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Circular No.5/VII/2019

March 4, 2019












An urgent office a bearer meeting of our organisation was convened at Hotel Central Park,Hyderguda, Hyderabad on 03.03.2019 to take the stock of emerging situations and roll out a plan of action to address the issues confronting the officers’ community as a whole.


2.         The proceedings were conducted by the Joint Presidium Com.Alok Khare, Vice Chairman and Com.A.N.Suresh, President and commenced at 10.35 am.


3.         The leave of absence was granted to Com.Narendra Kotiawala, Dy.General Secretary, Com.Vinod Sharma, Com.D.N.Trivedi, Com.Giri Srinivasa Rao and Com.Rajesh Tiwari Joint Secretaries as they were held up with certain prior commitments.


4.         After the welcome address by Com.V.Anil Kumar, General Secretary, AIBOA – AP & T State Committee the meeting commenced its proceedings.


5.         IN MEMORIUM:  The house observed two minutes silence in the memory of the “40” CRPF Jawans killed by the terrorist outfit at Pulwama and other martyrs after Pulwama attack and also Com.G.Gunasekaran, Treasurer of our organisation.


6.         While placing developments right from last CC held at Mamallapuram on September 8-9, 2018, followed by the Secretariat Meeting held at Mumbai on 13.10.2018 and State Presidents and General Secretaries meet at Jaipur on 17.11.2018, the programme unleashed by AIBOA right from “Postering Campaign”, programme observed by the nine constituents culminating in a day’s strike and escalating to judicial intervention with the present status of the case before Supreme Court of India were placed.


One more focussed presentation was on the present stand taken by other two officers’ organisations in the last two rounds of discussions with IBA, on the issue of “fractured mandate”.  The information related to the interaction with General Secretary AIBOC at Kolkata [24.02.2019] and also with General Secretary NOBO at Chennai [27.02.2019] were also informed.  Com.V.Ramabhadran, Secretary, AIBOA, who is also the Convenor of the Wage Committee, presented details pertaining to the current status of the wage revision, as per the advice of the Joint Presidium, for the benefit of the office bearers / participants.


7.         On the both issues, a detailed deliberations took place by all office bearers with the following observations.


a.    a.  While on the Bank merger issue taking to judicial recourse is welcome and necessary step simultaneous campaign to educate Bankmen as well as customers and common people with more details about ill effects of the Bank mergers must continue.


b.     b.  Wage Revision – On developments relating wage revision it was felt that safeguarding and strengthening the process of bilateral negotiations while making these effective and meaningful is the prime need of the hour.  AIBOA  must therefore continue it’s efforts to evolve cohesive approach to secure expeditious settlement.  In regard to Mandate issue while IBA having conceded up to Scale V coverage is a success of negotiating process efforts must continue to secure coverage for all grades of officers as in the past.


8.         Office Space Acquired:  The meeting held at Hyderabad was after our oganisation acquired a premises in our name on 9th January 2019 and the same was as per decision of the Secretariat.  The office space is being utilised by AIBOA-AP & T State Committee and steps taken by Com.V.Anilkumar, General Secretary, AIBOA-AP&T State Committee, was noteworthy.


9.         On organisational front, the present status in AIOBOA and AIPSBOF was also reported.  Our affiliate in Central Bank initiating steps to arrive at the consensus is eluding final conclusion / fruitful execution of plans.  The IDBI-LIC deal and the Supreme Court decision negating our affiliates prayer was also reported.


10.       Constitution amendments/formation of committee:  As proposed in our meeting at Jaipur on 17.11.2018, to draw a balanced approach between the State Committee and affiliated Units in its representation in the office bearers team, more emphatically in strengthening the grass root level contacts through District Committee formation etc., a committee has been constituted for amending bye laws of the organisation, to be placed before the ensuing Central Committee meeting.


a.    Com.Anil Kumar [AP&T ] Convenor

b.    Com.K.Sathyanathan [Kerala]

c.    Com.G.S.Oberoi [Haryana]

d.    Com.Sanjay Khan [Delhi]

e.    Com.D.S.Ganesan [Tamilnadu] and

Com.Arivind Porwal, Vice President, AIBOA will also associate with the committee.


11.       Co-Option of Treasurer:      Com.R.Jawaher, CC Member, AIBOA, Deputy General Secretary, AIBOA[TNSC] and General Secretary, IBOF has been co-opted as Treasurer of our organisation in the vacancy caused due to untimely demise of Com.G.Gunasekaran former Treasurer.  The decision will be ratified in the Central Committee.


