Open Letter to CHV

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S.S.Vasan

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May 11, 2020, 12:29:12 AM5/11/20
to Bank of Baroda Retired Officers' Association Baroda, bankpe...@googlegroups.com
Letters from few pensioners of BOB  to CHV are enclosed for information

AIBEA - letter to Ch V Final.docx
Supplemental to the letter dated 29.pdf

ganpat dhond

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May 12, 2020, 12:14:58 AM5/12/20
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Thanks. Anguish of Pre Nov2002 pensioners  correctly expressed.

G J Dhond

On Monday, 11 May, 2020, 9:59:14 am IST, S.S.Vasan <vasa...@gmail.com> wrote:


Letters from few pensioners of BOB  to CHV are enclosed for information

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PARASURAMAN K R

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May 12, 2020, 6:19:34 AM5/12/20
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Dear Friends,

I dont know what purpose is served by sending such a letter. It will only serve in expressing your disgruntlement and frustrations as nothing is going to change. The thing is that we forget good things as pension itself is product of eminent leaders of AIBEA and not to forget the second pension option achieved by present leadership of AIBEA/UFBU. Writing such letters and antagonizing AIBEA and its leader will only help in distancing from BPS and loosing whatever benefit to be achieved through it. It is uncharitable to target one man for a collective decision and sparing others who signed the said BPS and who are equally responsible. Kindly desist from such antics especially when the 11th BPS is expected to be signed after the covid 19 problem is over. Direct your energy in getting direct interaction with IBA and settle your pending issues. 

ganpat dhond

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May 13, 2020, 12:08:28 AM5/13/20
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Superb .Anguish of  specially Pre Nov 2002 Retirees  well expressed. One suggestion : Since  UFBU ( with their constituents)  is/are  are parties to  relative Bipartite settlements this communication should also reach to them , Kindly consider.

Regards
G J Dhond

( Pre Nov 2002 retiree)

On Monday, 11 May, 2020, 9:59:14 am IST, S.S.Vasan <vasa...@gmail.com> wrote:


Letters from few pensioners of BOB  to CHV are enclosed for information

ganpat dhond

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May 13, 2020, 12:08:30 AM5/13/20
to bankpe...@googlegroups.com, S.S.Vasan

JSOMA SHEKARA

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May 13, 2020, 12:09:51 AM5/13/20
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I do not wish to call them disgruntled persons. Pensioners like petitioners of letter, sri.C.N.Prasad and others are warriors. When concerned persons after signing Pension scheme  were keeping silent when IBA was snatching benefits provided in Pension Regulations, these warriors( Mohandas and others  in 5 years benefit case) Sri.C.N. Prasad who took up 5 years and 50% persons Basic Pension issue of SBM pensioners and Sri.Palani, Sri.Murthy and many others fought like soldiers spending their own money energy and time, and two Andhra Bank pensioners who fought for Pension for CRS all secured us 5 year benefit and 1616-1684 benefit and Pension to CRS. If these warriors also had attitude and lack of concern for pensioners like UFBU leaders no pensioner to day would have got single benefit. Calling these persons disgruntled is equal to throwing stones on Doctors who are protecting us from COVID 19.

Satyanarayana Rao

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May 13, 2020, 12:09:51 AM5/13/20
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Some people think that they are super intelligent and by writing such letters they achieve everything for retirees. It is mere waste of time and may spoil the retirees interest as some developments  in improvement in pension updation issue  are highlighted by com C.H.V in several meetings and conferences of Aibea. Nothing can be derived by such communication at this critical juncture. It will be consigned to waste basket. We should  demand  from UFBU to resolve retirees issues by decent and convincing communication. The retirees associations are closely monitoring the issues at their level and waiting for the conclusion of 11th bipartite settlement. We can expect some positive results in the 11th bipartite settlement. 


