A nice and most optimum written article by an incumbent PO !! A must read for each one of us-----> Why PSU Bank employees are begging for salary hike and government playing cruel on the issue? The simple reason is that banks are cash cows they are earning their own profits (excepts some small banks) govt. have majority shareholding so they get high dividend on their shares and if they hike salary by 30% (demanded by PSU banks) there is a decrease in the dividend, due to which govt. dont get money to fund their ponzy schemes. Explanation that govt. is giving on that issues is mounting pressure of NPA Decrease in profit, i just want to ask Mr. finance Minister that who is responsible for these NPAs, is it a bank employee who is working in the branch from morning 9.00 am to late night 9.00pm, who is posted 1000km away from home, working in a rural branch which dont have water to bath were there is no internet connection landline phone still they are working implementing various schemes of government and still begging for salary hike. According to reports top 30 NPA accounts contribute more than 80% of overall NPA ratio, so who are those customers who holds these 30 top accounts, these customers are like Vijay Mallya a multimillionaire who defaulted Rs 40,528 crore (Rs 4056.28 billion), Moser Baer India Ltd. & Group Companies Rs 581 crore, Century Communication Limited Rs 624 crore, ICSA (India) Rs 646 crore, Deccan Chronicle Holdings Limited Rs 700 crore, National Agricultural Co-Operative Rs 862 crore, Varun Industries Limited Rs 1,129 crore, and many more, the main question arises after reading this is who sanction these loans? These loans are not sanctioned by any scale I or Scale IV officer or any branch manager who is working in a rural branch but these loan are sanctioned in Board Meetings in Oberoi and Taj Hotels were there is presence of government nominated directors, bank chairman and EDs, and these people dont care about the employees pay hike as they dont get salary but the profit share, so ultimately they left suffering for the people who are working at the ground level who are facing all sort of harassment due to non deposit of Gas subsidy, govt. subsidies, opening zero balance accounts, taking KYC,s facing all sort of transaction risks in daily transactions, and practicing ways and means to run the branch. Rajiv Takru, secrectary (financial Services) told bank chief at the meeting on Wednesday that they are free to provide increase provided that they have been performing well, there is one question for Rajiv thakru Is government performing well why govt. GDP growth slides down to 4.5% from 9%, why? if govt. is not performing well how can you expect banks to perform well. Government is not performing well still you are ready to hike central govt employees by implementing 7th Wage revision, why? I just want to tell government that go to hell just give us the operational autonomy dont force us to give loans, remove Priority sector lending, let bank decide to whom they have to give loan then compare banks with other private sector banks, then tell banks to perform well not now.
Posted on: Mon, 17 Nov 2014 15:58:25 +0000
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