iNNOVATIVE SCHEME TAKEN BY BANK of BARODA

CIRCULARS WEF 1.10.2014

CONGRATULATIONS TO ALL MEMBERS FOR THE WAGE REVISION SETTLEMENT. REF CIR NO.18

ALL INDIA BANK OF BARODA OFFICERS' ASSOCIATION

CIRCULAR TO MEMBERS NO.20 OF 2015                                                 16th June,2015  

Dear Members,                        

                                   RE: “Branch Head Role Perquisite”
                                  -----o0o-----

We are extremely happy to inform that our Bank has  introduced  yet another innovative Scheme “Branch Head Role Perquisite”,as an additional monetary benefit to Branch Heads. Details are as under:

Amount of  Perquisite:

Branch Head     Branch Head Role Perquisite per month.
JMG/SI    Rs.5000
MMG/SII    Rs.6000
MMG/SIII    Rs.7000
SMG/SIV    Rs.8000
SMG/SV    Rs.9000
TEG/SVI    Rs.10000

Effective  Date:    With effect from 1.6.2015
             Claim to be made every month-end online through Claim  Benefit Module   under Payroll.

NOTE:            The performance of the Branch Head will be evaluated on the matrix of business development annually.

In this context you will recall, as reported to you vide our Circular No:15 dated 15th May,2015,Shri B.B.Joshi, Executive Director, while discussing business growth of our Bank at the 60th Central Committee Meeting of our Association held on 18th April,2015 at Chennai announced, amidst loud applause, that Branch Heads will be encouraged by providing additional incentives to them.This,dear friends, now stands realised.

We are thankful to Shri Ranjan Dhawan, MD & CEO, Shri B.B.Joshi and Shri K.V.Rama Moorthy,Executive Directors of our Bank, Smt.Vindhya Ramesh, General Manager(HRM) and other Top Management team for the above decision.

With greetings,

                                      Yours sincerely,

                                         (K.K.NAIR)
                                     GENERAL SECRETARY