Dearness Relief payable to pre-1.1.1986 retirees of banks (b) surviving spouses of pre-1.1.86 Retirees receiving ex-gratia for the period February to July 2020

Dearness Relief payable to pre-1.1.1986 retirees of banks (b) surviving spouses of pre-1.1.86 Retirees receiving ex-gratia for the period February to July 2020

Indian Banks’ Association
HR & Industrial Relations

No.CIR/HR&IR/ D/G2/ 2019-20/ 8620

February 1, 2020

Designated Officers of all Nationalised Banks
and State Bank of India

Dear Sir/Madam,

Dearness Relief payable for the period February to July 2020 to surviving pre 1.1.1986 retirees of banks (b) surviving spouses of pre 1.1.86 Retirees who are in receipt of Ex-gratia

As per the directive contained in the Government of India, Ministry of Finance Department of Economic Affairs (Banking Division) letter F.No.11/2/2012-IR dated 17.12.2013, the Dearness Relief payable to surviving pre 1.1.1986 retirees of banks for the period February 2020 to July 2020 on Ex-gratia will be as under :

Also check: Bank Employees Dearness Allowance from February 2020 – DA 2020

Applicable CPI Average	Amount of Ex-gratia per month	Rate of Dearness Relief	Amount of Dearness Relief per month	Total Ex-gratia amount including Dearness Relief per month
7479	Rs.	%	Rs.	Rs.
Pre 1.1.86 Retirees	350	1151.73	4031	4381
Surviving spouses of pre 1.1.86 retirees	175	1151.73	2016	2191

Yours faithfully,
S K Kakkar
Senior Advisor(HR & IR)

Bank Employees Dearness Allowance from February 2020 - DA 2020

Bank Employees Dearness Allowance from February 2020 - DA 2020

According to the 10th Bipartite Settlement for the period from February, March and April 2020, 75.90 percent of the Dearness Allowance (DA) grants to Bank employees. In this regard the Indian Banks Association (IBA) released a circular and the same is reproduced and provided for your information below :

Indian Banks’ Association
HR & Industrial Relations

No.CIR/HR&IR/ 76/D/2019-20/ 8619

February 1, 2020

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 2020 under X BPS / Joint Note dated 25.5.2015.
The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960= 100) for the quarter ended December 2019 are as follows:-

• October 2019 – 7418.42
• November 2019 – 7486.90
• December 2019 – 7532.55

The average CPI of the above is 7479.29 and accordingly the number of DA slabs are 759 (7479 – 4440 = 3039 / 4 = 759 Slabs) The last quarterly Payment of DA was at 717 Slabs. Hence there is an increase in DA slabs of 42 i.e 759 Slabs for payment of DA for the quarter February, March and April 2020.

AICPIN for December 2019 – Press Release

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 2020 shall be 75.90% 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)

UFBU meeting All India Strike - Talks with IBA on wage revision - Offer increased to 8%

UFBU meeting All India Strike - Talks with IBA on wage revision - Offer increased to 8%

CIRCULAR NO. 31

Date: 30.11.2018

TO ALL AFFILIATES & MEMBERS
Dear Comrades,

• Talks with IBA on wage revision - Offer increased to 8%
• UFBU meeting - Call given for All India Strike on 26th 2018 against amalgamation of Bank of Baroda, Dena Bank and Vijaya Bank.

We reproduce hereunder the Circular No. UFBU/2018/20 Dated the 30th November 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 sincerely,
(SANJEEV K. BANDLISH)
GENERAL SECRETARY

"After the last round of discussions held on 12-10-2018, there was another round of Bipartite Talks between IBA and UFBU today in Mumbai. IBA team was led by Shri Rajkiran Rai G. (MD & CEO of Union Bank of India) Chairman of the Negotiating Committee of IBA. UFBU was represented by leaders of all the nine constituent unions.

