how to Master a New Skill"* and implement it.

Let us discuss *"how to Master a New Skill"* and implement it.

Everyone wants to improve himself/herself to be better at something.

You should know what you want to be better at  eg public dealing, using social media, presentation, etc 

Learning techniques will vary depending on the skill and the person, but there are some general rules you can follow.

 *Look for right help* :

Eliciting support from others can greatly increase learning. Find someone you trust who has mastered the skill you’re trying to attain. And look beyond your immediate manager who has to evaluate you. Check someone in your bank, other than the boss, eho would notice your changes and give  honest feedback. 

 If you can’t find a mentor inside your bank, look for people in your industry or from your network. If not, seek outside help.

Principles to Remember

Do.

Select a skill that is valued by your organization.

Divide the skill up into smaller, manageable tasks

Reflect on what you’ve learned and what you still want to accomplish

Don’t:

Try to learn in a vacuum — ask others for guidance and feedback.

Rely solely on your boss for advice — you may want to involve someone who isn’t responsible for evaluating you

Assume it’s going to happen overnight — it usually takes at least six months to develop a new skill.

Case study : Experiment with different approaches

Sheena, a regional finance controller at a global outsourcing company, noticed that any time she suggested an improvement to a financial or IT system, colleagues resisted. Her ideas went through numerous rounds of review and were heavily questioned. She decided that her communication style was hindering her, and needed to be changed. “I was given feedback a few times that I was too opinionated,” she says.

Sheena started by reading books about how to persuade people effectively and joined Toastmasters, a non-profit educational organization. Through that program, she learned how to connect with stakeholders and present ideas in a more appealing way. Also, coincidentally during the same time, the president of Sheena's company started interviewing key employees to better understand what they did or did not like about their jobs. This provided Sheena with a perfect opportunity. She explained her desire to see her ideas have more impact and the boss advised her to focus less on why something needed to be changed and more on how it could happen, including what she could do to make sure it did.

Sheena realized she had been assuming that her colleagues understood what the problems were and how to fix them. She had been highlighting what needed to be done, and leaving it at that. With her new understanding in hand, she was able to try a different approach: she mapped out a process and pointed to the root causes. This helped her audience understand where they could make changes and how exactly she could help.

Sheena has noticed a big difference in how colleagues respond to her suggestions: they are now more open to hearing them, and willing to work with her to implement them.

Expected DA increase from Feb 2021 for Bank Employee is minimum 37 and maximum 44 slab

Expected DA Calculation Updated on 30.11.2021 on the basis of CPI for the month Oct'21 that announced on 30.11.21 there is an increase of 1.60 points as per revised base year 2016 (base year changed from Oct 2020) with assumptions of CPI for the next two month i.e. of Nov & Dec 2021 as under:-

1. On assumptions if there is an increase of 0.80 of CPI in next both months. Keeping in view on going regular rise in prices of commonly required daily needs items / commodities which is making month over month difficult to manage family budget in the present covid crises. Accordingly, on this conservative assumption 0.80 point rise, we may expect there would be an increase of 44 slabs and the total tentatively revised DA slabs would be 478 i.e. 33.46% from Feb'22 in terms of 11th BPS.
2. On assumptions if there is an increase of 0.60 of CPI in the next both months. On the basis of this assumption, we may expect there would be an increase of 41 slabs and the total tentatively revised DA slabs would be 475 i.e. 33.25% from Feb'22 in terms of 11th BPS.
3. On assumptions if there is an increase of 0.40 of CPI in the next both months. On the basis of this assumption, we may expect there would be an increase of 37 slabs and the total tentatively revised DA slabs would be 471 i.e. 32.97% from Feb'22 in terms of 11th BPS

Corporate Joke

Corporate Joke 😁😄😅😂🤣

A woman was in hot air balloon when she realized that she is lost.

She reduced her altitude and she shouted to a man below, "Excuse me, can you help me? I promised a friend to meet him an hour ago, but I don't know where I am."

Man below replied, "You are in hot air balloon 30 feet above the ground. You are at 41° North latitude and 59° West longitude."

The lady remarked, "You must be an engineer!"

The man asked, "How do you know ?"

The lady replied, "Everything you told me is technically correct but useless, and the fact is that I'm still lost."

The engineer said, "You must be in Top Management."

This time it was the lady who asked, "How do you know?"

Engineer :- "You don't know where you are or where you're going, and you have no technical knowledge. You made a promise which you've no idea how to keep and you expect people beneath you to solve your problems!"

