Implementation of 10th Bipartite in Madhya Bihar Gramin Bank!

கிராம வங்கிகளுக்கு 10 வது இருதரப்பு ஒப்பந்தப்படி, வணிக வங்கிக்கு இணையான ஊதிய உயர்வுக்கானஅரசாணை 31.7.2015 அன்று வெளியானது.

Govt Order for wage revision for RRBs as per 10th Bipartite settlement

10 வது இருதரப்பு ஒப்பந்தப்படி,  கிராம வங்கி ஊழியர்களுக்கும், அலுவலர்களுக்கும் ஊதிய உயர்வை அமல்படுத்த. மத்திய அரசாணை இன்று வெளியாகி விட்டது.

Meeting of RRB Chairmen with Finance Minister on 17.1.2013

Today, meeting of RRB chairmen with finance minister held from 3 pm to 5 pm. The main issues discussed and decisions taken in the meeting are as under:

There will be 52 RRB as against 46 RRB proposed earlier after amalgamation is completed.

RRBs shall have minimum 200 branches. Otherwise such RRBs having less than 200 branches will be amalgamated.

RRBs should open the branches in aggressive way.  Branches opened shall not be a show piece.

 RRBs shall take the programme of Financial inclusion in all seriousness. Officer has to visit USB every day, where there is need, there must be one permanent  officer for USB.

Embargo on Recruitment with drawn.  Per employee profit of Rs 5 lakhs is just an advise  be a to RRB and it will not benchmark for recritement. RRB s can assess their requirement depending on the need /figures for retirement and on approval from sponsor Bank can go  for recruitment.

Increase  of national average of CD Ratio from 62% to 70% .

Sponsor Bank shall keep close watch on progress of RRBs sponsored by them under all parameters.

 RRBs should not feel inferior to any other banks in the industry RRBs shall focus on SME sector more aggressively in addition to Agriculture sector Recovery mechanism in RRBs should be strengthened.

Level of NPA shall be brought down.

Sponsor bank shall take the responsibility of training the RRB staff. Any training institute run by sponsor Bank must reserve 10% seat of each training programme for RRB staff. NABARD may finance training institute run by RRB in case of training institutes run by RRBs

RRBs shall focus on Consortium financing. MOU targets must be achieved.

Technological up-gradation fund from NABARD/Sponsor Bank.

RRB Employees PENSION SCHEME : HIGH LIGHTS

Pension Scheme becomes true to RRB Employees and officers now. These are the highlights of pension scheme almost finalised by Govt. of India. Very soon, it will be announced to us. Com.D.K.Mukherjee, AIRRBEA, Secretary General, who is getting treatment in NIMHANS HOSPITAL, Bangalore released this glad news to all of us. Let us wish him to get well soon!

AIRRBEA ZINDABAD !
___________________________________________

• The Scheme is in lieu of Employees Pension Scheme, 1995 and Employees PF & Miscellaneous Provisions (Amendments) Act, 1996

• The Regulations framed under the Pension Scheme shall be known as RRB (Staff) Pension Regulation, 2012

• The Scheme shall be optional.  Staff / families of the deseased employees not opting for the scheme shall continue to be covered under existing schemes

• Having regard to the date of implementation of NIT Award giving parity to staff of RRB with that of employees in comparable grade in nationalised banks w.e.f. 1.9.1987, all those employees who were in service of RRB as on 1.9.1987 and joined thereafter shall be covered under the scheme.                                                            

• Staff who retired or died after 1.9.1987, shall be entitled for Pension / Family Pension  as the case may be, under the scheme.

• Pension shall be payable from 1.4.2012                                              

• Staff who were in service as on 31.3.2012 opting for the scheme, will require to refund  bank's contribution to PF as on that date.                                                                                                                                                              

• Bank's PF contribution shall have to be refunded with interest by those staff  who have already retired prior to1.4.2012 to be eligible under the Scheme.

• Bank's PF contribution shall have to refunded with interest by the family of the staff  who died after retirement or in service to be eligible for family Pension.

