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

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

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

Indian Banks' Association

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

February 1, 2018

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

Dear Sirs,
Dearness Relief payable to Pensioners for the period February 2018 to July 2018
The confirmed All India Average Consumer Price Index Numbers for Industrial Workers  (Base 1960=100) for the quarter ended December 2017 are as follows:-

October 2017 - 6551.03
November 2017 - 6573.86
December 2017 - 6528.21

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

Pending amendments to Pension Regulations, Banks may pay on ad hoc basis, the Dearness Relief payable to pensioners for the period February 2018 to July 2018 as per Annexure.

Yours faithfully,
sd/-

S K Kakkar
Senior Advisor (HR&IR)

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

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

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

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

Indian Banks' Association

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

February 1, 2018

All Members of the Association
(Designated Officers)

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

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

October 2017 - 6551.03
November 2017 - 6573.86
December 2017 - 6528.21

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

In terms of clause 7 of the 10th Bipartite Settlement dated 25.05.2015 and clause 3 of the Joint Note dated 25.05.2015, the rate of Dearness Allowance payable to workmen and officer employees for the months of February, March & April 2018 shall be 52.70% of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

Yours faithfully,
sd/-

S K Kakkar
Senior Advisor (HR&IR)

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

Dearness Allowance for Workmen and Officer Employees in banks for the months of May, June and July 2017 under X BPS/ Joint Note dated 25.5.2015

Indian Banks Association
HR & Industrial Relations

No.CIR/HR&IR/761D/2017-18/2625

April 29, 2017

All Members of the Association
(Designated Officers)

Dear Sirs,
Dearness Allowance for Workmen and Officer Employees in banks for the months of May, June and July 2017 under X BPS/ Joint Note dated 25.5.2015 

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base1960=100) for the quarter ended March 2017 are as follows:

January 2017	6254.30
February 2017	6254.30
March 2017	6277.12

The average CPI of the above is 6261.91 and accordingly the number of DA slabs is 456 (6261.91-4440 = 1821.91/4= 456 slabs). The last quarterly payment of DA was at 469 slabs. Hence, there is a decrease in DA slabs of 13, i.e. 456 slabs for payment of DA for the quarter May, June and July 2017.

In terms of clause 7 of the 10^th 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 May, June and July 2017 shall be 45.60 % of 'pay'. While arriving at dearness allowance payable, decimals from third place may please be ignored.

Yours faithfully,

S/d,
Chauhan
Senior Vice President

Signed Copy

Public Holiday on 19th April, 2017 on account of polling of By-Election, 2017

Election Holiday for Bank Employees on 19.4.2017 - IBA Orders issued
Indian Banks Association

HR & Industrial Relations

No.CIR/HR&IR/H6/2017-18/2534

April 18, 2017

All Members of the Association
(Designated Officers)

Dear Sirs,
Public Holiday on 19th April, 2017 on account of polling of By-Election, 2017

We enclose a copy of notification No. PHD. 1317/346/C.R.64/XXIX dated 10th April, 2017 issued by the Government of Maharashtra declaring Wednesday, the 19th April, 2017 as Public Holiday under the Negotiable Instruments Act, 1881 (XXVI of 1881), on account of polling of By-Election, 2017 in the concerned Municipal Corporation, Zilla Parishads and Panchayat Samiti.
This is for information of members banks.

Yours faithfully,
sd/-
K S Chauhan
Sr. Vice President-HR&IR

Authroity: www.iba.org.in

Click to view the order

Increase in DA for Bank Employees and officers from February 2017- Orders issued

Indian Banks' Association has issued Circular regarding Increase in DA for Bank Employees and officers from February 2017

Indian  Banks' Association

HR & Industrial Relations
No.CIR/HR&IR/76/D/2016-1711996

February 1, 2017

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  2017 under X BPS/ Joint Note dated 25.5.2015

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base1960= 100) for the quarter ended December 2016 are as follows:-

October 2016	6345.60
November 2016	6322.77
December 2016	6277.12

The average CPI of the above is 6315 and accordingly the number of DA slabs are 469(6315-4440= 1875/4= 469  Slabs) The last quarterly Payment of DA was at 478 Slabs.  Hence there is a decrease in DA slabs of 9, i.e 469 Slabs for payment of DA for the quarter February, March & April 2017.

In terms of clause 7 of the 101h  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  2017 shall be 46.90  % of  'pay'. While arriving at dearness  allowance payable, decimals from third  place  may please  be ignored.