IBA's increased offer: Picking up the thread from the discussions of the last round of discussions wherein we had urged upon the IBA to improve their offer of 6% hike in the cost of pay slip components, IBA today revised their offer and increased their offer to 8% instead of 6% offered earlier. IBA also reiterated their formula of further wage increase based on their proposal linked to annual increase in Operating Profit and on Return on Assets of the Banks. While welcoming their improved offer, we stated that differential wage increase based profits of each Bank is not acceptable to us and that the wage revision in the Banks should be uniform as has been hitherto. We also further stated that their revised offer is far below our expectations. Hence, we urged upon the IBA to further revise their offer substantially to an acceptable level. We further stated that the issue of full mandate i.e. wage revision for Officers to cover all Officers upto Scale-VII should also be resolved. IBA expressed their limitations in this regard but we insisted them to find an amicable solution to this important issue.

We have requested the IBA to hold further discussions at the earliest and also hold Sub Committee meeting to sort out other remaining issues raised by us in the Charter of Demands. IBA agreed to this suggestion.

UFBU MEETING: Thereafter, meeting of the UFBU was held at AIBEA Office. While taking note of the improved offer of IBA, the meeting expressed its disappointment that the revised offer is totally inadequate to meet our expectations and further noted with concern the attitude of the IBA in not coming forward to resolve the mandate issue. The meeting decided to pursue these issues vigorously.

WE OPPOSE MERGER AND AMALGAMATION OF THE 3 BANKS - ALL INDIA STRIKE ON 26-12-2018: Regarding the proposed amalgamation of Bank of Baroda, Dena Bank and Vijaya Bank, the meeting noted that the Government and the concerned Banks were moving ahead with their decision and hence it was decided to give the call for observing All India Strike on 26th December, 2018.

Separate circular with other preparatory programmes will be issued shortly. We call upon all our constituent unions and members to start preparations for this strike action.

Comrades, we are passing through challenging times and hence our unity and united approach will be highly imperative to face these challenges and attacks."

NCBE Cir. 31

DISCUSSIONS WITH IBA ON MEDICAL INSURANCE SCHEME

Discussions with IBA on Medical Insurance Scheme

ALL INDIA STATE BANK OFFICERS' FEDERATION
(Registered under the Trade Unions Act 1926, Registration No: 727/MDS)
State Bank Buildings, St. Mark's Road, Bangalore - 560 001

CIRCULAR NO.86

DATE: 10.08.2018

TO ALL OUR AFFILIATES/MEMBERS:
DISCUSSIONS WITH IBA ON MEDICAL INSURANCE SCHEME
We reproduce hereunder the text of AIBOC Circular No.57 dated 9th August, 2018 contents of which are self-explicit.

(Y.SUDARSHAN)
GENERAL SECRETARY

CIRCULAR No. UFBU/2018/14

Date : 08-08-2018

TO ALL CONSTITUENT UNIONS/MEMBERS

Dear Comrades,

DISCUSSIONS WITH IBA ON MEDICAL INSURANCE SCHEME

As already informed to units, bipartite meeting was held today between IBA and UFBU regarding renewal of our Medical Insurance Policy for serving employees/ officers as well as for the retirees for the ensuing period 2018-19. IBA team was represented by Shri Rajkumar, Dy. Chief Executive, Shri S K Kakkar, Sr. Advisor (HR&IR), and Shri K S Chauhan, Sr. Vice President (HR). All our constituent unions were present in the meeting.

IBA informed us that United India Insurance Co. has given their proposal for hike in the premium on the Policies both for the serving employees/officers as well as for the retirees as under:

Serving employees/officers : Increase in premium by 29% over existing rate Retirees (without Domiciliary) : Increase in premium by 110% over existing rate
Retirees (with Domiciliary) : Increase in premium by 144% over existing rate
We strongly objected to such steep hike in the rate of premium and informed the IBA that especially the hike in premium for the retirees is too exorbitant and not appearing to be relatable to actual claim ratio. We urged upon the IBA to take up with UIIC to drastically reduce the premium.

