Bank Wage Revision: Small Committee Meeting held on 18.8.2018

Bank Wage Revision: Small Committee Meeting held on 18.8.2018

ALL INDIA BANK OFFICERS' ASSOCIATION

18th AUGUST SMALL COMMITTEE MEETING

ALL INDIA BANK OFFICERS' CONFEDERATION (AIBOC)
ALL INDIA BANK OFFICERS'ASSOCIATION (AIBOA)
INDIAN NATIONAL BANK OFFICERS' CONGRESS (INBOC)
NATIONAL ORGANISATION OF BANK OFFICERS (NOBO)

Camp: Mumbai

18th August, 2018

To
All Affiliates of AIBOC/AIBOA/INBOC/NOBO

Dear Comrades,
Small Committee Meeting held at Mumbai at IBA Office on 18/08/2018

A small committee meeting of Officers'Associations with IBA was held today at IBA Office, World Trade Centre, Cuffe Parade, Mumbai at 10-30 AM. The IBA team was led by Shri Prashant Kumar(DMD, SBI), Shri B. Ashok(GM, CBI), Shri Ujjwal Kumar(GM, UCO Bank), Shri LVR Prasad(GM, Canara Bank), Shri Raj Kiran Bhoir(GM, Bank of Maharashtra), Shri B Rajkumar(Dy C.E.O IBA)), Shri S.K. Kakkar(Sr. Vice President, HR & lR, IBA), Shri K.S. Chauhan, Advisor (HR & lR) and other officials of HR Dept. lBA. The four Officer organizations were represented by Com. Dilip Saha, Com Soumya Datta(AIBOC), Com S Nagarajan(AIBOA), Com K.K. Nair(INBOC) and Com. V Tikekar(NOBO) in the discussion.

On our charter of Demands containing both "Monetary and Non- Monetary" issues, elaborate discussions were held. On matters of issues having linkage of financial bearings, no finality could be arrived at in this meeting. However, on certain issues, they have agreed to place the issues before HR Committee of IBA for appropriate finalization. The IBA has responded positively to our request for convening an exclusive meeting on "Discipline and Appeal Regulations". On certain issues, notes are to be submitted by us within a time bound manner preferably in a week's time. We shall provide updates on further development.

Yours comradely,

(DILIOP SAHA) President AIBOC

(SOUMYA DATTA)General Secretary AIBOC	(S NAGARAJAN)General Secretary AIBOA	(K K NAIR)General Secretary INBOC
(V.Tikekar)General Secretary NOBO

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

IBA Official Minutes of meeting dated 23.02.2015 for 10th Bipartite Wage Revision – Bank Wage Revision from 01.11.2012

IBA Official Minutes of meeting dated 23.02.2015 for 10th Bipartite Wage Revision – Bank Wage Revision from 01.11.2012

Indian Banks’Association

Minutes of the discussions held on 23rd February 2015 between IBA representing 

Management of banks which are parties to the Bipartite settlement and 

Workmen Unions and Officers Associations on wage revision

Discussions were held between the Indian Banks’Association representing Managements of banks and the authorized representatives of Workmen Unions and Officers Associations on wage revision for officers in banks. After holding several rounds of discussions, the parties have mutually agreed as under:

1. The wage revision will be effective from 1.11.2012
2. The annual wage increase in salary and allowances @ 15% which works out to Rs.4725 crores on salary slip components.
3. The new scales will be constructed after merging dearness allowance corresponding 4440 points as on November 2011, which works out to 60.15% and adding a load factor of 2% on Basic pay plus Dearness Allowance as on 31st March 2012 amounting to around Rs.597 crores.
4. Distribution of annual wage increase between workmen unions and Officers Associations will be worked separately based on breakup of establishment expenses as on 31-3-2012.
5. Every second and fourth Saturday of the month will be a holiday and the other Saturdays will be full working days.
6. All other issues of the Managements and Unions/Associations discussed during the process of negotiation will be settled to the mutual satisfaction.
7. The parties will meet on mutually convenient dated to draw out a detailed Bipartite Settlement/Joint Note on the various issues on which consensus positions have been reached. The parties will endeavour to finalise the Bipartite Settlement/Joint Note within a period of ninety days from the date of this minutes.

Signed at Mumbai on 23rd February 2015

FOR MANAGEMENT	FOR OFFICER'S ASSOCIATIONS/ WORKMEN UNIONS
T M Bhasin	All India Bank Officer's Confederation
V R Iyer	All India bank Officers Association
Arundhati Bhattacharya	Indian National Bank Officers Congress
Rajeev Rishi	National Organisation of Bank Officers

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