Kudos to Team – AP&T State Committee “Captained” by Com.V.Anil Kumar who collectively executed the assignments in a short time provided, flawlessly.


Yours comradely,





“Small Deeds done are better than

Great deeds planned.”

Circular No.4/VII/2019

March 1, 2019










We have informed earlier that on 10th January 2019, Hon’ble High Court of Rajasthan, bench at Jaipur, after hearing our counsel, ordered to “serve the notices to respondents [ie;] Union of India, RBI, Bank of Baroda, Vijaya Bank and Dena Bank] returnable by six weeks “.


One of the respondents Bank of Baroda filed a case in Supreme Court of India for staying the proceedings in Rajasthan and Delhi and other High Courts.  The counsel representing the Bank of Baroda is Shri Tushar Mehta, Solicitor General of India along with four others.  The case came up on 06.02.2019 and the Bank requested time for filing an application which was granted.  It came up for hearing on 08.02.2019, before Hon’ble Mrs. Justice R.Banumathi and Mr.Justice R.Subhas Reddy.  The case was slated to be heard on 28.03.2019, an ex-parte stay obtained by Bank of Baroda.


Our organisation, on analysing the developments, engaged Shri P.S.Narasimha, former Addl.Solicitor General, through Shri Pradeep Chaudhary and Shri Ajay Chaudhary, Advocate on record filed an Interim application to hear our case expeditiously as the effective date of merger will be 01.04.2019.


The Interim application filed by our organisation has come up for hearing in the Supreme Court of India today along with other writs also.  Upon hearing, Hon’ble Supreme Court has agreed to transfer all writ petitions together to Supreme Court, with the directions to all petitioners to file the copies of other original writ petitions before the Supreme Court by 06.03.2019, with the respondents to file reply by 11.03.2019.  On mentioning before Hon’ble Chief Justice of India, a date would be given soonest for final hearing.


One step forward from our end to seek justice from the Highest Court of our Country.


We shall keep you informed of the developments in due course.


Yours comradely,




Circular No.2/VII/2019

January 11, 2019







Dear comrades,





On 17th September, 2018, an apparatus called “Alternative Mechanism” by the present Government at the centre, made an announcement of amalgamation of three banks [ie] Bank of Baroda, Dena Bank and Vijaya Bank and the three Banks’ were informed of the decision of the Government of India, to take it forward.


The steps that are to be initiated to achieve the desired goal of amalgamation are :


1.      1.The proposals must start from the Boards of the Banks


2.      2.The decision regarding creating strong and competitive Banks would be solely based on commercial considerations


3.     3. The proposals received from Banks for in principle approval to formulate scheme of amalgamation shall be placed before the Alternative Mechanism [AM].


4.     4.After in-principle approval, the Banks will take steps in accordance with law and SEBI’s requirements.


5.     5.The final scheme will be notified by Central Government in consultation with Reserve Bank of India.



The amalgamation of the Banks needs approval from both Houses of Parliament as per the Banking Regulations Act 1970 /1980.


As amalgamation or merger of Banks is not in the interest of people at large, such a step should necessarily be opposed and resisted by Trade Unions.


We have closely observed that the decision has been imposed from the owners and not emanated from the individual Bank’s Boards,  hence there is need to interfere and also bring it to the notice of the members as well as all concerned in the Banking Industry.  An added element is that the provisions of Banking Regulations Act 1970/1980 has not been complied with in full measure.


Our organisation along with Dena Bank Officers’ Union sought the judicial intervention by filing a case in the High Court of Rajasthan, at Jaipur.  The case came up for hearing yesterday.  The Hon’ble judge, while issuing the directions to serve the Notice to the five respondents, returnable in four weeks, made a passing remarks that the provisions of law has not been complied with.


            “ A thousand miles journey starts with a small and tiny step”


which our organisation has commenced.


We keep to inform the details to all concerned in due course.


Yours comradely,









Circular No.1/VII/2019

January 7, 2019



ALL Units / State Committees


Dear Comrades,





Government of India, as a part of New Economic Policy promotion, right from 1992-93, had fallen a trap to Liberalisation, Privatisation and Globalisation ie. LPG.  There were recommendations by the Standing Committee for Finance to reduce the Government capital in Public Sector Banks from the present level of 51% to 33%. However, the earlier Government , after returning to power in 2004, the first  open declaration made by Dr.Man Mohan Singh was to retain the Government Capital upto 51%, thus the Public Sector character of Banks are still now maintained.


