THE CRUX OF CREATIVITYIt is always amazing to see creative people around us. It generates a feeling of wonderment in both the creator and the observer. It can often be felt when we see some videos on social media where the display of creativity is shown in many difficult jobs which get done with considerable ease. People who are creative devise new ways to solve a problem, implement solutions, develop strategies or cut costs. How do we understand the ‘Why’ of creativity, which like an art form, is at different levels for different people? It is just not the skill a person has but how much of the skill acquired is being challenged. Creativity challenges you and helps you rise above yourself to enhance whatever you do. Let us understand this with an example. Let us assume that you are a reasonably good footballer in your college team and your skills match up to the level of a college footballer. You have been asked to play against a junior team for a period of time. You will win a lot of games because of your higher level of skills. Apart from winning, boredom will also set in, which will decrease your interest in football. Similarly, you have been asked to play against a professional football team for a similar period of time. Now you are in a position where you will lose almost all the games. Over a period of time, you will lose interest in the game because you are always losing. In both the above cases, boredom incapacitates the mind to think beyond. If you cannot think beyond, you cannot be creative. The birth of creativity is when the skills are reasonably challenged. It is a state of mind when you are playing football with competition similar to yours. This is the state where you can get creative unknowingly to win or perform better. The underlying reality of creativity is to keep challenging your skills. The more often you do

that, the more often you will be creative. Of course, if you want to push your creativity to a higher level, you need to constantly improve your skills and keep challenging them as you keep acquiring them. It is a moment when inspiration strikes. You can feel it. It is time to move, to do. You will not be distracted. When your muse calls, the physical world disappears and your focus narrows to the task at hand. Words and forms and sounds and design elements must all be assembled in balanced harmony so that beauty can be born. This is what one would elaborate about the point of creative manifestation. This is an art which keeps changing from person to person based on their skills and the ability to challenge them. It is the ‘Why of Creativity’. Let us move to ‘How of Creativity’. It is the science of creativity. It is a set of processes which, if we continue to do, will get us the same results time and again. In this context, it will keep us always creative. Three ways by how we can push ourselves to be creative: 01. Go for the many – In a class of top photographers, two groups were created. Both groups had a single agenda: To submit one good photo in 48 hours. The first group was asked to take a single good shot and the second group was asked to take many photos and choose one to be the best. The results were clear-the group with more pictures had the best shot. So, it is with creativity-give yourself a larger option base and one will emerge as the most creative. The key is ‘choosing from the many’. 2. Build on the original-It is the breeding ground for creativity. The original search engines, when the internet began, were Yahoo and Lycos. They were the first, but Google, though not the original one, built a better product than the originals and the rest is history. Now Google built maps, but the creativity came in from Uber,

who built their entire business on Google maps. Creativity helms when an existing thing is bettered.

Learning is more than simply acquiring new knowledge and insight; it is also crucial to unlearn old knowledge that has outlived its relevance. Thus, forgetting is probably as important as learning. To generate new ideas, you have to accelerate the unlearning of old ones. The most important lessons lie not in what you need to learn, but in what you need to unlearn. We need to revisit old beliefs with new minds.

Purshotamdas Mandhana

Controversial but true-Deadlines are birthplaces for creativity. Procrastination is not a positive word but when associated with a deadline, it can turn many a work into works of creativity. In many a sport, when games are taken deep with level scores towards a deadline, we find creativity blossoming from players making the stage very intense. The five-set tennis matches, the super over in cricket or a penalty shootout in football games are examples of creativity blossoming at deadlines. Find yourself in these situations and feel the energy of creativity. Most importantly, this is not about finding yourself in a one-off creative moment but being there time and again. The crux of creativity is seeing things from a new perspective. The greatest block to creativity is old judgements. It is time to reprogram your minds. Try the untried. By allowing ourselves to be different, we give ourselves permission to be excellent rather than just normal. Just as we cannot plan new crops without first uprooting the old roots and giving the new seeds a chance, we need to unlearn before we can learn anew. Unlearning is the key.

Righteousness is the rule of life – Ramesh Kumar Bung. 01

Editor : Ranjana Sharma THEMONTHLYTABLOIDOFANDHRAPRADESHMAHESHCO-OPERATIVEURBANBANKLTD.

HAMARA PRAYASHAMARA PRAYASHAMARA PRAYASHAMARA PRAYASVolume - X | Issue : 6 | Price : ` 1/-

Chairman’s DeskFrom the

Postal Regn. No. : RNP/HD/1145/2020-2022

APENG/2011/38018, Dated 24-06-2011 RNI Regn. No. :

Date of Publication : 7th June, 2020

9th June, 2020Date of Posting :

Anytim -Banking Centre

Associate Editor : A. V. Rama Rao

There are two kinds of pride. Good pride and bad pride. Self-respect,

self-worth, delight at one's success or another's achievements in

moderate levels are acceptable and constitute good pride. Conceit,

vanity, exaggerated self-esteem, inflated ego, an 'I am the best'

attitude, boasting and high-mindedness, haughty behaviour out of

arrogance and self-glorification to self-admiration – all these constitute

bad pride.

The minister told the farmer about his predicament. The farmer

thought for a while and said, 'Please take me to the king and I will clear

his doubts for sure'. The next day the farmer was introduced to the

king in his court. The king asked the farmer, 'Do you have the answer?

If so, tell me now.' The farmer bowed before the king and said, 'Your

Majesty, can you come down from the throne all of the 11 steps, and I

will tell you the answer.' The king thought for a while and came down

the 11 steps and was next to the farmer and the minister. The farmer

quickly climbed the 11 steps and sat on the throne. The king was

confused. He roared at the farmer who was occupying his position

and asked him, 'What on earth are you doing?'

We have seen some great personalities in many fields rise from rags to

riches. We have also seen many of them fall from the heights they have

reached in their careers and in most of these cases, the reason is that

they were unable to handle their success. 'Pride comes before a fall' is a

universal truth; it is one of the deadliest sins and is a combination of

many other sins put together. The other sins include greed, laziness,

excessive sense indulgences, anger, selfishness, lust fear and jealousy. This cancerous, lethal and destructive quality of pride has perhaps,

more than any other negative quality has brought down kingdoms,

toppled empires, caused wars, destroyed marriages, ruined a lot of

friendships and spoiled many businesses. The spirit of pride has to be

absolute king of all the negative and destructive qualities that can enter

our personalities and no one is immune to it. As a good human being,

we should keep a sharp eye on that negative quality and be aware of

every moment and ensure that those destructive qualities do not rule

on to our personalities or mindset.

PRIDE COMES BEFORE A FALL

Many years back, there was a haughty king who ruled a kingdom and

the subjects feared his wrath, which was caused by his excess pride.

One day the king called his learned minister and asked him, 'What is

god's work after he created the world?' The minister could not come up

with an answer and that irritated the king. The king said, 'By tomorrow

if you do not give a satisfactory reply, your head will be severed'. The

minister rued over the situation and was passing by a field in

contemplation to get the answer. A farmer came from the paddy field

where he was working and asked the minister, 'Sir, what are you

worrying about?'

The farmer replied, 'Your Majesty, what was your question, can I ask it

again?' The king was extremely angry but asked the same question he

had asked the minister. The farmer had a twinkle in his eye and

explained to the king, 'As much as God creates and brings out the best

in people, he also dislikes the pride and vanity and brings down

people who act so. God can bring down anyone in matter of seconds.

This is just an example and if you mend your ways there will be

cooperation and harmony in our kingdom'. He said, 'Pride comes

before fall'. The king understood his folly and became a changed

man and ruled his empire well. The king was lucky to have got such

good advice. We might not be so lucky if we are not careful. A rich man bought a Contessa car. He told his assistant that he was

going to Tirupati that afternoon. When he asked the rich man how

much time would take to reach, he told him that while the

Ambassador and the Fiat would take four hours, his Contessa car

would take just 2 ½ hours. They started around 3 p.m. from Madras

and the car developed some fuel line problems and they had to call a

mechanic from Madras to set it right. They could reach Tirupati

around midnight. It took them a whole nine hours! We all know of the music band called the Beatles, the English rock

band from Liverpool. John Lennon, one of the musicians in the band

said, 'No one, even Christ is as famous as we'. There was so much of

pride and exactly a year later, they were gone. Taneredo Neeves was

the former leader of Brazil. He said, 'If I win 500000 votes even God

cannot shake me from being the First Civilian President of Brazil'. He

did win the election after getting the 5 lakh votes and he was to be

sworn in as the President but died the day before the searing-in due to

some interesting disease. The strength of pride must eventually surrender to the power of

humility. During our entire short stay on this planet, let us all refrain

from getting pride to come in our way. Pride (ego) leads to

terminal fall. It eats up the very possibility of love or contentment or

common sense. Stay humble and accountable in your walk of

life.

