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Should We Mourn
Only Death of Chief Manager of PNB Who Died During Manager's
Meeting or Should We Also Mourn For Officer Community Who
Is Physically Alive But Daily Die Mentally and Spiritually
By
Danendra Jain is <dkjain49709@gmail.com>
This refers to Story of one CM who died during meeting with his bosses. This person (CM) has physically collapsed but lacs of officers are already leading life as if they are dead or they die every day, they have lost their self esteem, they remain in stress all the time, they are victim of several critical diseases, they know and they are constrained only to speak sir, yes sir ,ji sir, ha sir, sir sir, yes sir yes sir -----.
Boss says ""go to moon by scooti". Yes sir
I have one bicycle with me I will tomorrow go to moon by it, no
problem sir. Boss says, NPA should not rise, ;;;;;;;yes sir it will
not rise, customer repay or not, NPA will not rise, --------. Boss
says deposit should rise by 40% at least, ----------------yes sir I
will increase the same by 60%................Boss says, stop sun
rising tomorrow”-----, yes sir I will stop sun rising by hook or by
crook. Boss says auditors should not write any adverse remarks
in audit report-----yes sir I will manage auditors too, boss says he
will visit the branch --------------o.k. sir one five star hotel is
booked, ten best car will await you on airport to receive you and
hundreds of flower bouquets will welcome you...........WWW will be
made available , no need to worry about performance, bosses have to
preach sermon , everyone has to say yes , not to raise any eye brow
or any question even if there is no staff or required infra
structure to support the branch head in achievement of the goal or
the mission preached by the boss.
Thousands of officers in banks are
forced to face the music of their bosses. Suspended officer or
dismissed officer are happier than those officers who have been
posted in critical places, who are humiliated in meetings, who are
forced to work under the leadership of juniors and who are to work
all seven days and fifteen hours a day in bank at the cost of their
family life, their social life and their own physical and mental
health. It is pity that they are not in a position even
to lodge their protest because some of their colleagues who pretend
to be their friends and who have got before time promotion by dint
of flattery and bribery stop them doing so. Union Leaders and top
executive are two sides of same coin.
I am unable to understand the s
use of their salary or salary hike or hike in some allowances.
Officers who love money and materialistic world die every moment and
specially those who are seniors. Junior officers have at
least option to resign from bank and go for other job opportunities.
Officers who have devoted their one or two or even three decades in
bank do not have courage to speak truth in fear of transfer or in
fear of added humiliation. In brief they are not interested to open
Pandora’s Box in their already stressed, painful and pitiable life.
Most of the officers become happy
even on petty rise in their allowances. They cannot visualize their
dark future when banks will not be in a position even to pay their
normal salary and accumulated Provident Fund or Pension under the
pressure of bad debts and when government will tell the bank to
revise pay only when their profitability is above certain
unachievable benchmark set by Government of India.
As such we are not to mourn death
of chief manager who died during business plan meeting in a bank but
to mourn for officer community who appear to be physically alive but
actually whose position is worse than a dead person. Physical
death occurs once in life but mental and spiritual death officers
community face everyday in public sector banks. More or less, same
is the position of top ranked officer when they face ministers and
politicians of the country. In brief officers in bank is a dead
community protected by Leaders of Officers Associations who are
Awtars of i.e. incarnation of Yamdoot .
Tragedies of the banks are that
Management of risk is on the
shoulders of those who do not know even ABC of practical banking.
Credit rating agencies like CRISIL, ICRA, FITCH etc are charging
exorbitant fees because they know the intention of bankers and
businessmen who are forced to opt for external rating.
Department of Human resource
management is manned by who do not have any idea of managing people
and who do not how to encourage work culture. Transfer and
promotions take place not as per inherent quality and experience of
the person but based on flattery and bribery. Even recruitments are
taking place in higher scales from campus where sons and daughters
of executives are admitted. Experience of existing staff is no more
important in banking. Good looking faces and ornamental MBA degrees
are preferred and practical knowledge of existing staff is of
significance.
Faculty members in training
centers are such who possesses degree but do not have quality to
teach. In schools and colleges teaching aptitude is given preference
in selection of teachers, but in departmental internal training
power point presentation is resorted to impart training.
Credit officers do not understand
the pros and cons of financials of any borrower or prospective
borrower. Financials of businessmen are given more value than
the creditworthiness of the person who are promoters of the
business.
Officers who do not know much
about lending and even common rules of banking and who do not have
the art of reading the credit worthiness of a customer are made
Branch Head and officers who do not have capacity to lead a group of
workers are made Regional Head.
Important Notice :
[The articles written by authors contains
only the academic view of the writer and purely for discussions and
updation of the knowledge of the bankers. The views
expressed in the articles may not at all be subscribed by the
organisation where the author is working and / or AllBankingSolutions.com]
Inspite of all these yesmanism, situation is going from bad to
worse. Socalled Star performing banks and so called star
performing bank officials are getting all credit for manipulated
improvement in data game but the underlying truth is getting exposed
gradually.
It is fortunate or unfortunate that media people or investors in
general or SEBI officials or CBI people do not understand the
intricacies of NPA and they are bound to believe what appears in
published balance sheet. Officials in MOF or in RBI do not have much
time to spare to look into reality or do not have much courage to
accept bitter truth underlying apparent health of bank or they are
unwilling to accept the truth in their mutual interest.
Books are audited by incapable auditors, unwilled auditors and
greedy Chartered accountants. In India where Chartered Accountants
prepare balance sheet of a business not based on real performance in
business but based on the need of finance proposed by businessmen,
lending decisions are taken by bankers based on rosy balance sheets
prepared by such greedy and corrupt CAs.
Banks appoint vigilance officers who are themselves of corrupt
background and who get money even in closure of reports against
erring officials.
Empanelled Valuers are those who value a property not as per market
trend but based on fee they are paid. Advocates are those who can
give positive legal opinion in respect of even disputed or
non-existent land if they are paid fee as per their whims and
fancies.
Rating agencies rate a bank based on financials shown by bankers and
not in a position to understand what is hidden behind the mechanized
system .Bankers believe on rating done by greedy officials of rating
agencies.
And so on ………………………….