2.         The capital can be acquired through three ways : [a]. Thro’ Profit Generation [b]. Government providing  Capital [c]. Acquiring the capital from the Markets.  As bad loans are increasing, provisioning towards that, eat away the profit thus capital is not increased through internal Generation. Government has taken a stand that there are not in a position to provide from the Budget, a policy decision. The avenue available to shore up the capital is to acquire from the market. Before resorting to that exercise some of the banks have now started to float the scheme of Employee Stock Purchase Scheme. Before releasing the capital to the banks, majority unions were compelled to sign a MOU with the Management and in turn submitted to Government for receiving the capital support. There was not even a mention about the move now exercised by the Bank.


3.         By purchasing the shares of the Bank by employees, Bank management talk of Sense of commitment to the Bank. They talk about employees’ contribution for the progress of the Bank. Further, they talk of sense of feeling ownership. They talk about the sense of belonging to the Bank. They also talk of selling the shares for making profit.   These expressions are nothing but enticing the workforce for subscribing to the ESPS.


4.         AIBOA, strongly rejects the proposal of the various Bank managements of ESPS. It is nothing but backdoor privatisation of the Public Sector Banks. Instead of initiating steps to recover the Bad loans from the wilful defaulters, these attempts are noting but diverting the attention of the workforce.


Our Organisation directs the workforce not to subscribe for the ESPS proposed by the Bank managements. Don’t lend your hands to privatise the Public Sector Banks.



Yours Comradely,



Circular No.30/VII/2018

December 31, 2018







Dear comrades,





Maintaining peace as an instrument for the benefit of the entire community in the globe is certainly becoming tough and costly.  Change of equation at International level is also surprising, but true.  Regrouping and realignment are order of the day.  Mr.Trump continued to be adamant on policy matters governing International relationship and within the country he has not changed his old habit of controversial in decision making and non-implementation of the majority opinions to benefit the citizens at large.


In our Country, the present Government executes the plan drawn by the Corporate, unresistingly.  Time tested Institutions are pulled down.  The invocation of the provisions of RBI Act by Government of India forcing the Governor opts out of the responsibilities.  Undue interference of Government in the judicial system, provoking the leading renowned “legal luminaries” to conduct the first press meet against the Chief Justice of India and his style of working.  The highest court negated the utilisation of AADHAR CARD for all purposes were in the right direction.  Supreme Court approves of “mercy killing” which is in vogue in USA, based on the late Aruna Shambaugh, who was under unconscious stage near coma stage for a period of more than 2-1/2 decades.


Our Industry and its performance inspite of numerous hurdles were noteworthy.  PCA “Prompt Corrective Acton” exercise make 11 Banks to fall in line and forced declaration of amalgamation of three Banks, not having any parliamentary sanction or approval is more added example of Government disrespecting the “temple of democracy” and elected representatives.  Sudden exit of the head of Institution [ie] Controller of Banking system and immediate appointment of a retired IAS officer to fill up the vacancy, who was active in line with the “Demonetisation exercise”, were the example of “good governance” of the present political dispensation.


Agrarian crisis is continued to occupy the headlines in every State and election manifesto too covered “Loan Waiver” as a poll promise.  The recent elections in five states reversing the trend in favour of the opposition in three States [ie] M.P., Rajasthan and Chhastigarh.  On assuming office of Chief Ministers in three states, the first official announcement was “loan waiver” by the three CMs’.  This announcements are being criticised by the ruling dispensation loudly.  This year in numbers has proved negative – viz., cow linked crime, burden of farming, job search, the  notes return, power of Me too campaign and revised GDP figures etc., 


The issue of wages in the Industry is hanging in fire.  New concept of “fixed pay” and “variable pay” is attempted to be brought in, which negotiating unions are opposing tooth and nail.  Issue of mandate for officers and campaign on Save and Strengthen Public Sector Banks have gained the required momentum.


The time honoured practice of taking stock at the end of a year perpetrates a subconscious sense that a new year is somehow a different time, that we are taking a clean break from the one that is ending. 


The reality of course is that it is as arbitrary a point of reference as any other.  The world does not change because the year has.


Hence the New Year 2019 is going to be too tough and challenging one.


Let us collectively face the challenges through united actions to benefit the Nation, Institution and finally the individual.


