As you are aware that ABOA Mysore Unit has passed the resolution to support the merger of State Bank of Mysore with SBI unanimously in its Managing Committee meet held on 21st September 2008 in Bangalore. Though the move of ABOA Mysore Unit to pass such resolution to support merger has been widely acknowledged and welcomed by the officers across the Associate Banks and is widely seen as a result of historic Mumbai meet of ABOA in Mumbai on 30th August2008, the people close to banking trade unions know that such move was already passed by your ABOA Travancore unit more than 1year ago itself.
It is also now a wide belief of the members of ABOA across the Associate Banks that move of ABOA Mysore Unit is nothing but a taking cue from ABOA Travancore Unit. The ABOA Mysore Unit has adopted the same methodology of its Travancore Unit who is successfully able to contain the mass up rise under check for more than a year or so. The modus operandi to tactfully suppress the movement which has now turned out into mass movement across the Associate Banks, in support of merger is one and the same of whether it is ABOA Travancore Unit or Mysore Units and it also confirm that it has been taken at the behest of SBI Federation.
How tactfully since last one year the ABOA Travancore has been suppressing the desire of its officers it is revealed by the actions of the Unit. ABOA Travancore unit has been telling its members that they support merger but dutifully they are forcing its members in all the 8 strikes so far called by ABOA/SBIOF/UFBU against the merger.
This forum on the behalf of its members and also on the behalf of officers of all Abs wants to know what the message ABOA Travancore Unit is trying to give by its continued participation in strikes called against merger despite having passed resolution to support merger long back.
Recent statement of SBI, published in leading dailies, not to merge any other Abs in this financial year has forced us to once again think what compels SBI to take such stands. Global financial crises, what the some newspapers are quoting cannot be the sole reasons of this stands. Rather the global financial crisis is giving the message that it is the time to consolidate.
Already 12 small banks in the US has been closed and latest Washington Mutual bank has finally come into the fold of JP Morgan Chase Bank which is amongst the World’s largest bank. Washington Mutual was having deposit of $182 billion while SBI is having deposit of only $126 Billion. If a bank having a deposit base of $182 billion is not able to survive, we can think of fate of a bank having a deposit base of $126 Billion, more so after opening of banking sector post 2009.
If SBI will not merge all its Abs then they themselves may also fall into difficult situation. In rupee term if SBI with deposit of Rs 537404 crore (as on 31/03/08) will find itself in troubled waters, then we cannot think of survival of a bank with tiny deposit of just Rs24699/-. And for that matter the situation will be same for all the Abs.
ABOA has to reply of
(1) If officers of a bank with of Rs 16168crore deposits (SBS, as on31/03/2008) are fit to take the benefit of 6% housing loan then why it should no be available to officers of a bank with Rs50108 crore (SBH) or Rs35354 crore (SBT) of deposit?
BOPF’s Answer is that since SBS merged with SBI despite their meager (3times less) deposit base they are eligible to get such benefits and officers of all other big Abs can not think of such benefit till merger.
BOPF’s Message is: -- Get merged get cheapest housing loan.
(2)If officers of a bank with a profit of just Rs52crore (SBS profit as on March2008) are enjoying current account overdraft at least possible rate of 6% then why it should not be available to officers of a bank with Rs 557crore (SBH) or Rs386crore (SBT) of profit?
BOPF’s Answer: --Officers of a bank with even 10 times less profit are enjoying the cheap loan as they are lucky in going into fold of SBI while all other are keeping watch on the steps of SBI.
BOPF’s Message is: -- Get merged get cheapest current account overdraft.
(3) If officers of a bank with profit per employee of just Rs74000 (SBS) level takes the benefit of unlimited medical aid then why officers of a bank having profit per employee of Rs4.35lakhs (SBH) or Rs3.40 lakhs (SBT) should be debarred of that benefit?
BOPF’s Answer Officers of a bank with even 6times less profit per employee than its peers are able to take benefit of unlimited medical aid since SBI has acquired them and all other 6 Abs are sitting on the fence to watch the magician gesture of SBI.
