N B June 2019.pdf - Canara Bank Retired Officers' Association

CANARA BANK RETIRED OFFICERS’ ASSOCIATION (Regd.)(Registered under Trade Union Act 1926) (Affiliated to AIBPARC)

1 & 70, First Floor, 9

Phone: 080

CBROA / News Bulletin / June / 2019

Dear Friends,

The previous two months witnessed election campaigns which were marked by vitriolic accusations,

mudslinging, and smear campaign. The mature Indian voters exercised their franchise in a massive way and

gave an absolute majority to the BJP and a landslide v

and barrel. Now that the BJP on its own has an absolute majority in the Lok Sabha, there should not be any

impediment for embarking upon inclusive growth and development of the country, in an aggressi

The massive mandate given to the NDA by the people of this country has cast immense responsibility on the

Government. The expectations of people from all walks of life have soared to the skies. The Central Trade

Unions and independent and indust

"Workers' Charter" and demanded that the demands of the working class be included in the Election

manifestoes of the political parties. The "Workers' Charter" was unanimously adopted in

convention of workers held in New Delhi on March 5, 2019.

The "Workers' Charter" emphasises the fact that the country had adequate resources to meet the demands

raised in the Charter. The Convention had asserted that successive Governme

neo liberal agenda and this has aggravated concentration of wealth in a few hands at the expense of the

workers, peasants, the poor and the downtrodden, who have been creating the wealth of the country. It has

widened disparities to vulgar heights. The "Workers' Charter" has been an expression of Charter of Demands

for which the entire Trade Union movement of the country has been fighting for several years. Three country

wide general strikes, including the two day general strike

workers, including Bank Employees and Officers, participated, were held during the tenure of this Government

but the Government was totally insensitive to the genuine demands of the workers, including the dem

the Bank pensioners /retirees. The "Workers Charter", containing the hopes and aspirations of the working

class, placed before the present Government is as follows:

1. Take immediate, concrete measures to control sky rocketing prices of essential commod

speculative trade in essential commodities, expand and strengthen Public Distribution System.

2. Check Unemployment through Policies encouraging labour intensive es

assistance to employees with employment generation, fill up all vacant posts in Government departments, lift

the ban on recruitment.

3. Check outsourcing and contractorisation of jobs of permanent and perennial nature.

4. Strictly implement equal wage and benefits to contract workers doing the same job as permanent workers,

as per Supreme Court Judgment.

5. Strict implementation of equal pay for equal work for men and women as per Indian Constitution.

6. Fix national minimum wage as per the recommendations of 15th Indian Labour Conference and Supreme

Court judgement in the Raptakos & Brett case.

7. Assure minimum pension of �6,000/

1

CANARA BANK RETIRED OFFICERS’ ASSOCIATION (Regd.)(Registered under Trade Union Act 1926) (Affiliated to AIBPARC)

Registered Office:

1 & 70, First Floor, 9th

Main, Jayanagar III Block, Bengaluru –

Phone: 080 – 26640003 Email: [email protected]


campaign. The mature Indian voters exercised their franchise in a massive way and

gave an absolute majority to the BJP and a landslide victory to the NDA, rejecting the opposition lock, stock


impediment for embarking upon inclusive growth and development of the country, in an aggressi



Unions and independent and industrial Federations of Workers in the country, joined together to adopt a


manifestoes of the political parties. The "Workers' Charter" was unanimously adopted in

convention of workers held in New Delhi on March 5, 2019.


raised in the Charter. The Convention had asserted that successive Governme



es to vulgar heights. The "Workers' Charter" has been an expression of Charter of Demands


wide general strikes, including the two day general strike on January 8-9, 2019, in which around 20 crore


but the Government was totally insensitive to the genuine demands of the workers, including the dem


class, placed before the present Government is as follows:

immediate, concrete measures to control sky rocketing prices of essential commod

essential commodities, expand and strengthen Public Distribution System.

Unemployment through Policies encouraging labour intensive es


outsourcing and contractorisation of jobs of permanent and perennial nature.

implement equal wage and benefits to contract workers doing the same job as permanent workers,

implementation of equal pay for equal work for men and women as per Indian Constitution.

wage as per the recommendations of 15th Indian Labour Conference and Supreme

Court judgement in the Raptakos & Brett case.

6,000/- per month and indexed pension to all. Consider the genuine demands

CANARA BANK RETIRED OFFICERS’ ASSOCIATION (Regd.) (Registered under Trade Union Act 1926) (Affiliated to AIBPARC)

– 560050

26640003 Email: [email protected] Date: 01.06.2019


campaign. The mature Indian voters exercised their franchise in a massive way and

ictory to the NDA, rejecting the opposition lock, stock


impediment for embarking upon inclusive growth and development of the country, in an aggressive manner.



country, joined together to adopt a


manifestoes of the political parties. The "Workers' Charter" was unanimously adopted in the joint national


raised in the Charter. The Convention had asserted that successive Governments had aggressively pursued



es to vulgar heights. The "Workers' Charter" has been an expression of Charter of Demands


9, 2019, in which around 20 crore


but the Government was totally insensitive to the genuine demands of the workers, including the demands of


immediate, concrete measures to control sky rocketing prices of essential commodities, ban

essential commodities, expand and strengthen Public Distribution System.

Unemployment through Policies encouraging labour intensive establishments, link financial


outsourcing and contractorisation of jobs of permanent and perennial nature.

implement equal wage and benefits to contract workers doing the same job as permanent workers,

implementation of equal pay for equal work for men and women as per Indian Constitution.

wage as per the recommendations of 15th Indian Labour Conference and Supreme

per month and indexed pension to all. Consider the genuine demands

2

of Bank Pensioners/Retirees viz improvement in family pension, updation of pension, uniform DA to all

Retirees irrespective of their date of retirement, pension to resigned employees after completing pensionable

service etc.

8.Recognise workers employed in different Government Schemes and pay minimum wages, social security

benefits including pension etc to all of them.

9. Immediately revoke 'Fixed Term Employment' which is in violation of the spirit of ILO Recommendation 204

which India has ratified.

10. Stop disinvestment of Public Sector undertakings.

11. Revoke the decision to privatise Railways, defence, port and dock, Banks, Insurance, Coal etc. Immediately

revoke decision allowing commercial mining of Coal mines.

