FROM THE EDITOR�S DESK

Comrades,

At the outset, I, on behalf of the SBIOA, North East Circle, extend our heartfelt greetings for the

New Year 2017 to all of you and your families. Comrades, 2016 has come and gone leaving us

with a few of unresolved challenges that we will continue to address in this New Year. The issues

of the payment of North East Allowance and the acute shortage of officers in our circle are amongst

some of the major unresolved challenges that we must continue to fight for. I also take this

opportunity to congratulate each one of you for your relentless efforts post the demonetization

move announced by our Prime Minister.

As we are aware that the Bankers are at the forefront, across the zero line, yet again. It almost

transpires that we Bankers, especially State Bankers, have developed a propensity for finding

ourselves at the leading end of so many emergencies and exigencies related to banking and allied

activities.

After the frenzied opening of accounts under PMJDY, under which we opened approximately

39.77 lac PMJDY accounts in the Circle, we Bankers were immediately given the task of marketing

and propagating the Pradhan Mantri Social Security Schemes, viz. PMJJBY, PMSBY and APY.

Here too, like in PMJDY, State Bank of India, by virtue of its sheer size and reach, took the lead

role and since inception, 3.78 lac PBJJBY and 8.36 lac PMSBY were marketed by our branches in

the Circle, upto 30th November, 2016. Our employees shouldered the responsibility given to us

by the Government of India with grace, diligence and excellence.

Apart from discharging duties towards the Bank's day to day functioning, our colleagues are on

a daily basis engaged in achieving budgeted targets for traditional business of deposits and

advances, NPA recovery etc. within strict deadlines. Today's banker is also expected to garner

astronomical amounts of business in myriad cross selling products of Life Insurance, General

Insurance and Mutual Funds, marketing of technology driven products like GCC, GRC, Buddy,

POS, etc. Besides, they also additionally have to discharge the responsibility of marketing Mudra

Loans, marketing and accounting of Government Social Security Schemes, ensuring Financial

Inclusion, holding regular Financial Literacy Camps, ensure banking coverage of Tea Garden

labourers, identifying petrol pumps and kirana shops for kiosk banking. In fact, the list of things

a banker is expected to do (all in the same breath and with the same efficiency and speed and

under equal relentless pressure) is perhaps endless.

However, off late, with the announcement of demonetization on 8th November, 2016, banks have

seen a situation, hitherto unprecedented and unforeseen. Demonetization, merits and demerits

of which is not the intention of this editorial, has really tested, and continues to do so, the legendary

resilience and tenacity of the Indian Banker like you and me. Ever since the announcement on that

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eventful night of November, 2016, things have changed at a fast and furious pace, with multiple

ramifications on us Bankers.

All of a sudden, our already crowded branches became a bee hive of activity, with thousands of

shell shocked and panicked people thronging the premises /ATMs. An everyday affair like a

Rs.500.00 or a Rs. 1000.00 note, with which Indians were so familiar, dependent upon and

comfortable with, was suddenly declared taboo. The only place, among the few notified places

where this taboo could be legally rinsed off, was a Bank Branch. And they came�����..they

came in their thousands upon thousands of Bank Branches, and given the already referred to

spread and reach of SBI Branches, no other Bank bore the brunt of this sudden onslaught of the

public as much as SBI. Our employees, most of who could well foresee what was coming for them

immediately after the 8th November announcement, were somewhat mentally and physically

prepared to face the situation. However, no degree of preparedness could perhaps equip them to

deal with the immensity and hyper dynamics of the turbulent slip stream of the announcement of

demonetization.

I do not wish to elaborate on the immediate aftermath of 8/11 that our colleagues have faced

because every reader of this editorial has taken the hit first hand, and need not solicit my

elaboration. My colleagues have put in tireless hours of strenuous and perilous work, even on

holidays, to ensure that the responsibility they were so suddenly saddled with is executed to the

best. Sacrifices had to be made of course, but who can condone the human toll that devolved

while handling the post demonetization crisis? It is imperative upon my part to add that in the

wake of demonetization related pressure, stress, exhaustion etc. we have lost some precious lives

of employees, across the nation, which is deeply condoled by each one of us. Besides, many of

our colleagues, in some parts of the Circle, had to face hostile crowds, often at the peril of life and

limb.

