India Post applies for bank licence

MUMBAI 28th June: With the Reserve Bank of India's deadline for applying for a bank licence fast approaching, the number of companies that have joined the list is rising. IndiaInfoline, Bajaj Finserv and the India Post are among the recent entities that have joined the ranks of licence seekers. 
"Bajaj Finserv Ltd has submitted its application to Reserve Bank of India on June 26, 2013 for a Licence to commence banking business in terms of section 22 of the Banking Companies Act, 1949. It is proposed to do this by converting its subsidiary Bajaj Finance Ltd into a Bank in terms of RBI Guidelines for Licensing of New Banks in the Private Sector dated February 22, 2013" the company said in a statement.

Although the postal department has been expressing its ambitions to float a bank for long, RBI would have to create a special dispensation for India Post as it does not fit into several of the criteria prescribed by the central bank. Besides the prescribed norms, the postal department would face a huge challenge in putting in place a core banking solution that would facilitate a centralized view of all its accounts. However, there are many who feel that the postal department is ideally suited to spread RBI's objectives of financial inclusion. The department already mobilizes small investments through the postal saving scheme and it has a network that is larger than any bank.  
 

IFCI, Bajaj Finserv, India Infoline would join a host of other entities like Religare Enterprises,Aditya Birla group, JM Financial and Srei, which have lined up plans to foray into the banking sector. 

Source : http://timesofindia.indiatimes.com/

eligibility list for promotion Gr G 2013-14

nomination of following candidate has been called by directrate by hand for DPC  Gr B AT 15 JULY.

SLNO.     SINIORITY           NAME                             CAST                            BACH
1                  15                   Sh. B.R.SAHU                          OC                                  1987
2                  27                        N.S.PATEL                          OC                                1988
3                 136                      Y.R.SINHA                         OC                                1990
4                  244                      V.KGUPTA                        OC                                  1990
5                 266                 KU.S.DEVGIKAR                   OC                                 1990
6                 328                  Sh. K.K.SONI                          OC                                1991
7                350                       B.R.YADAV                       OC                                 1991
8                355                        D.K.PANDA                      OC                                 1991
9                380                       M.P ANSARI                        OC                               1991
10                404                       D D.ANAT                          SC                                  1991
11              406                      K.N.RAM                              SC                                 1991
12              407                      D.S.KAWAR                        ST                                   1991
13              425                      L.N.MAHTO                           ST                                 1991

best performance award in C.G Circle

the following official  is going to award for best performance in PLI/RPLI BUSINESS YEAR 2012-13

Nomination of Best performers in PLI Business

 1. Category:- ASP/SDI(P)

Sl	Name of ASP/SDI(P)	No. of proposal	Sum Assured ( Rs. In Cr.)	Premium Income
1	Shri A.K. Singh, SDI(P) Gariyaband	165	4.17	168558
2	Shri J.S. Pardhi, SDI(P) Dhamtari	117	3.47	170607
3	Shri B.R.Yadav, ASP Ambikapur	111	3.35	153287

2. Name of Sub Divisional Heads who have completed the RPLI Targets with details of Business Procured in the Sub Division:-

Sl	Name of ASP/SDI(P)	No. of proposal	Sum Assured ( Rs. In Lacs.)	Premium Income
1	Shri S.K.Shrivastav, SDI(P) Mahasamund	3261	490.10	619159
2	Shri J.S.Pardhi, SDI(P) Dhamtari	3147	498.60	608640
3	Shri H.N.Sharma, Sub Division Raigarh	2862	671.05	1067351
4	Shri V.K.Gupta, ASP Rajnandgaon	2549	689.30	749270
5	Shri R.K.Sahu, ASP, Raigarh	2298	564.75	545020
6	Shri Alok Gomasta, SDI(P) Kawardha	2120	401.30	803701
7	Shri A.K.Singh, SDI(P) Raipur	1665	373.60	458965

Letter to Secretary (Posts) i/c/w grant of GP of Rs.5400/- to the ASPs after completion of 4 years of regular service in GP Rs.4800/-.

Letter to Secretary (Posts) i/c/w grant of GP of Rs.5400/- to the ASPs after completion of 4 years of regular service in GP Rs.4800/-.

No. CHQ/IPASP/GP/MACP/2013                                          Dated :  15/6/2013.

To,                                                                                            
Ms P. Gopinath,
Director General, 
Department of Posts, 
Dak Bhavan, Sansad Marg,
New Delhi 110 001. 

