Posts Tagged ‘IBA’

IBA : Medical Insurance Scheme – constitution of committee

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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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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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BOTTLENECKS IN THE COMMENCEMENT OF SALARY REVISION NEGOTIATIONS IN BANKING INDUSTRY

11th Bipartite News – Bottlenecks in the commencement of Salary Revision Negotiations in Banking Industry

All India UCO Bank Officers Federation

Ref.: Com/EC/ 97 /2015-2018

Dated :22.05.2017

All Office Bearers, E.C.Members & Units

BOTTLENECKS IN THE COMMENCEMENT OF SALARY REVISION NEGOTIATIONS IN BANKING INDUSTRY

We have today sent a communication to Hon’ble Finance Minister of India on the captioned subject. A copy of the same is enclosed for information.

All our members/affiliates are requested to await further developments in this regard.

With greetings,
SD/-
(D.T.Franco)
GENERAL SECRETARY

Text of the Letter

Letter No: AIBOC/2017/19

Dated: 20/05/2017

Shri. Arun Jaitley,
Hon’ble Minister for Finance,
Government of India,
NEW DELHI.

Dear Sir,

BOTTLENECKS IN THE COMMENCEMENT OF SALARY REVISION NEGOTIATIONS IN BANKING INDUSTRY

We are sorry to bring to your kind notice that even though the Government of India has been insisting for an early salary revision settlement at the industry level between the Indian Banks Association and the United forum of Bank Unions, there has been an unnecessary delay due to certain avoidable difficulties created by the Management of few banks in the Banking industry. It is historical that the salary revision in the Banking industry takes place once in 5 years through bilateral negotiations between the associations/unions and the Indian Banks Association covering over 10 lac workforce in the entire banking industry.

During the last five decades we have concluded 10 bipartite settlements and the 11th one is now expected to take off. The first round of meeting was held between the IBA and the constituents of the United Forum of Bank unions on 2nd May, 2017 but without any concrete progress. One of the major hurdles that we are now encountering is in respect of the ‘mandate’ to be given by the member banks to the Indian Banks’ Association. A few of the banks have given a conditional mandate creating a chaotic and confusing situation in the negotiations, by insisting that they are allowing mandate for discussions only upto officers of scale III and that the remaining scales will have to be left to the discretion of the Bank.

2.The Banking Industry is overwhelmingly under the control of the Government of India due to the historical decisions taken by the Government of India during 1969 and 1980. The Nationalization of Banks was in the best interests of the economy and to take Banking facilities to the nook and corner of the country. We have seen the great contribution made by the banks during the last several decades due to this consolidation and ownership by the Central Government. But there was one area which was causing serious industrial relations crisis in the Banks at frequent intervals. Different banks had different service conditions and compensation system creating serious problems in the area of HR management.

It was at this stage that the Government of India appointed Pillai Committee for the purpose of standardization of the scales and grades and also to bring parity amongst the Public Sector banks. After a thorough study of the service conditions that existed in those days, the Pillai Committee submitted a comprehensive report aiming at standardization and uniformity in the service conditions of the Officers in the Banking Industry. Thereafter, the Government of India introduced the recommendations of the Pillai Committee in the Banks for ensuring standardization and parity amongst the Public Sector Banks.

Thus, a well-developed pattern was established over the next rounds of bipartite system in carrying forward the attempts made by Pillai Committee for the purpose of standardization of the salary scales and compensation system in the Banking industry. The Pillai Committee had recommended 4 grades and 7 scales which has now become a regular feature in all the Public Sector banks including the State Bank of India.

3.The Officers’ organizations have been negotiating with the Indian Banks Association in respect of all these 7 scales over the last several bipartites. Thus, the industrial relations have been cordial and harmonious as far as the salary structure and compensation systems were concerned as they were being discussed and settled through bilateral negotiations at the industry level. The present decision of some of the Banks, in particular the bigger Banks, seem to create a similar disparity which was prevailing earlier to distort the broad parity that is prevailing in the banking industry by attempting to retain the right of decision in regard to the scale IV and above in the banking industry. This will defeat the very purpose of the Pillai Committee’s attempt in ensuring parity and the subsequent objectives of the bilateral settlement.

4.We have conveyed our sentiments to IBA in our informal discussions and have requested them to ask all the Banks to give an unconditional mandate for negotiations on all scales rather than restricting it up to scale III alone. We therefore request your kind intervention in the matter so that the issue could be resolved without any further escalation on this issue which may affect the smooth conduct of negotiations.

5.Please treat the matter as urgent.

Thanking you in anticipation.

Yours sincerely,
SD/-
(D. T. Franco)
GENERAL SECRETARY

Source: www.aiucbof.com

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FinMin asks banks to hire retired staff to deal with cash rush

FinMin asks banks to hire retired staff to deal with cash rush

New Delhi: The finance ministry today asked banks to consider engaging retired employees to deal with the unprecedented rush for exchange of invalid currency notes and ease pressure on existing staff.

In a letter written to Indian Banks’ Association (IBA), the financial services department of the finance ministry said it should look into issues, particularly employment of retired bank staff and payment of remuneration and instruct the banks suitably at the earliest.

