Hamara Prayas August 2013

Postal Regn. No : L II / RNP/HD/1145/2011-13 Dated 13.09.2011
RNI Regn. No. : AP ENG/2011/38018 Dated 24-06-2011
HAMARA PRAYAS
THE IN-HOUSE COMMUNIQUE OF THE A.P. MAHESH CO-OPERATIVE URBAN BANK LTD.
Editor : RANJANA SHARMA
Associate Editors : K. KISHORE KUMAR, PRAVEEN KUMAR, A.V. RAMA RAO
Bank that Bridges the
Gap in lives of People
ISO 9001 : 2008 Certified
Volume - III
Issue : 8
th
17 August, 2013
Price : ` 1/-
BOARD OF DIRECTORS
Purshotamdas Mandhana
Ramesh Kumar Bung
Ramprakash Bhandari
DIRECTORS
Brijgopal Asawa
Chainsukh Kabra
Devender Jhawar
Kailash Narayan Bhangadia
Krishna Chandra Bung
Laxminarayan Rathi
Smt. Pushpa Boob
Rajgopal Partani
Ramnivas Soni
Rampal Attal
Smt. Ratnamala Saboo
Srigopal Bung
CA Kishan Gopal Maniyar
CA Bajaranglal Jhawar
Umesh Chand Asawa
Professional Directors
M.D. & CEO
Message...
Room No. 260, 1st Floor
D-Block, A.P. Secretariat
Phones : 040 2345 4063 (O)
040 2345 3894 (O)
040 6513 7957 (R)
M. MUKESH GOUD
Dated : 01-08-2013
MINISTER FOR MARKETING &
WAREHOUSING
MESSAGE
I am happy to note that Mahesh Co-operative Urban Bank is celebrating its 36th
Foundation Day Celebrations on 09th August 2013 and a special issue is also being
brought out to commemorate the event.
I am greatly excited to see that the bank achieved the remarkable position in all fronts for
more than 3 decades of its dedicated service to all classes of society. It is pertinent to put
on record that the aggregate business of the bank has crossed Rs.2000 crores and
consistently maintaining growth in all the financial parameters.
It is also delighted to know that Mahesh Bank is the first Co-operative Bank in the Cooperative Banking Sector of our State to computerize all its branches and introduce Core
Banking Solution. Extending other services like accepting NRE Deposits, authorized to
deal as AD Category-II to handle specified Foreign Exchange Transactions, marketing
the products of Max Life Insurance. RTGS and NEFT facilities to its customers is a
remarkable feature for the bank which can be comparable with other new generation
banks.
I wish that under your dynamic leadership, the Bank will accomplish the mission ahead
successfully and build as one of the Model Bank in the entireCo-operative Banking
Sector of the Nation.
With best wishes,
Message...
Room No. 344, 2nd Floor,
‘D’ Block, A.P. Secretariat.
Phones: 040 - 23450503 (O)
040 - 23450708
040-23543155
040 - 23545706
DANAM NAGENDER
Minister for Labour, Employment,
Training, Factories & Boilers and
ITI’s
Dated : 01-08-2013
MESSAGE
I am glad to learn that A.P. Mahesh Co-operative Urban Bank has completed 35 years of
service to people and is celebrating its 36th Foundation Day on 9th August, 2013 and a
special issue is also being brought out to commemorate the event.
The Bank has been providing modern banking techniques like Core Banking Solutions
Services to its customers, competing with the very well established Nationalized and
other Banks in the Cooperative Sector. The Bank is able to retain its sustained growth
over these 35 years and is successfully running 39 branches in the State apart from
Rajasthan and Maharashtra and is enjoying the confidence of the people.
I congratulate you and your Board Members, Staff and Officials of the Bank for this great
achievement and wish the Bank a highly prosperous future and I am sure the Bank will
render its best for the improvement of the Banking Sector in the State.
Message...
Office:
Room No. 430, D- Block, 3rd Floor,
A.P. Secretariat, HYDERABAD - 500 022
Phones: 040 - 2345 0785, Res : 040 - 2330 1212
Message...
Room No. 315, 2nd Floor,
South ‘H’ Block, A.P. Secretariat.
HYDERABAD
Phones: 040 - 23450371 (O)
23450348 .
23450034 (F)
KASU VENKATA KRISHNA REDDY
Minister for Co-operation
Dated : 29-07-2013
MESSAGE
I am happy to know that A.P. Mahesh Co-operative Urban Bank Ltd., is celebrating its
36th Foundation day on 09th August, 2013 and releasing a special issue of bank inhouse communique namely HAMARA PRAYAS. The efforts put forth by the Chairman
for having 39 fully computerized branches and crossed turnover Rs.2000 crores are
remarkable. The role of this prestigious bank in financing Housing Loans, Educational
Loans, Tax Saver Deposits, Additional interest to Senior Citizens, Lockers facility, NRE
Deposits with core banking solution at all branches is highly appreciable.
I further convey my heartfelt congratulations to the A.P. Mahesh Co-operative Urban
Bank Ltd., on the above occasion. I wish all the success in their future endeavour in
serving the needy people to the maximum extent possible and also to achieve its
ambition to reach Rs.10,000 Crores turnover by the year 2020.
Message...
NARA CHANDRABABU NAIDU
PRESIDENT
Telugudesam Party &
Leader of Opposition, A.P. Legislative Assembly
Government of Andhra Pradesh
Tele : 91(40)-30699999
Fax: (R) 91(40)-23547845
(O) 91(40)-23542108
e-mail: [email protected]
web: www.telugudesam.org
Message...
Message...
Message...
Off : 040 - 23452143
Res : 040 - 23609086
Fax : 040 - 23450175
T. P. DAS, IPS.,
Principal Secretary to Government,
Home Department,
Andhra Pradesh, Hyderabad.
MESSAGE
It is pleasure to note that the A.P. Mahesh Co-operative Urban Bank, Hyderabad is
celebrating its 36th Foundation Day Celebrations of 9th August 2013 and a special issue
is also being brought out tu commemorate the event.
in more than three decades of its existence, Mahesh Bank expanded its network of 36
branches covering 3 states and progressing well.
I am very happy to note that the bank is maintaining consistent sound financial record and
crossed the business level of Rs.2000 crore. this apart, extending RTGS facility, money
transfer facility and implementing core banking solution for prompt, efficient service to its
customers, marketing insurance products of Max Life Insurance Company and handling
spedified foreign exchange transactions speaks about the diversified activities of the
bank being rendered to its customers is commendable.
I congratulate you and your branch members, staff and officials of the bank for this great
achievement and wish the bank a highly prosperous future and I am sure, the bank will
render its best for the improvement of the banking sector in the state.
I wish the bank to become a model bank for co-operative banking sector of the state.
Office:
5th Floor, ‘A’ Block, Home Department, Andhra Pradesh Secretariat,
Hyderabad - 500 022 (India).
Message...
MUKESH KUMAR MEENA, I.A.S.,
Telefax: +91-4023202833
(Res) +91-4023310785
E-mail: [email protected]
[email protected]
Collector & District Magistrate
Hyderabad District
MESSAGE
I am delighted to know that Mahesh Co-operative Urban Bank is celebrating its 36th
Foundation Day Celebrations on 09th August 2013 and a special issue is also being
brought out to commemorate the event.
The bank achieved the remarkable position in all fronts over these 35 years of its
dedicated service to all classes of society. It is pertinent to put on record that the
aggregate business of the bank has crossed Rs.2000 crore and consistently maintaining
growth in all the financial parameters. The bank expanded its branch network to 39
covering Andhra Pradesh, Maharashtra & Rajasthan States and extending diversified
activities like acceptance of NRE deposits, handling specified Foreign Exchange
Transactions, RTGS, Money Transfer facilities besides partnering with Max Life
Insurance Company Limited for marketing their products.
I congratulate you and your Board members and staff of the Bank for their continuous
efforts to bring the bank to the present status.
I convey my best wishes for overall success of the bank and achieve the mission ahead
while continuing its noble objectives.
Message...
SANDEEP KUMAR SULTANIA, IAS
Commissioner for Cooperation &
Registrar of Cooperative Societies
Gruhakalpa, III Floor, M.J. Road
Hyderabad - 500 001
Ph. : Off : 040 2461 3043
Fax : 040 2461 3041
E-mail : [email protected]
Dated : 01-08-2013
MESSAGE
I am to note that the A.P. Mahesh Co-operative Urban Bank is organizing its 36th
Foundation Day Celebrations.
Co-operatives are based on the values of self-help, self-responsibility, democracy,
equality, equity and solidarity. The seven Co-operative Principles by which the cooperatives put their values into practice are amply evident in the functioning of this Bank.
For success of banking in urban areas, it is very essential to know the borrowers fully and
cooperative urban banks are best suited to help the small entrepreneurs in urban areas
by meeting their credit and credit plus needs. Success of Co-operative Urban Banks
would depend on the vision of the management and its implementation by the executives
and staff. The A.P. Mahesh Coop. Urban Bank is a success story in this regard since it
could post consistent good results as is evident from their key financial indicators.
It is very important to retain the confidence of depositors in the Co-operative Urban
Banking sector. The success of A.P. Mahesh Co-op. Urban Bank is therefore a great
contributing factor for the stability of the Co-operative Urban Banks in the State.
I am confident that A.P. Mahesh Co-op. Urban Bank would scale new heights, reach new
peaks and continue to provide excellent banking services to their members. I wish them
all success in their endeavor.
To,
Sri Ramesh Kumar Bung
Chairman,
Mahesh Bank
Message...
ANURAG SHARMA, IPS.,
Commissioner of Police
Hyderabad City.
Phones : Off : 040 2326 1666
Old City Off : 040 2457 6017
Fax : 040 2322 7546
Res 040 2323 0521
Cell : 94906 16000
98490 30460
e-mail : [email protected]
2. [email protected]
Dated : 01-08-2013
Message...
FROM THE EDITOR’S NIB..
My Dear Readers,
Your fascinating tabloid HAMARA PRAYAS is almost 4 years old. Innumerable readers across the country have
showering encomiums upon the communiqué that it has been delightful, informative, educative and thought
provoking. We continue to receive letters every month stating that it is truly the holistic magazine.
We take every opportunity to show our readers that they are better than they think they are. With this view, we
try to add articles upon human relations, behavioural aspects, ethical nature in addition to banking updates and
financial awareness.
When you throw a stone in a still-water lake, you never know how far the ripples may go. So often when you face
the wall, some force pushes you, drives you, drags you, leads you and shows the way. When you do not trust your
abilities, the words of motivation and encouragement in the articles propel you forward. It is for us to be to the
world, what the world has been with you. You find your self- thrust one day by reading such stories upon human
relations; then they can be your trust. Our resolve should be to take every opportunity to show others that they
are better than they think they are.
The in-house communiqué of the A.P. Mahesh Cooperative Urban Bank not only mirrors the activities and
events that take place in the Bank, but also unfolds several issues pertaining to banking industry. Endeavouring
every moment to keep the tabloid up to date, we include several subjects in the interest of general readers. The
editorial team takes care of ever changing issues in the banking arena and publishes them from time to time to
create awareness among the employees of not only our bank but other employees as well. Recognizing this, the
National Cooperative Union of India, New Delhi has awarded HAMARA PRAYAS WITH a Certificate of
Appreciation during All India Best Cooperative Journal Awards declared in 2012.
I assure the readers to strive hard to ameliorate the quality of the magazine throughout.
ASSOCIATE EDITORS
K. Kishore Kumar
Praveen Kumar
With regards,
RANJANA SHARMA
Editor
A. V. Rama Rao
13
Significant Events of the Year
Sri Ramesh Kumar Bung, Chairman, receiving TV5 News Business Leader Award -2012 from Sri. N. Kiran Kumar
Reddy, Hon’ble Chief Minister, A.P. Smt. J. Geetha Reddy, Minister for Major Industries, Sri Ponnala Lakshmaiah,
Minister for IT & Communications, Sri Pitani Satyanarayana, Minister for Social Welfare, A.P. present on the occasion.
Sri Ramesh Kumar Bung, Chairman along with Sri Anurag Sharma, IPS, Commissioner of Police, Hyderabad,
Sri B.V.R. Mohan Reddy, Chairman & MD, Infotech Enterprises, Sri Devender Surana, President, FAPCCI at the 35th
Foundation Day Celebrations of the Bank held on 9th August, 2012 at Hyderabad.
