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Circular No.26/VI/2016

September 2, 2016



 ALL UNITS / STATE COMMITTEES                                                          


Dear comrades,






It was exactly a year back, we observed the strike, demanding the welfare of the Nation and also for the workers, who are contributors to build our Nation to this level during the last 69 years. Though a committee was constituted by the present government, who are votaries of Private sector in all walks life, failed to address the  issues covering our Industry..

1. Ensure Employment

2. Assure Jobs and Jobs security.

3. Enhance Minimum Wages to Rs 18000/-

4. Withdraw retrograde Labour Laws.

5. Honour ILO Resolutions.

6. Enact effective Laws to Recover the Loans from Defaulters.

7. Expand Public Sector Banking.

8. Arrest the revisiting of East India Company in the guise of FDI

     in Defence, Railways, Insurance, and Banking.


The reports are flowing in full measure that the voice of dissent of the 15 crore people has reflected in the form of total observance  of the strike throughout the country. Our Sector, the nerve centre of economic activities, has once again proved its performance. AIBOA and AIBEA along with like-minded trade unions in our Industry, visualising the subtle attacks, were repeatedly placed to prepare collectively to halt the attack of the Government right from April 13,2016. There are some unions coming under the pressures of the Government management combine, as usual, demonstrated their helplessness to identify with the struggling people.


The seething anger of the garment workers of Bengaluru should be an eye opener to the Government. In the name of reforms, the best practices followed in our nation is substituted to facilitate Private and Corporates to gain the control of the wealth of the Nation. Hence the struggle of ours is to preserve the Nation, Nation Building Instruments through Public Sector Institutions, and also the rights won through the various struggles are to be preserved for a better tomorrow for the GENNEXT.








Yours Comradely,





Singapor Plaza, 164, Linghi Chetty Street, Chennai-600 001


A.K.Nayak Bhavan, 14, 2nd Line Beach, Chennai-600 001


CIRCULAR TO ALL UNITS                                                                                                                                                                                             11th August, 2016


Dear Comrades,







All of us know that AIBOA was founded by AIBEA in the year 1981 out of the experience and necessity for such an Organisation and with a clear purpose, objective and vision to build a vibrant composite movement of employees and officers.  In the last three and half decades, AIBOA has grown in this background and today, it is the second largest officers organisation in the banking industry.  In some of the Banks, AIBOA units are in majority and in some other Banks, it has substantial membership but it has not developed to the expected and desired level in all the Banks. 


We are aware that there is an inherent and intrinsic duality in the role and duties of the officers and the workmen in the banks, yet we have to develop a composite trade union movement of employees and officers under the twin banners of AIBEA & AIBOA. 


In the banks the roles may be different but as employees working in the banks we face common attacks from common enemies with their common objective.  Hence there is a imperative necessity to build up a composite trade union platform to face the multiple challenges. 


It is all the more necessary in the present scenario where the challenges are increasing and hence the urgency of the task.  In developing such a joint movement with common perception and perspective, we are conscious that there are impediments in achieving our objectives due to ground realities and our distinct organisational structure and strength.


All these impediments, difficulties, differences and gaps get manifested to some degree or the other when we function jointly either at the grass root level or at the organizational level.  But these cannot lead us to the conclusion that that it is impossible to achieve the objective that working together works.


Beyond all these differentiations of designations, role and responsibilities and functional demarcations, there is an underlying commonality in the attacks and challenges that we face at the hands of the Government-management combine.  Hence unless we consciously take efforts to underplay the gaps and differences and overplay the need for moving together more often than not, we shall miss the wood for the tree.  


Three and a half decades is quite sufficient a time to look back and take an assessment of the deficiencies that we experienced in building up a strong AIBOA and a strong bondage of moving together.  We have the experience where in some of the banks AIBOA union is also the majority union and both our organizations are moving together. We also have examples where our workmen organization is in majority and our officers union is not and yet they are moving with proper understanding and cohesion.  We also have examples of banks where we do not have AIBOA union at all.  It is high time that we take cognizance of the hurdles and deficiencies in strengthening AIBOA at the industry level and also in each bank. 


It is necessary to believe that strengthening AIBOA is strengthening AIBEA itself.  A strong AIBOA will be very very crucial in our emerging struggles when serious types of attacks have to be fought back.  Since these attacks would be of fundamental nature, organizations with proper trade union orientation and ideology alone would be able to put up an effective fight and from this point of view the united line of action by AIBEA – AIBOA would be a pre-requisite in building up a strong AIBOA and in developing better understanding, co-ordination and cohesion. 


We need to revive these attempts  and re-start our exercise on a continuous basis to achieve better cohesion and co-ordination.


Our founding fathers envisioned a path-breaking and path-finding role under the twin banners of AIBEA and AIBOA.


Further, for the fact that AIBEA founded AIBOA, it becomes incumbent on the part of all us to work for the strength of both our organisations. Thus it pre-supposes an element of mutuality in running our organisations under the banners of AIBEA and AIBOA.


It is our experience in the last three and half decades that implementation and practice of twin banner concept has been different in different banks and in different degrees. 


The efficacy of twin banner being two sides of same coin lies in the fact that whether we are employees or officers, we are subjected to the same wage exploitation from the same set of exploiters, with the same set of policies and hence our struggles against that has also to be combined notwithstanding the reality that the role of these two different sections of workforce are different in the workplace.  This philosophy of AIBEA and AIBOA needs to be percolated down to our rank and file in the days to come more consciously and systematically.


The importance of AIBEA and AIBOA working and moving together was the highlight of the recent Joint Central Committee meeting held at Hyderabad on 4th and 5th August, 2016.


In order to move towards our objectives, the meeting decided to undertake various measures as under:











  1. COM. P.K. DAS


President and General Secretary of AIBEA and AIBOA will be ex-officio members of this Committee.

  1. Joint Sub-Committees at State-level and All India Bankwise-level.

Similar Sub-Committees are to be formed in all the States as well as All India Bankwise level in order to move together.

  1. Joint Executive Committee meetings:

Atleast once in an year, Joint Executive Committee meeting should be held in every State and in every Bank.

  1. Co-ordination meetings:

AIBEA and AIBOA will hold Co-ordination meetings with the leadership of AIBEA-AIBOA units in each Bank to discuss and workout methods to improve the co-operation and strengthen of our joint movement in all Banks.



The 7th Conference of AIBOA is being held in Hyderabad from 17th to 19th December, 2016 preceded by Young Officers Convention on 16th December, 2016.  Entire Central Committee of AIBEA is invited to attend this Conference. 


Similarly, the 28th Conference of AIBEA is being held in Chennai from 8th to 11th January, 2017.  The Entire Central Committee of AIBOA is invited to attend this Conference.


Comrades, times are changing. There are increasing challenges and attacks.   There would no short-cut to face these offensives.  Unity and united actions alone would help us to fight back.  In that, AIBEA and AIBOA would have to distinctly move together.  As harbingers of unity, let us move together.


With greetings,

Yours comradely,


                        S. NAGARAJAN                                                                                                                       C.H. VENKATACHALAM                                        

                   GENERAL SECRETARY                                                                                                            GENERAL SECRETARY

                                 AIBOA                                                                                                                                              AIBEA





CIRCULAR TO ALL UNITS                                                                                                                                                                     11th August, 2016


Dear Comrades,


  • March on to make National General Strike on 2nd Sept. 2016 a total success in the Banks


  • Oppose anti-worker labour reforms


  • Clarion call from AIBEA and AIBOA



All our units and members are aware that the Central Government is vigorously pursuing their policies of labour reforms aimed at weakening the labour laws in favour of the capitalists, corporates and employers and to the detriment of working class.  These measures are part of their neo-liberal economic policies which are aggravating the problems of the workers and common masses.