Yours comradely




Circular No.29/VII/2018

December 30, 2018




ALL UNITS / STATE COMMITTEES                                                             








The strike action by the banking workforce on 26th December 2018 was absolutely successful. It is arising out of the attitude of the owners of the Banking System to bypass the time tested instruments and Institutions, thus the retaliatory collective action was observed. On 17th September,2018, under the specious plea of making the  third biggest bank in our Nation, Vijaya, Dena and Bank of Baroda were proposed to be amalgamated as announced by three Ministers – Hon’ble Finance Minister as Chairman, Railway Minister and Defence Minister members of alternative mechanism apparatus constituted by the Government of India.


2.  The collective decision to observe an All India Stay Out Strike on 26th December,2018 was arrived at in the meeting held at Mumbai by the Nine unions. In the past New Bank of India was merged with PNB in Sep,1993 and the Govt. of India was the absolute owner. Subsequent merger in 2008 and 2010 of two Associate Banks with SBI were also with pains and strains to the workforce as well as to the respective State Governments in General and customers of the said banks in particular. In April 2017, five Associates along with Bharat Mahila Bank was absorbed by SBI to make the acquiring Bank to place it in Global Bank within 50 positions. But the research study has revealed that the Bank suffered the loss for the first time in its 200 hundred years history, branch closures and forced exit of the existing workforce of Associate Banks and ultimately shut the door of the Bank for the future recruitments of young, unemployed, educated youth in the financial system. Loss of customers dealing with the Associate Banks was also another painful experience. They preferred to deal with new generation private sector Banks.


3.         As per the reports provided to our Organisation from our State Committees, the Public Sector Banks’ working were  brought to standstill. Demonstrations held at all centres witnessed the seething anger of the youth against this move of the Government. Clearing of cheques in millions remained unattended and the money value of the same was Rs 23000 crores. As the Governmentauthorities are unconcerned with priorities ie Save and Strengthen Public Sector Banks, the workforce were compelled to plunge into action.


4.         While it was not our intention to bring inconveniences to the customers the main stake holder of the banking system, organisations are compelled to resort to the action. We caution the authorities to address the real problems of the public sector banks and not to resort to these  type forced mergers, thereby compelling the workforce to escalate the repeat collective repulsive actions.


5.         Comrades,   you have proved your commitment and absolute faith in executing the plan of actions drawn by the Nine Unions.


Red Salutes to everyone.


Comradely Yours,




Circular No. 28/VII/2018

December 30, 2018




ALL UNITS / STATE COMMITTEES                                                               








Central Trade Unions – AITUC,INTUC, HMS, CITU, AIUTUC,TUCC,SEWA, AICCTU, LPF and UTUC along with independent Federations/Associations of workers and employees have decided to observe two days strike actions throughout the Country against the present Government policies resulting in lot of problems in day to day life. The issues focussed in the action plan are:


[1] Curb the Price Rise of essential commodities, [2] Creation of new jobs, [3] Minimum wage of Rs.18000/p.m. [4.] Minimum Pension for all of Rs 6000/- p.m. [5.] Halt the disinvestment exercise of Public Sector Units shares [6.] Privatisation of PSUS [7.] Regularise the outsourced employees as permanent employees and [8.] Universal Social Security Coverage to all.


As far as our Industry is concerned bad loans have touched a level of Rs.13 lacs crores, Controller and owners of the Banking System have failed to arrest the growing trend through serious and severe measures. Indirectly they are facilitating the defaulters to choose the path of IBC thereby not to repay the loans back to bank thereby weakening the bank’s functioning. Introduction of FRDI Bill and its withdrawal was a right step by the people of the country and also all concerned in the Banking system. The latest game plan of the present Government is Amalgamation of Banks. They want to carry out the same in a breakneck speed.


In our meeting held on 17th Nov 2018 at Jaipur, participated by Seventeen State Committee Presidents and General Secretaries along with Secretariat members of our organisation, deliberated the emerging situation in our Nation and also in our Industry. After a detailed discussions and to give due importance to the majority state committees expressions, it has been decided to extend solidarity to the workers observing the two days strike on 8th and 9th January 2019.


All State Committees and affiliated units are to ensure to perform the officer’s duty and not to handle the clerical work in the Branches.


With Greetings,


Yours Comradely,





Circular No.27/VII/2018
December 29, 2018


Com.G.Gunasekaran, Treasurer of our organisation, popularly called as GUNA, breathed his last in the early hours of yesterday due to massive heart attack. He joined the bank in early 1970 as an Assistant Cashier in Pursawalkam Branch and involved in the trade union activities right from the beginning. Rightly identified by late Com.S.Lakshmanan, he commenced his innings in the trade union movement as a Branch Secretary and discharged his organisational functions in different capacities in United Commercial Bank Employees’ Union.