Comrades, my pen quivers with emotion and pride as I write this. There are no words in my

vocabulary commensurate enough to describe the ordeals that you have gone through, all at the

beck and call of duty. I salute each and every duty bound banker for having proved beyond any

iota of doubt that we are made of a different metal. Our banker colleagues have once again stood

up that old adage, "when the going gets tough, the tough gets going" which still holds true, and

will perennially continue to do so.

Yours comradely

(Rupam Roy)General Secretary

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Banks as Victims

C.P. Chandrasekhar

In the outcry against the disastrous demonetisation experiment of the Modi government one

aspect that has not been given adequate attention is the damage it has done to the reputation and

the balance sheets of the banks. Customers queueing before bank doors and ATMs seem on occasion

more forgiving of the government than of the harassed bank employees, who are forced to ration

out currency and offer those customers they can accommodate, less than even the maximum

withdrawal permitted by the government and the RBI. When new notes are discovered in

inexplicable sums in the hands of rogue operators, it is the bank officers and employees who are

looked at with scepticism though they are not the only ones who figure in the long chain from the

mints through the currency chests to the bank branches and the final holders of currency.

This damage to the reputation of institutions and individuals, which and who have been victims

of the engineered cash shortage, is likely to be aggravated by the adverse effects the

demonetisation may have for the already damaged profit and loss accounts and balance sheets of

the banks. The end - June edition of the Reserve Bank of India�s (RBI�s) biannual Financial Stability

Report, had reported that the gross nonperforming assets (GNPAs) of the scheduled commercial

banks (SCBs) had risen sharply from 5.1 per cent of gross advances at the end of Mar - 2015 to 7.6

per cent at the end of March, 2016. Both the level and rapid growth of the volume of bad assets

gave cause for concern. According to answers given to two questions in the Lok Sabha in August,

while the total gross non-performing assets GNPAs of public sector banks stood at Rs. 4,768

billion at the end of March, 2016, the non-performing assets that were reported by them in the

second half of financial year 2015-16 alone amounted to Rs. 2,770 billion.This rapid rise was partly

the result of an asset quality review mandated by the previous RBI Governor, Raghuram Rajan,

which resulted in a recategorisation of a chunk of �restructured standard assets� as NPAs in the

books of the banks. Restructured assets are those in whose case default had been postponed by

adopting measures such as lowered interest rates and easier terms of repayment. But figures

reported by Reuters indicate that stressed assets (or the sum of restructured and bad assets) on

the books of the banks had risen from Rs. 8060 billion at the end of December, 2015 to Rs. 9220

billion at the end of June, 2016. So loans that were bad or near-bad are on the rise.

It is in this background that another consequence of demonetisation for Indian banking must be

assessed. This follows from the sharp increase in deposits of the demonetised notes with the

banking system On November 28, 2016, the Reserve Bank of India in a press release declared that

up to November 27, 2016, demonetised notes worth Rs. 8.45 lakh core had been returned to the

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banking system. Since then the estimate has been revised to Rs. 11.55 lakh crore, as reported in the

Press Conference presenting the Fifth Bi-monthly Monetary Policy Statement 2016-17 held on

December 7, 2016. Only a small proportion of this is being withdrawn from the banking system

given the ceiling on withdrawals and the shortage of new notes. As of December 10th while banks

had received Rs. 12.44 lakh crore in deposits of the demonetised Rs. 500 and Rs. 1000 notes, they

had issued only 4.61 lakh crore of the new notes. That was a net accretion of Rs. 7.83 crore in terms

of deposits of the old notes that had not been neutralised with issue of new notes. This implies

that there is a substantial increase in the deposits held by banks in the short run.

