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Circular No.13/VI/2015

August 21, 2015






Dear comrades,





AIBOA, looking into various developments in our Industry, felt the need of demanding “Regulated working hours” for officers as one of the important demand in our Silver Jubilee Conference held at Delhi in the first quarter of 2006.


2.         It was brought to the knowledge of other Officers’ Organisations during the course of finalising the Charter of Demands in the VI Joint Note exercise at Hyderabad and submitted to the then Chairman of IBA Mr.M.B.N.Rao, CMD of Canara Bank.  IBA was reluctant to address the problems, at that point of time.


3.         Our organisation had participated in the All India Stay out Strike in February 2013 and in reply to the strike notice filed before CLC[C], IBA had responded vide their letter dated 13.02.2013 to the demand that the Banks are functioning only for 4 hours on Saturdays instead of normal working hours.


4.         Looking to the varieties of changes in the work processes, 66% of Banking services are handled through alternative delivery channels, controller of the Banking system having 5 days working, owner of the Banking system having regulated working hours of 8 hours and 5 days a week, markets operations are in force for 5 days made the Bankmen to take up the demand more vigorously during the current wage revision exercise.  23.02.2015 was the day, the news was broken that the authorities at Government level conceded partially to the demand of 5 days a week.  In exchange of 2 days holidays ie; on 2nd and 4th Saturdays, the other Saturdays in the month will be full working days ie; 6-1/2 hours of work.  In the negotiation table, it was informed by IBA team, that the value of the two days holidays is equivalent to 1.81% of payslip components.


5.         The Government of India has released the notification yesterday, ie; the effect of the new service condition will be from 01.09.2015.  We are to pursue the demand of converting the partially achieved 2 days Saturday holidays to a full fledged one.


The vision of Late Com.RJS has been pursued with sincerity and successfully achieved.


Yours comradely,









Circular Letter No. 6/VI/2015

Camp: Bengaluru16.08.2015


Dear Comrades,



1.         The 4th Central Committee of AIBOA held at Mumbai on 20th and 21st  June 2015decided to establish the “Private Sector Bank Officers’ Forum” at the earliest possible time. At the CC venue itself, the preparatory exercise commenced, in an exclusive meeting participated by the Office bearers of our affliates of  Private Sector Bank Officers’ Organization, under the banner of AIBOA.

2.         Com.Venkatesh Babu, Vice-President AIBOA was taking all steps to bring the representatives to have the preparatory exercise to establish the “Forum” and accordingly, a meeting of four affiliates’ representatives was held today at Bengaluru at All India Vysya Bank Officers’ Association at Tyagaraja Nagar, Bengaluru.

3.         The meeting commenced at 11.00 am under Presidentship of Com.Venkatesh Babu, Vice-President of AIBOA. Com.A.N.Suresh, Joint Secretary AIBOA also participated. The proceedings were initiated by lightening the traditional lamp by the General Secretaries of Private Sector Bank Officers’ Associations along with the undersigned.

4.         There was a detailed deliberation by the participants on recruitment, working conditions, transfer issues, environment, outsourcing of jobs, cross selling of the products, promotion related issues, performance bonus as well as bandings and 2nd and 4th Saturdays holidays etc.

5.         All the representatives presented their view points on the agenda   placed for discussions.  Com.A.N.Suresh, Joint Secretary AIBOA was forceful in his presentation and reiterated the need to organize the CTC Officers under trade union lines as the conditions of employment are highly demanding in the present day competitive Banking, leading to job losses.

6.         In the post lunch session a resolution was placed to establish the “Private Sector Bank Officers’ Forum”  with an aim to co-ordinate with the affiliates, and also with other forums.                                                                                                          

7.         The newly founded forum is having the office bearers/CC members proposed by the undersigned for the adoption by the participants.

CHAIRMAN                           :  Com.R.Venkatesh Babu (Kotak Mahindra Bank)
CONVENOR                         : Com.K.Raghava (Karnataka Bank Ltd)
JOINT CONVENOR:          : Com.Suresh Gupta (J& K Bank Ltd)
CC Members:                      : 1Com. S.A.Sridhar (Kotak Mahindra Bank )
                                                  2.Com. Arvind Chougale (
RBL Bank Ltd.)
                                                  3.Com.Prabhat Singh Jamwal (
J &K Bank Ltd.)
                                                  4.Com.B.Jayarama Naik (
Karnataka Bank Ltd.)
                                                  5.Com.Dilipkumar Dari (
RBL Bank Ltd.)

The above proposal was unanimously accepted.

8.         The meeting had the benefit of the address by Com.K.Raghava, Convenor   and Com.Venkatesh Babu, Chairman “Private Sector Bank Officers’ Forum” to work towards achieving greater heights  to secure the job and job security to one and all.

9.     The meeting concluded with certain clarifications from the undersigned on “2nd and 4th Saturday holidays and call to observe 2nd September 2015 the national strike along with CTUs.

Onward march to further consolidation of officers under the banner of AIBOA.

Yours comradely,



Circular Letter No.5/VI/2015

August 6, 2015















The 11 CTUs viz., BMS, INTUC, AITUC, HMS, CITU, AIUTUC, TUCC, SEWA, AICCTU, UTUC, LPF along with All India Federations of Banks, Insurance, Defence, Railways, Central/State Government Employees and other Service establishments conducted a National Convention of workers on 26th May 2015 at Malvankar Hall, Delhi.  AIBOA was represented by Com.Alok Khare, Vice Chairman, Com.S.S.Shishodia, President, Com.M.A.Srinivasan, Deputy General Secretary, Com.Sanjay Khan, Joint Secretary besides the undersigned.


2.         The National Convention adopted a declaration listing out the following demands.


            i]          Control the Price Rise

            ii]         Contain the unemployment

            iii]        Strict implementation of Labour Laws

            iv]        Halt the mass scale contractualisation

            v]         Ensure minimum wage of not less than Rs.15000/-

            vi]        Extend Universal social security benefits

            vii]       Pension for all including unorganised workers

            viii]      Compulsory registration of TUs within 45 days

            ix]        Immediate ratification of ILO convention 87 and 98

            x]         Halting the the FDI in Defence /Railways / Insurance

            xi]        Attempts to disinvest the Government equity in Public Sector Banks

                        xii]       Attack on agriculturists through Land acquisition bill promulgamated

through ordinance…… etc.,


3.         As on date, there are 44 Labour Laws.  Massive exercises are already afoot to bunch the same into 5 distinct ones encompassing, wages, Industrial Relations, Social Security, Safety and Employment.  At present, there is no need to have the official sanction where the establishment is engaging 100 members to close down now it is proposed to enhance the number of workers to 300.  Where an establishment is employing less than 40, they are not to comply with the existing labour laws.  The cabinet has approved to employ children below 14 years of age to work after school hours in family enterprises or the entertainment Industry


4.         As far as our Industry is concerned “Gyan Sangam” meet at Pune in the first week of January 2015, clearly signalled the desire and decision of the Government to bulldoze the plan of consolidation and various working groups have been appointed to role out the blueprints to achieve their targets.  The then IBA Chairman prior to his appointment as one of commissioner in CVC, present the blue print on “Bank consolidation” too.  The working groups are already on the job to take our Industry to the path of partial/full privatisation mode.


5.         AIBOA, the second largest organisation of Bank Officers , also decided to present the issue of non implementation of understandings in the matter 2nd / 4th Saturdays and also the right of representation of AIBOA affiliate Units in the individual Banks level, as our issues.




6.         Our organisation known for its steadfast approach in identifying with the struggling masses did participate in the two days strike on 20-21 February 2013, along with other constituents of UFBU.


Having sensed the moves of the Government,  as anti labour and anti peoples and Bank officers can not remain aloof, apart and away from the common struggles of the workers decided in the CC held at Mumbai to observe the “2nd September 2015 Strike”, along with other organisations.


v                                   Jobs and Job Security are at Stake


v                                                                  Hence move collectively to observe the strike on 2nd September 2015 without any deviation.


Yours comradely,






Circular No.12/VI/2015

June 24, 2015












As decided by the AIBOA Secretariat in the meeting held at Mumbai on 25.05.2015, the 4th Central Committee meeting was held at Mumbai on 20th and 21st June 2015.


2.         The meeting were conducted by the Joint Presidium of Com.Alok Khare Vice Chairman and Com.S.S.Shishodia, President of our organisation.


3.         The Office Bearers meeting was held prior to Central Committee to report about the role of our organisation in clinching 7th Joint Note on officer wage revision to arrive at a proper plan of action in the matter of holding the overdue State Committee conferences and expeditious steps to complete the process of unification of officers in Punjab and Sind Bank under one banner.


4.         The Central Committee commenced its proceedings at 5th floor, Kamanwala Chamber, Sir P.M.Road, Mumbai at 15.45 hrs.  After the Welcome address by Com.Rajan Chandorkar, Chairman, Maharashtra State Committee of AIBOA, followed by Com.Narendra Kotiawala, Joint Secretary, AIBOA and in charge of Maharashtra State of AIBOA, flower bouquets were presented to Principal Office Bearers and Roses to participants. 


5.         Com.Vishwas Utagi, General Secretary, MSBEF  true to the avowed objective to make “working together works” in response to necessities of the time, a best model State Unit of AIBEA and also AIBOA, in his short, sharp and pointed presentation unfolded the stark realities. viz., facing the uncertainties in our Industry, need to move closer to combat the attacks of the owners in the background of implementing the proposals of “Gyan Sangam” meet, role of the twin organisations in achieving the wage revision for the workforce in the Banking Industry, demanding actions against the large borrowers who failed to clear the Bank loans etc.  He appealed to the members of the Central Committee to be prepared in readiness to face challenges of the times in unison and halt the moves of present Government.


