friend & guide - oct 2014

8/10/2019 Friend & Guide - Oct 2014

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CBOA - Friend & Guide Oct 2014 Page 2

From the desk of General Secretary

Dear Friends,

Revolutionary greetings to you all

We are in the midst of a historic agitation programme. Armed with the genuineness of our

just demands and energised by the repeated efforts of IBA to snub our protests, we are

getting stronger day by day. The more we are delayed of our genuine settlement, the more

vigorous and empowered becomes our struggle.

The unity of our members and the readiness with which you have all responded to the variouscalls of the organisation are exemplary. History shows that long drawn struggles could be

sustained whenever the cadre leadership bondage and understanding are strong.

AIBOC & UFBU gave the clarion call to intensify the agitation, with firm faith on the members.

It is our privilege to be part of this agitation. In my three decades of career and trade

unionism, I am very happy at this moment, that we could give our members regulated

hours of working.

The branches getting closed after office hours, family members happily receiving the Officers

who return home earlier than usual, with surprise and joy, improved speed and efficiency to

finish the essential works , improved prioritizing and planning are all possible now, because

of YOUR incomparable commitment to the AIBOC call

Friends, we have a long way to go in our agitational path. Our unity and sincerity will help us

to cross any obstacle. Intensify the struggle, in the interest of the nation.

With best wishes,

G V MANIMARAN

GENERAL SECRETARY


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FRIEND GUIDE

An e-magazine from CBOA Issue No.5 October, 2014

Editor: V. Ramaraj

On behalf of Canara Bank

Officers Association, designed &

published by V. Ramaraj, Editor,

Friend & Guide, CBOA.

Please send your views,

contributions & suggestions to the

email ID: [email protected]

Contents

Topic Page

From the desk of Gen Secretary 2

Editorial 3

Our CBOA 4

Members view & CTS Tips 7

Our Bank 8

Q & A 9

AIBOC News 13

Regions profile 32

Tech Bits 41

RBI News 42

Relax 45

Haryana Bank Robbery 46

Policies & Guidelines 47

Family Gallery 49

ATM Free withdrawals 50

Lifestyle in India 51

Test your IQ 51

Blame it on Facebook 52

Photo Gallery 53

EDITORI L

Management by Panic

We are shocked by a recent news item that says the

'successful' Axis bank is going to 'shed' 200 consistent non-

performers. For these corporate kings, the life of an

officer is a plaything. In our culture, the concept of

employment is not just income for an individual. It is the

very existence and survival of an entire family. Aged

parents and children depend on the earning of anemployee. In most cases, we add dependent sisters,

brothers or other relatives.

This is not US where government takes care of the aged,

the unemployed and the sick. Without the basic

humanity, announcing the doom of some unidentified

staff will only send panic waves.

Corporate rat race, back stabbing, name calling and

climbing the ladder on others' cost are pronounced in the

financial sector

Novels like The Incredible Bankerclearly shows how the

money industry is artificially over heated for private

gains. Credit card as a cheating tool, compulsory

insurance purchase as a condition for loan facility, not

showing any social concern by way of priority, education

loans etc are the hallmark of new generation private

banks.

What right they have to brand an officer as non-

performer, is a pertinent question that comes to everyright thinking citizen.

We express our solidarity add and support to our brothers

in the new generation private banks.


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Website address:

www.cboa.co.in

Successful implementation of agitation programme:

All our Units from Kashmir to Kanyakumari have successfully implemented thefollowing agitation programme as advised by AIBOC / UFBU:-

Black Badge Wearing on 10.10.2014

A massive rally at Jantar Mantar, New Delhi and all State / District HeadQuarters on 13.10.2014 at 5 p.m.

Withdrawal of extra cooperation i.e. No late sitting beyond working hours /

not attending the offices/official work on Sundays and holidays.

Country wide protest demonstrations on 17.10.2014

One day dharna at all state capitals

Releasing of Press Statements & Advertisements in newspapers on 29.10.2014

Observation of Protest Day, Badge wearing & Demonstration / Rally on

30.10.2014

All the members are being geared up by our Office Bearers and Functionaries to

intensify our agitation programme in the days to come.

We will fight till we succeed

Our Demands are just & right

Hence, ultimate victory will be ours

Our CBOA


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Achievement of Regulated working Hours:

As unanimously decided by the UFBU to withdraw all types of extra co-

operation by workmen / officers with immediate effect and to boycott all meetings

called for by the bank managements after normal office hours and also not working

on Sundays & other holidays, the Work to Rule is being implemented by all our

members in our bank both in Administration and Operations.

Now, the Officers leave their Office after normal office hours, see the sunset,

have some entertainment, reach home earlier and spend time with their family.

By withdrawing of extra cooperation, we have automatically achieved our

demand of Regulated Working Hours.

Our recent monetary achievement:

Reimbursement of JAIIB/CAIIB Exam Fees (50%) and cost of study materials (100%) arerevised as under:

JAIIB: Exam Fees Rs.1349, Study Materials- Rs.1265 (Hindi), Rs.1095 (English)

CAIIB: Exam Fees Rs.1517, Study Materials- Rs.1200- Rs.1350

The above will be reimbursed for those who pass the JAIIB / CAIIB examinations in

consecutive 2 attempts.

Canara Bank Officers Cooperative Thrift and Credit Society Limited:

The 31stAnnual General Body Meeting of the Canara Bank Officers Cooperative Thrift

and Credit Society Limited was held on 19th October, 2014 at Society Premises in

Chennai.

The following amendments were proposed and approved by the General Body:-

The Executive Management of the affairs of the Society shall vest in the Board

of Directors consisting of 15 members (Earlier it was 11 members)

Surety Loan raised from Rs 2,00,000/-to Rs 2,50,000/-

The above amendments will come into force after getting approval from the Central

Registrar of Co-operative Society, New Delhi.

10% Dividendhas been declared & directly credited to the accounts of the members

through CBS on 20.10.2014.


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ESTD 1974 Phone : 044 28112454

Telefax : 044 28113151

CANARA BANK OFFICERS COOPERATIVE THRIFT AND CREDIT SOCIETY LIMITED

No 216, Royapettah High Road, Royapettah, Chennai 600 014

email:[email protected]

It is managed by Canara Bank Officers Association for the welfare of the Officers community.

The Society welcomes all the Officers of Canara Bank to be its member and benefit from the

profits earned through its operations. The only condition is that the Officer should not be a

member of any other Coop Thrift & Credit Society.

A DD for Rs 110/- in favour of the Society has to be sent (Rs 100/- towards value of 10shares @ Rs 10 each & Rs 10/- towards enrolment fee)

Thrift Contribution per month is Rs 400/- for an Officer.

Performance Highlights of the Society

1. Consitently securing coveted A Grade in inspection since inception in 1974.

2. Earning profit since beginning.

3. Declaring Dividend every year since inception.

4. No borrowing from Apex Bank, thus lending at lowest rate.

5. Instant sanction of loan.

6. Interest on Thrift Deposit @ 7% p.a.

7. Dividend on Share capital @ 10% p.a.

8. Family Welfare Assistance Rs 50,000/- (on death).

9. Air conditioned Guest Room facility for the members at low tariff.10.A token of gesture up to Rs 5000/- will be given to the member who is withdrawing his

membership after his superannuation.