For the banks, the receipt of these deposits is a burden, since they had to pay depositors interest

on their deposits which could not be withdrawn at the pace they were being generated because of

the ceilings on cash withdrawals. On the other hand, lending or investing against these deposits

to earn interest that can cover the cost of deposits was problematic because much of the money

would be withdrawn as ceilings on withdrawals are relaxed. Moreover, such lending against

large deposits received over a short period of time can not only be risky for a banking system

already overburdened with stressed assets but extremely difficult to implement.

Combine all of this with the fact that just handling the absorption of demonetised notes and the

distribution of new ones is keeping bank employees and officers overworked, and the result has

been a sharp decline in credit growth. According to figures from the Reserve Bank of India, as

compared to an average increase in credit of Rs. 30-35,000 crore during the November 11 to

November 25 period in the previous two years, the corresponding fortnight in 2016 (which followed

demonetisation) saw credit provision falling by Rs. 65,000 crore. If lending shrinks while deposits

rise, banks would not be able to recoup the costs of deposits from the returns from lending.

One option was for the banks to park this money in interest earning instruments with the RBI. But

this transfer of the interest burden from the banks to the central bank would have adversely affected

the operating surpluses of the latter. To prevent this leading to a peculiar situation where the RBI

may incur losses, the central bank chose initially to foreclose this option by declaring a 100 per

cent incremental cash reserve ratio for the banks. That is, all new deposits coming into the banking

system had to be held ether as cash or as non-interest bearing deposits with the central banks. So

long as that situation prevailed banks would be incurring losses because they were paying interest

on deposits that they could not lend or invest.

Since this absurd situation created by demonetisation could not last, the RBI and the government

have chosen to offer an out for the banks and the central bank in the form of an enhanced Market

Stabilisation Scheme (MSS). Under the scheme the RBI has been allowed as of December 2 to issue

as much as Rs. 6 lakh crore worth of government securities which can be sold to the banks. As and

when these securities are sold by the RBI and are held by the banks, the government has to pay

interest on these bills. As the deposits are withdrawn from the banking system, easing the burden

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on the banks, the RBI can reduce the volume of these bills in circulation and reduce the interest

bill payable by the central government. Meanwhile, by investing in those securities the banks can

earn an interest that can cover the cost of incremental deposits held. By the 10th of December the

RBI had exhausted much of this leeway it had got from the Rs. 6 lakh crore ceiling it was subject

to on the bonds it can issue under the MSS.

It is true that due to this roundabout scheme under which the government is likely to have to

shoulder an additional interest burden in excess of Rs. 9,000 crore this financial year, the losses

incurred by the banking system would fall. But losses there will be, the full dimensions of which

will only be known as banks begin to release their accounts for the quarter in which the period of

implementation of the demonetisation exercise falls. But whatever those losses are, they will

damage the profitability of banks and provide another reason why their image would be sullied

for no fault of theirs.

Given the nature of the current dispensation in government and the RBI it is likely that this damage

to the image of banks inflicted by the government would provide grounds for the government to

argue that public sector banks must bring in private capital through equity issue to strengthen

their damaged balanced sheets and image. That is, both wittingly and unwittingly the government

is providing and will provide reasons why the government share in equity of the public sector

banks should be brought below 50 per cent, i.e., why they should be privatised.

That devious argument would only be strengthened by the fact that the economic contraction that

the demonetisation is resulting in would reduce government revenues, while schemes such as

the MSS necessitated by demonetisation would increase the outgo because of interest payments

in the government budget. Since these would raise the fiscal deficit of the government in this and

the coming year, it would claim that it does not have the money to recapitalise the banks so as to

restore their capital base after they have provided for their enhanced losses post - demonetisation.

Privatisation as a route to recapitalisation and meeting the Basel III capital adequacy norms would,

therefore, be advocated.

If this line of reasoning does materialise in practice, employees and officers in the banks would

face one more challenge�the restructuring of jobs that private owners would demand to reduce

(personnel) costs to restore profitability. And since patriotism and commitment to the nation

requires everyone to go digital, a case can be made that bits, phones and electronic gadgets can

replace human beings to conduct the banking business. This is in keeping with the evidence that

while demonetisation does little to curb black money or counterfeiting, it hits the working people

who have been called upon to make sacrifices and endure hardships for the greater good of the

�nation�, which in this case seems to be the rich earning profits through fraudulent means.

