I lastly may say that Mr. Bhasin has been awarded for his boldness in suspending his GM ranked officer for failing to open gate of his car on his arrival at Airport and suspending several employees when his bank was exposed in Cobrapost Disclosure.
T M Bhasin elected as Chairman of Indian Banks Association
T M Bhasin was elected as Chairman of Indian Banks Association (IBA) on 20 August 2014. He will be the Chairman of IBA for 2014-15.T M Bhasin is the chairman and managing director of Indian Bank.
You Should also Raad About T M Bhasin in this link
K R Kamath, who is the chairman and managing director of Punjab National Bank, was the previous chairman of this Association. K R Kamath was chairman for two consecutive tenures, that is, 2012-13 and 2013-14.
You Should also Read ---Are Top Officials Innocent
Besides, Chanda Kochhar who is ICICI Bank's managing director, Arun Kaul, CMD of UCO Bank and S L Bansal who is the head of Oriental Bank of Commerce have been elected as the deputy chairpersons of the association. Arundhati Bhattacharya, chairperson of State Bank of India was elected as Honorary Secretary of IBA for 2014-15.
Interesting Cases of Power promoting Culture of Flattery and Bribery
About Indian Banks Association
- The Indian Banks' Association (IBA) was formed on the 26 September 1946 with 22 members. As on 1 April 2014 IBA has 189 members.
- Homi P Mody was the First Chairman of IBA.
- IBA is an association of Indian banks and financial institutions. It is based in Mumbai.
- The members comprises of Public Sector Banks, Private Sector Banks, Foreign Banks having offices in India and Urban Co-operative Banks.
- To promote education and knowledge of the law and practice of banking.
- To promote and develop in India sound and progressive banking principles, practices and conventions and to contribute to the developments of creative banking.
- To organize co-ordination and co-operation on procedural, legal, technical, administrative or professional problems and practices of banks and the banking industry.
- To maintain close co-ordination and liaison with Reserve Bank of India, All Financial Institutions, Chambers of Commerce, Organisations of Banking Industry, Management or Educational Institutes, Universities and such other Organisations for realizing the subject and purposes of the Association.
- To promote harmonious personnel relations in banking industry and to devise ways and means for involving banking personnel in the endeavors of banks for growth and development of banking and the economy of the country.
Locked out of car, Indian Bank CMD Mr. T M Bhasin slams door on regional head
Being locked out with car keys inside may be a common mistake, but a senior executive of a public sector unit (PSU) bank could pay with his job for it — for the person left stranded was his boss.
The Mumbai Zonal Manager of Indian Bank, Banabihari Panda, has been suspended for failing to provide "minimum basic courtesies" to the bank's Chairman and Managing Director (CMD) T M Bhasin on his arrival at Mumbai airport from Chennai last Thursday night. The charge faced by Panda, who holds the rank of General Manager, is that he kept the CMD waiting at the airport for over an hour as the keys got locked in when luggage was being loaded into the car.
Panda has apologised for the incident, explaining to the Executive Director of the bank in a May 20 letter that the car got locked accidentally, resulting in the CMD being stranded for "about 25 minutes". In the detailed reply, Pande also writes that he made alternative arrangements, hiring a taxi and arranging "two sets of new dhotis and towels" for Bhasin through a friend, and later running around till late in the night to organise a duplicate key.
Finally, he says, he was able to deliver Bhasin's luggage at the guest-house by 1 am. The manager cites his 34 years of experience as an officer and pleads that he has always been sincere in his duties, and never took even the matter of the locked keys casually. Panda and a junior executive had gone to the airport to receive the CMD on Thursday night. While they were overseeing loading of Bhasin's luggage into his car, the vehicle got locked. The keys were in the ignition as the air-conditioning was on. "...
Our CMD could not enter the vehicle to proceed to guest house. CMD was made to wait for more than of hour (sic) at the airport and could leave in alternative taxi arranged without baggage," the detailed suspension letter, sent by V Rama Gopal, Executive Director of the bank, reads. By failing to extend "minimum usual basic courtesies" to the CMD, the suspension letter says, Panda had "failed to discharge" his duty. The letter also accuses Panda of not handling things properly and displaying behaviour "unbecoming of official in the Top Management cadre of the Bank".
On May 21, Panda sent another letter, this one addressed to the CMD himself, recalling how the latter had asked for a two-minute silence at a meeting of general managers and zonal managers on March 23 as respect for Panda's dead wife. "When the same Chairman and Managing Director ordered for my suspension, I could fathom the gravity of the event leading to the decision."
