Friend & Guide

From the desk of General Secretary
Dear Friends,
Take the youngsters along.
We are in the midst of a turning point in the history of Indias financial sector. We are
in the eye of a storm that is rocking the space of Indian Banking sector. Suddenly
woken up from the long lull of NO RECRUITMENT policy, Banks have recruited in
thousands.
Now we have 8000+ POs of the total Officers strength of 14000 in a Bank. For any
organisation, the integration of so many young, talented and active employees into
the 108 year old traditional, mammoth institution is not a small challenge.
Culture, Education background, generation, technology orientation, lifestyle &
preferences are all appearing to be different between the generations.
But, this has been the same case in every generational meeting point. The basic
humanity, the fundamental attitude of mutual understanding and urge to learn are
common to any age.
Slowly & steadily, with a helping and understanding handholding, seniors should
induct the youngsters into the time test principles of a traditional public sector
bank. Politely & patiently, the juniors should introduce, by a mechanism of bold
debate and democratic yet decent dialogue, the science of doing more work in less
time, by better use of computers and the mobile phone into the daily functioning.
We are yet to start using computers effectively. The mental block that does not
readily embrace change in software should go (like the introduction of windows 7).
We are the solution for our problems. We are NOT launching rockets or testing
nuclear power. The level of interest and inclination to learn are sufficient to face the
daily challenges
The power and dedication of Bankers was shown to India by opening 1.5 Cr accounts
on the launch day of PMJDY. This shows that in our terrain & our home pitch, we can
come up to any challenge. We know banking. Let us stick to it. Let us do it sincerely,
honestly and with dedication, as we have been doing it. In the process, let the young
blood work harmoniously with the old wisdom.
I hope our devotion to the nation, determination to uplift the poor and drive to
achieve Financial Inclusion will put us in the right place in the national mindset.
With best wishes,
CBOA - Friend & Guide
G V MANIMARAN
GENERAL SECRETARY
Mar Aug 2014
Page 2
FRIEND & GUIDE

An e-magazine from CBOA Issue No.3
Mar Aug, 2014
Editor: V. Ramaraj
Editorial
On behalf of Canara Bank

Officers Association, designed &
published by V. Ramaraj, Editor,
Friend & Guide, CBOA.
Is corporatisation of Banks the only way?
Please
send
your
views, The RBI Panel, headed by Sri PJ Nayak, ex-Chairman
contributions & suggestions to the of Axis Bank, has strongly suggested for diluting of
email ID: editorcboa@gmail.com
government stake in public sector banks, repeal of
Contents
Topic
Page
From the desk of Gen Secretary
Editorial
Our Prestigious Association
CBORA News
14
About our Bank
16
A Region A month
18
AIBOC News
32
UFBU News
49
RBI News
51
Policies & Guidelines
59
Honourable Court verdict
66
Whats new?
67
Family Gallery
68
Lifestyle in India
69
Blame it on Facebook
70
Photo Gallery
71
Press coverage
88
Bank Nationalisation Act, SBI Act, incorporating

them under the Companies act. eventually
resulting in the privatisation of all Nationalised
banks.
The RBI Governor Sri Raghuram Rajan has expressed
his view that the report is to be examined, debated
and considered. It is an outcome of thinking that
Governments need not and should not run businesses
and should only do governance. It is a theory fully
relying on the unquestionable credibility of the free
market economy, that the competition among
private players will ensure that complete honesty,
transparency and integrity will prevail with private
individuals on board, who provide capital and
intellectual resources.
We are sorry to get reminded of the names of Global
Trust Bank, Kingfisher, Winsome group, Sahara,
Sarada etc. The economic principles for regulators
are based on the position taken by the authorities,
to suit the convenience of rulers.
Mar Aug 2014
Page 3
Corporatisation is welcome, provided it can bring more people above the poverty line
of Rs. 32 per day. It is welcome if it can do more good than our time tested cautious
approach that saved us from what happened in Cyprus, Italy, Greece and what is
happening in almost all European Union countries except Germany.
The problem with macro-economic planning is that the time available for the decision
makers is too small, their distance from the common man is too long, their ideological
baggage is too heavy and the peoples response is too delayed.
People are watching and correlating every move of the Government. The ordinary
man wants no heaven on earth. What is required is reasonable price stability and
reliable political stability. The economic freedom has been best served by the public
sector banks, given the luggage of social banking to carry and the ribbon of hectic
competition to face.
Like some individuals, some sectors of the society also do not get the sympathy and
concern they deserve. The Indian banker is one among them.
Economic decisions at macro level could make or mar a nations growth. High degree
of caution and care will be required in such decisions. Given the proven track record
of our regulator in approaching the governance issue of Banks that affects the largest
population of the largest democracy, we hope wisdom will prevail.
**************
Mar Aug 2014
Page 4
Our Prestigious Association
FIRST EVER EXECUTIVE COMMITTEE MEETING

Inauguration:
AIBOCs 10th Triennial Conference was held at Trivandrum from 8th March to 10th
March,2014.
Coinciding with that occasion, our CBOA has conducted the Executive Committee at
Trivandrum on 8th march, 2014.
The E C meeting was presided over by our CBOA President Sri K S Singh. Nearly 75 E C
members participated.
The meeting started with a Malayalam devotional song sung by our Lady Officers. Our
Beloved General Secretary and AIBOCs senior Vice President Mr.G.V.Manimaran
along with the CNT members lit the traditional lamp and paid floral tributes to our
Founder Late Subba Rao Pai.
Sri C K Sudhakaran, Regional Secretary, Trivandrum Region welcomed the gathering.
International Womens Day:
Since 8th March being the International Womens Day, all the participants greeted
our women office bearers & other lady volunteers.
Mar Aug 2014
Page 5
Remembrance of veteran leader Late Shivnarayanan:

Sri Thomas, CBOA Vice President elaborated our Associations activities in 1980s and
also talked about Late Shivnarayanans sacrifies to our beloved CBOA by holding
various coveted positions.
Our General Secretary also spoke about Late Shivnarayanans contributions to our
Association and handed over a honorarium to his son to the tune of Rs. One lac which
was voluntarily contributed by the EC members to Mr Shivnarain family as an
expression of gratitude and a Guru Dakshina.
Sri Rajesh son of Late Shivnarayanan thanked our Association for the gesture.
Statement of Accounts:
The Treasurer submitted the statement of accounts and read out the region wise
outstanding.
Our General Secretary requested all the Regional Secretaries to clear outstanding
before the next Central Committee meeting.
Review of Regions:
All the Regional Secretaries presented their respective Regions activities,
membership strength, outcome of CLJM, RC meeting and other issues.
Pending Benevolent Fund claims:
It was decided to give 1.15 lac to the bereaved families wherever the claims
were rejected on technical grounds as one time measure
22 families are benefitted under this relaxation.
Medical Insurance Scheme for the retirees:

It was decided to design a suitable medical insurance scheme in lieu of a token
amount of Rs.5000 being paid at the time of retirement by CBOA.
E.C. deliberated very many important and burning issues related to the working
conditions of officers both in branch environment and before the society too.
CNT Members address:
All the CNT Solutions including young CNT members spoke about various issues faced
by the officers community.
Mar Aug 2014
Page 6
General Secretarys address:

Our General Secretary has elaborated various matters.
Gists of his speech are as under:
Our Central Office is functioning well.
As on date, no benevolent case is pending.
Claims are settled within 5 days.
Letters are being sent to the members by our G S daily on the latest banking
development.
Our salary is very meager when comparing to State / Central Govt employees
For getting decent wage revision, we have to go to the street and talk about
our genuine demands.
Rallies are to be initiated in all centres & inform the public that our demands
are genuine.
Efforts are to be initiated to publish AIBOC matters in local newspapers.
In 2020, the average age of Indian will be 29. The youth only going to decide
the future of the nation.
IBA misleads the bank officers & unions in wage revision
Everyone has to play a vital role in bank officers movement for getting our
benefits & 5 days banking.
Membership mobilization is good in Kolkata, Jaipur & Kerala.
The response from the Regional Secretaries are excellent for all the matters.
Be alert and cautious in mass lending.
Password secrecy should be maintained at any cost. Technology frauds are
more.
Total business crossed 7.00 lac Crores. But, there is no increase in profit.
Urgent need to Concentrate on recovery which will help to improve the profit.
Be careful in documentation.
Mar Aug 2014
Page 7
No negative marks for wrong answer in promotion test.

We cannot stop branch opening. 2/3 POs are from North. But we do not have
more branches in north.
Remaining 13 investment officers may be absorbed by the Bank.
The new teams in Meerut, Dehradun & Lucknow did a fantastic job.
Three days training will be given to the E C members by the Bank.
We have an idea of conducting Defence workshop at all Regions
Efforts will be taken to secure the following benefits:
Laptops to all the RSTC faculties
Increase in BDE
HL up to 30.00 lacs
BDE to POs
Packing expenses to POs
Solutions were arrived at for many long pending issues including Benevolent Fund
pending cases and bills outstanding in some regions
Excellent arrangements:
The arrangements & hospitality of Trivandrum Region were excellent. After attending
the Triennial Conference from 8th March to 10th March 2014 at Trivandrum, the E C
members returned to their regions with full rejuvenation.
Mar Aug 2014
Page 8
Mar Aug 2014
Page 9
Recent Achievement of CBOA:

New benefit has been brought as promised by our CBOA.
Officers, Managers & Senior Managers will be getting the reimbursement of Business
Development Expenses to the tune of Rs 3000/-, Rs 3500/- & Rs 4000/- respectively
during the Probationary period.
Membership Strength as on 01.04.2014:Affiliation
No of members
Canara Bank Officers Association
17331
Canara Bank Bahujan Officers Union
Canara Bank Officers Congress
203
Canara Bank Officers Organisation
398
Canara Bank Officers Union
1039
Total
18972
Our Office bearers elected in the 10th Triennial Conference of AIBOC:

Name (M/s)
Position in AIBOC
G V Manimaran
Senior Vice President
A N Krishnamurthy
Joint General Secretary
K S Singh
Deputy General Secretary
R S Reehal
Pushpa G Kumar
J Vanangamudi
E C Member
Important Dates & Events

Event
Date
Venue
From
To
CBOAs Central Committee Meeting
18.09.14
19.09.14
Gurgoan, Haryana
All India Nationalised Bank Officers

Federations Conference (AINBOF)
20.09.14
21.09.14
New Delhi
Mar Aug 2014
Page 10
MINUTES OF THE 191st JOINT CONFERENCE

1. PROMOTION PROCESS 2014 DECLARATION OF VACANCIES:
[a]
The Representatives of the Association requested for finalisation /

declaration of promotion vacancies for Officers from JMG Scale I to MMG
Scale II, MMG Scale II to MMG Scale III and MMG Scale III to SMG Scale IV for
the year 2014.
The matter of declaration of vacancies and zone of consideration for
promotion in respect of Officers from JMG Scale-I to MMG Scale-II, MMG
Scale-II to MMG Scale-III and MMG Scale-III to SMG Scale-IV for the year 2014
were discussed and finalized according to the long term Promotion Policy.
The details are as under:
Scale
No. of vacancies
A. For promotions from JMG Scale-I to MMG

