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FROM THE EDITOR�S DESK
Comrades,
At the outset, I, on behalf of the SBIOA, North East Circle, extend our heartfelt greetings for the
New Year 2017 to all of you and your families. Comrades, 2016 has come and gone leaving us
with a few of unresolved challenges that we will continue to address in this New Year. The issues
of the payment of North East Allowance and the acute shortage of officers in our circle are amongst
some of the major unresolved challenges that we must continue to fight for. I also take this
opportunity to congratulate each one of you for your relentless efforts post the demonetization
move announced by our Prime Minister.
As we are aware that the Bankers are at the forefront, across the zero line, yet again. It almost
transpires that we Bankers, especially State Bankers, have developed a propensity for finding
ourselves at the leading end of so many emergencies and exigencies related to banking and allied
activities.
After the frenzied opening of accounts under PMJDY, under which we opened approximately
39.77 lac PMJDY accounts in the Circle, we Bankers were immediately given the task of marketing
and propagating the Pradhan Mantri Social Security Schemes, viz. PMJJBY, PMSBY and APY.
Here too, like in PMJDY, State Bank of India, by virtue of its sheer size and reach, took the lead
role and since inception, 3.78 lac PBJJBY and 8.36 lac PMSBY were marketed by our branches in
the Circle, upto 30th November, 2016. Our employees shouldered the responsibility given to us
by the Government of India with grace, diligence and excellence.
Apart from discharging duties towards the Bank's day to day functioning, our colleagues are on
a daily basis engaged in achieving budgeted targets for traditional business of deposits and
advances, NPA recovery etc. within strict deadlines. Today's banker is also expected to garner
astronomical amounts of business in myriad cross selling products of Life Insurance, General
Insurance and Mutual Funds, marketing of technology driven products like GCC, GRC, Buddy,
POS, etc. Besides, they also additionally have to discharge the responsibility of marketing Mudra
Loans, marketing and accounting of Government Social Security Schemes, ensuring Financial
Inclusion, holding regular Financial Literacy Camps, ensure banking coverage of Tea Garden
labourers, identifying petrol pumps and kirana shops for kiosk banking. In fact, the list of things
a banker is expected to do (all in the same breath and with the same efficiency and speed and
under equal relentless pressure) is perhaps endless.
However, off late, with the announcement of demonetization on 8th November, 2016, banks have
seen a situation, hitherto unprecedented and unforeseen. Demonetization, merits and demerits
of which is not the intention of this editorial, has really tested, and continues to do so, the legendary
resilience and tenacity of the Indian Banker like you and me. Ever since the announcement on that
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eventful night of November, 2016, things have changed at a fast and furious pace, with multiple
ramifications on us Bankers.
All of a sudden, our already crowded branches became a bee hive of activity, with thousands of
shell shocked and panicked people thronging the premises /ATMs. An everyday affair like a
Rs.500.00 or a Rs. 1000.00 note, with which Indians were so familiar, dependent upon and
comfortable with, was suddenly declared taboo. The only place, among the few notified places
where this taboo could be legally rinsed off, was a Bank Branch. And they came�����..they
came in their thousands upon thousands of Bank Branches, and given the already referred to
spread and reach of SBI Branches, no other Bank bore the brunt of this sudden onslaught of the
public as much as SBI. Our employees, most of who could well foresee what was coming for them
immediately after the 8th November announcement, were somewhat mentally and physically
prepared to face the situation. However, no degree of preparedness could perhaps equip them to
deal with the immensity and hyper dynamics of the turbulent slip stream of the announcement of
demonetization.
I do not wish to elaborate on the immediate aftermath of 8/11 that our colleagues have faced
because every reader of this editorial has taken the hit first hand, and need not solicit my
elaboration. My colleagues have put in tireless hours of strenuous and perilous work, even on
holidays, to ensure that the responsibility they were so suddenly saddled with is executed to the
best. Sacrifices had to be made of course, but who can condone the human toll that devolved
while handling the post demonetization crisis? It is imperative upon my part to add that in the
wake of demonetization related pressure, stress, exhaustion etc. we have lost some precious lives
of employees, across the nation, which is deeply condoled by each one of us. Besides, many of
our colleagues, in some parts of the Circle, had to face hostile crowds, often at the peril of life and
limb.