Various loan Schemes of Thrift Society available to the confirmed Officers:

scheme Loan amount Rate of Interest Repayment Renewal

Surety Loan Rs 2,50,000/- 10% p.a. 90 months Once in 6 months

Deposit Loan 90% of deposit 9% p.a. 60 months Once in 6 months

Gold loan Rs 1,00,000/- 9.5% p.a. 24 months

Festival Loan Rs 25,000/- 10% p.a. 25 monthsVehicle Loan Rs 50,000/- 48 months

Are you a member of our Thrift Society?

If not, please log on to our websitewww.cboa.co.in& download the Membership Application

Form, enroll as a member at the earliest and enjoy the facilities.
mailto:[email protected]:[email protected]:[email protected]://www.cboa.co.in/http://www.cboa.co.in/http://www.cboa.co.in/http://www.cboa.co.in/mailto:[email protected]


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Congratulations! You have aptly covered all the points and deliberations of

Gurgaon CC beautifully. Commendable job. Keep it up. All the credit should go

to you. All the best for your future endeavors. GOOD LUCK

- Smt Pushpa G Kumar, DGS, Bangalore Metro

Excellently designed new look Friend and guide.

Very informative. Please keep up the excellent work

- Sri B Sekar, Senior Manager, Nandanam, Chennai

Very very very attractive, very very very enlightening

- Sri Anil Kumar K, RC Member, Bangalore Metro

Excellent presentation, wonderful contents, Sir you have made Friend and

Guide so lively and superb house magazine

Kudos to you and your dedicated team. Well done

- Sri Lakshmikanth Nayak, DGS, Mangalore

I suggest to publish the name of members who were assisted from BenevolentFund during the month in the magazine.

Also please publish the name of beneficiaries of Staff Welfare Schemes ofAssociation

- Sri B L Maheshwari, AGS, Jaipur

Memb

ersview

Non CTS Cheques

All the Banks providing cheque facility to their customers have beenadvised by RBI to issue only 'CTS-2010' standard cheques.

Cheques not complying with CTS-2010 standards will be cleared at lessfrequent intervals i.e. twice a week up to October 31, 2014 and weeklyonce on Mondays from November 1, 2014onwards.

(Contributed by Sri A Nagarajan, Senior Manager, Accounts Section, Madurai)CTS

Tips


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Website address: www.canarabank.com

STAFF STRENGTH as on 31 October 2014SCALE TOTAL

CHIEF GENERAL MANAGER / GENERAL MANAGER 50

1489DEPUTY GENERAL MANAGER 119

ASSISTANT GENERAL MANAGER 365

DIVISIONAL / CHIEF MANAGER 955

SENIOR MANAGER 2442

22382MANAGER 5705

OFFICER 14235

SPECIAL ASSISTANT 882

29310CLERK 19793

SUB-STAFF 8633

PART TIME EMPLOYEE 2

GRAND TOTAL 53181

Time Norms for Personal Loans

Sl

No.Nature of Credit facilities

Time Norms*

Sanctions at Branch/

RAH

Sanctions at

Circle

Sanctions at HO

1 Housing Loans upto Rs. 25 lacs 21 days 30 days 6 to 8 weeks

2 Housing loans above Rs. 25 lacs 30 days 45 days 8 to 9 weeks

3 Canara Rent NA 45 days 8 to 9 weeks

4

Canara Mortgage / other Mortgage

based loans NA 45 days 8 to 9 weeks

5 Canara Jeevan NA 45 days NA

6 Canara Vehicle 7 days 15 days 2 to 3 weeks

7 Canara Budget 7 days 15 days 2 to 3 weeks

*Number of working days/weeks from the date of submission of all required documents.


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Q:1. One Medium Branch of our Region headed by a Middle Management Grade Scale

II Manager, has been upgraded as Large in May 2014. Whether the Scale IIManager heading the upgraded Large branch is eligible for Officiating

Allowance?

- Sri R Raghavendran, Regional Secretary, Coimbatore

Q: 2. On promotion from JMG Scale I, one Middle Management Grade Scale II

Manager has been posted to head a Large branch of our Region. Whether the

Scale II Manager heading the Largebranch is eligible for Officiating Allowance?

- Sri A S Bhat, Regional Secretary, Mangalore

A: In terms of Regulation 23(vi) of Canara Bank (Officers) Service Regulations, 1979,

Provided that, where an Officer comes to officiate in a higher scale, as a

consequence solely of the review of the categorisation of posts under

Regulation 6, he/she shall not be eligible for the Officiating Allowance for a

period of one year from the date on which the review of the categorisation

takes effect

As such,

1. The Scale II Manager heading a branch upgraded as Large in the current year,

is not eligible for Officiating Allowance for a period of one year from the date

of up gradation. In case, the Scale II Manager continues to head that Large

Branch in the succeeding year, he will be eligible for Officiating Allowance.

2. The Scale II Manager posted to head an existing Largebranch, is eligible forOfficiating Allowance.

It is always better to get prior permission from the concerned Circle Office before

officiating in a higher scale or exercising the sanctioning powers as applicable to the

categorization of the branch.

Q & A


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CATEGORIZATION OF BRANCHES:

[

In terms of Regulation 6 of Canara Bank (Officers') Service Regulations, 1979,

categorization of branches has to be undertaken by the Bank, every year, in themonth of May, taking into account the Average Business position for the previous two

years.

The revised norms for categorization of branches are as under:

BUSINESS PARAMETERS(AVERAGE AGGREGATE DEPOSITS &

ADVANCES)

CATEGORY OFTHE BRANCH

INCUMBENCYNORMS

Up to Rs 5.00 Crores Small Branch

Scale I Officers

(with a minimumof 4 yearsservice asOfficer)

Above Rs 5.00 Crores up to Rs 25.00 Crores Medium Branch Scale II Officers

Above Rs 25 Crores up to Rs 75 Crores with a

minimum advances of Rs. 10 crores & aboveLarge Branch Scale III Officers

Above Rs 75 Crores up to Rs 250 Crores with aminimum advances of Rs. 25 crores & above

Very Large Branch Scale IV Officers

Above Rs 250 Crores up to Rs 1000 Crores witha minimum advances of Rs. 100 crores & above

ExceptionallyLarge Branch

Scale V Officers

Above Rs 1000 Crores with a minimum advancesof Rs. 750 crores & above

Premier Branch Scale VI Officers

The above revised norms for categorisation of Branches are effective from the

year 2009 vide HO Circular 43/2009 dated 02.02.2009


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DELEGATION OF POWERS FOR CREDIT SANCTIONS:

In terms of Clause 1.2 of HO Circular 268/2014 dated 17.05.2014, some of the

essential principles governing application of the scheme of delegation of powers for

credit sanctions are as under:

(xv) Branches are categorized as Small, Medium, Large, Very Large, Exceptionally

Large and Premier branch for the purpose of exercising credit sanctioning powers.

In case any authority in a higher scale is heading a branch, the official can exercise

sanctioning powers delegated to his / her designated authority only on specific

delegation accorded by the C&MD of the Bank. Till such time the sanctioning powers

normally delegated based on the Branch category can only be exercised.

[

Similarly, in Circle Offices also, in case any authority in a higher scale is heading theCircle, the official can exercise sanctioning powers delegated to his/her designated

authority/CAC only on specific delegation accorded by the C&MD of the Bank. Till

such time, the sanctioning powers normally delegated to the respective CAC at Circle

can only be exercised

(xvi) In case of recategorisation to a lower category, till the higher designated official

is withdrawn he / she shall continue to exercise the credit sanctioning powers

delegated to him / her.