14
FROM THE CHAIRMAN’S DESK
At the outset, let me greet all of you on the occasion of Bank’s 36th Foundation Day and (67th) Independence
Day as well.
We have grown up as a mighty organization with sound economic principles, ethical values and transparency.
We are proud to be in the Cooperative Sector blessed with an opportunity to serve the common man. Our bank
has dedicated and committed workforce who endeavour to extend uninterrupted service to the clientele
throughout.
People are aging. Retirements and exodus are in vogue. New generation is entering the challenging arena in
banking Industry. Youth is ready to hold reins and bridles. Same yardstick which has been in vogue till now in
respect of earlier (old) staff cannot be applied when we handle them. They have to be fairly treated, caressed,
and entrusted independently to challenging task to give the desired results.
A strategic Leader cannot afford to have favourites among employees. He must not only be rational, but must be
scrupulously non-discriminatory. Unless he takes pains to be obviously impartial, people are sure to believe that
personal likes and dislikes play a big role in their decisions. We cannot afford to indulge in personal ambitions.
We cannot be especially friendly with any of the staff. They must all be treated alike. Workforce will not perform
and give the best results if attracts favouritism by superiors. A subordinate will not respect his boss who does
not treat everyone equally.
Some supervisors may like their people to be a bunch of ‘yes men’. People who work for you have to accept your
decisions, but there is no law which says that they have to agree with your opinion. They should have a right to
differ and express their views freely. The supervisor who listens carefully to the persons who disagree with him,
after evaluating his own idea with right attitude will succeed and gives the positive results with authority.
A strategic leader’s prime responsibility is to ensure that his organisation is going in right direction, and to keep
his eyes on the horizon, for his task to create tomorrow’s organization out of today’s-while doing today’s work.
Remember a task without a vision is drudgery; but vision without a task is merely a dream.
Handling a crisis may involve taking of harsh and tough decisions by keeping a cool head. Possible doubts about
the decision are unavoidable, but these doubts are to be dealt with before the final decision is taken. Once the
final decision is made, the team handling the crisis cannot afford to raise questions about it, but they must put
every possible fair effort in seeing the decision through to its successful conclusion. This is the essence of
keeping once head and nerves cool and calm.
The more you understand why people act the way they do, the less irritated you will be. Good fellowship and
sympathy often lead you to make right decisions. Remember, whatever you do, it will get to be known by
everyone.
When there is no proper teamwork, it is very difficult for the
organization to function properly. This will lead everybody to be
out of work. It is a case of forgetting that the all-important people
are the customers. They are everybody’s bread and butter.
No supervisor should take all the credit for himself. Under such
bad supervisor, all the staff is upset naturally. They have been
working for the institution for long and anticipate a word of
praise for them. The word ‘I’ should be banned from the
vocabulary. It should always be ‘We’, ‘Us’ – the team. That is the
way to develop cooperation and teamwork.
Let us all work united in a congenial ambience to build up the
organization with a strong structure of human values.
Wishing you the best in your assignments,
RAMESH KUMAR BUNG
15
Significant Events of the Year
Sri Ramesh Kumar Bung, Chairman presenting the Annual Report for 2011-12 at the 36th Annual General Body Meeting
held at FAPCCI, Hyderabad. Directors on the Board, MD & CEO, and shareholders present on this occasion.
16
MD & CEO SPEAKS
Dear colleagues,
I convey my greetings to you on this auspicious occasion of 36th Foundation day on 9th August 2013. Since its
inception in 1978, the bank has made a splendid journey overcoming many challenges and has emerged as a
winner.
Today, Mahesh Bank has grown into a mighty organization with more than Rs.2000 crore businesses, a network
of 39 branches and 560 workforce. I am proud to be a member of ever growing Mahesh bank family and be a part
of its growth and glory.
For any organization, Innovation in Business, Execution and ethical values are a must. The growth based on
these foundations is sustainable and strong, infallible and respectable. Mahesh Bank has embraced all the
above and has grown steadily and strongly. Along with Innovation, Execution is equally as important. It is all
about getting the right: the right people, doing the right things, at the right time, at the right cost structure. This
applies to both our business and sustainability. Both are about making an impact through original ideas and
processes while utilizing resources wisely. Combining Innovation in Business generation and execution makes us
Future Ready
The Bank stood for reliability, transparency and commitment. Over the past three and half decades, it has gained
its stature and trust among its clientele and stakeholders.
Resting on the laurels of Mahesh Bank success, however, is definitely not an option. We have surveyed the
market and know that the future is not an orchard of low-hanging fruit. The challenges we face now are quite
different from those that we faced few years ago. We have new challenges coming upon us –like competition
from new banks, ever evolving technology, Increasing customer expectations and newer RBI Norms.
Despite these challenges, however, the horizon also holds much promise. If we play our cards well and continue
to be alert and nimble, the Mahesh Bank stands to gain from the growing dynamism in the region. As we know
there is great potential in the state and the country to unleash.
It’s a saying “Being on par in terms of price and quality only gets you into the game, but Service wins the game”.
Let the customers experience the warmth of our service and enjoy the modernized technology in our products.
This is the real challenge of today. Employee development and staff performance is our motto. It is possible only
with staff involvement and efforts towards individual and banks development. “Adaptability is about the
powerful difference between adapting to cope and adapting to win”. Our achievements have proven that we
have the stamina and fortitude for this.
Looking ahead, we are focused on accelerating the execution of our growth strategy while continuing to build on
the strength of our brand—in helping our clients develop financially. I am incredibly excited about this journey
and truly believe the best of Banking Business is yet to come.
I would like to reiterate that “A staff member, who has good knowledge about the technology, product and
services, is an invaluable asset to the organization”.
Wish you all a prosperous, successful, fulfilling professional and personal life.
Cordially Yours
UMESH CHAND ASAWA
17
Significant Events of the Year
Sri Ramesh Kumar Bung, Chairman honouring Wiz kids, the young table tennis player Kum. Naina Jaiswal and child prodigy
master Agastya Jaiswal, who inaugurated stall of the Bank at 73rd All Industrial Exhibition, Hyderabad.
‘Banking Frontiers’ has presented the Bank with ‘Frontiers in Cooperative Banking Award-2012’ in ‘Best Alternate Channel
Project’. Sri Umesh Chand Asawa, MD & CEO receiving the award from Sri Ratnakar D, Ex-CGM, RBI in the presence of
Sri Satyanarayan Loya, Chairman, Marathwada Urban Banks Association and Sri Vilas Desai, Chairperson, Konkan Nagaric
Sahakari Banks’ Association at a function held at Lavasa, Pune, Maharashtra.
18
BANK CELEBRATES ‘INTERNATIONAL DAY OF COOPERATIVES’
Sri Sandeep Kumar Sultania, IAS, Commissioner for Cooperation and Registrar of Cooperative Societies, Govt. of A.P, Sri K.
Veera Reddy, President, APCOB, Sri Ramesh Kumar Bung, Chairman, Sri Umesh Chand Asawa, MD & CEO inaugurating
celebrations of ‘91st International Day of Cooperatives’ at Head Office.
Our Bank has conducted the celebrations of ‘91st
International Day of Cooperatives’ at its Head Office. Sri
Ramesh Kumar Bung, Chairman has presided over the
meeting convened on this occasion. Sri Sandeep Kumar
Sultania, IAS, Commissioner for Cooperation and
Registrar of Cooperative Societies, Govt. of A.P. and Sri K.
Veera Reddy, President, A.P. State Cooperative Bank Ltd.,
Hyderabad have graced the event as the honourable
guests. Sri Umesh Chand Asawa, MD & CEO, Sri V.S.
Sarma, General Manager and other dignitaries have
participated in the meet. The celebrations commenced
with lighting the lamp. The Chairman honoured the
guests in a traditional manner.
In his initial address, Sri Ramesh Kumar Bung stated that
the International Day of Cooperatives is an opportunity
to place the spotlight broadly on the role of cooperatives
in the social development process. In the backdrop of the
day’s theme ‘Cooperative Enterprise remains strong in
times of crisis’, the focus of the International Day should
be on the role of cooperatives building resilient societies
in times of economic, social and ecological disaster.
Cooperatives are making a difference in times of
financial, food and environmental crisis confronting
societies around the world. Financial cooperatives have
demonstrated their strength in a time when many
financial institutions are falling. Furthermore,
cooperatives have been recognized for their role in
sustainable development in the context of
environmental crisis. Cooperatives have also shown
their relevance in disaster situation, Sri Bung further
added.
Speaking on the occasion, Sri Veera Reddy said that the
cooperative movement has a long 109 years history. By
leading cooperative movement further, we should
st re n gt h e n t h e co o p e rat i ve st r u c t u re . T h e
recommendations of the Vaidyanathan Committee shall
be followed in letter and spirit. He commended Mahesh
Bank, which stood as No.1 Bank in the state. The Bank
has been continuously giving lucrative dividends every
year. Employees are striving hard for growth of the bank.
Sri Veera Reddy wished the bank to reach further heights
in the days to come.
Sri Sandeep Kumar Sultania avowed that these are global
level celebrations. Cooperatives have entered in every
field with involvement of 80 crore people across the
world. 50% in Finland, 25% in USA, are functioning in the
cooperative sector. 80% to 90% are involved in
cooperative milk production activity. There are 55%
retailers in cooperative field in Singapore. Most
developed countries adopted the cooperative
movement. However, much more exists in our state to
take the activity further in the path as it has got still
tremendous scope. Sri Sultania lauded the performance
of the Bank as it has remained strong in times of crisis.
The Bank is journeying in the solid path. The Bank has
shown the better way of cooperative management. Sri
Sultania advised that there must be investment in the
venture capital funds as well.
Sri Umesh Chand Asawa, MD & CEO, in the beginning,
introduced the guests to the gathering. He said that the
cooperatives are the best vehicles for economic growth
and pave the way for solidarity and world peace.
The celebrations ended up with vote of thanks.
“The greatness of a nation and its mortal progress can be judged by the way its animals are treated” – Mahatma Gandhi.
18
Significant Events of the Year
Dr. N. Krishna Mohan, Banking Ombudsman, RBI, Hyderabad inaugurating the refurbished M.G. Road, Secunderabad
Branch. Sri Ramesh Kumar Bung, Chairman flanked by the directors and MD & CEO.
Dr. Hariprasad Kanodia, President, Akhil Bharateey Marwadi Sammelan speaking during a meet arranged at Head Office.
With Sri Santosh Saraf, General Secretary, Sri Ramesh Kumar Bung, Sri Purshotamdas Mandhana, Sr. Vice Chairman,
Sri Ramprakash Bhandari, Vice Chairman and Sri Umesh Chand Asawa, MD & CEO are on the occasion.
Sri Ramesh Kumar Bung, Chairman paying tributes to Late Badrinarayanji Rathi, Former Chairman at a condolence
meeting held at the Bank along with Directors and MD & CEO on the occasion.
19
“The very fact that so many failures have finally turned into success implies that failures are not wrong”- Ramesh Kumar Bung.
MODIFICATION OF PERSONAL BEHAVIOUR
IS ESSENTIAL IN ONE’S CAREER
– Sri Ramesh Kumar Bung
Sri Ramesh Kumar Bung, Chairman being felicitated by Dr. S. Shyam Kumar, Programme Coordinator at ‘Personality
Development Programme for Officers’ conducted in the Institute of Cooperative Management, Rajendranagar,
Hyderabad. Sri P. Stanley, Dy. Director and the participants are in the photograph.
Officers of our Bank underwent a training programme on
personality development under the aegis of the Institute
of Cooperative Management (an institution of National
Council for Cooperative Training, New Delhi),
Rajendranagar, Hyderabad. The Programme is inaugurated
on 11th July, 2013 by Sri Ramesh Kumar Bung, Chairman,
Sri P. Stanley, Deputy Director, Dr. S. Shyam Kumar,
Programme Coordinator of ICM have participated in the
inaugural function.
Welcoming the chairman and the participants, Sri P.
Stanley stated that personality enrichment and
enhancement is required for every employee. Training
imparts knowledge where skill development is taught.
Sharpening of our etiquette tools on a daily basis is
needed. He thanked the chairman for having given an
opportunity to conduct the training programme in their
premises.
In his inaugural address Sri Ramesh Kumar Bung opined
that in addition to imparting training on banking subjects,
it is equally important to train the personnel in behavioural
sciences and personality development as well.
