Posts Tagged ‘Bank Employees News’

Bank Wage Revision – Discussions with IBA on 14.11.2017

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DISCUSSIONS WITH IBA ON 14.11.2017

ALL INDIA BANK EMPLOYEES’ ASSOCIATION – AIBEA
NATIONAL CONFEDERATION OF BANK EMPLOYEES – NCBE
BANK EMPLOYEES FEDERATION OF INDIA – BEFI
INDIAN NATIONAL BANK EMPLOYEES FEDERATION – INBEF
NATIONAL ORGANISATION OF BANK WORKERS – NOBW

CIRCULAR TO UNITS

15.11.2017

Dear Comrades,

DISCUSSIONS WITH IBA ON 14.11.2017

One more round of discussions took place between IBA and our Workmen Unions yesterday i.e.14.11.2017 in IBA Office ain Mumbai.

IBA’s Sub-Committee was represented by Mr. Rakesh Sharma (MD, Canara Bank and Chairman of the Sub-Committee), Mr. V.G. Kannan(Chief Executive, IBA), Mr. B. Raj Kumar(Dy. Chief Executive, IBA), Mr. M.K Gupta(GM, Bank of India), Mr. Punit Jain(GM, PNB), Mr. T.S Seshadri(GM, Indian Bank), Mr. S.K Kakkar(Sr. Advisor, HR&IR, IBA) and Mr. K.S Chauhan(Advisor, IBA).

Our team was represented by Com. C.H. Venkatachalam and Com. B.S. Rambabu(AIBEA), Com. S.K Bandlish and Com. Vinil Saxena(NCBE), Com. Pradip Biswas(BEFI), Com. Subhash Sawant(INBEF) and Com. Upendrakumar(NOBW),

During the meeting, the following issues discussed in the meeting held on 3.11.2017 in the Sub-Group on demands relating to Disciplinary Action and Procedure were informed and further discussion took place.

i. For claiming travelling expenses for defending an employee in the departmental action, existing restrictions of ‘within the state’ be removed.

ii. Subsistence Allowance to be improved upon.

iii. Indiscriminate usage of Clause 5(j) to be stopped through proper guidelines / definition.

iv. Clarification with regard to provision of Clause 6(e) i.e. bringing down by two stages in the scale of pay and applicability of the same to employees who have already reached maximum in the scale of pay.

v. Clarification to be given that minor misconducts clearly enumerated under Clause 7 of BPS dated 10.04.2002 should not be brought as major misconducted under Clause 5.

vi. Multiple charges for one incident should not be made out.

vii. Punishment order by the Disciplinary Authority not to be implemented till the final disposal of Appeal by the Appellate Authority.

viii. Issuance of charge sheet under Pension Regulation to Award Staff after retirement to be stopped since it is not provided in Bipartite Settlement.

ix. Awarding the punishment of stoppage of increments should be without affecting superannuation benefits, as in the case of Officers.

x. Provision for appeal against suspension.

xi. In case of punishment of dismissals, a provision for Review Authority after Appellate Authority.

xii. Deletion of Fine as a punishment.

It was decided that the conclusions on the discussion on these issues would be finalised in the next meeting.

Thereafter, the following issues were taken up for discussions:

– Simplified formula for calculation of overtime wages. Unions submitted their views and the issue would be discussed further.

– On the issue of introduction of Leave Bank providing for voluntary contribution of leave by the employees to a common pool and utilisation of the same for sanctioning leave to those employees who suffer from major diseases and prolonged illness and have not leave to their credit, Unions submitted their Note containing their views and explained their proposal. It was decided to discuss the issue further.

– On our demands like Child Care Leave for women employees, Sabbatical Leave, Study Leave, etc., it was agreed that Unions would submit a Note for further discussion.

We pointed out that considerable time has elapsed since commencement of the discussions in May, 2017 on our Charter of Demands, but so far IBA has not come forward with their offer on wage increase and hence demanded that the next meeting of the Full Negotiating Committee should be fixed up at the very earliest for this purpose.

With greetings,

Sd…

C.H. Venkatachalam/AIBEA

Sd…

S.K. Bandlish /NCBE

Sd…

Pradip Biswas/BEFI

Sd…

Subhash S.Sawant/INBEF

Sd…

Upendrakumar/NOBW

Source: www.befi.in

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RBI: Statement on Developmental and Regulatory Policies – October 4, 2017- Banking Facility for Senior Citizens and Differently abled Persons

Banking Facility For Senior Citizen And Differently Abled Persons – RBI Notification

RESERVE BANK OF INDIA

RBI/2017-18/89

DBR.No.Leg.BC.96/09.07.005/2017-18

November 9, 2017

All Scheduled Commercial Banks (including RRBs) All Small Finance Banks and Payments Banks

Dear Sir/ Madam

Statement on Developmental and Regulatory Policies – October 4, 2017- Banking Facility for Senior Citizens and Differently abled Persons

Please refer to Paragraph 8 of Statement on Developmental and Regulatory Policies, released by Reserve Bank of India on October 4, 2017 as part of Fourth Bi-monthly Monetary Policy Statement 2017-18, a copy of which is enclosed. It has been observed that there are occasions when banks discourage or turn away senior citizens and differently abled persons from availing banking facilities in branches. Notwithstanding the need to push digital transactions and use of ATMs, it is imperative to be sensitive to the requirements of senior citizens and differently abled persons.

2. In view of the above, banks are required to put in place appropriate mechanism with the following specific provisions for meeting the needs of such customers so that they are able to avail of the bank’s services without difficulty.

(a) Dedicated Counters/Preference to Senior Citizens, Differently abled persons Banks are advised to provide a clearly identifiable dedicated counter or a counter which provides priority to senior citizens and people who are differently abled including visually impaired persons.

(b) Ease of submitting Life Certificate

As per extant guidelines issued by Department of Government and Bank Accounts, in addition to the facility of Digital Life Certificate under “Jeevan Praman” Scheme (refer circular DGBA.GAD.H-2529/45.01.001/2014-15 dated December 9, 2014), pensioners can submit physical Life Certificate form at any branch of the pension paying bank. However, it is observed that often the same is not updated promptly by the receiving branch in the Core Banking Solution (CBS) system of the bank, resulting in avoidable hardship to the pensioners. It is, therefore, advised that banks shall ensure that when a Life Certificate is submitted in any branch, including a non-home branch, of the pension paying bank, the same is updated/ uploaded promptly in CBS by the receiving branch itself, to avoid any delay in credit of pension.

(c) Cheque Book Facility

(i) Banks shall issue cheque books to customers, whenever a request is received, through a requisition slip which is part of the cheque book issued earlier.

(ii) Banks are advised to provide minimum 25 cheque leaves every year, if requested, in savings bank account, free of charge.

(iii) Banks shall not insist on physical presence of any customer including senior citizens and differently abled persons for getting cheque books.

(iv) Banks may also issue cheque books, on requisition, by any other mode as per bank’s laid down policy.

It is further clarified that providing such facility in BSBDA will not render the account to be classified as non-BSBDA (c.f. Bank’s response to query number 14 and 24 of our circular “DBOD.No. Leg. BC.52/09.07.005/2013-14 dated September 11, 2013 on Financial Inclusion – Access to Banking Services – BSBDA – FAQs”).

