Sachin Dravekar, 17 December 2009,
NAGPUR: Banking services were partially affected on Wednesday
following the strike called by Left-affiliated unions All
India Bank Employees ofAssociation AIBEA and
All India Bank Officers Association (AIBOA).
The union has been protesting against the move to merge State
Bank of Indore with its parent organisation State Bank of India.
Though employees from clerical grade remained absent in large
numbers, as the AIBEA has prominent presence in this cadre,
routine transactions could be carried out partially with
the help of members of other unions. Institutions like Bank
of Baroda and Canara Bank, where AIBEA of AIBOA do not have
a sizeable presence, were seen working. So were the ATMs
of both private and public sector banks including those
affected by the strike.
Interestingly, the Bank of Maharashtra (BoM) kept a window
open to sell tickets for the December 18 one-day international
to be played at Nagpur.
Cheque clearing, which is the first casualty during such an event,
was partially effected during the strike. Out of the 50,000 cheques
on an average daily, 33,196 cheques were presented in the
Reserve Bank of India's (RBI's), national clearing cell on Wednesday. T
he cheques valued at Rs 150 crore in all, as against those
valuing Rs 200 crore being presented on a normal day.
The MICR centre, which assorts the cheques below Rs 1 lakh,
did not function at all. The centre run by Punjab National Bank (PNB),
processes around 50,000 cheques in a day. A trip around the regional
offices of PSU banks showed a skeletal staff manning the workplaces.
"Around 80% of staff is affiliated to the AIBEA, so the work has
almost come to a standstill," said an official at the Bank of India.
Source:pti
Thursday, December 17, 2009
Governors Of RBI- Mr D Subbarao
 | | Duvvuri Subbarao (born 11 August 1949) is a 1972 batch Indian Administrative Service (IAS) officer of Andhra Pradesh cadre. On 5 September 2008, he was appointed the 22nd Governor of Reserve Bank of India (RBI); his term will end in September 2011. Subbarao's hometown is Eluru, a small town near Vijayawada, Andhra Pradesh. He did his schooling from the Sainik School in Korukonda, Andhra Pradesh. He graduated in Physics[B.Sc Hons.] from Indian Institute of Technology Kharagpur (class of 1969) where he was the recipient of Director's Gold Medal. He received a [M.Sc] degree also in Physics from Indian Institute of Technology Kanpur. Subbarao topped the IAS examination in 1972 and was assigned the Andhra Pradesh cadre. He later did a Masters degree (MS) in economics from Ohio State University, United States and was a Humphrey Fellow at Massachusetts Institute of Technology. The years involved in each case are not publicly available at present. He later received a Ph.D. in Economics from Andhra University. The subject of his doctoral thesis at Andhra University is not publicly available at present; nor is the year of award. |
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