Manmohan Singh Advises to Respect Principles of Democracy, Even If Such Decision Taken Are Of A Gang of Blind Followers, Or OF Crowd, Mob, or Hooligans

It is important  to mention here at the outset that if all MPs (ruling and opposition parties) come together and unanimously decide to increase their salaries, allowances and perquisites, the impact to this vast country is insignificant.

But if all MPs after receiving five crores rupees as bribe  or after hundred crore rupees as political fund decide to allot costly mines and costly land or acquire fertile land of farmers worth thousands of crores of rupees to corporate houses free or at negligible cost, the loss to the country will be enormous , voluminous, recurring and dangerous too.

Suppose a corporate house pays Rs.five crore in cash or in kind to each and every Members of parliament and in lieu of that government by majority sanction allotment of 1000 acres of land worth one thousand crores of rupees to a corporate house at cost of say five crore rupees only. No one will be left to protest such dangerous decision taken by majority vote of Parliament. If team like Team Anna or TEAM Ramdeo protest from outside the Parliament t , they will be accused of showing disrespect to Parliament and temples of democracy.

Suppose a company pays five crore rupees to each member of Board of the bank and each members of Credit Approval Committee and  top management credit approval committee and in return the  board of directors and Credit approval Committee of the bank approves loan of Rs.5000 crores and after a year or two the company becomes defaulter and the loan goes bad. In such position who will be held responsible and who will be punished if the decision of the board and CAC was though by majority and democratic but was not a prudent business decision and the  decision taken was ill-motivated.

If teachers of a school unite together and sell the question papers set by them to students to earn illegal income and it is supported by corrupt student, the act is called as majority supported and hence democratic. Normally teachers are blind supporter of a corrupt principle and the teacher who try to flaw against the current of the river is sidelined or  thrown out on flimsy ground .

 If top bank officials at central office of a bank  unite or in a greed to keep their Chairman and Managing Director happy ( expecting better posting and quick promotion) and by unanimous decision  pass a resolution by board to recruit officer in higher scale and pay higher salary to their relatives thus recruited, this will also be called as democratic and justified from legal angle of consideration. In state run banks , top bankers are committing fraud in the same way by paying higher salary to newly recruited though they are doing the same job as officer recruited in scale I or staff recruited as clerk or thirty years old employees are doing.Is it not fraudulent act though the same is democratic and set norms of the bank? I say democratic because all such ill motivated decisions are taken by taking support of majority ntrade union leaders. 

Similarly if each member of a board is paid a bribe of one crore rupees and the board in turn decide to write off loan of Rs. Say 1000 crores to a business house. Loss to the bank will be irreparable because the decision was a joint decision taken in a democracy way.

Majority decisions are not always good and acceptable. Bitter truth is that majority more often than not cause much loss than situation where corrupt person is having minority of person backing .It is therefore necessary to judge the actual loss caused by allotment of coal mines license in the eye of CAG report even if the decision was taken by UPA singly or jointly with BJP

After all 90% of Indian population is illiterate and unaware of politics or policies of democracy and the most of residual 10% of population are having fear of getting trapped by gang of police, politicians ,administrative officers and all officers of law enforcing agencies who more often than not work for bribe giver only
1 SEP, 2012, 05.48AM IST, SOMA BANERJEE,ET BUREAU 

Coal block allocation: PM Manmohan Singh rules out resignation; SP, Left & TDP slam BJP

Collected from ET of 01.09.12

http://economictimes.indiatimes.com/news/politics/nation/coal-block-allocation-pm-manmohan-singh-rules-out-resignation-sp-left-tdp-slam-bjp/articleshow/16094064.cms

NEW DELHI: Prime Minister Manmohan Singh on Friday categorically rejected the main opposition BJP's demand of resignation over the controversial allocations of coal blocks, even as Parliament remained stalled for the eighth consecutive day.

"Why should I be here if I was resigning?" the PM told newspersons during his return from the NAM summit. A government official said the PMO has been pressing for increased allocation of coal by Coal India and all private and state miners that have been given captive blocks.

