Budget Proposes Ways To Kill Banks

Budget Proposal 2014 :--The Narendra Modi government will ask banks to open 200 million accounts in a year from this Independence Day.

The Sampoorn Vittiya Samaveshan Mission aims not just to open bank accounts but to provide people access to other financial services like insurance and pension.Rs 5,000: Instant overdraft for account holders completing a financial literacy programme

Some Important Links on the same issue are given below

As per provisions made in the budget and guidelines to be issued from Government of India ,Public sector banks  will have to open 20 crore accounts  and each account would be sanctioned an overdraft of Rs. 5000.00 without any discreet inquiry about credit history of the account holder cum borrower.

This way, it is quite clear that Public sector banks would end up lending Rs. 100000.00 crores (one lac crore ) to account holders and these forced borrowers will be without any credit history. Moreover, as the accounts of different PSBs are not linked, there is every possibility of account holders opening accounts in different banks and thus getting overdraft from that banks as well.

Its also reported that department of financial services has already budgeted for defaults. Government of India may subsidise banks to some extent but may not stop promotion of bad culture in lending. It will wondering in dreamland if banker or for that matter GOI expect recovery of such loans which will be considered by poor account openers as charity from GOI , not loan from bank.

 Against the above backdrop , it is my question why RBI and IBA do not come in defence of PSBs and protest against any such move which will ultimately result in creation of fresh NPAs for which all the onus will be passed on the bankers for no fault of theirs. Not only this, this year , GOI has tis year suggested a limit of Rs.5000 for all individuals , next year they may ask for increasing the overdraft limit from Rs.5000 to Rs.10000 or Rs.25000 and even more for political advantage. Poor villagers will take it a gift from GOI but banks will suffer the real loss and ultimately bank staff will suffer .

Banks are usually advised to disburse loans as Charity by organising Loan camps and when these loans become bad, same government suggest for waiver of loan or settle these bad loans by offering heavy discounts. All these acts contribute in not only escalation of bad debts but kills the repayment culture and promote bribery culture in bank staff . It is therefore desirable to name these banks as public sector Charity Bank.

Its not hidden from any one that bankers are not legally equipped to recover loans from those whose property is charged in favour of banks, the how come the banks would be able to recover an overdraft given without any credit history and security?

When Bank Management find it difficult to recover the recalcitrant borrowers and wilful defaulters even if they do possess prime and collateral security, how these poor bankers will be in a position to recover small defaulters of Rs.5000/ who have nothing to repay. Obviously such plan as mooted out in above paragraph will prove to be death bell for already ailing banks. GOI may extend some financial help this year or later, but the cannot modify the bad culture they have created and are thus creating in banks to add fuel to fire.

 Isn't it really ironical that bankers are being denied a respectable rise in salaries because of huge NPAs and simultaneously something dangerous is under process to create more NPAs?

It is politicians who build pressure for reckless and careless lending . And when the account goes bad, they do not hesitate in blaming bank officials. They build pressure for lending in agriculture and priority sector, infrastructure projects and some other time for some other projects. Banks in general are having huge volume of Non Performing Assets related to loans made for infra structure projects, to power companies, to electricity distribution companies etc ( bulk poison ) and for government sponsored schemes (slow poison
 
When bad assets increase, profitability falls and when profit falls there is erosion of capital. When this happens , government blames bankers and then GOI through IBA  shamelessly deny respectable wage hike to bank staff. It means politicians commit crime and bankers are punished for none of their fault.

How long Public sector banks s would be treated as political tool that too at the cost of  banks and bank staff?

 Why RBI is silent spectator of this mishappenings and ill-motivated proposals of the government?

Why IBA the forum of Chiefs f public sector bank  has become inactive and ineffective and why United Forum of Banks Union (UFBU) are playing in the hands of Ministers and IBA ?

If such brainless and dangerous proposals are put in force, the future of wage hike will further be jeopardised.

Are bank staff in general are also watching the situation with folded hands and praying GOD for their welfare?

Also read Following Links

Evil Culture in Banks

How to Cure Sick Banks

Are Bankers Afraid Of CBI and CVC


Banks To Open 20 crore New Accounts This Year


 

Acute Shortage Of Manpower in Public Sector Banks

Public Sector Banks have opened hundreds and thousands of branches during last few months and years without adding equivalent number of employees in their bank. This has resulted not only in deterioration of quality of service but has also adversely affected the quality of assets, quality of lending and quality of monitoring and control over the assets.

