Bank employees inadequacy of knowledge - write up in Dinamani Tamil newspaper from Indian express group

[Kalyanasundaram Subramaniam]

https://www.dinamani.com/editorial-articles/center-page-articles/2022/jul/08/todays-requirement-of-bank-employees-3876362.html

S Kalyanasundaram 

[kushal mukhoti]

 As the original article is in Tamil, I have tried to make the comment in Tamil. Hope, the moderator will approve it and the author of the article will not mind if any mistakes are made while writing this comment in Tamil considering my limited knowledge of this language. 

திறமையற்ற ஊழியர்களால் தவறுகள் செய்யப்படுகின்றன, ஆனால் வங்கிகளின் திறமையான அதிகாரிகளால் பொதுவாக மோசடிகள் செய்யப்படுகின்றன, இது வங்கிக்கு பெரும் இழப்பை ஏற்படுத்துகிறது.  வங்கிகளில் கணினி மயமாக்கல் இந்த பெரும் திரட்டப்பட்ட இழப்புக்கு எந்த வகையிலும் பொறுப்பல்ல.  எனது முப்பது வருடங்களுக்கும் மேலான வங்கி அனுபவத்தில் இதை நான் அனுபவித்திருக்கிறேன்.

 

Sent from Mail for Windows

 

From: Kalyanasundaram Subramaniam
Sent: 09 July 2022 12:35 PM
To: bankpensioner
Subject: bankpensioner Bank employees inadequacy of knowledge - write up in Dinamani Tamil newspaper from Indian express group

 

https://www.dinamani.com/editorial-articles/center-page-articles/2022/jul/08/todays-requirement-of-bank-employees-3876362.html

 

S Kalyanasundaram 

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Visit our blog site http:://bankpensioner.blogspot.com
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[Seshaiyer Devadass]

Kalyanasundaram Sir

I have gone through your write up. It may be possible many of the members to understand the same as it in Tamil. But I wonder how you accept the drastic comment by Shri.Auditor Gurumoorthy about the Bank employees that too in the presence of FM. If you accept this, FM has no power before just a journalist and pucca RSS person. And also how do you come to the conclusion that the present employees are inefficient is a wonder. We have worked in all the transformations of banking, manual, branch level computerisation and core banking. We have been given proper training to be adopted to the new environment.  But the present employees are well equipped with IT qualifications and it is the duty of Banks to give proper training to the changing scenario of the banking systems and procedures. The word uttered by him (Kalisadai) (the term ‘Kazhisadai’  translated to scum or filth to refer to those employees who still worked in public sector banks) is the worst word and unparliamentary word to be spelt in a public platform. Moreover, the occasion is for the the 52nd anniversary celebrations of Tamil weekly Tughlak in which there is no necessity to talk about bank employees. His drastic comment shows that he knows nothing about banking and bank employees. Supporting such a person in public forum is also not good. It is not acceptable whatever explanations he has given. Will he accept this type of comment on him? THE ISSUE HAD BEEN DISCUSSED IN LENGTH AT ALL STAGES AND IT IS VERY PITY THAT THE FINANCE MINISTER HERSELF DID NOT THINK TO CORRECT HIM. This shows her inability to act as Finance Minister. This is the start of the game by the present ruling party to defame the bank employees and thus make public sector banks to be unsafe for investment and to encourage the private banks. Sir, let us not fall pray for such plots. Let us join to gether to fight against such persons and safeguard the Public Sector Banks.

With regards

S.Devadass, State Bank of India - Retd, Palani-624601

Cell:9442250104

[Ramakrishnan S]

CH Venkitachalam is a die hard cpi man, who even participated in the anti CAA stir with d. Raja, the cpi leader. Aibea, whose leader is chv, is equally responsible for the present woes in banking industry. So it is quite natural for people like Gurumoorthy, who toe the opposite of communists to commend. Even in a recent you tube talk, chv was unkind to pensioners,  regarding updation,and he was talking that there is shortage of funds for updation. He also told that even for family pension, banks made a huge provision of 12000 crores and an additional sum of    6000 crores are required. So for pension updation , the requirement of fund is so large and it can be done only over a period of time. He talks as if his is the last word. . People like him are really anti pensioners.