Some of the aspects of the policies and proposals of the Government are as under:

·        Amending all labour laws to empower the employers with unfettered rights to “hire and fire” 

·        Stripping the workers and trade unions of their rights

·        Unlimited FDI in strategic sectors like Railways, Defence and Financial Sector.

·        Farmers’ right to land and agri-workers’ right to livelihood are being sought to be drastically curbed and curtailed.

·        EPF and ESI schemes are proposed to be made optional

·        Attempts to dismantle the basic social security structures available to the organized sector.

·        The Govt. has not taken any step to curb price rise of essential commodities

·        Failure to generate adequate employment

·        Weakening public distribution system.

·        Various State governments have brought about drastic anti-workers changes in basic labour laws viz. Industrial Disputes Act, Contract Labour (Regulation & Abolition) Act, Factories Act and Apprenticeship Act, Trade Unions Act etc.

·        Proposals for new Small Factories (Regulations of Service conditions) Bill which prescribes that major 14 labour laws will not apply to factories employing upto 40 workers.

·        Labour Code on Wages Bill and Labour Code on Industrial Relations Bill which under the cover of amalgamation seek to make registration of unions almost impossible,

·        Making retrenchment of workers and closures of factories easy.

·        Amendment Bills have been put in public domain without consulting the trade unions thereby violating the provisions of ILO Convention 144 on Tripartite Consultation.

·        Inaction in implementing the consensus recommendations of 43rd, 44th and 45th Indian Labour Conferences on formulation of minimum wages, same wage and benefits as regular workers for the contract workers and granting status of workers with attendant benefits to those employed in various central govt. schemes like anganwadi, mid-day-meal, ASHA, para-teachers etc.

·        Curtailed budget allocations to all centrally sponsored schemes meant for poor peoples’ welfare.

·        Refusal to ensure minimum wages of not less than Rs. 15,000 per month with indexation and universal

·        Denial of Pension for all including the unorganized sector workers

·        Reluctance on compulsory registration of Trade Unions within 45 days and ratification of ILO Conventions 87 and 98.

·        Denial of Bonus for all and removing the ceiling under the Bonus Act

·        Refusal to improve the ceiling under Gratuity Act

 Increasing attacks in Banking Industry:  Banking industry is no exception.  In the Banking industry, we are already aware of the Government’s continuous attempts to push through their reforms agenda aimed at privatisation of banks, consolidation and merger of Banks, etc.   RBI has announced ‘on tap’ bank licensing policy to allow more and more private banks.  Licenses have been given to big corporate houses to start ‘Small Banks’ and ‘Payment Banks’.  More and more private capital and FDI are being encouraged.  Banks are sought to closed in the name of mergers and consolidation.  Efficient and well-performing Associate Banks are sought to be closed and merged with SBI.

Bad loans have increased alarmingly to the extent of Rs. 13 lac crores.  Instead of taking tough measures to book the culprits and recover the money, more and more concessions are being given to the defaulters.  In the name of ‘cleaning Balance Sheets’, all these huge bad loans are sought to be taken out of public glare to silently write them off.

Regional Rural Banks are sought to be privatised and the Bill has already been passed by the Government in the Parliament despite protests by our Unions. Primary Agricultural Co-operative Societies (PACs) are under threat of winding up. Urban Co-operative Banks are under threat of delicensing. Co-op. Banks are being forced to divert their SLR investments from Apex Banks thus reducing their capacity to re-finance lower tiers of co-op. banks.

Private sector executives are imposed on the public sector banks.  All the Government schemes are being imposed on the Banks without proper infrastructure and manpower resulting harassment and problems faced by the bank staff.  Bank officers are being denied regulated working hours.  Permanent and regular jobs are being outsourced on contract basis and contract employees are being exploited.  Contract employees’ basic rights are being denied.

In this background and scenario, Central Trade Unions organised a National Trade Union Convention of all trade unions including unions in Banks, Insurance, public sector, defence sector Central and State Government departments, etc.  The Convention has given the call for National General Strike on 2nd September, 2016.   

Hence it is necessary and imperative to join the general trade union movement and register our protest against these anti-worker policies of the Government.

  •  Accordingly, the joint call has been given to observe All India Strike in all the Banks by all our units and members on 2nd September, 2016.

  •  All Our members are exhorted to join the local conventions, meetings, processions, etc. being organised by the central trade unions.

  •  Hold joint demonstrations on 1st September evening and on the strike day at all centres.


We call upon all our members to make the strike a grand success.

With greetings,

Yours comradely,


                        S. NAGARAJAN                                                                                                                                    C.H. VENKATACHALAM                                        

                   GENERAL SECRETARY                                                                                                                           GENERAL SECRETARY

                                 AIBOA                                                                                                                                                             AIBEA

Circular No.19/VI/2016

July 29, 2016












Today Banking transactions throughout the country have been brought to a grinding halt, a strong message sent to the authorities at all levels including the Government at the centre.  A quarter century ago [1991], the then Government at the centre succumbed to the pressures of international monetary agencies and its effect on our country is insurmountable.  Liberalisation, Privatisation and Globalisation [LPG] have taken a toll on our National economy and because of the various resistance movements were undertaken by the trade unions had created speed breakers to the regulator [RBI] and the Governments.  The cumulative benefit accrued was the safe journey of our Banking system in the midst of the Global economic crisis in 2008.  Our Banking system is based on savings intensive and not capital intensive.  One dozen Private Banks have appeared in the first decade of reform period and hardly couple of them remain alive, but not out of the danger in the matter of bad loans.


The present Government at the centre is certainly reluctant to recover the bad loans of RS.13 lac crores from the wilful defaulters, majority of them are corporate borrowers.  52% of the population is not having Banking access, the controller repeatedly claims.  Banking workforce as per the call of the first and oldest trade union organisation of banking industry completed the task of spreading the wings to envelop 22 crores of the people under financial inclusion and collected Rs.40000 crores as per the Government records.  There is a need to have Banking expansion through brick and mortar basis for every 2500 population.  Against this mergers and consolidations is being contemplated.  5 Associate Banks are attempted to be merged with more than 2 century old SBI to make their present market share from 18 to 23%.   IDBI Bank, basically a developmental financial Institution, due to corporate borrower’s non-repayment of loans, the threat of privatisation hanging like Damocles sword on the officers and employees.  Assurances made in the Parliament are given a go bye by the present rulers.  The huge public savings of Rs.116 lacs crores is attempted to be handed over to private corporates thereby taking the Banking to pre 1969 era.


Hence, men and women, substaff to executive cadre working in more than 80,000 branches of rural, semi-urban, urban, metro centres have brought the banking activities to grinding halt thereby demanding the Government at centre to urgently enact recovery laws to collect the bad loans, expand the branch banking, put a halt to the associate banks merger with the SBI and honour the assurances doled out to the Nation in the matter of non-privatisation of IDBI.


