BIHAR MAN REFUSE TO RETURN WRONGFULLY CREDITED RS 5.5 LAKH, SAYS PM MODI SENT IT

SOME TIME HONESTY DOESN'T WORK from fb wall

SOME TIME HONESTY DOESN'T WORK

SOME TIMES HONESTY IS NOT THE BEST POLICY , I AM A WITNESS OF MOST DISHONEST IN BANK WHO RISED UP TO GREATER HEIGHT , AND GIVING CAUTION TO THOSE WHO ARE FACING DE ONLY DUE TO THEIR HONEST WORKING ----------------

ईमानदारी हमेशा जरुरी नहीं है ,यदि सामनेवाला दुश्चक्रकर आपको फंसा रहा है तो उसका मुकाबला उसी तरीके से करने में बचाव संभव है ----

In terms of efficiency, lying is the easiest way to rise to power and attain resources. If your enemy is larger and stronger than you, then physical force will not be very effective. But if you are able to outwit and manipulate your enemy ,you will conquer

A scale-2 officer of BOB has stated through email that he has always denied a fraud work under the instructions of my SENIOR MANAGER , this SR MGR has sweet relations with DGM ,in fact DGM loves a personal service, the said SR MGR said many times that if you will not act as per my instruction you will be involved in such a case to which you could not imagine ,surprisingly I am facing a charge sheet of misbehave & disobedience of the order of my SR MGR , respected shukla sir as on date no such incident has happened ,it’s a purely a false case but I wonder that in that so called incident ,bank is presenting two witnesses ,one from staff & second from customer ,since ours is a rural branch so there is no cctv who can say the reality, shukla sir majority of customers are friendly to me & I am sure no one can complain against me , one more query I want to teach a lesson to this SR MGR so please guide me what I should do ?

(Reced through email ,)

Responding you dear friend ,

Leave your honesty & treat the action as war against you by the senior manager ,in fact you have golden opportunity to teach a lesson to your senior manager but first come with clean hands, since there are two witnesses & a complainant (sr mngr) against you ,so to rebut their oral witnesses, BE BOLD & FORGET HONESTY ,you produce 5 witnesses (it is immaterial whether any one was there or not) who will say no such incidence happened ,in fact we have many times observe that sr manager was threatening to CSO that he will spoil his banking career , further I would like to inter act with your witnesses that’s why any time you can call me

POSSIBLE ACTION AGAINST SR MANAGER------

You can file a criminal as well civil case against sr manager provided you are given a clean chit from your DA

REVISED PREMIUM FOR GROUP MEDICAL INSURANCE FOR BANK RETIREES FOR THE YEAR 2021-22

 On Friday (September 17), IBA has advised MDs and CEOs of member banks (party to 11th BPS & 8th Jt.Note) about the premium payable by bank retirees for the Employees Group Medical Insurance Policies for the year 2021-22. “The renewal quotes of premium to be paid arrived at through the REP process and approved thereafter by the Managing Committee of IBA”, it said.

Medical Insurance premium -per family (excluding GST)

Retirees option 1 (without Domiciliary)

For the year	Workmen –Sum Insured For Rs.3lakh	Officers-Sum insured For Rs.4 Lakh
Existing 2020-21	Rs.20508	Rs.27342
Renewal 2021-22	Rs.28715	Rs.36652
Percentage of increase	40.02%	34.05%

Retirees option 2 (with Domiciliary)

For the year	Workmen –Sum Insured For Rs.3lakh	Officers-Sum insured For Rs.4 Lakh
Existing 2020-21	Rs.50893	Rs.67853
Renewal 2021-22	Rs.55175	Rs.72917
Percentage of increase	8.41%	7.46%

“We have been informed by National Insurance Co, that they shall be directly offering banks with multiple policy variants viz.1 Lakh, 2 Lakhs, or 3 lakhs sum insured along with the option for reduced premium where retiree does not have surviving spouse and also where the retiree is survived by the spouse (retiree has passed away)”, the letter said.

High Incurred Claim Ratio (ICR) was 147.21% for retirees without domiciliary Policy and 163.31% for  retirees with domiciliary Policy as of 31.07.2021,  is the cause of the increase in premiums for renewal of the policies compared to the last year, it added

The All India Bank Pensioner’s and Retiree’s Confederation (AIBPARC), has demanded IBA to immediately advise Banks for subsidization of premium and also bearing the Cost of GST component, failing which they shall have to demand in a vociferously way to bring themselves under the coverage of Central Government Health Scheme for Retired Employees. The Bank retiree’s organization said that the situation has been continuing year after year with increasing premiums without subsidy.

Eleven employees of Bank of Baroda Kalikiri branch, five others arrested

 The Kalikiri police on Thursday arrested 16 persons, including 11 bank employees, in connection with the embezzlement of funds in the Kalikiri branch of Bank of Baroda.