It may be noticed from below given chart that total number of employees in public sector banks has come down from 8.83 lacs in the year 1998-99 to 7.71 lac in the year 2011-12 . In a span of 13 years of reformation , number of branches has increased at least two fold and the volume of business has gone up by at least ten times.

Though per employee business of state run bank has increased compared to that in private banks only due to labour exploitation policy adopted by these banks, the quality of assets is much better in private banks than in public sector banks.Customers get better service in private banks and investors give better value to shares of private banks.

Public Sector Banks may achieve the target of number of branches under Financial Inclusion to please their mentor ministers but may not stop escalation in resultant risk banks likely to face in future. They may not stop increase  in bad assets and rise in quick mortality of assets. These banks may show little rise in profit by manipulation, they may fraudulently show bad assets as good assets by using the tools of restructuring bad assets , they may reduce provision on bad assets to book more profit and so on but such clever but suicidal fraudulent methods not for a longer period. 

But no power on earth can save these banks from going from bad to worse as long as corrupt bankers are allowed to function as per their whims and fancies at the cost of quality of their  assets and at the cost of joy and pleasure of human resources working at grass root level.

In brief one may say,  Bank management is 'penny wise and pound foolish' ( due to self interest or under pressure from Ministry of Finance)

Bank Employees may not expect respectable wage hike if politicians continue to force banks to sacrifice profit in the name of  financial inclusion or loan waiver or so called reformation. 

Clerks and Junior and middle management officers are real performers but they may not perform as per their potential if they do not get recognition from their bosses who are more often than not self centered and who least bother for the safety and security of the organisation they serve.

In public sector banks, clerks are not given promotion in two to three decades. If clerks are promoted to officer cadre, the promotee officers continue to perform the duty of clerk or that of cashier as he or she used to do before becoming officers. Not only this, there are many scale II, scale III or scale IV officers who are constrained to perform the duty of cashier or a dispatch clerk or front line officer.

There are thousands of senior level officers who are performing the duties which a clerk of golden era    ( the period just preceding reformation era that begun in the year 1991 )could perform satisfactorily. Many senior officers at administrative officers are performing the duties which a low paid telephone operator or a call center guy could perform better. 

To make it more clear in term of pay package , I may say that many officers drawing pay of Rs.25000/ to Rs.50000/ per month in public sector banks are performing the job which is being done in private sector banks normally by employees drawing less than Rs.10000/ per month.

Moreover during  sixties and seventies , public sector banks used to have one officer over five to six clerical staff. It means clerk to officer ratio used to be 5 : 1  or 6 : 1. As of now the situation is just opposite to it. It means in public sector banks ratio of clerk to officer is now 1: 5 or 1 : 6 . It means a bank have employees drawing average pay of Rs.40000/ per months are five related to every clerk or cashier staff drawing an average to Rs.15000 per month.

It is pity or it is unfortunate that most of top executives who holds key posts in public sector banks can deliver good speech or can please officials of RBI or MOF by submitting false and concocted information but do not have brain , do not have knowledge and do not have vision on how to increase profitability of any branch or any bank.If branch of any bank run in loss , one cannot dream of bank earning targeted profit .

There are many officers who have been though promoted to higher scale say scale IV or scale V or scale VI under pressure from some God father , they are not found fit for posting at a place of equivalent scale. Thousands of officers though promoted to higher scale continue to perform the work of lower scale. All these have resulted in increase of average pay of public sector banks vis-à-vis private banks.

In public sector banks a young officer with negligible experience (either promoted under recommendation of some God father or recruited directly from campus) is posted as Branch head and then he has to manage much more senior and talented officers who have either been rejected in promotion process or who willfully boycotted promotion process because they did not have backing of any top executive or ministers.

It is a hard nut to crack when a less experienced officer is entrusted the duties of managing senior old people. Similarly senior and old people finds humiliated when he or she to work under a boss who is a person to whom he or she taught principles of banking or to who was nourished under his guidance.

This is only in public sector banks where officers are allowed to exercise option for taking part in promotion processes. It means a man has the option to shoulder higher responsibility or not. It means if a good officer does not want to should higher responsibility he can be permitted to do so. Higher management has created terror in the minds of good officers that on promotion he or she may be transferred from one corner to other corner of the country if he or she did not flatter to boss or if he or she could not follow the wrongful orders as a disciplined soldier. This is also a cause why good officers particularly in old age when he or she to shoulder the responsibilities of family ignore promotion.