“In the event of extra business hours implemented to cope up with the situation, banks may require to make deployment plan of staff on shift basis so that the same person does not work for continuous long hours,” it said.

Praising commendable work done by the banking fraternity, it said banks may plan and support the officers and employees working in late hours, particularly the safety and security of women employees, with arrangements for food and conveyance.

Additional infrastructure like more terminals, separate arrangement for cash, exchange and dispensation may be implemented and services of retired persons may also be taken so that the pressure of existing staff may ease and a larger customer base is satisfied, it said.

Many employee unions have made representation to the finance ministry and IBA presented the multiple problems being faced by employees and officers on account of implementation of the demonetisation scheme.

“We are happy that the government has addressed some of the issues raised by us,” All India Bank Employees’ Association General Secretary C H Venkatachalam said in a statement.

PTI

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10th Bank Wage Settlement Stagnation Increment – Clarification

10th Bank Wage Settlement Stagnation Increment – Clarification

IBA  carries out amendment regarding stagnation increment in Clause 40 of Bank Wage Settlement dated 25.05.2015

IBA clarifies on Stagnation Increment under 10th Bank Wage Settlement for Bank Employees

Indian Bank’s Association
HR & Industrial Relations

 

No. CIR/HR&IR/XBPS/KU/919

June 16, 2015

Designation Officers of Banks which are parties to the 10th Bipartite Settlement/Workmen Union dated 25.5.2016

Dear Sir,

Stagnation Increment

Under the recently signed 10th Bipartite Settlement, it has been agreed that employees shall be eligible for 8th stagnation increment on 1st May, 2015 or two years after receiving stagnation increment, whichever is later.

It has been further agreed that the period of 3 years shall be reduced to 2 years for sanction of 6th stagnation increment.  Accordingly it has bee provided in the Settlement that an employee who has completed two years or more after receiving the fifth stagnation increment as on 1st November, 2012 shall receive the sixth stagnation increment as on 1st November, 2012.

In this connection, we advise that the financial benefit on account of this reduction of eligibility from 3 to 2 years for sanction of the 6th stagnation increment shall accrue on or after 1.5.2015 since the additional cost of such reduction in periodicity from 3 to 2 years has been adjusted at 50% of the actual cost and hence to be effective from 1.5.2015 (30 months out of 60 months of the period of the Settlement).

However under clause 40 of the settlement dated 25.5.2015 in ‘Implementation’ it has inadvertently mentioned as under:-


Stagnation Increment – 8th     1st May, 2015

In view of the adjustment of cost as 50% of the total cost towards improvements in stagnation increment/s this needs to be corrected and read as under:

3     Stagnation Increment improvements (5th to 6th & 7th to 8th Stagnation increment)     1st May, 2015

Member banks may kindly take a note of the above.

Yours faithfully,
K. Unnikrishnan
Dy. Chief Executive

Download IBA Circular No. No. CIR/HR&IR/XBPS/KU/919 dated 16.06.2015

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Talks with IBA continues – Next meeting on 22.4.2015 – AIBEA Circular

UFBU MEET AND SUB COMMITTEE MEETINGS WITH IBA

Discussed Points: Hospitalisation Scheme, 100% D.A.Neutralisation for retirees, 2% of loading on basic pay and DA and Converting of DA series.

“IBA should give the new pay structure immediately and pay scales so drawn should be discussed within reasonable time”

Circular No.8/VI/2015

April 17, 2015

To:
ALL UNITS / STATE COMMITTEES

Dear Comrades,

UFBU MEET AND
SUB COMMITTEE MEETINGS WITH IBA,

Preceding the IBA meeting on 16th April, 2015, UFBU met at Maharastra State Bank Employees Federation Office at Fort Mumbai on 15.04.2015 at 18.00 hrs. Our Organisation was represented by Com.Alok.Khare, Vice Chairman, Com.S.S.Shishodia, President besides the undersigned. All the constituents have participated in the meet.

1. The following issues were discussed for taking up the same with IBA.

  • Improvements in the proposed Insurance backed Hospitalisation Scheme.
  • Four issues concerning the Retirees- [a] 100% D.A.Neutralisation for retirees prior to 1.11.2002; [b].Family Pension; [c]. Updation of Pension; [d]. Coverage of Hospitalisation to Retirees.
  • Constraints in construction of Pay scales with the condition of 2% loading
  • Feasibility of converting the DA series from the base year of 1960 to 2001.

2. The IBA subcommittee on Hospitalisation Scheme was headed by Shri.Arun Tiwari, Chairman Union Bank of India, Shri.Shailesh Verma CGM, SBI, Shri.B.S.Shekhawat, GM (HRD) CBI, Shri.M.V.Tanksale, CEO IBA, Shri K.Unnikrishnan Dy.CEO IBA besides HR officials of IBA. The representatives of all the eleven unions have participated.

3. There was a detailed discussion on the Hospitalisation based on the documents provided by the IBA to all the unions. Our organisation has forwarded the various suggestions on the scheme to IBA, earlier to the commencement of the discussions, The said communication addressed to the IBA is sent herewith. At the end, there are very many loose ends to be knitted to present a comprehensive and an improved beneficial scheme to the Bankmen at large.

