Wage Talks with IBA – One More Mere Routine Exercise

Wage Talks with IBA – One More Mere Routine Exercise

WAGE TALKS WITH IBA – ONE MORE MERE ROUTINE EXERCISE. ALL INDIA BANK OFFICERS’ ASSOCIATION

Circular No.22/VII/2018

October 14, 2018

TO

ALL AFFILIATED UNITS / STATE COMMITTEES

Comrades,

WAGE TALKS WITH IBA – ONE MORE MERE ROUTINE EXERCISE.

IBA has invited the nine organizations for a meeting at Mumbai on 12th October 2018 at 12.00 noon.

2. Preceding the meeting with IBA, on 11/10/2018, four officers’ organizations met at INBOC office at 4.45pm, to decide the collective and consensus approach of the organizations on IBA’s proposal of introduction of variable pay in one form or other in the present discussion itself. Amongst us, it has been decided to prioritize the issues: 1. Fractured Mandate; 2. Merger of Banks; 3.Expeditious conclusion of wage talks and 4.Focus on core banking activities and stop misselling of third party products. There are other issues like up-dation of pension, Family Pension and Recruitment of adequate workforce in the Industry. AIBOA was represented by Com.V.Ramabhadran, Convenor, Wage Committee, Com.V.Viswanathan President, AIBOA (MSC), along with the undersigned.

3. The representatives of the nine constituents met in the IBA office as per the requirements of the situation by preponing the meeting scheduled to be held on 14th at Mumbai to 12th at 09.30 hrs, at IBA office. AIBOA was represented by Com.Narendra Kotiawala, DGS, Com.V.Ramabhadran, Secretary, AIBOA along with the undersigned. The meeting commenced a bit late but the decision was unanimous on rejecting the proposal of the IBA on introduction of fixed and variable pay as part of current wage talks. On Merger of three banks, the discussions were inconclusive, as the time scheduled for discussion was at 12.00 hrs.

4. The IBA team was led by Shri. G.Rajkiran Rai, MD&CEO Union Bank of India, Shri.Prashant Kumar, CFO, SBI, Shri.V.G.Kannan CEO IBA, Shri.B.Raj Kumar Dy.CEO IBA, Shri.S.K.Kakkar Sr.Advisor HR&IR IBA, Shri.K.S.Chauhan and other officials of the HR Department participated in the exercise. Shri. R.K. Takkar Chairman Negotiating Team IBA, MD & CEO UCO Bank, and Shri Shyam Srinivasan MD&CEO Federal Bank were on Video Conference mode. The nine unions’ representatives were present in the discussions.

5. In the 90 minutes exchange of expressions between both parties came to an end with the following candid collective and consensus conclusions from 9 unions side to the IBA stand.

· IBA’s earlier offer of 6% on Pay slip Components made on 30th JULY 2018 should be enhanced substantially.

· Introduction of linkage of Pay with Return on Assets[ROA] and also on Operating Profit has been rejected in toto.

· The managements of SBI,BOB,PNB, UNION BANK AND INDIAN BANK should be prevailed upon by IBA as per the advice of CLC to revise their stand to cover all seven scales, as in the past.

6. It has been also made clear that there is every possibility of entering into confrontation mode because of the rigid approach of the IBA.

7. In the post lunch session, the adjourned meeting of the nine constituent unions commenced to transact the remaining issues for arriving at a decision. The representatives of INBOC and NCBE too expressed their organizational stand on merger of Banks. At the end, it was decided to escalate the resistance level in a gradual and sustained manner by the unions culminating in two days strike in the winter session of the Parliament.

8. In our assessment, struggles are the only available avenue to move forward to secure a reasonable wage hike, as the workforce collectively worked to give a substantial gross profit in the year ended 2017 and 2018.ONWARD

MARCH TO STRUGGLES AGAINST THE MERGERS , 

FRACTURED MANDATE AND 

RESPECTABLE WAGE REVISION 

LINKING TO RISK, RESPONSIBILITY, 

ACCOUNTABILITY AND TRANSFERABILITY.

Yours comradely, 

S.NAGARAJAN. 

GENERAL SECRETARY

Source: AIBOA

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Insurance Backed Hospitalization Scheme – AIBOA

Insurance Backed Hospitalization Scheme

ALL INDIA BANK OFFICERS’ CONFEDERATION

ALL INDIA BANK OFFICERS’ ASSOCIATION

ALL INDIA BANK OFFICERS’ CONGRESS

NATIONAL ORGANISATION OF BANK OFFICERS

12.10.2018

The Chief Executive Officer

Indian Banks Association 

World Trade Centre Cuffe Parade 

Mumbai

Sir,

REG : INSURANCE BACKED HOSPITALISATION SCHEME

We refer to the IBA’s Health Insurance Policy renewed by the member banks, as advised by you after negotiating with UIICL, for the year from 01.10.2018 to 30.09.2019. We understand that in the renewed policy, the insurance company has reduced the Room Rent / Bed Charges ceiling from Rs.5000/- to Rs.4000/- per day.