Scale-II [including Specialist Officers]
B. For promotions from MMG Scale-II to
MMG Scale-III [including Specialist
Officers]
C. For promotions from MMG Scale-III to
SMG Scale-IV
[b]
1350
550
300
Further, the Representatives of the Association requested to delete the

clause relating to deduction of 25% of marks allotted to a particular
question for incorrect answer wherever it is appearing in HO Memo
No.27/2012 dated 02.05.2012 for Long Term Promotion Policy for the period
2012-2015 as the same is having negative impact on the written test results.
The Representatives of the Management informed that the matter will be
examined and placed before the Competent Authority for decision.
2. INCREASE OF EMPLOYEES HOUSING LOAN SCHEME LIMIT TO RS.30.00 LACS:

The Representatives of the Association sought for increase in limit under
Employees Housing Loan Scheme to Rs.30.00 Lacs.
The Representatives of the Management informed that the matter is being
examined by the concerned wing.
Mar Aug 2014
Page 11
MINUTES OF THE 192nd JOINT CONFERENCE

1. INITIATING THE DISCUSSIONS ON LONG TERM PROMOTION POLICY 20152018:
The Representatives of the Association sought for initiating the discussions on
Long Term Promotion Policy 2015-2018.
The Representatives of the Management desired for forming Long Term
Promotion Policy 2015-18. Further since it is also linked to postings and
transfers it was also desired to review transfer policy. It was agreed to form a
Small Committee to discuss the issues.
2. REIMBURSEMENT OF PACKING EXPENDITURE FOR THE DIRECT RECRUITED
PROBATIONARY OFFICERS AS THEY ARE SUBJECTED TO FREQUENT
TRANSFERS DURING THE INITIAL PERIOD OF TWO YEARS:
The Representatives of the Association sought for reimbursement of packing
expenditure for the direct recruited Probationary Officers during the initial
period of two years also.
examined.
3. REIMBURSEMENT OF BUSINESS DEVELOPMENT EXPENSES TO DIRECT
RECRUITED PROBATIONARY OFFICERS / MANAGERS / SENIOR MANAGERS
DURING THEIR PROBATIONARY PERIOD AND ALSO REVISION OF BUSINESS
DEVELOPMENT EXPENSES REIMBURSEMENT RATES:
The Representatives of the Association sought for reimbursement of Business
Development expenses to direct recruited Probationary Officers/ Managers/
Senior Managers during their probationary period. They also requested for
revising the rates of reimbursement of business development expenses.
examined.
4. TO TAKE OVER THE LIABILITY UNDER HOUSING LOAN, EDUCATION LOAN AND
TWO WHEELER LOANS OF DIRECT RECRUITED PROBATIONARY OFFICERS /
MANAGERS IN CASE THEY AVAILED SUCH LOANS FROM OTHER BANKS /
FINANCIAL INSTITUTIONS:
Mar Aug 2014
Page 12
The Representatives of the Association sought for take over the liability under
Housing Loan of direct recruited Probationary Officers/Managers, in case they
availed such loans from other Banks/Financial Institutions.
referred to concerned Wing.
5. PERMISSION TO RETAIN LAPTOPS AND MOBILE SETS PROVIDED TO THE
OFFICERS / MANAGERS WITH THEM ON TRANSFER TO OTHER BRANCHES:
The Representatives of the Association sought for permission to retain laptops
and mobile sets provided to the Officers/Managers with them on transfer to
other branches.
referred to concerned Wing.
6. EXTENDING THE CLEANING ALLOWANCE TO ALL OFFICERS:
The Representatives of the Association sought for extending Cleaning
Allowance to all Officers.
further discussed.
7. FORMULATION OF OPTION SCHEME FOR OFFICERS/MANAGERS TO WORK IN
JAMMU & KASHMIR REGION AND HIMACHAL PRADESH DUE TO INADEQUATE
TRAINED PERSONNEL IN THE SAID REGIONS TO MAN THE BRANCHES IN THESE
REGIONS:
The Representatives of the Association sought for formulation of option Scheme
for Officers/Managers to work in Jammu & Kashmir Region and Himachal
Pradesh due to inadequate trained personnel in the said regions sot man the
branches in these Regions.
The Representatives of the Management informed that matter will be looked
into as per the government guidelines.
8. SUPPLY OF BRIEF CASES / SPECIAL BAGS TO OFFICERS / WOMEN OFFICERS:
The Representatives of the Association requested for supply of brief
cases/special bags to Officers/Women Officers.
examined
Mar Aug 2014
Page 13
IX BIENNIAL CONFERENCE OF CANARA BANK RETIRED OFFICERS ASSOCIATION

( C B O R A ) HELD AT CHENNAI
The IX Biennial Conference of C B R O A was held at Chennai on 16th & 17th
March, 2014 was a big success. On the Inaugural Day on 16th March, more than 700
retired Officers of our Bank, guests, CBOA activists, and well wishers were present.
The Chief Guest Shri Shyamalendu Saha, General Manager, H R Wing, HO
Bangalore, addressing the Inaugural Session informed about the rapid strides made
by the Bank under various parameters of performance. He also informed the house
about the steps initiated by the Bank to ameliorate the conditions of the retirees in
the Bank.
Sri G V Manimaran, General Secretary, CBOA and Director on the Board of Canara
Bank, informed about the measures initiated by CBOA to bring improvements in the
service conditions of the serving Officers and the welfare measures for the retirees
of our Bank.
Sri A N Krishna Murthy, Chairman, CBOA and Sri R M Meenakshi Sundaram, General
Manager, Canara Bank, Chennai Circle also addressed. The Reception Committee,
under the able leadership of Sri. C R Vaitheeswaran, former General Manager and
Mar Aug 2014
Page 14
Chairman, Reception Committee, had made elaborate arrangements for the

Conference.
Sri. E Sampath Kumar, Vice President, presided over the Inaugural Session. Sri.K B
Ballur, General Secretary, proposed vote of thanks. Sri. R Ashokan compered the
programme.
th
The Delegate Session on 17 March, 2014 was attended by more than 500
delegates. The General Secretary presented an elaborate Report on the various
developments and after deliberations on the Report by some of the delegates, the
Report was unanimously adopted.
The audited financial papers for 2011-12 and 2012-13 were also unanimously
adopted. A Resolution to increase the number of a few posts under Rule VII (8) was
adopted unanimously. Some Resolutions affecting the lives of the common people
of the country, the retirees in the Banking Industry were also adopted. At the end
of the Delegate Session elections were held for various posts and the elections were
unanimous.
CBROA Membership Position as on 31.03.2014:
Number of New Members enrolled during March, 2014
The serial number of the last member enrolled during March, 2014
5023
Our General Secretary Sri GVM honouring a senior most retiree
Mar Aug 2014
Page 15
About our Bank
Our Goals for FY15:
Aims to reach an aggregate business figure of over
Plans to take the number of branches to 6000+ and number of ATMs to 10000 by March
2015.
Bank has received RBIs approval for opening 3 more branches in UK. Further, the
Bank plans to open branches in DFC -Dubai, Frankfurt in Germany and Subsidiaries in
Brazil, Tanzania and a Representative Office in Japan during the year.
Thrust on Retail Business- CASA, retail deposits, retail credit, recovery, fee income
and asset quality.
Ongoing thrust on technology and business process reengineering.
Thrust on improving operational financial ratios, such as, NIM, RoA, RoE and Cost-toIncome.
Plans to have Gross NPA around 2% and Net NPA around 1.5%.
8 lakh crore.
Vigilance Excellence Award:

Our Bank has been conferred with Vigilance Excellence Award instituted by M/s
Institute of Public Enterprise, Hyderabad, in commemoration of celebrating the Golden
Jubilee Year of the Institute, with a view to promote excellence in the field of Vigilance
in all the Central as well as State level Public Sector Enterprises, Nationalised Banks and
other Financial Institutions.
In a glittering function held on 6th & 7th of March 2014 at Hyderabad, Sri K N Shama
Rao, Assistant General Manager, Vigilance Wing, HO received the Award on behalf of the
Bank.
Mar Aug 2014
Page 16
Indira Gandhi Rajbhasha Puraskar Award for 2012-13:

It is a matter of Pleasure and pride that our Bank has bagged First Prize under Indira
Gandhi Rajbhasha Puraskar-2012-13 under the Category of C region for Excellent
Performance of Official Language. The Prize would be distributed by his Excellency the
President of India during the Hindi Day Celebrations to be held at Rashtpati Bhavan.
Pradhan Mantri Jan Dhan Yojana:

Savings Bank accounts opening campaign held in our Bank from 16th to 28th August 2014
Target set was 7 Lac SB Accounts
SB Accounts opened - 10,80,281
Achievement 154 % of target
TAKE PRIDE
BB
Mar Aug 2014
Page 17
A Region A Month
Coimbatore
With more than 25,000 small, medium and large industries, the city's primary
industries are engineering and textiles. Coimbatore is called the "Manchester of
South India" due to its extensive textile industry, fed by the surrounding cotton
fields.
The Nilgiri Mountain Railway is a railway in Tamil Nadu, built by the British in 1908. The 106
years old hill train connects Mettupalayam and Ooty covering 46 kilometres, 108 curves, 16
tunnels and 250 bridges on the mountain.
Mar Aug 2014
Page 18
REGIONS PROFILE
Region
COIMBATORE
State
TAMILNADU
Address for
communication
Sri J Vanangamudi
Vice President, CBOA
Canara Bank, Circle office
166 TV Samy Road(W) R S Puram
Coimbatore
Phone No with STD code
0422 2558410
Mobile No
94433 64184
E mail ID
vanangamudij@gmail.com
Details of CBOAs own

Premises
NA
Scale I
Scale II
Scale III
Total
(as on 31.03.2014)
401
132
68
601
CBOA members
366
117
59
542
No of Branches
Rural
Semiurban
Urban
Metro
Total
63
50
24
137
Deposits
Advances
Total
CASA share
5043
7447
12490
36.34%
Total no of Officers
(as on 31.03.2014)
Business position
(Rs in crores)
(as on 31.03.2014)
Circle Head
Staff Position
(as on 31.03.2014)
Sri S SURESHKUMAR, DGM

Executives
Officers
Workmen
Total
46
601
747
1394
Mar Aug 2014
Page 19
RSTC if any
COIMBATORE
Covering 4 districts, Coimbatore, Nilgiris, Erode & Tiruppur
All the four are Lead Districts
Specialty of the Region
CD ratio is 148%
113 of the 137 branches are in Rural and Semi urban areas
Mix of Industry, agriculture, MSME and Tourism potential
Details of Banks
Holiday Homes & other
guest houses
Ooty Holiday Home