• There will be three classes of Pension viz. Superannuation Pension, Invalid Pension and Compulsory Retirement Pension.

1. Superannuation Pension shall be granted to the staff  who has retired on his / her attaining the age of superannuation specified in the Service Regulations.
2.  Invalid Pension may be granted to staff who has rendered 10 years of service and retired from the service of the bank after 1.4.2012 on account of any bodily or mental infirmity which permanently incapacitates him/her from the service.
3. Compulsory Retirement Pension may be granted to staff retired from service as a penalty on or after 1.4.2012 in terms of Service Regulations.  Such Pension may be granted by an authority higher than the authority competent to impose such penalty.

• In respect of a staff retiring in accordance with the Provisions of Service Regulation completing a qualifying Service of not less than 33 years, the amount of basic pension shall be calculated at 50% of the average emoluments.

• Additional Pension shall be fifty percent of the average amount of the allowances drawn by staff during the last 10 months of his service but  no dearness relief shall be payable on additional pension.

• Pension computed as aggregate of Basic pension and Additional Pension shall be subject to the minimum pension specified in the Regulations.

• In the case of staff retiring before completing the specified qualifying service of 33 years but after completing 10 years of service, the amount of Pension shall be proportionate to the amount of pension admissible under basic pension and additional pension and in no case shall be less than the amount of minimum pension.

• Dearness relief shall be granted on Basic pension, Family Pension, Invalid Pension and  on Compulsory Retirement Pension in accordance with rates prescribed in the Regulations.

• Dearness relief shall be allowed on full basic pension even after commutation.                             

• The family of the staff who retired and died or who died in service after completion of minimum 1 year of continuous service (for death before completion of 1 year continuous service, separate stipulations have been laid down) shall be eligible for family pension and the amount of which shall be determined in accordance with the stipulations in the Regulations.

• The period for which Family pension is payable to eligible family members shall be as prescribed in the Regulations.

• Staff who is entitled for a Superannuation pension, Invalid Pension or Compulsory Retirement Pension shall be entitled to commute for a lump sum payment of a fraction not exceeding one third of his basic pension.  The family of such staff  who were in service in a specified period and had died after retirement but before notified date, will be entitled to commute for Lump sum payment a fraction not exceeding one third of Pension amount admissible to the employee.

• The lump sum payable to an applicant-employee shall be calculated in accordance with the criteria laid down in the Regulations.

• Staff who had commuted the admissible portion of pension, is entitled to have commuted portion of Pension restored after the expiry of a period of fifteen years from the date of commutation.

• Other general conditions as regard continuance of Pension etc. are subject to compliance of various provisions in the Service Regulations so far as good conduct, conviction by Court etc. are concerned

• To facilitate Payment of Pension / Family Pension each RRB needs to constitute a fund called RRB (Staff) Pension Fund under an Irrevocable Trust                                                                                                                                                    

                    

• .An employee who has rendered a minimum of ten years of service in the Bank on the date of his retirement shall qualify for pension. 

• Resignation or dismissal or removal or termination of an employee from the service of the Bank shall entail for forfeiture of his entire past service and c service of a Bank employee entails forfeiture of his past service. 

• Superannuation pension shall be granted to an employee who has retired on his attaining the age of Superannuation specified in the Service Regulations. 

• On or after the 1st day of April, 2012, at any time after an employee has completed twenty years of qualifying service he may, by giving notice of not less than three months in writing to the appointing authority retire from service. 

• An employee compulsorily retired from service as a penalty on or after 1st day of April, 2012 in terms of RRB  (Employees) Service Regulations, 2010 or awards/settlements may be granted by the authority higher than the authority competent to impose such penalty, pension at a rate not less than two-thirds and not more than full pension admissible to him on the date of his compulsory retirement if otherwise he was entitled to such pension on superannuation on that date.” 

• Payment of pension or family pension in respect of employees who retired or died between 1.9.1987 to 1.4.2012. 