Today’s strike call by banking workforce is to protect the saving of the people, preserving the national economy from the invasion of FDI and halting the attempts to handover the public savings to the corporate delinquent.  The first step of the resistant movement against the ill-advised approach of the Government.  The repeat actions are inevitable if the owners fail to notice the seething anger of the workforce.


Well-done, we have done our patriotic duty in saving the country from a financial disorder.


Red Salutes to one and all.


Yours comradely,





Singapor Plaza, 164, Linghi Chetty Street, Chennai-600 001


A.K.Nayak Bhavan, 14, 2nd Line Beach, Chennai-600 001

CIRCULAR TO ALL UNITS                                            

16TH June, 2016


Dear Comrades,


  • AIBEA-AIBOA decide to plunge into immediate action to oppose attempts to denigrate Public Sector Banks and to protest against proposed merger and consolidation of Banks with a view to divert the people’s attention from the Himalayan bad loans in Banks .


  • 12th July, 2016 – All India Strike in 5 Associate Banks

  • 13th July, 2016 – All India Strike in ALL BANKS



All our units and members are aware of the increasing attacks being heaped on the public sector banks and the challenges faced by the PSBs. 


In the name of banking sector reforms, the attempt is to privatise the Banks and hand them over to the private corporates to enable them to further loot the precious savings of the people.


The attempt is to consolidate the Banks to make them bigger with a view to globalize them instead of expanding the Banks and reach the common people within our country. 


Already our Banks are bleeding due to alarming increase in bad loans, thanks to the deliberate default by the corporates and big business enterprises.   Instead of taking tough measures to book the culprits and recover the loans, efforts are taken to hand over the banks to very same defaulters.


It is very clear that all their talks of banking reforms and proposals of merger and consolidation are only a ploy and gameplan to divert the attention of the people from the massive bad loans in the Banks.


Our country needs strong public sector banks and not necessarily big banks or global-sized banks.  Our country needs banking expansion and not consolidation of banks and shrinkage of banking services to people.


The focus should be the alarming increase in bad loans to the tune of about R. 13 lac crores. The efforts should be to recover the money by taking stringent measures and not hush it up through provisions, write-offs, CDRs and SDRs.


If the loans have been sanctioned wrongly, action should be taken on the concerned Executives.  If the borrower has cheated the Banks, criminal action should be taken against the defaulter.  


Providing for the bad loans, clean-up of Balance Sheet and making the Banks to incur the losses is not the solution to the problem.  It is obvious, all these are only diversionary tactics to escape from the accountability for the huge bad loans. 


Kingfisher Mallya is only the tip of the iceberg.  There are many more sharks in the ocean of bad loans in the Banks.  Why the list of defaulters is not being published by them?  Why criminal action is not taken on the willful corporate defaulters?  Why all velvet treatment to them?  Why the attempt to convert the bad loans as equity investment in these defaulter companies?  Is it the corporate governance and good governance policy of the Government ? 


In IDBI Bank, 10 years ago, about Rs.9000 crores of bad loans were taken out of their books.  Now another Rs. 19,000 crores is the bad loan.  Instead taking action to recover these bad loans, the Government wants to privatise and sell the Bank to the very same private sector which is responsible for these huge loan default in IDBI Bank.


Hence AIBEA and AIBOA have decided to plunge into immediate action to oppose attempts to denigrate Public Sector Banks and protest against proposed merger and consolidation of Banks with a view to divert the people’s attention from the Himalayan bad loans in Banks .



20th June

Demonstrations in all centres all over the country

30th June

Dharna in all State Capitals

12th July

All India Strike in the 5 Associate Banks

13th July

All India Strike in all the Banks


Comrades, while we are proud that we fought and achieved nationalisation of Banks, it is equally our duty to fight against the attacks on public sector banks.  People’s money cannot be allowed to be looted like this. Public Sector Banks should be saved.  They are nation building institutions.  They must remain so.


It is time to move, time to fight.  We exhort all our units and members to carry out the programme successfully and make the strikes a total success.


With greetings,

Yours comradely,  


                                              S. NAGARAJAN                               C.H. VENKATACHALAM                                        


AIBOA                                                   AIBEA


Circular No.11/VI/2016

May 25, 2016











As rightly assessed from the time of the present Government assumed office, one of the prioritised agenda consistently pursued was reforms in the Financial Sector.  Before assuming the office, the tailor made report of P.J.Nayak Committee was published thereby the directions were set to be taken forward.  It got accelerated further by holding GYAN SNAGAM I in January 2015 followed by INDRA DHANUSH in August 2015 and GYAN SANGAM II in March 2016 highlighting the ills and to remedy the situation consolidation of Banks is the only solution.  Ballooning of bad loans and its reflections on the Balance Sheets of various Banks, hope, need not be explained at present


The loan default from the Corporates is main the cause for the proposed move of Privatisation IDBI through dilution of equity.  The assurances given repeatedly in the floor of Parliament have been thrown to winds.  The interview in the electronic media by the responsible representatives of the Government cause serious concern to the entire workforce.


The nine constituents met at Hyderabad on 11th May 2015 and unanimously decided to observe series of programmes culminating in a days strike on 29th July 2016 by the entire workforce in the Banking Industry.  But, the sudden move made through SBI administration to step up the pressures for swallowing the five Associates by SBI to enable them to upgrade the market share from the present level, was a bolt from the blue.  The workmen in 5 Associate Banks [SSBEA] repulsed back the move by observing the Strike on 20.05.2016.


The fast forward movements are to be stonewalled in a quick way as the jobs and job security of the human assets are at stake.  Our organisation along with AIBEA has addressed a communication to UFBU to prepone the date of strike.  The said communication is annexed overleaf.








Yours comradely,




[Centra Office: CHENNAI]



[Central Office: CHENNAI] 

25th may, 2016



UFBU, Hyderabad


Dear Comrade,


After the rightful decision of the UFBU at its meeting held on 11.05.2016 at Hyderabad to give the call for strike on 29.07.2016, we find that Government is fast going ahead with their plans for consolidation and merger.  You are aware recently on 17.05.2016, in a hurriedly held board meeting, through a table agenda, decision has been taken to proceed towards closure of 5 Associate banks and to be merged with SBI.


It has also been decided to merge Bhartia Mahila Bank with SBI thus pulling the shutters down of this public sector bank.


Even on the announced decision to privatize IDBI Bank, few days ago, the Finance Minister has stated that this exercise will be expedited and completed in a few months’ time.


You are also aware that today it has widely appeared in the media that Mr. Vinod Rai has stated that 27 PSBs will be consolidated as 6 Banks and banks like Bank of India and IOB would be merged with some other bank.


Thus, we can find that the Government is moving very fast on their reforms agenda.  In this context, we strongly feel that there is a case and need for UFBU to consider suitably preponing our strike to convey our immediate protest.


We request you to consider this suggestion in consultation with other constituents so that we can take a formal decision in this regard.


With greetings,

Yours comradely,  









Copy to: All constituents of UFBU

Circular No.9/VI/2016

May 10, 2016







Dear comrades,




The sixth Central Committee meeting of our organisation was held at Hotel Royal Highness, Lal Darwaja, Ahmedabad on 23rd and 24th April 2016.

Preceding the Central Committee, an Office bearers meeting was held to draw the plan of action to transact the business as listed in the notice.  The priority was accorded to focus the serious developments in the Banking Industry [ie] consolidation of the banks and dilution of equity below 50% in IDBI, as part of financial sector reforms pursued by the present Government at the centre.