S.S.Vasan

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May 13, 2020, 12:10:46 AM5/13/20
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---------- Forwarded message ---------
From: R. RAJENDRA BABU <r_rajen...@yahoo.co.in>
Date: Tue, 12 May 2020, 11:10 pm
Subject: Re: bankpensioner Open Letter to CHV
To: S.S.Vasan <vasa...@gmail.com>


Vasanji, you can place the following comments to Parasuraman's observation:

"Just because Pension was introduced does it mean we must keep quite to all subsequent injustices done to Pensioners, which were against Laws of this country? If you are post-2002 retiree, then you can please check the pension amount of pre-2002 pensioners without DA Neutralisation. Post-2002 Pensioners do not know the pain of pre-2002 pensioners. This man has been singled out because this injustice happened when he was the convener of UFBU and he has only criticised the Central Govt's measure of 'not reimbursing future DA INCREASE (ie if at all any increase in cost of living index)'. If it is correct, then what made him to deny DA Neutralisation ONLY to pre-2002 for past inflation? What is raised by the signatories to the protest letter is purely based on facts and reality."

R R BABU      

On Tuesday, 12 May, 2020, 06:42:06 pm IST, S.S.Vasan <vasa...@gmail.com> wrote:



GUNA

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May 13, 2020, 6:26:43 AM5/13/20
to bankpensioner, vasa...@gmail.com, cbreac...@gmail.com, Prasad, jamp...@yahoo.com, Mohan Revathi, Sankara Subramanian, srraj...@gmail.com, JSOMA SHEKARA, Govindarajan.Bcom, cpvnai...@gmail.com, Srinivasa Murti Devulapalli, mumb...@rediffmail.com, palan...@gmail.com, tsran...@hotmail.com

BANK EMPLOYEES MOVEMENT TO A GRINDING HALT?

The Edifice of Bank Employees Movement was demolished by bank employees themselves and was trampled upon by the Administration with the blessings of the Govt. of the day. The net result being the BANKING INDUSTRY, which is backbone of all other INDUSTRIES, is facing unprecedented financial position and is in a mess, even with surplus LIQUIDITY at the ease of norms, unable to find eligible BORROWERS, is parking the Surplus Fund with RBI.@ REVERSE REPO rates, resulting in not only erosion of income but also finding it difficult carry on the business of Banking, under the new regime where writing off, waiver and hair cut under the INSOLVENCY AND BANKRUPTCY CODE 2016 have become order of the day. The RBI, Banker of all other Banks and lender of last resort is busy engaged in helping NBFC and is more worried to safeguard interest of Mutual Funds by granting Rs 50000/- Crores to them to get rid of  the volatility in the Stock Market Indices. The SBI, biggest State owned commercial Bank of the Country has taken on its shoulders the burden of revival of  mismanaged private sector YES BANK at its own peril.

The Bank Employees Movement that emerged in 1940's even before Independence, was not an ordinary Trade Union fighting for wage increase alone. There have been instances where Bank Employees sacrificed their wages and struggled to save the BANKS from ruining. Despite the hard work of bank employees with unlimited working hours, sweating and toiling Banks went into Liquidation because of maladministration and default of loans under the Private Sector. There arose, from the Bank Employees Movement itself, the Demand for Nationalisation of Banks to save the Banks from the clutches of Private Sector and to use the public money for Agriculture, Small Scale Industries and other priority sectors, apart from servicing Core Industries..

During those days Bank Employees were matured enough with able leadership and unflinching loyalties towards their UNION, assisted by impressive battery of advocates and legal luminaries having left leanings. Bank Employees not only were able to achieve their demand for wage increase and better conditions of service but also ensured the health of the Banking Industry. Not a single all India Conference of the Bank Employees Union ended without passing a Resolution on the HEALTH OF THE BANKING INDUSTRY. Bank Employees were equally interested in the health of the Banking Industry along with their demand for better service conditions. Bank Employees never lagged behind in raising their voices for the common cause with public whether it be demand for increased finance to Agriculture, Small Scale Industry and other priority sector advances or serving the rural areas with lot of branches opened post nationalisation and established themselves as instrument of SOCIAL CHANGE. The GREEN REVOLUTION AND WHITE REVOLUTION are results of  such change.