Saying there is no question of him quitting office over the Opposition attack on the coal scam, Singh askedBJP to honour the verdict and mandate of the people.

"If I was resigning, I would not be here," the prime minister said on board his special aircraft while returning from the summit of the Non-Aligned Movement in Iran.

SP, Left & TDP Slam BJP

Singh's statement came on a day when the Samajwadi Party, which lends outside support to the government, joined the Left parties and Telugu Desam in a protest at Parliament house to demand a judicial probe into the allocations. The group, which came together to steal the thunder from the main opposition, also slammed BJP for disrupting Parliament over the report of the Comptroller and Auditor General alleging gross irregularities in allocations.

"We want Parliament to run, but at the same time we want a sitting judge of the Supreme Court to inquire into the coal allocations and all the issues raised by the CAG," said SP chief Mulayam Singh Yadav.

SP B Team of Congress: BJP

BJP leader Syed Shahnawaz Hussain hit out at SP, saying, "SP is the B team of the Congress, keeping the UPA government on life support. Those who bail out Congress, save the government from falling, should not pretend to be in the opposition." He added, "If they agree that there has been a scam in coal allocation, they should also ask for the prime minister's resignation."

A Congress leader, who did not wish to be named, also said Yadav was playing on both sides of the political fence. "By leading the protest for a judicial probe, he is trying to occupy the anti-corruption space, while at the same time holding himself distinct from BJP's more strident demand for the prime minister's resignation." "By making Amethi and Rae Bareilly VIP districts in terms of power supply, he has kept channels open with the government. The quid pro quo game will continue," he added.

My Views are given below on theory of Mr. Chidambram who tells that no loss has been caused by coal mines allocation because coal has not been mined .But astonishingly his colleagues Mr. Kapil says that Banks will suffer loss of Rs.37000 crores if the licenses issued to companies for mining of coal are cancelled.

I simply ask a question to learned ministers , when no coal has been mined , what for banks have sanctioned loan of Rs.37000 crores to companies having coal mining licenses and even if loans are sanction why did banks allow such companies to withdraw the fund when they did not start their project ?

 And if loan not yet withdrawn where is the question of assets , means bank loan of value of Rs.37500 crores going bad?

Learned and clever Finance Minister Mr. P Chidambram says that since coal is not mined from allotted coal mines, government has incurred no loss. If it is so, then why the government hesitates and delays in cancelling of all licenses issued for coal mining and start the process of auction and help in resumption of Parliamentary proceedings.

If ruling party willingly avoids cancellation of licenses issued in improper and questionable manner, it proves the malicious intention of the government behind continuance of improper process carried out in allocation of mines. Further it is more startling and astonishing that the same government has decided to stop issuance of further licenses for coal mining till revised coal policy is framed.

Obviously there is clear cut inconsistency and dishonesty in the approach of the current central government.

Members of Parliament and the media men who are extending their moral support to learned Prime Minister Manmohan Singh and who are relentlessly blaming BJP and NDA parties for creating disruption in Parliament proceedings should now blame Manmohan Singh and Chidambram and UPA government who are bent upon sticking to their improper acts, who are not ready to shed their ego and who are delaying cancellation of licenses undoubtedly due to their vested interest. If they think that no loss has occurred and no company has benefitted from coal licenses issued, they must cancel all licenses immediately and allow the Parliament to function in normal way.

In the recent past the great advocate and Minister Kapil Sibal had propagated NO LOSS theory in scam related to issuance of licenses for 2G spectrums in the same way Mr. Chidambram is now pleading NO LOSS theory in licenses issued for mining of coal. Learned Supreme Court later cancelled several licenses issued for 2G spectrum and shut the mouth of great advocate Kapil Sibal. It appears, Mr. Chidambaram is also willfully and strategically pleading NO LOSS theory to perpetuate their corrupt and foul game despite strong public movement and strong protest from opposition parties. Perhaps the current central government needs another lesson form apex Court..

Politicians of ruling party further say that BJP led three state governments are equal partner in their corrupt game. But the million dollar question is whether Supreme Court will permit corruption if ruling party and opposition party commit any fraud with the system in partnership and will people of India tolerate such misuse of authority. 

