Postal Regn. No. : L II / RNP/HD/1145/2017-19, Dated 21.09.

2016 Date of Publication : 7th July, 2017

RNI Regn. No. : AP ENG/2011/38018, Dated 24-06-2011 Date of Posting : 9th July, 2017

Volume - VII | Issue : 7 | Price : ` 1/-

HAMARA PRAYAS
THE MONTHLY TABLOID OF A.P. MAHESH CO-OPERATIVE URBAN BANK LTD.
Editor : Ranjana Sharma | Associate Editor : A. V. Rama Rao

Chairman’s Desk
A KEY TO PRODUCTIVITY
A businessman entered a restaurant and
ordered a dish called Kashmiri Pulao which
had black grapes as one of the ingredients.
Upon seeing the dish on a nice plate, he
noticed a beetle in the dish. “What is this?” he
shouted at the waiter. The waiter immediately
replied with confidence, “Sir, we add black
grapes with this dish as one of the ingredients;
looks like you don't like black grapes!” saying
these words, he quickly picked the beetle and
swallowed it. The businessman went straight
to the owner of the hotel, not to complain
about the waiter, but to request if he could hire
that waiter for his company.
Was the waiter right? He was right in one way
and wrong in another way. More than the
loyalty and concern for the brand image of the
restaurant he was serving, the first thing that
should have flashed in his mind would have
been the threat to his and his colleagues' job.
He wanted to save the job and he dared to take
a risk. He swallowed the beetle to save himself
from that customer's wrath, when in his case
became a reward!
In a way, he was wrong because he was not
proactive. The attitude of that customer
matched with that of the waiter, in the sense,
both were reactive. Will it hold good for all
types of customers always? Will it serve the
purpose in the present-day environment
where the customers are very knowledgeable
and the media is very powerful? There are
customers who will go to the extent of
knocking the doors of law. In fact, these are the
two approaches we apply to find a solution to
any situation. In a reactive approach, we resort
to an action after the happening of an event.
From the
The reactive approach may land us in
favourable or unfavourable situation. A lot
depends on the situation and the people
involved in that. On the contrary, in a
proactive approach, an action is planned and
taken before the happening of the event.
Today, quality consciousness which is more
inspection of products or services after they are
produced or delivered will not suffice; or the
quality control of the same will not even work
out. We should have quality assurance, where
we talk about the highest quality standards like
six sigma and so on. In a nut shell, the defects
or deficiencies of a product or service must be
noticed before it reaches the customer. For
that, all employees have to be highly
proactive.
A reactive person thinks that life is happening
to him and he is just an observer without taking
any proper actions but simply blames the
external circumstances. A proactive person
takes responsibility for his life including his
actions and emotions. A reactive person starts
worrying about the things he can't change and
he bothers about failure. A proactive person
focuses his time and efforts on what can be
influenced and prioritises his time and actions.
In all, a proactive person acknowledges the
significance of exter nal factors or
circumstances in his life and at the same time
explores ways by which the desired change
can be brought about for self and the
community he lives in. Being proactive is a skill
to be developed which requires a simple shift
towards the situation. Be it in maintaining a
proper health or wealth, be it the challenges –
financial, technical or human resources-faced
by an organisation, be it the care for the future
of his wards, be it the economy of the state or
the country-this proactive approach alone can
bring the desired outcome.
This paradigm shift from being reactive to
proactive requires paying close attention to the
language used, while talking to self and others.
The language used by a reactive person
involves evading from the responsibility or
giving excuses for not pursuing the task. At the
same time, the proactive person's language is
towards finishing the assigned task taking
complete responsibility over that.
To be proactive is all about paying attention,
focusing on the time between the happening of
an external event and the internal response. A
reactive person acts on the spur of the
moment, whereas the proactive person very
quickly reflects, thinks on his feet and makes a
conscious response so that the effect he needs
is fulfilled. A proactive person is not ego
involved or emotional; he is so focused on the
goal to be achieved that he subordinates his
likes and dislikes to the purpose of his life. That
is ultimate pro-activity.
Madan Mohan Malavia, the dounder of
Benares Hindu University approached the
Nizam of Hyderabad for donation. The Nizam
got wild and he threw one of his chappals on
him. Without feeling a tinge of humiliation,
Malavia took that single chappal and walked
out. He went to the busiest street in the city and
drew the attention of the public and tried to put
Nizam's slipper for auction. When that news
reached the Nizam, he ordered his people to
take that chappal from auction, whatever be
the bidding price. It brought a huge amount for
Malavia. That was a lesson from history that
proactive people are productive in whatever
tasks they undertake.
Pro-activity is the key to productivity.
Purshotamdas Mandhana

“Experience is the mother of wisdom” – Ramesh Kumar Bung. 01

 Chairman - Emeritus INKS

DON'T CHASE HAPPINESS
Supposing you were told, 'Today is the last day of your life. Make a list
of all the things that you feel you have accomplished, all the things that
have made you feel truly happy; what are the things you would put
down on that list, knowing that you have only hours left to live?'
I am certain that your car, bungalow, and bank account will find no
place on the list. What you are sure to put on it would be the most
fundamental elements of a truly happy life- your love for god,
the love and respect you have earned from your near and dear
ones, the sunshine you brought into people's lives by your
warmth and affection, the compassion you have received
from your friends, the love and kindness you shown to
people. Happiness is in the little things that makes life
significant.
Many of us are apt to equate happiness and success with money,
material wealth and possessions. The Wise Ones remark: 'This is sheer
ignorance'. You cannot be happy just because you live in a mansion or
a penthouse apartment. You cannot achieve peace and inner
harmony just because you drive a Mercedes or a BMW. You cannot be
considered 'successful' just because you are a millionaire.
Happiness is an inner quality. Don't look for happiness….. create it. It
was Abraham Lincoln who said, 'Most are about as happy as they
make up their minds to be'. And since happiness give meaning and
purpose to life, we must know where to find it. All the world's greatest
philosophers agree on this point: true happiness stems from within us,
from a way of thinking about life. This is the most enduring, agreed
upon truth about happiness: if the prints of contentment and
satisfaction are not within, no material success, no pleasure or
possession make us truly happy.
I recall the words of that wise man, G.H. Loruner: He worked for
several years as the editor of the 'Saturday Evening Post', and on one
occasion he wrote words which have clung to my memory. Loruner
says, 'It is good to have all the things which money can buy. But it is
also good to pause for a while again and again and check whether we
have lost all the things which money cannot buy'.
There are so many things which money cannot buy, and those are the
things that contribute to true happiness. Money can buy for us the
softest bed in the universe, but money cannot buy sleep for us. Money
can buy for us medicines, but money cannot buy for us health. Money
can buy for us the best cosmetics in the world, but money cannot
purchase for us that natural rosy tint in the cheeks. Money can buy for
us the best of foods, but money cannot buy for us appetite. Money can
buy for us flatterers who will follow us wherever we go, but money
cannot buy for us true friendship. Money can buy for us all the books
that are available in the world, but money cannot buy for us brains.
Money can buy for us social prestige, but money cannot buy for us a
clear conscience.
William Lyon Phelps was a distinguished writer and critic, as well as a
popular Professor at Yale University. He had inspired and guided
hundreds of students during his long and distinguished career. When
he was asked to write a message of guidance and inspiration for the
American people, he asserted: 'The principle of happiness is like the
principle of virtue; it should not be dependent on things, but be a part
of your personality'.
When Professor Phelps had been a young student, he had drawn
inspiration from the words of President Timothy Dwight who had
visited his college and addressed the students. Dwight had told them
emphatically: 'The happiest person is the person who thinks the most
interesting thoughts'.
This was what he taught his students too. Real happiness cannot come
from external things, he told them. The only lasting happiness that you
will experience is that which springs from your inner thoughts and
emotions. Therefore, he urged them, cultivate your mind. For an
empty mind seeks mere pleasure as a substitute for happiness. The
happiest people are not the ones who make money, buy property and
own stocks. The happiest people are those who cultivate their minds
with interesting and invigorating thoughts.
Ramesh Kumar Bung

SECOND BI-MONTHLY MONETARY POLICY STATEMENT, 2017-18

RESOLUTION OF THE MONETARY POLICY COMMITTEE (MPC), RESERVE BANK OF INDIA
On the basis of an assessment of the current and evolving macroeconomic situation at its meeting
07.06.2017, the Monetary Policy Committee (MPC) decided to:
Ÿ Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.25 per
cent. Consequently, the reverse repo rate under the LAF remains at 6.0 per cent, and the
marginal standing facility (MSF) rate and the Bank Rate at 6.50 per cent. The decision of the
MPC is consistent with a neutral stance of monetary policy in consonance with the objective of
achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent within a
band of +/- 2 per cent, while supporting growth.