(xvii) Credit sanctioning powers of the lower authority do not derogate the

sanctioning powers of any higher authority. In other words, a higher authority can

sanction loans/advances that fall under the sanctioning powers of a lower authority.

However, the higher authority shall not exercise the sanctioning powers of a lower

authority unless there are compelling reasons for such exercise and it is specified so

while sanctioning.

(xviii) A lower authority must not sanction any credit limit / facility even against 100%

cash margin, when A lower authority must not sanction any credit limit / facility even

against 100% cash margin, where sanction of other related facilities fall within the

sanctioning powers of higher authorities and / or where sanction of such limits

automatically or impliedly entails sanction of other facilities by higher authorities.


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(xix) The delegated credit sanctioning powers prevailing on the date of sanction shall

be the criteria for determining the credit sanctioning powers of an authority. This

stipulation will apply regarding any sanctions requiring ratification also.

(xx) Consequent upon any revision in credit sanctioning powers, if the facilities earlier

permitted by a higher authority fall under the revised sanctioning powers of a lowerauthority, further follow up of such borrowal accounts including exercise of

sanctioning powers shall be by the concerned lower authority. Similarly, if any of the

limits / sub limits exceeds the sanctioning powers of a particular authority, all further

limits shall be considered by the competent higher authority and for follow up

thereafter.

(xxi) It is not permissible to allow customers to avail themselves of facilities in

anticipation of sanction by higher authorities.

(xxii) Branches / offices should not permit issuance of Letter of Guarantee taking for

opening a revolving line of credit in favour of contractors without proper sanction.

(xxiii) Wherever sub-limit is not indicated against a particular nature of credit facility

the respective sanctioning authority can exercise the delegated powers within the

maximum powers (per borrower) indicated at item I of the Charts.

(xxiv) Discount / negotiation of bills drawn under FLCs of Prime Banks are subject to

guidelines issued in this regard and the sanctioning powers are as indicated in the

charts.

(xxv) In case any type / category of credit facilities are specifically advised to be

provided at specified branches the same may be adhered to.

Disclaimer: The views expressed above are not the views of CBOA. Officers are

requested to refer the relevant Regulation / Circular / Memo / Manual forauthentication on the above matter. CBOA & the Editor will not be responsible for any

omission or commission.

************


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Website address:

www.aiboc.org

Circular No. 2014/63 Dated: 01/10/2014

INCENTIVES TO OFFICERS POSTED TO NORTH EASTERN REGION REVISION

We are very pleased to inform you that the Government has not only substantially

enhanced the amount of incentives of Rs. 1,600/- per month, which was hitherto paid

only to the officers from outside North Eastern States but has also permitted this

allowance to local officers. The revised guidelines which have already been conveyedvide D.F.S Letter No. 4/4/2/2001-IR dated 26th September, 2014 (Copy attached) to

all the banks is as under:

i. The incentive shall be 20% of basic pay with minimum Rs. 3000/- pm and maximum

Rs. 7500/- p.m.

ii. Officers belonging to a State in North Eastern Region but posted in other States of

North Eastern Region shall also be eligible.


SCHEME OF APPOINTMENT ON COMPASSIONATE GROUNDS IN PUBLIC SECTOR BANKS

Our members are aware that the scheme of appointment on Compassionate grounds

was circulated by the IBA to the member banks on 11th August, 2014, after its

clearance from the Government and was made applicable with effect from 5th

August, 2014. With the implementation of the scheme of appointment on

Compassionate grounds, the provision of payment of ex-gratia in lieu of

Compassionate appointment was discontinued. On inquiry from many member banks,

the IBA referred the matter to the Government to seek clarifications regarding

disposal of applications pending under the old scheme i.e. ex-gratia in lieu ofCompassionate appointment.

The department of Financial Services vide their Letter F.No.18/2/2013-IR dated 8th

September, 2014, has advised the IBA that ex-gratia has been discontinued only from

5th August, 2014, and all cases for ex-gratia pending before 5th August, 2014, shall

AIBOC News


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not be affected by the new scheme. The Government has also directed the IBA to

settle all those pending cases at the earliest.

The decision / clarification of the Government has been conveyed by Indian Banks

Association to all Public Sector Banks on 30th September, 2014.


14thBIENNIAL CONFERENCE AND 33RD GENERAL BODY MEETING OF LAKSHMI VILAS

BANK OFFICERS ASSOCIATION

The 14th Biennial Conference and 33rd General Body Meeting of Lakshmi Vilas Bank

Officers Association was held successfully at Trichy on 2nd and 3rd October, 2014.


UNDUE AND UNJUSTIFIED DELAY IN SALARY REVISIONCONFEDERATION MAKES A

CLARION CALL TO INTENSIFY THE AGITATION

The 74th Executive Committee Meeting of our Confederation was held in emergent

circumstances at New Delhi on 8th October, 2014

Considering the views of the House, the following action programme was unanimously

decided by the Executive Committee:

-Black Badge Wearing (All members must tie a black ribbon on the left

arm)

-A massive rally at Jantar Mantar, New Delhi and all State H.Q. at 5 p.m.

Withdrawal of extra cooperation i.e. No late sitting beyond working hours / not

attending the offices/official work on Sundays and holidays.

-Country wide protest demonstrations, jointly with UFBU constituents

- One day dharna at all state capitals

(Date shall be decided by the State Unit of UFBU)

-The Press Statements / Releases / Advertisements in newspapers to

mark the second anniversary of submission of Charter of Demand & massive rallies and

demonstrations in all State Headquarters.


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BLACK BADGE WEARING - A GRAND SUCCESS !

LET US MOVE AHEAD TO INTENSIFY OUR STRUGGLE !!

Every step toward the goal ofjustice requires sacrifice, suffering, and struggle;

the tireless exertions and passionate concern of dedicated individuals.

We once again urge all our Affiliates to mobilize all our members, involve all other

Constituents and show the IBA and the Government our resolve, Unity and Solidarity

for achieving our long pending Salary settlement and other residual issues by

implementing the agitation call of UFBU as well as of our Confederation to intensify

our struggle.


SCHEME OF APPOINTMENT ON COMPASSIONATE GROUNDS IN PSBs - Clarifications:-


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AGITATIONAL PROGRAMME -PROPELLING THE MOVEMENT

MOVE AHEAD ! RELENT NOT TILL THE GOAL IS ACHIEVED !!

We are extremely happy that call of the Confederation evoked unprecedented

response! Massive demonstration and rallies were reported from all over the country.

Reports from Mumbai, Thiruvananthapuram, Chennai, Ahmedabad, Jaipur, Patna,

Bhopal, Bangalore, Chandigarh, Pune, Nagpur, Lucknow and North East States along


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with video clippings and pictures, need volumes to describe the success of the

programme.

Jantar Mantar in Delhi witnessed unparallel participation of more than 1500 Officers

at the call of AIBOC alone, creating a new history ! None of the agitations held during

the time immemorial witnessed such massive gathering at so many centres, despite

the joint calls of UFBU.