If BJP is at fault why do they delay in penalizing BJP?

Are they in search of an opportunity to deal with and bargain with BJP to continue game of corruption with the partnership of BJP or NDA?

Unfortunately in all offices and departments it has become the practice  where Chief Executive Officer of the organization continue their corrupt practices in nexus with top leaders of top trade unions to avoid disturbance in Industrial relation. Protectors have now become the partner in corrupt game; this is the main tragedy of our country.

If a game of corruption is Okayed by majority of MPs, people of India have to bear with culture of corruption because they know judiciary is also ineffective.

If in a bank, top ranked officers desire to sanction loan to unscrupulous corporate or to promote a corrupt officer, they seek green signal from leaders of trade union leaders and get success in their foul game.

Is it not misuse of majority rule or exploitation of democracy and disrespect to judiciary? If all the bidders in any contract or supply work unite and quote higher rate and share the profits among them in nexus with bid manager, it will be called as democratic process and judicious from the angle of Manmohan Singh who plead democracy and who justify his ill motivated decision on coal mines allotment only because the same was passed by majority of MP. He does not hesitate to challenge his opponent to come out with NO Confidence Vote against the government. Is it the spirit and the purpose of democratic set up?

Audit and inspections are generally conducted for finding out the irregularities, fraud, and financial indiscipline to stop malpractices and probable losses. As soon as reports are submitted by auditors, it is the duty of the government to ensure complete compliance and rectification of irregularities pointed out by auditors. Is it justified to malign the image of auditors, a Constitutional authority?

Normally Audit reports are not meant for debate and discussion and it is only when some portions of audit reports are found to be improper, incorrect, unjustifiable, biased and not related to facts and figures, the competent authority above auditors call for a joint meeting for necessary change in report or removal of objectionable portion of such reports.

CAG is a constitutional body and it is the duty of CAG to reveal the irregularities prevalent in the system. During last few years, CAG has submitted several reports pointing out several irregularities committed by UPA government which resulted in loss to the government to the tune of thousands and lacs of crores of rupees.

If all such reports are not acceptable to UPA government and if all such reports are non sense and simply bakwas, they should immediately remove such CAG and dismantle the structure of this constitutional body.

If Binod Roy the present CAG is mad and insane he should be removed or otherwise the PM, FM and the government should surrender and desist from using humiliating words for CAG. They should categorically say that what they are doing is always right and there is no need to have audit from CAG. In this way they can save hundreds of crores of rupees spent by Indian government in establishment of CAG and in carrying out audit and inspection and then in preparing bulky report.

Further if such CAG is removed, they may stop disruption in Parliament and continue with their work of legislation in Parliament.

Last but not the least ruling party UPA should immediately stop blaming opposition parties for disruption in Parliamentary proceedings and own their responsibility of proper function of not only Parliament but also other constitutional bodies as CAG. If BJP run state governments are at wrong footing, BJP must be penalized without any loss of time. After all it is the country and the people of India which are supreme, not the political parties.

Perhaps it is the culture of Congress Party to blame BJP and RSS for all their faults, to use secular card to get rid of public movement started against corruption or price rise or terrorism. If the same CAG submits a report against BJP government, there is no doubt that the same Congress Party will leave no stone upturned to take BJP to task. When BJP is accused by CAG, then only I think Congress Party will talk of respect to Constitutional Body.

Congress Party must discard their double speaking culture and stop pointing out their accusing fingers always toward s BJP and RSS for their mistakes, failures, scams and for their acts of omission and commission.

Rather Congress Party with a broader outlook should develop a habit and culture of treating all criminals and all evil doers on the same footing and with the same stick without any discrimination based on their linkages with ruling or opposing parties.

Forget 5 Day Banking ----Now SBI Suggests for 7 Days Banking

Sunday banking by end of current fiscal yr: SBI chief

TNN Sep 15, 2012, 01.55AM IST

News Published in times of India 

JAMSHEDPUR: The State Bank of India has announced introducing Sunday banking in the state soon. The Sunday banking concept is already in vogue in a few selected cities in India and probably by the end of the current fiscal year the service would be launched in Jharkhand.