02 “Gentility without ability is worse than plain beggary” – Ramesh Kumar Bung.
MD & CEO SPEAKS
EVERY PROBLEM HAS A SOLUTION
My Dear Colleagues,
10% of the relationship is a matter of concern and 90% of the
relationship is better than the best. But, we let that 10% blind us
from seeing the other 90%. And if with 90% you are not satisfied in
a relationship, even with 100% you will not be satisfied. Those
who are not happy with what they have will not be happy no
matter how much more they have.
You need Rs. two crore, which you do not have to import some
machinery. You believe with that import your production would
get enhanced by 60%. It will make a difference to your market
share. However, whenever you think of your expansion plans, the
lack of Rs. two crore incapacitates your mind. You are not able to
think any further.
This is how you go about it. First, take the hostage off the equation.
Assuming you will get that Rs. two crore, what else is the issue? 'No,
except a few governmental clearances, nothing else is a major
issue'. When you mingle the trivial issues with the major issues,
everything appears to be a major issue. With the spectacles, 'It is a
problem', everything appears to be a problem. Isolate the major
issue from the rest. Now your intelligence will have the clarity to
deal with the isolated issue. So often, '1 x 2 crores' does not
happen. But so often, '10 x 20 lakh' or '100x 2 lakh' do happen.
Have not we heard, with a lantern in hand, with enough light for
just a step ahead, one step at a time, even the mountain can be
scaled!
ADVICE TO YOURSELF
Dream big. 25 years is when life unveils itself. At the outset, imagine
yourself to have become the best person you can think of, in the next 10
years. Draw a picture of the 'Future' and 'Now' with the belief that the
changes you want are coming close. Do something every day that takes
you closer to your dream.
Plan to plan. Never procrastinate. Set short term goals and achieve them.
Establish your credibility in subtle ways and earn trust of your
organisation. Talk to your colleagues and convince them to be a part of
your dream.
If you want to develop your ego, surround yourself with people who look
up to you. If you want to develop yourself, surround yourself with people
whom you look up to. Choose your company. Make good associates.
Colleagues who share your goals and dreams and beliefs can surely make
a difference. You can work together towards achieving your objectives. It
is tougher to scale a peak alone, so as a team tie yourself up with a chord of
mutual trust and determination. If one falls behind, this chord shall
prevent them from total failure. The spirit of such a team will make
problems seem minuscule and help you believe yourself.
Sculpt yourself. Choose to be honest, optimistic, cheerful, brave and
helpful and like the sun radiate these positive traits to those around you.
Smile a little. Make your happiness infectious. Cultivate a devoted and
disciplined mind. Learn everything you can. Learn a new thing every day.
“Follow the river and you will get to the sea” – Ramesh Kumar Bung.
Even in selling or in any negotiation, whenever the prospect raises
an objection, never start answering the objection till you have
narrowed down on the objection. 'Is this your only concern Mr.
Prospect, or are there any other concerns?' Else, you will yield to
that one objection and then the prospect will raise another
objection. This way, it will eventually become a 'You lose' and
'Prospect gain' transaction. In fact, if the prospect confirms,
'Otherwise there are no issues', you can easily solve that one
isolated concern and get the papers signed for a 'win-win' solution.
When your team explains why they think they cannot complete the
project on time, much before you begin to motivate them, first
isolate the causes and concerns. Take the hostage off the equation.
Take it from them, 'Otherwise there are no other issues' and then let
them. This approach of taking the hostage off the equation is of
enormous help to you, as well as to those you deal with. It gives a
direction to the thought process. It ensures the issues are never
overly crowned. It ensures trivial issues do not blind you from
seeing major opportunities. Minuscule troubles should never
cover up the mighty blessings.
Let problems come from anywhere. Let solutions come
from me. How? I will first take the hostage off the equation. I will
isolate the issue. I will then analyse, 'Otherwise, what else is the
issue'. If otherwise there are no other issues, then actually there is
not much of an issue. After all, why should we avoid a straight
road, just because there are a few speed breakers on it?
Cordially yours,
Umesh Chand Asawa
The truths you resist are the battles you fight. In accepting the
truth there is nothing to fight.
Accept the truth. Accept responsibilities. Accept the consequences of your
actions. Accept you are independent. The world does not function the
way you want to. Accept it, but don't lose hope. Rise to a level where your
happiness, successes depend on nothing but you.
Lead a group of people. Lead them to the facts. Get creative in managing
them and their demands. Learn to negotiate and make everybody feel
equal, important and empowered. Help to maintain your team's direction.
Help people. Donate your earnings, donate your hard work. Console
your colleagues if they are in trouble. They are special, tell them that.
Respect their feelings. Ease them from pain. What you do for yourself shall
die with you; what you do for your associates shall be remembered for
ever. What you communicate with others determines your success; what
you communicate with yourself determines your happiness.
Talk to yourself. Don't be a very harsh self-critic. Tell yourself 'You are
capable'. Tell yourself that 'you deserve the best'.
Put your heart and soul in whatever you do. Your thoughts become your
actions. Your actions become your habits. Your habits become your
character. YOU are the maker of your own destiny!
Ranjana Sharma
Deputy General Manager
03
THE SCIENCE OF KATHA UPANISHAD
Katha Upanisad is the fourth in the series of eleven Principal Upanisads. This
Upanisad is unique in content, since it deals with, in detail, the question of
what happens after death. Apparently to add authenticity to the assertions
made, the Upanisad supposes that the issue is explained by the Lord of Death
himself.
The subject-matter is presented as a dialogue between Lord of Death called
Mrtyu and a young boy by name Nachiketas. (The word mrtyu in Sanskrit
means death). Nachiketas was the son of one Vajasravasah. Vajasravasah
was performing a sacrifice in which all his wealth had to be given away in
charity. Seeing that very old and weak cows of no use were being distributed,
Nachiketas thought that no good would accrue to his father from this sacrifice.
As if suggesting himself as a better gift, he asked his father, “To whom will you
give me?” The father didn’t say anything. Nachiketas repeated the question
again and again. Getting annoyed at this, the father, in a fit of anger, told him
that he would give him to Mrtyu. The innocent boy on hearing the angry
words of his father began to think how he could be useful to Mrtyu. Without
any clue, he reached the abode of Mrtyu, but had to wait there for three
nights to have a meeting with Mrtyu. As a recompense for this 3-night delay,
Mrtyu allowed Nachiketas to ask three boons from him.
The first boon Nachiketas asked was that his father be pacified and no longer
be angry with him; the second was for obtaining a ‘fire’ of the gods, which is
capable of leading one to heaven and immortality; Mrtyu readily gave him
these boons. Then Nachiketas asked the third boon: ‘This is my third boon:
On the question of a dead person, some say that he continues to exist,
whereas others say that he ceases to exist (at death); I wish to be taught by you
on this issue.’
Though being the most authoritative person to discourse on this topic, Mrtyu
did not respond positively in the beginning. Mrtyu says, “This is a very subtle
issue; even the gods had this doubt in the past. It is not easy to know; ask for
any other boon. Do not compel me”. Nachiketas replies, “If even the gods
had doubts, I see none other than you to tell me about this secret knowledge.
So, I am not going for an alternative boon”.
Following this, Mrtyu tried to entice Nachiketas with offers of all kinds of
worldly pleasures and possessions like wealth, horses, elephants, cattle, gold,
longevity, sons, grandsons, etc. He also promised to fulfil all the desires of
Nachiketas and asked him to desist from pressing the question. But
Nachiketas spurned all these offers, saying that they were all ephemeral and
therefore had no attraction for him; he remained firm in his resolve to know
the secret of death. Seeing the unflagging determination of Nachiketas in
pursuing the path of knowledge against the lures of worldly pleasures, Mrtyu
finally became pleased to impart the knowledge asked for. He discoursed at
length on death and immortality and at the end came out with a brief answer.
At first, Mrtyu appreciates Nachiketas for his choosing the path of knowledge
against the path of ignorance. In his opinion two mutually opposing options
are open for man; one is sreyas and the other is preyas. Out of these, sreyas is
that which brings about inner enrichment and preyas is that which ruins the
person by entangling him in worldly entailments. Only the wise men choose
sreyas; Nachiketas did the same, rejecting all the trappings of preyas. This is
what earned him the commendation of Mrtyu and an opportunity to receive
the desired instruction. Only men like Nachiketas can prefer sreyas to preyas.
Mrtyu says about those who meet with death again and again; they are the
ignorant ones who crave for worldly pleasures. This declaration about death
is very important. It defines death as the state of being subjugated by desires
for worldly pleasures (preyas).
Having thus taught about the true import of death, Mrtyu introduces the
concept of immortality. Immortality is not freedom from loss of physical body;
it is dispossession of Kama from inside, attained by realising the atma. Mrtyu
says that many have not even heard of it and many of those who heard of it,
do not know it. Those who know it and attain to it become happy; but, very
rare are those who discourse on it and understand it. Since this subtle entity is
variously thought by men with inferior intellect, it cannot be understood
properly, if taught by them. He sees Nachiketas to be well qualified to receive
the instruction. So he is happy to have a disciple like Nachiketas.
‘By inner meditation upon that unseen, secret, immanent, primal divinity
which is seated in the innermost part of the heart, the enlightened man gets
rid of the duality of pleasure-pain’. Mrtyu further adds that by attaining to that
04
divinity, one enjoys bliss. Hearing this, Nachiketas desires to know that
divinity which is beyond dualities like virtue and vice, good and bad, and past
and future. Mrtyu replies: I shall tell you about that, it is ‘Om’, the sound which
all the Vedas extol, all deep meditations declare and the study of Vedas seeks
to attain to. Thus, the ultimate immortal entity is declared as ‘Om’.
Mrtyu discourses on the nature of this ultimate principle. This is the
imperishable, supreme Brahma; if a person knows this, whatever he wishes
for, would be his. This, however, does not mean that such a knowing person
can command to his possession anything that he wishes for; it only implies
that such a person will have nothing to wish for, since a feeling of oneness with
everything will be generated in him by that knowledge, resulting in a state
wherein nothing external will be there for him to wish for.
Mrtyu says that atma is the support of all; he declares that atma is immortal
and eternal: ‘This omniscient atma is neither born, nor does he die; he has not
originated from anywhere or anything. He is unborn, eternal, everlasting and
ancient; he is not destroyed even when the body is destroyed. atma is subtler
than the subtle and grosser than the gross and is seated in the heart of all
beings. A desire-free person, with composed senses and mind, perceives his
glory and gets freed from grief.
Wise men get rid of grief by knowing the great, bodiless, all-pervading atma
seated in perishable bodies. However, atma cannot be known by oral
instructions or by mere intelligence or by much hearing about it; it is known by
him who is fully dedicated to it. To such a person atma reveals its true nature.
By attaining to that which is without sound, touch, form, taste and smell, that
which is imperishable, eternal, without beginning and end, and that which is
superior to Mahat, one escapes from the prowl of death.
The implication is that one who has attained to atma remains untouched by
death; he never dies. Attaining to atma means shedding all dualities which are
essential features of physical existence; for, atma is without any attributes as
clarified in this verse. Even for a person who has attained to atma in this way,
the physical body is subject to decay and disintegration, which in common
parlance is death. So, what is the justification for the declaration that he
escapes death? The inference is therefore that what we consider as death is
not the death which Mrtyu intends here. The verse says that freedom from
physical dualities is freedom from death. Conversely, capitulation to dualities
is death.
How can we attain the eternal immortality? Is there any special tool for that?
No, there is no special tool other than what we already possess. The tool with
which the senses cognise the sense objects is verily the tool for cognising
immortality also. Obviously, the tool is pure consciousness; this consciousness
is capable of taking us beyond the sense objects to the ultimate and immortal
entity.
‘What is here is the same as what is there and vice versa. He who sees
differently meets with death again and again’. We know that Kama overtakes
us, if only we see something different from us and desire for it; if we perceive
everything as a part of us, everything as belonging to us, then there will not be
anything to aspire for; then there will not be any space for Kama. In other
words, when we see things other than us, we covet them, enabling Kama to
strike root in us. This will culminate in our death. So long as we fail to see the
unity of existence and continue to see things as separate from us, death occurs
to us repeatedly; we go from death to death. It has been declared above that
only the same thing exists everywhere. What is that thing? Mrtyu answers this
question that thing is the Purusa who rules over both past and future; he is