• Employees who have retired from the service of the Bank between the 1st day of September, 1987 and the 31st day of March, 2012 shall be eligible for                                   pension with effect from the 1st day of April, 2012. 

• An employee shall be entitled to commute for a lump sum payment of a fraction not exceeding one-third of his pension:

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Attack on Gramin Bank Staff! Let us protest!!

Comrades,

Today (26.7.2012) morning, Branch manager and clerk of Lapra branch of Jharkhand Gramin Bank were beaten by Bank robbers and branch manager has sustained injuries.

Attacks on Bank staff in the state of Jharkhand are becoming routine news. In the last few months, there were many instances came to light. Gramin Banks which are located in rural areas are the main targets to these dacoits and the Gramin bank staff who are serving for the rural mass are the ultimate victims. If this is the trend, the safety to the lives of Gramin bank staff will be in danger. This will affect their service and banking operations in rural area. It should be checked, controlled and stopped immediately.

So, Let us all raise our voices in one tone and make protest.

So, Sign this petition online

Dangerous decisions of GOI against RRB system

Meeting of selected RRB chairmen was held on 02.07.2012, under the chairmanship of Sri.D.K.Mittal Secretary, Department of financial services to review the financial performance of RRBs. The minutes of the meeting is indicating clearly the  deceptive and dangerous decisions of the govt.of India.

We reproduce the minutes here:

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MOST IMMEDIATE

F. No. 7/8/2011- RRB

Government of India

Ministry of Finance

Department of Financial Services

New Delhi dated the 5th July, 2012

Subject: Minutes of the meeting held on 2.7.2012 under the Chairmanship of Secretary (Financial  Services) to review the financial performance of Regional Rural Banks (RRBs)

Sir/Madam,

Please find enclosed copy of the Minutes of the captioned meeting for information and necessary
action.

Yours faithfully,

(Suresh C.Arya)
Senior Research Office


Minutes of the meeting held on 2.7.2012 under the chairmanship of Secretary (Financial Services) to review the financial performance of Regional Rural Banks (RRBs)

A meeting was held under the Chairmanship of Secretary (FS) on 2nd July, 2012 with Chairmen of RRBs sponsored by Andhra Bank, Allahabad Bank, Bank of Maharashtra, Dena Bank, Indian Bank, Indian Overseas Bank and Union Bank of India. The Executive Directors of NABARD, Andhra Bank, Allahabad Bank, Bank of Maharashtra, Dena Bank, Indian Bank, Indian Overseas Bank and Union Bank of India also participated in the meeting. List of participants is annexed.

2.The agenda of the Meeting was as under:

Analysis of RRBs in terms of CD Ratio, Gross/Net NPA%, Net Worth, Productivity (business perbranch and per employee), Profitability (Net Profit/Loss per employee), Return on Asset(ROA), Cost to Income Ratio (excluding interest paid), Cost of Funds & Recovery percentage

Branch expansion plan of RRBs in 2011-12 and 2012-13 and staff to be commensurate with the business plan so that expansion does not result in increase in number of loss making branches;

Plan of Action for e-governance, HR Issues and Business Process Reengineering (BPR);

Introduction of system generated NPAs in RRBs by March, 2012;

Seamless Integration of sponsor banks and RRBs(CBS, cheques/drafts, ATM services, BSc, HR practices, training and capacity building of RRB staff, RRB employees on deputation to sponsor banks)

Status of usage of alternative channels of payment system/NEFT/RTGS in RRBs;

3. The discussions were focused on the following parameters:

(I) HR issues:

After detailed deliberations, the following was reiterated on the HR issues:

(i) The sponsor banks should depute AGM and Chief Manager level officers from specialized cadres like Risk Management, IT, HR, Legal, Industrial Finance and Treasury Operations, etc to develop expertise within RRBs staff in these areas. Specific officers should also be identified in Sponsor Banks with whom RRBs can discuss on above subjects and take necessary guidance.

(ii) At the time of deputation of staff to RRBs, quality of the staff should be ensured by the sponsor banks.