(d) Automatic conversion of status of accounts

Presently, in some banks, even fully KYC – compliant accounts are not automatically converted into ‘Senior Citizen Accounts’ on the basis of date of birth maintained in the bank’s records. Banks are advised that a fully KYC compliant account should automatically be converted into a ‘Senior Citizen Account’ based on the date of birth available in bank’s records.

(e) Additional Facilities to visually impaired customers

Banks are advised that the facilities provided to sick/old/incapacitated persons vide Paragraph 9 of our Master Circular DBR.No.Leg.BC.21/09.07.006/2015-16 dated July 1, 2015 on Customer Service in Banks (regarding operations of accounts through identification of thumb/toe impression/mark by two independent witnesses and authorising a person who would withdraw the amount on behalf of such customers) shall also be extended to the visually impaired customers.

(f) Ease of filing Form 15G/H

Banks are advised to provide senior citizens and differently abled persons Form 15G/H once in a year (preferably in April) to enable them to submit the same, where applicable, within the stipulated time.

(g) Door Step Banking

We have issued instructions on Doorstep Banking vide circular

DBOD.No.BL.BC.59/22.01.010/2006-2007 dated February 21, 2007 under Section 23 of Banking Regulation Act, 1949. However, in view of the difficulties faced by senior citizens of more than 70 years of age and differently abled or infirm persons (having medically certified chronic illness or disability) including those who are visually impaired, banks are advised to make concerted effort to provide basic banking facilities, such as pick up of cash and instruments against receipt, delivery of cash against withdrawal from account, delivery of demand drafts, submission of Know Your Customer (KYC) documents and Life certificate at the premises/ residence of such customers.

3. Banks are advised to implement these instructions by December 31, 2017 in letter and spirit and give due publicity in their bank branches and website.

Yours faithfully
(Saurav Sinha)
Chief General Manager

Source : RBI

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DA for Bank Employees from Nov 2017 to Jan 2018

DA for Bank Employees from Nov 2017 to Jan 2018

The calculation of Dearness Allowance for bank employees is almost finalized from Nov 2017 to Jan 2018.

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Creamy Layer Criteria in PSUs, Banks, Insurance Institutions – DoPT Orders on 6.10.2017

Creamy Layer Criteria in PSUs, Banks, Insurance Institutions – DoPT Orders on 6.10.2017

Establishing equivalence of posts in Central Public Sector  Undertakings(PSUs), Banks, Insurance Institutions with Posts in Government for establishing Creamy Layer Criteria – DoPT issued orders on 6.10.2017

No.41034/5/2014-Estt.(Res.)Vol-IV-Part
Government of India
Ministry of Personnel, Public Grievances and Persons
Department of Personnel & Training

North Block, New Delhi,
Dated: 6th October 2017

OFFICE MEMORANDUM

Subject: Establishing equivalence of posts in Central Public Sector  Undertakings(PSUs), Banks, Insurance Institutions with Posts in Government for establishing Creamy Layer Criteria – reg.

The undersigned is directed to refer to DOPT 0M No.36012/22/93-Estt. (SCT) dated (copy at Annexure I) regarding reservation for Other  Backward Classes in civil posts and servces under the Government of India. In terms of para 3 of the said 0M, similar instructions were to be issued respect of Public Sector Undertakings and financial institutions including Public Sector Banks by Department of Public Enterprises and by the Ministry of Finance respectively.

2. Government had recently examined the proposal for establishing equivalence of posts in Central Public Sector Undertakings (PSUs), Banks, Insurance Institutions with Posts in Government for establishing Creamy Layer criteria amongst Other Backward Classes. The Cabinet in its meeting held on 8.8.2017, inter-alia, approved para 5.2 of the Cabinet Note wherein the general principles for determination of equivalence in respect of Pubic Sector Undertakings, Banks and Pubic insurance organizations were proposed by the Ministry of Social Justice and Empowerment Relevant extracts of para 5.2 and para 9 of the Cabinet Note are appended at Annexure II.

3. Department of pubic Enterprises and Department of Financial Services are requested to advise all the public sector organizations under their respective administrative Control to issue necessary orders immediately, accordance with principles approved by the Cabinet as appended in Annexure Il, so as to conclude the exercise before 31st March, 2018.

4.  It is also requested that orders issued in the matter may kindly be arranged to be endorsed by all concerned to this Department as well as M/o Social Justice & Empowerment for our record.

sd/-
(G.Srinivasan)
Deputy Secretary

Source: www.dopt.gov.in

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Merger of PSBs Hold Massive Demonstration Call of UFBU

 Merger of PSBs Hold Massive Demonstration Call of UFBU

Circular No: 24/2017

24th August, 2017

To all Affiliates/Office Bearers/CC/GC Members

Dear Comrades,

Move for Merger of PSBs
Hold Massive Demonstration
Call of UFBU

This is further to our Circular No.23/2017 of yesterday. You were informed of the decision of Central Cabinet meeting held yesterday to constitute “alternative mechanism” for giving in principle approval for merger of public sector banks in the name of consolidation.

Through our circular referred above we expressed our strong sense of resentment against the decision of the Central Cabinet as we are of the firm opinion that the decision of the Cabinet is nothing but a ploy to go ahead with the hidden agenda of privatisation of public sector banks.

UFBU, through telephonic consultations among the constituents, has decided to hold demonstrations at all State Capitals and major centres at the earliest, the date for which will be decided by state units of UFBU depending upon local convenience.

We call upon all our units to take immediate initiative for holding meetings/consultations of/with state units/constituents of UFBU and to decide the date for holding the demonstration at State Capitals and all major centres of concerned States.

All our State units have to ensure maximum mobilisation of our members in respective areas.

With greetings,

Comradely yours

sd/-
(PRADIP BISWAS)
GENERAL SECRETARY

Source: www.befi.in

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AIBEA: Retirement Gratuity Ceiling hiked to Rs.20 lakh for bank employees and officers

AIBEA: Retirement Gratuity Ceiling hiked to Rs.20 lakh for bank employees and officers

Joint Ciruclar on Gratuity Ceiling

CIRCULAR TO ALL UNITS & MEMBERS

March, 2, 2017

Dear Comrades,

Improvements in Gratuity under Gratuity Act

Our units are aware that Gratuity is one of the important retirement benefits for the bank employees and officers. In all Banks ( except SBI ), Gratuity is paid as per formula under BPS/OSR or under the Gratuity Act whichever is higher. (In SBI, Gratuity is payable under the Act only).

While there is no ceiling for Gratuity under BPS/OSR, under the Act, there is a ceiling which is at present Rs. 10 lacs. (from 25-5-2010). When an employee or officer retires from the Bank, his/her Gratuity entitlement would be calculated both under the Act and under BPS/OSR and the higher of the two will be paid.

For example, a senior substaff/Daftary retiring after 40 years’ service would be eligible for ( approx.) Rs. 5 lacs under BPS and Rs. 8 lacs under the Act and hence would be paid Rs. 8 lacs as Gratuity.

A senior Clerk/Special Asst. would be eligible for Rs. 9.50 lacs under the BPS and Rs. 10 lacs under the Act and hence would be paid Rs. 10 lacs.

A senior General Manager of a Bank retiring after 40 years’ service would be eligible for Rs. 17 lacs under the OSR and Rs. 10 lacs under the Act and hence would be paid Rs. 17 lacs.

