INDIAN OVERSEAS BANK

OFFICERS’ ASSOCIATION

An O rganisation
with a difference
IOBOA is an Association of the officers of Indian Overseas Bank and is
A Profile

time.The hierarchy is not treated as a barrier in a strict sense for the

registered under the Trade Unions Act 1926. Today ( 02.05.2017) we members to contact the Officer Bearers.
have completed the 50th glorious year of our meaningful and BRIEF HISTORY
purposeful existence in championing the cause of officers' fraternity.
Indian Overseas Bank Officers' Association was formed on 2nd June
IOBOA is a non-political Organisation commanding 100 percent 1967, by Late Com K V Balasubramanian affectionately called as
membership of officers of Indian Overseas Bank and is the sole 'Annachi' (meaning elder brother) who was the founder General
organisation representing them.The membership of IOBOA consists Secretary. ComV S T Kumarasamy was our First President. He retired
of officers from Junior Management Grade (JMG-Scale-I) to Top as General Manager of the bank. Both of them had served as Officer-
Executive Grade (TMG-Scale-VII). IOBOA has a unitary set up and all Director on the bank's board. When AICOBOO (All India
its functionaries are strictly those officers who are in service. Confederation of Bank Officers' Organisations) was formed, IOBOA
IOBOA is affiliated to All India Bank Officers' Confederation (AIBOC), got affiliated to AICOBOO. IOBOA sought formal recognition from
which is also a non-political Organisation commanding over 87 the Bank and the same was given by the Management in 1973.
percent Membership of Bank Officers across the country.The present For the term 1981-83, Late Com P A Kumaradevan and Late Com T V
General Secretary and President of IOBOA are the Senior Vice Ramamurthy were President and General Secretary respectively. In
President and Joint General Secretary of AIBOC respectively. Further, the year 1983, Com M R Gopinatha Rao and Com B Ramji became the
our presence in AIBOC is enhanced by additional posts for this President and General Secretary respectively. The famous
triennial (2017 – 2020 ) Viz. Deputy General Secretary (one), “Keezhanttingal Agitation” lead by them restored the self-
Executive Committee Member (two) and Executive Committee respect and dignity of officers. Logo of the organisation was
Member (Women) (one).While our Senior Vice President is holding introduced during their tenure.
the post of State Secretary, Kerala State Unit in the Apex Body, the
Senior Deputy General Secretary ( All India) is holding the post of Vice The first independent agitation of our organisation was started on
President and AGS – Chennai II is Deputy General Secretary of Tamil charter of demands for salary revision and improvement in other
Nadu State Unit of AIBOC. Our Deputy General Secretary of Gujarat service regulations. The 'WORK TO RULE' agitation by our
is the Deputy General Secretary of State AIBOC, Gujarat while our organisation was announced on 13th June 1969 when our bank was in
AGS, Raipur is the Organising Secretary of State AIBOC, Chattisgarh Private Sector. We are known today as a responsible organisation and
Unit – 1. seeds were sown by our legendary leaders. Even while calling for the
agitation 'Work To Rule', the officers were initially directed to stick to
We uphold the philosophy of 'Participative Management'. We believe in the timings not for the normal working hours of 6½ hours, but allow
instilling a sense of security, dignity and self-respect in our members. one more hour as a matter of grace. This showed our Organisation's
We are a constructive partner and major contributor in the growth of commitment towards the Bank in spite of being forced to resort to
our bank. We have representation as Officer Director on the Bank's the agitation by the insensitivities on the part of the management.The
Board. Our President has completed his second tenure on the Board seeds of fighting spirit with responsible attitude sown by our Founder
of IOB with flying colours. Leaders have grown stronger in our organisation and it has become
ORGANISATIONAL SET UP the basic principle of our organisation. In later years, when we were to
IOBOA is led by President and General Secretary with a team of face the insensitive approach of the management in 1989 and forced to
Office Bearers who are the members of the Executive Committee, go for agitation, we initially confined ourselves to the preliminary
taking care of the welfare of the members throughout the country.The forms of agitations. Even when the management misconstrued that
entire organisational set up and the hierarchy have got specific roles to we were weak-kneed, we went for area-wise restricted strikes to
play as specified in the constitution (bye-laws) of the Association. Our show our strength. We never unleashed the fighting spirit of the
members are encouraged to contact the functionaries at any point of organisation and the strength of the membership to the fullest. Com C
R Chandrasekaran led us as our President during the historic struggle,
which culminated into a successful formation of Central Consultative
Committee during 1989. Com V N Ravindranath Rao, our General
Secretary during the term extended abundant strength to Com C R
Chandrasekaran in the entire agitation. Our first written and
documented Promotion Policy was formulated during their tenure.