SBI chairman Pratip Chaudhuri, who was here on a visit to launch a corporate social responsibility (CSR) project of the largest public sector bank in the country, has saidJharkhand is on the list of the states that have been indentified for introducing the Sunday banking model. "The thought behind Sunday banking is to provide a particular day for banking to the people who otherwise find bit difficulty to take time out of their work (in office and elsewhere) and the model is designed for urban centers (ideally)," Chaudhuri said here on Friday.

NEWS ends Here

Below Is my Observation

Now it is understood from newspaper reports  that Top Bank like State Bank of India is going to introduce 7 days banking to enhance business growth rate and to increase profitability of the bank keeping in view the rising ratio of bad assets in advance portfolio.

Dubta kya nahin karta.

It is an old proberb in Hindi ‘Bujhta diya tej roshni deta hai’.

Anyway, Employees of SBI will now have to work on Sundays and perhaps on Holidays too.

This is another step to reduce expenses on manpower, increase exploitation of staff and to make all staff so much sick and tired that they forget their families and become a worm in bank 

Further this step should open the eyes of those staff who have been wondering in dreamland since long to have 5 day banking and to spend their so called golden days in banks.

Members of officer's Association and Staff union will now understand how much their leaders are clever that they always keep members waiting for this toy or the other to serve their vested interest. They seldom care for humiliation and exploitation staff are facing and in fact do not like to understand why youth do not want to join bank or if join why do they want to leave bank job as soon as they get another job opportunity.

This exposes hollow promises made by IBA and Ministry of Finance that they will consider 5 days week for bank staff

Let us see what happens with wage revision. No doubt staff will face another setback when they read the real story of wage revision likely to happen after two three years or which may also not happen till 2017 or 2018

SBI is worried of increase in business and top management of SBI specially Sri Pratip Choudhury The Chairman of SBI think that service men in other sectors who have only Sunday as Holiday can enjoy and avail  bank’s services on Sunday if Branches of SBI are kept open. SBI visualize immense business growth on Sunday. He perhaps forgets that staffs employed in SBI have also their families behind them and they have also to take care of their families on Sunday and arrange for necessary goods and facilities on Sunday. He is not aware or he does not want to know that most of bank staff have to work late on other working days and they are already frustrated. They can do nothing for their children on working days and hence the concept of 7 days banking will multiply their agony and do nothing but add fuel to fire

When I joined the public sector bank , people used to tell stories of the past when during mid night if dogs used to bark , people used to guess that a bank employee is passing by and coming back from duty.

Fortunately for trade union leaders those days have come back. Bank employees will seldom get time to enjoy money which they will get as salary and allowances. Obviously bank employees will neither be crazy for attractive wage revision nor will put any problems to their trade union leaders. They will simply go their home to sleep in mid night and come back to office in early morning. Children of bank officer will get appointment in advance if  he or she will like to meet any of  parent

It is five days week for central government employees, multinational companies and many Indian public sector undertaking, it is alternate five days week for insurance companies, many PSUs, many private companies and many multinational companies and now it is seven day week for banks like SBI. There is no uniformity. Dubious and double speaking by politicians and leaders of most of organizations is not uncommon feature in India.

I cannot judge whether it is prudent decision or madness of SBI Chairman, but I can say categorically that it is sign of grave sickness developed in the working system in SBI and other banks. It is foolish to expect any growth in business by using the tool of seven day banking. Rather I will think it better to predict that there will be phenomenal fall in growth of business of such banks both in quality and quantity.

In private banks one can find heavy rush of customers but not same in state run banks. Due to quality of service extended by private banks, these banks have more often than not to keep their branches open till late hours in night and staff have to work late hours to finish their work .But rush of customers in banks like SBI is decreasing day by day and hence they think that they may increase business only by sitting late or by keeping branches open on Sunday. They perhaps do not understand the value of quality of service which play dominant role in growth of business.