Due to continued inflationary trend and erosion in value of rupee, AITUC and all other Central Trade Unions have been demanding improvement/removal of ceiling under the Gratuity Act. Due to their effort, the ceiling was increased from Rs. 1 lac to Rs. 2.50 lacs, and then to Rs. 3.50 lacs and to Rs. 10 lacs in May, 2010. They have been demanding for removal of ceiling on Gratuity under the Act.

AITUC and Central Trade Unions have been pursuing this issue for the last more than 4 years through various programmes and struggles.

Bank News

Thus AIBEA and AIBOA have been part and parcel of all these programmes and strikes on the 12 Points Charter of Demands of the Central Trade unions which includes the demand for improvement in Gratuity Act.

AITUC and Central Trade Unions have been following up these demands with the Government and as a result, recently on 23-2-2017, the Central Government called for a Tripartite meeting on the issue of revising the ceiling on Gratuity. From AITUC, its Secretary, Com D L Sachdev participated and put forth the following suggestions.

i) While there should be no ceiling for Gratuity, as an interim measure, Government’s proposal to increase in ceiling of Rs. 20 lacs can be accepted.
ii) The revised ceiling should be made effective from January, 2016.
iii) Minimum service of 5 years for eligibility for Gratuity to be removed.
iv) Gratuity to be paid at 30 days wage per year instead of 15 days wage as atpresent.
v) All factories/establishments to be covered by the Act irrespective of number of workers.

All these matters have to be finally cleared by the Labour Ministry and then by Finance Ministry and then to be brought to the Parliament for amendment to the Gratuity Act.

Units are aware that improvement in Gratuity Act has been one of the demands of our strike on 28-2-2017. We are in touch with the AITUC and will keep our units informed of any further development in this regard.

With greetings,

Yours comradely,
sd/-
S. NAGARAJAN
GENERAL SECRETARY
AIBOA

sd/-C.H. VENKATACHALAM
GENERAL SECRETARY
AIBEA

Source: AIBEA

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AIBEA: Government Issues Notification On Associate Banks Merger

AIBEA: ALL INDIA BANK EMPLOYEES’ ASSOCIATION

CIRCULAR No. 28/5/2017/5

23-2-2017

TO ALL UNITS AND MEMBERS:
Dear Comrades,

Government issues Gazette Notification
On closure of Associate Banks and
Merger with SBI w.e.f. 1st April, 2017.
Protecting our members in the Associate Banks – need of the hour
Clarion call from AIBEA’s All India SBI Emp. Association

Our units and members are aware of our prolonged and principled opposition to the process of consolidation and merger of Associate Banks with SBI. There have been innumerable struggles and strike actions on this issue in the last more than a decade. Especially, when there were attempts to close the remaining 5 Associate Banks for merger with SBI, there have been very intensified agitations and progrmames. Our units and members in the Associate Banks have also led many struggles including number of strike actions.

There have been nationwide campaign on this issue because the move to close down the Associate Banks was totally unwarranted, rather there was a genuine need to delink these Banks from SBI and make them autonomous. For a long time, these Banks have been subjugated to the total whims of SBI and hence the real growth of the Associate Banks was in fact thwarted. Many Banks which were smaller in size than these Associate Bank have grown much bigger now. But our demand for delinking Associate Banks from SBI was deliberately ignored and played down by the successive Governments.

However, in the name of Banking sector reforms, privatisation and consolidation have continued to be their agenda and as a part of it, the Associate Banks have been their target. Making SBI a global player has been their fanciful idea notwithstanding the fact that it is neither prudent nor required for Indian situation. Ignoring all our viewpoints, opposition of various political parties, etc. the Government has gone ahead with their decision and after giving final Cabinet clearance few days ago, have now notified the merger with SBI w.e.f. 1st April, 2017.

With this development and reality, the need has now arisen to take all efforts to protect the interests of our membership in the Associate Banks. AIBEA’s union in SBI: Our units are aware that already we have our union in SBI viz. ALL INDIA STATE BANK OF INDIA EMPLOYEES ASSOCIATION.

It has been decided that all our units and members in SBT, SBM, SBBJ, SBH and SBP will be affiliated to this union and thus we will have a stronger AISBIEA with nearly 50,000 members all over the country under the banner of AIBEA. It will be the biggest bankwise Union under the banner of AIBEA.

AISBIEA is shortly meeting to decide on all further steps to consolidate our organisation in the changed scenario after the merger with SBI and to take all steps to protect the interests of our members in the Associate Banks so that no injustice will be done to our members in any manner consequent to the merger.

With greetings,
Yours comradely,
C.H. VENKATACHALAM
GENERAL SECRETARY

Source: http://aibea.in/

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Bank Employees demands Overtime Allowance for Extra Work and Working on Holiday – BEFI

Bank Employees demands Overtime Allowance for Extra Work and Working on Holiday – BEFI

Overtime Allowance for Extra-Work

BEFI
BANK EMPLOYEES FEDERATION OF INDIA
NARESH PAUL CENTRE
53, Radha Bazar Lane, (1st Floor), Kolkata – 700 001
e-mail:pradipbefi@yahoo.co.in Website: www.befi.in
(Ph):033- 2225-4414/2236-5108 (M) 94331 44271 Fax: 033-2236-5109/2242-0690

11th November 2016

By Fax: 022-22184222

The Chief Executive
Indian Banks’ Association
World Trade Center Complex, Centre – 1, 6th Floor
Cuffe Parade
Mumbai – 400 005

Overtime Allowance for Extra-Work

You are aware of RBI directive to Banks on working beyond scheduled business hours on 10th and 11th as also to keep the Banks open on 12th (Second Saturday) and 13th (Sunday) of this month with a view to facilitating customers, as also those having no Bank account, deposit/exchange //500// and //1000// Rupee Notes since demonetized. Accordingly, all the Banks have issued necessary instructions to the employees for working extra-hours on two working days and on two holidays as aforesaid. However, while so issuing instruction to their respective employees, most of the Banks have not issued any direction to the respecting paying authorities for payment of appropriate Overtime Allowance to the employees concerned, as provided for in the Bipartite Settlement, for such extra-work and/or working on holidays.

Notwithstanding our serious reservations about the justification of the present demonetization and/or the manner and authority for making the announcement, etc., we cannot and have not been oblivious to the untold inconveniences the general public have been put to because of such shock announcement. To mitigate at least a little of the harassment they have been forced to endure because of the whims of the authorities that be, we have suitably advised our members, and have also called upon the Bankmen beyond our fold, to exert as much as possible to help

the constituents deposit and other sections of the public (non – Account holders) exchange the demonetized currencies in their passion.

Simultaneously, interests of the employees being the topmost priority of our agenda, we wish to ensure that they are not put to unnecessary inconvenience in realizing their legitimate dues, in respect of the extra work and/or working on holidays, from their respective employer-Banks.

In the circumstances, we request your suitably advising your member Banks to issue appropriate instruction for payment of Overtime Allowance, in terms of the Bipartite Settlement, to the employees concerned, for the extra-work as aforesaid.

Your await your appropriate positive action at your earliest convenience.