Ramesh Kumar Bung

SENIOR VICE-CHAIRMAN INKSSENIOR VICE-CHAIRMAN INKS

Righteousness is its own reward– Ramesh Kumar Bung.02

The Bank has donated a sum of `25.00 lakhs

to PM-CARES FUND towards COVID-19 relief.

BANK DONATES A SUM OF

`25.00 LAKHS TO PM RELIEF FUND

As of now, a vaccine has not been formulated for the novel corona virus. In

light of this fact, prevention appears to be the best cure available so far.

Here are the measures you need to take to keep the virus at bay:

My Dear Colleagues,

The outbreak has been declared an epidemic in more than a dozen states

and union territories, where provisions of the Epidemic Diseases Act,

1897 have been invoked, and educational institutions and many

commercial establishments have been shut down. India has suspended all

tourist visas, as a majority of the confirmed cases were linked to other

countries. The lockdown situation due to this corona virus has adversely

affected the health, wealth, economic condition in general and banking

sector in particular. With corona virus threatening to run riot in India,

here's how you can keep yourself safe from the scourge.

PANDEMIC COVID-19

Ÿ Remember to keep your surroundings both at your workplace and

home as well neat, spick and span.

Ÿ Avoid touching your eyes, nose, and mouth.

Ÿ Avoid close contact with people who are sick. Maintain at least three

feet distance between yourself and anyone who is coughing or

sneezing.

You are aware that the first case of the COVID-19 pandemic in India was

reported on 30 January 2020, originating from China. A total of 182,143

cases and 5164 deaths in the country have been reported so far. India

currently has the fourth largest number of confirmed cases in Asia with

number of cases breaching the 100,000 mark. India's case fatality rate is

relatively lower at 3.09%, against the global 6.63%.

MD & CEO SPEAKS

Umesh Chand Asawa

Ÿ Stay home when you are sick.

Ÿ Clean and disinfect frequently-touched objects and surfaces using a

regular household cleaning spray or wipe.

I earnestly appeal to all of you to take care of your health, the wellbeing of

the people around, colleagues and your family and finally the nation.

Cordially yours,

Ÿ Wash your hands often with soap and water for at least 20 seconds,

especially after going to the bathroom, before eating, and after

blowing your nose, coughing, or sneezing.

Please take care and stay safe.

Ÿ If you have a fever, cough and difficulty breathing, seek medical

attention immediately.

Ÿ If soap and water are not readily available, use an alcohol-based hand

sanitizer with at least 60% alcohol. Always wash hands with soap and

water when hands are visibly dirty.

Ÿ Wearing a mask is absolutely necessary and asking your customers to

wear masks is quite mandatory. It is again imminenet to wear when

you are taking care of an infected person. The Centers for Disease

Control (CDC) does recommend that infected people wear masks to

prevent the spread of the virus.

Ÿ Cover your cough or sneeze with a tissue, then dispose of the tissue

safely.

BANK EXTENDS HELPING HAND FOR THE CORONA RELIEF FUND

Righteousness is the highest of riches– Ramesh Kumar Bung. 03

Mahesh Bank has extended its helping hand for the COVID 19 relief fund and handed over a cheque of

� 50.00 lakhs to Sri S. Niranjan Reddy, Hon'ble Minister for Agriculture and Cooperation. Sri Purshotamdas

Mandhana, Chairman, Sri Ramesh Kumar Bung, Senior Vice-Chairman and Sri Umesh Chand Asawa, MD &

CEO on the occasion.

A gardener was asked to convert a barren land into an orchard. He

had varieties of seeds with him. Of these, a bamboo seed and an

ordinary brown seed became friends. It so happened that when the

gardener planted all the seeds, the bamboo seed and the brown seed

were placed side by side. The seed friends were thrilled to be placed

next to each other. They decided to keep talking to each other. Brown

seed: 'I wish you all the best to grow into a large tree!' Bamboo seed:

'Wishing you the same my friend!'

After one year... Brown seed said: 'I have grown into a plant. Why are

you remaining the same size as a seed?' Bamboo seed replied: 'Me.. I

am growing my roots strong internally. I am confident that one day I

will grow into a large tree!' Three years later.... Brown seed: 'Look at

me... Now I am already a small tree. Why no growth in you?' Bamboo

seed answered: 'One day I will become a big bamboo tree. I believe in

my growth and so does the gardener. He is watering me daily,

although I have not yet sprouted. Day by day I am strengthening my

roots'.

After 5 years – Brown seed: 'I have grown into a huge tree. What has

happened to you? Are you alive? Why aren't you growing?' Bamboo

seed: “Hey! I am alive and growing my roots. My gardener said, 'Even

if others do not believe in you, you have got to believe in yourself'. I

Krishna tells Arjuna, 'Whatever a superior is being done, the others

imitate. His actions set standard for people to follow. There is nothing

in the three worlds that has to be done by me nor is there anything

unattached that should be attained by me. Yet, I am consciously

present in the performance of all actions. Should I not engage myself

in actions, without pause, men would wholly imitate my way'

(Bhagavad-Gita-III-21 to 23).

Born in a royal family, Arjuna has a responsibility towards his

community. As a warrior, it is in his nature to fight. His subjects look up

to him. They will follow whatever he does or does not do. Now, unless

Arjuna fights, chances are his entire community will follow him and

withdraw from righteous action. It will cause the extinction of his

community and their culture. Krishna questions Arjuna – 'Why don't

you observe me?' Being a Yogi, Krishna has no desire of achieving or

gaining anything from the world. Krishna says, 'If I do not work, men

will follow me and sink into inactivity and become unproductive'. So,

Krishna said, 'Even if it is not for you, for the sake of the people you

must lead. Fight Arjuna, Fight'.

The unspoken message is: People will follow my examples and not my

advice. There is no point in the dad talking about honesty to the child

and then telling a lie on the telephone a moment later. The child will

only live up to the standard the dad sets.... for whatever a superior

does, others imitate. Man is an imitating animal. Students can be

Humility sheds effulgence on the greatness of man– Ramesh Kumar Bung.04

BAMBOO SEED AND BROWN SEEDbelieve in myself and I am able to feel that I am growing”. A few days

later – Brown tree: 'Finally I am able to see a small sprout in you. At last

you have begun to grow.... But dude, at this rate you are going to take

another 100 years to grow into a tree!' Bamboo sprout: 'I will grow into

a big tree soon! My belief in my growth is very strong'.

After 5 years and six months miraculously, the bamboo tree shot up to

100 feet height! Brown tree sadly expressed: 'That is incredible

growth! Suddenly you are multiple times taller than me! What were

you doing all these years? Tell me your secret please'. The Bamboo

tree replied: 'It is simple my dear friend. I was strengthening my roots

and along with it my belief system too. Most importantly I did not

compare myself with others who grew faster than me. On the contrary,

I celebrated others' growth. When you do this, your growth is certain'.

The bamboo tree truly believed in itself, even when others around lost

hope. Even when the growth was not visible to the eyes, it continued

to have faith in its growth. It did not panic and with faith, it waited for

its time for growth. Meanwhile it used its incubation time to grow its

roots stronger to handle the 100 feet height later.

Raghuram ShettyGeneral Manager

disciplined only when teachers set such standards; junior executives

will not be honest when the higher officials are not corrupt.

The disciple argued, 'When my master does not meditate regularly,

then why should I?' The master has already attained the state and no

longer requires a process to be in a state of meditation. Yet, people will

only follow your examples and not your advices. So, for the sake of

leading by example, the master would continue to observe the

austerities in order to guide his people. People learn much more

from what they see than what they hear.

A Masthan ReddyJoint General Manager

UNSPOKEN MESSAGES FROM SCRIPTURES

SOME DAYS YOU JUST HAVE TO CREATE

YOUR OWN SUNSHINE

TIME TO LOVE

Practice of truth is the greatest penance – Ramesh Kumar Bung. 05

RBI Governor Shaktikanta Das briefed the media on 22 May, on the

latest policy announcements as the COVID-19 lockdown weighs

heavily on the Indian economy. The RBI governor announced

slashing of repo rate by 40 basis points

from 4.4 % to 4%. Meanwhile, the reverse

repo rate stands reduced to 3.35%. The

three-month loan moratorium has also

been increased from 1 June to 31 August.