Our respected leaders Com M R Gopinatha Rao and Com K V
Acharya led the Organisation with the same spirit as President and
General Secretary respectively. They believed in settling the issues
across the table with mutual respect. Even when they were forced to
face difficult situations and take unpleasant steps, they confined the
agitations to the leadership by going on hunger strikes in front of
General Manager's cabin. Thus Sathyagraha remains our first and best
tool in unpleasant situations. Our organisation is known as a earmarking a portion of our monthly subscription for the cause of
responsible organisation and naturally, we have been fortunate to have social services. Out of the monthly subscription received from the
matured and responsive Leadership always. members, an amount of Rs.10/- per member is kept aside every year in
The golden period commenced in 1991, when Com M R Gopinatha the corpus. Out of this corpus, amounts are spent periodically to the
Rao and Com K V Acharya duo joined hands to lead IOBOA as career needy, deserving and socially significant projects across the country in
path development and placements took priority among various other the form of donations, grant, direct contributions, self-undertaking of
benefits that were achieved during this period. Simultaneously the the projects etc.
organisation focused its attention towards greater commitment to Reconstruction of cyclone ravaged school buildings in 2002 at
the Bank and extended voluntary co-operation to the management to Orissa
resurrect the Bank which posted huge losses in 1992-93, the highest in Three school buildings at Jagatsinghpur District of Orissa following
the industry then. In all the difficult situations faced by the bank, the super cyclone were reconstructed/rebuilt. The entire outlay of
IOBOA made extra sacrifices to improve the Bank's position and funds was about Rs.25 lakhs contributed solely by our members and
image. We always kept institutional interest ahead of individual the schools were dedicated to the Nation. Furniture and colour TV
interest. IOBOA believed in participative management and the Top sets, at a cost of Rs.6 lakhs, for all the three schools were donated by
Executives along with the successive CMDs always appreciated the the bank.
role played by IOBOA in building the Bank.After the term of Com M R
Gopinatha Rao in 2002, Com K Anandakumar partnered Com K V Wiping out Weavers'Tears
Acharya. As you sow, so you reap and good begets good. This is a truth IOBOA sponsored handloom exhibitions to help distressed
that has been experienced by IOBOA time and again. IOBOA has handloom weavers during 2002 and 2005 while conducting our
always acted and responded positively and pro-actively with Bank's Triennial Conferences at Chennai. Sales of nearly Rs.12 lakhs and
interest as upper most, no matter how tough or complex the Rs.15 lakhs all from our members were netted over 2 days
situations were. It had always been our endeavour to reap rich respectively on each occasion.
dividends in terms of goodwill for the Organisation and benefit for the Construction of Day Care Centre for the specially challenged
members. When the legendary leader Com K V Acharya retired in children at Madurai in 2005
2005, Com J D Sharma and Com K Ananadakumar led the organisation
as President and General Secretary and made the Organisation reach “JnanaDeepam”, a Special School Building constructed at a cost of
newer heights by their indomitable spirit to protect the interest of the Rs.20 lakhs at Alagarkoil near Madurai was handed over to M/s
members. On the superannuation of Com K Anandakumar in August Chellamuthu Trust & Research Foundation to be run by them as a
2015and Com Dr J D Sharma in July 2016, the baton was taken by Com School and Day Care Centre for specially challenged children. On our
B Srinivasan and Com.T.Muralisoundararajan who are leading the request, school van costing Rs 8 lakhs was donated by IOB.