Yours Sincerely,
sd/-
(PRADIP BUSWAS)
GENERAL SECRETARY

Source: www.befi.in

Text of PRESS HAND OUT dated 10.11.2016

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Compassionate ground appointments in Public Sector Banks

Compassionate ground appointments in Public Sector Banks

ALL INDIA BANK EMPLOYEES’ ASSOCIATION
Central Office: “PRABHAT NIVAS” Regn. No.2037
Singapore Plaza, 164, Linghi Chetty Street, Chennai-600001
Phone: 2535 1522 Fax: 4500 2191, 2535 8853
e mail – chv.aibea@gmail.com & aibeahq@gmail.com
Web: www.aibea.in

CIRCULAR LETTER No.27/200/2016/33

24-5-2016

TO ALL OFFICE BEARERS, STATE FEDERATIONS AND
ALL INDIA BANKWISE ORGANISATIONS:

Dear Comrades,
Reg: Compassionate ground appointments in the Banks

Units are aware that despite the guidelines from the Government of India, some of the Banks are not implementing the scheme on compassionate ground appointment properly both in regard to eligibility and also on relaxations in qualifications. In the Associate Banks, even the Govt. guidelines have not been placed before the Boards of the respective Banks and unilateral instructions of the SBI are being adhered to whereby compassionate ground appointments are being denied. From AIBEA we have taken up the matter with the Finance Minister. Arising out of the recent UFBU meeting, UFBU also has addressed a letter to the Finance Minister and same is reproduced herein for the information of our units.

With greetings,

Yours Comradely,
C.H. VENKATACHALAM
GENERAL SECRETARY

UFBU Letter to Finance Minister

IBA/GOVT/2016/139

Date: 21st May, 2016

Shri Arun Jaitley,
Hon’ble Minister of Finance,
Government of India, New Delhi.

Respected Sir,

SCHEME FOR COMPASSIONATE APPOINTMENT IN PUBLIC SECTOR BANKS

We are thankful to you for restoring the Compassionate Appointment Scheme in Public Sector Banks (PSBs) vide your letter D.O.F.No.18/2/2013-IR dated the 7th August 2014, conveying the approval of the Government to open the Compassionate Appointment in PSBs on the lines of Central Government with a request to the Indian Banks’ Association (IBA) to take appropriate action to circulate the revised scheme to all PSBs for adoption with the approval of their respective Boards. Further, the decision of the Government was conveyed by Ministry of Finance vide letter F.No.18/2/2013-IR dated 05.12.2014 that all PSBs can have both the options i.e., compassionate appointment or payment of lumpsum ex-gratia amount.

2. It will note be out of context to mention here that the issue of restoration of compassionate appointment scheme in Public Sector Banks (PSBs) has been under discussions between UFBU and IBA since the last ten years and in accordance with the suggestion of Department of Financial Services, a joint proposal on broad parameters was submitted by IBA for approval of the Government. The sustained struggle by UFBU ended with your kind intervention resulting in approval as above from the Government of India.

3. However, we are shocked to observe that the managements of some of the banks have unilaterally decided to continue, with certain modifications, the scheme for compassionate appointment in exceptional circumstances only and the scheme for payment of Ex-gratia Lumpsum Amount in lieu of Compassionate Appointment, totally ignoring the approval of Government of India to open the Compassionate Appointment Scheme in Public Sector Banks (PSBs) on the lines of Central Government.

4. Further, the concessions / relaxations, as provided under the scheme envisaged by the Government, as applicable to Central Government employees, such as exemption from the requirement of minimum educational qualification etc., have not been extended in the Banking Industry, thereby making them ineligible and denying the appointments.

5. The unilateral decisions of the managements as above, is not only total ignorance of the directives of the Government of India to open the Compassionate Appointment Scheme on the lines of Central Government but also deliberate utter disregard to the sustained struggle of bank workmen and officers for nearly a decade in getting the scheme approved by the Government.

6. Hence, we earnestly seek your kind intervention in the matter and arrange to appropriately instruct all the Public Sector Banks, which have not introduced the Compassionate Appointment Scheme on the lines of Central Government, as approved by the Government of India and advised by you and also on provision of concessions / relaxations as applicable to Government employees, under the compassionate appointment scheme.

Please acknowledge receipt of this communication and advise us the developments in this regard.

With best regards

Yours sincerely,
Sd..
(M.V.MURALI)
CONVENOR

Copy to All Constituent Units of UFBU.

Source: http://aibea.in/

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Dearness Relief for Pre-1986 Bank Pensioners from August 2016

Dearness Relief payable for the period August 2016 to January 2017 to surviving pre 1.1.1986 retirees of banks (b) surviving spouses of pre 1.1.86 Retirees who are in receipt of Ex-gratia

IBA circular on DA for Pre-1986 Bank Retirees and Surviving Spouses

Indian Banks’ Association

HR & INDUSTRIAL RELATIONS

No.CIR/HR&IR/D/G2/2016-17/774

August 1, 2016

Designated Officers of all Nationalised Banks and Associate Banks of State Bank of India

Dear Sirs,

Dearness Relief payable for the period August 2016 to January 2017 to surviving pre 1.1.1986 retirees of banks (b) surviving spouses of pre 1.1.86 Retirees who are in receipt of Ex-gratia

As per the directive contained in the Government of India, Ministry of Finance Department of Economic Affairs (Banking Division) letter F.No.11/2/2012-IR dated 17. 12.2013, the Dearness Relief payable to surviving pre 1.1.1986 retirees of banks for the period August 2016 to January 2017 on Ex-gratia will be as under:

Applicable CPI
Average
Amount of  Ex-gratia per month Rate of Dearness Relief per month Amount of Dearness Relief per month Total Ex-gratia amount including Dearness Relief per month
6261 Pre 1.1.86
Retirees
350 948.05 3318 3668
Surviving
spouses of pre 1.1.86 retirees
175 948.05 1659 1834

Yours faithfully,

K S Chauhan
Senior Vice President

Download IBA Circular No.CIR/HR&IR/D/G2/2016-17/774 dated 1.8.2016

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Dearness Relief for Bank Pensioners from August 2016

Dearness Relief payable to Pensioners for the period August 2016 to January 2017

IBA circular on Dearness Relief for Bank Pensioners.

Indian Banks’ Association

HR & INDUSTRIAL RELATIONS

No.CIR/HR&IR/D/G2/2016-17 /772

August 1, 2016

Designated Officers of all Member Banks which are parties to the Bipartite Settlement on Pension

Dear Sirs,

Dearness Relief payable to Pensioners for the period August 2016 to January 2017

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960= 100) for the quarter ended June, 2016 are as follows:-

Apr 2016 6185.82
May 2016 6277.12
Jun 2016 6322.77

In terms of Regulation 37 of Bank Employees’ Pension Regulations, 1995 Dearness Relief is payable to pensioners at rates specified in Appendix II to the Regulations.

Pending amendments to Pension Regulations, Banks may pay on ad hoc basis, the Dearness Relief payable to pensioners for the period August 2016 to January 2017 as per Annexure.