6.         The CC commenced its proceedings after paying rich tributes to the departed leaders, personalities in all walks of life by observing two minutes silence.  The proceedings of the 3rd Central Committee held at Kolkata in September 2014 were placed by Com.M.A.Srinivasan, Dy.Gen.Secretary for the information and adoption by the house.  The proceedings were confirmed and adopted unanimously.


7.         As the developments between the last CC held at Kolkata and till Mumbai, particularly centering round the current wage revision, the General Secretary presented the events in a chronological order to CC members,  Com.Alok Khare, Vice Chairman supplemented further details to the house, the collective efforts made by team to realise the 7th Joint Note.  Thirteen CC members participated in the discussion.  While folding up the “wage revision topic”, the detailed clarifications were given.  Certain issues, which are all requiring clarifications and resolution, it was decided to take up the same with IBA.  The CC unanimously resolved to hail the settlement and the significant role played by our organisation in partial realisation of the demand of “5 days week”, uniform minimum increase of “2% + 7.75%” throughout the scale [ie] Scale I to Scale VII, introduction of insurance backed hospitalisation scheme by adopting the same in the Industry excepting in the SBI.


8.         LEVY – After a detailed clarification for a query raised by the participants, it was unanimously decided to collect the contribution from the members @ 4% of arrears payable on NET amount ie; [Gross –PF –Taxes] to be shared @ 1% equally by base unit/All India Federation/AIBOA State Committees/AIBOA Central Office.


9.         Formation of Private Sector Bank Forum – This CC had the opportunity of 4 Private Sector Bank representatives participating in our deliberations.  As decided in our 3rd CC meeting at Kolkata, in terms of discussion held amongst them, the Private Sector Forum under our banner will be formed at Bengaluru and dates will be mutually decided amongst the representatives shortly.


10.       The second day session commenced at 09.30 am.  An exclusive audience of Office Bearers was provided to the Presidents and General Secretaries of both the Federations of Punjab and Sind Bank Officers to work out the “ways” and “means” of the process of unification of the membership in Punjab and Sind Bank.  After hearing the representatives it was unanimously felt that the affairs of the unification exercise should be handled by AIBOA in a time bound manner.


11.       The CC recommenced at 11.30 am on the second day.  On utilisation of RJS Bhavan it was reiterated that each affiliated unit should necessarily utilise the Institute for the purpose of conducting their CC meeting, once in 18 months, Defence Training and also for organisational meetings to keep the expenditure vis-a-vis the earnings at breakeven point.


12.       Two Roses – Units are appealed to enhance the number of subscribers from the present level 6600 to 10000  and there is an urgent need to take this organisational task as a prioritised one, as the Magazine has got wide appreciation in midst of the readers at large, though the cost of operations is substantially high.


13.       Adoption of Accounts Com.G.Gunasekaran, Treasurer presented the audited accounts for the year ending 31.12.2014.  After certain clarification on the “Two Roses” break up details submitted to the committee, as requested in the Kolkata central committee, and also on the donations made by AIBOA  the accounts was adopted unanimously.


14.       On conclusion of the agenda listed in the notice, participants in CC were advised to present their view points.  Twenty six comrades participated in the discussion, providing the sufficient time to express their view points. This Central Committee was participated by representatives of Nineteen State Committees and eighteen affiliates.  President and General Secretary Jammu and Kashmir Bank Officers’ Association participated after an interval.


A pointed and precise reply was presented to the CC.


The decisions of the Central Committee are:


[a]        [a]  The CC unanimously hailed the role of AIBOA in its journey to realise the wage revision for the entire community with the adverse environment prevailing in the Industry. The CC placed on record the sheet anchor role play by Com.D.Raja, M.P. in realising the demand of the Bankmen as a whole.


[b]       [b]  AIBOA men and women will participate in the National Strike on 02.09.2015, thereby identifying with the common men struggles of our Nation.


[c]        [c]  On the Strike call by AIBEA on 24.06.2015, in support of SSBEA demands, AIBOA will extend moral support and will not do any clerical work on the strike day [ AIBEA has however subsequently postponed the strike call ].


[d]       [d]  On attack on Officers’ community in Bank of Maharashtra, the CC decided to take up with all concerned authorities and more particularly to communicate to SLBC leader [ie] Chairman, Bank of Maharashtra to halt the attack on the officers in the Industry.


[e]        [e]  The recent termination of the leader in Dhanalakshmi Bank on a purported plea of “loss of confidence” is a new twist by the management, requires unequivocal condemnation, as the principles of natural justice has been thrown to winds.  CC decided that “Dhanalakshmi Bank” should be taken over by a Public Sector Bank instead of by a new generation of Private Sector Banks.


[f]        [f]  The overdue State Committee conferences of Delhi, Haryana, Punjab, UP and Odissa should be held on or before 31.07.2015 failing which the State Committees will stand automatically dissolved with effect from 01.08.2015 and the affairs of the State Committee will be taken up for appropriate action for revitalisation of the same by AIBOA.  The post held by the Punjab and Sind Bank in the State Committees will be kept vacant.


[g]       [g]  The contribution / levy to be collected from the arrears payable to officers @ 4% from the net arrears to be shared in the ratio of 1:1:1:1 [ie] base/All India Federation/State Committee of AIBOA/AIBOA.


[h]       [h]  The Private Sector Forum for officers under our banner will be established / formed at the earliest and not later than 30.09.2015.  The responsibility to conduct the first meeting has been undertaken by All India ING Vysya Bank Officers’ Federation.


[i]         [i]  The unification exercise has been put in place of the both Federations operating in Punjab and Sind Bank and the process will be completed within three months by the Central office of AIBOA.


[j]         [j]  An affiliate of us “ADB Officers’ Union” for which ratification of the same is yet to be sought, from the CC.   Before the same, the Bank is facing a merger with the parent organisation.  The staff  are facing the retrenchment with effect from 01.07.2015.




True to the conviction and determination to keep the flag of AIBOA to fly aloft, Rs.4 lacs contribution towards “Tarak Institute” in February 2006, Rs.1 lac contribution to the installation of the bust size of the statue of Com.RJS in 2015, the effortless manner the “Team AIBOA Maharashtra” carried the tasks of handling the affairs swiftly and also with precision with least strain on the individuals deserve to be recorded in glittering letters in the onward march of the movement of AIBOA.


The team work is unique and worth remembering.


Conclusion - Comrade, Alok Khare, Vice Chairman in his precise concluding remarks made fine expressions of our performance and also the tasks to be undertaken by us with urgency.  He complimented the role of Team Maharashtra for a wonderful execution of the assignment in a short time.


Onward  march to 2nd September 2015, National Strike.



Yours comradely,




Circular No. 11/VI/2015

May 25, 2015


                                                                                                                                                                                                                            CAMP:  MUMBAI                                         





Dear Comrades








31 months of long journey  commenced on 30th Oct 2012 has ultimately ended by inking the 7th Joint note in the Banking Industry today at Mumbai, benefitting 3,04,090 Officers.


IBA team was led by Shri T M Bhasin, Chairman IBA (CMD Indian Bank), Shri Ashwini Kumar, Chairman Sub Committee on Officers’ demands/issues & CMD Dena Bank, , Shri Shyam Srinivasan CEO Federal Bank, Shri Animesh Chauhan MD & CEO OBC, , Shri Ashwini Mehra  DMD SBI, Shri M V Tanksale CEO IBA, Shri K Unnikrishnan Dy CEO IBA, Shri K S Chauhan Senior Vice President, HR & IR IBA besides back up team of HR Dept members of IBA.


AIBOA team was led by Com Alok Khare, Vice Chairman, Com S S Shishodia President, Dr Kumar Arvind Vice President, Com M A Srinivasan Dy Gen Secy, Com S N Dutta Dy Gen Secy, Com G Gunasekaran Treasurer, Com Narendra Kotiawala Jt Secy besides the undersigned.


After the brief exchange of pleasantries on the happy occasion of concluding the discussions on the wage revision and service conditions of the Bank men,  reiterating the concern to protect , promote and preserve the Public Sector Banks and work towards strengthening and raising to standard of participation of the banks in Nation Building Exercises, in midst of mounting NPAs, due to economic conditions in our country. Then  the representatives of the unions and IBA inked the Joint Note, thus ended the long drawn process of wage negotiation in the industry.