Consequent upon the foundation of AIBOA in Feb 1981 at Nagpur, in the foundation conference of ASSOCIATION OF UCO BANK OFFICERS, held at Tiruchirapalli, he was elected to handle the responsibility as Organising Secretary. In the subsequent conference, he was the natural choice to lead Tamil Nadu unit as the General Secretary. Step by step, he immersed himself in developing the new cadres and moved to the centre stage of the All India Federation as a general Secretary. He was able to win over the opponents by his convincing arguments thereby enlarged his influence and made the FEDERATION OF UCOBANK OFFICERS, as an respectable trade union Institution in the Bank. His experience in the area of defence was superb. Almost all officers irrespective of their designation and union affiliation, took advantage of his indepth knowledge. Thus he was a saviour too.

In the national level trade union involvement, he was identified by the then General Secretary Com.RJS as the Treasurer of AIBOA and continues to hold the position till last. His contribution and association with Com.RJS in establishing the TIBTUR at Mamallapuram was noteworthy. He was one who proposed to name the Institute in the memory of Com.RJS after his demise as RJS BHAVAN. In the State he was the President of AIBOA- TNSC till April 2018 and facilitated to induct young officers in the State body.

In the 7th conference of our organisation held at Hyderabad in December 2016, he was one who contributed to design and launch the logo of SAVE BANKING INDUSTRY from Bad Loans and that task can alone be achieved through the twin banners. His suggestion to hold the Youth Parliament preceding the Conference and make all of them as delegates to the three days session were of his foresightedness to make AIBOA as young brigade of officers movement. 

Though he underwent a medical procedure in 2003, he was active and attending to the assignments as usual without any hesitation or constraints of health. Best of the efforts by the doctors at the Hospital could not bear fruits, thus he too became the part of the history. He left behind his wife, a son and his family settled abroad and a daughter employed at Chennai and number of comrades who are reeling under grief unable to reconcile to the undeniable situation of unbridgeable void .


Yours in grief

Circular No.26/VII/2018

December 18, 2018




Dear Comrades,




IBA based on the authority received from the member banks engage themselves to negotiate with the Nine Constituents. While workmen have got the full mandate from Public, Private and Foreign Banks, Officers, in the initial stage got 12 Public Sector Banks’ authorisation to negotiate the wages for all the seven scales, seven PSBs had given partial mandates. On our collective representation by the nine constituents, on 27th Nov,17 and on 10th Jan,18 to Dena Bank and OBC respectively, they gave the full mandate to IBA for officTers’ revision. There are five Banks lagging behind to give the full mandate to IBA, though IBA advised the banks to revisit their decision as per the directions of CLC(C), after the conciliation proceedings on May28, 2018.;



Name of the Bank

Scale IV

Scale V

Scale VI

Scale VII

















Union Bank







Indian Bank














Bank of Baroda













The total officers’ strength in the Banking Industry as on 31/03/2107 was 378783. The officers mentioned in the above table ie 21455 working in the five banks are going to be used as a tool to deny the standardised structure of of wages to all seven scales in 19 banks, which continued for the 39 years ie from 1979 onwards.

To trace the relevance from the history;

1.    The Pillai Committee appointed for the purpose of Standardisation of Pay scales on 19th July,1973, submitted the report in May,1974,but the implementation was carried out in piecemeal wef 1/07/1979 and 1/10/1979 and for other banks subsequently.

2.    Central Pay commission appointed by the Government once in ten years implements the wages right from Class IV employee to Cabinet Secretary

3.    In the 6th Joint Note signed on 27th April,2010, on specific observation  made during the negotiations, the officers’ unions agreed to elongate the scales of Pay from Scale IV and above by one stage.

4.    In the last joint note signed on 25th May,2015,negotiating unions had agreed to introduce graded special allowance carrying D.A. thereon for Scale I to III, Scale IV and V, and Scale VI and VII.

As on date, 14 Banks have given the mandate for all the Seven Scales. The above mentioned 5 banks, have given truncated mandates. In normal circumstances, majority prevails over minority. Whereas, IBA had categorically stated that the minority banks decision will be imposed on majority banks. Ie 21455 officers will decide the future of 378783. What a paradox?