Behavioural aspects of an employee play a vital role in
extending and rendering effective service to the clientele.
A well behaved employee would be able to extend
courteous service across the counter to the satisfaction of
the customer. Customer relationship management and
effective marketing management depend upon
behavioural strategies of an employee, who has direct
contact with the clientele. These behavioural skills should
indeed be a part of every training programme as it paves
the way for moulding an employee into a perfect person
with good human relations, Sri Bung added.
The inaugural function was concluded with vote of thanks
proposed by Dr. Shyam Kumar, Programme Coordinator.
“Respect for one’s parents is the highest duty of civil life” – Ramesh Kumar Bung.
21
Significant Events of the Year
Sri Purshotamdas Mandhana, Sr. Vice Chairman greeting Sri Ramesh Kumar Bung, Chairman on his election as the
Managing Committee Member of FAPCCI. Directors on the Board, MD & CEO and other Executives in the felicitation event.
Sri Ramesh Kumar Bung, Chairman performing ‘Bhoomi Pooja’ for the proposed Corporate Office at Banjara Hills,
Hyderabad. Directors on the Board, MD & CEO present on the occasion.
Sri K.R.M. Kishore Kumar, IPS, Inspector General of Police, APSP Battalions, A.P. addressing gathering at our Head Office on
18th April, 2013. Sri Ramesh Kumar Bung, Chairman, Sri Umesh Chand Asawa, MD & CEO and senior officials of the bank in
the meeting.
22
“If you want to lift yourself up, lift up someone else”- Ramesh Kumar Bung.
ABNORMAL INCREASE OF POPULATION
IS A MATTER OF CONCERN
Sri Ramesh Kumar Bung, Chairman speaking on the occasion of ‘World Population Day’ convened at Head Office on 11th
July, 2013. Sri Purshotamdas Mandhana, Sr. Vice Chairman, Sri Umesh Chand Asawa, MD & CEO, Sri V.S. Sarma, General
Manager present on the occasion.
The Bank has conducted the World Population Day at its
Head Office on 11th July, 2013. A meeting convened on
this occasion was presided over by Sri Ramesh Kumar
Bung, Chairman. Sri Purshotamdas Mandhana, Senior Vice
Chairman, Sri Umesh Chand Asawa, MD & CEO, Sri V.S.
Sarma, General Manager and other executives and
officials have participated in the meeting.
While delivering his presidential address, Sri Ramesh
Kumar Bung said that World Population Day is an annual
event, observed on July 11 every year, which seeks to raise
awareness of global population issues. As the world
population has crossed 7 billion people from 2.5 billion in
1950, it has had profound implications for development. A
world of 7 billion is both a challenge and an opportunity
with implications on sustainability, urbanization, access to
health services and youth empowerment. In 1989, the
Governing Council of the United Nations Development
Programme recommended that, in order to focus
attention on the urgency and importance of population
issues in the context of overall development plans and
programmes and the need to find solutions for these
issues, 11 July should be observed by the international
community as World Population Day. About 16 million
girls under age 18 give birth each year. Another 3.2 million
undergo unsafe abortions. The vast majority – 90 per cent -
- of the minors in the developing world are married. But for
too many of these girls, pregnancy has little to do with
informed choice. Often it is a consequence of
discrimination, rights violations including child marriage,
inadequate education or sexual coercion. On 2013 World
Population Day, there is every need to raise awareness of
the issue of adolescent pregnancy in the hopes of
delivering a world where every pregnancy is wanted, every
childbirth is safe, and every young person’s potential is
fulfilled,Sri Bung further added.
Sri Umesh Chand Asawa, MD & CEO stated that
uncontrollable raise in population of the country is quite
alarming. Thomas Robert Malthus, in his Malthusian
Theory of Population, in 1798, had said that the population
would increase in geometrical progression whereas the
agricultural production is in arithmetical progression. In
1895, Edwin Cannon propounded Optimum theory of
Population, wherein he stated that man is not only a
consumer but is also a producer. Sri Asawa also said that
child marriages have to be banned very strictly and
measures like family planning should be implemented
meticulously.
The Day ended up with vote of thanks proposed by Sri V.S.
Sarma, General Manager.
“We must build a new world, a far better world”- Ramesh Kumar Bung.
23
Significant Events of the Year
Sri Ramesh Kumar Bung, Chairman hoisting the National
Flag on the occasion of 64th Republic Day Celebrations
held at Head Office. Sri Purshotamdas Mandhana, Sr. Vice
Chairman, Sri Chainsukh Kabra, Director and other
officials have participated in the function.
Sri Ramesh Kumar Bung, Chairman
greeting Dr. N. Krishna Mohan on his
assumption of charge as Banking
Ombudsman, Reserve Bank of India,
Hyderabad.
24
“Optimism is the faith that leads to achievement. Nothing can be done without hope and confidence”- Helen Keller.
BANK CONDUCTS SPORTS, GAMES AND
CULTURAL COMPETITIONS FOR STAFF
Sri Ramesh Kumar Bung, Chairman, Sri Umesh Chand Asawa, MD & CEO commencing Sports events at Victoria Play
Ground. General Manager, DGM, AGM on the occasion.
Bank has conducted competitions in sports, games and
songs among its staff members which started on 13th July
onwards. The events were inaugurated by the Chairman
Sri Ramesh Kumar Bung by lighting the lamp and
distribution of sport shirts and caps to the cricketers. Sri
Umesh Chand Asawa, MD & CEO, General Managers,
DGM, AGMs and all the players were present in the
inaugural session held at Staff College and Victoria
Playground.
In his inaugural address, Sri Ramesh Kumar Bung said that
the Bank has been encouraging various sports and games
and other cultural activities to instil enthusiasm among our
employees and their children for the past few years. Sports
and games play an important role in the development of
human personality. They are no less important than food
and fresh water. All the sports and games and cultural
activities certainly benefit both mind and body. They
create cheerfulness, discipline, fellowship, confidence and
physical fitness. The value of games is now being
increasingly recognized from personal, social, educational
and national points of view. Games and sports are
essential for the all round development of personality. It is
by playing games and sports that we can develop and
maintain our health, Sri Bung added.
Speaking on the occasion, Sri Umesh Chand Asawa stated
that games keep our body alert, active, youthful and
energetic. In activities involving games and sports, bloodcirculation increases and there is an increased supply of
oxygen. Only a healthy person can work long, hard and
cheerfully. An unhealthy person may not take as much
interest in work as a healthy one. Health can be maintained
by exercise alone. But games and sports have some
additional benefits as they are played in groups and in
healthy competitive spirit. Among many other things, they
help develop co-operation, quality of leadership, team
spirit and a willingness to submit to, and further, the rule of
law. Games instil in the players the spirit of self-reliance,
justice, fair play and sporting spirit. They make people
bold, adventurous, social, disciplined and more conscious
of their responsibilities towards society and nation.
Players have been found better equipped to fight
superstitions, communalism, obscurantism and narrow
approach to issues of national interest. Games also help in
overcoming the sense of violence, arrogance and
superiority as these are purged by providing them
sufficient outlet. A sports person may not lose his or her
temper and morale even in the face of defeat because
he/she would take it sportively, calmly and then would try
to perform better the next time. Players know that victory
and defeat are the two aspects of the same coin. There is
more joy in playing than in its end result, Sri Asawa further
said.
“The ego constantly competes with the spirit for control over your inner voice”- Ramesh Kumar Bung.
25
Sports Day Celebrations
Sri Ramesh Kumar Bung, Chairman commencing the cricket match. Sri Umesh Chand Asawa, MD & CEO, DGM, AGM and
the players at the event.
Sri Ramesh Kumar Bung, Chairman, Sri J.V.S. Chetty, GM, Sri A. Masthan Reddy, DGM and Sri Ajeet Kumar Varma, AGM
playing the carroms on Sports Day.
Sri Ramesh Kumar Bung, Chairman, Sri J.V.S. Chetty, GM, Sri A. Masthan Reddy, DGM, Sri Ajeet Kumar Varma, AGM
observing the chess competition events on the Sports Day.
26
“Scepticism is the beginning of faith”- Oscar Wilde.
Sports Day Celebrations
Sri Ramesh Kumar Bung, Chairman inaugurating singing competition conducted among staff at Staff Training College.
Sri V.S.Sarma, Sri J.V.S. Chetty, General Managers, Sri Ajeet Kumar Varma, AGM and the competitors are in the photograph.
POPULATION BLAST
The population of the world has literally surpassed 720 crores
and marching ahead towards 8 billion. Adding to the existing
people, every year 2 lakh new persons are born every day
worldwide. Taking into cognizance the alarming increase of the
population and inadequacy of the present natural resources,
the UNO has identified the danger and to cause awareness
among the public and declared in 1989 that July 11th of every
year as the World Population Day. The reason for this is on 11th
July 1987 the world population reached 500 crores.
As a result, all the countries are conducting 11th July as the
World Population Day every year. Every year a theme is
selected connected to various topics on population and its
repercussions. This year the theme is ‘Adolescent Pregnancy’.
UNO has decided to concentrate upon this issue this year and
to initiate corrective steps by all the nations. We look into
certain interesting salient features:
• In the developed and advanced countries, 19 minor girls
among 100 are conceiving before their attainment of 18
years of age. In this adolescent stage, the girls do not possess
any knowledge about pregnancy and its results.
• Every year, worldwide, 1.6 Crore females below the age of 18
years are giving birth to children. Among these, 32 lakh
women are undergoing abortions.
• From 1999, within mere 12 years gap, 100 Crore
population is added to the existing ones. With this, by 2011
end, world population reached the figure of 700 Crore. By the
year 2030, population of India will be surpassing that of
China.
• In one health survey conducted by National Family Welfare
department, it is revealed that 47% of the females who are
becoming pregnant are between 15 to18 years age.
• In our country, the population of youth ranging from 15 to 25
years of age occupies the majority. The economists feel that
this is a healthy indication in economic terms.
-Ramesh Kumar Bung
“Nothing in life is to be feared. It is only to be understood”- Ramesh Kumar Bung.
27
Significant Events of the Year
Sri Ramesh Kumar Bung, Chairman, handing over certificates of merit to the participants in ‘2013 Feathers Contest’
conducted by our Bank and Max Life Insurance Company Ltd., at a function held at Head Office.
Sri Ramesh Kumar Bung, Chairman, Dr. S. Mohan Raj, Professor, English and Foreign Languages University, Hyderabad at
inaugural function of the training programme on ‘Communication Skills’ held at our Staff Training College, Hyderabad.
28
“Unarmed truth and unconditional love will have the final word in reality” - Ramesh Kumar Bung.
STAND AS AN EXAMPLE
Life is to know what to gain and what to lose. As per
commerce terminology, wealth is of two types: Tangible
Assets and Intangible Assets. You can calculate the value
of the former. It decreases when you go on giving it to
others. The valuable things like money and gold are called
Tangible assets. The second comprises love, affection,
goodwill, respect, good memories, cordial relations and
others. We give these to our children, life partner and
others. Value of this goes on increasing when you part
with this asset. This is also wealth. You cannot measure
value of this in terms of money.
Money alone is not wealth. The opulence includes
conduct and wisdom. Lord Krishna proclaims in BhagavadGita about fearlessness, pure heart and non-violence. This
non-violence is taught by Krishna in the battlefield! He
also preaches generosity, lack of anger, sacrifice,
tenderness, patience, cleanliness and humility as the
wealth of a human being.
Very recently, a book is released revealing how to increase
our wealth. Its name is: WHAT THEY DON’T TEACH AT
HARWARD BUSINESS SCHOOL (written by MC Cormack).
The writer of the book enlisted ten principles to increase
our wealth. They are: Neither underestimate or
overestimate the value of money, there are very few
friends in the business, never hesitate to disclose your
ignorance, speak very less in business transactions, keep
up your promise how small it is, be careful in bargaining,
give more value for quality of work, be friendly with your
colleagues and pass on the success to your subordinates.
These are like ‘ten commandments’ in mercantile
transactions. Did you observe how near are these with the
principles averred by Lord Krishna?
John D Rockefeller (1839-1937), the richest man in the
world had written a few words in his diary on the occasion
of his 86th birthday: “I enjoy my work and games alike. My
life is a pleasant holiday. Every day I leave the turmoil of
yesterday on the way in the path of my life”.