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UFBU decides to intensify the Agitation All India Strike on 12thNovember, 2014

Relay Zonal Strikes from 2ndto 5thDecember, 2014

Withdraw Co-operation to the Managements

DEMANDING EARLY AND BETTER WAGE REVISION SETTLEMENT

In this background, UFBU meeting was held today in Bengaluru to chalk out theprogrammes and after due deliberations, the following further programmes havebeen decided upon:

29thOctober, 2014 Press Meet at all State Capitals and major centres

(Press Note of UFBU, to be released by all theconstituent unions, will be sent in due course)

30thOctober, 2014

All India Protest Day

Badge Wearing

Demonstrations/Rallies at all Centres

11thNovember, 2014 Centralised Demonstrations at all Centres

12thNovember, 2014 ALL INDIA ONE DAY PROTEST STRIKE

2nd December, 2014 to

5thDecember, 2014Relay Zonal Strikes

To be followed by Further Strikes including Indefinite Strike

It was also decided unanimously by the UFBU to withdraw all types of extra co-

operation by workmen/officers with immediate effect and to boycott all meetingscalled for by the bank managements after normal office hours. The meeting alsodecided against working on Sundays and other holidays.


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The schedule of Relay Zonal Strikes is as under:

02.12.2014Southern Zone consisting States of Andhra Pradesh,Karnataka, Kerala, Tamil Nadu, Telengana and UnionTerritories of Lakshadweep and Puducherry.

03.12.2014

Northern Zone consisting States of Chattisgarh, Haryana,Himachal Pradesh, Jammu & Kashmir, Madhya Pradesh, NewDelhi, Punjab, Uttar Pradesh, Uttaranchal, Rajasthan andUnion Territory of Chandigarh

04.12.2014Eastern Zoneconsisting States of Bihar, Jharkhand, Odisha,

Sikkim, West Bengal, North Eastern States and UnionTerritory of Andaman & Nicobar Islands

05.12.2014Western Zoneconsisting States of Goa, Gujarat,

Maharashtra and Union Territories of Daman & Diu


STAND UP FOR YOUR RIGHT !

MOVE ON TILL LAST MILE !!

Please refer to our Circular Nos. 2014/66, 2014/67, 2014/69 and 2014/70 dated

09.10.2014, 11.10.2014, 13.10.2014 and 14.10.2014 respectively, with regard to the

action programme decided by our Confederation and UFBU in protest against undue

delay in Salary Revision of Bank Officers and Employees.

While we take this opportunity to once again convey our satisfaction and

thanks to all Affiliates / State Units / members for successfully continuing with theagitation programme, we also caution all of you not to be complacent. Every new day

should start with renewed zeal, enthusiasm and vigour to ensure the successful

implementation of the agitational programme, call for which has been given by UFBU

after incorporating our suggestions and programme.


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UFBUSPECIMEN OF POSTER AND BADGE

The specimen of the Poster The Specimen of Badge

Circular No. 2014/73 Date: 20/10/2014

AGITATIONAL PROGRAMME

TRAVERSING THE PATH OF STRUGGLE

We refer to our previous Circulars on the captioned matter, detailing our action

programme for early Salary Revision and reports of successful implementation. We havebeen forced to choose the path of agitation due to callous and adamant attitude of IBA

and the Government

Comrades, though till date, there is no breakthrough in the stalemate and a tunnel of

struggle appears long, but we are confident with our resolved unity and solidarity, the

light of hope is not afar !


AGITATIONAL PROGRAMME

DRIPPING WATER HOLLOWS OUT STONE,

NOT THROUGH FORCE BUT THROUGH PERSISTANCE


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Please refer to our various Circulars issued on the agitationalprogramme, keeping you

updated about the progress in implementation,on the basis of reports received from

various Affiliates / State Committees. We appeal to all our Affiliates/ State Committees

to keep a continuous follow up and vigil over the implementation so that there does not

remain any weak link in our strong chain of militancy.

We are happy to inform that one of the Award Staff Union, NUBE, which is not part of

UFBU, has agreed to participate and implement common call of the UFBU. Comrades,

let us stay together with an iron like determination to stay firm to common grounds and

not to deviate from the common path of struggle to achieve our just and fair demands

and we are sure the success will welcome us as we cross the bend of the path, hand in

hand !


NOTICE OF STRIKE

Dated this day of 21st October, 2014

To

The Chairman,

Indian Banks

Association, World

Trade Centre, Cuffe

Parade, Mumbai.

Sir,

In accordance with the provisions contained in sub-section (1) of Section 22 of the

I.D. Act 1947, we hereby give you notice that the members of all the constituent

unions of

United Forum of Bank Unions ( AIBEA, AIBOC, NCBE, AIBOA, BEFI, INBEF,

INBOC, NOBW, NOBO) propose to go on one days strike on the12thNovember,

2014 and Relay Zonal Strikes from 2ndDecember 2014 to 5thDecember 2014 as per

details hereunder:02.12.2014Southern Zone 03.12.2014Northern Zone

04.12.2014Eastern Zone 05.12.2014Western Zone


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Demanding:

IMMEDIATE SETTLEMENT OF WAGE REVISION

The details of the programme and the Statement of the case are furnished

herein.

Sd/- (M.V.MURALI)

CONVENOR

STATEMENT OF THE CASE:

DEMANDING IMMEDIATE WAGE REVISION SETTLEMENT:

Wages and service conditions in the banking sector are governed by theindustry-level bipartite settlements signed between the Indian Banks Association (IBA)

and the workmen unions and officers associations operating in the banking industry.

All the banks which have given mandate to IBA to negotiate on behalf of them are

parties to the settlements. United Forum of Bank Unions (UFBU), representing five

workmen unions and four officers associations, is currently negotiating with IBA for

revision of wages to bank workmen/officers.

The wage revision for bank employees is due from 01.11.2012 subsequent to the

expiry of the last Bipartite Settlement on 31.10.2012. The common charter of

demands, separately for workmen and officers, were submitted by UFBU to IBA on

30.10.2012 i.e., before the expiry of last bipartite settlement.

UFBU has been requesting, since the start of negotiations, for a time-bound approach

to hold the negotiations on its demands and for conclusion of wage settlement within a

reasonable time. But the IBA has inordinately delayed the negotiation process and

there is no significant progress in the wage negotiations despite a lapse of nearly two

years time.

IBA is quoting the reason of non-affordability of banks and is stubborn in its offer of11% increase in pay slip components, as against the demand of UFBU for a

respectable settlement with due consideration of the difficulties that are faced by the

employees on account of high rate of inflation, which has eroded the salaries of the

employees to a great extent.


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Bank employees, workmen and officers, have been performing well despite severe

stress due to substantial increase in workload in the banks due to inadequate staff

strength and on account of opening of many branches under Financial Inclusion and so

on. Bank employees never lagged behind in the successful implementation of all

Government sponsored programmes/schemes, including the recently implemented

Prime Ministers Jan Dhan Yojna. However, the bank employees are not being paidadequately.

HENCE, THIS DEMAND FOR IMMEDIATE SETTLEMENT OF WAGE REVISION.


JOINT FORUM OF OFFICERS ORGANISATIONSOF CENTRAL PUBLIC SECTORUNDERTAKINGS JOINT RALLY / MARCH TO PARLIAMENT ON 9TH DECEMBER, 2014

Please refer to our communications advising you about formation ofCoordinationCommittee of Public Sector Undertakings on 7th June, 2014, holding oftwo days workshop on 16th & 17th August, 2014 at New Delhi, which was attended by10 office bearers of AIBOC, and organizing seminars at six different centres duringOctober and November and also to organize a March to Parliament in the month ofDecember, 2014.

A meeting of the Joint Forum of Officers Associations of Public Sector Units was heldin the Central Office of AIBOC on 22nd October, 2014 to review the progress of thedecisions taken by the committee. The meeting which was held under the

convenership of Com. K. Ashok Rao, Chairman of NCOA and also representing AIPEF,Com. Harvinder Singh, General Secretary, AIBOC, Com. K. Sebastian - representingSNEA and Com. V.K.Tomar - representing NCOA and MTNLEA.