IBA informed us that they are already seized of the issue and the matter is being taken up with UIIC. We pointed out that the following points be kept in mind while finalizing the issue:

• There should be no attempt to discontinue the policy. Policy should be continued and renewed.
• The premium rates should be drastically revised downwards.
• Pending discussion with UIIC, the Policy for both serving employees and retirees should be extended upto 31-12-2018 with pro rata premium.
• Cost of upfront payment of annual premium should be factored in while finalizing the premium rate.
• Change in age profile of serving employees and retirees should be taken into account while working out the revised premium rates.
• IBA should take up with the Government for exemption of GST on premium amount.
• Renewed Policy should include a penalty clause for delayed sanction of bills/ reimbursement.
• If broker will not be involved in the scheme, suitable mechanism should be put in place to deal with cases of repudiation of claims, etc.
• Uniform guidelines should be given by IBA for sanction of amount under Buffer allocation.
• Premium should be worked out on a composite basis by clubbing both serving employees and retirees.
• Premium for retirees should also be paid by the managements.

IBA took note of the above points raised by us and assured to keep these views in mind while further dealing with the same.

Next round of Talks on 18-8-2018: Next round of Bipartite Talks (Sub-Committee) will be held on 18th August, 2018. Discussions will be held in the forenoon with the Officers Associations and in the afternoon with Workman Unions.

With greetings,

Yours comradely,
sd/-
(SANJEEV K. BANDLISH)
CONVENOR

Source: http://aisbof.org

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)

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

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

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

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

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

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

Bank Employees Wage Revision – UFBU not satisfied with IBA’s offer, to go on strike

Xth BPS : UFBU not satisfied with IBA’s offer, to go on strike

As scheduled the 10th BPS wage Negotiation Talk between Bank Unions (UFBU) and Indian banks Association held to day at Mumbai.

In the talks today(3rd Feb) IBA offered only 0.5% improvement(to take the wage hike to 13% from earlier offer of 12.5%) which is not satisfactory as per unions.

Bank Unions (UFBU ) decides to revive the Strike programme.

4 days Strike from 25th Feb and indefinite strike from 16th March.

Details are awaited
Update by Mr Mohan P

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

Bank Employees Strike on 12th November 2014

Bank Employees Strike on 12th November 2014

UFBU have announced a all India token strike on November 12 to reiterate their demands for a wage revision. The decision was made at the meeting that was held in Bengaluru yesterday.

It has been more than two years since the wage revision agreement had expired. Following this, a number of meetings were held between the associations and the bank management over the new salary and increment contracts. The IBA didn’t accept the demand for a 25% salary hike. Instead, the management offered 11% hike. The negotiations failed.

Meanwhile, in order to stress thier demand for salary hike, Bankers are going to hold Protest Day – Badge Wearing – Demonstrations/Rallies at all Centres on the 17th and 30th of this month. On the 12th of November, all bank staff are going to hold a nationwide strike. If we still do not reach an agreement on salary hike, they are going to hold day-long relay strikes at each of the four regional zones – north, south, east and west, from December 2 to 5. If the IBA continues to ignore thier demands, then they will be forced to launch an indefinite strike. Announcements in this regard will be made in December.

UFBU  said, everyone is aware that employees and officers in the banking sector are doing their best to serve the customers and implement various schemes of the Government despite innumerable hardships and difficulties. Yet, the genuine demand for adequate wage revision is being delayed and denied.

Decisions taken in the meeting…
 

March on to struggles and strike actions
All India Strike on 12th November, 2014
4 Days Zonal Strikes from 2nd to 5th December, 2014
Get ready for indefinite strike programme

Source: 7th Pay Commission News

#Bank Employees, #Bank Employees News, #Strike, #All India Strike, #Bank Strike, #Bank Xth Bipartite, #Bipartite Wage Revision, #IBA, #UFBU

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

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

Extension of repayment period for educational loans..!

 Extension of repayment period for educational loans..!

Time Limit for Repayment of Educational Loans...

No such proposal is under consideration of the Government at present, the Minister of State for Finance said in a written reply in the Parliament on 6th December 2013 as follows...

"As per revised Model Education Loan Scheme of Indian Banks’ Association (IBA), the students are allowed repayment period of 10 years for education loans upto Rs 7.50 lakh and 15 years for loans above Rs 7.50 lakh.

Students are allowed repayment holiday/moratorium during course period plus 1 year or 6 months after getting the job which ever is earlier.

No such proposal is under consideration of the Government at present".

Source: 90paisa.blogspot.in
[http://90paisa.blogspot.in/2013/12/extension-of-repayment-period-for.html]

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.