Bank employees are eagerly waiting for wage revision which is due since November 2012. There are other several issues which need the attention of those who are said to be well wisher of bank staff.
There is practically no stagnation for central government employees as per last pay commission recommendation and as accepted by government of India. Why is there stagnation in pay scale meant for only bank employees particularly when bank is not in a position to accommodate so many candidates in higher scale due to their own constraints and when there are fewer vacancies?
For none of fault of senior officers, they are denied not only promotions but also annual increment.
When banks do not find such senior officers for promotions, bank should not hesitate in accepting resignation of such officers and allow full pension and retirement benefits. But there is no justification for stopping annual increment. By denying increments to all, bank management is creating anomalies in pension payments too. An employee who worked for 30 years and an employee who worked for 40 years will get almost same amount of pension if they leave the bank. In near future even an employee who worked for 20 years to 25 years will get higher pension who have been serving bank for more than 30 to 35 years. It is important to note that pension is calculated maximum for 33 years of service even if an employee has worked for 40 years.
There is practically no stagnation for central government employees as per last pay commission recommendation and as accepted by government of India. Why is there stagnation in pay scale meant for only bank employees particularly when bank is not in a position to accommodate so many candidates in higher scale due to their own constraints and when there are fewer vacancies?
For none of fault of senior officers, they are denied not only promotions but also annual increment.
When banks do not find such senior officers for promotions, bank should not hesitate in accepting resignation of such officers and allow full pension and retirement benefits. But there is no justification for stopping annual increment. By denying increments to all, bank management is creating anomalies in pension payments too. An employee who worked for 30 years and an employee who worked for 40 years will get almost same amount of pension if they leave the bank. In near future even an employee who worked for 20 years to 25 years will get higher pension who have been serving bank for more than 30 to 35 years. It is important to note that pension is calculated maximum for 33 years of service even if an employee has worked for 40 years.
Officers
who have transferred from outside states to North East States were getting so
many incentives as per 1984 circular or as guidelines of IBA as prevalent for
central government employees working in other sectors in eighties. Why these
incentives have not been revised during last 25 years?
Special allowance fixed Rs.1200/ or Rs.1500/ for specified area is common for all staff posted in North East region. What about additional benefits for those who are transferred from other states to North East?
For outsiders, there was a provision of Rs.1500. p.m. in 1984 when Rs.1500/ was a significant amount compared to prevailing scale of pay for officers at that time. Now even that Rs.1500/ (it should be at least 10000 in view of price rise and scale rise during last 25 years) or 12.5% of pay has been abolished.
Originally North East posting policy was framed for enthusing employees to serve in north eastern based branches for two years and then they were given preferred posting. Unfortunately this holy policy is now misused by greedy and corrupt executives to sideline good officers from their path of earning illegal money and golden gifts.
Special allowance fixed Rs.1200/ or Rs.1500/ for specified area is common for all staff posted in North East region. What about additional benefits for those who are transferred from other states to North East?
For outsiders, there was a provision of Rs.1500. p.m. in 1984 when Rs.1500/ was a significant amount compared to prevailing scale of pay for officers at that time. Now even that Rs.1500/ (it should be at least 10000 in view of price rise and scale rise during last 25 years) or 12.5% of pay has been abolished.
Originally North East posting policy was framed for enthusing employees to serve in north eastern based branches for two years and then they were given preferred posting. Unfortunately this holy policy is now misused by greedy and corrupt executives to sideline good officers from their path of earning illegal money and golden gifts.
Incentives of preferred and choice posting to employees who served North east branches for two years also stands snatched. Preferred posting after completion of two years tenure also lies on the mercy of top officials. There is no shame feeling in the minds of ED or top executives when they violate the existing policy or misuse the same in the name of bank’s exigencies.
After all management of PS banks know that Indian judiciary cannot decide the case even in two to three decades. And they also know the art of delaying hearing on court cases associated with bank employees’ promotion or posting or payment. They also know the art of buying trade union leaders or building pressure on trade union leaders so that they may reconcile with whims of top officials of management.
God knows what
union leaders are doing?
There are lacs of bank employees who are continuously working in rural areas for one or two decades or even more. On the other hand there are lacs of bank employees who are continuously posted in Metros and Urban areas. Unfortunately only a section of employees are facing frequent transfers from one corner to the other corner of the country.
God knows l what union leaders are doing?
Answer is that trade union leaders are also standing in the same que in which a team of flatterers are standing to get maximum benefit from higher bosses, cream posting, reckless earning through credit lending or waiver of loan without any fear of action from higher bosses and get preferred promotions for their flatterer members if they so like.