😁😀😄😆😅😂🤣

A must read and circulate for all working professionals !!

BHARAT YATRA PRESS MEET BY GS SOUMYA DATTA FROM NOIDA FEW PICTURE

 

WHY SELLING PUBLICBANKS WHO HAVE POSTED 50,000CR OPERATING PROFIT AND 17000 CR NET PROFIT IN ONE QUARTER

SEE HOW HUGE CORPORATE BAD LOANS HAVE BEEN RESOLVED WITH HAIRCUT AND LOSS TO THE BANKS

FOR DEMO & UNCONDITIONAL HUNGER STRIKE from Banker

CHALO DELHI                     let's go Delhi 

                            चलो दिल्ली

     

            FOR  DEMO  & UNCONDITIONAL                             

                         HUNGER STRIKE  

Dear friends,

             13 months after Finance Minister Smt. Nirmala Sitharaman's two assurances to resolve the retirees  issue, the government only revised the family pension,  why?  Because most of the obstinate leaders of UFBU and some evil officials of IBA are not allowing this to be successful, they are putting unnecessary hurdles day by day so that it may be delay to the maximum . Has the government become so helpless in front of their pressure that it cannot even fulfill the decades-old justifiable demands of retirees and pensioners who are dying day by day. 

               We do not have enough time to expect to get justice by going through the lengthy, boring, tedious and very expensive judicial process of the courtS  onwards.  Anyway, all the bank-management have become like a helpless lamb in front of UFBU and IBA, who do nothing but babble in front of them all the times, otherwise there has been a lot of correspondence and personal contact on these subjects till now and would have provided relief by unilaterally deciding on the decisions given by the  Labor Court, High Court Supreme Court in the interest of retirees and pensioners on the issues.

            Now it seems that the time has come again to sit on the road and demand justice. It is a matter of great shame that the obstinacy of Bank-Management UFBU and IBA has once again forced the 78 year old Secretary of AIBRWA Shri R.S. Sharma to spend his old age comfortably at home, once again alike last year 8-9 october programme in order to get the decades-old pending justifiable demands of other retirees and pensioners. Why  forced to sit on the road in front of his bank in the severe cold of winter in Delhi. Our demands are not new but the same, despite being based on solid evidence, have always been denied by giving baseless arguments.

                 The retirees and pensioners class of the bank is a self-respecting class, there is no burden on anyone, neither on the bank nor on the revenues of the government, wants to get pensioners benefit from the pension fund accumulated by itself, whose amount has now crossed 3 lakh crores, which in itself is sufficient to meet it , then why the hesitation. Looking at the pension fund today, even if the facilities are doubled and tripled, then the pension fund will not be bothered, then why this deceit. Why is the government silent?

 

DETAILS OF THE  PROTEST PROGRAMME  

          Protest program is starting from 22-23 November and 29 -30November, TROUGH A SILENT PROTEST FROM HOME FOR TWO DAYS AND FOR ON TWO OCCASIONS on the lines of Prime Minister Narendra Modi's inspirational program work from home. The government has the right time to think. If nothing is done, then a two-day symbolic movement will be organized on 9th and 10 th December at Union Bank Regional Office Faiz Road New Delhi so that all retirees and allied unions will make a common policy, first dharna to be done from Monday 20th December and then indefinitely. This program can be implemented successfully by making a concrete policy on hunger strike.

 .

        Chalo Delhi  slogan has been raised. Now is the time to fight the battle across. Don't come to live like scattered pearls, come together to become such a garland that shows us all the way to live  with respect

                   RETIREES UNITY ZINDABAD

STAFF SIDE ACTIONS - A DEMOTIVATING SCENARIO IN BANK article from a Zonal Manager Must Read

*STAFF SIDE ACTIONS - A DEMOTIVATING SCENARIO IN PNB*

I am Rajeev Puri, presently working as Zonal Manager, Mumbai for almost last Seven Months. I am feeling in my Zone that most of the officers are scared to take any decision & there is lack of enthusiasm in their working. I have worked here in Mumbai earlier also as AGM Bandra three years ago, the work culture has entirely changed in last few months after this Nirav Modi fraud. People are scared of Charge sheets, which are being issued on very small issues without going into the depth of the matter. May be this type of hype is more in Mumbai Zone but I feel things are not good in other Zones also.

I personally feel that Nirav Modi fraud has given  quantified loss to our beloved Bank, however this atmosphere is giving unquatifiable loss which will hurt the performance of Bank in long run. 