Rockefeller started his life as a small clerk. His mother was
a god fearing lady. She was a disciplined woman. His father
was an irascible person and a sadist. Rockefeller had learnt
first lesson of his life from the conduct and behaviour of
his parents. He always used to say, ‘Never feel for the thing
which is unavailable; increase your existing possessions’.
He came out from several financial ordeals and has grown
as the biggest billionaire. Certain elements assisted him
for his growth: Never bother about unnecessary criticism,
never feel despair or disappointed, don’t feel about the
failures you countenance.
His life is an exemplary example for all.
V. S. SARMA
General Manager
TEST FOR HUMANITY
A soldier, on his way home, made a phone call to his
parents. “War is concluded. I am coming home. But I have
a small wish”, said he. “What is that, my son”, asked his
father. “If you have no objection, I will be bringing my
friend along with me. He has nobody to look after him”,
said the soldier. “Sure, bring him” replied his parents.
“But…. His both legs and hands were severed in the war.
We only have to take care of him. He is a very intimate
friend of mine”, revealed the son.
After a gap of long silence, his father stated quietly: “My
dear son, don’t you agree that it is a heavy burden upon all
of us? You do not know how difficult it is to serve a
handicapped person throughout his life”. Later, his
mother took the receiver from her husband and spoke:
“Your friend will search his way out on his own. If we go on
serving all such persons, only a physical labour will
remain; we do not gain any thing”.
The son disconnected the telephone. After some time,
army officials brought his dead body and handed over it to
his parents. The soldier son did not die in the battle. He
committed suicide. His parents observed that he did not
have both his hands and legs.
V. Jyothi
HO:PAD
“That some achieve great success is proof to all that others can achieve it as well”- Abraham Lincoln.
29
Significant Events of the Year
Sri Ramesh Kumar Bung, Chairman, Dr. M.K. Narasimham, Additional Registrar and Managing Director, A.P. State
Cooperative Union, Hyderabad at the inaugural session of a training programme conducted for the promotee officers,
held at our Staff Training College. Sri Umesh Chand Asawa, MD & CEO and the participants in the photograph.
Sri M. Sebastian, Chief General Manager & Banking Ombudsman, RBI, Hyderabad addressing the Branch Managers at our
Head Office. Sri Ramesh Kumar Bung, Chairman, honouring the guest on his transfer to Mumbai. Sri Umesh Chand Asawa,
MD & CEO and the branch managers present in the meeting.
30
“The first and most important step towards success is the feeling that we can succeed”- Nelson Boswell.
VARIOUS TYPES OF BANKER’S CUSTOMERS
A banking institution solicits deposits from the members of
the public. An account in a bank for this purpose may be
opened by any person who (i) is legally capable of entering
into a valid contract, (ii) applies to the banker in the proper
manner, i.e., he follows the procedure laid down by the
banker, and (iii) accepts the terms and conditions stipulated
by the latter. The banker, however, possesses the right to
reject an application for opening an account if he is not
satisfied with the identity of the applicants, i.e., if the latter is
deemed to be an undesirable person. Some persons like the
minors, lunatics and drunkards are not competent to enter
into valid contracts. Some persons who act on behalf of
others have limited powers to contract e.g., the agents,
trustees, executors, etc., Institutions like schools, colleges,
clubs, societies and corporate bodies are the impersonal
customers of a banker. The authority, powers and functions
of the persons managing these institutions are embodied in
their respective constitution. The banker should, therefore,
take special care and precautions in accordance with the
provisions of their respective charters. Let us discuss the
legal position of the special cases of a bank’s customers and
the necessary precautions that a prudent banker should take
while dealing with them.
attainment of majority, the account of the minor in the
name of the guardian should be closed and the balance
paid to the minor (then major) or be transferred to a
new account in his/her own name. In case of joint
account the minor is also permitted to operate the
account and his signature is taken on the opening form.
3.
If the father of the Hindu minor dies, his mother
becomes his natural guardian. After the death of the
mother, during the minority of the boy, there is either
testamentary guardian or the guardian appointed by
the Court. The bank may return the money to such
guardian.
4.
In case the minor dies, the balance in the account is
permitted to be withdrawn by the guardian and in
case of joint account, the balance will be held at the
absolute disposal of the guardian.
5.
No risk is involved if an account is opened in the name
of a minor so long as the account is not overdrawn by
the minor. But if an overdraft or advance is granted to a
minor, even by mistake or unintentionally, the banker
has no legal remedy to recover the amount from the
minor. The assets of a minor pledged with the banker as
security for the advance taken by the minor are not
legally available to the banker because such pledge
itself is invalid. The banker shall have to return these
securities to the minor and he cannot exercise his right
of sale in case of default by the minor.
6.
If an advance is granted to a minor on the guarantee
of a third party, such advance cannot be recovered
from the guarantor also because the contract of
guarantee is invalid on the ground that the contract
between the creditor and the principal debtor (minor)
itself is a void contract. According to Section 128 of the
Indian Contract Act, 1872, the liability of the surety is
coextensive with that of the the principal debtor, unless
it is otherwise provided by the contract. The surety,
therefore, cannot be held liable on a guarantee given
for default by a minor. According to the law, a minor
cannot enter into a valid contract and he cannot
undertake a liability upon himself. Thus he cannot
default. Surety’s liability is a secondary one and does
not arise, if the liability of the primary debtor does not
arise. The liability of a surety is ancillary. It materialises
if there is a valid obligation on the part of the debtor
whose debt or obligation is guaranteed. But if a minor
enters into an agreement by representing himself as
major and later on claims such a contract as void on
account of minority at the time of entering into
contract, the minor must restore the benefit derived
MINOR
A person who has not completed 18 years of age is a minor. If
a guardian of his person or property is appointed by the
Court before he completes 18th year, he remains minor till
he completes his 21st year. According to the Indian Contract
Act, 1872, a minor is not capable of entering into a valid
contract and a contract entered into by a minor is void. A
contract for the supply of necessities of life to a minor is,
however, a valid contract. In case of all other contracts, a
minor may repudiate his promise of consent. A banker
should, therefore, be very careful in dealing with a minor and
take the following precautions:
1.
The Banker may open a Savings Bank account in the
name of the minor in any of the following ways:
(i)
In the name of the minor, to be operated upon
by the natural guardian of the minor or the
guardian appointed by the Court. Such accounts
can also be opened in the joint names of two or
more minors, to be operated upon by the
guardian.
(ii) In the name of the minor, to be operated upon
by himself, if he has attained the age of 14 years.
Two such minors can jointly open such an account,
to be operated by them jointly.
2.
The Bank records the date of birth of the minor as
given by the minor or his/her guardian. On the
“To accomplish great things, we must not only act, but also dream, not only plan, but also believe”- Anatole France.
31
Significant Events of the Year
Sri Bhaskara Chary, Joint Registrar & Dist. Cooperative Officer, R.R. Dist., Sri Ramesh Kumar Bung, Chairman, Sri Umesh
Chand Asawa, MD &CEO inaugurating the training sessions held for accountants at STC.
Sri Ramesh Kumar Bung, Chairman bidding farewell and felicitating Sri A. Bhaskara Rao, DGM, UBD,RBI, Hyderabad on his
retirement. Sri Umesh Chand Asawa, MD & CEO and other Executives present on the occasion.
32
“Most important things in the world have been accomplished by people who have kept on trying when there seemed to be no help at all”- Dale Carrnegie
VARIOUS TYPES OF BANKER’S CUSTOMERS
by him under the agreement.
7.
8.
9.
A minor may draw, endorse or negotiate a cheque or a
bill but he cannot be held liable on such cheque or bill.
He cannot be sued in respect of a bill accepted by him
during his minority. Such bill or cheque, nevertheless
will be a valid instrument and all other parties will be
liable in their respective capacities (Section 26 of the
Negotiable Instruments Act, 1881). The banker should,
therefore, be very cautious in dealing with a negotiable
instrument, to which a minor is a party.
A minor can be admitted to the benefit of partnership
with the consent of all the partners but he will not be
liable for the losses or debts of the firm. Within 6
months after he attains majority, he should repudiate
his liability as partner otherwise be held liable as a
partner of the firm from the date he was admitted to
the benefit of the partnership in terms of Section 30(7)
(a) of the Indian Partnership Act, 1932.
A minor may be appointed as an agent to act on behalf
of his principal. According to Section 184 of the Indian
Contract Act, 1872, “as between the principal and third
person, any person may become an agent; But no
person who is not of the age of majority and of sound
mind can be appointed as an agent, so as to be
responsible to his principal”. Thus a minor agent cannot
be held responsible to his principal. The principal may
be held responsible to the third parties in respect of the
acts of his minor agent. Therefore, all dealings with the
banker will be valid and binding on his principal. The
banker should obtain written authority of the principal
specifying the power and extent of authority entrusted
to the agent in this regard & should see that the minor agent does not deal beyond such delegated powers.
10. Legal Provisions regarding Guardianship of a Minor:
The guardian of a minor may be either (i) a natural
guardian or (ii) a testamentary guardian or (iii) a
guardian appointed by the Court. The first two types of
guardians are governed by the Hindu Minority and
Guardianship Act, 1956, whereas a guardian is
appointed by a Court under the Guardians and Wards
Act, 1890.
(i)
Natural Guardian: According to Section 6 of the
Hindu Minority and Guardianship Act, 1956, in
case of a minor boy or an unmarried girl, his/her
father and after him the mother shall be the
natural guardian. In case of a married girl (minor),
her husband shall be the natural guardian. The
terms of father or mother does not include stepfather or step-mother. If the father becomes a
sanyasi or does not remain Hindu, he shall not be
entitled to remain as guardian. If the father is alive
and is not removed from guardianship, the
mother does not become the natural guardian of
the minor child.
(ii) Testamentary Guardian: A Hindu father, who is
entitled to act as the natural guardian of his minor
legitimate children may, by will, appoint a
guardian for any of them in respect of the minor’s
person or property. Such guardian acts after the
death of the father or the mother.
(iii) Guardian appointed by Court: A guardian may be
appointed by the Court under the Guardians and
Wards Act, 1890, but the Court shall not be
authorised to appoint or declare a guardian of the
person of a minor, if his father is alive and is not, in
the opinion of the Court, unfit to be guardian of
the person of a minor. Similar is the case with the
minor girl, whose husband is not, in the opinion of
the Court, unfit to be the guardian of her person.
Thus the father (or the husband in case of a
married girl) is exclusively entitled to be the
guardian. The welfare of the minor shall be a
paramount consideration of the court while
appointing a guardian.
11. Mother as Natural Guardian: The Supreme Court has
held that the mother can also act as natural guardian of
a Hindu minor even during the lifetime of the father. In
all situations where the father is not in actual charge of
the affairs of the minor either because of his
indifference or because of an agreement between him
and the mother of the minor (written or oral) and the
minor is in the exclusive care and custody of the mother
or, the father for any other reason is unable to take care
of the minor because of his physical or mental
incapacity, the mother can act as natural guardian of
the minor. Reserve Bank has advised the banks to allow
opening of minor’s accounts (fixed, saving and
recurring deposits) with mother as natural guardian.
Thus banks are permitted to open accounts of minors in
the guardianship of the mother, even if the father of the
minor is alive.
Dharmender Kumar
Champapet Branch
[To be continued in next issues]
“Take pride in how far you have come. Have faith in how far you can go”- Ramesh Kumar Bung.
33
Significant Events of the Year
Sri Ramesh Kumar Bung, Chairman greeting Sri Mukesh Kumar Meena, IAS on his assumption of charge as Collector and
District Magistrate, Hyderabad.
Sri Ramesh Kumar Bung, Chairman presiding over ‘Doctor’s Day Celebrations held at Head Office. Padma Shri Dr. Dasari
Prasada Rao, Dr. Pankaj Vinod Jariwala, Chairman and Consultant Interventional Cardiologist respectively of Indo-US
Super Speciality Hospital, Dr. Subhash Kaul, Professor & Head of the Department of Neurology, NIMS being honoured by
the Chairman at the event.
34
“Experience is the mother of wisdom” - Ramesh Kumar Bung.
“EVERY MOMENT IS MEANT FOR LEARNING”
- Prof. B.T. Seetha
Sri Ramesh Kumar Bung, Chairman and Prof. Smt. B.T. Seetha, Principal, Osmania University College for Women
inaugurating the ‘Communication and Spoken English’ sessions at Staff Training College. Photograph shows the guest
lecture of Smt. Seetha, and felicitation of the guest by the Chairman, Sri V.S. Sarma, GM, faculty and the participants.