(iii) Only willing staff of RRBs should be deployed in Sponsor Bank to have better exposure to modern banking and functioning of their Sponsor Bank. If RRB staff is not willing for deputation at distant branches of Sponsor Bank, they may be deployed in nearby branches of sponsor bank. Youngsters may be motivated to go on deputation considering their easy flexibility to move and the long term relationship they are likely to have with the RRBs.

(iv) The process of deputation, if not completed till now, be done by 15th July, 2012.

(v) (a) RRBs staff should be provided training on regular basis and sponsor banks should reserve at least 10% seats in their training centers for RRB staff. Specific programmes for RRB staff should also be organized.

(b) Special attention should be given towards development of behavioral skill and expertise in the
areas like Risk Management, IT, HR, Industrial Finance and Treasury Operations, etc within RRBs staff.

(c) Considering that RRBs have recently migrated to CBS, their staff needs to be provided intensive training on use of CBS and generation of MIS.

(d) Training programmes could also be organized by the RRBs (having their own training centers) with faculties being provided from the training centers of the sponsor banks. Training programmes could also be conducted through Video Conferencing.

(vi) In order to reduce the potential of frauds, biometric password devices should be installed in RRBs, as is being done in Public Sector Banks. The sponsor banks should take into account the requirement of their RRBs also while making arrangement for installing the system in their bank.

(vii) While considering the requirement of additional staff, RRBs should take into account productivity norms and need of redeployment. Any RRB which has per employee net profit less than 5 lakh must not recruit more than one-fortieth of present strength in any year.

(viii) The issue regarding delegation of powers of appointing authority for the RRB may be examined and a proposal may be put up. Similarly, in case review in promotion criteria is required the proposal may be put up.

(ix) With the introduction of technology such as ATMs, RRBs will require lesser staff strength. Therefore, RRBs should assess staff requirement carefully. It should be need based and value based and there should not be indiscriminate recruitment.

(x) Thorat Committee recommendations are separately being reviewed. in view of technological advancement and CBS, the norms prescribed by the Committee are no longer relevant. Sponsor Banks also need to have a fresh look at succession plan prepared by the RRBs.

(xi) Eligibility criteria for promotion with regard to length of service should be changed as applicable in Nationalized Banks. RRB Section, DFS will initiate necessary proposal in this regard.

(II) IT related issues:

With a view to augment the use of modern technologies and minimize overhead expenditure in RRBs, the following was advised:

(a) The latest version of CBS and all CBS modules should be made available to RRBs. The sponsor bank should take up 1 or 2 RRBs for implementing full e-governance.package on a pilot basis and after successful rollout of the pilot; it should be implemented in all RRBs in a time bound manner and be completed in six months.

(b) The data centers should be managed by the sponsor banks. No staff from RRBs should be posted at data centers. The IT consultant/service providers should provide requisite manpower at the data center/RRBs.

(c) ‘Ultra Small Branches’ (USB) should be opened wherever opening of a regular brick and mortar branch is not considered viable. The USB could be converted to regular branch once the business reaches the desired level.

(d) ‘Ultra Small Branches’ should be opened in all FI villages. VPN connectivity to the CBS should be provided by the sponsor bank. Performance of USBs is to be monitored through CASA deposits, loan accounts and improvement in recovery.

(e) There should be accelerated rollout of ATMs by RRBs as RFPs for all clusters have been finalized. It should be the endeavor of all RRBs to have a ATM/Cash Dispenser at all the branches so that the load on the branch staff gets reduced and the customers have the convenience of anytime withdrawal. The vendor selected may also be impressed upon to install SNA.

Efforts should be made to issue Rupay debit card to all customers. Sponsor banks will issue these cards with logo of RRBs.

Further, all customers having a current account be encouraged to use NEFT and each branch should have customer campaign workshops to educate and advise them to use e-payment structures.

This may be done at least once a month and Branches dealing with 70 to 80% business is monitored closely.

(f) Use of “Citrix” software may be examined to increase the speed of connectivity for CBS system.

