Creamy Layer Income Criteria for CPSE and PS Bank Employees

Creamy Layer Income Criteria for CPSE and PS Bank Employees

Reservation for candidates from Other Backward Classes – Revision of Income Criteria and determining equivalence of posts in Central Public Sector Enterprises (CPSEs), Public Sector Banks, Public Financial Institutions, etc. with Posts in Government for establishing Creamy Layer criteria

F.No.36033/2/2018-Estt.(Res.)

 Government of India 

Ministry of Personnel, Public Grievances and Pensions

 Department of Personnel and Training Establishment 

(Reservation-I) Section

North Block, New Delhi

 Dated June 8, 2018

To

The Chief Secretaries of all States / Union Territories

Subject:- Reservation for candidates from Other Backward Classes – Revision of Income Criteria and determining equivalence of posts in Central Public Sector Enterprises (CPSEs), Public Sector Banks, Public Financial Institutions, etc. with Posts in Government for establishing Creamy Layer criteria – regarding

Madam/ Sir,

I am directed to invite attention to this Department’s Office Memorandum No. 36012/22/93-Estt,(SCT) dated 08.09.1993 which, inter-alia provided that sons and daughters of persons having gross annual income of Rs.1 lakh or above for a period of three consecutive years would fall within the ‘creamy layer’ and would not be entitled to get the benefit of reservation available to the Other Backward Classes.

2. The aforesaid limit of income for determining the creamy layer status was subsequently raised to Rs. 2.5 lakh, Rs. 4.5 lakh Rs. 6 lakh and Rs. 8 lakh vide this Department’s O.M. No. 36033/3/2004-Estt.(Res.) dated 09.03.2004, O.M. No.36033/3/2004-Estt. (Res) dated 14.10.2008, O.M. No. 36033/1/2013-Estt.(Res.) dated 27.05.2013 and CM. No. 36033/1/2013-Estt. (Res) dated 13.09.2017, respectively.

3. This Department is in receipt of references seeking clarification on the status of equivalence and revision of income criteria, in Central Public Sector Enterprises (CPSEs) and Financial Institutions with posts in Government. In this regard, copies of the following Office Memorandums issued by Department of Public Enterprises, Department of Financial Services and this Department are enclosed for ready reference:

i) O.M. No. 36033/1/2013-Estt.(Res.) dated 13.09.2017 of this Department regarding revision of income criteria;

ii) O.M. No. DPE-GM-/0020/2014-GM-FTS-1740 dated 25.10.2017 of the Department of Public Enterprises on establishing equivalence of posts in Central Public Sector Enterprises (CPSEs) with Posts in Government for establishing Creamy Layer criteria; and

iii) O.M. No. 19/4/2017-Welfare dated 06.12.2017 of the Department of Financial Services on establishing equivalence of posts in respect of Public Sector Banks, Public Financial Institutions, Public Sector Insurance Companies.

4. It is requested to please bring the contents of the above mentioned O.M.s/ instructions to the notice of all concerned for information / compliance.

Yours faithfully, 

sd/- 

(Raju Saraswat) 

Under Secretary to the Government of India

View order

Authority: https://dopt.gov.in/

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AIBEA Press Release – Condemn the Demand of ASSOCHAM to Pravatise Banks

AIBEA Press Release – Condemn the Demand of ASSOCHAM to Pravatise Banks

ALL INDIA BANK EMPLOYEES ASSOCIATION 

Central Office:”PRABHAT NIVAS” Regn. No.2037 

Singapore Plaza, 164, Linghi Chetty Street, Chennai-600001 

Phone: 2535 1522 Fax: 4500 2191, 2535 8853 Web:www.aibea.in 

e.mail-chv.aibea@gmail.com & aibeahq@gmail.com

PRESS RELEASE

18-2-2018

By C.H. VENKATACHALAM, GEN SECRETARY, AIBEA

• We condemn the demand of ASSOCHAM to pravatise Banks 

• Let them advise their members to repay the Bank loans 

• Assocham should condemn Nirav Modi for his cheating the Banks

It is very strange and interesting that the Associated Chamber of Commerce, the mouthpiece of the industrialists and business houses has suggested privatization of banks in view of the recent fraud in PNB.

They have conveniently forgotten the track record of private banks in our country.