seated in the central part of the body and is only thumb-sized.
The ‘central part’ is a reference to the heart, which is ‘Thalamus’ in modern
parlance; ‘thumb-size’ indicates the size of Thalamus. He describes the
transformation that happens to the person who gets enlightened; he becomes
the atma himself, just as when pure water is poured into pure water, both
become identified with each other. That means, he attains immortality; for,
atma is immortal.
With this, Mrtyu concludes his discourses. He takes the concepts of death and
immortality to a higher, rational plane.
A. Masthan Reddy
Joint General Manager
“Good health is above wealth” – Ramesh Kumar Bung.
GOVERNMENT ASKS BANKS TO DEPOSIT
JUNKED NOTES AT RBI BY JULY 20
The government has given a last chance to district cooperative
banks, commercial banks and post offices to deposit the banned Rs
500 and Rs 1,000 notes with the Reserve Bank by July 20,
provided they were collected within the specified time period. After
the November 8 shock demonetisation announcement, the
government had allowed commercial banks and post offices to
accept the junked currency from the public till December 30.
District central cooperative banks were allowed to accept them
only till November 14.
The finance ministry, through a notification on 21.06.2017,
allowed banks and post offices to exchange any old junked notes
with RBI in the next one month, provided they were collected by
December 30, 2016. The same window would also be available to
cooperative banks if they had collected the banned notes by
November 14.
The earlier window was open till December 31, a day after the 50-
day period of demonetisation of high value currency. Banks and
post offices will however have to give reasons for not depositing
the withdrawn notes with the specified time period "subject to the
satisfaction of the RBI". After demonetisation, the government
gave holders of the junked currency a 50-day window to deposit it
in their bank or post office accounts by December 30. But
cooperative banks were on November 14 barred from accepting
the junked notes as deposits or exchange them with new currency.
This left cooperative banks with crores of invalid currency notes.
According to a recent report, district central cooperative banks in
Maharashtra alone are stuck with Rs 2,770 crore worth old notes
they collected during the early days of demonetisation but were
unable to deposit them with RBI. This had led to stalling of a
CA Satish Saraf, Chartered Accountant speaking upon implementation of GST during a seminar conducted
at Head Office. Sri Purshotamdas Mandhana, Chairman, Sri Ramesh Kumar Bung, Chairman-Emeritus,
Sri Umesh Chand Asawa, MD & CEO, other executives, Branch Managers in the Seminar.
“Learn wisdom by the follies of others” – Ramesh Kumar Bung.
Maharashtra government scheme to hand out Rs 10,000 cash to
distressed farmers. Several leaders had represented to the
government for allowing cooperative banks to exchange old notes.
The relief has finally come.
In the notification, the ministry said that "specified bank notes may
be deposited by such Bank, Post Office or District Central
Cooperative Bank, as the case may be, in any office of the Reserve
Bank, within a period of 30 days from the commencement of these
rules, and get the exchange value thereof by credit" to their
account. While the grace period for resident Indians to deposit the
invalidated currency notes expired on 31 March, the non- resident
Indians have time till June 30 to deposit such currencies.
RBI will accept deposits collected by any bank or post office by
December 30, 2016 or by any District Central Cooperative Bank
from November 10-14, 2016 should be deposited within 30 days,
the notification said. They should also cite valid reasons for non-
deposit of the specified bank notes within the period, it added. Old
Rs 500 and Rs 1,000 notes were junked from November 8, 2016 to
eliminate black money and curb infusion and circulation of fake
Indian currency notes (FICNs). India is the second-largest
producer and consumer of currency notes. The circulation of
banknotes has increased to 90.27 billion pieces from 64.58 billion
over the last five years. As on November 8, 2016, the total amount
of currency in circulation was Rs 17.7 lakh crore, which included
specified bank notes (SBNs) of Rs 500 and Rs 1,000.
As per the last official count released by RBI on December 13,
banks had garnered Rs 12.44 lakh crore in banned notes till
December 10.
05
RISHYASRINGA
Sage Vibhandaka lived with his son Rishyasringa, a young Brahamchari,
in a forest hermitage. An austere life they lived cut off from outside world.
Rishyasringa had not met any human being, man or woman, other than
his own father. But he was well known as a learned scholar. In the secluded
environment, his spiritual power grew steadily and he had attained many
rare yogic powers. There was a great famine in the Anga kingdom. There
was no rain and food crops had failed. People and cattle perished in large
numbers. Unable to know what to do, the King of Anga sought advice
from wise men and sages. He was advised here is a young Brahamchari
named Rishyasringa who lives in his father's hermitage. He has many
yogic powers. If he sets foot in the Anga kingdom, there will be rain and
our difficulties will end” The King was happy but did not know how to
bring the Brahamchari to his kingdom. A direct invitation was sure to be
rejected. He must be persuaded somehow or other. The king decided to
send beautiful courtesans to entice the brahmachari. Courtesans who
were well accomplished dancers and musicians were selected. Their
leader was also selected by the king. When they were told what their
mission was, they were in distress. On the one hand they could not
disobey the King. On the other, they were afraid of a curse from the sage.
At last, they decided to go as they were doing it for the good of the
kingdom and the people. They constructed a big boat. In that boat they
made an artificial garden. In the centre of that garden they built a
hermitage resembling that in which Rishyasringa lived. The boat with the
courtesans was brought through the river and anchored near hermitage.
The best courtesan was sent to meet the young sage. Luckily, his father
was not there. The courtesan met young Rishyasringa and talked to him
very endearingly: “I am your disciple and devotee. Are you quite
Comfortable here? Is your hermitage having enough food, fruits and
flowers. Are you in need of anything?” The Brahamchari was taken by
surprise to see such divine-like form. By her well-cultivated strategy, the
beautiful courtesan won the sage's confidence. But it was getting late. As
the boy's father might return any time she took leave and returned to the
boat. When the father returned, he was surprised to find the hermitage in
disarray. The boy had not attended to the daily chores. When asked for
the reason, the son replied “A Brahamchari was here. I have never seen a
AADHAAR MANDATORY FOR OPENING BANK ACCOUNT,
FINANCIAL TRANSACTIONS OF RS 50,000 AND ABOVE
All existing account holders asked to submit Aadhaar to banks by
December 31, failing which accounts will become invalid. Anyone
looking to open a bank account will have to furnish his Aadhaar
number along with the income tax permanent account number
(PAN). The Aadhaar will also be needed for any financial transaction
above Rs 50,000, underscoring the increasing degree to which the
biometric identity is becoming the cornerstone of government
measures to curb unaccounted income along with PAN.
Existing bank account holders will need to provide their Aadhaar
number by December 31or they will become inoperable. The Rs
50,000-threshold for transactions includes investments in mutual
06
more beautiful figure in my life. He had such a sweet voice! I was
powerfully attracted towards the new comer. We had a great time”.
(Though he had never seen a woman in his life, natural instinct drew them
closer). From the boy's description, the father divined what had
happened. He looked for the boat but it was not to be seen. He left it at
that. The Brahamchari had been totally transformed. He longed to see the
new friend. He lost his concentration. However much he tried, he could
not forget the new figure. After a few days the boat came again. This time
they should win him over. Thankfully it was easier than expected. The
courtesan took young sage to her boat and before the boy could gather his
wits, the boat sailed to the kingdom of Anga. The young Brahamchari was
received by the king respectfully. Sure enough, rains came and all were
happy. The king housed the guest in a gorgeous palace. Many maidens
were employed to attend to him. When the father returned to the
hermitage, his son was missing. Though he searched for him he could not
find him. At the same time, the king was worried that the father would
come in search of his son and when he knew the facts, he would curse him.
As expected the father came to know that his son was in Anga kingdom.
He was now on his way to Anga. The king knew this and deployed his men
and maids with gifts to receive and appease the sage when he came. They
were to tell the father that these were being sent by his own son. The king
received the sage with utmost respect. There the sage saw his son sitting on
a throne with the lovely princess, now his wife. The king requested the
sage to pardon him for performing the son's marriage in his absence and
begged him to bless the couple. The father accepted everything as the
work of destiny. He blessed his son and daughter-in-law. While taking
leave he told his son “Do whatever is necessary to please the king. After
you finish your assigned role come and join me in the hermitage” A son
was born to them. After the boy became old enough to succeed him,
Rishyasringa went to the forest with his wife to lead an austere life. In the
fullness of time, they took up Sanyas, and by performing austerities,
attained liberation.
T. Gangadhar Rao
Head Office
funds, fixed deposits and insurance and will require Aadhaar and PAN
(or Form 60 in lieu of the latter), ensuring that these can be tracked
through the biometric identity. This will also apply if several
transactions that appear to be connected cross the Rs 50,000 limit,
preventing abuse through splitting.
The government has notified amendments to the Prevention of
Money Laundering Rules making both Aadhaar and PAN mandatory
starting June 1. The rules also tighten provisions for small accounts
such as those opened under the Pradhan Mantri Jan Dhan Yojana that
have less stringent know your customer (KYC) rules.
“Life is not a bed of roses” – Ramesh Kumar Bung.
 CCOORRNNEERR
01. The reality of wives: Wife of Pilot: “Don't fly in front of me”. Doctor's
Wife: “I know how to cure your disease”. Wife of Teacher: “Don't teach me
lessons”. Judge's Wife: “Why do you adjourn to say this?” Wife of lawyer:
“I will see your end after I get all evidences”. Engineer's Wife: “I too know
how to draw a plan”. Wife of Software Engineer: “I know which hardware
to be used for the software in your office”.
02. Teacher: “Who is the first Indian lady who went to foreign country?”
Student Tunku: Madam, it is Sita, who went to Sri Lanka”.
03. In a village people were praying God. Observing this, a donkey also
started worshipping. God appeared and asked the donkey to ask for a
boon. Donkey asked: “In my next birth also please allow me to be born as
donkey only”. God said: “It is not possible to allow you to be a donkey in
two consecutive births. Ask for an alternative boon”. Donkey pleaded:
“Then make me as husband of a woman”. God replied: “Don't be extra
smart; I have already told you that you cannot be the same in two
consecutive births”.
04. Tunku purchased a whisky bottle and was driving motor cycle; he
got doubt that if he falls from the bike, the bottle may be broken; then he
drank the full bottle and started his vehicle. On the way, he fell from the
bike and was admitted in the hospital. When he became conscious, he
thought like this: “It was good that I drank the entire whisky; otherwise, in
the accident, the bottle would have been broken”.
05. After heart operation, Tunku was shifted from ICU to general ward.
All the friends and relatives asked about his condition anxiously. Tunku's
wife asked: “Did you find any other lady in his heart, doctor?”
06. Wife: “Your friend is getting married to a girl who is ferocious and
quarrelsome; go and stop his marriage”. Tunku: “Why should I stop? Did
he stop my marriage?”
07. Sisya: “Guruji, a man should be hot, pungent and strong like a
mirchi”.
Guru Tunku: “Even we are like that, ladies will make us pickle of mirchis”.
08. God decided to encourage people to have fewer children and
introduced an award scheme.
He first met Jawaharlal Nehru in heaven, and asked him how many
children he had during his time on earth. Nehru replied: 'only one'. Happy
with the good family planning adopted, God awarded Nehru with a
Celestial Rolls Royce! Indira Gandhi was next, and God asked the same
question. She replied she had two children. God thought, not too bad, so
he gave her a BMW. Dr. Radhakrishnan was next in line. God was not
pleased to hear that he had six children, and gave him a Maruti-800 as a
kind of punishment. Sometime later, the three (Nehru, Indira and
Radhakrishnan) were going around in their new cars, saw Mahatma
Gandhi on foot!!! Wondering what went wrong, they asked why God
hadn't been merciful with him. The Mahatma replied in disgust: '"God did
not even ask me!!! Some idiot told him that I am the Father of the Nation"
09. Doubts from Back Benchers: 'Sir, if National Anthem and National
animal come together, should we stand or we run?'
10. Tunku: 'Doctor, after operation of mine is over, all the stitches are
appearing like flowers; why?'
Doctor: 'The lady doctor who did your surgery is very much fond of
embroidery'.
11. Tunku, in the early morning remembered the havoc he played
during previous night and quarrel with his wife after he came fully drunk,
repented for the incident. He had seen all the beer bottles and thought that
these drinks are the reason for such an incident. Whatever bottle he has
seen, he started them to throw and break. He stopped when he lifted the
last bottle which was heavy. Even its seal was not opened. He carefully
kept it in the almirahs saying, 'No connection of quarrel in the night to this
bottle'.
12. Tunku: 'Brother, husband and wife are two blades of one scissors.
They are always joined together. Any person who goes in between those
blades will lose his head'.
13. Friend: “Why rivers are named after female names and hills are with
male names?”
Tunku: “The reason is – rivers don't stay in a single place and highly
mobile where as mountains stay at a place without moving”.
S. Vivek
HO :P&D