BOPF’s Message is: -- Get merged get unlimited benefit.
(4)If officers of a bank with business per employee of just Rs396 lakhs would take the benefit of recent petrol hikes then why officers with business per employees of Rs600 lakhs (SBH) or Rs559 lakhs (SBT) should not get recent hikes in petrol eligibility?
BOPF’s Answer Officers of a bank with less strain and even 2times less business per employees are enjoying recent hikes in entitlements for petrol since they have merged in big bank SBI and all other Abs are not showing conviction of benefit of merger.
BOPF’s Message is: -- Get merged get hike in petrol claim.
It is also now a wide belief of the members of ABOA across the Associate Banks that move of ABOA Mysore Unit is nothing but a taking cue from ABOA Travancore Unit. The ABOA Mysore Unit has adopted the same methodology of its Travancore Unit who is successfully able to contain the mass up rise under check for more than a year or so. The modus operandi to tactfully suppress the movement which has now turned out into mass movement across the Associate Banks, in support of merger is one and the same of whether it is ABOA Travancore Unit or Mysore Units and it also confirm that it has been taken at the behest of SBI Federation.
How tactfully since last one year the ABOA Travancore has been suppressing the desire of its officers it is revealed by the actions of the Unit. ABOA Travancore unit has been telling its members that they support merger but dutifully they are forcing its members in all the 8 strikes so far called by ABOA/SBIOF/UFBU against the merger.
This forum on the behalf of its members and also on the behalf of officers of all Abs wants to know what the message ABOA Travancore Unit is trying to give by its continued participation in strikes called against merger despite having passed resolution to support merger long back.
Recent statement of SBI, published in leading dailies, not to merge any other Abs in this financial year has forced us to once again think what compels SBI to take such stands. Global financial crises, what the some newspapers are quoting cannot be the sole reasons of this stands. Rather the global financial crisis is giving the message that it is the time to consolidate.
Already 12 small banks in the US has been closed and latest Washington Mutual bank has finally come into the fold of JP Morgan Chase Bank which is amongst the World’s largest bank. Washington Mutual was having deposit of $182 billion while SBI is having deposit of only $126 Billion. If a bank having a deposit base of $182 billion is not able to survive, we can think of fate of a bank having a deposit base of $126 Billion, more so after opening of banking sector post 2009.
If SBI will not merge all its Abs then they themselves may also fall into difficult situation. In rupee term if SBI with deposit of Rs 537404 crore (as on 31/03/08) will find itself in troubled waters, then we cannot think of survival of a bank with tiny deposit of just Rs24699/-. And for that matter the situation will be same for all the Abs.
ABOA has to reply of
(1) If officers of a bank with of Rs 16168crore deposits (SBS, as on31/03/2008) are fit to take the benefit of 6% housing loan then why it should no be available to officers of a bank with Rs50108 crore (SBH) or Rs35354 crore (SBT) of deposit?
BOPF’s Answer is that since SBS merged with SBI despite their meager (3times less) deposit base they are eligible to get such benefits and officers of all other big Abs can not think of such benefit till merger.
BOPF’s Message is: -- Get merged get cheapest housing loan.
(2)If officers of a bank with a profit of just Rs52crore (SBS profit as on March2008) are enjoying current account overdraft at least possible rate of 6% then why it should not be available to officers of a bank with Rs 557crore (SBH) or Rs386crore (SBT) of profit?
BOPF’s Answer: --Officers of a bank with even 10 times less profit are enjoying the cheap loan as they are lucky in going into fold of SBI while all other are keeping watch on the steps of SBI.
BOPF’s Message is: -- Get merged get cheapest current account overdraft.
(3) If officers of a bank with profit per employee of just Rs74000 (SBS) level takes the benefit of unlimited medical aid then why officers of a bank having profit per employee of Rs4.35lakhs (SBH) or Rs3.40 lakhs (SBT) should be debarred of that benefit?