organisation as its General Secretary and President respectively at Construction of School building to uplift Fishermen community
present. at Karnataka in 2006
Since inception, our Organisation has undergone various trials and Construction of a school building serving the educational needs of
tribulations. Social control legislation on banking brought no relief to local Fisher folk's children at Padubidri village, Uduppi District,
officers. It rather tried to contain the activities of the trade unions in Karnataka was undertaken with our donation of Rs.10 lakhs. On our
banking industry. An industry-wide strike made the Government to request, school van costing Rs.6 lakhs was donated by IOB.
withdraw such draconian clause in the Banking Law Amendment Bill.
Solar lamps at native village of our Bank Founder Rev. M.Ct.M.
Some of the earlier issues taken up by our organisation were, abolition
Chidambaram Chettyar in 2006
of retirement after 30 years of service irrespective of age, improving
the DA ceiling, half yearly allowance, better pay scales and allowances, In 2006, 30 Solar Lamps at a cost of Rs 7.5 lakhs were installed in the
standard promotion policy etc. Till then our bank officers were economically backward locality of Kanadukathan, the birth-place of
among the lowest paid in the banking industry. The Leaders of IOBOA Rev. M. Ct. M. Chidambaram Chettyar, the Founder Chairman of our
had played a vital role in Bi-partite settlements. Bank. IOBOA's salute to the munificence of a rare visionary! Bank
too joined the cause and installed equal number of Solar lamps, on our
MEMBERSHIP
request.
IOBOA comprises of about 16,000 officers as
Institution of 'IOBOA Friend of Children
on date to its membership scroll commanding
Award' in 2007
100 per cent enrollment of officer members.
It is the proud factor for the Organisation that While completing 40 years of service, IOBOA
IOBOA is the only one Officers' Organisation decided to involve itself for the cause of
in the whole of the Bank representing the “Eradication of Child Labour” and created a
o f fi c e r m e m b e r s b e f o re t h e B a n k ' s corpus, the yield on which is channeled
Management. annually for the betterment of under-
privileged children.
SUBSCRIPTION
For the year 2007-08, State Child Labour
A nominal admission fee of Rs.20/- is to be
Rehabilitation cum Welfare Society was
remitted by an officer to get enrolled as the
selected for 'IOBOA - FRIEND OF
member of the organisation IOBOA. We
CHILDREN AWARD”. The award
collect a monthly subscription of Rs.180/-. The
constitutes a 'Citation' along with cash award
members are requested to tender an
of Rs 50,000/-. The award was received by Shri
authorisation letter to the salary disbursing
K Sellamuthu, I.A.S., Additional Labour
authority to deduct the same from their salary.
Commissioner, Department of Labour /
The monthly subscription is being deducted
Chairman Child Labour Projects, Tamil Nadu
from member's salary for the month through
on behalf of the State Child Labour
'Check-off System'. In addition to the principled
Rehabilitation cum Welfare Society. Awards
Trade Union approach, IOBOA inculcates in
were given to Global Institute for Childhood
membership the aspiration to help those
Disability, Amritsar (2008-09) Jesus Love of
people of the society who are less fortunate
Ministry, Namakkal (2009-10) and Uthavum
than us.
Ullangal Public Charitable Trust, Chennai
SOCIAL SERVICE PROJECT FUND (2010-11) held in our 21st triennial conference
Dedication of solar lamps at Kanadukathan,
We have provided in our bye-laws for IOB Founder’s Birth Place on 17th September 2011 at Chennai.
