Posts Tagged ‘Bank Employees News’

DA for Bank Employees and Pensioners from Aug 2018

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DA for Bank Employees and Pensioners from August, September and October 2018 under 10th BPS

Dearness Allowance for Workmen and Officer Employees in Banks for the month of August, September and October 2018 under 10th 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 2018 are as follows…

April 2018 – 6573.86
May 2018 – 6596.69
June 2018 – 6642.34

The average CPI of the above is 6604.29 and accordingly the number of DA slabs is 541 (6604.29 – 4440 = 2164.29 / 4 = 541 Slabs).

In the last quarter, payment of DA was at 529 slabs. Hence, there is an increase in DA Slabs of 12, i.e. 541 slabs for payment of DA for the quarter August, September and October 2018.

In therms 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 to workmen and officer employees for the months of August, September and October 2018 shall be 54.10% of ‘Pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

Source: http://www.iba.org.in

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Be the first to comment - What do you think?  Posted by admin - August 6, 2018 at 9:26 pm

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IBA : Medical Insurance Scheme – constitution of committee

IBA : Medical Insurance Scheme – constitution of committee

INDIAN BANKs’ ASSOCIATION

HR & INDUSTRIAL RELATIONS

No.HR&IR/SKK/Medical Ins/2018-19/5041

May 8, 2018

Shri Sanjev K.Bandish,Convenor,UFBU
United Forum of Bank Unions,
C/o State Bank of India,LHO,Plot no.1, Sector -17A
Chandigarh – 1600017

Dear Sir,
Medical Insurance Scheme – constitution of committee

Please refer to our earlier communication in the subject matter and discussions held on 5th May,2018 with the Negotiating Committee. As desired , we place below the four suggested options:

i. Banks may go back to the earlier Hospitalization Expenses reimbursement Scheme as was in vogue till 9th Bi-partite settlement for employees and dependent family members.

ii. Directly deal with united India Insurance Co.Ltd or any other Insurance Company by calling quotes, without any interference from Broker.

iii. Advise banks to decide on the course of Medical Insurance Scheme on their own. Each Bank can negotiate with Insurance Companies to provide a Scheme tailor made to the requirement of the same.

iv. Continue with the process of appointing two or more brokers to help in assisting the IBA member banks to get a suitable Scheme prepared after getting the best quote as the nuances and fine print of the Insurance Policy and its features & interpretation will not be known to most employees & IBA in the absence of a broker.

2.In this context, as suggested by you, we would like to hold a meeting at our stadium House Office on 11.5.2018 at 11.00am to have fruitful deliberation for further course of action regarding Medical Insurance Scheme. You are therefore requested to kindly make it convenient to depute four representatives (two from officers Associations & two from Workmen Unions) to attend the meeting & share the views of the unions & Associations so that the matter may be concluded well in time before renewal.

3.A line of confirmation will be highly appreciated in this regard.

Yours faithfully,
S/d,
S K Kakkar,
senior Advisor (HR&IR)

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Bank DA Calculation from May 2018

Bank DA Calculation from May 2018

The All India Consumer Price Index for the month of March 2018 has been released by Labour Bureau yesterday. The index remained unchanged at the point of 287.

M/Y Jan-2018 Feb-2018 Mar-2018
CPI 288 287 287
Conversion 6573.86 6551.03 6551.03
Average - - 6558.64
Minus 4440 - - 2118.64
Divided by 4 - - 530.00
DA % - - 53.00%

 Dearness Allowance for workmen and officer employees in banks

Payable for the Year Payable for the months Average CPI No. of slabs % of pay
2018 May, June, July 2018 6558 530 53.0
2018 February, March April 2018 6551 527 52.7
2017 November, December 2017, January 2018 6505 516 51.6
2017 August September October 2017 6353 478 47.8
2017 May June July 2017 6261 456 45.6
2017 February March April 2017 6315 469 46.9
2016-17 November, December 2016, January 2017 6353 478 47.8
2016 August, September, October 2016 6261 455 45.5
2016 May, June, July 2016 6117 420 42.0
2016 February, March, April 2016 6147 426 42.6

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Anomaly in computation of Pension – IBA Circular

Anomaly in computation of Pension – IBA Circular

Anomaly in computation of Pension Civil Appeal No. 5525 of 2012, Filed in the Hon’ble Supreme Court of India by Bank of Baroda & Ors with other Civil Appeals.