* This article was originally published in the People�s Democracy on December 18, 2016. qqqqqqqqqqqqqqq

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A deluge of dilemma

By Com. Sanjib Sen

The process for the 11th bipartite settlement has been set rolling with preparation of charter of

demands by the confederation. It is expected that we will be able to bargain a decent hike this

time with a smooth completion of the process and it would be without any strike action and

thereby defying all the precedence of earlier wage negotiations depicting endless struggles to

move even an inch ahead on the negotiation table. Let us hope this negotiation process will wipe

out the confusion that has surfaced in the minds across ranks and files about the motif of the

Government and the bargaining skills of the Unions. In the last bipartite alone there had been at

least six days strike and resultant forfeiture of salary even though, it took long 27 months to move

from 5% to 15% with lot many unfulfilled demands that are still hovering under sheer uncertainty.

It might end up as an irony when our members are overenthusiastic with their performances in

the ongoing demonetization process and are expecting a stupendous rise in their pay scale in

recognition of their hard work, the story encrypted in the history definitely is promising to be a

altogether antagonistic scenario and is wanting in terms of matching the hype that has been created

out of great expectations.

History, as it repeats itself shall not be in good taste to draw unpalatable illustrations to justify

expectations as regards to a smooth sailing of the 11th bipartite settlement and here it is imperative

that a line is drawn in terms of last few bipartite settlements in order to acclimatize ourselves to

what might be in store for us in the ensuing 11th bipartite settlement which is in offing. To get back

to the enthusiasm that has been surfaced due to some very significant words of cradle showered

on Bankers by the Prime Minister for their valiant action during the ongoing Demonetization and

joined the chorus by the Finance Minister, it is expected that a poor Banker will look forward to

encash the good deeds done in bailing out the country from a crisis owing to demonetization,

even though chronology of events surfaced during the previous bipartite settlements do not stand

for a very promising outcome. As a matter of fact, whatsoever might be the reason, right from the

1st Bipartite Settlement there has been a considerable delay in wage negotiation and no agreement

could ever be signed without any longdrawn agitations, struggle and sacrifices.

To get back to the history, the first bipartite settlement was due on 01.01.1966 and the agreement

arrived at, on 01.10.1966, the second one again registered 9 months delay, the third one which was

due on 01.01.1970 was signed on 01.08.1979, the fourth bipartite settlement registered a delay of

24 months and passed through a turbulent and struggling passage, the fifth bipartite settlement

was due on 01.09.1982 and actually settled on 17.09.1984 and all the subsequent settlements could

be achieved only after a lapse of more than 2 years and after a series of meetings, struggles and

strike actions only.

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To flashback with the 8th bipartite negotiations the IBA in a very clandestine way started with the

ploy of creating division amongst different Banks vis a vis its Employees. On the one hand the

State Bankers began to contemplate owing to some perception built in the minds of members

both by Management as well as the IBA and got to believe that Bank wise settlement would earn

greater benefit for them than the Industry level settlement, on account of they being the employees

of a strong Bank. On the other hand the weaker Banks were lured with the illusion of drawing

parity with SBI in terms of wages along with second option of pension. Thus the challenges of

remaining united were looming larger than the perceived benefits that were on offer and the

Associations were forced to strike a balance in between.

During the 9th bipartite settlement, the IBA played with second option of pension. As some of the

Banks were not getting pension, it appeared to be an opportunity for them to opt for the same in

order to secure a better future. When the Bankers were counting their pension benefits the IBA on

the other hand from a distance was enjoying the fruit of divide and rule policy and was counting

the minimum wage hike that can be offered leveraging the potential division that might surface

in between other Banks and the SBI. So our representatives in the confederation had to agree with

lower hike just to keep the house intact.