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[mohan p]

Speech of CHV on updation of pension:

https://youtu.be/bkEbZEAx8tI

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[Raj Venkat]

Do you the figures if cyberfrauds including ATM losses? Go bu RTI not your hunch. Nowadays are NPAs are sold or written off to show cosmetic balance sheet. Hence compare with cumulative figures as if they are not written off or compromised. You will see a horrific threatening performance Let us go by realities.

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[Seshaiyer Devadass]

Kalyanasundaram sir

I do not understand why you again posted the Dinamalar message.

Kindly go through my comments and my humble request is to reply me. Kindly do not support a person who has made a blunder in commenting on bank employees.

With regards

S.Devadass, State Bank of India - Retd, Palani-624601

Cell:9442250104

On Sat, Jul 9, 2022 at 12:35 PM Kalyanasundaram Subramaniam <1952...@gmail.com> wrote:

[bhaskara sarma]

There is a  very big politician or their kith and kin behind every NPA.You show me an ordinary person getting a loan of Rs 50 crores and above, becomes NPA and written offsubsequently.

You must have a big clout to get a big loan sanctioned and bigger clout to get it written off.

With regards,

P Bhaskara Sarma.

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[Kalyanasundaram Subramaniam]

Firstly I have not posted anything again.

Secondly I had posted my article from Dinamani and not Dinamalar

I have just now sent my comments to your earlier observation.

I do not support or oppose any person. I simply register my views on the comments of someone. எப்பொருள் யார் யார் வாய் கேட்பினும் அப்பொருள் மெய்ப்பொருள் காண்பது அறிவு 

 You may also please read my write up https://www.dailypioneer.com/2022/columnists/state-run-banks-must-retrain-employees.html on the same subject. 

Regards.

S Kalyanasundaram 

[Kalyanasundaram Subramaniam]

You state that computerization is not the reason for this mess. 

I have never said so in my article. 

My statement is only that bankers have become fully dependent on the embedded knowledge in the system and they are not up to the mark even in basic knowledge of banking and allied subjects. 

Thanks for your initiative. 

Regards.

S Kalyanasundaram 

[Kalyanasundaram Subramaniam]

Where have I accepted the comment of Gurumurthy ? I have written only “வார இதழின் ஆசிரியர் பொத்தம் பொதுவாக எல்லா ஊழியர்களையும் திறமை அற்றவர்கள் என்ற பொருள்பட பேசியது சற்று நெருடலான விஷயம் தான்”

Forget about the comments of Gurumurthy. What is our perception about the knowledge and skill of present day bankers? After leaving the bank I was part of a training system which caters to the needs of various private as well as some public sector banks. I had the opportunity to interact with staff of different banks. My perception is that there is marked deterioration in the level of basic knowledge required.

I can narrate number of incidents to prove my point. But this may not the suitable forum for this. But just I cite one area. Almost all the staff working in a bank branch must be handling cheques on a daily basis. Just shoot the following simple questions to them and find out yourself their level of knowledge.

Difference between bearer and order instrument

Types of crossing

What is negotiability and how it is different from transferability?

When a bearer instrument contains Account Payee, how to treat?

Difference between Not negotiable crossing and Account payee crossing

Conditions for filing criminal case for cheque return under Section 138

Effect of blank endorsement

Or simply ask them to explain payment in due course.

 

For your information, the FM has not accepted the views of Gurumurthy and see the video to know her reaction and also her subsequent speech praising the bank employees.

No doubt that bankers have given good services during pandemic. But that is not the point I am discussing in my article.  You are free to have your own opinion about the level of knowledge of present day bankers. I have simply written what I feel.