HR & INDUSTRIAL RELATIONS

No.HR&IR/2018-19/G2/4829

April 6, 2018

Chief Executives of Member Banks which
Are parties to the 7th Bipartite Settlement

Dear Sir/Madam,

CORRIGENDUM

Anomaly in computation of Pension Civil Appeal No. 5525 of 2012, Filed in the Hon’ble Supreme Court of India by Bank of Baroda & Ors with other Civil Appeals.

Please refer to our circular No. HR&IR/2018-19/G2/4786 dated 3rd April 2018 on the captioned subject.

2. There is a typographical error in the date mentioned in para (I) of the above circular. Kindly read as under-

” On 29-10-1993, a Bi-partite Settlement was signed at Industry level between India Banks’ Association (representing member Banks) and Workmen Unions (representing Workmen) under the provisions of Industrial Dispute Act, 1947 for introduction of Pension as a second retiral benefit in lieu of “Banks contribution to Provident fund”. On similar lines a Joint Note dated 29-10-1993 between Indian Banks’ Association (representing member Banks) and Officers Association (representing Officers) was signed”.

Inconvenience caused is regretted.

Yours faithfully,

B Raj Kumar

Deputy Chief Executive

View Circular

Source: http://www.iba.org.in/

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Anomaly in Computation of Pension – SC Judgement

Anomaly in Computation of Pension – SC Judgement

Anomaly in computation of Pension Civil Appeal No. 5525 of 2012, Filed in the Hon`ble Supreme Court of India by Bank of Baroda & Ors with other Civil Appeals

HR & INDUSTRIAL RELATIONS

No.HR&IR/2018-19/G2/4786

April 3, 2018

Chief Executives of Member Banks which
are parties to the 7th Bipartite Settlement

Dear Sir,

Anomaly in computation of Pension Civil Appeal No. 5525 of 2012, Filed in the Hon’ble Supreme Court of India by Bank of Baroda & Ors with other Civil Appeals.

On 9-10-1993, a Bi-partite Settlement was signed at Industry level between Indian Banks’ Association (representing member Banks) and Workmen Unions (representing Workmen) under the provisions of Industrial Dispute Act, 1947 for introduction of Pension as a second retiral benefit in lieu of “Banks contribution to Provident fund.” On similar lines a Joint Note dated 29-10-1993 between Indian Banks’ Association (representing member Banks) and Officers Associations (representing Officers) was signed.

2. The respective member Banks in exercise of their power under Section 19 of Banking Companies (Acquisition & transfer of undertakings) Act, 1970/1980 pursuant to above referred Bi-partite Settlement/Joint Note, framed and notified in the Gazette of India “Bank Employees Pension Regulations, 1995.”

3. Another Joint Note/Bi-partite Settlement was signed between respective parties as mentioned herein above on 14-12-1999 and 27-3-2000 respectively relating to Wage revision. As per the provisions of said Joint Note / Bi-partite Settlement, 1684 points of Consumer Price Index (CPI) were merged with existing basic pay of Officers/employees and revised basic pay was worked out accordingly. However, as per agreed terms & conditions, pay for the purpose of pension was worked out after merging 1616 points of CPI as against 1684 points. These provisions were made effective w.e.f. 1-4-1998. As such, pay for the purpose of pension was less than the actual Pay the Employee/Officer concerned was getting on or after 1-4-1998. This anomaly was removed vide Joint Note/Bi-partite Settlement signed on 2-6-2005. However, monetary benefits were given w.e.f. 1-5-2005.

4. Due to this anomaly, the employees/Officers who retired after 1-4-1998, including those who retired under Special Voluntary Retirement Scheme, 2000 filed various Writ Petitions before different Hon’ble High Courts, praying that they be held entitled to Payment of Pension on the basis of actual average pay drawn by them during last 10 months as per the provisions of Bank Employees Pensions Regulations, 1995.

5. When the matter came up before Hon’ble High Court of Karnataka and Madras, the Hon’ble Courts decided the matter against Banks and ultimately concerned Banks approached Hon’ble Supreme Court by filing Civil Appeals viz., CA No 5525/2012, 6254/2012, 5611/2012, 3026-3253/2013, 3257-3262/2013, 11205-11340/2014, 11342-11435/2014, 9533-9646/2014, 8557/2014, 4711-4800/2014 and 1880/2018, 1881-1888/2018, 1890/2018, 1892-1912/2018, 1918/2018, 1919-2087 and 2088-2092/2018.

