canara bank retired officers’ association (regd.)cbroa.co.in/pages/n b jan 2019.pdf · "god...

CANARA BANK RETIRED OFFICERS’ ASSOCIATION (Regd.)(Registered under Trade Union Act 1926) (Affiliated to AIBPARC)

1 & 70, First Floor, 9

Phone: 080

CBROA / News Bulletin / January/ 2019

Wishing all Our Members & their Family a very Happy & Prosperous New Year.

A G Kulkarni

Chairman

Dear Friends,

We are on the threshold of yet another New Year adding one more year to our age. On December 31st

we bid a fond farewell to a close friend who would have lived with us through thick and thin every

ticking moment of our life for a whole

friend with a contract of a full year's stay with us. An excitement is born in our heart. How are we going

to welcome this new friend? With nothing less than

to our self. It is time to say cheers to a New Year and a fond farewell to the old.

1

CANARA BANK RETIRED OFFICERS’ ASSOCIATION (Regd.)(Registered under Trade Union Act 1926) (Affiliated to AIBPARC)

Registered Office:

1 & 70, First Floor, 9th

Main, Jayanagar III Block, Bengaluru – 560050

Phone: 080 – 26640003 Email: [email protected]

/ News Bulletin / January/ 2019


A G Kulkarni K B Ballur A N Krishna Murthy

Chairman President General Secretary



ticking moment of our life for a whole calendar year. On the threshold of a New Year we get a new


to welcome this new friend? With nothing less than an open mind, an open heart and open arms, we say

. It is time to say cheers to a New Year and a fond farewell to the old.

CANARA BANK RETIRED OFFICERS’ ASSOCIATION (Regd.) (Registered under Trade Union Act 1926) (Affiliated to AIBPARC)

560050

Date: 01.01.2019


A N Krishna Murthy

President General Secretary



e threshold of a New Year we get a new


open mind, an open heart and open arms, we say

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Looking back, we have, so far, welcomed many such friends. Going down the memory lane, we are ready

to say that the colour of this 'welcoming' gesture has been changing over the years. In our childhood it

burst with lot of fun, gifts and sweets, song and dance, creating a fairyland atmosphere. In teen age and

later, it bloomed with heady hues of hopes and aspirations. There were dreams and doubts that were

always accompanied by a grim determination to travel well the long, at times paved, at times pebbly

path that lay ahead. Then came the mid-life years with their wishes and woes, with some dreams

fulfilled, some not, some doubts cleared, some not. The 'welcome' was not spirited as before. Would life

begin to be a burden in more ways than one?

Travelling along the path of maturing years, however, the hues mellowed. They began to regain their

luster. A happy remembrance of earlier time added colour. Attitudes metamorphosed and outlook

changed focus. There appeared more medical problems. But the courage to handle them gained

strength. The focus, elevated to something meaningfully higher, brought peace and a prayerful aura.

There was no need to dream. Just flowing with the stream with a sense of security that the banks

provided was satisfying. It was time to look ahead at the rolling waves of the sea and remember with the

serenity that we would soon merge into it and rest in the lap of its abundance.

We get ready to welcome our dear friend, Mr.2019 with excitement, with the confidence that he and we

will go hand-in-hand to appreciate the full worth of our togetherness. Our friend gives us just one day at

a time. That well spent will make our next day good. We cherish every moment for all its worth. This will

teach us to live for the present with an attitude of joyous mindfulness. When we put this into practice

we develop a tranquility that we would disseminate to our surroundings and build a peaceful society

with a happy, healthy heart.

Swami Chinmayananda exhorted us to profuse more than what we consume and to give more than

what we take. This year let us resolve to produce smiles, showering love and dealing with the world with

compassion.

It stands to reason that our new friend will come with his package of problems. But every problem

comes with a solution. Let us learn to recognise it. We are aware, we can use our free will to some

extent beyond which we will learn to accept. Let us remember to close each day with a small prayer;

"God give me the courage to change the things I can, the strength to accept those I cannot, and the

wisdom to know the difference." Counting our blessings all the way, we will tread the New Year sans

remorse, sans regret. Cheers to a better life and a bright future. Let us remember that beyond darkness,

there is a silver lining. Hang on to the hope till the end to see brightness.