Contact office: LBO Ooty 0423 2444087; 2447155
CBOAs Holiday Home
Yet to be started
Coimbatore is connected by Road, Rail & Air
Connectivity
Ooty is 90 KM from Coimbatore , well connected by Air, road

and the legendary Nilgiris Mountain Railway
Coimbatore: Perur, Marudamalai temples, Kovai Courtallam
falls, Velliangiri Hills, waterfalls, Isha Yoga centre, Codissia
International Tradefair centre,Valparai, Topslip, Anamalai
Masaniamman temple, Monkey Falls, Eachanari Ganesh temple
Places of interests in &

around the Region
Nilgiris: Ooty, Coonoor, GlenMargon, Mudumalai Reserve

forest, Kallatty falls, Gudalur
Erode: Bhavani Sangameswar temple, Kodiveri falls, Talavady,
Sathyamangalam Reserve forests, Bhavani sagar dam
Tiruppur:
Avanashi Siva temple, Tirupur Tirupathi, Sivanmalai temple
Udumalpet Tirumurthy dam,Amaravathy Crocodile park,
Panchalingam water falls,
Mar Aug 2014
Page 20
COIMBATORE STALWARTS
THE INSPIRATION
DEDICATED LIEUTENANT
DEFENCE FORCE
COMMANDO
J VANANGAMUDI
VICE PRESIDENT
R NANDAGOPAL
D.G.S.
S SOUNDARARAJ
C.C MEMBER
K SIVAKUMAR
C.C MEMBER
094433 64184
094421 28400
094437 52554
097914 99199
R RAGHAVENDRAN
REGIONAL SECRETARY
M RAJKUMAR
A.R.S.
S VENKATARAMANAN
A.R.S.
094883 31061
094434 75867
094434 19876
D NITHIN SAMUEL
DISTRICT SECRETARY
CO COIMBATORE
076678 03424
M SELVARAJ
DISTRICT SECRETARY
COIMBATORE CENTRAL
A ASOKAN
DISTRICT SECRETARY
COIMBATORE NORTH
J DASS KUMAR
DISTRICT SECRETARY
COIMBATORE SOUTH
SRINIVASAN
DISTRICT SECRETARY
DHARAPURAM
094872 88731
094438 81989
094865 86874
094421 38359
Mar Aug 2014
Page 21
T ROMESH CHANDRA
DISTRICT SECRETARY
POLLACHI
RAMASUBRAMANIAN
DISTRICT SECRETARY
TIRUPPUR
R DEVARAJ
DISTRICT SECRETARY
GOBI
097872 64648
089497 64521
094426 27445
P MANOHARAN
RC MEMBER
C VELUSAMY
RC MEMBER
G CHARLES MOHANRAJ
RC MEMBER
C SIVARAMAN
RC MEMBER
097906 66377
094436 64844
094438 39764
078451 17365
S ELANGO
RC MEMBER
RUCKMANI DEVI
RC MEMBER
098435 60169
098427 66456
Mar Aug 2014
V KRISHNAMURTHY
RC MEMBER
098653 77133
Page 22
AN INTERVIEW WITH REGIONS TOPPER
Sri Sathyanarayanan, Probationary Officer, Anupparpalayam branch is the

Coimbatore Circle Topper in the written test for Clerical to Officer Promotion.
CBOA - Congrats Sathyanarayanan
Sathya Thank you sir
CBOA - Please tell us about yourself.
Sathya I joined this Bank after serving 20 years (1979 to 1999) in Airforce. I have
worked at Punjab, Rajasthan, Nasik and Bangalore. Most of them are border places of
India. Mine is a small family with wife and two sons, elder one is ME Engg Design &
younger one is BE civil. I joined Canara Bank in 1999 as clerk.
CBOA - You are at the age of 56, you have chosen to write exam and also scored 70
marks. What is the secret of your success?
Sathya - Thank youfor the compliments. Basically it is the determination to become
an Officer of our Bank. I have to specially thank CBOA and the team of quality faculty
who have handled CBOA classes, which had helped me to understand the subject and
encouraged me to score well.
CBOA Coimbatore organized classes subject wise and handled by the experts from the
subject who are having practical exposure in the domains currently, and taken
classes with visual presentations, live cases etc.,
Mar Aug 2014
Page 23
Circular based classes, Sector wise classes like SME, Legal, Agri Advance etc with
model questions and discussions with live examples enthused me to study well.
CBOA- What about the ambience of the classes?
Sathya- I will be failing in my duties if I dont thank CBOA for the hospitalities
throughout the season including the tea/snacks and working lunch without allowing us
to waste our time. My sincere and honest thanks to CBOA Coimbatore. I heard that,
CBOA is working on Online Mock Test for the promotion aspirants. If it comes out
definitely it will be a boon for CBOA men and women, promotion aspirants.
CBOA Your suggestion to all promotion aspirants?
Sathya - Discipline, Determination and Daily preparation
A PROBATIONARY OFFFICER FROM COIMBATORE REGION SPEAKS
I am a probationary officer joined our Bank last year. It was a great privilege to
become a part of Can Bank family.
Prior to this, I started my career with a new generation private sector bank and had
more than a couple of years experience there. After joining Canara bank, I found it is
a totally different experience.
But I am thankful to my previous bank, the tough times which made me to prepare for
IBPS which paved way to big Canara Bank family.
Its really a family, the atmosphere and work culture in this public sector Bank.
At the previous Bank, I had the following difficulties which were totally eliminated in
the present Bank. There are some positives too in the private Bank, which we can try
to emulate in our Canara Bank.
Mar Aug 2014
Page 24
Job parameter
Private Bank
Public Sector Bank
Work Culture
Highly
rigid,
atmosphere
Human Relations
Structured, bureaucratic
Friendly, family care given by the

Seniors
Highly inhuman
Even though timing is tight, do not

find the pinch of losing ones
individuality
Work Timings
suffocating Loving, caring and

human environment
considerate
Target Orientation
Target
pressure
is Target is the responsibility of the
overemphasized, breaking human TEAM.
Each
member
feels
relations and friendship
empowered to achieve targets
Leave Taking
Even for emergency situations I learnt to plan my leave, considering

the work requirements as a soft
leave taking is very difficult
power approach is followed
Decision Making
Fast, requires less time and less Generally delayed; fear psychosis;
cumbersome
Analysis is not fully backed by
technology
Placements
Fully to the whims and fancies of Highly transparent, mutual and

the bosses; No transparency
takes place by bilateral discussion
Pay
Mostly variable, even within the

same scale, CTC decided by the Fair, comparable and respectable
subjectivity of the boss
Use of technology
High; Less paper utilization
Needs lot of improvement by training

and motivation
Personal Life
No such thing
Have time for everything in life
In short, I feel my first Bank job like racing with 100 meter sprint speed in a
ending track;
never
My present job in the Government owned Bank is like a stable, consistent and
systematic marathon.
In the end, consistency counts!
Mar Aug 2014
Page 25
ALL ROUND ACTIVITIES OF COIMBATORE REGION OOF
ACTIVITY, ENERGY AND TEAM WORK:

Coimbatore Region comprises of four revenue districts after shedding 3 districts to
newly formed Salem Circle Coimbatore, Erode, Tiruppur and Nilgiris, with 542
members.
The Regions activities are spearheaded by Sri J Vanangamudi, Vice President of
CBOA.
The Region has been planting its mark in every sphere of activity. Inspired by the
selfless leaders winning approach, lovable character and integrated personality, the
Region is bubbling with energy and enthusiasm.
MEMBERS CONNECT:
The mobile numbers of all the members are available with the District Secretaries and
the Regional leaders. E mail IDs of all members using personal mail ids are available.
Every message from Central Office/ General Secretary is being forwarded to all
mobile phones/ email addresses. Similarly, all the activities of the Region like branch
visits, meetings etc., are communicated instantly. Communication is kept alive as a
live wire, especially with the youngsters.
Mission: To attend to every phone call from members any time; if missed, call back
at the earliest by every office bearer.
PROMOTION PROCESS:
An exclusive Team of Faculty members functions vibrantly. Sri Krishnamurthy, RC
Member is the Chief of Faculty Team. Himself an IIT alumni, he proves his mettle by
scoring first rank in the promotion test. Immediately after the promotion process
starts, a meeting of Faculty Members is conducted. Senior Faculty members like Mr
Kannan, Smt BavaniMannan, Sri Manoharan & Sri PL Subramanian give valuable inputs
in planning the curriculam and schedule of coaching classes. New Faculty members
have been inducted every year. Among the POs and young officers there is a demand
to include as faculties after visualising the role of CBOA in promotion process. Notably
Ms Janani, Mr Hari & Mr Manoranjan have been successfully inducted as faculty. The
succession planning is ready for faculty team also.
Mar Aug 2014
Page 26
Classes are conducted meticulously. Information is sent to all aspirants well in

advance. Infrastructure, food & materials are all done professionally. Feedback from
the candidates is given top priority in readjusting the methodology and focus of the
classes. Materials are sent by email to those candidates who could not attend the
classes. The process extends upto sending congratulatory letters to successful
candidates in the test as well as interview.
Mock test software developed by our Activist Mr Nachiappan, was released by the
General Manager Sri U Ramesh Kumar, in the presence of Vice President and other
office bearers. The package was appreciated by all users.
Circle Head releasing the Mock Test software

programmed by our Activist Sri L Nachiappan
A special meeting for welcoming the newly promoted officers and felicitating the
faculty members was held on 6.4.2014. The promotees thanked CBOA and the faculty
team for the care taken. All the promotee officers except one, have joined CBOA.
Efforts are on to bring the left out candidate to CBOA.
TRANSFERS:
The requests for general transfers/ home state transfers / requests from Probationary
officers are all well documented, followed up with utmost sincerity and till the logical
end. Being an able negotiator, our Vice President is able to establish a win-win
situation in transfer issues, by effective and constructive dialogue with the
Management
The aspirations of the young POs from Northern and other states are being attended
with empathy and pragmatism. The General Secretarys commitment that no false
promise shall be given and the factual position shall be communicated, are being
followed. The Region is taking all steps to fulfil the aspirations of all members with
straightforwardness and integrity
An example: A young comrade from Ghaziabad, who was suffering from serious
physical ailment, was transferred within 5 minutes in a meeting with the visiting GM,
H R Wing, HO.
Mar Aug 2014
Page 27
DEFENCE MATTERS:
Mr Soundararaj, CC member is the Defence Man of Coimbatore. Guided and groomed
by the Vice President, he is an adept and silent workaholic with the affected
members welfare occupying utmost importance in mind.
Region could effectively defend the members to nullify the charge sheets in a number
of cases or to bring down the severity of punishments in others. The Vice Presidents
mighty presence has ensured that the idea of issuing explanation letters has never
materialised in some cases.
An example: An explanation letter thought to be issued to a Manager for the so called
failed procedures in safe keeping of cash and jewels (which is actually a lapse from
the Administration in not providing the necessary infrastructure) was never issued,
after a strong message from the Vice President
BRANCH VISITS:
Branch visits are undertaken with great attention and sincerity. Premises, staff issues
at the branches are documented and communicated to the Circle Administration and
followed up. Members grievances are attended immediately. During the visits, the
Vice President and Sri R Nandagopal, DGS, would interact with the members, give
them suggestions to have a happy work life and especially focus on the youngsters,
including young clerks who would become officers in the near future.
Branch visits are also used to bring the non-members to our fold.
Vice President with DGS during a branch visit
Interaction with a young member
Mar Aug 2014
Page 28
FACING PRESSURE FROM MANAGEMENT ETHICAL BUSINESS PRACTICES:

Customer satisfaction is essential for Banks long term survival. The RBI, Banking
Ombudsman and other authorities are reiterating the need to keep customer interest
above profit motive. Instances of our members being punished for mis-selling, are
painful in two counts, one of the members is affected mentally and financially and
the other is our great institution suffers reputational loss. The Region is seriously
advocating the need to ethical business in all the forums
In all CLJMs, the issue of undue pressure on Bancassurance business thrust upon the
branches is included in the agenda. The Vice President has put forth valid points, with
facts and figures and quoting instances of excess pressure given by the Executives, to
somehow sell the insurance products, by extending loans, etc. The outcome has
been by and large positive.
Being the committed organisation, CBOAs efforts to ensure clean business practices
will continue, unabated.
CLJM AN EFFECTIVE TOOL TO GET OUR DUE:
Our Vice President is a firm believer in the efficacy of CLJMs. The preparation for
CLJM agenda making is elaborate and intense. Communications are sent to all office
bearers and members to get issues if any, to be discussed. Individual issues like TA
bills, medical bill etc., have almost become NIL, due to the vibrancy of CBOA.
General issues like infrastructure, staff mix, suggestions for improving business, etc.,
find importance in the discussion.
It is a treat to watch the Vice President making the negotiations in the CLJMs. The
selection of issues, choice of words, initiating the discussion in a cordial atmosphere,
presentation of background information, quoting of incidents with anecdotes,
constructing the case and structuring the arguments are like a tremendous process of
building a beautiful palace on strong foundations.
The minuting of CLJMs is done on the same day and communicate to office bearers.
Effect: After every CLJM, the members rights have been protected and a visible
change in the treatment of our members could be seen
Merry or Mishap- CBOA is there:
In all important events in the lives of members CBOA will be a participant and active
supporter. The leaders attend all the members family functions.
Mar Aug 2014
Page 29
If it is an accident or bereavement, CBOA Team will be at the hospital or house of the

member, day and night, actively supporting the member in the hour of grief
financially, emotionally and physically.
Principle: CBOA is for the member, of the member. Anything affecting the member,
will affect CBOA
STRENGTHENING OF AIBOC:
The single most important achievement of CBOA, Coimbatore is the strengthening of
AIBOC in Coimbatore. We have proved that Bank officers do not hesitate to come to
the streets and fight for rights.
The following events led to the successful unification:
A series of preliminary meetings were conducted by the Vice President inviting

the office bearers of AIBOC affiliates from all banks in Coimbatore.
After brainstorming, it was decided to conduct a massive RALLY supporting the

cause of public sector in Banking industry and against privatisation.
On 1.3.2014, a massive rally of 1000 officers in Coimbatore, was flagged off by

the General Secretary Sri G V Manimaran.
Pamphlets were distributed, placards were carried and the AIBOC flag was held
high. Our General Secretary and Vice President gave an emotional speech at
the end of the rally, from the top of a goods carrier vehicle, to the charged
AIBOC cadre, at the VOC Park grounds, which has made a permanent mark in
the minds of members and the trade union history of Coimbatore.
As a follow up initiative, a womans day programme was organised by AIBOC on

15.3.2014 in which a guest speaker was invited, womans wing of AIBOC was
formed and womans wing leadership was identified. The AIBOC State President
was invited.
On 15.5.2014, the AIBOC leaders attended the Demonstration held in front of

Federal Bank, Coimbatore branch in support of the strike called by our Federal
Bank affiliate against vindictive transfers. Our Vice President gave an inspiring
speech, calling upon the young officers to take up trade unionism as a patriotic
activity.
Mar Aug 2014
Page 30
THE RALLY THAT SHOOK COIMBATORE BANK OFFICERS ARE NOT PAPER TIGERS
Farewells to retiring members

Vice President or local office bearers would attend the
farewell of the retiring members. The memento
contribution of Rs.5000 (or Rs.2500) is credited on or
before the retirement date and intimated to the member.
The farewell is utilised as an opportunity to connect to
the members and mobilise the cadre, apart from
remembering the retiring members contributions.
May day celebrated in a befitting manner:

Responding to the call received from AIBOC through our General Secretary, ALL the
branches ensured working up to 5 PM on 30.4.2014, on the eve of May Day. Even
though the top office bearers of the Region were not in station, (out on a branch
visit), the second line leadership at Circle Office, groomed by the Vice President,
ensured that all members left by 5 PM.
**********
Mar Aug 2014
Page 31
AIBOC News
10th Triennial Conference of AIBOC

Held at Trivandrum
from 8th to 10TH March 2014
SEMINAR ON MARGINALISATION OF WOMEN IN WORK PLACE:
The international womens day coincided with the 10th triennial conference of AIBOC.
As a curtain raiser to the inaugural session and to commemorate the day a seminar on
Marginalisation of women in work place was organised at Thiruvananthapuram on
8th March, 2014.
RALLY:
By 5 p.m. Asaan Square, Thiruvanthapuram, the starting point of the rally, wore a
festive look. It was an India in microcosm reflecting our unity amidst diversity.
Mar Aug 2014
Page 32
Delegates, observers from across the length and breadth of the country and activists
from all parts of Kerala thronged the venue. AIBOC flags fluttered and slogans ranted
the air to the accompaniment of traditional Chenda Melam of Kerala
INAUGURAL SESSION
The inaugural session started at 6.30 pm with a chorus injecting an atmosphere of
revolutionary zeal at the very beginning. Seated on the dais were Com.
Harshavardhan M., and Com. Harvinder Singh, President & General Secretary,
respectively, Com. A.K.Padmanabhan, President CITU, Adv. Smt. Chandrika,
Worshipful Thiruvananthapuram Mayor, Com. S.R.Sengupta, founder President of
AIBOC and an array of past Presidents and General Secretaries of the organisation.
The meeting started with a welcome address by Com. P.V.Mohanan, President AIBOC
Kerala State. Com. A.K.Padmanabhan inaugurated the conference by lighting the
traditional lamp along with other dignitaries, present on the stage. He in his
illuminating and educative speech, studded with facts and figures, gave an over view
of the challenges facing the Indian working class.
Com. Harvinder Singh in his brief but pointed speech drew a picture of the emerging
scenario. The meeting ended with a befitting vote of thanks by Com Abraham Shaji
John, General Secretary AIBOC, Kerala State Unit.
The session was followed by a demonstration of Kalari Payattu the traditional
martial art of Kerala
Comrades, it was a wonderful beginning. We are charged up for the delegate session
tomorrow. The inaugural session will remain etched in our memory for a long time to
come for the magnificent arena provided and the grandeur of the proceedings.
BUSINESS SESSION HELD ON 9TH AND 10TH MARCH 2014
The Business Session was presided over by Com. Harshavardhan M., President of the
Confederation. He welcomed the entire house which was thronged by more than
twelve hundred delegates from the length and breadth of the country representing all
affiliates of the Confederation. He invited Com. Harvinder Singh, General Secretary to
take up the agenda proper and present the report of the confederation for the entire
Triennial period for the consideration of the house.
Agenda-I : To consider and adopt General Secretarys Report and Audited Statement
of Accounts for the years ending 31st Dec. 2011, 2012 and 2013.
Agenda - II :To Appoint Auditors for the Next Triennial Term:
Mar Aug 2014
Page 33
Agenda III : To consider the amendments to Bye-Laws as recommended by the

Executive Committee and/or the amendments by the members:
Agenda IV : To consider the Resolutions/Propositions/Motions recommended by the
Executive Committee and /or brought forward by the members after giving due
notice.
The 28 resolutions were read out by Com. G V Manimaran, Senior Vice President for
consideration and adoption by the House.
The House adopted all resolutions with one voice.
Agenda V : To elect Office Bearers and Executive Committee members
Com. Harshavardhan, President of the Confederation declared that the present
committee stand dissolved and the new team of office bearers shall be elected by the
general council. He proposed the name of Com. Abraham Shaji John as the Returning
Officer to conduct the elections for the next term of 2014-2017 which was approved
by the house.
Com. Abraham Shaji John, conducted the elections for the position as per the
amended constitutionCom. Y. Sudarshan & Com. Harvinder Singh were elected as
President and General Secretary respectively of the Confederation.
Agenda- VI :TO CONSIDER ANY OTHER MATTER WITH THE PERMISSION OF CHAIR
No issue was raised by any of the delegates in this Agenda.
The curtains of the 10th Triennial Conference of the Confederation were drawn with
National Anthem after vote of thanks was proposed by Com. Abraham Shaji John.
Mar Aug 2014
Page 34
Circular No. 2014/23 Dated: 03/03/2014

BIPARTITE NEGOTIATIONS WITH IBA HELD TODAY
During todays meeting, we also urged upon the IBA to expedite the compassionate
appointment scheme and IBA informed us that they are very much seized of the issue
and would endeavor to speed up the issue with the Government.

GREETINGS FOR INTERNAIONAL WOMENS DAY
On behalf of the Executive Commitee of our Confederation and on my personal

behalf, I convey our greetings full of love, affection, respect and gratitude for the
contributation made by all the lady members of our confederation to the the society
at large and trade union movement in particular, on this international Womens Day.
INTERNATIONAL WOMENS DAY - CELEBRATIONS
The international womens day coincided with the 10th triennial conference of AIBOC.
As a curtain raiser to the inaugural session and to commemorate the day a seminar on
Marginalisation of women in work place was organised at Thiruvananthapuram on
8th March, 2014.
Mar Aug 2014
Page 35
Circular No 2014/26 dated 08.03.2014

The 10th triennial conference of AIBOC
RALLY
It got off to a flying start at Trivandrum on 8th March 2014. By 5 p.m. Asaan Square,
Thiruvanthapuram, the starting point of the rally, wore a festive look. It was an India
in microcosm reflecting our unity amidst diversity. Delegates, observers from across
the length and breadth of the country and activists from all parts of Kerala thronged
the venue.
INAUGURAL SESSION
The inaugural session started at 6.30 pm with a chorus injecting an atmosphere of
revolutionary zeal at the very beginning. Seated on the dais were Com.
Harshavardhan M., and Com. Harvinder Singh, President & General Secretary,
respectively, Com. A.K.Padmanabhan, President CITU, Adv. Smt. Chandrika,
Worshipful Thiruvananthapuram Mayor, Com. S.R.Sengupta, founder President of
AIBOC and an array of past Presidents and General Secretaries of the organisation.
The meeting started with a welcome address by Com. P.V.Mohanan, President AIBOC
Kerala State.
Com. A.K.Padmanabhan inaugurated the conference by lighting the traditional lamp
along with other dignitaries, present on the stage.
Com. Harvinder Singh in his brief but pointed speech drew a picture of the emerging
scenario.
The meeting ended with a befitting vote of thanks by Com Abraham Shaji John,
General Secretary AIBOC, Kerala State Unit.
The session was followed by a demonstration of Kalari Payattu the traditional
martial art of Kerala
Comrades, it was a wonderful beginning.
CIRCULAR NO.: 2014/27 DATE: 12/03/2014

OFFICE BEARERS OF AIBOC SUBMIT PETITION TO SH. OOMMEN CHANDY THE
HONBLE CHIEF MINISTER OF KERALA
Mar Aug 2014
Page 36
CIRCULAR No. 2014/28 DATE: 13/03/2014