4. In the exclusive sub committee meeting of Officers, IBA team was headed by Shri. Ashwini Kumar Chairman Dena Bank, Smt.Indira Padmini, GM, IOB, Shri.B.S.Shekhwat, GM CBI besides the top officials and also of HR team of IBA,

5. The talks continued on issues listed in the Charter of demands of officers. The discussions are progressing but inconclusive. The Officers’ organisations have requested for one more sitting to take forward the discussions preferably next week.

6. We shall keep the units informed about the progress made to convert the MOU into 7th Joint Note.

Yours Comradely,

S.NAGARAJAN
GENERAL SECRETARY.

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

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AIBOA reports on Meeting of IBA and UFBU 23rd Feb and Salient features of 10th Bipartite Wage Settlement for Bank Employees and Officers

AIBOA reports on Meeting of IBA and UFBU 23rd Feb and Salient features of 10th Bipartite Wage Settlement for Bank Employees and Officers

ALL INDIA BANK OFFICERS’ ASSOCIATION

Circular No.6/VI/2015

February 23, 2015

            Camp: MUMBAI

To:

ALL UNITS / STATE COMMITTEES

Dear Comrades,

WAGE REVISION – 18TH ROUND.

    TOTAL QUANTUM CLINCHED.

    A NEW SERVICE CONDITION INTRODUCED.

    4 DAYS STRIKE CALLED OFF.

In the background of C.L.C.(Central) Delhi, counseling IBA and also representatives of the unions  to get back to the negotiation on 20.02.2015, in which Com.Alok Khare, Vice Chairmen, Com.S.S.Shishodia, President and Com.Sanjay Khan  Joint Secretary AIBOA participated and at the CLC’s advice IBA invited the unions for discussions on 23.02.2015.

 

To-day, a meeting was held at IBA office at 11.30 am.  Representatives of all the eleven unions participated in the discussions.

 

2.         IBA team was led by Shri.T.M.Bhasin, Chairman IBA, Smt.Arundhati Bhattacharya Chairman SBI, Smt.V.R.Iyer, Chairperson and Managing Director BOI, Shri.Rajeev Rishi,CMD,CBI,Shri.Ashwini Kumar,CMD DB, Shri.Arun Tiwari CMD UBI, Shri.Rakesh Sethi CMD All Bank, Shri.Animesh Chauhan MD&CEO OBC,Shri.Ashwini Mehra DMD SBI Shri.Shyam Srinivasan CEO Federal Bank, Shri.M.V.Tanksale CEO IBA, Shri.K.Unnikrishnan Dy CEO,IBA, Shri.K.S.Chauhan besides officials of HR department of IBA.

 

3.         While initiating the dialogue Shri.M.V.Tanksale CEO IBA expressed the progress made in the last 18 rounds and also the meetings held with the subgroups with workmen and officers during this period. Shri.Rajeev Rishi Chairman Negotiating Committee IBA, picked up the thread from the last discussion held on 3.02.2015 and reiterated that unions should come forward with the revised demand. Com.M.V.Murali, Convenor UFBU presented in a pointed way the chronological progress of the conduct of the negotiations and also the ‘U’ turn of IBA on 03.02.2015 vis a vis the assurance made on 19.01.2015 precipitating the crisis.

 

4.         Shri.T.M.Bhasin, Chairman IBA quoting the details of the earlier bipartite benefits, ultimately indicated the paying capacity of the individual banks is the deciding factor, indicated failure at Industry level to force a situation of individual bankwise settlement. He also appealed to appreciate the present situation in Q3 performance of various banks and realize the need to fold up the negotiation with the offer of further 0.5% increase from 13% made on 03.02.2015 by Shri,Rajeev Rishi, Chairman Negotiating Team IBA.

 

5.         Smt.A.Bhattacharya Chairman SBI in her pointed  presentation dealt the present position of Public Sector Banks vis a vis Private Sector Banks, present capital infusion announcement of Rs 6990 crores by Government of India and also to realize the need to finalise the agreement keeping in mind the various serious developments having global compulsions and also stipulations. To get the priority reallocation of PSB employees at par with Central government employees for the purpose of admission of the wards in Kendriya Vidyalayas by her efforts was also shared in the meeting.  Smt.V.R.Iyer, too supported the view points expressed by Chairman SBI and explained the need to function as a team to keep PSBs in tact and not to allow the Private sector banks to sneak in to capture the business from us..

 

6.         After protracted negotiations, ultimately the understandings have been clinched which are as follows;

a.  Date of Effect      1.11.2012.

b.  Total Increase of 15% in Payslip components- amounting of Rs 4725 crores.

c.  Construction of new Basic Pay by merging 60.15% of D.A impact where of not to exceed 2% of BP plus DA amounting Rs 597 cr.

d.  2nd and 4th Saturdays will be holidays and other Saturdays will be full working Days.

 

7.         Thus the exercise to construct new Basic Pay effective from 1.11.2012 has been initiated by sealing the agreement, with the first step to clinch a new working condition in the era of Information and Communication Technology explosion, quite nearer to our most important demand of 5 day working.