Sub:   Request for grant of Grade Pay of Rs 5400/- to the ASPs after completion of  4 years of regular service in G.P. of Rs. 4800/- earned under MACP Scheme

Respected Madam,

          Association wishes to bring to your kind notice following provisions requiring in-depth analysis, favouring for grant of GP of Rs. 5400/- to those entire ASPs cadre officials, after immediate completion of their regular service in GP of Rs.4800/- earned under MACP. It is hoped that these would certainly find in line and would be taken into consideration before arriving at a just and favourable decision.  

          It is brought to your kind notice that as per Government of India’s Resolution No.  M.F No. 1/1/2008-1C, Dt. 29.08.2008,clause (x) (e), “Group-B officers of Departments of Posts, Revenue, etc. will be granted Grade Pay of Rs, 5,400/- in PB-2 on non – functional basis after 4 years of regular service in the grade pay of Rs,4,800/- in PB-2”. As per this clause all the group “B” officers of Department of post, Revenue etc will be granted grade pay of Rs. 5,400/- in PB- 2 on non functional basis after 4 years of regular service in the grade pay of the 4800 in PB-2.

          Further, as per Para 9 of the Annexure I to DoPT O.M. dated 19.05.2009 issued from F.No. 35034/3/2008-Estt.(D):  “Regular Service for the purpose of the MACPS shall commence from the date of joining of a post in direct entry grade on a regular basis either on direct recruitment basis or on absorption / re-employment basis…...past continuous regular service in another Government Department in a post carrying same grade pay prior to regular appointment in a new Department, without a break, shall also be counted towards qualifying regular service for the purpose of MACPS….’’.

          As per Para 2 of DoP&T OM No 5034/3/2008-Estt(D)(Vol.II) dated 01.11.2010: “….financial upgradation under the MACPS shall be allowed in the immediate next higher grade pay in the hierarchy of revised pay bands as given in SSC (Revised Pay) Rules, 2008”.

          The 1^st schedule of CCS(RP) Rules, 2008 as mentioned in Rule 3 & 4 above, pay band & grade pay on the pay scale as applicable for every post/grade shall be specified. Para 7.6.14 of the report of Pay commission would make it clear that a Group “B” officer in PB-2 with a Grade pay of Rs. 4800/- will get the Grade Pay of Rs. 5400/- after completing 4 years of regular service on non – functional basis. The enhancement of grade pay is not dependent on the post, but on regular service of 4 years in Grade Pay of Rs. 4,800/- in PB-2 (Rs.7,500- 12000 pre-revised).

          As is evident from DOP&T letter No. 10/02/2011.E.III/A dated 7-1.2013 the pay of Govt. Employees on promotion to a post carrying higher duties and responsibility but carrying the same grade pay is to be fixed by way of addition of one increment of 3% of the sum of pay band of the existing grade pay. As such on assuming higher responsibility from the date of promotion of ASPs to Group “B” no financial benefit is given. Apparently the GP of Rs.4800/- earned by ASPs by virtue of length of service after 30 years is treated as final GP for all purpose. Had this not be the position the pay of ASP on assuming higher responsibility must be fixed under FR 22 1(a) 1. As such claim for grant of Grade Pay of Rs, 5,400/- in PB-2 from the date of financial upgradation in GP of Rs.4800/- on non – functional basis vehemently uphold.

          However, Grade Pay of 5400/- is not being granted to the ASP who got 3^rd Financial Upgradation under MACP Scheme and completed 4 years regular service in Grade Pay of 4800/- on the pretext that non-functional up-gradation to the Grade Pay of Rs 5400 in the PB-2 can be given on completion of 4 years of regular service in Grade Pay of Rs 4800/-  in PB-2 (pre-revised pay scale of Rs 7500-12000) after regular promotion and not on account of financial up-gradation due to MACP. On the other hand no pay on so called regular promotion is fixed under FR 22 1(a) 1.

           In this context, it is pertinent to mention here that as per GOI resolution 1/1/2008 IC dated 29.8.08 does not make a categorization within Group B cadres viz ASP/ Supdt. in Departments of Post for the purpose of grant of Grade Pay of Rs 5400/- as both cadre are in Group B and enjoying  gazetted status. In terms of MACP scheme notified by the DoPT vide OM No 35034/1/97- Estt(D)  dated 9.8.1999, the financial up-gradation under the scheme should be granted to the pay scale of the next hierarchical cadre.