Yours faithfully,

K S Chauhan

Senior Vice President

Indian Banks’ Association

PART-I
Dearness Relief to pensioners who retired on or after 1st day of January,1986, but before the 1st day of November,199211st July, 1993
BASIC PENSION Dearness relief for the months Slabs
Auaust 2016 to January 2017 1415
Average Index 6261
(i) Upto Rs.1250 948.05 per cent.
(ii) Rs.1251 to Rs.2000 Rs. 11850.62 plus 778.25 percent of basic pension in excess of Rs.1250.00
(iii) Rs.2001 to Rs.2130 Rs.17687.49 plus 466.95 percent of basic pension in excess of Rs.2000.00
(iv) Above Rs.2130 Rs. 18294.52 plus 240.55 percent of basic pension in excess of Rs.2130.00
PART-II
Dearness Relief to pensioners who retired on or after 1st day of November,1992  / 1st July, 1993
BASIC PENSION Dearness relief for the months Slabs
Auaust 2016 to January 2017 1278
Average Index 6261
(i) Upto Rs.2400 948.05 per cent.
(ii) Rs.2401 to Rs.3850 Rs.10735.20 plus 370.62 percent of basic pension in excess of Rs.2400.00
(iii) Rs.3851  to Rs.4100 Rs. 16109.19 plus 217.26 percent of basic pension in excess of Rs.3850.00
(iv) Above Rs.4100 Rs.16652.34 plus 115.02 percent of basic pension in excess of Rs.4100.00
PART-III
Dearness Relief to pensioners who retired on or after 1st day of April, 1998.
BASIC PENSION Dearness relief for the months Slabs
Auaust 2016 to January 2017 1144
Average Index 6261
(i) Upto Rs.3550 274.56 per cent.
(ii) Rs.3551 to Rs.5650 Rs. 9746.88 plus 228.8 percent of basic pension in excess of Rs.3550.00
(iii) Rs.5651 to Rs.6010 Rs. 14551.68 plus 137.28 percent of basic pension in excess of Rs.5650.00
(iv) Above Rs.6010 Rs. 15045.88 plus 68.64 percent of basic pension in excess of Rs.6010.00
PART-IV
Dearness Relief to pensioners who retired on or after 1st day of November, 2002.
Average Index (CPI) for quarter ended June 2016 6261
No. of Slabs 993
Rate of dearness relief on pension for the months August
2016 to January 2017
178.74 % of basic pension
PART-V
Dearness Relief to pensioners who retired on or after 1st day of November, 2007.
Average Index (CPI) for quarter ended June 2016 6261
No. of Slabs 856
Rate of dearness relief on pension for the months August 2016 to January 2017 128.40% of basic pension
PART-VI
Dearness Relief to pensioners who retired on or after 1st day of November, 2012
Average Index (CPI) for quarter ended June 2016 6261
No. of Slabs 455
Rate of dearness relief on pension for the months August
2016 to January 2017
45.50% of basic pension

Download IBA Circular No.CIR/HR&IR/D/G2/2016-17 /772 dated 01.08.2016

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DA for Bank Employees from Aug 2016 – IBA orders

DA for bank employees – Dearness Allowance (DA) for Workmen and Officer Employees in banks for the months of August, September & October 2016

DA for Bank employees for the months from August, September and October 2016 has been announced.

Indian Banks’ Association

HR & Industrial Relations

No.CIR/HR&IR/76/D/2016-17/768

August  1,  2016

All Members of the Association
(Designated Officers)

Dear Sirs,

Dearness Allowance for Workmen and Officer Employees in banks for the months of August, September & October 2016 under X BPS/ Joint Note dated 25.5.2015

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Basel 960 -100) for the quarter ended June 2016 are as follows:-

April 2016 6185.82
May 2016 6277.12
June 2016 6322.77

The average CPI of the above is 6261.90 and accordingly the number of DA slabs are 455 (6261.90-4440 1821.90/4= 455 Slabs) The last quarterly Payment of DA was at 420 Slabs. Hence there is an increase in DA slabs of 35, i.e 455 Slabs for payment of DA for the quarter Aug, Sep & Oct 2016.

n terms of clause 7 of the 10th Bipartite Settlement dated 25.05.2015 and clause 3 of the Joint Note dated 25.05.2015, the rate of Dearness Allowance payable to workmen and officer employees for the months of Aug, Sep & Oct 2016 shall be 45.50% of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

We advise banks to pay the difference between the old and revised salary and allowance to officers on an ad hoc basis, pending amendments to Officers’ Service Regulations.

Yours faithfully,

K S Chauhan
Senior Vice President

Download Circular No.CIR/HR&IR/76/D/2016-17/768 dated 01.08.2016

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NEXT MEETING OF UFBU ON 11.5.2016 – AIBEA

NEXT MEETING OF UFBU ON 11.5.2016 – AIBEA

ALL INDIA BANK EMPLOYEES’ ASSOCIATION
Central Office: “PRABHAT NIVAS” Regn. No.2037
Singapore Plaza, 164, Linghi Chetty Street, Chennai-600001
Phone: 2535 1522, Fax: 4500 2191, 2535 8853 Web: www.aibea.in
e mail ~ chv.aibea@gmail.com & aibeahq@gmail.com

CIRCULAR No.27/157/2016/15

15th April, 2016

TO ALL UNITS AND MEMBERS:

Dear Comrades,
DISCUSSIONS WITH IBA AND UFBU MEETING HELD ON 13-4-2016

We reproduce herein the UFBU Circular No. 55 dt. 15-4-2016 on the details of discussions held with IBA on 13-4-2016 and the UFBU meeting held thereafter.

With greetings,

Yours comradely,
C.H.VENKATACHALAM
GENERAL SECRETARY

1. DISCUSSIONS WITH IBA:
In response to our letter to the IBA seeking discussions on follow-up actions on some of the issues raised by us, IBA had fixed up a meeting with UFBU on 13th April, 2016 and accordingly the meeting was held in IBA’s Office asscheduled. IBA was represented by Mr. M V Tanksale, Chief Executive, Mr. K.Unnikrishnan, Dy. Chief Executive, Mr. Visweshwar, Senior Advisor, Mr. K S
Chauhan, Senior Vice-President – HR & IR and other officials of the HR-IR Department. UFBU was represented by representatives of all the 9 constituents.

a) Difficulties faced by employees/officers in implementation of Medical Insurance Scheme:

We pointed out the following:
i. While the Scheme covers reimbursement of Rs. 3 lacs and Rs. 4 Lacs for clerks/substaff and officers respectively plus additional coverage from Corporate Buffer, some of the managements are maintaining that the coverage is only restricted upto Rs. 3 lacs and R. 4 lacs. The correct position should be suitably clarified to all the Banks and in turn by all Banks to the employees at large.

ii. An important advantage of the Scheme is the Cashless facility available for treatment in hospitals. But instances are coming to our attention that in many centres, many hospitals are not covered by tie-up and hence  employees are asked to pay for the treatment and then seek reimbursement. IBA and Banks should take up with the TPAs to ensure that maximum hospitals are covered by tie-up so that employees are not put to difficulties to avail cashless treatment facility.

iii. The Settlement and the Scheme clearly provide that employees would submit the Bills to the Banks as in the past and the Bank should submit the Bills to the TPA to get the reimbursement. But some of the managements are asking the employees to submit the Bills directly to the TPA. This should be stopped and suitable instructions should be given.

iv. There are instances of death occurring during treatment in hospital and if it happens to be Sunday or holiday, the hospital/TPA do not come to the rescue and the family is facing problems in getting the body of the patient in time. Such things should not be allowed to happen.

