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At the Branch? Have You Downloaded Our Circle Association’S App SBIOA NEWS BULLETIN May - 2018 DEDICATION OF SBIOA UNITY ENCLAVE BY CHAIRMAN OF SBI The huge housing complex spread over an colour roof and matching decoration set the area of around twenty five acres of land at tone of the meeting. Traditional music by Mambakkam was bustling with proud Nathaswaram and Thavil Vidhwans filled the owners of apartments, enjoying the festive air and created a festive atmosphere. atmosphere on the occasion of its dedication The Chairman along with our Circle Head by our Chairman Shri. Rajnish Kumar on and DMD Shri. B. Ramesh Babu and other 15.05.2018. The whole complex was executives arrived and were welcomed by decorated with Blue and White Baloons and our President Com. R. Balaji. Our General lights and a welcome arch with huge plantain Secretary Com. D.T. Franco and other office trees. The shamiana with its bright orange bearers with garlands woven with Golden Jubilee 1965 - 2015 Golden Jubilee 1965-2015 SBIOA NEWS BULLETIN 2 cardamom which released fragrant smell around. The Chairman planted a 'Canonball Tree' , which is commonly called 'Nagalinga Tree', in the centre park followed by the DMD, our Federation General Secretary Com. Sudarshan and our fraternal organization, AISBISF General Secretary, Com.Sanjay K.Bandlish. The Chairman along with other guests went around the entire complex in battery operated car. Our Project Management Consultant explained the salient features of the complex to the Chairman who appreciated with keen observations. He also made it a point to visit one of the flats and witnessed the special features incorporated in the apartments. He was received with a thunderous applause by all the members assembled in the hall when he entered the pandal along with other guests. The Executive Committee members led by our General Secretary welcomed the guests to the stage. The song in praise of the Tamil Language, “Tamil Thai Vazhthu” brought everyone in the pandal to attention . Com.M.Mohan, Chairman, SBIOA Unity Enclave project welcomed the guests, colleagues and the proud owners of the enclave. He also showered encomiums on each and every one who contributed to the project. His address was interspersed with emotional superlatives as he shouldered the project all through the last four years. The auspicious occasion was marked by the lighting of traditional lamp by the Chairman joined by the dignitaries on the dais. The Chairman then unveiled the Plaque which was cheered by the crowd in the backdrop of Blue and White balloons released by children simultaneously which soared to the heights of the 21 Golden Jubilee 1965-2015 3 SBIOA NEWS BULLETIN towers of the Unity Enclave. Our General Secretary in his brief speech expressed his gratitude to the Chairman of our Bank for accepting our invitation to dedicate the project. He also underlined the importance of unity and praised the contribution of members for raising the project. He felt happy that the great immortal Tamil Poet Bharathi's Dream of kaani Nilam for everyone has become a reality for our members. Our Chairman, drew from his experience as an Officer of the Bank and narrated the ordeals of salaried persons to afford a house in those days. He nonchalantly recollected his experience about purchasing a house which was very difficult and would leave the individual without any savings. He was all praise for the project which incorporated many features and he felt that such an apartment at this cost would not have been possible but for the initiative of the Chennai Circle Association. He also prayed for the health of our members as it is very important to maintain at the time of retirement. He, once again congratulated the members for participating in this dream project. The Creators of the project such as the Architect M/s. Kemphavi Architecture Foundation, the Civil Contractor M/s. Simplex Infrastructure Pvt. Ltd. and the PMC M/s.Sai Consultants Pvt. Ltd. were felicitated on the stage by our General Secretary, our Federation General Secretary and Staff Union's Federation General Secretary. The Guests on the occasion were presented with a memento of Thanjavur Art Plate inscribed with the logo of SBIOA Unity Enclave, by the office bearers of the Association. Shri.N.J.Bose and Shri S.K. Dass, Project Golden Jubilee 1965-2015 SBIOA NEWS BULLETIN 4 Incharge of M/s. Simplex Infrastructure Pvt. Ltd; Shri A.Ravishankar, DGM (Project) and Shri. G. Asokan, Engineer-in- Charge from M/s.Sai Consultants Pvt. Ltd. were honoured by the Housing Committee. The grand gala function came to an end with vote of thanks of the President of SBIOA (CC). The assembly was treated to a sumptuous dinner and were also presented with a sweet packet to mark the occasion. Golden Jubilee 1965-2015 5 SBIOA NEWS BULLETIN Why Public Sector Banks should not be privatised in India: Nobel Laureate Muhammad Yunus says this By: PTI | New Delhi | Published: April 8, 2018 1:49 PM Nobel Peace