I am giving the following views in my personal capacity as an officer of PNB and not as Zonal Manager  Mumbai. These views are based on the feedback received from various quarters during last few months of experience in Mumbai and my personal experience in the banking industry for more than three decades, during which I remained an Association Leader also for a long period. I have felt emotions of officers & effect of staff side decisions on their professional & personal life very closely. So now I have experience of both sides of the table i.e. as Zonal Secretary/AGS of Association & as Circle Head & Zonal Head.

I want just to have an open discussion by all my senior colleagues on the matter of disciplinary actions & demotivating affect on staff members & how to come out of this situation to save our Bank from such negative thoughts & grow our Bank's business at a much faster pace & an atmosphere of trust & Confidence among PNBians, I may be wrong on many counts but i just want to start discussion to reach at a conclusion for better PNB & better working conditions. So all are requested to give free & frank views on this issue so that we could snub this negatively & we all are in a position to do it,

*WHO IS RESPONSIBLE FOR THE STAFF SIDE ACTION ?????*

i) Top Management

ii) Vigilance Department

iii) Inspection and Audit Division

iv) Zonal Manager

v) Circle Head

vi) Branch Head

My personal opinion is that the

*SUCCESSOR*

at the field level plays a major role in determining the staff side accountability of his / her predecessor, more than anyone else. 

Most of the *SUCCESSORS* feel that their predecessor was not competent and had lack of knowledge. In some cases, the successor feels that his / her predecessor was the most corrupt person. Moreover the worst part is *SUCCESSOR* feels that he/she is the most intelligent person across the organisation.

When the account slips to irregular category, the *SUCCESSOR* starts finding all the negative points in that particular account rather than to find out the cogent reasons and remedies thereof to regularize the account by taking some positive decisions & push the account to NPA to save his/her skin & spends a lot of time on research work about the negative points in the account & sends the requisite Annexure I & II to C.O. with full research work to show his/her intelligence & to cover up his/her inefficiencies in post Sanction follow up & recommends for investigation.

Similarly some times, the CO/ZO simply recommend the case for investigation in the account without putting forth the facts of the case. They simply believe the report of the present Incumbent In charge without analysing the efforts made by the present Incumbent In charge for upgradation or recovery in the account.

Based on the recommendations of the CO/ZO, the HO deputes investigating officer. The Investigating officer also looks into the account 80-90% to fix up staff accountability angle rather than to analyse the reasons of slipping the account into the NPA category and sometimes even without meeting the borrower to know the facts of the case  The investigating officer just submits the findings in arithmetic terms and defects in documentation & procedural lapses etc. without finding out reasons for Account slipping to NPA & gives the names of all officers in Branch/CO/ZO whosoever have touched the file.

Nothing is left now to understand for the disciplinary committee / vigilance department. They have now to only decide which lapse is actionable / non actionable. Then starts the process of tabular pro-forma / charge sheet/ inquiry and long process of demoralization of 10-20 persons along with their family members and it is a fact that the frustrated employee will tell to all Tom & Harry about his / her innocence and harassment by the Bank and the demoralization extends to at least 200 persons who are near & dear ones of that particular employee. Further many officers will take the benefit of this case by finding excuse not to sanction loans. Young officers start commenting on social media and spread the word to all their friends and colleagues on What's App and other social media platforms.

*CONCLUSION:* 

In my long career of more than 30 years in banking, I have experienced as under:

1. Very few people are corrupt in the banking system.

2. There is a thin difference between bonafide and malafide intention.

3. The circumstances change at the time of sanctioning the loan and at the time of account slipping to NPA.

4. It is normally the fault of the *SUCCESSOR* who don’t want to take any type of risk in case of any irregular account.

5. The biggest punishment to an employee is the long process of disciplinary action from the date of tabular pro forma, till the decision is taken.

It normally takes 6 months to 2 years (in some cases) to complete the process. The financial implication of punishment is not much pinching to the employee but the mental agony and the fear of hanging sword is much more than the final punishment. It also affects the working of that particular employee.

We should be very sure to brand a person as corrupt / deciding his malafides and we have to ensure that even if a corrupt person has done something wrong, other innocent persons do not suffer due to greed of one person.