In private sector banks a person with ten to fifteen years of banking experience is given the responsibility of a branch and under him a team of at least 10 to 15 younger persons are posted who devoted work as per guidance of branch head. You will never find in private banks that the branch head or senior officers are counting cash and frontline newly recruited young boys and girls are sitting idle. A job which can be done by an inexperienced low paid employee is never entrusted to high wage paid senior officer and neither such circumstances ever arises when high paid officers is constrained to perform the duties of cashier.

On the contrary in public sector banks most of big or small branches have been provided with too little number of employees that senior officers are left with no alternative than to work as frontline clerks to maintain good customer service. New branches in PS banks are opened with one or two manpower whereas branches opened by private sector banks are manned by at least 10 to 15 energetic youth, either for marketing or for performing counter work.

In this way private sector banks attract more business with high number of low paid employees but PS bank branches fail to attract good business with the help of old and frustrated lot of frontline workers either as clerk or as officer. Such type of mismanagement, such type of bad execution of good HR policies and such type of ill treatment with old and senior people occurs only in PS banks. 

Mismanagement of human resource has been without any control continuing in public sector banks for last two to three decades. Regulator of banks has remained more or less silent spectator of ismanagement of Human resources. This is why corrupt officers who spoilt the bank during their tenure as Branch head or Regional head or Bank head got safe exit from the bank even though he or she caused loss to the tune of hundred of crores of rupees to the bank.

It is only in public sector banks that officers are recruited as Marketing Officers are assigned the work of general banking and officers from general banking side are asked to go for market a product.Similarly officers recruited as Agriculture Officers or Field Officers or Rural Development Officer or Technical Officer are asked to work on counter and vice versa.This results in erosion in  work both qualitatively and quantitatively.

It will not be an exaggeration to conclude that top executive of government banks has caused huge loss say in hundred of crores of rupees by assigning the work of clerks to officers only to fulfill their malicious intention. Because it is only officers who willingly or unwillingly say "Yes Sir " ;Sir' 'zee sir' on all orders of boss and act upon it whereas clerks seldom follow irreasonable and improper  orders of the bosses.Clerical staff used to build pressure on top management and sometimes pose IR problems which put hindrance on the path of corrupt executives indulged in earning bribe and costly gifts. As such banks promoted almost all clerks to officers and stopped fresh recruitment in clerical cadre despite the fact that such action will in long run multiply staff wage bill and finally adversely affect the profitability of the bank.

Other Reasons which contributed in increase of Average pay per employee in public sector bank compared to that in private banks are as follows.

This again refers to a comparatively study published in newspaper and comments made by Dy Governor RBI Mr. K C Chakravorty who said that average pay of bank employee in public sector banks is 150% of that in private sector banks. Public sector banks are required to perform all types of non productive work such as payment of pension, old age pension, MANREGA payment, teacher salary payment, tax collection etc which private sector banks are not doing.

It is PS banks which have to shoulder the responsibility of target for Financial Inclusion fixed by the government.

They have to open branches in remote villages where possibility of earning profit is very rare. Number of branches as such in public sector is far more than that in private sector. And the bitter truth is that majority of branches opened in rural areas are loss making and they spend their time mostly in unproductive work imposed by state or central government.

It is PS banks which have to oblige various politicians on sanction of loans and then on write off of loans. Banks have to lend under priority sector, under PMEGP programme, under SHG etc which private sector banks are not required to do.

Similarly PS banks have to lend for agriculture development, distribute UGC and taken part on all KVC projects recommended by District Industry centers. Such types of loan more often than not become bad in a year or two and then banks has to sacrifice huge money to keep their Balance sheet attractive. 

On the contrary ,Private Banks do not perform and do not undertake such work which are economically not beneficial. Political loaning and political write off of loan takes place only in public sector banks, not in private banks.

As such there is no comparison between private and public sector banks. Hence effort of Dy governor Mr. Chakravorty to demoralize the employees of public sector banks and deprive them of wage hike is not justified.

Private Banks are employing 80% of their workforce at pay less than Rs10000.00 per months and only 20% of workforce get higher pay package. These banks cannot retain the employee for longer period and therefore attrition rate is much in private banks. 

Public sector banks have to follow uniform wage structure as prevalent in government departments and other public sector undertakings. 