Prize-winning economist Muhammad Yunus has said that he is not in favour of privatisation of public sector banks (PSBs) as private banks have not shown any 'exceptional performance' in many countries. Several experts, including Chief Economic Advisor Arvind Subramanian and former NitiAayog Vice Chairman Arvind Panagariya, had pitched for privatisation of PSBs after spate of frauds were unearthed in state-owned banks, including over Rs 13,000 crore scam in the Punjab National Bank (PNB). The Bangladesh-based champion of micro-finance Yunus also said that ways have to be found to stop frauds in the banking sector. “Fraud in anything is bad, frauds in banks is more sensitive thing, so we have to find a way to stop it…We have private sector banks in many other countries. Their performance is not something exceptional,” he told PTI in an interview. He was responding to a question on whether after the PNB scandal, does the demand for privatisation of public sector banks by certain quarters merit a view. On the tariff war triggered by imposition of duties on certain products by the US administration, he said that anything which distances one country to another is a negative thing. “We should be working towards creating a common market, rather than building tariffs. This is a negative way of doing things. “The case of Brexit is a negative thing, thats something we should be avoiding, we should be bringing countries together,” Yunus noted. Yunus, who is also the creator of social business, said that he sees no reason for the Grameen Bank to set up operations here as India has several successful micro-credit organisations. “No, we don't want to work outside Bangladesh. But there are lots of micro-finance institutions (MFIs) in India,” he observed. A multi-agency probe is progressing into more than Rs 13,000 crore scam at PNB, involving diamond merchants Nirav Modi and MehulChoksi. The fraud was mainly perpetrated through issuance of fraudulent Letters of Undertaking (LoUs) with the help of PNB officials. A Mumbai branch of PNB had fraudulently issued LoUs for the group of companies belonging to Nirav Modi since March 2011. Yunus and his Grameen Bank were awarded the Nobel Peace Prize for 2006 “for their efforts to create economic and social development from below”. He was in India to participate in an event organised by Indo-French Chamber of Commerce and Industry (IFCCI). Are you receiving the “Daily Thoughts”? If not, please register yourself as a member of [email protected] with any of your e-mail ID other than SBI mail ID. For news & events every day send mail to [email protected] Have you displayed Association posters? Have you displayed circulars in a notice board? Are you sharing our pamphlets and books with customers? Have you displayed “Compendium of Customer Information” at the Branch? Have you downloaded our Circle Association’s App. Golden Jubilee 1965-2015 SBIOA NEWS BULLETIN 6 Empowering women: Gender equality in and via education An African proverb goes: “If you educate a man you educate an individual, but if you educate a woman you educate a family (nation).” Education is a vital tool for bringing about gender parity and simultaneously catalysing national development. A UNICEF panel succinctly sums this up: “That women might have the chance of a healthier and happier life should be reason enough for promoting girls' education. However, there are also important benefits for society as a whole. An educated woman has the skills, information and self- confidence that she needs to be a better parent, worker and citizen.” Women's education is a special priority in India, with our history of gender discrimination, inequality in Traditional gender norms result in girls being kept at education and the workforce, and our current need to home to help with household chores or to look after achieve rapid economic development. younger siblings. Poor facilities, especially the lack of usable toilets, are deterrents to older girls attending It is true there has been a positive trend in female school. Often, concerns for the safety of adolescent student enrolment at primary levels, which currently females travelling long distances to (secondary) stands at 48% girls to 52% boys. Unfortunately, there school increase drop-out rates. Under-age marriage is a very high drop-out rate at the secondary level, at and low aspirations for education for girls are also which point the state does not enforce compulsory contributing factors. education, with a drop-out rate of over 30% for girls, seriously reducing their higher education In recent times, from BetiBachao, BetiPadhao to participation. SukanyaSamriddhiYojana, the government has taken several enabling, affirmative actions. Initiatives like What is even more alarming is that female distribution of bicycles to girls to tackle concerns participation in the labour force has dropped from 34% regarding safety and improvement in infrastructure by in 1999 to a low of 27% in 2015.
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