The victory of Bank Employees in their emancipation from slavery to workmen participation in the management of Banks by securing a berth in the BOARDS OF BANKS, even prompted a Cabinet Minister of Central Govt. to comment "the Bank Employees are high wage islanders in the sea of poverty" without realising the contributions of Bank Employees for the welfare of the rural masses by serving them in every nook and corner of the country despite hardship. Bank Employees Union were respected by fraternal Trade Union Organisations for the achievement of  Bank Employees and every other Trade Union wanted to emulate Bank Employees Movement That is the history of 75 YEARS OF BANK EMPLOYEES MOVMENT.

AND WHERE ARE WE TODAY, from a glorious past to ever remember and cherish and having lost all hopes of finalising a reasonable settlement of the ongoing Bipartite Settlement, leave alone the ISSUES OF POOR RETIREES AND THEIR PATHETIC CONDITIONS. Unfortunately there is no All India Retirees Organisation WORTH THE NAME to pursue the issues of Retirees with proper Plan and Agenda. If the RETIREES still feel they can look for assistance or help from their parent Organisation, UFBU for resolving their long pending demands, they are surely living in fool's paradise. Only option available to them is to approach JUDICIARY, since they don't have any bargaining power.  At least they have the satisfaction of having performed their due role and contribution for building not only their Trade Union Organisation but also having contributed for development of the BANKING INDUSTRY. When this being the setback to the Bank Employees in spite of their glorious past, what to say about still unorganised millions of migrant labours. Only in India we could observe EVOLUTION OF CIVILISATION traveling in Reverse direction, where number of Billionaires increase and at the same time number of people BELOW POVERTY LINE also increase in geometric proportion. We are not reconciled to INCLUSIVE GROWTH. That's why we could witness millions of Migrant Workers, having lost their Livelihood. traveling on foot back to their birth place at least to have a peaceful death. Taking advantage of their inability and ignorance the Governments both Central and State are enacting new laws to the detriment of Workers or suspending the Labour laws enacted for their welfare in 1940s. Attempts to snatch away the Centuries old hard won right of 8 hrs a day and to  increase the working hours from 8 to 12 in a tropical Country like INDIA is nothing but INHUMAN  and against the established Conventions in INTERNATIONAL FORUM. The contention of the Govt. is to woo the Investors for revival of Economy at the peril of working class who are the backbone of the Country.

HISTORY HAS SEEN  RISE AND FALL OF EMPIRES. Bank Employees Movement is no  EXCEPTION. The present day Bank Employees will have to rise to occasion learning from the history of Bank Employees Movement. They have the twin role of saving the Health of Banking Industry as well protecting the hard won rights secured to them by their predecessors. WILL THEY RISE TO THE OCCASION?

WITH GREETINGS,

GUNASEKARAN. R

(Ex-CANARA)


Kundan Raina

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May 13, 2020, 6:26:43 AM5/13/20
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natarajan pv

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May 14, 2020, 12:06:53 AM5/14/20
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Mr. Prasad  stated in one his nails that CHV became Gen. Secy only in 2002.

Yes, the fall in standards also synchronised with that.

Did any earlier leader told his members
 " Paise Chaheye "?

CHV said so on behalf of IBA!!!



THANKS AND REGARDS,

P.V.NATARAJAN.‌
9445021712.

KLRao Gurgaon

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May 14, 2020, 12:06:53 AM5/14/20
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Mr Gunasejharan ji
Yes 
We feel awfully sad watching  helplessly  right in front of us the great mansion of Indian Banking crumbling.

