2015 - Public Holidays for Banks - IBA

Indian Banks’ Association

HR & INDUSTRIAL RELATIONS

No.CIR/HR&IR/H6/2014-15/895

November 11, 2014

All Members of the Association

(Designated Officers)

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Expected D.A. for Bank employees for Nov'14 to Jan'15

Expected D.A. for Bank employees for Nov'14 to Jan'15

Projected DA slabs 49 (7.35%) for Nov-14 to Jan-15

CPI for the month of August'14 has been announced as 5774.95(253) on 30.09.2014. Earlier CPI for the month of July'14 was announced as 5752.12(252).

The DA slabs payable for the period of Nov 2014 - Jan 2015 is based on the average increase of CPI for the month of July 2014 to September 2014. On assumptions of CPI data if it would remain same for the months of September 2014 as of August 2014 (i.e. 5774.95);  

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No forward movement in bipartite talk, agitated bankers chose warpath

No forward movement in bipartite talk, agitated bankers chose warpath

In the last round of Wage Revision Talks of Bank employees (10th Bi-partite ) held between Bank Unions (UFBU)and Indian Bank's Association on 26th Sept'14  there was no forward movement in arriving  the quantum of increase in wages from the earlier offer of 11% of IBA .

Accordingly it was  unanimously decided to undertake agitational programmes to press the demands and to expedite the settlement. It was also decided to observe One day Protest Strike preceded by further action programmes through out the country.

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Bipartite Talks with IBA on 26.9.2014 – AIBOC

We have received the reaction from many of you on the outcome of the meeting with IBA. Our Confederation expressed its clear view in the UFBU meeting held on 26th September, 2014, that we want quick and sustained agitational programme against the apathy of IBA and the Government on our just and reasonable demands.

We also suggested that our strike call should be for 13th and/or 14th October preceded by programmes like no late sitting, not coming on Sundays and Holidays, Badge wearing, relay hunger strikes, rallies and demonstrations. Undersigned offered the challenge to hold a rally/demonstration on 27th September, 2014 itself at Delhi. However, the above programme only could be decided by the UFBU.

We call upon our members to be in preparedness for any call of the UFBU/organization.

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Details of Bank Bipartite talk on 17.09.2014

Following is the version of Gen. Secy., NUBE regarding bipartite talks held between IBA and UFBU on 17th September 2014.

Nothing conclusive.......

"MEETING WITH IBA ON WAGE REVISION TALKS

Today (17/09/2014) yet another meeting of the negotiating committee for 10th Bipartite Wage Revision took place in Mumbai, the undersigned on behalf of NUBE took part in the negotiations along with ten other unions.

 Mr.T.M.Bhasin the newly elected Chairman of IBA in his initial remark gave a brief of the present banking scenario and also explained in detail about the importance of banks’ profitability and paying capacity.

Mr. Rajiv Rishi, the new Chairman of the Negotiating Committee followed it by telling that it would not be possible for IBA to agree to the demands of the Unions for a hike of 25% since the banks were not doing well and the results of the first quarter were not rosy. Further he insisted that other issues should be discussed first and then we decide on the wage factor.

NUBE strongly objected to the stand of IBA and said that postponing a cardinal issue like wage load and discussing on other issues which can be settled simultaneously is nothing but dilly dallying.

Already nearly 8.5 lac Bank men are anxiously waiting for approximately two years patiently and their patience cannot be further tested. The Chairman negotiating committee wanted the unions to reduce their demand of 25% to which some unions agreed provided IBA also raises their offer.

IBA has not offered anything beyond 11% and the meeting concluded with a understanding that we will meet shortly. The way the talks are proceeding, we do not think that there would be any progress in the days to come.

Comrades from the above it is very clear that IBA is in no mood to settle the issue amicably. Their stubbornness is only making the Bank employees restless and paving a path for agitational programmes which is not good for the Industry.

However, we are left with no other alternative than to struggle if not we will be meekly surrendering to the dictates of IBA and history will not pardon us. So let us march ahead and struggle unitedly.

Yours Comradely,

(L.BALASUBRAMANIAN)

GENERAL SECRETARY

NUBE"

Source:paycommissionupdate.blogspot.in

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Representation of Bank and Insurance Employees

Press Information Bureau 

Government of India

Ministry of Finance 

Representation of Bank and Insurance Employees 

The Government has received representation/memorandum from employees of nationalized banks and Government Insurance Companies regarding their salaries, pension and other emoluments due to the employees/officers. 

The wage revision exercise in respect of employees of PSBs is undertaken through a bipartite negotiation process between Indian Banks’ Association (IBA), representing management of banks who have mandated it to negotiate on their behalf and the Unions/Associations of bank employees. The last meeting between IBA and Unions/Associations took place on 13.6.2014. 

In respect of the current wage revision of insurance companies, Central Government has already requested Life Insurance Corporation (LIC) and General Insurers’ (Public Sector) Association of India (GIPSA), coordination body of four public sector general insurance companies and General Insurance Corporation (GIC) to start wage revision consultation with their employee’s unions/associations. 

This information was given by the Minister of State for Finance, Smt. Nirmala Sitharaman in written reply to a question in Lok Sabha today. 

