injustice with bank officers


Government framed policy for posting of bank employees in Villages as also for posting in North Eastern States to promote rural banking and to help development work in rural areas and North Eastern states. But management of banks have always misused this excellent policy to discard non-flatterers and to torture those employees who do not indulge in corrupt practices and who do not implements bad orders of the executives.

RBI or any investigating agency on honest inquiry will find that some officers have been working in villages for two or three decades whereas flatterers of the top officials of the management have been allowed to work in Metros for decades together. When an officer do not provide gifts to General Manager, he is posted in North Eastern States on the plea of Non Performance whereas those who commit fraud or indulge in irregular credits but always provide golden gifts to GMs, DGMs, AGMs in the name of some function either of inauguration or customer’s meeting are allowed to remain in big towns.

Some officers are simply creating bad advances and some others are constrained to recover the bad advances merely to save the corrupt officers from punishment. This is why loans or advances become Sub Standard in one or two years of its disbursement. It is also a bitter fact that such bad advances are concealed by gifting Auditors and inspectors and treated as good advances till the sanctioning officer wither is promoted or get safe exit from the bank. Honest workers are made scapegoat for the misdeeds of big executives.. It is undeniably truth that excellent results exhibited through annual balance sheets are due to devoted work of good performers and it is they who are salvaging banks from the misdeeds of bad officers. As such shining balance sheet of a bank should not give conclusion that the results shown are hard work of top officials sitting in AC rooms but that of field workers who are head of a branch and who is doing hard worker even under acute manpower shortage. In banks manpower is adequately provided only to flatterers even if he has caused banks crores of rupees. Until RBI or CBI catch hold of corrupt executives and punish the evil performers and at the same time award those officers who have been whimsically kept away from promotions and unless good officers are given respectable posting and promotions one cannot imagine of any rise in intrinsic value of any bank

On the contrary PSU banks are facing erosion in intrinsic value due to dirty implementation of apparently good HRD policies. In the name of Interview any employee can be deprived of and denied of promotion. Power makes executive corrupt if the decisions made by them are not transparent and subject to review. Root cause of persistence and promotion of such corrupt officers is due to the bitter fact that even courts fail to provide justice in decades together and this is why management bosses indulge in whimsical promotions, arbitrary transfers and postings.

I request bank officers to send their personal experience and story of corrupt officers to me at dkjain49709@rediffmail.com so that such illustration may be incorporated in PIL to be filed in the court. These information will be helpful in seeking information from bank under Right to Information Act to expose the true colour of officers who have been holding top posts in the bank and who have been getting continuous shelter from Banking division, RBI and Ministry of Finance. The aggrieved officer may also send the real story about them, how they have been cheated by their bosses, how they have been denied promotion and how they have been given always critical posting. After all how long you will bear with injustice in fear of repercussion from higher authorities. One has to come out of imaginary fear and expose the true picture of bad officers. How long meritorious and talented officer will face humiliation and posting against their dignity.

I will come with name of AGM,DGM ,GM,CM and BM and tell the officer community and Government of India how reign of injustice prevails in the banking industry. I need your cooperation in making a strong case against some of CMDs who are recognized as star performers but under the shelter of such CMDs ,their left and right hand officers who themselves are facing CBI charge sheets are exploiting power for self interest.



You people have become arrogant with benefits obtained by keeping society in ransom.



It is a matter of great pleasure that Madras High court has granted interim stay on the clause authorizing banks to deduct 2.8 times of November revised salary from the arrear of PF optees who are likely to opt for second option of Pension, an opportunity granted under 9th Bipartite Settlement signed between IBA and leaders of unions of various banks. I congratulate officers of Canara Bank unit who initiated the legal battle against discriminatory settlement signed by union leaders in banks and I take this opportunity to condemn IBA team under the leadership of Mr. M V Nair who left no stone unturned to divide the officer’s fraternity by introducing various discriminatory and unconstitutional clauses in the said settlement.


It is open secret that bank management is made of flatterers and yes-men who are least bothered of ethics or constitutional values or even the quality of assets of banks. They are least bothered of genuine grievance of loyal and devoted workers who think, act and even dream for the benefit of banks they are associated with. It is banks where even posting and promotions are effected not based on merit but on the strength of  an officer in yesmanism and his  ability to flatter his bosses and capability in earning illegal money and sharing with the same with the bosses.


In such position officers annoyed with discriminatory elements of the said settlement have got a great relief after the stay granted by Madras High Court .I hope even now our Finance Minister and Prime Minister will understand the facts related to agreement mentioned above and perpetual  reign of injustice prevailing in banking industry particularly PSU banks. I hope Government of India will act against dirty elements in Banking industry and especially in IBA and get rid of them before it is too late.


I would like to add here that if justice is not delayed in courts and good advocates become available at reasonable cost in all towns and cities I think thousands of cases will be filed against reign of injustice perpetuated by bank management.


I am ready to extend my whole hearted support to all those who have initiated legal battle against the bank and who have contributed directly or indirectly in the fight to get justice. I pray judges to quicken the process at their best so that bank management may not take advantage of judicial delay in carrying out their whimsical decisions based on vested self interest.


If finally high court scraps the clause of discriminatory recovery from PF optees the signatories of the said settlement should own responsibility and resign on moral ground. When a mistake is committed by a staff in a branch of a bank, the branch head of that branch is held responsible and punished suitably by higher management of the bank. Then why not top officials who signed the said 9th Bipartite Settlement which is found to be illegal, unconstitutional (violation of fundamental right of equality before law enshrined in the Constitution) should be punished suitably by Ministry and Government of India. The higher officials must have vision and future repercussion of illegal and discriminatory clause of the agreement they sign.


I congratulate organizers of website Allbankingsolution.com who have been extending  their best cooperation in serving the cause of bank employees in general and PF optees in particular who have been given discriminatory treatment by signatories of the said 9th Bipartite settlement for bank employees in April 2010.




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