The salient features of the Joint Note signed are  :


a)      a]Shifting the system of arriving at the wage load on Pay slip components instead of the earlier exercise of total overall load on establishment expenses.


b)     b]Due to the capping of 2% over 60.15%  DA merger with the existing Basic Pay for the purpose of construction of new Basic Pay, a new element/component with a nomenclature  as “Special Allowance attracting DA” is introduced. A minimum of 9.75% uniform increase has been  ensured to all Officers in the industry.


c)      c]The frozen CCA of earlier Joint note has been defrezed /enhanced this time, as there was a demand by AIBOC to merge with HRA like workmen, in the earlier Joint Note exercise in 2010. Only 54% of Officers are getting CCA.


d)     d]The quantum of HRA due to 163.335% rise in the existing basic pay would automatically enhance the HRA. Still, we have added 0.5% in all three areas benefitting 55% of the Officers in the industry.


e)      e]There is an increase in FPP, PQP and also in the medical aid available yearly.


      f]AIBOA, in its silver jubilee conference held at New Delhi in February  2006, realizing the ever increasing workload of Officers gave a call for “ Regulated working hours” and “5 days a week”. Now keeping the interest  of “GENNEXT” Officers in mind  on whose shoulders the burden of building the public sector banks rests, 2nd and 4th Saturdays will be declared as holidays and in lieu of it 1st and 3rd  Saturdays will be full working days.  5th Saturday of the month will be full working day. It was assured on 23rd Feb 2015, while drawing the MOU, after 6 to 12 months, subject to review,  the matter would be revisited. Hence the vision of late Com “RJS” is  fulfilled to quench the thirst of the new generation of Bank Workers to initiate new process of work – life balancing exercise to a great extent. This is another great achievement of AIBOA.


g)     g]Insurance backed hospitalization was also brought as a part of the settlement to the total workforce of the industry except to SBI workforce. It is going to be a new experiment, however  the workforce in the industry has to deal with the Bank only.


To put in a nutshell, a per capita increase of Rs 80,720/= per annum is available. A unique step forward has been made in the matter of D & A regulations and regulated working hours for Officers. The process has been set in motion. Other issues pertaining to the Officers’ community has to be taken forward after discussing the same in our central committee. The issues raised on behalf of the retirees has not  progressed well but a record of proceedings was signed by all the Negotiating Unions to work out the ways and means to address the pressing problems.


IBA has agreed to advise the Banks to release the arrears from 01.11.2012 to 31.05.2015 at the earliest. AIBOA secretariat which met at Mumbai has decided to call upon the Officers for a 4% levy after tax to be shared equally between base/State/All India Federation and AIBOA. In addition  an amount of Rs 1000/= may please be paid to “AIBOA Unorganised Sector Relief Fund” as a good will gesture, to fulfill  the dream of Late Com RJS. We call upon the members and units to fulfill the financial obligations without fail, as this is a main fulcrum to keep the “Tarak Institute” in perfect condition.


The role played by Com D Raja, M P on 18.02.2015 setting the stage to clinch the wage settlement to 8 lacs workforce by leading the delegation of “AIBEA & AIBOA” principal Office bearers to The Hon Finance  Minister Shri  Arun Jaitley was noteworthy. Our red salute to the sterling role played by him in our industry.


Congratulations!! Your unflinching loyalty to AIBOA and its role to achieve a meaningful wage settlement is once again demonstrated .






Yours Comradely






Encl: Annexure


1.      Scale of Pay:


Scale I     :   23700  - 980 (7) – 30560 -1145 (2) - 32850-1310 (7) - 42020

                        Scale II    :   31705 – 1145 (1) – 32850 – 1310 (10) - 45950

                        Scale III   :  42020 – 1310 (5) – 48570 – 1460 (2) - 51490

                                Scale IV      50030 – 1460 (4) – 55870 – 1650 (2) - 59170

                        Scale V    :   59170 – 1650 (2) – 62470 – 1800 (2) - 66070

                        Scale VI  :    68680 – 1960 (4) - 76520

                        Scale VII :    76520 – 2120 (4) – 85000


2. &nbnbsp;    STAGNATION INCREMENT: -


Scale  I   4 increments once in 3 years

Scale II  4 increments (3 increments once in 3 yrs & 1 increment after 2 yrs) DOE – 01 5 2015.

Scale III 5 increments (4 increments once in 3 yrs & 1 increment after 2 yrs) D O E – 01 05 2015

Scale IV 1 increment once in three years  DOE 01 05 2015


3.      D A     @ 0.10% for every 4 points rise.


4.      H R A:  from 01.11.2012


Major A:         9%

Area I   :         8%

Others  :         7%

5.      C C A from 01.11.2012:


Area I:                4% MAX    Rs 870

Others:   3% MAX    Rs 600


6.      Special allowance from 01.11.2012:


Scale  I  to  III                         7.75%  +  DA 

Scale  IV & V                          10%     +  DA

Scale  VI & VII                                   11%     +  DA


7.      PF from 01.11.2012                10%


8.      Medical Aid:               Scale I to III:   Rs 8000/=

                                       IV & above:    Rs 9050/=


9.      Recovery of House /Furniture Rent :

0.75% and 0.15% of the first stage of Basic Pay.


10.  FPP from 01.11.2012:


Basic Comp                DA                  Total

1310                            143                  1453

1460                            159                  1619

1650                            180                  1830

1800                            196                  1996

1960                            214                  2174

2120                            231                  2351


11.  PQP  from 01.11.2012:

Part I: Rs   670 pm

Part II: Rs 1680 pm


12.  Deputation Allowance:


Outside the organization:  7.75% max Rs 4000/= pm

Inside the organization:     4.00% max Rs 2000/= pm


13.  Hill & Fuel Allowance from 01.11.2012:


1000 mtrs to 1500 mtrs:         2%  Max Rs 750/= pm

1500 mtrs to 3000 mtrs:         2.5% max Rs 1000/= pm

Above 3000 mtrs:                   5%  max  Rs 2000/= pm


14.  Special Area Allowance w.e.f 01.11.2012:


15.  Mode of travel:/LFC

LFC monetization: 100% of the eligible fare.

Monthly income Rs 10,000/= (aggregate of both parents)


16.  Project Area Allowance:   Group A: Rs 400/ p m

       Group B: Rs 350/ p m


17.  Mid Academic Transfer Allowance:             Rs 1100/= p m DOE 01 6 2015


18.  Split Duty Allowance:                                               Rs   200/= p m



19.  Compensation on transfer: [D O E 01 06 2015]


Scale I to III:   Rs 15000/=

IV & above:    Rs 20,000/=


20.  Improvements in Leave:


Special leave upto 30 days for donation of organs in the service.

Paternity leave for 15 days

Child adoption leave maximum period of 6 months.

Privilege leave accumulation upto 270 days  encashment upto 240 days.


21.  2nd a d 4th Saturdays –Holidays


           Notification from the Government is awaited.

Circular No.10/VI/2015                                                                                                                                          nbsp;                                         May 20,2015
                                                                                                                 Camp :Mumbai                                                                                                           

To All Units / State Committees                                                                                              

Dear Comrades,

·                                                          Understanding reached on financial components of wage revision.

·                                                                  7th Joint Note to be inked on 25th May 2015 at Mumbai

Today, the penultimate round on the current wage revision was held at IBA Office, Cuffe Parade, Mumbai at 2.30 p.m. The IBA team was led by Shri Arun Tiwari, CMD, Union Bank, Shri Ashwini Mehra, DMD, SBI, Shri M. V. Tanksale, CEO, IBA, Shri K. Unnikrishnan, Dy. CEO, IBA, Shri K. S. Chauhan, Vice President, HR & IR, IBA besides the support team of IBA.

Preceding the discussions, there was a preliminary round in which Com. Alok Khare, Vice Chairman, besides the undersigned with the other organizational representatives participated in the exercise.

CEO, IBA while welcoming the representatives of the officers organisations expressed his happiness in the matter of reaching the understandings on distribution of the financial benefits to the officers based on the MOU inked on 23rd February 2015. He emphasized the need to protect and promote the public sector banks image in the eyes of the common man of the country. He also expressed the need to take forward the message of building a sense of belonging to the members of the officers community. Shri Arun Tiwari, CMD, UBI was categorical that the work force needs to be satisfied first through whom the image building and the involvement to build the public sector banks would become possible. Representatives of the four officers organisations responded positively to the observations and expressions made by the members of the IBA team. The agreed load was distributed amongst the pay slip components through mutual discussion and the chart of allocation was signed by the both the parties. The details are as under :

1.       Basic  Pay  –   Scale I     - 23700  - 980(7) – 30560 -1145(2)-32850-1310(7)-42020

                                Scale II    - 31705-1145(1)-32850-1310(10)-45950

                                Scale III   - 42020-1310(5)-48570-1460(2)-51490

                                Scale IV   - 50030-1460(4)-55870-1650(2)-59170

                                Scale V    - 59170 -1650(2)-62470-1800(2)-66070

                                Scale VI   - 68680-1960(4)-76520

                                Scale VII  - 76520-2120(4)-85000

2.       Dearness Allowance - @0.10% per slab above CPI 4440 currently - 33.70%

3.       Addl Stagnation increment - Scale II – 1,       Scale III-1,       Scale IV-1 (periodicity once in two years)

4.       CCA                                        - Higher Area 4% - 870, Lower Area 3% - 600

5.       HRA                                        - Major A class – 9%, Area I – 8%, other places -7%

6.       Medical Aid                           - Scale I to III – Rs.8000, Scale IV and above – Rs. 9050

7.       Special Allowance               - Scale I to III – 7.75%, Iv & V – 10%, VI & VII – 11%

                 (it attracts Dearness Allowance)

The approval related to holidays on 2nd & 4th Saturdays is pending with Government Authorities for their approval and notification. Comrades, efforts are taken to give true reflection of the above in the joint note coupled with particulars related to other service conditions too. Various suggestions have been made by officers organizations to IBA on these matters.

 We shall convey the full details of the joint notes once the same is finally inked on 25th May 2015 at Mumbai.

Yours Comradely,





April 18, 2015





Dear Comrades, 




40 years back, on the same date, we lost one of precious jewel of the middle class Trade Union movement of the Country, Com.H.L.Parvana, In the words ofCom.Prabhat Kar..