12. Immediately resolve all issues of the Central Government employees related to the recommendations of

the 7th Pay Commission.

13. Scrap New Pension Scheme and restore the old Pension Scheme.

14. Stop anti-worker and Pro-Employer amendments to the Labour Laws. Ensure strict implementation of the

existing Labour Laws.

15. Ratify ILO Conventions 87 and 98 on Freedom of Association and right to collective bargaining along with

the ILO Convention 189 on domestic workers.

16. Strengthen Bipartism and Tripartism, no decision should be taken without consensus through discussion

with trade unions.

17. Cut the subsidies given to the Corporates.

18. Minimum Support Price to agriculture produce, as per the recommendations of Swaminathan Commission

recommendations; strengthen Public Procurement System.

19. Comprehensive legislation covering social security and working conditions for agricultural workers.

20. 200 days of work under MGNREGA. Enact similar legislation to cover urban areas. Fix minimum wages not

less than minimum wages of the state.

21.Ensure effective implementation of Article 51A if the Constitution that calls upon all citizens to promote

harmony, spirit of common brotherhood, diversities and to transcend religious, linguistic, regional and

sectional culture.

22. Free Health Care for all. Strengthen Health Infrastructure. Increase Government expenditure on health to 5

per cent of GDP.

We have the confidence that the new Government will take note of the above "Workers' Charter" and

implement all the genuine demands of the workers, including the Bank Officers and Employees, who have

been campaigning for an early settlement under XI Bipartite.

We wish all our members and their families, a very happy, healthy, joyous and peaceful life for all the days

ahead.

Yours sincerely,

A N Krishna Murthy Bengaluru

General Secretary 01.06.2019

3

AIBPARC News:

*Updates: ( Base: AIBPARC Circular No. 27/19 Date 13.05.2019)

Meeting of CBPRO with AIBRF at Delhi on 3rd

May, 2019.

The leaders of AIBRF requested the leaders of CBPRO to have a meeting with them after the meeting of their

leaders being over on the previous day. CBPRO accepted the invitation and leaders of various components of

CBPRO attended the meeting. AIBPARC was represented by the President, General Secretary and several other

senior office bearers stationed at Delhi. SBIPA and RNBOC were also represented by their senior leaders.

In an hour long discussion, CBPRO and AIBRF exchanged the views of each organisation on very important

issues like updation of pension and group medical insurance scheme. Both the organisations noted with

satisfaction the coordinated functioning of both the organisations in the matter of speaking in the same voice

on retirees’ issues to government and IBA. It was also observed that the united agitational programme got a

tremendous success in different parts of the country. There has been an emergence of a new hope in the

minds of the retirees and both the organisations should make utmost effort to be worthy of it.

It was also decided that in the early part of June, 2019, the Joint Convenors of CBPRO and General Secretary of

AIBRF would meet and discuss the future plan of action including approach to government and IBA jointly,

meeting the leaders of UFBU and have thorough discussion with them and also ponder over the issue of

calling any demonstrative actions in case of necessity.

Inclusion of Dearness Allowance at the time of calculation of gratuity.

Single bench of Hon’ble justice Sujoy Paul of the High Court of Madhya Pradesh (seat at Jabalpur) at WP

9182/2017 delivered the following judgement on 06.09.2018 : “In the considered opinion of this court, the

respondents have erred in not including DA while calculating gratuity under the Regulations. Thus,

respondents are directed to include DA and recalculate gratuity of the pensioners and pay the difference

arising thereto to the petitioners within 60 days from the date of communication of this order”.

The above order of the Single bench was challenged by the management of the bank in the division bench of

the same High Court and the authorities made an appeal to set aside the order of the single bench passed on

06.09.2018 in the WP no. 9182/2017. The learned division bench in the concluding paragraph of the verdict

made the following observation: “We do not find any illegality in the impugned order passed by the learned

single bench warranting any interference in these intra-court appeals. Accordingly the writ appeals deserve

and are hereby dismissed”.

The management of the bank being aggrieved with the decision of the Division Bench of the High Court filed a

special writ petition at the Supreme Court. The apex court heard the petition on 7th

May, 2019 and passed the

following orders: “No case is made out to interfere with the impugned order passed by the High Court. The

special leave petitions are accordingly dismissed.”

From a study of the above noted developments, we feel that this verdict of the apex court is definitely a

forward movement for the retirees. Although this is a direction passed on the Garmin Bank of a particular

state, we must not forget that each RRB is sponsored by a public sector bank and pension regulation has

already been implemented in all RRBs of the country. Although the single bench has passed the order for

extension of the benefit to the petitioners only, we believe that the benefit will be extended to all similarly

placed retirees working in RRBs and all other banks which are covered under bipartite settlements. We stick to

4

our long standing demand that IBA/Government should follow an honest litigation policy and should not force

similarly placed retirees to spend money and time for extension of the same benefit to them. The copy of

orders has already reached the authorities who mean power. They are in the process of studying the same.

We shall be formally taking up the issue within next few days and till then our leaders have been and will be in

touch with all concerned.

*CBPRO & AIBRF Meeting held at Delhi: (CBPRO & AIBRF Cir 2/19 dated. 13.05.2019)

Dear Comrades,

CBPR0 & AIBRF Meeting held at Delhi on 03.05.2019.

The leadership of CBPRO was advised by the General Secretary, AIBRF that their Core Committee was

scheduled to have its meeting at Delhi on 02.05.2019 at Delhi. He also requested to explore the possibilities of

holding a meeting of the leaders of CBPRO and AIBRF at Delhi to discuss the important pending issues like

Updation/Revision of Pension, Improvements in Family Pension, IBA’ Medical Insurance Scheme etc. The

leadership of CBPRO had broader telephonic consultations with the leaders of the constituents of CBPRO on

the proposal. It was thereafter decided that the available senior leaders of the constituents of CBPRO

including SBI Pensioners’ Federation would participate in the joint meeting on 03.05.2019. Accordingly the

meeting was held on 03.05.2019 and attended by Com K V Acharya, Joint Convenor CBPRO and Com S C Jain,

General Secretary, AIBRF, Com Suprita Sarkar, General Secretary, AIBPARC, Com Deshpande, President, AIBRF,

Com P K Pathak, Senior Vice President, SBI Pensioners’ Federation along with other senior leaders from both

the organisations available at Delhi.

