Suicide of Farmers creates sensational news & Increase TRPs in India but suicide of Bankers never create news but printed in newspaers on 12-13th page in very small columns that went unnoticed. In 2015 alone 103 Bankers committed suicide.
A thread on Bankers committed suicide
In 2013 a 45 Year old Banker committed suicide due to mental torture by Superiors,
Another clerk blamed his Manager's excessive pressure as reason for his suicide.
Neither Bank Unions nor Mgmt took preventive steps to make it stop #YouFailedBankers
In 2014, a 51 Year old Cheif Manager committed suicide & in his suicide note he wrote his last words as "Throw my Bones to the Dogs but don't let them(Bank Mgmt) touch it" he alleged his superiors for this drastic step that vandalize whole family life.
Whose failure was that ??
One 26 Years Old
One 36 Years Old &
One 48 Years old Bank manager committed suicide in 2015. There r many unrecorded/Unknown cases r also there who couldn't come into limelight due to various issues,
But most Cases were of Managers only!!
First Bankers pressurized for rapid Disbursal of Loans to complete Targets,later when some A/c turned NPAs due to various circumstances more pressure mounted on them to recover those NPAs. Many Bankers have paid EMIs from their own pocket, just to save Bank's NPA! #935Days
In most cases suicide could've been prevented as the very reason for suicide lies within
Complain of Ongoing corruption in Bank,
Undue pressure of Cross selling,
Wrong loans to non eligible borrowers.
Such incidents could've been avoided with efficient grievance dpt intervention
We have started collecting those Data which r available in public domain already. There were many cases who couldn't reached to us due to many reasons.
From an Executive to a Newly Joind PO, no1 spared by this system who thinks Bankers as a Machine to deliver!! #YouFailedBankers
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As many of you may be aware that Centre drafted the rules for ""Minimum Wage Code Bill 2019" which was passed in RS on 2.8.2019. Lok Sabha passed bill on 30.7.2019. Lets try to understand what happened in it for Bankers & how IBA & UFBU made us fool thehindu.com/news/national/…
On 7th July 2020 eGazette was published for "Code on Wages Bill, 2019" which seeks to amend & consolidate laws relating to wages, bonus & matters connected therewith.
✔The Code subsumeed,
✔Min Wages Act
✔Payment of Wages Act
Payment of Bonus Act &
✔Equal Remuneration Act.
Now coming the interesting part, in the middle of worldwide pandemic & more than 6 Month's hibernation, Indian Bank association wake up & issued letter on 10th July ( Just 3Days later) for "Wage Negotiations Meeting" on 22nd July. Coincidence???? Apparently not!! Stay tuned;
Total paid up capital in all CPSEs as on 18-19 stood at ₹2,75,697 Cr as compared to ₹2,53,977 Cr 17-18 (339 CPSEs), showing a growth of 8.55%. Total Fin Investment in all CPSEs stood at ₹16,40,628 Cr as on 31.3.19 as compared to ₹14,31,008 Cr as on 31.3.18
Capital Employed in CPSEs stood at ₹26,33,956 crore as on 31.3.2018 as compared to ₹23,57,913 crore as on 31.3.18 showing a growth of 11.71%. Total gross revenue from CPSEs during 2018-19 stood at ₹25,43,370 Cr as compared to ₹21,54,774 Cr in 17-18. #GarbageChetanBhagat
Total income of all CPSEs during 2018-19 stood at ₹24,40,748 Cr as compared to ₹20, 32,001 Cr in 2017-18, showing 20,12% growth. Profit of CPSEs (178 CPSEs) stood at ₹1,74,587 Cr during 2018-19 as compared to ₹1,55,931 Cr in 2017-18 showing 11.96% growth #GarbageChetanBhagat
During the Global Meltdown India performed well compare to many developed countries like UK/US just because of that potential liquidity in system increased by Rs.5.6 trillion or 9.5 percent of the GDP. Average of daily Call money rates under impact of reduction in CRR
& Repo Rate declined from 9.9 percent in October-08 to 3.17 in May-2008. Although RBI increased liquidity significantly, the utilization of liquidity by banking system was limited because of the low credit demand from the Market & #StopPrivatization #BJPkilledPSUs
Defensive approach of mostly Nationalized Banks to lend money during recession makes Indian financial sector emerged with dismal damage all because of then Strong regularity framework of RBI. Bt since present Govt is adamant at policy level future seems Uncertain!! #BJPkilledPSUs
In six years to 2019-20, 10 states have announced farm loan waivers totaling Rs 2.4 lakh crore--which amounts to four times the 2019-20 budget for the Rural Jobs Programme or 9% of the 2019-20 Union budget--as per a Sep 2019 report on Agri credit by RBI. #PvtLtdSarkar #SaveIDBI
In these 6 years, 2017-18 saw most waivers, reaching 12% of gross fiscal deficit (total Exp in excess of income) 7States- Andhra Pradesh, Telangana,Tamil Nadu, Maharashtra, UP, Punjab & Karnataka. Altogether, they provided nearly ₹49K Cr budgets for loan waivers during 17-18.
Surprisingly 2017-18 happenes to be the year for various state assembly elections also & Parties used debt waiver as Vote Bank Tools
Andhra Pradesh- 4/2019
Telangana- 12/2018
Tamilnadu - 6/2016
Uttar Pradesh- 2/2017
Punjab - 2/2017
Karnaraka- 5/2018
Maharashtra- 10/2019 #SaveIDBI
11thBPS Events till today
✔3 Reminders (in 2016)from @DFS_India
✔Charter of Demand Submitted in May 2017
✔23 Rounds of meeting with Full Negotiation Committee
✔UFBU leader met Honourable @FinMinIndia on 21/3/18
✔First offer made by IBA on 5/5/18 (185Days Delay)
In 20 Month of Shameless Percentage game started from 2%, then further improved to 6%, then 8% then 10% & finally the latest offer (before march 2020 strike call) of 12.5% was made on 13.01.2020!! They turned Bankers Bipartite Settlements into a Bhindi Bazar!!! #NoMoreDelay
✔Total 42 Rounds meeting have been done,
✔Half Dozen strikes have been called
✔3 massive Demonstration have been held at Delhi
✔Countless agitation programmes held nationwide
Still @DFS_India unable to Resolve a very simple Wage Negotiation process for Bankers?? #NoMoreDelay