BUSINESS SESSION HELD ON 9TH AND 10TH MARCH 2014
The Business Session was presided over by Com. Harshavardhan M., President of the
Confederation. He welcomed the entire house which was thronged by more than
twelve hundred delegates from the length and breadth of the country representing all
affiliates of the Confederation. He invited Com. Harvinder Singh, General Secretary to
take up the agenda proper and present the report of the confederation for the entire
Triennial period for the consideration of the house.
Two minutes silence was observed by the entire house in the honour of the departed
souls and to pay homage to them.
The 28 resolutions were read out by Com. G V Manimaran, Senior Vice President for
consideration and adoption by the House.
The House adopted all resolutions with one voice.
Com. Harshavardhan, President of the Confederation declared that the present
committee stand dissolved.
Com. Abraham Shaji John, conducted the elections for the position as per the
amended constitution.
Com. Y. Sudarshan & Com. Harvinder Singh were elected as President and General
Secretary respectively of the Confederation.
No issue was raised by any of the delegates in this Agenda.
The curtains of the 10th Triennial Conference of the Confederation were drawn with
National Anthem after vote of thanks was proposed by Com. Abraham Shaji John.
Comrades, the Business Session was concluded in a grand manner.
TALKS WITH IBA
To our demand regarding compassionate appointment scheme, IBA conveyed the
clarifications sought from the Government to which we explained that UFBUs view is
that the compassionate appointment scheme should be on the lines of the
Government scheme and urged upon them to expedite the matter.
To our demand for improvement in the IBAs earlier offer on wage increase, IBA
informed that they are not able to make further offer.
Mar Aug 2014
Page 37
It was decided to hold the next round of discussions in the middle of April, 2014 and
the date would be finalized. Further developments will be informed to all our
units/members in due course
Circular No. 2014/30 Date: 19/03/2014
COM. DEEPAK D. SAMANT APPOINTED AS OFFICER-DIRECTOR ON THE BOARD OF
INDIAN BANK W E F 11.03.2014 FOR A PERIOD OF 3 YEARS.
CIRCULAR No. 2014/31 DATE: 28/03/2014
OPENING OF BANK BRANCHES ON SUNDAYS AND HOLIDAYS & EXTENDED WORKING
HOURS ON SATURDAYS
Members are aware that soon after we came to know that Banks have been asked to
work for extended hours till midnight not only on Saturday 29th and Monday 31st but
also on Sunday, the 30th March, 2014, through Press Releases, Mass Media and
Management to facilitate collection of taxes, we came into action. Please refer to our
communication ref no. GS/2014/IBA/13 dated 20th March, 2014.
Circular No. 2014/33 Date: 17/04/2014
LEAVE TRAVEL CONCESSION/HOME TRAVEL CONCESSION BAN ON VISIT TO
OVERSEAS CENTRES AS PART OF LTC/HTC
Our members may be aware that Indian Banks Association has vide their letter No.
CIR/HR&IR/F/2014-15/9195 dated April 7, 2014, communicated to all public sector
member banks to stop permitting their officers/employees from visiting overseas
countries/centres as part of LTC/HTC (Scanned copy of the IBAs communication
attached).
We are also exploring the possibility of legal recourse in the matter and are consulting
some legal counsel for obtaining the stay order against the revised instructions of IBA.
CIRCULAR No. 2014/34 Dated: 19/04 /2014
OUR DEMAND FOR FIVE DAY WORKING WEEK IN BANKING INDUSTRY
Our members are being informed from time to time about efforts being made by the
Confederation in pursuing our demand for Five Day Working Week in Banking
Industry. Apart from lobbying with bureaucracy, politicians we are in continuous
touch with IBA on the issue. We are happy to note that after our discussions in the
last Executive Committee, many of our office bearers have ensured publishing of
organizational views on our demands and policies in print media. We have sent yet
another written communication vide our letter Ref. 2014/23 dated 17/04/2014 to The
Mar Aug 2014
Page 38
Chairman, IBA and Secretary, DFS, text of which is appended below. We convey our
thanks to IBA for giving us a positive ear on this demand.
REMEMBRING PIONEERS OF TRADE UNION MOVEMENT
OBSERVING MAY 1ST - LABOUR DAY AS DEMANDS DAY
Labour Day is an annual holiday in many parts of the world to celebrate the
achievements of workers and has its origins in the labour union movement.
We request all our Affiliates/State Units to hold meetings/organize rallies,
highlighting our demands prominently through the placards, banners, posters etc..
CELEBRATING --LABOUR DAY AS DEMANDS DAY
As proposed, let us simultaneously observe it as a Demand day for all our demands
which are relevant to the purpose of May Day celebrations, e.g. regulated working
hours, five day a week, Trade Union rights to all officers irrespective of their scales,
implementation of I.L.O conventions 87 and 98 for wider definition of workers and
coverage under I.D. act etc.
COM. GEORGE D. PALLAN PASSES AWAY
With profound sorrow, grief and heavy heart we share the sad news of the demise of
Com. George D. Pallan, General Secretary of The Catholic Syrian Bank Officers
Association at the age of 53.
Mar Aug 2014
Page 39
We convey our heartfelt condolences to the grieved family of Com. George and entire
membership of The Catholic Syrian Bank Officers Association and pray for the eternal
peace of the departed soul.
Circular No. 2014/38 Date: 07/05/2014
FEDERARTION OF BOIOA FORMS ITS WOMENS WING
Federation of Bank of India Officers Associations has, with the formation of its
Womens Wing, taken a lead in giving shape to one of the decision taken by the
Confederation at the Triennial General Conference at Thiruvananthapuram held from
8th 10th March, 2014, which was reiterated in its EC meeting held at Chennai on 9th
April, 2014, that of formation of Womens Wing by all the affiliates.
Circular No. 2014/39 Date: 26/05/2014
ALL INDIA FEDERAL BANK STRIKE ON 16TH AND 17TH JUNE, 2014
APPEAL FOR ACTIVE AND MORAL SUPPORT
We extend our full support to the fighting comrades of FBOA and appeal to all our
affiliates and members to be in readiness for any action or agitational programme
advised by the Confederation, in support of FBOA.
Circular No. 2014/40 Date: 27/05/2014
OUR MADHYA PRADESH STATE UNIT CONSTITUTED
The MP State Committee was reconstituted on 3rd May, 2014, in the presence of three
Office Bearers of AIBOC viz. Com. Harvinder Singh, General Secretary Com.
Manimaran, Senior Vice President and Com. Ameetaa Sharma, Secretary. Many
members of the other affiliates of State Committee were also present there.
The meeting was conducted by Com. Madan Jain, Dy. General Secretary, Bhopal
Module, SBI Officers Association, Bhopal. Speaking on the occasion, the General
Secretary, Com. Harvinder Singh appreciated the initiative taken by the State
Committee.
Com. Manimaran, Senior Vice President, AIBOC & General Secretary, Canara Bank
Officers Association also addressed the august gathering. In his precise but
meaningful speech Com. Manimaran told the gathering that how the AIBOC body is
continuously working towards the welfare of the officers.
Mar Aug 2014
Page 40
Circular No. 2014/41 Date: 02/06/2014

Xth Bipartite Settlement Talks
100 Day Agenda Set By Honble Prime Minister
One year and seven months have passed since Officers and Workmen Organizations in
the Banking Industry submitted their Charter of Demand for 10th Bipartite
Settlement. The slow pace with which the negotiations are taking place cannot be
appreciated by any one of us, whatever may be the reason. No meeting has taken
place on the issue for the last three months. The situation is alarming and causing lot
of anxiety and frustration amongst the officers and workmen in the Banking Industry
which is bound to affect their productivity and efficiency.
We in the Banking Industry also contribute towards the new goal set by our Prime
Minister and set an example of good governance.
We are confident that this agenda of ours will be written in the golden letters as
contribution of the Banking Industry. We once again assure you to rededicate
ourselves in extending our full cooperation in achievement of the agenda of social
developments set forth by the Government / Bank Managements.
DISCUSSIONS WITH IBA ON WAGE REVISION DEMANDS
After the last round of negotiations held on 14-3-2014, another round of discussions
took place with IBA on 13-6-2014 in Mumbai in the background of the new
Government taking over at the Centre after the general elections.
UFBU MEETING: Prior to the discussions with the IBA, meeting of the UFBU was held.
DISCUSSIONS WITH IBA
After submissions from UFBU, IBA informed that they are willing to improve their offer
from earlier 10% to 11% on the cost of Pay Slip components of the wage bill which
would amount to Rs.3,465 crores and which would be exclusive of other costs on
retirement benefits, LFC, hospitalization expenses, etc. From UFBU we expressed our
inability to accept this offer as the same was quite inadequate.
Circular No.2014/43 Dated: 17/06/2014
FRATERNAL GREETINGS TO FBOAIANS ON HISTORICAL STRUGGLE & VICTORY
ALL AGITATION PROGRAMMES INCLUDING STRIKE WITHDRAWN
Mar Aug 2014
Page 41
MINUTES SIGNED AND 2 DAYS STRIKE CALLED OFF

Heroic struggle Glorious Victory
Hats off to FBOAians!
Circular No.2014/44 Dated: 17/06/2014
10 TH TRIENNIAL STATE COUNCIL OF AIBOC (WEST BENGAL STATE UNIT)
15th June, 2014 is registered in the history of West Bengal State Unit and also of the
Confederation, which has reaffirmed the path of solidarity, unity and cohesiveness
among all the affiliates of the Unit.
Circular No. 2014/45 Date: 25/06/2014
INCONCLUSIVE SALARY REVISION NEGOTIATIONS ON 13.6.2014
UFBU SEEKS APPOINTMENT WITH FINANCE MINISTER
Com. M.V. Murli, convenor of the UFBU has sent the letters to the Prime Minister Sh.
Narendra Modi and Finance Minister Sh. Arun Jaitley. Texts of the letters are
appended hereunder for your information.
QUOTE:
Shri Narendra Modi ji,
Hon'ble Prime Minister,
Government of India,
NEW DELHI.
Respected Sir,
We, the representatives of United Forum of Bank Unions, an umbrella forum
consisting of all Workmen Unions and Officers' Associations in the Banking Industry,
representing nearly 1 million employees and officers spread over the Public Sector
Banks, Private Sector Banks, Co-operative Banks and Regional Rural Banks, in our
meeting held on 13th June 2014 in Mumbai hailed your victory and passed a resolution
welcoming you as Prime Minister and wishing you all the best in your endeavours in
taking the Nation to newer heights.
We heartily congratulate you on the fabulous victory with thumping majority to your
party in the recent general elections and for taking over the charge as Prime Minister
of this Great Country. This recognition is surely deserved and will give you an
Mar Aug 2014
Page 42
opportunity to spread your wings. There is no one who has worked as hard as you have
in the last years. Now your efforts have paid off -Congrats.
You are given the greatest task of deciding the priorities of the Nation particularly
when there are multiple challenges to meet. But, we are sure that with your
dedication, enthusiasm and inspiring insight, you would have many years of great
achievements. We are also hopeful that our beloved Country will rise to the greatest
level of developed Nation under your regime.
Financial Sector, in particular, the Banking Sector plays a crucial role in the
development of economy of the country and we assure you our full support in your
entire endeavour towards the growth of the country.
At the cost of repetition, we wish you all the very best in your tenure as Prime
Minister and pray the almighty to shower his choicest blessings on you and your entire
team to overcome the difficulties and effectively meet the challenges that are ahead
in achieving your entire endeavour.
Thanking you and assuring you our co-ordination always,
With best regards,
Yours sincerely,
Sd/(M. V. MURALI)
CONVENOR
Circular No. 2014/46 Date: 27/06/2014

