BOBKANNAN BLOGS

A 22 year old boy had applied for Provident Fund claim and I questioned him on the logic of it. He replied that he wants his one year PF money to buy a smart phone as margin money. I was not aghast as I have seen even engineers displaying similar tendency to repossess the PF that according to them was forcibly deducted from their salary.                  Most of the employees in the non Income tax category have been finding their salary just enough to make both ends meet also fulfilling partly their aspiration to possess items of prestige. Hence job hopping in search of greener pastures   is common among them and while hopping they also mop up   their PF. While it is perfectly fine to hop I am against the mop. PF is deducted @12% of pay on a maximum of Rs.6500/- and under the concept of CTC (cost to company) the   employer is not keen to insist on higher deduction of PF as em...

Because it is your first day we will not take money from you. This was a statement expressed with equally pleasant face after I had sweet jalebies and phapda the typical afternoon eats of Guajarati though it was not my typical food then. Today when I look back at the incident of 1979 in that small town of Navsari, where I was sent on a training for branch banking the learning in banking is minimal and on human values and relationship is vital. The client started humbly as a tea vender having his shop on a push cart where except the kerosene everything else was financed by the bank. When I went to the hotel he owned everything yet recognized me as a  newcomer and poured gratitude and made me owe the relationship. As I grew in the bank I had witnessed more and more on ideal relationship of banker-customer. The cashier of a small branch received a cheque issued by the Principal of a school but without his signature. Both the school and principal being reputed the c...