          It is not out of place to mention here that on plain reading of DOP&T memorandum No. 10/02/2011.E.III/A dated 7.1.2013 leads to the conclusion that either pay of the officer on assuming higher responsibility should be fixed under FR 22 1(a) 1 in the same GP treating regular service on promotion in the relevant GP or financial upgradation under MACP or otherwise should be considered a regular service in that GP. Two separate interpretations on one issue are bad in the eyes of law and are considered mischievous, farfetched, hyper technical and illegal.

          In the light of above submissions, it is most humbly prayed that Non Functional Grade Pay of 5400/- may please be granted to all the IP/ASP/PS Group B officers effective from the date they have completed 4 years regular service in Grade Pay of 4800/-.         

          With profound regards.

Yours Sincerely

 

Sd/-

(Vilas Ingale)

General Secretary

SBI PO 2013 Results Declared

Written Test Result (Phase-I) (held on 28.04.2013)

State Bank of India declared the results for the recruitment to the posts of Probationary Officers. The written examination was conducted on 28 April 2013 through online mode. Therecruitment is done for 1500 post of Probationary Officers in SBI. The candidates shortlisted in written examination can undergo interview session, which is scheduled from 03.07.2013 onwards.

 

Call Letter and Bio-data Format download - 18.06.2013 onwards

Group Discussion and Interview (Phase- II) scheduled from 03.07.2013 onwards

CLICK HERE TO VIEW THE RESULT
 

Circle Conference....Jharkhand Circle.

It is reported by Circle Secretary, All India Association of Inspectors and Assistant Superintendents Posts, Jharkhand Circle that the next Circle Conference will be held at B. Deoghar HO on 7/7/2013 (Sunday).

 

Friday, June 14, 2013

Letter to Secretary (Posts) regarding restructuring of Inspector Posts Cadre.

No. GS/AIAIASP/1/2012                                              dated   14/6/2013
 

To,

Ms. P. Gopinath,

Director General,

Department of Posts,

Dak Bhawan, Sansad Marg,

New Delhi – 110 001.  

          Subject : Minutes of the meeting taken by Member (Personnel) regarding

                        restructuring of Inspector Posts cadre.

          Ref.       : Director (SR) letter No. 01/01/2011-SR dated 6^th September, 2012.

Respected Madam,

          Your kind attention is drawn to the letter dated 11/1/2013 (copy enclosed), requesting Directorate to clarify the points mentioned therein to discuss issue amongst our members but unfortunately no attention seems to be taken.

          In this regard, it is further intimated that as per the knowledge of the Association Department is in no mood to carry out cadre review of the IP/ASP Association. Whereas time bound action is being taken for next cadre review of IPoS officers.  This is great injustice with the cadre and we will not sit helpless till listen in true manner.

          It is further requested that details as required in the letter referred above may please be supplied to the Association so that suitable reply will be given accordingly to proceed further in the matter.

          With warm regards.  

Yours sincerely,

Notification for holding of Inspector Posts Examination 0n 7 & 8th September, 2013 issued by Directorate.

Notification for holding of Inspector Posts Examination 0n 7 & 8th September, 2013 issued by Directorate.

Directorate vide memo No. A.34012/05/2013-DE dated 17/6/2013 has issued notification for holding Limited Departmental Competative Examination for the promotion to the cadre of Inspector Posts 66.66% Departmental Quota for the year 2013 on 7/9/2013 and 8/9/2013.  To view the original copy of Directorate memo, please CLICK HERE.

Supplementary DPC for the promotion to the cadre of PS Gr. B for the year 2012-13 & repatriation of PS Gr. B to their parent circle....an update

It is learnt from Directorate that, present vacancy position in PS Gr. B cadre is being ascertained from each circle to post the officers at their convenient circle on promotion as well on repatriation. Orders are likely to be issued soon.

Train Tickets Refund Rule with effect from 01.07.2013

To view details, please CLICK HERE. 

India Post’s bank plans meet hurdle

The Department of Financial Services (DFS) has opposed the proposal of the Department of Posts (DoP) to apply for a banking licence. According to the DFS, though the network of post offices is large with 1.55 lakh offices across the country, they neither have an interconnected system in place to give people access to their money anywhere and at anytime like the banks, nor experience in lending.

“A Cabinet note is being circulated by the DoP for them to apply for a banking licence. But we are against the move,” a senior DFS official told FE.

The DoP wants to start a bank initially with at least 40-50 branches – with one or two in each state – with a focus on lending to small and medium enterprises and gradually over a period of ten years increase the branch network to around 800 by going into rural areas. According to the RBI guidelines, the initial minimum paid-up voting equity capital for a bank should be Rs. 500 crore, while the DoP has sought a capital of Rs.1,900 crore for its banking venture, sources said.