 Reconstruction of School Buildings ravaged by cyclone at Tarjang,
Nalibar & Kiranti, Jagatsinghpur District, Orissa
Social Welfare Activities during theTrienniel 2012-14 gathered information about her and documented her achievements,
IOBOA had donated Rs.50,000/- to M/s.Asha NIID, Delhi, Rs.50,000/- honouring her with their documentary film under the title “The
to M/s. Sakthi Tamil Pallikudam and Rs.25,000/- to M/s.Annai Anbalaya Amazing Indian – Visalini”. “Visalini, whatever you had achieved in
Trust. All the three entities are actively involved in the social service this tender age, is great service to our country India” - Modi, Prime
projects viz., running old age home and school for the under-privileged Minister of India.
children. Cheques were handed over to the beneficies at the 22nd Donation of Maruti Van to Bala Vihar – a school for differently
triennial conference held on 11th October 2015 at Chennai. abled children
Donations to Prime Minister's Relief Fund & Chief Minister's Bala Vihar, a school for differently abled children, functioning at
Relief Fund Chennai with more than 200 children and an hostel for the destitute
IOBOA had organised for deducting salary of one/two from its children in the lot, was in a need of a transport vehicle to attend to the
members and donate the same to Prime Minister's Relief Fund and medical need of the kids. Coinciding with our Founder's Day, on 10th
Chief Minister's Relief Fund, to name a few - Kargil War, massive February, 2017 we had donated a Maruti Eeco Van for the requirement
Gujarat Earthquake, terrible Tsunami, the recent devastating floods in of the school.
Tamil Nadu, Pondicherry and Andhra Pradesh in December 2015 etc. RECONGNITIONS FOR IOBOA
Helping Hand duringTsunami in Tamil Nadu, Land Slide at IOBOA had not only showed its commitment to the membership and
Uttarakhand, Floods at Chennai etc. the bank, but also extended its role towards the social commitment
IOBOA proactively involved itself during Tsunami relief work at more vigorously than ever during recent times. The Apex Body-
Chennai in 2006. Many of our officers volunteered to help the pilgrims AIBOC and other fraternal organisations recognise IOBOA as a
who were badly affected during the landslide during the reputed TU organisation always focusing the cause of its membership.
Flood/Landslide in Uttarakhand in 2014. The roads were totally cut Today, IOBOA is known as a socially responsible organisation/Trade
and the phone/mobile connectivity has been totally out of coverage Union in the banking industry.
and the relatives were not able to contact the pilgrims by any mode of The reputed international Journal, the “Asian Management Review”
communication. Loads of food, blankets, woolen sweater, biscuits, published a detailed article on our Social Projects in its April - June 2013
medicines etc., were collected and distributed to them by our officer issue written by Com President Dr J D Sharma, which is a great honour
members. Not only this, our officer volunteers rescued many pilgrims to our Organisation - IOBOA.
and arranged for their reunion with their family members. IOBOA ACADEMY (Skill and Research Centre)
Flood Relief Work during the rampage at Chennai - 2015 IOBOA Academy (Skill and Research Centre), a residential institute,
During the devastating floods in 2015 at Chennai, Kancheepuram and was inaugurated on 2nd August 2015.
Tiruvallur, we pro-actively involved ourselves in extending helping The Academy commenced its programmes by way of organizing a
hands. Our comrades at Chennai, Madurai, Coimbatore, Seminar titled “Vigilance Awareness for Proactive Banking” on the
Nagapattinam, Pondicherry,Tiruppur etc., along with our Central Unit auspicious Vijayadasami Day, the 22nd October 2015. Shri N Vittal,
Leaders and volunteer members distributed food, water, clothes, I.A.S., former Central Vigilance Commissioner as the Chief Guest and
buckets, medicines, Blankets, school bags, utensils etc., for distribution Shri K V S Gopalakrishnan, I.P.S., former Special Director, Intelligence
to the flood affected victims. Bureau as the Guest of Honor, who had made a mark in the field of
Social Security to Unorganised Labourers vigilance administration of our Nation, were the two eminent
For the cause of Social Security of unorganised labourers, to begin personalities who had shared their experiences which were indeed
with we have covered 100 bullock cart men under Group Life pearls of wisdom. Com Thomas Franco Rajendra Dev, President
Insurance. The initial enrollment charge of Rs.100/- and annual AISBOF, SVP AIBOC and President,TN State AIBOC delivered special
premium of Rs.10/- to each labourer was borne by us. Subsequently address on the occasion.