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

Yours faithfully,
K S Chauhan
Senior Vice President

Source : IBA

Likely increase of salary for bank employees

Likely increase of salary for bank employees

After long wait and negotiations, strike call and withdraws, finally the wage hike settled for bank employees with 15% hike in pay slip components and two extra holidays per month. Click here for details. Details of hike and joint note will be prepared within three months. As per sources, two saturdays will be holidays from 1st April onwards.

Bank employees are very much eager to know the amount of exact increase in pay slip. Though no official confirmation is available, we reproduce a likely chart of increase as procured and sent by one of our viewers, Mr Debashis Das.

Likely increase of salary for bank employees – Approximate pay hike chart

Source: www.paycommissionupdate.blogspot.in

Dearness Relief payable for the period February, 2015 to July 2015

Dearness Relief payable for the period February, 2015 to July 2015 to (a) surviving pre 1.1.1986 retirees of banks (b) surviving spouses of pre 1.1.1986 retirees who are in receipt of Ex-gratia

Indian Banks’ Association

HR & INDUSTRIAL RELATIONS

No.CIR/HR&IR/D/G2/2014-15/1279

31st January 2015

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

Dear Sirs,

Dearness Relief payable for the period February, 2015 to July 2015 to (a) surviving pre 1.1.1986 retirees of banks (b) surviving spouses of pre 1.1.1986 retirees who are in receipt of Ex-gratia

As per the directive contained in the Government of India, Ministry of Finance Department of Financial Services (Banking Division) letter F.No.11/2/2012-IR dated 17.12.13, the Dearness Relief payable to surviving pre 1.1.1986 retirees/surviving spouses of pre 1.1.86 retirees of banks for the period February to July 2015 will be as under :

Applicable CPI Average		Amountof Ex-gratia per month	Rate ofAmount of dearness Relief   Dearness Relief per month		Total Ex-gratia amount induding Dearness Relief per month
		Z	%            Z		Z
5774	Pre 1.1.86 retireesSurviving spouses of pre 1.1.86 retirees	350	866.31	3032	3382
		175	866.31	1516	1691

yours faithfully,

sd/-
K S Chauhan
Senior vice President

Source: http://www.iba.org.in/Documents/Cir_12790001.pdf

Planning to all bank staff under 7th Pay Commission

Planning to bring all bank staff under 7th Pay Commission – Minister replied in Parliament

Member of Parliament Shri M.P.Achuthan asked some questions regarding bank employees in Parliament and the concerned minister replied…

Covering bank employees under Seventh Pay Commission

(a) whether Government is considering a proposal to bring about 800,000 employees under Seventh Pay Commission;

(b) if so, the details thereof; and

(c) the reaction of the bank trade unions to this proposal and Government reaction thereto?
Minister of State in the Ministry of Finance Shri Jayant Sinha replied in a written form as under…

(a) to (c) No such proposal is under consideration of the Government.

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

Bank D.A. for May/June/July 2014 - Reduction in CPI of 67.44 Points

Bank D.A. for May/June/July 2014 - Reduction in CPI of 67.44 Points

 

Dearness Allowance for Workmen and Officer Employees in banks for the month of May, June and July 2014 is payable for 650 slabs shall be 97.50%.  IBA Order:-

 

Indian Banks' Association

HR & INDUSTRIAL RELATIONS

 

No.CIR/HR.&IR/76/D/2014-15/9323

2nd May, 2014

All Members of the Association

(Designated Officers)

 

Dear Sirs,

Dearness Allowance for Workmen and Officer Employees in banks for the months of May June & July 2014 under IX BPS/Joint Note dt. 27.4.10

 

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base1960=100) for the quarter ended March 2014 are as follows:-

 

Jan 2014  -    5409.74

Feb 2014  -   5432.56

Mar 201 4 -  5455.39

 

The average CPI of the above is 5432.56. The DA paid for the quarter Feb to Apr 2014 was CPI average of 5500. Hence, there is a reduction in CPI of 67.44 Points (16 slabs).

 

Consequently, dearness allowance to employees is payable for 650 slabs for the period May, June & July 2014 i.e. a decrease of 16 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 months of May, June & July 2014 shall be 97.50% of 'pay'. While arriving at dearness allowance payable, decimals from third place may please be ignored.