To add fuel to fire public sector banks did not make any employment or made negligible recruitment since 1991 due to which average age of bank employee in PS banks is more than 45 whereas the average age in private banks is less than 30, Due to this private banks has very less load of terminal benefits payable to retiring employees ( because employees in private banks seldom retire, they resign much before ) whereas it is more in PS banks

Why RBI Dy Governor does not compare the wage structure of pay package of central government employee with that of government banks?

Why he does not compare the pay package and productivity of PSUs with that of private corporate houses?

Why RBI Dy Governor does not compare the pay package of Indian railways, Indian airlines, BSNL where productivity and profitability is negligible with their counterpart in private sector (excl railways)?

Why BSNL, Railways, Airlines run in loss despite the fact that enjoy all privileges.

If MOF  or RBI is still of the view that average pay of bank employees in PS banks should be reduced to some extent. I have a suggestion as given below to put before them for consideration.

It is true that due to almost non recruitment of fresh officers or fresh clerical staff during last two to three decades , average age of bank employees in many banks have gone upto 45 to 55 whereas in private banks the average age is still 20 to 25 in junior scale and 30 to 35 in higher scale.

If Public sector banks still wants that their average pay to become equal or less than their peer banks in private sector , they should come out with a Volutary Retirement Scheme (VRS) as they did in the year 2002 to kick out senior officers. By such action many incompetent officers whom bank management feel surplus and non effective for higher post may be shown the exit door and in their place fresh officers may be recruited paying much lesser salary. This will help in reducing average pay of bank employee in PS bank

Two to three decades ago there was a practice to recruit a person in clerical cadre and then after three years and more the person used to get opportunity to appear in test for promotion to officer cadre.Due to this average pay per employee used to be on lower side.

In the reformation era, when full liberty was  given to bank management , they  almost stopped recruitment of clerks and cashiers .In the name of peaceful IR relation , management of banks  chose to recruit officer directly  from market. They did not hesitate to recruit officer in higher scale too by paying higher pay on joining itself. 

Such unhealthy practices did not lead to corrupt practice only but also  resulted in increase in average pay in public sector banks. 

During pre-reformation era ,Pay package of clerks used to be almost half of that of officers recruited in scale I. Obviously bank had to pay more for doing same job which a clerk or cashier used to perform.To add fuel to fire bank recruited officers directly in scale II and III and onward which further added to wage burden. 

Further bank management allotted work of clerk and cashier to senior officers and juniors and inexperienced officers directly recruited in higher scales  were elevated to higher post and higher scale which not only further aggravated the illness of bank but also   led to increase in bad assets and which annoyed seniors who served devoted banks for decades .

 

Humiliation Of Bank Officers

War against Humiliation has to be launched by Trade Union Leaders of Public Sector Banks

The recent incident wherein Mr Ajay Sehgal (Chief Manager at PNB) has committed suicide on account of alleged harassment by two senior officers – Field General Manager and Circle Head in Chandigarh area of PNB, has sent chilling reminder among bankers for this ever increasing incidents of harassment by top management across the banking industry.   One of our readers has sent us a list of some recent links wherein some banker has died (heart attack or suicide) due to work pressure / harassment in the banks. 

 I give below these links (a) to (h) :-

(a)    http://www.hindustantimes.com/punjab/chandigarh/banker-kills-self-names-2-seniors-in-suicide-note/article1-1236514.aspx

(b)   https://www.youtube.com/watch?v=PxdqDnyBwTI

(c)    http://articles.timesofindia.indiatimes.com/2013-09-03/kanpur/41725609_1_suicide-note-bank-official-kakadeo

(d)   http://articles.timesofindia.indiatimes.com/2013-08-20/ahmedabad/41428791_1_suicide-note-monday-morning-same-bank

(e)   http://www.telegraphindia.com/1131125/jsp/bihar/story_17609141.jsp#.UpYL92_Mif8

(f)     http://www.newsx.com/regional/up/item/9509-45-year-old-bank-official-commits-suicide

(g)    http://www.dnaindia.com/mumbai/report-stressed-over-recovery-of-loans-bank-manager-commits-suicide-1794497

(h)   http://www.aajkikhabar.com/videos/video/News-Track/Bank-Manager-Shoots-Family-Before-Attempting-Suicide-Aaj-Ki-Khabar/1850.html

The above links are grim reminder of the work pressure under which bank officers are required to work.   However, nobody – neither management nor unions -  seems to have bothered for this sorry state of affairs in the banking industry.   The above are only few of the incidents highlighted by media.   There will be hundreds of other incidents which remained unreported / under reported as media is silenced by big banks and such incidents are not highlighted or remain confined to local (vernacular) media. 