Comrades, my pen quivers with emotion and pride as I write this. There are no words in my
vocabulary commensurate enough to describe the ordeals that you have gone through, all at the
beck and call of duty. I salute each and every duty bound banker for having proved beyond any
iota of doubt that we are made of a different metal. Our banker colleagues have once again stood
up that old adage, "when the going gets tough, the tough gets going" which still holds true, and
will perennially continue to do so.
Yours comradely
(Rupam Roy)General Secretary
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Banks as Victims
C.P. Chandrasekhar
In the outcry against the disastrous demonetisation experiment of the Modi government one
aspect that has not been given adequate attention is the damage it has done to the reputation and
the balance sheets of the banks. Customers queueing before bank doors and ATMs seem on occasion
more forgiving of the government than of the harassed bank employees, who are forced to ration
out currency and offer those customers they can accommodate, less than even the maximum
withdrawal permitted by the government and the RBI. When new notes are discovered in
inexplicable sums in the hands of rogue operators, it is the bank officers and employees who are
looked at with scepticism though they are not the only ones who figure in the long chain from the
mints through the currency chests to the bank branches and the final holders of currency.
This damage to the reputation of institutions and individuals, which and who have been victims
of the engineered cash shortage, is likely to be aggravated by the adverse effects the
demonetisation may have for the already damaged profit and loss accounts and balance sheets of
the banks. The end - June edition of the Reserve Bank of India�s (RBI�s) biannual Financial Stability
Report, had reported that the gross nonperforming assets (GNPAs) of the scheduled commercial
banks (SCBs) had risen sharply from 5.1 per cent of gross advances at the end of Mar - 2015 to 7.6
per cent at the end of March, 2016. Both the level and rapid growth of the volume of bad assets
gave cause for concern. According to answers given to two questions in the Lok Sabha in August,
while the total gross non-performing assets GNPAs of public sector banks stood at Rs. 4,768
billion at the end of March, 2016, the non-performing assets that were reported by them in the
second half of financial year 2015-16 alone amounted to Rs. 2,770 billion.This rapid rise was partly
the result of an asset quality review mandated by the previous RBI Governor, Raghuram Rajan,
which resulted in a recategorisation of a chunk of �restructured standard assets� as NPAs in the
books of the banks. Restructured assets are those in whose case default had been postponed by
adopting measures such as lowered interest rates and easier terms of repayment. But figures
reported by Reuters indicate that stressed assets (or the sum of restructured and bad assets) on
the books of the banks had risen from Rs. 8060 billion at the end of December, 2015 to Rs. 9220
billion at the end of June, 2016. So loans that were bad or near-bad are on the rise.
It is in this background that another consequence of demonetisation for Indian banking must be
assessed. This follows from the sharp increase in deposits of the demonetised notes with the
banking system On November 28, 2016, the Reserve Bank of India in a press release declared that
up to November 27, 2016, demonetised notes worth Rs. 8.45 lakh core had been returned to the
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banking system. Since then the estimate has been revised to Rs. 11.55 lakh crore, as reported in the
Press Conference presenting the Fifth Bi-monthly Monetary Policy Statement 2016-17 held on
December 7, 2016. Only a small proportion of this is being withdrawn from the banking system
given the ceiling on withdrawals and the shortage of new notes. As of December 10th while banks
had received Rs. 12.44 lakh crore in deposits of the demonetised Rs. 500 and Rs. 1000 notes, they
had issued only 4.61 lakh crore of the new notes. That was a net accretion of Rs. 7.83 crore in terms
of deposits of the old notes that had not been neutralised with issue of new notes. This implies
that there is a substantial increase in the deposits held by banks in the short run.
