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Specially for Non Performers

Labour exploitation in Star Performer Banks

Who will monitor NPA? It is better to sell the NPA so that new avenues for lending are opened and new scope for creation of NPA arises. Banks are proud of loading branches with new products without taking proper care of assets what they have and think it wise to allow NPA increasing, selling it to other bank or ARC. or writing off the same Banks in general know how to cook balance sheet and portray good picture before Ministry as Raju of Sayam used to do. None of prominent bankers want to understand and act on reasons of brakeless erosion in quality of bank assets .Everyone want to become star performer by manipulation and through shortcut route as hitherto done. Window dressing in business and exploitation of manpower are two shortcuts to achieve the goal.

Labour exploitation was the mantra of private entrepreneurs before reformation era i.e. before 1991 when the policies of privatization and globalization were adopted by our government. Now even Public Sector Banks are also earning profit by curtailing manpower in many ways. First they do not make fresh recruitment in proportion to expansion of branches carried out by them. Secondly they do not fulfill the vacancies caused by resignation, death, dismissal and retirement. Thirdly they are introducing machine and outsourcing many job which were handled by internal staff in the past.Forthly they have added new business like insurance, demat, mutual fund, portfolio management etc in banks which were not part of banking work in the past. Lastly they do not increase manpower even if there is large scale increase in business of the branch; rather they put pressure on existing manpower in the branch to complete the work by sitting late. If banks start keeping manpower as per need of the branches I apprehend most of the banks will either come to loss or face considerable erosion in their profits. There is none to stop this culture now. There is a proverb, “jab saiyan bhai kotwal to dar kahe ka”

In the past there used to be Labour Departments and Labour Enforcement offices in every district to enforce various labour friendly rules. But now these offices are getting their salary without doing any job. It is ironical that Government of India as a whole is advocating 12 hour work culture and seven days work in banking without satisfactory increase in wages whereas employees of central government are getting higher wage revision and enjoying five day week.

Delhi headed by star performer

Delhi is headed by most able and renowned CM Mrs. Sheila Dikchit. Bridges are collapsing, terrorists are escaping from hospitals. Cricketers are leaving Kotla ground, blue line buses are causing accidents after accidents, low base buses are getting bunt in the first year of purchase automatically and so on. In our India all star performers are found to be involved in some bigger fraud which becomes visible only after causing much delay. Satyam exposure proved that award for best corporate governance was unjustified. Exposure of Rathore in Ruchika suicide case proved that police medals are awarded to one who is expert in flattery and not to one who is performing the best. Indian Bank in the past booked historic loss because it was headed by one of the best CEO. And so on …………………

Bihar on path of development

Bihar renowned for its backwardness has shown unprecedented growth during last five years and it is near to topper Gujarat in growth. On the contrary Maharastra reputed for growth and development has shown decline in annual growth during the same period. At least Mr. Raj Thakre should take a note of it and realise and be cautious in his remarks against North Indians and Biharis that if people from Bihar do not go to Mumbai and get job in Bihar only, fate of Maharastra will be doomed.

Danendra Jain

5th January 2010

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