The undersigned welcomed the members as host and expressed his satisfaction thatthe idea of forming a Joint Forum has been well received by the members of theconstituent Federations. He also informed that Seminar organized by AIBOC TamilNadu state unit at Chennai was a grand success and preparation of holding jointconferences and seminars by Andhra Pradesh State Unit are in process.

Com. K. Ashok Rao briefed the meeting about the progress of implementation of the

decision taken to hold Joint Seminars in various cities. He informed that Chennai AIBOC had organised a Joint Forum Seminar at the SBIOA School, Anna Nagar on the5th Oct. 2014. It was addressed by Shri Venkatesh Attreya former Vice ChancellorBharti University, Tiruchi and representatives of NCOA, AIBOC, AIPEF, SNEA, NABARD,RBI regarding the state of the Indian Economy and the various sectors as well as thestatus of the public sector units.


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A preparatory meeting held on the 19th October, 2014, at Bangalore decided to holdthe Joint Forum Seminar on Saturday the 22nd November, 2014, subject to availabilityof auditorium. Preparations for Seminar on Sunday the 23rd November are in fullswing and its progress was reviewed in a meeting of joint forum held on the 20thOctober 2014. It was also informed that programme in Lucknow shall be finalizedafter return of Com. Shailendra Dubey- AIPEF in the first week of November and

tentative schedule for the Joint Forum Seminar was decided for Second or Third weekof November 2014. Com. V.K. Tomar informed that Joint Forum Seminar in Mumbaican be organized on Sunday the 29th Nov. 2014.

It was decided to hold a Joint rally of the Forum at Jantar Manter/ Sansad Marg onthe 9th December, 2014 i.e. during the winter session of the Parliament. Thepreparations required for the rally were also discussed.

Meeting also deliberated on the requirement of permission from the Police Authoritiesfor the proposed March, the names of the Trade Union leaders/ MPs who should beinvited to address the rally, Issues to be included in the Memorandum to the Prime

Minister and the Press Statement, Slogans to be raised at the rally and otherarrangement to be made for the rally.In order to enable all our office bearers to participate in the historical March, wepropose to hold working committee meeting of our Confederation on 8th December,2014.

However, the notice will be issued after finalisation of the date and arrangements forthe March, in couple of days. We seek your suggestions about the speakers and issueswhich should be included as a part of the programme, from the point of view of ourConfederation.

Circular No. 2014/77 dated: 31/10/2014

AGITATIONAL PROGRAMME DHARNAS/RALLIES/DEMONSTRATIONS ON 30THOCTOBER 2014 ANOTHER MILESTONE IN THE STRUGGLE PROGRAMME

Comrades, once again we convey our salutation for successful completion of anothermilestone of the struggle programme in an unprecedented manner. Our fraternity hasonce again proved their militancy, solidarity and commitment to the common cause.We have received reports from all corners of the country and the zeal and enthusiasmreflected are very encouraging and heartwarming. Reports have been received fromfollowing cities/ centres, which need special mention for your information.

The historical place and hub of dharnas, Jantar Mantar right in the heart of thecapital of the country, Delhi, witnessed our massive show of strength exhibited byEmployees and Officers of Banking Industry. It was a colourful mixture of young andsenior, male and female, officers and workers of small and big banks, having gatheredto vent out their disappointment, anguish and frustration due to unjustifiably coldresponses and undue delay of IBA and Government on the long pending issues of


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Wage negotiation process. Apart from speakers of AIBOA, NCBE and AIBEA, the mainspeaker was Com. Harvinder Singh, the General Secretary of the Confederation. In hisshort address, he conveyed the salient and significant factors justifying our demands.He very vociferously elucidated the justification of our demands by highlighting thedisparity in pay scales vis-vis our counterparts in Government jobs. Amongst morethan 1500 members, largest proportion was that of our Confederation, including

hundreds of lady comrades. The event was covered by the prominent news agencieslike PTI and UNI.

The Commercial Capital of our Country, Mumbai city was another important centre,which saw passionate activities of Trade Union Movement. The Dharna organized byUFBU at Azad Maidan near CST Railway Station was a resounding success. It wasanother excellent show of unity and solidarity by constituents of UFBU. AIBOC leadersCom. Dilip Saha, Senior Vice President, Com. Sanjay A Manjrekar and Com. RamkumarSabhapathy along with 300 more members of AIBOC out of one thousand participants,sat for Dharna from 11 am to 5 pm.

In another important cosmopolitan city, Bangalore, the protest / demonstration washeld at Sate Bank of Mysore, Head Office, which was participated by more than 700comrades. Prior to this, on 28.10.2014, more than 300 officers and award staffparticipated in Dharna organized at Vijaya Bank, Head Office, at Bangalore and waswidely covered by local news channels.

The militant State for Trade Union activities, West Bengal arranged a demonstrationat Dalhousie, Traffic Island, Kolkata, where more than 500 members were present.The whole event was widely covered in almost all the local media. UFBU had alsoorganized a Press Conference on 29.10.2014 at Press Club, Kolkata which wasaddressed by Com. Sanjay Das, Secretary of WBSU of AIBOC. The demonstration was

conspicuous with the hallmark of Trade Unions i.e. carrying of red flags by thedemonstrators.

Demonstration at Chennai, another city known for its militant trade union activities,was equally massive and successful and more than 2000 members gathered atSyndicate Bank, Annasalai, near VGP Square to mark their protest.

The State of Gujrat, which has off late gained an increased national importance forbeing the State of our present Prime Minister, Shri Narendra Modi, was nowherebehind in marking the presence with the strong protest organised. A massivedemonstration was held by UFBU at Vijaya Bank premises, Navrangpura, Ahmedabad

in which more than 1000 members were present. After ranting of forceful slogans,leaders from UFBU addressed the gathering including Com. P.S. Jadeja representingAIBOC. He decided to hold the next demonstration on the strike date of 12thNovember, 2014, at OBC Bank, Ashram Road which is the heart of the city,Ahmedabad.


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At Thiruvananthapuram, the Mecca of Trade Union in India, a huge rally was organizedand despite bad climate, more than 1000 comrades from various constituents of UFBUparticipated in the rally, which started from Pallayam to SBT main branch nearSecretariat. The meeting was addressed by the prominent leaders includingCom. C. Rajkumar, Vice President, AIBOC and Com. Abraham Shahji John, the StateSecretary, AIBOC.

We are happy to share reports received from other important cities of the countrywhich are equally encouraging:

Jaipur, another heritage city was also reflection of dynamism of members of variousconstituents of UFBU. The demonstration was held at Allahabad Bank Zonal Office,Ambedkar Circle, Jaipur, wherein more than 500 members participate. Thedemonstration was distinct because of participation of RBI and LIC young leaders aswell.

The another bordering city of Rajasthan i.e. Ganganagar situated at the border of

Pakistan, Punjab and Haryana had a unique way of lodging protest by organizing thecandle light march participated by more than 200 members.

The only planned city of India, Chandigarh organized demonstration in front of Bankof India, Main Branch, Bank Square, Chandigarh, where hundreds of officers andaward staff were present apart from AIBOC State Secretary, State President of StateBank of India and AIBEA State Vice President.

Goa, a city of international tourist attraction, hundreds of comrades assembled atAzad Maidan opposite Bank of India, Panaji Branch, Goa to lodge their protest.