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Banks Employees Wage Hike Issue, Bank unions to meet Indian Banks Association to discuss on 13th June

Bank unions to meet Indian Banks Association to discuss Wage Revision

Employees unions of public sector banks are scheduled to meet Indian Banks’ Association (IBA) on Friday to discuss the issue of wage revision.

Representatives of the United Forum of Bank Unions (UFBU), an umbrella organisation comprising nine employees unions, will hold the meeting with IBA which represents managements of Indian banks.

The meeting – to be held on June 13 – was confirmed to PTI by C H Venkatachalam, general secretary of All India Banks Employees Association (AIEBA), a constituent of UFBA.

AIBEA is the largest PSBs employees union having a strength of about five lakhs banks employees.

Venkatachalam said: “This will be a crucial meeting. The management must consider the wage hike as an investment in their employees. Otherwise, with more private banks to be set up after the new bank licences are rolled out, they would easily poach from PSBs with higher pay packages.

“This will result in PSBs losing out after having spent considerable time, energy and money in fresh recruitment and training.”

Bank employees had gone on two-day nation-wide strike in February to press for their demands citing high inflation and rejecting the management’s offer of a 10% hike in the cash component of the pay package. It included basic pay, dearness allowance, house rent allowance, routine medical expenses and a special allowance, but excluding superannuation benefits, travel allowance and hospitalisation reimbursement.

“We want adequate hike in salary comparable to other sectors. Our readiness to agree to a low hike in the cash component will depend on the management’s readiness to accept our demands of taking care of housing as well as medical expenses of the employees and their family, including hospitalisation,” Venkatachalam said.

“In the last round of wage revision settlement signed in 2010 for 2007-12, the management had agreed to 17.5% raise in the total salary. This time, the employees are asking for an increase in the cash component of their salary,” he added.

Source:http://www.business-standard.com/article/pti-stories/ufbu-iba-to-meet-on-friday-over-wage-hike-issue-114061100736_1.html

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DEARNESS ALLOWANCE INCREASE FOR BANKERS FROM NOVEMBER, 2010

			Actual DA for	Revised DA for	Increase in DA
	Officers		August, Sept, Oct, 2010	Nov, Dec. 2010 & Jan. 2011
Stage	Scale	Basic Pay	40.80%	46.20%	5.40%
			DA Amount Payable	DA Amount Payable	DA Amount Payable
1	I,II,III	14500	5916.00	6699.00	783.00
2	I,II,III	15100	6160.80	6976.20	815.40
3	I,II,III	15700	6405.60	7253.40	847.80
4	I,II,III	16300	6650.40	7530.60	880.20
5	I,II,III	16900	6895.20	7807.80	912.60
6	I,II,III	17500	7140.00	8085.00	945.00
7	I,II,III	18100	7384.80	8362.20	977.40
8	I,II,III	18700	7629.60	8639.40	1009.80
9	I,II,III	19400	7915.20	8962.80	1047.60
10	I,II,III	20100	8200.80	9286.20	1085.40
11	I,II,III	20900	8527.20	9655.80	1128.60
12	I,II,III	21700	8853.60	10025.40	1171.80
13	I,II,III	22500	9180.00	10395.00	1215.00
14	I,II,III	23300	9506.40	10764.60	1258.20
15	I,II,III	24100	9832.80	11134.20	1301.40
16	I,II,III	24900	10159.20	11503.80	1344.60
17	I,II,III	25700	10485.60	11873.40	1387.80
18	I,II,III	26500	10812.00	12243.00	1431.00
19	I,II,III	27300	11138.40	12612.60	1474.20
20	I,II,III	28100	11464.80	12982.20	1517.40
21	I,II,III	28900	11791.20	13351.80	1560.60
22	I,II,III	29700	12117.60	13721.40	1603.80
23	I,II,III	30600	12484.80	14137.20	1652.40
24	I,II,III	31500	12852.00	14553.00	1701.00
25	I,II,III	32400	13219.20	14968.80	1749.60
26	I,II,III	33300	13586.40	15384.60	1798.20
27	I,II,III	34200	13953.60	15800.40	1846.80
28	I,II,III	35100	14320.80	16216.20	1895.40
1	IV	30600	12484.80	14137.20	1652.40
2	IV	31500	12852.00	14553.00	1701.00
3	IV	32400	13219.20	14968.80	1749.60
4	IV	33300	13586.40	15384.60	1798.20
5	IV	34200	13953.60	15800.40	1846.80
6	IV	35200	14361.60	16262.40	1900.80
7	IV	36200	14769.60	16724.40	1954.80
1	V	36200	14769.60	16724.40	1954.80
2	V	37200	15177.60	17186.40	2008.80
3	V	38200	15585.60	17648.40	2062.80
4	V	39300	16034.40	18156.60	2122.20
5	V	40400	16483.20	18664.80	2181.60
1	VI	42000	17136.00	19404.00	2268.00
2	VI	43200	17625.60	19958.40	2332.80
3	VI	44400	18115.20	20512.80	2397.60
4	VI	45600	18604.80	21067.20	2462.40
5	VI	46800	19094.40	21621.60	2527.20
1	VII	46800	19094.40	21621.60	2527.20
2	VII	48100	19624.80	22222.20	2597.40
3	VII	49400	20155.20	22822.80	2667.60
4	VII	50700	20685.60	23423.40	2737.80
5	VII	52000	21216.00	24024.00	2808.00

Source : Allbankingsolution

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