TECHNO STRESS

Are you noticing the urgency of city life?

Every vehicle wants to be faster than the other.

Vehicles want to beat the traffic signals from every direction and the pedestrians want to get the better of the vehicles too. On most faces you see on the road, you see anger, frustration, annoyance and stress. How tragic is this? With growing technological innovations, instead of becoming comfortable, man is becoming more and more stressed. Most people may survive the road but the stress they accumulate on the road is going to shorten their life off the road. We have statistics of deaths due to road accidents; but we can never ascertain the number of deaths off the road caused by the stress they had accumulated on the road. Our forefathers would have laughed their heart out to know that one day we would have a psychological condition called Road Rage.

We also have another psychological condition called ‘Techno Stress’. It is the stress you accumulate due to using technology. Do you get restless while waiting for your computer to start up? Does it seem eternal while downloading? Do you feel frustrated listening to the music on hold in a phone call? Do you get annoyed within minutes if people do not reply to your post or message? Do you walk to and fro, looking up and down, waiting for the elevator to arrive? Do you simply change gears and raise the accelerator wanting the traffic signal to turn green? Do you feel the pressure while you drive helplessly in congested traffic? Do you get

paranoid when your TV is unable to receive the satellite signal for a couple of minutes? Do you feel lifeless throughout the day when you have forgotten your mobile phone back home? Do you feel negative emotions when your e-mails don’t receive prompt replies?

If the answer is ‘Yes’ even to some of the questions, you are suffering from Techno Stress. You have started thinking like a machine. The tragedy of the modern era is not that computers have started like men but men have started thinking like computers. 90% of all technological innovations have happened in the last 50 years of mankind. We are actually living in the technological golden age. Our lifestyle should be infinitely more comfortable compared to our previous generations. Let technology be a value addition to our life. Let us not be victimised by it. Let the human in us not be replaced by a thinking computer.

Enjoy the automobile in which you are driving. It will anyway take you faster to your destination than all the men of yesteryears. Listen to music. Cherish the privacy you get within your vehicle. Find enough laughter witnessing the circus that goes on the road due to ‘Road Rage’ and don’t be victimised by it. With a song on your lips, you can be a ‘Road Sage’. Recent surveys show that a child spends 1/14th of the time with the parents as compared to the time spent watching TV or with the technological gadgets. TV and gadgets have virtually become the babysitter. Take time to go out with your family. Take time to sit around and eat together. Take time to read and learn. Let there be moments when all of you are together and yet the TV is switched off. Create

Editor : Ranjana Sharma | Associate Editors : K. Kishore Kumar, Praveen Kumar, A. V. Rama RaoEditor : Ranjana Sharma | Associate Editors : K. Kishore Kumar, Praveen Kumar, A. V. Rama RaoEditor : Ranjana Sharma | Associate Editors : K. Kishore Kumar, Praveen Kumar, A. V. Rama RaoEditor : Associate Editors : Ranjana Sharma K. Kishore Kumar, Praveen Kumar, A. V. Rama Rao|

THE MONTHLY TABLOID OF A.P. MAHESH CO-OPERATIVE URBAN BANK LTD.THE MONTHLY TABLOID OF A.P. MAHESH CO-OPERATIVE URBAN BANK LTD.THE MONTHLY TABLOID OF A.P. MAHESH CO-OPERATIVE URBAN BANK LTD.THE MONTHLY TABLOID OF A.P. MAHESH CO-OPERATIVE URBAN BANK LTD.

"Even from the body’s purity, the mind receives a secret sympathetic aid” – Ramesh Kumar Bung 01

HAMARA PRAYASHAMARA PRAYASHAMARA PRAYASHAMARA PRAYAS

From the Chairman’s Desk

Volume - VI | Issue : 10 | Price : ` 1/-

BANK SURPASSES THE BUSINESS LEVEL OF BANK SURPASSES THE BUSINESS LEVEL OF

3000 Crore 3000 Crore We immensely thank all our Customers, Shareholders and Well-wishers We immensely thank all our Customers, Shareholders and Well-wishers

AT THE END OF SEPTEMBER 2016AT THE END OF SEPTEMBER 2016

and bring back live entertainment at home.

Mob i le s and soc ia l med ia a re g rea t conveniences. They have improved accessibility and communication to exceptional proportions. They are a boon to humanity, especially the business community. However, let the world not trespass into your privacy all the time. Please take some time for yourself everyday and cut off the world’s accessibility to you. Value your privacy and also value others’ privacy. The skies would not fall in those few moments. Begin your own inner communication – communication with the self.

If the man is nature’s great creation, technology is man’s greatest creation. So many repetitive activities that have to be performed day in and day out can now be delegated to technology. Thanks to all the technological platforms; now you can access information from across the globe sitting in one place. The world has actually shrunk. All the libraries and encyclopaedias of the world are now in the grasp of your hand. An hour a day and one could have more information on any subject than people would have gathered in a year’s time through other means.

Use technology and don’t get used by technology. Remind yourself that technology is only a means to life. Our glory does not lie in thinking as fast as a computer or working as fast as technology but it is in using it to the maximum to make our life better. Let us create the next generation technology and let technology not create the next generation humanity. Let us tell the generations to come that with the growth of technology we grew infinitely more comfortable ….. free of rage and stress.

Purshotamdas Mandhana

Postal Regn. No. : Postal Regn. No. : L II / RNP/HD/1145/2014-16, Dated 24.09.2013 Postal Regn. No. : L II / RNP/HD/1145/2014-16, Dated 24.09.2013 RNI Regn. No. : AP ENG/2011/38018, Dated 24-06-2011

Date of Publication : 7th October, 2016 Date of Posting : 9th October, 2016

Postal Regn. No. : L II / RNP/HD/1145/2014-16, Dated 24.09.2013 AP ENG/2011/38018, Dated 24-06-2011 RNI Regn. No. :

Date of Publication : 7th October, 2016 9th October, 2016Date of Posting :

TRIGGERS – WAY TO SUCCESS

'Growth is not taught; it is caught!' It is very essential to keep our mind and eyes open to the happenings of life and learn lessons from it. A few thoughts and incidents seem to have a huge impact on our lives. Some are really the ones which might change the course of life. These are called 'triggers', which play a very important role in the journey of success.

Each trigger pulls us towards a response. Some are very obvious, others hidden. But in each case, they can open the door to responses that lead to a chain of events. We can either keep on cruising on the same old track or we can swerve off path and create our own trail. We can literally redefine our future and write an brand new script for our life if we can pick a few right thoughts and let them trigger us.

One has the habit of procrastinating things. This was affecting his career and life. A thought from his dad changed him instantly. He shared what Tim Ferris said, “The word 'Someday' is a disease that will take your dreams to the grave with you”. This thought made a mark in his and today he is a successful entrepreneur!

Every action starts with a trigger – something that grabs our attention and our desires in an our actions become the practical manifestations of our thoughts. These are the moments where one decision changes everything.

My Dear Colleagues,

I have great pleasure to inform you all, that Bank has crossed yet another milestone and surpassed the aggregate business figure of `3000 crores on 30.09.2016 and created history in the annals of the Bank.

Congratulations to one and all.

I would like to congratulate you all for your role in achieving this momentous landmark by the Bank. This is, indeed, a really important achievement in the journey of The Bank.

All your efforts were instrumental in achieving this milestone. I know you've worked hard to meet the business targets and I was particularly impressed with how persistent you were in overcoming some of the obstacles. I also appreciate the contributions you made to this remarkable achievement while also maintaining your other responsibilities.

Thank you for your hard work to achieve this milestone!

I firmly believe that it is a collective/team effort and let us keep this momentum going.

Seeing the apple fall triggered a thought in Newton's mind as to why did the apple fall and the Law of Gravitation came into existence.

Seeing the family of four sitting together couched on a scooter, drenched in the rain, triggered a thought in Ratan Tata as to how can he help a family person with less budget and Tata Nano was made!

When Mahatma Gandhi was thrown on the platform, the thought that triggered in him was that if he was going through this humiliation, what would be the state of millions of Indians and he came back to India and rest is history!

