Office of the Central Public
Information Officer
OCPlO/CO/361 /77V /18
10 sep, 2018
Mr. Y.V JANARDAN MURTHY
FLAT NO -4, MARUTY APARTMENT VEERAIAH STREET , MARUTHINAGAR
VIJAYWADA (ANDHRA PRADESH) PIN: 520004
Dear Sir,
Request for information under Right to Information Act. 2005 (RTIA)
This has reference to the online RTI request filed by you on 11.08.2018, seeking information about employees Pension Fund .
We have sought assistant of the departments concerned and based on the information provided by them, we are providin information as under;
No. Query Reply
1. Query 1 In exercise of powers conferred by clause (f) of sub section (2) of section 19 of the Banking Companies (Acquisition and Transfer of Undertaking ) Act , 1970 . The employer has adopted the Pension regulation notified by the Central Government on 29th September , 1995 and published in the Official gazette in the name and style of Union Bank of India (Employees) Pension regulation , 1995 (hereinafter referred to as the
Details of Trustees
Name Date of appointment
Shri Raj Kamal verma 30.08.2018
Shri Brajeshwar Sharma 14.06.2018
Shri D.Chiranjeevi 14.06.2018
Shri Padma Neelkantan 06.06.2015
Shri Debasis Ghosh 08.07.2013
Shri Pronobendu Bhattacharjee 14.06.2018
In case you are aggrieved, you may prefer an appeal before the Appellate Authority, under Section 19 (1) within 30 days from the date of receipt of this letter, whose address is as under:
Shri P.R.Rajagopal,
General Manager (Law)
Appellate Authority under RTIA Union Bank of India
239, Vidhan Bhavan Marg
Nariman Point, Mumbai 400 021
Thanking you,
Yours faithfully,
(Central Public Information Officer)
Union Bank Bhawan,44th floor
239 Vidhan Bhawan Marg
Nariman Point Mumbai 400 021
T +91 22 2289 6809, F + 91 22 2285 6166
___________________________________
Message received on WhatsApp
WHO WILL SEEK AMENDMENTS TO PENSION REGULATIONS OF PS BANKS? CAN RBI RETIREES BE TREATED DIFFERENTLY FROM OTHER BANK RETIREES ON UPDATION OF PENSION? R.C.DHAND
The Reserve Bank of India (RBI) is preparing a list of recommendations to be sent to the Union government seeking amendments to RBI Pension Regulations, said two people aware of the development.
While RBI retirees used to receive pension in line with central government employees, the scheme was withdrawn by the government in 2008. The unions of the central bank had recently called for a mass casual leave protest, which was withdrawn after a letter from the government to RBI asking for recommendations on changes required.
One of the persons cited above said the central bank will recommend the inclusion of a clause in the pension regulations that allows RBI pensioners to receive updated pensions at par with government retirees. “Apart from the updation clause, RBI will also have to specify at what intervals the pension should be updated,” the person said.
An email sent to RBI remained unanswered till press time.
On 8 August, before the RBI’s central board meeting, the unions submitted a representation to the members of the board. Following the meeting, Urjit Patel, governor, RBI, wrote to the finance ministry on 9 August requesting resolution of pension-related issues. On 31 August, the finance ministry responded that RBI should send proposals for changes in RBI Pension Regulations.
The union said in a statement on 3 September that the government’s letter is a departure from the past when in its letter of 24 February it negated their demand on grounds of “expenses and contagion effect”. According to another statement from the RBI union on 28 August, as central government improved pension periodically with every pay revision through pay commissions, the RBI pension was brought in alignment with the pay scale of 1997-2002 covering pensioners up to October 2002. It said that while central government pensions are borne by the exchequer, RBI pensions come from its pension corpus fund, which now stands at ₹16,000 crore. It is to be noted that the RBI has paid ₹2.65 trillion in dividend to the government in the last five financial years FY2014-18.
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At last government has taken initiative through vigilence department to stop non banking activities undertaken by banks
Another Good step taken by GOI is as follows
The government has asked smaller state-run banks to consolidate operations in the same geography, close overlapping branches and avoid competing with larger banks and instead focus on niche areas, a senior finance ministry official told ET.
C N VENUGOPALAN
Former Director (GOI Nominee) State Bank of Travancore &
Ex Manager Union Bank of India
“Nandanam” Kesari Junction, North Paravur, Kerala -683 513 Mob: 9447747994 E – Mail: ceeyenvee@gmail.com
No.MOF:41 22nd Sep. 2018
The Secretary ( Banking ),
Dept. of Financial Services, Government of India, Ministry of Finance,
Parliament Street, New Delhi – 100 001
For kind personal attention of Shri. Rajiv Kumar
Dear Sir,
Money from the exchequer lying with Indian Banks’ Association
I invite your kind attention to the following contained in the annual report for 2015-16 of the Indian Banks’ Association:
“Advance received for which value is still to be given of Rs.5,03,56,472/- includes Rs.1,36,46,220/- ( Previous year Rs.1,36,46,220/-) being unspent amount for joint publicity of Public Sector Banks from Government of India, Ministry of Finance, Department of Economic Affairs, ( Banking Division) vide letter dated 22.10.95, received in April, 1999.”
The above statement shows that out of the Rs.5.04 Crores paid to IBA in in April, 1999 for common publicity on government programmes, Rs. 1.36 Crores is unspent and enjoyed by IBA causing loss of revenue to the government and unlawful gain to it by way of interest on it.
It may kindly be clarified whether the amount has been paid to IBA on the basis of work awarded through competitive tenders or simply on a monopoly basis and whether any steps are afoot for collecting the amount back together with interest.
Thanking You,
Yours faithfully,
C N VENUGOPALAN
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