The Central Committee commenced its proceedings at 13.00 hrs under the Joint Presidium of Com.Alok Khare, Vice Chairman and Com.S.S.Shishodia, President.  AIBEA was represented by Com.Janak Rawal, Joint Secretary, who is also the General Secretary of Maha Gujarat Bank Employees’ Association.

The traditional lamp was lighted by dignitaries and offered floral tributes to the founding fathers of the movement. 


  1. CONDOLENCE: The house observed two minutes silence in the memory of Com.A.B.Bardhan and other personalities, who had dedicated their lives for the betterment of the society at large.

  2. WELCOME BY THE HOST UNIT:  The newly elected General Secretary of the host unit Com.M.R.Pandya, which held the conference prematurely by Com.J.C.Shah, , in his welcome speech, presented a brief account of the glorious city with historical references.

  3. CONFIRMATION OF THE MINUTES: Com.M.A.Srinivasan, Deputy General Secretary read out the minutes of the 5th CC meeting which was adopted by the house unanimously.

  4. The house was provided with the developments in a capsule manner in the area of our Industry and the need to firm up our approach to repulse back with full resistance against the Government’s proposed moves [ie] mergers of Banks and also the dilution of the equity in IDBI, releasing of capital with certain conditions to selected banks also, appointment of non Executive Chairman to Banks, formation of BBB as recommended by P.J.Nayak Committee.  An action taken report on the decisions taken in the last CC held at Mumbai was also presented


[a] Private Sector Bank Officers Union Forum was launched on 16.08.2015 at Bengaluru  [b] Strike on 02.09.2015 by CTUs was also participated by our members [c] Punjab State Committee Conference was held on 09.08.2015 in befitting manner except the formation of the Office bearers team due to Punjab and Sind Bank North Zone representatives approach [d] Punjab and Sind Bank Officers – the efforts to conduct the elections as decided in the last CC could not be held due to non co-operative attitude exhibited by the groups. [e] Though the arrears have been paid but the levy fixed for the AIBOA and State bodies of AIBOA, have not been remitted as expected of the affiliates. And [f] ADB Officers’ Union, which was given the affiliation in the last CC stands dissolved as the bank had closed their operations in India on 31.12.2015. and [g] Odhisa State Committee has reorganised their team of Office bearers in a meeting held at Bhubaneswar on 27th February 2016.


5.         5.  Com.Janak Rawal, Joint Secretary, AIBEA while greeting the CC, explained in a pointed way the threat caused to bank men due to the proposed move in the budget 2016-2017, that consolidation of Banks will be put in a place as well as the exercise of disinvestment of equity in IDBI thereby the transformation exercise also will be completed.  He also informed the house about the proposed strike by AIBEA on 25.05.2016 focussing the demands concerning the Industry and appealed to the CC to observe the strike on 25.05.2016 along with AIBEA.  The meeting was adjourned for lunch break at 14.45 hrs.


6.         6.  The house reassembled for deliberations at 15.30 hrs.  24 participants contributed substantially advancing their viewpoints very effectively to arrive at a unanimous decision to observe strike on 25th May 2016 along with AIBEA,  however authorised the General Secretary to take the future course action, in the background of the discussions held in the UFBU meeting at Mumbai on 13.04.2016. 


The demands are:

[1] Demanding Branch expansion on “brick and mortar” basis to house one Bank branch for the population of 2500 [2] Enact effective recovery laws to recover money from the loan defaulters [3] Opposing consolidation of banks and [4] Dilution of equity in IDBI below 50%.

First day session ended at 19.15 hrs after a marathon session of 5-1/2 hrs with serious deliberations.

7.   7.   The second day session too preceded by the Office bearers meeting to take the stock of the situation in IDBI,  strike and its fall out and also the unification of Unions in PSB.  After nearly three hours discussions, the adjourned session of CC on Organisation the discussion was initiated.  The much delayed State Committee elections, discipline to implement the decisions of CC, non payment of NER allowances in line with Pay Commission recommendations, HRA classification and its mal implementation, non remittance of levy by Units as per the decision taken in the Mumbai CC were brought before the house for discussions.

8.   8.  After detailed deliberations, the following were the unanimous decisions arrived at in the meeting.

  • Ø  AIBOA should synchronise the actions with AIBEA in the matter of banking reforms.  However, the strike call on 25th May 2018 could be postponed, in the event of UFBU constituents come forward to fall in line with approach of AIBOA and AIBEA to observe the strike in mid July 2016, in view of UFBU meeting scheduled to meet at Hyderabad on 13.05.2016.

  • Ø  AIBOA shall participate in the Nationwide strike on 02.-09.2016 as the issues raised by CTU’s are directly affecting the future of the employees of our sector too.

  • Ø  The Youth Convention should be held in the month of July 2016 and Maharashtra State Committee has taken the responsibility to conduct the same, either at Nagpur or at Mumbai.

  • Ø  The President and General Secretaries meet of the affiliated Units will be held in the month of September/October 2016.

  • Ø  The financial obligations [ie] Levy, Subscriptions, Directors Fee contribution [50%] and remittances are to be completed within a month time.

  • Ø  To resolve the issues of IDBI and PSB unions, it was decided an extended Secretariat Meet will be held at Delhi on 01.05.2016, subject to the availability of all members of the Secretariat.

  • Ø  The All India Conference of AIBOA will be held before 31.12.2016.  A.P. State Committee has came forward to host the same at Hyderabad.

9.   9.  RJS BHAVAN: Com.S.Janakiraman, Secretary of the Institute in his brief presentation reiterated the need to utilise the infrastructure for the betterment of the members of our organisation.  He also underscored to upkeep the infrastructure and also to maintain the breakeven point, optimum utilisation is the need of the hour.  He also presented that due to the location near the seashore the building needs to be refurbished without any delay.

10. 10. ADOPTION OF ACCOUNTS: The audited accounts for the year ended 31.12.2015 was presented by Com.G.Gunasekaran, Treasurer of our organisation.  It was adopted unanimously after minor clarification on the expenditure head.  He also suggested that the need to have a meeting of the Treasurers of the State Committees to augment the resources for the respective State Units, should also be explored.

The Committee approved the following proposals:


[a] To carry out repairs and maintenance of the furnitures and fixtures together with painting the premises of RJS Bhavan.

[b]  To carry out the required modifications, internally of our AIBOA Guest House.

[c]  To provide for the superannuation benefits to our AIBOA Office Staffs who are with us for more than 20-25 years.


11.       11. HOLDING STATE COMMITTEE CONFERENCES:  As the decision was taken that the overdue State Conferences are to be held on priority basis, failing which the Central Office of the AIBOA, shall undertake the task of reorganising the State Committees.  All the more now, it is essential to complete the process of reorganisation of the State Committees by holding the conferences, in view of our 7th Conference in December 2016.

12.       12. CONFERENCES OF AFFILIATES:  Our affiliated Units in Canara Bank,  Bank of Maharashtra, Union Bank of India, and Allahabad Bank had held their conferences at Bengaluru, Pune, Chennai, and Indore  respectively in the month of January, February, and March 2016.  Com.M.A.Srinivasan, Com.Rajiv Tamhane, Com.D.S.Ganesan, and Com.Tapan Sarkar have been elected as General Secretaries of their All India Body.  On Com.Ashim Dutta’s superannuation from the Banks service, Com.Nirmal Dutta was entrusted the task of leading the team in United Bank of India from last quarter 2015, as General Secretary.