Triggers are there everywhere, but we need to catch them. Many people ignore potential triggers, even though they could be staring them in the face. Each trigger in our life is tied to our thoughts and our emotions; the most important question is how do we choose to respond to the triggers. Will we let these triggers go away just as passing thoughts or will we let them shape our lives? The choice is ours. Each trigger only has as much power as we give it. When we connect to them in our minds, we give them power to take us upwards. Let us be aware and see how we can make use of the trigger points in our lives and have meaningful and lasting changes.

Ramesh Kumar Bung

Progress is a continuous process & it has always been a distant reality and once one milestone is achieved, there is always another one waiting to be crossed `3500 ……4000….5000….10000 crores …. and so on…...

The journey is never ending. But with your support, I am confident that the Bank will continue to scale milestones of excellence for years to come.

While we have seen great success, we are hungry to do more. Our industry does not respect tradition — it only respects innovation. We will not rest on the laurels, and continue on this road and turn many mile stones in the journey.

I am sure that you will show the same zeal and enthusiasm, further excel your performance and ensure achieving the business target set for the year 31st March, 2017 much before the targeted date.

I appeal you all to share this remarkable achievement of the Bank among all staff, your beloved ones, customers, members and all other persons associated with the bank and congratulate them for their valuable contribution in achieving this feat by the bank. The achievement should also be displayed at prominent place in the branch premises.

Wish you all Happy & prosperous Dussera & Deepawali,

Cordially Yours, Umesh Chand Asawa

MD & CEO SPEAKS

“Diseases are the penalties we pay for overindulgence or for our neglect of the means of health” – Ramesh Kumar Bung02

Chairman - Emeritus Inks Chairman - Emeritus Inks

Our Bank has received 'Best youth customer engagement award from Banking Frontiers – 2016 at Delhi.

Recognizing the various Bank initiatives i.e., Internet Banking, Mobile Banking, Statement of Account by email, Missed Call Services, Customer Contact Center, SMS Alerts etc., for attracting the youth customers. Banking Frontier has felicitated our Bank with “BEST YOUTH CUSTOMER ENGAGEMENT” Award. The award function was held on 18th Sept 2016 at Hotel Pride Plaza, New Delhi. Many eminent personalities from Coop Banking Fraternity attended the Function. Sri Umesh Chand Asawa, MD & CEO along with Mr. Milind Rajhans, AGM, IT was present at the function.

Engineers' Day 2016: From soap factory to railway line, here

are some lesser-known achievements of

Sir M Visvesvaraya

As India celebrates Engineers' Day on Sept. 15 in honour of Sir M

Visvesvaraya who was one of the greatest engineers that the country

has produced, it is also time to discover the offbeat work done by the

eminent personality. Sir MV (Sept. 15, 1861 - April 12, 1962), best

known for designing and building the Krishna Raja Sagar Dam on the

Cauvery in Mysore, has also contributed immensely to other projects

that have yielded benefit to many regions across the world.

Here are some of the lesser-known contributions of Sir M Visvesvaraya:

Designed and developed a full-fledged drinking water system for

Egypt. Constructed automated floodgates at the Khadakvasla dam in

Pune, Maharashtra. Designed and constructed dams to regulate water

flow and supply in Iyasi and Mossi rivers at Hyderabad. Set up the

Mysore Bank (now State Bank of Mysore) and served as the founder

chairman of the institution. Established

the University Visvesvaraya College of

Engineering aka UVCE, one of the

premier engineering institutions, in

Karnataka. Founded Government Soap

Factory, now called the Karnataka Soaps

and Detergents Ltd. (KSDL) that

manufactures the well-known Mysore

S a n d a l s o a p . D e v e l o p e d t h e

Visvesvaraya Iron and Steel Plant at

Bhadravati, Karnataka. Established the

BANK RECEIVES BEST YOUTH CUSTOMER ENGAGEMENT AWARD

“Taking medicine is often only waking a new disease or hide the old one” – Ramesh Kumar Bung 03

Engineers' Day 2016Sharavati Hydro-Electric Project at the famous Jog Falls.

Commissioned the first-ever Bangalore-Mysore railway line in the

then Mysore (now Karnataka) state. Developed a project to stop sea

erosion of the Vishakhapatnam port. Developed a project for the

development of Bhatkal port in Karnataka state. Revamped

Maharani's Women's College in Mysore and introduced degree

courses in the institution. Established the Sri Jayachamarajendra

Polytechnic Diploma institute at Mysore in Karnataka.

Inspirational quotes by Sir M Visvesvaraya - Ideas and thoughts of Sir

M.V continue to be an inspiration for today's youth. Check some of

these below:

Ÿ "To give real service, you must add something, which cannot be

bought or measured with money."

Ÿ "It is better to serve like steel than rust and wither away like iron."

Ÿ "One man will be doing nothing. One man will be resting. Another

man will be watching them. Yet another man will be helping these

three."

" Work hard, Work harder, Work with efficiency, Work in cooperative spirit,Work with a team spirit to make your country great, self supporting and strong "

- SIR. M. VISVESVARAYA

When asked about an Indian scientist, most people would only

remember names of male scientists. But, maybe not everyone knows

the contributions of women scientists, who made great contributions

in the field of science. Today, an increasing number of women are

receiving an education in science and practising it, regardless of the

societal pressure. Working in the field of science, be it doctors,

scientists or research specialists, it is not easy. But, there were women

who made significant contributions to the field of science.

Anna Mani (21.08.1918-16.08.2001): Born in Travancore, Tamil

Nadu, she was the seventh of the eight children in her

family. She was a voracious reader and wanted to

pursue medicine but decided in favour of physics

because she liked the subject. After graduating with

B.Sc. (honours) degree from Presidency College,

Madras, she worked under C V Raman. Later, she

moved to Britain to pursue physics but ended up

studying meteorological instruments. On her return to India,

she joined the meteorological department in Pune. Later was

appointed as the Deputy Director General of the Indian

Meteorological Department. She made significant contributions in the

field of meteorological instruments.

Anandi Bai Gopal Rao Joshi (31.03.1865-26.02.1887): Born as

Yamuna in Kalyan of Thane District, Maharashtra, she

was married at an early age of nine to Gopalrao Joshi, a

widower 21 years her senior. Anandibai gave birth to a

boy at the age of 14, but the child died ten days after

his birth due to inadequate medical care. This inspired

her to become a physician and the turning point in her

life. Anandi Bai's husband encouraged her to pursue

medicine abroad. Dr. Anandibai Joshi was in the class of

1886 at the Women's Medical College of Pennsylvania. On her return

to India, she was appointed as the physician-in-charge of the female

ward of the local Albert Edward Hospital in the princely state of

Kolhapur.

Asima Chatterjee (23.09.1917-22.11.2006): Born in Bengal, she

was an excellent student. She graduated in the year 1938

with a master's degree in organic chemistry. She

researched the chemistry of plant products and

synthetic organic chemistry. In 1944, Asima

Chatterjee became the first woman to be conferred

with a Doctorate of Science by an Indian university.

Her most notable works include research on vinca

alkaloids, and the development of anti-epileptic and anti-

malarial drugs. In 1962, Asima Chatterjee was appointed as the

Khaira professorship of Chemistry at the University of Calcutta. She

held the post till 1982.

Janaki Ammal Edavaleth Kakkat (04.11.1899-April

1984): Born in Kerala, her family encouraged girls to

study fine arts and literature, but Janaki Ammal chose

to study Botany. She later under the guidance of her

teachers at the Presidency College, Madras, acquired

a passion for cytogenetic. She worked briefly in UK,

but returned to India to reorganise the Botanical Survey

OUTSTANDING WOMEN SCIENTISTSof India. To promote excellence in the field of taxonomy, science of

defining groups of biological organisms, EK Janaki Ammal National

Award was initiated in the year 1999.