v. Instances have also come to our attention where certain treatments like Dialysis, etc. are disallowed by the TPA though covered by the Scheme and the employees are forced to pay the cost to the hospital. Hence our scheme should be properly implemented by the TPAs and employees should not be put into such hardship.

vi. In the case of Bills submitted to the Banks for domiciliary treatment, there are many complaints of undue delay by the TPAs and managements are not taking steps to liaise with them to expedite the claims. Special attention is required in this regard and necessary steps are to be taken.

vii. Though Corporate Buffer facility is available for claims over Rs. 3 lacs/Rs.4 lacs, many Banks are yet to issue guidelines for utilisation/claims under the buffer limit. This defeats the very purpose of the facility. IBA should advice all the Banks to issue proper instructions on utilisation of the corporate buffer amount.

viii. SCHEME FOR RETIREES TO COVER DOMICILIARY TREATMENT:
Though the Settlement and the Scheme provides for reimbursement of domiciliary treatment for the retirees, this has been denied by UIIC in violation of the scheme and IBA should ensure its implementation. Otherwise UFBU will be constrained to agitate on this issue.

In response, IBA informed us as under:  By and large, the Scheme is working well.

  • 37 Banks are covered by the Scheme relating to serving employees
  • 6,50,000 employees/officers are covered by the Scheme.
  • Total premium of Rs. 379 crores has been paid for this year.
  • During the current policy year i.e. from October, 2015, upto March, 2016, total of 1,02,603 claims for Rs. 168 crores have been settled and paid.
  • So far 35 Banks have joined the scheme under retirees’ policy
  • 2.05 retirees are covered by the scheme now
  • Total premium of Rs. 123 crores has been paid
  • Upto March, 2016, 7,069 claims for Rs. 45.50 crores have been paid.

On the problems brought to their attention as mentioned above, IBA informed that they will take up all these issues with the UIIC/TPAs and also with all the Banks to ensure smooth implementation of the Scheme. Regarding coverage of domiciliary treatment under the scheme for the retirees, IBA informed us that they are fully seized of the issue and have taken up the matter with the top officials of UIIC and are awaiting a positive outcome and resolution of the issue.

b) Next Wage Revision for employees/officers: IBA informed that in view of the Government guidelines, they would take up this issue, after the Balance Sheets of the Banks for the year ended 31-3-2016 are finalised.

c) Follow up of pension related issues as covered by Record Note dated 25-5-2015:
i. Revision in rate and quantum of Family Pension: IBA reiterated their standpoint that they are positively inclined to consider this demand by revising the rates and quantum of Family Pension.
IBA, however, pointed out that unless the exact additional outgo is worked out and additional corpus required for the same is ascertained based on actuarial calculations, it would not be possible for them to commit anything at this stage. It was further informed by them that the details have been called for from the Banks for this purpose. We asked IBA to expedite the collection of the details so that the actuarial calculation exercise can be undertaken and expedited to take this issue forward.

ii. Periodical updation of Pension: We took up the demand of periodical updation/revision of pension along with every wage revision settlement. IBA informed that this was a major issue and huge additional corpus fund has to be provided for meeting this demand which is not feasible in the present circumstances when the financial condition of the Banks are not good. We insisted that this issue cannot be left like this and a way has to be found out to resolve the matter amicably. We suggested that pending the exercise of ascertaining the cost, some adhoc increase in existing pension of the retirees can be considered and requested IBA to examine the same. IBA replied that any revision in pension amount would have cost implications and hence cannot react on our suggestion without proper working out.

iii. Uniform DA formula for Pre-Nov. 2002 Retirees: To this demand, IBA informed us that firstly, the issue is subjudice to be discussed as court cases are involved in the mater and secondly, the cost impact is to be worked out and if at all any consideration can be given, it can only be on a prospective basis.

2. UFBU MEEETING:
Thereafter, UFBU meeting was held under the Presidentship of Com K K Nair, Chairman of UFBU.

INCREASING ATTACKS ON PUBLIC SECTOR BANKING:
The meeting took a review of the developments taking place in the banking sector on account of the various policy decisions of the Government like appointment of Banks Board Bureau, appointment of private sector Executives to head PSBs, proposals of consolidation and mergers, reduction in Government’s capital in PSBs, selective capitalisation of Banks, encouragement to private sector banking, allowing Small Banks and Payments to private corporates, privatisatioin of IDBI Bank, increasing bad loans in the Banks and concessions being given to defaulters, huge provisions towards NPAs and showing PSBs in poor light, privatisation of RRBs, etc.

The meeting unanimously felt that these are anti-public sector banking measures to suit their agenda of privatisation of Banks and hence will have to be resisted and fought back. It was decided that agitational programmes are to be undertaken to campaign amongst the people and to convey our opposition to these moves.

ANTI-BANK PRIVATISATION DAY on 1st MAY, 2016:
To begin with, it has been decided that the ensuing May Day on 1st May, 2016 should be observed as Anti-Bank Privatisation Day through posters, meetings, rallies, processions, etc. under the common banner of UFBU at all centres. It was also decided to address a letter to the Finance Minister drawing his attention to our viewpoints on these measures and urging upon him not to proceed with the same.

Further programmes including strike actions will be decided in due course.

CALL FOR NATIONAL GENERAL STRIKE ON 2ND SEPTEMBER, 2016 BY CENTRAL TRADE UNIONS:

In the recent Trade Union Convention held on 30th March, 2016 by the Central Trade Unions, the call has been given to observe National General Strike on 2nd September, 2016 against the continued anti-labour policies of the Central Government and their proposals of anti-worker labour reforms. The meeting took note of this strike call. It was decided to discuss the matter further in the next meeting of the UFBU.

NEXT MEETING OF UFBU ON 11th May, 2016: It has been decided to hold the next meeting of the UFBU at Hyderabad on 11th May, 2016 to chalk out further agitational programmes.

With greetings,

sd/-
(M.V.MURLI)
CONVENOR

Source: www.aibea.in

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DA for Bank Employees – 6 Slabs less from May, 2016

DA for Bank Employees – 6 Slabs less from May, 2016

Dearness Allowance – 6 Slabs less from May, 2016

AIBEA published a circular regarding Dearness Allowance after the announcement of CPI(IW) index for the month of March 2016 made by Labour Bureau.

Dearness Allowance – 6 Slabs less from May, 2016

CPI Month 2001 1960 Consumer Price Index D.A. Slabs
Jan-16 269 6140.17 Average Points 6117.34 New Slabs 420
Feb-16 267 6094.52 Last Average 6144.00 Old Slabs 426
Mar-16 268 6117.34 Decrease 26.66 Decrease 6

D.A. Rates @ 0.10% per slab for 420 Slabs over 4440 points for all cadre/stages: 42.00%
Note: D.A. and Increase shown here includes Basic Pay and Special Allowance

D.A. Rates for Pensioners (%) – No change

Source: www.aibea.in

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AIBEA Meeting with Finance Minister

AIBEA’s Meeting with the Finance Minister on 26.4.2016

ALL INDIA BANK EMPLOYEES’ ASSOCIATION
Central Office: “PRABHAT NIVAS” Regn. No.2037
Singapore Plaza, 164, Linghi Chetty Street, Chennai-600001
Phone: 2535 1522 Fax: 4500 2191, 2535 8853
e mail ~ chv.aibea@gmail.com & aibeahq@gmail.com
Web: www.aibea.in

CIRCULAR LETTER No. 27/191/2016/24

29-4-2016

TO ALL OFFICE BEARERS, STATE FEDERATIONS AND ALL INDIA BANKWISE ORGANISATIONS:

Dear Comrades,
Violation of Bilateral agreement, unilateral changes in service conditions and refusal to concede genuine demands of employees in Associate Banks at the instance of SBI Management.