The DFS official, however, said the DoP's plan seems “half-baked” as it was “not clear on how they will evolve a system like the banks have to help their depositors access money easily anywhere at anytime.”

“Banking is a different ball game altogether. It will require a lot of training for the post office staff to learn the rules. It will not be easy for DoP to run a full-fledged bank,” the official said, adding that a lack of experience in lending is also a drawback for the DoP.

The DoP, however, is keen to submit its application to the RBI before the July 1 deadline and the bank will be set up a through a wholly-owned Non-Operative Financial Holding Company (NOFHC). The DoP had taken the help of consultancy firm Ernst & Young in preparing its strategy. “The main benefit (in giving a bank licence to DoP) is that it will help boost the financial inclusion plan,” said Ashvin Parekh, national leader (global financial services), Ernst & Young. The Cabinet note was prepared on the basis of the Ernst & Young report.

The DoP intention is not to convert all its post offices into banks, but wants a separate banking entity for which it has decided to hire a separate team of professionals, sources said. It has already spent around Rs.200 crore in the last four years to put up a core banking solutions-like system in place, they added.

Incidentally, the government had started a Rs.4909 crore-worth information technology-driven project to modernise the postal network. The government had allocated Rs.532 crore in 2013-14 to make post offices a part of the core banking solution and help it offer real time banking services.

The DoP also pointed out that the post offices reach even the remote corners of the country as the network includes 1.4 lakh post offices in rural areas, 15,000 in urban areas and another 30,000 points of presence. Post offices already offer many financial services for urban and rural people including savings accounts, recurring deposit accounts, monthly income schemes, public provident fund, time deposits, senior citizens savings scheme, national savings certificates and postal life insurance. Besides, post offices also offer money remittance services, distribution of mutual funds and securities and are also provide electronic international money order service and forex services.

The DoP also provides services on the new pension scheme and retail services such as sale of forms and bill collection. The DoP is also a government agent for providing services on Mahatma Gandhi National Rural Employment Guarantee Scheme wage disbursement and old age pension payments.

ource : http://www.financialexpress.com

Tuesday, June 18, 2013

Notification for holding of Inspector Posts Examination 0n 7 & 8th September, 2013 issued by Directorate.

Notification for holding of Inspector Posts Examination 0n 7 & 8th September, 2013 issued by Directorate.

Directorate vide memo No. A.34012/05/2013-DE dated 17/6/2013 has issued notification for holding Limited Departmental Competative Examination for the promotion to the cadre of Inspector Posts 66.66% Departmental Quota for the year 2013 on 7/9/2013 and 8/9/2013.  To view the original copy of Directorate memo, please CLICK HERE.

 

Supplementary DPC for the promotion to the cadre of PS Gr. B for the year 2012-13 & repatriation of PS Gr. B to their parent circle....an update

It is learnt from Directorate that, present vacancy position in PS Gr. B cadre is being ascertained from each circle to post the officers at their convenient circle on promotion as well on repatriation. Orders are likely to be issued soon.

 

Train Tickets Refund Rule with effect from 01.07.2013

To view details, please CLICK HERE. 
 

India Post’s bank plans meet hurdle

The Department of Financial Services (DFS) has opposed the proposal of the Department of Posts (DoP) to apply for a banking licence. According to the DFS, though the network of post offices is large with 1.55 lakh offices across the country, they neither have an interconnected system in place to give people access to their money anywhere and at anytime like the banks, nor experience in lending.

“A Cabinet note is being circulated by the DoP for them to apply for a banking licence. But we are against the move,” a senior DFS official told FE.

The DoP wants to start a bank initially with at least 40-50 branches – with one or two in each state – with a focus on lending to small and medium enterprises and gradually over a period of ten years increase the branch network to around 800 by going into rural areas. According to the RBI guidelines, the initial minimum paid-up voting equity capital for a bank should be Rs. 500 crore, while the DoP has sought a capital of Rs.1,900 crore for its banking venture, sources said.

 

The DFS official, however, said the DoP's plan seems “half-baked” as it was “not clear on how they will evolve a system like the banks have to help their depositors access money easily anywhere at anytime.”

“Banking is a different ball game altogether. It will require a lot of training for the post office staff to learn the rules. It will not be easy for DoP to run a full-fledged bank,” the official said, adding that a lack of experience in lending is also a drawback for the DoP.

