EDITORIAL BOARD

EditorCom. Walter Lasrado

MembersCom. Vincent D’Souza

Com. G. Govardhan PrabhuCom. B.N. RajajiCom. M. Nagaraj

Corporation Bank Employees’ UnionCBEU Golden Jubilee Hall, 1st Floor,

Opp: Sharada Vidyalaya,P.V.S. Kalakunj Road,

Kodialbail,Mangalore 575 003

Phone: 4279303

Volume No. 21

Issue No. 3

May 2014

For Private circulation only

Views expressed in this Magazineare not necessarily those of

Corporation Bank Employees’ Union

BANK’S PERFORMANCE

Dear Comrades,

Most of the Public Sector Banks (PSBs) have announced their financialresults for the FY 2013-14. As the global economy is not conducive to thebusiness of the PSBs, almost all banks have registered a dip in the profitexcept UCO Bank which has registered a net profit increase of 144.35%.Central Bank of India and United Bank of India have shown losses duringthe FY 2013-14. Bank of Baroda and Indian Overseas Bank were able tosustain profit at the same level of FY 2012-13. The reason for this diminishingprofit is on account of increase in non performing assets. Theshare of restructured advances is also increasing in theaggregate advances. These factors have contributed for higherprovisioning which culminated in diminishing profit. A chart showing theposition of our Bank with various other PSBs in few financial parameters isfurnished in page No. 3.

Our Bank has achieved following milstones during the FY 2013-14.

* Regulatory targets under priority sector, weaker sections and minoritycommunity.

* Crossing major milestone by achieving business target of 300000Crores.

* Crossed net worth of 10000 Crores.

* Gross NPA level at 3.42% as against industry level 4.4%.

Except these areas, performance of the Bank is not satisfactory. On athorough scrutiny of financial results of our Bank, it is observed that our

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Bank is sliding in the position amongst PSBs. Bank is losing investors’ sight. Banks inherentstrength is gradually weakening. Irrespective of our rank and file, it is our duty to analyze thecause for this. If the same trend continues, the appreciation and accolades received by the Bankso far, will become only memories.

Since 2008, Bank’s performance is relying on price sensitive bulk deposits and advances. Asthe Bank has to show growth in business in line with the other PSBs, it is difficult at present tocome out of the bulk business. As a result the Net Interest Margin (NIM) of the bank stood at2.10% for FY 2013-2014 and 1.91% for Q4 of FY 2013-14. The lower level of share of CASAin aggregate deposit has also contributed for the dip in NIM. In spite of several initiatives by theBank, the share of CASA remained at 20.33% as at 31.3.2014.

The average yield on advances is in line with industry level. Any attempt to enhance the yield onthe advance may lead to entry of low rated borrower. Therefore only way to improve the bottomline of the Bank is to decrease the cost of deposits, improve the share of CASA and , enhance theshare of non interest income.

The provision coverage ratio, which was highest amongst PSBs in FY 1997-98 has now droppedto 52.91% and now we are ranked third amongst the lowest in PSBs.

To sum up, the overall performance of the Bank is not satisfactory. Proper strategy needs to beadopted with regard to the following:

* Reduce the share of price sensitive bulk deposit/advances.

* Enhance the share of CASA in aggregate deposit.

* Prevent delinquency through effective credit monitoring systems.

* Recovery/upgradation of the existing NPAs.

* Enhance the share of E-Business.

Comrades, let us strive hand to bring back our Bank to the lost position of No. 1 amongst PSBsand join hands with the Bank in implementing each and every strategy in this regard.

With greetings

Yours comradely,

(Walter Lasrado)Editor

CBEU Herald

3

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FOREIGN WORKERS COME UNDEREPFO RADAR

Foreign nationals visiting India for employmentare now in the radar of the Employees’Provident Fund Organisation (EPFO), whichwants to ensure that Indian PF obligations areduly met. In an innocuous internal memo datedApril 1, the EPFO has directed its regionaloffices to coordinate with the ForeignerRegional Registration Offices (FRRO) locatedin their area and obtain a complete list of allsuch foreign nationals. Currently, all foreignnationals visiting India on business oremployment on visas valid for more than 180days are required to get registered with theFRRO within 14 days of their arrival. Underthe PF Act, factories and establishments having20 or more employees are required to beregistered for PF purposes.

