Bank Union AND Bank
Management Already Work In Nexus With Other For Mutual Benefits,. There was a
time when they used to be at daggers drawn to each other. During last two
decades there has been a paradigm shift in this attitude. Earlier bank unions
used to protest all ill activities of the management and there was a hidden
fear in the minds of corrupt leaders and we observe that banks were
comparatively safer in those days if we assess the present health of banks
honestly.
In the name of
reformation i.e. after the launch of reformation policies, leaders of bank
unions slowly started working cohesively for their mutual self interest.
Corrupt leaders keep leaders of unions happy to perpetuate their corrupt
activities .Large scale corruption in recruitment, promotion, transfer,
lending, project financing, waiver of loan, awarding of contractual works
compromise settlements with willful defaulters etc have been found and pointed
out so many times by several whistle blowers. But unfortunately the reign of
injustice and rule of corrupt leaders go unchecked and unbridled only because
union leaders are also shareholders in such fraudulent activities
This is why volume of
bad assets grew due to bribe based lending in all government run banks. Union
leaders never objected to illegal and unethical activities of the corrupt top
bankers only because they too served their vested interest indirectly by
keeping mum on all cases of corruption. Union leaders never stop opening of
accounts and neither do they promote good culture. They spend their most of the
time in saving corrupt officers who are corrupt and exposed by some media men
or some aggrieved customers or by some aggrieved staff of banks.
In the past union
leaders used to talk to management of unjustified transfers and unjustified
rejection of good officers but in the modern era they use to plead for saving
bad officers and plead for good posting of bad officers , recommend to
interviewers for selection and promotion of bad officers , recruitment of
their friends and relatives and at the same time support top bankers
secretly in rejection of good officers and transfer of good officers to
critical places if they do not flatter to union leaders. As such union leaders
are second side of the same coin which is represented by top ranked officers of
bank management.
Before the actual
start of interview for promotion processes taking place in Banks , leaders of
bank union and top ranked bank officers sit together and finalise a list of
officers to be promoted and hence interview becomes a farce, a futile exercise
to reject good officers and pick officers as per whims. They rape the spirit of
merit oriented promotion polices and that of merit oriented recruitment process
jointly and unfortunately the aggrieved officers do not have any say in the
system .
This is why actions
are never taken against corrupt bankers, accountability is never fixed against
top bankers whose bad decisions caused rise in NPA and none of corrupt officer
is punished when he is found to indulge in fraudulent activities or irregular
lending if these corrupt officers are flatterer of union leaders as well as
that of big bosses..
I therefore like to
say respected Mr. K. C. Chakravorty Dy governor RBI that union leaders are
already working in support of each other, but not for the welfare of customers
or for the benefit of staff but to serve the malicious purpose of each other.
Union Leaders and top executives work as partners in a firm to earn profit for
their own families and for this purpose they openly or secretly misuse and
abuse their power of existence. They know the weakness of judiciary and they
know the art of shutting the mouth of revolutionary officers and buy the
advocates who file cases in courts against the ill-motivated acts of management
or union leaders.
Bank unions should
work together with managements: RBI Dy Gov
Kochi: RBI Deputy Governor K C Chakrabarty on Sunday urged Bank unions to work together with managements to come out with an integrated system to make banking services available to everyone.
"The time has come that Bank unions should work with managements to come out with an integrated service to make banking services available to everyone," he said.
He was speaking at a seminar on 'Banking as fundamental right of people', organised as part of the 27th National conference of All India Bank Employees Association here.
"We need strong and responsible trade unions in the banking system so that trade union and managements can fight market forces and help in making services available to all. Banking services should be available at everyone's doorsteps," he said.
Pointing out that the trade union movement had played an important role in making service of bank employees respectable in the sector, he said, "We want a strong trade union movement in the banking system as it is a pre-condition for a strong management in the bank."
Banking is not a service provided by state. It has to be provided on commercial lines. There is need to bring down transaction costs, to make it affordable.
"We need to collectively work to bring down transaction cost so that banking service will be affordable," he said, adding there was also need to provide fair, transparent and reliable service.
If banking is to be made a fundamental right, this rule would be applicable not only to public sector banks, but to every other bank including private and cooperative, he said.
Opening of bank accounts is a fundamental right in the US, UK and European countries.
"In India, opening a bank account cannot be refused. But it still does not happen. Even after 40 years of nationalisation of banks, we are saying banking should be a fundamental right.
"Banking industry is the only industry where workmen have representation in the board. But still why has banking not gone to everybody? Why it has not gone to everyone? We are collectively responsible for this situation," he added.
Kochi: RBI Deputy Governor K C Chakrabarty on Sunday urged Bank unions to work together with managements to come out with an integrated system to make banking services available to everyone.
"The time has come that Bank unions should work with managements to come out with an integrated service to make banking services available to everyone," he said.
He was speaking at a seminar on 'Banking as fundamental right of people', organised as part of the 27th National conference of All India Bank Employees Association here.
"We need strong and responsible trade unions in the banking system so that trade union and managements can fight market forces and help in making services available to all. Banking services should be available at everyone's doorsteps," he said.
Pointing out that the trade union movement had played an important role in making service of bank employees respectable in the sector, he said, "We want a strong trade union movement in the banking system as it is a pre-condition for a strong management in the bank."
Banking is not a service provided by state. It has to be provided on commercial lines. There is need to bring down transaction costs, to make it affordable.
"We need to collectively work to bring down transaction cost so that banking service will be affordable," he said, adding there was also need to provide fair, transparent and reliable service.
If banking is to be made a fundamental right, this rule would be applicable not only to public sector banks, but to every other bank including private and cooperative, he said.
Opening of bank accounts is a fundamental right in the US, UK and European countries.
"In India, opening a bank account cannot be refused. But it still does not happen. Even after 40 years of nationalisation of banks, we are saying banking should be a fundamental right.
"Banking industry is the only industry where workmen have representation in the board. But still why has banking not gone to everybody? Why it has not gone to everyone? We are collectively responsible for this situation," he added.
2 comments:
There cannot be words more appropriate than this. Union leaders nowadays, speak the same language as spoken by managements, against whose vindictive move, they have to provide shields of protection to their common members.i salute Mr Jain to bringing this out, without fear. But I have full confidence in judiciary for meting justice to aggrieved bank employees, as vindicated by more and instances of bank managements getting admonished up by judiciary. Bank employees, in recent times, seen as approaching and relying on judicial authorities than these ill informed union secretaries.It is a good trend.
There cannot be words more appropriate than this. Union leaders nowadays, speak the same language as spoken by managements, against whose vindictive move, they have to provide shields of protection to their common members.i salute Mr Jain to bringing this out, without fear. But I have full confidence in judiciary for meting justice to aggrieved bank employees, as vindicated by more and instances of bank managements getting admonished up by judiciary. Bank employees, in recent times, seen as approaching and relying on judicial authorities than these ill informed union secretaries.It is a good trend.
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