(III) Operational issues

The targets assigned to RRBs under per employee profit, CD Ratio, gross NPA, non-interest
income and loss assets were discussed with each RRB. The following was observed in this regard:

(i) All the RRBs and sponsor bank assured that the year-wise targets will be achieved within the given timeline.

(ii) Chairmen of RRBs were advised that the targets should be discussed with staff and officers of the bank so that there is full commitment to achieve these targets.

(iii) The RRBs with comparatively poor performance under per employee net profit, CD ratio and Gross NPA, were advised to work hard to achieve the given targets. The EDs of Sponsor Banks were advised to pay special attention towards the performance of RRBs under the said parameters and to ensure that the given targets are met.

(iv) To improve the CD Ratio, investment credit should be encouraged in RRBs. Sponsor banks should put in place proper guidelines for RRBs in this regard. Same investment policy should be adopted by RRBs and sponsor banks. Joint lending by sponsor banks and RRBs with RRBs share at about 20 to 25% should be undertaken for loans upto Rs. 10 crore sanctioned in their operational area.

(v) Policy for Gold/Silver loans may be evolved in RRBs keeping in view the prudential policy of sponsor banks. Branches having appropriate security and infrastructure should be identified and customers from other branches can be guided to these branches for such loans. Loans for 2 wheelers and 4 wheelers should also be given to improve CD ratio.

(vi) RRBs should also promote SHGs to improve CD ratio as well as safe lending in comparison to other sectors.

(vii) ED, NABARD informed that guidelines for linking limit of refinance with CD Ratio have been issued.

(viii) RRBs should ensure that no branch remains loss making after 12 months of operation. Loss making branches should be shifted/replaced with an ultra small branch or should turn around. New branch must become profitable within one year of operation. It was also advised that Branch Manager be posted 6 months in advance to enable him to take all preparatory steps for business development so that the branch becomes profitable within one year of operation.

(ix) RRBs should increase non-interest income to enhance their profits.

(x) Treasury operations of RRBs should be handled by the sponsor banks. However, one officer of RRB be trained to work with the sponsor bank treasury management team.

(xi) ‘No-frill’ accounts should be converted to full fledged accounts in a year subject to fulfillment of KYC requirements.

(xii) Cases of frauds perpetuated by the staff must be dealt with promptly and exemplary punishment given. The recovery of amounts should be the first priority.

(xiii) Overall ambience of RRBs needs to be improved. RRBs have been advised that at least 10% of the branches should be taken up every year for improving their overall ambience in terms of upkeep, cleanliness, customers’ convenience, greenery, etc. This may be done by adopting simple low cost methods. Look and feel of branches must improve and be brought at par with private banks.

xiv) To reduce NPAs, regular follow up of loans, particularly the small loans is necessary  because the massive portion of NPAs is of the smaller loans.

(xv) The Chairmen of RRBs shall personally be responsible for performance of the RRBs.

(xvi) Campaign on opening an account of each family in all villages, KYC and CBS updation may be monitored closely.

(IV) Operational Integration with sponsor banks:

With a view to ensuring seamless banking transactions between sponsor bank and their RRBs,
banking operations of RRBs is to be functionally integrated with their sponsor banks. The following was reiterated in this regard:-

A. The RRBs should have a campaign explaining the benefit of NEFT facility to their customers.

B. Cheques/demand drafts issued by RRBs should be treated at par with that of their sponsor banks and clearance charges should be levied at par with those for sponsor bank’s customers.

C. ATM services provided by the Sponsor Banks and/or RRBs should be treated as of the same
bank. No charges should be levied on RRB for using the services at such ATMs by its customers.

D. Role of Local Head Offices be clearly mentioned by a circular to avoid gaps and overlaps.

E. Customers may be guided for e-payment.

4. The RRBs are to be treated at par with commercial banks by State Governments for all programmes.

The sponsor bank will take up the matter with the concerned State Governments. Department of
Financial Services has already written to State Governments and various Ministries of Govt. of India in this regard. Chairmen of RRBs were also requested to inform about the names of specific organizations which are insisting on keeping deposits only with Nationalized Banks so that the matter can be taken up with them.