 

8.         AIBOA place on record the role played by Com.D.Raja CPI MP leading AIBEA –AIBOA delegation to meet FM on 19/02/2015 and making sincere efforts to break the deadlock in the Banking Industry avoiding paralysis of the nerve centre of the economy in the last week of this month., due to the proposed 4 days strike which now stands called off consequent to signing of MOU as above. Detailed Pay structures may now be worked out with IBA in subsequent meetings besides discussions other left out issues including of those pertaining to retirees.

 

9.         Comrades, while rejoicing this success of wage increase, let us not be complacent in our efforts to protect our Public Sector character of our Industry and also preserve the jobs and jobs security secured by the founding fathers of our movement.

 

CONGRATS !!!  YOU ALL HAVE MADE IT TO HAPPEN.

Yours comradely,

S.NAGARAJAN.

GENERAL SECRETARY

Source: AIBOA

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Second and fourth Saturdays to be bank holidays, Remaining Saturdays will be full working days

Second and fourth Saturdays will henceforth be holidays for banks. The remaining Saturdays in a month will be full working days.

 

This was one of the agreements arrived at the meeting of the Indian Banks’ Association with associations of bank employees and staff in Mumbai on Monday.

 

The agreement, primarily settling the long pending negotiations over the wage revision, led to the United Forum of Banking Unions (UFBU) deferring its four day strike plan later this month.

 

“It is a balancing act,” UFBU (Andhra Pradesh and Telangana) Convenor VVSR Sarma told The Hindu about the agreement on the additional holidays. The influential body of the bank staffers was insisting that all Saturdays should be holidays.

By limiting it to two Saturdays and making other Saturdays full working day, the banks have ensured that the impact on the customers due to the additional holidays is less.

 

On the key wage revision component, Mr.Sarma said 15 per cent increase is what the IBA has agreed. The negotiations had hit a stalemate after the banks struck to 13 per cent, while the UFBU demanded 19 per cent. According to Mr.Sarma, the cost for the banks due to the 15 per cent hike that has been agreed works out to Rs.4,725 crore.

The agreement on the wage revision would be implemented with effect from November 1, 2012, he added.

Read at: The Hindu

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Detailed Report on Negotiations with IBA – BEFI

Detailed Report on Negotiations with IBA – 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 : http://www.befi.in/
(Ph):033- 2225-4414/2236-5108 (M) 94331 44271 Fax: 033-2236-5109/2242-069

Circular No: 01/2015

08th January 2015

To All Affiliates/Office Bearers/CC/GC Members

Dear Comrades,

NEGOTIATIONS WITH IBA

At the very outset, we wish all our members, their families, well-wishers and all acquaintances a VERY HAPPY AND PROSPEROUS NEW YEAR 2015.

In view of the Strike Notice by UFBU, the Chief Labour Commissioner (Central) convened a Conciliation on 05th January 2015.

In the conciliation, we emphasized that the proposed strike actions have been thrust on us by a totally indifferent and negative attitude of IBA in the matter of wage negotiations, despite flexible approach adopted by UFBU; we also took serious exception to IBA’s communication to the member Banks to re-visit the mandate. IBA, on their part, assured that they had no intention to complicate matters and expressed eagerness to resume negotiations on 06th instant.

Accordingly, another round of negotiations took place on 6th in Mumbai when, after prolonged hard-bargaining, IBA improved its offer from 11% to 12.5% of pay-slip components. While making it absolutely clear that this was not at all acceptable, UFBU demonstrated its flexibility by further revising its demand to 19.5% increase. IBA, while indicating its willingness to continue the negotiations on 07th too, requested for withdrawal of Strike programmes.

In view of some improvement in the talks, UFBU decided to defer the proposed Strike of 07th January 2015.During the negotiations on 07th, UFBU once again insisted on IBA for further improving its offer, to which IBA expressed that they want some more time for discussion amongst themselves. To our demand that negotiations be held at regular intervals for arriving at a settlement without further delay, IBA responded positively and indicated its intention to conclude the process by the end of February 2015. It was decided that Sub-Committees would be formed for expeditious resolution on some of the contentious issues, like reimbursement of 100% of Hospitalisation Expenses, regulated working-hours for officers, 5-day week, etc., raised by UFBU. IBA also agreed to discuss the Pension related issues/demands of UFBU.

Comrades, the united might of bankmen throughout the country has restored the negotiation process; but nothing should be taken for granted. We may only assure that the UFBU would leave no stone unturned to clinch a reasonable and fair deal for all the employees and officers as expeditiously as possible. However, given the past record of the IBA as also of the Government, we must be vigilant and remain organizationally prepared for any eventuality and to plunge into action, even at shortest possible notice.

Further developments would be communicated to you all in due course.

With greetings,

Comradely yours,

(PRADIP BISWAS)
GENERAL SECRETARY

Source: www.befi.in

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UFBU indicated flexibility on its demand of 25% provided IBA revise its offer substantially and also settle other issues…

On 27 Sep. to find amicable solution UFBU indicated flexibility on its demand of 25% provided IBA revise its offer substantially

 

On 27th September 2014, in order to find amicable solution UFBU indicated flexibility on its demand of 25% provided IBA revise its offer substantially and also settle other issues. IBA told they would hold meeting in the next week and respond.

