Canara Bank
10:51
Showing posts with label Canara Bank. Show all posts
Showing posts with label Canara Bank. Show all posts
Monday, 29 October 2018
Thursday, 27 September 2018
Thursday, 21 June 2018
Supreme Court Order
08:03
Disbursement Of Arrears On1616-16844 Index -As Per SC Judgement dated 13-02-2018
Disbursement Of Arrears On1616-16844 Index -As Per SC Judgement dated 13-02-2018
To:All Affiliates ,office Bearers & Central Committe Members
Download Original Document
Wednesday, 13 December 2017
Friday, 9 June 2017
rural banking
18:12
Canara Bank to sell New India insurance products
Canara Bank to sell New India insurance products
Bengaluru: State-run Canara Bank on Friday signed an agreement with New India Assurance Company Ltd. to sell its general insurance products through bank branches in metros, tier-one and tier-two cities across the country. "Under the agreement, the state-run insurance firm will hard sell its various products to our customers through our 6,000-branch network across the country," the city-based bank said in a statement here. "A bouquet of products such as insurance for motor, home, health, travel, and commercial products like fire/marine/engineering insurance will be available through our branches," the bank said. The agreement was inked by the bank's General Manager Lalit Vaid and Bancassurance General Manager R.M. Singh here.
Source:Sify
Wednesday, 31 August 2016
retired bank employees
18:35
IBA MEDICAL INSURANCE SCHEME FOR RETIRED OFFICERS/ EMPLOYEES / SPOUSES OF THE DECEASED EMPLOYEES – EXTENSION OF DATE FOR SUBMISSION OF OPTION
IBA MEDICAL INSURANCE SCHEME FOR RETIRED OFFICERS/ EMPLOYEES / SPOUSES OF THE DECEASED EMPLOYEES – EXTENSION OF DATE FOR SUBMISSION OF OPTION
Monday, 25 July 2016
Revise rate
07:44
Canara Bank Retired Officers' Association demanded 'Revise pension along with bank salary hike'
Canara Bank Retired Officers' Association demanded 'Revise pension along with bank salary hike'
The Canara Bank Retired Officers' Association on Saturday said it would demand for pension revision every time the bank revises wages. In fact, this is one of the main agendas of the association's 10th biennial conference that is being held in the city. "The All India Banks Officers Confederation has promised to back our demand," said the general secretary of the Canara Bank Retired Officers' Association, K B Ballur. Pointing out that the pension amount wasn't sufficient given the present level of inflation, Ballur said using the provident fund to pay the pension was also unfair. "For example, I retired in 2000 but a person who retires in the same position now gets more than double my pension," he said. "A provident fund is something they deduct from employees' salary and the employer also contributes to it. But, it is the employees' money which ..Read More
Source:TOI
Sunday, 24 July 2016
retired bank employees
08:23
Disparity in pension, DA to be discussed in Canara Bank retd employees meet
Disparity in pension, DA to be discussed in Canara Bank retd employees meet
The two-day 10th edition of the biennial conference of the Canara Bank Retired Offices Association began here today. The association, with more than 7000 members, is affiliated to the All India Bank Pensioners and Retirees Confederation (AIBPARC). Talking to reporters, the general secretary of the Canara Bank Retired Officers Association K.B. Ballur said the meeting would discuss issues pertaining to pension, uniform dearness allowance for employees who have completed a minimum qualifying years of service. “A resolution would be passed and forwarded to the Indian Banker’s Association, Government of India and also to the management of Canara Bank,” he said. According to him the pension paid to the retired employees is frozen on the date of retirement of the employee. There are no provisions to revise the amount despite provisions in the Bank Employees’ Pension Regulation, 1995.
Monday, 18 July 2016
kerala
08:15
Canara Bank moved to Four tier Organisation Structure
Canara Bank moved to Four tier Organisation Structure
Canara Bank has moved from a three-tier to a four-tier organisation structure – comprising head office, 21 circles, 118 regional offices (ROs) and 5,847 branches across the country. The bank had pilot launched its four-tier structure on Apri1 15 this year in two circles – Bengaluru (Karnataka) and Thiruvananthapuram (Kerala) – with 19 ROs. Now, the bank is opening the remaining 19 circles and 99 ROs effective Thursday. The bank had moved to a three-tier organisation structure in 2006. While inaugurating the 19 circles and 99 ROs, Rakesh Sharma, MD and CEO of the bank, said: “Being a front-ranking large commercial bank in the country, we must change our structure to be more agile, stay in tune with the times, drive business, and bring in sustained growth by establishing more ‘Connect with the Branches and Customers’ initiatives.”