For the banks, the receipt of these deposits is a burden, since they had to pay depositors interest
on their deposits which could not be withdrawn at the pace they were being generated because of
the ceilings on cash withdrawals. On the other hand, lending or investing against these deposits
to earn interest that can cover the cost of deposits was problematic because much of the money
would be withdrawn as ceilings on withdrawals are relaxed. Moreover, such lending against
large deposits received over a short period of time can not only be risky for a banking system
already overburdened with stressed assets but extremely difficult to implement.
Combine all of this with the fact that just handling the absorption of demonetised notes and the
distribution of new ones is keeping bank employees and officers overworked, and the result has
been a sharp decline in credit growth. According to figures from the Reserve Bank of India, as
compared to an average increase in credit of Rs. 30-35,000 crore during the November 11 to
November 25 period in the previous two years, the corresponding fortnight in 2016 (which followed
demonetisation) saw credit provision falling by Rs. 65,000 crore. If lending shrinks while deposits
rise, banks would not be able to recoup the costs of deposits from the returns from lending.
One option was for the banks to park this money in interest earning instruments with the RBI. But
this transfer of the interest burden from the banks to the central bank would have adversely affected
the operating surpluses of the latter. To prevent this leading to a peculiar situation where the RBI
may incur losses, the central bank chose initially to foreclose this option by declaring a 100 per
cent incremental cash reserve ratio for the banks. That is, all new deposits coming into the banking
system had to be held ether as cash or as non-interest bearing deposits with the central banks. So
long as that situation prevailed banks would be incurring losses because they were paying interest
on deposits that they could not lend or invest.
Since this absurd situation created by demonetisation could not last, the RBI and the government
have chosen to offer an out for the banks and the central bank in the form of an enhanced Market
Stabilisation Scheme (MSS). Under the scheme the RBI has been allowed as of December 2 to issue
as much as Rs. 6 lakh crore worth of government securities which can be sold to the banks. As and
when these securities are sold by the RBI and are held by the banks, the government has to pay
interest on these bills. As the deposits are withdrawn from the banking system, easing the burden
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on the banks, the RBI can reduce the volume of these bills in circulation and reduce the interest
bill payable by the central government. Meanwhile, by investing in those securities the banks can
earn an interest that can cover the cost of incremental deposits held. By the 10th of December the
RBI had exhausted much of this leeway it had got from the Rs. 6 lakh crore ceiling it was subject
to on the bonds it can issue under the MSS.
It is true that due to this roundabout scheme under which the government is likely to have to
shoulder an additional interest burden in excess of Rs. 9,000 crore this financial year, the losses
incurred by the banking system would fall. But losses there will be, the full dimensions of which
will only be known as banks begin to release their accounts for the quarter in which the period of
implementation of the demonetisation exercise falls. But whatever those losses are, they will
damage the profitability of banks and provide another reason why their image would be sullied
for no fault of theirs.
Given the nature of the current dispensation in government and the RBI it is likely that this damage
to the image of banks inflicted by the government would provide grounds for the government to
argue that public sector banks must bring in private capital through equity issue to strengthen
their damaged balanced sheets and image. That is, both wittingly and unwittingly the government
is providing and will provide reasons why the government share in equity of the public sector
banks should be brought below 50 per cent, i.e., why they should be privatised.
That devious argument would only be strengthened by the fact that the economic contraction that
the demonetisation is resulting in would reduce government revenues, while schemes such as
the MSS necessitated by demonetisation would increase the outgo because of interest payments
in the government budget. Since these would raise the fiscal deficit of the government in this and
the coming year, it would claim that it does not have the money to recapitalise the banks so as to
restore their capital base after they have provided for their enhanced losses post - demonetisation.
Privatisation as a route to recapitalisation and meeting the Basel III capital adequacy norms would,
therefore, be advocated.
If this line of reasoning does materialise in practice, employees and officers in the banks would
face one more challenge�the restructuring of jobs that private owners would demand to reduce
(personnel) costs to restore profitability. And since patriotism and commitment to the nation
requires everyone to go digital, a case can be made that bits, phones and electronic gadgets can
replace human beings to conduct the banking business. This is in keeping with the evidence that
while demonetisation does little to curb black money or counterfeiting, it hits the working people
who have been called upon to make sacrifices and endure hardships for the greater good of the
�nation�, which in this case seems to be the rich earning profits through fraudulent means.