Section 6 of the PF Act requires the employerto make contributions to the provident fundaccounts of each of its employees. Anemployee under the PF Act is defined to includepersons employed “through a contractor in orin connection with the work of theestablishment”. For instance, if an Indiancompany has hired an overseas entity forproviding it expert technical advice or anoverseas entity has sent its employees on shortterm business trips to Indian affiliate. Even asemployees deputed by overseas company arenot employees of the Indian company the lattercould be a ‘principal employer’ andresponsible for their PF obligations.”

Thus, in cases of non-compliance, noticeswould be served by the EPFO on the Indian

LABOUR NEWS company. However, section 8A of the PF Actpermits the principal employer to recover theamount contributed towards PF from thecontractor (which, in this illustration, would bethe overseas company). The only exception tothe above norm would be if the deputedemployee has obtained a certificate ofcoverage under a social security agreemententered into by India. In such cases, the foreignnational would continue to contribute his socialsecurity in his home country and would not haveto contribute PF in India. However, India’ssocial security agreements with only a fewcountries are in force - largely Europeancountries and Korea. India does not have suchan agreement with UK or the US, for instance.On the flip side, Indian techies deputed to theUS have to pay social security there and donot get the benefit of such contributions on theirreturn to India. “It is expected that postcollection of such data, EPFO offices will carryout audits and could serve notices on India Incfor non compliance,” according to sources inthe PF department.

ON-SITE STAFF CAN FILL PF FORMSONLINE

Organised sector employees going abroad foroff-shore work can now fill their PF details onlinefor seeking the Certificate of Coverage - whichattests that the person concerned is coveredunder social security schemes, and get it in threeworking days. Applicants will be able to entertheir data such as names, PF account numbersand the period for which Certificate ofCoverage is required, according to a circularof Employees’ Provident Fund Organisation’s(EPFO). The retirement fund body said thesoftware has been upgraded for the purpose

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allowing applicants to fill data online. This isexpected to eliminate mistakes. The employeesneed to download their applications after fillingit up online and get it counter signed byemployers. The employer would have to submitthe document to the concerned RegionalProvident Fund Commissioner, who will issuethe CoC within three working days. At present,organised sector workers covered under socialsecurity schemes run be EPFO are exemptedfrom contribution towards such schemes inother countries with whom India has signedsocial security agreements. But for availingsuch benefit, they are required to produce CoCto the authorities of the visiting country.Currently, social security agreements with ninenations including Belgium, Germany,Switzerland. etc.

SACKED MARUTI MANESAR WORKERSCLAIM ‘RECAPTURE’ OF UNION

The provisional committee of the Maruti SuzukiWorkers Union (MSWU), consisting mostly ofsacked workers from the Manesar plant afterviolence, in the plant premises in July 2012,have claimed victory in the union elections heldlast week. In a press release, MSWU saidthey had “reclaimed” the union, after twoyears, by winning 11 out of 12 posts. OnSaturday, at a gate meeting, the new electedPresident Pawan Kumar and General SecretarySanjay Kumar, along with the workers andmembers of the Suzuki Power-train IndiaEmployees Union and Suzuki Motorcycles IndiaEmployees Union, also announced the “re-formation” of the union on April 4. “We havewon 11 of 12 seats against the managementinstalled puppet panel in the union electionsApril 4, with a margin of 80 per cent for most

members (of the 1,000 votes polled),” said theMSWU release.

The union said it would struggle for the rightsof all the 2,300 terminated and the 147 jailedworkers since July 18, 2012, demanding thatthey be given “dignity as workers, the right toform a union, and the rights of contractworkers”. MSWU also claimed that the Marutimanagement had recently hired 250 newrecruits from the Gurgaon plant allegedly topit them against the Manesar workers anddisenfranchise the jailed and terminatedworkers. Following the violence in thecompany’s Manesar plant in July 2012 leadingto the death of an HR official, the managementhad terminated the employment of all workers(permanent and contract).