 

Regards

S Kalyanasundaram 

[saradindu basu]

When I joined my dear Bank , my level of knowledge was almost NIL. Gradually, I gained knowledge thru day to day working thru seniors, thru periodical training sessions arranged by my dear Bank and while preparing for CAIIB exam. Later on, my dear Bank introduced "INDUCTION COURSE" for fresh recruits.  If the present day  Bank employees are having lack of knowledge, in my opinion, entire blame can not be passed on to them.

---

From: bankpe...@googlegroups.com <bankpe...@googlegroups.com> on behalf of Kalyanasundaram Subramaniam <1952...@gmail.com>
Sent: Tuesday, July 12, 2022 4:47 PM
To: bankpensioner <bankpe...@googlegroups.com>
Subject: Re: bankpensioner Bank employees inadequacy of knowledge - write up in Dinamani Tamil newspaper from Indian express group

 

To view this discussion on the web visit https://groups.google.com/d/msgid/bankpensioner/b37ce2eb-595f-4e13-9f78-0093ca695124n%40googlegroups.com.

[kushal mukhoti]

Can a crossed account payee cheque be paid over the counter in a any special circumstances? 

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[mohan p]

A crossed cheque is a cheque that is payable only through a collecting banker and not directly at the counter of the bank.

As per Section 126 in The Negotiable Instruments Act, 1881

Payment of cheque crossed generally.—Where a cheque is crossed generally, the banker on whom it is drawn shall not pay it otherwise than to a banker. 

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[Mohan Revathi]

Most will not have answer. That is the present stage.

r. Mohan

CB Retiree

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[Sridhar Mandyam]

Problem is we see from our perspective which is outdated. Now the staff has to concentrate more on how to operate the computer, how frauds happen on internet, mobile banking. Cash payment across the counter is minimum. We also did not learn many concepts which were outdated during our service.

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[Kalyanasundaram Subramaniam]

It is true that it is payable through a bank account and cannot be paid across the counter by way of cash payment. This is the practice we follow. 

But as a practicing banker, we can analyse other dimensions also  If a banker pays across the counter of a crossed cheque, what is the consequence?

1. The payment may be to the right person. In that case there is no charge of 'conversion'.  If the payment is to someone other than the payee, then there may be 'conversion' and the banker may be liable. 

2. Even if the payment is to the genuine payee, then the payment will not be a payment in due course, as the payment is not in accordance with the apparent tenor of the instrument. In that case the banker will be answerable to the issuer. If a banker does not anticipate any dispute from its account holder, he may pay cash in such cases. 

3. If any cash payment has been made inadvertently for a crossed cheque, the banker may try to get the crossing cancelled by the account holder so that in future no dispute can be raised by the account holder. Alternatively a confirmation letter from the account holder can also be taken. We cannot forget that NI Act is silent about cancellation of crossing. Can a crossing be cancelled? By whom? There are no definite answers for these. 

S Kalyanasundaram 

[Sarangapani Rao]

Banking laws are not penal in nature. They are conditional. That is just for violation there is no penalty prescribed in law. The penalty is payment of compensation  & damages in case the true owner - Holder in due course - has not received the 

amount due to him. For example, if you pay a crossed cheque over the counter & if the true owner has received it , no problem arises. On the other hand if the true owner - Holder in due course - has not received it & claims then the banker is put on the defense & the law will not give him any protection & he has to face the consequences. I have paid several occasions crossed cheques over the counter, after ascertaining the  genuine exigent circumstances  of the customer & identity of the presentor . In banking there are some occasions of difference between theory and practice. 

That is why mostly text books are titled " Law & Practice of Banking Sarangapani

Indian Bank, VRS 2000 . 

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[kushal mukhoti]

What will be the consequences if a banker pays a crossed account payee order cheque over the counter to it's true owner? 