Friday, 1 July 2016
retired bank pensioners
22:00
Supreme Court Proceedings on 100 per cent DA case and IBA Managment Comittee meeting on 24.06.2015 - AIBRF version
Supreme Court Proceedings on 100 per cent DA case and IBA Managment Comittee meeting on 24.06.2015 - AIBRF version
Circular issued by AIBRF is reproduced below
Quote
Ref:2016/490 Date:30.06.2016
The Office Bearers/ Central Committee Members/ State Body Chiefs AIBRF
Dear Comrades,
Re: Civil Appeal No. 8420-8421 A.B.Kasturirangan & Others V/S Canara Bank & Others- 100 Percent DA Case in Supreme Court PROCEEDINGS ON 29.06.2016
The above two civil appeals along with 2 more civil appeals on the same subject came up our hearing in the Supreme Court on 29.06.2016.
2. Large section of bank retirees is keeping close watch on the progress of the case. We below give details in brief on the proceedings of the hearing on 29.06.2016 to enable our
membership to know correct position on the progress in the case.
(a) 5 Advocates appeared on behalf of the petitioners ( Retirees)
and 16 advocates appeared on behalf the Respondent ( Bank Managements & IBA )
(b) Regular hearing on these civil appeals could not take place on 29.06.2016.
(c) In the meantime, we understand Indian Bank Association has filed Intervention Application to become party in these civil appeals.
(d) The Bench has directed to list these applications along with the main matters in the month of January, 2017.
3. We find news are getting circulated in social media that the
appeals will come for final disposal in the month of January, 2017. It is not correct. Similarly, it is also not factually correct that pray for interim relief was heard and was not considered by the bench. In fact no such prayer was moved.
4. AIBRF is keeping close watch on the progress of the case, in particular IBA move to join the appeals as intervener, in view of interest of large number of retirees involved. We assure the membership we shall take appropriate steps , legal and other wise from time to time to protect interest of the retirees.
MANAGEMENT COMMITTEE MEETING OF IBA ON 24,06,2016We have vide our circular no. 2016/485 dated 25.06.2016 advised the membership that the pending matters of retirees were not in the formal agenda of the meeting to remove the confusion getting created by news in circulation in the social media. We find that even after issuance of our above circular, news getting still widely spread among the retirees that after the meeting IBA has sent recommendations to the government for approval of 100 percent DA to pre-November 2002 retirees and improvement in family pension. According to our information which has been crossed check, no such recommendations have gone to the government from IBA after the above meeting. We are issuing this clarification to remove confusion getting created among the membership due to circulation of such news. We assure that we shall come out with our communication as soon as there are developments in the matter for which our continuous efforts are on.
With Warm Greetings,
Yours Sincerely,
( S.C.JAIN )
GENERAL SECRETARY
Unquote
Source:Bank Pensioner
Dearness Allowances
21:57
100 percent D.A. case in Supreme court - proceedings on 29/06/2016
100 percent D.A. case in Supreme court - proceedings on 29/06/2016
The case regarding 100 percent D.A. neutralisation (A.B. Kasturirangan & others Vs Canara Bank & others ) came up for hearing on 29th June 2016, in Supreme Court of India. Regular hearing of this case could not take place on the date. Hon Supreme Court directed to list the case in the month of Jan 2017.
Sunday, 26 June 2016
Friday, 8 April 2016
Punjab National bank
22:05
Bank Board Bureau's 1st meet today: What's on agenda?
Bank Board Bureau's 1st meet today: What's on agenda?
The newly appointed Bank Board Bureau, headed by former CAG Vinod Rai, will hold its first meeting today in Mumbai.
RBI Governor Raghuram Rajan along with the Minister of State of Finance Jayant Sinha are also expected to be a part of the meeting to discuss the revamping strategies for seven public sector banks.
In an exclusive interview with CNBC-TV18, Leo Puri, Managing Director of UTI Asset Management and Usha Thorat, Former Deputy Governor, Reserve Bank of India, threw light on what could be the agenda of the meet.
The experts say that the bureau has primarily three tasks to complete- governance, capitalisation, improving industry structure.
The sequence of these three tasks matter, said Puri, adding that some steps have been taken in each direction.
Puri added that the board should look at strengthening the governance first and then shift focus to capitalisation and then consolidation. However, he maintained that given the urgency of the situation and the limited fiscal capacity, the government looks inclined towards exploring the industry structure first.
Usha Thorat believes that BBB should fill up all the empty seats in most of these banks by bringing in people at the director level and and complete the appointment of chairman and non-ex chairman, along with optimising leadership skills and human resorces.
Below is the verbatim transcript of Leo Puri and Usha Thorat’s interview with Latha Venkatesh and Sonia Shenoy on CNBC-TV18.