annual premium is being remitted by the respective persons. IOBOA A Capsule Training Programme on “Credit Monitoring & Challenges in NPA
has plans to extend helping hands to cover more unorganised Recovery Management” was conducted on 14.11.2015 & 15.11.2015 for
labourers. the benefit of officers of Chennai-I, Chennai-II, Kancheepuram and
Patronage to Ms. K Visalini –The Whiz Kid Vellore Regions. The programme was attended by more than 200
comrades braving the inclement weather conditions, the heavy
The 15 year-old girl, whose IQ is 225, the highest in the world, had downpour for consequent 3 days followed by roads flooded with water.
designed her own website at the age of 11 years, has been a special The participants included AGMs, Chief Managers and officers of rank
invitee to more than 25 Engineering Colleges to take seminar classes and file. The officer members who had attended the training
for engineering students, professors, Head of IT Department, who has programme, mostly First Line Managers and Credit Officers, were
been acclaimed as “The Pride of India” by HCL and as “The enlightened when the Chief Managers and other executives shared their
Youngest TEDx Speaker” at the International TEDx Conference. practical experiences in credit monitoring and recovery processes.
She also got appreciation from the Dean of World Records, London, a
Chief Guest and Keynote Speaker in about 10 international Our dream programme on “Disciplinary and Vigilance Proceedings for
conferences including the Google India Summit, New Delhi (India). Defence Representatives” was successfully conducted from 22nd
“SBS Australia”, the leading Australian news broadcasting organization February to 26th February 2016. Regional and Central Unit Office
had honoured her by broadcasting her interview for duration of half Bearers, around 30 numbers, participated and were equipped to take
an hour in 74 languages across 174 countries, while “Times Now” up the important responsibility of defence assistance for the
English News called on her, stayed with her for couple of days, delinquent officers. During the inaugural function, a book on
Disciplinary Proceedings authored by Dr J D Sharma, President-
I O B OA w a s re l e a s e d . IOBOA - MEDICAL
Copies were handed over FUND
to all the participants for Members who undergo
the benefit of their medical treatment may
reference. claim reimburse-ment of
G e n - N e x t Wo r k s h o p medical expenses from the
2016 bank. If the disallowed
A workshop for young portion of the claim
officers, aged below 35 Donation to school Building construction run Donation of Maruti Van to Bala Vihar School a m o u n t i s m o re t h a n
by fishermen community at Padubidri, Udipi (for Special Children) Chennai Rs.10000/-, an amount of
years, was conducted at
IOBOA-Academy (Skill and maximum of Rs.30000/- for
Research Centre), Chennai on 20.03.2016. It was attended by about self (members) and Rs.20000/- for spouse is reimbursed by IOBOA as
300 young officers. Similar workshops were conducted by President a one-time measure. However, in the case of members who have
Com Dr J D Sharma at Lucknow on 26.03.2016 and Delhi on undergone major ailments like Kidney, Liver, Heart Transplants, a sum
28.03.2016. The history of IOB and IOBOA were explained to the of Rs.50,000/- maximum will be paid to help meet out the huge cost
younger generation. The formation of IOBOA, the struggles involved for such operations.
undergone by the illustrious Leaders of yester years, achievements of Besides, an additional amount of Rs.20,000/- out of medical fund
the organisation towards the working condition of the officer would be given to the family of deceased comrades under this scheme
employees, the activities of the Apex Organisation - the AIBOC etc., irrespective of the membership of IOBOA-CARE scheme.
were detailed to the participants with the support of documentray IOBOA HOUSE :
film. IOBOA has plans to conduct similar workshops throughout the
country and bring the gen-next officer members closer to the IOBOA owns a guest house at Chennai christened as “IOBOA -
organisation and make them involve more in the organisational SHRAM SAKTHI BHAVAN” which consists of 13 rooms and a mini
activities. hall - fully air conditioned. IOBOA owns guest houses at Hyderabad,
Delhi, Jaipur, Bangalore, Kolkata and Mumbai for the benefit of its
The Seminar marked a beginning of our journey towards skill members and their family. The rooms and hall are let out for a nominal
development and knowledge dissemination.We are confident that the rent which has to be paid on daily basis.