Despite several attempts, Bhasin could not be contacted for a reaction. The CMD's office staff declined to put him on the phone and dismissed the issue as an "internal matter" of the bank. The Chennai-based corporate communications manager of the bank also declined to comment.
Cobrapost fallout: Indian Bank suspends employee
Chennai, May 9:
State-owned Indian Bank today said it has suspended an official who is accused of wrong doings by an online portal in an expose.
The bank has also initiated the exercise to bring all operative accounts with it under KYC norms.
Indian Bank Chairman and Managing Director, T M Bhasin said here that the bank has placed under suspension R Manohar, Assistant General Manager at the South Delhi branch, for giving “hollow” advices to public.
“I got the information about 11.30 am on that day and immediately I went through the entire Webcast. He has given ’hollow’ advices...by hollow advices he has given wrong information. And since he has given such wrong advices, we took a call on suspending him,” Bhasin said.
Online portal Cobrapost in its second expose on Monday had accused 23 public and private sector banks and insurance companies, including Indian Bank, besides SBI and LIC of “running a nation-wide money laundering racket”.
The expose had prompted the Union Finance Ministry and IRDA to initiate independent investigations into the matter.
The Cobrapost expose, Bhasin further said, was also discussed during the board meeting.
“We have gone through it. In fact, in our board meeting held today, we had a detailed discussion about this matter. It is (a case of) jumping the gun by the concerned manager of the bank,” Bhasin said.
Indian Bank has begun the exercise of making all its “operative” accounts KYC (Know Your Customer) compliant, he said, adding a circular in this regard was being issued.
According to Bhasin, 98 per cent of accounts are under KYC norms at present, and by June 30, 2013, efforts would be made to make it 100 per cent.
“We have also offered online trading platform (to customers) and the managers have been educated to train the employees…” he said.
Tale Of A Criminal Banker (CMD of A Bank )
The Tale Of A Criminal Banker - TM Bhasin Posted on Aug 31, 2013 ( collected from Facebook ---Written By Trichur Vaidyanathan)
Will Indian Bank's criminal boss TM Bhasin whose questionable activities include alleged cavorting with international terrorist gangster Dawood Ibrahim to ruin India's banking industry escape richly deserved imprisonment for forgery fraud under the garb of Regular Departmental Action [RDA]?
Among other things, Bhasin has been charged with stealing thousands of crores of rupees from clients’ accounts, destroying careers of his subordinates [like suspending a General Manager one B Panda for his car doors not opening], selling/leasing properties belonging to his close relatives to the institutions he worked/works for at highly inflated prices and attempting to destroy India’s international banking poster institution – Bank of Baroda by conniving with gangster Dawood Ibrahim dragging a well-known television channel into the vortex of a criminal conspiracy in the bargain.
On Page 18, the Times of India’s Chennai edition dated August 31 2013 has a news item says:
The Central Vigilance Commission (CVC) has sought action against Indian Bank CMD TM Bhasin and former ED V Ramgopal for “high-handedness, arbitrariness and manipulation” of appraisal reports of Malay Mukherjee, a general manager in the bank, with a view to deny him a promotion.
While the finance ministry has not initiated action against the two executives, the CVC has also sought action against Shreya Guha, a director in the ministry, for lapses in conducting enquiry against Bhasin and Ramgopal. For the finance ministry, this the second embarrassment in less than a month as the watchdog was critical of the role performed by the Appointments Board in recommending M O Rego for the post of IDBI Bank deputy MD, the report further says.
Seeking regular departmental action (RDA) against the two top-raking Indian Bank executives, CVC had told the finance ministry that Mukherjee's performance for 2009 had been reviewed by the then ED A S Bhattacharya and M S Sundarrajan, who was then the CMD of the Chennai-headquartered bank. Bhasin and Ramgopal were not required to appraise Mukherjee for 2009-10 as he had not worked with the two executives, the report adds.
The complaint pertaining to Bhasin’s complicity in forging the appraisal report that ought to have elevated Malai Mukherjee to be a director of the public sector banking – filed by one TSV Hari – the poor old me – has been pending since the past two years plus.
[Emphasis added]
Currently, Malai Mukherjee is a director in Central Bank of India. Sources had told me that several attempts had been made to force Mukherjee to withdraw his complaint.
A director from the Union Finance Ministry Shreya had been evasive when I had questioned her about the enquiry she was to conduct last year on serious charges against senior officials of Indian Bank.
I have strong suspicions that Finance Minister P Chidambaram is shielding TM Bhasin simply because the FM’s businessman son Karti is said to be close to Bhasin.
Bhasin and Karti have been seen together several times.
I had sent an open letter to P Chidambaram several months back.