* This article was originally published in the People�s Democracy on December 18, 2016. qqqqqqqqqqqqqqq
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A deluge of dilemma
By Com. Sanjib Sen
The process for the 11th bipartite settlement has been set rolling with preparation of charter of
demands by the confederation. It is expected that we will be able to bargain a decent hike this
time with a smooth completion of the process and it would be without any strike action and
thereby defying all the precedence of earlier wage negotiations depicting endless struggles to
move even an inch ahead on the negotiation table. Let us hope this negotiation process will wipe
out the confusion that has surfaced in the minds across ranks and files about the motif of the
Government and the bargaining skills of the Unions. In the last bipartite alone there had been at
least six days strike and resultant forfeiture of salary even though, it took long 27 months to move
from 5% to 15% with lot many unfulfilled demands that are still hovering under sheer uncertainty.
It might end up as an irony when our members are overenthusiastic with their performances in
the ongoing demonetization process and are expecting a stupendous rise in their pay scale in
recognition of their hard work, the story encrypted in the history definitely is promising to be a
altogether antagonistic scenario and is wanting in terms of matching the hype that has been created
out of great expectations.
History, as it repeats itself shall not be in good taste to draw unpalatable illustrations to justify
expectations as regards to a smooth sailing of the 11th bipartite settlement and here it is imperative
that a line is drawn in terms of last few bipartite settlements in order to acclimatize ourselves to
what might be in store for us in the ensuing 11th bipartite settlement which is in offing. To get back
to the enthusiasm that has been surfaced due to some very significant words of cradle showered
on Bankers by the Prime Minister for their valiant action during the ongoing Demonetization and
joined the chorus by the Finance Minister, it is expected that a poor Banker will look forward to
encash the good deeds done in bailing out the country from a crisis owing to demonetization,
even though chronology of events surfaced during the previous bipartite settlements do not stand
for a very promising outcome. As a matter of fact, whatsoever might be the reason, right from the
1st Bipartite Settlement there has been a considerable delay in wage negotiation and no agreement
could ever be signed without any longdrawn agitations, struggle and sacrifices.
To get back to the history, the first bipartite settlement was due on 01.01.1966 and the agreement
arrived at, on 01.10.1966, the second one again registered 9 months delay, the third one which was
due on 01.01.1970 was signed on 01.08.1979, the fourth bipartite settlement registered a delay of
24 months and passed through a turbulent and struggling passage, the fifth bipartite settlement
was due on 01.09.1982 and actually settled on 17.09.1984 and all the subsequent settlements could
be achieved only after a lapse of more than 2 years and after a series of meetings, struggles and
strike actions only.
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To flashback with the 8th bipartite negotiations the IBA in a very clandestine way started with the
ploy of creating division amongst different Banks vis a vis its Employees. On the one hand the
State Bankers began to contemplate owing to some perception built in the minds of members
both by Management as well as the IBA and got to believe that Bank wise settlement would earn
greater benefit for them than the Industry level settlement, on account of they being the employees
of a strong Bank. On the other hand the weaker Banks were lured with the illusion of drawing
parity with SBI in terms of wages along with second option of pension. Thus the challenges of
remaining united were looming larger than the perceived benefits that were on offer and the
Associations were forced to strike a balance in between.
During the 9th bipartite settlement, the IBA played with second option of pension. As some of the
Banks were not getting pension, it appeared to be an opportunity for them to opt for the same in
order to secure a better future. When the Bankers were counting their pension benefits the IBA on
the other hand from a distance was enjoying the fruit of divide and rule policy and was counting
the minimum wage hike that can be offered leveraging the potential division that might surface
in between other Banks and the SBI. So our representatives in the confederation had to agree with
lower hike just to keep the house intact.