programs conducted on the topics of contemporary interests would
result in robust development of members' knowledge level. Shakthi Chidambaram Chettyar'sTrust (1995):
Enhancement of skill set of individuals would ultimately result in the IOBOA has been carrying out its Social Responsiblity initiative in 1995.
better performance of the officer members which ultimately will It joined Employees' Union and IOB Management in setting up the
result in the betterment of the Bank. IOB and IOBOA would emerge above Trust by making equal financial contribution to undertake
stronger in the coming days, no doubt. various programmes aiming at "women empowerment" through
CARE SCHEME - Contributory Assistance on Retirement and developments of vocational skills and help them start small business
in Emergency enterprises.
This is a unique scheme designed exclusively for the benefit of IOB Merit-cum-Means Scholarship (2006-07 onwards):
officers who are members of IOBOA-CARE. The scheme Union and Association donated Rs.45 lacs to the Education Trust run
partially/fully takes care of the medical expenses incurred in excess of by Trust of our Bank's Founder for the purpose of instituting Merit-
the eligibility. The CARE Scheme has many benefits to the advantage cum-Means scholarships on an on-going basis to the students of 3
of the officers who are denied reimbursement portion by the Bank, on Higher Secondary Schools being run by the Trust.
a case-to-case basis. The salient features of the scheme are : IOBOA is an organisation with rich tradition and the functionaries and
a. Admission Fee to CARE scheme is Rs.500/- per member. membership possess high degree of responsibility towards the
b. Each member shall pay an annual subscription of Rs.300/- beloved bank – IOB and the caring Organisation - IOBOA. The
favouring IOBOA on the salary day of April every year. Failure to heritage nurtured by the leaders of yester years is sustained and
contribute to the scheme will result in ceasing of the carried forward further by the present leadership espousing the cause
membership from the scheme. of its membership.
A grant of Rs.40,000/- in case of accidental death and Rs.30,000/- in The Organisation IOBOA does not stop with the dictum
case of non-accidental death of CARE member is paid to the family. 'Of the Members, By the Members and For the Members', our
Members of the scheme who had joined after 01.04.2007 shall be paid concern and efforts are aimed at the well being of our beloved Bank
an amount equivalent to 150% of their contribution with a minimum of and the Society as well.
Rs.1000/- and a maximum of Rs.10,000/- on retirement. We always remain an organisation with a difference!
IOBOA -THE CRUSADER Our Golden Jubilee Year is yet another mile stone in the history of
Our organisation is publishing its monthly house magazine “IOBOA - IOBOA and a strong message across the country about the
THE CRUSADER”. The magazine covers in brief the activities taking consolidation of our movement under the leadership who have been
place in IOBOA and at apex AIBOC level. The editorial, vigilance elected unanimously and would endeavor to sort out all the long
corner and other articles published in the magazine have captured the pending issues with the Management.
attention of not only the members, not only our bank top We assure you that with the solidarity of the membership IOBOA will
management but also other fraternal TU organisations, other banks, reach greater heights of glory in the days to come. Let us all strive in
Ministry of Finance etc. The magazine is acclaiming its pride among the this direction and pledge our support to the cause of the Bank
membership and the fraternity for its rich contents. The monthly Officers' fraternity under the banner of IOBOA and rally round the
magazine is being sent to all the branches and Central and Regional organization for all times to come.
offices and also to the affiliate organisations. The magazine will be With revolutionary greetings.
shortly hosted in IOBOA's website (www.ioboa.in).

INDIAN OVERSEAS BANK 763, Anna Salai, Chennai - 600 002. Phone : 044 - 2852 1925,
2852 5214, 2851 7072, 2851 4134, Fax : 044 - 2852 9515
OFFICERS ASSOCIATION Grams: “Crusader” Email: ioboa@iobnet.co.in, www.ioboa.co.in