The struggle that we all have undergone during the 10th bipartite is still fresh in our minds and

the 11th bipartite may also follow the same course or may be the worst than ever. It might sound

pessimistic, but the chronology of events surely stands against any significant pay hike on offer

and already a confusion with only 7 banks extending mandate to IBA for wage negotiation till

now is prominently signifying some Banks apathy for going ahead with Industry level settlement

and such indifferences might prove out to be a deadlock for the Associations and a deterent to go

for an all out attack and the dilemma might cause a significant casualty in terms of a decent pay

hike.

The govt. after showering few words of appreciation for the Bank employees for their valiant

deeds during the ongoing demonetization episode. The media and a few political leaders have

started shifting the burden of failure to the same set of Bank employees. During the process for

almost last two months the Banks are not being able to concentrate on other core and non core

businesses, no advances taking place, Banks are not being able to put concerted efforts on NPA

management but busy focusing on receipt and payment only. This will surely upsurge the NPA

figure and will attract huge amount of provisioning. Unrestricted and sudden inflow of funds in

the Bank accounts will again attract huge interest burden for the Bank and as the fund deployment

is constricted , it will surely have a telling effect on Banks profitability with reduced CD ratio. The

Govt. on the other hand is sure to once again go back to Bank's balance sheet to justify how

worthless the employees of Nationalised Banks are while drawing a comparison in terms of

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Business per employee /Profit per employee, NPA, etc. with their Private Sector counterpart to

give a logical paint to their otherwise clandestine effort to deny the dues to the Officers /Employees

of the Nationalised Banks.

The after effect of such a fiasco would be a total paradox for the Bank. The gap in pay and perks

with our Central govt. counterpart would be further widened. The Banking job as has already

lost its charm will not be able to attract qualified and talented workforce. The attrition level will

further go up. Staff strength would be further reduced to maintain profitability. Recruitment as is

not in commensuration with the normal retirement itself, the staff position will further deteriorate

and with new challenges surfacing every day, the situation will turn precarious. Quality of services

will be a far cry, customer dissatisfaction will scale a new height, working condition will further

deteriorate. In short the so long one of the major contributor in Nation building, the milching cow

would be given a bad name to justify its slaughter.

It is beyond ones understanding though as to why such kind of apathy towards the Nationalised

Banks! Times and again we have proved our skills and exhibited our zeal for working in the

National cause. We have a history behind, in the process of nation building. Only in the recent

past we have made the Jan "Dhan yojona" a grand success and contributed more than 90% in

terms of numbers of accounts opened. We have proved our conviction once again while extending

a valiant effort to ensure that the Demonetisation be a success. As such it is expected that our

efforts would be duly reciprocated with a deserving pay hike understanding the importance of a

motivated workforce that is indispensable for implementation of any govt. schemes. We the

employees of Nationalised Banks have proved times and again that we are second to none in

taking up challenges, we are second to none in mass banking, we, times and again have proved

that we are always responsive and loyal towards National cause whenever given an opportunity.

However, it seems we are being used, abused and then very comfortably being ignored when it

comes to justify our legitimates.

As such it will be prudent on our part to try not to fall prey to false praises / promises, neither it

would be wise to venture for a separatist approach but have to understand the game plan behind

such apathy being shown towards Bank employees. As to borrow from Noam Chomsky, "That's

the standard technique of Privatisation : defund, make sure things don't work, people get angry,

you hand it over to private capital". The situation being so grim, it is imperative that we should

lace up our shoes for a strong resistance to blunt any such attempt towards destabilization either

on the part of IBA or the Govt. to leap forward with any such agenda and ensure our perpetuity,

banking purely on our organizational strength; as we have to understand that when united, we

achieve and when not, we end up begging for our legitimates. qqqqqqqqqqqqqqq

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AISBOF UPDATES

ENHANCEMENT OF GRATUITY

Our Federation has written to the Prime Minister for his immediate attention to the issue of

enhancement of ceiling on Gratuity from Rs. 10 Lac to Rs. 20 Lac as provided to the Central

Government employees since 1.1.2016 which is pending for a long time. The Federation stated

that considering the yeomen services rendered by the entire workforce in the banking industry

during implementation of Demonetization Scheme, the Government should arrange for clearance

of the proposal through issuance of an ordinance at an early date. AISBOF has also taken up the

issue with the Labour Minister, the Finance Minister.