Will Indian Bank's criminal boss TM Bhasin whose questionable activities include alleged cavorting with international terrorist gangster Dawood Ibrahim to ruin India's banking industry escape richly deserved imprisonment for forgery fraud under the garb of Regular Departmental Action [RDA]?
Among other things, Bhasin has been charged with stealing thousands of crores of rupees from clients’ accounts, destroying careers of his subordinates [like suspending a General Manager one B Panda for his car doors not opening], selling/leasing properties belonging to his close relatives to the institutions he worked/works for at highly inflated prices and attempting to destroy India’s international banking poster institution – Bank of Baroda by conniving with gangster Dawood Ibrahim dragging a well-known television channel into the vortex of a criminal conspiracy in the bargain.
On Page 18, the Times of India’s Chennai edition dated August 31 2013 has a news item says:
The Central Vigilance Commission (CVC) has sought action against Indian Bank CMD TM Bhasin and former ED V Ramgopal for “high-handedness, arbitrariness and manipulation” of appraisal reports of Malay Mukherjee, a general manager in the bank, with a view to deny him a promotion.
While the finance ministry has not initiated action against the two executives, the CVC has also sought action against Shreya Guha, a director in the ministry, for lapses in conducting enquiry against Bhasin and Ramgopal. For the finance ministry, this the second embarrassment in less than a month as the watchdog was critical of the role performed by the Appointments Board in recommending M O Rego for the post of IDBI Bank deputy MD, the report further says.
Seeking regular departmental action (RDA) against the two top-raking Indian Bank executives, CVC had told the finance ministry that Mukherjee's performance for 2009 had been reviewed by the then ED A S Bhattacharya and M S Sundarrajan, who was then the CMD of the Chennai-headquartered bank. Bhasin and Ramgopal were not required to appraise Mukherjee for 2009-10 as he had not worked with the two executives, the report adds.
The complaint pertaining to Bhasin’s complicity in forging the appraisal report that ought to have elevated Malai Mukherjee to be a director of the public sector banking – filed by one TSV Hari – the poor old me – has been pending since the past two years plus.
[Emphasis added]
Currently, Malai Mukherjee is a director in Central Bank of India. Sources had told me that several attempts had been made to force Mukherjee to withdraw his complaint.
A director from the Union Finance Ministry Shreya had been evasive when I had questioned her about the enquiry she was to conduct last year on serious charges against senior officials of Indian Bank.
I have strong suspicions that Finance Minister P Chidambaram is shielding TM Bhasin simply because the FM’s businessman son Karti is said to be close to Bhasin.
Bhasin and Karti have been seen together several times.
I had sent an open letter to P Chidambaram several months back.
Chennai-based Indian Bank saw its net profit fall 35 per cent to Rs 207 crore during the quarter. T M Bhasin, chairman and managing director, said in the corresponding period of previous year there was an 'exceptional gain' of Rs 314 crore, reduced to 36 crore in the first three months of this financial year. "In the next quarter, as the market conditions improve, we would be able to perform better on this count," he said
http://importantbankingnews2.blogspot.in/2014/07/public-sector-bank-profit-fall-npa-rise.html
The Central Vigilance Commission (CVC) has sought action against Indian Bank CMD T M Bhasin and former ED V Ramgopal for "high-handedness, arbitrariness and manipulation" of appraisal reports of Malay Mukherjee, a general manager in the bank, with a view to deny him a promotion.http://dkjain4970901092007.blogspot.in/2013/08/cmd-indian-bank-and-ex-ed-caught-by-cvc.html
| Chairman & Managing Director of Indian Bank | |
| Shri T.M. Bhasin has assumed charge as Chairman & Managing Director of Indian Bank on 1st April 2010. Prior to assuming charge as Chairman & Managing Director, he was Executive Director of United Bank of India since 7th November 2007. |  |
| His brief Curriculam Vitae is as under:- | |
Joined Oriental Bank of Commerce (OBC) as Probationary Officer on 17th June, 1978, and served in different capacities till 6th November, 2007, interalia :-.
Consequent upon due selection process by Government of India and Reserve Bank of India, Shri T M Bhasin was selected and appointed as Executive Director in UNITED BANK OF INDIA with effect from 7th November 2007. Government of India appointed Shri T M Bhasin as Chairman and Managing Director of Indian Bank with effect from 1st April 2010: EDUCATIONAL & PROFESSIONAL QUALIFICATIONS of Shri T M Bhasin are as under:-
Accomplished research under C.H. Bhabha Research Scholarship Scheme of IBA 1999-2000 on “E-Commerce in Indian Banking”.
Shri Bhasin is a member of various Boards and Governing bodies of reputed organizations such as
| |
God, can't believe thse kind of people excel in Banking
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