Chief Patron: Shri Anil Shastri, Special Invitee, Congress Working Committee (CWC), Patron: UK Mohanty, President: K Malligaraj, Vice President: DK Mazumdar, General Secretary: Dr DS Chauhan, Organising Secretary: BB Ghadage, Treasurer: AKS Chauhan, Zonal Secretaries: VK Pahwa (North), B V Rao (Central), H R Srivatsa (West), TV Narasimha Rao (South), Anand Bajpai (East), J L Samudre (North East), Committee Members: MC Thakkar, MV Jaiprakash, Ms Usha M Ganguli, Shailender Kumar, Amlan Dash, Adviser: Nitin P Nerurkar
Wednesday, 20 August 2014
Monday, 18 August 2014
ALL INDIA NABARD OFFICERS ASSOCIATION (AINBOA) GREETS YOU AND YOUR FAMILY MEMBERS ON THE PIOUS OCCASION OF OUR NATIONS 68TH INDEPENDENCE DAY.
MAY WE DEDICATE OUR EFFORTS AT NABARD AND WHERE EVER WE MAY BE WORKING TO THE SERVICE OF THE NATION AND MAKE BHARAT THE WORLD LEADER?
DR D S CHAUHAN K. MALLIGARAJ
GENERAL SECRETARY PRESIDENT
Friday, 8 August 2014
Wednesday, 6 August 2014
Wednesday, 16 July 2014
The Chief General Manager (HRMD) 14/07/2014
Joint Consultative Committee Meeting on 21/07/2014
Please refer to your letter No. NB.HRMD.PPD/808/U1(JCC)/2014-15 dated 20/06/2014 on the captioned subject. We thank you for convening the meeting. AINBOA shall be represented by Shri K. Malligaraj, President, Shri D.K .Mazumdar, Vice-President, Sri AKS Chauhan, Treasurer, Shri Amlan Dash, EC member and the undersigned. You are requested to advise the concerned ROs/HO departments accordingly.
The proposed Agenda for the meeting is enclosed.
(Dr D S Chauhan)
Friday, 11 July 2014
Congratulations to all of you on our great organisations foundation day.
As NABARD enters 33rd year of its glorious existence on 12/07/2014, we can look with legitimate pride and satisfaction to our meaningful existence and presence as we contribute through our assigned mandate towards the development of the most important and challenging domain of our country i.e. the Rural sector development.
Foundation days are meant to be celebrated, with enthusiasm and vigour and the smile on the faces of each one of us today is a testimony to our joy and happiness, as we bow our heads to almighty, for giving us a chance to serve and be a part of this great organisation.
Foundation days are also meant to look back and introspect and renew our energies, both internal and external and channelize them to chart out a brighter future and to meet and overcome the emerging challenges.
NABARD has been created with a sole objective of ensuring a vibrant and sustainable rural development in the country by ensuring effective credit deployment and its availability, institutional development and policy interventions. A fact that Ground level Credit (GLC) flow from the formal credit deployment channels has increased from a mere Rs. 5000 crore in 1982-83 to Rs.700000 crore in 2013-14 underlines the role and importance of banking sector and NABARD, as an apex DFI, can look back with satisfaction the important role played by it towards this end. As the number of cultivators grew from 9 crore in 1982-83 to approximately 14 crore by the end of FY 2012-13, in addition the millions of landless rural inhabitants to cater to, the challenge of having an effective outreach to bring them under the ambit of formal credit has also been met with a great degree of success by the Indian banking sector. NABARD, with the help of its innovative tools such as KCC, SHG-Bank linkage program and JLG based intervention has contributed immensely in making it possible.
NABARD has also been able to keep pace with ever changing and increasingly demanding requirements of the development sector. As we look back to our journey path, we can fondly and proudly remember some of the milestones which we created, starting from development of Rural Non-Farm (which we today call as Off Farm) to Vikas Volunteer Vahini (VVV) to SHG-Bank Linkage Program to Rural Infrastructure Development Fund (RIDF) to Joint Liability Groups to Producers Organisations to Effective administrators of Government’s credit linked subsidy schemes to taking Cooperatives and RRBs towards Computer based Environment and to developing an Effective Supervisory System of Rural Financial Institutions, to name a few most important ones.
In the process we also embarked upon and created organisational off-shoots in the form of very cost effective but very efficient DDM offices, training institute of excellence like BIRD, well received subsidiaries like NABCONS, ADFC and NABFIN.
All this and more could be achieved only because of the faith reposed in us by our countrymen , support and guidance provided by GoI& our mother institution RBI, ensured participation by the banking industry, effective governance by our top management and sincere, tireless efforts and commitments put forth by our officers and employees. We are sure that this would continue to be with us in future too. We, specially, look towards RBI, with certain legitimate professional and emotional rights, to remain our friend, philosopher and guide and help us build a stronger, vibrant and sustainable NABARD.
Friends, our stakeholders and the country is looking towards us with greater expectations, as is evident from the GoIs current budget document presented in the Lok Sabha yesterday. As we commit ourselves towards meeting these expectations, AINBOA would like to bring forth a few points of concern.
As NABARD’s balance sheet grew from a scratch to upwards of Rs.2.0 lakh crore our capital base grew from Rs.100 crore merely to Rs. 4000 crore. It requires immediate augmentation to atleast Rs 15000 crore.
