ARISE MEETING AT TRIVANDRUM ON 25.09.2017

Minutes of the family meet of ARISE  Trivandrum Region :

Date  25/09/2017

Place Hotel Town Tower Trivandrum

Time  10.30 A.M.

Com.K.V.Acharya inaugurated the function.

Addressing the meeting at Hotel Town Tower,  Tvm, he reviewed the present situation in the banking sector. Banks are in the shadow of high NPA due to wrong policies of the Govt. and RBI. Banks had extended big ticket loans to corporate  in the sectors like coal, telecom, real estate due to high pressure from Government Of India to save the sectors and accelerating growth to save them from slowdown due to the crisis in 2008 world over. These are sanctioned by the Top executives not by branch managers. Referring Sri. Gurumoorthy, the famous economist, he opined that the Basel norms are not fully suited for countries like India. Though the assets are performing, we are forced to treat them as non-performing. Huge provisions resulted in showing net loss or small profit. Our hard earned profits are eaten away by the loans of the corporates. Now RBI has started taking some measures that too are not smooth due to litigations and other matters.

He has touched all issues of the retirees and explained the efforts taken to convince the higher officials in Ministry of Finance, GOI. He also explained why the case of CB retirees at Chennai failed and how we could convince the advocates on the anomalies. Adv. Nambiar, Adv. Mohana and others presented the points very well and the Honourable court was convinced. We expect a positive decision in the first or second week of Oct. He also referred the insurance premium of retirees. Actually Gol asked bankers to formulate a scheme for health insurance Scheme for existing employees and retirees. But IBA wisely added a clause stating that the premium should be borne by retirees by themselves. He admitted that the premium hike for domiciliary is unaffordable. CBPRO, the joint forum of retiree’s organisations have submitted a Memorandum to IBA and Gol in this regard.

He touched upon almost all the issues and his presentation was well received.

Sri.K. Santhosh, Chief Regional Manager made the Key Note Address. Sri. V Gopinath Presided. Sri. K.R.Ananthapadmanabhan delivered welcome speech. Mr.Chandrasenan R, Gen. Secretary, AlBPARC and P.B.Thomas, President, AIBPARC  and Abraham Shaji John, State Sec.AlBOC addressed the gathering.  R.Gireesh kumar, Dist. Secretary, AlBPARC, Tvm extended  vote of thanks. DIRECTORY  of ARISE, Tvm was released by Com K.V.Acharya handing over a copy to Sri.Ramachandran Potti , our senior most member. Elders who crossed 70 yrs also  were honoured. More than 115 members attended.

Meeting concluded by lunch at 2 P.M

Points covered in the Memorandum to GOI/IBA

• Family Pension should be on par with the Government and be at 30% of last drawn pay.
• 100% Neutralization on DA to all pre-November 2002 retirees.
• Up-gradation of Pension.
• IBA Mediclaim Insurance Scheme with Topup Policy (Total coverage Rs.9 Lacs) – The steep increase in the Premium is to be discussed with Insurance Company, IBA and Retirees Association before finalizing. The Insurance Premium has to be borne by Banks at par with serving members.

—-    ARISE TEAM TRIVANDRUM