APPOINTMENT OF OFFICER DIRECTOR ON THE CENTRAL BOARD OF THE BANK

The position of the Officer Director on the Central Board of State Bank of India is vacant since a

long time. Our Officer Director on the Central Board of the Bank retired from the Bank on

superannuation in November, 2015. The Federation submitted a panel to the Bank for the purpose

of appointment of the Officer Director on the Board which was forwarded to the Ministry of Finance

for consideration. However, the appointment is still pending which results in non-participation

in the functioning of the Board of the Bank as a part of the participative management scheme. The

Federation has now written to the Hon'ble Prime Minister of India on the captioned subject for his

intervention in the matter so that the appointment of the Officer Director on the Central Board of

State Bank of India takes place at an early date.

WORKING ON SUNDAYS AND HOLIDAYS

The Federation has written to the Chief General Manager (HR) about the issue of frequently calling

the officers on Sundays and holidays. AISBOF reiterated the hurting of the Officers' sentiments by

forcing them to attend office on the festival days depriving their personal and social lives. It has

been emphasized on that the issue of not calling officers to work on holidays should be conveyed

to the circles for strict compliance. It has been insisted on that in case of exigencies when officers

are called to work on holidays, they have to be compensated adequately and uniformly in all the

circles with more than a day's wages (as they forego a holiday) and also be given a compensatory off.

ACUTE MANPOWER SHORTAGE

The Federation has written to the Chairman to immediately initiate the steps to address the serious

issue of acute manpower shortage in the Bank. It has been pointed out that the retired officers are

being used for inspection, recovery, investigation, KYC verification and other related job which

bears the testimony that there is a shortage of serving officers. Moreover, a large number of

retirement every month has added to the woes which results in unbearable pressure on the existing

officers of the Bank. qqqqqqqqqqqqqqq

CIRCLE BULLETIN

lllll The Central Committee Members of the SBIOA, NE Circle, joined by the Regional Secretary of

Guwahati (Urban), paid a visit to some of the branches under Bongaigaon RBO on 22nd and 23rd

of December, 2016 to take stock of the plight of the members during the cash crunch situation

prevailing at the branches post demonetization. Meetings were held at Dhubri Main Branch

and RBO Bongaigaon and the members present in the meeting detailed the office bearers about

the various problems they had to face mainly owing to the cash shortage and the pressure from

the RBO for business generation. The General Secretary and the President also talked in detail

with the Assistant General Manager of the RBO. The visit was well hosted by the Regional

Secretary of Bongaigaon. The visit provided the office bearers a better understanding of the

branch officials' problems and the members were also boosted to see the office bearers at their

premises.

lllll Comrades, as you are aware that some angry customers vandalised a few of our branches in

Manipur in the last week of November, 2016 after the bank refused to allow people to withdraw

as per the stipulated limit from their accounts citing cash shortage. Leimakhong in Imphal

West district was the worst hit where account holders damaged windows and injured a staff.

Unfortunately, in the given scenario post demonetisation, RBI was not able to cater to the cash

needs of the banks leading to this sort of untoward incidents. The General secretary and the

DGS (Shillong) immediately visited Imphal and met with the high officials of RBI at Imphal

and discussed the issue of cash crunch in the banks. The General Secretary held a press

conference and urged the public to abstain from resorting to violent activity or causing damage

to bank properties or injury to any of its employees for the reasons beyond their control. He

also cautioned the public at large that if such mindless violence and mob attacks continued,

the bank staff would be constrained to resort to organisational action in the greater interest of

bank officers/employees which might affect normal banking services in the state of Manipur.