Now let us analyze who is responsible for all these:

i) The *SUCCESSOR* 50%

ii) Persons deciding to conduct an investigation- 20%

iii) Investigating officer- 10%

iv) Persons taking long time in decision making- 10%

v) Disciplinary Authority- 10%

As per my opinion some times reasons for the accounts turning into NPA are as under:

i) Laxity in pre-sanction appraisal & proper due diligence mostly in takeover cases.

ii) Gross negligence on the part of processing officer & Sanctioning authority.

iii) Loan done under self-imposed pressure for references received from Politicians/Administration/Seniors.

The pressure may be on account of following also,

➡ Due to delaying tactics & indecesiveness at BH level  & reaching at a point where Borrower is so irretated that he/she will go for 💯% Complaint against Branch if BH now rejects the case or don't forward the case to higher authorities. *(The Best quality of a Good Manager must be to have  courage to say big NO within 1-3 days without any fear or pressure on the basis of demerits of the case.)*

➡ Moreover any reference should be treated as only a good business opportunity with positive frame of mind and not as a compulsion. 100% due diligence must be done in a positive way. 

iv) Decision taken under influence of the  borrower by looking at his standard of living or by getting some costly gifts.

v) Reckless financing due to over ambitious approach of the Incumbent to get faster promotions.

Some loans go bad due to the above mentioned facts & we as a Zonal Head or Circle Should guide our staff to take decisions quickly & with Confidence. Further we should take quick action in removing a BH in case we receive any negative report through a formal or informal channel.

So let us discuss among ourselves to change this negative atmosphere in our beloved Bank & decide to take disciplinary actions with a lot of depth in the matter & not as a routine.

Warm Regards,

Rajeev Puri

AIBOC members heralding inaugration of Bharat Jatra against the motive of Govt Publice Sector Bank Privatization Movement.

 Bharat Yatra is started from #Kolkata today.

The fight against privatisation started today.

What are you doing??

SBI Yet To Refund Rs164 Crore Undue Fee Charged from Jan Dhan Account-holders

 The State Bank of India (SBI) is yet to return Rs164 crore of the undue fee charged from the account holders of Pradhan Mantri Jan Dhan Yojana (PMJDY) towards digital payments during April 2017 and December 2019, a report prepared by IIT-Mumbai said. 

 

"On directions from the government, SBI has returned just about Rs 90 crore, thereby withholding the bigger chunk of at least Rs164 crore with itself," the report added.

 

The report said that during April 2017 to September 2020, SBI had collected over Rs254 crore towards at least 140 million UPI/ RuPay transactions by charging Rs17.70 per transaction on BSBDA (Basic Savings Bank Deposit Account) customers under PMJDY.

 

Since 1 June 2017, unlike any other bank in India, the report said, SBI charged Rs17.70 for every debit transaction beyond four transactions per month.

 

Debit transaction means any withdrawal transaction that includes cash withdrawal, Unified Payments Interface (UPI), Immediate Payment Service (IMPS), National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS) pre-authorised standing instruction, cheque, etc.

 

This has adversely impacted the vulnerable, gullible and marginalised BSBDA customers of SBI who, on the call of the government and RBI (Reserve Bank of India), embraced digital means of financial transactions.

 

"Due to this attitude of SBI and subsequent to RBI remaining non-committal, in mid-August 2020, the Finance Ministry was approached for addressing the concern. The Ministry was prompt in their actions and the CBDT by end-August 2020, advised SBI to refund the charges collected since 1 January 2020 on transactions carried out using the prescribed digital payment modes," the IIT-Mumbai report said.

 

On 30 August 2020, the Central Board of Direct Taxes (CBDT) advised banks to refund the charges collected since 1 January 2020 on transactions carried out using the prescribed digital payment modes that include the UPI and the RuPay debit card, and not to impose charges on future transactions carried out through such modes.

 

In adherence to the CBDT directive, as late as 17 February 2021, SBI initiated refund of Rs17.70 for the UPI and RuPay debit card digital transactions to the BSBDA customers, the report prepared by Ashish Das, professor of statistics said. 

 

Levying of charges on BSBDA is guided by September 2013 RBI guidelines. As per the banking regulator’s direction, these account-holders are 'allowed more than four withdrawals' in a month, at the bank's discretion provided the bank does not charge for them.

 

It may be recalled that we had reported about the study by IIT Bombay in April 2021 which  had revealed that several banks, including SBI, have been imposing excessive service charges on zero-balance or basic savings bank deposit accounts (BSBDA). In fact, SBI alone collected almost Rs300 crore over the past five years from these zero-balance or basic accounts. 