Com S C Jain briefed the house about the deliberations in the meeting of their Core Committee with regard to

the latest development of implementation of the benefit of Updation of Pension to RBI Pensioners at the

instructions of the Government of India and as a sequel to the order of Hon’ble High Court of Bombay. The

details of Updation of Pension in case of RBI Pensioners were circulated by the Organisations of the serving

employees and also the retirees recently. The development in case of RBI has further raised the hopes and

aspirations of our rank and file. It was in this backdrop, the Joint Leadership decided to intensify its campaign

for early resolution of our long-pending issues by the Government and IBA.

The deliberations in the meeting centred around the following issues which are being repeatedly taken up by

us with the concerned authorities and also with the leadership of UFBU:

1) UPDATION/REVISION OF PENSON

a) Pension in SBI should be rationalised at par with other banks i.e. @50% of last drawn Pay b)

Updation/Revision of Pension in RBI is broadly based on the formula evolved by the Central Pay Commission

and covers all retirees since 1986 c) Its implementation would take care of the 100% DA Neutralisation in

respect of those who retired before 01.11.2002 d) The formula of updation of pension has been broadly

arrived at by merger of DA with Basic Pay plus an increase of 10% e) The principle laid down by the Supreme

Court in the case of Nakara has been reiterated f) While future updation is envisaged, the formula and

permission of the Government of India would be required.

It was felt that the formula evolved for updation of pension for the pensioners of RBI, if extended to the Bank

Pensioners and Family Pensioners would largely meet our expectations. Hence the house expressed the view

that we must intensify our campaign to ensure settlement of the issue of updation of pension in the ensuing

Wage Settlement at par COORDINATION OF BANK PENSIONERS’ AND RETIREES ORGANISATIONS (SBI

5

Pensioners’ Associations, AIBPARC, RBONC, AIRBEA & FORBE) AND ALL INDIA BANK RETIREES’ FEDERATION J-

208, Vijay Rattan Vihar, Sector-15, Part II, Gurgaon-122001 Tel: 01244270198 Mob: 9868220338 2 with the

formula extended to RBI Pensioners. It was also suggested that our joint campaign should include submission

of fresh joint memorandum to the Government of India, Indian Banks’ Association and the leaders of UFBU

and followed up through personal meetings as far as possible. It was also suggested that while holding

discussions with the leaders of UFBU and soliciting their support, the leaders of our organisations should also

meet the leaders of RBI Pensioners/Employees to gather inputs on the issue.

2) IBA’s Medical Insurance Scheme

Discussion in respect of Medical Insurance Scheme for Bank Retirees also took place. It was emphasized that

the scheme should cover all the Retirees, Help Desks should be strengthened to enable smooth settlement of

claims , Insurance Premium should be borne by the Bank and explore the possibility of C .G.H.S. like Scheme

for Bank Retirees.

3) IMPROVEMENT IN AMILY PENSION SCHEME

Leaders informed the house that IBA and the Government are engaged on the issue of improvements in the

family pension scheme on the lines of the family pension scheme as prevailing in the Government and RBI and

it is expected to materialise soon. However, a regular follow up with the leaders of UFBU, IBA and

Government was considered desirable.

4) Negotiating Platform for Bank Pensioners &Retirees

The house suggested to continue vigorous efforts at the level of IBA and Government for creation of a formal

mechanism for the Bank Pensioners and Retirees to negotiate their demands. After the meaningful

deliberations it was decided that the Joint Conveners of CBPRO and the General Secretary of AIBRF will meet

in June 2019 to formulate the strategy and joint action programme to help achieve our demands. We request

the constituents, affiliates and members to be in readiness to make the joint action programme a grand

success.

With greetings and regards,

Yours Comradely,

(A.Ramesh Babu) (K.V. Acharya) (S.C. Jain)

Joint Conveners CBPRO, General Secretary, AIBRF

*AIBOC holds a meeting with major Pensioners’ and Retirees’ organisations of Banking

sector on 20th

May, 2019: (AIBOC Cir 31/2019 dt. 21.05.2019)

Dear Friends,

We have the pleasure to inform you that as we decided in the last GS Meet of all affiliates of AIBOC held in

New Delhi on 12th March, 2019 to hold a broad-based consultation with the major Pensioners’ and Retirees’

organisations of the banking sector on different issues affecting the interest of retirees, we had approached

the leaders of such organisations and invited them at a meeting in New Delhi organised by the Confederation

for this purpose. Although it was contemplated to be an unofficial one, the presence of very senior leaders of

the pensioners and retirees movement and the gravity of deliberations made by them virtually made the

meeting held in New Delhi on 20th May, 2019 a very meaningful one. We are very happy to share that the

6

leaders of SBIPA, AIBPARC, all the affiliates of CBPRO and AIBRF remained present in the meeting at the

invitation of AIBOC.

2. The undersigned, in his initial address, briefed the house about the present stalemate persisting in the

industrial relations scenario of the banking industry arising out of the issue of fractured mandate. He expected

that IBA would resume talks after formation of popular government. This is high time, he felt, that the fight of

retirees and the serving people should be synchronised and the sentiment of retirees should be addressed

with all earnestness and sensitivity. It is matter of hope that each and every constituent of UFBU has already

started showing interest in resolving the issues of retirees and pensioners but the degree of intensity is

probably not the same. He once again reiterated that AIBOC is committed to resolve the issues of retirees

before any agreement is formalised.

3. Very senior leaders viz. Com. S.C. Jain (AIBRF), Com. Gandhi and Com. Ramesh Babu (SBIPA), Com. K.V.

Acharya and Com. S. Sarkar (AIBPARC), Com. Ahuja (RNBOC), Com. A.K. Goel (FORBE) of the pensioners and

retirees movement took part in deliberations. The following points were discussed and stressed upon:

a) Although this has been an informal meeting, the leadership of AIBOC should take initiative to carry

forward all the demands of retirees and pensioners to a logical conclusion.

b) The notification of GOI in the matter of updation of RBI pension has created a new hope in the minds

of retirees and there is a need to study the financial and legal implication of RBI updation; utmost

importance should be given on improvement of family pension; the hiking of medical insurance

premium, which was virtually unaffordable and IBA/GOI should be urged upon to issue necessary

directions to banks to bear the premium. IBA/GOI will have to think about the pathetic plight of super

senior citizens who have crossed 80 years of age and been drawing a pittance in the name of pension /

family pension.

c) In Pension Regulation 35(1), the modalities of updation of pension have already been spelt out and in

subsequent govt notification, this provision has been made all comprehensive. It is unfortunate that

Govt/IBA has denied understanding and implementing this provision in letter and spirit. Officials of

Govt of India have already executed an affidavit that they are not in a position to allow updation of

pension in RBI because it has a larger ramification. Now when pension in RBI has been updated, it

cannot be denied in banking industry. The unresolved issues of special allowance and stagnation

increment should also be looked into.

d) The fight launched by different sections of RBI employees and officers in favour of retirees is noted

with satisfaction and same kind of involvement of UFBU in regard to demands of retirees / pensioners

is also hoped.

