1. Secretary (DFS), GoI,
New Delhi
2. Directors on Board of NABARD
2. Directors on Board of NABARD
Respected Sir,
With great humility we
request your kind consideration on the following aspects which have led
to great resentment and restlessness among the officers community and request
your kind and urgent intervention -
A. BUSINESS RELATED
ASPECTS –
The bank has sought consultancy
services with Boston Consultancy Group (BCG) reportedly for Restructuring &
Repositioning of NABARD. NBOA has always been positive in its attitude and have
never resented the process of change required in order to effectively carry on
the assigned mandate of NABARD. However, the bank, instead of debating and
putting the entire process of consultancy in an transparent mode has gone
about it in a hush-hush manner. All our requests and persuasions to the bank to
take NBOA and officers community on board in the entire process fell on deaf
ears and all the assurances given by the bank to keep NBOA in the loop on this
aspect have never been honored till this day. In fact, the bank has neither
discussed nor divulged the report/suggestions given by the BCG. We understand
that no report has been submitted by BCG to NABARD. The Management is
taking certain retrograde decisions one after the other, all in the name of
Consultancy Report and reportedly with Boards’ approval. Policy decisions
have been taken by the bank in the name of Repositioning of NABARD, which has led
to dilution of assigned mandate of NABARD. We illustrate a few instances:-
a) NABARD has
also closed of 17 District Offices, even in very backward districts
and the issue was even raised by the hon’ble members of Parliament in the
parliament of the country.
b) Quietly and
discreetly 11 departments (mainly pertaining to Refinance and developmental
works of NABARD) and three training institutes (NBSC, Lucknow and NBTCs)
have been closed in the name of merger and streamlining the functions.
c) Almost all
the business models suggested by the BCG (direct finance to DCCB and
PACS, Financing of Producers Organanisations, other financial corporates and
also direct financing for infrastructure projects) have either failed to
take-off or have been shelved as they were found to be unviable and
unsustainable and also not in tune with our mandate.
d) Decision to
provide Refinance to banks for financing private corporate bodies out of
the RIDF corpus without taking the concurrence of RBI, has drawn flak from the
regulator and it is feared that the end result of this misadventure will result
in a hefty blow to NABARDs’ bottom lines.
e) Decision
to directly finance some of the DCCBs has also raised many an eyebrows,
specially from the Apex Cooperative banks and Cooperative federations.
f) Curtailment
of all Farm sector and Non farm sector developmental initiatives by NABARD has
changed the face of promotional initiatives of NABARD and the
promotional works of are now hampered.
B. HR Related Issues
a)
All such unilateral decision making , all in the name of restructuring and
repositioning has not only truncated the functioning of NABARD as a DFI but has
also led to curtailment of already gloomy career progression of NABARD
officers, specially at the middle management level. The recently
promulgated 'Recruitment & Selection Policy' reportedly on the behest
of BCG recommendations and Board directives is highly retrograde in nature and
has left almost 1200-1600 out of total 2800 officers ineligible for promotions
for all times to come. This has created a high level of dissatisfaction and
de-motivation among the officers community. All efforts of NBOA to have an
amicable way out through a dialogue have been thwarted by the bank and finally
NBOA was left with no alternative but to seek legal intervention on the issue.
The contention of management that the NABARDs’ policy is as per RBIs promotion
policy is a misnomer as it has got many deviations from the RBIs’ policy.
b) Abolishing
of 6 posts of EDs-an in cadre posts- has led to a wide scale demotivation at
the top most level and it will bring in large scale frustration among the CGMs.
Even the decision of the GoI towards recruitment of DMDs has left the top
executives frustrated and disillusioned as senior most CGMs and the lone
surviving ED has been made ineligible for the post of DMDs.
c) GoI's
decision to keep the post of MD vacant and present managements decision to
abolish ED (HRMD) post has led to total centralization of
power in one hand and our repeated requests to appoint an ED (HRMD) has not
been heard too till this date.
d) Recruitment
of officers on contract basis and non filling up of vacancies at the junior
management level for last two years is also highly resented by NBOA and
officers. Promotion process for various cadres has not been initiated for
last two years. More than 400 posts of officers are lying vacant -
out of that 250+ are due to not promoting the officers and remaining due to non
recruitment at base level. Still Contract recruitment is on.
e) Officers are
being continuously harassed and victimized, through financial penalties,
eviction from the quarters (though bank has provided 70-100 quarters at Mumbai
to BoB & UCO bank at a rent of Rs.5000-7000 pm), punishment transfers and
charge sheeting on frivolous and trivial issues. Even the officers
who have been exonerated in the disciplinary proceedings have been
punished totally ignoring the enquiry report.
f) We
have also come to know that NABARD is in the process of selling its prime real
estate assets. Such a step is unwarranted as the property can be easily
utilized for earning recurring hefty income without disposing it at all. Non
setting up of NRMC at Kolkata , in spite of an earlier Board level decision and
even after laying of the foundation stone has led to levying of hefty penalty
on NABARD towards ‘change in land usage pattern’. NABARD is in the print media
for all wrong reasons these days and it has resulted in tainting and bruising
of NABARDs' hitherto impeccable image.
We, therefore solicit
your kind and positive intervention so that the above concerns are taken care
off at the highest levels.
Thanking you
Yours faithfully
(Dr. D S Chauhan)
General Secretary
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