Darshan Ranganathan (04.06.1941-04.06.2001): Darshan

Ranganathan was born as Darsha Markan in Delhi. She

received a Ph.D. in chemistry from Delhi University in

1967. In 1970, she began research the Indian Institute

of Technology, Kanpur. Due to some unwritten rules,

she was prevented from joining faculty because her

husband was already a member. In the year 1998, she

was appointed as the Deputy Director of IICT,

Hyderabad. Her special passion was reproducing natural

biochemical in the laboratory. She was mainly known for her work in

bioorganic chemistry, including her work in protein folding. After

Profession Darshan Ranganathan's death from breast cancer in 2001,

her husband in her memory instituted 'Professor Darshan

Ranganthan Memorial Lecture', which is to be delivered by a woman

scientist who has made outstanding contribution in any field of

science and technology.

Ranjana SharmaDeputy General Manager

Directed by: Robert Rodriguez; Written by: John Malkovich;

Starring: John Malkovich, Shuya Chang, Marko Zaror.

Release dates: 18 November 2115; Country France;

Language: English.

100 Years: The Movie You Will Never See is an upcoming film

written by and starring John Malkovich and directed by

Robert Rodriguez. 100 Years is due to be released on 18

November 2115. Malkovich and Rodriguez announced in

November 2015 that they had teamed up with Louis XIII

Cognac to create a film inspired by the hundred years it takes

to make a bottle of Louis XIII. On 18 November 2015,

Malkovich and Rodriguez released three teaser trailers

showing no footage from the film. Instead, they imagine three

different possible futures from a dystopia to a technological

paradise. Until its release, the film will be kept in a high-tech

safe in bulletproof glass that will open automatically on 18

November 2115, the date of the film's premiere to which one

thousand guests from around the world (including Malkovich

and Rodriguez) received an invitation to be handed down to

their descendants to attend. The film's plot remains a

complete secret. The safe in which the film is kept was

showcased at the 2016 Cannes Film Festival and various

other cities in the world before being returned to Cognac,

France and the Louis XIII cellars.

100 Years (Film)

“It is excellent to have a giant’s strength; but it is tyrannous to use it like a giant” – Shakespeare04

PERFORMING GANESH POOJA

“Strength is born in the deep silence of long, suffering hearts; not amidst joy” – Ramesh Kumar Bung

Sri Purshotamdas Mandhana, Chairman, Sri Ramesh Kumar Bung, Chairman-Emeritus along with other directors and staff offering prayers to Lord Ganesh at our Begum Bazar Branch.

Sri Purshotamdas Mandhana, Chairman, Sri Ramesh Kumar Bung, Chairman-Emeritus along with other directors and staff offering prayers to Lord Ganesh at our Begum Bazar Branch.

M S SUBBULAKSHMI

PERFORMING GANESH POOJA

[Centenary birth anniversary on 16.09.2016]

Mahatma Gandhi, for the first time, heard MS in

1941. After six years, Gandhi evinced interest in

hearing her concert on his birthday on October 2, in

1947. He reques ted M S Subbulakshmi

[16.09.1916-11.12.2004] to sing 'Hari Thuma

Haro', a Meera Bhajan. MS could not make it to Delhi,

but she went to AIR Madras a day prior to Gandhi's

birthday. In the late night, with two familiar people who were well-versed

in music, she quickly sang the bhajan and it was recorded at midnight.

The tape was carried in the next day morning first flight to Delhi and was

presented to Gandhi. On the evening of his birthday, during his prayer

meeting, MS's voice enraptured the congregation. Even in wildest

imagination none would have sensed that the same bhajan would be

played on Gandhi's funeral four months later! A few months after

sending the tape, in the New Year, while listening to All India Radio for

the news, as she did all her life, she heard the announcement of Gandhi's

assassination, after she heard her own voice singing 'Hari Thuma Haro'

– distraught, she fainted.

Even years later, she would always choke up and when narrating the

story. In her life time, she would hear that bhajan played twice more after

assassinations – after Indira Gandhi's and Rajiv Gandhi's deaths, right

after the announcements on All India Radio. Such was the soul and spirit

of MS! She could attain the seat of a living goddess. And, it is difficult to

write about a great spiritual personality like MS in the past tense. As often

said, Bharat Ratna, India's highest civilian award, is normally conferred

on those who defy introduction. MS is no exception.

She was apparently the first to be conferred with the highest award from

the sphere of Carnatic classical music. Series of covetous distinctions

coruscate in her life and spilled endless glistening sheen at each and

every stride of her divine sojourn on this planet. The imperial glory that

she effortlessly accomplished right from her childhood glistened on all

the frontiers of the world.

Music embellishes anybody with honour and bestows beauty. But it is

different with MS. She fashioned Carnatic music out of her articulated

brilliance and peerless mastery. MS was born to Veena player,

Shanmukha Vadiver Ammal and Subrahmanya Iyer in Madurai,

Madras Presidency on September 16, 1916. Her grandmother

Akkammal was a famous violinist in those days. Endless ragas, seven

notes and three sthayi (ranges) befriended her all around the clock.

Under the tutelage of legendary Semmangudi Srinivasa Iyer, MS

decorated herself with the rudiments of carnatic music. The other half,

Hindustani music, was transmitted to her by Pundit Narayana Vyas. At

the age of 10, MS was widely heard by one and all through records.

It was in 1929, when she was just 13 years, that MS unleashed the tides

of her championship on the fabulous dais of the Madras Music

Academy. Through her first concert, MS demonstrated to the world of

music that what her profound potential was and what the

unconquerable heights that she was going to escalate. The dazzling

timber of her honeyed voice fetched MS her first opportunity in films.

Being beguiled by her tone and titillating tenor of it, a great producer K.

Subramanyam at a stretch offered the lead role in Seva Sadan. She

emerged as a rage on the screen and went on to do several films like

Savitri, Shakuntala and Meera. With Meera in Hindi, MS swept all the

audience off their feet and catapulted to the envious status of an

overnight celebrity.

In the last years, as she was growing, she accomplished a style of her

own and attained an immortal excellence in all her renderings, whether

it was a keerthana or a bhajan. It was the unque voice of the world – its

beauty, clarion quality, splendour and glow with pristine brilliance.

Apart from the magical spell of singing to zeniths, she continued to be

the embodiment of humility. When she was offered the position of

Asthana Vidwan of TTD, she shrank from accepting it.

She continues to mesmerise people with her voice and rendering. She is

a benchmark to come, like the Tennyson's brook, 'Men may come and

go, she will go on forever'.

Kolachina Jyothi HO: F&A

05

Maslow's hierarchy of needs: Motivation theory which suggests five interdependent levels of basic human needs (motivators) that must be satisfied in a strict sequence starting with the lowest level. Physiological needs for survival (to stay alive and reproduce) and security (to feel safe) are the most fundamental and most pressing needs. They are followed by social needs (for love and belonging) and self-esteem needs.

EXAMPLE: Maslow's hierarchy of needs should be considered when dealing with people on almost any level; be it personal or professional.

Equity: 1. Fairness and impartiality towards all concerned, based on the principles of even-handed dealing. Equity implies giving as much advantage, consideration, or latitude to one party as it is given to another. Along with economy, effectiveness, and efficiency, Equity is essential for ensuring that extent and costs of funds, goods and services are fairly divided among their recipients.

EXAMPLE: Without the proper amount of equity, the loan officer would not approve the loan the couple was trying to get for improvements to their house.

Sin tax: Ad valorem tax or flat-tax levied on activities or goods considered physically or morally harmful, such as cigarettes, gambling, and liquor.

EXAMPLE: The local government is considering raising the sin tax on cigarettes in an effort to help reduce the amount of cigarettes sold to locals and encourage them to stop smoking.

Warrant: 1. General: (1) Formal and explicit approval. (2) Document (instrument) that confers authority or justifies an act that is otherwise neither permissible nor legal. 2. Law: Legal authorization (writ) issued by a court to (1) search a place and seize specified items if found there (called search warrant), or (2) arrest or detain specified person or persons (called arrest warrant).

EXAMPLE: If you fail to pay a traffic ticket or other citation you may find yourself visited by a police officer with a warrant for your arrest.

Research: Systematic investigative process employed to increase or revise current knowledge by discovering new facts. It is divided into two general categories: (1) Basic research is inquiry aimed at increasing scientific knowledge, and (2) Applied research is effort aimed at using basic research for solving problems or developing new processes, products, or techniques.