4. Com Sanjay Manjrekar, Senior Vice President, AIBOC also addressed the house. He assured the leaders

present that Confederation has always been sympathetic and sensitive to the issues of Retirees. He also

expects that other constituents of UFBU will also be coming forward with the same degree of intensity. Com

Harvinder Singh, former General Secretary of AIBOC also addressed the house. He mentioned that the

promises made by IBA in the Record Note should be carried forward to a logical conclusion.

7

5. The undersigned in his concluding remark, opined that this meeting was the beginning of a consolidated

movement. In future, when the negotiations will resume in full swing, the consultative process will continue

and he wanted that a small committee should be formed in this regard. Booklets prepared by AIBPARC and

AIBRF on legal and financial implications of pension updation and improvement of family pension were also

handed over to the undersigned for information. Com Dipak Basu (SBIPA) proposed the vote of thanks on

behalf of Pensioners’ and Retirees’ organisations and pledged that all the organisations would extend all

possible support to AIBOC in the days to come.

6. We note with satisfaction that this meeting has been an enlightening one for each one of us. The sharing of

information and thought was appreciated by all present in the meeting. The undersigned also acknowledges

the support received from SBI Officers’ Association (Delhi Circle) for shouldering the responsibility of hosting

the meeting at a very short notice.

With greetings,

Comradely yours,

SD/-

(Soumya Datta) General Secretary

CBROA News:

*1st

Meeting of CBROA Members at Kundapur: 2.5.19 (Mr. Y Bhat & Mr. K M Nayak)

To involve members in the activities of CBROA, our Udupi unit had organised meeting of members residing at

Kundapur 7 nearby places on 02.05.2019. The meeting held in the premises of Canara bank, Kundapur branch.

Sri B V Pai, Vice president, Sri B M Kamath president of Udupi-unit, Sri G Nagesh Bhandarkar a senior member

from Gangolli, Sri Yogesh Bhat A G S were on the Dias.

Sri K M Nayak R S Udupi welcomed members and informed the purpose of conducting meeting and efforts

made by Udupi-unit in conducting the long pending meeting. Sri Yogesh Bhat and Sri M R Bhat gave brief

account of the activities of Udupi and Mangalore unit respectively. Sri B. V Pai gave information about our

association which is growing strong and vibrant day by day and requested the gathering to enroll non-

members so as to show our solidarity in fighting the issues of pensioners. He clarified to the queries of the

members.

A local committee was formed. Udupi and Mangalore members have assured to give necessary support for

the activities in Kundapur. Sri M Umesh Padiyar, a non member (SVRS 2001) has been enrolled as Life

member. Sri G N Bhandarkar donated �1000/ each to CBROA welfare fund and Legal Fund. Sri U S

Gopalakrishna Rao donated � 3000/to legal fund. K M Nayak thanked donors. A format WHAT MY FAMILY

SHOULD KNOW was distributed to the members.

Sri Maruthi Prabhu Joint secretary told that the real life starts after retirement and requested members to

involve in social activities to energize themselves and to make the retired life meaningful. He proposed vote of

thanks. CBROA Udupi thanked Sri M P Nandana, C M and Sri Ganapathi Kamath S M of Kundapur branch for

permitting to hold the meeting in Branch Premises. 23 members have attended the meeting.

8

*Special Talk on I T matters in the Wednesday Meeting held at Mangalore on 15.05.2019:

The meeting commenced at 10.30 am. 54 members were in attendance. Today’s talk, Personal Income Tax as

applicable to Senior Citizens, was arranged on the persistent demand of members.

Four officials of the Income Tax Department, Mangalore were today’s speakers. Sri B V Pai, our Vice President

heartily welcomed the guest speakers, Sri Parimal, Sri Krishnamurthy, and Smt. Natalia Lobo and Sri Rajkumar

Smt. Natalia Lobo dwelled on length on the various ITR forms to be filled in by various categories of senior

citizen assesses with special reference to pensioners and explained the significance of the ITRs concerned.

Doubts raised by members were clarified immediately. Sri Krishnamurthy explained the various sections under

which section; we have to claim exemptions, rebates. The different provisions were made clear to the

members. Clarifications sought by the members were given instantly to the full satisfaction of the members

concerned.

Sri Parimal informed the members the importance of submitting the IT returns without delay though no

specific time limit has been fixed for senior citizens. Who can file the ITRs manually and who have to submit IT

returns on-line was made clear. Doubts expressed by members were clarified immediately. He assured that

he and his colleagues will be happy to assist our members on an ongoing basis wherever their assistance was

required. He was very appreciative of the knowledge of our members in IT matters and noted that the

members had attended in large numbers, many of them with letter pads and papers with noting. He

recollected the interaction his team had with our members a couple of years back and stated that he and his

team looked forward to such meeting next year. He indicated that our members may feel free to visit the IT

office in case of difficulty and he and his team will be happy to offer their services.

Sri Rajkumar made available the Compliance Manual as applicable to A.Y.2020-21 F.Y. 2019-20.

Sri Parimal ended his address with a request to forward any further queries the members may have in future

to him through Sri B V Pai. He thanked the members for making the interaction sessions interesting and

informative.

CBROA Mangalore Region presented mementos to the guest speakers as token of appreciation for the

troubles taken by them and gracing the occasion despite their busy schedule. Sri B V Pai thanked our member,

Sri R G Shenoy for hosting today’s refreshments to celebrate his granddaughter’s scoring 97% in PUC CBSE

results of which were published recently.