In Jharkhand, demonstration was held at all Zonal Offices of Bank of India after amammoth rally of UFBU at Firayalal Chowk. There were more than 500 participants inthe demonstration and although 30 minutes of time was given by administration, themain roads remained captured for more than 1.30 hours by the bankers to expresstheir agony and solidarity. The gathering was addressed by all prominent leaders ofUFBU. The common press release of UFBU was given in prominent newspapers ofJharkhand.

The various centres in Maharashtra also witnessed the anger of Bank employees.Massive successful demonstrations were held at Bank of India Zonal Office, Pune andKolhapur Main Branch, Bank Street at Solapur, Ratnagiri Zonal Office of Bank of India,

Sangli Bus Stand, Aurangabad Kranti Chowk and Nasik Main Street. UFBU leadersaddressed at all centres.

At Jabalpur, a massive demonstration was organized at Civic Center, participated bymore than 300 members. We reiterate our affiliates to ensure implementation of theprogramme of withdrawal of extra cooperation which is part of agitation decided byUFBU. Not attending office on Sundays / holidays and not sitting late beyond working


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hours should continue till further decision. This call applies to IBPS tests, specialcamps organized for opening of accounts, official meetings etc. we must achieve ourdemand of regulated working hours through this agitation programme itself.

Meanwhile, in the recent development, Central Labour Commissioner, has invitedUFBU for conciliation meeting with IBA on 5th November, 2014 in his office. This is a

routine exercise which CLC undertakes to defuse the situation and always takes placebefore any strike call and call upon our members to continue with our struggleprogramme relentlessly. With the present attitude of IBA there is absolutely no hopefor any conciliation. March on comrades with the declared programme.

Our GS & Other Banks leaders in AIBOC demonstration at Chennai on 13.10.2014


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Our GS & VP in AIBOC Rally & Meeting at Coimbatore on 30.10.2014


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BADRINATH KEDARNATH

Region Dehradun

State Uttrakhand

Address forcommunication

CBOA Office Branch /Office

Canara BankWelaham Boys SchoolCurson RoadDehradun

Phone No with STDcode

0135-2711735

Mobile No 08755032399 J S Chauhan & 09897576005 of I S Parmar

E mail ID [email protected]&[email protected]

Regions profile
mailto:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]


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Details of own Premises No Own Premises

Total no of Officers(as on-09/10/2014)

Scale I Scale II Scale III Total

157 57 26 240

CBOA members 157 56 26 239

No of Branches(as on 30-09-2014 )

Rural Semiurban Urban Metro Total

29 23 22 - 74

Business position(Rs in crores)

(as on 30-09-2014 )

Deposits Advances Total CASA share

1564.35Crore 746.71Crore 2311.08Crore 662.83Crore

Circle Head MrJagjit Singh, Asst General Manager

Staff Position(as on 09-10-2014 )

Executives Officers Workmen Total

9 240 208 531

RSTC if any No RSTC in our Circle

Specialty of the Region

S p e c i a l i t y i n H i l l y a r e a s o f U t t a r k h a n d

Uttrakhand is India's new state carved out of Uttar Pradesh. It is mostly ahill state with Himalaya as its pillow. It has two areas Garwhal and Kumaonhills. Ganga Yamuna are two famous rivers of India. They emanate fromthe glasiers and Gangotri and Yamnotri flow through Uttrakhand passingthrough various cities of India, finally join the Indian ocean.The most sacredtemple of India - Kedar Nath and Bedri Nath are visited by millions ofpilgrims each year to pay obeisance.

India's religious sect sikhs have their famous temple Hemkund at a height of4000 meters beside a lake where Guru Govind Singh, the tenth Guru in hisprevious incernation did his tapasya for the Almighty. Thousands ofdevotees go every year from May - Sep to pray at his shrine. Base station isJoshi Math, From here you can trek into valley of flower also.


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Dehradun is the capital of Uttrakhand, It is connected to Delhi from JollyGrant airport and Presently has 3 flights a day. Dehradun is the rail head forGarhwal Himalaya with direct train from Delhi is 0700 a.m. to reachDehradun at 1250 p.m. and return - leave at 17:00 to arrive Delhi by 22:30

p.m.It has A/C execuive classand ordinary chair. Number of othertrains also connect it to various cities of India.

Kumaon hillsare full of lakes - are known as tals; Mainital, Bhimtal etc.Nainital is a frequently visited hill station and is connected by air from Pant

Nagar - Kathgodam is fail head and is connected again to Delhi and Eastern

India.Kumaon has the famous Corbett wild Life Park, where youcan shake hands with a tigers.

Almora- Rani Khet are the hill station. Her you have a village resort whereyou can go for a complete relaxation.For those wanting a modern healthresort, we have Ananda a world class spa about 45 km from Dehradun. It isreachable from Haridwar and Jolly Grant airport. To be here, you

rejunivate the body and mind - organic food is only served.

Milam and Palamare the Glaciers near the China Border, through Lipu Pass

you go to Kailash and Mansor, our Lord Shiva's adobe in China.Pilgrims go in the month of May - June -July

Details of BanksHoliday Homes & otherguest houses

There are three Holiday Homes, one is at Mussoorie and secondone is at Hardwar and third one is at Nainital.

CBOAs Holiday Home No

Connectivity (by road /rail / air / ship)

By road, by train and by air too.

Places of interests in &around the Region

Places to See in uttarakhandMussoorie

Mussoorie is located 34 kilometer away from Dehradun at analtitude of 2003 meter in the Garhwal hills above sea-level.Mussoorie is a fascinating hill station in India. Major Hindupilgrimage spots like Kedarnath, Gangotri, Badrinath,Haridwar, Yamunotri and Rishikesh are not far away from thisplace.


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Ranikhet

Ranikhet of Uttarakhand won the heart of the queen of RajaSudhardev, Rani Padmini and she chose this scenic spot to beher home. Therefore, it is named so (the queen's field). Itoffers its visitors the best of the Himalayas including thesnowcapped Nanda Devi (7817 meter) and lush green forests

and varied wildlife.

KumaonKumaon in Uttarakhand is a popular tourist destination withsnow-capped mountains, valleys, glaciers, Alpine meadows,lakes, and forests. Along with Garhwal, it is one of the twodivisions of the state. Kumaon is made up of the sixHimalayan districts, namely Almora, Champawat, Bageshwar,Pithoragarh, Nainital, and Udham Singh Nagar.

Nainital in Kumaon: It is located at a height of 1938 meter.Its major attractions are:

o Dorothy's Seato China Peako Hanuman temple

Nanda Devi

In India, Nanda Devi is the second highest mountain. It is aportion of the Garhwal Himalaya. It is situated betweenGoriganga valley in the east and Rishiganga valley in the westwithin the state of Uttarakhand. The mountain peak isconsidered the patron-goddess of Uttarakhand Himalaya.Themajor attraction of Nanda Devi in Uttarakhand is trekking andNanda Devi National Park.

Dehradun

Dehradun nestled in the Doon Valley is a picturesque citywith mild climate. It is the capital of Uttaranchal, and islocated at a height of 2200 feet above sea level. It is apopular tourist destination in Uttarakhand. Dehradun inUttarakhand probably derives its name from GuruDronacharya in the Mahabharat. The famous religious town ofRishikesh, the queen of hills Mussoorie, the renowned sulphursprings at Sahastradhara and a part of Rajaji National Park,the Chakrata hills all lie in this region.