5. On a request from RRBs, it was decided that the issue of branch opening at the same place by both Sponsor Bank & RRB at district HQ may be decided by the banks in mutual consultation with each other. However, for places other than the District HQs, the existing guidelines of DFS will continue.

6. The meeting ended with vote of thanks to the Chair.

Annex

List of Participants

Meeting held on 2.7.2012 under the Chairmanship of Secretary (Financial Services) to discuss the financial performance of Regional Rural Banks (RRBs) sponsored by Central Bank of India, Bank of Baroda, Corporation Bank and Vijaya Bank.

Department of Financial Services:

1. Shri D.K. Mittal, Secretary (FS)- in Chair
2. Shri Sunil Soni, AS(FS)
3. Shri Umesh Kumar, Joint Secretary (BA)
4. Shri Sandeep Kumar, Director (FI/RRB).
5. Shri Anil Kumar Sharma, SO(RRB)

NABARD and Sponsor Banks

1) Shri S.K. Mitra, ED, NABARD.
2).Dr. Kummur, CGM, NABARD
3) Shri K.K. Misra, ED, Andhra Bank
4) Shri T.R. Chawla, ED, Allahabad Bank
5) Shri C.V.R. Rajendran, ED, Banak of Maharashtra
6) Shri Ashok Dutt, ED, Dena Bank
7) Shri Rajeev Rishi, ED, Indian Bank
8) Shri A.D.M. Chavali, ED, Indian Overseas Bank
9) Shri S.S. Mundra, ED, Union Bank of India

Regional Rural Banks

1. Shri S. Gaur Chairman, Allahabad UP Gramin Bank
2. Shri M. Gopala Krishna, Chairman, Chaitanya Godavari Grameena Bank
3. Shri S.P. Kohli, Chairman, Durg Rajnandgaon Gramin Bank
4. Shri G.K. Paneri, Chairman, Dena Gujarat Gramin Bank
5. Shri S.N. Tripathy, Chairman, Kashi Gomti Samyut Gramin Bank
6. Shri Philip D’Silva,Chairman, Maharashtra Gramin Bank
7. Shri D.K. Nanda,Chairman, Neelachal Gramya Bank
8. Shri M. Xavier Thilagaraj, Chairman, Pandyan Grama Bank
9. Shri D. Devaraj, Chairman, Puduvai Bharthiar Grama Bank
10. Shri G. Rangarajan, Chairman, Pallavan Grama Bank
11. Shri PVSTR Seshagiri Rao, Chairman, Rushikulya Gramya Bank,
12. Shri S.K. Sinha, Chairman, Rewa Sidhi Gramin Bank
13. Shri K.S. Sudhakara Rao, Chairman, Saptagiri Grameena Bank
14. Shri J.K. Swain, Chairman, Sharda Gramin Bank

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AIRRBEA has reviewed the minutes of the meeting and reacted immediately on some key issues. Com.D.K.Mukherjee, Secretary general, AIRRBEA circulates with the following message:

 "AIRRBEA will fight against all such anti-employee and anti-RRB actions and decision of GOI."

IBPS Regional Rural Bank Common Written Exam for Recruitment 2012

Regional Rural Banks (RRBs) are nationalised by birth. As on date, there are 82 RRBs all over india. In Tamilnadu there are two RRBs. One is Pandyan Gama Bank, having its headquarters at Virudhunagar. Another one is Pallavan Grama Bank, having its headquarters at Salem. Apart from these two, there is one RRB in Puduvai, namely Puduvai Bharathiyar Grama Bank and it  is having its headquarters at Pondicherry. Since Government of India is planning to amalgamate the RRBs within a state, there may be one RRB in  each state in the future. 


The Salary structure in RRBs is same as in all Public sector Banks. It will be revised as per Bi-bipartite settlements in the banking industry. In the light of fast branch expansion and technology up-gradation, promotion opportunities in RRBs will be very bright and quick.


