Banking Updates
Do Not Deprive Bank Officers of Their Holiday
Do Not Politicise Loan Disposal
Provide Adequate Time to Process Loan Applications
AIBOC Conducts Demonstration at Chennai in Front of Image Auditorium , MRC Nagar, venue for the Loan Mela
After
prolonged negotiations and strikes the Bank Employees and Officers got
into a Bipartite Settlement with IBA providing 2 Saturday Holidays in
lieu of working full day on other Saturdays. Unfortunately the Govt
which issued the notification is indirectly depriving the Bankers of
their holidays. Earlier it was Jandhan, now it is Mudra Loans.
Each
Bank Branch has been given a target of minimum 25 loans by the
Controllers to be sanctioned within few days. The Bank Branches have
been deprived of adequate staff because there was a ban on recruitment
for more than 10 years. With inadequate staff processing of loan
applications has been a casualty. While the Association, Federation and
Confederation as well as the top management agrees that small producers,
entrepreneurs and shop keepers who are dependent on informal lending
sources have to be provided with adequate bank loans, there should not
be dilution of lending norms and KYC norms should not be given a go by.
Once processing is not done properly, after few months the individual
officers will be charge sheeted. We have had nightmarish experiences of
the loan melas organised during the period of Mr. Janardhana Poojari who
was the Minister of State for Finance in 1987. The viable alternative
is to provide adequate Officers and staff and also provide adequate time
for processing the loan applications.
Today
26th September 2015, which is the 4th Saturday of the month, which has
been declared as national holiday, the Finance Ministry had issued
instructions to the State Level Bankers Committee to organise a loan
mela which is attended by Mr. Venkaiah Naidu, Hon’ble Minister of the
Govt of India. Within a few days, Bankers were compelled to issue
sanction letters to more than 1000 borrowers. Sanctioning such a large
number of loans has resulted in dilution of following the systems and
procedures of the Banks which eventually will land the Officers
sanctioning these loans in trouble. The entire venue and the roads
leading to the venue were decorated with party flags of Bharatiya
Janatha Party.
Many
Bank Officers were compelled by the Management to attend the function
and also Branch Managers were compelled to issue sanction letters. The
hard earned holidays are being taken away. Hence AIBOC Tamilnadu State
Unit organised a massive demonstration in front of the venue which was
Image Auditorium, Raja Annamalaipuram. Com. D.T. Franco, State
President, AIBOC, Com. Vijayasenan State Secretary, Com. J.D. Sharma
Senior Vice President AIBOC, Com. Rajendran General Secretary, Indian
Bank Officers Federation, Com. Srinivasan General Secretary, IOB
Officers Federation, Com. Chidambara Kumar President All India Private
Sector Bank Officers Federation, Com. Gopish General Secretary Lakshmi
Vilas Bank Officers Association, Com. A. Krishnan President SBI Officers
Association Chennai Com. Jagadeesan Tamilnadu Co-operative Bank
Officers Association and around 200 Bank Officers representing various
Banks including around 25 lady comrades participated in the
demonstration demanding implementation of the Bipartite settlement
allowing 2 Saturday holidays, providing adequate time for loan
processing and apposing politicisation of loan dispersals.
The
national committee of All India Bank Officers Confederation has stated
that Officers should not be compelled to work on holidays as they
require work life balance.
Yours faithfully,
(D.T. FRANCO RAJENDRA DEV)
State President, AIBOC &
National President, All India State Bank Officers Federatio
State President, AIBOC &
National President, All India State Bank Officers Federatio
Regards,
E.R.Iyer