Wishing you and all the members of your family a new year rich with the blessings, love, joy, warmth

and laughter. Wishing you good health, happiness and success in the coming year and always.

HAPPY NEW YEAR - 2019

HAPPY MAKARA SANKRANTHI / HAPPY PONGAL / HAPPY UTTARAYANA / HAPPY LOHRI / HAPPY MAGH

BIHU/ HAPPY KICHERI FESTIVAL

Yours sincerely,

A N Krishna Murthy,

General Secretary

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CBPRO & AIBRF News: *Representation to Hon’ble Prime Minister by CBPRO & AIBRF on the issues of

Retirees in the banking Industry: (AIBARC cir 111/18 dated 24.12.2018)

17.12.2018

To Shri Narendra Modi ji,

Honourable Prime Minister of India,

South Block New

Delhi

Honourable Sir,

Sub: Pending issues of Bank Pensioners and Retirees.

We on behalf of CBPRO (Coordination of Bank Pensioners and Retirees Organisation) and AIBRF (All

India Bank Retirees Federation) representing the entire community of Bank Retirees and Pensioners

(100%) have been pursuing with the Government and Ministry of Finance and IBA for resolving the

following long pending issues of Bank Pensioners and Retirees for which we have written to your

goodself on several occasions and submitted detailed memorandum:

1 Pension Updation (Pension Revision); 2. Revision in Family Pension in line with Government and RBI

Pensioners; 3. 100% D.A. Neutralisation to pre-2002 retirees; 4. Pension @ 50% of the last drawn Basic

Pay to all SBI employees and officers; 5. Removal of anomalies in Fixation of Pension in SBI including

Commutation at par with Industry and reckoning Probationary period of service for Calculation of

Pension; 6. Defined Benefit Pension Scheme to those who are recruited after April 2010. 7. Pension to

Resignees with pensionable service; 8. Full reimbursement of medical insurance premium as extended

to serving employees; 9. Reckoning special allowance component of pay for gratuity and pension;

10.Negotiating rights in regard to pensioners and retirees issues with Indian Banks

Association/Government; 11.Implementation of all Supreme Court Judgements for pensioners and

retirees of all Private and Public Sector Banks; and 12.Enhancement of gratuity to Rs. 20 lakhs w.e.f.

01.01.2016 as in the case of Central Government employees.

2 Since there has been no resolution in sight of our pending issues, the Bank Pensioners and Retirees

are thoroughly disappointed and agitated. Accordingly our Organisations have decided to hold Dharnas

and Demonstrations at all important centres including State Capitals throughout the country from

01.12.2018 to 15.01.2019 and many centres like Bangalore, Trivandrum, Ernakulum and Kolkata have

already held Dharnas. The demonstration programme also includes a massive Dharna at Jantar Mantar

on 08.01.2019 followed by a march to Parliament in the afternoon on the same day. We also wish to

submit a detailed memorandum to your goodself again on the same day. We as Senior and Super Senior

Citizens having served the country for several decades shall be grateful if suitable arrangements are

made receiving our memorandum around 02.30 p.m. at Parliament House or at your office. It is

reiterated that all our financial demands are not only legitimate but also can be met out of the statutory

funds created for the respective purposes including contributions by us by way of surrendering

Provident Fund. It is also pertinent to bring to your kind notice that Pension Funds of all the Banks put

together aggregates to more than Rs. 3 lakh crores and annual disbursements towards pension and

family pension are not even 40% of the annual yield and contributions to the fund. It is thus clear that

resolution of our demands will not cause any extra burden on the Balance Sheets of the Banks.

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Unfortunately Indian Banks Association and other vested interest groups are thoroughly misleading the

Government about cost implications and denying us of our dues in violations of Pension Regulation

35(1) which clearly provides for Updation of Basic Pension and Additional Pension. In utter disregard to

the National Litigation Policy of the Government, the Senior Citizens and Super Senior Citizens are being

driven to seek judicial recourse at a heavy cost in terms of time and money in the evening of their life.

