ALL INDIA BANK OFFICERS’ CONFEDERATION
(Registered under the Trade Unions Act 1926, Registration No.:3427/Delhi)
C/o Bank of India, Parliament Street Branch
PTI Building, 4, Parliament Street, New Delhi:110001
Phone:011-23730096 Tel/Fax 23719431
E-Mail: aiboc.sectt@gmail.com
CIRCULAR No 2015/ 67 Dated:26/09/2015
TO ALL AFFILIATES/STATE UNITS/MEMBERS
Dear Comrades,
AIBOC OPPOSES WORKING ON HOLIDAYS
OPPOSES UNMINDFUL DISBURSEMENTS OF LOANS
After
prolonged negotiations and strikes the Bank Officers and employees got
into a Bipartite Settlement with clinching 2 Saturday Holidays in lieu
of working full day on other Saturdays. Unfortunately the Government,
which issued the notification to the effect very recently, is indirectly
depriving the Bankers of their holidays. This is being done despite the
fact that the Jandhan, PMSBY & PMJJY schemes of the Government were
grand success due to whole hearted involvement and indescribable
pressure undertaken by Bank officers and employees.
This
time it is MUDRA loans. Government has given a target of minimum 25
loans per branch to all the Banks to be sanctioned within few days.
While no one denies that all socio economic policies and schemes need to
be given utmost priorities and importance, adherence to lending norms
should not be given a go by. The way in which the scheme is being
implemented raises many eyebrows and motives are being attributed.
The
process of MUDRA loans like any other loan involves the identification
of borrowers, their KYC and due diligence, inspections, sanction,
documentation and disbursement. Even at the cost of ignoring normal
operations of banking, not more than one or two borrowers can be handled
by one officer in a day. Any lapse in processing of loan may lead the
Officer, sanctioning these loans, to trouble and disciplinary action
against him apart from account becoming NPA. After having nightmarish
experiences of the loan Melas organised during the period and at the
behest of Mr. Janardhana Poojari the then State Minister of Finance in
1987. All our affiliates have been raising the issue with their
respective Managements. The issue was deliberated in the 77th Executive
Committee of our Confederation held at Ahmadabad held on 23rd September,
2015 and it was desired that officers should not be compelled to work
on holidays as it disturbs work life balance.
In
utter disregard to the feelings and sentiments and pressures on the
officers Finance Ministry had issued instructions to the Tamil Nadu
State Level Bankers Committee to organise a loan mela and it was
compelled to issue sanction letters to more than 1000 borrowers on 26th
September, 2015, 4th Saturday of the month declared as national holiday.
Bankers were compelled sanctioning of such a large number of
applications in a short time which was done overlooking many norms.
Sanction letters were to be handed over by Sh. Venkaiah Naidu, Hon’ble
Minister of the Govt of India at Image Auditorium, Raja Annamalaipuram,
Chennai. The entire venue and the roads leading to the venue were
decorated with party flags of Bharatiya Janata Party.
Management
of the Banks compelled the Branch Managers to sanction the loans and to
attend the function with other officers. AIBOC Tamilnadu State Unit in
consultation with the National Leadership organised a massive
demonstration in front of the venue of the function. Hundreds of
officers, including many lady comrades assembled under the leadership of
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. B. Srinivasan
General Secretary, IOB Officers Federation, Com. (Dr.) V. 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 participated in the
demonstration demanding implementation of the Bipartite settlement
allowing 2 Saturday holidays, providing adequate time for loan
processing and opposing politicisation of loan dispersals.
We
convey our heartiest congratulations to the Tamil Nadu State Committee
of our Confederation for such a huge and successful demonstration which
highlighted the high handedness and evil designs of the Government.
While we reiterate our commitment to serve the society in any way
including through extending loans to the poor and needy, we condemn the
“Take it for granted approach” of the managements and Government,
ignoring all human values and systems, which is painful and telling
poorly on the governance. We request the Government to view with concern
the negative impact of such practices on its image and streamline its
approach.
We demand from the Government:
DO NOT DEPRIVE BANK OFFICERS OF THEIR HOLIDAY !
PROVIDE ADEQUATE TIME TO PROCESS LOAN APPLICATIONS !!
DO NOT POLITICISE LOAN DISPOSAL
Regards,
E.R.Iyer