BANKS HAVE NO LIABILITY FOR LOSS OF VALUABLES IN LOCKERS: RBI

Banks say that "the relationship they have with customers with regard to lockers is that of lessee (landlord) and lessor (tenant)". In such a
relationship, the lessor is responsible for his or her valuables kept in the locker which is owned by the bank. The locker hiring agreement
absolves them of all liability. This was disclosed in an RTI response by the Reserve Bank of India (RBI) and 19 PSU banks. Stung by the
revelation, the lawyer who had sought information under the transparency law has now moved the Competition Commission of India
(CCI) alleging "cartelisation" and "anti-competitive practices" by the banks in respect of the locker service.
He has informed the CCI that the RTI response from the RBI has said it has not issued any specific direction in this regard or prescribed
any parameters to assess the loss suffered by a customer. The banks have contended that in such a relationship, the lessor is responsible
for his or her valuables kept in the locker which is owned by the bank.

“No man is wise at all times” – Ramesh Kumar Bung. 07

BANKING
AWARENESS
01. What are the usages of Credit Cards?
02. Clarify the definition of 'short term borrowings'?
03. Can an individual have any number of 'Basic Savings Bank
Deposit Account (BSBDA)' in one bank?
04. Whether the normal SB account can be converted into
BSBDA at the request of customer?
05. In a fresh push towards a less cash economy, the RBI has
prohibited non-banking finance companies (NBFCs) of all
kinds from lending more than how much in cash against
gold? 15. Expand WALR.
06. The Central Board of Direct Taxes is considering making 16. RBI will shortly issue Rs. 10 denomination banknotes in
PAN mandatory as a requirement for allotting TAN to Mahatma Gandhi Series – 2005 with inset letter 'L' in both
companies that deduct tax at source. What is full form of the number panels, bearing the signature of Dr. Urjit R. Patel,
TAN? Governor, RBI and the year of printing 2017 printed on
which side of the note?
07. As per World Gold Council (WGC) report in March 2017,
demand for gold is likely to improve and expect consumers 17. What is the manner in which the company can buy 'buy
to buy how much? back' its own shares?
08. Post-demonetisation, 23.3 million new accounts were 18. What is meant by 'delisting of securities?'
opened under the Pradhan Mantri Jan Dhan Yojna 19. Normally in share market some companies' shares are called
(PMJDY), bulk of which 80% were with public sector banks. as Blue Chip. What is Blue Chip?
Of the new accounts opened, how many PMJDY accounts 20. How Bonus Shares are issued?
were opened in rural areas?
21. What is 'Vanilla Issue'?
09. Deposits under PMJDY accounts increased significantly post
22. Which is called as Fully Secured Loan?
demonetisation. The total balance in PMJDY accounts
peaked at Rs. 746 billion as on which date from Rs. 456 23. Which is called as Restructured Account?
billion as on November 9, 2016? There is an increase of 24. CDR is a non-statutory mechanism which is a voluntary
63.6%. system based on Debtor-Creditor Agreement and Inter
10. Despite large supply liquidity, active liquidity management Creditor Agreement. Expand CDR.
by RBI ensured that the WACR – the operating target of 25. Banks may restructure the accounts classified under which
monetary policy-traded around the repo rate (during 08.11 categories?
to 25.11), but with a softening bias (23 bps on an average). 26. CAP can also includes resolution by way of flexible
Expand WACR. structuring of project loans, change in ownership under
11. There was a strong growth in foreign tourist arrivals at 13.2% strategic debt restructuring scheme for sustainable
(year on year) during November 2016 to January 2017 in structuring of stressed assets, etc., What is CAP?
India. Which period is the peak season for Indian tourism 27. What is Bharat Bill Payment System?
industry?
28. Recently RBI announced the introduction of how many
12. With the introduction of Bharat Interface for Money (BHIM), additional settlements in the NEFT to enhance the efficiency
there is now a front-end app developed by NPCI, which will and add to customer convenience?
serve as a common app for any bank. Linked to a bank
account at the back-end, BHIM allows ------- 29. Which is called as 'Banking Outlet'?