EPFO SET TO CRACKDOWN ONDEFAULTING EMPLOYERS

With over 3,000 crore of arrears in interestand damages, the Employees’ Provident FundOrganisation is set to crack the whip ondefaulters. According to the action planfinalised for FY15, the EPFO has decided tofocus on recovery of such dues from errantemployers. The retirement fund manager hasalso launched a software to identify defaulters.It plans to send notices to all employers thathave defaulted on payments of 1 lakh andabove by the end of the month while fordefaults of lesser amounts, notices will be issuedby June 30 this year. “After the notices areissued, we will take another three months todetermine the exact default. We plan to recoveras much as possible of the pending 3,000crore this fiscal,” said a senior official, addingthat the PF offices have initiated a drive torecover arrears since last year.

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The move would also give a boost to the EPFO’sover 6 lakh crore and help to improve returnsat a time when trade unions have beendemanding an interest rate of at least nine percent on contributions to counter the highinflation rate. For FY14, the EPFO hasannounced an interest rate of 8.75 per cent,which is marginally higher than the 8.5 percent rate prevailing for the previous twofinancial years. Under the EPF Act 1952,employers with over 20 workers are mandatedto deduct and deposit provident fundcontributions in the first 15 days of the month.Under Section 7Q and 14 B of the EPF Act,defaulters have to deposit the pendingcontributions along with a simple interest atthe rate of 12 per cent on the amount as wellas penalty. Defaulters in contribution of PF byemployers can be charged under Sections 405and 420 of the IPC Act and can lead toattachment of property as well as arrest of thedefaulter. The Comptroller and AuditorGeneral in a recent report had also pulled upthe EPFO for delay in recovery of arrears anddues. According to CAG data, total arrearsof the EPFO amounted to 1,723 crore byMarch 31, 2012. Of this, 313.20 crore wasrecoverable from 20,974 establishments.Meanwhile, another 265.75 crore wasoutstanding as damages that were levied butnot realised from defaulting un-exemptedestablishments. Defaulting companies includea number of public sector units such as HMTLtd. (for the period of April 1999 to November2005) as well as private companies such asAhluwalia Contracts (September 2007 toMarch 2009) and Metro Cash and CarryPrivate Ltd. (for the period November 2008 toJune 2012), according to EPFO data.

BANKING NEWS

60% OF BANK DEPOSITS OWNED BYHOUSEHOLDS

A study on the composition and ownershippattern of deposits with scheduled commercialbanks by the Reserve Bank of India (RBI) revealsthat household sector continue to dominatedeposit ownership. As of March 2013, theyowned a shade under 60 per cent of the71,46,600 crore of deposits in banks in the

country. The Government sector owned a littleunder 14 per cent, non-financial corporatesector 12.4 per cent, the financial sector 10per cent and the foreign sector 4 per cent.Within households, individuals (includingHindu Undivided Families) accounted for thelargest share of 77-80 per cent. Thedomination of households was seen across alltypes of deposits. They hold 80 per cent ofsavings bank deposits, 50 per cent of termdeposits, and 40 per cent of current deposits.Interestingly, the study said that deposits offarmers rose by 49 per cent during 2012-13possibly on account of excess liquidity due toacceleration in the minimum support prices invarious food and non-food products during thisperiod. The study also finds that metropolitanbranches dominated deposit-raising over thepast few years.

CANARA BANK SHIFTS TO LATESTVERSION OF WINDOWS

Public Sector lender Canara Bank hascompletely migrated from Windows, XP,moving around 33,000 PCs to modern versionsof Windows operating system. The bank,realising the potential security vulnerabilitiesand monetary hazards, switched to modern

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Windows before support ended on April 8.Though security was the biggest reason for theswitchover, other reasons included non-availability of drivers for external devices suchas printers, scanners and biometric machinesif they remained on XP. “We want to ensuresmooth and streamlined customer experiencewithout any stoppage in day-to-day bankingoperations. “By shifting our entire base ofaround 33,000 PCs to modern Windows,we have overcome potential challenges ofcompatibility with modern hardware, softwareand applications”, said RK Dubey, Chairmanand Managing Director, Canara Bank.