6. The Hon’ble Supreme Court vide its order dated 13/2/2018 (copy enclosed) have dismissed these appeals filed by the Banks and inter-alia has held that:-

“17…the provisions contained in Regulation 35 also make an incumbent entitled for opting the pension on the basis of average emoluments. The average emoluments have to be calculated on the basis of the preceding ten months. Adding Explanation (c) to Regulation 2(s), as done, could have created no fictional basis in view of clear and unambiguous provisions in other provisions of the Regulations. Besides, the definition of the average emoluments in Regulation 2(d) itself makes it clear that it is average pay drawn “during the last ten months” of his service by an employee. It cannot mean pay drawn by the employee even before several years. Mentionably there is no amendment made in the aforesaid provision of Regulation 2(d) and the expression during the preceding last ten months before date of retirement is clearly culled out in Regulation 38(1) and 38(2). Thus, in our considered opinion, the view taken by the then Chief Justice Vikramajit Sen as he then was, at Karnataka High Court and by the High Court of Madras are appropriate and the view taken by the Delhi High Court cannot be said to be sustainable for the various other reasons too mentioned hereinafter.

29. Thus, in our opinion, the Regulations which were in force till 2003, would apply with full force and as a matter of fact, the amendments made in it by addition of Explanation (c) in Regulation 2(s) did not have the effect of amending the Regulations relating to pension, as contained in Regulation 38 read with Regulations 2(d) and 35 of the Regulations of 1995. Even otherwise, if it had the effect of amending the pay and perks ‘average emoluments’, as specified in Regulation 2(d), it could not have operated retrospectively and taken away accrued rights. Otherwise also, it would have been arbitrary exercise of power. Besides, there was no binding statutory force of the so called Joint Note of the Officers’ Association, as admittedly, to Officers’ Association even the provisions of Industrial Disputes Act were not applicable and Joint note had no statutory support, and it was not open to forgo the benefits available under the Regulations to those officers who have retired from 1.4.1998 till December 1999 and thereafter, and to deprive them of the benefits of the Regulations. Thus, by the Joint Note that has been relied upon, no estoppel said to have been created. There is no estoppel as against the enforcement of statutory provisions. The Joint Note had no force of law and could not have been against the spirit of the statutory Regulations and the basic service conditions, as envisaged under the Regulations framed under the Act of 1970. They could not have been tinkered with in an arbitrary manner, as has been laid down by this Court in Central Inland Water Transport Corporation Limited & Anr. vs. Brojo Nath Ganguly & Anr., (1986) 3 SCC 156 & Delhi Transport Corporation vs D.T.C. Mazdoor Congress, (1991) Supp.1 SCC 600.

33. The only purpose of the addition of Explanation (c) to Regulation 2(s), was to take away the actual computation of the pension on the basis of the salary, which was drawn in the preceding ten months. Thus, we have to hesitation to strike it down being arbitrary and repugnant to other provisions/Regulations namely 2(d), 38(1)(2) and 35. The Explanation (c) to Regulation 2(s) is hereby struck down, as it could not have been enacted retrospectively to take away accrued rights. Even otherwise also it is held to be arbitrary and irrational. More so, in view of the fact that only by way of a temporary measure, that discrimination was created and the Explanation was deleted with effect from 1.5.2005.”

34. Thus, we set aside the judgment rendered by the High Court of Delhi and affirm that of High Courts of Karnataka at Bangalore and the High Court of Madras. The appeals filed by the Banks are dismissed and the appeal filed by the Association is allowed. Resultantly, let the amount which was due and payable be paid with 9% interest, be calculated and paid within four months from today.

35. All pending applications stand disposed of.”

7. The matter was put up to the Managing Committee of IBA in its meeting held on 28.3.2018. The committee resolved that the judgement of the Hon’ble Supreme Court may be forwarded to all member banks which are party to above mentioned Joint Note / Bipartite Settlement for their necessary action. As such, a copy of the judgement of Hon’ble Supreme Court is enclosed.