13. No service tax will be charged on digital transaction 30.
charges/MDR for transactions up to how much? 31.
14. The USSD service brings together diverse ecosystem
partners such as banks & telecom service providers and
allows customers to access financial services by dialling 32.
which from their mobile registered with banks? (The service 33.
works across all GSM service providers all types of handsets-
smart phones and feature phones).
What is called as 'Part-time Banking Outlet?'
The opening of new branches and shifting of existing
branches of banks is governed by the provisions of which
Act?
What are the objectives of setting up of payment banks?
What is Gross Value Added?
[Answers on Page No: 12 ]

08 “Tomorrow comes never” – Ramesh Kumar Bung.

THE ATM AT 50: IT WAS INVENTED
BEFORE THE DEBIT CARD
Fifty years ago during the last week of June, consumers' lives changed.
While at one time, they could only receive cash during their banks'
business hours, on June 27, 1967, a machine was born in London that
fixed that.
The first ATM debuted in London. John Shepherd-Barron, who worked at
a company called De La Rue Instruments that specialized in printing
newspapers, and eventually, banknotes during the early 1900s, became
frustrated when he arrived a minute after a bank closed one Saturday. He
brought his idea to the British bank Barclays BCS, +1.96% , which jointly
developed a cash machine with De La Rue Instruments. It took about two
years to make it, and it debuted in Enfield, in north London. Since then,
the “cash machines” eventually known as ATMs, or automated teller
machines, have spread across the world.
Here are 4 other things you may not know about ATMs: They weren't very
popular at first. When the first ATM debuted in Enfield, several other banks
in Europe were racing to debut their own. Westminster Bank, which is now
part of the Royal Bank of Scotland RBS, +1.56% , and a Swedish
company called Asea-Metior both debuted their own cash machines
within weeks of the Barclays version. The first ATM in the U.S. opened at
Chemical Bank in Rockville Center, NY, in 1969.
The ATM came before debit cards: The original ATMs predated debit
cards. So, using them was more “cumbersome” because consumers had
to use a paper form and a pin number to access their money. When debit
cards became available in the 1970s, ATMs became more consumer-
friendly. English actor Reg Varney makes the first withdrawal from the first
ATM on June 27, 1967.
And when ATMs began to support check deposits in the mid-2000's. It
made a really, really big difference in how people look at the ATM. It was
the first time many people started thinking about it as more than a cash
dispenser. By 2014, there were more than 3 million ATMs worldwide, in
places including Antarctica, Easter Island, the Grand Canyon and an
?
DO
DO YOU
YOU
KNOW
01. At the time of hunting, leopards can change their direction while they are
in the air also.
02. Some birds called 'Dipper' build their nests behind waterfalls.
03. There are 10000 varieties in Tomato.
04. Usage of spectacles was in vogue 700 years ago.
05. Anacondas continue to grow till their death.
06. The very often stolen book in libraries is 'Gunnies Book of World
Records'.
07. Mosquitoes are more attracted towards blue colour.
08. There would be 1500 earth quakes on an average per year in Japan.
09. The largest Montessori School in the world is at Lucknow in India. The
strength of the students in it is 52000.
10. Virus attacks even other virus.
11. You do not dream while you snore in the sleep.
12. The tallest tree is in California. Its height is 379 feet.
13. The Bororo sect people in Brazil have common blood group. It is 'O'.
“Zeal without knowledge is a runaway horse” – Ramesh Kumar Bung.
altitude of 14,000 feet in Tibet, according to the ATM Industry
Association.
Since the ATM first became available, there have been numerous
innovations in how consumers pay for goods, from credit cards to apps
such as PayPal's Venmo PYPL, -1.88% and Facebook's FB, -1.96%
Messenger, which allow people to pay one another. But the amount of
cash in circulation in the U.S. continues to grow, year-over-year, according
to the Federal Reserve. There are currently some 39.8 billion banknotes in
circulation, up from 25.6 billion in 2005, around when ATMs began
accepting deposits. Consumers made some 5.8 billion withdrawals from
ATMs in 2015, the exact same amount as they did in 2012, according to
the Federal Reserve. But the average amount consumers withdraw during
one transaction actually rose from 2012 to 2015, from $118 per
transaction to $122, the Fed found.
ATMs come in handy: Shoppers still use cash for roughly half of all
transactions valued at less than $50, according to the Federal Reserve
Bank of San Francisco.
In the past several years, banks have upgraded their ATMs rapidly, making
them similar in look and feel to smartphones and tablets, said Richard
Harris, the vice president of new technology incubation and design at
Diebold Nixdorf, a company that has produced ATMs for the last several
decades.
Some banks, including Chase JPM, +0.93% and BMO Harris Bank
have already begun experimenting with allowing consumers to use their
smartphones to access their ATM, in lieu of a debit card, by using near-
field communication (NFC) technology, the same system that allows
mobile payments such as Apple Pay AAPL, -1.43% and Samsung Pay to
work.
14. Children of 4 years age ask 100 questions per day on an average.
15. In the survey conducted in 2008, 58% of the teenagers in USA thought
that Sherlock Holmes really existed.
16. The fish called Coy in Japan lives for 200 years.
17. In Switzerland, Science Day is in the name of A.P. J. Abdul Kalam.
18. The British King and his son do not travel together by air as they think
that at least one should survive in case of any accident.
19. The astronauts can watch 16 sunrises and 16 sunsets per day from the
cosmic orbit.
20. As infants suck their thumbs, even small elephants suck their trunks.
21. In Honduras country there would be a natural rain of fish every year.
22. Heart of humming birds beats 1200 times per minute.
23. Heart of blue whale is in the size of an ambassador car.
24. The number of sheep is more than men in New Zealand.
25. Once in 7 years, each cell of our body is replaced with a new one.
26. Bacteria on human body weigh between 900 grams to 4 kilos.
27. The average weight of a cloud is 1.1 lakh kilos.
28. In America, the vacant houses are more than the people who do not own
houses.
29. Upon Mars, the sunset would be seen in blue colour.
30. Among 10 big statues in the world, 8 belong to Lord Buddha.
P. Venugopal Reddy
HO: Credit
09
FIRE CAUSER TUNKU
When Tunku looks at a green tree, it will be blackened and burnt. The land
upon which he walks, no grass will sprout on it. As he is such a great man,
his wife could not watch his universal personality and left this world at the
young age only. As a result, he is left alone; he cooks for himself, eats and
goes into the village, makes several rounds throughout the day to meet
people.
One day morning, he got down into the river and offered prayers to sun
god as usual. Then he turned to his left and found Gopal who was carrying
bamboo yoke with pots on his shoulders. Tunku stopped his prayers and
accosted Gopal, 'What man! I heard that you have bought land on the side
of the tank, is it so?' Gopal replied, 'Yes sir'. Tunku retorted: 'You can carry
water later on; did you ever verify whether you are deceived by
purchasing that land?' Gopal suddenly dropped the yoke and pots on the
land and saluted Tunku. Tunku said with smile: 'There is no hurry. Bring
sale deed papers, I will verify them'.
Gopal ran home fast and brought the papers. Tunku took them, gone
through the papers, scratched his hair and finally spoke: 'The man who
sold the land to you has no selling rights'. Gopal fumed with anger: 'I have
paid money and purchased the land and got it registered in my name; how
can you say that this sale deed is invalid?' Tunku told: 'Why do you shout
and scream? Let me see whether your papers are valid or my words are
true'. Gopal said: 'Whatever you want to do, you can' and rushed to his
house.
Next day, some relative of the seller of the property got communication
from Tunku that 10 acres of land is easily available and a case may be filed
in the court of law. The case went on for 10 years in the civil court. Finally,
Gopal could win the case and got his purchased land but had to spend
money thrice than the value of the land.
One day, Tunku was walking along the street. He has observed that bunch
of green mango leaves were hanging on doors of Pullaih' house. Green
leaves and yellow threads cause great irritation to Tunku. He walked fast
and reached home of Bhoomaiah. He sat on the platform of his house and
preached him: 'It is fact that Pullaih borrowed huge money from you. It is
good that you have lent the amount to help him at the time of his distress. It
is also a fact that Pullaih has been procrastinating to extinguish your debt
as and when you have been demanding. I appreciate your patience. You
are really a gentleman. But, what will happen to you when you know that
your money is irrecoverable? You have got to perform your daughter's
marriage. There are young children to be educated. What is the fate of
them?' Bhoomaiah innocently asked: 'Do you mean to say that I will not
get back my money?' Tunku replied: 'No chance. You go and see. Pullaiah
is performing all the functions. Day before yesterday, he celebrated a
function. Today is another one. Wherefrom the money has come? Believe
me; your debt is not being liquidated deliberately, not because of want of
money. You will always see his empty hands to pay you'.
Bhoomaih was frightened. From his fear, anger emerged. He ran fast to
Pullaih's house and sat on his neck to pay back his dues. Pullaih said he
had no money; but Bhoomaih refused to listen to him and pulled all the
ornaments and jewellery and got them pledged and recovered his dues.
When Tunku was coming back from market, the green leaves on the doors
of Pullaih were cut, torn and hanging. Tunku smiled with satisfaction, went
home, slept on his bed and slept comfortably.
Tunku used to be agitated if any housewife appears with full of ornaments
on her neck. He used to be irritated and trembled if he comes across any
person with a smile. Entire village was afraid of Tunku's appearance. In
case he sees anybody from top to bottom, that would be the end of that
person. Only one old lady, Buchamma was dare enough to face him. She
only can chide, reproach and reprimand him. When Buchamma is seen
approaching on his way, Tunku only was escaping and was going on other
way. But, Buchamma used to call him and scold him: 'Useless fellow! You
are taking away lives of people! Did you offer anything to anybody? How
are you able to sleep by destroying houses of others?' Tunku does not reply
her. He stands silently bending his head down. He is frightened by the
sight of Buchamma.
As the time passed, Tunku attained old age and became bedridden. He
came to know that last moments of his life are approaching. He called all
the residents of the village to his house and saluted everybody with folded
hands and said: 'I am a sinner. I harmed so many people. Please pardon
me if you can. Please heed to my last request. Don't cremate me. I am not
that virtuous. Take my body to Muslim's burial ground and bury me after
my death. It gives peace to my soul' saying this, he breathed his last.
As promised, village people took his body and carried it to Muslim's burial
ground. Muslims have objected the body of a Hindu to be buried there.
Villagers insisted for it. Muslims rebelled. Hindus started fighting with them
taking up sticks. There began a big fight. At that time, Buchamma came
there and shouted: 'Stop. You all people have no brains! Don't you know
that Tunku wanted all of you should fight among yourselves even after his
death? Senseless fellows! He asked you to bury his body to cause
differences amongst you'. Everybody there got conscious. Later, Hindus
and Muslims carried his body together and burnt it on the bank of a river
finally!
Gopal Kishan Dev Sharma
HO: Clearing