In every street and main roads one can find shops open early in the morning and closing late in midnight. Because these shopkeepers do not get adequate sale in normal business hours and hence they think that when other good shops will pull their shutters down, customers will be constrained to come to their door to buy goods .On the other hand there are many such shops where crowd of buyers is so huge that they have to close the sale from time to time to manage the heavy rush of customers. Customers are more concerned with quality and price of product and quality of salesman. They can wait for not only few hours but days and week to purchase goods from their choice shop.

It is worthwhile to point out here that in this age of advanced technology most of the banks have extended internet banking, mobile banking, SMS banking , ATM banking and many other alternate channels for bank customers to do banking .Customers in general do not want to go to any branch of public sector banks till they require some credit faculties .It is also true that management of most of these banks   these banks want customers to do banking from outside and do not disturb them in branches and for this purpose only they give more focus on growth and marketing of alternate channels .This is one of many key reasons that these banks are going away from customers and their actual business is not showing phenomenal growth.

SBI Head Mr. Pratip Choudhury is perhaps targeting those customers who are not able to avail bank’s service by alternate channels nor by branches on week days .Now You are to judge, it is wisdom or his madness or it is simply a tool to keep fiancé Minister happy , to keep RBI officials happy and to keep himself in media coverage so that after the end of Chairmanship of SBI he may be given an opportunity to serve at more important post in RBI or MOF.

Last but not the least

After taking into consideration of all aspects of human psychology and human science, our forefather decided not only in India but in entire world that there should be limited five to eight hours of working for all class of workers giving a gap after five to six day for complete refreshment and rejuvenation of human body and human mind and for making it fit to resume work with fresh energy and vigor. They made ample provision for casual, privilege and sick leaves for service class people keeping in mind various social and family needs as also unavoidable sickness of the workers.

In the age of reformation, bank management is in favour of seven days banking as also 8 am to 8 pm banking. They do not like to sanction any leave to any staff because staffs have become indispensable for banks and they take for granted that staffs are wedded to bank not to their spouse.How unhappy lot of workers will help in boosting up the prospect of business growth in SBI can only be explained by prudent banker like Mr. Pratip Choudhury only.

SBI chairman want to extract blood not only from staff but also bent upon extracting interest on CRR which was not even imagined during last hundred years. Something unique is Mr. Pratip Choudhury. Other banks have to follow the suit .After all bankers have in built herd mentality. Their trade union leaders enjoying majority of members are also blindly relied upon by bank staff .But in this age of fraud and manipulations it is difficult to distinguish between real protectors from those who stab in the back.

In a democratic set up every right or wrong activities undertaken by a group or an organization or a government enjoying support of majority of persons are always considered as good for the country .

Team Anna or any smaller group cannot dream of any change. In this age of flattery and bribery , nothing is true and right other than what leaders speak , follow or not is not important.

Conclusion:  

Staff point of View:  

A group of musclemen can pull a horse near a pond of water but cannot force it to drink water. Similarly bank can force staff to work on Sundays and holidays and sit late hours but cannot make them devoted, loyal and sincere worker to achieve the task of customer satisfaction and delightment.

Customer point of View:  

A person can traverse even 20 kilometers to enjoy a delicious and hygienic dish of food even at higher rate. But he will try his best to avoid a hotel though situated in the vicinity of his house and serving food at cheaper rate but the quality of food served being unhygienic, not tasty and not good looking.

New generation youth like buying branded product at higher rate than buying normal cheap product.

Sale of any product depends on  

quality of product, price of product, accessible and comfort of availability of product and finally the quality of salesman selling the product.

Sale of any shop or any business does not rise even if the shop is open 24 hours and 365 days.On the contrary sale may rise by leaps and bound if the quality of product and salesmen is good.

As such SBI chairman has to rethink on his idea of seven day banking , assess its repercussion on the mindset of staff and finally the utility of such idea in a country where creation of new employment opportunity is more important than to extract work from existing employees by paying him or her petty amount of  additional pay and allowances.

SBI plans to keep branches open on Sundays to help improve biz

MUMBAI, 2012 AUG. 26: 

State Bank of India may have its branches open on Sundays to help improve efficiency, a top bank official has said.

