banking news 2013 decembr 24 (2)

8/11/2019 Banking News 2013 Decembr 24 (2)

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Bank employees to go on strike on Jan 20, 21

They are demanding early wage revision and protesting againstbanking reforms

T E Narasimhan | Chennai December 23, 2013BUSIN SS S!"N#"$#

Bank employees to go on a two day strike on January 20 and 21,followed by further strikes in February and Mar h 201!"

Banking News Estd. 20-4-1946

NEWS BULLETIN from LL INDI B NK EMPLOYEES SSOCI TION

24 DECEMBER 2013
http://www.business-standard.com/search?type=news&q=Bank+Employeeshttp://www.business-standard.com/search?type=news&q=Bank+Employees


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The decision was taken at a meeting UFBU took !ace in "#derabad toda#,said C " $enkatacha!am , %enera! &ecretar#, "ll India Bank mployees"ssociation % "IB " &

The UFBU, a art 'rom (!! )ndia Bank Em !o#ees (ssociation *()BE(+, inc! des(!! )ndia Bank -.cers/ Con'ederation *()B-C+, Nationa! Con'ederation o' Bank Em !o#ees *NCBE+, (!! )ndia Bank -.cers/ (ssociation *()B-(+, BankEm !o#ees Federation o' )ndia *BEF)+, )ndian Nationa! Bank Em !o#eesFederation *)NBEF+, )ndian Nationa! Bank -.cers Congress *)NB-C+, Nationa!-rganisation o' Bank orkers *N-B + and Nationa! -rganisation o' Bank-.cers *N-B-+

In the meeting it as decided to urge upon the Indian Banks"ssociation and (o)ernment to resume the talks ith a *etter and

reasona*le o+er o age increase and e-pedite the settlement atthe earliest.

(ro nd ten !akh em !o#ees went on a strike on December 1 th demanding'or ear!# wage re ision and against banking re'orms The decision comesa'ter ta!ks between Unions and Banks was 'ai!ed

C " $enkatacha!am, %enera! &ecretar# "ll India Banks mployees"ssociation %"IB "& said ta!ks between )ndian Banks (ssociation *)B(+ and()BE( on &at rda# did not #ie!d an# ositi e res !t so the Union decided toca!! 'or a strike

The Union was demanding ear!# wage re ision, which he c!aims its ending'or a!most an #ear

4The# *)B(+ said econom# is in bad sit ation and cannot re ise wages now,which we don/t agree,4 said $enkatacha!am

The Union is a!so against banking re'orms inc! ding ri atisation, mergers,

gi ing !icense 'or Cor orate ho ses, rising N5(s and others, said$enkatacha!am

Bank unions threaten t o/day strikerom January 20 or early age

settlement
http://www.business-standard.com/search?type=news&q=C+H+Venkatachalamhttp://www.business-standard.com/search?type=news&q=Aibeahttp://www.business-standard.com/search?type=news&q=C+H+Venkatachalamhttp://www.business-standard.com/search?type=news&q=Aibea


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B# 5T) | 23 Dec, 2013 EC-N-6)C T)6E&, NE DE7")8

Em !o#ee nions o' b!ic sector banks on 6onda# threatened to go on atwo9da# strike beginning :an ar# 20 to ress 'or ear!# wage sett!ement and

other demands

4)n toda#/s meeting at "#derabad, it has been decided to rge on )B( andthe go ernment to res me ta!ks with a better and reasonab!e o;er o' wageincrease and e< edite sett!ement 'ai!ing which the nions wo !d go on a = 9ho r strike 'rom :an ar# 20,4 United For m o' Bank Unions *UFBU+ 'ormercon ener C " $enkatacha!am to!d 5T) &ta; o' b!ic sector banks had goneon a one9da# nationwide strike on December 1

ur e+orts to tackle *ad loans illsho results o)er ne-t e uarters3

BEEN( 5(>6(>, &(T?(N(>(?(N )?E>

6U6B(), DEC 238 BU&)NE&&7)NE


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RAJEEV RISHI, CMD, CENTRAL BANK OF INDIA

(ross N4"s should all *elo 56 *y 7arch, says 8entral Bank o India 87#

(mid an economic s!owdown and o!ic# ara!#sis, it is de@nite!# a cha!!engeto take charge as the head o' a b!ic sector bank, which has made a net!oss o' >s 1,A0 crore and has a non9 er'orming asset *N5(+ ratio o' A er

cent, among the highest in the co ntr#>a ee >ishi, who took o er as the Chairman and 6anaging Director o' Centra! Bank o' )ndia in ( g st this #ear, ta!ks abo t his strateg# aimed atred cing N5(s and on wh# the bank wi!! 'oc s more on retai! b siness

5 b!ic sector banks are s ;ering more than their ri ate sector co nter artsbeca se o' their e< os re to in'rastr ct re, he sa#s

-cerpts rom an inter)ie 9

8entral Bank o India has *een in a spot ith a loss and huge N4"sin the second uarter. :hat are you doing to ;- thiss 11,A00 crore+o' gross ad ances, the gross N5(s are worrisome The !oss was d e toincreased ro isioning in a 'ew cases These cases are there in the ind str#as we!! and not st s eci@c to m# bank


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For es 1,000 crore

( reso! tion o' N5(s is im erati e e ha e engaged o rse! es in an action!an that essentia!!# co ers @ e acti ities ti!! 6arch 201= The ma or 'oc s is

to ens re there is no ' rther deterioration in asset G a!it# and reco erwhate er is ossib!e

(!so, ) cannot sto doing 'resh b siness B t ) ha e s!ight!# tweaked m#riorities ) wi!! contin e to do cor orate credit, b t wi!! a!so 'oc s more on

retai! credit as it has !ess stress

) ha e a h ge network o' =,3A0 branches &o, ) can de@nite!# e< ect b sinessto ha en in ma orit# o' these branches

"ence, ) ho e that with the 'oc s now on retai! and reco eries, we sho !d beab!e to get o r gross N5(s de@nite!# be!ow er cent b# 6arch

8an you ela*orate on the reco)ery steps you ha)e put in places 1,0009crore additiona! !oss 'rom one acco nt e co !d notha e done an#thing abo t it as it was with the CD> ce!!

-nce we rea!ised we wo !d not reco er the mone# this G arter, we madero isions 'or the same The net addition to the N5( was a!so >s 1,000 crore

)t is norma! 'or a bank o' this siIe Tanksa!e *the re io s Chairman+ wo !dha e a!so done the same

4ri)ate sector *anks seem to *e getting a handle on the N4"pro*lem. =o di+erent is it or pu*lic sector *anks

banking news 2013 decembr 24 (2)

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