Aiboboa believes in equipping officers with knowledge about their service conditions and entitlements
77. Transfer Policy : For officers finalized transfer policy mainly covers following areas :
For details Refer to Circular No.BCC:BR:101:130 dated 29.04.2009. 78.Income tax on Perquisites – Concessional rate of Interest on staff loans : Honorable High Court of Madhya Pradesh in W.P. 2812 of 2009 filed by All India Bank of Baroda of Baroda Officers’ Association has on 13.03.2009 passed interim order as below : Tax at source from the petitioner union shall be deducted in accordance with the Cost to the employer not in accordance with the State Bank of India lending rate keeping in view the decision rendered by the Supreme Court in the case of Arun Kumar and others v/s Union of India. Refer to Circular No.CTP/101/08-09/239 dated 25.03.2009. 79.Introduction of a New Employee Performance Management System(EPMS) all officers A shift has been made from an employees performance review system (EPRS) to employees performance management system(EPMS) The new system makes each officer primarily responsible for his/her performance and hence it is the onus of the every officer to plan and manage his/her performance which enables him/her to improve upon his/her performance on a continuous basis. For details refer to circular No.BCC:BR:101/116 dated 11.04.2009 and also BCC:BR:102/110 dated 13.04.2010 and also 80.Policy for Overseas Posting :( Circular No.BCC:BR:101/206 dated 16.07.2009) Identification of officers to be done in a proactive manner and creating a pool of Officers and grooming and training them and not merely “substitute finding mission” as was being done hitherto.
c) Qualification : Graduate. Preference will be given to candidates possessing specialized qualification like MBA,CA,ICWA,ACS,CAIIB,CFA,CISA. 81.Scheme for legal & Financial Support :( Circular No.BCC:BR:101/370 dated 12.12.2009) Draft formulated by IBA to extend legal and financial support to officers of Banks against whom motivated false complaint has been made by people/agencies outside the Bank of Baroda, has been approved by the Board of Directors. Objective : To enable officer to initiate legal action against outsiders/private parties who with a malafide intention make baseless allegation, pass derogatory remarks, lodge motivated complaints on matters arising out of bonafide execution of Bank’s work. The scheme shall not be applicable in case of complaint/allegation made by an employee of the Bank of Baroda. Applicability : This scheme shall cover all officers in the regular rolls of the Bank including officers who are on deputation to joint ventures, subsidiaries and other institutions and officers retired from the Bank of Baroda. For retired officers, the scheme will be applicable only in respect of bonafide execution of bank work while in service. 82.HR Resourcing Policy : (Circular No.BCC:BR:102/72 dated 06.03.2010) The policy stipulates detailed guidelines, processes, criteria and procedures for carrying out the following types of recruitment. External Resourcing : Fresh recruitment – probationary officers(Pos) Experienced recruitment – Specialist positions (both in officers and executive position. Campus Recruitment – officers Contractual recruitment – officers and executives Recruitment of clerical and subordinate staff. Internal Resourcing : Providing avenues for internal candidates to participate in and get recruited in higher scales. Under this policy, there are some major changes in the terms of employment :
Recruitment exercise for Probationary officers to meet the requirement of Officers of specific deficit zones/areas.
83.Schemes Managed by Association 1. Employees Scheme Of Contribution Of Rupees Ten ( ESCORT ) : “The greater consolation for the loss of the dead is found in the thinking of the living left behind”. With this noble philosophy our association has introduced this scheme w.e.f. 01.01.95. Under the scheme every participating officer is called upon to contribute Rupees 10/- when an officer dies while in service. Members can participate in the scheme by submission of irrevocable Letter of authority which authorizes the bank for necessary deduction from salary. Today association is able to provide such bereaved families a timely help of Rs. 1,25,000/-. 2. All India Bank of Baroda Officers Welfare Fund ( AIBOBOWF ): Our Association has launched a Welfare Fund in the year 1986 with the objective of undertaking welfare measures for the officers and their family members who joins the scheme with a one time membership fee of Rs. 1000/- (Rupees One thousand). It is named as “ALL INDIA BANK OF BARODA OFFICERS’ WELFARE FUND”. It undertakes following activities
Annexure A 84. SCHEME FOR RESERVATION OF BEDS IN HOSPITALS SITUATED AT ZONAL CENTRES
List of Bank Dispensaries with Part Time Medical Consultant at Various Centres
85. LIST OF HOLIDAY HOMES LIST OF HOLIDAY HOMES Annexure - B
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