“Possibly we would like to see Sunday working which would increase the time available for doing banking and increase the business,” Bank Chairman Pratip Chaudhuri told analysts on a conference call organised by the brokerage Edelweiss Securities.

The bank had last year taken everybody by surprise by opting to keep all its branches open on October 2 to compensate for a day’s business loss due to a technical snag.

The bank management was happy with the foot falls and the staff turnout at the branches at that time in spite of it being a Sunday as well as a national holiday — Gandhi Jayanti.

Notably, many private banks, which control only a minority share in the banking operations, keep their select branches open on Sundays for customer convenience, even though technologies such as like Internet banking have reduced the need.

Being open on Sundays is said to help the branches attract the new-age working class customers where both the spouses in a household work and struggle to do banking transactions during the week.

SBI, which has almost 14,000 branches across the country, counts on its large chunk of savings account deposits (at over 38 per cent) for higher margins.

However, if such a move were to be made, it would be interesting how the bank unions, which had crippled banking operations across the country last week protesting reform measures, take to such a proposal.

SBI had carried out widely appreciated ‘Parivartan’ programme in the early part of this decade, which helped it stay relevant in changing times and maintaining lead in the market.

During the call, Chaudhuri said the costs incurred on developing physical infrastructure and network does not hit the bank as much as staff costs.

In order to improve efficiency, it will therefore try to delegate routine responsibilities currently done by officers to the low cost junior employees, he said. PTI AA AP GK PTP 08261212

http://www.thehindubusinessline.com/industry-and-economy/banking/article3824606.ece?homepage=true&ref=wl_home

Pathetic Position of Bankers , Huge Vacant Post But Youth Avoid Joining Bank or Leave Bank in short Period After Joining

 It is reported that as many as 41,146 posts, including of officers, were lying vacant in 19 nationalised banks at the end of March 2012, the government today said. There were vacancies for as many as 20,785 officers and 12,695 clerical level posts as on March 31, 2012, Minister of State for Finance Namo Narain Meena said in a written reply in the Rajya Sabha.

If Average pay per employee is taken as Rs.3.00 lacs per annum , the expenditure saved by banks by keeping 41000 post vacant comes to 123 000 lacs i.e. 1230 crores. It means more than 25% of total profit earned by state run banks comes from exploitation of staff. As a matter of fact aggregate number of vacant post is much more than what is reported in Rajya Sabha.

That is why I use to say that government banks are indulged in same type of exploitation of staff which used to happen before nationlisation of banks in 1969, late sitting , holiday working and what not., exploitation of not only work force but also of small farmers and small traders.

For a loan of Rs.20000 to a loan of Rs.2.00 crore a business man has to run from pillar to post , offer gifts and bribe to so many persons, submit a lot of collateral securities, several certificates issued from several CA, lawyers, valuers etc whereas banks need nothing to lend Rs. 200 or Rs. 2000 crores to a corporate . Banks are ready to offer short term or long term unsecured loan to big corporate houses and to high value loan seekers without any assessment and without any collaterals. Even rate of interest charged  to small borrowers ranges from 12 to 18 percent whereas for high value loans ,it is base rate maximum, before introduction of base rate it used to much lower than BPLR , even 7 to 8 percent.

Greatest fun , surprising and unbelievable bitter truth is that these banks used to obtain high value deposit at 11 to 15 percent and offer high value loans at 7 to 10 percent of interest upto the year 2008 and 2009 and book higher profits than now only because of the fact that  these banks were master in manipulation. Now hidden truth and bitter truth of true volume of bad assets and falling ratio of profits of these is  getting exposed when RBI and MOF have raised many objections to unhealthy practices prevalent in these banks and have issued many corrective guidelines to banks. 

Norms of provisions, classification of assets, lending to corporate all have been subjected to verification and system generated. Profit of majority of banks have therefore have been falling down and ratio of bad assets is going up. 

In such position banks had only option to save expenses on manpower and hence they stopped recruitment to a great extent despite opening of hundred of branches every year and forced existing manpower to work late and on holidays. Sanctioning of leave specially to those who are good workers has become a remote possibility now a days.. 