Units are aware of the problems in the Associate Banks where the managements are imposing unilateral service conditions on the employees in violation of the Bipartite Settlement and even genuine demands like extension of Govt. guidelines on compassionate ground appointment scheme and revision in staff housing loan limits are being deliberately denied with a view to browbeat and black mail the employees to accept their Career progression Scheme notwithstanding the fact that AIBEA/SSBEA have offered to discuss, negotiate the settlement the entire issue through mutual discussions.

That is why we had to observe All India Strike on 8th January, 2016 to focus these issues. It is matter of pride that the entire employees have rejected the deceitful offer of additional monetary benefits in exchange of adverse changes in service conditions.

On 23-3-2016, AIBEA delegation, along with leaders of SSBEA, met the Finance Minister and urged upon him to intervene and resolve the issues. In our General Council, a resolution has been adopted calling upon the managements of SBI and Associate Banks to negotiate and settle the issues. Again, as a follow-up measure, AIBEA met the Finance Minister and Minister of State for Finance on 26-4-2016 and again requested them to intervene in the matter.

We have submitted a letter in person to them seeking expeditious resolution of our issues and demands. If still results are not forthcoming, General Council has decided that further struggles will have to be undertaken.

With greetings,

Yours Comradely,
C.H. VENKATACHALAM
GENERAL SECRETARY

PTO: AIBEA’s letter to Finance Minister

ALL INDIA BANK EMPLOYEES’ ASSOCIATION
Central Office: “PRABHAT NIVAS” Regn. No.2037
Singapore Plaza, 164, Linghi Chetty Street, Chennai-600001
Phone: 2535 1522 Fax: 4500 2191, 2535 8853
e mail ~ chv.aibea@gmail.com & aibeahq@gmail.com
Web: www.aibea.in

26th April, 2016

Shri Arun Jaitley,
Hon’ble Union Minister for Finance,
Government of India,
New Delhi.

Respected Sir,

Issues in Associate Banks of SBI:
We draw your kind attention to the memorandum submitted by us on 23.3.2016 when we met you in a delegation regarding the followin problems faced by our unions and employees in the Associate Banks.
1. Non extension of compassionate ground appointment scheme in the 5 Associate Banks as per the Government guidelines. All other banks have adopted and implemented the Govt. guidelines

2. Improvement/enhancement in the staff housing loan limit in the 5 Associate Banks while in all other banks the limit has been increased and even within the Associate Banks, the officers’ housing loan limit has been improved thus discriminating the employees.

3. Unilateral imposition and implementation of career progression policy/service conditions in the Associate Banks in violation of the existing bipartite agreement while we have clearly expressed our desire to resolve the issues by mutual discussion and bilateral talks.

4. Making Associate Banks independent to enable them to become more viable, vibrant and strong Banks.

Sir, you had given a patient hearing of these issues and assured to advice the concerned authorities to look into these matters for proper reddressal.

We once again seek your kind intervention in these matters so that the problems are resolved amicably.

Thanking you,

Yours faithfully,
C H VENKATACHALAM
GENERAL SECRETARY

Source: www.aibea.in

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Bank Employees DA increased to 39.80% for Nov 2015 to Jan 2016

DA for Bank Employees : IBA issued orders for next quarter from Nov to Dec 2015

Indian Banks’ Association

HR & Industrial Relations

No.CIR/HR&IR/76/D/2015-16/1572

October 31, 2015

All Members of the Association
(Designated Officers)

Dear Sirs,
Dearness Allowance for Workmen and Officer Employees in banks for the months of Novermber, December and January 2016 under X BPS/ Joint Note dated 25.5.2015

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended June 2015 are as follows:-

July, 2015 – 6003.21

August, 2015 – 6026.04

September, 2015 – 6071.69

The average CPI of the above is 6033. Consequently, Dearness Allowance payable to employees is for 398 slabs for the period November, December 2015 and January 2016 i.e. an increase of 34 slabs over the current level.

In terms of clause 7 of the 10th Bipartite Settlement dated 25.05.2015 and clause 3 of the Joint Note dated 25.05.2015, the rate of Dearness Allowance payable to workmen and officer employees for the months of November, December 2015 and January 2016 shall be 39.80% of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

We advise banks to pay the difference between the old and revised salary and allowance to officers on an ad hoc basis, pending amendments to Officers’ Service Regulations.

Yours faithfully,
sd/-
K.S.Chauhan
Senior Vice President

PS : The DA Payable under IXth Bipartite Settlement/Joint Note dated 27.04.2010, is @ [119.85% (6033-2836)=3197/4] i.e 799 slabs @ 0.15% per slab).

Authority : www.iba.org.in

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Implementation of Medical Insurance scheme to Bank Retirees – IBA Circular

Implementation of Medical Insurance scheme to Bank Retirees – IBA Circular

 

Indian Banks’ Association

HR & INDUSTRIAL RELATIONS
No CIR/HR&IR/2015-16/XBPS/J/1413
October 1, 2015

To,
All Member Banks which are parties to the Bipartite Discussions

Dear Sir/ Madam,

 

Implementation of Medical Insurance scheme to Retirees as agreed vide Bipartite Settlement/ Joint Note Dated 25th May, 2015

We refer to our letter No CIR/HR&IR/2015-16/XBPS/961 dated the 29th June, 2015 in terms of which the member Banks parties to the Bipartite Discussions were advised that the medical Insurance Scheme will be extended to the existing retirees also, subject to payment of the agreed Insurance Premium by them. It was also advised to bring to the notice of the existing retirees, the contents of the said scheme and obtain their consent as to whether they are willing to join the Scheme and on receipt of their consent, the details were to be provided to the Lead Insurer i.e. United India Insurance Co. Ltd. appointed by IBA for the purpose.

2. We have been advised by M/s K.M. Dastur Reinsurance Brokers duly authorized by the Lead Insurance Company to collect the employees as well as retirees data from the Banks, that while the employees data has been received by them from the Banks, the retirees data is yet to be provided by the Banks to them. As such, the United India Insurance Co. Ltd. has calculated the premium in respect of the employees of the concerned Banks and has demanded to remit the premium accordingly to them so that Mediclaim Policy in respect of employees may be implemented preferably from 1st October, 2015.

3. In this connection, we advise that a separate Mediclaim Policy in respect of retirees will be issued on similar terms and conditions as is applicable to serving employees, once the data is provided by the Banks to United India Insurance Co. Ltd. through their authorized broker M/s K.M Dastur Reinsurance Brokers and Insurance Premium is remitted to the Insurance Co. The Insurance Premium for retirees is also same as is for serving Employees which is as under :

4. Participating Banks are therefore requested to obtain the consent of the retirees expeditiously and provide the details on prescribed format to M/s K.M Dastur Reinsurance Brokers to enable the Insurance Co. to calculate the Insurance Premium in respect of retirees of the concerned banks accordingly. To make the Mediclaim Insurance Policy operational w.e.f. 1st November, 2015 for retirees, it is suggested to inform the retirees to give their consent for joining the Scheme latest by 25th October, 2015. We have requested to Lead Insurer to allow a grace period of three months to such retirees who could not give their consent by stipulated date as suggested above to join the Scheme after Mediclaim Policy is made operational. In exceptional circumstances, to the satisfaction of the concerned Bank, the request of the retirees may be considered to join the scheme during the currency of the Policy. The Insurance company has agreed for the same.