 

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

 

Yours faithfully,

sd/-

K S Chauhan

Senior Vice President

 

Source: www.iba.org.in

[http://www.iba.org.in/Documents/DA_May_Jun_Jul_14.pdf]

Declaration of Holiday for all banks in India on 14th April 2014

Declaration of Holiday for all banks in India on 14th April 2014

Indian Banks' Association

HR & INDUSTRIAL RELATIONS

No.CIR/HR&IR/H6/2014-15/9223
April 9, 2014

All Members of the Association
(Designated Officers)

Dear Sirs,
Holiday on Monday, 14th April 2014 throughout India on account of Birthday of Dr. B R Ambedkar under Negotiable Instruments Act, 1881.

The Ministry of Personnel Public Grievances & Pensions (Department of Personnel & Training), Government of India vide O.M. F.No.12/4/2014-JCA-2 (copy enclosed) has declared Monday, 14th April 2014 as a holiday under the Negotiable Instruments Act, 1881 on account of the birthday of Dr. B R Ambedkar.

Banks may kindly take note of the same.

Yours faithfully,
sd/-
Chauhan
Senior Advisor-HR&IR

Encl. Declaration of Holiday on 14th April, 2014 - Birthday of Dr. B.R. Ambedkar - DoPT Order

Source: www.iba.org.in
[http://www.iba.org.in/Documents/scan014.pdf]

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

Dearness Allowance for Workmen and Officer Employees in banks - IBA Circulars

IBA Circulars - Dearness Allowance for Workmen and Officer Employees in banks for the months of February, March & April 2014 under IX BPS/Joint Note dt. 27.4.10

Indian Banks’ Association

HR & INDUSTRIAL RELATIONS

No.CIR/HR&IR/76/D/2013-14/8778

1st February, 2014

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 2014 under IX BPS/Joint Note dt. 27.4.10

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base1960-100) for the quarter ended December 2013 are as follows:

Oct 2013    -    5501.04
Nov 2013    -   5546.69
Dec 2013    -   5455.39

Consequently, dearness allowance to employees is payable for 666 slabs for the period February, March & April 2014 i.e. an increase of 25 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 months of February, March & April 2014 shall be 99.90% of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

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

Yours faithfully,
K Unnikrishnan
Deputy Chief Executive

Source: www.iba.org
[http://www.iba.org.in/Documents/DA.pdf]

IBA published Dearness Relief Orders for Bank Pensioners for the period February 2014 to July 2014 : IBA Circulars

IBA published Dearness Relief Orders for Bank Pensioners for the period February 2014 to July 2014 : IBA Circulars

Dearness Relief payable to Pensioners for the period February 2014 to July 2014

Indian Banks’ Association

HR & INDUSTRIAL RELATIONS

No.CIR/HR&IR/D/G2/2013/8784
February 1, 2014

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

Dear Sirs,
Dearness Relief payable to Pensioners for the period February 2014 to July 2014

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended December, 2013 are as follows:-

October 2013    - 5501.04
November 2013 - 5546.69
December 2013 - 5455.39

In terms of Regulation 37 of Bank Employees’ Pension Regulations, 1995 dearness relief is payable to pensioners at rates specified in Appendix II to the Regulations.
Pending amendments to Pension Regulations, Banks may pay on ad hoc basis, the dearness relief payable to pensioners for the period February 2014 to July 2014 as per Annexure.

Yours faithfully,
K UNNIKRISHNAN
DEPUTY CHIEF EXECUTIVE

Source: www.iba.org
[http://www.iba.org.in/Documents/DA_for_pensioners.pdf]

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]

Strike by Bank Employees on 18th December 2013 - IBA Notice

Strike by Bank Employees on 18th December 2013 - IBA Notice

Indian Banks’ Association
www.iba.org.in

NOTICE

STRIKE BY BANK EMPLOYEES ON 18th DECEMBER 2013

Indian Banks’ Association (IBA), on behalf of its member banks, wishes to inform the public in general and banks’ customers in particular that constituents of United Forum of Bank Unions (UFBU) consisting of five Workmen unions (AIBEA, NCBE, INBEF, NOBW, BEFI) and four Officers’ Associations (AIBOC, INBOC, AIBOA, NOBO) have given call to their members for All India strike on 18th December 2013 raising certain issues and demands. At IBA level, efforts are being made to avert the proposed strike.

In case, the strike materializes, the working of the banks where the constituent Unions / Associations of UFBU have majority membership may get affected on 18th December 2013. As a precaution, all concerned are requested to transact their banking business in advance / use alternate channels of banking facilities to avoid inconvenience to the extent possible.