The fraud, involving 11 bank employees and their relatives, came to light after complaints were lodged by customers Majjiga Prasanna Lakshmi and some other victims.

It turned out that, in the last three years, huge amounts were being deducted from over 150 accounts of DWCRA members and customers having fixed deposits in the bank. They received no message on their phones about these deductions, and noticed the fraud only when they updated their passbooks. Following this, they lodged complaints.

Disclosing the case details to the media at Kalikiri on Thursday, ASP Mahesh said the first accused Mulla Sayed Ali Khan (34), a messenger at the Kalikiri branch of BoB, and four of his relatives were arrested by the police from Indiramma colony on Thursday morning.

Ali Khan and some of the bank staff got together and swindled over Rs 1 crore from the accounts of Sangha Mitra members and from the personal savings and fixed deposit accounts of customers without their knowledge, policed found out.

The accused bank staff had used the IDs and passwords of customers and created fake loan documents with forged signatures. The loan amounts were further transferred to the savings accounts of Ali Khan’s relatives, it was learnt.

During this time, the staff, using new technology, stopped the transaction messages going to the respective clients' mobile phones, the ASP said.

After the money was transferred to various accounts of Ali Khan’s relatives, Khan withdrew the amounts and bought 1,120 grams of gold ornaments. He pledged these in the same bank and took money.

He then shared the booty with other bank staff. They were doing this for the past three years and have looted over Rs1 crore,” the ASP said.

With the help of bank officials, all the jewel loans in the name of Ali Khan’s family members have been frozen.

The police recovered Rs 70,20,000 in the form of Rs 20 lakh in cash, papers related to the 1,120 grams of gold pledged in the bank, 12 cell phones and three two-wheelers, and also frozen eight bank accounts of Ali Khan’s relatives.

Those arrested in the case were BoB joint-manager Jaya Krishna (34), head cashier Shek Moulali (32), bank agricultural officer Ramaswamy Eswaran (24), bank officer Patan Abeedh Mubeen (32), clerk Teja Sai (27), operations officer Ramachandrudu (35), clerk Eelu (28), bank officer Shareef Basha (28), business associate Surendra Nayak (33), business associate Mohamad Shareef (43), bank officer Chinnaiah (62) and Ali Khan’s relatives Chandini (24), Shek Kadirunnisa (39), Sayed Arifunnisa (28) and Moghul Hajirunnisa (22).

27th SEPTEMBER 2021 BHARAT BANDH

What is AEPS?* How does AEPS work?*

*What is AEPS?* 

* AEPS is a new payment service offered by the National Payments Corporation of India to banks, financial institutions using ‘Aadhaar’. 

AEPS stands for ‘Aadhaar Enabled Payment System’.

 *How does AEPS work?* 

Aadhaar Enabled Payment System (AEPS) is a bank led model, which allows online financial inclusion transaction at Micro-ATM

through the Business correspondent of any bank using the Aadhaar authentication. This system is designed to handle both ONUS and 

OFFUS requests seamlessly in an effective way by enabling authentication gateway for all Aadhaar linked account holders.

The Central Bureau of Investigation (CBI) has registered a case against a private company to fraud 1528 cr in 16 banks

The Central Bureau of Investigation (CBI) has registered a case against a private company M/s Indian Technomach Co. Ltd based at Delhi & having its industrial unit in Himachal Pradesh and others including Rakesh Kr Sharma, Promoter & CMD; Vinay Kr Sharma, Director/Guarantor & two Corporate Guarantors, M/s Gurupath Merchandise Ltd.,(Corporate Guarantor), Kolkata & M/s Thunder Traders Ltd. (Corporate Guarantor), Kolkata; Unknown public servant(s)/unknown others on the allegations that the accused conspired with each other to defraud the banks and caused loss of *Rs.1528.05 crore* (approx) to the consortium of *16 banks led by Bank of India* 

The consortium banks included Bank of India, Union Bank of India, Andhra Bank, Punjab & Sind Bank, Indian Overseas Bank, State Bank of Hyderabad, Central Bank of India, Corporation Bank, HDFC Bank Limited, Oriental Bank of Commerce, Saraswat Co-operative Bank, State Bank of Patiala, UCO Bank, Allahabad Bank, Standard Chartered Bank and DBS.

The CBI alleged that the accused, who were engaged in manufacturing ferrous and non-ferrous metal, obtained loans from the consortium of banks from 2008 to 2013 but later diverted the funds causing a loss of Rs 1528.05 crore.

The account was classified as *NPA in the books of accounts of Bank of India in March 2014.* It was red-flagged by the bank as advised by RBI in May 2015 and then declared *fraud in February 2016.*