*CBROA MADURAI MEMBERS MEETING* AT MADURAI ON *20th MAY 2019 - MONDAY*

CBROA MADURAI Members Meeting was held on *20 05 2019* at 5.30pm at our RSTC Madurai. Around 50

members had attended including Lady Members. The meeting commenced with an invocation song rendered

by Sri M S Chandrasekharan, our activist. Sri M Panneer Selvam, Regional Secretary welcomed the gathering

and solicited support of our members for his effective functioning. He also congratulated and welcomed the

newly joined retirees as our Life members. The house observed two minutes of silence as a mark of respect to

two of our deceased life members, Sri K Balan and Sri P L Subramaniam.

Sri M N Manoharan, Assistant General Secretary thanked the members for their presence in large numbers in

this meeting. He explained in detail the outcome/deliberations held in AIBPARC Triennial Conference held at

Chennai on 30th n 31st March'19. Sri M N Manoharan also explained various pending issues of our retirees

such as Pension updation, improvement in Family Pension, doubts over gratuity, DA, Special pay issues and

our GS letter to Bank Management and CBOA. He also informed, our suit in the High court of Bangalore for

Pension updation has been numbered and affidavits are expected to be filed by the respondents soon. He

9

appreciated the efforts made by our Central Leaders for filing suit and opening of CBROA Legal fund

account(2725 111 001888)to meet the huge legal expenses. He profusely thanked members for their

spontaneous response with their generous contribution of Rs2, 30,116/ as on date. He appealed to other

members also to donate liberally for the cause of our legal battle. Sri M N Manoharan shared his happiness

over reaching of our membership strength around 10200 and contribution from our entire Region is 100%, as

we expect to add nearly 50 new members during this quarter. He also requested our members to enroll non

Member retirees in order to strengthen our organisation.

Sri M Panneer Selvam distributed personal details updation forms to create a database of our members.

In the open house session, the following deliberations/suggestions emanated.

Sri S Rajagopal observed Pension updation has become a reality in RBI as serving employees also joined

Retirees in their struggle. This needs to be replicated in commercial banks also to get our demands fulfilled. Sri

R Muruga Prabhu, Retd DM wanted early sanctioning of family pension to the spouse of deceased SM, Sri

Venkatachalapathy, as the original papers were wrongly sent to CPC two months, now again resubmitted to

HO Pension fund on the intervention of our AGS last week. Sri Rajaraman, Retd DM wanted a core group to

deal with the DA matters of Retirees. He also wanted the facility to apply for Holiday Home online and also 3

months in advance, as in the case of serving employees. Sri B Ravichander, Retd SM suggested granting of

Rs5000/ as Staff welfare measure and also the benefits as available in other Banks.

Sri S Sankarasubramanian Retd SM reiterated to have the regional coordination committee for focused

Membership drive and unit meetings in districts like Theni and Dindigul.

Sri M N Manoharan AGS informed that our President has assured to ensure adequate Office bearers for our

Madurai Region, in response to the letter written by Sri M Panneer Selvam, RS, based on the last meeting

deliberations. Sri S Deenadayalan, Retd SM wanted meetings be held on Sundays during day time to ensure

more attendance by our members including lady comrades. Sri M Chandrasekharan, Retd DM volunteered to

assist our members in respect pending hospitalization insurance claims and also family pension applications.

The AGS thanked Sri M Panneer Selvam, RS for sponsoring the sumptuous dinner. He also thanked Sri S

Deenadayalan, Retd SM for ensuring media coverage of CBROA and retirees issues.

The meeting came to an end at 7.45pm with a vote of thanks proposed by Sri S Sankarasubramanian. (By Mr. M N Manoharan, AGS & Mr. Mr. Panneer Selvam, Rs)

*Members Meeting at Rajahmundry on 22.05.201:

We had a CBROA Rajahmundry Region meeting at our RO RAJAHMUNDRY on 22.05.2019.

Both AGMs, present and incumbent were present. We have observed a minute silence as a mark of respect to

deceased life member Late Sri A. Subhakara Rao .We had discussions on retirees issues like updation of

Pension, improvement in family pension, Gratuity, IBA Insurance and other issues.

The retirees have welcomed new AGM Sri Sankar with a bouquet and thanked Sri Ananda Rao for his support

to us. All the retirees have wished him happy and peaceful retirement . We have honoured Sri Ananda Rao by

putting shawl, garlanded and floral bouquet as he is getting retired on 31.05.2019 on superannuation.

Refreshments were served by RO (Dr Saka)

10

*MEETING of Members at KARKALA on 25.05.2019: (Mr. K Y M Bhat, AGS & Mr. K M Nayak, RS)

A meeting was convened at our Karkala branch on 25 the May for the benefit of members from Karkala and

Moodbidri area to encourage them to involve themselves in the activities of CBROA. Sri B V Pai Vice president,

Sri Yogesh Bhat A G S, Sri Ganapathi Prabhu a senior most member of Karkala and Sri Srihari Bhat Chief

Manager Karkala branch were on the Dias. In all 27 members and non members were present.

Sri K M Nayak, Regional Secretary welcomed the gathering and briefed about the purpose of convening the

meeting at Karkala. Sri Yogesh Bhat gave brief account of various activities of Udupi-unit. Sri Lakshmikanth

Nayak told about the social activities of Mangalore unit and how it is helping not only to the members even

non members also in the hours of need. Because of this even reluctant non members are joining CBROA. Both

Bhat and Nayak requested members to meet frequently and discuss issues relating to members which will

bring feeling of oneness among us.

Sri B V Pai spoke about our association which is growing in strength and becoming vibrant and touched upon

the issues of retirees and pensioners. He clarified satisfactorily to queries of members. A local committee was

formed with the following members. 1.c Sri Vaman Bhat 2. Sri Srinivasa Joshi 3. Sri K S Prabhu 4. Sri K B

Nambiar 5. Sri. Vittal B Naik 6. Sri Nonayya.

They were assured with necessary support by Udupi and Mangalore units. Sri. Hari Bhat gave a talk on Bajaj

Allianz group hospital cash plan. Sri Aravind Nayak donated Rs 3388/ to CBROA. A format WHAT MY FAMILY

SHOULD KNOW was distributed. K M Nayak proposed vote of thanks. Special thanks to Sri Vaman Bhatmam

who helped in arranging this meeting. Our special thanks to Chief Manager for providing premises to conduct

the meeting.