FM WON’T SPLIT BANKS’ CMD POST

The finance ministry has turned down theReserve Bank’s proposal to bifurcate the postof chairman and managing director in publicsector banks saying this position doesn’t enjoyabsolute powers as is being claimed by someinternational experts. Rejecting the RBI’sproposal to restructure the board of PSU banks,the finance ministry in a communication to RBIgovernor Raghuram Rajan said “the board isheaded by CMD (but that) does not mean thatCMD enjoys absolute power and the board ofthe bank is subservient to CMD”. The financeministry said this in response to the RBI’scontention that CMD’s of public sector banksenjoy absolute power along with boards. Thecentral bank, according to sources, had alsosaid CMD’s often dominate the board duringtheir tenure and therefore it recommended thatthe post of CMDs be separated to empowerthe board. However, the finance ministry saidthe board is a collective decision making organthrough which major decisions are

implemented and to say that CMD enjoysabsolute power is not factual.

OFFICERS’ BODY FOR SETTING UPAUDIT COMMISSION FOR PUBLICSECTOR BANKS

The All India Bank Officers’ Association hasurged President Pranab Mukherjee to set up aBanking Audit Commission on the lines of theComptroller and Auditor General of India(CAG) for the entire banking system. Voicingconcern over the rising incidence of bad loansin the sector, the AIBOA has said theresponsibility of auditing the accounts of publicsector banks must be given to an externalauthority/ committee consisting of memberswith proven integrity and moral standing. “Thisaudit should be done for the just ended fiscaland within a fixed time schedule. The reportshould be submitted to the President,” AIBOAGeneral Secretary S. Nagarajan told BusinessLine, adding “the mess which we are in todayis not because of something that has happenedin the recent past. It started in the early 90s.”

Endorsing the RBI’s observation on thecommittee method of sanctioning loans, theassociation has sought to make every memberof the committee accountable, together with theChairman, the Government representative andthe RBI nominee for their failure to checkdeviations during their tenure, as a result ofwhich such sanctions had turned bad. Urgentsteps need to be taken to declare thosedefaulters with sufficient resources to clear theirbank dues as ‘wilful defaulters under criminalprocedure code’, the AIBOA General Secretarysaid. Bank loan defaulters must also beprohibited from contesting in elections, at anylevel, the association has urged. Sharing bank-

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wise details of bad loans and the amountswritten off by the banking system year afteryear since 2007, Nagarajan appealed to thePresident to urge Indian Banks’ Association topublish the caution list on bi-monthly basis forthe benefit of member banks.

CO-OP BANK STAFF CAN’T BE USEDFOR POLL DUTY : HC

In a significant order, a division bench of theHigh Court has ruled that the ElectionCommission (EC) cannot requisition the staffof cooperative banks as the former does nothave authority under the provisions of TheRepresentation of the People Act over thecooperative banks. The bench comprisingJustices M R Shah and R P Dholaria passed ajudgement in this regard while allowing apetition moved by the authorities of BhavnagarDistrict Co-operative Bank Ltd. As per thedetails, the chief electoral officer (CEO) ofGujarat had on September 3, 2013 passedan order asking the authorities of BhavnagarDistrict Co-operative Bank Ltd to furnishinformation regarding the staff members of thebank across the state to the concerned districtelection officer so that the bank staff could berequisitioned for election duty during 2014 LokSabha elections.

The bank authorities challenged the order ofthe CEO on several grounds that included thatthe bank is getting financial assistance neitherfrom the Central Government nor from the StateGovernment. They also argued that the bankcould not be considered as the institution thatcomes under the powers of the EC. The bankauthorities also argued that if their staffmembers were requisitioned for election duty,the bank’s activities would be adversely

affected. HC has allowed the petition whileobserving, “... we agree that the ElectionCommission would require the staff for electionduty which would be in the larger public interesthowever, when it is found that the ElectionCommission lacks total authority and/or powerto requisition the staff of the petitioner ...Bank,we have no other alternative but to allow thepresent special civil application and grant therelief as prayed for.” The counsel for the CEOof Gujarat had demanded to stay the order asthey wanted to challenge it at the higher forum.Though, the court dismissed the same on theground that staying the order may render thepetition infructuous.