Work culture has been badly affected and damaged  by flattery loving bosses and this is why fresh recruits  do not want work in bank and leave banks as soon as they get other better opportunity. Attrition rate is much higher in banks than in IT sector or else where.It is open secret that only those unemployed youth who are extremely weak and who do not foresee any scope of getting job in other sector continue job in bank for their livelihood.

Even existing employees who are on the verge of retirement are not giving their hundred percent because they get no recognition as flatterers get from bosses.Quality of assets is continuously deteriorating and there are none to take care of it inspite of huge pressure built by Ministry and Government of India. 

Quality of service and quality of assets is day by day deteriorating due to poor quality of manpower posted at high post , due to poor wage structure and due to unwarranted political interference and misuse of banks by politicians.

Number of Branches of Banks upto 31st March 2011 is given below:-

Bank Group	As on March 31
	2007	2008	2009	2010	2011
	(1)	(2)	(3)	(4)	(5)
State Bank of India and its Associates	14673	15848	16894	18186	18823
Nationalised Banks $	37415	39235	40937	43467	45850
Public Sector Banks	52088	55083	57831	61653	64673
Old Private Sector Banks	4826	4690	4908	5221	5028
New Private Sector Banks	2598	3634	4332	5231	6973
Private Sector Banks	7424	8324	9240	10452	12001
Foreign Banks	272	279	295	310	319
Regional Rural Banks	14822	15054	15484	15740	16034
Non- Scheduled Commercial Banks	47	47	47	48	53
All Commercial Banks	74653	78787	82897	88203	93080

Number of branches has doubled during last ten years but number of employees is more or less hovering around nine lacs since long.

As on 31st March 2002 total number of employees was 842414 , it was 858332 as on 31st March 2005 and it is almost nine lac as on 31st March 2012

Number of Branches of all banks as on 31st March 2002 was 52802 and now number of branches have reached the level of 100000 and number of ATM also reached the level of almost one lac.

Inadequate staff and poor quality of staff have resulted in sickness of banks .There is complete mismatch of not only asset and liability of every bank but also that of manpower. Average age of bank employees in government bank is more than 45.

It is important to mention here that several Peacock Award has been granted to these banks for imparting best training to their staff  or for extending best customer service or for something else on flimsy ground and manipulated concocted informations.

Over 41,100 posts lying vacant in nationalised banks

Friday, August 24, 2012

New Delhi: As many as 41,146 posts, including of officers, were lying vacant in 19 nationalised banks at the end of March 2012, the government today said. There were vacancies for as many as 20,785 officers and 12,695 clerical level posts as on March 31, 2012, Minister of State for Finance Namo Narain Meena said in a written reply in the Rajya Sabha.

There is no proposal to revive Banking Service Recruitments Board as recruitment is done by individual Banks on an ongoing basis, which takes into account the results in common examination conducted by the Institute of Banking Personnel Selection (IBPS).

The requirement of manpower in Nationalized Banks, interalia, depends upon the business volume, business growth, existing employee strength, retirements etc.  Accordingly, the Banks undertaken recruitment of staff to fill vacancies on ongoing basis as per their requirements.  