We reproduce, hereunder, the Circular no. UFBU/2014/25 of date, issued by the
Convenor, UFBU for your information and circulation among members.
TEXT OF MEMORANDUM SUBMITTED TO SHRI ARUN JAITLEY,
HONBLE MINISTER OF FINANCE, GOVERNMENT OF INDIA
Respected Sir,
We submit, for your kind perusal and information, the present position with regard to
the negotiations between the Indian Banks Association (IBA) and United Forum of
Mar Aug 2014
Page 43
Bank Unions (UFBU) on the revision of wages and service conditions of Bank
employees/officers.
United Forum of Bank Unions (UFBU) is the umbrella forum of 5 workmen unions and 4
officers associations in the Banking Industry covering 1 million workmen and officers
and is currently on wage negotiations with Indian Banks Association (IBA). The wages
and service conditions in the Banking Sector are governed by the Industry-level
Bipartite Settlements signed between the IBA and the Negotiating Unions/Associations
of Bank employees/ officers. The term of the last settlement (9th bipartite
agreement) came to an end on 31.10.2012 and the revision of wages and other service
conditions has become due since 01.11.2012.
UFBU has submitted its Charter of Demands to IBA on 30.10.2012 before expiry of the
previous Bipartite Settlement and requested IBA to adopt a time-bound programme to
hold the negotiations on the demands and to expedite the settlement as early as
possible. More than 10 rounds of discussions have taken place between IBA and UFBU
so far on the issue but IBA is delaying the settlement. Despite a lapse of 20 months
since starting of negotiations, no significant improvement is made towards
expeditious conclusion of settlement. Moreover, IBA is offering the least increase
quoting non-affordability of banks in paying higher wages partly because of increase
in Non-Performing Assets (NPAs).
We furnish hereunder our view-points in support of our just demands for a respectable
wage revision to all employees/officers in the banking industry:
a. PERFORMANCE OF PUBLIC SECTOR BANKS:
In Public Sector Banks, the profitability, Business per employee and Profit per
employee are on the increasing trend only, which is also the basic yardstick for
measuring the affordability of banks for increase in wages. The data relating to public
sector banks as on March 2012 vis--vis the position as on March 2007 is furnished
below for your kind reference.
Circular No. 2014/47 Date: 04/07/2014
Need for Humane Approach in dealing with junior colleagues/functionaries
Suicide committed by Sh.Ajay Sehgal, Chief Manager, Sec.-20 Panchkula of PNB
In one of meeting called by Field General Manager, Chandigarh of Punjab National
Bank, ostensibly to review non performers by calling few Incumbents from each Circle
under his command, the officers were reportedly threatened with spoiling career &
humiliated to such an extent that it drove Shri Ajay Sehgal, age 52, Chief Manager of
Mar Aug 2014
Page 44
Sector-20 Panchkula to commit suicide on 2nd July 2014 by jumping in front of a

running train near Chandigarh station immediately after leaving the meeting. A
suicide note has also been found where he has named Circle Head, Chandigarh and
FGM, Chandigarh as the persons responsible for his act of committing suicide. An FIR
is lodged and the matter is under investigation.
There are innumerable instances where officers are insulted with foul language,
humiliated, threatened in open meeting.
Circular No. 2014/48 Date: 10.07.2014
AIPNBOA SUCCESSFULLY COMPLETES AGITATION
The incident of suicide committed by Com. Ajay Sehgal, Chief Manager, Sector 20,
Panchkula of Punjab National Bank has touched the raw nerve of the rank and file in
all banks.
Due to continuous follow up with the Management, the leadership succeeded in
achieving their demand of further administrative action by way of suspension.
On the night of 8th July 2014, PNB Management took further action and suspended
both Circle Head & FGM, Chandigarh pending enquiry as demanded by AIPNBOA.
Circular No. 2014/49 Date: 16/07/2014
MEETING WITH IBA ON DISCIPLINARY AND VIGILANCE PROCEEDINGS
In two hours long discussion, the following issues were deliberated:
1. Classification of misconduct into minor and major,
2. Abuse of the omnibus conduct Rule (unbecoming of an officer),
3. Authority for imposing Major Penalties,
4. The delay in disposal of disciplinary cases and appeals,
5. Provision of copy of CVC / CVO advice with full correspondence,
6. Provision of personal hearings after the inquiry,
7. Interpretation and effect of various types of penalties,
8. Period of debarment from promotion,
9. Sanction of prosecution / arrest of the officers by police and other authorities,
Mar Aug 2014
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10. Suspension and subsistence allowance,

11.Permission to defend more cases to one Defence Representative,
12. Agreed list LODI,
13. Stoppage of disciplinary proceedings after retirement,
14.Procedural discrepancies and attitude of enquiring authorities and presenting
officers during enquiry,
15.Bringing out Scale V and Scale VI officers from the jurisdiction of CVC.
UFBU MEETING ON 15TH JULY, 2014 AT MUMBAI
The meeting of the United Forum of Bank Unions was held at Mumbai on 15th July,
2014, to take stock of the situation on Salary Revision front and decide its further
course of action. The meeting was attended by all the nine constituents of the UFBU.
Circular No. 2014/50 Date: 17/07/2014
CHERISHING AND UPHOLDING THE SPIRIT OF BANK NATIONALISATION
We, the employees of Public Sector Banks in India feel proud while celebrating the
45th anniversary of Nationalisation Day. 19th July, 1969, was the day written in
Golden words in the Banking history, when 14 major Banks were nationalised.
We call upon all our affiliates and State Units to celebrate this day in a befitting
manner in our own way!!
Circular No. 2014/51 Dated:01.08.2014
DEARNESS ALLOWANCE
Dearness Allowance is payable to Officers on 683 (i.e. 650 +33) slabs with effect from
01-08-2014 as against 650 slabs for the previous quarter.
Circular No. 2014/52 Date: 06/08/2014
DELAY IN 10TH BIPARTITE WAGAE REVISION NEGOTIATIONS
As per the decision taken in the meeting of UFBU, a communication was sent to IBA on
16/07/2014, which was annexed to our aforesaid circular, response to which is still
awaited. Meanwhile, Convenor of United Forum of Bank Unions has sent another
communication to IBA asking for immediate dialogue on the salary revision. The letter
sent by UFBU to IBA is appended below:
Mar Aug 2014
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Circular No. 2014/53 Date: 08/08/2014

GOVT. APPROVES SCHEME OF COMPASSIONATE APPOINTMENT IN PSBs
OUR LONG PENDING DEMAND ULTIMATELY ACHIEVED
We are very happy to inform you that Government of India, Ministry of Finance,
Department of Financial Services, has conveyed its approval on 7th August, 2014, on
IBAs proposal as follows:
1. To open the Compassionate Appointment in PSBs on the lines of Central
Government,
2. Discontinuing the provision of ex-gratia in lieu of Compassionate Appointment in
PSBs.
Circular No. 2014/54 Date: 09/08/2014
TRANSFER OF FEMALE EMPLOYEES IN PUBLIC SECTOR BANKS
PSBs ADVISED TO FRAME POLICY TO MINIMIZE THEIR HARDSHIP
Government of India, Ministry of Finance, Department of Financial Services has issued
guidelines to all Public Sector Banks including IDBI & SBI Associates, so that transfers
of female officers and employees can be considered with compassion and their
hardship can be mitigated to the extent possible.
Circular No. 2014/55 Date: 09/08/2014
DELAY IN 10th BIPARTITE WAGE REVISION-NEGOTIATIONS
Please refer to our circular No. 2014/52 dated 06/08/2014 on the captioned subject
through which we reproduced a communication sent by Com. M. V. Murali, Convener
of the United Forum of Bank Unions to Indian Banks Association, seeking early and
regular round of talks on the Wage Revision to avoid unpleasant situation.
Circular No. 2014/57 Date: 11/08/2014
STAFF HOUSING LOAN TO BANK EMPLOYEES
The Government of India, Ministry of Finance, Department of Financial Services, after
examination of the matter, has decided to convey the concurrence of the Government
to IBAs proposal that: PSBs may decide the matter related to Staff Housing Loan
policy with the approval of its Board and Board may suggest, if it feels it to be a part
of Wage Negotiations.
Mar Aug 2014
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Circular No. 2014/58 Date: 19/08/2014

COORDINATION BETWEEN ALL PUBLIC SECTOR UNDERTAKINGS
WORKSHOP ON STATE OF THE ECONOMY
Please refer to the discussions held in the last Working Committee Meeting, held on
23rd June, 2014, at Mumbai, in which the members were informed that there is a
need for wider unity amongst Officer, Executives, Engineers and Professionals working
in Public Sector Banks and other Public Sector Undertakings to oppose the Anti Public
Sector, Anti Workforce and Anti people policy of the Government. In this regard, the
members were also briefed about the initiatives taken by our Confederation along
with AIPEF, NCOA and SNEA/MEA. The joint forum of these organizations decided to
hold a two days workshop on the State of Economy at New Delhi on 16th and 17th
August, 2014.
**********
Mar Aug 2014
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UFBU News
Mar Aug 2014
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Mar Aug 2014
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RBI News
MONETARY AND CREDIT INFORMATION REVIEW

March 2014
Framework for Revitalising Distressed Assets
The Reserve Bank, on February 26, 2014, has issued certain guidelines regarding the
Framework for Revitalising Distressed Assets in the Economy. They are:
I. Refinancing of Project Loans
II. Sale of Financial Assets to SCs/RCs
III. Purchase/Sale of NPAs to Other Banks
IV. Use of Counter-cyclical/Floating Provisions
V. Bank Loans for Financing Promoters Contribution
Depositor Education and Awareness Fund Scheme
The Reserve Bank has advised all banks to be in readiness to take necessary action as
The Depositor Education and Awareness Fund (the Fund) Scheme 2014 has been
finalised and forwarded to the Government of India for notifying in the Official
Gazette. The operational guidelines would be advised separately as soon as the
Scheme is notified. The Reserve Bank has also advised all banks to designate a single
contact point for any correspondence/queries in connection with the Depositor
Education and Awareness Fund Scheme, 2014.
Downloaded E-Aadhaar recognised as Valid Document
Withdrawal of Pre-2005 Series Banknotes
The Reserve Bank, on March 3, 2014, has extended the date for exchanging the pre2005 banknotes to January 1, 2015. The Reserve Bank has also advised banks to
facilitate the exchange of these notes for full value without causing any
inconvenience whatsoever to the public. These notes will retain their legal tender
status and the public can continue to use these for any transaction/payment.
Mar Aug 2014
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Reporting of Information Security Incidents

The Reserve Bank, on February 26, 2014, has advised the Chief Information Security
Officers (CISOs) of banks, to report all Information Security related incidents on the
Security Incident Tracking Platform, developed by the Institute for Development and
Research in Banking Technology (IDRBT).
End of Support for Windows XP
The Reserve Bank, on March 19, 2014, has advised the commercial banks to take
immediate steps to implement appropriate systems and controls in their systems
including ATMs, that are still working on Windows XP.
Call / Notice Money Market Operations
The Reserve Bank, on February 26, 2014, has advised commercial banks/co-operative
banks and primary dealers to convey the prudential limits for borrowing/lending in
call/notice money market, fixed with the approval of their respective Boards, to the
Clearing Corporation of India Ltd. (CCIL) for setting of limits in NDS-CALL System,
under advice to Financial Markets Department, Reserve Bank of India. This is in effect
from March 3, 2014.
LDMs to convene Pre-Potential Linked Plan meetings in June
Bank Loans to Micro Finance Institutions
The Reserve Bank, on March 12, 2014, has advised the banks to ensure micro finance
institutions (MFIs) comply with the cap on individual loans and margin cap, as
prescribed, for being eligible to be classified as the loans under priority sector.
FEMA
EDPMS for better monitoring of Exports
A comprehensive IT-based system called Export Data Processing and Monitoring
System (EDPMS) has been operationalised with effect from February 28, 2014, for
better monitoring of export of goods and software and facilitating authorised dealer
(AD) banks to report various returns through a single platform
Increase in Trade related Remittance Limit
The Reserve Bank has increased the limit of trade transactions from the existing Rs.
2,00,000/- (Rupees Two Lakh only) per transaction to Rs. 5,00,000/- (Rupees Five
Lakh only) per transaction, with effect from March 13, 2014. The decision to increase
the limit was taken after a review of the permitted transactions under the Rupee
Drawing Arrangements (RDAs).
Mar Aug 2014
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Direct to Account facility under MTSS