EXAMPLE: When preparing a new wage scale, it's important for an employer to do adequate research to determine what other companies pay for similar positions.

Consumerism: 1. Organized-efforts by individuals, groups, and governments to help protect consumers from policies and practices that infringe consumer rights to fair business practices. 2. Doctrine that ever-increasing consumption of goods and services forms the basis of a sound economy. 3. Continual expansion of one's wants and needs for goods and services.

EXAMPLE: Those who live simply, keeping few possessions, are often appalled by what they view to be rampant consumerism in others.

Conglomerate: Large corporation run as a single business, but made up of several firms (acquired through mergers or takeovers) supplying diverse goods and/or services. Berkshire Hathaway Inc. is one of the biggest conglomerates in the world, with ownership of insurance, utilities, financial, and retail companies.

EXAMPLE: What started as a backyard business exploded into a huge conglomerate that employed hundreds of people spread over 3 states.

Stratification: 1. Classification of a mass of data (obtained from research or survey) into categories and sub-categories on the basis of one or more chosen criteria. 2. Hierarchical arrangement of a society into different layers (strata) on the basis of a distinguishing characteristic such as age, gender, life style, race, status.

EXAMPLE: Stratification in society often occurs between classes of people based on income with lower and higher classes being divided geographically.

Discretion: 1. General: latitude or power, but not an obligation, to exercise a right or to do or not do something. 2. Law: right of a corporate or public officer (such as a judge) to act according to his or her judgment or conscience in certain circumstances but within given limits and under the guidance of customary principles.

EXAMPLE: The boss told her employees who attended the meeting to use their discretion when evaluating expense requests and to reject any requests that did not seem reasonable.

Thesaurus: Language reference book organized to help in finding words related to a core concept but having different shades of meaning (connotations). Unlike a dictionary (which is organized to help in finding the meaning if you know the word), a thesaurus requires you to know the intended meaning to help find the correct word. Unlike a dictionary of synonyms (which is an alphabetical list of related.

EXAMPLE: The teacher noticed that her student had used the same word many times in his essay, so she suggested using a thesaurus to find another word with a similar meaning.

Fiscal policy: Government's revenue (taxation) and spending policy designed to (1) counter economic cycles in order to achieve lower unemployment, (2) achieve low or no inflation, and (3) achieve sustained but controllable economic growth. In a recession, governments stimulate the economy with deficit spending (expenditure exceeds revenue). During period of expansion, they restrain a fast growing economy.

EXAMPLE: Some constituents in our country disagree with our president's fiscal policy, and they say that he spends too much of their money.

BUSINESS DICTIONARYBUSINESS DICTIONARY

“Absence of occupation is not rest; a mind quite vacant is a mind distressed” – Ramesh Kumar Bung06

The Bank has initiated an intensive Training Programme of Credit Management and Recovery for its Senior Officers at its Staff Training Centre, Begum Bazar, Hyderabad by inviting professional faculty from State Bank of India , Staff College , Begumpet, Hyderabad . The three day sessions were inaugurated by Sri Ramesh Kumar Bung, Chairman-Emeritus, Sri. A. Masthan Reddy, Joint General Manager, Sri Ramdas Wadkar and Sri Ramdas K Kamath, both Asst. General Managers, State Bank of India have inaugurated the programme by lighting the lamp.

BANK CONDUCTS INTENSIVE CREDIT TRAINING PROGRAMME FOR SENIOR OFFICERS

“Too much rest itself becomes a pain” – Ramesh Kumar Bung 07

In his inaugural address, Sri Ramesh Kumar Bung stated that the Credit portfolio occupies is an important segment of any bank which provides profitability and causes business growth. He opined that each employee should be able to identify the credit needs of the borrower and know how to process the proposals. He advised the officers to make use of the sessions and become knowledgeable.

The inaugural session ended up with vote of thanks proposed by Sri Masthan Reddy.

INTEREST RATES ON DOMESTIC TERM DEPOSITS / NRE - WEF 01.10.2016INTEREST RATES ON DOMESTIC TERM DEPOSITS / NRE - WEF 01.10.2016

DESCRIPTION

RESIDENT INDIANS

SENIOR CITIZEN(60 to 75 Years)

SUPER SENIOR CITIZEN(Above 75 Years)

NRE

Savings Deposits 4.00 4.00 4.00 4.00

Term Deposits

30 days to 90 days

7.00

7.50

7.75

-

91 days to 180 days

7.25

7.75

8.00

-

181 days to 299 days

7.50

8.00

8.25

-

300 days

8.00

8.50

8.75

-

301 days & upto 1 year

7.50

8.00

8.25

-

Above 1 year to upto 2 years

7.75

8.25

8.50

7.75

Above 2 years to upto 3 years

8.00

8.50

8.75

8.00

Above 3 years to upto 5 years

7.75

8.25

8.50

7.75

Above 5 years

7.50

8.00

8.25

7.50

Tax Saver Scheme

8.25

8.75

9.00

-

CORNERCORNERCORNERCORNERCORNERCORNERCORNERCORNERCORNERCORNERCORNER01. Sunku: 'Though I have enclosed conduct certificate, they have not

given me a job'. Friend: 'Who has given you the certificate?' Sunku: 'Jail Superintendent'.

02. Friend: 'You have written a book – how to humble your wife? And now you are pressing her feet; What is this?' Sunku: 'This is also one of the methods of humbling wives'.

03. Friend: 'If you are angry upon your wife, what do you do?' Sunku: 'I cook for myself only'.

04. Father in law: 'Dear son-in-law, it seems you are drinking. Why did you not disclose this before marriage?' Sunku: 'Have you disclosed that your daughter sucks blood?'

05. Teacher: 'In water, stone sinks but frog does not; why?' Sunku: 'Frog can swim, stone cannot'.

06. While watching TV, wife shouted: 'Darling, they are telling that in heaven gods keep husband and wife separately'. Sunku: 'If they are kept together, how it can be a heaven?'

07. Sunku: 'Doctor, my eyes are aching severely these days'. Ophthalmologist: 'For some days, don't look at ladies' hostel'.

08. Wife came out after having taken her bath. Sunku went on gazing at her for long. Wife: 'Don't look at me like that; I am feeling it shy'. Sunku shouted: 'Why did you take bath with the water which I bioled for me?'

09. Father: 'Did you prepare well for exams commencing from tomorrow?' Sunku: 'Yes, dad. I purchased new exam pad and pasted hall ticket to it. New refill is inserted in the pen. I have sharpened my pencil also. Got all my cloths neatly and got them ironed'.

10. Sunku: 'My dear, it is raining heavily outside'. Wife: 'No flour in the house. Onions are costly. Servant maid has not come today. All the bowls are lying there unclean. I have no patience to prepare 'Pakodi' for you now'. Sunku: 'Hu.. O.K.' Wife: 'Another thing. Don't ask for ice cubes. It is not good to have drinks in front of children'. Sunku (in himself): 'My God! How these ladies find out the things in men's minds?'

11. Sunku: 'In the drama, when my death scene took place, my wife saw and wept loudly'. Friend: 'She might have wept thinking that it is not a real scene'.

12. In an accident, both husband and wife died. After some time, incidentally, they met in the upper world. Wife: 'Oh, I am seeing you after long time. You are changed a lot. Now you are looking like a ghost'. Sunku: 'But you are looking the same as you were on earth'.

13. Madhavi: 'If you really love me, you should not seek dowry in the marriage'. Sunku: 'You will not face such problem at all since I do not come forward with marriage proposal'.

14. Doctor: 'What is your problem?' Sunku: 'My hands are trembling when I enter into a group containing more than 10 people'. Doctor: 'Stop entering into any crowd'. Sunku: 'How it is possible? I am a pick pocketor'.

15. Medical shopkeeper: 'I am observing you since a long time that you are standing in the shop aloof; why should you feel shy for asking medicines?' Lady: 'My fiancé is Sunku is a doctor. He wrote a love letter to me for the first time; can you please read it out?'

