Mumbai, February 13:-Business Line
There is enough technology in the banking system to manage a five-day week, according to the State Bank of India chief. Citing the need for work-life balance, trade unions in the banking sector have been demanding five-day week for employees. To buttress their demand, the unions have pointed out that employees of the RBI and the Central Government enjoy five-day week.
“There is enough technology out there today to manage a five-day week.
“Also, there could be something like variable working, whereby certain branches can remain open for seven-days and yet employees could be allowed to take two days off. That is also possible. Of course, that increases the number of people that you need to have,” said Arundhati Bhattacharya, Chairman, SBI.
Pointing out that SBI Group has a pretty large network of ATMs (54,479), she said.
“Also, the cash deposit machines are now being put in, of course, not sufficiently in that number. But over a period of time they will also go up. So, the depositing and taking out of cash can both be addressed.” SBI has 1,81,310 point of sale (PoS) terminals and is also enabling cash deposit at PoS.
For those people who don’t transact in cash, mobile and Internet banking are available 24x7. When asked as to when five-day banking could be ushered in, the SBI chief said, “I have no looking glass with which to forecast this.”
Bank unions want FM Arun Jaitley to step in to resolve wage hike issue -Economic times
VADODARA: Days ahead of a proposed strike by PSU banks' employee unions, a top union leader today sought the intervention of Finance Minister Arun Jaitley to resolve the over two-year-old wage hike issue.
Public sector bank employee unions have threatened to go on a nationwide four-day strike beginning February 25 over the wage hike issue.
C H Venkatachalam, General Secretary of All-India Bank Employees Association (AIBEA), said Jaitley should intervene immediately to settle the long-pending issue.
The association is a major constituent of United Forum of Bank Unions (UFBU) which has given the strike call.
"Jaitley's immediate intervention is necessary in view of the four-day strike (which coincides with Budget presentation) and also the call for indefinite strike from March 16 in support of our demands," he told PTI over telephone.
"Wage revision in the banking industry is governed by bilateral agreement between the Indian Banks' Association (the management body) and the bank unions once in five years," Venkatachalam said.
The last wage pact expired in October 2012 and hence a wage revision for bank employees and officers is due from November 2012, he said.
IBA had first bettered its earlier offer of 11 per cent wage hike to 12.5 per cent and then again to 13 per cent.
The unions, however, are demanding 19 per cent increase in wages.
Earlier, unions had deferred one-day strike scheduled for January
CBI arrests Deccan Chronicle Chairman T Venkatram Reddy-Financial Expess
The Chairman of a Hyderabad-based English daily Deccan Chronicle T Venkatram Reddy was arrested by CBI in connection with alleged default of Rs 357 crore loan from Canara Bank.
CBI sources said the arrest was in connection with a case registered by it against the company Deccan Chronicle Holdings Limited in July 2013 on the basis of a complaint from Canara Bank, Bangalore.
The agency had registered a case of alleged cheating and criminal conspiracy against Venkatram Reddy in 2013. The Bank had refused to restructure the loan taken by the company that had remained unpaid.
Reddy was taken into custody by a CBI team from Bangalore after a brief questioning, sources said.
Vice Chairman and Managing Director of the company T Vinayak Ravi Reddy has also been arrested, CBI sources said.
Bank officer’s marriage cancelled after ‘friend’ posts photos on FB -The Hindu
A bank officer’s marriage was cancelled at the last minute after her ‘friend’ posted her photos on the Facebook account of the bridegroom at Karkhana in the city on Friday.
The bride’s friend, Azad, and his two friends, Venu Gopal and Vamshi Krishna, graduates from Malla Reddy Engineering College, landed behind bars and are facing criminal charges under Nirbhaya Act (Criminal Law Amendment Act).
The 23-year-old victim from Anantapur is a junior officer in a private bank in city having completed her MBA from Osmania University. She got introduced to Azad while pursuing her degree programme in a college for women at Begumpet through a classmate.
“Messages shared by them through WhatsApp and content posted on their Facebook accounts indicated that they became friends and moved closely,” Karkhana Inspector Y. Nageswar Rao said.
The woman maintained that she had refused when Azad proposed to her a few months ago. But they continued to meet now and then along with other friends. Meanwhile, her parents fixed her marriage with a doctor’s son from Nizamabad. The marriage was scheduled for Friday in a star hotel in the city.
On learning that her marriage was fixed, Azad began pestering her to marry him and continued to send proposals to meet him through his friends. While her family members and relatives were busy attending to marriage works, Azad, Gopal and Krishna barged into the woman’s house at Sikh village on Thursday evening.
“Azad threatened her parents to perform her marriage with him showing some photos he had taken with her. The trio fled when someone called up the police,” the Inspector said. Somehow, Azad managed to secure the bridegroom’s contact number and rang him up.
He later posted the photos taken earlier with the woman on the Facebook account of the bridegroom whose family members cancelled the marriage and returned to Nizamabad. Based on the complaint lodged by the bride’s parents, police registered a case and caught the trio.
CIRCULAR LETTER NO. 27/115/2015/10, 11th February, 2015
TO ALL OFFICE BEARERS, STATE FEDERATIONS AND
ALL INDIA BANKWISE ORGANISATIONS
Dear Comrades,
Reg: Appointments under Compassionate Grounds – Option for Ex Gratia Lump sum
Units are aware that further to the Scheme on appointment on compassionate grounds issued by the IBA in August, 2014, vide our Circular Letter No. 27/103/2014/59 dated 25-12-2014 we had informed that the Government has issued their guidelines to Banks for an option to the eligible family to either opt for employment in the Bank or opt for ex gratia lump sum payment. But this did not specify the amount of lump sum.