'" .....He was the life and soul of AIBEA centre. His dedication to the cause and thoroughness of minutest details are unparalleled. In every dimension of work of AIBEA, he was indispensable. In movement, in agitation, in campaign, in negotiations, in settling differences and solving problems his unique contribution was visible. As an agitator, organiser, as a leader conversant with every sphere of Trade union movement, his imprint was distinct. He was a comrade with clarity, with vision and a comrade who never knew tiredness." 


We pay our respectful homage to the great son of India, who stood taller by his contribution to the society at large and to the nation through strengthening the Public Sector Banking concept.  He was dismissed from bank's service for organising the trade union in Punjab National Bank. He was the one who had unique distinction of remembrance and respect from all sections of the society, that the newspapers of Delhi was not published on 19th April,1975,as a mark of respect, next to Pandit Jawaharlal Nehru, the Prime Minister of the Country in 1964. dismissed from bank's service for organising the trade union in Punjab National Bank. He was the one who had unique distinction of remembrance and respect from all sections of the society, that the newspapers of Delhi was not published on 19th April,1975,as a mark of respect, next to Pandit Jawaharlal Nehru, the Prime Minister of the Country in 1964.


 "The trade union is an instrument for social Change", saying by the architect of alternative model of goverence by the class struggles. This expressions aptly suits to long travel of the five magic letters of middle class trade union  organisation of the Bankmen of our nation VIZ; AIBEA. There is certainly a need to look back to the history to understand the path traversed by the great movement from various circumstances.The trade union is an instrument for social Change", saying by the architect of alternative model of goverence by the class struggles. This expressions aptly suits to long travel of the five magic letters of middle class trade union  organisation of the Bankmen of our nation VIZ; AIBEA. There is certainly a need to look back to the history to understand the path traversed by the great movement from various circumstances.


ROME WAS NOT BUILT OVER NIGHT BUT BRICK BY BRICK:  The colonial rule established through trade and commerce, by the East India Company, led to the establishment of Banks in India, which also attracted individual Indians to establish the Banks. In the international arena, the Great October Revolution in Soviet Russia in 1917,sparked the fire for initiating independence struggles. The first and foremost trade union organisation in pre independent India was established in October 1920, the AITUC,  was a milestone in the advancement of Trade union, an inspiration instilled in the young minds.  The Quit India Movement, the naval mutiny and also the freedom struggles were the stepping stones for the foundation of AIBEA.


In this background, unable to bear the brunt and inhuman behaviour of Bank Managements in various parts of the country, to secure the job security with dignity, the first trade union of Bankmen was founded on 20th April,1946, in the colonial control. The birth place was naturally Bengal, which produced nobel men and women for the betterment of our dear Nation. Com.Prabhat Kar, who took all the pains to organise the 20th April,1946, in the colonial control. The birth place was naturally Bengal, which produced nobel men and women for the betterment of our dear Nation. Com.Prabhat Kar, who took all the pains to organise the Bank employees in the State of Bengal, was an employee of The Llyods Bank Ltd. For upholding the values and also protest against wrong application of law to deny the reasonable wages to the workforce in Central Bank of India, a solidarity strike call was  given by the Bengal State Federation under his leadership led to his dismissal from bank service. He took all the pains to organise the bankmen by his organisational tours continuously. In the year 1953, he took the reins of the bankmen movement, as the General Secretary of AIBEA, effectively led and powerfully presented the arguments before the tribunals. During the two decades of journey from 1946 to 1966, the various forms of struggles launched by him inside the courts and outside in the streets, won the right of negotiation through bilateral agreements. First and Second bilateral settlements in 1966 and 1970 were of significant in nature and contents. The role played by the TWINS Com.Prabhat kar and Com.H.L.Parvana in the Bank Nationalisation struggle led to the division in the ruling party and also tremendous capacity to repulse back when the powerful lobby of Industrialists opposed the Bank Nationalisation through legal recourse. Not only extended organisational support to realise the demand for the Welfare of the nation through Nationalisation, but also ensured workers participation in th Banks Board by an innovative idea at that point of time.  TWINS Com.Prabhat kar and Com.H.L.Parvana in the Bank Nationalisation struggle led to the division in the ruling party and also tremendous capacity to repulse back when the powerful lobby of Industrialists opposed the Bank Nationalisation through legal recourse. Not only extended organisational support to realise the demand for the Welfare of the nation through Nationalisation, but also ensured workers participation in th Banks Board by an innovative idea at that point of time. 


During the emergency time, the target of attack was on AIBEA and its leadership by the adversaries within and also by the Government too. He withstood along with Com.D.P.Chadha, one more captain added to the list of leaders par excellence. It was in the post emergency period, to realise the demand of wage revision, an indefinite strike call in January 1979 was given during the Janata Party Government. All the operating unions in the Industry were to plunge into action, but the then AICOBOO backtracked. It was the part of deceptive game backed up by the Government. Not deterred by the sudden turn of events, one day prior to the indefinite call, a settlement was clinched, by Com.Prabhat kar with the help of late Mohan Dharia.


In the 1980 Conference held at Allahabad, saw emergence of another towering personality Com.Tarakeswar Chakraborti as General Secretary of AIBEA to lead the movement from 1980 to 2003. Fourth Bipartite settlement was signed on 16th September,1984 without even a day’s strike in the Industry. That was the sharp tactics of the leaders who were heading the movement.


THE NEED TO ORGANISE THE OFFICERS WAS FELT AND REALISED: Whether AIBEA acted as a splitter ? The answer is NO.To develop the militancy coupled with the working relationship with workmen, AIBOA was founded, which Government and Managements never wanted. The fundamental principle is “working together works”. Com.Prabhatda was a really a visionary leader, par excellence.  The birth of AIBOA was the brainchild of Com.Prabhat Kar, who was the founder President of AIBOA. He ensured that AIBOA enters the negotiation table by submitting the first charter of demands on 26th June 1984. The joint strike call of AIBEA and AIBOA brought the benefit of first joint note on officers wage revision in August 1985 in the Industry.


 The struggles led to pin point the ills of the Industry right from 1985,publication of defaulters lists and leading Parliament Morcha to draw the attention of the common men of the nation were note worthy. Securing the benefit of “cradle to grave” Pension Scheme in the Industry in 1993 and also 2010 to the Bankmen by AIBEA was fully backed up by AIBOA. It was richly acknowledged by the General Secretary in his Report presented in Jaipur conference in 1996, the role of AIBOA  standing firm to thwart the attack of JAC.


Contributions and achievements of AIBEA in building a fine value based society of Bankmen are worth mentioning. Fighting for Jobs and jobs security has become a perennial issue, right from the date of birth of AIBEA till date.


The powerful and magic five letters attracts the attention of everyone- young and old, poor and rich, employees and the retirees, and Government and managements.


The journey continues...... Caravan walks on...........  AIBEA....... March on.

AIBOA  expresses best of memories and wishes on the

70th Founding Day of AIBEA

 Yours Comradely,





Circular No.8/VI/2015

April 17, 2015







Dear Comrades,





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.


Ø  Improvements in the proposed Insurance backed Hospitalisation Scheme.

Ø  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. [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.

Ø  Constraints in construction of Pay scales with the condition of 2% loading 

Ø  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,




Circular No.7/VI/2015

March 16, 2015








Dear Comrades:





In continuation of the earlier meeting held on January 14, 2015  one more round of discussion on Officers  issues, was held at IBA office today, at 3.00 pm.


IBA was represented by Sh. Ashwini Kumar, CMD, Dena Bank, Sh. Shailesh Verma, CGM, SBI, Sh.M.V.Tanksale, CEO, IBA, Sh. K. Unnikrishnan, Dy.CEO, IBA, besides officials of HRD Department of IBA. AIBOA and INBOC were representated by its General Secretaries.  Other organizational representatives were also present.


The CEO, IBA while initiating the discussion complemented for arriving at the M.O.U on 23rd February, 2015, emphasized the need to conclude the finalization of the matters at the earliest.  Shri Ashwini Kumar  also congratulated the leadership for clinching the wage component together with 2 days holidays on Saturdays.


It was mutually accepted that the salary and allowances, as well as the perquisites and medical facilities listed in the charter of demand will be taken up for discussions once the draft scales are drawn up by the IBA for discussion.  In the matter of discipline and Appeal regulations, it was agreed to submit once again a comprehensive chart to IBA which will be taken up for discussion by a small committee of IBA for further discussion in the HR committee of the IBA.   In the matter of regulated working hours, it was agreed by IBA to issue a communication to the member banks, not to call officers on Sundays and Holidays, except on some specified emergent circumstances.


In the matter of leave rules, it has been broadly agreed to follow  the provisions of the Sixth Pay Commission recommendations.  A clear submission was made to monetize the LTC scheme on the lines of RBI.  The income stipulation for categorizing the “dependent” has been agreed to be enhanced substantially with the stipulation that the dependent is not an Income Tax payee.  It has been agreed to recommend to the government to consider Banking Administrative Tribunal on the lines of CAT.  It was also informed that the protection of emoluments on transfer will also be positively considered, as the same was drawing the attention of the top management team of the various banks.  As the issues discussed are to be given an appropriate shape, we may term this round of discussion as inconclusive.  In our considered assessment there is certainly a forward movement in this round of discussion.  It was expressed by the representatives of IBA to arrive at a positive conclusion by the end of this month through mutually convenient date of negotiations. It was further informed that IBA is actively engaged in drawing up the draft  scales of pay and expected to discuss  the same at an earliest possible time with us.