Our Bank has commenced a weeklong session for staff on
“Spoken English and Communications skills” at Staff
Training College , Begum Bazar, Hyderabad . Prof. Smt. B.T.
Seetha, Principal, Osmania University College for women
has graced the occasion as the Chief Guest. Sri Ramesh
Kumar Bung, Chairman and Smt. Seetha have inaugurated
the sessions by lighting the lamp. The Chairman has
felicitated the guest in a traditional way. Sri V.S. Sarma,
General Manager and the Principal of the college were
present on the occasion.
In his presidential address, Sri Ramesh Kumar Bung stated
that English today has become a global language. It is one
of the most spoken, written and conversed languages in
the world. Knowledge of English today has become a
compulsion because it’s an international means of
communication and is required in every field, be it science
and technology, entertainment and others. A basic
knowledge of English is a requirement of persons who deal
with the customers as it is the way to reach to a large
number of people residing in different parts of the globe.
Learning to write in English has a lot to do with other things
also. English is a universal language and thus a person
knowing it is at advantage in many ways. They won’t be in
need of a translator and can at least roam in a country with
one common language to converse in, irrespective of them
not knowing the language of that country. It is an added
advantage when one goes for higher studies, jobs or any
opportunities in the fast growing world and economy. It
helps connect better with different cultures and people.
Most of the work done in business world is in English. For
example: the e-mails, agreements, important documents,
etc. all are in English. Most of the software whether it in
computers, laptops, tablets or cell phones are in English
and thus knowing the language is good. It is a relatively
easy language to learn, speak and write. The importance of
the English language cannot be overemphasized. Comfort
with English is almost a prerequisite for success in the
world today. Regardless of the industry, proficiency in
English is an important factor in all walks of life. Keeping
this in view, Mahesh Bank has contemplated to impart
training to the staff members upon communication skills
and spoken English in a phased manner. Sri Bung advised
all the participants to take advantage of the sessions and
improve their speaking and writing skills.
Prof. Smt. B.T. Seetha said that she is overwhelmed by the
reception extended by the Bank. Language is a mode and
means of communication. A well spoken language gives
fragrance of flowers. Speaking is special for human beings.
Language depends upon cultural situations. The day we
stop learning, there is no meaning in our living. People
those are good at communication are successful in their
lives. However, knowledge is a pebble on the seashore.
Smt. Seetha lauded the Bank for having commenced
courses on communication and language.
In the beginning, Sr V.S. Sarma welcomed the guest and
the participants. The inaugural session was concluded
with vote of thanks proposed by the Principal of the
College.
“Experience is the extract of suffering”- Arthur Helps.
35
Significant Events of the Year
Sri Ramesh Kumar Bung, Chairman honouring Sri S. Karuppa Samy, Executive Director, RBI, Mumbai, Sri A. Udgata, Chief
General Manager, UBD, RBI, Sri A. Bhaskara Rao, DGM, UBD, RBI at Head Office.
Sri Ramesh Kumar Bung, Chairman performing ‘Ganesh Pooja’ at Begum Bazar Branch. Sri Purshotamdas Mandhana, Sr.
Vice Chairman, Sri Ramprakash Bhandari, Vice Chairman, Sri Rampal Attal, Sri Laxminarayan Rathi, Director Sri Umesh
Chnad Asawa, MD & CEO and staff members present on the occasion.
Sri Kasu Venkata Krishna Reddy, Hon’ble
Minister for Co-operation complimenting Sri
Ramesh Kumar Bung, Chairman for receiving
the award for bank’s in-house communiqué
“HAMARA PRAYAS” from NCUI, New Delhi.
36
“The eyes believe themselves; the ears believe other people”- Ramesh Kumar Bung.
MY NEST
dmgm§{g OrUm©{Z `Wm {dhm`, Zdm{Z J¥†m{V Zamoanam{U Ÿ&
VWm earam{U {dhm` OrUm{©Z AÝ`m{Z g`§m{V Zdm{Z Xhor Ÿ&&
As a person puts on new garments, giving up old one, the
soul similarly accepts new material bodies, giving up the
old and obsolete ones. [Bhagavad-Gita 2-22]
A tear rolled down my cheeks as my hands went to remove
the wall clock from the living room. With all material
packed in boxes we were ready to shift into our new nest.
Everything could fit in different boxes and sacks, but none
of us had an idea how to pack the memories. Every wall
and corner had so many silent stories – the door from
which my brother came running holding his first salary in
hand; the bed room where I fell down and laughed
endlessly; the wash basin having multiple hands in the
running water; the fights during afternoon siesta when for
the first time an A/C was fitted in a room, the wobbling
chair with old song in the background, the steps on which
mother’s warm hand oiled my hair, the fragrance of my
temple, the high lofts where supposedly the ghosts stayed.
A past full of little victories and joy, packed with crazy
jumps in the backyard, filled with exaggerated dance in the
corridor …. How could all this be packed? I smiled … we are
busy living without knowing we are weaving memories for
tomorrow.
The ups and downs all flashed themselves in the mind. As I
sat, lost amidst the heavy cartons with a marker pen to
label the sealed boxes, I chose only to replay the good
memories.
The excitement to shift in a bigger house was tossed with a
ting of sadness missing the old one. The last step in this one
will be the first step elsewhere. The present will become
the past, what is ‘now’ will become ‘then’. As something
leaves something so much more will come. A today will
become tomorrow. It is just our emotions that describe
what our world means to us. A few days down the line may
be laughing with my group of friends as I pass this lane, I
would point out to them and say, ‘hey this is where I used
to stay’.
The new house will become my home, with new corners
and walls, with new events and fresh memories, with new
surprises and discoveries. It is just a question of time and
everything will be the way it was meant to be. Love will
seamlessly flow in the rooms again; once again the entire
family will run to see the first bud turning into a rose. Once
again new dolls and glitters will cover the windows; the
clothes will get their place.
It is so beautiful to know where I invest my emotions
eventually becomes mine and where I stop my emotions to
flow will eventually fade off. The more and more I think of
anything or the more and more I invest my time into
something, the more and more it becomes a part of me. If I
allow my heart to keep playing memories of a painful past,
I will be a slave to it; I will miss creating new ones. Whereas,
when I replay the good ones, life will be an eternal
celebration. Everything around us is the way it is or the way
it is suppose to be, it is our emotional attachment that
decides what it means to us.
Along with the last box as I sat in the car, the cement
structure glimpsed at me, just like an old teacher looking at
her child. Wiping out the tears, I whispered a deep ‘thank
you’ and with a smile told my driver, ‘Let us go ahead’.
G. Amarnath
HO : PDS
WHOM DO YOU ABANDON?
Among the Eskimos, there was an old tradition, where the
youngest in the family would have to handover a loaf of
bread to his father or mother, who reaches the age of
seventy five. He, then, has to take them into the deepest
forest amidst the snowy hills and leave them there to die in
hunger and desolation or be devoured by the wild animals.
A young Eskimo once handed over a loaf of bread to his
aged mother and led her into the forest. They walked into
the forest in silence, when the boy reached the deepest
part of the forest and was about to bid farewell to his
mother, she said: “….. My precious son, I know why you
have brought me here, but I am concerned about you. It is
getting dark and I fear you may lose your way back. So, all
along the way, I dropped pieces of bread that you gave me,
so that you may return home safely…….”.
Looking at his mother’s face and hearing those words of
love, he wept profusely and hugged his mother saying……
“Mummy, I am taking you back home. I cannot abandon or
desert you for all the love that you have shown me over the
years….”. The boy returned with his mother and told
everyone what had happened urging people that never
again parents should be abandoned.
We should respect our parents and should not separate
from them till last breath.
- Lalitha Ladda, Siddiamber Bazar Branch
“We make our fortunes and we call them fate” – Benjamin Disraeli.
37
Significant Events of the Year
Sri Ramesh Kumar Bung, Chairman performing Deepawali Laxmi Pooja at our Begum Bazar Branch. Board of Directors and
MD & CEO participating in the worship.
Sri P. Jaipal, Asst. Commissioner of Police, Abids Division, Hyderabad and Sri Ramesh Kumar Bung, Chairman inaugurating
the ‘Cool Watershed’ installed by the Bank.
38
“Fame is the perfume of heroic deeds”- Socrates.
HEART TELLS TRUTH
Thieves are tested with lie-detectors to find out the
truth. Once a thief was caught by the police. He does
not believe in such machines. It is very difficult to
extract facts from such persons. Police have asked
him like this: “How many times were you married?”
The thief replied: “One”. Immediately the liedetector has indicated that he did not reveal truth.
Thief was astonished.
Police asked him the second question: “Father of
your wife is also a plunderer. Isn’t it?” The thief
replied: “I do not know”. The machine has at once
shown that he is lying again. The robber was
flabbergasted. The series of questions went on. After
ten such questions, the thief came to know that it
was impossible for him to hide truth in front of that
machine. Finally he confessed his crime.
In fact, the machine used by the Police was not a liedetector. Before examining the thief, they met his
wife and asked her some questions to solicit the
required information. This way they used the trick
and made the thief to admit the crime committed by
him.
When we start telling lies, we become mentally
weak. This leads the way to commit more mistakes.
Gopal Kishan Dev Sharma
HO : Clearing
Sri Rajkumar, Deputy Mayor, Greater Hyderabad, Sri Ramesh Kumar Bung, Chairman distributing free note books to the
needy students of Virajanand Vignana Kendra, Kavadiguda, Hyderabad. Photo shows Sri V. Anjaneyulu, Correspondent of
the Institute, and the beneficiary students.
“Fortune favours the bold”- Virgil.
39
Significant Events of the Year
Sri Umesh Chand Asawa, MD & CEO receiving ‘Third Leading Contributor’ Award in terms
of transactions in promoting IMPS as a fund transfer service from Dr. K. Ramakrishnan,
Chief Executive, IBA at Mumbai. Sri M. Balachandran, Chairman of the Management
Committee of NPCI, Sri A.P. Hota, CEO and Sri Ram Rastogi, Head-IMPS, NPCI present on
the occasion.
Dr. D. Sreenivasulu, IAS, Principal Secretary, Agricultural Marketing and Co-operative
Department, Govt. of A.P. is being greeted by Sri Ramesh Kumar Bung, Chairman on
assumption of charge by the former.
40
“Fear always springs from ignorance”- R.W. Emerson.
BHARAT GOURAV SRI JODHRAJ LADDHA
VISITS THE BANK
Sri Ramesh Kumar Bung, Chairman felicitating Sri Jodhraj Laddha, President, Akhil Bharat Varsheey Maheshwari
Mahasabha, on his visit to our Head Office. Directors on the Board, MD & CEO at the event.
Sri Jodhraj Laddha, President, Akhil Bharat Varsheeya
Maheshwari Maha Sabha has visited our Bank during his
trip to Hyderabad. On this occasion, a meeting was
convened. Sri Ramesh Kumar Bung, Chairman presided
over the meeting. Sri Purshotamdas Mandhana, Sr. Vice
Chairman, other Directors on the Board, Sri Umesh Chand
Asawa, MD & CEO, General Managers, DGM, AGMs and
other officials have participated in the gathering.
Chairman has felicitated Sri Jodhraj Laddha and his wife
befittingly.
Speaking on the occasion, Sri Ramesh Kumar Bung said
that Sri Laddha is a very soft natured personality and a
straight forward man. He observed Sri Laddha during the
election campaign as a very soft, plain and mild person. Sri
Laddha is associated with innumerable organizations of
national repute in various capacities. These organizations
are dedicated, devoted and committed to social welfare
activities and service to mankind. Sri Laddha is
contributing his mite to these mighty institutions and
striving hard in the direction of serving the needy in
different arenas. Sri Bung, on this occasion has narrated
about the social welfare measures undertaken by the
Bank.
While thanking for the honour extended by the Bank, Sri
Jodhraj Laddha stated that Mahesh Bank occupies an
important position in cooperative banking fraternity and is
a well known cooperative bank in the country. He
showered encomiums upon the achievement of progress
of the bank and extolled its functioning. Branch expansion
should continue. He assured of his cooperation on his
personal behalf and on behalf of the Samaj as well. The
Samaj is strengthened with the election of Sri Ramesh
Kumar Bung as the Treasurer, Sri Laddha concluded.
