Text of letter issued by Central Bank Officer's Association Andhra Pradesh to it members

Text of letter issued by Central Bank Officer's

 Association Andhra  Pradesh  to it members 

appealing them to sincerely work for betterment 

of their organisation--

This is really praiseworthy  and commendable. 

Every bank staff must follow the advice to improve

 the health of the organisation they are serving.

CBOA-AP CIRCULAR NO. 027 DATED 

26TH JULY 2013

CBOA-AP issued its circular No. 027 dated 
26^th July 2013 appealing to Centralites 
to rededicate for the cause of the bank.
 We are placing a copy of the same here 
for our readers..

CIRCULAR NO.: GS: 2013: 027                                          
 Date: 26.07.2013

TO ALL OFFICERS                                                    
PLEASE CIRCULATE

Dear Friends,

IT’S TIME TO REPOSITION OURSELVES 
AND
 REDEDICATE FOR THE CAUSE OF THE BANK

By now all of you must be aware of the 
quarterly financial results declared by our bank. 
Though overall growth in deposits, 
advances and other parameters is satisfactory,
 heavy dip in the net profit certainly raises
 the alarm bells. Whatever may be the size 
of the business or growth thereof, ultimately profitability is 
the sole factor which decides the fate of any organisation 
and its workforce. We cannot remain aloof from this fact 
and our facilities, benefits etc. would have a bearing with this aspect.

Bank’s net profit for the quarter ending June 2013 is at a meager
 Rs.22.00 crores vis-à-vis Rs.336 crores of June 2012 recording 
a steep fall. You are aware that the profit levels have come down 
mainly due to increase in Gross NPA and the resultant provisions. 
Gross NPA increased from 4.87% to 6.03% for the quarter 
June 2013 on y-o-y basis. Similarly Net NPA increased 
from 3.22% to 3.85%. Both are at the highest levels in the industry.

We firmly believe in the principle of “NATION FIRST, ORGANISATION
 NEXT AND THE INDIVIDUAL LAST”. When the organisation is 
passing through difficult times albeit in the back drop of slowing 
economy, the need of the hour for the individuals is
 repositioning ourselves and rededicating for the cause of our
 esteemed bank with the aim of increasing the profitability and
 also reaching our golden goal of 500000 crore business. 
We certainly owe to this institution if we consider the fact 
that whatever we have today be it the dignity, social status
 etc. all have been only due to this great institution.

As our prospects are intertwined and interlinked with the
 prospects of the bank and its profitability, we appeal to all
 the CENTRALITES in general and the OFFICERS’ COMMUNITY
 in particular to put extra efforts in curbing the slippages and 
speed up the recovery of NPAs.

History tells us as to how CENTRALITES raised to the 
occasion in the past whenever required and came out 
victoriously. We are sure that this time also, all will raise
 to the occasion and respond to the need of the hour 
i.e.RECOVERY and come out victoriously.

Be that as it may, as a responsible trade union organisation,
 on behalf of Central Bank Officers’ Association, we once again
 appeal all of you to put wholehearted efforts for overall business
 improvement of the bank and with specific attention on 
recovery of NPAs with a sense of belongingness so that 

we will not only reach our golden goal of 500000 crore
 business but also attain comparable profit figures of peer banks.

Yours sincerely,

Sd/- 

(C.A. MALLIKARJUNA RAO)                     

GENERAL SECRETARY       

“RECOVERY” IS THE NEED OF THE HOUR

LET US DO IT WITH SENSE OF BELONGING