The struggle that we all have undergone during the 10th bipartite is still fresh in our minds and
the 11th bipartite may also follow the same course or may be the worst than ever. It might sound
pessimistic, but the chronology of events surely stands against any significant pay hike on offer
and already a confusion with only 7 banks extending mandate to IBA for wage negotiation till
now is prominently signifying some Banks apathy for going ahead with Industry level settlement
and such indifferences might prove out to be a deadlock for the Associations and a deterent to go
for an all out attack and the dilemma might cause a significant casualty in terms of a decent pay
hike.
The govt. after showering few words of appreciation for the Bank employees for their valiant
deeds during the ongoing demonetization episode. The media and a few political leaders have
started shifting the burden of failure to the same set of Bank employees. During the process for
almost last two months the Banks are not being able to concentrate on other core and non core
businesses, no advances taking place, Banks are not being able to put concerted efforts on NPA
management but busy focusing on receipt and payment only. This will surely upsurge the NPA
figure and will attract huge amount of provisioning. Unrestricted and sudden inflow of funds in
the Bank accounts will again attract huge interest burden for the Bank and as the fund deployment
is constricted , it will surely have a telling effect on Banks profitability with reduced CD ratio. The
Govt. on the other hand is sure to once again go back to Bank's balance sheet to justify how
worthless the employees of Nationalised Banks are while drawing a comparison in terms of
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Business per employee /Profit per employee, NPA, etc. with their Private Sector counterpart to
give a logical paint to their otherwise clandestine effort to deny the dues to the Officers /Employees
of the Nationalised Banks.
The after effect of such a fiasco would be a total paradox for the Bank. The gap in pay and perks
with our Central govt. counterpart would be further widened. The Banking job as has already
lost its charm will not be able to attract qualified and talented workforce. The attrition level will
further go up. Staff strength would be further reduced to maintain profitability. Recruitment as is
not in commensuration with the normal retirement itself, the staff position will further deteriorate
and with new challenges surfacing every day, the situation will turn precarious. Quality of services
will be a far cry, customer dissatisfaction will scale a new height, working condition will further
deteriorate. In short the so long one of the major contributor in Nation building, the milching cow
would be given a bad name to justify its slaughter.
It is beyond ones understanding though as to why such kind of apathy towards the Nationalised
Banks! Times and again we have proved our skills and exhibited our zeal for working in the
National cause. We have a history behind, in the process of nation building. Only in the recent
past we have made the Jan "Dhan yojona" a grand success and contributed more than 90% in
terms of numbers of accounts opened. We have proved our conviction once again while extending
a valiant effort to ensure that the Demonetisation be a success. As such it is expected that our
efforts would be duly reciprocated with a deserving pay hike understanding the importance of a
motivated workforce that is indispensable for implementation of any govt. schemes. We the
employees of Nationalised Banks have proved times and again that we are second to none in
taking up challenges, we are second to none in mass banking, we, times and again have proved
that we are always responsive and loyal towards National cause whenever given an opportunity.
However, it seems we are being used, abused and then very comfortably being ignored when it
comes to justify our legitimates.
As such it will be prudent on our part to try not to fall prey to false praises / promises, neither it
would be wise to venture for a separatist approach but have to understand the game plan behind
such apathy being shown towards Bank employees. As to borrow from Noam Chomsky, "That's
the standard technique of Privatisation : defund, make sure things don't work, people get angry,
you hand it over to private capital". The situation being so grim, it is imperative that we should
lace up our shoes for a strong resistance to blunt any such attempt towards destabilization either
on the part of IBA or the Govt. to leap forward with any such agenda and ensure our perpetuity,
banking purely on our organizational strength; as we have to understand that when united, we
achieve and when not, we end up begging for our legitimates. qqqqqqqqqqqqqqq
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AISBOF UPDATES
ENHANCEMENT OF GRATUITY
Our Federation has written to the Prime Minister for his immediate attention to the issue of
enhancement of ceiling on Gratuity from Rs. 10 Lac to Rs. 20 Lac as provided to the Central
Government employees since 1.1.2016 which is pending for a long time. The Federation stated
that considering the yeomen services rendered by the entire workforce in the banking industry
during implementation of Demonetization Scheme, the Government should arrange for clearance
of the proposal through issuance of an ordinance at an early date. AISBOF has also taken up the
issue with the Labour Minister, the Finance Minister.