Really, it is a challenging time for the entire workforce in the Industry. Let us carefully trade the path, equally, we shall stand together to uphold the ideal philosophy of ALL FOR ONE and ONE FOR ALL.

Yours Comradely,



Circular No.25/VII/2018

December 6, 2018







Right from introduction of new economic policy [1991-93], commencing from Narasimham Committee I and II recommendations, an unimplemented agenda is “consolidation of Banks”.  Subsequent to the captioned report, reports after reports suggest the “consolidation exercise” should be expedited.  In 2005, Global Trust Bank [GTB] merged with Oriental Bank of Commerce, on account of external pressure from the owners.  The Balance sheet of Oriental Bank of Commerce carried the burden of bad loans of the “Global Trust Bank”.  In 2008, it was State Bank of Saurashtra [SBS] a bank involved in the Securities Scam along with Standard Chartered Bank willingly taken over by the parent Bank, State Bank of India.  The next one in the line was “State Bank of Indore.”  In 2010, SBI acquired the stake in State Bank of Indore a best performing bank in all parameters – a “mercy killing exercise”.  In April 2017, 5 Associate Banks along with Bharat Mahila Bank were merged with State Bank of India.  The net result of the exercise is increase in bad loans in “SBI”, closures of bank branches, 13000 reduction in manpower on account of branch closures and no fresh recuritment.

It is bolt from blue.  Bypassing the Parliament, the “alternative mechanism” apparatus had announced the “ amalgamation” of three Banks ie; Vijaya Bank, Dena Bank and Bank of Baroda on 17th September 2018.  Immediate protest demonstrations were held by Vijaya Bank Officers’ Union [VBOU] our affiliate throughout the country.   Nine constituents unions have also stepped up the protest action in the interim period.

One of the constituent Union has requested not to escalate the programme of agitations upto end of October 2018, hence there was a restraint on all of us.  In the recently concluded meeting held at Mumbai on 30th November 2018, it was decided to escalate our  collective resistance through an ALL INDIA STAY OUT STRIKE ON 26.12.2018 preceded by the following actions.

December 2018



       Letter to Finance Minister
Sending strike notice to IBA


Postering campaign


Demonstrations at all branches


Badge wearing


Centralised Demonstrations  




We advice that the State Committees and affiliated Units should mobilise the entire workforce in participating in the programme of actions.

The wolf is already at our doorstep.  Drive it out with all force at our command, lest the future will not pardon us.

Yours comradely,




Circular No. 24/VII/2018

December 1, 2018







Ø       Fixed Pay component increased from 6% to 8%

Ø            Introduction of variable pay – rejected

Ø       Direct Action on 26.12.2018 [Wednesday] opposing the amalgamation of three Banks


After a gap of seven weeks, yesterday, one more round of talks on wage revision was held by IBA .  Consequent upon the superannuation of Shri R.K.Takkar, former Chairman, Negotiating Committee, IBA, Shri  Rajkiran Rai.G, MD and CEO of Union Bank of India led the IBA team comprising of Shri P.S.Jayakumar, MD and CEO, Bank of Baroda, Shri Shyam Srinivasan, MD and CEO, Federal Bank, Shri Prashant Kumar, DMD, State Bank of India, Shri Mukesh Kumar Jain, MD and CEO, OBC, Shri V.G.Kannan, CEO, IBA, Shri G.Rajkumar, Deputy CEO, IBA, Shri S.K.Kakkar, Sr.Vice President, HR & IR, Shri K.S.Chauhan , Advisor, HR & IR besides officials of HR Department.  The representatives of nine constituents participated in the Negotiation.


2.         Chairman, Negotiating committee, IBA while reiterating their standpoints on their earlier offer, proposed to increase the offer from 6% to 8% on payslip components.  While this will be made available to all the workforce in the Industry, the variable pay of 8.2% would also made available [ie;] as per their earlier presentation, variable pay would depend upon Return on Assets [ROA] and operating profit.   Vijaya Bank and Indian Bank are the two Banks governed by the condition stipulated.


3.         While rejecting the offer of variable pay in toto, the representatives made an emphatic demand to improve IBA’s revised offer from 8% upwards.  In the same stretch, it was also placed that the mandate should cover all seven scales in all Banks.  At this point, IBA expressed that the issue of mandate is not the subject matter before this negotiating committee.  One of the Officers’ organisation has opted out of the discussion at this point time.  The whole exercise came to an abrupt end.