13.       13. GUJARAT STATE COMMITTEE:  One of the leading State Committees, within the limited time available to them did fine work reflecting their commitment once again as the tradition of hospitality, coordinated work with State Federation, collective execution of the assignments practiced by late Com.M.N. Parikh, [Captain].A.R.Divekar, Com.J.C.Shah and by Com.M.R.Pandya,  continues.


KUDOS TO THE TEAM GUJARAT AIBOA, you have made it possible to have history repeated in the Land of Ahimsa.  Red Salute to your team.


Yours comradely,




Circular No.8/VI/2016
May 8, 2016


Dear Comrades,


We have already circulated the calendar of events leading to the stand off between the comrades leading to a chaotic situation in understanding the Institutional approach in dealing with the human assets. It is a fact that as on date there are 10 suspensions, 152 transfers and nearly a dozen court cases are hanging in fire. The Central Committee meeting held at Ahmedabad last month decided to explore the possibilities to iron out the differences facilitating to take forward the issues starring at the workforce [ie] Privatisation and Variable Pay besides other related matters.

AIBOA, sensing the serious developments took the steps to walk an extra mile to halt the attacks on the Officers, by holding a meeting on 06/04/2016 at Hyderabad arranged by Com.V.Anilkumar, Secretary, AIBOA. After prolonged discussions spreading over period of nearly 3 hours a broad consensus was inked between AIBOA and comrades of AIIDBIOA.

In line with the decision of AIBOA CC held at Ahmedabad on 23rd/24th April 2016 an enlarged and extended Secretariat members meeting with the IDBI comrades was held at New Delhi on 2/05/2016. Com.E.Vellan, Com.Sharad Warik, Com.R.S.Athalye, Com. Atul Kumar Yadav, Com. Vithal Koteswara Rao and Com. Swamy Elenjelian have participated in the said meeting to present their view points on the developments within the organisation. 

The gist of details are;

1. To thwart the present attacks unleashed by Government on IDBI and its workforce, unity moves are initiated with broad consensus, based on the letter served by AIBOA dated 07.03.2016.

2. Com.R.S.Athyle and Com.E.Vellan will be accorded the Status of Chairman and Vice Chairman respectively.

3. The suspensions and transfers will be taken up by AIIDBIOA backed up by AIBOA and the details are to be provided by AIIDBIOA.

4. The existing team will be reconstituted and on completion of the same, the management will be informed about the representational character of AIIDBIOA.

5. The United Platform of IDBI Employees Union should be disbanded forthwith, as the constituent employees’ union is constantly pursuing the path of anti AIBEA-AIBOA approach.

6. AIBOA has to be consulted prior to launching any organisational actions, as the present agitation has created a piquant situation in the Industry.

7. AIBOA will extend assistance in stabilising the working of AIIDBIOA.

Apart from the above, as mentioned in the letter dated 07.03.2016, the amendments to the constitution will also be completed within the stipulated time prescribed by AIBOA.

Hope, the attempt of the Government to dilute the equity combined with the new experience of “variable pay” in the impending wage revision in the background of huge Q3 losses announced by the IDBI shall be repulsed back by the entire workforce under the banner of AIIDBIOA / United Forum of IDBI Officers and Employees. 

There is every possibility of experiencing the “light at the end of tunnel”.

Yours comradely,


Circular No.6/VI/2016                                                                                                                                         
April 20, 2016





Trade unions are instruments for social change  the saying goes.  This suits aptly to the first and foremost trade union organisation of bank men established in the pre independent India on the banks of River Hooghly on 20th April 1946, with a clear vision in the prosperity of our Nation.

Plight of bank worker in 1940s

“.....It is a pity that even the humblest day labourer or even the prisoners have a limit to the working hours and have allowance for extra works, but these unfortunate clerks have none of these privileges.  They are made to work like beasts of burden at the sweet will of their masters.  The consequence is that these poor clerks are being dragged to untimely graves due to overwork and under employment.  Is there nobody in the land to prevent such cruelty to human being although there exists law punishing cruelty to animals?”

1.    From the stage of undefined working hours, the negotiated settlement by AIBEA provided the relief [ie] defined working hours for workmen.  

2.    Releasing the economy from the hands of few individuals and making the Banking Industry as an epic centre for the growth of the Nation was the finest forward step taken by AIBEA thereby facilitating theGreen Revolutionand white revolutionas parts of the history of our dear Nation.  The five magic letters did play an effective role in identifying the author of36AD shown the doors in the political arena; resultantly the split in the ruling party was a reality.  

3.    Automatic DA revision in our Industry was another master stroke by AIBEA, though the mill workers of Mumbai during the Second World War period demanded and secured the same.  Having secured the DA increase once in every quarter, invariably, Emergency in India made certain irreversible threats to the working class movement with no exception to Bank employees.  Boothalingam Committee stipulated Rs.1.30  per slab rise thereby restricting the DA payment of Rs.5.20 per slab.  AIBEA fought and averted the ill conceived formula to be implemented in our Industry in the post emergency period.  

4.    The negative role played during 1978-80, by AICOBOO, the name mostly forgotten, except the historian, compelled AIBEA to organise an exclusive organisation for officers in the year 1981, thereby AIBOA was given a birth to secure the interest of the officers.  The supportive role played from its inception till today is note worthy and remembered by all officers.  

5.    The presentation made before various committees particularly Narasimhan Committee I and II, opposing Verma Committee report on closure of UCO, United and Indian Bank, publishing the list of big loan defaulters repeatedly,  and getting an assurance to allocate 40% of the advances to priority sector were part of nation building noble contributions by the AIBEA during the past 70 years of its purposeful existence.  

6.    Sensing the time and the need to transform the Industry due to volume of transactions, permitting introduction of Technology in phased manner were also considered as a positive and forward approach instead of stumbling block in the process.  The only Industry where “technology” introduction is through an agreement.  

7.    Cradle to Grave” achievement echoed by late Com.P.K.Menon, founder General Secretary, AIBOA was realised through a careful study by two committees establishing the far sightedness of the organisations.  Attacks mounted by “all other organisations” on the “first premier organisation” and “its sibling” in 1993 were the footprints in the onward march of securing the benefits from the unwilling hands of the owners and the Bank Managements.  It took “17 long years” to bring back the “Golden bus of Pension” to accommodate 3,30,000 through “one more option” in 2010 was also added colours to the achievements made by the present leadership.  

8.    The immense contribution by Com.Prabhat Kar, Com.H.L.Parwana, Com.Tarakeswar Chakraborti, Com.D.P.Chadha, Com.P.K.Menon, Com.N.Sampath, Com.Rajendra Syal, Com.C.S.Subramanian, Com.A.V.G.Nair and Com.T.K.V.Nair , who had burnt their lives as a candle to give light to others and at the end built the great edifice of AIBEA.  

9.    A small seed sown in 1946, has grown like banyan tree in 7 decades giving shelter to all categories of workers in the financial sector gained enormous respects and best wishes right from sub staff to Chairman’s of all  Banks.

“Every political struggle is an economic struggle and  
 Every economic struggle is a political struggle”.  