BOPF’s Answer Officers of a bank with even 6times less profit per employee than its peers are able to take benefit of unlimited medical aid since SBI has acquired them and all other 6 Abs are sitting on the fence to watch the magician gesture of SBI.
BOPF’s Message is: -- Get merged get unlimited benefit.
(4)If officers of a bank with business per employee of just Rs396 lakhs would take the benefit of recent petrol hikes then why officers with business per employees of Rs600 lakhs (SBH) or Rs559 lakhs (SBT) should not get recent hikes in petrol eligibility?
BOPF’s Answer Officers of a bank with less strain and even 2times less business per employees are enjoying recent hikes in entitlements for petrol since they have merged in big bank SBI and all other Abs are not showing conviction of benefit of merger.
BOPF’s Message is: -- Get merged get hike in petrol claim.
(5)If officers of a bank with capital & reserves of just Rs1145 crore would get third benefit why officers of a bank with capital & reserves of Rs2709 crore (SBP) or Rs1718 crore should not get it?
BOPF’s Answer Officers of a bank with even half of capital is enjoying third benefit as it is merged with SBI while rest 6 Abs are even struggling for second benefit.
BOPF’s Message is : -- Get merged get third pension benefit
(6)If officers of a bank with having advance level of just Rs12241 crore are able to save not less than Rs10000-Rs15000 per month on concessional staff loans why it should come to officers of having advance of Rs35849 crore (SBH) or Rs28139 crore (SBT)?
BOPF’s Answer Officer of a bank with even 3times less advance level have shown eagerness to merge with SBI which was missing in all other 6 Abs.
BOPF’s Message is: -- Get merged get saving of over Rs10000/per month.
Finally who should be part of a large landscape (of SBI) whether a bank at the bottom of pyramid or a bank whose performance in terms of profit (of SBH) wise is better than several nationalized bank (like CBI, UCO, PSB, VIJAYA BANK, DENA Bank, Bank of Maharastra, United bank of India)?
BOPF’s Answer Officers of a bank with even half of capital is enjoying third benefit as it is merged with SBI while rest 6 Abs are even struggling for second benefit.
BOPF’s Message is : -- Get merged get third pension benefit
(6)If officers of a bank with having advance level of just Rs12241 crore are able to save not less than Rs10000-Rs15000 per month on concessional staff loans why it should come to officers of having advance of Rs35849 crore (SBH) or Rs28139 crore (SBT)?
BOPF’s Answer Officer of a bank with even 3times less advance level have shown eagerness to merge with SBI which was missing in all other 6 Abs.
BOPF’s Message is: -- Get merged get saving of over Rs10000/per month.
Finally who should be part of a large landscape (of SBI) whether a bank at the bottom of pyramid or a bank whose performance in terms of profit (of SBH) wise is better than several nationalized bank (like CBI, UCO, PSB, VIJAYA BANK, DENA Bank, Bank of Maharastra, United bank of India)?
3 comments:
The message/content is really good. But language is horrible!!!
PLEASE TRY TO IMPROVE YOUR GRAMMAR…... PLEASE
It is high time that Associate Bank officers think of an alternative channel to take their cause of merger with SBI. Merger is an important agenda benefiting Associate Bank officers and Officers and employees of other banks should not object to one set of their own comrades getting a benefit. First let them allow us to get the benefit. Let them not BLOCK the way. Since most of the employees union members have got pension benefit, thier Union is not serious about either 2nd option leave alone the benefit available to officers of AB after merger.
Balu
With Due respect i want to ask 2 Questions :-
1. what about four increment benefit after merging SBS with SBI. Will PO's/TO's be eligible of that or not???
2. I joined State Bank of Patiala as PO in September 2007 with Pension option.
Now i got selected as SBI PO (joining may be in November, where
I will get benefit of 4 increment.
In Recruitment Advertisement SBI putted following line :-
***** NOTICE - Provisions of pension and provident fund schemes of the Bank are under review and the new entrants may be entitled to only non-contributory provident fund and Defined Contribution Pension.
My question is that whether it will be good to resign SBP and join SBI in this merger scenario??
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