In the beginning, Sri Umesh Chand Asawa, MD & CEO gave
brief introduction about the Chief Guest and welcomed
the directors and others to the meeting. He said that it is
heartening to note that Sri Laddha, at the age of 76 has
been elected as the President of the Maha Sabha on 30th
June of this year.
The programme ended up with vote of thanks proposed by
Sri Purshotamdas Mandhana, Sr. Vice Chairman.
“Friends are not made; They are recognized” - Ramesh Kumar Bung.
41
ATTACHMENT AND DUTY
Any ray of hope there might have been of a peaceful
settlement when Krishna went to Hastinapura was
extinguished when he returned and narrated what
happened. Kunti was overwhelmed with grief when she
learnt that it was to be war to the death. “How can I”,
reflected Kunti, “give my thoughts tongue and say to my
sons, ‘Bear the insults. Let us not ask for any territory and
let us avoid war?’ How can my sons accept what is contrary
to Kshatriya tradition?” “At the same time”, thought she,
“What can be gained by mutual killings in the war and what
happiness attained after the destruction of the race? How
shall I face this dilemma?” Thus was she tormented by the
prospect of wholesale destruction on the one hand and
the claims of Kshatriya honour on the other.
“How can my sons defeat the mighty three combined,
Bhishma, Drona and Karna? They are warriors who have
never yet met a defeat. When I think of them, my mind
trembles. I do not worry about the others. These three are
only people in the Kaurava army capable of fighting the
Pandavas with any hope of slaying them. Of these,
Dronacharya might refrain from killing my children from
either love or unwillingness to meet one’s own disciples in
battle. The grandsire will certainly not want to kill them.
But Karna is the chief enemy of the Pandavas. He is anxious
to please Duryodhana by killing my sons. Karna is a great
man-at-arms. As I think of him engaged in battle against
my other sons, my heart is consumed with agony like a
faggot in the fire. Now is the time for me to seek Karna out
and tell him the truth about his birth, on knowing which,
he is bound to abandon Duryodhana’s cause”.
Tormented by these anxious thoughts about her children,
Kunti went to the banks of the Ganga where Karna usually
offered his daily prayers. Karna was there at his devotions.
Facing east and with uplifted hands he was in deep
meditations. Kunti quietly stood behind him and waited.
Karna was unmindful of everything until he felt the hot rays
of the sun on his back. His prayers over, Karna looked back
to find Kunti standing behind him and holding the hem of
his upper garment over her head to shield it from the
burning sun. That Pandu’s queen and the mother of the
Pandava princes should be there, waiting patiently for him
to finish his prayers, filled him with great confusion and
amazement.
“The son of Radha and the chariot-driver Adhiratha bows
to you. I am at your service. What can I do for you, O
queen?” asked Karna, according to the established forms
of respectful address. “Karna”, said Kuntidevi, “you are not
Radha’s son, nor is the charioteer your father. So not think
42
that you are a man of chariot-driver’s caste. You are Surya’s
son born out of the womb of Pritha of royal blood,
otherwise known as Kunti. May good fortune attend you!”
She then narrated the story of his birth. “You who were
born in full panoply with armour and golden earrings”, said
Kunti, “not knowing that the Pandavas are your brothers,
have joined Duryodhana and have come to hate them. To
live in dependence on Dhritarashtra’s sons, does not befit
you. Join Arjuna and be one of the kings of the realm. May
you and Arjuna put down the wicked! The whole world will
be at your feet. Your fame will reach far and wide, like that
of the brothers Balarama and Krishna. Surrounded by your
five brothers, your effulgence will be like that of Brahma
among the gods. In perplexing situations, one must do
what gives satisfaction to loving parents. This is the highest
dharma according to our scriptures”.
When his mother spoke thus to him at the end of his
devotions to the sun, Karna felt a sign in his heart that the
Sun god endorsed Kunti’s request, but he checked himself
and took it to mean that the Sun god was testing his loyalty
and strength of mind. He should not be found wanting.
With an effort of the will, he controlled alike the
temptations of self-interest and the promptings of natural
affection. He said sadly but firmly: “What you have said,
dear mother, is contrary to dharma. If I swerve from the
path of duty, I shall have done myself much more hurt than
any that an enemy might inflict on me in the battle field.
You deprived me of all that was my birthright as a Kshatriya
when you threw me, a helpless babe, into the river; and
now, you talk to me of my duties as a Kshatriya. You denied
me the motherly love which blesses all life and now,
thinking of your other children’s good, you tell me this
story. If I now join the Pandavas, will not the world
proclaim that I have done so out of fear? I have eaten the
salt of Dhritarashtra’s sons, won their confidence as their
champion and enjoyed all the consideration and kindness
they showed me; and now you want me – when the battle
is about to be joined – to be untrue to my salt and go over
to the Pandavas. The sons of Dhritarashtra look on me as
the ark which will enable them to cross the deluge of war. I
have myself urged them into this war. How can I now
desert them? Could there be blacker treachery and baser
ingratitude? What in life, or beyond it, would be worth a
price like that? Mother dear, I must discharge my debt –
aye, with life, if necessary: otherwise, I shall be no better
than a common thief purloining my food all these years. I
shall surely use all my powers against your sons in this
coming war. I cannot deceive you. Please forgive me”.
“Freedom is the oxygen of the soul”- Moshe Dayan.
“But yet”, continued he, “I cannot have my mother plead
completely in vain. Part with Arjuna to me. Either he or I
must die in this war. I will not kill your other sons, whatever
they may do unto me. Mother of warrior sons, you will still
have five sons. Either I or Arjuna will survive this war, or
with the other four sons, you will still have five”. When
Kunti heard her first – born speak thus firmly, adhering to
the Kshatriya code, her heart was full of tumultuous and
contrary feelings and, without trusting herself to speak,
she embraced him and departed silently. “Who can go
against what has been ordained?”She thought. “He has, at
least, offered not to harm four of my sons. That is enough.
May God bless him”, and she returned home.
A. Masthan Reddy
Deputy General Manager.
Employees cannot claim VRS
benefit as a matter of right:
Supreme Court
The Supreme Court has ruled that employees can't
claim voluntary retirement scheme (VRS) benefit as
a matter of right. A bench headed by Chief Justice
Altamas Kabir said that the decision-taking power
lies only with the employer firm. The exception will
be only in cases where the scheme itself provides
for retirement to take effect when the notice
period comes to an end. The observation came in a
verdict relating to the termination of C V Francis, a
Kerala resident from Steel Authority of India at
Bokaro in Jharkhand.
READER’S DIGEST
Respected Sir,
Dear Sri Ramesh Kumar Bung,
I have received HAMARA PRAYAS , the In-house
communiqué of your bank and on going through it, I found
it very interesting and at the same time very useful. Please
keep me on your mailing list.
I have been reading HAMARA PRAYAS since long. I always
have interest in the first page as I admire your thoughts
which have inspired me throughout.
Yours truly
Yours faithfully,
V.M. Narkar, MD & CEO
T.N. Lakhani
The Goa Urban Cooperative Bank Ltd., Panaji – Goa.
Chief Executive Officer, The Seva Vikas Cooperative Bank
Ltd., Pimpri, Pune: 411 017
Honourable Sri Ramesh Kumar Bung,
Thanks. I have been receiving your HAMARA PRAYAS. It is
very useful, informative and educative to banking staff. My
best wishes to all Mahesh Bank family. Thanks again for
sending me HAMARA PRAYAS.
Dear Sir,
At the outset, I convey my wishes to the editorial staff for
contributing a banking knowledge updation to readers
under ‘Banking Awareness’ in your in-house communiqué
on a regular basis.
Bijay .K. Dash, Principal
Agricultural Cooperative Staff Training Institution,
With regards,
Orissa State Cooperative Bank.
Shivaji Darekar
Chief Executive Officer, Rukmini Sahakari Bank Ltd.,
Pandharpur, Dist: Solapur (Maharashtra).
“One loyal friend is worth ten thousand relatives”- Euripides.
43
THE TOP 30 BANKS IN THE WORLD
(Figures as on 31-03-2013)
S.No.
Bank’s Name
Country
City
Tier I Capital
01.
02.
03.
04.
05.
06.
07.
08.
09.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
Industrial and Commercial Bank of China
J P Morgan Chase & Co.,
Bank of America
HSBC Holdings
China Construction Bank Corporation
Citi Group
Mitsubishi UFJ Financial Group
Wells Fargo & Co.,
Bank of China
Agricultural Bank of China
BNP Paribus
Royal Bank of Scotland
Credit Agricore
Banco Santander
Barclays
Sumitomo Mitsui Financial Group
Mizuho Financial Group
Lloyds Banking Group
Goldman Sachs
Deutsche Bank
Unicredit
Groupe BPCE
Bank of Communications
Morgan Stanley
Norin Chukin Bank
ING Bank
Rabo Bank Group [A Cooperative Bank]
Societe Generale
Intesa Sanpaolo
Credit Suisse Group
China
USA
USA
UK
China
USA
Japan
USA
China
China
France
UK
France
Spain
UK
Japan
Japan
UK
USA
Germany
Italy
France
China
USA
Japan
Netherlands
Netherlands
France
Italy
Switzerland
Beijing
New York
Charlotte
London
Beijing
New York
Tokyo
San Francisco
Beijing
Beijing
Paris
Edinburgh
Mont rouge
Madrid
London
Tokyo
Tokyo
London
New York
Frankfurt
Milano
Paris
Shanghai
New York
Tokyo
Amsterdam
Utrecht
Paris
Torino
Zurich
160645.95
160002.00
155461.14
151048.00
137600.40
136532.00
129575.97
126607.00
121504.13
111493.32
99222.96
88156.94
81354.88
81259.89
80109.62
78902.37
74955.52
67435.33
66977.00
66600.26
64469.66
61354.88
57613.43
54360.00
52192.95
52084.43
50675.46
50259.89
47510.55
47485.55
(In Million Dollars)
Assets
(In Million Dollars)
2788905.72
2359141.00
2212004.45
2692528.00
2221435.29
1864660.00
2709401.51
1422968.00
2015996.03
2105618.76
2516213.72
2069865.93
2649277.04
1674979.98
2350664.04
1718045.06
2049810.08
1458283.91
938770.00
2654787.60
1222726.91
1513879.95
838375.04
780960.00
941615.34
1102992.08
992625.33
1649994.72
888485.49
1007938.93
TYPES OF PHOBIA
Hobophobia: Fear of beggars.
Hodophobia: Fear of road travel.
Homichlophobia: Fear of fog.
Hominophobia: Fear of men.
Homophobia: Fear of sameness, monotony.
Hoplophobia: Fear of firearms.
Hormephobia: Fear of shock.
Hyelophobia: Fear of glass.
Hygrophobia: Fear of liquids, dampness or moisture.
44
Hylephobia: Fear of materialism.
Hylophobia: Fear of forests.
Hynophobia: Fear of sleep or of being hypnotized.
Hypegiaphobia: Fear of responsibility.
Hypetrichophobia: Fear of hair.
Hypsiphobia: Fear of height.
P. Venkata Devasena
Guntur Branch
“Have no friends not equal to yourself” – Confucius.
BANKING AWARENESS
01. In which case audit of company accounts is required?
INSPIRATIONS FROM NATURE
02. What is the classification of assets?
03. As per classification of Bank, what does Current Asset
mean?
04. What do you mean by Current Liability?
05. How Net worth of a unit is calculated?
06. What is net working capital?
07. How Current Ratio is calculated?
08. How Quick Ratio is calculated?
09. What is measured by Inventory Turnover Ratio?
10. What is the other name for Quick Ratio?
11. How Inventory turnover is measured?
12. What does Debtors Velocity Ratio indicate?
13. What debt equity ratio measures?
Nature, the storehouse of all ideas and the mother of
all inspirational resources, has inspired poets,
painters, musicians and even scientists for centuries.
The beauty, the wisdom and the ingenuity that
inspired these distinguished people to create
masterpieces is available to each one of us too.
14. How Debt/Equity is computed?
15. How Debt Service Coverage Ratio is calculated?
16. What does Funds Flow Statement indicate?
17. If there is diversion of short term funds to long term
funds, where does it result in?
18. Current Ratio of a unit is 2 : 1. Other Current Liability is
50. Current Asset is 400. What is the bank borrowing?
19. The Net Working Capital of a Unit is Rs. 50 lakhs. The
unit discounts bills for Rs. 2 lakhs against Nil margin.