 

Subsequently, in the wake of this study by IIT Mumbai in April, SBI had issued a clarification saying it has refunded charges deducted on digital transactions from zero balance or BSBDA- holders. The State-run lender had said in a release back then “In terms of Central Board of Direct Taxes (CBDT) directives, SBI has refunded the charges recovered in respect of all the digital transactions to the BSBD customers from 1 January 2020 to 14 September 2020. SBI has stopped recovering charges in such accounts on all digital transactions from 15 September 2020, while retaining charges on cash withdrawals over and above four free withdrawals allowed per month. The objective is also to encourage BSBD account holders including Pradhan Mantri Jan Dhan Yojana (PMJDY) account holders to adopt digital payment through the prescribed modes vis-à-vis the cash transactions.”

 

SBI was, however, curiously silent on the question of reasonableness in fixing a charge of Rs17.70 for every digital transaction. The question still remains about how SBI could have been compliant with RBI’s August 2012 and July 2015 mandates on “Principles for ensuring reasonableness in fixing the service charges”? Such reasonableness of charges was to be ensured by the Banks’ board of directors based on the regulatory principles as mandated by RBI. 

 

Whenever SBI has imposed a charge of Rs17.70 for an unassisted digital debit transaction, that cannot be considered reasonable and, thus, is in breach of  RBI’s July 2015 mandates.

 

Accordingly, SBI should refund such charges recovered in respect of all the digital transactions to the BSBDA customers not only with effect from 1 January 2020 to 14 September 2020, but  with effect from 15 June 2016 onward. The essence of the IIT-B report in April 2021 captured this aspect. 

 

SBI’s clarification in April 2021 also suggests that the Bank has primarily refunded the charges for select digital modes, as directed by CBDT. The select digital modes are, UPI/BHIM-UPI and RuPay digital payments.

 

The IIT-B report had expressively indicated that SBI considers it appropriate not to refund the charges recovered in respect of all the digital transactions to the BSBDA customers prior to January 2020, despite having charged as high as Rs17.70 per digital debit transaction. Such a charge can neither be considered reasonable nor can it be attributable to customer-centricity.

 

SBI is the largest commercial bank in terms of assets, deposits, branches, customers, and employees. It is also the largest mortgage lender in the country.

 

Moneylife has been writing about how SBI has been penalising the poor and deducting charges even from zero balance accounts of poor students, whose scholarship amount is less than what the Bank mandates as minimum average balance (MAB). 

 

In 2017, Moneylife Foundation had submitted a memorandum about the unfair charges being levied on customers.

BHARAT YATRA OF BANK OFFICERS SAY NO TO PRIVATISATION

Bank officers' bodyi(AIBOC) to hold protest against govt's privatisation plan

 

All India Bank Officers Confederation (AIBOC) on Monday said it will hold a protest programme against the government's move to privatise public sector banks (PSBs) in Delhi later this month during the winter session of Parliament.

AIBOC general secretary Soumya Datta said the government is likely to introduce the bank privatisation Bill in the winter session of Parliament scheduled to commence from November 29.

The government's move is not based on sound economic logic, but purely a political decision to hand over the banks to "crony capitalists", Dutta claimed.

Privatising the PSBs will hurt priority sectors of the economy and credit flow to self-help groups (SHGs), he asserted.

Around 70 per cent of the country's total deposits are with the PSBs, he said alleging that handing them over to private capital will put the common man's money deposited with these banks into jeopardy.

To protest against this move of the government, AIBOC will start 'Bharat Yatra' on November 24, which will culminate at Jantar Mantar in New Delhi on November 29, Dutta said.

He claimed that selling of PSBs to private bodies will lead to financial exclusion and not inclusion.

Finance minister Nirmala Sitharaman in her budget speech had announced that the government will make strategic divestment in two PSBs this fisca

LIC THE GIANT IN INSURANCE INDUSTRY EVEN YET GOVT WANT PRIVATIZATION

 

IBA CHAIRMAN ABOUT UPDATION of Pension

IBA CHAIRMAN ABOUT UPDATION !!!!!!!!     

DECODING THE REAL MEANING :-                

==========================

IBA Chairman said the follwing :- 

"President of * SBBJ Outgoing Member Institute, Bhilwada * Mr. G K Jain * participated in the Conversation Meeting organised by Mewar Chamber of Commerce and Industry Bhilwara to welcome the President of Indian Bank Association (IBA) Mr. Atul Kumar Goyal. Mr. Jain drew his attention on the matter of pension revision in the Q & A program organized on this occasion. In reply, Mr. Goyal Saheb said that the pension revision of bank pensioners is a very burning matter and it is likely to be done by March 2022 "

                ------------------

The IBA Chairman has told the following words : 

1) the pension revision of bank pensioners is a very BURNING  matter  

 MY OPINION : Burning matter includes the IBA/DFS also. So it must be receiving  the top most priority right now. 

