Tomorrow is the last day of working for Oriental Bank Of Commerce which is 78 years old Public Sector Bank in India founded in 1943.I Worked with many awesome bosses, colleagues through whom I Iearnt so many things & also met some amazing people - our customers.I never forget some bosses who always inspired me to go ahead.They all are in my heart. Corporation Bank was founded in 1906 while Andhra Bank in 1923 with regional flavour of Coastel Karnataka & Andhra Pradesh, Syndicate Bank in 1925 & Allahabad bank in 1865 with Head Quarter in Bangalore & Kolkata & United Bank in 1950 with Head Quarter at Kolkata also. All those Banks have great history. Those financial institutions are the product of Indian National Movement. Each Bank has predominance in one or the other geographical areas such as United Bank in West Bengal & North East, Allahabad Bank in UP & West Bengal, Corporation in Coastel Karnataka, Andhra in AP & Telangana, OBC in Punjab & Haryana & Delhi. Each Bank has its own culture depending on its spread in particular geographical areas. Those Banks have contributed greatly in the economic development of respective geographical areas. All big corporates of today have started with the support from those Banks. Those Banks are the lifeline for the commen man in the respective areas. For employees Bank was the identity. Generations have sweated to develop those institutions.
On 1st April 2020 those great institutions will cease to have its existence but not the history. Nobody can disown it's contribution.
Despite resistance from all government has taken this decision amidst chaos on account of Covid 2019 which is most unfortunate. In our view this merger is the precursor for Bank privatisation which is one of the policy prescription of new economic policy propounded by the capitalism which today is paying the cost amidst Coved 2019 in citadel of Capitalism United States of America. Today entire world is repenting on the said policy prescription. In post Covid 2019 global scenario entire humanity will have to relook to the world differently. Present crisis is likely to be worst than 2008. Finance will be in great danger. Thus our view point in larger context is vindicated. We need to be firm & confident on our idiology. Yes ! The day is not far off when entire world will recognise & acknowledge our view point till then we have to MARCH ON with confidence & raise our voice in our own way till we succeed.
1 comment:
Ministry of finance showing dedication in merging of banks but not to the bankers welfare.FM asked Bank's chairman to assure smooth functioning of bank but remain callous about relief package for bankers . It will simply demotivate bankers. Request to pm to think over the relief package in favour of bankers. Instead of monthly credit of Rs.500/-to women under pmjdy for 3 months the whole amount of Rs.1500/-should have been credited at one stroke which will reduce the bankers risk to covid 19+. It simply reflects the carelessness of our fm towards banking fraternity. It is not understood why ufbu remain silent. Are they afraid of carry out their responsibility.
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