*Meeting of Members at Tumkur: Regional Secretary, Mr. Udaya Bhanu had organised a meeting of Tumkur Region (Karnataka) at Canara bank,

Regional Office at Tumkur. Around 20 members of Tumkur Town and nearby places have attended the

meeting. Mr. Ramesh, AGM, Mr. Nagaraj & Janardhanam Div. Manager of RO have also graced the occasion.

Mr. Udaya Bhanu welcomed the gathering. Mr. Vishnu Moorthy, CM, Mr. Palaksha, Mr. Mada Naik who are

going to be retired on 31st

May were honoured by CBROA as well as CBOA. All the three have in advance,

handed over CBROA membership form to Gen Secretary, Mr. A N K Murthy.

M. Ramesh AGM expressed happiness over participating in elders meeting. He assured all possible help to

retirees. He also sought help from retirees to help R O to get good business. Mr. G A Hande, Treasurer in his

speech informed the activities of CBROA & Welfare measures announced by CBROA. He informed that CBROA

has crossed 10200 mark and sought help of members in bringing non members into CBROA fold. Mr. D A

Suresh, DGS in his address explained the various issues involved in IBA Medical Insurance Policy and in claim

settlement. He also touched the disciplinary matters and charge sheet related issues.

Mr. A N Krishna Murthy, General Secretary, in his address informed the members about the Pensioners &

Retirees demands which are in the court of IBA and steps taken by CBROA / AIBPARC /CBPRO. He informed

that like UFBU, various retirees’ organisation have came together and formed CBPRO to fight unitedly to

achieve the demands. He also informed that as per the IBA guidelines a Grievances Cell has been formed at

Bank Head Office and all our issues are discussed and settled in the meeting. Meeting ended with vote of

thanks by Mr. Udaya Bhanu.

11

*Meeting of Members at Coimbatore on 26.05.2019: A Meeting of our Members was held at Coimbatore City Tower Hotel on 26

th May, 2019. About 100 members

from Coimbatore, Erode, Gobi, Palakkad & nearby places had gathered. Many retired executives & former

CBOA Leaders , including Mr. Coutral Rajan, Mr. R Devaraju, Mr. Arumugam along with Mr. J. Vanangamudi &

V Duraiswamy have attended the meeting. Medical Checkup Camp was arranged for the benefit of our

members prior to the meeting.

Our Former GM & our Sr. member, Mr. K Velusamy presided over. The Meeting started with Prayer, while our

AGS Mr. Doraiswamy welcomed the gathering. As per the tradition of CBROA, our former DGM Mr. M. V.

Balasubramian was felicitated on attaining the of 75 years. Another senior most member, Mr. Subramaniam

was also honoured on the occasion on completing 87 years of age. Both the honoured members thanked

CBROA for remembering its senior Members & wished CBROA all the best in all endeavors.

To enable our Members to be familiar with the recent changes in the personal Income Tax rules, Mr.

Vigneshwaran, Income Tax Advisor gave a Pep Talk on filing of Tax Returns, Exemptions available under

various sections, etc. & assured to assist our Members to file IT returns with a nominal fee of Rs.300/-.

Mr. Eshwara Murthy, RS of CBOA addressed the gathering & assured of all help & cooperation to all the

Retirees of Coimbatore CBROA Region. Our VP Mr. Sampath Kumar, while thanking all the Members & office

Bearers for their presence in large numbers, explained the efforts put in by CBROA in filing of Writ Petition at

High Court of Karnataka, Bengaluru demanding Updation of Pension in Nov. 2018 & expressed the confidence

that the justice would be in our favour.

Our DGS, Mr. D A Suresh briefed the house about various issues of IBA Health Insurance, Legal & Disciplinary

Matters & suggested our members to empanel themselves to defend Charge Sheets being issued to Retirees,

as the number is steadily growing. Mr. Velusamy, while appreciating CBROA for all the good work, requested

the leadership to intensify our struggle in realising Pension Updation & Improvement in Family Pension. Mr.

Ganesan, former DGM of Coimbatore RO, who retired on 30th

April, 2019 and our new Life Member was also

on Dias & addressed the gathering.

Mr. A N Krishna Murthy, GS informed the efforts of our Apex Organisations, AIBPARC & CBPRO along with

AIBRF in taking up our issues

> A recent meeting held between CBPRO & AIBRF in this regard, wherein it was decided to meet in June to

chalk out further action programs, after new Govt. taking charge at the Centre.

> An informal Meeting convened by AIBOC with Representatives of CBPRO & AIBRF at New Delhi to discuss our

various issues vis a vis the stand taken by AIBOC, not to sign Wage Settlement unless the issues of Retirees &

Fractured Mandate issues are resolved. While thanking the Members of Coimbatore Region for their support

to CBROA, he requested them to strengthen CBROA in the Region.

Mr. Parameswaran RS proposed Vote of thanks to all. The Meeting came to end with the singing of National

Anthem in chorus. Overall, the Meeting was a grand success. (Mr. A N K Murthy, GS)

12

CANARA BANK News:

*Canara Bank embarks on social-media journey: (BL 22.05.19)

In a bid to reach out to a larger number of customers, especially the youth, Canara Bank has marked its official

presence on two social-media platforms – Face book and Instagram. The bank, on Wednesday, launched the

official Face book (@canarabankglobal) and Instagram (@canarabankinsta) pages. Canara Bank is already

present on YouTube (canarabankofficial) and Twitter (canarabanktweet) with a sizeable follower/subscriber

base. According to a bank official, the bank’s YouTube channel has more than 10 lakh views with close to

25,000 subscribers, and more than 35,000 followers on Twitter. The two new social media platforms were

launched by TN Manoharan, Chairman, and RA Sankara Narayanan, MD & CEO, in the presence of the bank’s

Executive Directors and board of directors.

*Canara Bank Q4 loss narrows to Rs 551 cr on lower provisioning for bad loans

State-owned Canara Bank on Friday said its net loss narrowed multi-fold to Rs 551.53 crore for the fourth

quarter of fiscal 2018-19, mainly driven by lower provisioning for bad loans. The bank had posted a net loss of

Rs 4,859.77 crore during the corresponding January-March period of the preceding fiscal. Total income of the

bank during the March quarter rose to Rs 14,000.43 crore, compared to Rs 11,555.11 crore in the year-ago

period, Canara Bank said in a regulatory filing. For the full 2018-19 fiscal, the bank has posted a net profit of Rs

347.02 crore. There was a net loss of Rs 4,222.24 crore in 2017-18.