APPOINTMENT OF OFFICER DIRECTOR ON THE CENTRAL BOARD OF THE BANK
The position of the Officer Director on the Central Board of State Bank of India is vacant since a
long time. Our Officer Director on the Central Board of the Bank retired from the Bank on
superannuation in November, 2015. The Federation submitted a panel to the Bank for the purpose
of appointment of the Officer Director on the Board which was forwarded to the Ministry of Finance
for consideration. However, the appointment is still pending which results in non-participation
in the functioning of the Board of the Bank as a part of the participative management scheme. The
Federation has now written to the Hon'ble Prime Minister of India on the captioned subject for his
intervention in the matter so that the appointment of the Officer Director on the Central Board of
State Bank of India takes place at an early date.
WORKING ON SUNDAYS AND HOLIDAYS
The Federation has written to the Chief General Manager (HR) about the issue of frequently calling
the officers on Sundays and holidays. AISBOF reiterated the hurting of the Officers' sentiments by
forcing them to attend office on the festival days depriving their personal and social lives. It has
been emphasized on that the issue of not calling officers to work on holidays should be conveyed
to the circles for strict compliance. It has been insisted on that in case of exigencies when officers
are called to work on holidays, they have to be compensated adequately and uniformly in all the
circles with more than a day's wages (as they forego a holiday) and also be given a compensatory off.
ACUTE MANPOWER SHORTAGE
The Federation has written to the Chairman to immediately initiate the steps to address the serious
issue of acute manpower shortage in the Bank. It has been pointed out that the retired officers are
being used for inspection, recovery, investigation, KYC verification and other related job which
bears the testimony that there is a shortage of serving officers. Moreover, a large number of
retirement every month has added to the woes which results in unbearable pressure on the existing
officers of the Bank. qqqqqqqqqqqqqqq
CIRCLE BULLETIN
lllll The Central Committee Members of the SBIOA, NE Circle, joined by the Regional Secretary of
Guwahati (Urban), paid a visit to some of the branches under Bongaigaon RBO on 22nd and 23rd
of December, 2016 to take stock of the plight of the members during the cash crunch situation
prevailing at the branches post demonetization. Meetings were held at Dhubri Main Branch
and RBO Bongaigaon and the members present in the meeting detailed the office bearers about
the various problems they had to face mainly owing to the cash shortage and the pressure from
the RBO for business generation. The General Secretary and the President also talked in detail
with the Assistant General Manager of the RBO. The visit was well hosted by the Regional
Secretary of Bongaigaon. The visit provided the office bearers a better understanding of the
branch officials' problems and the members were also boosted to see the office bearers at their
premises.
lllll Comrades, as you are aware that some angry customers vandalised a few of our branches in
Manipur in the last week of November, 2016 after the bank refused to allow people to withdraw
as per the stipulated limit from their accounts citing cash shortage. Leimakhong in Imphal
West district was the worst hit where account holders damaged windows and injured a staff.
Unfortunately, in the given scenario post demonetisation, RBI was not able to cater to the cash
needs of the banks leading to this sort of untoward incidents. The General secretary and the
DGS (Shillong) immediately visited Imphal and met with the high officials of RBI at Imphal
and discussed the issue of cash crunch in the banks. The General Secretary held a press
conference and urged the public to abstain from resorting to violent activity or causing damage
to bank properties or injury to any of its employees for the reasons beyond their control. He
also cautioned the public at large that if such mindless violence and mob attacks continued,
the bank staff would be constrained to resort to organisational action in the greater interest of
bank officers/employees which might affect normal banking services in the state of Manipur.