Can any Union leaders tell what is the status of each of the above cases?  What is the follow up by unions of all these cases?  Such cases are forgotten in about a month or so. Question arises who should be responsible for taking up such issues to its logical end and what changes have been enforced  by Unions through negotiation to ensure that these do not happen in future?

The current case is even beyond mere humiliation of the officer.  His wife speaks of corruption and unnecessary pressure for toeing the line for sanction of Rs 10 crore loan.  The suicide note talks of achieving most of the targets and CM and FGM being biased on account of some other issues.   Thus, it is now a matter of investigation and truth will come out only if the case is handled properly by the police.   May be CBI enquire is needed.

Bullying by bosses is not new and this is prevalent across the world.   However, the level of bullying by top bosses in banking industry is unheard of and I do not know of any other industry where so many officers die of heart attacks or prefer suicide than to bear the humiliation of bosses or remain under constant threat.   

If you are posted in a Circle Office and you are NOT  in the habit of using foul language and do maa – bahan of people in the field, your GM or Circle Head will most likely either recommend for your transfer or will start using  foul language against you too.  This I am writing from my first hand knowledge of the issue as I too has served as second in command in Circle Office.  

I have also seen CMDs using all sorts of humiliating words against as high officials as General Manager in meetings where we have presence of Scale II to Scale VI officers.   However, nobody objects as they fear reprisals in the form of transfers and charge sheets.    This trend then percolates down below at GM level and Circle / Regional level, and to some extent at Branch level.  

Each one of us is aware of the phrase : HISTORY REPEATS ITSELF.  About two years back (2012) another Chief Manager of PNB has died due to such harassment in a review meeting.  We at AllBankingSolutions.com have covered the same and given some suggestions.    I repeat the suggestions given by me at that time  (in 2012) but never taken seriously by unions or management :-

“Although, a number of readers may not agree with us, but we are of the strong view that to start with, the Board of each Bank should form a Committee at Head Office level to deal with the abusive behavior by regional heads / zonal heads / circle heads / GMs / EDs / CMDs in open forums like Manager's review meetings.    The Committee should have at least two Directors (except CMDs / EDs )  as its members, one official from association / union, one member from Ministry of Finance, one member from RBI.   All complaints of abuse during the meeting should be dealt by this Committee.  

The said Committee can meet once a quarter to review the complaints received by them.   In case complaints of misbehavior are received on more than two occasions for the same officer, then it should be made compulsory that the proceedings of the all meeting chaired by him / her, are recorded on camera.  (Now a days the recording of proceedings is very easy and it is also not costly at all as most of the Regional offices / circle offices  / Zonal offices have IT infrastructure in place for such recordings).     We hope if such a policy is adopted by each bank, soon the abuse of  middle level / senior officers will drastically get reduced.   This will also certainly help in reducing the corruption in banking industry”. 

 Now question arises what did Unions do during these two years to ensure that such things do not repeat itself.   Are unions meant to merely collect  monthly “chanda” (subscription) and collected money to be spent on hotels, airfares etc.  The above formula may not be the best one.  Then, let another formula which can be better than above be evolved and finalized after discussions with IBA and MoF.   However, no union leaders ever discussed the issue again and the case seems to have been successfully buried. 

The sacrifice of Mr Ajay Sehgal should not go waste.  There is a need to gear up the unions at all India level as this problem is across banking industry and covers almost whole of India.  Let UFBU intervene in the issue and have an exclusive meeting with IBA and MoF officials on this issue and above proposal or any other better proposal which  can produce evidence in such harassment cases be discussed and finalized and implemented in all banks within say three months i.e. end of September 2014.

  

This is the need of the hour and UFBU must take up the issue or else officers will keep on suffering at the hands of the corrupt, bullying bosses.   Some of officers who are emotionally sensitive may opt for soft option of suicide.  

PNB has failed to take appropriate action against the FGM and CH who have been named in the suicide note.   It is reported that top management considers that this suicide can be due to family problem.  Police does not know the whereabouts of both these officials (as per reports of HT) and PNB was not committing itself whether they are on leave or absconding from duty.  If they were on leave, who sanctioned their leave and on what grounds the same was allowed?  If they are absconding whether PNB has issued any show cause notice?  If they were on duty, then why police is saying that they are not aware ofthe whereabouts of both officials.    All these questions must be haunting the PNB staff and family of the deceased.   As per PNB's website,  Transfer and Posting of Senior Officers dated 5th July, 2014, Mr J K Gupta (FGM, Chandigarh) has been asked to report to HO for further assignment; whereas Mr A K Gupta (Circle Head, CO Chandigarh) has been transferred to DGM, FGM office, Lucknow. 

