Dear Comrades,

We have been receiving several queries from members, particularly on whether officers should wait before availing loans, in view of possible improvements in staff housing loan limits, interest rates, and other benefits.

At this stage, no formal communication has been issued, but it is understood that management is actively considering certain enhancements. For instance, in many peer banks, the housing loan eligibility already starts from ₹120 lakhs at JMGS I level, and naturally, we expect our bank too to align with such benchmarks. Similarly, with public loan schemes now being offered at rates comparable to staff loans, it is only fair that staff loan interest rates be revisited for the welfare of officers.

Our apex body, AIUBOF, affiliated to AIBOC, has already placed these demands before the management, including at the recent ER meeting. We remain hopeful that the concerns raised will be addressed positively and in a timely manner.

As always, we are committed to pursuing these matters with utmost sincerity and dedication.

With warm regards,

Sreenath Induchoodan
General Secretary
UBOAKS / AIBOC