Hence the matter was again examined by the Government/IBA and recently IBA issued their clarification circular dated 31-12-2014 stating that the lump sum amount payable to the eligible family in lieu of employment would be the same as covered in the erstwhile scheme i.e. Rs. 6 lacs, Rs. 7 lacs and Rs. 8 lacs for the family of substaff, clerical staff and officers respectively.
The Government guideline/IBA Circular has also reiterated that this option for employment or lump sum would be available only in those cases when the other conditions of compassionate appointment ( i.e. eligibility for employment ) are met.
Copy of the IBA Circular dated 31-12-2014 is furnished herein for the information of our units.
With greetings,
Yours Comradely,
C.H. VENKATACHALAM
GENERAL SECRETARY
HR & INDUSTRIAL RELATIONS
No. CIR/HR&IR/2014-15/532/1108
December 31, 2014
Chief Executives of all Public Sector Banks
Dear Sir/Madam,
Scheme of Compassionate Appointment on Compassionate Grounds in Public Sector Banks.
We refer to our circulars No. CIR/HR&IR/2014-15/532/476 dated the 11th August 2014 and No. CIR/HR&IR/2014-15 /532/693 dated 30th September 2014 on the captioned subject matter in terms of which a scheme of compassionate appointment in lieu of ex-gratia lumpsum amount has been circulated to all Public Sector Banks.
2. Now, the Department of Financial Services vide its letter F.No. 18/2/2013-IR dated the 5th December 2014 has advised that all Public Sector Banks can have both the options i.e. compassionate appointment or payment of lumpsum ex-gratia amount. However, any of these two options can be used only when the other conditions of compassionate appointment are met.
3. In this connection, we advise that as the Department of Financial Services, vide their above mentioned letter has clearly mentioned that any of two options can be used only when the other conditions of compassionate appointment are met, it is apparent that the terms and conditions applicable to compassionate appointment shall be made applicable to payment of ex-gratia lumpsum amount also. Please incorporate the payment of ex-gratia in the scheme circulated vide our circular dated 11th August 2014. There is no change in quantum of ex-gratia amount as per the scheme circulated vide our circular dated 19th July 2007.
Yours faithfully,
Sd/-
K. Unikrishnan
Deputy Chief Executive
CIRCULAR LETTER NO. 27/115/2015/10, 11th February, 2015
TO ALL OFFICE BEARERS, STATE FEDERATIONS AND
ALL INDIA BANKWISE ORGANISATIONS
Dear Comrades,
Reg: Appointments under Compassionate Grounds – Option for Ex Gratia Lump sum
Units are aware that further to the Scheme on appointment on compassionate grounds issued by the IBA in August, 2014, vide our Circular Letter No. 27/103/2014/59 dated 25-12-2014 we had informed that the Government has issued their guidelines to Banks for an option to the eligible family to either opt for employment in the Bank or opt for ex gratia lump sum payment. But this did not specify the amount of lump sum.
Hence the matter was again examined by the Government/IBA and recently IBA issued their clarification circular dated 31-12-2014 stating that the lump sum amount payable to the eligible family in lieu of employment would be the same as covered in the erstwhile scheme i.e. Rs. 6 lacs, Rs. 7 lacs and Rs. 8 lacs for the family of substaff, clerical staff and officers respectively.
The Government guideline/IBA Circular has also reiterated that this option for employment or lump sum would be available only in those cases when the other conditions of compassionate appointment ( i.e. eligibility for employment ) are met.
Copy of the IBA Circular dated 31-12-2014 is furnished herein for the information of our units.
With greetings,
Yours Comradely,
C.H. VENKATACHALAM
GENERAL SECRETARY
HR & INDUSTRIAL RELATIONS
No. CIR/HR&IR/2014-15/532/1108
December 31, 2014
Chief Executives of all Public Sector Banks
Dear Sir/Madam,
Scheme of Compassionate Appointment on Compassionate Grounds in Public Sector Banks.
We refer to our circulars No. CIR/HR&IR/2014-15/532/476 dated the 11th August 2014 and No. CIR/HR&IR/2014-15 /532/693 dated 30th September 2014 on the captioned subject matter in terms of which a scheme of compassionate appointment in lieu of ex-gratia lumpsum amount has been circulated to all Public Sector Banks.
2. Now, the Department of Financial Services vide its letter F.No. 18/2/2013-IR dated the 5th December 2014 has advised that all Public Sector Banks can have both the options i.e. compassionate appointment or payment of lumpsum ex-gratia amount. However, any of these two options can be used only when the other conditions of compassionate appointment are met.
3. In this connection, we advise that as the Department of Financial Services, vide their above mentioned letter has clearly mentioned that any of two options can be used only when the other conditions of compassionate appointment are met, it is apparent that the terms and conditions applicable to compassionate appointment shall be made applicable to payment of ex-gratia lumpsum amount also. Please incorporate the payment of ex-gratia in the scheme circulated vide our circular dated 11th August 2014. There is no change in quantum of ex-gratia amount as per the scheme circulated vide our circular dated 19th July 2007.
Yours faithfully,
Sd/-
K. Unikrishnan
Deputy Chief Executive
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