8. As directed by Managing Committee we have taken a Legal Opinion to know the impact of the judgement on various Banks which is given below:

(a) All Nationalized Banks who have Pension Regulations, 1995 will have to give effect to the judgement and pay the differential arrears in the amount of Pension which was due and payable with 9% interest within 4 months from the date of judgement i.e. 13.02.2018.

(b) Banks incorporated under special statutes will also have to give effect to the judgement if they have implemented provisions of the above mentioned Joint Note / 7th Bipartite Settlement.

(c) Private Banks which are not amenable to the Writ jurisdiction of the Hon’ble High Courts/Supreme Court, though can take the plea that captioned judgement is not applicable to them, should also give effect and comply with the captioned judgement if they have implemented provisions of the above mentioned Joint Note/7th Bipartite Settlement. The view expressed in this point Is based on the possibility that if the employees of the Private Banks approach the Civil Court on the basis of said Hon’ble Supreme Court judgement, they would procure a favourable verdict.

Yours faithfully,
B Raj Kumar
Deputy Chief Executive

Source: http://www.iba.org.in/

SC JUDGEMNT

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2nd Option of Pension for Compulsorily Retired Officers/Employees

2nd Option of Pension for Compulsorily Retired Officers/Employees

Indian Banks’ Association
HR & INDUSTRIAL RELATIONS

No.HR&IR&HR/CIR/G2/BRK/4684

March 16, 2018

Chief Executives of Member Banks which
are parties to the Bipartite Settlement

Dear Sir/Madam,

2nd Option of Pension for Compulsorily Retired Officers/Employees

The United Forum of Bank Unions (UFBU) representing workmen and officers in Banks were requesting to allow another option to those Who were in the service Of the Banks prior to 29th September, 1995 in case of Nationalized Banks / 26th March, 1996 in case of Associate Banks of State Bank of India and continued in service on or after that date and did not opt for pension when offered as per the scheme.

2. After holding various rounds of discussions in the matter, consensus was arrived at between the parties and a Bipartite Settlement/Joint Note was signed on 27.4.2010 to extend another option of pension to those Workmen / Officers who:-

(a) were in the service of the Bank prior to 29th September, 1995 in case of the Nationalised Banks/26th March, 1996 in case of Associate Banks of State Bank of India and continue in service of the Bank on the date of signing above mentioned Bipartite Settlement/Joint Note;

(b) exercise an option in writing within 60 days from the date of offer, to become a member of the Pension Fund and

(c) authorise the Trust of the Provident Fund of the Bank to transfer the entire contribution of the Bank along with interest accrued thereon to the credit of the Pension Fund. In addition, the individual employee/officer has to pay @ 2.8 times of the revised pay for the month of November 2007.

(d) were in service of the Bank prior to 29th September 1995 in case of Nationalised Banks /26th March 1996 in case of Associate Banks of State Bank of India and retired after date and prior to the date of above mentioned Bipartite Settlement/Joint Note i.e. 27.04.2010;

(e) exercise an option in writing within 60 days from the date or offer to become a member of the pension fund and,

(f) refund within 30 days after expiry of the said period Of 60 days, the entire amount Of the Bank’s contribution to the Provident Fund and interest accrued thereon received by the employee/officer on retirement together with the payment over and above the said amount at 56% of the amount.

3. Families of above mentioned employees officers were also made eligible for said option subject to refund of Bank’s contribution to the Provident Fund received by them as mentioned in point (f) above.

4. 2nd option of Pension was, however, not made available to the employees/officers who were compulsorily retired by the Bank. As such, some of these aggrieved employees/officers approached different Hon’ble High Courts seeking relief in the matter. Various Hon’ble High Courts viz Andhra, Madras, Madhya Pradesh, Punjab & Haryana and Patna have ruled in favour of the employees\officers who were compulsorily retired. However Hon’ble Delhi High Court has taken a contrary view on the technical ground.

5. The matter was placed before the Standing Committee on HR of IBA in its meeting held on 07.12.2017. Aner deliberations, the committee recommended to place the matter before the Managing Committee of IBA. Accordingly. the matter was put up to the Managing Committee of IBA in its meeting held on 29.12.2017. The committee advised to seek legal opinion on the judgements as to whether 2nd option of pension may be allowed to all ex-officers/ex-employees who were compulsorily retired from Bank’s service between 29.09.1995 to 27.04.2010 or only selectively to those who approached the Bank for the same.