What will be NWC?
20. Whether contingent liabilities form part of balance
sheet?
21. While computing 25% margin on total current assets
for assessing MPBF, should we exclude export
receivables?
22. Whether term loan instalment payable in the ensuing
year is taken as current liability for the purpose of
arriving at MPBF?
23. Whether margin for LC limit is classified as noncurrent asset while analysing a balance sheet?
[ Answers on Page No: 48 ]
In the course of a river, in the life cycle of a butterfly
and even in a tiny seed …. Nature has messages of
inspiration. The birth of a plant is one such inspiring
event – the root and shoot of a germinating seed exert
considerable force to burst open the seed coat and
break through the hard ground to begin its life. Each
time a tiny seedling pushes its way through the soil,
the inspiration nature sends us is that ‘roots of success
are formed through hard work’.
One of the most inspiring phenomenon in nature is
the transformation of a caterpillar to a butterfly.
Through the transformation and the metamorphosis
of a tiny insect that once crawled to a brilliantly
coloured creature that can fly, nature gently unfolds
the message: ‘Good things come to those who wait’
and inspires us to persevere.
Each time a seed drives its way through the soil in
order to survive, each time a wiggly caterpillar
transforms itself into a beautiful butterfly, nature is
inspiring you to excel. The next time you want to be
inspired, all you have to do is to look deeper into the
natural world and hear the secret messages nature
sends.
Santhosh Dayama
Head Office
“No man ever yet became great by imitation”- Samuel Johnson.
45
MODERN ETIQUETTE: MOBILE MANNERS
FOR CELL-PHONE USERS
Cell-phones are ubiquitous and research shows that
although most users think they have good mobile
manners, many people report being irritated or annoyed
by the use of the phones in public places.
Clearly there's a lack of understanding of what is and isn't
acceptable in terms of cell phone etiquette.
Do respect those who are with you. When you're engaged
face-to-face with others, either in a meeting or a
conversation, give them your complete and undivided
attention. Avoid texting or taking calls. If a call is important,
apologize and ask permission before accepting it.
Don't yell. The average person talks three times louder on
a cell phone than they do in a face-to-face conversation.
Always be mindful of your volume.
Do be a good dining companion. No one wants to be a
captive audience to a third-party cell phone conversation,
or to sit in silence while their dining companion texts with
someone. Always silence and store your phone before
being seated. Never put your cell phone on the table.
Don't ignore universal quiet zones such as the theatre,
church, the library, your daughter's dance recital and
funerals.
Do let voicemail do its job. When you're in the company of
others, let voicemail handle non-urgent calls.
Don't make wait staff wait. Whether it's your turn in line
or time to order at the table, always make yourself
available to the server. Making servers and other patrons
wait for you to finish a personal phone call is never
acceptable. If the call is important, step away from the
table or get out of line.
Don't text and drive. There is no message that is so
important.
Do keep arguments under wraps. Nobody can hear the
person on the other end. All they are aware of is a onesided screaming match a few feet away.
Don't forget to filter your language. A rule of thumb: If you
wouldn't walk through a busy public place with a particular
word or comment printed on your T-shirt, don't use it in
cell phone conversations.
Do respect the personal space of others. When you must
use your phone in public, try to keep at least 10 feet (three
meters) between you and others.
Do exercise good international calling behaviour. The
rules of cell phone etiquette vary from country to country.
Good cell phone etiquette is similar to common courtesy.
Conversations and text exchanges have a tendency to
distract people from what's happening in front of them.
Cell phone users should be thoughtful, courteous and
respect the people around them.
G. Vaibhavi
Head Office
22 BANKS SLAPPED WITH A FINE
The Reserve Bank of India has imposed monetary penalties on 22 banks for violating Customer Identification
Rules and Anti- Money Laundering.
S.No.
46
Name of the Bank
PENALTY AMOUNT
[ RUPEES IN CRORES]
S.No.
Name of the Bank
PENALTY AMOUNT
[ RUPEES IN CRORES]
01
Andhra Bank
2.50
12
Kotak Mahindra Bank
02
Bank of Baroda
3.00
13
Oriental Bank of Commerce
1.501
2.00
03
Bank of India
3.00
14
Punjab & Sind Bank
2.50
04
Canara Bank
3.001
15
Punjab National Bank
2.50
05
Central Bank of India
3.00
16
State Bank of India
3.00
06
Deutsche Bank A.G.
1.00
17
The Federal Bank
3.00
07
Development Credit Bank
1.00
18
The Lakshmi Vilas Bank
2.50
08
Dhanalaxmi Bank
2.00
19
The Ratnakar Bank
0.50
09
Indian Overseas Bank
3.00
20
United Bank of India
2.50
10
ING Vysya Bank
1.50
21
Vijaya Bank
2.00
11
Jammu & Kashmir Bank
2.501
22
Yes Bank
2.00
“Just remember – when you think all is lost, the future remains”- Ramesh Kumar Bung.
WORLD WIDE AND NATION WIDE IMPORTANT DAYS
DATE
DAY
DATE
DAY
January 1
New Year Day
January 9
Pravasi Bharateey Diwas
January 10
World Laughter Day
January 12
National youth Day
January 15
Army Day
January 25
India Tourism Day
January 26
Republic Day
January 30
Martyrs Day
February 14
Valentine’s Day
February 28
National Science Day
March 3
National Defence Day
March 4
National Security Day
March 8
International Women’s Day
March 15
World Consumer Day
March 16
National Vaccination Day
March 21
World Forestry Day
March 22
World Day of water
March 24
World TB Day
April 7
World Health Day
April 18
World Heritage Day
April 22
World Earth Day
April 23
World Books Day
May 1
International Labour Day
May 3
International Energy Day
May 8
International Red Cross Day
May 11
National Technology Day
May 15
International Family Day
May 17
World Telcom Day
May 31
World No Tobacco Day
June 5
World Environment Day
July 1
Doctor’s Day
July 11
World Population Day
July 26
Kargil Victory Day
August 6
Hiroshima Day
August 9
Quit India Movement Day
August 12
International youth Day
August 15
Independence Day
August 19
World Photography Day
August 20
Sadbhavana Diwas
August 29
Sports Day
August 30
Small Industries Day
September 5
Teacher’s Day
September 7
Forgiveness Day
September 8
International Literacy Day
September 14
Hindi Day, World First Aid Day
September 16
World Ozone Day
September 21
International Day of Peace
September 25
Social Justice Day
September 27
World Tourism Day
October 2
International Day of Non-violence
October 3
World Nature Day
October 4
World Animal Day
October 6
World Food Security Day
October 8
Indian Air Force Day
October 9
World Postal Day
October 10
World Mental Health Day
October 17
International Poverty Day
October 20
National Solidarity Day
October 30
World Thrift Day
October 31
National Integration Day
November 7
World Cancer Awareness Day
November 9
Legal Service Day
November 10
Transport Day
November 14
Children’s Day/World Diabetics Day
November 26
Law Day
December 1
World AIDS Day
December 3
World Disability Day
December 4
Navy Day
December 10
Human Rights Day
December 14
National Energy Conservation Day
December 23
Kisan Diwas (Farmer’s Day)
“Habit, if not resisted, soon becomes necessity”- St. Augustine.
47
ELECTRONIC CLEARING CHEQUES
POST DATED – EMI
In terms of Notification No: RBI/2013-14/158- DPSS. CO.
CHD. No./209/04.07.05/2013-14 dated July 24, 2013, In
respect of ‘Migration of Post-dated cheques
(PDC)/Equated Monthly Instalment (EMI) Cheques to
Electronic Clearing Service (Debit)’ the Reserve Bank of
India has stated as follows:
format) shall be accepted in locations where the
facility of ECS/RECS (Debit) is available. The
existing PDCs/EMI cheques in such locations
may be converted into ECS/RECS (Debit) by
obtaining fresh ECS (Debit) mandates.
b.
As indicated in the circular DPSS. CO. PD.No.
497/02.12.004/2011-12 dated September 21,
2011, Section 25 of the Payment and Settlement
Systems Act, 2007 accords the same rights and
remedies to the payee (beneficiary) against
dishonour of electronic funds transfer
instructions under insufficiency of funds as are
available under Section 138 of the Negotiable
Instruments Act, 1881. Considering the
protection available, there is no need for banks
to take additional cheques, if any, from
customers in addition to ECS (Debit) mandates.
c.
Cheques complying with CTS-2010 standard
formats shall alone be obtained in locations,
where the facility of ECS/RECS is not available.
Adverting to RBI circular DPSS.CO. CHD. No. 1622/ 04. 07.
05 / 2012-13 dated March 18, 2013 wherein all lending
banks have been advised not to accept any fresh Post
Dated Cheques (PDC)/Equated Monthly Instalment (EMI)
cheques in locations where the facility of ECS/RECS (Debit)
is available and convert existing cheques in such locations
into ECS/RECS (Debit) by obtaining fresh mandates.
2.
3.
However, instances of banks obtaining fresh cheques
(both CTS-2010 and non CTS-2010 standard) in
locations where the facility of ECS/RECS is available
have been brought to notice of RBI, thus
necessitating a reiteration of earlier instructions in
this regard.
Accordingly, banks are advised to adhere to the
following instructions with immediate effect:
a.
No fresh/additional Post Dated Cheques
(PDC)/Equated Monthly Instalment (EMI)
cheques (either in old format or new CTS-2010
4.
The above instructions are issued under section 18 of
the Payment and Settlement Systems Act 2007 (Act
51 of 2007).
ANSWERS
01. All the Companies incorporated under the
Companies Act, 1956.
02. Current Assets, Fixed Assets, Other Non-Current
Assets and Intangible Assets.
03. Those assets which are part of the operating activity
and can be converted into cash within one year
during one operating cycle.
04. All liabilities due for payment within a period of 12
months from the date of balance sheet.
48
10. Acid Test Ratio.
11. Cost of goods sold / Average inventory.
12. Average Credit extended by borrower.
13. Long term solvency of the unit.
14. Long Term Liability / TNW = Total DER
15. Net Profit After Tax + Depreciation + Interest on Term
Loans + Other Non- Cash Expenses
Interest on Term Loan + Instalment of Term Loan
05. Capital + Free Reserves.
16. Sources and uses of funds.
06. Current Assets minus Current Liabilities or Long Term
Sources minus Long Term uses.
17. Reduction in NWC and reduction in Current Ratio.
18. 150.
07. Current Assets / Current Liabilities.
19. Will have no effect on NWC.
08. Current Assets – Inventory / Current Liabilities
excluding Bank Borrowings.
20. NO.
09. The velocity with which the inventory moves through
the business.
22. Yes.
21. Yes.
23. Yes.
“Great minds have a purpose; others have wishes”- Ramesh Kumar Bung.
LEXICON OF BANKING
Cause of action: 1. A set of facts that are sufficient to prove
that one has the right to sue to obtain money, property or
the right to them against another party. 2. Legal right of the
owner of the money or property to claim ownership in the
case of eventualities.
Caution money: Money deposited in advance to be used
for repairs and replacements in the case of loss.
Caveat: A notice or warning.
Caveat Emptor: ‘Let the buyer be aware’ – a warning
declaring that the buyer is responsible for the quality of
the things he has bought.
CBS Branch: A branch of a bank equipped with computers
backed by Core Banking Solutions (Application) capable of
handling the entire business of the bank.
Core Banking Solutions: Making use of computers with
proper programmes and internet to handle core banking
business under which all branches of a bank are
interconnected giving an opportunity to an account holder
to transact through any one of the branches.
CCTV (Close Circuit Television): A small network of
television installed within a building or a public place to
view, observe and record the happenings (from safety
point of view).
CD (Compact Disc): A small disc in which digital
information can be copied and stored.
CD – ROM: Compact Disc Read Only Memory.
Ceiling Rate: Maximum rate.
Central Depository Services (India) Ltd.(CDSL): A
depository promoted by Bombay Stock Exchange jointly
with a few prominent banks to render depository services
by holding securities in electronic form called demat
accounts, thus eliminating paper based securities.
Central Registry: Registry set up under SARFAESI Act for
registration of transactions of securitisation and
reconstruction of financial assets and creation of security
interest within 30 days of creation and also modification
and satisfaction of security interest if already registered.