2 ) He has further told that " there is every possibility of it being done by March, 2022.". 

 MY TAKE ON THAT :  " it being done" may well denote " implementation of Updation ," If so the , announcement of Updation may well be made much before " 31/03/2022". 

3) MY FURTHER VIEW : Now the Central Govt. is fully busy with announcing /launching/inaugurating various developmental/social/populist programmes for the various groups/ states/segments of the society. They would like to do these welfare programs much before the ensuing elections in 5 states during Feb -March 2022. All popular/welfare schemes' announcements should be made well before Feb 2022 for reaping electoral dividends also. Hence I am of the opinion that the Govt. may be announcing the Pension Updation well within the period of December -January and the implementation part may take place by March end 2021. ( Please note that The DFS announced the FPR on 25/08/2021 itself but the implementation has taken in the first and 2nd week of the November 2021 only. Like wise , the Updation Announcement will be made early ).

The Madras HC deplored the "administrative arrogance" on the part of the officials of SBI towards its customers.

 The Madras High Court has deplored the "administrative arrogance" on the part of the officials of the leading premier public sector bank State Bank of India towards its customers.

What prompted Justice S M Subramaniam, who slammed the bank officials, was a statement of the officials that the customers (in this case the stamp vendors) are at liberty to approach any other bank for their transactions.

"The above statement in the counter filed by the State Bank of India is to be construed as an irresponsible one. The SBI is a public sector bank and the authorities are the public servants. The petitioners are depositing cash in the government accounts on behalf of the government through Treasury Challans issued to them."

"The statement portrays the 'administrative arrogance' on the part of the authorities in exercise of their powers and the tenor of the statement is a threat to the public administration, as the stamp vendors have no option but to deposit money only in government accounts at SBI branches," the judge said and directed its Assistant General Manager to initiate appropriate disciplinary proceedings by conducting an enquiry and find out on what circumstances such statements were allowed to be made in the counter affidavit filed before the High Court.

The judge also directed the bank's general manager to sensitize his subordinates in this regard to develop good conduct with the customers and the citizens. These employees/officials must be reminded that from and out of the transactions through the customers and citizens, their salaries are paid. Thus, they are expected to maintain good conduct always and honour the rights of the customers, the judge added.

The judge made the observations while allowing a batch of writ petitions from the stamp vendors, who prayed that the SBI authorities waive off fully the cash handling charges collected from them in pursuant to an official communication from the State Treasury authorities issued in March 3, 2016 and consequently forbear the relevant SBI branches in the City from collecting any cash handling charges forthwith from the petitioners for purchase of stamp papers.

The judge declared the collection of cash handling charges from the stamp vendors/petitioners by the SBI as illegal and without any authority and directed it not to do so, while the stamp vendors deposit cash in government accounts through treasury challans.

The highest authority of the SBI was also directed by the judge to communicate this order, along with necessary circular/instructions, to all SBI branches and upload the same in its official website, to enable the citizens to know their rights.

The prices of the goods and services will be Increased....Bank Bachao Desh Bachao

Bank Bachao Desh BachaoBank Bachao Desh BachaoBank Bachao Desh BachaoBank Bachao Desh BachaoBank Bachao Desh BachaoBank Bachao Desh BachaoBank Bachao Desh Bachao

 

Bank Bachao Desh BachaoBank Bachao Desh BachaoBank Bachao Desh BachaoBank Bachao Desh BachaoBank Bachao Desh BachaoBank Bachao Desh BachaoBank Bachao Desh BachaoBank Bachao Desh BachaoBank Bachao Desh BachaoBank Bachao Desh BachaoBank Bachao Desh BachaoBank Bachao Desh Bachao

DEAR BANKERS ,PLEASE RESPOND , THE BELOW MENTIONED MESSAGE , DO YOU THINK I AM DEFENDING CORRUPTS OF THE BANKS ?

DEAR BANKERS ,PLEASE RESPOND , THE BELOW MENTIONED MESSAGE , DO YOU THINK I AM DEFENDING CORRUPTS OF THE BANKS ?