6. The legal opinion from Shri S.D.Kelkar, Senior Partner, Kelkar & Associates whose services have been engaged in IBA as retainer, Was obtained in the matter, His opinion is as under:

“Having considered the decisions rendered by the Hon’ble High Courts of Andhra Pradesh, Madras, Madhya Pradesh, Punjab & Haryana, Patna which have ruled in favour of the employees/officers who were compulsorily retired way way of punishment/ on the ground that they are covered by the Joint Note as well as decision of the Hon’ble Delhi High Court which has taken a contrary view on the technical ground and the fact that SLPs preferred against the Judgments of the High Courts which had ruled in favour of the employees were dismissed though such dismissal cannot be considered as law laid down by the SC., we are of the considered view the banks are bound to give 2nd option to all the employees/ officers who were compulsorily retired and who fall within the ambit of the Joint Note to exercise option for the following reasons:-

The Joint Note does not distinguish between voluntary retirement, superannuation, premature retirement, compulsory retirement.

Even the employees/ officers who are compulsorily retired by way of punishment are eligible for pension under the pension regulations.

Banks being “State” within the ambit of Article 12 of the Constitution of India should act in a fair and reasonable manner and should not restrict it only those who demand it. Such stand, if any, adopted by the banks may invite strictures from Courts’.

7. The views of the Legal Retainer of IBA were placed before the Managing Committee of IBA in its meeting held on 25.01.2018. The committee after deliberation concurred with the legal opinion placed before it and advised to inform all PSBs accordingly. The exact modus operandi of the extension of 2nd option to compulsorily retired employees/officers was to be worked out in discussions with GMs (HR) of PSBs to decide on a uniform methodology which will stand scrutiny of court.

8. To work out the methodology in this regard, a meeting of the GMs (HR) was convened on 28.02.2018 at IBA. After detailed discussions, a consensus has been arrived at to extend the option of pension to compulsorily retired employees/officers on same terms & conditions as are mentioned in Bipartite Settlement/Joint Note dated 27.04.2010, As per the agreed terms & conditions of said Bipartite Settlement/Joint Note, Pension/Family Pension shall be payable with effect from 27th November, 2009, provided that employees/officers who are compulsorily retired after that date shall get pension from the respective dates of such retirement. Court cases, if any, in the matter may be withdrawn forthwith.

9. Please do the needful accordingly.

Yours faithfully,
sd/-
B Raj Kumar
Deputy Chief Executive

Source: http://www.iba.org.in/

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Wage Negotiation: Negotiating Committee Meeting with Unions / Associations

Wage Negotiation: Negotiating Committee Meeting with Unions / Associations

“Meeting of UFBU will be held on 23 Feb to discuss present Bkg. scenario & to formulate next course of action for wage settlement

A Meeting of UFBU will be held on 23rd February 2018 at “Tarak Illam”, Central Bank Union Building, Ameerjan Street, Off Choolaimedu High Road, Nungambakkam, Chennai to discuss the present banking scenario and to formulate next course of action in the matter of 11th Wage Negotiations.”

Indian Banks’ Association
HR & INDUSTRIAL RELATIONS

No. HR&IR/UFBU/XIBPS/4539

February 17, 2018

Shri Sanjeev K. Bandlish
Convenor
United Forum of Bank Unions (UFBU) & General Secretary
National Confederation of Bank Employees
C/o State Bank of India, LHO
Plot No.1, Sector-17A
Chandigarh- 160 017

Dear Sir,
Wage Negotiation: Negotiating Committee Meeting with Unions / Associations

We draw your kind attention to our letter no HR&IR/UFBU/XIBPS/4476 dated 7th February 2018 and advise that due to some unforeseen circumstances, it has been decided to postpone Negotiating Committee meeting with Unions/Associations scheduled to be held on 21st February 2018. Next date of said meeting will be advised to you in due course.

2. We regard for the inconvenience caused in this regard.

Yours faithfully,
K S Chauhan
Advisor (HR&IR)

Source: http://aipnbsf.org

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IBA Invites UFBU for Negotiations on Wage Revision fixed on 21.2.2018

IBA Invites UFBU for Negotiations on Wage Revision fixed on 21.2.2018

Date:09.02.2018

Central Office:
R-8/38 Raj Nagar
Ghaziabad (U.P.)