3 Honourable Sir, we are confident that with your goodself at the helm of affairs of the Government, the

Senior Citizens and Super Senior Citizens who have wholeheartedly contributed for the economic

growth and social upliftment of the people of the country by implementing all the schemes,

programmes and policies of the Government during last five decades, including Financial Inclusion,

PMJDY, Mudra, Skill India, Start Up India, Make in India, Demonetisation and other programmes, shall

get justice at your hands. With regards,

Yours faithfully,

Sd/-

(A.Ramesh Babu) (K.V. Acharya) (S.C. Jain)

Joint Conveners, CBPRO General Secretary, AIBRF

*CBPRO & AIBRF Joint Action Programme: Country wide Dharana &

Demonstrations. Massive Dharna cum Demonstration programmes implemented with terrific enthusiasm in different

state capitals at the joint call of CBPRO & AIBRF

Report from Kerala State Committee: A massive Dharna was conducted at Thiruvananthapuram in front

of the branch of IOB, MG Road on 1st December, 2018. Representatives of the constituent organsiations

of CBPRO and AIBRF participated in massive numbers. The programme was inaugurated by Com. Benoy

Viswam Member of the Parliament. A state level joint committee has been constituted with

representatives of different organisations who will be deciding different programmes at different

centres of the state. The joint demonstration has been hailed by a wide cross section of pensioners and

retirees in the state,

Dharana At Ranchi: A mass Dharna programme has been very successfully implemented by Jharkhand

state committee. The Dharna was held near Governor’s house at Ranchi on 8th December, 2018 and 250

members participated in the programme. The leaders of all the constituents addressed the gathering.

Massive Dharana at Bengaluru: A historic gathering of bank pensioners and retirees was organized on

7th December, 2018 in front of the Town Hall of Bengaluru. More than 3000 pensioners participated in

the Dharna. It was really encouraging to see that some old men above 80 years of age remained present.

The attendance of lady members was appreciably high. The huge gathering was addressed among

others by Com. Santha Raju, President, CBPRO, Karnataka state unit, Com. K. Viswanath Naik, GS, AIBRF,

Com. K.B. Ballur, Working President, AIBPARC, Com. A.N. Madhusudhan, President, FORBE and very

senior leaders of AIBPARC Com. M.R. Gopinath Rao and Com. A.N. Krishnamurthy.

Massive Dharana & Demonstration at Kolkata on 12.12.2018: It was a great day for the Pensioners &

Retirees of the Banking Industry in the city of Kolkata. The place of gathering appeared to be insufficient

and the huge assembly of swelled to the adjoining road and the line of traffic was virtually reduced to a

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single narrow lane. The gathering by any estimate was very near 3000 & they were there till 5 PM. The

assembly was presided over by Com. Debesh Bhattacharya , a senior leader of AIBRF. The other

speakers included: Com Tridib Narayan Choudhary and Com. Suprita Sarkar (Both of AIBPARC), Com.

Ashok Dutta and Com. D K Basu (both of SBIPA) and Com. Ruidas Debnath and Com. Jayanta Ray (both

of AIBRF).

A massive Dharna Programme is planned for 07.01.2019 at Jantar Mantar New Delhi, followed by a

march to Parliament and submission of the Joint Memorandum on our pending issues to the

Honourable Prime Minister of India.

CBROA News: *Vellore Unit Members Meeting: (Mr Bhoopalan, RS)

A General Meeting of our Vellore Unit was organised on 16.12.18 at R.O. Vellore Premises . The Meeting

was presided by Sri L M V Devakumar, our Senior Member. The Meeting was started with Invocation

song by Smt. V . Sumathi, Smt. C. Lakshmi, Smt. M. Selvi and Smt. R. Easwari. K. Bhoopalan , the Regional

Secretary, welcomed the gathering and the new Members Sri Jayaraman, Manager retired and Sri K

Natarajan, Senior Manager retired. Also he welcomed Sri Kuppusamy , retired Chief Manager, from

Tiruvannamalai .