 

The DoP, however, is keen to submit its application to the RBI before the July 1 deadline and the bank will be set up a through a wholly-owned Non-Operative Financial Holding Company (NOFHC). The DoP had taken the help of consultancy firm Ernst & Young in preparing its strategy. “The main benefit (in giving a bank licence to DoP) is that it will help boost the financial inclusion plan,” said Ashvin Parekh, national leader (global financial services), Ernst & Young. The Cabinet note was prepared on the basis of the Ernst & Young report.

 

The DoP intention is not to convert all its post offices into banks, but wants a separate banking entity for which it has decided to hire a separate team of professionals, sources said. It has already spent around Rs.200 crore in the last four years to put up a core banking solutions-like system in place, they added.

Incidentally, the government had started a Rs.4909 crore-worth information technology-driven project to modernise the postal network. The government had allocated Rs.532 crore in 2013-14 to make post offices a part of the core banking solution and help it offer real time banking services.

 

The DoP also pointed out that the post offices reach even the remote corners of the country as the network includes 1.4 lakh post offices in rural areas, 15,000 in urban areas and another 30,000 points of presence. Post offices already offer many financial services for urban and rural people including savings accounts, recurring deposit accounts, monthly income schemes, public provident fund, time deposits, senior citizens savings scheme, national savings certificates and postal life insurance. Besides, post offices also offer money remittance services, distribution of mutual funds and securities and are also provide electronic international money order service and forex services.

 

The DoP also provides services on the new pension scheme and retail services such as sale of forms and bill collection. The DoP is also a government agent for providing services on Mahatma Gandhi National Rural Employment Guarantee Scheme wage disbursement and old age pension payments.

 

ource : http://www.financialexpress.com

Tuesday, June 18, 2013

transfer ip

shri janakraj ip c.o raipur relived for Tamilnaidu circle yesterday.assocition wish him

POSTING OF NEW I.P.

THE FOLLOWING NEW DEPARTMENTAL IP HAS POSTED AFTER TRAINING

1 SHRI V.SONI SDI DHAMTARI
2 SHRI S.ASATI SDI GARIYABAND

 Association congratulate and welcome to the new cadre.
 

POSTING OF NEW I.P.

THE FOLLOWING NEW DEPARTMENTAL IP HAS POSTED AFTER TRAINING

1 SHRI V.SONI SDI DHAMTARI
2 SHRI S.ASATI SDI GARIYABAND

 Assocition congratulate & welcom to all.

TRANSFOR OF ASP/SDIP

Fooling official transfer in circle.

1.Shri J.S.PARDHI SDI DHAMTARI TO SDI BEMETARA
2.Shri A.K.ANNAT SDI PATHALGAON TO SDI RAIGDH
3.Shri K.P.VERMA ASP T RAIPUR TO ASP RAJNATH GAON
4 Shri V.K.GUPTA ASP RAJNATHGAON TO ASP T RAIGADH
5 Shri T.R.DIWAN ASPCO TO ASP T BILASPUR
6 Shri MANISH PRADHAN IRM RAIPUR TO SDI JAGADALPUR
7 Ku. S.DEVGIRKAR ASP HQ RAIPUR TO ASP HQ DURGA

DPC LIST OF ASP

Following official promot as A.S.P. in  circle  

1-shri S.K.MAMALE SDI Bemetara to  ASRM RAIPUR
2.Shri N.K.RAJPAL SDI RAIPUR TO ASP C.O.(SAS) RAIPUR
3 Shri H.N.SHARMA SDI RAIGADH TO A.S.P. (T) RAIPUR
4 Shri A.K.SINGH SDI GARIYABAN TO A.S.P (HQ) RAIPUR ( AD HOC)
5.Shri ALOK GOMASRA SDI KAWARDHA TO ASP (HQ)JAGADALPUR (AD HOC)


Assocition congratulate to all official.

Eid-e-Milad-Un-Nabi

DPC OF ASP

DPC  for promotion to ASP cadre is likely to be released soon.

Posting of CPMG

Honorable CPMG Shri J.Panda  has transferred to West Bengal and  Shri Kulbir Singh has posted as CPMG in our circle

I, on behalf of this Association congratulate the officers and wish them best luck.

Republic Day

iMO tariff reduced

Hello
At present iMO commission has been reduced

1000 to 10000     - 100
10001 to 30000   - 110
30001 to 50000   - 120

Please remember this

Happy new year to all

happy x mas to one and all