Challenge for banks: Get people to join up, stay

collected from The Hindu Business Line 

A. J. VINAYAK

L. N. REVATHY

MANGALORE/COIMBATORE, AUG 24: 
Recently, at the graduation day ceremony in a B-school near Mangalore, some students approached a former senior banker, who is the head of academic council there, for his blessings before starting off on their career in banking. He had this piece of advice for them: “Build loyalty to the organisation you work for.”
When we posed the question of loyalty to another banker, who heads the regional office of a public sector bank in Mangalore, he said: “That is for later. The first challenge is to get people to join the banking sector.”
Citing the example of his bank, he said there were over 900 vacancies for the post of officers. After completion of the selection process, hardly 200 among the short-listed candidates confirmed their willingness to join. And, finally, only 20 per cent actually joined the bank.
Lest we thought the problem was unique to his bank, he hastened to add: “This is not limited to our bank alone. It is an industry problem.”
NOT SATISFIED
Here is another instance: Four people joined a public sector bank in Mangalore city as probationary officers. No sooner had they joined the bank, than they started surfing the Net for better opportunities in other sectors. A banker in the know of this happening, said the new recruits were told about the benefits of a bank job vis-à-vis those in other sectors.
A fresher in an IT company gets a CTC (cost-to-company) compensation of Rs 3 lakh a year. “When we calculated the CTC for a fresher in a public sector bank in a place like Mangalore, it added up to around Rs 5 lakh a year. We considered only monetary gains and other incentives to the fresher, unlike the new-economy IT companies that take into account even the place where the fresher sits while calculating CTC,” the banker said.
Besides, banks also offer accommodation/quarters at some locations.
But these benefits don’t seem to impress many engineers and B-school graduates, for whom a bank job is only a stopgap arrangement. “They join a bank only because they want a job. And before long, quit to join elsewhere,” said a banker in Coimbatore. Bankers feel that management grads and engineers are overqualified for clerical jobs in a bank, yet they apply and get in because they want to be employed somewhere.
A public sector bank official says the trend is almost similar in the officer category too.
“Even if they join as probationary officers, they don’t stick on for long as in the past. They are invariably posted to the credit section and are set responsibilities. The present day youth is not prepared to take on the burden of responsibility. Youngsters feel their package is not commensurate with the hours they toil in the bank.”
METRO FOCUS
There are some who want jobs only in the metros. If employed in banks, they will have to work in villages too. This is a different kind of challenge, said a banker. Often, when candidates join and quit shortly thereafter, the vacancies are never filled.
Secretary of Coimbatore Consumer Cause Kathirmathiyon is of the view that banks should ask for a bond to control this exodus. “Such candidates are denying the opportunity to other aspirants. If they had joined a private company, they would have had to settle their dues if they quit before serving the notice period,” he said.
http://www.thehindubusinessline.com/industry-and-economy/banking/article3817060.ece?homepage=true




Khandelwal panel proposals to aggravate manpower crisis in banking'
VINSON KURIAN


http://www.thehindubusinessline.com/industry-and-economy/banking/article3627314.ece


THIRUVANANTHAPURAM, JULY 11: 
The Khandelwal Committee prescriptions on recruitments in the banking sector will only repel aspirants and aggravate manpower crisis, according to the Syndicate Bank staff body.
The committee has prescribed that fresh recruitment of clerks should be restricted to rural and semi-rural branches.
NOT WORKABLE
In the officer cadre, it has recommended that recruitment of direct officers shall be to the extent of as much as 50 per cent.
These are neither workable nor are practical, according to Mr K.S. Bhat, All-India Secretary, Syndicate Bank Staff Association.
The proposed two-day banking strike later this month would seek to highlight what he described as some of the misconceived suggestions of the committee.
Implementing them would only help aggravate the already skewed service conditions in the banking sector, he told Business Line.
For instance, raising the direct recruitment ratio of officers to 50 per cent would curtail the promotion chances of existing officers.
The recommendation with respect to recruitment of clerks could discourage aspirants and compromise manpower availability.
MANDATORY SERVICE
The Khandelwal panel has not just restricted fresh recruitments to just rural and semi-rural branches but has also prescribed a mandatory three years of service.
It is also in favour of striking up wage settlement at the bank level, rather than the industry-level, which has been the time-tested practice followed until now.
If the recommendation is accepted, each bank would have different wages, perks and service conditions, Mr Bhat said.
When service conditions of banks differ from each other, they would get reflected in the attitude towards and services delivered to customers.
In case of dispute with respect to service conditions, even courts may find it difficult to deal with it since there is no scope for a comparative study.
BARGAINING POWER
This is aimed mainly to engineer discord among the unions and reduce their bargaining power, Mr Bhat said.
As for the proposed performance management system, he said that a common, standard format for different individuals is not workable.
At present, appraisals are sought from officers only. Extending this to workmen would not only increase workload but the quality of assessment could suffer as well.
Mr Bhat admitted that there are some good suggestions in the package. But not most are, and hence the opposition from the unions.