Camp Office:
Punjab National Bank
Preet Vihar, Delhi-92
Ph. /Fax No: 0120-4136800 Mobile (G.S.): 9818562336
E-mail: aipnbsf@yahoo.co.in Website: www.aipnbsf.org

Circular No. 2/2018

TO ALL MEMBERS

 

Dear Comrades.

• UFBU MEETING HELD ON 6TH FEBRUARY 2018
• UFBU DECIDES ALL INDIA STRIKE ON 15TH MARCH 2018
• IBA INVITES UFBU FOR NEGOTIATIONS ON 21ST FEBRUARY 2018

We reproduce hereunder the Circular No. UFBU/2018/01 Dated the 9th February 2018 issued by Com. Sanjeev K. Bandlish, Convenor, United Forum of Bank Unions (UFBU), for information of all affiliates and members.

With revolutionary greetings,

Yours Comradely,

(R. K. SHARMA)
GENERAL SECRETARY

 In the background of virtual silence on the part of IBA to hold negotiations with UFBU on our current demands for revision of wages and services conditions, a meeting of UFBU was held at Mumbai on the 6th February 2018.

 

Delay in wage revision: The meeting was concerned to note that for the past three months, IBA has not held any meeting with us on our demands for wage revision despite assuring us in the meeting held in October, 2017 that shortly another meeting would be held when the IBA would make their offer. So far, there has been no response. Department of Financial Services of Government of India has also been communicating to all the Banks and IBA to conclude the settlement without delay. Even this has been ignored. Regrettably, when we took up the matter with the Government to intervene to expedite the settlement, there was no response. Hence, it was decided after due deliberations that agitational programmes including strike actions have to be resorted to.

 

Strike call: Accordingly, it was decided to give the call for All India Strike on the 15th March 2018 preceded by other protest programmes like deputation to Chairperson IBA, demonstrations, mass rallies, Badge wearing, Dharna, etc.

 

IBA invites UFBU for Talks: After our taking the decision on the 6th February 2018, we have been informed by the IBA vide their letter dated the 7th February 2018 that the next round of negotiations on our demands for wage revision has been fixed for the 21st February 2018.

 

In view of this, we shall take part in the negotiations on 21.02.2018 to impress upon the IBA to expedite the settlement. Looking to their response in the meeting on 21st February 2018, UFBU will meet immediately thereafter and take the decision about our agitational programme and strike call.

 

Continued attacks on Banking Sector – Mass signature Campaign : Further to our successful protest strike on 22.08.2017 and the massive Morcha to Parliament on 15.09.2017, it was decided to undertake mass signature campaign in the Petition to Speaker of Lok Sabha to seek the support of the people to our demands. Already the draft Mass Petition has been circulated to units. The meeting observed that the units are in the process of collecting signatures from the general public and the response is encouraging.

 

It was decided to complete the campaign by the end of March 2018 so that the Mass Petitions can be handed over to the Speaker of Lok Sabha in the first week of April, 2018 before the conclusion of the current Budget Session.

 

Source: http://aipnbsf.org

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Dearness Relief payable to Pensioners for the period February 2018 to July 2018

Dearness Relief to Bank Pensioners from February 2018 to July 2018 – IBA Orders

Dearness Relief payable to Pensioners for the period February 2018 to July 2018

Indian Banks’ Association

HR & Industrial Relations

No.CIR/HR&IR/D/G2/2017-18/4433

February 1, 2018

(Designated Officers of all Members Banks which are parties to the Bipartite Settlements on Pension

 

Dear Sirs,
Dearness Relief payable to Pensioners for the period February 2018 to July 2018

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers  (Base 1960=100) for the quarter ended December 2017 are as follows:-

 

October 2017 – 6551.03
November 2017 – 6573.86
December 2017 – 6528.21

 

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 February 2018 to July 2018 as per Annexure.