He said that the impact of COVID-19 has

forced the top 6 states to contribute to

manufacturing in red, while effecting

losses in production and crashing

demand, and a dip in power and fuel

consumption. Here are a few other

statements made by RBI Governor, Shaktikanta Das.

'GDP growth in 2020-21 expected to remain in negative category with

some pick up in the 2nd half' India is seeing a collapse of demand;

electricity, dip in petroleum product consumption; fall in private

consumption.

Amidst this encircling gloom agriculture and allied activities have,

however, provided a beacon of hope on the back of an increase of

3.7% in food grain production to a new record. The biggest blow came

from private consumption slump with consumer durables production

falling 33 percent in March 2020.

Amidst this encircling gloom agriculture and allied activities have,

however, provided a beacon of hope on the back of an increase of

3.7% in food grain production to a new record. Measures announced

today can be divided into 4 categories: to improve functioning of

markets, to support exports and imports, to ease financial stress by

giving relief on debt servicing and better access to working capital and

to ease financial constraints faced by state governments.

RBI to roll over Rs 15,000 crore refinance facility for SIDBI for 90 days.

Export credit period has been increased to 15 months from 1 year.

The central bank governor's address comes just days after the Centre

announced a Rs 20 lakh crore economic package to tide over the

impact of the coronavirus crisis, with

Finance Minister Nirmala Sitharaman

announcing different tranches aimed

a t MSMEs , f a r me r s , m i g ran t

labourers, vendors, etc, in daily press

briefings.

In mid-April, Shaktikanta Das had

made severa l announcements

regarding India's financial situation

amidst the pandemic, including

lowering the reverse repo rate and

announcing targeted longer-term refinancing operations TLTRO-2.0.

On 27 March, RBI had cut the repo rate by a record 75 basis points to a

15-year-low of 4.40 percent. It was the steepest cut since October

2004.

'Repo Rate Cut to 4%, GDP to Be in Negative in FY 20-21': RBI

It is a timeless wisdom.... 'That on which you invest time, grows'.

If your business has been doing well, it is because you have been investing time on it.

If your social circle is expanding, it is because you have been investing time on it.

If your family life is deteriorating, it is because you have not been investing time on your family.

If your relationship with your child has not been what it used to be, it is because you have not been investing time on your

child.

The opposite is also true .....'That which is starved of time, shrinks'.

If you desire a happy family, you must invest time on your family.

You enjoy parenting.... so you must invest time on parenting your child.

Remember, the spelling of 'Love' in family is 'Time'.

Ranjana SharmaEditor/Dy. Gen. Manager

The growth of every individual lifts the world in turn. In the rise of every man, the world should rise a little.

Ramesh Kumar Bung

The sun's closest stellar neighbours are three stars in the Alpha Centauri

system. The two main stars are Alpha Centauri A and Alpha Centauri B,

which form a binary pair. They are an average of 4.3 light-years from

Earth. The third star is Proxima Centauri. It is about 4.22 light-years from

Earth and is the closest star other than the sun.

Alpha Centauri A and B orbit a common centre of gravity every 80 years.

The average distance between them is about 23 astronomical units (AU)

— a little more than the distance between the sun and Uranus. Proxima

Centauri is about one-fifth of a light-year or 13,000 AUs from the two

other stars, a distance that makes some astronomers question whether it

should be considered part of the same system. Proxima Centauri may be

passing through the system and will leave the vicinity in several million

years, or it may be gravitationally bound to the binary pair. If it's bound,

it has an orbital period around the other two of about 500,000 years.

Planet potential: Astronomers announced in August 2016 that they had

detected an Earth-size planet orbiting Proxima Centauri. The newfound

world, known as Proxima b, is about 1.3 times more massive than Earth,

which suggests that the exo-planet is a rocky world, researchers said. The

planet is also in the star's habitable zone, that just-right range of distances

where liquid water can exist. Proxima b lies just 4.7 million miles (7.5

million kilometres) from its host star and completes one orbit every 11.2

Earth-days. As a result, it's likely that the exo-planet is tidally locked,

meaning it always shows the same face to its host star, just as the moon

shows only one face (the near side) to Earth.

However, it's unclear just how habitable Proxima b is from today's

telescopes. This means that astronomers need to run models and do

comparative studies to better understand how habitable the planet

might be. As a start, the planet needs a closer look for investigators to

look for signs of an atmosphere. From there, the investigators can

extrapolate if that atmosphere (if present) allows liquid water to flow on

the surface. Even the surface temperature of the planet depends on the

atmosphere, which would also play into habitability characteristics.

Because Proxima b is so close to a red dwarf, habitability problems are

already coming to scientists' minds. For one thing, the planet is so close

that it likely is tidally locked to the star, meaning that one side of the

planet is always facing the star. This means one side of the planet would

be very warm, while the opposite side would be very cold – unless winds

could distribute the heat around the planet. That makes it hard for life to

exist. But the planet's close distance to the red dwarf presents other

problems too. Red dwarfs are unstable stars, particularly when they are

young – they have a lot of stellar activity and produce charged particles,

On 28th of May, 2020, RBI (Reserve Bank of India) imposed

monetary penalties on three banks for various rule violations. The

central bank imposed fines of Rs 1.2 crore on Karnataka Bank, Rs 5

crore on Bank of India (BoI) and Rs 30 lakh on Saraswat Co-operative

Bank for non-compliance with certain provisions related to income

recognition, asset classification and provisioning pertaining to NPA

(non-performing accounts).

RBI said that penal action was taken after inspection of the banks and

issuing show-cause notices. These periodical checks of books of the

w h i c h c a n p r o d u c e

intense radiat ion on

nearby planets. Some of

this radiation can strip

molecules off the top of a

planet's atmosphere and

t h i n i t o v e r t i m e ,

according to 2017 studies

led by the NASA Goddard

Space Flight Centre in

Greenbelt, Maryland.

Studies of red dwarf stars are ongoing to better understand the

habitability of Proxima b. In November 2017, another planet in the

habitable zone of a red dwarf was discovered that's almost as close to

Earth as Proxima b is. Called Ross 128b, this planet orbits a red dwarf

star that appears much quieter than that of Proxima b. The research

team said that finding out more about its atmosphere will require a next-

generation telescope such as the European Extremely Large Telescope,

the Giant Magellan Telescope and the Thirty Meter Telescope that all are

expected to be active in the 2020s.

Binary stars: To the naked eye, the two main stars shine as one, making

them the third brightest "star" in our night sky. The two separate stars can

be seen through a small telescope; one of the finest binary stars that can

be observed. Proxima Centauri is too faint to see unaided, and through

a telescope it appears about four diameters of the full moon away from

the other two.

By itself, Alpha Centauri A, also known as Rigel Kentaurus, is the third

brightest star in the night sky; just a bit dimmer, by 0.02 of a magnitude,

than Arcturus. It is a yellow star of the same type (G2) as the sun, and it is

about 25 percent larger. Alpha Centauri B is an orange K2-type star,

slightly smaller than the sun. Proxima Centauri is a red dwarf about

seven times smaller than the sun, or one-and-a-half times bigger than

Jupiter. All three stars are a bit older — 4.85 billion years old — than the

sun, which is about 4.6 billion years old. The system is in the Southern

sky and is not visible to observers above the latitude of 29 degrees north

— a line that passes near Houston, Texas, and Orlando, Fla. In the

Southern Hemisphere, it's easy to find because the cross-piece of the

Southern Cross (from Delta to Beta Crucis) points the way. Its right

ascension is 14h 39m 41s and its declination is minus 60 degrees 50

minutes 7 seconds.

A V Rama Rao

banks are conducted by the central bank for possible violations or

irregularities in transactions.

"This penalty has been imposed in exercise of powers vested in RBI

under the provisions of section 47A (1) (c) read with sections 46 (4) (i)

and 51 (1) of the Banking Regulation Act, 1949 (the Act). This action

is based on the deficiencies in regulatory compliance and is not

intended to pronounce upon the validity of any transaction or

agreement entered into by the bank with its customers," RBI said with

regard to BoI's penalty.