Kausani

It is situated 53 kilometer to the north of Almora. Thespectacular 300 kilometer-wide view of the Himalayas makes


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Kausani a picturesque hill station. Kausani of Uttarkhand islocated above a narrow ridge at a height of 6075 feet abovesea level. Kausani is often compared with Switzerland for itsscenic beauty.

Haridwar

Haridwar in Uttarakhand, 294.70 meters above sea level, issituated along the right bank of the sacred Ganga andcomprises one of the most popular Hindu pilgrimage sites.Haridwar or the 'Gateway to Gods' is termed Mayapuri, Kapilaand Gangadwar. The Ganga enters the North Indian plainshere. Hindu pilgrims and devotees assemble at Haridwar ofUttarakhand to offer prayers on religious occasions.

Haridwar at Uttarakhand also serves as a venue for theKumbh Mela (every twelfth year) and Ardh Kumbh ( everysixth year). However, it is not only the haunt of ascetics andsaints, it is also a focus of arts, science and culture. It holds

industrial importance as it contains one of the biggestindustrial clusters of Uttaranchal- SIDCUL.

A trip to Haridwar is like venturing into a completelydifferent world, where the sparkling waters of the Ganga, thecalm environment, steep mountains, saints offering prayers inashrams, all form a wondrous panorama. Several temples andashrams dot this town.

Pantnagar

Pantnagar is presently famous for housing the first

agricultural university of India. Initially, it was called UttarPradesh Agricultural University, but its current name isGovind Ballabh Pant University of Agriculture & Technology.Pantnagar is situated in the district of Udham Singh Nagar. Itstands at a height of 243.8 meter above the sea level.

Rishikesh

Rishikesh is located about 43 kilometer away from Dehradunand 245 kilometer away from Delhi. Rishikesh stands at aheight of 365 meter above the sea level. The Shivalik range ofthe Himalayas borders Rishikesh on three sides, which adds tothe scenic beauty of this sacred place. It is the beginningpoint of Char Dham Pilgrimage (Yamunotri, Gangotri,Kedarnath, and Badrinath).

Nainital

Nainital in Uttarakhand is a beautiful hill station amidst the


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Kumaon hills, which once served as the summer capital of theformer United Province. Studded with lakes, it was termedthe 'City of 60 Lakes' or 'Chakta'.

The weather is clement throughout the year except winter,when it is quite cold and subject to snowfall. The climate ofNainital depends on the lake here, which causes rain nearly

every afternoon. The most suitable time visit the place isApril to June and September October.

Gaumukh

Gangotri glacier protrudes into the Gaumukh. The BhagirathiRiver, which is a major tributary of River Ganga, hasoriginated from Gaumukh. Hindu pilgrims consider a dip intothe ice-cold water of Gaumukh very holy. Hence it hasdeveloped into one of the traditional Hindu pilgrim spots.

The Gangotri glacier is 2 - 4 kilometer wide and 30 kilometer

long. Gaumukh rresembles a cow's mouth and hence thisplace is called Gaumukh ('gou' means cow and 'mukh' meansface). Gaumukh is located close to the base of ShivlingMountain. In recent times, the glacier has been retreating atavery fast pace.

The distance of 18 kilometer to Gaumukh from Gangotri is tobe covered with the help of ponies or on foot. The trek fromfrom Gangotri to Gaumukh is quite easy and one can returnthe same day to Gangotri. Ponies and porters can be availedat Gangotri.

Auli

Auli in Uttarakhand is situated on the peaks of GarhwalHimalayas and close to the Badrinath religious shrine. It issituated at an altitude of 2,500 to 3,050 meters above sealevel. Auli's slopes are covered by coniferous and oak forests,which offer a spectacular view of the Himalayas. The snowyand rugged terrain of Auli of Uttarakhand is a famous ski-resort and winter resort.


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Officer Bearers of Dehradun Region

Name: J S Chauhan Regional Secretary Mob- 08755032399

Name: I S PARMAR Central Committee

Member

Mob- 09897576005

and

Mob-0412319078

Name: M S Rawat Central Committee

Member

Mob- 09758630181

Name: C S Tomar District Secretary Mob- 09456128589


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Name: P N Bhatt Assistant Regional

Secretary

Mob. No-

09456591163

Name: Manoj Kumar Assistant Regional

Secretary

Mob. No-

09557194351

Miss- Sonika Rawat R C Member Mob.No-

09760883106

I S Chauhan R C Member Mob. No-

08126884989


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Karan Singh R C Member Mob. No-

07895082726

Bakul Gupta District Secretary Mob. No-

08881101857

Name: Manoj Singh District Secretary Mob. No-

09756218301

Architectural details of a Dharmashala, Abhisarika Nayika,

estb. 1822, Haridwar a painting byMola Ram
http://en.wikipedia.org/wiki/Mola_Ramhttp://en.wikipedia.org/wiki/Mola_Ramhttp://en.wikipedia.org/wiki/Mola_Ramhttp://en.wikipedia.org/wiki/Mola_Ram


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TruecallerCaller ID & Block

Take the Right Call with Truecaller

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calls on your mobile phone so that you always have access to the right

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address book

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their contacts and calls!

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(Contributed by Sri V Gopalakrishnan, Prob. Officer, Accounts Section,

Madurai)

Download

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Tech Bits


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Website address:

www.rbi.org.in

MONETARY AND CREDIT INFORMATION REVIEW

October 2014

Simplification of KYC Norms

The Reserve Bank, on October 21, 2014, clarified to all scheduled commercial banks(excluding regional rural banks)/local area banks/all India financial institutions that:

(i) Banks need not seek fresh proofs of identity and address at the time of periodicupdation,from those customers who are categorised as low risk, in case of no changein status with respect to their identities and addresses. A self-certification by thecustomer to that effect should suffice in such cases. In case of change of address of

such low risk customers, they could merely forward a certified copy of thedocument (proof of address) by mail/post. Banks may not insist on physical presenceof such low risk customer at the time of periodic updation.

(ii) If an existing Know Your Customer (KYC) compliant customer of a bank desires toopen another account in the same bank, there should be no need for submission offresh proof of identity and/or proof of address for the purpose.

Fourth Bi-Monthly Monetary Policy Statement, 2014-15

Dr. Raghuram G. Rajan, Governor, announced the Fourth Bi- Monthly Monetary Policy

Statement, 2014-15 on September 30, 2014 in Mumbai. On the basis of an assessmentof the current and evolving macroeconomic situation, the Reserve Bank decided to:

keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at8.0 per cent;

keep the cash reserve ratio (CRR) of scheduled banks unchanged at 4.0 per cent ofnet demand and time liabilities (NDTL);

reduce the liquidity provided under the export credit refinance (ECR) facility from32 per cent of eligible export credit outstanding to 15 per cent with effect from

October 10, 2014;

continue to provide liquidity under overnight repos at 0.25 per cent of bank-wiseNDTL at the LAF repo rate and liquidity under 7-day and 14-day term repos of up to0.75 per cent of NDTL of the banking system through auctions; and

continue with daily one-day term repos and reverse repos to smooth liquidity.

RBI News


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Consequently, the reverse repo rate under the LAF will remain unchanged at 7.0 percent, and the marginal standing facility (MSF) rate and the Bank Rate at 9.0 per cent.

Export Credit Refinance Facilities

The Reserve Bank, on September 30, 2014 advised scheduled commercial banks,

excluding regional rural banks (RRBs) that the eligible limit of export credit refinance(ECR) facility has been reduced from the level of 32 per cent of the outstanding rupeeexport credit eligible for refinance as at the end of the second preceding fortnight to15 per cent effective from October 10, 2014.