RBI INTRODUCES NEW RS 500 NOTE, OLD NOTES TO STAY VALID

The Reserve Bank of India on 13.06.2017 introduced a new series of the recently introduced Rs 500 notes.
The Central Bank issued a notification on Tuesday, 13th June, 2017 saying, "In continuation of issuing of Rs 500
denomination banknotes in Mahatma Gandhi (new) series from time to time which are currently legal tender, a new batch of
banknotes with inset letter "A" in both the number panels, bearing the signature of Dr Urjit R. Patel Governor, Reserve Bank of
India; with the year of printing "2017" on the reverse, are being issued".
The design of these notes is similar to all the Rs 500 notes which are in circulation, already. However, the RBI also made it clear
that the already existing Rs 500 notes would still be a legal tender. The RBI introduced new RS 500 notes and Rs 2000 notes,
last year after the demonetisation was announced on November 8, 2016.
The new Rs 500 banknote also featured (intaglio printing of Mahatma Gandhi portrait, Ashoka Pillar emblem, bleed lines,
circle with Rs 500 in the right, and the identification mark) for visually impaired person to identify the denomination.

10 “No man is a failure who is enjoying life” – William Feather.

 INTERESTING FACTS
ABOUT HUMAN BODY
The human body's make up and functions are quite interesting. Here are
some curious facts:
Ÿ The stomach takes 20 minutes to tell the brain that it is full and that one
should stop eating.
Ÿ The thickness of skin varies from ½ to 6 mm, depending on the area of
your body.
Ÿ The four taste zones on our tongue are bitter (back), sour (back sides),
salty (front sides) and sweet (front).
Ÿ One uses 14 muscles to smile and 43 to frown. It takes the interaction
of 72 different muscles to produce human speech. The strongest
muscle of the body is the masseter muscle, which is located in jaw.
Ÿ The small intestine is about 75 cm long. The large intestine is 150 cm
long and 3 times wider than the small intestine.
Ÿ Most people shed 20 kg of skin in their lifetime.
Ÿ When you sneeze, air rushes through your nose at the rate of 156
kmph. It is impossible to sneeze with open eyes.
Ÿ An eyelash lives about 150 days before it falls out.
Ÿ Our brain sends messages at the rate of 375 kmph.
Ÿ About 5 to 6 litres of blood is filtered by 2 million nephrons 37 times a
day.
Ÿ Each of our eyes has 120 M rods, which helps us see in black and
white. Each eye has 6 M cones, which help us see in colour. We blink
our eyes about 20000 times a day.
Ÿ Our heart beats about 100000 times a day.
Ÿ Placed end-to-end all our body's blood vessels would measure about
90000 kms.
Ÿ The average human brain has about 100 billion nerve cells.
Ÿ Babies are born without knee cap. They don't appear till they are 2-6
years of age.
Ÿ Children grow faster in the spring season.
Ÿ Women blink their eyes twice as much as men.
Ÿ If one is blind in one eye, he only loses about 1/5 of vision and the
sense of depth.
Ÿ Our eyes are always the same size from birth, but our nose and ears
never stop growing.
Ÿ The length of the finger shows how fast the fingernail grows. The nail
on the middle finger grows faster. On an average, our toenails grow
twice as slow as our fingernails. A fingernail takes about 6 months to
grow base to tip.
Ÿ Hair is made of the same substance as fingernails.
Ÿ The nose can remember 50000 scents.
Ÿ The energy used by the brain is enough to light a 25 watt bulb.
Ÿ The heart produces enough pressure to squirt blood 900 cm.
Ÿ We get new stomach lining every 3-4 days. If we didn't, the strong acids
our stomach uses to digest food would also digest our stomach.
Ÿ A pair of feet has 500000 sweat glands.
Ÿ Each square inch of human skin consists of 600 cm of blood vessels.
Ÿ The liver is the only major organ in human body that can regenerate
itself if part of it is removed.
G. Amarnath
HO: PDS
“The time to be happy is now; the place to be happy is here” – Robert G. Ingersoll.
SALAM HYDERABAD
LEISURE LEEWAY
From a luxurious palace known for a philandering prince's daily dose of
revelries and his infamous nocturnal courts, to the country's premier
management training college where practising managers hone their
managerial skills, is quite an eye-brow raising transformation.
It was built in 1905 by Muslehuddin Mohammed, Bar-at-law who rose
to be the Chief Justice of the High Court of Hyderabad. He was given
the title of Hakim-ud-dowla. The building had no columns. It stood on
walls which were 2 feet thick. Hakim-ud-dowla lived in Bella Vista
from 1905 to 1914 when he died due to plague at the age of about 57.
Incidentally, he was the cousin (father's sister's son) of Sir Nizamat Jung
who built the Hill Fort Palace which till recently was the Ritz Hotel. It is
also coincidence that the Prince of Berar, the elder son the Nizam VII
lived in Bella Vista, while the junior prince came to live in the Hill Fort
Palace after they were sold by the original builders.
In the compound of Bella Vista another smaller house was built for the
younger brother of Hakim-ud-dowla, Jalaluddin Sad Jung, Bar-at-law.
On his death in 1916, the family decided to sell the mansion. The Nizam
bought it with furniture in 1917 for Rs. 60,000. The original cost of the
construction was Rs. 45000. The building was occupied by Sir Ali
Imam who became the Prime Minister of Hyderabad in 1919. He used
the building next door now known as the Lake View guest house as his
office. On the departure of Sir Ali Imam from Hyderabad in 1922, the
building was renovated and made the official residence of the Prince of
Berar in his capacity as the commander-in-chief of the State armed
forces. During his occupation lasting more than two decades, night was
day and day was night. Revelries lasted throughout the night and as the
sun raised the principal occupant and his protégés retired to their beds.
The Prince of Berar had a monthly allowance of Rs. 25000 and lived in
such a lavish life that he could not manage within that amount. He
therefore incurred debts from all and sundry. Very often he would give a
promissory note for Rs. 30000 when he actually took Rs. 10000 which
he urgently needed. These notes were preserved carefully by the
creditors and at one time the Nizam cleared the debts of the two princes
which amounted to about Rs. 4.5 crore. Bella Vista swarmed with
women of all types. At one time the Nizam became so disgusted with
them that he issued a firmana ordering them to quit and set up a
committee to settle their claims.
In 1955 it was decided to establish the Administrative Staff College of
India. The state government then sold the building for Rs. 10 lakh to be
paid in 10 annual instalments. General S.M. Srinagesh who had retired
as Chief of Army Staff in 1957 was appointed as the first principal of the
college. The building had to be subjected to considerable changes to be
converted from a palace to a college. The ball room was converted into
dining hall and the drawing room into a lecture hall. The college was run
on military lines by the first principal but later on the discipline softened
under civilian and academic principals. Amongst the recreational
facilities for the participants there was also a bar and the joke was that
the college was attached to a bar.
The College, started in 1957 has grown from strength to strength and
has had nine principals so far. In 1966 it had a faculty of 50 out of which
7 are women. It trains India's senior managers both in the public and the
private sector. It has also organised high level retreats for central and
state ministers and senior civil servants.
Purshotamdas Mandhana
Chairman
11
A N S W E R S
01. For purchase of goods and services at Point
of Sale; e-commerce (online purchase)/
through Interactive Voice Response (IVR);
recur ring transactions/ Mail Order
Telephone Order (MOTO); can be used
domestically and internationally (provided
it is enabled for international use) and to
withdraw cash from an ATM and for
transferring funds to bank accounts, debit
cards, credit cards and prepaid cards.
02. A short term borrowing means borrowing
of tenor up to but less than one year.
03. No. An individual is eligible to have only
one BSBDA in one Bank.
04. Yes. Such customer should give his consent
in writing and he should be informed of the
features and extent of services available in
BSBDA accounts.
05. Rs. 20,000/-
06. Tax Deduction Account Number.
07. Between 650 and 750 tonnes.
08. 46.4%
09. December 7, 2016.
10. Weighted Average Call Money Rate.
11. October to March.
12. Sending and receiving money to/from
o t h e r U P I a c c o u n t s o r a d d re s s e s ;
Remittances to users who do not have a
UPI-based bank account.
13. Rs. 2000 per transaction.
14. *99#
15. Weighted Average Lending Rate.
16. Reverse.
17. From the existing shareholders on a
proportionate basis through the tender
offers; from open market through book
building process; from open market
through stock exchange; and from open
market from odd lot holders.
18. The term 'delisting' of securities means
removal of securities of a listed company
THE CRACKED POT
A water bearer had two large pots, each hung on
the two ends of a pole which he carried across his
neck. One of the pots had a crack in it, and while
the other pot was perfect and always delivered a
full portion of water at the end of the long walk
from the stream to the master's house, the cracked
pot arrived only half full.
For full two years this went on daily with the bearer
delivering only one and a half pots of water in his
master's house. Of course, the perfect pot was
proud of its accomplishments, perfect to the end
for which it was made. But the poor cracked pot
was ashamed of its own imperfection, and
miserable that it was able to accomplish only half
of what it had been made to do.
The cracked pot spoke to the water bearer one day
by the stream: “I am ashamed of myself, and I
want to apologise to you”. Water bearer: “Why?
12
from the stock exchange. As a consequence
of delisting, the securities of the company
would no longer be traded at the stock
exchange.
19. The best rated shares with the highest
status as investment based on return, yield,
safety, marketability and liquidity.
20. Shares issued by companies to their
shareholders free of cost by capitalization of
accumulated reserves from the profits
earned in the earlier years.
21. A straight fixed rate issue which has terms
and conditions usually accepted as being
conventional to a particular securities
market.
22. When the amounts due to a bank (present
value of principal and interest receivable)
are fully covered by the value of security
duly charged in its favour, the bank's dues
are considered to be fully secured.
23. A restructured account is one where the
bank, for economic or legal reasons relating
to the borrower's financial difficulty, grants
to the borrower concessions that the bank
w o u l d n o t o t h e r w i s e c o n s i d e r. A
restructured loan is a new loan that replaces
the outstanding balance on an older loan,
and is paid over a longer period, usually
with a lower instalment amount. Loans are
commonly rescheduled to accommodate a
borrower in financial difficulty and, thus, to
avoid a default. Also called rescheduled
loan.
24. Corporate Debt Restructuring.
25. Standard, Sub-standard and Doubtful
Assets.
26. Corrective Action Plan.
27. Bharat Bill Payment System (BBPS) is an
integrated bill payment system which will
offer interoperable bill payment service to
customers online as well as through a
What are you ashamed of?”
Cracked pot: “I have been able,
for these past two years to
deliver only half my load
because this crack in my side
causes water to leak out all the way
back to your master's house. Because
of my flaws, you have to do all of this