The path of honesty is straight and smooth– Ramesh Kumar Bung.06

ALPHA CENTAURI: NEAREST STAR SYSTEM TO THE SUNALPHA CENTAURI: NEAREST STAR SYSTEM TO THE SUNALPHA CENTAURI: NEAREST STAR SYSTEM TO THE SUN

RBI Imposes Fines On 3 Banks For Violation Of Rules

01. Tunku was a farmer. He is fond of bitter guards (karela). Somehow,

he collected its seeds and planted in his field. He daily watered them

and guarded them carefully. After some days, the seeds sprouted and

became creepers, crept on canopy constructed by Tunku. First yield

was three bitter guards, which he gave to his wife and asked to her to

fry them. After she cooked, her mouth watered and ate one piece to

see the taste. Since it was very tasty, she ate another piece thinking

that it is her share. When Tunku came for dinner from his field, she

served only one fried bitter guard. When Tunku got angry and

rebuked her, 'How did you eat the other two?', she ate the last one

also saying, 'Like this'.

02. Perfectly Explained: "What is an Object Oriented Programming:

Father – Son, Go and get Red Label.. Son – 750ml or 1 Litre??

Mother – Son, Go and get Red Label.. Son – 500gms or 1 Kg??

03. The symptoms of Corona virus are – sweating, weakness, diarrhoea

and stomach pains. Basically, it is the same kind of feeling you get

when you see your wife checking your phone.

04. Caller tune has become Corona tune. When you call anybody, you

will listen to continuous cough and sneezes.

05. Neighbouring woman: How is your new daughter-in-law? Tunku's

mother: She has a tender heart. She cannot withstand seeing me

doing housekeeping, cooking and washing clothes. Neighbour: Very

good. It means all the work is done by her only; isn't it? Tunku's

mother: No, no. As she cannot see me working, she goes to her room

and locks it from inside.

06. Mother-in-law, Son-in-law and his wife went to a preaching of

Swamiji. Swami asked: Raise your hands who wish to go to heaven.

Everyone raised hands except son-in-law. Swamiji asked him: What

is that? You don't want to go to Heaven? Son-in-law replied: When

both of them are there at a place, can it be called heaven?

07. What is the reason your mummy is not opening her mouth and

incapable of speaking? Tunku: When she asked lipstick, I have given

her fevi-stick.

08. Tunku: Doctor, please advise me for getting a sound sleep. Doctor: It

is very important to have a peaceful atmosphere around you. You

should have soft bed and a thin pillow. Listen to a good music and try

to sleep calmly. Tunku: What? Is it possible to arrange all these things

in my office?

09. Police station received a phone call. It said: Sir, I am former thief

Tunku. Do you have any idea of a famous and expert thief in your

area? Inspector asked curiously: Why? Tunku: We are looking for

suitable matches for our daughter. I have to bring the bridegroom

according to our status, isn't it?

10. During lockdown, Tunku took out the harmonium and started

playing it with a big sound. He asked his wife how he was playing.

Wife: Why can't you try in TV? Tunku: Do I have that much talent?

Wife: No, no. We have at least an option to switch off the TV.

Gopal Kishan Dev Sharma

HO: Clearing

Truth is the super most virtue– Ramesh Kumar Bung. 07

CORNERCORNERCORNERCORNERCORNERCORNERCORNERCORNERCORNERCORNERCORNER

 REVISION IN RATES OF INTEREST ON TERM DEPOSITS[WEF 01.05.2020]

SLAB RESIDENT INDIANS SENIOR CITIZEN(60 to 75 Years)

SUPER SENIOR CITIZEN(Above 75 Years)

NRE

Savings Deposit

TERM DEPOSITS

30 days to 90 days

91 days to 180 days

181 days to 299 days

300 days

301 days & up to 1 year

Above 1 year & up to 2 years

Above 2 years & up to 3 years

Above 3 years & up to 5 years 

Above 5 years

TAX SAVER SCHEME

5 years and above

4.00

6.00

6.25

6.75

7.50

6.75

7.25

7.50

7.00

6.75

7.25

4.00

6.50

6.75

7.25

8.00

7.25

7.75

8.00

7.50

7.25

7.75

4.00

6.75

7.00

7.50

8.25

7.50

8.00

8.25

7.75

7.50

8.00

4.00

-

-

-

-

-

7.25

7.50

7.00

6.75

-

You make your own life, your world by your own thought– Ramesh Kumar Bung.08

THE STORY OF SOMILAKA

In a certain town, there lived a weaver by the name Somalika. The

cloth he wove was so exquisite that it was fit to be worn by kings. But

somehow, he could earn only just enough to make two ends meet. On

the other hand, the other weavers, who produced inferior cloth, had

become very rich. Seeing this, the weaver said to his wife, 'My dear,

look at this! These weavers produce inferior cloth and yet they have

become rich, while I remain poor. I am fed up with this place. I mean to

go to some other kingdom and make money there'.

His wife replied, 'My dear husband, you are quite wrong in thinking

that you will earn money somewhere else, when you can make it here.

So, carry on working here'. The weaver said, 'What you say is not true.

Even if destiny makes food available, you have to stretch out your

hand and take it. It does not fall into your mouth. It is the people who

make a determined effort who succeed. And so, I have made up my

mind to go somewhere else'. Soon after this, the weaver left his home

town and went to Vardhamanapura.

He lived there for 3 years and earned 300 pieces of gold. Then he

started off on his journey home. He was half way home and still deep in

the jungle, when the sun set. For fear of the wild animals, he climbed up

a big banyan tree and went to sleep there. While he slept, he had a

dream. He saw two terrifying looking people, arguing with each other.

One of them said to the other, 'Why did you allow Somalika to earn 300

pieces of gold? Don't you know that he is destined to earn only what he

requires for his food and clothing?' The other replied: 'Destiny! What

could I do? This man put in a great effort and I had to reward him

according to his actions. But it is still for you to decide how much he is

going to retain. So why blame me?'

When the weaver woke up, he peered into his bundle and found that

the gold coins had disappeared. He began to think sadly, 'Oh, whatever

had happened? I took so much time and trouble to earn this money

and it has vanished in a moment. All my efforts were in vain. How can I

show my face to my wife and friends in this poverty-stricken condition?'

He decided not to continue the journey home and he returned to

Vardhamanapura. In a year's time, he had earned 500 gold coins.

Once more, he started off on his homeward journey. As before, half

way home, he was still deep in the jungle when the sun set. For fear of

losing his gold coins, as on the previous occasion, he did not stop to rest

but continues to walk fast, even though he was very tired.

After a while, he heard voices. Two men were talking. One of them said

the other: 'Why did you let Somalika earn 500 gold pieces? Don't you

know that he is destined to earn only what he requires for his food and

clothing?' the other replied: 'Destiny! What could I do? The man put in

a great effort and I had to reward him according to his actions. But it is

still for you to decide how much he is going to retain. So why blame

me?' When Somalika heard this, he peered into his bag and found that

the gold coins had disappeared.

He was so utterly disheartened that he thought to himself, 'Oh, what is

the good of living, if I have lost my money. I shall hang myself from this

banyan tree'. And so, he wove a rope of grass, made a noose and tied

the rope to the tree. He put the noose around his neck, and was just

about to throw himself down, when he heard a voice from heaven:

'Somalika, Stop! Don't do such a thing! It is I, Destiny, who stole your

gold coins. I cannot bear that you should earn even a rupee more than

what you require for your food and clothing. But I am pleased with

your industrious spirit. I have not revealed myself to you in vain – ask

any boon of me and I will grant it'.

Somalika replied: 'Very well then, please give me a lot of money'. The

voice asked: 'But what will you do with money that you cannot make

use of? You are not destined to earn more than what you require'.

Somalika said: 'Even if I cannot enjoy it, please give it to me as a man

who has riches is always well received by everyone, even if he is a

miser or of low caste'. The voice from the sky said, 'But first return to

Vardhamanapura and go to the home of two merchants. One is called

Guptadhana and the other Upabhuktadhana. When you have studied

their behaviour, come back and tell me whether you would prefer to be

like Guptadhana and have money but not enjoy it, or to be like

Upabhuktadhana and have no surplus money because you enjoy

spending all what you have'. Then the voice in the sky ceased.