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[Raj Venkat]

Gurumurthy is ignormus of banking as subject.His mentality is unethical and also shows his weak understanding of what is banking.Different type of training is reqd nowadays. Digital maverick understanding alone is alone enough.Content is not understood by the present staff at all levels

😚

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[Sarangapani Rao]

Any material alteration of a negotiable instrument renders the same void..... sec. 87 NI act

But what is material alteration  ? 

As per time- honoured universal legal acceptance, " any alteration that alters in business effect the character of the instrument or the rights & liabilities of the parties or broadly speaking any alteration that causes the instrument to speak a different language in legal tone from that which it originally spoke ".

Yet, there are some alterations though MATERIAL, are authorised by NI act. :

So Crossing is a material alteration as per definition of the term, but authorised by sec 125 . 

But CANCELLATION of crossing has not been dealt with. Hence its cancellation can be done by the drawer alone, as he is naturally competent to authenticate any alteration. Other alterations authorised by the act are :

Inchoate instrument sec. 20

Qualified Acceptance  "    86

Conversion of Blank 

Endorsement into 

Endorsement in Full          49

Crossing                             125 . 

Laws & rules are there for smooth functioning of system & good of the people. Therefore, we should not merely apply in draconian  way to the letter of law only but also spirit of the law & it's purpose. 

Sarangapani 

Indian Bank  VRS 2000.

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[Sarangapani Rao]

But nowadays banks do not accept cheques with alterations, though  duly authenticated by drawer. I don't know whether it is based on RBI guidelines or any law has been enacted in this respect. 

Sarangapani vrs 2000

INDIAN Bank 

[kushal mukhoti]

Thanks for your valuable opinion. 

So, we can conclude that a bank can pay cash in special circumstances to the true owner of the cheque inspite of being the cheque is crossed, assuming that the drawer of the cheque will have no objection to that. Otherwise, the bank may land in trouble if the drawer of the cheque faces any damage for performing such action by the bank. 

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[Kalyanasundaram Subramaniam]

The statement that the cancellation can be done by the drawer is debatable. Crossing can be done by any one (Drawer, Payee or Endorsee or even banker) and there is no restriction that crossing can be done only by the drawer. When the crossing is done by payee or endorsee, how can it be cancelled by the drawer? When there is no way to find out who has done the crossing and there is no provision in NI Act for cancellation of crossing, we cannot conclude that the drawer can cancel the crossing. 

In most of the banks' internal manual, it is provided that crossing can be cancelled by the drawer and in such cases, the amount is payable  only to the drawer himself (self cheque). In other cases, crossing cancellation is not permitted. 

S Kalyanasundaram

[Sridhar Mandyam]

Sri SarangaPani,

What about tax angle. The purpose of cross cheque is amount should be properly accounted. One can be charged abetting tax evasion

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[SRIRAMAJAYAM]

I have paid several occasions crossed cheques over the counter, after ascertaining the  genuine exigent circumstances  of the customer & identity of the presentor . 

The payment made, however, is not payment in due course. 

🙏. 

.................... 

[Sarangapani Rao]

Yes, sri Kalyanasundaram. What you say is correct. But what I have stated is based on legal assumption & what has been followed in practice widely. But now times are changing & what we had followed previously may be out of place today. I come to understand nowadays a cheque with any alteration, though authenticated by drawer is not accepted by banks. 

Sarangapani. 

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[kushal mukhoti]

You have said in your comment- 

 'For example, if you pay a crossed cheque over the counter & if the true owner has received it , no problem arises.'

What you would have done in the following circumstances? 

 

After you have paid the crossed cheque to the true owner of the cheque over the counter, the drawer comes to the bank and presented a self-cheque for encashment.  But to his surprise, he found that his cheque has been dishonoured for having  insufficient funds in his account. On enquiry, he came to know that the particular  crossed cheque which was issued by him today and  which ought to have been presented by the clearing system on the next day (he knew that the payee is maintaining his account in a different bank), has already been passed by the bank today itself, thereby preventing him to withdraw the cash which he needed immediately to meet some exigencies. 