work, and you don't get full value from your
efforts”.
The water bearer felt sorry for the old cracked
pot…… “As we return to the master's house, I want
you to notice the beautiful flowers along the path”.
As they went up the hill, the old cracked pot took
notice of the sun warming the beautiful wild
flowers on the side of the path. But at the end of the
trail, it still felt bad because it had leaked out half its
load, and so again it apologised to the bearer for its
failure. “Did you notice that there were flowers
“Those who bring sunshine to the lives of others cannot keep it from themselves” – James Barrie.
network of agents on the ground. The
system will provide multiple payment
modes and instant confirmation of
payment.
28. The additional 11 settlements at half-hour
intervals will be introduced with effect from
10th July, 2017 (Monday) at 8.30 am to
9.30 am, 10.30 am ….. 5.30 pm and 6.30
pm, taking the total number of half hourly
settlement batches during the day to 23.
The starting batch at 8.00 am and closing
batch at 7.00 pm shall remain the same
hitherto. The return discipline shall also
remain the same i.e., B+2 hours
(settlement batch time plus two hours) as
per extant practice.
29. A Banking Outlet is a fixed point service
delivery unit. It may be managed by either
bank's staff or its Business Correspondents
where services of acceptance of deposits,
encashment of cheques, cash withdrawals
or lending of money are provided for a
minimum period of 4 hours per day for at
least five days a week.
30. Any other fixed point service delivery unit
of the bank which does not comply with the
above prescription regarding minimum
working hours/days will be considered as
part-time banking outlet.
31. Section 23 of the Banking Regulation Act,
1949.
32. Providing small savings accounts;
payments/remittance services to mitigate
labour workforce; payments/ remittance
services to low income households, small
businesses, other unorganised sector
entities and other users.
33. Gross value added of a sector is defined as
the value of output less the value of its
intermediate inputs; Value added created
by a sector is shared between labour
compensation and capital compensation.
only on your side of your path,
but not on the other pot's side?
That is because I have always
known about your flaw and I
took advantage of it”. I planted
flower seeds on your side of the
path and everyday while we walk
back from the stream, you have
watered them. For two years, I have been
able to pick these beautiful flowers to decorate my
master's table. Without you being just the way you
are, he would not have this beauty to grace his
house”, he said.
Each of us has our own flaws. We are all cracked
pots in a way. We just got to take each person for
what she or he is, and look for the good in them.
BE A GOOD FINDER.
Sarita Joshi
HO: Forex
 I AM JUST 30 WHY DOES MY BACK/NECK HURT?
A little more than 10 years back, I remember how shocked I was when I
saw a young man, probably in his late twenties, suffer from a massive
heart attack. I was naturally puzzled as we learnt in medical school that a
heart attack is usually seen in those above fifty. These days, cardiologists
agree that it is fairly common to see a young man/woman suffer from a
heart attack. I 'm sure you are wondering, what has this to do with your
back/neck pain? Like the heart attack example, it is becoming more and
more common to see young men/women suffering from back/neck pain,
which was once purely considered an old age issue.
To begin with, lower back pain can happen due to several causes.
However at a younger age, i.e late twenties/early thirties, it is often due to
the onset of disc degeneration. The disc is a tough gelatinous structure that
sits in between each spinal vertebrae and provides stability and flexibility.
Wear and tear of this initiates a series of events leading to back/neck pain.
In common terms this would mean early stages of 'spondylois'. An award-
winning scientific research done by my team revealed that by the time
Indians reach 30 years of age, 30 % start showing signs of disc
degeneration and a handful of them start having episodes of back pain.
Is there anything you can do to prevent it or at least slow it down?: Imagine
the discs to be like the tyres of your car. The longevity of the tyres, depends
RATE CUT CALL GATHERS STEAM AFTER INFLATION EASES
As inflation slumped to a five- month low of 2.17% in May, India
Inc stepped up its call for the RBI to ease the interest rate,
highlighting the need to boost investment for creation of jobs. It
expects prices to remain benign in coming months. The industry
also urged the government to create a conducive environment for
investment, capacity utilisation and augmentation of industrial
production on a priority basis. "I think the case for supporting
growth is getting stronger and we hope that the RBI will take a
relook at its monetary policy stance in light of these new numbers,"
said Pankaj Patel, President, Ficci.
Assocham expects the wholesale price index (WPI) based inflation
to fall going ahead, citing risks to the Indian economy in the form of
global uncertainty, rising protectionism and a renewed slowdown
in the Chinese economy which could hit external demand. "Private
investment continues to face several impediments in the form of
corporate debt overhang and stress in the financial sector whereas
This universe is made up of millions of galaxies and our
galaxy, Milky Way, is just one of them. Milky Way is made up of
millions of solar systems and our solar system is just one of them.
Compared to the size of our solar system, our planet earth is just a
small speck of dust. And, in our planet earth, YOU are just a speck of
dust. Now, visualise yourself in the entirety of the Universe.
Purshotamdas Mandhana
“Enjoy your own life without comparing it with that of others” – Marquis de Condorcet.
on how well you drive the car. A rough driver may need to change the tyres
every few years but a good driver may be able to maintain his tyres for a
decade at a time. The same applies to your spine. Poor lifestyle choices,
lack of exercise, poor muscle tone, decreased vitamins and calcium levels
in the body, poor posture, poor office ergonomics and even smoking
contribute to an accelerated degeneration of the disc. While pain killers,
hot compression, pain gel application and physiotherapy helps deal with
an acutely painful situation, addressing the above elements will help
prevent repeated episodes.
Going for a walk twice a day, avoiding bending much, not lift heavy
weights, avoiding sitting or squatting on the floor, not using your cell
phone for too long, keeping the computer at the eye level are simple and
effective tips to get moving in the right direction. Seeking guidance from a
physiotherapist who will teach you core strengthening exercises, back
strengthening exercises is necessary. Remember, at its core, back/neck
pain in the absence of any obvious pathology, is a lifestyle disease. While
the disc degeneration that has happened already, cannot be reversed, it
can be prevented from getting worse.
A. Swapna
Receptionist
bad loans continue to increase," said Sandeep Jajodia, Assocham
President.
"The WPI inflation is expected to record a sharp decline to sub-2%
in June 2017, led by the base effect and trends in food and
commodity prices," said Aditi Nayar, Principal Economist at Icra.
She termed the recent trend of deflation in certain food items such
as vegetables and pulses as worrisome from the point of view of
assuring remunerative prices to farmers needed to sustain their
interest in growing such crops.
The decline in prices may dissuade widespread sowing of such
crops in the upcoming kharif season, Nayar said. Government
data released on Wednesday showed that prices of food articles
shrank by 2.27% in May on an yearly basis. The inflation print for
vegetables read (-) 18.51%. While potato saw a deflation of
44.36% for onion, it came in at 12.86%.
Yes to 3 A’s: Accept, Adjust and Appreciate.
No to 3 C’s: Never Criticize, Condemn or Complain.
Umesh Chand Asawa
13
COMMON ERRORS WITH VERBS
INCORRECT CORRECT
1. He asked had we taken our food. He asked if /whether we had taken our food.
2. He asked that what are you doing. He asked what we were doing.
3. Rama said can he go home. Rama asked if he could go home.
4. He asked to Rama why your father is angry. He asked Rama why his father was angry.
5. He does not care for my words. He pays no attention to what I say.
6. I do not care for you. I do not care what you do.
7. He does not care for money. He does not take care of his money.
8. He does not care for his work. He takes no care over his work.
9. No one cared for him after his wife died. No one took care of him after his wife had died.
10. When I went there I found that the lion was When I went there I found that the lion had
disappeared. disappeared.
11. He said that he saw him last year. He said that he had seen him last year.
12. I did not stop because he went out before I I did not stop because he had gone out before I
arrived. arrived.
13. He got angry before I said a word. He got angry before I had said a word.
14. I met a man who was my tutor 20 years ago. I met a man who had been my tutor 20 years ago.
15. This was going on since a long time. This had been going on for a long time.
16. I had been for walking yesterday. I went for a walk yesterday.
17. If I did this/ If I shall do this, I shall be wrong If I do this, I shall be wrong.
18. When I shall go to Bombay, I shall see him. When I go to Bombay, I shall see him.
19. If I would have done this, I would have done wrong. If I had done this, I should have done wrong.
20. I have left scouting. I have given up scouting.
21. I left playing. I stopped playing.
22. Leave the horse’s reins. Let go the horse’s reins.
23. He had to leave his rights. He had to abandon/relinquish his right.
24. I take my food. I have my food.
25. I take your leave. I must say goodbye.
26. In the noon I took rest. I had a rest in the middle of the day.
27. I came to know as to how he did this. I learnt how he did this.
28. I came to know why he was sad. I found out why he was sad.
29. He went to school to know arithmetic. (a) He went to school to learn arithmetic.
30. He knows to swim. He knows how to swim.
31. Later on he knew his mistake. Later on he realized his mistake.
32. We should not cut jokes in the class. We should not make jokes in the class.
33. He cut his pencil. He sharpened his pencil.
34. Shall I cut this word? Shall I scratch out/erase this word?
35. They cut his head. They cut off his head.
36. I said him to go. I told him to go.
37. He said to go. He told me to go.
38. I asked my servant to bring water. I told my servant to fetch me water.
39. I told the master to excuse me. I asked the master to excuse me.
40. I wanted that he should get leave. I wanted him to get leave.
41. I want that I should get leave. I want to get leave.
42. I like to play hockey. I want/I should like to play hockey.
43. He is troubling his subordinates. He is oppressing/ill-treating his subordinates.
44. He is troubling me. He is giving me trouble/treating me badly.
45. My foot is paining. (b) I have a pain in my foot/ My foot is hurting.
46. My tooth is paining. My tooth is aching.
47. I have got a hurt on my leg. I have hurt my leg.
48. He gave a speech. He made a speech.
49. He has given his examination. He has sat for/ he has done/taken his examination.
50. He made a lecture. He gave /delivered a lecture.
51. Rama can now sit on a bicycle. Rama can now ride a bicycle.
52. He got down from his bicycle. He got off his bicycle.
53. He took out his shoes. He took off his shoes.
54. Please see my book. Please look at my book.