lllll The Branch Manager of Bhandari Branch under Mokokchung RBO was assaulted by miscreants,

allegedly representing an outfit, on the night of December 23, 2016. Condemning the incident,

our regional commitee of Mokokchung staged a candlelight demonstration to show solidarity

to the victim Com. Srivastava. The Regional Secretary Com. Imtisanen Ao submitted a

memorandum addressed to Assistant General Manager of the RBO which apart from its demand

on closure of Bhandari branch, had also demanded justice and proper security be ensured to

the bankers. The General Secretary also took up the matter with the General Manager (NW-II)

and issued a letter condemning the incident and demanding for closing down the branch unless

proper security is ensured to the officers.

lllll The Disciplinary Sub-Committee of our Association has been continuously active in attendingproceedings covering throughout the Circle, writing replies to explanations, counseling forthe innocent victims, and ultimately solving cases through continuous follow up andpersuasions.

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lllll The School Sub-Committee is doing marvelous job in sorting out the day to day problems.

There are remarkable developments in terms of infrastructure developments and other school

activities with active participation by the sub-committee. The committee has approved the

appointment of new principal of the school, Mr. David Barman, who took charge from 01.08.2016.

The new Principal Shri David Barman was an athlete, a basketball player, a young man of just

37 years who has the hunger for the development of his own career and the future of the school.

We firmly believe that under the leadership of Mr. Barman, our school will reach newer heights

of success. Further, in order to bring in a greener look, grass carpeting has been done in the

school playground with the installation of sprinklers to get rid of the dust.

lllll The Circle Association has written to the Federation regarding the frequent orders to attend

office on Sundays /holidays and the immense pressure for cross-selling by the Circle

Management. We urged upon the Federation to urgently take up the matter with the Bank's

top management for addressing the issues at an early date. We have been given to understand

that despite our repeated representations many overenthusiastic controllers have forced the

officers to work on festival days and under threat.

lllll The 15 members Board of the State Bank of India Officers' Thrift & Credit Co-operative Society,

Guwahati unanimously elected the new Executive Committee on 07-09-2016. Com. Sanjib Sen

has been elected as the Chairmen of the Society. Com. Suraj Nath and Com. Bhupen Borah

have been elected as the new Secretary and Assistant Secretary respectively.

lllll The fourth Executive Committee and Central Committee Meetings were held on 30-12-2016 at

the Association Office premises. In the Central Committee Meeting, the house decided to

co-opt Com. Partha Pratim Baruah as the new AGS, Guwahati Module and Com. Suraj Nath

to replace Com. Partha Pratim Baruah as the new Assistant Secretary (Finance).

lllll The Central Committee of SBIOA (N.E. Circle) bade farewell to Com. J.D. Goswami on 30-12-

2016 as he retired from the active services of the Bank on 31-12-2016. Amidst a decent gathering,Com. Goswami was given a warm send off. qqqqqqqqqqqqqqq

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APPEAL

The members are requested to contribute with their write up for publication in Unity. The topic may

be related to anything which can benefit our members and helps in the enrichment of our magazine.

Any achievement registered by your children may also be sent for publication in the magazine.

You can send your contribution at basu.sbi86@gmail.com or tanudasgupta2013@gmail.com.

Learning Point

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Retirement from the Bank month of September, 2016