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[Sarangapani Rao]

Thank you, sri Kushal Mukhoti, 

for deep analysis of my views & presenting a debatable hypothetical proposition. My view is the customer can not make any objection to the banker. The purpose of crossing is not to gain time for providing funds in his account, but to provide security for payment & in case it goes into wrong hands, to trace the culprit. 

As an experienced banker I take calculated risk, taking reasonable precautions, in honesty, under genuine circumstances. When he has issued the cheque, he intends that the cheque be paid & hence  must   provide funds in his account accordingly. He has no right to question why I have paid a crossed cheque over the counter. 

The true owner if he has not received the amount he alone can question. You yourself have stated that the true owner has received the amount. Then what is the issue  ? 

Above all, I have not advocated or am propagating that crossed cheques can be paid casually to all Tom ,Dick &Harry  ! In fact I have meant customer or his representative under genuine, exigent circumstances. In a nutshell,  we should not merely adhere to puristically punctilious & bureaucratic application of law in practice to the letter of law alone but  to the spirit of law also, 

 without  throwing to the wind the principles of equity. I have stated I had paid to the CUSTOMER. 

Again, to sri Sridhar Mandyam's 

objection, I again reiterate that crossing under NI act was enacted not for arresting Tax evasion, but to provide a measure of protection to the payer / payee /holder. However, times have changed & various provisions  & rules are being introduced to curtail tax evasion, financial corruption , etc. 

I got engrossed in legal aspects of discussion , which provided me a diversion from reading endless & cogent posts, yet not yielding results so far  ! 

What occured to my a little mind I have conveyed some definite views, though they may not be definitive . 

Sarangapani . 

Indian Bank 

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[Kalyanasundaram Subramaniam]

The customer will argue his case on the  following lines: 

I have issued the cheque duly crossed. The purpose  of my crossing is immaterial. The crossing is a direction to the banker to pay the cheque through an account and not across the counter. When the bank has paid cash for the cheque, the bank has violated my mandate. Hence the bank cannot debit my account. 

Section 10 of NI Act is very clear that to be a payment in due course, it should be as per apparent tenor. Here the tenor is to pay through the account which the bank has violated. Hence it is not  payment in due course. When it is not a payment in due course, as per Section 85, the banker is not discharged. 

Hence the  illegal debit in my account has caused the deficiency in my account to honour the subsequent cheque. Hence it is banker's negligence and hence the  banker is liable. 

The banker will argue on the following lines: 

As per the instrument,, the payee is eligible for payment and we have made payment to the payee. Mode of payment is a mere technicality and hence that does not conclude that a wrong payment has been made or payment made to the wrong person. When the rightful owner has taken payment, we have got every right to debit customer's account.

It will be for the courts to decide (after some decades of litigation)

S Kalyanasundaram 

[kushal mukhoti]

Mr Sarangapani Rao.

Thank you for your mail. The issue is really debatable.

' Should a bank pay a crossed cheque over the counter? '

Your have placed your views very clearly. You have said that a banker can pay a crossed cheque safely over the counter to the true owner of the cheque by exercising utmost caution.

In my view a drawer crosses a cheque with the intention that the payment of the cheque  should not be made in cash. I think this is a mandate like a drawer issuing a post dated cheque to be paid on or after the date mentioned on the cheque. So, paying a crossed cheque over the counter or paying a post dated cheque before the date mentioned on the cheque is not payment in accordance with the  apparent tenor of the instrument or payment in due course. So, paying a crossed cheque over the counter without the consent of the drawer may put the bank in trouble and should be avoided as far as possible.  

I hope the distinguished members of this group will express their views and enlighten us by sharing their personal experiences, if any, on this matter. 

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[Sarangapani Rao]

Super, sri Kalyanasundaram 👍

Sarangapani 

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[Sarangapani Rao]

Thanks , sri Kushal Mukhoti  for response to my view. 

I hasten to reiterate that I meant making payment over the counter of crossed only, in exceptional, genuine circumstances  mostly to the customer or his representative & that too after ascertaining the genuineness of the need. 