The meeting was addressed by several members. Sri K Elangovan , Senior Manager retired spoke on the

issues of Retirees and Viz Improvement in Family Pension, 100% DA Nuetralisation, Updation…etc

informed the members latest development on the above issues. Sri M. Kartikeyan, retired Manager

spoke on the gratuity issues. Many speakers spoke about the well conducted Mangalore Conference &

also about the resolutions passed at the delegate session. Sri L M. V. Devakumar spoke about positive

thinking and Communication Skill.

R. O. Vellore AGM Sri D Thilagarajan and Senior Manager Sri M Dayanidhi also participated in our

Meeting. Sri Thilagarajan appreciated the efforts of CBROA in resolving various issues of the Retirees.

He requested our Members to become as a DSA (Direct Selling Agent) and to help our Bank in recovering

NPAs. He also requested our Members to guide the youngsters in the Bank about Systems and

Procedures. The Meeting ended with Vote of thanks by Smt. V. Sumathi and with Lunch.

*Members Meeting at Dehradun: On 17/12/2018, CBROA, Dehradun unit conducted the general meeting of the members. 27 members

attended the meeting. The meeting started with address of Sri V K Kathuria, ex OGS of CBOA. He

welcomed the new members Sri Kunwar Singh Chauhan, Sri T P Sharma, Sri R K Bhatia & Sri M S Rawat.

Apollo Munich Health Insurance representatives who had attended the meeting informed about their

Health Insurance Scheme. They also clarified the queries raised by members.

Mr. S K Ghai, AGS in his address shared the gist of important events of XI Biennial Conference at

Mangalore with the members. He informed in details of all the issues raised / resolution passed in the

conference. He also informed about the formation Legal Fund to fight the Updation case in the High

Court & appealed to members to contribute generously to legal fund.

The meeting ended with the vote of thanks of Sri S.P.Arora and followed by lunch. (Mr S K Ghai, AGS)

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*Members Meeting at Aligarh: (Mr Vidhumohan, DGS)

A meeting of CBROA general members was conducted at Aligarh Main branch on 18.12.2018.

The meeting started at 5.00 pm with the welcome speech by newly elected Regional Secretary, Mr. O. P.

Gaur. He informed the house about the elevation of AGS, Mr. Vidhu Mohan to the post of DGS in the

recently held biennial conference at Mangalore to the thundering applause of members.

The DGS, Mr. Vidhu Mohan informed the house about the proceedings of the CC Meeting on 30.11.2018

at Mangalore. He appraised the members about the suit filed by our CBROA in Karnatak High Court on

the issue of pension updation. The house unanimously agreed to extend financial support to the

Association. The house was also informed about the paper presented in the CC Meeting on

enhancement of Taxable limit of Leave Encashment on attainment of superannuation.

Mr. M. L. Bansal and Mr. Kanchhi Lal also shared their experience of the conference and lauded the

excellent boarding and lodging arrangements there coupled with the courteous & polite behaviour of

the volunteers.

Mr. C. P. Gupta, a veteran member deliberated on the Insolvency & Bankruptcy Code 2016 &

amendments 2018 and informed the members that this is a very handy enactment which has resulted in

NPA recovery of 1.25 lakh crores from the corporate sector besides a recovery of 1.75 lakh crores

recovery in MSME sector.

Mr. Atul Singh Regional Secretary, CBOA, expressed his happiness on the way the meeting was

conducted. He also appreciated that the senior colleagues are still keeping themselves abreast of the

latest developments in and around banking industry. He assured to extend all help to the retirees in any

& every possible manner.