Sonia: What is the best way in your assessment for the bureau to go about the revamping of the public sector banks?
Puri: I think the bureau has three tasks broadly. There is governance, capitalisation and consolidation if you like or improving industry structure. I think the issue that I assume they will discuss today in terms of priorities is in what sequence does it make sense to actually achieve these goals. I think as of now you can see that there has been some steps taken in each direction, little bit of governance improvement, little bit of capitalisation and some talk of consolidation.
Ideally, of course you would want to if in a perfect world, work to first strengthen governance and then essentially think about capitalisation and industry structure would follow. However, given the urgency of the situation that we have and given the limited fiscal capacity and the limited ability of the market to support capitalisation, the government appears inclined to seriously explore industry structure as the first step. So, it will be interesting to see how that sequencing actually plays out today.
Latha: How would you put the sequencing, what should be the priority for Bank Board Bureau (BBB)?
Thorat: I sort of feel also with Leo Puri that normally the governance structure, the capitalisation and then looking at the overall structure would have been a more logical sequencing. However, it is not necessary to do it exactly one after the other, the thought processes can go on simultaneously. So, I feel that there are vacancies currently in many of the individual bank board’s which I think the priority of the BBB should be clearly to fill those up because they are hampering the operations of the banks.
I think even despite all the consolidation, ultimately these things do take time; consolidation is not an overnight process. So, in the interregnum you are going to have these banks functioning. So, I feel it is extremely essential to strengthen the banks boards, bring in some professionals at the director level, finish the appointment of the CEO or the Managing Director wherever they are necessary and complete the non-ex chairman appointment. I think that is clearly to me a priority.
Secondly, as far as the infusion of capital is concerned and that is where the concern comes from and that is where what is driving this whole consolidation is because it does sort of seem to -- capital is scarce, capital is costly and it is necessary to conserve capital and currently you have a huge amount of duplication, overlapping. What is more, you have to optimise the leadership and the human resource skills also which are quite in short supply. After all leadership skills are not so available in banking and having them over 19 banks is a tough call and all kinds of wasteful competition amongst banks.
So, this is what Narasimham Committee was had suggested way back and I think it has just been delayed. So, the other argument, I am not getting into argument of consolidation but I do feel that the urgency given to consolidation, the seriousness with which government is setting about it, I think is important.
Sonia: From a stock market point of view, there is a bit of concern about what the impact or the damage from the write downs will have to be that some of the larger banks will have to take as and when they take over the smaller bleeding PSU banks. In your mind what could the impact be, I am not trying to put any number to it but how damaging could it be?
Thorat: I think in any consolidation it is important that the merged unit is stronger than the sum of the individual units put together. It has happened and we have the case of the IDBI as well in India where the merged unit lost its strength. So, it is very important that it won’t pull down what are the already relatively stronger banks within the system.
Now, you might ask me there are signs of weaknesses in all the banks so which ones can you say are relatively stronger. However, for that we have to go over systematically, the weakness, because some of the banks have got better credit underwriting systems as a systemic thing and some have definitely been on the weak bank list for ages. So, somewhere we have to take the concept of a narrow bank and let the weak banks which have got inherent weaknesses really shrink. Therefore the capital should be really deployed in the banks which have, I would not be able to say but certainly have seem to have done better with the capital.
So, it is very important I feel in capital infusion and consolidation that is the reason why the government is I think thinking of it together. However, it doesn’t happen overnight and in the meantime you have to give a direction to the banks. So, I think that is where the struggle and the challenge is.
Latha: You correctly pointed to the example of IDBI Bank where the erstwhile IDBI Bank actually was a strong fellow who got swamped into the larger one which had more problems. Therefore, would you expect that the Bank Board Bureau should allow some of the smaller PSU banks to simply become what they call niche banks, just squeeze out capital till they turnaround and not poison a bigger bank with them?
Saturday, 19 March 2016
recruitment
22:19
Canara Bank Admit Card 2016 – Specialist Officer Online Exam
Canara Bank Admit Card 2016 – Specialist Officer Online Exam
Canara Bank Admit Card 2016 – Specialist Officer Online Exam : Canara Bank has Published a Notification Regarding Download link For The Upcoming Specialist Officer Exam On Their Official Website www.canarabank.in. Many applicants are successfully Submits their Application Forms, And Now They Are Eligible For Download Their Admit Card. Today We Are Happy To Announce That Your Waiting Is Going to End Because Canara Bank Has Announced The Admit Card / Call Letter Download Link, The Examination Center Details & The Exam date that is 03-04-2016.You Can Download the Admit Card From the official website, or you can also download from the below link.
Source:AllBankingSolutions.in