Our endeavour to reach a  reasonable and respectable settlement in terms of monetary gains as well as appropriate advancement in the other service regulations, like discipline and appeal regulations, will continue.


With Greetings.


Yours Comradely,


 (S. NAGARAJAN)                







Circular No.6/VI/2015

February 23, 2015

            Camp: MUMBAI




Dear Comrades,






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.                b        Total Increase of 15% in Payslip components- amounting of Rs 4725 crores.

c.                c         Construction of new Basic Pay by merging 60.15% of D.A impact where of not to exceed 2% of BP plus DA

amo                      amounting Rs 597 cr.

d.                 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.



Yours comradely,






[Central Office: Chennai]



[Central Office: Chennai]


CIRCULAR TO ALL UNITS                                                                                                                                                                  19TH February, 2015

Camp: New Delhi

Dear Comrades,

AIBEA-AIBOA’s meeting with Finance Minister today


In order to take up some of the important issues with the government, we had sought for an appointment with the Finance Minister, Government of India.  We are happy to inform our units that with the help of Com. D. Raja, Member of Parliament, CPI, we met Shri. Arun Jaitley, Hon. Finance Minister today in his office in Delhi.  From our side, Com. Rajen Nagar and Com. C.H. Venkatachalam, President and General Secretary of AIBEA and Com S.S. Shisodia and Com. S. Nagarajan, President and General Secretary of AIBOA were present in this meeting.  Com. D. Raja was also present along with us. 


For about 40 minutes, we explained our issues to him and Finance Minister gave a very patient hearing with positive observations on some of the issues raised by us.  We also submitted a joint memorandum to him covering the issues taken up during the discussions. 

We reproduce herein the copy of the Memorandum for the information of our units and members.


Yours comradely,


                                                  C.H. VENKATACHALAM                                                    S. NAGARAJAN

                                                  GENERAL SECRETARY                                              GENERAL SECRETARY

                                                            AIBEA                                                                       AIBOA





[Central Office: Chennai]



[Central Office: Chennai]


Dated : 19th February, 2015


Shri. Arun Jaitley,

Hon. Minister for Finance

Govt. of India

New Delhi


Dear Sir,


On behalf of All India Bank Employees’ Association (AIBEA), the leading trade union of bank employees in our country and its counterpart,  All India Bank Officers Association (AIBOA),  we thank you for sparing your valuable time to meet us and we wish to submit the following few important issues for your personal attention and favourable consideration.


1. Wage Revision for Bank employees and officers :  As you are aware, the revision of wages and service conditions in the banking sector is due from November, 2012.  16 rounds of negotiations have taken place between the Indian Banks Association and the Unions in the last more than two years.  But unfortunately, the issue is still lingering without resolution thus frustrating the entire workforce in the banking industry.  Everyone is fully aware that the price rise and inflation has been on the higher side in the last few years and this has seriously eroded the real income of the wage-earners.  Additionally, the banking sector has expanded in the recent years with larger clientele to serve and varied Governmental schemes to be implemented. In the absence of adequate manpower at various levels, the existing staff are over-burdened with very heavy workload in the bank branches.  In this background, the entire workforce deserves and rightly expects a fair increase in their emoluments. 


But unfortunately, the Indian Banks’ Association has been pleading on behalf of the Banks, their limitation in taking any huge burden of wage revision cost as the net profits of the Banks have been under stress due to higher provisions on account of bulging bad loans. 


While we fully share their concern, we may submit that that the Operating Profits of the Public Sector Banks have gone up from Rs. 99,981 cr in March 2011 to Rs. 116,345 cr in March, 2012 and to Rs. 121,917 cr in March 2013 and further to Rs. 127,652 cr in March, 2014.


Since the provisions for bad loans and other contingencies have increased from Rs. 55,080 cr in 2012 to Rs. 66,831 cr in 2012 and to Rs. 71,334 cr in 2013 and further increased to Rs. 90,633 cr in March 2014, obviously the net profits have come down and stood at Rs. 44,901, Rs 49,514, Rs 50,583 and Rs 37,019 crores respectively.


But it is unfair to pass on the entire burden of the bad loans and the consequent provisions for the same on the shoulders of the employees.   Hence IBA should take a holistic view and come forward to resolve the demands amicably.


Wage revision has been taking place in various public sector undertakings and very reasonable wage revision has been given.  Employees in central government and many state governments also get better wages.  Inadequate wages in the banking sector is a major demotivation and hence the expectation of bank employees and officers for a fair increase in wages in very legitimate.


Govt. should intervene:  When the entire workforce in the banking industry is making every effort to implement the various programmes of the Government including the recent Jan Dhan Yojana, when employees and officers are working under lot of stress and maximum difficulty due to manpower shortage and increased volume of work, we regret that the issue remains unresolved and the workforce is constrained to express their grievances through various protest actions which are otherwise avoidable if the issue is attended to and resolved expeditiously.


We urge upon you to intervene in the matter and advice the IBA to adopt a reasonable and fair approach and we assure that we would not lag behind in reciprocating the same so that an amicable solution is worked out immediately. Wage revision settlement brooks no further delay.


2. Regulated Working Hours for Officers in the Banks :  It will be highly appreciated that except the senior officials and Executives of the Banks, other officers and supervisory staff in the Banks are normal employees of the Banks and it is a pity that there is no regulated or prescribed working hours for these officers.  Being staff members with higher responsibilities they may not be treated at par with the workmen employees in the clerical and subordinate cadre but by no stretch of imagination, they may be expected to work in the Banks without any prescribed or defined working hours in the normal course.  As and when it is needed and warranted, officer staff do rise to the occasion but this cannot be used as a ruse to avoid prescribing and providing some broad guidelines of defined working time for the officer staff also.  This is a very vital issue which concerns the entire officer staff in the banking sector and deserves a positive approach from the Government and Bank managements to find out a workable and amicable solution to the same. 


3. Improvements in pensionery benefits :  Pension and other superannuation benefits are a very important part of the service conditions of the employees and officers.   In the Banking sector, pension benefits have been akin to Government pension rules and have been introduced on such lines.  But while there is revision and updation of pension along with the wage revision of in-service employees in the Government, there is no such provision in the Bank Employees Pension Regulations.  Employees and officers who retired from 1986 onwards continue to draw the same pension which was fixed at the time of their retirement.  Similarly, the formula of Family Pension payable to the family of deceased employees also remains unaltered in the last three decades while the same has undergone improvements in the government rules and even in RBI.  Even the demand for extending 100% DA compensation on Pension for those who retired prior to 2002 is awaiting favourable consideration by the Government. 


The employees and officers who have retired from the Banks look upon the Government and the IBA to consider their demands with sympathy.  Hence we seek your kind and personal attention to the above genuine demands and cause suitable instructions and advice to the IBA.


4.  Problems faced by Daily Deposit Collectors in Banks:   

Banks have been engaging the services of Daily Deposits Collectors to augment deposits, from the general public, since late 1970s.   The need arose to codify the incentive remuneration payable to them and hence the issue was referred to a CGIT in Hyderabad in 1980.  The Tribunal gave its Award in 1988 prescribing incentive commission with minimum Fall Back Wages at Rs. 750/- per month, Conveyance amount of Rs. 50/100 etc. and also held that the Deposit Collectors are ‘Workmen’ under the I.D. Act.  Bank managements did not accept the Award and challenged it before High Court of Andhra Pradesh and the High Court gave its judgement in 1997 confirming the Award.  Still the Bank managements did not implement the Award and chose to go to the Supreme Court on appeal. In 2001, Supreme Court also upheld the Award but the process took nearly 13 years to get the Award of 1988 implemented.   Since the incentive commission and Fall Back Wages were based on inflation level and consumer price index of 1988, the need arose to demand revision of the rate of incentive commission linked to current price-level.  Bank managements refused to concede this genuine, justified and reasonable demand and hence the demand was referred to a Tribunal in 2003.  After 10 years of proceedings, the CGIT gave its Award on 7.10.2013 revising the rate of incentive commission as under w.e.f. 19.7.2005 . 


The Central Government has duly notified the Award on 19.11.2013.  15 months have lapsed since the Notification was issued, but the Bank managements have not yet implemented the Award.  The action of the Bank Managements in not implementing the Award is unfair and illegal having regard to Section 17 of the Indl. Disputes Act, 1947.  The Government’s National Litigation Policy advisory also suggests that Awards in favour of the workers should not be automatically be challenged and invariably implemented without dragging workers from one Court to another Court.

At a time when Banks are required to reduce their high cost deposits and mobilise low cost deposits, the approach of the Banks in discouraging the Daily Deposit collection Schemes and demotivating the Deposit Collectors is unfair, unreasonable and clearly anti-labour. Hence, we urge upon your intervention to advise the IBA & Banks to implement the Award immediately to uphold the sanctity of the Award secured by the Deposit Collectors after 10 years of waiting before the Tribunal.  If there are any issue concerning the Banks in this regard, we assure to sort out the same through mutual discussions.  The matter deserves your personal attention, Sir.