10.  A trade union responsible for converting Private ownership to public ownership thereby ensuring the enhanced growth trajectory from dependence to self reliant economy, bringing an appropriate amendment in the I.D.Act [Section 33], lifting the status of Bank workers to the present enviable position in the society, unleashing the fight against the accommodative role played  by the powers to big loan defaulters and enlarging the canvass of social security cover are remarkable contributions by AIBEA during 70 years.

On the 71st Foundation day of AIBEA, its sibling AIBOA greets for many more successes to AIBEA as the process of progress is not fully completed.

An advance has been made, an advance of immense dimensions, this has to be furthered by the democratic movement of our Country in the days to come.



Yours comradely,

                                                         ALL INDIA BANK OFFICERS’ ASSOCIATION
                                                         (Central Office : Chennai)
                                                       ALL INDIA BANK EMPLOYEES' ASSOCIATION  
                                                           (Central Office : Chennai)

CIRCULAR LETTER TO ALL UNITS                                                                                                8TH April, 2016

Dear Comrades,

Our units are aware that AIBEA and AIBOA units are the overwhelming representative unions in IDBI Bank and in view of the recent announcement in the Budget to privatise IDBI Bank, there was a successful protest strike by the employees and officers despite all attempts of the management to thwart the strike action through court cases, intimidations, etc. 

After the success of the strike, there has been repressive measures like suspensions and vindictive transfers of more than 60 activists all over the country.  In view of these vindictive actions of the management, we have jointly addressed a letter to the MD/CEO of IDBI Bank seeking to revoke and rescind these punitive measures.

We reproduce herein the text of our letter for the information of our units.  If management of IDBI Bank persist with their vindictive actions, we shall chalk out organizational programmes which will be informed to units shortly.

In the meantime we request all our unions to address similar letters to the MD/CEO of IDBI Bank with copy to us.

With greetings,

Yours comradely, 

                                                    S. NAGARAJAN                                C.H.VENKATACHALAM                                        
             GENERAL SECRETARY                           GENERAL SECRETARY 
                AIBOA                                                      AIBEA


The Managing Director and Chief Executive Officer
IDBI Bank                                                          
Head Office ,  Mumbai   E mail:

Dear Sir,

Reg: Revocation of suspensions and cancellation of transfers

Our attention has been drawn to the recent provocative actions of the management in the form of suspensions and transfers of officers of the Bank which are evidently in retaliation and as a reaction to the recent strike action by the employees and officers expressing their protest against the proposal of the Government to reduce the Government’s equity in IDBI Bank to less than 49% and paving the way for privatisation of the Bank much against the solemn assurances on the floor of the Parliament to maintain 51% equity at all times.

You are aware that the strike action was a democratic expression of protest and was a legitimate action on the part of the employees and officers to draw the attention of the Government on their decision to privatise the Bank.

You are further aware that the strike action was forced on them since the conciliation efforts did not yield any fruitful or positive results.  You are also aware that the strike action was duly informed to the management by due notice under the provisions of law.

You are equally aware that that the entire trade union movement in the banking industry has serious opposition to privatisation of public sector banks and we are in full support of the demands of the employees and officers of the IDBI Bank in this regard.

We can understand that the decision has been taken by the Government and hence the management of the Bank, per se, may not be able to say anything on the same but it does not mean that employees cannot express their protest against the decision of the Government.  We believe that we are in a democratic country and such protests are quite legitimate.

It would be appropriate that the views, grievances and demands of the Unions are conveyed to the Government for their consideration instead of reacting administratively by vindictive actions against the union representatives.

We convey our strong protests on these unwarranted and vindictive suspensions and transfers which are meant to terrorise and victimize the Staff.

We may inform that these actions of the management may lead to industry-level repercussions and vitiate industrial relations in the entire banking sector.

While we stand committed to maintain discipline and good conduct  at all levels of the workforce and also to strengthen the IDBI  Bank with the solid co-operation of all employees and officers who are members of our organisations, we look forward for your co-operation to maintain cordial relations with the staff and permitting legitimate trade union activity in the Bank.

In the end, we urge upon you to review these unwarranted actions and rescind the same.

Thanking you,                        

                                                                  Yours faithfully,  



Circular No.4/VI/2016

March 16, 2016





Dear comrades,






The budget proposal pertaining to Banking Sector deals with the Government’s intention to explore the options to bring down the equity of Government below 50% in IDBI and also the “consolidation of Public Sector Banking”.


The expressions made by the responsible representatives of the present Government defies the basic faith that written assurances given on18.12.2015 / 22.12.2015 and 08.12.2003 are not  kept up.  The Bank is planning to conduct “Extra Ordinary General Body meeting” to dilute the present equity offering the same to LIC of India, in the ensuing week, to the extent upto 15%


Taking the various developments into consideration within the Industry “United Forum of IDBI Officers and Employees” met at Mumbai on 12thMarch 2016 at MSBEF Office decided unanimously to launch programme of actions.



Gate Demonstrations at IDBI Tower


Memorandum to Hon’ble Finance Minister and Hon’ble members of Parliament


Press meet


Gate Demonstration at  all major offices of IDBI Bank


Postering campaign


Nationwide strike by officers and workmen staff of IDBI


While defending the Public Sector character of IDBI in full measure, the IDBI workforce is deprived of wage revision with effect from 01.11.2012.  The threat of introduction of fixed pay and variable pay is too looming large as far as officers are concerned.


Our priorities are :  IDBI – as Public Sector Institution – Job and Job security and wage revision without any breakup.


The first and small step by IDBI in defence of Public Sector is appreciated in full measure, hopefully triggering agitations in future.


AIBOA advises all State Committees and affiliated Units to extend whole hearted support to struggling IDBI workforce in all their programmes of action culminating in a strike action on 28.03.2016 a tremendous success.


Yours comradely,




Circular No.3/VI/2016

March 8, 2016







Dear Comrades,






The agenda of consolidation of Public Sector Banking is the single item remaining out of the recommendations to be implemented of NARA I and II. The earlier Government and also the present one are singing the same song of big banks through the process of Merger and Acquisitions.Budget speech on 29.02.2016:

“ Our Public Sector Banks will have to be strong and competitive.  The Bank Board Bureau will be operationalized during 2016-17 and roadmap for consolidation of Public Sector Banks will be spelt out.  The process of transformation of IDBI Bank has already started.  Government will take it forward and also consider the option of reducing its stake to below 50%”.


In the year 2008, one of Associate Banks State Bank of Saurastra was merged with State Bank of India- a forced merger, as the Bank was struck up with Stock market Scam of Late Harshad Mehta, resultantly booked loss.  In 2010, another associate Bank, a profit making one, the best performing Bank which was taking care of the welfare of MP state was merged with SBI, in spite of strong resistance movement by AIBOA and AIBEA.


The Gyan Sangam I which was held at Pune in the month of January, 2015 rolled out the plan of action for the consolidation of the Banks. The prelude to this move was the proposal to initiate merger based on the technological platform of the individual Banks in the September 2012. In the recently announced Budget presentation the intension of the present Government has been spelt. As a follow up of the Gyan Sangam I, after the Budget, Gyan Sangam II was held at Gurgaon on March 5-6, 2016, where further offensives are unfolded as the outcome of the grand meet. As per reports, various options are being explored to speed up the process of consolidation of Public Sector Banking System.


As per the paper reports, out of the remaining 5 Associate banks, to-day, it is being aired that SBH and SBP will be merged with SBI as these Banks are not listed and 100% stake rests with SBI. The offensives of the Government will certainly result, non availability credit to priority sector segment, denial of banking access to nearly 50% of the population of our Nation and ultimately job losses of the present and also due to contractulisation of existing jobs.