At the proposal of the RS, regional committee was formed, with the approval of the house, as under:

1. Mr. S. N. Agarwal, Regional Chairman, 2. Mr. O. P. Gaur, Regional Secretary, 3. Mr. M. L. Bansal, Asst.

Regional Secretary, 4. Mr. D. R. Agarwal, Asst. Regional Secretary, 5. Mr. Netra Pal Singh, RC Member

6. Mr. Kanchhi Lal, RC Member, 7. Mr. K. B. Varshney, R. C. Member, 8. Mr. Sushil Verma, RC Member

The Regional Chairman Mr. S. N. Agarwal summed up the day’s proceedings. Mr. Kanchhi Lal proposed

Vote of Thanks. Donation collected from members Rs 18000/- credited to Legal Fund account

*Meeting of Office bearers at Delhi: (Mr U K Kumaria, Vice President)

Newly elected Vice President Mr Umesh Kumar Kumaria called a meeting of Office Bearers of Delhi on

24.12.2018. All the office bearers attended the meeting, except Sh. S N Sharma, due to his

preoccupation. The following issues were discussed. Present scenario of Banking Industry

was discussed and special thrust given to undernoted issues:

a) Membership mobilization of NON-Members. b) Recovery of subscription arrears.

c) Strengthening the Central Leadership for ensuing legal battles by contributing generously in legal fund

by members. d) To hold bi-monthly meeting of Office Bearers from Jan. 2019 to

review the progress.

All the Office Bearers were entrusted to accomplish the above task, area wise. It was emphasised to

have proper coordination among all Office bearers so as to achieve better results.

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*Mr Gopal Pattanaik, DGS of CBROA elected as Working President of AIBPARC,

Odisha State Committee: AIBPARC Odisha state committee triennial conference was held on 17.12.2018 at Bhubaneswar. Com.

Suprita Sarkar, General Secretary of AIBPARC was the Chief Guest & addressed the gathering. In the

end election of new Office Bearers took place & Mr Gopal Pattanaik, DGS of CBOA was elected as

Working President of AIBPARC, Odisha State Committee. CBROA Regional Secretary, Mr S K Khatua, Mr

RVVP Pattanaik and Mr P K Das were elected to state committee.

*Members Meeting at Kolkata: (Mr Swapan Haldar, RS)

Kolkata Region of CBROA members meeting held on 28.12.18 at Kolkata. The meeting was attended by

47 members & presided by Sri Shyamalendu Saha, ex GM. Mr Suprita Sarkar, GS, AIBPARC was the chief

guest. Sri Shyamal Sinha, AGS, CBOA was special invitee and he also addressed the gathering. The

meeting started at 5.30 pm and ended at 8.15 pm. The office bearers, Sri A R Rakshit, DGS, Sri R N

Mondal, CC member and Sri Swapan Haldar, RS have deliberated in the meeting.

Sri Suprita Sarkar in his speech informed the present situation in banking industry & with regard to

retirees issues, informed the steps taken by AIBPARC to resolve them soon. He also clarified the

member’s queries about pension Updation and IBA medical insurance policy. Sri Shyamal Sinha apprised

the members about the stand of AIBOC with regards to pension and other related issues in the bipartite

negotiation with IBA. We the office bearers reported the XI Biennial conference proceedings and

requested the members to contribute generously in the legal fund. The meeting was very

enthusiastically participated by all the members and ended with vote of thanks by Sri B C Pramanik, ex

AGM.

*Members Meeting held at Vijayawada: (Mr Phaneendra, CC member) The meeting of CBROA, Vijayawada Region was held on 28.12.2018 at 4 PM at RSTC, Vijayawada. 20

members attended the meeting. Mr. Jayaraju, Regional Secretary welcomed the members. Mr.

Phaneendra, CC Member shared the deliberations of recently held Biennial at Mangalore. He also

requested the members to participate in all the agitational programmes likely to be launched by

AIBPARC to realise our legitimate demands. He informed the members about writ petition filed by our

Association in HC of Bangalore and requested the members to contribute generously to the legal fund

a/c. Rs.60000/- was collected on the spot and details are furnished separately. He thanked the

members for spontaneous response. He requested the members not to post unrelated messages in

WhatsApp CBROA-Vijayawada group.

The meeting concluded with the vote of thanks proposed by Sri Jayaraju.