lllll The Branch Manager of Bhandari Branch under Mokokchung RBO was assaulted by miscreants,
allegedly representing an outfit, on the night of December 23, 2016. Condemning the incident,
our regional commitee of Mokokchung staged a candlelight demonstration to show solidarity
to the victim Com. Srivastava. The Regional Secretary Com. Imtisanen Ao submitted a
memorandum addressed to Assistant General Manager of the RBO which apart from its demand
on closure of Bhandari branch, had also demanded justice and proper security be ensured to
the bankers. The General Secretary also took up the matter with the General Manager (NW-II)
and issued a letter condemning the incident and demanding for closing down the branch unless
proper security is ensured to the officers.
lllll The Disciplinary Sub-Committee of our Association has been continuously active in attendingproceedings covering throughout the Circle, writing replies to explanations, counseling forthe innocent victims, and ultimately solving cases through continuous follow up andpersuasions.
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lllll The School Sub-Committee is doing marvelous job in sorting out the day to day problems.
There are remarkable developments in terms of infrastructure developments and other school
activities with active participation by the sub-committee. The committee has approved the
appointment of new principal of the school, Mr. David Barman, who took charge from 01.08.2016.
The new Principal Shri David Barman was an athlete, a basketball player, a young man of just
37 years who has the hunger for the development of his own career and the future of the school.
We firmly believe that under the leadership of Mr. Barman, our school will reach newer heights
of success. Further, in order to bring in a greener look, grass carpeting has been done in the
school playground with the installation of sprinklers to get rid of the dust.
lllll The Circle Association has written to the Federation regarding the frequent orders to attend
office on Sundays /holidays and the immense pressure for cross-selling by the Circle
Management. We urged upon the Federation to urgently take up the matter with the Bank's
top management for addressing the issues at an early date. We have been given to understand
that despite our repeated representations many overenthusiastic controllers have forced the
officers to work on festival days and under threat.
lllll The 15 members Board of the State Bank of India Officers' Thrift & Credit Co-operative Society,
Guwahati unanimously elected the new Executive Committee on 07-09-2016. Com. Sanjib Sen
has been elected as the Chairmen of the Society. Com. Suraj Nath and Com. Bhupen Borah
have been elected as the new Secretary and Assistant Secretary respectively.
lllll The fourth Executive Committee and Central Committee Meetings were held on 30-12-2016 at
the Association Office premises. In the Central Committee Meeting, the house decided to
co-opt Com. Partha Pratim Baruah as the new AGS, Guwahati Module and Com. Suraj Nath
to replace Com. Partha Pratim Baruah as the new Assistant Secretary (Finance).
lllll The Central Committee of SBIOA (N.E. Circle) bade farewell to Com. J.D. Goswami on 30-12-
2016 as he retired from the active services of the Bank on 31-12-2016. Amidst a decent gathering,Com. Goswami was given a warm send off. qqqqqqqqqqqqqqq
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APPEAL
The members are requested to contribute with their write up for publication in Unity. The topic may
be related to anything which can benefit our members and helps in the enrichment of our magazine.
Any achievement registered by your children may also be sent for publication in the magazine.
You can send your contribution at [email protected] or [email protected].