On 27th November 2015, under the aegis of United Forum of IDBI Officers and Employees observed the Strike against the oft repeated announcements of the representatives of the Government to convert the IDBI Bank as that of AXIS BANK Model ie privatise the IDBI BANK. It is matter of concern of all, that the assurances given in the floor of Parliament by Mr.Jaswant Singh, the former Finance Minister on 08.12.2003, had been consciously overlooked now.  From the records resting at the Government and RBI end that IDBI has been classified as other Public Sector Bank.


As per the Certificate of Incorporation dated 27.09.2004, the memorandum of Association of IDBI Ltd., it has been categorically mentioned that“……the Central Government being a shareholder of the company shall at all times maintain not less than fifty one percent of the issued capital of the company.”


On 18th December 2015, there was a written commitment given in the floor of Parliament, by MOF that the dilution of the equity including IDBI shall not go down below 52%. In spite of the commitments on 08.12.2003 and 18.12.2015, the Government has made a mention that the Government will consider the option of reducing the stake to below 50%, in the present budget presentation.


It is to be noted that the time tested Institution/system/procedure are being replaced unmindful of the consequences by the present Government. To protect the Public Sector Banking and also to adhere the assurances given in the Parliament twice in the matter of protection of IDBI as Public Sector Bank unleashing programmes of actions are inevitable.






We are in the process of getting in touch with UFBU for an appropriate action packed programmes


Yours comradely,




Circular Letter No.2/VI/2016                                                                                                                                                                      January 25, 2016



   Dear comrades,


The industry level wage negotiations have successively established that uniformity in wages to the work force in the Industry. Smallest to largest, loss making bank to profit earning bank are placed at the same position.  The uniformity in wages and service conditions is the fine fabric, which facilitated the bondage amongst the banking workforce.  The "One for all and all for One" the adage suits to the achievements made in the Industry.

The Khandelwal Committee recommendations on wages, service conditions and welfare clearly stipulated that 
PSBs to have freedom to negotiate to create a better mix between compensation and Performance; Boards to decide on          
bank-specific wage and compensation structure in relation to capacity to pay, profitability, productivity etc and within the
           Government guidelines.Banks to consider variable Pay as major component of wages facilitating the discretion to go in 
           for Cost to company CTC concept”.

In the earlier wage negotiations, there were attempts to bring these factors to play. Collective and sustained campaign against the recommendations had blunted the approach of the Owners and negotiators. These prescriptions are brought in a different form in the GYAN SANGAM Recommendations, which was held at Pune on Jan 2-3, 2015.

The then IBA Chairman, Mr. T.M.Bhasin submitted a report on the issues and progress made on the Recommendations of Working Group, under building a Robust People Strategy for PSBs lays down their clear intentions:




Move from industry level to Bank level settlement agenda to be pursued

10th Bipartite settlement is reaching its finality and will be in force upto 31.10.2017

The Banks one year before the expiry of the settlement should initiate dialogue to move out of Industry level settlement and negotiate for productivity linked settlement on cost to company basis based on the paying capacity of each bank

Commit to improve operational efficiency to significantly increase P/B through

-improve credit risk management capabilities

-shift to bottom line based targets

-leverage technology to reduce opex and improve productivity

-Develop capital light operating models

Already Banks have robust risk management system for improving the management and operational efficiency.  They have adopted bottom line target based approach for targeted top line growth.  Work is in progress to leverage4 technology to reduce the operational cost, improve productivity as sell as to improve customer satisfaction and convenience.


Banks are advised to deliberate the initiatives at the Board level committees and formulate Board approved policies for effective execution.

Rapid re orientation of small PSUs.

-          Re orient portfolio

-          Restructure or consolidate

-          Price appropriately for risk across all products / segments

Individual Banks should deliberate at the Board level and recommended to DFS.

Risk based pricing has been introduced.





Implemented and will be further fine tuned

The LIC wage notification has already been released by the Government. There is a departure from the time tested approach that the pattern of settlement and % of increase offered in our Industry are more or less followed in other financial sector branches too.

When the ink has not dried of the present wage revision with some of the issues of hospitalisation scheme hanging in fire of serving as well as Retirees and Record Note on Retirees issues not addressed at all, how come the owners are becoming so benevolent is a million dollar question.

The notification of the Government is to be read, before setting the plan for the next wage negotiations.  When RBI pressure mounts up to cleanse  the balance sheet by March 2017, can the owners be benevolent to workers in this country ?

LET US CAUTIOUSLY PURSUE THE ISSUES as the hidden agenda of the Government is aiming at putting an end to the Industry Level Settlement and put in place the capacity to pay as well as give a final shape to the Cost to Company concept partially brought into stay in the current wage revision.

Yours comradely,  
Circular Letter No.1/VI/2016                                                                                                                                                                        January 20, 2016


   Dear comrades,

                                                                                         POWER OF THE UNION CONQUERS ALL  
                                                                                        IDBI RETAINED AS A PUBLIC SECTOR ENTITY  
                                                                                        GOVERNMENT RETRACES ITS STEP

  IDBI, a developmental financial Institution, founded in the year 1964, as an extended arm of RBI in the initial stage and subsequently came under the total control of the Central Government.

   In the year 2004, IDBI Bank Pvt. Ltd., employed contracted workforce, had a reverse merger with the DFI-IDBI, pushing the DFI to entangle with commercial Banking operations.  During the regime of UPA I, the old generation private sector Bank having its headquarters at Satara, Western Maharastra – United Western Bank was merged with IDBI and substantial compensation was paid to the share holders.  Thanks to the political compulsions of UPA I to avoid the liquidation of UWB in the year 2006.

   The then Finance Minister of the Country, while folding up the discussions on the floor Parliament in the 2003, categorically informed that the Government holding in IDBI, will not be below 52%.  As on date, IDBI is considered to be a laboratory to carry out the experiment the various options of the Governments of the past as well as the present.  IDBI, is governed under the Company law and not under Nationalisation Act 1969/1980.

   Last year, the present Finance Minister and also Minister of State for Finance through print as well as electronic media made Government’s intention clear to mobilise the resources by reducing the Government’s stake in IDBI and push IDBI to private hands.  The oft repeated expressions were loud and clear.  Having sensed the dangerous move of the present Government, the United Forum of IDBI officers and employees under the Covenorship of Com.R.S.Athalye, who is also the Joint Secretary of AIBOA and General Secretary of AIIDBIOA, in due consultation with workmen representatives, unleashed a series of programme, including a day’s strike on 27th November 2015 ie; the next day of the commencement of the winter session of Parliament.  Apart from this, the hasty announcement of reform process in 15 sectors including Banking, after the drubbing in the lections, received at the hands of the People of Bihar in November 2015.

   Hats off to the entire workforce of IDBI, the fine preparation of agitation in various States coupled with determination, made the strike on 27th November 2015, a historic one, led by AIBOA officers.  IDBI working was brought to grinding halt.  The general council meeting of AIIDBIOA was held at New Delhi on 12th December 2015 to review and take forward the further course of programmes.

   While the second phase of agitational programmes were rolled out, the team of office bearers utilised the time gainfully to meet the Parliamentarians of all the political parties at Delhi.  The team worked round the clock literally the whole week.  Sincere and hard works pays. Shri Sultan Ahmed, M.P. raised the question in the floor of the Parliament.  A categorical reply from the Government on the equity holding including IDBI speaks for itself.

