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Showing posts with the label AIBOC

Govt not open to Bank Officers' inputs; Bankers are restless

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New Delhi, 2nd December, 2016: "The major problem is currency crunch. Sufficient supply of cash is not there. Our ATMs dry up within a few minutes,. Even soiled, mutilated and non-issuable notes deposited by the banks with RBI are being sent back for circulation, because there is this desperate situation , " says Harvinder Singh, General Secretary of All India Bank Officers' Confederation, who reportedly represents 2.75 lakh bank officers countrywide. "No new supply is coming in required quantity. I am getting reports from many parts of the country, particularly Hyderabad, West Bengal, remote areas in UP, Noida, Ghaziabad... So, it takes a lot of time to keep the supply intact. My officers are working day and night. We are supporting the government, going to any extent, but ultimately, there is some limit. Harvinder Singh: Govt needs to listen to our inputs and reward bank officers for hard work... or else! "Nowadays, some politicians have started...

RBI is jumping the gun, causing law & order problems at banks

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New Delhi, 26 th November, 2016: RBI was causing public unrest outside bank branches by publicly announcing measures before delivering the relevant notifications, guidelines and conditions to bank branches, said the Harvinder Singh, General Secretary of All India Bank Officers Confederation (AIBOC), In an exclusive interview with Varun Krishna , Mr Singh criticized the Reserve Bank  specifically for a premature announcement that those with weddings in the family could withdraw Rs 2.5 lakh cash. Bank branches could not comply, as they were yet to receive the Reserve Bank's notification, and the public vented its anger and frustration on the bank officers, the trade union leader pointed out. RBI should send notifications to banks before making public announcements: AIBOC   "Law and order outside the bank branches is to be looked after by us (officers)," said Harvinder Singh. "One of two policemen cannot control the mob. When people come inside, there ar...

Banking Industry is Paralyzed: Bank Officers' Union

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New Delhi, 26th November, 2016: "As a trade union of officers' cadre which is running the banking industry, I have certain issues regarding implementation," said Harvinder Singh, General Secretary of All India Bank Officers' Confederation. "The problems of our officers, common man and our customers should have been taken more seriously, because we the officers are working at the ground level. We know how the functioning of the branches can be improved. We know how our customers are suffering, and what is the cost of the demonetization process. Click here to listen to the recorded interview. "All our officers working in all the branches and offices are involved only in this process. The entire banking industry is paralyzed. Everybody is doing only demonetization work. The business of banking is totally affected. We are not able to deal with the normal business. Our officers are facing lots of problems on the personal and social front, being forced to wor...