4.         The meeting of the nine representatives met immediately in IBA office itself to take stock of the situation due to sudden turn of events and subsequently at MSBEF office, Fort.  Com.Narendra Kotiawala, DGS,   and Com.V.Ramabhadran, Secretary, Convenor, Wage revision Committee and Com.V.Viswanathan, CC member participated besides the undersigned.  While the time is the essence of any advancement, it was felt the issue of full mandate and also wage revision talks to proceed on the parallel line.  At the end of the meeting, the debates were completed, but with no forward movement on our approach.


5.         17th September 2018, the Government’s decision to amalgamate the three banks Vijaya, Dena and Bank of Baroda, had thrown a new challenge to the entire workforce.  “Merger of Banks” is the only unimplemented agenda of Narasimham Committee I and II.  Merger of Banks in 2008, 2010 and 2017 led to pains and strains in the Industry.  Closure of branches, forced exit due to redeployment and closing the door for new recruitment are some of the main points on the staff side.  Mergers have led to accumulation of bad loans in the Banks.  The demonstrative example before us is SBI -increase bad loan portfolio.


Hence it was decided to observe “ONE DAY ALL INDIA STAY OUT STRIKE” on 26th December 2018, opposing the amalgamation of the three Banks.


Yours comradely,





Who controls the past controls the future

Who controls the present controls the past

                               =George Orwell=



Circular No.23/VII/2018

November 19, 2018













As decided in the Secretariat meeting held on 13th October 2018 at Mumbai, to prepare a road map for organisational actions pertaining to present attacks on Banking Industry – Amalgamation of three Banks, fresh attempts to bring in the concept of Variable Pay in the Wage Revision talks and also the collective decisions of four officers’ organisations on work -life balance for officers, a meeting of Presidents and General Secretaries of State committees was held at JAIPUR on 17th Nov,2018 along with the members of secretariat.


2.         The meeting was presided over by Com. Alok Khare, Vice Chairman AIBOA and subsequently joined by Com. Vinod Bakshi, Vice President AIBOA. At our invitation, Com.Mahesh Mishra, General Secretary, Rajasthan Pradesh Bank Employees’ Union attended the meeting.


3          The leave of absence was granted to Com.A.N.Suresh,President, Com.P.K.Bharuch, GS.AIBOA- Assam State Committee  Dr.Kumar Arvind, GS AIBOA - Bihar State Committee, Com.Sanjay Khan, President AIBOA-Delhi State Committee and Com.Sadhan Das, GS AIBOA-Jharkhand State Committee


4.         The meeting commenced at 10.40A.M., with the brief address outlining the purpose of the meeting by the General Secretary and emphasised the  focussed presentation on the issues listed out in the communication already circulated to the State Committees.  The role of State Committees in enlarging the activities with particular reference to the present crisis in the system as well as the wage revision issue was placed to the participants for a meaningful debate.  The circulars issued by the central office of AIBOA need to be reproduced by the State Committees with copy marked to AIBOA. 


5.         Com.Mahesh Mishra, General Secretary, RPBEU, addressed in a brief presentation, the attitude of the SBI management towards erstwhile SBBJ staff members and also the change in the behaviour of the representatives after the merger with SBI. The direction of the court in deducting the subscription, non  provision of the list of members from whom the subscriptions are deducted and direct attack on trade union by SBI were some of major pains inflicted on TUs. The health of SBI, every-body knows, from the print media that in 200 years history SBI, it booked loss for the first time after merger of 5 Associate Banks.  There is a need to conduct an independent study about the mergers carried out in the past to decide the same for future growth of the economy.


6.         The meeting was participated by 16 state committees’ Presidents and General Secretaries, representative from AIDBOU, President and General Secretary of KMBOA besides office bearers of AIBOA –Rajasthan State Committee, the host.  In all 21 representatives from the states, they presented their view points on the issues listed out. Com.Lokesh Mishra, representative of DBOU Rajasthan and Com.S.A.Sridhar, Vice President of AIBOA shared their expressions on pains and gains of merger respectively and also the steps that are to be initiated were presented by them.