5. Problems of Co-op. Bank employees and Co-op. Banks:


a. Income Tax Relief sought for Cooperative Banks

The erstwhile Union Government in the year 2006 Budget had introduced the scheme of levying of income-tax on cooperative banks, which are coming under the purview of B.R. Act.  Levying of income-tax on the profits of the co-operative banks has adversely affected the vast sections of population of our country, who belong to the economically poor and suffering masses in the farm sector.  Your Honour must be aware that the slapping of income-tax on the profits of the cooperative banks was a deplorable decision by the previous Government.  Whatever might be the pleading from all sections of people for removal of income tax on the profits of the co-operative banks, the then UPA Government did not bother about the well-meant pleadings of the various co-operators, Apex Co-operative Banks, National level co-operative credit institutions, apart from our All India Bank Employees’ Association.  All the pleadings were ignored and income tax was levied.  We would request you to please remove the levying of Income Tax on the profits of the Co-op. Banks by repealing the amendment brought to Section 80(P) of Income Tax Act.


b.   Agriculture and Rural Development Banks all over the country have been facing numerous problems including loss making situation:

We have desired that the Task Force – II recommendations headed by Prof. A. Vaidyanathan for providing the balance of Rs.3,070 crore for totally eliminating the loss making situations of these Agriculture and Rural Development Banks will have to be released not only for improving the PCARDBs, but also for improving the disillusioned conditions of the farmers of our State.


c.  Rate of interest on crop loan:

Crop loan is one of the major credit facilities given by the cooperative banks all over the country, to the extent of Rs.1,07,000 crore, which benefits mostly the small and marginal farmers and more particularly the Dalits, who are mainly dependent upon the cooperative banks for their credit needs.  Even though the ultimate rate of interest for crop loan is varying from State to State, the basic factor that determines the rate of interest for crop loan is the interest that is charged by NABARD to State Co-op. Banks for crop loan disbursement.  We desire that the NABARD shall charge not more than 2.5% rate of interest for reimbursement credit to State Co-op. Banks for being given by them to the Central Co-op. Banks and also the Primary Agricultural Co-op. Societies and finally to the farmers of our country.  By giving subsidy to the co-operative banks, both by the Centre and also by the State Governments, the ultimate rate for the farmers for getting the credit facility for the farm operations shall be at 0%.  The farmers of our country deserve to get all help and support both from the Central and State Governments.  Today the rate of interest for crop loan in many States is varying from 0% to 7%.  We would desire that the GOI may kindly give reimbursible credit to the State co-operative banks at not more than 2.5% and the present rate of interest at 4.5% by NABARD to SCBs is not only against the interest of the farmers but also against the interest of the masses of our country.


d.  Agriculture and Rural Development Banks and Primary Agricultural Co-operative Societies shall be brought under the Banking Regulation Act:

We have requested your Honour that the PCARDBs and PACS shall be brought under the B.R. Act, which would help these base-level cooperative credit organisations to get the status of Banking organisations and it would also help them to mobilize the deposits from the public for becoming resource-based banks.


e. Reintroduction of Agriculture Infrastructure Development Fund:

The earlier NDA Government provided necessary funds in the Budget for improving agriculture and increased infrastructure facility in the name of “Jayaprakash Narayan Agricultural Infrastructure Development Fund”, whereas the previous UPA Government had dismantled it, insofar as it had the name of Jayaprakash Narayan in the context of certain political overtones and the exclusive funds for agricultural development has come down.  We would request you to kindly reintroduce that the Agricultural Infrastructure Development Fund, specifically to ensure that the infrastructure development for agricultural growth is coming about in a larger extent. 


f.  Maintenance of SLR requirement – Revised instruction by RBI through its notification dt.5.6.2014.:

It was notified by RBI that the balance kept with the State Co-operative Banks as also the Time Deposits with the Public Sector Banks will not be eligible for being reckoned for SLR purposes.  The balances with the SCBs by the DCCBs will not be eligible for being reckoned for SLR purposes, effective from 1.4.2015.  Apart from this, the RBI has given instructions to increase the CRR from 3% to 4% of the Total NDTL.   However, on our representation seeking the withdrawal of the above notice on the grounds of protecting the co-operative banks, you had issued instructions to RBI and RBI through its revised notification dt.25.7.2014 has informed that for maintenance of SLR in the form of approved securities on NDTL, it shall be in a phased manner.  According to this revised notification, as on 25th July 2014, investment in approved securities as percentage of NDTL shall be for 5%.  For the year 2016, it shall be 10% and for the year ending 31st March 2017, it shall be as per the prescriptions to be done by RBI on that day.


We submit that the co-operative banks will face financial crunch, if the above order is implemented.  We would desire that with respect to maintenance of CRR/SLR by the CCBs will have to be as per the position prior to 2014.  We would request you to consider our request.


g.  Prime Minister’s Jan Dhan Yojana

Co-operative Banks of all categories must be permitted and motivated to open accounts as per the programme of Jan Dhan Yojana (PMJDY) since there are 1,20,000 cooperative credit outlets in our country.  In the PMJDY only the co-operative banks which are coming under the CBS have been permitted to open bank accounts.  We submit that suitable instructions may be given for permitting all the co-operative banks to implement the Jan Dhan Scheme of the Prime Minister and thereby 1,20,000 co-operative credit institutions would go massively for opening the accounts for the millions of India’s poor thus helping financial inclusion.


Our immense thanks  for having revived the 23 de-licensed DCCBs in 4 States:

In the States of Uttar Pradesh, Maharashtra, West Bengal and Jammu & Kashmir, 16 DCCBs in Uttar Pradesh, 3 in Jammu & Kashmir, 3 in West Bengal and 1 in Maharashtra were able to be brought into the status of getting banking licence once again through infusion of recapitalisation assistance of Rs.2,375.42 crore.  The assistance is borne by the Central Government, 4 State Governments and also by NABARD.  This is a remarkable and timely assistance which enables the 23 DCCBs in the above 4 States to get revived and also protecting the interest of the depositors and catering to the credit needs of lakhs of farmers.  While expressing our happiness in this behalf, we would further desire that the amount pronounced shall reach to the benefit of the concerned DCCBs at an early date.


6. Problems of Regional Rural Banks:


Regional Rural Banks (Grameena Banks) have been established with a view to developing the rural economy by providing, for the purpose of development of agriculture, trade, commerce, industry and other productive activities in the rural areas, credit and other facilities, particularly to the small and marginal farmers, agricultural labourers, artisans and small entrepreneurs, and for matters connected therewith and incidental thereto.  In view of above, in terms of the original Act, the capital issued by a Regional Rural Bank under Sub section (1) of Section 6, 50% shall be subscribed by the Central Government, 15% by the concerned State Government and 35% by the Sponsor Bank.


But, by way of intended amendment of the RRBs Act (Amendment) Bill, 2014 (Bill No. 188 of 2014-tabled in Lok Sabha on 18-12-2014 and passed by the House on 22-12-2014)  it has been provided to lower down the share capital of the Union Government and Sponsor Banks from present proportion of 50% and 35% respectively (total 85%), to bring it down to 51%, and the rest 34% to be provided for private share capital, keeping rest 15% optional for the State Government. This means provision has been made for 49% of private capital where State Government will opt out from the ownership.


The relevant portion of the Bill is reproduced below for your kind reference: -


Amendment of Section 6: “4. In the principal Act, in section 6,  (b) in sub-section (2), the following provisos shall be inserted, namely:—   ‘‘Provided that in case the Regional Rural Bank raises its capital from sources other than the Central Government or the State Government or the Sponsor Bank, the shareholding of the Central Government and the Sponsor Bank shall not be less than fifty- one per cent.:


Sir, in case the aforesaid Bill takes the form of an Act, the basic concept of establishment of RRB would be jeopardized as no private investor would take interest as much as taken by the Union Government for economic welfare and social development of rural people of the country.  It may kindly be noted that the role played by all the RRBs, now 56 in number, has been acknowledged and appreciated by not only the huge number of beneficiaries in different parts of the country, but also by the RBI, NABARD and the Government of India.  In view of the above, we appeal to you to see that the Bill in the form of RRBs Act Amendment Bill, 2014 is dropped and scrapped in the larger interest of  common and rural people of the country.


Merge RRBs with Sponsor Banks :  Further, when there is a lot of discussion and debate at various levels on consolidation in the banking sector, it is high time that the Government would merge the various RRBs with their sponsor Banks.  This would instantly give extra, flesh, muscle and additional infrastructure the PSBs in their expansion agenda and enable them to make further inroads in the deep rural areas which is the objective of the PSBs.  We urge upon you to take this suggestion forward by constituting a Working Group to examine this proposal.


Pension benefits to RRB Employees and officers :  In terms of the National Industrial Tribunal Award, thee is to be parity in the service conditions of the RRB employees and sponsor Banks.  But still some of the service conditions of the sponsor banks are being denied to the RRB employees.  Particularly, the benefit of pension is being denied and looking to their genuine demand, the issue needs to be considered favourably.



7. Delay in appointment of Workman Employee Directors :


In terms of the Government’s Scheme, trade union representatives are being appointed as Employee Directors in the PSBs.  The scheme provides for procedure to enable the Government to appoint the Employee Directors in time once in three years when the term is over.  However, in the recent months, in the case of Canara Bank, Union Bank of India and Corporation Bank, the appointment has been unduly delayed and hence these positions remain vacant thus defeating the purpose and objective the scheme.  We seek you intervention to expedite the appointment of Employee Directors in these Banks immediately and also to ensure that in future such delays do not recur.


We are extremely thankful to you for your kind indulgence and precious time to meet our delegation and to submit our above suggestions and problems seeking your attention and redressal.