You will appreciate that the officers are eligible for the hospitalization facility in terms of the Joint Note dated 25.05.2015 signed between the IBA and the four Officers’ organizations. As per the said Joint Note, the officers are eligible for reimbursement of Room Rent / Bed charges upto Rs.5000/- per day, the natural sequel of which is the eligibility for the class of treatment attached to the eligible class of room.

It is true that in the meeting held on 14.09.2018 IBA had proposed to reduce the Room Rent ceiling from Rs.5000/- to Rs.4000/- per day, as IBA had felt that all other hospital charges are linked to room rent and if room rent eligibility is reduced to Rs.4000/- per day all other expenses relating to hospitalization would automatically reduce there by reducing the insurance claims and the claim ratio. We did not give any consent to the IBA’s proposal on that day.

Subsequently vide our letter dated 18.09.2018, all the four Officers’ Organizations informed you that the IBA’s proposal is not acceptable to us and we are not agreeable to any reduction in Room Rent / Bed Charges. Hence we are surprised that in spite of our said communication, IBA has gone ahead with reducing the Room Rent / Bed Charges ceiling from Rs.5000/- per day to Rs.4000/- per day for officers also.

You will appreciate that by reducing the Room Rent ceiling, you are not merely reducing the hospitalization bill but you are basically reducing the eligible class of treatment for the officers. Hence the reduction of Room Rent / Bed Charges ceiling to Rs.4000/- per day for officers is not acceptable to us.

As mentioned by us in the letter dated 18.09.2018, till 10th Bipartite settlement the officers were eligible for Room Rent / Bed Charges upto 125% of the eligibility of award staff and thus were eligible for higher class of treatment. In 10th Bipartite Settlement, the workman were made eligible for the Room Rent at par with the officers there by providing them the same class of treatment as applicable to the officers. The increase in the hospitalization bills, which is the reason given by IBA for suggesting reduction in room rent, may be due to the decision of IBA to provide medical facility to the workman at par with officers in 2015.

While we do not have any grouse against providing medical facility to the workman at par with the officers, you will appreciate that it is not fair on the part of IBA and the Banks now to reduce the eligible class of treatment for the officers because of the increasing hospitalization bills. Hence, we urge you to restore the Room Rent ceiling for officers to earlier limit of Rs.5000/- in terms of our Joint Note dated 25.05.2015.

Sir, as you are aware that the entire premium on the insurance policy of serving employees is paid by the bank and hence we had no reason to have any meeting with you to discuss on the increase/ decrease in premium by the insurance company for the serving employees, our main concern was to discuss the policy of the retirees. The main purpose of our meeting was to find out the ways and means to reduce the burden of premium on the retirees who are required to pay the insurance premium from out of the meager amount of pension received by them. In this connection, we had suggested that the premium should be composite and not segment wise i.e. the premium for the serving employees and the retirees should be the same and that the premium of the retirees should be borne by the bank in the same manner as the banks are reimbursing the medical expenses to the Ex MDs and Ex EDs. We had also made several other suggestions. But from your communication sent to the member banks on 09.10.2018 we find that except for our suggestion to provide flexibility in the insured amount, no concrete steps to make the health insurance affordable to the retirees and to reduce the burden on them seems to have been taken by the IBA.

We urge you to restore the Room Rent ceiling at Rs.5000/- per day to the officers in terms of the Joint Note dated 25.05.2015 and honor bilateralism.

Yours sincerely,

AIBOC – 

General Secretary

AIBOA – 

General Secretary

INBOC – 

General Secretary

NOBO – 

General Secretary

Source: AIBOA

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Unions Firmly Rejected The Proposal of IBA – AIBOA

Unions Firmly Rejected The Proposal of IBA – AIBOA

“Banking unions as they firmly rejected the proposal of IBA, lock, stock and barrel in the recent discussions held on 12th Oct,18 at Mumbai”

ALL INDIA BANK OFFICERS’ ASSOCIATION

CIRCULAR No.21/VII/2018

October 14, 2018

TO ALL UNITS / STATE COMMITTEES

Comrades,

FALSE AND MALICIOUS PROPAGANDA TO DEFAME THE BANK EMPLOYEES TU MOVEMENT UNDER THE BANNER OF UFBU

Our attention has been drawn to a joint circular purported to have been issued by our organisation jointly with AIBEA. First up of all there is no meeting of 9 constituents of UFBU at Chennai today.