Free ATM Transactions on other Bank ATMs

The Reserve Bank, on October 10, 2014 advised all scheduled commercial banksincluding regional rural banks / urban co-operative banks / state co-operative banks /district central co-operative banks that they have to mandatorily provide services totheir customers in other banks ATMs from November 1, 2014, as under:

(i) Not to charge any fees to their savings bank account customers for five ATMtransactions (inclusive of both financial and non-financial) in a month carried out atother bank ATMs irrespective of the location of the ATMs;

(ii) Three transactions (inclusive of both financial and nonfinancial) would be free ofcharge if carried out at other bank ATMs located in six metro centres, viz., Mumbai,New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad;

(iii) If transactions are carried out at both the six metro centres and other locations,the total number of transactions (inclusive of both financial and non-financial) free of

charge at other bank ATMs would continue to remain at five;

Banks are, however, free to offer more number of free transactions per month at

other bank ATMs as well as own ATMs in any geographical location. Banks are also free

to decide on the combination (for metro and non-metro locations) of free transactions

while adhering to the minimum requirements.

CTS - Government Cheques

The Reserve Bank, on September 30, 2014 advised all banks that the date of

implementation of the revised procedure of doing away with the requirement of

returning paid government cheques back to Government Departments concerned, has

been extended by three months to January 1, 2015.


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Suggestions invited for Utilisation of Unclaimed Deposits

The Committee appointed by the Ministry of Finance to examine issues related to

unclaimed amounts lying in various small savings schemes (Chairman: Shri Harun R.

Khan, Deputy Governor, Reserve Bank of India), has invited suggestions/ideas from

general public/senior citizens/welfare organisations and non-government

organisations associated with welfare of senior citizens on appropriate use ofunclaimed amount lying in various small savings schemes in post offices and banks.

Interested persons/organisations may submit their suggestions/ideas to the Joint

Director, National Savings Institute, Government of India, Ministry of Finance, A

Block, 4th Floor, CGO Complex, Seminary Hills, Nagpur440006 or email them to

[email protected], latest by November 15, 2014. The National Savings Institute is

providing Secretarial support to the Committee.

Inter-Bank Hindi Essay Competition: 2014-15

The Reserve Bank has announced three topics for the interbank Hindi EssayCompetition to be held for 2014-15. These are:

Participants may send their essay in Hindi on any one of the given topics. The lastdate for submission is December 31, 2014.

Risk Management and Inter Bank Dealings: Hedging

The Reserve Bank, on September 30, 2014 advised Authorised Dealers Category-I (AD

Category-I) banks that importers are allowed to book forward contracts, under the

past performance route, up to 100 per cent of the eligible limit. Importers who have

already booked contracts up to previous limit of 50 per cent in the current financial

year, shall be eligible for difference arising out of the enhanced limits.

ECB in Indian Rupees

The Reserve Bank, on September 3, 2014 advised Authorised Dealer Banks(Category

I) that recognised non-resident External Commercial Borrowings (ECB) lenders may

extend loans in Indian Rupees. subject to certain conditions.

*******
mailto:[email protected]:[email protected]:[email protected]


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Relax

**Generation Gap

Father used to walk 20 Minutes to save Rs 20.

Son spends Rs 20 to save 20 Minutes.

(Surprisingly both are correct...!!!)

**Cultural Gap

If electricity goes in America they call the power house.

In Japan, they test the fuse,

But In India, they check neighbour's house, "power gone there too....then ok!"

**Sense of Responsibility

A man goes to library and asks for a book on Suicide...

Librarian looks at him and says: "hello, who will return the book?"

**Grandfather to Grandson:

Go hide! Your teacher is coming as you bunked school today!

GRANDSON: YOU go hide.. I told her YOU PASSED AWAY!!

(Contributed by Sri Senthil Kumar, Officer, Alagapuri, Madurai Region)


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IndiaToday.in New Delhi, October 30, 2014

A gang of robbers tunneled their way into thelocker room of the Punjab National Bank's branch

in Gohana town, emptied 89 lockers and escaped

the same way they came. The tunnel was 125-feet

long and seven-feet deep.[The robbery could be almost Rs.100 crore, claim

customers whose lockers were broken into.

The Indian Express dated 30.10.2014

The Police have registered two criminal cases:A

case of burglary registered on a complaint from

bank officials; another case registered against

the bank officials by the owners of the lockers

who alleged that the bank didnt construct the

locker room as per norms of the currency chest;

did not install a steel plate into the floor; and

that the almirahs in the bank were also 60-70

years old.

The Hindu dated October 30, 2014:

The owner of the abandoned house, through which

a 125-feet-long tunnel was dug to the Punjab

National Bank locker room in Gohana, committed

suicide.

Three days after the daring bank heist in Gohana

town in Sonepat, police claimed to have cracked

the case with the arrest of three persons andrecovery of jewellery weighing over 24 kg from

them. Those arrested include Surender, son of Jagdish, Balraj, son of Dharampal and

Satish, son of Ram Krishan, all residents of village Katwal, Sonepat.

Haryana Bank Locker robbery
http://indiatoday.intoday.in/author/IndiaToday.in/1.htmlhttp://indiatoday.intoday.in/author/IndiaToday.in/1.html


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Govt Policies & Guidelines


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**************************


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After conducting the CC

Meeting in a memorable way,

Sri R K Gambir, Regional

Secretary, Gurgaon has

celebrated his 27th wedding

anniversary on 13.10.2014

Sri A K Juneja, Joint

General Secretary

greeting his son Sri

Rishabh Juneja for

having bought a new car

on 18.10.14

Family Gallery
https://www.facebook.com/junejarishabhhttps://www.facebook.com/junejarishabh


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Sri I S Parmar, CC Member,

Dehradun spending time with

his family (Thanks to Work to

Rule)

Restriction on ATM free withdrawals

(Contributed by Sri R R Bagale, DGS, Pune thro WhatsApp)


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TEST YOUR IQ

Life style in India


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Blame it on Facebook


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PATNA REGION

Our G S addressing a general members meeting on 09.10.2014

Photo Gallery


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Chennai Region

Our Gen Secy Sri G V Manimaran inaugurated the new premises of Parandur branch

of Chennai Region on 13/10/2014. GM and DGM of the circle were present on the

occasion. Large no. of customers were also present.


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BRAIN STORMING SESSION ON WAGE SETTLEMENT, PROMOTION AND TRANSFER POLICY

WAS ORGANISED AT CHENNAI ON 19/10/2014. MORETHAN 150 MEMBERS ATTENDED.

OUR GEN. SECY SRI. G V MANIMARAN SPOKE ON THE OCCASION AND CLARIFIED THE

DOUBTS OF YOUNG OFFICERS.


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Trichy Region

A special meeting for POs organized by Sri Rajagopal, RS, Tricy on 29.10.14. 50 POs

participated. V Ramaraj, Editor clarified the doubts of POs on Service Matters.


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Coimbatore Region

Vice President Sri J Vanangamudi explaining the recent achievements clinched byCBOA at the Coimbatore CO unit members meeting held on 09.10.2014


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All the affiliates of AIBOC attended a special district unit meeting held at Coimbatore on

13.10.2014. Our Vice President Sri J Vanangamudi presided over the meeting


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The Indian Express dated 12.10.2014


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friend & guide - oct 2014

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