 

On Government approval for revision of Staff Housing Loan Scheme, IBA instructed the banks to revise the same by their Boards

 

Department of Financial Services, Ministry of Finance, Government of India vide their letter no. F.No.4/5/2/2003-IR dated August 11, 2014 advised Public Sector Banks to revise the Staff Housing Loan Scheme. Accordingly, IBA vide their letter no. CIR/HR&IR/2014-15/624-A/482 dated August 12, 2014 has issued instructions to all Public Sector Banks to formulate the Staff Housing Loan Policy with the approval of their respective Boards keeping the Housing Loan Scheme to Staff outside the purview of Industry level Bipartite Settlement.

For letter issued by IBA to the Banks Click http://aipnbsf.org/files/Letter%20from%20IBA%20to%20Banks%20dated%2012.08.2014.pdf

 

Deptt of Financial Services, MOF, GOI advised PSBs to frame policy to minimize the hardship of female employees during transfers
Department of Financial Services, Ministry of Finance, Government of India vide their letter no. F.No.4/9/1/2014-IR dated August 8, 2014 advised Public Sector Banks including IDBI and SBI associates to frame policy on the subject with the approval of their Board to minimize the hardship of female employees during transfers, keeping in view the following:-

i) -To accommodate as far as possible placement/transfer of married female employee, on her request, at a place where her husband is stationed or as near as possible to that place or vice versa; and

ii) -To accommodate as far as possible placement/transfer of unmarried female employee, on her request, at a place where her parents, are stationed or as near as possible to that place.

 

For more details Click http://aipnbsf.org/files/Transfer%20of%20Female%20Employees.pdf

 

Compassionate Appointment Scheme in PSBs on the lines of Central Govt cleared by the Govt. Ex-Gratia Scheme will be discontinued

 

Government of India vide their D.O.F. No. 18/2/2013-IR dated 7 August 2014 cleared Compassionate Appointment Scheme in Public Sector Banks on the lines of Central Government. Ex-Gratia Scheme in lieu of Compassionate Appointment will be discontinued. Scheme is effective from 05.08.2014. Necessary instructions in this regard have also been issued by IBA vide their Circular No.CIR/HR&IR/2014-15/532/476 dated 11.8.2014

 

To know about the Scheme Click http://aipnbsf.org/files/Compassionate%20Appointment%20Scheme.pdf

 

DA payable to employees for the Quarter Aug. to Oct. 2014 shall be 683 slabs i.e. an increase of 33 slabs over the current level

 

In terms of clause 7 of the 9th Bipartite Settlement dated 27.04.2010 and clause 3 of the Joint Note dated 27.04.2010, the rate of Dearness Allowance payable to workmen and officer employees for the quarter August 2014 to October 2014 shall be 102.45% of ‘Pay’ against 97.50% of ‘Pay’ applicable for the previous quarter.

 

On 13th June IBA improved their offer from 10% to 11% which UFBU rejected & told 25% on pay slip components is their expectation

 

During negotiations on 13th June 2014, IBA improved their offer from earlier 10% to 11% which UFBU rejected. Since UFBU refused to accept the IBA’s offer of 11% increase, IBA wanted to know the expectation of the UFBU for which it was informed that our minimum expectation is 25% increase in the Pay Slip components cost. IBA expressed their total inability to accept the same as it is beyond the paying capacity of the Banks.

For more details Click http://aipnbsf.org/files/Microsoft%20Word%20-%20Circular%2013_2014_.pdf

 

Government issued guidelines for Pay Fixation of Ex-servicemen Re-employed in Public Sector Banks on or after 01.01.2006

 

Government issued guidelines for Pay Fixation of Ex-servicemen Re-employed in Public Sector Banks on or after 01.01.2006.

For detailed guidelines Click http://aipnbsf.org/files/Annexure.pdf

 

Employees who were Dismissed / Removed but subsequently reinstated are entitled for one more option of pension

 

The IBA vide its letter HR & Industrial Relations No.CIR/HR&IR/G2/2013-14/8618 dated 06.01.2014 communicated that the Ministry of Finance, Government of India vide its letter F.No.4/8/22/2001-IR dated 19.02.2002 advised banks to take an appropriate decision with the approval of Bank’s Board only in those cases where the officer/employee could not exercise option because he/she stood either dismissed or compulsorily retired as on 29.09.1995 but later on got reinstated either due to decision of the court or appellate authority. In case the incumbent has got full wages for the period of absence due to dismissal etc., such period will be counted as qualifying service for pension. In case the incumbent has not got the benefit of full wages, the period of absence will not be considered as qualifying service for pension. AII other requests received by the Bank for different reasons should not be accepted under any circumstances.

