NATIONALISED BANKS IN NATION BUILDING

NATIONALISED BANKS IN NATION BUILDING

Entire India must have realised now the constructive service rendered by the officers and employees of the Nationalised Banks.

All the poverty alleviation programs of the Government right from IRDP, DRI, 

PMRY,SEPUP,SEEUY and other programs targeting the specific groups like helping 

the SME customers, export business, women beneficiaries, minority communities, 

SHGs , educational loans and other flagship programs of the Government like PMJDY, 

credit the assistance directly to the beneficiaries( DBT ) and Debt waiver, the 

Nationalised Banks are in the frontline always.

In the recent times, the importance of the Nationalised Banks must have been felt 

during the Demonetisation too.

The dedicated work force of the Nationalised Banks never worried on the profits and 

personal benefits, but, always keeping the Social Banking as foremost, opened the 

branches every where from Kashmir to Kanyakumari even in the unaccessible 

locations.

If the Army is guarding the borders from the external aggression from the enemies, 

the soldiers of Nationalised Banks are guarding the country from the economical 

aggression of the both external and internal inimical forces.

Private financial institutions may be favoured and are being flourished today, but, from 

the date of nationalisation, the banking habits to every Indian citizen, even in jungles 

have been taught by the Nationalised Banks only.

Even in the midst of stiff competition now, the Nationalised Banks are shouldering 70% 

of the market share.

Thus, true it’s nature,

1. Though the Nationalised Banks’ work force has been fighting for their legitimate 

wage revision from November 2017, when the country has declared the Health 

Emergency, they shelved all their demands and reached the forefront to serve 

the nation.

2. Around 75% of the workforce of the Nationalised Banks are below 35 years and 

highly literate and about 38% are young women.

3. Everyone including, physically challenged, visually impaired, pregnant and 

young mothers have taken their position is serving the nation.

4. Even while the Government offices are closed, the Nationalised Banks are 

following regular working hours.

5. Despite the high risk, they willingly accepted their responsibility under PM’s 

Garib Kalyan Yojana, of disbursing RS 500 to women beneficiaries under 

PMJDY, Rs. 2000 to farmers and Rs.1000 to deserving senior citizens all over 

the country even in high mountains, deep valleys, thick jungles and 

unreachable through the normal mode of transport.

6. When all the public transport have come to the grinding halt, daring every 

adversaries, it is now the Officers and employees of the Nationalised Banks are 

travelling on the road along with the police, doctors, nurses and sanitary 

workers.

7. Work force of the Nationalised Banks are proving the truth in the Honourable 

Finance Minister’s statement that there is no economic emergency in the 

country.

8. Despite the fact that their wages are yet to be revised from Nov 2017, they have 

volunteered to donate one day salary to the PM CARES FUND.

9. AINBOF the umbrella organisation of the officers belong to Nationalised Banks, 

which has been fighting for the financial benefits, now donated Rs.25 lacs to 

the PM CARES FUND.

10.WE ALL THE OFFICERS OF THE NATIONALISED BANKS ARE 

PROMISING THE BRETHREN OF THIS COUNTRY “ WE SERVED, WE ARE 

SERVING AND WE WILL CONTINUE TO SERVE THE NATION.

11.To strengthen the financial Army to continue to serve the country more 

effectively in the interest of the Nation, we must urge the Administration to 

consider our expectations listed as follows, of course, after the peace returns.

I. Continuing the Government holdings in the Nationalised Banks.

II. No step towards privatisation.

III. Permitting the cadres of PSBs who are being nurtured with 

social responsibilities to hold the elite positions in the Banking 

industry.

IV. Permitting the cadres reached the top line through their 

dedication and wisdom to remain in the system till their 

superannuation to utilise their experience and exposure in

social banking to the Nation’s economic prosperity.

V. Nominating the representatives of the trade unions in the board 

to derive the benefit of robust Participative management which 

helped the sector to build the strong banking presence and 

practice.

VI. Settling the wages on the minimum wages policy without linking 

to the profit and profitability - a GOI principle available to every 

sector as approved by both the houses and assented by the 

Honourable President- The code on wages Act 2019.

VII. Officers’ wages equivalent to Grade A officers salary of GOI.

VIII. Consider running scale of pay without stagnation to encourage 

the youth to work with more dedication.

IX. Scrap the NPS by reintroducing the defined pension scheme in 

view of the uncertainty of the pension funds being managed by 

the private.

X. In respect of the elders who founded the strong edifice for the 

INDIAN BANKING system, introduce the Pension updation as 

in the Government.

Thus friends, 

while immersing ourselves in the service of the nation, let’s preserve our spirit 

to achieve our basic goal of building strong NATIONALISED BANKING SECTOR 

in the larger interest of our MOTHER INDIA

MANIMARAN G V

GENERAL SECRETARY

ALL INDIA NATIONALISED BANKS OFFICERS’ FEDERATION