PUBLIC SECTOR BANKERS PLAN TO ASKFINANCE MINISTRY FOR 5-DAY WEEK

Executives from State-owned banks seemdetermined to prove to the Finance Ministrythat a five-day work week is feasible in thebanking sector. While the ministry turned downbankers’ earlier feelers to this end, the bankersintend to knock on its doors with a cost-benefitanalysis for a five-day week. The ministry hascontended in the past that the cause of financialinclusion would suffer with a shorter week, butbankers feel that in this age of moderntechnology, a bank is accessible to customers24/7 via alternative delivery channels such asATMs, the internet, mobile commerce andbusiness correspondents. Financial Inclusionrefers to mainstream banks ensuring all sectionsof society, in general, and vulnerable groups,in particular, have access to financial productsand services at an affordable cost, in a fair,transparent manner.

According to a top public sector bank official,the Indian Banks’ Association will carry out a

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cost-benefit analysis of the five-day work weekpattern and the same will be placed beforethe ministry for its consideration. A trade unionofficial wondered why bank employees shouldbe denied the benefits of a five-day week whenCentral Government employees have beenenjoying them for nearly three decades. Toincrease efficiency in administration, the UnionGovernment had introduced the five-day weekin 1985, increasing daily working hours duringthe five days by an hour. According to RBIdata, there were 11,75,149 employeesworking in 169 scheduled commercial banksin the country as of March 2012.

COURT RULES RBI AS SOLE BAD LOANREGULATOR

The Reserve Bank of India (RBI) will now havethe sole power to determine the period of non-repayment of loan after which an account canbe classified as “non performing asset” –accounts that do not fetch any return for thebank. The Gujarat High Court in a rulingrestored the power of the central bank andruled that other regulators would have no roleto play in the matter. Until now, housing financecompanies and cooperative societies couldcome under the ambit of their respectiveregulators as well besides the RBI. PowerFinance Company, which also lends forprojects, came under the ambit of a separateregulator. As per the RBI guideline until 2004,a loan account was considered NPA if therehas been no repayment for a period of 90days while for non-banking financialcompanies it was 180 days.

In 2004, the Securitisation and Reconstructionof Financial Assets and Enforcement of SecurityInterest (Sarfaesi) Act was amended and the

financial institutions became free to have theirown regulations on NPA, and individual firmscould decide on the time period of non-repayment after which an account could beclassified as non-performing. “All entitiescovered under the definition of ‘bank’ includingthe cooperative banks have powers to enforcesecurity interest under section 13 of the Sarfaesiact, which has already been upheld by theSupreme Court in the Maria Chemicalsjudgment .. The Gujarat High Court judgementgoes against the spirit of Sarfaesi Act, apartfrom being based on improper reading ofSarfaesi Act,” Manoj Kumar, legal expert andmanaging partner, Hammurabi and Solomonsaid.

COURT STAYS CURBS ON FOREIGNTRAVEL BY BANK OFFICERS

The Madras High Court has ordered an interimstay on a recent circular that took away leavetravel concession facility to bank officers forjourneys abroad. “Having regard to theundertaking given by the petitioners and havingregard to the rules position, there shall be anorder of interim stay until June 12, 2014,”Justice S. Nagamuthu observed. This was inresponse to a writ petition moved by the AllIndia State Bank Officers’ Federation, Chennai,and All India Bank Officers Federation, NewDelhi. The petitioners had sought an interimstay on a contentious circular of April 7 by theChief Executive, Indian Banks’ Association (IBA)read with the e-circular dated April 15 byChairman, State Bank of India (SBI).