Somalika started back to Vardhamanapura in a dazed condition. By

evening he reached the city absolutely worn out. He inquired for

Guptadhana's house and finally arrived there. Although Guptadhana,

his wife and his son objected very strongly, he forcibly entered their

house and became their guest. When it was meal time, they gave him

food but in a most insulting manner. When he had finished eating he

went off to bed. While he slept, he heard the same two people talking.

One of them said to the other, 'Why did you force Guptadhana to

provide Somalika with a meal when he gave it so begrudgingly? Don't

you know that Guptadhana is destined to have money but not enjoy

spending it on himself or others?'

The other replied, 'Destiny! What could I do? Somalika's needs had to

be provided for and Guptadhana did it according to his own miserly

nature. But it is for you to decide the final outcome. So, why blame?'

Early the following morning, when Somalika got up, he found that

Guptadhanqa had an attack of Cholera and could not eat all day. Then

Somalika went on to Upabhuktadhana's house. He was welcomed

with open arms. His hosts provided him with excellent bathing facilities

and gave him new clothes. Afterwards, he dined lavishly.

At night time, he retired to a comfortable bed and went to sleep. While

he slept, he heard the same two people talking. One of them said to the

other, 'Why did you allow Upabhuktadhana to entertain Somalika so

extravagantly, even to the extent of asking for credit at the grocer's?

Don't you know that Upabhuktadhana is destined to have no surplus

money because he enjoys spending all that he has?' the other replied:

'Destiny! What could I do? Somalika's needs had to be provided for

and Upabhuktadhana did it according to his own generous nature. But

it is for you to decide the final outcome. So why blame me?'

Early next morning, one of the king's servants arrived and brought

money for Upabhuktadhana. When Somalika saw this, he said, 'This

man is not rich and yet he is better off than Guptadhana. Let destiny

make me like Upabhuktadhana'. His wish was granted and he began

to enjoy his money to the full just like Upabhuktadhana.

T. Gangadhar RaoHead Office

PANCHATANTRA

Unity should be found at home first and then let them talk of world unity– Ramesh Kumar Bung. 09

Our Bhilwara Branch had installed a cool watershed to quench the thirst of the people during the severe summer. Sri Manju Chachani, the Municipal Chairman inaugurated the same.

Other officials along with manager and staff are seen in the photograph.

MAHESH BANK INSTALLS WATERSHED AT BHILWARA

With the March-end deadline for the biggest-ever amalgamation

scheme is approaching, ten state-owned banks announced swap

ratios for the proposed mergers. Punjab National Bank (PNB) in a

regulatory filing announced the share exchange ratio in accordance

with the scheme of amalgamation, as it is set to merge Oriental Bank of

Commerce (OBC) and United Bank of India (UBI) into itself with

effect from April 1.PNB's board in its meeting has approved for amalgamation of OBC

and UBI, Punjab National Bank said in a BSE filing. According to the

swap ratio, 1,150 equity shares of PNB are to be exchanged for every

1,000 equity shares of Oriental Bank of Commerce, while 121 equity

shares of PNB are to be swapped for every 1,000 equity shares of UBI.

A Grievance Redressal Committee headed by Vijay Kumar Vyas,

retired judge of Rajasthan High Court, has been set up to address the

grievances of shareholders. The committee is intended to address

those shareholders who either individually or collectively hold at least

1% of the equity capital of any of PNB, OBC or UBI; or 100

shareholders acting collectively, of any of PNB, OBC or UBI.'The board of directors of the bank...have fixed Wednesday, March 25,

2020, as record date for issuing and allotting equity shares of the PNB

to the shareholders of OBC and UBI as per the share exchange ratio,'

PNB said in the filing. Meanwhile, Andhra Bank also announced the

swap ratio for its merger, it said in a filing. Andhra Bank and

Corporation Bank are to be amalgamated into Union Bank of India

with effect from April 1, 2020. Andhra Bank said, 'Further, the board

of directors of the bank at its meeting held on March 5, 2020, has

approved the equity share exchange ratio for amalgamation of

Andhra Bank into Union Bank of India for 325 equity shares in Union

Bank of India for every 1,000 equity shares in Andhra Bank.' Union

Bank in a separate exchange filing said its board at its meeting on

Thursday has also approved the equity share exchange ratio. It

includes 325 equity shares of Union Bank of India for every 1,000

shares in Andhra Bank and 330 shares in Union Bank for every 1,000

equity shares in Corporation Bank.Also, for Syndicate Bank's merger into Canara Bank, the share swap is

158 equity shares of Canara Bank for every 1,000 equity shares of

Syndicate Bank. The lenders in their respective filings to the exchange

said their boards have approved the amalgamation of Syndicate Bank

into Canara Bank. For these two banks, an expert committee

(Grievance Redressal Committee ) is to be headed by K N

Keshavanarayana, former judge of the High Court of Karnataka, to

address the grievances of minority shareholders.Meanwhile, Allahabad Bank also said that as per the its amalgamation

into Indian Bank, its board of directors approved the swap ratio. It

said, '115 equity shares of Rs 10.00 each of Indian Bank (transferee

bank) for every 1,000 (one thousand) equity shares of Rs 10.00 each

of Allahabad Bank (transferor bank).' The Union Cabinet on

Wednesday had okayed the amalgamation of 10 public sector banks

to create four large state-owned lenders with effect from April 1, 2020.According to the mega consolidation plan, OBC and UBI will merge

into PNB; Syndicate Bank into Canara Bank; Andhra Bank and

Corporation Bank into Union Bank of India; and Allahabad Bank into

Indian Bank. After the mergers, there will be seven large public sector

banks (PSBs) and five smaller ones. Last year, Dena Bank and Vijaya

Bank were merged with Bank of Baroda. Prior to this, the government

had merged five associate banks of SBI and Bharatiya Mahila Bank

with the State Bank of India. The anchor bank Punjab National Bank

will become the country's second largest bank, with business size of Rs

17.94 lakh crore, after SBI which has business of over Rs 52 lakh crore.Bank of Baroda will become the third largest bank, followed by

Canara Bank, Union Bank of India, Bank of India, and Indian Bank.

The other PSBs are Central Bank of India, Indian Overseas Bank,

UCO Bank, Bank of Maharashtra, and Punjab and Sind Bank. Stock

of PNB closed at Rs 44.90 on the BSE, up 1.01% , while Union Bank

of India's shares jumped 8.25 per cent to Rs 39.35 apiece. Canara

Bank rose marginally by 0.40% to close at 139.45 apiece.

10 state-owned banks announce share swap ratios for mergers

01. What are the benefits of 'RuPay' Cards?

02. What is 'Cheque Truncation?' What are its characteristics?

03. Banks tend to safeguard their advances by taking different kinds

of securities. Banks take movable/immovable properties or a

debt security for the loan. There are different methods of

creating a charge over a property. How many charges are there?

04. What is Lien? Give details.

05. What is RuPay? Give details.

06. All floating rate rupee loans sanctioned and renewed w.e.f.

April, 1, 2016 were priced with reference to the MCLR which

will be the internal benchmark for such purposes. What is

MCLR?

07. The MCLR shall comprise --------

08. Which can be called as External Benchmark for granting loans

in banks?

09. Which are becoming central to financial service innovations?

10. In fixing the valuation of the property, which points are to be

considered in banks?

11. Which precautions are to be taken for advances against goods?

12. Mobile banking service is primarily available over SMS (Short

Messaging Service) or through GPRS (General Packet Radio

Service) or sometimes through USSD (Unstructured

Supplementary Service Data). Which services are available

Do not perform any action which your own heart feels ashamed to do– Ramesh Kumar Bung.10

BANKING AWARENESS under Mobile Banking?

13. What are the advantages of Mobile Banking?

14. What are the major objectives of computerisation in banking?

15. How many types of ATM models are there in India?

16. Which components of the ATM provide the customer interface?

17. The Per Capita Income of India at current prices during 2019-

20 is estimated to be `134432, showing a rise of ------% as

compared to ̀ 126521 during 2018-19.

18. Central Government approved the mega consolidation of 10

PSBs into 4. What are they?

19. Explain briefly about Foreign Direct Investment.

20. The Central Board recommended crediting of ----- annual rate

of interest on the EPF accumulations in the EPF members'

accounts for the year 2019-20.

21. What is 'Money Market'? Give details.

22. When Certificate of Deposit was introduced? Give details.

23. What is Scheduled Bank? Give details.

24. Paid-up Capital of RBI is ` 0.05 billion. It is held by

Government of India. Which are known as reserve funds of

RBI?