14 “If you can dream it, you can do it” – Ramesh Kumar Bung.
COMMON ERRORS WITH VERBS
55. He would not hear me. He would not listen to me.
56. I was putting on a sweater. (c) I was wearing a sweater.
57. I cannot pull on with my work. I cannot manage my work.
58. I have ordered for a new racquet. I have ordered a new racquet.
59. I have disposed off my car. I have disposed of my car.
60. I put up with him. He put me up.
61. Keep this on the table. Put this on the table.
62. I always put my money in this box. I always keep my money in this box.
63. People respected him at the station. (d) People treated him with respect/showed respect
for him at the station.
64. I had a mind to play. I intended to play.
65. It goes hard with him to do this. He finds it hard to do this.
66. We cannot maintain our livelihood. We cannot earn/we cannot get a living.
67. I persuaded him to stop but he would not. I tried to persuade him to stop.
68. I struck a blow on his face. I struck / I hit him in the face.
69. I shot the tiger but missed. I missed the tiger/I shot at the tiger but missed.
70. I went for shooting and enjoyed. I went out shooting and enjoyed myself.
71. Do not play mischiefs. Do not get up to mischief.
72. The ship was drowned. The ship sank.
73. He denied to come. He refused to come.
74. I stood second in my class. I was second in my class.
75. I am reading at the high school. I am at the high school.
76. Columbus invented America. (e) Columbus discovered America.
77. He lived there for a day. He stayed there for a day.
78. We won our opponents. We beat our opponents.
79. He made a goal. He scored a goal.
80. He did no fault. He committed no fault.
81. We make drill. We do drill.
82. We ought to make exercise. We ought to take exercise.
83. I hope he must come. I hope he will come/I am sure he will come.
84. The council is consisted of ten members. The council consists of ten members.
85. ‘Where is the book?’ ‘It is not found’. ‘Where is the book?’ ‘It is lost’.
86. Fair out a written exercise. Make a fair copy of a written exercise.
87. I filled water in the bucket. I filled the bucket with water.
88. He prevented him from harm. He protected him from harm.
89. Open the light. Turn on the light.
90. Shut the light. Turn off the light.
91. My leg has been operated. I have had an operation on my leg.
92. It is written in this letter that…. This letter says that……
93. He thought how it is made. He wondered/he could not think how it was made.
94. I must revenge my brother. I must avenge my brother.
95. I must revenge my enemy. I must take revenge on my enemy.
96. When he comes you must wish him. When he comes you must greet/welcome him.
97. I won him in the race. I beat him in the race.
98. I marked what he was doing. I noticed what he was doing.
99. You can avail of this/this can be availed of You can avail yourself of this.

(a) 'Know' is used when learning is finished.

(b) 'To pain' should be used transitively.
(c) 'To put on' refers to the act of dressing; 'to wear' is used to express the act of carrying clothes on the body.
(d) 'To respect someone' means to have a high opinion of someone's character.
(e) 'Invent': something which did not exist till man created it; 'discover': something which existed without man's
knowledge. Ex: petroleum.

A.V. Rama Rao

“Life is a daring adventure” – Ramesh Kumar Bung. 15

 BIDDING FAREWELL

Sri K. Kishore Kumar, DGM, Sri A. Satyanarayana, Law Officer, Sri K. Kumar Venkanna, Smt. S. Savita and
Sri T. Roop Singh, Staff retired from the services of the Bank on attainment of superannuation. Sri Purshotamdas
Mandhana, Chairman, Sri Ramesh Kumar Bung, Chairman-Emeritus, Sri Umesh Chand Asawa, MD & CEO
felicitating the employees on their retirement. Executives and managers present on the occasion.

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