 

Ex-Gratia amt. to Pre 1986 Retirees/ surviving spouses revised to Rs.350+Dearness Relief and Rs.175+Dearness Relief respectively

 

The IBA vide its letter HR & Industrial Relations No. CIR/HR&IR/G3/2013-14/8615 dated 06.01.2014 communicated that the Ministry of Finance, Government of India has enhanced the Ex-gratia amount being paid to (1) Surviving Pre 01.01.1986 retirees and (2) Surviving spouses of pre 01.01.1986 retirees based on the recommendations of IBA as below:

 

Surviving Pre 1.1.1986 retirees Surviving spouses of Pre 1.1.1986 retirees
Existing Rs.300/- plus applicable Dearness Relief thereon Rs.1000/- fixed without applicable Dearness Relief thereon
Revised Rs.350/- plus applicable Dearness Relief thereon Rs.175/- plus applicable Dearness Relief thereon

 

Family of Armed Force Re-employed in Bank/PSU/Civil Dept after retirement from Military is entitled to draw Dual Family Pension

 

Family of Armed Forces who got Re-employed in Banks/PSUs/Civil Deptt./Autonomous Bodies/Local Funds of Central/State Govt. after getting retired from Military Service and were in receipt of Military Pension till death, shall also be allowed to draw Dual Family Pension (from Military as well as from the deptt. where re-employed). The Benefits shall be granted from 24.09.2012 only. However, this provision will also be allowed in past cases.

 

(Government of India MOD No. 01(05)/20100-D (pen/pol) dated 17.01.2013)

 

Source: http://aipnbsf.org/view-news

Be the first to comment - What do you think?  Posted by admin - September 18, 2014 at 2:36 am

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Details of discussion between IBA and UFBU on 03.03.2014

Details of discussion between IBA and UFBU on 03.03.2014

The circular detailing the bipartite negotiation held on 03.03.2014 is reproduced below for the bank employees. The circular of National Union of Bank employees has been mailed to us by Mr Sankaran Srinivasan.

Circular No.2/2014

Date: 03.03.2014

10TH BIPARTITE DISCUSSIONS

MEETING OF IBA WITH ELEVEN (11) NEGOTIATING UNIONS ON 03/03/2014
IBA’s ADAMANT ATTITTUDE CONTINUES
NO IMPROVEMENTS IN TODAY’S  TALKS

Dear Comrades,
IBA’s Negotiating Committee headed by Shri.T.M.Bhasin met the Eleven (11) negotiating unions on 03-03-2014 at IBA office in Mumbai.  From the NUBE, the undersigned participated.

In the wake of the of the Union Cabinet recently  raising  dearness allowance to 100% from 90%, DA/DR at the rate of 100 per cent of the basic with effect from January 1, 2014, benefiting 50 lac Government  employees and 30 lac pensioners which has combined impact on exchequer of  Rs 11,074.80 crore every year and further clearance  for merger of 50% DA with basic pay by approving it among the terms of reference of the 7th Pay Commission, Bank Employees were rightly and justifiably  expecting similar overtures  from  the Government , especially announcement of adequate improvements in the present offer in the 10th bipartite ongoing  negotiations.

Belying the expectations of over 10 lac bank employees IBA said they will reply after meeting the Finance Ministry on 5th March 2014 to our core issue of adequate improvements and justifiable hike in wage load. The Chairman stated that there was unanimous decision amongst CMD’s and Committee members of IBA that Banks are not in a position to even give 10% wage rise in pay slip components.  To this the undersigned sought clarification with regard to “volte-face” in IBA’s stand as confirmed through reliable sources that the IBA offered further 0.5%  increase over above 10%  in payslips  during the conciliations with the Unions before the CLC.

We further categorically stated that never in the annals of the bipartite negotiations with the Undersigned being the signatory to 5 consecutive Bipartite settlements so far, has not experienced this sort of attitude from IBA. To put in nutshell, IBA has set the clock backwards which in essence is retrograde. IBA replied that under the circumstances that when all Banks are struggling hard to keep their respective balance sheet upright and  is constrained that it cannot offer anything over and above of the present offer of 10% increase in payslip components.

Unions also raised other issues like 5 day’s banking , ( which was rejected by Government and IBA  in the earlier meetings ) regulated working hours for officers  , improvements in pension related issues  including switch over from NPS to old pension scheme housing and hospitalization, etc.  IBA once again informed that these matters will be discussed in their core committee and thereafter hold negotiations within 10 days.  However, the issue of companionate appointments IBA indicated positive view of the Government.

NUBE has made it clear that the inordinate delay in finding mutually agreeable increase in wage hike   has caused simmering discontent and dissatisfaction   among 10 lac bank employees.  Any further delay will transgress their limits of endurance and will have deleterious effect in their motivation levels and compel them to direct actions and consequent industrial unrest and urged the IBA to consider adequate increase in the offer in a time frame and at the earliest.

Comrades, should the stalemate continue, once again we remind you that the future at hand may soon loom red before us and we must brace ourselves to cope up with the trails and problems of 10th bipartite negotiations demanding justifiable increase in wage with our assurance of our ever growing strength and unity. We should do as union of good will. We should do with bold heart and good conscience. Get organized and be   prepared for continuous and arduous struggles ahead.
With Revolutionary Greetings,

Yours Comradely,
L.BALASUBRAMANIAN
GENERAL SECRETARY

Courtesy : www.paycommissionupdate.blogspot.in

Be the first to comment - What do you think?  Posted by admin - March 5, 2014 at 2:35 am

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State-wise educational loan outstanding of Public Sector Banks

State-wise educational loan outstanding of Public Sector Banks

The Government receives suggestions and representations highlighting the requirements of students in availing education loans, under the Model Educational Loan Scheme of Indian Banks’ Association (IBA). These are forwarded to Banks for corrective action.