It is therefore better to say All is Well sir, No problem sir, everything will be o.k. sir, I am there don't worry, I will manage it, I will manage media people, I will manage CBI people and so on. These wordings are a few permanent wording of flatterers.
There are lacs of bank employees who are continuously working in rural areas for one or two decades or even more. On the other hand there are lacs of bank employees who are continuously posted in Metros and Urban areas. Unfortunately only a section of employees are facing frequent transfers from one corner to the other corner of the country.
God knows l what union leaders are doing?
Answer is that trade union leaders are also standing in the same que in which a team of flatterers are standing to get maximum benefit from higher bosses, cream posting, reckless earning through credit lending or waiver of loan without any fear of action from higher bosses and get preferred promotions for their flatterer members if they so like.
It is therefore better to say All is Well sir, No problem sir, everything will be o.k. sir, I am there don't worry, I will manage it, I will manage media people, I will manage CBI people and so on. These wordings are a few permanent wording of flatterers.
In past , several writ petitions have been filed against arbitrary promotion of some officers and whimsical denial to some others. Cases have also been filed against whimsical changes every year undertaken by bank management in promotion policies merely to suit the candidates of their choices. But none of such cases could reach the final judgement.
Even the cases pertaining to historic injustice in recovery of money from bank staff for giving them 2nd option of pension filed in various High courts are languishing for last four to five years only because petitioner cannot afford spending lacs of rupees whereas bank management sacrifice crores of rupees on advocates in abortion of such court cases which may expose their involvement in corruption . Trade Union leaders who worked in nexus with top officials of management in arriving at agreement on lines dictated by government of India and IBA in IX Bipartite settlement are almost playing the role of management so far as suppression of interest of bank staff is concerned..
A few executives by using their mobile phones using some flatterer Branch Managers to extend credit to unscrupulous borrowers and sacrificing huge amount in compromise and waiver of loan scheme just to earn some illegal money and quicker promotions.
Banks assets
worth thousands and thousands of crores of rupees are locked and lost in bad
borrowers every year whereas government of India, RBI and all regulating
agencies remain silent spectators.
People have
seen how NPA rose 500% during last few years in Public Sector Bank but regulating
agencies are not ready to accept that health of these bank will deteriorate in
future . There is in fact none to bell the cat.
Branch Manager of a bank is passing through his bad days.
His boss ask for growth in deposit as they desire, they want lending , accepting bribe from borrowers and then pay bribe to government departments for mobilizing bulk deposit. They (bosses) do not mind if loan sanctioned by Branch head goes bad provided bribe earned by Branch head is honestly shared with bosses and a little portion of such ill earned money is tactfully spent on auditors, vigilance officers and other visiting officials.
Branch Manager who is master in art of giving bribe and accepting bribe can only succeed in his career; he can get cream posting and quickest promotion and it is he who gets respect and recognition in all meetings and interviews.
On the other hand if a Branch Manager avoids sanction of loan to bad persons he will earn bad name in his locality, his bosses will rebuke him for not achieving target fixed for lending and for other parameters. If he does not adopt path of flattery and bribery he may be transferred to such a place where bad assets are enormous and the person who sanctioned bad loan is now one of top ranked executive. In every meeting with bosses, such branch managers are main target because they fail to recover the money from bad borrowers as per whims and fancies of the bosses. Such BMs are always stressed and frustrated in life and face humiliation in all meetings and rejected in promotion processes.
It is bitter truth in a bank that accountability is never fixed on officers who caused the assets to become bad but fixed on officers who is not perfect Yesman of his bosses.
As such if one has to remain in power, he or she must learn the art of flattery and bribery. Let the bank go to hell, let the assets turn from good to bad and from bad to worst, but do not forget to extend red carpet welcome to bosses when they visit to your branch, do not forget to offer golden and diamond gifts to bosses whenever you met them and take care of all persons, goods and services which and whom bosses like.
For God sake, please do not dare express verbally or in writing such truths which may hurt your bosses even if you sincerely feel that expression of such truth may save your lovely bank from considerable losses.
Please keep in mind that since all bad assets which were created and concealed by top executives during their posting as branch head or regional head are now exposed due to RBI’s directive to declare NPA only as per system. As such even CMDs and EDs are getting the same humiliating treatment when they meet Ministers, Finance Secretaries, and senior officers in various regulating offices and even in press conferences .General Managers are rebuked by CMDs and EDs and then GM rebukes DGMs and AGMS and in the same way culture of firing percolates down the level and upto field officials.