16. Sunku: 'Devi, I got bonus. I brought a silk sari for you. Please take'. Devi: 'Why did you bring without asking me? This colour does not match me. The big border irritates me. Each line on the sari is of 0.67 mm. I like the lines of minimum 1.487922 mm. Don't you know this much?' After some months, Devi: 'Happy birthday. I brought a T-shirt for you; wear this. Sunku: 'I don't like T-shirts having pocket. This colour ……' Devi: 'You have no taste. What is the problem with pocket? This colour matches you. I have already cut the price tag and applied kumkum to the collar. Keep your mouth shut and wear the shirt silently'.

17. A person came to hospital with head injury and bleeding. Nurse did first aid and asked: 'What is your name?' Patient: 'Sunku'. Nurse: 'Age?' Sunku: '30 years'. Nurse: 'Are you married?' Sunku: 'This injury is due to accident'.

18. Newly wedded couple sat together and started chitchatting. Sunku: 'Before marriage how many boyfriends did you have?' Wife went inside and brought a box. Sunku opened it and found 7 rice grains and two hundred rupee notes. Wife: 'I went on keeping a rice grain each time when my boyfriend changed'. Sunku: 'Oh, that much? I am happy that you had only 7 boyfriends even in this modern age. What about these two hundred notes?' Wife (innocently): 'When I sold rice kept in the box, I got Rs. 200/'.

G. Nanda Kumar

HO : PAD

“Rest is not quitting the busy career; it is the fitting of self to its sphere” – Ramesh Kumar Bung08

Sri Purshotamdas Mandhana,Chairman, Sri Umesh Chand Asawa, MD & CEO, Other Executives and Staff celebrating momentous occasion of reaching 3000 Crore Business by the Bank.

“Rest is the sweet sauce of labour” – Ramesh Kumar Bung 09

BANK CONDUCTS FORTNIGHT LONG INDUCTION TRAINING PROGRAMME TO NEW RECRUITEESBank has commenced conducting an induction training programme for its newly inducted clerks from 26th September, 2016. Sri Purshotamdas Mandhana, Chairman and Sri Umesh Chand Asawa, MD & CEO have inaugurated the sessions by lighting the lamp and welcomed the participants into the fold of banking career.

Speaking in the inaugural function, Sri Mandhana stated that the Bank is expanding both its network and in its business parameters. It has already recruited 50 clerical employees in this background. It is quite necessary for the persons who have chosen banking as their profession to undergo an intensive training to have awareness of basic thing. In view of this necessary inputs have been provided in the curriculum and on-hand computer training is being imparted. Sri Mandhana advised the participants to actively take part in the training programme to become an efficient bank employee.

Sri Asawa said that learning is a continuous process and a knowledgeable employee can render customer service across the counter effectively. Product knowledge is quite essential for each staff the guide the clientele. In view of this required knowledge is imparted during the induction programmes. He advised the participants to interact, respond and to reciprocate during the course of training programme.

The inaugural session concluded with vote of thanks proposed by principal of the college.

In a world where age is just a number and fitness is synonymous with health, getting health insurance has become important. You may postpone buying a policy but there are implications of avoiding it all together.

Here are some benefits that come with your health insurance plan

Financial saviour: A visit to the hospital can cost a lot. You don't want to be caught off guard in a situation where you need emergency medical help. Medical insurance allows you to deal with such a situation without a worry about the costs.

Savings Santa: You might often think of making investments but postpone it each time. Buying a health insurance could equate to an investment venture. Perhaps even help you save for that dream car you always wanted. You might have to shell out a huge amount when a dear one needs hospitalization. A health insurance policy ensures you pay less and don't eat into your savings.

Tax aid: Your health insurance policy also helps you save tax. You are covered against health issues and enjoy tax benefits on the policy. Besides, premium paid for your parents' health insurance also entitles you for tax deduction under section 80D.

Tailor made: You might be unsure of how a health insurance would cover the health needs of each family member. A variety of categories are available under health insurance to suit your need. For example, you could choose between a family floater and an individual plan depending on your personal needs.

Feature fest: Your health insurance can cover more than you think. When you buy health insurance you have the freedom of choosing from a vast range of available network hospitals. Some policies offer features like free health check-ups, ambulance service and medical equipment.

Mind at ease: Daily life chores could be weighing you down. The ever increasing costs add to life's struggles. A health plan ensures peace of mind. You might want to spend your time and money doing other things rather figuring out means to pay for health expenses. By choosing to buy health insurance you might be taking a decision that gives you mental peace too. The timing of your choosing to get a policy is your choice. The fact that nobody is getting any younger should help you get one soon. The benefits vary depending on your choice of policy and premium. But the benefits of having a health insurance policy far outweigh not having one at all.

WHAT ARE THE BENEFITS OF HEALTH INSURANCE?

01. In the abbreviation BBPS, the letter 'P' stands for ---------

02. What is 'Account Aggregator?'

03. Banking Company' is defined in which Act?

04. Who can be called as the Financial Sector Regulator?

05. The Ratio of the 'Outside Liabilities excluding borrowings from the

group entities' 'Owned Funds' is called as what?

06. What is ensured by Account Aggregator?

07. What are the KYC requirements?

08. Consultation with external members of the Technical Advisory

Committee (TAC) on Monetary Policy was held electronically and

they sent their feedback through e-mail. Who are external

members?

09. Indian Post Payments Bank is started with a corpus of how much?

10. Who is the author of the book 'Who changed by interest rate?'

11. India's first Aadhar based ATM is started by which Bank?

12. What is Pledge?

13. What does it mean by 'Treasury Bills'?

14. What are the functions of bank Back Office?

15. In which form CRR is maintained?

16. Who is the president of World Bank?

17. How a 'partial freezing' is imposed?

18. Can a person transfer his existing bank account from one place to

another?

19. Is it compulsory to furnish Aadhar Card for opening an account?

20. Which are called as OVDs?

21. The Debit Card is --------- with the card usage being linked to the

availability of funds in the accounts of the customers.

22. Credit cards are part of the --------

23. Merchant Discount Rates are allowed for what?

24. Swiss Challenge Method is for what purpose?

25. Residuary Non-Banking Companies registered with the Bank shall

not issue -------

26. National Stock Exchange launched separate indices on which

corporate houses in India?

27. Which are allowed to set up Trade Receivables Discounting System

by RBI?

28. Open Market Operations are conducted by -------

29. As per RBI, SLR would be lowered to 20.5% by which time?

30. Banks can borrow from RBI's which window by pledging

government securities?

31. One basis point (bp) is how much?

32. With which country's Prudential Regulatory Authority RBI signed

an agreement?

33. Gross Value Added is a new concept introduced by ------

[Answers on Page No: ]15

BANKING AWARENESS OFF-BEAT MUST WATCH MOVIES

“Health is the vital principle of bliss and exercise is of health” – Ramesh Kumar Bung10

Bollywood's latest release 'Pink', starring Amitabh Bachchan is another

example of a well-narrated movie with a social cause that is considered as

a 'taboo' in our society. Time and again Bollywood has narrated some

heart wrecking stories that have left the audience spell-bound. Some of

them continue to be cult movies over the years with their sheer

presentation and execution of the story. Regardless of their success at the

box office, these movies continue to be the 'Best of Bollywood'. Here are a

few among them.

Monsoon Wedding (2001): Though the title suggests an entertaining

romantic movie, but in analysis it deals with hypocrisy of the society. The

movie deals on how the fascia of being modern and forward is actually

shallow and the loopholes still prevalent in the society. The movie is

potential social satire.

Lakshmi (2014): Starring Monali Thakur, a Nagesh Kukunoor film is

based on human trafficking and child prostitution. It is an assertive

fictional movie that highlights the reality of prostitution when a little girl is

thrown in the web. It is a story of courage, as she fights back and exposes

the disturbing truths and realities of the exploitation of women in

prostitution.

3 Idiots (2009): The movie depicts how our education system is fraught

with faults. It also shows how parental pressure can sometimes be extreme

and lead a child to attempt ending his life. An extremely important

message in the movie is that any child needs is an opportunity for good

education.

