The banking sector is one of the most important pillars of economy, particularly in developing economies like India. The services rendered by public sector banks and their employees to customers as well as the government are exemplary, especially because the work is done done under trying circumstances. Most bankers are honest and above board and retire with the satisfaction that they have rendered honest service as the custodians of public money.
If an officer retires with an unblemished record after serving in top positions in a bank and becomes a deserving pensioner even after facing problems from unscrupulous politicians and their acolytes, these bear testimony to their honesty and disciplined use of the discretionary powers vested in them.
It is unfortunate that such honest officials do not get their rightful pension after retirement. It is a tragedy that their reasonable and legitimate request for updating records, 100 per cent dearness allowance neutralisation and family pension remains unheeded for 25 years! I learnt that a man, who retired as general manager of a bank a few years ago, is getting a pension amount less than that of a retired peon, mainly because the records of the former were not updated. It is high time the government considered and conceded the reasonable demands of bank pensioners.
Tharcius S Fernando, Chennai
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