IBA, on behalf of its member banks, regrets the inconvenience that may be caused to customers/members of the public, in the event the strike materialises.

Source: www.iba.org.in
[http://www.iba.org.in/Documents/REVISED_IBA%20ad_16_12_13.jpg]

Notice of Strike by UFBU on 18th December 2013

Notice of Strike by UFBU on 18th December 2013

Indian Banks' Association

HR & Industrial Relations

No.CIR/HR&IR/Q/2013-14/8381
December 2, 2013

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

Dear Sirs,
Notice of Strike by UFBU on 18th December 2013

The Convenor of United Forum of Bank Unions (UFBU) has served a notice of strike dated 2nd December 2013 informing us of their decision to go on a All India strike on 18th December 2013. A copy of the Notice listing their demands is enclosed.

In the event of the strike materializing on the 18th December 2013, we request you to take necessary steps/action including enforcing wage cut as may be necessary as per extant Government guidelines and guidelines issued by IBA from time-to-time and our circular No.PD/CIR/76/Q/177 dated 3rd May, 1993 and our circular no.CIR/HR&IR/76/Q/2009-10/1224 dated 25th August 2009. Please also advise all your branches/offices to prominently display a suitable notice regarding the proposed strike on 18th December 2013 for the benefit of customers and the general public.

We note to keep member banks informed of developments arising out of conciliation proceedings, if any, which may be initiated by the Conciliation Officer.

Yours faithfully,

K UNNIKRISHNAN
DY. CHIEF EXECUTIVE

UNITED FORUM OF BANK UNIONS
(AIBEA-AIBOC-NCBE-AIBOA-BEFI-INBEF-INBOC-NOBW-NOBO)

SBI Buildings, Bank Street, Koti, HYDERABAD – 500 095.
Telephone Nos. 040-24754166, 24754266, 24754566
E-mail: ncbe.hyd@gmail.com Mobile : 09848124254
Fax No. 040-24752966

UFBU / 2013 / STRIKE NOTICE 2nd December, 2013
FORM – 1
NOTICE OF STRIKE

NAME OF UNIONS :
- UNITED FORUM OF BANK UNIONS (U.F.B.U.)
- ALL INDIA BANK EMPLOYEES’ ASSOCIATION (AIBEA)
- ALL INDIA BANK OFFICERS’ CONFEDERATION (AIBOC)
- NATIONAL CONFEDERATION OF BANK EMPLOYEES (NCBE)
- ALL INDIA BANK OFFICERS’ ASSOCIATION (AIBOA)
- BANK EMPLOYEES FEDERATION OF INDIA (BEFI)
- INDIAN NATIONAL BANK EMPLOYEES FEDERATION (INBEF)
- INDIAN NATIONAL BANK OFFICERS CONGRESS (INBOC)
- NATIONAL ORGANISATION OF BANK WORKERS (NOBW)
- NATIONAL ORGANISATION OF BANK OFFICERS (NOBO)


NAMES OF ELECTED REPRESENTATIVES
1. Shri. M V Murali, Convener, UFBU & General Secretary, NCBE
2. Shri. C.H. Venkatachalam, General Secretary, AIBEA
3. Shri. Harvinder Singh, General Secretary, AIBOC
4. Shri. S. Nagarajan, General Secretary, AIBOA
5. Shri. Pradeep Biswas, General Secretary, BEFI
6. Shri. Subhash Sawant, General Secretary, INBEF
7. Shri. K.K. Nair, Chairman, UFBU & General Secretary, INBOC
8. Shri Ashwini Rana, General Secretary, NOBW
9. Shri. S Deshpande, General Secretary, NOBO

Dated this day of 2nd December, 2013

To
The Chairman,
Indian Banks’ Association,
World Trade Centre,
Cuffe Parade, Mumbai

Sir,
In accordance with the provisions contained in sub-section (1) of Section 22 of the I.D. Act – 1947, we hereby give you notice that the members of all the constituent unions of United Forum of Bank Unions ( AIBEA, AIBOC, NCBE, AIBOA, BEFI, INBEF, INBOC, NOBW, NOBO) propose to go on strike on the 18th December, 2013.

Main Issues and Demands :

•     IMMEDIATE WAGE REVISION
•     TO STOP BANKING REFORMS

The details of the programme and the Statement of the case are furnished herein.

sd/-
(M.V.MURALI)
CONVENOR

Source: www.iba.org.in
[http://www.iba.org.in/Documents/strike_notice_dt_2_12_2013.pdf]

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.