Even then the govt is unaware of it.
Right now the indian Banking is in ICU 
I do not think it will come out of ICU 
It has taken shape of Bad Bank 
Later this bad bank will be cremated  for ever. 
Some one has asked  how about bad executives 
They have been already  promoted as CMDs of different Banks.
We were slaves under the  British Rule . Now we are slaves under our own Rule .
We feel more suffocated now .
Why the govt is humiliating us ?
What went wrong?
Should I call it SADISM ?
Mr Guna Sekharji I can understand the pain you have been experiencing from what you expressed here. 
Let us know each other here. 
We may have to extend our expertise for transforming India like squirrels trying to  help Lord Rama  in constructing Bridge. Vizag  KLRao 
Mobile - 8179731467


Satyanarayana Rao

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May 14, 2020, 12:06:53 AM5/14/20
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Satyanarayana Rao

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May 14, 2020, 12:06:53 AM5/14/20
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Shri Gunasekharan.I fully agree with your presentation of the history of bank employees trade union movement from it's inception to present day situation. It is really pathetic to see the deteriorating concern and interest in trade union role and their commitment to protect their  hard earned rights and concern to protect the health of banking industry. The mergers and amalgamation of banks have further complicated the control and supervision of the banks on their lending system and recovery of loans and lack of accountability from top to bottom. Every thing is in mess and nobody knows what is happening to industry and their survival and growth. The private sector banks are more vulnerable to become sick and bad.The banks require stringent regulatory body apart from RBI to monitor the qualitative functioning of the banks. The UFBU leadership should ponder and gear up  to educate the ranks to strengthen their concerns to unions and commitment. I am ok you are ok culture has to go and work for the health of the banking industry and the UFBU leadership has to launch agitation if the function of the banks are not in the safety of industry. As veterans it is our natural concern towards healthy banking industry and strong and responsible trade union functioning to protect the  industry and work for the growth and prosperity of the employees as  they are interdependent on each other. Let us hope the UFBU leadership will realise and ponder over the concerns you have perfectly addressed. With regards. 
On Wed, 13 May 2020 at 15:56, Kundan Raina

harinarayana sarma nandivada

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May 14, 2020, 12:06:54 AM5/14/20
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Well explained facts.

NHN Sarma

Rajender Sharma

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May 14, 2020, 11:45:27 PM5/14/20
to bankpensioner
Sir,

You have mirrored the true state of affairs prevailing in the Banking industry.
The pillars of the economy have been reduced to pale and frail entities, which may crumble
any time. The pandemic has added fuel to the fire.
Let us hope that good sense would prevail.

R.K.Sharma
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Dilip Deshpande

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May 15, 2020, 6:30:35 AM5/15/20
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We cannot compare Legend late Tarkeshwar Chakravarti with present useless AIBEA Leaders.

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Pawan Kumar

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May 15, 2020, 6:30:36 AM5/15/20
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U r thinking for yourself and not for sufferers pre 2002. Who has signed , they are fully responsible ,action should be taken against them.


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Anantharaman Tg

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May 16, 2020, 12:45:51 AM5/16/20
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Leaders of those times were highly competent, committed
and their concern was the interests of working class only.

I had come across a few who never hesitate to give their
considered opinion and views even for those from other
banks when approached. 

Of course, there still some of that type, but our fate is
such people can not rise up to the position.



Raju S

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May 16, 2020, 12:45:51 AM5/16/20
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As a first step would our leaders make a formal request under the RTI to the management of each bank to provide the following information?
1. The size of the pension fund yearwise.
2. The average yield on this corpus earned ever year - year wise.
3. What was the average return earned by the best performing and worst performing mutual fund with comparable investments with the same risk profile - year wise.
Let us get this info and then we can assess the performance of the fund manager who managed our pension corpus.
Pension funds are tempting and managements can be tempted to use them to tide over temporary liquidity issues at a cheap cost as the lender and borrower are the same. This has happened in several economies across the world.

Raman

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