In such environment, willingly or unwillingly one is tempted to adopt corrupt path of flattery and bribery or that of remaining a silent spectator tolerating all stresses and strains GENERATED DUE TO HIS POOR OR so called non performance. Former keeps one healthy and pleasant whereas the later makes him sick of several diseases.
Now you have to decide what is good and what is bad for you.
It may be kept in mind that if the loan sanctioned by you become NPA and loss asset I future, you have several common excuses to offer before bosses such as , “there is global recession”, “sir loan became bad due to high rate of interest”, “due to bad weather business could not yield desired result” and so on.
Even CMDs and EDs are putting such excuses before MOF and RBI for unprecedented rise in bad assets in their bank. There is none to accuse you of indulging in bribery and neither can anyone prove it .
No action can be initiated against you even if the account goes bad because management also fear that punitive action may adversely affect the lending programme and bank may fail to achieve the target set for credit growth.
There is no valid excuse for non achievement of lending target but there are several acceptable excuses for asset turning bad and for non recovery in bad accounts.
If you are flatterer and yesman , your all sins even that of bribery and on performance are excused, but if you pose to be perfect you have to face the music of modern era and invite several diseases and family problems.
His boss ask for growth in deposit as they desire, they want lending , accepting bribe from borrowers and then pay bribe to government departments for mobilizing bulk deposit. They (bosses) do not mind if loan sanctioned by Branch head goes bad provided bribe earned by Branch head is honestly shared with bosses and a little portion of such ill earned money is tactfully spent on auditors, vigilance officers and other visiting officials.
Branch Manager who is master in art of giving bribe and accepting bribe can only succeed in his career; he can get cream posting and quickest promotion and it is he who gets respect and recognition in all meetings and interviews.
On the other hand if a Branch Manager avoids sanction of loan to bad persons he will earn bad name in his locality, his bosses will rebuke him for not achieving target fixed for lending and for other parameters. If he does not adopt path of flattery and bribery he may be transferred to such a place where bad assets are enormous and the person who sanctioned bad loan is now one of top ranked executive. In every meeting with bosses, such branch managers are main target because they fail to recover the money from bad borrowers as per whims and fancies of the bosses. Such BMs are always stressed and frustrated in life and face humiliation in all meetings and rejected in promotion processes.
It is bitter truth in a bank that accountability is never fixed on officers who caused the assets to become bad but fixed on officers who is not perfect Yesman of his bosses.
As such if one has to remain in power, he or she must learn the art of flattery and bribery. Let the bank go to hell, let the assets turn from good to bad and from bad to worst, but do not forget to extend red carpet welcome to bosses when they visit to your branch, do not forget to offer golden and diamond gifts to bosses whenever you met them and take care of all persons, goods and services which and whom bosses like.
For God sake, please do not dare express verbally or in writing such truths which may hurt your bosses even if you sincerely feel that expression of such truth may save your lovely bank from considerable losses.
Please keep in mind that since all bad assets which were created and concealed by top executives during their posting as branch head or regional head are now exposed due to RBI’s directive to declare NPA only as per system. As such even CMDs and EDs are getting the same humiliating treatment when they meet Ministers, Finance Secretaries, and senior officers in various regulating offices and even in press conferences .General Managers are rebuked by CMDs and EDs and then GM rebukes DGMs and AGMS and in the same way culture of firing percolates down the level and upto field officials.
In such environment, willingly or unwillingly one is tempted to adopt corrupt path of flattery and bribery or that of remaining a silent spectator tolerating all stresses and strains GENERATED DUE TO HIS POOR OR so called non performance. Former keeps one healthy and pleasant whereas the later makes him sick of several diseases.
Now you have to decide what is good and what is bad for you.
It may be kept in mind that if the loan sanctioned by you become NPA and loss asset I future, you have several common excuses to offer before bosses such as , “there is global recession”, “sir loan became bad due to high rate of interest”, “due to bad weather business could not yield desired result” and so on.
Even CMDs and EDs are putting such excuses before MOF and RBI for unprecedented rise in bad assets in their bank. There is none to accuse you of indulging in bribery and neither can anyone prove it .
No action can be initiated against you even if the account goes bad because management also fear that punitive action may adversely affect the lending programme and bank may fail to achieve the target set for credit growth.
There is no valid excuse for non achievement of lending target but there are several acceptable excuses for asset turning bad and for non recovery in bad accounts.
If you are flatterer and yesman , your all sins even that of bribery and on performance are excused, but if you pose to be perfect you have to face the music of modern era and invite several diseases and family problems.
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