*CBROA - Legal Fund

Friends,

You all are aware about a resolution passed in the recently held XI Biennial conference at

Mangalore that a Legal Fund will be created to take care of the expenses in connection with

petitions to be filed by the Association in the Courts of Law. Accordingly recently we have

opened CBROA – Legal Fund a/c bearing number 2725111001888 in Canara bank, Mahila

Banking branch, Bengaluru which is located just below CBROA office. IFSC code is

CNRB0002725.

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Overwhelming response. Ever enthusiastic, energetic, encouraging, motivating members have

made our job so simple. Within 4-5 days of opening the separate a/c to fight Pension Updation

case in the Karnataka High Court, the contribution from members by way of remittance to a/c

crossed 10.00 Lakhs. No words to express thanks. Members are great. Heartfelt thanks to all.

One more request: Donors, who are making remittance to Legal fund a/c, please don’t forget

to add your name and staff number or membership number, which helps us to identify the

remitter without much difficulty.

Thank you once again. March on.

Treasurer

CBROA

*CBROA Membership Position as on 31.12.2018:

Number of New Members enrolled during December, 2018 101

The serial number of the last member enrolled during December, 2018 9735

Canara Bank News:

*Banks Board Bureau seeks application for post of Canara Bank MD NEW DELHI: Banks Board Bureau, the selection panel for public sector banks and financial institutions,

has sought application from eligible candidates for the post of Managing Director of Canara Bank. The

post of MD and CEO of Canara Bank is lying vacant since superannuation of Rakesh Sharma on July 31,

2018.

Canara Bank is among the top 5 banks and the position is open to all eligible candidates, including from

the private sector. As per the public notice, the candidates between 45 and 57 years should have

minimum experience of 15 years in mainstream banking of which at least one year should be at the

board level. The last date for sending application is January 10, 2019. (PTI/|Dec 18, 2018, 07.52 PM IST)

*P.V. Bharathi appointed MD and CEO of Corporation Bank: (Mint 24.12.18)

Madam P V Bharathi appointed MD & CEO

New Delhi: P V Bharathi has been appointed as

managing director and chief executive officer of

the Corporation Bank, according to an order

issued by the Personnel Ministry on Monday.

Bharathi is at present Executive Director, Canara

Bank. She will take over the charge on or after

February 1, 2019 and remain in the post till March

31, 2020 - the date of her superannuation, the

order said.

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*Scheme for Empanelment of Retired Officials of Canara Bank for Audit Work:

Applications are invited from the retired officers of our Bank in scale II & III, and executives

retired in scale IV & V for assisting Inspection / all types of Audit work. Interested eligible

retired officials should submit online application by clicking on the Apply online link available in

the Bank website. After submission of the online application, the applicant should take a point

out of the application and send the application along with photograph to: Canara Bank Staff

administration Section, Inspection wing, Spencer Towers, IV Floor, No. 86, M G Road, Bengaluru

– 560001. Last date for submission of Online application is 12.01.2019 6.00 PM

For, eligibility criteria, remuneration….. etc, please refer Bank circular 584/18 dated 07.12.2018

Photo Gallery:

CBPRO & AIBRF demonstration at Kolkata on 12.12.18

Demonstration in front of SBI on 21.12.18. Mr J D Nadaf was

main speaker & lot of retirees participated. Aligarh members meeting on 18.12.2018

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Picnick with family members on 15.12.18 by

Bhubaneswar members

Mr Gopal Pattanaik, Newly elected Working president

with other leaders AIBPARC Odisha State committee

Vellore unit members meeting is in progress 16.12.18 One more photo of Vellore meeting.