Representing the unions, D. Thomas FrancoRajendra Dev gave an undertaking that if aninterim stay is granted and later if the writpetition is dismissed, the amount paid to cover

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foreign/overseas travel to officers will berefunded by the individual officers concerned.The counsel for petitioners cited specificprovisions of leave travel/home travelconcession rules to substantiate their argumentagainst the circular. But without makingamendment to the said rules, SBI had issuedthe impugned letter saying that officers shallnot be entitled to travel abroad as part of leavetravel concession facility. Counsel argued thatit was not permissible for respondents to with-hold a right guaranteed under the statutory ruleand available to members of petitioner unions.In fact, the unions had demanded furtherliberalisation of the facility in a charter of

demands submitted in the current bipartitenegotiations.

At no point of time had the IBA indicated anypossibility of withdrawing the existing facility.But the Department of Financial Services,Ministry of Finance, forced it into doing exactlythis and a communication was sent to all banks,including SBI. SBI acceded to demands topermit those people who have alreadypurchased tickets to proceed on leave travel,petitioner Rajendra Dev told Business Line. “Butthere are many who had got the sanction butwere not allowed to purchase tickets. Withthe stay order they can proceed now”, he said.

BRANCH VISIT

BELGAUM

Com. Vidyadhar Kori, Asst. Secretary, Com.Ashok Chandodi, EC member, and Com. SyedGazi Salahuddin EC member, visited variousbranches located in Belgaum Zone on 30th &31st December 2013. The first in the Itinerarywas Nippani branch, where a branch meetingwas conducted and comrades from nearbybranches like Khadaklat, Sankeshwar, Adi,Soundalga, Naulihal, Markumbi etc. attendedit. The next day a branch meeting wasconvened at Bailhongal branch premises, andmembers from Belwadi, Murgod, Gokak,Khodanpur, attended the meet.

In all 20 comrades attended the meeting @Nippani and another 18 comrades @Bailhongal Branches, Com. Kori has touchedupon the topics such as the banking sectorreforms, outsourcing, mergers etc weredeliberated upon at length during the speech.Issues pertaining to our comrades were

resolved, Bi-partite developments at IBA levelwere also briefed. Apart from the above Com.Kori stressed upon the members of our unionthe importance of being united in our fightagainst the injustice, exploitation of workingclass etc. Then the achievements of our unionwere also highlighted along with the ethics &Tenets on which our Union stands.

Various issues concerning the workmen, branchmatters, customer service, and business growth,clientele expansion etc., were discussed atlength. During the visits, we noticed that thenew branches like Adi, Soundalga, Naulihal,Muglihal, Markumbi et., do not have cashcounters, Nippani branch cash counter beingvery low, counting machine and passbookprinter of Belwadi branch, Cash remittanceproblem of Muglihal branch, Non availabilityof account opening form for SB/KCC andpassbook printer at Naulihal branch, clarityissue of CCTV camera at Nippani branch,Intranet facility not available for all thecomrades, Leave problems, medical and TA

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bill issues, late sitting by members of our union,pending issues regarding confirmation ofprobationary clerks, shortage of staff @khodanpur branch, Cash counting machine &fake note detection machine not beingprovided in Bailhonga branch, Sub-staffempanelment, sub-staff postings, PTS issues etc.The above issues, problems pertaining to theworkmen were noted and immediate stepstaken to resolve in the better interest of thecomrades.

Apart from the above Yellur, Yadwad, Muglihalbranches were also visited.

Finally, Com. Kori thanked the gathering forextending their support and solidarity towardsthe union and also congratulated all themembers for making the 18th December 2013All India Bank Strike a grand success with100% participation.

Minutes of Zonal Consultative Committeemeeting held with the representatives ofCorporation Bank Employees’ Union (CBEU)

Venue : Zonal Office - AhmedabadDate : 10.03.2014 (11.00 A.M.)

Present

Representatives from ZO - Ahmedabad

Shri. U.C. NayakDeputy General Manager

Shri. K. VittaldasAssistant General Manager

Shri P.V. Hemachandra RaoSenior Manager (Personnel)

ZCC MEETING

AHMEDABAD

Representatives from CBEU

Shri. Navneet H. JadiaJoint Secretary, CBEU

Shri. Jaydeep K. ShahAssistant Secretary, CBEU

Shri. Vinod ChristianE.C. Member, CBEU

Proceedings of the Meeting

Shri. P.V. Hemachandra Rao, Senior Manager(Personnel) welcomed Shri U. ChandrakanthNayak, Zonal Head, Ahmedabad Zone, Shri.Vittaldas, AGM and representatives from CBEUfor the Zonal Consultative Committee [ZCC]meeting for the quarter ending March, 2014.Shri Rao apprised the members about the actiontaken by the Bank on the suggestions made bythe representatives of CBEU during the lastquarterly ZCC meeting.