Initially HT reports indicated that "The Punjab National Bank Officers' Association has given an All-India call for strike on July 7 and 9".  Now on 6th July, 2014, I have received a message wherein Mr Dilip Saha, GS, AIPNBOA has confirmed that ALL ACTION PROGRAMMES have been DEFERRED as PNB has taken action and transferred FGM and CH.  It is reported that CMD has asked FGMs / CHs to respect human values and proper dealing with juniors etc. etc.   AIPNBOA  has even sent congratulating message to their members for their solidarity & support.   It is shocking to read "congratulating messages of union"  when officers are still seething with anger for the proper response of management for the action.

I leave it to our readers to decide whether mere transfers in this case are sufficient justice for the family of Mr Ajay Sehgal. 

Personally,  I feel that Part I of burying the case was completed  when PNB issued merely the transfer orders of these officials and took them away from police net.   Now Part II is also complete when Unions have accepted this as sufficient action.  Wait for another week or so when everybody will forget about the case and police sends the file to Archive room.   However,  Comments on FB give some idea of the thinking of Aam Banker on the decision taken by management / Unions of PNB.  This case too is likely to meet the same fate as the case quoted by us two years back.

P.S. : Social Media has large number of comments.  I am giving below some of those comments which should be eye opener for management and union leaders :

 (A) Hard Hitting Comments by Preet Sain on FaceBook after transfer of the two officials from Chandigarh:

"Strange..... transfer as a punishment for murdering someone...kuddos to CMD and all those who consider it as a justifiable action.....they have to be suspended.. transferring is actually helping them to be away from chandigarh police.. and delay the further police action...

I spit on this decision.. and all those who agree on it....once again ...clearly proved... water flowsfrom Top to bottom.. none other than Mr CMD is responsible for it.. this was his litmus test.. and his actions have spoken wat he is.. this is PNB for which u served 23 yrs ...RIP Sehgal ji..."

(B) Comments of Charu Bhattacharya from PNB who is also very active on FB and does not mind calling a spade a spade.  These comments remind all of us about various other problems being faced by officers in banks, which ultimately put so much pressure that one is forced to think of taking extreme step  :-

क्या आप मान सकते है की नेताओ को पता नहीं है की बहुत से मंडलों में :-

- समस्त अधिकारी महीने मैं कम से कम दस दिन काउंटर पर बैठते हैं और लिपिकीय कार्य करते हैं.

- अधिकारियो पर अनुचित कार्य करने का प्रबंधतंत्र द्वारा दबाव दिया जाता है.

- पी. ऍफ़. रेटिंग ख़राब कर दी जाती है उन की जो मुह खोलते है

- छुट्टियाँ मांगो तो लगता है जैसे उनकी नानी मर गयी हो

- थर्ड पार्टी प्रोडक्ट्स बेचने की लिए धमकाया जाता है.

- प्रत्येक अधिकारी रोज कम से कम तीन घंटा ओवरटाइम करता है.

- हर शाखा में अंडर staffing है

- जरा जरा सी बातो पर chargesheet होती है

- कई तो बात ऐसे करते हैं जैसे की उनकी ससुराल से दहेज़ में हमें नौकर बना कर भेजा गया है

- कई बड़े अधिकारी केवल पैसे कमाने में लगे हैं.

(C) TRUTH : The following lines on FB uploaded by Pramod Ranjan Kukreti, which  depict the truth in this case about PNB Management,  and the attitude of  Union Leaders following the transfer orders.   [ Please read carefully and try to follow the message ] 

शहर के चौराहे पर 
पडी एक लाश 
एक आदमी अभी अभी 
चलती टेृन के आगे कूदा है । 

एक कुत्ता जोर जोर से
भौंक रहा है
सिस्टरम के खिलाफ
दूसरा छोटा कुत्ता
भौंक रहा है
पहले के विरोध में 

याचना भरी नजरों से
मालिक को कनखनियो
से देखते हुए 

और मुझे ,
दोनों की ही हिलती दुम
दिखाई दे रही है ।

Above article is written by Sri Rajesh Goyal (allbankingsolutions.com)