एक रिटायर्ड जनरल मेनेजर पी एस यूं बेंक कहते है की शुक्लाजी आप भ्रष्ट बेन्कर्स को बचाव के रास्ते बताकर ,बेंक प्रबंधन का अहित कर रहे हो ,मित्रो क्या आपको भी ऐसा लगता है ?

Today a retired GM of a PSU bank had a 15 minutes conversation with me who said

--------- MESSAGE ------

Shuklaji ,I don’t doubt your ability & great knowledge with specialization in defence technique ,that too selflessly but is it correct to defend the corrupts ?

Since very long I am reading your way of defending some charge sheeted ,so don’t you think you are disturbing even creating indiscipline among staff of banks .

Bank needs high degree of integrity & dedication so I suggest you don’t use your knowledge in defending the corrupts in social media please take my suggestion in right spirit .

(A RETIRED GM PSU BANK )

RESPONDING TO MESSAGE , DEAR FRIENDS I AM NOT THE JUDGE ---------

After associated with bankers since long I found that majority of bankers have less knowledge all about domestic inquiry & their rights that’s why I am just trying to educate them , more over I am only putting some rules with arguments to which judging some other person so no question of obstructing bank mngt in her decision .further I would like to say ---------

DEPARTMENTAL INQUIRY DOESN’T MEAN ONLY TO PUNISH ,IN FACT IT IS THE WAY OF OPPORTUNITY FOR CSO TO IMPROVE HIS/ HER CONDUCT ,NOW A DAYS THIS PRINCIPLE IS BEING IGNORED BY THE DISCIPLINARY AUTHORITY OF EVERY BANK , IT IS THE SET RULE THAT THE IRREGULARITIES WHICH CAN BE RECTIFIED THOSE CAN NOT BE A CAUSE OF DE BUT THE IRREGULARITIES WHICH ARE FIND OUT DURING AUDIT & CAN BE RECTIFIED THROUGH COMPLIANCE ARE BECOMING A CASE OF CHARGE SHEET , THIS THE DIFFERENCE OF MY OPINION WITH DA ,

from FB wall

Feedback for an officer for customer service

 Feedback for an officer for customer service

Growing up and as a father I'm putting this feedback not to criticize anyone but with the idea that it's my duty to guide my son!

Today I went to a branch to submit my life certificate. I gave the form to the concerned officer. The officer accepted the form very politely with a smiling face. He told me it will be sir. I asked him for counter foil of form as receipt. He replied please come tomorrow.

His service was excellent until the form was accepted. How good it would have been if they would have given the counter foil without me asking, according to the rule, it was their duty too. Doing this

Their service would have been worth it! His saying please come tomorrow was not right at all because he was serving a senior citizen.

If you think it's justified please imbibe otherwise you're free but I'm sure it will value your life. !

Next Counter another sr citizen asked the counter staff for updation of pass book answer is same as it was coming with last one year "Passbook printer out of order".That person asked for a statement promtly reply come from this counter in saving/pension account statement not allow .

All elders should guide our children politely

Am I wrong or right? Please comment but don't use indecent language

Modi Sir, you have literally done nothing for PSBs.

1> NPAs being resolved with haircuts.

2>Still it takes 2-3 years for SARFAESI actions.

3>Sec 138 made toothless.

4> Recognition of NPAs not being done rather being restructured.

6>PSBs remain capitalized before & after 2014.

Modi Sir, you have literally done nothing for PSBs.

Why selling PSBs to failed corporates? Myth Busted that PSBs running on Tax Payers Money, But it's Corporate NPA who eating most of Public's Profit.

Public Sector Banks made Operating Profits almost four times of Govt Capital Infusion in last 13 Years. Myth Busted that PSBs running on Tax Payers Money, But it's Corporate NPA who eating most of Public's Profit. Why selling PSBs to failed corporates?

RBI officers, staff chalk out agitation plan to press wage revision

 

Mass casual leave proposed on Nov 30

Officers and employees of the Reserve Bank of India are on an agitational path from today (Tuesday) after their ‘several attempts’ to revive talks on long-pending issue of wage settlement have failed repeatedly.

“We have no option but to protest the inexplicable dilly-dallying on a highly sensitive matter such as wage revision pending for last four years and more,” said Samir Ghosh, Arun Samaddar, Gavin Coelho, and Jeet Pathak, who represent employees, workers and officers’ unions under the United Forum of Reserve Bank Officers and Employees.

Wait in vain’

The United Forum told the constituents in a circular that “we felt very strongly to embark on protest earlier, but in deference to the wishes of some well-meaning friends, collectively decided to hold on till this week. The Governor was reportedly scheduled to hold talks with the Human Resources Management Department and we were expecting a solution to emerge.”