Rang de Basanti (2006): With accolades and critical acclaim it

garnered, the movie is one that everyone knows about. Rang De Basanti

is probably one of the movies with the largest social impact in terms of the

reach. The movie did what many had tried earlier and failed at waking up

the sleeping giant, the youth. Our youth realized the power they had in

their hands and this realisation prompted a youth mass movement which

has only grown since then.

Oh My God! (2012): Using the hilarious backdrop of the protagonist's

decision to sue God, the movie questions everything that we have come

to believe in the past couple of years. It exposes the people who have

commercialised God and faith and play with emotions of simple, many

times, poor Indians.

Dor (2006): The movie touches upon the pitiful condition of widowed

women at the hands of some orthodox sections of society in some pockets

of rural India, right from forcing women to adopt a certain outfit of a

certain colour, to giving up the even the basic luxuries like sleeping on a

bed. The movie makes the audience understand there are real problems

and that, while we have progressed as a country, there are people who are

being stripped of their basic rights.

Water (2005): Water is one of the elemental trilogies by Deepa Mehta

which is so potential and symbolic, a complete work of art. It talks about

the water-like fluidity of life and set on the sacred bank of Ganges, it talks

about widowhood and the oppression and exploitation of a widow. It

portrays the plight and innocence of the without-any-crime-guilty widows

and the hollow customs and beliefs of society.

Well done Abba (2005): Wrapping in strong social messages, it is a

socio-political satire about a common man's fight for justice against an all-

pervasive corrupt system. Corruption has plagued the entire pyramid of

our system and the movie puts it across and how citizens have to jump

hoops for what is rightfully theirs.

Amith Kumar BajpaiHO: P&D

“The wise depend on exercise for cure” – Ramesh Kumar Bung

WIFE APPRECIATION DAYSubba Rao was astonished a lot to know that there is a day to appreciate Wife. When this is a daily affair, why a day is earmarked for this purpose, he doubted. Subba Rao stands and sits as per the orders of his wife. As advised by her earlier, he contested recently in the corporate elections and was defeated with huge margin. The reason is – who knows his name as Subba Rao; all say that he is husband of Anasuya only.

There is a difference between praise and applause. One who praises knows that it is praise. But one who is praised treats it as an applause. Even in mythologies, the deities pretty well knew that wife pierces them if they are not praised. Sri Krishna was number one in this category. He was even ready to touch the feet of Satya Bhama. This was not known to Laxmi Devi and she left her husband when Vishnu caught the feet of Brighu sage. As a result, we have acquired Tirupati.

One fellow wanted to laud his wonderfully and said, 'You are the most beautiful lady in this entire world'. Wife replied, 'It is a known fact, tell me another new thing'. Another fellow never used to border of his wife's sari. He was afraid, if he leaves her sari, she might run for shopping. When she goes for shopping, she listens to nobody. He says super even when she buys a broom.

A philosopher propounded a theory: 'Marriages are made in heaven, after that, life is oven'. The reason is- the duty of cooking was entrusted to him. He was always in the kitchen near oven cooking new varieties like a chef in the televisions. English people invented 111 ideas to please wives, which are known to Indian husbands also.

We have to accost wife with a smile right in the morning. Otherwise, hot coffee will be thrown on our faces. This trick was known to one gentleman. He used to invite all his friends daily to breakfast and tea and applauded his wife throughout. She used to feel flattered and served all of them with warmth. She came to know the result of this after the two acres of land disappeared.

We have to respect her tastes. As a result of this curry centres in the city are prospering. I have a software friend. He was always seen at the 'Bheema's takeaway'. His wife did not know cooking. Nobody can eat if he cooks. Hence he resorted to curry centres without any worry.

'Speak poetically; see romantically; give small gifts always; take her for shopping; respect her opinions' – wrote somebody. I know him. By this time he might have joined the group of Sanyasis. He may come across to us during any Kumbh Mela. Nobody is listening to poetry on stages; will any wife tolerate it? She thinks that we have gone mad. I read one website and advised my friend to be romantic with his wife. He said, 'my wife wears a nightie which is as thick as a Sholapur bed-sheet. She moves like a robot in that dress. I am getting fear, not romance'. We cannot teach swimming to fish and shopping to ladies.

Always I remember my mother. She used to get up at 5 in the early morning, clean the house, fetch water from well. Then she used to wake us up and serve tea. By 9, she served breakfast. After we went to school, she washed our clothes. Lunch was ready on time. She sent us for tuitions in the evening. At 8 PM, she served all of us dinner with sumptuous food. We had no knowledge of helping her. Sundays were holidays to us, not for her. Neither we, nor our daddy ever appreciated her non-stop labour. Even today many housewives are struggling like this. These may be the reasons for transformation and incarnation of ladies as Durga deity.

[Wife Appreciation Day is observed annually on the third Sunday in September. Since wives do so many things to make their husbands and homes happy, this is a day for men to let their wives know just how much they appreciate both the little and the big things they do all year long. Some traditional ways to observe Wife Appreciation Day are with a gift of flowers, perfume, jewellery or clothing. A day at a spa, tickets to a show and dinner at a nice restaurant are also excellent ways to show appreciation. A foot massage and cooking breakfast or dinner at home can also say, “Thank you for all the things you do every day. I appreciate them.” Use #WifeAppreciationDay to post on social media. While the history of Wife Appreciation Day is somewhat obscure, it seems event honoured the women who, while they are married, do not have children. Wife Appreciation Day makes up for Mother's Day when there are no children in the marriage. September 18, 2016 is the Wife's Appreciation Day]

A.V. Rama Rao

Sri Etela Rajender, Hon'ble Finance Minister of Telangana Government is being greeted by Sri Ramesh Kumar Bung, Chairman-Emeritus, Sri Sangam Ramakrishna, President-Telangana State Coop. Urban Banks and Credit Societies Federation, Badrinarayana, Vice President and Sri Gokul Yadav, Chairman, Gokul Coop. Urban Bank.

11

01. A spider takes at least 2 hours to weave its web.

02. The height of the iceberg hit by Titan is 100 feet.

03. The biggest water project in the world is in Pakistan. They built 19

barrages on the Sindhu river and providing irrigation water to 144

lakh acres of agricultural land.

04. In China, we will not find advertisements in between the TV

programmes. They appear after completion of the programmes.

05. The highest flag post is in Jeddah, Saudi Arabia. Its height is 557

feet.

06. LOC Cargill' is the longest cinema. We should watch it for 4.25

hours.

07. Octopus existed much before Dinosaurs. Anthropologists found

fossils of Octopus of 29.6 crore years ago.

08. Egyptians used to use stones as their pillows earlier.

09. In the world three countries do not follow metric system. They are –

America, Burma and Liberia.

10. The lava, which emerges from a volcano, has the temperature more

than 1250 degrees centigrade.

11. Many main characters in the picture Lagan are foreigners.

12. Two thirds of the population in the world do not see snow in their

lifetime.

13. In old Egypt, people used to treat cats very sacred. Anyone who kills

a cat had to face death punishment.

14. In South Korea, it is a crime to wear blue Jeans.

15. The number of bacteria on our bodies is more than the population in

the entire world.

16. It took 70 years to trace out the drowned Titanic ship.

17. Carnia in our eyes does not require blood circulation.

18. An ant can bear the load of 20 times more than its body weight.

19. Waiters in the restaurants of Iceland feel insulted to accept tips.

20. In the old age, even monkeys will get bald head.

21. In the internet, there are about 63.7 crore websites.

22. In Greenland country, grass does not grow as there is snowfall

throughout the year.

23. Mosquitoes can fly even backwards.

24. Indian Ocean is warmer than other oceans.

25. A child will start dreaming right from it is in the womb.

26. In Vatican City, there is no permission for the ladies to vote. It is the

only country in the world.

27. We use repellents for mosquitoes. Mosquito killers will not kill them.

Temporarily, they lose the power to smell human bodies.

28. Chinese found ink. But as the raw materials to prepare them are

available in India, it is called Indian ink.