The contents are false, malicious and also to bring disrepute to banking unions as they firmly rejected the proposal of IBA, lock, stock and barrel in the recent discussions held on 12th Oct,18 at Mumbai. The release of the circular with the forged signatures of General Secretaries of AIBOA and AIBEA is squarely condemned.

Please don’t be misguided by the false news.

We are initiating appropriate steps to nab the culprit under the provisions of law applicable, as this mishap has to be nipped it in bud.

This is the danger in utilising technology beyond the required level.

Yours Comradely, 

sd/- 

S.NAGARAJAN. 

GENERAL SECRETARY

Source: http://www.aiboa.org

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Bank Wage Revision: Small Committee Meeting on 18.8.2018

Bank Wage Revision: Small Committee Meeting held on 18.8.2018

ALL INDIA BANK OFFICERS’ ASSOCIATION

18th AUGUST SMALL COMMITTEE MEETING

ALL INDIA BANK OFFICERS’ CONFEDERATION (AIBOC)

ALL INDIA BANK OFFICERS’ASSOCIATION (AIBOA) 

INDIAN NATIONAL BANK OFFICERS’ CONGRESS (INBOC) 

NATIONAL ORGANISATION OF BANK OFFICERS (NOBO)

Camp: Mumbai

18th August, 2018

To All Affiliates of AIBOC/AIBOA/INBOC/NOBO

Dear Comrades,

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

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

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

Yours comradely,

(DILIOP SAHA) President AIBOC

(SOUMYA DATTA) General Secretary AIBOC

(S NAGARAJAN) General Secretary AIBOA

(K K NAIR) General Secretary INBOC

(V.Tikekar) General Secretary NOBO

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

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Kerala Floods: AIBOA Request to Extend Financial Assistance

Kerala Floods: AIBOA Request to Extend Financial Assistance

AIBOA, its State Committees and affiliated units stand and share the pains and sufferings in full measure…

Extend Help in Ample Measure – AIBOA

ALL INDIA BANK OFFICERS’ ASSOCIATION

Circular No.18/VII/2018

August 16, 2018

To: ALL UNITS / STATE COMMITTEE

[URGENT & IMPORTANT]

Dear comrades,

Nature’s Fury

God’s own Country suffered immeasurable loss

Normal activities brought to stand still

Extend help in ample measure

The nature’s fury has affected beyond anyone’s imagination the “God’s own Country”, a state in which 100% literacy has been achieved and extended lot of support to the National Economy through foreign inward remittance. For the past ten days, the force of the flood water has brought the normal life stand still.

The State Government has sounded red alert to all the 14 Districts in the State of Kerala. Educational Institutions have been shut down. Kochi airport is under water and closed for operation upto Sunday. So far, it is reported that 1.5 lakhs people have been lodged in the relief camps. The National festival of “ONAM” celebrations have been cancelled. Loss of human lives, halt of transport facilities “Rail” and “Air” and also common men requirements are thrown to winds.

AIBOA, its State Committees and affiliated units stand and share the pains and sufferings in full measure.

We request you to extend financial assistance and the remittance may be sent to the following account.

“United Bank of India, Nungambakkam Branch

A/c Name: All India Bank Officers’ Association

A/c No.11960 1010 3543 / IFSC : UTBI0NUN826”

Please send us the message by e mail too so as to consolidate the amount received and send it to “AIBOA –Kerala State Committee” for onward remittance to the affected people of the Kerala.

Please reach us immediately.

Yours comradely, /

S.NAGARAJAN/ 

GENERAL SECRETARY

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

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Historic 48 Hours Strike Commenced with Big Bangs

Historic 48 Hours Strike Commenced with Big Bangs

ALL INDIA BANK OFFICERS’ ASSOCIATION

Circular No.12/VII/2018

May 30, 2018

To:

All UNITS /STATE COMMITTEES

Dear Comrades,

WELL BEGUN HALF DONE.

HISTORIC 48 HOURS STRIKE HAS COMMENCED WITH BIG BANG.

MASSIVE RESPONSE BY THE BANKING WORKFORCE.

In response to the call of 48 hours strike given by the nine constituents consisting of 4 officers’ organisations and 5 workmen organisations, the entire work force in the banks, have collectively responded to the directions given by the unions. Reports are pouring in from various parts of the country that the response is unprecedented. Unmindful of the soaring temperature, the participation by the members established in unmistakable terms that the level of dissatisfaction is crossed the tolerance level.

2. Looking to the developments that has rocked the Banking system in the last week of January 2018, the responsible and responsive organisations in Banking, took a right decision to postpone the one day strike in Feb, 2018 and responded to the situation by holding a Dharna on 21st March, 2018 at Delhi. The delegation met the Hon’ble Finance Minister and also the Secretary D.F.S. Government of India, which facilitated for a meeting with IBA after six months period. It was a bolt from the blue on 5th May, 2018, that IBA offered a meagre increase of 2% in pay slip components based on the establishment charges as at 31.03.2018. As far as officers are concerned that IBA’s stand on negotiations upto Scale III was certainly unacceptable. In spite of CLC counseling in the conciliation meeting held on 28th May, 2018, the approach of the IBA was all the more intriguing.