In one instance when I ,as BM , Gummidipoondi  branch,paid a crossed cheque over the counter was to the customer's son. On the first presentment it was refused by my staff & I was not aware of it. Then the customer  called me over phone & told me that his wife was  hospitalized,in Chennai city,about to undergo surgery under emergency . He was left with crossed cheque only, which the hospital has refused & his cheque book was at home ( Gummidipoondi) , promised me to submit an open Confirmation cheque on Monday ( as it was Saturday) & requested me oblige & he could not leave the hospital & requested me to pay to his son. I complied with his request. 

I didn't stand on rules of crossing , though I was aware of provisions of NI Act . Principles of equity & milk of human kindness superseded puristically, punctilious bureaucratic observance of of rules & regulations. 

If we act " in good faith & without negligence"( as per N I Act),in all honesty, without an iota vested interest , as a Good Samaritan to help the needy in exigencies, 

we must have faith that God will protect us, whether NI Act protects or not  ! 

Sarangapani VRS 2000

Indian Bank. 

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[J R V Ramani]

Good Lawyer is a bad banker. Crossed account payee cheque may be paid in counter if banker satisfy about the person presented the cheque. The payment may be paid in good faith & without neglience.

Sent from my iPhone

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[kushal mukhoti]

Mr. Rao,

 Thanks for citing an example here. We are all along discussing paying a crossed cheque assuming that the cheque is drawn in favor of a third party. It is not clear from your statement whether the cheque in question was drawn in favor of the hospital or not. In my view, If the cheque was crossed with any individual payee's name in it, and the drawer himself requested you to pay cash to his son, there should not be any problem paying the cheque in cash in good faith and without any negligence. 

KM. 

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[Sridhar Mandyam]

Why a bank should pay cash for a crossed cheque. He is not a customer. Why preference should be given at a risk.

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[Murali]

Given the current emphasis on digital payments and routing payments through banking channels, the bank employee of the day would do well to remember the Government/RBI guidelines on the maximum amount of cash that can be paid to a third party customer. Ignoring this would not be considered prudent banking practice.

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[kds nair]

Payment in due course is te payment made in accordance with the apparent tenor of the instrument without any hesitation by the bank.What the drawer instructs must be honoured by the bank.Bank has no option but to obey the drawer of the cheque.

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[Mani B]

Why all these discussions now after retirement from bank service when those who are in service is not regarded upon.

Let our focus be on updation of pension.

Bala

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[Kalyanasundaram Subramaniam]

It is a very rare occasion to pay cash for crossed cheque.  The payment may not be to the 'customer', but it is to help the customer in a very rare occasion. There are business entities who affix crossing stamp on all the cheques once the cheque book is issued. Some of the owners of business entities sign number of blank cheques, which will be used by the employees as and when required. Hence when the signatory is out of station, some crossed cheque may have to be encashed urgently. There are very practical and genuine situations to allow this. As bankers we can't be blind followers of rules. We cannot ignore checks and balances also. 

I can narrate one incident which I handled. 

There was a construction company which draws cash on every Saturday to pay for wages. Once when the company official came to draw cash,, the cheque was not signed. If the payment is declined there will be commotion in the work site as hundreds of workers cannot be sent without wages. 

I prepared a debit voucher and debited the account and paid. Got the confirmation cheque the next working day. The company officials were very happy for timely help. Yes,  I have taken the risk of debiting the account without proper mandate. But with our experience, we always know where to take risk and where not to take. 

S Kalyanasundaram 

[Shrinivas Parkar]

You are right Respected Mani B Sir. We should stop discussing matters pertaining to Working Staff. We should concentrate only on Pension Updation and other matters pertaining to Retirees. 

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[Sridhar Mandyam]

So much discussion here has not resulted an iota of improvement in pension updation. This is a very welcome diversion from the same fruitless discussion of updation

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[Sarangapani Rao]

Sri Kalyanasundaram, excellent pragmatic elucidation of practice   in  banking . 👍

Sarangapani. 