Yours faithfully,



                                                        C.H. VENKATACHALAM                                                    S. NAGARAJAN

                                                         GENERAL SECRETARY                                              GENERAL SECRETARY

                                                                     AIBEA                                                                       AIBOA




Circular No.5/VI/2015

February 4, 2015






Dear comrades,







As conveyed to UFBU Convenor on 19th Jan, 2015 to have the talks on 3/02/2015, by the Chairman of the Negotiating Committee, the four days strike was put on hold as a consensus decision by UFBU.


True to the expressions made by the Chairman Negotiating Committee, IBA held the 16th round of discussions with all the eleven unions' representatives.


IBA team was led by Shri.Rajeev Rishi,Chairman, Negotiating Committee IBA,Shri.Ashwani Kumar CMD,Dena Bank, Shir.Animesh Chauhan MD & CEO OBC,Shri.Ashwin Mehra,DMD,SBI,Shri.Shyam Srinivasan, CEO FB, Shri.B.Raj Kumar ED I.B.,Shri M.V.Tanksale,CEO IBA, Shri.K.Unnikrishnan Dy.CEO IBA besides other HR officials.


While initiating the discussions by Chairman Negotiating Team, he advised the chairmen of the three sub committees to keep abreast the developments in the meetings held on 14th and19th Jan, 2015 for the benefit of the members of the full committee. On the much vexed issue of %age hike, IBA insisted UFBU to reduce the % of PSCs to enable to clinch the matter, as the IBA has committed to conclude the discussions by 15th Feb,2015.


UFBU constituents were very firm and insisted IBA to respond, as the deferment of action programmes were at the behest of IBA on 19thJan,2015. The exercise of see saw continued for considerable time. Ultimately IBA came out with a meager offer of 0.5%,thus rounding it off to 13% of PSCs and abruptly closed the dialogue.  Hence the crucial talks ended with belied hopes. After thorough assessment of the situations, the nine constituents of UFBU felt and resolved to revive the put on hold exercise of 4/5 days strike action followed by the indefinite strike from16th March 2015.


The following programmes are to be adhered to by the entire work force.

9th February 2015

Centralised Demonstrations at all centres

13th February 2015

Centralised Demonstrations at all centres

20th February 2015

Badge Wearing & Demonstrations

23rd February 2015

Press Meet in all State capitals

24th February 2015

Centralised Demonstrations at all centres

25th to 28th February 2015


2nd to 14th March 2015

Further preparatory programmes

16th March onwards




 Comrades, we are reasonable and also restraint in our approach in the negotiations consistently. Our approach is being viewed/assessed as our weakness. The sternness on the part of the IBA and Government combine have been firmly reflected from the abrupt closure of the dialogue by Chairman Negotiating team of IBA.


The present situation has been forced on us. An united, disciplined and focused  struggle is the  only answer to realise the increase in PSCs along with other two key issues viz; Regulated Working Hours and 5 day working.






With fighting greetings,


Yours Comradely.




Circular No.4/VI/2015

January 20, 2015









Dear Comrades,


v       Four days strike put on hold

v    One step backward and two steps forward – our approach

v    Aim to achieve a satisfactory conclusion of 7th Joint Note


Further to the earlier meeting of Officers Sub committee on 14th January 2014 at Mumbai, to finalise  the collective approach on the Hospitalisation Scheme, a meeting was held on 19th January 2015 at IBA Office Mumbai.


2.         The sub committee on Hospitalisation scheme was headed by Shri Arun Tiwari, Chairman, Union Bank of India, Shri Shailesh Verma, CGM, SBI, Shri B.S.Shekhwat, GM, Central Bank of India, Shri M.V.Tanksale, CEO, IBA, Shri K.Unnikrishnan, Dy.CEO, IBA, besides the officials of HR department of IBA.  The General Secretaries of all the Negotiating unions had participated.


3.         It has been submitted emphatically from the Unions side that :


            [a]        Workforce will continue to deal with the Bank only.

[b]                   [b]  Wherever the existing schemes are better than the Industry level understanding that should not be disturbed.  It was expressed that the existing scheme        available at Bank of India and State Bank of India are better in content.

[c]                    [c]It has been agreed to include Domiciliary treatment and the new inputs submitted by the Union.

[d]                   [d]Ways and means to include the workforce after they superannuate from the employment of the Banking Industry and also family pensioners to have hospitalisation coverage.


4.         4.     While folding up the meeting, it was expressed that efforts will be made to roll out a better scheme in the current wage revision exercise, by appropriately including the suggestions received from the unions.


FOUR OFFICERS’ ORGANISATIONS MEETOn 19th afternoon, the representatives of Four Officers’ Organisations met to take the stock of the situation and also to present the view points of officers’ organisation in the UFBU meet held in the evening.  It was felt that the offer of increase gained so far is certainly falling short of expectation.  Regulated working hours, 5 days week and improvements in the Disciplinary and Appeal Regulations are to be clinched in the present exercise.  Every effort should be made to take forward the call of agitation by a unanimous decision of UFBU.  Com.Alok Khare, Vice Chairman, Com.S.S.Shishodia, President and the undersigned participated in the meet.


5.         UFBU MEET


The UFBU meeting was held at State Bank of India, Overseas Branch, World Trade Centre, Cuffe Parade on 19th January 2015 at 17.30 hrs.  The meeting was chaired by Com.K.K.Nair, Chairman, UFBU.          


The representatives of all the constituents of UFBU attended  this important meeting.  AIBOA was represented by Com.Alok Khare, Vice Chairman, Com.S.S.Shishoida, President and the undersigned in the meeting.


The meeting deliberated in detail the events right from CLC[C] meet at Delhi on 5th January 2015, followed by the twists and turns in the scenes unfolded in the IBA meet on 6th January 2015 and ultimately arriving at the unanimous decision to defer the strike on 07.01.2015, in the background of the assurance of IBA to convene the meeting within 10 days to take forward the discussion for conclusion by mid February 2015.


In view of the Chairman, Negotiating team IBA interacting with the Convenor UFBU expressing and sharing the concern to arrive at the conclusion of the wage negotiation, , communications emanated from IBA to Convenor on two successive days assuring to conclude the wage revision exercise by mid February 2015, made the collective decision of putting on hold the 4 days strike action as an interim step.  It was also decided that in the event of IBA failing to revise upwardly / substantially, the percentage in PSC, in the proposed meeting, subsequent to the Managing Committee of IBA in the first week of February 2015, the constituents have unanimously resolved to implement the continuous strike action of 4 / 5 days in the month of February 2015.


It was also decided to prioritise regulated working hours and 5 days a week along with the clinching of the impending wage revision.



To make it amply clear, that the meetings held on 14th and 19th with “officers and “workmen organisations were issues listed in the Charter of Demand and not the quantum increase of “payslip components”.


Please don’t fall prey to the false messages spread by individuals / certain vested interests to wreck the solidarity of the TU’s in the Industry, which is the forerunner for the “Central Trade Unions” in the country.


We all have to preserve, protect and promote the unity, as the attacks on jobs and job security is going to be with more velocity and sharpness, in the background of “Gyan Sangam” held at NIBM, Pune in the first week of January 2015.


With preparedness to face the challenges.


Yours comradely,





January 15,2015






Dear Comrades,





While concluding the 15th round of discussions on 7th Jan,2015,it was mutually agreed to discuss the issues listed in the charter of demands of respective categories in a small committee and also the Hospitalisation Scheme. Accordingly, three committees have been formed by IBA to address the issues pending for resolution and the information was also released by IBA in this regard.


In this background, the subcommittee to address the issues of the officers met on 14th Jan,2015 at IBA office, Mumbai. IBA team was led by Shri. Ashwini Kumar, Chairman Dena Bank, Shri. V.S.Krishna Kumar, CEO Canara Bank, Shri. Shalilesh Verma, CGM, SBI, Shri. M.V.Tanksale CEO IBA, Shri.K.Unnikrishnan.Dy.CEO IBA ,besides officials of HR department of IBA.


The officers' subcommittee was led by Com.K.K.Nair,Chairman UFBU/General Secretary INBOC, Com. G.V .Manimaran, Vice President AIBOC, Dr.S.U.Deshpande,General Secretary NOBO besides the undersigned representing our organisation.


In three hours long discussions, the following issues have been taken up for a detailed presentation from our side. [1]. Discipline and Appeal Regulations- Amendments,[2]. Regulated Working Hours and [3]. 5 days working.


 On Discipline and Regulations, this round of discussion is second sitting, which centered around the implementation of the earlier decisions of IBA pending with Government ie CVC jurisdiction to Board level appointees and one level below the board level appointees, time limit for the disposal of the Appeals and submission of the Appeal by the officer directly to the Appellate Authority instead of routing through Disciplinary Authority, guidelines on Revocation or continuation of suspension, classification of Misconduct, Effects of Punishments, Removal of the restriction on number of cases to be handled by Defence Assistance, extension of defence by Retired officers etc were presented by the team. A special emphasis was placed that the Accountability Policy in the matter of credit decisions should be more of officer friendly to facilitate the officers to take decisions to develop the business of the Banks. The experts engaged by the Bank ie Legal Advisers, Valuers and CAs are in one way or other instrumental in the retail advances getting into crisis in most of the Banks. Officers are to be protected from this work situation prevailing by and large in all Banks.