3. The four officers’ representatives meeting with Additional Secretary DFS, as decided earlier, facilitated the change in the approach with respect to the negotiations upto Scale VII. But there was no urgency felt on the part of the IBA, to avert the strike, by proposing the mid course correction in the overall atmosphere of negotiations. The last minute half hearted approach by the authorities is also unjust.

TO Conclude; SUCCESS IS NOT SOMETHING READYMADE. IT COMES FROM YOUR OWN SET OF ACTIONS PERFORMED.

MOVE ON, MOVE TOGETHER, MAKE THE STEPS MORE MEMORABLE IN THE ANNALS OF THE HISTORY OF MANKMEN.

Yours comradely, 

S.NAGARAJAN. 

GENERAL SECRETARY

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

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11th Bipartite: Wage Negotiation with IBA on 5th May 2018

11th Bipartite: Wage Negotiation with IBA on 5th May 2018

“In talks today IBA made a meager offer of 2% increase and hence it was rejected by UFBU. Hold massive demonstrations on 9th May throughout the country. Get ready for 2 days strike by month end – AIBOA Secretariat”

Details awaited…

More links:

11th Bipartite Talks: Meeting at DFS on 2nd May 2018

11th Bipartite Settlement : Meeting of the Core Group (Workmen) was held on 6.9.2017

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

11th Bipartite Common Charter of Demands – AIBEA

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AIBEA & AIBOA : Joint Massive Signature Campaign

AIBEA & AIBOA : Joint Massive Signature Campaign

SAVE BANKING INDUSTRY – JOINT SIGNATURE CAMPAIGN – TARGET ONE CRORE ALL INDIA BANK OFFICERS’ ASSOCIATION

Circular No.1/VII/2018

January 8, 2018

To: ALL UNITS / STATE COMMITTEES

Comrades,

SAVE BANKING

INDUSTRY JOINT SIGNATURE CAMPAIGN 

TARGET – ONE CRORE

The present Government at the centre with the focussed approach is targeting the “main nerve centre” of economic activity of our Nation [ie] our Industry, to carry out their plan of actions. Some of them are – broadly;

1. INFUSION OF CAPITAL TO BANKS: The Government conceded our demand but they are attached the conditions of reforms [ie] consolidation through mergers etc.

2. RECOVER THE BAD LOANS THROUGH STRINGENT MEASURES: In order to silence the strong voice of the people at large, an amendment to Banking Regulation Act – “Insolvency and Bankruptcy code” was brought in. 12 top accounts amounting more than Rs.2,52,000 crores is pending before National Company Law Tribunal[NCLT] for adjudication. Through the NCLT total money will not come back to the Banks but accommodation of the big defaulters would certainly take place.

3. ACCOMMODATION OF THE BAD LOAND DEFAULTERS AND PENALISE THE COMMON MAN / DEPOSITORS: The earning to a financial Institution is mainly through lending operations. When the bad loans are increasing, earnings are declining. To cover the future loss, the exercise of provisioning is taking place. Small depositors are to be paid increased rate of interest, to encourage the savings. But the present position is not favourable to small investors. In the name of non-maintaining the minimum balance in the accounts, depositors are penalised by levying charges and the income earned through this method is more than the real banking transactions.

4. BRANCH EXPANSION IS THE NEED OF HOUR NOT BRANCH CLOSURE: We have proved that the favourite issue of “financial inclusion” has been brilliantly implemented by Bankmen across the country thereby nearly 21 crores of accounts have been added with a total deposit of over Rs.70000 crores. We need branch expansion to cater the requirements of the common people of this country. At this point of time, Government is seriously pursuing the issue of mergers of Banks. 5 Associate Banks mergers with SBI had already led to closure of 1000 branches . Further 200 to 300 branches, SBI is planning to close down.

5. WITHDRAW FRDI BILL: Untimely introduction of the bill by the present Government has kick started the flight of Bank deposits to mutual fund. Leading Bank- SBI- has released an advertisement in social media instigating the small investors to invest in mutual funds instead of savings, through Bank accounts. The “bail in” clause has created sufficient fear and loss of confidence in Public Sector Banks.

Comrades, our Joint signature campaign has to be actively pursued and hit the target of getting the common people involved in the noble tasks of “Saving the Banking Industry” thereby “saving the Nation”. 

Plunge into vigorous campaign as the time at our disposal is too short and also precious.

Yours comradely, 

sd/- /S.NAGARAJAN/ 

GENERAL SECRETARY

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

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