29. Heartbeat of women is faster than men.

30. Earth is the only planet where water is in liquid state.

P. Venugopal Reddy

HO: Credit

DO YOUDO YOUDO YOU

KNOWKNOWKNOW???DO YOUDO YOUDO YOU

KNOWKNOWKNOW???DO YOUDO YOUDO YOU

KNOWKNOWKNOW??? SALAM HYDERABADE L I T E ' S H A U N TE L I T E ' S H A U N TE L I T E ' S H A U N T

NIZAM CLUB

The Nizam Club is located right opposite to the State Legislature Assembly. It is one of the oldest existing clubs in the city which is known to provide services to the oldest Hyderabadis who have been living in the city for ages. Graded as an IIB structure, the club was established on September 26, 1884 by Nawab Mahboob Ali Khan, Asaf Jah VI. During those days, there was only one major club in the Hyderabad State, the Secunderabad Club and it was exclusive and almost confined to the British Resident of Hyderabad State. Therefore, the then Prime Minister Mir Laiq Ali Khan Salar Jung II, suggested a club for gentlemen of status and culture, irrespective of race, religion or creed, be established. And the Nizam Club came into existence.

It was in 1885, Mahbub Ali Khan, Asaf Jahi VI sanctioned a monthly grant of Rs. 100 towards rent for a suitable club building and this grant was continued till 1946. The Club was initially housed at the Abid Centre (now Abids), on a site where the old General Post Office building was subsequently located. Later, it was shifted to premises in the present Mehboobia Girls School complex. The present premises was purchased in 1906 for a sum of Rs. 30,000, located opposite to the Andhra Pradesh State Legislative Assembly building.

The entrance to the club is from a porch with a big semicircular arch in the front and set of two arches on either side. The porch is made up of stone, giving bold and rustic look to the structure, while the rest of the structure has a delicate look with lime finish and multi-cusped arches. The porch has slopping chajja, supported on a series of small brackets on the porch. A grand staircase behind the reception desk leads to the office room of the club on the first floor. The arched veranda on this floor is attached to the banquet hall. The hall has jack arched ceiling higher than the veranda, providing clerestory windows to the hall. The pilasters inside the hall are ornamented with flower and vegetal capital and a fluted shaft. In the recent times, there is a huge parking area which has been constructed right in front of the club, blocking the view of the magnificent structure. There are various additions and alterations which have been made to original structure and site, over the period of time.

Purshotamdas MandhanaChairman

“I like the laughter that opens the lips and the heart” – Ramesh Kumar Bung12

[Contd. From August 2016 issue]

Governments of most of the trading countries have subscribed to UCPDC and the rules are valid in such countries. However, in order to ensure that the rules of UCPDC apply to a documentary credit, it is necessary to declare in the LC that is being issued subject to the provisions of UCPDC. It is important to note that UCPDC is neither an international convention nor it is a law. It is not a statue, as the ICC being a non-government organisation, does not possess legislative authority. The UCPDC is a compilation of internationally accepted banking customs and practice regarding the LC. It is the most successful Harmonising measure in the history of international commerce, which has removed a plethora of technical problems that would have undermined the smooth operation of Letter and Credit.

Although UCPDC is not a statute, its importance and role in international trade and commerce is undeniable. UCPDC has been incorporated by reference in the majority of LCs used worldwide. Article 1 of UCPDC 600 states that its applicability is subject to the parties' agreement and the text of the LC should expressly indicate that it is subject to these rules. The rules are binding on all the parties concerned unless expressly modified or excluded by the credit. Banks use various types of LCs. The type of LC required may depend on various factors i.e., the method of payment, the parties involved etc.,

Revocable and Irrevocable Letter of Credit: When an LC is issued, it is deemed to be an irrevocable credit, which can neither be amended nor cancelled without an express agreement of all the parties concerned, i.e., the applicant, the issuing bank, the confirming bank and the beneficiary. Further, a confirmation of an irrevocable LC made by another bank constitutes a definite undertaking to pay in favour of the beneficiary, in addition to that of the issuing bank, provided that the documents are presented as stipulated in the LC. The confirmation of an irrevocable LC also helps the process of verification of the documents in a conclusive manner. This is also a measure to effectively counter the commercial or country risks emanating from the status of the issuing bank. [Irrevocable LC was withdrawn with effect from 01.07.2007].

Sight Credit and Acceptance (Usance) Credit: If the LC prescribes the condition of 'payment at sight', the credit is known as a Sight Credit. In a sight credit, the beneficiary gets the benefit of immediate payment upon presentation (at the paying bank) of the proper documents laid down as

per the terms of LC. The paying bank may be the issuing bank or its correspondent in the beneficiary's country. As per the UCPDC convention, banks are allowed a reasonable time to examine the documents. Such time does not exceed 7 banking days following the day of receipt of the documents. The paying bank has to take a decision within this time frame whether to accept the documents and make payment to the beneficiary or to refuse acceptance of the documents (in case these are not in accordance with the terms of the credit provided). In either situation, the paying banker informs the party from whom the documents were received about the status of the transaction and the documents.

On the other hand, if a beneficiary decides to grant a period of credit to the importer after sight (date of sighting the documents), the LC stipulating such a condition is termed as an Acceptance Credit. The period of credit granted is popularly called Usance. In an acceptance credit, the beneficiary draws a Usance draft on the buyer or the issuing bank or the confirming bank, largely depending on the terms of credit. When the Usance draft is presented along with the documents, the draft is accepted instead of making payment at sight. The beneficiary is advised that the amount covered by the draft will be paid on a prefixed future date, if the documents are found to be in conformity with the credit terms. The Usance period or the payment date under an acceptance credit may, for example, be 90 days after the invoice date or the date of shipment as evidenced by the shipping / transport document.

An LC containing a clause relating to making payment on deferred payment basis is similar to acceptance credit. In a deferred payment credit, the issuing or the confirming bank issues a written promise to make the payment on the due date. Both the acceptance credit (Usance LC) and deferred payment credit are financing instruments granted by the supplier in favour of the buyer. During the deferred payment period, the buyer often sells the goods and makes the payments due under LC with the sale proceeds. It is necessary that a banker exercises caution in the matter of computation of working capital credit limits in situations when stocks are procured under Usance LC.

[To be continued]

K.K. RathiHO: Credit

“A good laugh is sunshine in a house” – Ramesh Kumar Bung 13

NON-FUND BASED CREDIT – LETTERS OF CREDIT

GANESH NIMAJJAN

Sri Ramesh Kumar Bung, Chairman-Emeritus, Sri Rampal Attal, Vice Chairman, Sri Ramprakash Bhandari, Director and Sri Umesh Chand Asawa, MD & CEO distributing ambrosia to devotees on Ganesh Nimajjan Day

MEDITATION CONTROLS DIABETESIn this Jet Age the modern man is constantly exposed to various tensions. No doubt, he has numerous conveniences at his disposal to give him physical comfort and sensual enjoyment. He works in an office, sleeps on a thick foam mattress, travels everywhere in his car, and attends cinemas, night-clubs, and watches television for recreation. However, he has to use sleeping pills and all kinds of medicines in an attempt to get rest and peace to counteract the negative influence of the modern way of life. But instead of peace, rest and happiness he gets a lot of physical, mental and emotional tensions.Men and women today cannot find any way to unburden themselves of the frustrations and anxieties in their personal lives, so ultimately they fall victim to a variety of diseases such as diabetes, hypertension, heart disease etc. Is there any way to find relief? YES ! Through the process of “Ashtanga Yoga”. Asana and other effective yoga kriyas release the strength and energy through which the problems of life can be faced and life made harmonious. Diabetes is a universally accepted psychosomatic and metabolic disease caused by the insufficient production of insulin by the Islet of Langerhans situated in the pancreas. Harmonious functioning of the body depends mainly upon the efficiency of the endocrinal system.Bihar School of Yoga has, after years of research programmes and special Diabetic Camps, greatly substantiated the yogic claim that various yoga techniques (especially yogasanas, the Hatha yoga shatkarmas and Yoga Nidra) restore and ensure sound nerve connections to these organs, including the endocrinal glands, Pranayama practices such as nadi shodhana, bhastrika, ujjayi etc., alternately stimulate and inhibit the parasympathetic and sympathetic nervous systems.The endocrinal glands supplied by these nerves are therefore voluntarily relaxed arid activated. Since the glands are generally in a state of operation, these practices give them a needed rest, allowing them to function more efficiently. The Hatha yoga practice of shankhaprakshalana relaxes the endocrinal system. In this process, when the entire alimentary canal has been completely washed, many of the endocrinal glands, especially those connected with digestion and metabolism, are able to rest for about an hour until food is again taken. This short rest is beneficial to the whole body and can work wonders in the case of diabetes. The endocrinal glands can start to function again even though they may have ceased to do so many years previously.The psychic cause of diabetes can be managed with other powerful yoga practices like Ajapa Japa, Yoga Nidra and meditation. Last but not least, food restrictions must be followed. In this modern age of scientific invention there are so many aids for comfort in life. It seems a contradiction, yet it is true that very few people are able to enjoy these luxuries. A great many people have wealth but they really live in poverty. The disease which accompanies modern civilisations deprives them of their strength and enjoyment of life. Yoga is a powerful way to rectify this situation.Yoga will enable people to start a new life with more vitality and mental stamina. Further, they will develop a broader outlook on life, understand their own and other peoples' problems and solve them more easily. Modern drugs are limited and not without dangerous side-effects, whereas the systematic and gentle practice of yoga is both harmless and effective and leads to a happy, fruitful and fulfilling life. Meditation may slow age-