Sl No. Name Office / Branch

1. Shri Bimalendu Bishnu RACPC, Guwahati

2. Shri Sitesh Chandra Das LHO, Guwahati

3. Shri Jayanta Bisak Dispur, Guwahati

4 Shri Diganta Dutta Nalbari

5. Shri Deba Kumar Bhuyan RBO, Bongaigaon

6. Shri Arun Kr. Ghosh New Silchar

7. Shri Brissterwell Marwein Tezpur

8. Shri Mishir Ali Ahmed LHO, Guwahati

9. Shri Prafulla Chandra Boro Nongstoin

Retirement from the Bank month of October, 2016

Sl No. Name Office / Branch

1. Shri Nilkanta Choudhury South Guwahati

2. Shri Samir Kumar Kar RBO, Guwahati (U)

3. Shri Prasanta Sonowal Miao

4. Shri Ranjan Konwar Tinsukia

5. Shri Rupeswar Bhuyan Mangaldai

6. Shri Ashes Kumar Roy LHO, Ghy

7. Shri Meda Prasad Upadhyay LHO, Ghy

8. Shri Chitta Ranjan Kalita LHO, Ghy

9. Shri Bishnu Deb SBLC, Shillong

10. Smt. Ranju Saikia Baruah LCPC, Ghy

11. Shri Debananda Kutum LCPC, Ghy

12. Shri Banti Ram Boro SARB, Ghy

13. Shri Swapan Kumar Bhattacharyya RASMECC, AgartalaRetirement from the Bank month of November, 2016

Sl No. Name Office/ Branch

1. Shri Bappa Bhattacharjee Silchar

2. Shri Ramkrishna Dev RBO-Silchar

3 Shri Amalendu Kar ZO, Guwahati

4. Shri Bir Kachari ZO, Guwahati

5. Shri Pipin Chandra Bordoloi Zoo Road

6. Shri Santi Brata Roy LHO,Guwahati

7. Shri Niresh Kalita LHO, Guwahati

8. Shri Lohit Chandra Nath CPPC, Guwahati

9. Shri Kalyan Kumar Dey Tezu

10. Shri Anil Kumar Boruah Along

11. Smt.Minati Mahanta Nagaon

12. Shri Ananga Bijoy Bhattacharya RASMECC, Agartala

13. Shri Asit Kumar Das TLA House, Tripura

14. Shri Anup Kumar Das RBO, Agartala (R)

15. Shri Bibhuti Ranjan Mandal ZO, Shillong

Sl No. Name Office/ Branch

1. Shri Pradip Kumar Roy New Bongaigaon

2. Shri Balen Chandra Das LCPC, Guwahati

3 Shri Bhakti Dey Tarafder RASMECCC, Silchar

4. Shri Nabin Chandra Pegu Guwahati

5. Shri Bibeka Nanda Bhuyan Kokrajhar

6. Shri Amrit Kumar Hazarika Soneswar

7. Shri Ramani Datta Sarmah SPL CURR ADMN

BR Guwahati

8. Shri Shanti Ranjan Saha Zoo Road

9. Shri Kishore Kr. Chakraborty RBO, Bongaigaon

10. Shri Jatindra Dev Goswami RBO, Guwahati (U)

11. Shri Dulal Sarkar RBO, Silchar

12. Shri Tuhin Kanti Ghosh LHO, Guwahati

13. Shri Pradip Mozumdar Margherita

14. Shri Prabhakar Goswami RBO, Dibrugarh (II)

15. Shri Rudra Kumar Gogoi RASMECCC, Jorhat

16. Shri Robin Gogoi LHO, Guwahati

17. Shri Kishore Kr. Dey LHO, Guwahati

18. Shri Bhabi Ram Rabha CPPC, Guwahati

19. Shri Sita Ram Sharma CPPC, Guwahati

20. Shri Dipankar Chakraborty Dharmanagar

21. Shri Sanjiban Dey Choudhury Santir Bazar ADB

22. Shri Amlan Saha Sonamura

23. Shri Sankar Chakraborty RASMECC, Agartala

24. Shri Paltu Chandra Laskar RBO, Agartala (R)

25. Shri Kabir Chakraborty RBO, Agartala (U)

26. Shri Rigaldo Diengdoh RBO, Shillong (U)

27. Shri Samir Chandra Dey RBO, Tura

28. Shri Parimal Seal Chandmari (Tura)

29. Shri Tushar Kanti Bhattacharjee Williamnagar

30. Shri Ratan Ch. Dey OAD, CC Mumbai

31. Smt. Seba Mitra LHO, Guwahati

Retirement from the Bank month of December, 2016

Sl No. Name Office/ Branch

1. Late Subrata Bhattacharjee Santirbazar

2. Late Shyama Pada Roy Choudhury SBLC, Silchar

3. Late Meghali Devi Rowriah

4. Late Liubrth N. Sangma Chandmari (Tura)

Ex-gratia from the Association month of

September to December, 2016