Honouring of 75+ members at Kolkata Region meeting held on 28.12.2018

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Gathering of members at Kolkata on 28.12.2018. Welcoming a retiree to CBROA by Kolkata unit

More Photos of Mangalore Conference

01.12.18: Dancing to the tune of Drum by Gen secretary And members

Huge gathering of members & invitees for Inaugural Function on 01.12.2018

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Another view of crowd Former office Bearers at the venue

Delegates view on 02.12.2018 Lightening the lamp on 01.12.2018 by Guests

Honouring of both Husbend & wife- 75+ members Honouring of Mr B G Pai, famous kannada writer

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Honouring of Gajanan raghunath Jog, konkani writer Presenting a momento to Gen manage vijaya Kumar

Presenting General Secreatry report by G S Mr A N K Murthy Presenting audited Financial reports by Treasurer, G A Hande

Delegate Mr Dalewadikar making an observation on G S report Mr K D Patel speaking on G S report

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Mr Venugopal observations on G S report. Award winning japur unit – Mr maheswari receiving trophy

from mr Sudhakara Shetty former G S of CBOA

Bengaluru Region receiving award for canvassing maxmum

number of members

Delhi Region also for membership canvasing &

recoverry of dues.

Mumbai best perfmance – allround growth, membership as

well as recovery of dues.

Elections for new Body is on the way. All new office bearers

elected unopposed.

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Delegates leaving the hall after giving a thumping applause to

Mangalore Region office bearers & Volunteers for holding the

conference in grand way & making their stay comfortable.

Last sip of Coffee / Tea at the venue – discussing where to

meet next?

Other banking news: *SC asks Centre to increase pension amount for senior citizens, set up old age

home in each district: (TNN | Dec 13, 2018, 07.48 PM IST}

NEW DELHI: The Supreme Court on Thursday asked the Centre to increase the pension amount for

senior citizens and take steps to set up at least one old age home in each district in order to provide

succor to elders who are below the poverty line. Expressing concern over the plight of elders in the

society particularly those who have been deserted by their family members, a bench of justices Madan B

Lokur and Deepak Gupta said these people require special care and attention which is missing in many

sections of our society and the Centre and the state government must pitch in to protect their interests.

Under the present scheme pension is fixed for persons between the age of 60-79 years at Rs 200 per

month by the Centre under Indira Gandhi National Old Age Pension Scheme and Rs 500 per month for

persons above 80 years of age. The state governments also contribute in the scheme in addition to

Centre’s fixed amount and the contribution varies from state to state.

Noting that amount was fixed way back in 2007 when the scheme was launched by the Centre and has

not been revised since then, the bench said the Centre and states “must revisit the grant of pension to

the elderly so that it is more realistic”. The court passed the order on a plea of former Union Law

Minister Ashwini Kumar &advocate Sanjeeb Panigrahi who approached the court seeking directions to

the governments to increase the amount of pension and to provide medical cover to the elders. They

contended the amount is a pittance and is wholly inadequate and if the current value of the rupee is

taken into consideration then in real terms the amount actually works out to about 92 per month. The

number of elderly persons has increased from 1.98 crore in 1951 to 7.6 crore in 2001 and 10.38 crore in

2011. It is projected that the number of people above 60 years age would increase to 14.3 crore in 2021

and 17.3 crore in 2026.

*ICICI Bank tops list of most employees caught in fraud: ICICI Bank has topped the list of banks with maximum number of employees on whom action has been

taken in the last three years for involvement in frauds. In the last three years, action has been taken

against 13,949 bank officials belonging to 60 PSU banks and private banks. ICICI Bank officials alone

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account for 2,236 or 16% (one-sixth) of the total such cases, Minister of State for Finance Shiv Pratap

Shukla told the Rajya Sabha in a written reply on Thursday. In each of these three years, 2015, 2016 and

2017, the number of ICICI Bank officials against whom the action has been taken was in the range of

over 600 to under 900. (By: Krishnanand Tripathi | Published: December 13, 2018 10:02 PM)

*Banking services impacted Wednesday due to strike Operations at branches of public sector banks across the country were impacted Wednesday due to a

strike by unions against the proposed merger of Vijaya Bank and Dena Bank with Bank of (BoB). The

strike has been called by the United Forum of Bank Unions (UFBU) - an umbrella organisation of all 9

unions including the All India Bank Officers Confederation (AIBOC), the All India Bank Employees'