Keeping in view the needs of the students and suggestions received from the stakeholders the Scheme is modified by Indian Banks Association (IBA) from time to time. The last such revision was made in September, 2012.

The outstanding education loans by Public Sector Banks has increased from Rs.35,855 crore in 19.11 lakh accounts as on last reporting Friday of March, 2010 to Rs.52,982 crore in 25.09 lakh accounts as on 31.12.2012. State-wise details, including for Kerala, is Annexed.

State-wise educational loan outstanding of Public Sector Banks

( Amount in Rs crore ) ( No. of A/Cs in actual)

As on the last reporting Friday of March

2010
2011
2012
As on 31.12.2012**
State/Union Territories
No.of Accounts
Balance O/S
No.of Accounts
Balance O/S
No.of Accounts
Balance O/S
No.of Accounts
Balance O/S
NORTH EASTERN REGION 15502 375.1 17875 431.48 20071 510.36 25810 634.7
Assam 11166 267.6 12941 303.82 14489 363.13 15868 398.41
Meghalaya 930 22.22 1257 29.51 1445 34.5 1735 44.65
Mizoram 439 16.37 585 21.22 664 23.92 753 27.66
Arunachal Pradesh 463 10.03 372 8.29 476 10.54 539 12.41
Nagaland 239 6.38 336 8.54 361 9.57 3139 62.9
Manipur 1259 31.86 1164 35.28 1057 36.38 1160 35.13
Tripura 1006 20.64 1220 24.82 1579 32.33 2616 53.54
EASTERN REGION 188325 3841.58 239414 5064.19 259993 5922.57 333929 8150.42
Bihar 43395 939.44 62597 1380.69 78733 1799.2 88851 2283.63
Jharkhand 31620 687.61 38088 927.45 41552 1086.17 47946 1273.92
West Bengal 60456 1195.03 72617 1373.54 71378 1512.76 69558 1627.94
Orissa 52158 1002.88 65289 1363.94 67008 1474.88 69530 1695.2
Sikkim 346 9.25 338 8.53 382 16.44 6353 115.69
Andaman& Nicobar 350 7.37 485 10.05 940 33.12 51691 1154.04
CENTRAL REGION 213087 4127.73 240483 4863.77 252846 5445.27 266631 6255.29
Uttar Pradesh 109450 2287.8 126071 2790.72 136448 3095.02 143486 3572.67
Uttarakhand 19725 396.69 22795 502.06 24536 560.06 25933 633.41
Madhya Pradesh 72378 1195.17 76968 1289.16 76773 1477.34 81478 1711.02
Chattisgarh 11534 248.07 14649 281.83 15089 312.86 15734 338.19
NORTHERN REGION 159588 3962.4 174427 4239.92 182914 4526.94 188457 4894.98
Delhi 36187 1155.04 36445 1096.2 36362 1104.9 33661 1079.19
Punjab 30388 774.18 32700 831.35 32578 898.04 33169 941.7
Haryana 30181 693.54 33815 769.41 36546 834.5 38976 970.23
Chandigarh 5895 178.02 5905 182.81 5977 194.54 5477 181.87
Jammu & Kashmir 3523 91.32 3672 93.26 3774 93 4160 105.89
Himachal Pradesh 10254 194.6 12282 248.81 13827 279.86 14535 311.34
Rajasthan 43160 875.71 49608 1018.09 53850 1122.1 58479 1304.76
WESTERN REGION 169524 4146.68 186269 4325.97 198923 5087.41 216641 5325.32
Gujarat 40520 1166.44 43780 1108.43 44221 1200.43 44661 1207.99
Maharashtra 125063 2882.58 138197 3122.21 150829 3789.26 167335 3995.13
Daman &Diu 440 13.57 245 4.11 97 2.89 624 17.12
Goa 3362 80.57 3481 84.31 3588 89.29 3810 99.07
Dadra & Nagar Haveli 139 3.52 566 6.9 188 5.54 211 6.01
SOUTHERN REGION 1165397 19401.18 1353076 22416.5 1458356 25234.93 1477479 27721.54
Andhra Pradesh 215832 4761.77 218054 5008.1 213281 4988.98 154765 4022.32
Karnataka 156179 2814.7 167291 3103.71 167517 3402.17 179571 3633.15
Lakshadweep 14 0.16 15 0.23 24 0.36 230 3.7
Tamilnadu 555223 7111.79 689094 9234.2 786634 11265.55 831651 13043.35
Kerala 228395 4576.67 267703 4903.62 278992 5376.3 296992 6743.6
Pondicherry 9754 136.09 10919 166.64 11908 201.57 14270 275.42
TOTAL 1911423 35854.67 2211544 41341.84 2373103 46727.48 2508947 52982.25

Source: RBI. **
Source: PSBs (Data is Provisional)

The above detailed information was submitted by the Minister of State for Finance Shri. Namo Narain Meena in the Lok Sabha on 8th March, 2013.