On Regulated working hours for officers, a detailed document supported by the communication from government of India, RBI decision to have flexi hours with 8 hours of work and IDBI circular on the captioned subject that 44 Hours of work per week was presented to the IBA team. Our presentation was more focused to evole a scientific manpower policy and also exploring the possibility of technology enabled solutions for completing day end activities at the back office. There were strong observations about the officers not staying in the headquarters and also the branch functioning on consecutive holidays by the IBA team. Our team was more emphatic for defined working hours rather than for any alternative compensatory concept to be brought in as a part of the package.


On 5 day working, it was informed  by the IBA team that Chairman IBA has already taken up with Government and development in this regard will be communicated to us in due course of time. While folding up the discussions, at the end, there was an Appeal made by the CEO IBA that the proposed strike action would alone precipitate the solution to the situation. It was further informed that the proposals would be placed before HR Committee of IBA and subsequently to be placed before Management Committee for arriving at an appropriate understandings.


Comrades, we have been given to understand that there is a communication emanated from IBA addressed to the convenor UFBU, assuring to arrive at the conclusion of the present wage revision discussion on 15th Feb,2015,which was also earlier expressed  by Shri. Rajeev Rishi, Chairman, Negotiating Team IBA on 7th Jan,2015. The other two sub committees are scheduled to meet on 19th Jan 2015 at 10.30am and other one at2.00 pm at Mumbai. UFBU has convened a meeting at Mumbai on 19th Jan 2015 at 5.00pm to take stock of the situation.


AIBOA stands for clinching the issue of Regulated Working Hours,5 days working, Amendments to Discipline and Appeal Regulations and Reasonable and Respectable wage increase commensurate with Risk, Responsibility, Accountability and Transferability of officers community.


Await for further communication,


Yours Comradely,



Circular No.2/VI/2015

January 8, 2015








Dear comrades,


Ø           WAGE REVISION –15th ROUND




Prelude to the meeting at IBA office on 6th January 2015, CLC[C] convened the meeting of UFBU and IBA to break the deadlock after the November 12,  and 4 relay Zonal strikes in the first week of December 2014, on 5th January 2015 at 15.00 hrs at  New Delhi.


AIBOA, was represented by Com.S.S.Shishodia, President and Com.Sanjay Khan, Joint Secretary in the conciliatory meeting.  On behalf of the Unions, it was submitted that the action of the IBA seeking the revisiting of the mandate by member Banks was highly provocative one resulting in announcement of the strike action on 7th January 2015.  IBA has expressed that the action initiated was based on the Managing Committee decision.  However, IBA expressed their desire to have further discussion on 06.01.2015 itself.


Keeping alive the spirit of bilateralism, it was decided to participate in the 15th     round of discussion on 6th January 2015 at 15.00hrs.


A ray hope on 6th January 2015 discussion:


In the discussion held at Mumbai on 6th January 2015 IBA team was captained by Shri Rajeev Rishi, Chairman, Negotiating team [CBI], Shri Ashiwini Kumar, Chairman, [Dena Bank], Shri Arun Tiwari, Chairman [UBI], Shri Ashwin Mehra, DMD [SBI], Shri B.Rajkumar, ED [IB], Shri M.V.Tanksale, CEO [IBA], Shri K.Unnikrishnan, Dy.CEO[IBA] and officials of HR Department, IBA.  11 Unions have participated in this round also.  While sharing the developments in the Banking Industry, on wage issue, they initially proposed 0.5% increase and in turn insisted to bring down our demand substantially.  After protracted discussions amongst the representatives, backwards and forward, for a period of nearly three hours, in response to the IBA offer of revised offer of 12.5% to take forward the talks further, the demand stands revised to 19.5% from our end.


Keeping in view of the “a step forward” development, the intention to shelve the issue of revisiting mandates by IBA after a due process and to continue the discussion on 7th also resulting in, deferment of the  one day strike action on 07.01.2015.


Discussion continued on 07.01.2015:


The adjourned dialogue process commenced at 10.45 hrs.  Keeping the trend of discussion and the developments, Unions insisted for expeditious conclusion of the talks within a time frame with substantial enhancement in the % of PSC.  While   responding Chairman Negotiating team IBA, expressed that the discussion to take a definite shape by mid February by holding periodical discussions and agreed to sort out the issues by constituting small committees.  The issues listed for discussions in the small committees are :


[a]          [a]  Hospitalisation scheme backed up by Insurance tie up , without any ceiling.

[b           [b]  Regulated working hours, Discipline and Appeal Regulations, 5 days working etc.

[c]          [c]   Issues of award staff / officer staff listed in the Charter of Demands.


Discussion on Pension:


The issue of Family pension, 100% DA for retirees prior to 01.11.2002 and also updation of Pension were taken up, besides restoring the “old pension scheme” for the new recruitees joined the services of the Bank after 01.04.2010.


IBA, while sharing their concern to resolve the matter of reitrees, ultimately expressed that the quantum of money counts to decide these issues in totality.


The future programmes of actions depend upon positive, satisfactory and sincere reciprocal approach in the discussion expected to be scheduled to take place shortly.


Hence a small step towards possible resolution.


Yours comradely,





Circular No.1/VI/2015

January 1, 2015







Dear comrades,




Ø        IN 2015 – WE ARE TO HAVE THREE L’s.


A mere stroke of a midnight clock does not intrinsically effect any change.


The global meltdown of 2008 still continues to dominate the International Economic scene and the USA continues to reel under serious economic pressures.  Terrorism abated by USA in destabilising various countries viz., Arab Nation, Syria and Israel.  Due to internal strife, the peace otherwise prevailing in the African Nations are slowly disappearing.  European Union is consistently interfering in the internal matters of Ukraine and the peoples’ desire to realign with the independent Russia is derailed by promoting destabilisation process.  Tamils living in Srilanka continue to suffer from atrocities committed against them and the repeated appeals from the centre to provide relief has been conceded after considerable time lapse. International diplomacy has paid limited and delayed response to relieve the pains of the Indians living in Srilanka.  Pakistan, a country controlled indirectly by Military backed by civilian group sworn by democracy, but often thrown out by continuous upsurge of one or other group to kill the peace loving citizens of  that country.  The recent massacre of 132 children in the school premises by extremist   was condemned worldwide,


Let’s Look at Acts of departures within our Nation:


The people’s belief that “good days are ahead” after the  massive corporate high voltage campaign giving the mandate to BJP with “282” MPS, as the single largest party after 30 years of coalition politics, slowly evaporating due to loss of faith in the good governance, an oft repeated slogan.  GDP rate has come down by ½%.  There is a recession and industrial production is continuously slowing down.  The promise of publishing the names of black money holders remains unfulfilled.  The impression gained in G 20 and subsequent action of accepting the conditionalities stipulated by USA depicts the reality vis-à-vis impression.  The reduction in spending in the social sector is demonstrating the shift in the policy of the Government. NREGP programme being skewed, leading to large scale disapproval from the rural masses. The subsidy available to consumers is linked to unique AADHAR scheme, adding lot of work at various delivery points. The subsidy available on consumption of kerosene was totally withdrawn unmindful of protest from the people living below poverty line. The concept of Self Help group and the benefits granted are given go bye. Practically SHG have been dismantled.


Labour is at the receiving end.  More liberal laws favouring private entities are forcing the Trade Unions to close their ranks and struggle to retain the present position in the country.  Even the TU having the direct relationship with the ruling Government experience the heat of strangulated working conditions.  The massive conversion carried out by religious outfits in Northern part of country and silent support by the ruling group  and the retaliatory moves by other group of minorities likely to throw a new regime of instability forcing the “TUs” to play the role of catalyst to maintain religious amity and tolerance. Ordinance route is best way of escaping to face the democratically elected members questioning the proprietary of the action of promulgation.  Insurance sector allowed to be utilised by FDI prior to Shri Obama’s visit to India on 26.01.2015, dismantling the 65 years old planning commission and also abolition of collegium to select the people to occupy the office of judiciary are some of the glaring acts of departures in the past year.


In our Banking sector, bad loan burgeoning is creating tremendous pressure on the working of PSBs.  Court intervention is being sought to define ‘wilful default” of Bank loan.  The great Indian Bank robbery is taking place, bending the rules to accommodate the defaulters by all concerned and ultimately “PSBs” are blamed for the ills of the system in the financial sector as a whole.  Leaving the major stake holder in the “Gyan Sangamam” on 2nd and 3rd January 2015 at NIBM, Pune, Maharashtra, is clearly reflecting the least importance to the TUs operating in the Banking system, by the present rulers, who are strong proponent of “new reform era” without any iota of doubt.


Bank men positively responded to call of financial inclusion from August 2014 till date adding 10 crores accounts and collecting a sum of Rs 8000 crores as deposits by working relentlessly, unmindful of the problems faced by them. Further the impending merger of ING Vysya with another private sector entity, much against principled stand of the unions and also of past practises of the controller of the Banking system. Initially invested a sum of Rs 600 crores or so and repatriating much more they deserve to square up the position in their mother country is also against the approach of the present ruling dispensation of attracting FDI to develop our nation.


The much talked “wage revision” inspite of increasing “gross profit” year after year, eluding a solution after 26 months establish the rigidity of owners/controllers and IBA, as if the workforce is disentitled to have the compensation relating to risk, responsibility, accountability and transferability. We need to seriously take lessons out of our experience to set the tone of negotiations in proper way.


If we need to have this year 2015 to be year of change, technology alone will not make us better and more engaged representative of the citizens of this Nation. We need to LEARN, LISTEN and also to LEAD the People of the country to brighter days through united struggles to have an exploitation free society and secured working environment to all.



Yours comradely,