No. of Private Banks Failed, Amalgamated, ceased to function/transferred their liabilities and Assets, went into liquidation between 1948 and 1968

1948	45
1949	55
1950	45
1951	60
1952	31
1953	31
1954	27
1955	29
1956	28
1957	30
1958	28
1959	38
1960	26
1961	47
1962	33
1963	20
1964	82
1965	42
1966	17
1967	15
1968	7
In 20 years	736 private Banks

Private Banks put under moratorium in public interest due mismanagement and gone out of existence from 1969

1969	1.	Bank of Bihar
1970	2.	National Bank of Lahore
1971	3.	Eastern Bank
1974	4.	Krishnarao Baldeo Bank
1976	5.	Belgaum Bank
1985	6.	Lakshmi Commercial Bank
1986	7.	Miraj State Bank
1986	8.	Hindustan Commercial Bank
1990	9.	Traders Bank Ltd.
1990	10.	Bank of Tamilnad
1990	11.	Bank of Thanjavur
1991	12.	Parur Central bank
1991	13.	Purbanchal Bank
1993	14.	Bank of Karad Ltd
1995	15.	Kashinath Seth Bank
1997	16.	Punjab Co-operative Bank Ltd
1997	17.	Bari Doab Bank Ltd
1999	18.	Bareilly Bank Ltd.
1999	19.	20th Century Finance Corporation Ltd.
1999	20.	British Bank of Middle East
1999	21.	Sikkim Bank Limited
2000	22.	Times Bank Ltd
2001	23.	Bank of Madura
2002	24.	Benaras State Bank Ltd.
2003	25.	Nedungadi Bank Ltd
2004	26.	South Gujarat Local Area Bank
2004	27.	Bank Muscat SAOG
2004	28.	Global Trust Bank Ltd.
2006	29.	Bank of Punjab
2006	30.	Ganesh bank of Kurundwad
2006	31.	UFJ Bank Ltd
2007	32.	United Western Bank
2007	33.	Lord Krishna Bank
2007	34.	Sangli Bank
2007	35.	Bharat Overseas Bank
2008	36.	Centurion bank of Punjab

If private banks are really efficient, why these Banks were closed down and merged with others. Most of these banks were merged with public sector banks. PSBs have become the Neelakana Mahadev to swallow the poison of failure of many private banks and it is funny that Assocham is asking PSBs to be privatized now. We understand their greed but they cannot claim that private banks are more efficient.

Secondly, take the alarmingly increasing bad loans in Banks. Who are the delinquents and who are the defaulters? Are all of them not private companies, industrialists and corporate houses? 12 cases of NAPs have been referred to NCLT for insolvency and bankruptcy proceedings involving Rs. 253,000 crores. Who are they? Is it their efficiency? Should banks be privatized and handed over to these people?

In the PNB fraud, no doubt there is an unpardonable sin on part of those officials who have gone out of the way to favour Nirav Modi. But who has tempted them and influenced them? Is it not private corporate giant Nirav Modi? Take any major fraud in our country. One will see the hand of private corporates in it.

Let them not forget that bulk of the loans given by public sector banks are to private corporate houses. If public sector banks are not efficient, why do they avail these loans from PSBs and why have not taken such loans from private banks.

Devil should not quote scriptures. We feel to advice Assocham to ask the private sector corporate defaulters to repay the bank loans to the PSBs and condemn NIMO for the fraud he has committed on PNB.

C.H. VENKATACHALAM 

GENERAL SECRETARY

Source: http://banknewskumar.blogspot.in/

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Guidelines for Promotions in Public Sector Banks – 2013-14.

F.No.4/11/3/2013-IR
Government of India
Ministry of Finance
Department of Financial Services

Jeevan Deep, Parliament Street,
New Delhi, dated the April 4, 2013

The Chairman and Managing Directors of PSBs

Subject: Guidelines for Promotions in Public Sector Banks – 2013-14

   I am directed to refer to this Department’s letter number 4/1 1/1/2011-FR dated 14th March, 2012, 3rd May, 2012 and 15th June, 2012 on the subject cited above and to say that the references received from several banks regarding relaxations for promotions for the year 2013-14 have been examined in this Department.

   2.    It has been decided that Banks can, with the approval of their Boards, provide relaxations, if required, in the guidelines on promotions. Reasons for any such relaxation/deviation must be properly recorded in the minutes of the Board meetings.

   3.    However, any relaxation/change in the following provisions in the promotion guidelines referred to in para 1 above would require prior approval of the Government:-

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