25. Who acts as banker to the Central Government? Give details.

[Answers on Page No: ]12

BEWARE! SHARING BANK DETAILS TO GET REFUND ON CANCELLED TICKETS MAY LEAVE YOUR ACCOUNT EMPTY

Beware! Save yourself from cyber fraud-the Indian Railways Catering

and Tourism Corporation ( IRCTC) has warned passengers, following a

surge in the instances of cyber frauds, where fraudsters had conned

unsuspecting customers – who cancelled their journey tickets-to share

their sensitive bank details to get the refund amounts credited to their

accounts. "IRCTC never asks your personal banks details for any

reasons. Sharing personal details may lead to frauds," said the

Corporation in a mail cautioning its customers.

In the mail, IRCTC advised customers not to disclose any confidential

information related to their Account no., ATM card, PIN, TPIN, CVV

no. & UPI details over phone/SMS/ e-mail, in their own interest, no

matter how convincing / appealing such calls, mails may be. "There are

attempts to fraudulently withdraw money from your accounts by

fraudsters," warns IRCTC. "IRCTC never makes phone calls, sends e-

mails/SMS asking customers to disclose their personal or security

information such as username, password, OTP, Card/PIN/CVV no, UPI

Details for any refunds, TDR or any other case," the mail further said.

Explaining that the ticket cancellation process is automatic and needs

no human intervention, IRCTC further said: The refund process on e-

ticket cancellation is transaction driven and fully automatic. Refund of

a cancelled ticket is automatically processed as no human intervention

is required in the refund process. The cancellation amount gets

automatically credited into the same bank account of a user, from

which booking was made and is normally completed within a week.

Users are requested not to share their account details in any form, in

whatever name they may receive a call.

To avoid misuse of information by miscreants, users are requested not

to share their booking and cancellations details on social media

platforms. Users are also requested to be careful while searching

Google and other similar platforms for IRCTC related queries as these

platforms may contain many miscreant mobile apps and solutions

aimed at misusing user credentials. Users should refer to IRCTC

website for all ticketing, refunds and its authorised business partners

related queries.

Refunds of other IRCTC services like e-Catering, Air and Tourism etc.

are also fully automatic and transaction driven with no human

interventions. So, there is no need to respond to any calls regarding

refund from whomsoever it may be. So, remember not to share your

bank details to anyone, if asked for so to facilitate the process of

refunding the money on cancelled tickets.

T. Girish HO : IT

Everything goes wrong, even when something goes wrong. Everything has to go right, for anything to be right. Which of the four tyres, if punctured, can we continue with the journey? Anything is right, only if, everything is right. Think holistic solutions. It is not about accounts or sales or marketing or customer support or quality control or housekeeping.... every department must function with peak efficiency for it to be a great organisation. No matter which department is inefficient, it will affect the overall efficiency of the organisation. So, it makes no sense in being excited about the growth and not paying attention to the increase in customer complaints; in growth doing very well at the cost of quality control. Like the human brain sitting at the top and taking care of the overall efficiency of every organ in the body, from the macro to the micro, those who sit at the top of an organisation, should exercise holistic leadership. We deserve holistic abundance in every sphere of life. It all begins with the way you think. Think holistic. Stop thinking 'This' or 'That'. Start thinking 'This' and 'That'.

Rampal AttalVice Chairman

SALAM HYDERABADT O M B O F A S A I N T

It is immoral to hurt others– Ramesh Kumar Bung. 11

THIS AND THATTHIS AND THATTHIS AND THAT

The Dargah Syed Shah Moosa Quadri is located near Puranapul on the Hussaini Alam Road, west of the Charminar. It is also called as Dargah Hazrat Syed Moosa Shah Khaderi. A group of seven Soofi mystics of the Quadria order migrated to India from Hama in present day Syria towards the close of the

th16 century and settled in the different parts of the Deccan, one of them, Shah Abdul Lateef Laubali, made Kurnool his home and dedicated his life to serving humanity and propagating the doctrines of his order till his death in 1638. His tomb remains one of the most revered sufi saints of the region. One of his sons, Shaik Mohiuddin Thani, had moved to Hyderabad with orders to take up residence to spread the Quadri doctrines in the Qutub Shahi capital. On reaching the city, the shaik had offered prayers at an existing Qutub Shahi Mosque in a large area near Puranapul. Finding the area perfectly suited for his requirements, he made it his permanent abode starting a hospice which facilitated interactions with the masses. It was Shaik's descendents Syed Shah Moosa Quadri, who a century later gained renown at Hyderabad as one of the most learned scholar and respected saint of the city. Shaik Sahib was an extremely kind-hearted individual who constantly strove to improve a lot of deprived sections of the society. Not one to restrict his sympathetic to mere consoling, he often shared in their burden being ever present to lend a helping hand in times of need. It is no wonder that at the time of his death in 1800 at the age of 63, he had a following of 45000 devotees. Apart from general public, his followers included prominent nobles and businessmen of the city who funded the construction of the profusely decorated tomb which took all of 15 years for execution. The mausoleum is an extraordinary example of Asaf Jahi architecture with intricate deep-cut stucco decoration comprising of geometrical, floral and calligraphic representation embellishing not only the exterior surface but the interiors as well. The parapet, minarets, drum and spring of the dome have all been created using complex yet intricate patterns which aesthetically complement the stucco decorations achieving perfect harmony between the various elements. In stark contrast, the smooth plastered surface of the hemispherical dome draws instant attention reminding one of the omnipotent supreme entity which brooks not definition and is yet the epitome of beauty and grace. The darga complex has numerous other tombs, many of them are in the same profusely decorated style apart from a majestic entrance portal and the relatively modest and simple hospice which presently serves as a residence for the custodian, a descendent of Shah Sahib. For its unique status as a prime example of early Asaf Jahi architecture and its associational value as of the most revered sufi shrines of the city, it is one of the most prominent places to visit.

Purshotamdas Mandhana

01. Snails have 14000 teeth in their mouth. Some snails are capable of killing human beings as well.

02. When we are in sleep, it is impossible to sneeze.

03. If you observe the sunset from Mars, it would appear in blue colour.

04. The only part in our body in which blood does not flow is cornea in our eye. It receives oxygen directly from the air.

05. 75% of the food in the entire world is got from only 12 species of plants and 5 types of living creatures.

06. Oxen cannot identify colours. It is our wrong notion that a bull is angry by seeing red colour and bellows.

07. In Germany, on 65% of the roads, there is no speed limit. We can travel with any speed.

08. Every month, 5000 types of new computer virus are born.

09. Cats can move/rotate their ears in 180 degrees angle.

10. Long back, the penguins in New Zealand used to be equal to the height of human beings. Scientists said that their height went on decreasing due to anthropological transformations.

11. The group of crows is called 'Murder'.

12. With the saliva generated in the mouth of a human being, we can fill up two swimming pools.

13. Face Book, Twitter and Instagram – these three are banned in China.

14. The height of a marine whale would be equal to a ten-storied building.

15. If you bring a glass of sea water and keep it in the refrigerator and freeze it and then if you melt it, its water will not be salty.

16. A banana contains 75% of water in it.

17. The first English dictionary was compiled in 1755.

18. The bird appears in the logo of Twitter is called Larry.

P. Venugopal Reddy

HO: Credit

DO YOUDO YOUDO YOU

KNOWKNOWKNOW???DO YOUDO YOUDO YOU

KNOWKNOWKNOW???DO YOUDO YOUDO YOU

KNOWKNOWKNOW???

It is immoral to give way to anger– Ramesh Kumar Bung.12

A N S W E R S 01. Low cost and affordability. Customised

p r o d u c t o f f e r i n g . P r o t e c t i o n o f information related to Indian Customers. They provide electronic product options to untapped/unexplored consumer segment. Inter-operability between payment channels and products.

02. It is an electronic image of a paper cheque; only the banks involved and the Clearing House can truncate a cheque (i.e., create an electronic image of a cheque). The drawer/holder of cheque cannot truncate it. The electronic image of the cheque truncation will substitute the physical cheque from the point and time of truncation onwards; truncation is to be done only during the course of a clearing cycle to reduce the time taken for realisation; the paper cheque after truncation is to be kept in the custody of the bank that truncated the cheque; addition of digital signature of the truncating bank to the electronic image of the truncation is optional.