Our wait is in vain, unfortunately,” the circular said. Having exhausted all avenues of peaceful solution, it has been decided that delegations of joint office-bearers/executive committee meet with Regional Directors of the RBI during lunch recess today (Tuesday) demanding immediate resumption of the process of finalisation of wage talks.

Mass leave

Lunch-time gate demonstrations will be launched on Thursday and officers and employees will wear a badge during November 23 to 26. Lunch-time mass deputations will be taken out to the offices of the Regional Directors/Officers-in-charge on November 26.

All staff coming under the current wage settlement will go on mass casual leave on November 30, the circular said.

A senior retired RBI official said that although employees and staff have the goodwill of the RBI’s name, they have had to struggle at different times for either fair and respectable salary revisions or other service conditions.

Pensioners suffer worst

“Since September 2008, these struggles have been more marked, frequent and regrettable, as the independence of the Bank even in staff matters had been surrendered to outside authority,” he said on condition of anonymity.

It is an ironic coincidence that on a day the Prime Minister dedicated some of the functions of the RBI to the nation, the staff has had to announce an agitational programme for getting a fair and honourable wage settlement.

Pensioners and family pensioners have been worse sufferers since counterparts in the government institutions have benefited far more, the retired official said.

PNB Senior Manager, 2 others sentenced to 5 years in jail in Rs 40 lakh fraud case

 

WHAT IS RBI RETAIL DIRECT SCHEME?

The Reserve Bank on Friday (12.11.2021) announced the activation of the RBI Retail Direct (RBI-RD) Scheme with effect from today. RBI-RD Scheme will bring G-secs such as Government of India Treasury Bills; Government of India dated securities; Sovereign Gold Bonds (SGB); and State Development Loans (SDLs), within easy reach of the common man by simplifying the process of investment. The Scheme aims to provide a safe, simple, direct, and secured platform to investors. Investors can buy securities using savings bank account through internet banking or Unified Payments Interface (UPI). Retail Direct Investors’ will have an online facility to gift government securities to other Retail Direct Investors. Investor services include provisions for transaction and balance statements, nomination facility, pledge or lien of securities, and gift transactions. No fees will be charged for facilities like opening and maintaining accounts under the scheme or for aggregator (Aggregator / Receiving Office means Clearing Corporation of India Limited (CCIL) or any other entity as may be approved by RBI under the scheme) submitting bids in the primary auctions.

How does it work?

The ‘Retail Direct Gilt Account’ (RDG Account) with RBI can be opened using an online portal (https://rbiretaildirect.org.in). Investors can register on the online portal by filling up the online form and using the OTP received on the registered mobile number and email id to authenticate and submit the form. Instructions issued under RBI-Know Your Customer (KYC) Direction, 2016, updated from time to time, will be adhered to during onboarding the investors. Upon successful registration, ‘Retail Direct Gilt Account’ will be opened and details for accessing the online portal will be conveyed through SMS/e-mail.

The registered users can have access to the primary issuance of Government securities through the online portal. They will as well have access to the secondary market of Government securities through NDS-OM. Investments can be made using the following routes:

• Primary market: Investors can place bid as per the non-competitive scheme for participation in primary auction of government securities and procedural guidelines for SGB issuance. Payment can be made through Net banking or UPI facility from the linked bank account, whereby funds will be debited at the time of submission of bids on the portal. Also, the linked bank account can be blocked at the time of submission of bids on the portal which will be debited from this account on successful allotment in the auction. Similar facility through banks will be made available in due course, RBI said. Refund, if any, will be credited to the investor’s bank account as per the timelines specified by the aggregator. Allotted securities will be issued to the investors by credit to their RDG Account on the day of settlement.
• Secondary market: Investors can buy and sell government securities on NDS-OM (‘Odd Lot’ and ‘Request for Quotes’ segments). Before start of trading hours or during the day, the investor should transfer funds to the designated account of CCIL (Clearing Corporation of NDS-OM) using net-banking/UPI from the linked bank account. Based on actual transfer/success message, a funding limit (Buying Limit) will be given for placing ‘Buy’ orders. At the end of the trading session, any excess funds lying to the credit of the investor will be refunded. Investor can sell Securities identified for sale will be blocked at the time of placing order till the settlement of the trade. Funds from the sale transactions will be credited to the linked bank account on the day of settlement.