“The most utterly lost of all days is that in which you have not once laughed” – Ramesh Kumar Bung14

Sri C. Krishna Murthy, Sub-staff, Shamsheergunj Branch retired on superannuation on 30.09.2016 and is bid farewell by Sri Umesh Chand Asawa, MD & CEO, Sri K. Kishore Kumar, DGM and other staff.

related brain atrophy, new research suggests. An imaging study conducted by investigators at the University of California, Los Angeles, showed that long-term meditators experienced less gray matter loss compared with matched control persons who did not meditate.Particularly surprising was the magnitude of this effect in nine clusters throughout the brains of meditators, suggesting that the practice affects more areas of the brain than previously thought. The researchers report that this is the largest related study of the effects of meditation on the brain, and it is also unique because it looked at long-term meditators. The study included 50 meditators (28 men and 22 women) ranging in age from 24 to 77 years (mean age, early 50s) who had practiced meditation for from 4 to 46 years (mean, almost 20 years). It also included 50 matched control participants (28 men and 22 women) who did not meditate. All participants underwent MRI of the brain at the same site using the same scanner and following the same scanning protocol. The investigators examined the association between age and whole-brain gray matter and between age and local gray matter. For whole-brain gray matter, they found a significant negative correlation in both control persons and meditators (for both, P < .001), suggesting age-related gray matter decline in both groups.However, on slopes depicting global gray matter volume and age in years, the regression lines were considerably steeper in control persons than in meditators. The group-specific correlation coefficients were higher in control persons, and the group-by-age interaction was highly significant (P = .003). This suggests less age-related gray matter decline in meditators than in control persons. When looking at localized sections of the brain, researchers found significant negative correlations in control persons and in meditators, again suggesting age-related gray matter decline in both groups. However, once more, the analysis showed that age-affected brain regions were much more extended in control persons than in meditators.The study also revealed nine clusters spread throughout the entire brain where the difference in meditators was particularly significant. There are several mechanisms by which meditation may protect the brain. It may relieve stress, which is “almost toxic” to neurons in some brain areas. Another way that meditation may protect the brain is that intense mental activity may stimulate dendritic branching and/or synaptogenesis, which might manifest as increased gray matter. Over time, such gray matter gain may “mask” the gray matter loss that is normally observed in aging, sort of counteracting the normal age-related decrease. Dr Kurth likens this to “body building” of the brain similar to physical workouts that increase muscle mass. It might just be that meditators start off with a healthier lifestyle - eating healthy foods, avoiding smoking, exercising regularly - and have the type of personality that helps protect the brain.Although the current study cannot rule out the possibility that other factors contribute to brain protection in meditators, the new research should prompt more follow-up studies. Ideally, this would involve two groups - identical except that one meditates and the other does not - who are followed during a long period. Future studies will have to follow novice practitioners of specific forms of meditation longitudinally to get a more accurate picture how practice time may map onto changes in the brain.

A. SwapnaReceptionist: H.O.

01. Payment (Bharat Bill Payment System)

02. A Non-Banking Financial Company.

03. In Clause (c) of Section 5 of the Banking Regulation Act, 1949.

04. Reserve Bank of India, Securities & Exchange Board of India, Insurance Regulatory & Development Authority and Pension Fund Regulatory & Development Authority.

05. Leverage Ratio.

06. The providing of service to a customer shall be backed by appropriate agreements / authorisations between the Account Aggregator, the customer and the financial information provider, Appropriate mechanism for proper customer identification and provide services to a customer based on the customer's explicit consent.

07. A 'Proof of Identity' and 'Proof of Address' along with a recent photograph.

08. Dr. Shankar Acharya, Dr. Arvind Virmani, Prof. Errol D' Souza, Prof. Ashim Goyal and Prof. Chetan Ghate.

09. Rs. 800 Crore.

10. D. Subba Rao.

11. DCB Bank.

12. Bailment of goods as security for payment of a debt or performance of a promise.

13. Obligations of the Government of India issued by RBI and payable normally 91 days after issue.

14. It verifies and settles the deals; it maintains proper record of bookkeeping and it submits financial returns of RBI.

15. Cash Balances with RBI.

ANSWERS 16. Jim Yong Kim.

17. Banks have to give due notice of three months initially to the customers before exercising the option of partial freezing; after that a reminder for further period of 3 months will be issued; thereafter, banks shall impose partial freezing by allowing all credits and disallowing all debits with freedom to close the accounts.

18. Yes, it is possible to transfer an account from one branch to another branch of the same bank; if there is a change of address, then the person will have to submit a declaration about the current address.

19. One may furnish Aadhar Card or any of the other five Officially Valid Documents (OVD).

20. Passport, Driving Licence, Voter Identity Card, Pan card, Aadhar Card issued by UIDAI or NREGA Job card.

21. A secured product.

22. Unsecured credit portfolio of the issuers.

23. Debit cards, Credit cards and Prepaid cards.

24. For sa le of the s t ressed assets to SCs/RCs/Other Banks/NBFCs/FIs, etc.,

25. Debit cards, Smart cards, Stored value cards and charge cards.

26. Tata, Aditya Birla and Mahindra Group.

27. Axis Bank, Mynd Solutions, NSE Strategic Investment Corporation Ltd., and SIDBI.

28. RBI.

29. January, 2017.

30. Repo.

31. One –hundredth of a percentage point.

32. UK.

33. Central Statistics Office.

SHRADDHANJALISHRADDHANJALI

Sri Bandaru Anil Kumar (Emp: 328], Sub-staff breathed his last on 3rd September, 2016. He was 46 years old. He had joined Secunderabad Branch of the Bank on 1st July, 1992 as a peon. He worked in Secunderabad, Ramanthapur, RTC X Roads, Balanagar, Sultan Bazar and West Marredpally branches. Sri Anil Kumar has served the organisation for 24 years. He was modest and sincere in his duties. The management of the Bank, staff members and editorial committee of Hamara Prayas convey deep condolences to the bereaved family and pray the Almighty that the departed soul may rest in peace.

01.06.1970 - 03.09.2016

“No man is happy who does not think himself so” – Ramesh Kumar Bung 15

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SHRADDHANJALISHRADDHANJALI

Sri Brijgopalji Soni, our former Director reached the heavenly abode on 20th September, 2016. He was 69 years old. He was on Bank's Board for a short tenure from November 2001 to July 2002. Sri Soni was a well-known business man and a soft spoken personality. The Board of Directors and Staff convey condolences to the bereaved family and pray the Almighty that his soul may rest in peace.

Sri Purshotamdas Mandhana, Chairman, Sri Ramesh Kumar Bung, Chairman-Emeritus and other Directors, Sri Umesh Chand Asawa, MD & CEO paying homage to Late Brijgopal Soni

11.11.1947 - 20.09.2016

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