CEO: Chief Executive Officer, the top most executive in
charge of running day to day administration.
Certificate of Commencement of Business: Certificate
issued to commence business under Companies Act, 1956
to a new public limited company by the Registrar of
Companies, as soon as all formalities of incorporation are
complete.
Certificate of Deposit (CD): A transferable bank deposit
that can be disposed of in an open market as a money
market instrument.
Certificate of Incorporation: 1. Certificate issued by the
Registrar of Companies of the state testifying that the
company is legally formed. 2. A virtual birth certificate of a
limited liability company.
Certificate of Origin: A certificate declaring the name of
the place and country from which goods are manufactured
and shipped.
Certificate of Recovery: Certificate issued by the Presiding
Officer of Debt Recovery Tribunal (DRT) basing on the
order of the Tribunal for the recovery of debt specified, a
copy of which will be passed on to the Recovery Officer of
DRT to recover the Debt.
Cess: Fees collected by an authority.
Chairperson of the Appellate Tribunal: ‘The one and only
Judge’ of the Appellate Tribunal under DRT appointed by
the Central Government to dispose of the appeals.
LET THERE BE NO ‘FREE LUNCH’
•
Legendary living is in identifying a cause on which you
are willing to invest your every breath …. To the very
last breath.
actualise or maximise his potential.
•
Anyone can be one among the crowd. The joy of living
life is in standing above the crowd, and in walking a
different path. It is a choice you have to make.
•
You make history when you have a cause that seems
larger than your own life.
•
•
Walk the path everybody walks, and you will reach
the destination everybody reaches. Walk a different
path and you will create a different destination for
yourself.
The proof of the process is in the results it produces.
Process without results is a mere activity.
•
If you cannot run ahead of others, then dare to run
completely in a different direction with the belief that
one day this world will follow you.
•
Let there be ‘No free lunch’. Let there be no
undeserving charity.
Ajeet Kumar Varma
•
Anything at the cost of the other does not help man to
Asst. General Manager
“ Haste makes waste”- John Heywood.
49
EMOTIONAL CONTROL
After beseeching for a long time, Janaki has agreed at last
to allow her daughter 12 year old Sowmya to send to her
friend’s house and be there overnight. Though she had
accepted with great difficulty, she was out of moods from
the moment her daughter left for her friend’s house to
spend with her for one night. Sowmya assured her that she
would make a call as soon she reached her friend’s
residence. Sowmya had forgotten totally to telephone her
mother as she was fully engrossed in chitchatting with her
friend. After all, she was a child of 12 years age. Initially,
grief and affliction started in the heart of Janaki as received
no phone so far. As the day passed, the calamity has turned
into great anxiety. Sorrow clamped over her by the time it
was becoming dark. By midnight, her helplessness
changed into intolerable anger.
At that juncture, the telephone rang. Janaki lifted the
phone with great irritation and shouted furiously: “You
promised that you would call me the moment you reach
your friend’s house. Did you think that your mother died?”
The tone from other side asked very innocently: “Is it not
the Government hospital?” Janaki’s wrath crossed the
coastal threshold and she kept the receiver with big sound
on the cradle.
After five minutes, the telephone rang again. With lot of
irritation, she lifted the phone and said, ‘hello’. The voice
enquired: “Is it not the Government hospital?” “No, this is
not; how many times I have to reply you?” answered Janaki
with top of her voice. The boy replied: “You have not told
me yet, madam”. She told firmly but with some sort of
guilty consciousness: “Now I am telling, you know, you
disconnect the phone”. “Madam, I have been in search of
blood bottle for my mother. Nowhere I have found the
blood group of my mother in spite of enquiring
everywhere since long. My father is in the hospital
attending my ailing mother. I have to convey this message
to my daddy. How to tell him?” asked the boy with
dejection.
Anger of Janaki was subsided at once. She felt that her
entire body cooled down suddenly. Now she was angry
upon herself. She felt ashamed. She had pulled the
telephone directory towards her and spoke to the boy with
choked voice: “One minute, my child, I will just tell you the
correct number of Government Hospital”.
FLY IN THE EAR
It is quite natural to be agitated, perturbed,
discomposed, anxious and distracted whenever we
countenance any problem. This applies from Lord
Brahma to Barrack Obama, from Sonia Gandhi to Sonali
Bindre as well. However, it depends upon our wisdom
how soon we come out of those alarmed situations. How
to get rid of such distraction and the way to search a
correct way to escape from perturbability was narrated
in detail in his book called ‘How to get your point across
in 30 seconds’ written by Mile O Frank. He described an
incident took place in his life in this book saying about his
experiences that how difficult it is to come out of certain
perils.
“One day, I was entangled in a very big problem. When I
came out of my room with lot of irritation, sat in my car
and wanted to start it, I saw a housefly inside my car. It
was making a very loud noise and was trying to go out of
the glass of the car window. My annoyance and
impatience was exacerbated. I bent to the side and
lowered down the side glass. When I bent towards the
fly, it went to my back and started again its tumult in front
of the rear window glass. I opened even that window.
Finally, all windows were open. But the fly remained in
the car only.
This time it was trying to come out from front glass. It was
hitting the glass with its full strength and falling back.
Again and again the fly is going towards the front glass,
hitting it and falling down. This time I started watching it
and sat silently. Had the fly observed the ways to escape
which were on the four sides of the car, it would have
gone out. But, it is attempting in its own method.
I now understood why all these days I could not find
solutions to my problems. We all continue to do work
striving very hard. In spite of our hard work, we do not
achieve desired results. We get frustrated. We will be
under bewilderment. We get depressed thinking that
when all other people are very comfortable why we are
not getting results for our hard work. We either stop
doing our work or commit mistakes under disgust.
At this stage we require mental stability. What is the
difference between a winner and a loser? The loser
continues to run with a high speed. The winner marches
ahead verifying whether the way is proper or not. What
is required is approach not the high speed.
[HARD WORD – SMART WORK – 1986]
Y. Uma Prasanna
Ramanthapur Branch.
50
Sheela Jaiswal
Monda Market.
“Happiness is belonging, not belongings”- Elizab4eth Harvey.
LIFE IS PRECIOUS
But how to make the most of your life?
Here are some wise tips on how to make the most of your time
on earth.
11. Take care of your body. Health and fitness has an effect
on every aspect of your life.
1.
Follow your passion and you can create a life you can be
proud of. The formula is really simple: find what makes
you useful and happy.
12. Have a plan and actively work it to how you can make the
most of your time.
2.
Help others, love fully, judge less, and take care of your
body and your mind
3.
Help your family and make sure they are okay. Love your
family. They are the people who really matter.
4.
Heal, if you need to be healed, forgive if you need to
forgive, and learn to love if you want to be loved. That is
your lesson.
5.
Strive for a healthier, more purposeful life to get to the
bones of existence.
13. Stretch yourself now and then. You may have more
resources than you know.
14. Care for the sick, injured, and infirm. Love, love, love, and
when you’re afraid you have nothing left, love some
more!
15. Put your unique talents, skills and insights to use by
helping others.
16. Give friendly advice or share some knowledge to help
someone along their path. It can make a world of
difference.
17. Don’t worry about what others have to say about how
you live your life.
6.
Face and accept pain and hurt, and to act in spite of fear.
7.
Use your own sense of self to look at others without
judgment, see them with clear eyes and exercise
compassion.
18. Lower your expectations; it makes life less complicated,
allowing you to enjoy it to the fullest.
8.
Whatever your passions and dreams are – live them
now!
19. When you feel confused, look up at the sky and feel the
spaciousness of all things.
9.
Live every moment like it’s your last.
20. Set goals and plan – but be flexible and resilient if your
plans don’t work out.
10. Take risk and chances because later in life you’ll look
back and know that you lived your life like you wanted to,
and that it was all worth it.
N.S. N. Murthy
HO: IT
WHY PAN?
PAN, or permanent account number, is a unique 10-digit
alphanumeric identity allotted to each taxpayer by the Income
Tax Department under the supervision of the Central Board of
Direct Taxes. It also serves as an identity proof. PAN is
mandatory for financial transactions such as receiving taxable
salary or professional fees, sale or purchase of assets above
specified limits, buy mutual funds and more.
(a) Sale or purchase of any immovable property valued at five
lakh rupees or more
(b) Sale or purchase of a motor vehicle or vehicle, [the sale or
purchase of a motor vehicle or vehicle does not include two
wheeled vehicles, inclusive of any detachable side-car
having an extra wheel, attached to the motor vehicle]
(c) A time deposit, exceeding fifty thousand rupees, with a
banking company
(d) A deposit, exceeding fifty thousand rupees, in any account
with Post Office Savings Bank;
(e) A contract of a value exceeding one lakh rupees for sale or
purchase of securities;
(f) Opening a bank account
(g) Making an application for installation of a telephone
connection (including a cellular telephone connection)
(h) Payment to hotels and restaurants against their bills for an
amount exceeding twenty-five thousand rupees at any
one time
(i) Payment in cash for purchase of bank drafts or pay orders
or banker’s cheques for an amount aggregating fifty
thousand rupees or more during any one day;
(j) Deposit in cash aggregating fifty thousand rupees or more
with a bank during any one day;
(k) Payment in cash in connection with travel to any foreign
country of an amount exceeding twenty-five thousand
rupees at any one time.
- P. Raja Rao, F & A
"Don't judge people; you never know what kind of battle they are fighting"-Ramesh Kumar Bung
51
OBSERVE TWO DIFFERENT LIFE STYLES
52
“It is more blessed to give than to receive”- The Bible.
FINANCIAL
PROGRESS OF THE BANK
(` in Crores)
2009
2010
2011
2012
2013
Business
1018.76
1243.10
1513.19
1913.63
2005.84
Deposits
639.94
785.85
907.58
1160.43
1274.66
Advances
378.82
457.25
605.61
753.20
731.18
Profit Before Tax
16.29
19.33
21.58
24.03
28.14
Profit After Tax
11.67
13.94
15.02
17.54
20.49
Working Funds
778.98
938.66
1075.69
1357.37
1517.57
Members Funds
115.02
126.13
144.01
166.37
189.80
2.30
2.72
3.22
3.65
3.54
Interest Earned
78.10
95.32
105.10
134.23
167.14
Interest Expended
42.82
55.91
55.07
78.42
100.18
Total Income
80.45
97.65
107.75
137.87
171.38
Per Employee Business
GROWTH
(ANNUALISED PERCENTAGE)
Business
20.97
22.02
21.73
26.46
4.82
Deposits
24.07
22.80
15.49
27.86
9.84
Advances
16.07
20.70
32.45
24.37
-2.92
Profit Before Tax
11.80
18.66
11.64
11.35
17.10
Profit After Tax
17.52
19.46
7.75
16.78
16.82
Working Funds
21.02
20.50
14.60
26.19
11.80
Members Funds
8.34
9.67
14.18
15.53
14.08
Per Employee Business
22.34
18.26
18.38
13.35
-3.01
Interest Earned
22.24
22.05
10.26
27.72
24.52
Total Income
20.40
21.38
10.34
27.95
24.31
VITAL RATIOS
(ANNUALISED PERCENTAGE)
CRAR
31.70
28.35
22.11
22.00
24.69
CD Ratio
59.20
58.19
66.73
64.91
57.36
2.84
2.56
2.56
2.58
3.57
0
0
0
0
0
Low Cost Deposits
22.91
21.23
22.20
19.93
20.05
Interest exp. to Int. Income
54.82
58.66
52.40
58.42
59.94
Operating exp. to Total Income 25.07
22.38
22.86
20.09
20.39
1.48
1.39
1.29
1.25
Gross NPA
Net NPA
Return on Assests
1.49
Loan/OD against Property
MAHESH BANK
IMPS
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SERVICES
(Immediate Mobile Payment Service)
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phone to accept
debit & credit card
payments anywhere
Is an instant fund
transfer facility
through your
mobile phone
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Anywhere
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PRINTED MATTER
BOOK-POST
Printed and published by Smt. Ranjana Sharma on behalf of
The A.P. Mahesh Co-operative Urban Bank Ltd.,
Head Office : III Floor, 5-3-989, Sherza Estate, N.S. Road,
Hyderabad : 500 095 (A.P.) INDIA
Tel.: 040 2461 5296 / 99, 2343 7100 - 7103 & 7105,
Fax : 040 2461 6427
E-mail: [email protected]
Website: www.apmaheshbank.com
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