03. Assignment, Lien, Set-off, Hypothecation, Pledge, Mortgage and Appropriation.

04. Lien is the right of a banker to retain possession of the goods and securities owned by the debtor until debt due from the latter is paid; the banker’s lien is an implied pledge; a banker acquires the right to sell the goods which came into its possession in the ordinary course of banking business, in case the debt is not paid. Section 171 of the Indian Contract Act, 1872 gives the banker an absolute right of general lien on all goods and securities received by the banker.

05. RuPay is a new card payment scheme launched by the National Payment Corporation of India (NPCI). RuPay is the coinage of two terms Rupee and Payment. The orange and green arrows indicate a nation on the move and a service that matches its page. The colour blue stands for the feeling of tranquillity which is the people must get while owning a card of the brand ‘RuPay’.

06. Marginal Cost of Funds Based Lending Rate.

07. Marginal cost of funds; negative carry on account of CRR; operating costs; tenor premium.

08. RBI policy Repo rate; Government of India 3-months Treasury Bill yield published by the Financial Benchmarks India Private Limited (FBIL). Government of India 6-months Treasury Bill yield

published by FBIL; any other benchmarks market interest rate published by GBIL.

09. Artificial Intelligence (AI), Machine Lending and Big Data.

10. The nature of construction, nature of title, free-hold or lease-hold, age of the building and its present strength, the rent yield, taxes paid, area of the land and the building, value of the site, cost of construction and its location.

11. The borrower should be dealing in the goods for a sufficient period; no advance should be made for speculation or hoarding purposes; the goods charged to the banks should be fully paid; the goods should command good demand in the market.

12. Funds transfer (intra and interbank), Balance enquiry service/ mini statement, Request Service (chequebook), Utility Bill payments and credit card payments.

13. Providing banking services to unbanked areas and to those customers who otherwise would not have got the banking services; the wage earners staying away from their homes and finding it difficult and expensive to remit money to their families can send money instantly through mobile banking; all non-cash banking requirements can be carried out using mobile phones.

14. To improve customer service; to improve housekeeping; to improve decision making and to improve productivity and profitability.

15. Online ATM, Offline ATM, Stand-alone ATM, Networked ATM.

16. V i d e o D i s p l a y M o n i t o r , Keyboard/Keypad, Touch Screen, Slots (like card reader, card dispenser, envelope dispenser, deposit slot).

17. 6.3%

18. Amalgamation of Oriental Bank of Commerce and United Bank of India into Punjab National Bank; Syndicate Bank into Canara Bank; Andhra Bank and Corporation Bank into Union Bank of India; and Allahabad Bank into Indian Bank.

19. FDI is a major driver of economic growth and a source of non-debt finance for the economic development of the country; The FDI policy is reviewed on an ongoing basis, with a view to attract larger volumes of foreign investment inflows into the country; Government has put in place an investor friendly policy on FDI, under which FDI up to 100% is permitted on the

automatic route in most sectors/activities.

20. 8.5%.

21. The money market is the key component of the financial system; it is a market for short-term funds with maturity ranging from overnight to one year; the basic function of money market is to provide efficient liquidity position for commercial banks, financial institutions, mutual funds, insurance companies, corporate, etc.,

22. CD is a negotiable money market instrument introduced in June 1989. CDs help in widening the range of money market instruments and provide greater flexibility to investors for deploying their short-term surplus funds with banks and financial institutions; CDs are essentially securitised short-term deposits issued by banks and all India financial institutions during periods of tight liquidity at relatively higher discount rates as compared to term deposits.

23. Scheduled Banks have paid-up capital and reserved of an aggregate, real or exchangeable value of not less than � 5 lakh; Scheduled Banks satisfy RBI that the affairs are not being conducted in a manner detrimental to the interest of their depositors; Scheduled Banks are eligible for inclusion in the Second Schedule to the RBI Act, 1949 and when so included are known as ‘Scheduled Banks’; Scheduled Banks carry business of banking in India.

24. Credit (long-term operations) Fund; National Agricultural Credit (Stabilisation) Fund; National Industrial Credit (Long-term operations) Fund of the Bank.

25. The RBI acts as a banker to the Central Government in terms of Section 20 and 21 and banker to the State Governments by mutual agreement in terms of 21 (A) of the RBI Act; accordingly, the Central and State governments maintain deposits with RBI; it has been agreed by the Central Government to maintain a minimum balance of � 10 crore daily and � 100 crore as on Fridays; whenever the actual cash balance goes down below the minimum level, the replenishment is made by creation of WMA (Ways and means advances is a mechanism used by Reserve Bank of India under its credit policy to provide to States, banking with it, to help them tide over temporary mismatches in the cash flow of their receipts and payments.) and overdraft.

It is immoral to tell lies or deceive others– Ramesh Kumar Bung. 13

EPF covered employee assured benefit of Rs 2.5 lakh-Rs 6 lakh extended – Check new rule

The Employees' Provident Fund Organisation (EPFO) has decided to extend the minimum assurance benefit under the Employees' Deposit

Linked Insurance (EDLI) scheme. A decision in this regard was taken in the 226th meeting of the Central Board of Trustees (CBT). Now, the

benefit will be provided to the family members of a deceased employee, who dies while in service, even if he has worked in several firms in the

year preceding his death. This benefit was previously not paid if the member worked in more than one establishment during a continuous period

of 12 months preceding his death.

The decision to change the provision for providing the minimum assurance benefit comes two years after the CBT had decided to hike the

minimum assurance limit to Rs 2.5 lakh from Rs 1.5 lakh in 2018. The assurance benefit an eligible employee can get under EDLI scheme is

capped at Rs 6 lakh. The Board recommended extending the provision of minimum assurance benefit of Rs. 2.5/3 Lakh, payable to family

members of deceased employee who dies while in service. Earlier, the benefit of minimum assurance of Rs. 2.5 Lakh and maximum assurance

amount of Rs.6 Lakh was not payable where the member worked in more than one establishment during a continuous period of 12 months

preceding the month of death. Now Board has approved to extend these benefits even if a member had worked in multiple establishments.

EPF members are automatically covered under EDLI scheme, which provides for payment of Rs 2.5 – Rs 6 lakh to an employee's nominee in the

event of his death during service. In the meet, the Board also approved an amendment in Para 28(4) of EDLI Scheme 1976 to delegate the power

to Additional Central Provident Fund Commissioners to grant online exemption.

V. Jyothi,

HO: PAD

Fear and panic gripped customers of The CKP Co-operative Bank in Mumbai after the Reserve Bank of India (RBI) cancelled the bank's licence

over bad financial health and growing debt. Reports inform that the Central Bank revoked the bank's license on 30th April night, sending shock-

waves to its customers. According to a report by Money control, the bank is not in a position to pay its depositors in full as and when their claims

accrue along with a several other reasons. Owing to the current crisis, over 11,000 depositors-investors and close to 1.25 lakh account holders

will have to brace for trouble.

The current financial position of the bank leaves no scope for its revival, several media reports said. The Money control report further informs that

the bank's FD of Rs 485 crores is also in debt. The RBI had earlier put several restrictions on the functioning and services of the CKP Bank. The

restrictions have been in place on withdrawal of deposits since 2014. Reports inform that the transactions of the bank were banned due to the

increase in its losses and decline in the Bank's net worth. However, the bank tried to cope up and had a net worth of Rs 230 crore rupees this year

as compared to Rs 146 crore in 2016. Despite operating profits, the licence of the bank has been canceled due to declining net worth. RBI

Governor Shaktikanta Das Says Banks Can Decide on Offering 3-Month Moratorium to NBFCs.

On 2nd May, the Aam Aadmi Party (AAP) unit of Maharashtra took a dig at the Centre and said the 'Modi Sarkar is Anti Poor'. "Comes down on

Cooperative Banks and bails out Private Banks in the stealth of the Lockdown, on 30-4-2020, the RBI sent an email of cancellation of the

banking licence of CKP Co-operative Bank to its current management as reported by a local daily", the tweet read.

RBI Cancels Licence of The CKP Bank

Sri Ramesh Kumar Bung, Senior Vice-Chairman distributing masks and sanitizers to the girls of Rainbow Home hostel, Doodhbowli as the kind gesture of the Bank. Smt. Pushpa Boob,

Director of the Bank is also seen in the photo.