Institute of Banking personnel selection is going to conduct another CWE written examination. Recently IBPS has been issued notification for Indian citizen candidate’s recruitment of group ‘A’ Officers (Scale – I, II, III) and group-‘B’-Office Assistants (Multipurpose) posts vacancies in 82 regional rural banks. All eligible and interested candidates may apply online from 01^st June 2012 to 25^th June 2012 at IBPS online website www.ibps.in for IBPS Regional Rural Bank Exam 2012.

Name of the Organization	Institute of Banking personnel selection (IBPS)
Post	Officers & office assistant
Number of vacancies	Not mentioned
Educational Qualification	Graduate
Age Limit	18-28 years.
Selection Process	Written test
Last Date for application receiving	25.06.2012

IBPS Regional Rural Bank Exam 2012 Details:-

Positions Names:-

1. Officers (Scale – I, II, III).

2. Office assistant (multipurpose).

Educational Qualification - Candidates must have degree from a recognized university in any relevant discipline.

Age Limitation: –

Officer Scale (III) – below 40 years.

Officer scale (II) – 21 to 32 years.

Officer scale (I) - Candidates age must be same as or above 18 years and below or equal 28 years.

Office Assistant – 18 to 28 years.

Upper age limit would be determined as per government rules.

Selection Procedure & Score card - Candidates selection will be based on written exam performance and successful candidates will be offered a valid score card that was valid for one year. Candidates use this score card for officers (scale – I, II, III) and office assistant post vacancies recruitment in India’s 82 regional rural banks.

Application fee details:-

Officers – Rs. 50 for SC/ST and Rs. 450 for all other category candidates.

Office Assistant – Rs. 50/- For (SC-ST-PWD-EXSM) and Rs. 350/- for all other category candidates.

  

Important Dates:-

Online registration starting date – 01.06.2012

Online registration closing date – 25.06.2012

Application fee payment dates – 01.06.2012 to 25.06.2012 for online fee payment and 04.06.2012 to 30.06.2012 offline.

Written exam date for officers posts – 02^nd September 2012

Written exam date for office assistant posts – 09^th September 2012

How to apply – All eligible and interested candidates may apply online through IBPS online website www.ibps.in on or before 25^th June 2012 any other mode of application would not be accepted.

Salary Structure: The salary and allowances in Regional Rural Banks are the same as in all Public Sector Banks. 

For details, visit here: Staff benefits

• The complete details can be viewed or downloaded from here.
• Read How to apply for officer cadre
• Read How to apply for Office Assistants cadre
• Clear your Doubts to apply for officer cadre
• Clear your doubts to apply for Ofice Assistant cadre
• To apply online from 01.06.2012, visit IBPS website.

All the best!

கிராம வங்கி முதலீடுகள் மாற்றமா?

கிராம வங்கிகளின் முதலீட்டாளர்களாக மத்திய அரசும், மாநில அரசும், ஸ்பான்ஸர் வங்கிகளும் இருந்து வருகின்றன. இதில் அரசு 50 சதவீதமும், ஸ்பான்ஸர் வங்கிகள் 35 சதவீதமும், மாநில அரசு 15 சதவீதமும் பங்குதாரர்களாக இருக்கின்றனர். கிராம வங்கிகளில் மறுமுதலீடு (Recapitalisation) செய்ய சில மாநில அரசுகள் தயக்கம் காட்டுவதால், மத்திய அரசு இந்த முதலீடுகள் குறித்து மறுபரிசீலனை செய்து வருவதாகத் தெரிகிறது.

சென்ற வருடங்களில் கிராம வங்கிகளில் மறுமுதலீட்டிற்காக மத்திய அரசு 2200 கோடி ஒதுக்கியுள்ளது. சில மாநில அரசுகள் தங்களுக்குரிய பங்கினைச் செலுத்த முன் வராததால், முழுமையாக மறுமுதலீடு செய்வதில் தடங்கல்கள் ஏற்பட்டுள்ளன.