Total income during the fiscal was higher at Rs 53,385.30 crore as against Rs 48,194.94 crore a year earlier.

The Bengaluru-headquartered lender witnessed improvement in the asset quality with the gross non-

performing assets (NPAs) falling to 8.83 per cent of gross advances at March-end 2019 compared to 11.84 per

cent a year earlier. Net NPAs or bad loans stood at 5.37 per cent, compared with 7.48 per cent year ago.

In absolute-value, the gross NPAs were Rs 39,224.12 crore at March-end 2019, as against Rs 47,468.47 crore a

year earlier. Likewise, the net NPAs stood at Rs 22,955.11 crore in the quarter under review, compared to Rs

28,542.40 crore. There was also a reduction in provisioning requirement to the tune of Rs 5,120.85 crore in

March quarter FY2019 as against Rs 8,762.57 crore parked aside in the year-ago period.

The overall provisioning and contingencies stood at Rs 5,523.50 crore, less than Rs 9,075.04 crore a year ago.

Canara Bank said, as per the RBI directive, it restructured as many as 41,602 MSME account as on March 31,

2019 with amount involving Rs 753.51 crore as a relief to them under Goods and Services Tax (GST).

During the quarter ended March 31, 2019, six fraud accounts were detected, amounting of Rs 704.06 crore,

wherein the bank is required to provide Rs 429.87 crore, in addition to the provision of Rs 274.19 crore already

provided up to December 2018, it said. “The total amount provided during the quarter is Rs 107.47 crore,

representing 25 per cent of the provision to be made. Further, the remaining unamortised provision amount is

debited to other reserves, which will be amortised during first three quarters of next financial year,” it added.

During the March quarter, the bank allotted 2 crores equity shares at Rs 186 each under Employee Share

Purchase Scheme, the lender said. Provision coverage ratio as on March 31, 2019 stood at 68.13 per cent, as

against 58.06 per cent a year ago. Shares of Canara Bank closed 3.21 per cent up at Rs 265.45 apiece on the

BSE. (BL 10.05.19)

13

Photo Gallery

Members meeting at Kundapur – Leaders on Dias CBROA Members at Kundapur meeting.

Honouring Mr. B Krishna Nair who turned 75 at Trivandrum 4.5.2019 Mr B Janardhanan Iyer 75+ also felicitated at Trivandrum on 4.5.19

Welcoming Mr. B M Manjunath to CBROA by Mr. H Nagaraj, RS April Retirees felicitated at CBOA office recently. All have joined CBROA

14

Income Tax officials are being welcomed By Mr. B V Pai, VP In

Mangalore meeting on 15.05.2019

Madurai members meeting 20.05.2019 is being addressed by AGS Mr. M

N Manoharan.

Members gathering at Madurai on 20.05.2019 Another view of gathering of Madurai meeting.

Honouring Retiring AGM Mr. Ananda Rao. He joined CBROA Rajahmundry meeting.

15

CBROA office bearers felicitated Sri Lakshmanan N (St no 4700) at his

residence at Vidyavihar on his completion of 75 years. – Mr. R M Joshi

Mr. Thanga Raju, President of Canara Bank SC/ST Association has joined

CBROA. Mr M N Manoharan, AGS & his team welcomed him to CBROA.

Mr. Somasundaram RS & his team honoured & welcomed Mr.

Bhaskaran, SME Erode to CBROA

DGM Divakara Shetty, DGM, Mangalore CO, retired on 31,05.2019. He

was felicitated & welcomed to CBROA by Mr. B V Pai & his team.

Tumkur meeting on 30

th May, 2019. Another view of Tumkur meeting.

16

Mr. Subhakar Rao, our member expired recently. Condolence letter &

DR cheque is being handed over to Mrs Lakshmi Rao by Dr. K Saka, RS

Mr. Velusamy retired on 31.05.19. Erode RS Somasundaram & his team

welcomed him to CBROA.

Mr. Sekhar Koli & Mr. Sharad Kamble (President, All India SC/ST

Association) retired recently. Mr. R M Joshi, VP & his team obtained

their membership.

Mr. Vishnumoorthy, CM, Mr. Palaksha & Mr. Madha Naik honoured in

Tumkur meeting. All the three have joined CBROA.

Dindigul SM, Mr. Ravi is being welcomed to CBROA by Madurai team Welcoming to CBROA by Madurai Team

17

Madurai Team & Mr. Manoharan welcoming may retiree to CBROA Friend & Guide Editor, Mr. Ramraj took VRS. Madurai team greeted him.

Dindigul Ro, AGM Mr. Srinivasan retired on 31.05.19. Mr. Manoharan

& his team welcomed him to CBROA.

Mr. Basavaraj Boodanoor, DGS of CBOA retired on 31.05.19 at CO ,

Bangaluru. He joined CBROA .

Mr. Govindaraj, AGM, MCB, Coimbatore was felicitated on retirement

on 31.05.19. He joined CBROA

Mr. Balsubramaniam officer, Inspn, RO, Coimbatore retired on 31.05.19.

He was welcomed to CBROA by AGS Mr. Doraiswamy.

18

Mr. Govindaraj, DM, RAH Coimbatore retired on 31.05.19. he was

welcomed to CBROA by Mr. Doraiswamy AGS & his team.

. CBROA Kolkata Team welcoming Mr. Shyamalendu Samaddar who

retired on 31.05.19 to CBROA

Mr. Debasish Sengupta retired on 31,05.19. Welcoming him CBROA

byb Kolkata Team lead by Mr. A R Rakshit

Mr. Biswajeet DAS, RO, Kolkata retired 0n 31.05.2019. Kolkata Team lead

by DGS Mr. Rakshit welcomed him to CBROA.

Mr. Ananda Rao, AGM, RO Rajahmundry is handing over membership

form to Dr K Saka. He retired on 31st

may, 2019.

Mr. S P Das, CM, Kahilipara Br, Guwahati retired on 31.05.2019. CBOA &

CBROA members greeted him. He joined CBROA.