Virtue is the root of happiness; therefore be virtuous – Ramesh Kumar Bung.14

The aim of your life must be: TO BECOME THE BEING YOU CAN BE. How do I do that? : By making yourself accountable to these questions: 01. Am I doing justice to my potential? 02. Year on year, in how many more lives am I becoming useful? 03. Day by day, am I feeling close to divinity? First and foremost of all, no matter how much you accomplish in your life, still keep asking yourself, 'Am I doing justice to my potential'? Man was created to create. Man was designed to design his life. Through parents, relatives, teachers and society at large.... a lot has gone into the making of a man. That makes every man morally responsible to live a life worthy of his potential. Success is not what you achieve compared to others; it is what you achieve compared to what you are capable of. Let 'What next? What else?' be your futuristic thinking. Let a sense of futuristic purpose drive your life. Let inspirational dissatisfaction become your very nature. Like the famous cliché: Keep looking. Never settle. How will I know if I am doing justice to my potential or not? Here comes the second question, 'Year on year, in how many more lives am I becoming useful?' Even a cow, a bull, a horse feeds a family of humans. It is a shame to live a life of mediocrity. It is insulting to live a selfish life of me, mine and myself. To live is to be useful. Living is giving. In your growth, others must be lifted. Measure your success by usefulness of your life. Success that comes without moral and ethical means will neither give you peace not contribute to the harmony in the world. 'Success through lower ideals' is such a shame for the most evolved of all species – humans. 'Success through higher ideals' must be the resolve. Individual needs must be integrated with the large good of humanity and our environment. 'Success at any cost' has cost us so much.... collectively we have lost. 'Success through principles' has to be the way forward.

There are no wrong ways to do what is right. And, just the way we live our life should lead us to divinity. Inner purity is the only way. Peace is a by product of inner purity. And, peace will lead to silence and silence will lead you to divinity. Choose only the right ways to feel like a hero. Live as if your everyday living by itself is a prayer unto him.

Ramesh Kumar Bung

Concerned that your lingering cough might be Covid-19? Dr Ravi Tomar, GP at Portland Medical Centre, shares the most common corona virus symptoms, how to virus manifests itself in humans and the expected recovery period:What is the corona virus?: Corona viruses are a family of hundreds of viruses. While the vast majority of these viruses only affect animals, so far seven corona viruses including this new virus known as 'Covid-19' are known to have made the jump to humans. Middle East Respiratory Syndrome (Mers) and Severe Acute Respiratory Syndrome (Sars) – are two of the best-known examples of corona viruses which have been passed on to humans. The new virus, officially called Covid-19, is the latest to have infected humansAre you at risk of catching corona virus?: As with any virus, those with weakened immune systems are at greatest risk of Covid-19. As well as the oldest and youngest members of our population – those aged over 65 or under five – people with underlying conditions such as heart disease, diabetes, kidney problems, cancer or HIV are all likely to be at increased risk.Corona virus symptoms: It is estimated that Covid-19 has an incubation period of 2-14 days, meaning it can take up to two weeks for an infected person to show symptoms. What are the most common signs and symptoms of corona virus? Confirmed cases of Covid-19 have reported the following symptoms:

✔ A fever

✔ Dry cough

Punjab National Bank, State Bank of India are the worst-hit lenders from

bad loans to top 50 wilful defaulters. The list that contains 27 names, lifts

the curtain and unveils the banks worst hit by the never-ending bad loan

saga for the Indian Banking industry. The list was topped by Punjab

National Bank (PNB) with an exposure of `13,473 crore; followed by

India's largest public-sector lender State Bank of India (SBI) with an

exposure of `13,432 crore. Among the 27 names, only 9 are of private

sector banks and while 18 are of public sector banks.

In the list titled, 'bank-wise details of aggregate funded amount

outstanding & amount technically/Prudentially written off, pertaining to

top fifty wilful defaulters' five banks with the largest exposure to the top 50

wilful defaulters include PNB, SBI, Central Bank, Bank of Baroda and

Canara Bank. Sum of funded amount outstanding & amount technically /

prudentially written off by Central Bank stands at ̀ 6,504 crore; followed

by Bank of Baroda with bad loans worth `5,188 crore from the said

defaulters and Canara Bank at `2,939 crore exposure. Among the 10

banks having the largest exposure, only one is a private sector bank while

the other 9 belong to the public sector.

Among the worst hit private sector banks were IDBI Bank with `2,571

crore outstanding or written off, followed by Axis Bank with `809 crore

exposure. The smallest exposure by any of the 27 banks to the 50 wilful

defaulters was at Federal Bank with an exposure of just ̀ 26 crore. Punjab

and Sind Bank fared the best among public-sector banks with just `126

crore exposure.

PNB, SBI among worst hit PSU-banks by bad loans

to top 50 wilful defaulters

SUCCESS THROUGH HIGHER IDEALS

The difference between a cold and corona virus

P. Sai DeepthiHO: Forex

✔ Tiredness

✔ General feeling of being weak and unwell

How does corona virus manifest itself?: For those in good health, if they contract Covid-19 they are most likely to experience a mild cough. It's still essential to self-isolate until told otherwise by a medical professional, as a mild case for a healthy person can quickly escalate into pneumonia if contracted by an individual with a compromised immune system.Corona virus recovery: What is the recovery period for Covid-19? Recovery really depends on the strength of the immune system. For people with an otherwise healthy immune system, recovery is likely to be similar to that of any other upper respiratory illness such as flu. People with mild symptoms may recover within a few days, whereas the more unusual cases who develop pneumonia may take several weeks or months to recover to full health.Corona virus prevention: With no vaccine currently available for Covid-19, the most effective way to protect vulnerable members of society from Covid-19 if you're experiencing symptoms is to self-isolate to avoid potential spread. You should also seek remote medical advice. If you are in the high risk group and have suspected corona virus symptoms, seek medical advice immediately to ensure your symptoms can be monitored and treated appropriately.

Goodness of being and doing constitutes the root-bottom of one’s life– Ramesh Kumar Bung. 15

SHRADDHANJALISri Harikishan ji Malani, the founder Chairman of the

Bank breathed his last on 17th April, 2020. Sri Harikishan

was on the Board of the Bank for four terms, i.e.,

09.08.1978 to 14.04.1981, 15.04.1981 to 18.01.1984,

28.03.1994 to 29.04.1997 and 30.04.1997 to 10.07.2002.

Sri Harikishan ji was a well-known businessman a humanist.

The management of the bank, staff and the editorial

members of Hamara Prayas convey deep condolences to

the bereaved family and pray God for eternal peace to the

departed soul.

Sri Purshotamdas Mandhana, Chairman, Sri Ramesh Kumar Bung, Senior Vice-Chairman, and other directors of the Bank, Sri Umesh Chand Asawa,

MD & CEO paying homage to Late Harikishan ji Malani, founder Chairman of the Bank in a condolence meeting held at Head Office.

Sri Purshotamdas Mandhana, Chairman, Sri Ramesh Kumar Bung, Senior Vice-Chairman, and other directors of the Bank, Sri Umesh Chand Asawa,

MD & CEO paying homage to Late Ratanlal ji Rathi, former Director of the Bank at a condolence meeting held at Head Office.

Sri Ratanlal ji Rathi, former Director of the Bank reached

heavenly abode on 15th May, 2020. Sri Rathi was on the

Board of the Bank for a couple of terms from 02.05.1984 to

13.01.1991. Sri Rathi was a well-known businessman. The

management of the bank, staff and the editorial members of

Hamara Prayas convey deep condolences to the bereaved

family and pray God for eternal peace to the departed soul.

BOOK-POSTPRINTEDMATTERBOOK-POSTPRINTEDMATTER

16 www.apmaheshbank.com

BIDDING FAREWELL

Sri Ramarao Vedpathak, Sub-staff retired from his services of the bank on his superannuation on 30th April, 2020. Sri Umesh Chand Asawa, MD & CEO, Sri Raghuram Shetty, GM, and other executives present on the occasion bidding farewell to the retired employee.

Sri Purshotamdas Mandhana, Chairman, Sri Ramesh Kumar Bung, Senior Vice-Chairman and Sri Umesh Chand Asawa, MD & CEO bidding farewell to Sri Suresh Toshniwal, Senior Manager, H.O., and Sri Harigopal Bajaj, Manager, Serilingampally Branch who retired

on their superannuation at a function held at Head Office on 30th May, 2020. Executives and staff at Head Office are seen in the photograph.

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