The Reserve Bank has allowed transfer of foreign inward remittances received under
Money Transfer Service Scheme (MTSS) to the Know Your Customer (KYC) compliant
beneficiary bank account through electronic mode, such as, National Electronic Funds
Transfer (NEFT), Immediate Payment Service (IMPS), as per the prescribed procedure.
Reporting of Secondary Market OTC Transactions
The Reserve Bank, on February 24, 2014, has advised all entities regulated by the
Reserve Bank to report their secondary market Over the Counter (OTC) trades in
corporate bonds and securitised debt instruments within 15 minutes of the trade on
any of the stock
REPORTS/COMMITEES/CONCEPT PAPERS
Report on furnishing of Credit Information to CICs
The Reserve Bank, on March 22, 2014, released the Report of the Committee to
recommend Data Format for Furnishing of Credit Information to Credit Information
Companies (CICs) on its website (www.rbi.org.in) for public comments
Making credit information more useful
The committee has stated that low usage of credit information by member
institutions and other specified users needs to be addressed by requiring CICs to
populate their databases with requisite credit information.
Concept Paper on Trade Receivables and Credit Exchange for Financing MSMEs
The Reserve Bank, on March 19, 2014, has sought feedback on the Concept Paper on
Trade Receivables and Credit Exchange for Financing Micro, Small and Medium
Enterprises (MSMEs).
April 2014
RBI grants in-principle approval for banking licences
The Reserve Bank of India has on April 2, 2014, granted in-principle approval to two
applicants, namely, IDFC Limited and Bandhan Financial Services Private Limited, to
set up banks under the Guidelines on Licensing of New Banks in the Private Sector.
The Guidelines were issued on February 22, 2013. These two applicants were also
recommended as suitable for grant of
Mar Aug 2014
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Registration of NOFHCs
The Reserve Bank, on April 7, 2014, has decided to create a separate category of nonbanking finance companies (NBFCs), namely, Non-Operative Financial Holding
Company (NOFHC).
Guidelines on Gold Metal Loans
The Reserve Bank has commuicated that stand-by letter of credit (LC)/bank
guarantee (BG) issuing bank and the gold metal loan (GML) providing banks should
keep certain additional guidelines in view to mitigate the risk of frauds/misuse of the
scheme by the GML borrowers.
Implementation of Basel III Capital Regulations in India
The Reserve Bank, on March 27, 2014, extended the transitional period for full
implementation of Basel III Capital Regulations in India upto March 31, 2019. Earlier
deadline was March 31, 2018.
Policy for Banks Properties at Overseas Centres
The Reserve Bank, on April 9, 2014, advised all Indian banks to ensure that they
comply with all the applicable laws of the host country/city or locality while
undertaking transactions in the nature of sale and purchase of property and
acquiring/letting out property on lease/rental basis at overseas centres
Differential Rate of Interest for MSEs
The Reserve Bank, on April 15, 2014, advised the banks to take into account the
incentives available to Micro and Small Enterprises (MSE) borrowers in the form of the
credit guarantee cover of the Credit Guarantee Fund Trust for Micro and Small
Enterprises (CGTMSE) and the zero risk weight for capital adequacy purpose for the
portion of the loan guaranteed by the CGTMSE and provide differential interest rate
while pricing their loans for such MSE borrowers, than the other borrowers. However,
banks should note that such differential rate of interest is not below the base rate of
the bank.
Guidelines on Capital Charge for Credit Risk revised
The Reserve Bank has issued revised guidelines on capital charge for credit risk of
standalone primary dealers exposure to interest rate derivative contracts,
repo/reverse repo transactions and central counterparties. The revised guidelines
have come into effect from April 1, 2014.
Mar Aug 2014
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May 2014
Opening of Bank Accounts in the Names of Minors
To promote the objective of financial inclusion and also to bring uniformity among
banks in opening and operating minors accounts, the Reserve Bank on May 6, 2014,
advised banks that A minor of any age can open a savings/fixed/recurring bank deposit account through
his/her natural or legally appointed guardian;
Minors above the age of 10 years may be allowed to open and operate savings bank
accounts independently
ATMs to be made more Disabled-friendly
The Reserve Bank, on May 21, 2014, advised banks to take necessary steps to provide
all existing ATMs/future ATMs with ramps so that wheel chair users/persons with
disabilities can easily access them.
All New ATMs to talk from July 1

The Reserve Bank has also advised the banks to make all new ATMs installed from July
1, 2014 as talking ATMs with Braille keypads. Banks should lay down a road map for
converting all existing ATMs as talking ATMs with Braille keypads. The status should be
reviewed from time to time by the Customer Service Committee of the Board.
No Foreclosure Charges/Pre-payment Penalty on Floating Loans
The Reserve Bank, on May 7, 2014, asked banks not to charge foreclosure
charges/pre-payment penalties on all floating rate term loans sanctioned to individual
borrowers, with immediate effect. This was a follow up on the First Bi-monthly
Monetary Policy Statement 2014-15 announced on April 1, 2014, in which the Reserve
Bank had proposed certain measures for consumer protection.
No Penalty on Non-Maintenance of Minimum Balances in Inoperative Accounts
The Reserve Bank, on May 6, 2014, prohibited all scheduled commercial banks
(excluding RRBs) from levying penal charges for non-maintenance of minimum
balances in any inoperative account, including the basic savings bank deposit accounts
(BSBDAs). The instructions also apply to all primary urban cooperative banks.
Mar Aug 2014
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June 2014
One Documentary Proof of Address for Bank Accounts
The Reserve Bank on June 9, 2014, simplified the requirement of submission of proof
of address with regard to the know your customer (KYC) norms while opening a bank
account, as follows:
(a) Customers may submit only one documentary proof of address (either current or
permanent) while opening a bank account or while undergoing periodic updation. In
case the address mentioned as per proof of address undergoes a change, fresh proof
of address may be submitted to the branch within a period of six months.
(b) In case the proof of address furnished by the customer is not the local address or
address where the customer is currently residing, the bank may take a declaration of
the local address on which all correspondence will be made by the bank with the
customer.
Basel III Framework on Liquidity Standards
The Reserve Bank, on June 9, 2014 announced the Guidelines on Liquidity Coverage
Ratio (LCR), Liquidity Risk Monitoring Tools and LCR Disclosure Standards. The
guidelines were finalised taking into account comments and feedback of stakeholders.
The LCR would be binding on banks from January 1, 2015.
With a view to providing a transition time to banks, the LCR requirement would be
minimum 60 per cent for the calendar year 2015 beginning January 1, 2015 and rise in
equal steps to reach 100 per cent on January 1, 2019, as per the time-line given
below:
Jan 1, 2015 Jan 1, 2016 Jan 1, 2017 Jan 1, 2018 Jan 1, 2019
Minimum LCR
60 per cent 70 per cent 80 per cent 90 per cent 100 per cent
RBI asks Banks to share Information with SIT

The Reserve Bank, on June 23, 2014 advised all the banks and financial institutions to
ensure that information/documents required by the Special Investigating Team (SIT)
are made available as and when required.
Mar Aug 2014
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The Government of India constituted the SIT to implement the decision of the Honble
Supreme Court on large amounts of money stashed abroad by evading taxes or
generated through unlawful activities.
Second Bi-Monthly Monetary Policy Statement, 2014-15

Dr. Raghuram G Rajan, Governor, announced the Second Bi-Monthly Monetary Policy
Statement, 2014-15 on June 3, 2014. On the basis of an assessment of the current and
evolving macroeconomic situation, the Reserve Bank decided to:
keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at
8 per cent;
keep the cash reserve ratio (CRR) of scheduled banks unchanged at 4 per cent of net
demand and time liabilities (NDTL);
reduce the statutory liquidity ratio (SLR) of scheduled commercial banks by 50 basis
points from 23 per cent to 22.5 per cent of their NDTL with effect from the fortnight
beginning June 14, 2014;
July 2014
Draft Guidelines for Licensing of Payments Banks and Small Banks

The Reserve Bank of India released on July 17, 2014, the draft guidelines for
Licensing of Payments Banks and for Licensing of Small Banks. The Reserve Bank
has sought views/ comments on both the draft guidelines from all interested parties
and general public. Suggestions and comments on the draft guidelines may be sent by
August 28, 2014.
Flexible Loan Structuring to raise Long Term Bonds

The Reserve Bank of India issued on July 15, 2014, a number of instructions to banks
specifying the operational guidelines and incentives in the form of flexibility in loan
structuring and refinancing,
Framework for dealing with D-SIBs
Mar Aug 2014
Page 57
The Reserve Bank released on July 22, 2014, the Framework for dealing with Domestic
Systemically Important Banks (D-SIBs). The Framework discusses the methodology to
be adopted by the Reserve Bank for identifying the D-SIBs and additional regulatory/
supervisory policies which D-SIBs would be subjected to.
Loans against Gold Jewellery for non-agricultural purposes

The Reserve Bank on July 22, 2014, has decided that loans extended against pledge of
gold ornaments and jewellery, for other than agricultural purposes, where both
interest and principal are due for payment at maturity of the loan will be subject to
certain modified conditions.
Issue of Long Term Bonds by Banks
The Reserve Bank, on July 15, 2014, eased the way for banks to raise long term
resources to finance their long term loans to infrastructure as well as affordable
housing.
************
Mar Aug 2014
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GOVT POLICIES & GUIDELINES
Reservation in Promotion to SC/ST Bill:

GOVERNMENT OF INDIA
MINISTRY OF SOCIAL JUSTICE AND EMPOWERMENT
LOK SABHA
UNSTARRED QUESTION NO 3806
ANSWERED ON 05.08.2014
RESERVATION BILL
3806. Dr. UDIT RAJ
Will the Minister of SOCIAL JUSTICE AND EMPOWERMENT be pleased to state:(a) whether the Government is considering any proposal regarding reservation and
reservation in promotion and if so, the details thereof and the time by which the
same is likely to be implemented; and
(b) the time by which the Government is likely to bring in a Bill in this regard and
present it to Parliament?
ANSWER
MINISTER OF STATE FOR SOCIAL JUSTICE AND EMPOWERMENT (SHRI SUDARSHAN
BHAGAT)
(a) and (b): The bill to amend the Constitution to provide impediment free
reservation in promotion to Scheduled Castes and Scheduled Tribes was passed by the
Rajya Sabha on 17/12/2012. However, the said bill could not be considered and
passed in the Lok Sabha and the bill lapsed on the dissolution of the 15th Lok Sabha.
The matter is under examination of the Government.
Mar Aug 2014
Page 59
Transfer of female employees in Public Sector Banks:

F.No.4/9/1/2014-IR
Government of India
Ministry of Finance
Department of Financial Services
Jeevan Deep, IIIrd Floor,
Parliament Street, New Delhi
Dated the August 8, 2014
To
Chairman, SBI/CMDs of all Public Sector Banks including IDBI and SBI Associates
Subject: Transfer of female employees in Public Sector Banks minimizing their
hardship.
Sir,
It has been brought to the notice of this Department that female employees of Public
Sector Banks (PSBs), married or unmarried, when placed/transferred away from their
husband or parents, as the case may be, to distant locations face a genuine hardship
and develop a feeling of insecurity. Keeping this in view, it has been decided:
(i) to accommodate as far as possible placement/transfer of married female
employee, on her request, at a place where her husband is stationed or as near as
possible to that place or vice versa; and
(ii) to accommodate as far as possible placement/transfer of unmarried female
employee, on her request, at a place where her parents, are stationed or as near as
possible to that place.
2. PSBs are, therefore, advised to frame a policy on the subject with the approval of
their Board suitably incorporating the above and take immediate action for
implementation and compliance. Pending requests may also be considered under
these guidelines. A line of confirmation may be sent to this Department immediately
after adoption of the policy by the Board of the Bank.
3. This issues with the approval of Secretary(Financial Services).
Yours faithfully
(Manish Kumar)
Under Secretary to the Government of India
Mar Aug 2014
Page 60
Staff Housing Loan to Bank Employees:
Mar Aug 2014
Page 61
Campus Recruitment in PSBs:
Mar Aug 2014
Page 62
Mar Aug 2014
Page 63
Compassionate appointment in PSBs:
Mar Aug 2014
Page 64
Self-certification in place of affidavits and attestations is valid as per the P M

Office, Press Information Bureau release dated 01.08.2014.
The requirement of attestation by Gazetted Officer is also sought to be

replaced by self-certification by the citizen.
Under the self-certification method, the original documents are required to be

produced at the final stage.
The benefit of reservation shall be extended to Ex-servicemen, who applies for

various examinations / vacancies before joining civil posts/ services in the
Government job on civil side vide Office Memorandum No.36034/1/2014-Estt.(Res.)
dated 14.08.2014 of Department of Personnel and Training Ministry of Personnel,
Pubic Grievances and Pensions, GOI
The maximum investment in PPF during a financial year has been increased from Rs
1.00 lac to Rs 1.50 lac as per the notification issued by Ministry of Finance dated
13.08.2014.
Stand Alone Motor Third Party Insurance Policy for Two Wheelers for a period of
three years is permissible subject to certain condition as per the orders of Insurance
Regulatory and Development Authority vide No IRDA/NL/CIR/MOIP/192/08/2014
dated 04.08.2014
The above Govt Circulars / Office Memorandums / Guidelines / Lok Sabha question
are downloaded from the concerned Ministrys official website - Editor
Mar Aug 2014
Page 65
Honourable Court verdict

Allahabad High Court asks IRDA to scrutinize SBI Life:
The Allahabad high court has directed the IRDA to scrutinize every policy sold by SBI
Life Insurance Co. Ltd, and order the company to discontinue its policies and wind up
its business if it detects any regulatory breaches.
The 29 May order came in response to a petition filed by an SBI Life customer,
Virendra Pal Kapoor, 72, who claimed he had invested Rs 50,000 in 2007 in the
insurers Unit Plus IISingle, a unit-linked insurance product with an option of a
limited term of five years, on the basic sum assured for life at Rs 3,12,500 (625% of
the investment), with a choice of investment in a growth fund. But on maturity, he
was paid a mere Rs 248.
This instance prompted the court ...to issue a direction to the IRDA to critically
examine each and every policy of SBI Life. If (IRDA) finds that the SBI Life, which has
suffered penalties in the past for its defaults, has acted in breach of its guidelines it
would be appropriate for it to direct SBI Life to discontinue its policies and to wind up
its business, the court said. (Source: www.livemint.com)
Supreme Court stays Allahabad HC order against SBI Life:

A bench headed by justice Ranjan Gogoi stayed the HC judgment of May 29 that held
that the Centre will do well to ensure that the investors are not cheated in a
manner, as in the present case, in which the entire investment of the senior citizen
has been lost on the pretext of the policy being in tune with IRDA guidelines.
(Source: The Financial Express dated 16.07.2014)
Mar Aug 2014
Page 66
Whats New?
Pradhan Mantri Jan Dhan Yojana:
Prime Minister Narendra Modi Thursday launched the Pradhan Mantri Jan Dhan Yojana,
a flagship project of the union government. Around 15 million bank accounts were
opened in a day.
Highlights of the scheme:
About 15 million accident insurance policies done on a single day and same number of
bank accounts opened.
Programme held at around 77,000 locations with the participation of chief ministers,
union ministers and bank officials.
Target to cover 7.5 crore households with at least one account will be achieved by Jan
26, 2015.
Universal access to banking facilities for all households through a bank branch or a
fixed point business correspondent called "Bank Mitra".
Coverage of all households with at least one basic banking account with RuPay debit
card having inbuilt accident insurance cover of Rs.1 lakh.
Additional Rs.30,000 life assurance cover for those opening bank accounts before Jan
26, 2015.
An overdraft facility of up to Rs.5,000 after satisfactory operation for six months.
Full range of banking services would be possible through ordinary mobile phones.
Financial literacy to be imparted up to village level.
Expansion of Direct Benefit Transfer under various government schemes.
The second phase of rollout will involve providing micro-insurance to people.
Unorganised sector pension schemes like 'Swavalamban' will be provided through
business correspondents in the second phase.
The programme is in mission mode with Finance Minister Arun Jaitley as the head.
Households being targeted instead of only being villages targeted earlier.
Platform has been built by the National Payment Corporation of India that connects all
banks and all telephone networks in the country.
The platform helps a customer access his/her account with any mobile set.
Mar Aug 2014
Page 67
Our DGS Sri Shiva Prasads daughter Smt S

Meghna & Sri S N Prathap Simha got married
at Mysore
Our CC Member from Dehradun Sri I S

Parmar celebrated his 25th wedding
anniversary along with his wife at Simla on
07.05.2014
Our DGS Smt Pushpa G Kumars son Sri Suhas V

Kumar and Smt Vibha Gurjal got married
on 19/05/2014 in Bangalore
Our Vice President Sri J Vanangamudi is blessed with

a grand daughter
Friend & Guide wishes them Health & Happiness in their life
Mar Aug 2014
Page 68
Shouldering 5 kg Gold by a bride with pride
Shouldering loads with pleasure
Mar Aug 2014
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Blame it on Facebook
Mar Aug 2014
Page 70
Photo Gallery
Womens meet at Chennai Region on 27.04.2014
Mar Aug 2014
Page 71
Joint R C meeting of Trichy & Chennai at Vellore
Mar Aug 2014
Page 72
Bangalore Region
General Secretary
addressing the POs on
15.07.14
Mar Aug 2014
Page 73
Opening of Salem C O on 12.05.14 by CMD in the presence of our GS
Enrolling POs at Gurgoan
Mar Aug 2014
Page 74
Mammoth Madurai Meeting
Mar Aug 2014
Page 75
Bhopal Region
Mar Aug 2014
Page 76
Jalandhar Region
Mar Aug 2014
Page 77
Chandigarh Region
Mar Aug 2014
Page 78
R C meeting at Meerut
Mar Aug 2014
Page 79
G S hoisting National Flag at Chennai office
Mar Aug 2014
Page 80
CHENNAI REGION
Mar Aug 2014
Page 81
Vice President Sri J Vanangamudi hoisting National Flag at Erode (Coimbatore Region)
Blood donation camp conducted by CBOA at Erode on 15.08.2014
Mar Aug 2014
Page 82
Madurai Region
Coaching classes at Hyderabad
Mar Aug 2014
Page 83
Brain Storming session at Vizag
Brain Storming session held at Ooty on 09.07.2014
Mar Aug 2014
Page 84
Training for Trade Union functionaries at Ooty
An external training was sposored by the Bank at Ooty for the E C members of CBOA
on Training for Trade Union Functionaries from 23.06.2014 to 25.06.2014 for the 1st
batch & from 08.07.2014 to 10.07.2014 for the 2nd batch. 90 E C members
participated.
On 10.07.2014, valedictory function was held.
Sri V Sundaram, DGM, H R Wing, HO, Sri G V Manimaran, General Secretary, Sri S H
Rana, Course Coordinator, The Director of Institute of Public Administration,
Bangalore and other participants of 2nd Batch are seen in the picture.
Mar Aug 2014
Page 85
Varanasi Region
General
Secretary
addressing
general
members at
Varanasi
Mar Aug 2014
Page 86
G S visit to Ernakulam Region
Mar Aug 2014
Page 87
General Secretarys visit to Jalandar in July 2014
Mar Aug 2014
Page 88
Mar Aug 2014
Page 89
Mar Aug 2014
Page 90
General Secretarys visit to Lucknow in July 2014
Mar Aug 2014
Page 91

Friend &amp; Guide - Mar - Aug 2014

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Friend &amp; Guide - Mar - Aug 2014

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From the desk of General Secretary

CBOA - Friend & Guide

Mar Aug, 2014

On behalf of Canara Bank

Is corporatisation of Banks the only way?

From the desk of Gen Secretary

Our Prestigious Association

About our Bank

Policies & Guidelines

Honourable Court verdict

CBOA - Friend & Guide

Bank Nationalisation Act, SBI Act, incorporating

CBOA - Friend & Guide

Mar Aug 2014

Our Prestigious Association

FIRST EVER EXECUTIVE COMMITTEE MEETING

Mar Aug 2014

Remembrance of veteran leader Late Shivnarayanan:

22 families are benefitted under this relaxation.

Medical Insurance Scheme for the retirees:

Mar Aug 2014

General Secretarys address:

Mar Aug 2014

No negative marks for wrong answer in promotion test.

Laptops to all the RSTC faculties

Packing expenses to POs

CBOA - Friend & Guide

Mar Aug 2014

CBOA - Friend & Guide

Mar Aug 2014

Recent Achievement of CBOA:

Canara Bank Officers Association

Canara Bank Bahujan Officers Union

Canara Bank Officers Congress

Canara Bank Officers Organisation

Canara Bank Officers Union

Our Office bearers elected in the 10th Triennial Conference of AIBOC:

Senior Vice President

Joint General Secretary

Deputy General Secretary

Deputy General Secretary

Deputy General Secretary

Important Dates & Events

CBOAs Central Committee Meeting

All India Nationalised Bank Officers

CBOA - Friend & Guide

Mar Aug 2014

MINUTES OF THE 191st JOINT CONFERENCE

The Representatives of the Association requested for finalisation /

A. For promotions from JMG Scale-I to MMG

Further, the Representatives of the Association requested to delete the

2. INCREASE OF EMPLOYEES HOUSING LOAN SCHEME LIMIT TO RS.30.00 LACS:

Mar Aug 2014

MINUTES OF THE 192nd JOINT CONFERENCE

CBOA - Friend & Guide

Mar Aug 2014

Mar Aug 2014

IX BIENNIAL CONFERENCE OF CANARA BANK RETIRED OFFICERS ASSOCIATION

Mar Aug 2014

Chairman, Reception Committee, had made elaborate arrangements for the

Our General Secretary Sri GVM honouring a senior most retiree

CBOA - Friend & Guide

Mar Aug 2014

Friend & Guide - Mar - Aug 2014

Friend & Guide - Mar - Aug 2014