Shri. Vittaldas, AGM, briefed the membersabout the progress of the Zone in the branchexpansion front. He conveyed to the membersthat Ahmedabad Zone is planning to open 20branches during the current FY - 2013-14 andinformed that including two branches viz.,Kuvara and Madhi branches opened on 8thMarch 2014 so far the Zone has opened 4branches in unbanked centres. He alsonarrated the different stages under which thebranch opening is progressing. He expressedconfidence that the Zone will open newbranches as per the Corporate Office call.

Shri. U.C. Nayak, Zonal Head, complimentedthe staff of Ahmedabad Zone for showing allround progress. He also expressed happinessover the cordial industrial relations that existsin the Zone. He has explained the membersabout the branch expansion plan that is inprogress. He stated that the Zone has

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accomplished its quota of opening 25%branches in unbanked areas for the currentFY-2013-14 and thereby in other choicestCentres the branch opening can be taken upon priority basis. As regards business of theZone, Shri. U.C. Nayak informed the membersthat though the Zone is comfortable in reachingsix to seven parameters, there is a challengein achieving targets of Agri/SME/Retailbusiness. He expressed serious concern overraising NPA portfolio and requested forcollective action in bringing down the NPAs ofthe Zone.

Responding, Shri.Navneeth H. Jadia, JointSecretary, CBEU, assured that their fullest co-operation will be extended to him for makinghis ambition and vision as reality.

During the discussions, the representatives ofCBEU made the following suggestions:

- Domain migration issues at Branches

- 16 digit number in ATM card

- Debiting of cheque return charges

- Issues related to P 2 F Session in CTSclearing operations.

- Filling up of vacancies of PTS/TemporaryPeon vacancies

While assuring suitable action on the issuescome up for discussion as above Shri. U.C.Nayak, Zonal Head, directed the officials ofZO-PAD, Ahmedabad to complete theprocesses of filling up of vacancies of PTS/Temporary Peon in the existing branches byJune 2014 and advised to fill up vacancies of6 to 7 branches during the current financialyear itself.

The meeting concluded with the Vote of Thanksproposed by Shri P.V. Hemachandra Rao,Senior Manager (Personnel), Zonal Office -Ahmedabad.

BELGAUM

The ZCC meeting for the quarter ended March2014, was held on 24th March 2014 @ ZonalOffice Belgaum. Sri. A.P. Suresh, DGM, Sri.Ram Mohan Baliga, Chief Manager, and PADAsst. Manager Sri. Tamil Kumar representedthe Management, while our beloved unionwas represented by Com. Vidyadhar Kori,Asst. Secretary, Com.Ashok Chandodi ECmember and Com. Syed Gazi Salahuddin.Sri. Tamil Kumar gave a formal welcome note.

The Zonal head raised concerns about the nonimprovement in CASA growth, and the everrising NPA’s and sought suggestions andsupport to improve the CASA growth andurged the need for monitoring the borroweraccounts from slipping into NPA’s, and alsoinitiation of steps to recover sticky loans. Evenhe passed on the message of our CMD’srequest to bring down the NPA’s. He wasalso concerned about the mounting CD ratioand the chances of Credit overtaking theLiability side.

Com. Vidyadhar Kori, congratulated andappreciated the good work done by the zoneand also assured our full support in taking thezone to further glory. Com. Syed GaziSalahuddin suggested that installation ofEDC/POS machines on a large scale willimprove the CASA, and also suggestedvarious measures to improve customer service.Com. Ashok Chandodi discussed the problemsrelating to local deputation of clerks, inBelgaum city.

Sri. Tamil Kumar administered vote of thanks.