   A sincere and serious step taken by AIBOA backed by AIBEA workforce, made the Government to relent from the hasty move or Privatisation of IDBI for the present.  The unsettled issue of ownership of IDBI has been settled.  As on date, the Government stake is80% from the earlier stake of 76.5%.

   Red Salutes to IDBI officers and workmen for their steadfast approach in protecting the Public Sector character of the IDBI, in their Nation building exercise.

   Yours comradely,  


Circular No 2/VI/2016 
January 13, 2016 

Dear Comrades

                                                                                           - DOWN MEMORY LANE 
                                                                         - 30 years of Purposeful existence.
                                                                         - ALL INDIA CENTRAL BANK OFFICERS’ ASSOCIATION (AICBOA) 

All India Central Bank Officers Association, (AICBOA), was founded on the shores of Bay of Bengal on 13th January,1985,at Chennai, by the towering personality Com.Tarakda, the leader of leaders, as per the decisions of the AIBEA, to organise the officers under the banner of AIBOA.

The foundation conference elected Com.A.Sundar Rao, a leader par excellence, who single handedly fought during the emergency regime, from the undivided Andhra Pradesh and Com.V.Krishnamoorthy, the then Secretary of AIBOA, as President and General Secretary respectively. Under their leadership, the first joint talk with the Management was held on 28th Novemeber1985. 

The Mumbai unit was represented in the AICBOA team by Com.M.D.Karnik as Vice President and the under signed , as Joint Secretary. By virtue of locational placement of Com.M.D.Karnik at Mumbai and also of certain organisational requirement ,it was decided by the office bearers in consultation with Com.Tarakda, Com. M.D.Karnik was entrusted with the responsibility of handling the Central Secretariat of AICBOA at Mumbai. 

Under the leadership of Com.M.D.Karnik, in the Central Committee held at Hyderabad, it was decided to launch a joint agitation, to realise the demand of union office for AICBOA and also formulation of Transfer Policy for officers, culminating with a one day strike in APRIL 1992. The action programmes were totally backed by AICBEF. The central office management realising the collective strength of both federations, ultimately committed in writing to provide the office space for AICBOA and also to finalise the transfer policy for officers within a defined period. The office premise of AICBOA was declared open by the immortal leader Com Tarakda in the presence of M S.D.Dhopeshswarkar, past president of AIBEA from Maharashtra.

Once again at Hyderabad, in the year 1996 in the CC meeting of both Federations, decided to escalate action programmes to realise the much needed fast track promotion for scale I to II and also to put a halt the abolition of Foreign Exchange officers unilaterally by the management. Transfer policy implementation for Officers was also an another demand. Our decision to kick start the agitation in 1996,fully backed by the leadership of AICBEF, brought a much sought after relief to officers in Scale I and II on 31.7.1996 under the leadership of Com.Rajan Majumdar and the undersigned .The ripple effects of the minutes of understanding arrived at by AICBOA on 31/07/1996 sparked off an agitation by the other officers organisation from 15th August 1996 to 3rd April 1997.The agitation was abruptly withdrawn by the AIBOC leadership of MR.Shantha Raju and Mr.Shanthi Ranjan Sengupta, without involving Mr.R.C.Agarwal in the discussions at all with the Central Bank Management.

Our friend, philosopher and guide, Com.Tarakda breathed his last on 2.05.2003 after returning from Mumbai. The last trade union office visited by him was our AICBOA office at 8th Floor of Chandermukhi Building, Mumbai. He was the force behind our AICBOA growth, and experiment of the philosophy of working together works, the saying coined by the yesteryear leaders of AP STATE Com.C.V.Raghuveer, member preparatory committee for formulation transfer and Promotion policy for officers.

Right from the date of foundation from Chennai till the moving spirit of trade union movement left us in lurch, AICBOA had the equal status in the matter of joint talks facilities, participation in the Business Development meetings with the Bank, leave facility to attend the meetings of the conferences, participation in the Staff welfare committee etc., with the other organisation of officers in Central Bank of India.1985 to 2003were remembered by the officers fraternity in Central bank as golden era. From 18.06.2003,the deterioration in the welfare activities of officers because of the excessive leaning of the other officer organisation with the management emboldened the management to inflict lot of miseries.

Unable to bear the brunt of the excesses committed by the management against the members and Us in the Bank, all the unions under the banner of UFCBU, observed a day strike in Feb 2007 compelling the management to sign a settlement with the striking workforce. The matter of atrocities were brought to the notice of the then Prime Minister DR.Manamohan Singh and the finality could be sorted at. The role of minority unions, were well recognised by the conscious decision of the top management of the Bank.

Under the guise of controlling the TU activities and also cover the large scale lapses of the management in the matter of Bad loans, new Industrial relations policy was adopted by the top management, which was thrust on the all unions without exception. The end result of the new dispensation of the IR norms is taking back all of us to pre independence era/private sector period. Gagging the genuine voice of the Trade Union to realise just and rightful benefits accrued over period of three decades is the move of present management. The worst sufferers of the moves are officers- indiscriminate disciplinary actions, farcical departmental enquiries, withdrawal of facilities to TUs in spite of substantial membership of officers with AICBOA.

Trade Unions are considered as instruments for social change, the saying goes. It is slowly bartered away consciously or unconsciously by the community of workforce.

As AIBOA strongly believes that THE POWER OF UNION CONQUERS ALL, let us pursue the path of sustained resistance movement against the uncalled moves of the management, strangulating the TUs in Central Bank of Ind


Yours comradely,


Dear comrades,




Com.A.B.Bardhan, born in 1925 in Sythet [Bangaladesh], plunged into action to champion the cause of voiceless and defenceless common men of this great Nation throughout his lifetime. Joined the All India Student Federation, to begin with, made the way to enrol in the CPI, a banned party in the English rule. During his college days he was a natural choice to lead AISF, in the University of Nagpur. With lot of ordeals, he qualified himself as M.A., LLB.,

He was loved by one and all, from all walks of life. He nurtured the Electricity Employees Trade Union effectively till his last breath. Representing the people of Maharashtra, he was a member of Legislative Assembly for five years term from 1957.

Becoming a member of the National Council of the CPI in 1968, gradually empowered with the duties to handle the affairs of the party as a General Secretary from 1996 upto 2012. Not only he was the natural choice to lead the party, but also the AITUC for a brief period.

Com.A.B.Bardhan, who was a leader of Central Bank Employees’ Union, Nagpur, was the Chairman of the Reception Committee of the Foundation Conference of AIBOA in February 1981, which elected Com.Prabhat Kar and Com.P.K.Menon as President and General Secretary respectively. He was the inaugurator of our Silver Jubilee Conference at Delhi in 2006 as well as in 2011 at Chennai. Late Com.RJS and Com.Alok Khare, Vice Chairman were enjoying best support, guidance and also a helping hand at the time of crisis.

The Trade Union movement as a whole has lost one of the tallest leader, who ceaselessly fought for the people of this great Nation. The void created due to the demise of Com.A.B.Bardhan can never be filled.

AIBOA CENTRAL SECRETARIAT bows with sincere heartfelt feelings on the sad demise of the last leaf in the banyan tree of the communists, who stood for providing voice to voiceless in this Country.

Yours in grief