5. It is pertinent to mention that United India Insurance Co. Ltd conducted workshops in the month of July in Mumbai, Delhi, Chennai and Bengaluru covering representatives from all participating Banks to disseminate the salient features of the Policy, benefits available to the employees/ retirees and to clear the doubts/queries raised by the participants.

6. Please, therefore, make all out efforts to operationalize. the MediclaimPolicy for retirees preferably from 1st November, 2015

Yours faithfully,

sd/-

K.Unnikrishnan

Deputy Chief Executive

Authority: www.iba.org.in

Click to view the circular

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Bank Strike today (Sep 2, 2015) – a Massive Success

Bank Strike today (Sep 2, 2015) – a Massive Success

 

All India Bank Strike called today by All India Bank Employees Association has been a massive success all over the country. In addition to AIBEA, the strike call has been given jointly by AIBOA, BEFI, INEF and INBOC. Unions in LIC, RBI, NABARD, IDBI also joined the strike. All India Co-operative Bank Employees Federation and all the unions in Regional Rural Banks had also given the strike call. All India Bank Deposit Collectors Federation had also given the call to its members to join the strike. Hence the strike was implemented across in all the Banks in Public Sector, Old generation Private Banks, foreign Banks, RRBs, and Co-op. Banks.

 

Banking operations were fully affected and paralysed in many States and normal banking services could not be fully functional due to the strike. Payments and receipts of cash in the counters was affected and even clearing of cheques could not be conducted in many centres. Inter-branch cash remittances, remittances of cash to and from currency chest were totally affected. More than five lacs of bank employees and officers joined the strike today all over the country. In metro centres, treasury operations, bills negotiations and inter-bank transactions were also affected. Reports reaching us from States and major centres indicate that strike has been total.

 

12 point Charter of Demands: The strike was called in support of the 12 point charter of demands of the Central Trade Unions including more jobs for the unemployed youth, control of prices of essential commodities, guaranteed minimum wage of Rs. 15,000, removal of ceiling on Bonus and Gratuity, extending maternity leave benefits to all women workers, strengthening social security funds, etc. and against proposed adverse changes in labour laws, easy rules for retrenchment of workers, investment of PF in stock market, making PF and ESI as optional, curbing trade union justifys and collective bargaining, contracting out and outsourcing permanent jobs, replacing regular jobs with Apprentices, etc.

 

Anti-people economic policies: The strike is to protest against the anti-people economic policies of the BJP/NDA Government. Black money is increasing but no steps are being taken against it. Inflation goes unabated and Government in casual about it. Investment in agriculture and rural sector is declining but Government does not bother about it. All types of concessions are being showered on the corporate and industrial houses. Foreign Direct Investment is being encouraged even core sectors like Defence, Railways and banking and insurance sector. Public Sector is being weakened through more and more disinvestments.

 

Banking sector: The strike in Banks is also against the proposed banking reform measures like privatisation and globalisation of our Indian banks, merger and consolidation of public sector banks, allowing private companies to start private banks risking the savings of the poor people, foisting private sector Executives to head the public sector banks, privatisation of Regional Rural Banks, threat of closure of urban co-operative banks and Primary Agricultural Co-operative Societies (PACs), dumping all Government schemes on banks without providing adequate number of employees and officers thus forcing heavy work load on the staff. The real problem of increasing bad loans is not being effectively handled by the Government but on the other hand, cores of rupees are being written off from profits of banks. Deliberate and willful default of bank loans should be termed as criminal offence and money recovered but no action is being taken on them.

 

As on 31-3-2015 there are 7035 cases of willful defaulters involving bad loans of Rs. 58,792 crores. The bad loans in the Banks as on 31-3-2015 has risen to 2,97,000 crores in addition to another Rs.4,03,004 crores of bad loans of 530 corporate companies shown as rescheduled and restructured loans under CDR scheme. Bad loans struck up in top 30 borrowal accounts of PSBS as on 31-3-2015 is Rs. 1,21,162 crores.

 

Hence to oppose the anti-people economic policies, anti-worker labour reforms and anti-public sector banking reforms, bank unions have gone on strike. We hope that Government will see reason and change their policies. We thank the bank employees all over the country for their massive and enthusiastic support to the strike call.

 

Source: www.aibea.in

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Banks confirm participation in September 2 general strike nationwide

Banks confirm participation in September 2 general strike nationwide

Bank employees and officers associations have confirmed their participation in the nationwide general strike to be held on September 2.

In a press release, CH Venkatachalam, the General Secretary of All India Bank Employees Association, said,

“The Centre is following anti-worker and anti-welfare policies. Serious damage is being particularly caused to workers’ rights. The Centre is trying to appease the capitalists and industrialists at the cost of the workers and the rest of the society.

“Reforms are being brought to the labour laws in favour of the management. The rights of the workers and labour unions are being taken away. Excessive overseas investments are being allowed into the railways, defence, and finance sectors. New jobs are not being created as much as they should be. The Centre is also not taking any steps to regulate the prices of essential commodities.

“The central workers union has called for a nationwide strike on September 2 to condemn this attitude of the Centre. Bank officers and employees’ unions will participate in this strike.”

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DA for Bank Employees – IBA Circular issued on 3.8.2015 for Aug, Sep & Oct 2015

DA for Bank Employees – IBA Circular issued on 3.8.2015 for Aug, Sep & Oct 2015

Indian Banks’ Association

HR & Industrial Relations

No.CIR/HR&IR/76/D/2015-16/1159

August 3, 2015

All Members of the Association
(Designated Officers)

 

Dear Sirs,
Dearness Allowance for Workmen and Officer Employees in banks for the months of August, September & October 2015 under X BPS/ Joint Note dated 25.5.2015

 

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended June 2015 are as follows:-

 

April, 2015  – 5843.43

May, 2015   – 5889.08

June, 2015  – 5957.56

 

The average CPI of the above is 5896. Consequently, Dearness Allowance payable to employees is for 364 slabs for the period August, September & October 2015 i.e. an increase of 27 slabs over the current level.

 

In terms of clause 7 of the 10th Bipartite Settlement dated 25.05.2015 and clause 3 of the Joint Note dated 25.05.2015 the rate of Dearness Allowance payable to workmen and officer employees for the months of August, September & October 2015 shall be 36.40% of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

 

We advise banks to pay the difference between the old and revised salary and allowance to officers on an ad hoc basis, pending amendments to Officers’ Service Regulations.

Yours faithfully,
sd/-
Senior Vice President

 

PS : The DA Payable under IXth Bipartite Settlement/Joint Note dated 27.04.2010, is @ 114.75% (5896-2836=3060/4 i.e 765 slab @ 0.15% per slab).

 

Authority : www.iba.org.in

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