Be the first to comment - What do you think?  Posted by admin - March 19, 2013 at 3:10 pm

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IBA Circular : Pension Option for VRS Retirees (OSR)

IBA Circular : Pension Option for VRS Retirees (OSR)

Pension Option for VRS Retirees (OSR) 
Managing Committee of IBA has extend the benefit of exercising another option to join the Pension Scheme to those officers who had taken Voluntary Retirement from the Bank’s service on or after 29.6.1995 in case of Nationalised Banks / 26.3.1996 in case of Associate Banks of State Bank of India in terms of rules framed by each Bank’s Board…
We have reproduced the content of the circular and given below for your information…
Indian Banks’ Association

No.CIR/HR&IR/2012-13/G2/6213
November 9, 2012
Chief Executives of Member Banks which are parties to the Joint Note dated 27.4.2010 on Pension Option
Dear Sirs,
Joint Note dated 27.4.2010 with Officers’ Organisations for extending another option to join the Pension Scheme to those who did not opt for pension earlier

 

We would like to draw your attention to our Circular no.CIR/HR&IR/G2/665/90/2010-11/999 dated 10.8.2010 forwarding copies of the Settlement / Joint Note on extending another option for pension to the non-optees who were in the service of the bank prior to 29th September 1995 in case of Nationalised Banks and 26th March 1996 in case of Associate Banks of State Bank of India and continued to be in service on or after the said date and did not opt for pension earlier.
2. In terms of aforesaid Joint Note, another option for joining the existing Pension Scheme was extended under the following clauses to those officers who-
Clause-2(a): Were in the service of the bank prior to 29th September 1995 in case of Nationalized Banks / 26th March 1996 in case of Associate Banks of State Bank of India and continue in the service of the bank on the date of this Joint Note;
Clause-3(a): Were in service of the bank prior to 29th September 1995 in case of Nationalized Banks / 26th March 1996 in case of Associate Banks of State Bank of India and retired after that date and prior to the date of this Joint Note;
Clause-4: The family of those officers who were in the service of the bank prior to 29th September 1995 in case of Nationalized Banks / 26th March 1996 in case of Associate Banks of State Bank of India retired after that date and had died will be eligible for family pension.
Clause-5: The family of those officers who were in the service of the bank prior to 29th September 1995 in case of Nationalized Banks / 26th March 1996 in case of Associate Banks of State Bank of India, but have died while in service of the bank after that date will be eligible for family pension.
Clause-7: Officers who ceased to be in service on or after 29th September 1995 in case of Nationalized Banks / 26th March 1996 in case of Associate Banks of State Bank of India on account of voluntary retirement under special scheme after rendering service for a minimum period of 15 years, shall be eligible to exercise an option to join the Pension Scheme subject to the terms and conditions mentioned for retiring officers opting for joining the Scheme.
3. The Joint Note dated 27.4.2010 for extending another option for pension to the non-optees indicates the categories of employees eligible for another option. In accordance with the provisions contained in the Joint Note dated 27.4.2010. Banks had extended the benefit of exercising another option to join the Pension Scheme to the eligible category of employees within the prescribed time schedule.
However, the Joint Note did not specifically include a provision for offering another option to join the pension scheme to those officers who took voluntary retirement. Consequently, a number of representations were made by such category of officers to banks / IBA / Government and many of them moved to court of law. Besides, representations have also been made by UFBU to resolve the issue.
4. The above matter has been engaging the attention of Government as well as IBA for quite some time. Accordingly, the Managing Committee of IBA at its meeting held on 30.10.2012 had decided that those officers who took Voluntary Retirement within the meaning and provision of Regulation 19(1) of Bank Officers’ Service Regulations, 1979 may be extended the benefit of exercising another option to join the existing Pension Scheme strictly in accordance with the terms and conditions laid down in the Joint Note dated 27.4.2010.
5. We are, therefore, to advise that the banks may, as decided by the Managing Committee of IBA extend the benefit of exercising another option to join the Pension Scheme to those officers who had taken Voluntary Retirement from the Bank’s service on or after 29.6.1995 in case of Nationalised Banks / 26.3.1996 in case of Associate Banks of State Bank of India in terms of rules framed by each Bank’s Board pursuant to the proviso to Regulation 19(1) of Bank Officers’ Service Regulations, 1979. Besides, the family of those officers who were in the service of the bank prior to 29.9.1995 in case of Nationalised Banks/26.3,1996 in case of Associate Banks of State Bank of India, retired after that date and had died thereafter will be eligible for another option to join the existing Pension Scheme for family pension. These categories of officers / family members are to be sanctioned the benefits in terms of Regulation-29 of Bank Employees’ Pension Regulations, 1995.
6. In extending the aforesaid benefits, all terms and conditions contained in Joint Note dated 27.4.2010 as enclosed with our letter no. CIR/HR&IRG2/665/90/2010-11/999 dated 10.8.2010 should be strictly adhered to.
7. No other category of officers outside the purview of Regulation 19(1) of Bank Officers’ Service Regulations, 1979 would be eligible to exercise another option to join the existing Pension Scheme.
Yours faithfully‚
sd/-
K.UNNIKRISHANAN
DY.CHIEF EXECUTIVE
Source: ww.iba.org.in
[http://iba.org.in/upload/PensionVRSRetireesOSR.pdf]

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