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| JCCB staff to go on indefinite strike, 3 GMs too aim gun against Chairman | | Increments, DA elude staff, illegal appointments, scandals mar JCCB | |
SUMIT SHARMA
Jammu Oct 23: While the Jammu and Central Cooperative Bank (JCCB) is dragging its feet for getting its license renewed from Reserve Bank of India (RBI), the nodal banking agency, the employees of Jammu Central Cooperative Bank have decided to go on indefinite strike after three of their office bearers raised demand of increments and DA were transferred by Chairman Mohinder Singh with immediate effect.
The dark clouds are looming over the chair of chairman as at one hand the employees have decided to go on indefinite strike in support of their demands of increments and DA on the other hand the three General Managers of Bank namely Abdul Qayoom (Advs), RL Choudhary (Admn/CEO) and Ganesh Chandel Sharma (I&V/BP&D) alleging they are devoid of any executive powers as the same are with Chairman thus have decided to aim their guns towards the present chairmanship. They alleged they had no free hand command at administrative machinery effectively while centralized power has caused total chaos in the institution which is already passing through financial crises.
Earlier during the discussion held with representatives of the Employees Bodies of Officers and workmen, the three GMs were seen powerless and dependent due to centralized powers. And hence their letter copy of each is submitted to Commissioner cum Secretary to Government Cooperative Department Civil Secretariat, Registrar Cooperative Societies, J&K, they said, “ The administrative machinery is not effective in control and command of the branches, that there are huge loan and advances which have huge NPA (Non Performing Assets) due to lack of proper recovery process, that deployment of staff is not as per requirement. The letter further said: “the Chartered Accountants of the bank too have raised number of queries but the guilty staff has not been booked and no administrative action has been initiated.”
Here it needs to mention, the Early Times had already mentioned the sick financial condition of the said bank in its earlier reports and had also indicated that the ‘license as a financial institution’ is under question as it has expired on Sept 30.
Early times reports also had mentioned that the bank management had stopped increments, Dearness Allowances and other benefits since March to its employees to bridge the gap between bank’s losses which it suffered in the shape of alleged illegal appointments, attachments and scandal besides ignoring of RBI guidelines.
In Box
Reason behind financial position of bank
>>If the bank sources are to be believed, Minister Cooperative In charge Dr Manohar Lal, Chairman of the bank Mohinder Singh and Arun Bakshi who managed two extensions as MD of the bank and then OSD to Chairman is responsible for deterioration of the bank.
The said Trio even has managed an interim orders from the High Court after State Accountability Commission (SAC) initiated proceedings against them. As per record in possession of Early Times, Minister Manohar Lal ordered inquiry just ‘an eye wash’ after a complaint having no 24195,24225 and 27318 received from Chief Minister’s grievance cell regarding illegal appointments made by the Chairman Mohinder Singh and then MD Arun Bakshi JCCB. As per Govt order No 30/Coop of 2012 an inquiry committee headed by Special Secretary to Government ,Coop Department was set up against the allegations against the Chairman and then MD Arun Bakshi against the illegal appointments for the post of Cashier-cum Clerk in the year 2009-2012 and financial irregularities in the said bank , but ironically till date no outcome was made.
Meanwhile the RBI in its order No 11034 (33)/07.06.000/2011-12 dated 9May 2012 clearly indicated that no further extension of time to be granted to the Coop Bank Anantnag, if the bank is not ensured drawing up of the Monitorable, Action Plan (MAP) before Sept 30. The same is reportedly is applicable to JCCB but till date nothing is done to manage it affairs. However to handle the ailing health of the two Cooperative banks, the Chief Minister had announced loan worth crores for JCCB as well as Anantnag Coop Bank, giving a temporary relief to present Chairman of JCCB. Meanwhile the banking experts observed the said amnesty from CM further has put the future financial situation of the banks at stake as ultimately the loans have to be repaid (which perhaps would become impossible for already facing financial crises JCCB).
At the same time RBI issued directions under section 35A of the Banking Regulation Act, 1949 to ensure stability of the financial system within bank and to protect the interest of the depositors of bank and in public interest.
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