the timely recovery of such willful defaults for which the common bank employees at retail branches are no way responsible? Had the IBA ever been "responsible" as such?*
*Due to the deteriorating working atmosphere and undue pressure from within the organizations, many of the young bankers ended their lives during the past 2-3 years. Workmen unions and Officers associations have time and again seen their members under tremendous agony.*
*Finally, when the Chairman of the largest Indian Public Sector Bank became the Chairman of IBA, the bankers rejoiced with a hope that, things might change. But, to the utter displeasure of the entire banking fraternity, the IBA has turned itself to be deaf-and-dumb.*
*Last but not the least, the IBA, by going public and calling the employees' unions as "irresponsible" wants to tarnish the image of bankers' fraternity and their unity, which we will never tolerate.*
*Countdown starts for IBA*
*Now some facts,*
*1. The wage settlement of bank employees is due from November 2017 since the 10th Bipartite Settlement ended on 31st October 2017. What was the IBA doing for 27 months despite holding more than 30 rounds of negotiation in which the IBA was not even able to offer a decent wage increase to the foot-soldiers of the Indian economy? Had the IBA been ever "responsible" in ensuring decent wages to bankers?*
*2. When Mrs. Usha Ananthasubramanian became the first woman Chairman of IBA in January 2018, the offer made by IBA was 2%. Does anybody think a 2% increase in wages is justifiable and "responsible"?*
*3. Later, when the same Mrs. Usha Ananthasubramanian was framed by CBI in the infamous PNB Fraud case including diamantaire Mehul Choksi, Nirav Modi and their company engaged in diamond business, had the IBA felt it appropriate to condemn the episode? Given the fact that PNB fraud of Rs. 11,400/- crores was 49 times the net profit of that bank for the quarter ended December 31, 2017 and more than twice the amount that PNB received under bank recapitalization plan. Had the IBA ever gone out to public against any banking fraud for that matter? Had the IBA been ever "responsible"?*
*4. Former ICICI Bank head Mrs. Chanda Kochar was framed by the CBI for fraudulent lending to a company involving her husband, had the IBA felt it appropriate to condemn? Had the IBA ever been "responsible"?*
*5. When consortium lending decisions go bad, and the loans turn NPA, had the IBA ever gone out to public to acknowledge the same and assured the general public about timely recovery of the monies lent? Had the IBA been ever "responsible"?*
*6. Looking at the percentage of NPAs in any bank's balance sheet, it is obvious that huge, corporate loans form the chunk of those bad loans (often more than 80%) and the share of retail loans are comparatively low (often less than 2% of the total advances). Had the IBA ever gone out to public to ensure the timely recovery of such willful defaults for which the common bank employees at retail branches are no way responsible? Had the IBA ever been "responsible" as such?*
*Due to the deteriorating working atmosphere and undue pressure from within the organizations, many of the young bankers ended their lives during the past 2-3 years. Workmen unions and Officers associations have time and again seen their members under tremendous agony.*
*Finally, when the Chairman of the largest Indian Public Sector Bank became the Chairman of IBA, the bankers rejoiced with a hope that, things might change. But, to the utter displeasure of the entire banking fraternity, the IBA has turned itself to be deaf-and-dumb.*
*Last but not the least, the IBA, by going public and calling the employees' unions as "irresponsible" wants to tarnish the image of bankers' fraternity and their unity, which we will never tolerate.*
*Countdown starts for IBA*
5 comments:
Union should react to that news and publish news in paper and tv regarding that and the behaviour of the IBA
It should be highlighted that IBA is not the statutory body.ufbu should not talked to IBA, should talked direct with govt. Till than all govt scheme may be stopped in bank.
In the name of profit you can not make fool of bankers.there are numbers of copmpanies in loss. But employees are being given handsome salary and packages for example air india.fci.railways emp. Getting bonus etc. Why bankers are being made scapegoats. IBA is always to please govt. By damaging bankers future with low wages. Negligible medical.pension anomalies.workload by various govt schemes. Forced loans to kingpins like mallaya and nirav modi.etc.while rbi and others enjoy 5 day weeks bankers attend sundays in branches.shame on iba and govt.pm praises jan dhan of bankers but gives jans not dhan to emp.backbone of economy is being broken.to facilitate pvt. Players to take over
As economy of country is slowing down so five days week is not possible for bankers. It is only bankers duty Do one step. Make all the institutios. Six day week. Particular rbi and central govt offices. Bankers will not demand. Five days week
Why judiciary enjoys vacation when lakhs of cases pending in courts?
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