Indian Overseas Bank

Officers’ Association
(REGD. NO. 321/MDS) (RECOGNISED BY THE MANAGEMENT)
(AFFILIATED TO ALL INDIA BANK OFFICERS’ CONFEDERATION)
Administrative Office : 763, Anna Salai, Chennai - 600 002. General : 044 - 2852 1925, 2852 5214, 2851 7072
President / General Secretary : 2851 4134, Fax : 2852 9515
Email : [email protected] Website : www.ioboa.co.in

CIR. NO.01/19 07th January 2019

Dear Comrades,

Y2K19 - YEAR OF HARVEST

RING OUT THE OLD ! RING IN THE NEW YEAR !!
Alfred Lord Tennyson.....

As the New Year dawns and we step in to the year ahead with hopes and aspirations, it would be
inescapable for us to look into the year that slipped out. A look back of the events that we were part
of bracing the positive outcomes, changing moves incrementally from moment to moment, allowing
for course-correction along the way. As the Officers of eldest member of PCA League among PSBs,
our sweat and toil throughout the year stood amply rewarded by posting the better financials.
The year 2018 proved to be the year of manifold challenges to the Bank officers who were on the
prowl. The year saw the long pending issues on HR front settled satisfactorily and witnessed the
realisation of the dream of Career Progression across all Grades. The pending issues of 2017 Viz.
Spouse Joining Transfers, Compassionate Transfers and Annual Transfer Exercise were also settled to
the maximum satisfaction in Y2K18. The Bank steadfastly adhered to the principles of "People first"
policy and the same ensured good performance of the Bank.
Encouraged by the TEAM-IOB, the Board of the Bank unveiled an ambitious plan of offering
18.24 crore of shares for purchase by the employees. Named, ESPS - 2018 (Employees Stock
Purchase Scheme - 2018), the shares are being offered at a premium but with a discount and the news
has been greeted with enthusiasm by rank and file. Days are not far off when we can proudly proclaim
that not only we owe the Bank but own the Bank.
AIBOC, our paternal Organisation, continued to hold aloft the lofty ideals and had been in the
forefront of the Bank Officers' Trade Union Movement and during the year had been in the vanguard of
many of the struggles. The high point in the struggles had been the withdrawal of the FRDI Bill, the
ill-conceived advertisement of Kalyan Jewellers and obtaining directions through writ petition from
Delhi High Court for nomination of Officer Director in the board of PSBs. The strike call of AIBOC on
21st December 2018 on issues related to salary revision had been a resounding success and
enthusiasm of the Officers of affiliates had been
unprecedented.

Our GS Com. B. Srinivasan demits office:

Com. B. Srinivasan, our General Secretary who had
assumed charge as General Secretary of our Organisation
on 1/9/2015 super-annuated from the service of the Bank
and laid down Office as General Secretary of IOBOA on 31st
December 2018.
We place on record our appreciation for the stellar role
played by Com.B. Srinivasan as our General Secretary from
the time he has taken the baton till his superannuation. A
little master in his own rights he took up the mantle of
responsibility of leading our organization in the most
difficult times. He admirably led our organization from the
front and took upon new challenges with rare gust and
determination and remained a great believer in TEAM
BUILDING. The impact of we being bereft of stalwarts was
managed deftly. Without being unnerved about the fast
emerging situation in our organization he seized upon the
opportunity and delivered his best by reaching out to
generation next in our fraternity. Affectionate as he is
always he galvanized and motivated Gen-Next in our
fraternity to take upon active roles in our organization. He
led the association admirably and took enormous pains to
ensure that it
stayed on
course and never strayed from its committed path of
protecting the hard won rights of our members. The
immaculate planning put in place and made the TEAM -
IOBOA perform at its peak and the 23rd Triennial
Conference became the envy of affiliates and is a tough
bench mark.
We can take pride in the irrefutable fact that during
the tenure of Com. B. Srinivasan it was able to achieve
many a milestone. To name a few, Uninterrupted
promotion process despite PCA, Enhancement &
Improvement in Staff Housing Loan, Staff Vehicle Loan,
DPN Loan / CC Limit, Promotion and Transfer Policy
rewritten with inclusive approach by the bank,
Payment of arrears on enhanced HRA & CCA to members
worked / working in branches as per 2011 Census and
proper interpretation of OSR Sec.20(3) III by ensuring
terminal benefits to members superannuated and
completed departmental enquiry. The icing on the cake
being the successful conduct of the year long
celebrations of our Organisation's Golden Jubilee and
presenting a memento to all members as on the date of
Golden Jubilee year, a first of its kind.
Com. B. Srinivasan is one of the finest and most
cultured leader who earned the most honourable
reputations as a
General Secretary with complete confidence in his own
ability and character.
Com. B. Srinivasan, combined a degree of gentleness,
courtesy and sense of duty which perfectly fitted him in
the envious league of our erstwhile tall leaders and he was
a fascinating type of leader, a pride to IOBOA.
His own ability and sterling character of unwaveringly
service to the
members has inevitably resulted in acquiring distinction,
which made him grew higher and higher in the hierarchy of
IOBOA and AIBOC. In AIBOC too he had his imprints as a
member of Sub-Committee on Salary Revision and played
a key role in the preparation of Charter of Demands.
Empathy and concern was his inherent character. He
never complained of work and others working with him
always found
his willingness a
peculiar convenience to them.
The most lamentable demit of Com. B. Srinivasan is
that he vacates a place in the highest rank of the next
living generations, which will not be easy to fill, but the
lamp of wisdom and stature which he has lit will remain
long to guide the footsteps of many a nomad in search of
the hidden secret of success to the officers’ fraternity.
Kudos to Com. B. Srinivasan who stood like a rock
behind TEAM IOBOA and carried out the task of serving
to members with aplomb. On behalf of every comrade
IOBOA wishes Com. B. Srinivasan a Happy, Healthy &
Peaceful Retired life.
A fitting farewell was organised to Com. B. Srinivasan
on the evening of 29th December 2018 at Chennai. He was
felicitated by Com. Sowmya Dutta, General Secretary -
AIBOC, Com. Devashish Ghosh, President - AIBOC, Com.
S.C. Balaji, General Secretary - AIOBEU & President -
NCBE, Com. Sekaran, Secretary - AIBOC TN State and Com.
SBC. Karunakaran, General Secretary - ARISE. Leaders of
yester years, Executives and Comrades of Chennai and
neighbouring regions turned in large number to felicitate
Com. B. Srinivasan.
The Executive Committee of the Organisation which
met at Chennai on 28th and 29th December 2018, co-
opted Com. T. Murali Soundararajan, President as
General Secretary and Com. Abraham Shaji John,
Senior Vice President as President. To cater to the work
of the Organisation Com. R. Kameswaran, Senior Vice
President was co-opted as Working President. The
Executive Committee Members whole heartedly
thanked Com. Srinivasan for the yeomen services and
leading the
Organisation
from the front at a critical point of time with grit and
determination.
Comrades, as the old adage goes "Faith Moves
Mountain", we appeal to our membership to continue
their support and work wholeheartedly for the Bank which
will bring back the glory and the cherished Turnaround.
As efforts are
never in vain,
our good work will bear fruit shortly and the Year 2019
shall be a Year of Harvest of our Good Work and Great
Involvement.
SEASONAL GREETINGS to You and Your family.
With regards,

Comradely yours,

(ABRAHAM SHAJI JOHN) (T. MURALI SOUNDARARAJAN)

President General Secretary

IOB ZINDABAD ! IOBOA ZINDABAD !! AIBOC ZINDABAD !!!

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