மேலும், மத்திய அரசு மாநில அளவில் கிராம வங்கிகளை ஒன்றிணைக்கும் (amalgamation) ஏற்பாடுகளில் ஈடுபட்டு வருகிறது. இதனால் கிராம வங்கிகள், மிகப் பெரிய வங்கிகளாக உருவாகும் நிலை ஏற்பட்டுள்ளது. இவற்றிற்கு அதிகமாக முதலீடு செய்ய வேண்டியிருக்கும் எனவும் சில மாநில அரசுகள் யோசிப்பதாகவும் சொல்லப்படுகிறது.

இந்த நிலையில், கிராம வங்கிகளில் முதலீட்டாளர்கள் குறித்து மத்திய அரசு மறுபரிசீலனை செய்து வருவதாகவும், அதற்காக RRB ACT-இல் திருத்தம் கொண்டு வர இருப்பதாகவும் தெரிகிறது. இதன் மூலம் கிராம வங்கிகளை தனியார் மயமாக்கும் முயற்சிகளை மறைமுகமாக அரசு செய்கிறது என சந்தேகங்களும் எழுந்துள்ளன.

இதுகுறித்து வந்த பத்திரிகை செய்தி:
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Government plans flexible equity norms for RRBs

All stakeholders are required to infuse capital into regional rural banks, but some states have not been doing so

Remya Nair

New Delhi: The finance ministry is considering a flexible equity structure for regional rural banks (RRBs) by amending the RRB Act in an effort to ensure their recapitalization.


Under the current laws governing RRBs, the Union government has a 50% stake, the sponsor bank 35%, and the remaining 15% is held by the state government, and capital has to be infused in the same proportion by all three stakeholders.
The Centre’s recapitalization plan for these banks has hit a roadblock, with some of the states refusing to contribute their share of the money.
“We are working on the draft of the amendment. The current equity holding rules are very rigid. There needs to be some amount of flexibility in the equity holding of RRBs,” said a finance ministry official, requesting anonymity. “States do not put in capital, the whole capitalization of RRBs gets blocked as we insist that all three stakeholders should put in capital together.”

A committee constituted under the chairmanship of Reserve Bank of India (RBI) deputy governor K.C. Chakrabarty had recommended in May 2010 that the capital to risk-weighted assets ratio (CRAR) for RRBs be increased to 9% by 31 March 2012. Most RRBs that require capital infusion have a CRAR of around 7% currently.

The cabinet had approved a Rs. 2,200 crore recapitalization plan for 40 RRBs in February. But due to the reluctance of some state governments to contribute, the Union government has so far been able to top up the capital of only 13 RRBs.

The government has also initiated the process of merging smaller RRBs with larger ones. “We are trying to merge RRBs with a network of less than 100 branches with larger RRBs situated in the same state. Post the consolidation process, there may be around 50 RRBs,” said the official cited above.

Recapitlization of RRBs is important as they give loans mostly to small and marginal farmers, agricultural labourers and rural artisans operating in a few districts in a state and aid in the priority-sector lending efforts of sponsor banks. But a negative net worth due to the lack of recapitalization had impacted the lending capacity of these entities.

Currently there are 82 RRBs in India with 16,000 branches, constituting more than half the network of commercial banks in rural districts.

These banks together account for about 80% of the credit to the priority sectors, according to government estimates.

“Though there was some initial reluctance on the part of the state governments to release capital, it is not the case now. But with the central government coming up a with an amalgamation plan, bigger RRBs will be created having larger capital requirements,” said a senior official with the National Bank for Agriculture and Rural Development. He declined to be identified.

“State governments may be reluctant in the future to put in such a large amount. It makes sense to foresee the problem beforehand and take corrective steps,” he said.

The government, however, is yet to decide whether another entity besides the state and Union governments, and the sponsor banks will be allowed to acquire stakes in the RRBs. “It has not yet been decided if the state government will have to sell its stake to the existing stake holders only,” said another finance ministry official, also requesting anonymity.

“We have not heard anything from the government on this. But it could solve problem of recapitalization of RRBs as it would lessen dependence on states,” said the chairman and managing director of a public sector bank.