Association (AIBEA), National Confederation of Bank Employees & NOBW. According to AIBEA General

Secretary C H Venkatachalam, the strike is effective across the country and employees are fighting for a

right cause. (PTI| Dec 26, 2018, 11.50 AM IST)

*BANK STRIKE ON 8TH & 9TH JANUARY, 2019 SUPPORTING:

• The call given by National Trade Union Convention of Central Trade Unions and various independent

sector wise Trade Union Federations to observe General Strike on 8th and 9th January, 2019 OPPOSING:

• Anti-people economic policies and anti-worker labour policies of the Central Government • Banking

reform measures, privatization and mergers, non-recovery of bad loans • Outsourcing permanent jobs in

Banks. DEMANDING: • Strengthening of public sector banks • Adequate recruitments in Banks – By ALL

INDIA BANK EMPLOYEES’ ASSOCIATION BANK EMPLOYEES FEDERATION OF INDIA

*PSU bank fraud: SBI tops with most employees caught in the act; next on the

list is no surprise – (By: Krishnanand Tripathi | Published: December 17, 2018 5:34 PM)

India’s largest bank State Bank of India has topped the list of PSU banks with maximum number of

actions taken against officials involved in fraud in the last three years. All these actions pertain to frauds

involving a sum of one lakh rupees or more. In last three years (2015-2017), action has been initiated

against 1,287 officials of State Bank of India for their involvement in fraud. This is over 9% of the total

cases involving bank staff in public and private sector banks, Shiv Pratap Shukla, minister of state in the

ministry of finance, informed the Rajya Sabha in his written reply.

Punjab National Bank figures at the second position in the list with 1,127 officials or 8% of the total

13,949 officials allegedly involved in fraud. Manipal based Syndicate Bank figures at the third position in

the list with action taken against 894 officials of the bank. While SBI has been fighting court cases

against high profile accused and liquor baron Vijay Mallya to recover the loans given to Mallay’s now-

defunct airlines Kingfisher, several top officials of Punjab National Bank have been accused of helping

diamond baron Nirav Modi and his uncle Mehul Choksi in securing loans through fraudulent means.

Sudhir Kumar Jain, the then chairman and managing director of Syndicate Bank was arrested by the

Central Bureau of Investigation in August 2014, for his involvement in ‘bribe-for-loan scam’, involving

Prakash Industries and Bhushan Steel which were probed by the anti-corruption agency in the coal block

allocation scam. Central Bank of India figures at the fourth position in the list with action taken against

728 of its officials followed by the Bank of Baroda with action taken against 674 of its officials. During

this period, action has also been initiated against 618 officials of Canara Bank, 555 officials of UCO Bank

and 515 officials of Corporation Bank. While the action was initiated against 5,785 officials in 2015 for

their involvement in fraud, the figure for 2016 and 2017 was 4,360 and 3,804 officials.

17

*Bad loans of PSU banks are declining: Govt officials: New Delhi: Bad loans of state-run banks are in decline and the lenders have recognised most of their

stressed assets, a government official said. The gross non-performing assets (NPAs) of state-run banks

have begun dropping after peaking in March, registering a fall of Rs 23,860 crore in the first half of the

Current financial year. “The recognition exercise is nearly over with restructured standard assets

declining from the peak of 7% in March 2015 to 0.59% as of September 2018,” said financial services

Secretary Rajiv Kumar.

According to the latest finance ministry data, accounts overdue by 31 to 90 days (special mention

accounts 1 & 2), which are still not nonperforming assets (NPAs), have declined by 61% over five

successive quarters from Rs. 2.25 lakh crore in June 2017 to Rs 0.87 lakh crore in September 2018.

“This has substantially pared down credit at risk,” said Kumar. This indicates additions to nonperforming

assets will slow down. Public sector banks (PSBs) also made record recoveries of Rs 60,726 crore in the

first half of the current financial year, more than twice that in year-earlier period. (By Dheeraj Tiwari, ET

Bureau Updated: Dec 29, 2018, 12.36 PM IST)

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