19

Other Banking News:

*Rising balance in Jan Dhan accounts spells windfall for banks:

Banks have been witnessing a spurt in Current Account and Savings Accounts (CASA) due to a high balance in

PMJDY accounts. This is seen as one of the growth drivers of CASA. CASA deposits are advantageous to banks

as they can bring down the cost of funds when compared with bulk deposits. Banks reported considerable

growth in this segment in FY19. State Bank of India reported an 8.42% growth in CASA last fiscal with deposits

touching `12,87,285 crore. At HDFC Bank and ICICI Bank respectively, the growth stood at 14% and 13%.

Similarly, Syndicate Bank had a 5 % increase while Canara Bank showed 4.65% growth. (BL dt.14.05.19 p.1)

*Bank falsely blamed for twin Kerala suicides: AIBOC (BL 16.05.19)

The Kerala State Committee of the AIBOC also deplored the tendency to unleash acts of aggression against

banks and bank officers on the basis of unsubstantiated facts or events. The Kerala State Committee of All

India Bank Officers Confederation (AIBOC) condemned the move to implicate the branch manager of Canara

Bank in a case involving the suicide of a mother and daughter.

The incident had occurred on Tuesday at Neyyattinkara near here and the bank was blamed for triggering the

incident after it had allegedly enforced recovery procedures on a defaulted housing loan. 'No direct charge'

But a day after, a suicide note recovered from the site had attributed extraneous reasons, including domestic

violence for the tragedy, and did not seem to make any direct charge against the bank. The intervening day on

Wednesday, however, saw political activists targeting a number of branches of Canara Bank and ransacking

some, including the main office of the branch in Thiruvananthapuram.

Abraham Shaji John, State Secretary, AIBOC, said that the bank had only tried to enforce legal procedures to

recover dues and was not responsible for the unfortunate suicides. The state committee of the AIBOC also

deplored the tendency to unleash acts of aggression against banks and bank officers on the basis of

unsubstantiated facts or events. As trustees of public money, it is the routine job of bank officer to lend it to

different sections of the society for various activities as well as ensuring it returns to the system in good time.

Natural course. It is only natural that banks resort to recovery measures as permitted by the law to recover

non-performing assets. Canara Bank branch had sought to do only that, Abraham Shaji John said.

"In fact, in the instant case, the local branch manager had, in a gesture of empathy, extended action under the

SARFAESI Act for years together. It was invoked nine years after the account had turned an NPA," he said.

Banks are only trying to comply with stringent provisioning norms of the Reserve Bank and achieve

performance targets set by the Centre.

"The power of branch managers to extend/modify repayment of NPA accounts is very limited. So they are

caught between the devil and the deep sea."

Blaming bank officers without ascertaining facts and raising demands to register criminal case against the

branch manager will only mislead the public and further demoralise officers. This doesn't augur well for a

matured political leadership. Officers must be enabled to perform their duties without fear or favour, which

alone can ensure a robust banking industry.

*Senior citizens with taxable income up to Rs 5 lakh can seek TDS exemption on bank

interest

20

NEW DELHI: Senior citizens with a taxable income of up to Rs 5 lakh can now submit in banks and post offices

Form 15H to claim exemption from TDS on interest income on deposits, according to a CBDT notification.

Earlier, the limit for seeking Tax Deducted at Source (TDS) exemption was Rs 2.5 lakh. The Central Board of

Direct Taxes (CBDT) has issued a notification amending Form 15H to give effect to the Budget announcement.

The Union Budget 2019-20 has given full tax rebate to individual.. Tax payers having a taxable annual income

of up to Rs 5 lakh, benefitting around 3 crore middle class taxpayers.

The amendments by the CBDT states that banks and financial institutions would accept Form 15H from

assessees whose tax liability is 'nil' after considering rebate available under Section 87A of the Income Tax Act,

1961. Senior citizens, above 60 years of age, have to submit Form 15H to banks at the beginning of a financial

year to ensure that no tax is deducted at source on interest income. The amendments by the CBDT states that

banks and financial institutions would accept Form 15H from assessees whose tax liability is 'nil' after

considering rebate available under Section 87A of the Income Tax Act, 1961. Senior citizens, above 60 years of

age, have to submit Form 15H to banks at the beginning of a financial year to ensure that no tax is deducted at

source on interest income.

To provide tax relief to the taxpayers earning income up to Rs 5 lakh a year, the Budget increased the rebate

under Section 87A from Rs 2,500 to Rs 12,500, thereby ensuring that those earning income up to Rs 5 lakh do

not have to pay any taxes. Nangia Advisors (Andersen Global) Executive Director Neha Malhotra said the

banks will now have to accept Form 15H from those earning income up to Rs 5 lakh, since eventually after

claiming the rebate under Section 87A, their tax payable shall be 'nil'.

*Financial Performance of Public Sector Banks for the Financial Year 2018 - 19*

*NET PROFIT*

1) State Bank of India - Rs. 862.23 Crores

2) Bank of Baroda - Rs. 433.52 Crores

3) Canara Bank - Rs. 347.02 Crores

4) Indian Bank - Rs. 321.95 Crores

5) Oriental Bank of Commerce - Rs. 54.99 Crores

*NET LOSS*

1) Punjab & Sind Bank - Loss of Rs. 543.48 Crores

2) United Bank of India - Loss of Rs. 2315.92 Crores

3) Syndicate Bank - Loss of 2588.30 Crores

4) Andhra Bank - Loss of Rs. 2786.13 Crores

5) Union Bank of India - Loss of Rs. 2947.45 Crores

6) Indian Overseas Bank - Loss of Rs. 3737.88 Crores

7) UCO Bank - Loss of Rs. 4321.09 Crores

8) Bank of Maharashtra - Loss of Rs. 4783.88 Crores

9) Bank of India - Loss of Rs. 5546.90 Crores

10) Central Bank of India - Loss of Rs. 5641.48 Crores

11) Corporation Bank - Loss of Rs. 6332.98 Crores

12) Allahabad Bank - Loss of Rs. 8333.96 Crores

13) Punjab National Bank - Loss of Rs. 9975.49 Crores

N B June 2019.pdf - Canara Bank Retired Officers' Association

Documents

Transcript of N B June 2019.pdf - Canara Bank Retired Officers' Association