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[kushal mukhoti]

Mr Sridhar Mandyam, 

I had tried to do the same as you have professed but failed to evoke even a lukewarm response from the luminaries in this group in the past. Now Mr Kalyanasundaram's write up in Dinamani and his subsequent post on this blog has given me a cue to take the opportunity and divert our attention from the hackneyed discussion on the updation of pensions to other topics relating to our past experiences while we are working in our respective banks. Mr Kalyanasundaram sir has already narrated how he helped one of his valued customers by going beyond the rulebook and taking a huge risk. 

Thank you.

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[Sridhar Mandyam]

Yes, we should not confine the discussion only regarding pension updation. The world is  big and pensioners have many other issues. Always whining about problems lead to depression.

We can also look at the brighter side. We are one among 2% of population who are getting good life time security. We can also discuss issues pertaining to seniors.

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[Shrinivas Parkar]

Do not get disappointed that despite our efforts Pension Updation is not happening. Water  boils at 100 Degree and not at 99 Degree. With 99 Degree water becomes only hot. Due to our campaign for Pension Uodation, we have seen many developments during last 2 years, such as Family Pension Enhancement, Instruction of Hon'ble Finance Minister Respected Nirmalaji Madam to IBA Chairman for Pension Updation as declared in the Business Line dated 30th October 2020, Subsequent formation of high Level Committe of 6 Members consisting Chairman & EDs, Calling by this Committee to UFBU for eliciting their views on Pension Updation, Indication by IBA in meeting dated 1st July 2022 to consider Pension Updation in phases. Two years back, our Pension Updation Matter was in Cold Storage, but now the Water is Hot at 99 Degree. Only One more Degree is required so water Boils at 100 Degree. Boiling water generates such power that it pulls heavy Railway Engine with number of Bogies with thousands of passenger. So Friends do not divert your attention, just give one more Degree heat so that Water Boils and we get our Pension Updation.

 

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[Nagaraju Kakani]

Sairam,We support your views. the incumbent President, being A Bank Family Pensioner , Will be of any help at this stage.

With regards,

Nagaraju Kakani

Hyderabad 

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[Sridhar Mandyam]

The steam should need some vent to escape, when it is not moving the locomotive. Otherwise it is dangerous. Diversions are such vents 

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[kushal mukhoti]

CHV has clandestinely set the heater in auto cutoff mode at 99° celcius. 

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[Anantharaman Tg]

Dear Sir,

Even if the new President want to help, she may just
convey it to the concerned (Bank, Ministry,etc). all
the previous VIPs also did it. One of our members
from AP who was a friend of of the present VP
did convey our position to him but nothing happened.
For our satisfaction, we can try but can not expect.
The FM herself is unable to deliver in spite of her
message to the authorities.

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[Shrinivas Parkar]

Locomotive has already started moving. Previously, Honourable IBA was always saying 'No Funds' for Pension Updation and Matter stopped there only. However, now with the intervention of Honourable Finance Minister Respected Nirmala Sitaraman Madam, situation is changed. Formation of high Level Committee of 6 Members consisting of Chairmans & EDs of PSU Banks, Calling by this Committee to UFBU for eliciting their views on Pension Updation somewhere in July 2021, Indication by IBA in meeting of IBA & UFBU dated 1st July 2022 to consider Pension Updation in a phased manner and the presence of the above Committee Members in this Meeting are indications that water is heating at 99 Degree. Now only One Degree is required so that Water starts Boiling with 100 Degree heat and generating Steam and the Engine will run so fast that you and me get Pension Updation very soon. 

Never lose hope. The Crew Members of Columbus were insisting to return when they were not seeing land, but Columbus was firm on his aim and he discovered America. This is called determination, which is possessed by Great Men.  Do not go in Depression but fight and try to get best things in life. Remember, Not failure but low aim is crime. 

       

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