Learning Point
14
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Retirement from the Bank month of September, 2016
Sl No. Name Office / Branch
1. Shri Bimalendu Bishnu RACPC, Guwahati
2. Shri Sitesh Chandra Das LHO, Guwahati
3. Shri Jayanta Bisak Dispur, Guwahati
4 Shri Diganta Dutta Nalbari
5. Shri Deba Kumar Bhuyan RBO, Bongaigaon
6. Shri Arun Kr. Ghosh New Silchar
7. Shri Brissterwell Marwein Tezpur
8. Shri Mishir Ali Ahmed LHO, Guwahati
9. Shri Prafulla Chandra Boro Nongstoin
Retirement from the Bank month of October, 2016
Sl No. Name Office / Branch
1. Shri Nilkanta Choudhury South Guwahati
2. Shri Samir Kumar Kar RBO, Guwahati (U)
3. Shri Prasanta Sonowal Miao
4. Shri Ranjan Konwar Tinsukia
5. Shri Rupeswar Bhuyan Mangaldai
6. Shri Ashes Kumar Roy LHO, Ghy
7. Shri Meda Prasad Upadhyay LHO, Ghy
8. Shri Chitta Ranjan Kalita LHO, Ghy
9. Shri Bishnu Deb SBLC, Shillong
10. Smt. Ranju Saikia Baruah LCPC, Ghy
11. Shri Debananda Kutum LCPC, Ghy
12. Shri Banti Ram Boro SARB, Ghy
13. Shri Swapan Kumar Bhattacharyya RASMECC, AgartalaRetirement from the Bank month of November, 2016
Sl No. Name Office/ Branch
1. Shri Bappa Bhattacharjee Silchar
2. Shri Ramkrishna Dev RBO-Silchar
3 Shri Amalendu Kar ZO, Guwahati
4. Shri Bir Kachari ZO, Guwahati
5. Shri Pipin Chandra Bordoloi Zoo Road
6. Shri Santi Brata Roy LHO,Guwahati
7. Shri Niresh Kalita LHO, Guwahati
8. Shri Lohit Chandra Nath CPPC, Guwahati
9. Shri Kalyan Kumar Dey Tezu
10. Shri Anil Kumar Boruah Along
11. Smt.Minati Mahanta Nagaon
12. Shri Ananga Bijoy Bhattacharya RASMECC, Agartala
13. Shri Asit Kumar Das TLA House, Tripura
14. Shri Anup Kumar Das RBO, Agartala (R)
15. Shri Bibhuti Ranjan Mandal ZO, Shillong
Sl No. Name Office/ Branch
1. Shri Pradip Kumar Roy New Bongaigaon
2. Shri Balen Chandra Das LCPC, Guwahati
3 Shri Bhakti Dey Tarafder RASMECCC, Silchar
4. Shri Nabin Chandra Pegu Guwahati
5. Shri Bibeka Nanda Bhuyan Kokrajhar
6. Shri Amrit Kumar Hazarika Soneswar
7. Shri Ramani Datta Sarmah SPL CURR ADMN
BR Guwahati
8. Shri Shanti Ranjan Saha Zoo Road
9. Shri Kishore Kr. Chakraborty RBO, Bongaigaon
10. Shri Jatindra Dev Goswami RBO, Guwahati (U)
11. Shri Dulal Sarkar RBO, Silchar
12. Shri Tuhin Kanti Ghosh LHO, Guwahati
13. Shri Pradip Mozumdar Margherita
14. Shri Prabhakar Goswami RBO, Dibrugarh (II)
15. Shri Rudra Kumar Gogoi RASMECCC, Jorhat
16. Shri Robin Gogoi LHO, Guwahati
17. Shri Kishore Kr. Dey LHO, Guwahati
18. Shri Bhabi Ram Rabha CPPC, Guwahati
19. Shri Sita Ram Sharma CPPC, Guwahati
20. Shri Dipankar Chakraborty Dharmanagar
21. Shri Sanjiban Dey Choudhury Santir Bazar ADB
22. Shri Amlan Saha Sonamura
23. Shri Sankar Chakraborty RASMECC, Agartala
24. Shri Paltu Chandra Laskar RBO, Agartala (R)
25. Shri Kabir Chakraborty RBO, Agartala (U)
26. Shri Rigaldo Diengdoh RBO, Shillong (U)
27. Shri Samir Chandra Dey RBO, Tura
28. Shri Parimal Seal Chandmari (Tura)
29. Shri Tushar Kanti Bhattacharjee Williamnagar
30. Shri Ratan Ch. Dey OAD, CC Mumbai
31. Smt. Seba Mitra LHO, Guwahati
Retirement from the Bank month of December, 2016
Sl No. Name Office/ Branch
1. Late Subrata Bhattacharjee Santirbazar
2. Late Shyama Pada Roy Choudhury SBLC, Silchar
3. Late Meghali Devi Rowriah
4. Late Liubrth N. Sangma Chandmari (Tura)
Ex-gratia from the Association month of
September to December, 2016