Yours faithfully,
sd/-

S K Kakkar
Senior Advisor (HR&IR)

Authority: http://www.iba.org.in/

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Dearness Allowance for Workmen and Officer Employees in banks for the months of February, March & April 2018 under X BPS/Joint Note 25.5.2015

DA to Bank Employees & Officers from Feb to Apr 2018 under 19th BPS Joint Note

Dearness Allowance for Workmen and Officer Employees in banks for the months of  February, March & April 2018 under X BPS/Joint Note 25.5.2015

Indian Banks’ Association

HR & Industrial Relations
No.CIR/HR&1R/76/D/2017-18/4431

February 1, 2018

All Members of the Association
(Designated Officers)

Dear Sirs,

Dearness Allowance for Workmen and Officer Employees in banks for the months of February, March & April 2018 under X BPS/Joint Note 25.5.2015

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended December 2017 are as follows:-

October 2017 – 6551.03
November 2017 – 6573.86
December 2017 – 6528.21

The average CPI of the above is 6551 and accordingly the number of DA slabs are 527(6551-4440=2111/4= 527 Slabs). The last quarterly Payment of DA was at 516 Slabs. Hence there is an increase in DA slabs of 11, i.e 527 Slabs for payment of DA for the quarter February, March & April 2018.

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 February, March & April 2018 shall be 52.70% of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

Yours faithfully,
sd/-

S K Kakkar

Senior Advisor (HR&IR)

Source: http://www.iba.org.in/

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AIBEA & AIBOA : Joint Massive Signature Campaign

AIBEA & AIBOA : Joint Massive Signature Campaign

SAVE BANKING INDUSTRY – JOINT SIGNATURE CAMPAIGN – TARGET ONE CRORE

ALL INDIA BANK OFFICERS’ ASSOCIATION

Circular No.1/VII/2018

January 8, 2018

To:
ALL UNITS / STATE COMMITTEES

Comrades,
SAVE BANKING INDUSTRY
JOINT SIGNATURE CAMPAIGN
TARGET – ONE CRORE

The present Government at the centre with the focussed approach is targeting the “main nerve centre” of economic activity of our Nation [ie] our Industry, to carry out their plan of actions. Some of them are – broadly;

1. INFUSION OF CAPITAL TO BANKS: The Government conceded our demand but they are attached the conditions of reforms [ie] consolidation through mergers etc.

2. RECOVER THE BAD LOANS THROUGH STRINGENT MEASURES: In order to silence the strong voice of the people at large, an amendment to Banking Regulation Act – “Insolvency and Bankruptcy code” was brought in. 12 top accounts amounting more than Rs.2,52,000 crores is pending before National Company Law Tribunal[NCLT] for adjudication.

Through the NCLT total money will not come back to the Banks but accommodation of the big defaulters would certainly take place.

3. ACCOMMODATION OF THE BAD LOAND DEFAULTERS AND PENALISE THE COMMON MAN / DEPOSITORS: The earning to a financial Institution is mainly through lending operations. When the bad loans are increasing, earnings are declining.

To cover the future loss, the exercise of provisioning is taking place. Small depositors are to be paid increased rate of interest, to encourage the savings. But the present position is not favourable to small investors. In the name of non-maintaining the minimum balance in the accounts, depositors are penalised by levying charges and the income earned through this method is more than the real banking transactions.

4. BRANCH EXPANSION IS THE NEED OF HOUR NOT BRANCH CLOSURE: We have proved that the favourite issue of “financial inclusion” has been brilliantly implemented by Bankmen across the country thereby nearly 21 crores of accounts have been added with a total deposit of over Rs.70000 crores. We need branch expansion to cater the requirements of the common people of this country. At this point of time, Government is seriously pursuing the issue of mergers of Banks. 5 Associate Banks mergers with SBI had already led to closure of 1000 branches . Further 200 to 300 branches, SBI is planning to close down.

5. WITHDRAW FRDI BILL: Untimely introduction of the bill by the present Government has kick started the flight of Bank deposits to mutual fund. Leading Bank- SBI- has released an advertisement in social media instigating the small investors to invest in mutual funds instead of savings, through Bank accounts. The “bail in” clause has created sufficient fear and loss of confidence in Public Sector Banks.

Comrades, our Joint signature campaign has to be actively pursued and hit the target of getting the common people involved in the noble tasks of “Saving the Banking Industry” thereby “saving the Nation”.

Plunge into vigorous campaign as the time at our disposal is too short and also precious.

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

Source: http://www.aiboa.org/

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Bank Wage Revision – Discussions with IBA on 14.11.2017

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.

Be the first to comment - What do you think?  Posted by admin - November 1, 2017 at 10:05 pm

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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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