Based on current projections we estimate our balance sheet in the vicinity of Rs. 3.25 lakh crore by 2018-19 and with constantly decreasing margins and RoR on assets our bottom lines can be adversely impacted. As our Interest Income as % to Average Working Fund (AWF) remains at 6.25 to 6.5 during the last 5 financial years, the Interest Expenditure as % to AWF has increased from 3 to 4 in the same period leading to a reduction of available margin from 3.5 to 2.5 or so. One major reason contributing to increase in Interest expenditure and reduced margin is the fact that our dependence on costlier market borrowings has almost doubled in the last 5-6 years (From Rs. 27779 crore in 2008-09 to Rs 50377 crore in 2012-13) and as such GoI and RBI have to look into the avenues to provide NABARD with cheaper funds as our mandate doesn’t provides us to take only commercially viable decisions. We are sure that our stake holders shall always keep in mind that NABARD has to cater to the opportunity starved weaker segment of the society who require user friendly credit and services.
We take pride in telling that our Per Employee Business grew from Rs.24 crore to Rs 49 crore and the per employee profit from Rs.0.40 crore to Rs.0.60 crore during the period 2008-09 to 2012-13. NABARD’s Establishment Cost as % to Income remains steady at 9 and our Salary & Allowances as % to Income remains steadfast at 65 during the same period and these are comparable to the best in the Industry and outside. These are reflective of our officers and employees efficiency parameters and we are sure that our top management and stake holders are committed to keep the motivational levels of their human capital at a high pedestal by providing them the best in the industry both in financial as also in non-financial terms.
The average age profile of our officers and employees is not commensurate to the young age profile of the country as also the Young NABARD of 32 years and as such it warrants infusion of young blood at the entry levels so as to ensure a young, vibrant and technology savvy work force in years to come.
As part of foundation day celeberations NABARD is organising a high level Seminar on Rural Credit issues at New Delhi. We are happy to note that Hon’ble Cabinet Minister of Finance, GoI and Hon’ble Minister of State for Finance, GoI, besides the other highly placed dignitaries will be addressing this seminar. Though, as AINBOA representatives, we may not be there to have a first- hand account of deliberations, we are sure that speakers and decision makers will dwell upon and address some of the important macro level issues raised above by us at the seminar.
We also take this opportunity to thank GoI and RBI for reposing their faith in the capabilities of NABARD which is so highly reflective in the budget speech and allocations.
Once again, we, on behalf of AINBOA, congratulate each one of you on our Foundation day and we wish many such happy returns of the day and call upon each one of you to rededicate our sincere services to this great organisation of ours…
With Fraternal Greetings and best wishes on NABARD Day
(Dr. D. S. Chauhan) (K. Malligaraj)
General Secretary President11/07/2014
Saturday, 5 July 2014
NATIONAL BANK OFFICERS’ ASSOCIATION (NBOA)
C/O NABARD, HO, BANDRA-KURLA COMPLEX , MUMBAI
01 July 2014
Shri Gajanan Kirtikar
Hon'ble Member of Parliament
Many thanks for sparing your valuable time to meet our delegation on 28/06/2014 at Mumbai and for assuring your kind patronage and support to AINBOA.
We submit the following issues for your kind consideration and request a favourable and appropriate intervention from your good offices on these issues of paramount importance to us.
- Pension Updation of NABARD Employees.
- Scheme for Compassionate Package at NABARD
- Amendments to NABARD Act, 1982
The details (including Act-wise amendment proposed) of the issues are given in the annexure.
With warm egards
(Dr D S Chauhan)
Encl : As above
Please go to the link below to see the Memorandum submitted to Shri Gajanan Kirtikar, Hon'ble MP
Congrats to the newly elected office bearers of nboa hyderabad unit. I , on behalf of myself n AINBOA place on records our gratitude for the valuable, sincere n tireless services n support rendered by Shri Narshima Rao, our outgoing ZS (south), towards fraternal cause n activism. V all vl miss his presence n sagacious advices in our future meetings n interactions. I urge upon him to continue to b in touch n active association vd nboa. AINBOA n all the office bearers join me in wishing him n his family the best of health, wealth n peace always.
Dr d s chauhan
Letter from Shri T V Narasimha Rao, Secretary, Hyderabad Unit & Zonal Secretary (South)
As you are all aware, the tenure of Executive Committees of our units ends by June 2014. As such, the AP RO, Hyderabad unit had conducted the elections for formation of the new committee for the period 2014-16 on 25 June 2014. All the office bearers of the new committee, except for the posts of Treasurer and Joint Secretaries, were elected unanimously. There were three nominations for the posts of Joint Secretaries out of which two were elected through the election process. There were no nominations for the post of Treasurer and hence the General Body had co-opted an officer into the Committee as Treasurer. The list of the new office-bearers with contact numbers is enclosed for information of all.
I also enclose the audited accounts of our unit for the period 01 May 2013 to 30 April 2014 and the Secretary’s report, approved & adopted by our unit for information of all.
Incidentally, I am laying down the office as at the end of today, after reaching the age of superannuation. I would like to express my gratitude to each and every one of you for the support you have extended to me in spite of my frivolous behaviour sometimes!
A BIG THANK YOU for each one of you.
TV Narasimha Rao
AP RO, Hyderabad
30 June 2014
Please visit to following links to see the new committee of Hyderabad Unit and the Secretary's Report.