Skip to main content

Refusal to give salary boost citing NPAs: How can bank employees be held responsible?

By Gautam Thaker*
Recently, there has been an increasing tendency on the part of the Government of India to push forward its reforms agenda. It is found to be vigorously according high priority to issuing new banking licenses to the corporate sector, throwing open the banking sector to private entities in the name of favouring small banks, even as allotting to private persons shares of public sector banks.
In fact, it is giving a go ahead to merger and acquisition of banks in the name of consolidating them. The trend of bad loans or non-performing assets (NPAs) is increasing, but no effective and stringent steps are being taken for their recovery.
All this is happening amidst the government showing keenness to bring about labour reforms in the interests of industrialists and capitalists, though detrimental to workers’ interests. Rights and privileges of the working community are sought to be trampled upon.
When the United Forum of Bank Unions recently approached the government with the demand of lawful, reasonable and time-bound pay rise, it was offered mere 2% rise over a five year span.
For the last many years, pending demands of bank employees have been piling up. Before the time-limit for pay revision came to an end on October 31, 2017, a 15% rise in the pay scale was agreed upon in 2015. This rise in salary was effected from 2012 to 2017.
But when bank employee unions approached the government, they were offered just 2% rise. They were told, since NPAs have snowballed during the last four years, no more than 2% rise could be offered. There are 21 banks under the PSU category with employee strength of over 8 lakh.
As regards increase in banks’ NPAs, employees are not responsible or accountable for it. Powers have been vested in senior officers to sanction loans to the tune of Rs 50 crore to Rs 1,000 crore. Senior officers such as general manager (credit), chairman and managing director as also executive directors are responsible for this. Hence, one cannot accept the argument that pay rise cannot be acceded to in view of rising NPAs.
Presently, the condition of bank employees is pitiable and deplorable. Permanent and regular banking jobs are outsourced to external agencies, working hours of the officers are not fixed, and there is no regulation as regards their extended working hours.
Meanwhile, licenses are issued to the corporate sector for opening new banks, classification of public sector banks are made on the basis of their group performance and resultant mergers.
While the country’s economy has gone down the drains owing to demonetization and goods and services tax (GST), recent bank scandals make it clear that the administration of the Reserve Bank of India (RBI) has completely and callously failed. There is a need to inquire into why no bank is following or abiding by rules and regulations framed by RBI.
What has happened to the vigilant audit system of banks? Where is the fault of ordinary bank employees for denying them increase in salary? During the year 2016-17, the gross operating profits earned by banks was to the tune of Rs 1,58,982 crore, but there was a setback due to negligence of senior officers vis-à-vis NPAs.
It is difficult to understand that bank employees are being deprived of their legitimate right and justified salary rise under the pretext of NPAs. Let us hope that the NDA Government will take a positive decision in right perspective by taking into account justified and settlement-based demands of the bank employees.
---
*Chairman of Indian National Bank Employees Federation, Gujarat. Contact: gthaker1946@gmail.com

Comments

TRENDING

Mallika Sarabhai releases speech she was 'not allowed' to give at NID Convocation on Feb 7

Counterview Desk
The National Institute of Design (NID) in Ahmedabad, a Ministry of Commerce and Industry body, landed itself in controversy following its decision to put off its 40th convocation ceremony, where noted danseuse Mallika Sarabhai was invited as chief guest. The ceremony was scheduled to be held on February 7.

Modi, Shah 'forget': Gandhi’s first Satyagraha was against citizenship law of South Africa

By Nachiketa Desai*
Hindu fanatic Nathuram Godse assassinated Mahatma Gandhi once on January 30, 1948 but his followers raising the war cry of ‘Jai Sriram’ are killing the Mahatma every day. In his home state of Gujarat, Gandhiji was killed a thousand times in 2002 when over 2,000 Muslims were butchered, their women raped, homes and shops plundered and set on fire and even unborn babies ripped out of the wombs of their mothers.

As corona virus 'travels' to rural areas, NGO begins training tribals, marginalised women

By Souparno Chatterjee*
The World Health Organization (WHO) has declared corona virus a pandemic. Originating from Wuhan in China, it has traversed the entire globe, almost, and claimed more than 16,000 lives already. That’s largely the urban population. In India, despite all the preparedness and war-like promptness to safeguard against the pandemic, several lives have been lost , and hundreds of individuals have tested positive.

Rani Laxmi Bai, Tatya Tope 'martyred' by East India Company, Scindia's forefathers

By Our Representative
In an email alert to Counterview, well-known political scientist Shamsul Islam has said that was “shameful for any political party in democratic India to keep children of Sindhias in their flock” given their role during the First War of Indian Independence (1857). In a direct commentary on Madhya Pradesh Congress leader Jyotiraditya Scindia moving over to BJP, Prof Islam has quote from a British gazetteer to prove his point.

COVID-19: Dalit rights bodies regret, no relief plan yet for SCs, STs, marginalized

By Our Representative
In a letter to Prime Minister Narendra Modi, the National Dalit Watch-National Campaign on Dalit Human Rights, endorsed* by several other Dalit rights organizations, have insisted, the Government of India should particular care of the scheduled castes and tribes, trans folks, persons with disabilities and the women and children from these communities, while fighting against COVID-19 pandemic.

Big 'danger' of NPR: A babu can tag anyone as doubtful citizen, Jharkhand meet told

' By Our Representative
People in large numbers from across Jharkhand gathered at the Raj Bhawan in Ranchi to demand that the Hemant Soren government reject National Population Register (NPR) and stop all NPR-related activities. The people’s organisations which participated in the dharna under the banner of the Jharkhand Janadhikar Mahasabha (JMM) resolved to intensify their struggle, insisting, NPR is not a Hindu-Muslim issue but is essentially anti-poor.

Coronavirus scare ‘pushing’ people from Northeast India into more hardship

By Rishiraj Sinha, Biswanath Sinha*
“No one is born hating another person because of the colour of his skin, or his background or his religion. People learn to hate, and if they can learn to hate, they can be taught to love, for love comes more naturally to the human heart than its opposite.” – Nelson Mandela
***

Gujarat govt plan to 'banish' Gandhian activist anti-democratic, unconstitutional

By Rohit Prajapati*
The current Central and Gujarat governments, and their bureaucracy, have been and are still unable to answer and address the concerns raised, with facts, figures, and constitutional provisions, regarding the terror of tourism in the name of the Statue of Unity and tourism projects surrounding it.

Haridwar Swamis lead Khudai Khidmatgar peace march in Delhi 'riot affected' areas

By Our Representative
A Khudai Kidmatgar team, which visited the riot-affected regions along with Swami Shivanand Saraswati and Swami Punyanand, has insisted that India's true heritage is the lesson of ‘vasudhaiv kutumbakam', and it is the responsibility of all to carry froward this legacy. Originally founded by Khan Abdul Ghaffar Khan in 1930, also known as Frontier Gandhi, Khudai Khidmatgar is claimed to have been revived by young Gandhian activist Faisal Khan in 2011.