7.         After the deliberations, the decisions were arrived at :


a. Merger of three Banks:  The pains of merger will have to be explained to staff members through cluster meetings; The problems relating to the customers particularly pertaining to interest rate structure, availability of services because of long relationship are also to be explained through a leaflet in vernacular languages; Approaching the peoples representatives in the respective states mainly and others through available communication channels and all other avenues to focus the issue. Due to Bad loans and the ineffectiveness of the authorities leading to the present stage are to be brought to the notice of Public at large. The poster campaign launched by our organisation has to be completed immediately by the rest of state committees without any further delay.


b. Wage Revision:                 With the present attitude of the Bankers on fractured mandates from five Banks and new proposal of variable pay based on ROA and Net profit.  The situation is really challenging. The nine constituents are to respond to the situation very effectively and immediately.  The need to raise the level of preparedness of the Officers to fight back the tendencies of the Bankers was discussed. The situation is pointing towards the direct action of the affected workforce in the Industry which is becoming inevitable.


c. Work Life Balance:           The programme launched on 02.10.2018 of not responding to the calls of the management from 20.00hrs to 08.00 hrs by officers needs to be escalated by the State Committees and also by the affiliated units on a continous basis, as the same is gaining moment.


d. Strike in Jan 2019:            The representatives were expressing the viewpoints on the strike call given by CTUS on the present status of the economy as well as the misrule by the Government. However, appropriate decision will be taken by the Secretariat depending upon the circumstances in due course.


 e. Organisation:                   As there is a repeated insistence on the conflicting interest between the State Committees and All India Bank wise Federations in the matter of remittance of subscriptions to state committees, wage revision levy and also on representations in the All India Body, it was proposed to have a specific reference to a committee consisting of the senior comrades in course of time. Notwithstanding the problems faced currently on account of transfers, there is an imperative need to establish the District Committees and raising the financial support is also an essential exercise which should not escape the attention of the organisers at State level. 


Vote of thanks:                      Com.M.A.Srinivasan, Dy.Gen.Secy, AIBOA profusely thanked the office bearers in general and Com.N.K.Sharma Gen Secy, AIBOA-RSC in particular for the excellent arrangements made to transact the issues listed in the Agenda by providing excellent ambience in a short time by co ordinating with all State Committees to make the exercise more meaningful and purposeful in content. Further the electronic media coverage, in spite of the elections in the State was impressive and also fine.


Onward march to build the organisation at States and at All India Level with preparedness to face emerging challenges in the Industry.


Yours Comradely




Circular No.22/VII/2018

October 14, 2018




ALL AFFILIATED UNITS / STATE COMMITTEES                                                               







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


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


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


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



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


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

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

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


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


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


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









Yours comradely,









The Chief Executive Officer

Indian Banks Association

World Trade Centre

Cuffe Parade







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


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

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


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


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


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


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


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


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


                                                                              Yours sincerely,


General Secretary

General Secretary

General Secretary

General Secretary







October 14, 2018











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


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


Please don’t be misguided by the false news.


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


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


Yours Comradely,





Circular No.20/VII/2018

October 1, 2018







Dear Comrades,






The discussion on wage revision, which was delayed by a month, was held at IBA office on 29th September 2018 in the forenoon.  The Chairman, Negotiating Team, Shri.R.K.Takkar, was on Video Conference, as he was recouping after a brief hospitalization. Shri. Prashant Kumar CFO SBI, Shri.Rajkiran Rai, Chairman, Union Bank Of India, Shri. Shyam Srinivasan, MD&CEO, Federal Bank ,Shri.V.G.Kannan CEO IBA, Shri.B.Raj Kumar, Dy.CEO,IBA, Shri.S.K.Kakkar Sr.Advisor ,Shri.K.S.Chauhan Advisor HR&IR, and other officials of HR department of IBA & the representatives from nine constituents attended the meeting.


2.  While initiating the dialogue, Chairman Negotiating Team, was categorical that the earlier offer of 6% on Payslip components stands, however enhancing across the board uniformly to all banks  may not find favour. As a via media, it was suggested by Shri.Prashant Kumar, CFO SBI, to go through the contents presented through power point presentation. The details are broadly as under;


·        Performance linked compensation will be incorporated;

·        The value will be over and above the increment agreed in the bipartite settlement.

·        Will be computed annually after declaration of annual financial results.

·        Operating Profit and Return on Assets are the key metrics.

·        Payout rate to be related to performance based tiring.


3. It was reiterated that the offer made earlier should be substantially raised. In turn IBA suggested to the unions to study the document presented through power point presentation and if any alternatives are there, they expressed that they are prepared to discuss the same further with the representatives.


4. While Chairman Negotiating Team, reiterated that the negotiations for officers are confined upto Scale III only, all the four officers organizations have categorically expressed that negotiations should cover all the seven scales and appealed to IBA to follow up with the five Banks, as they had taken up earlier with Six banks after CLC suggestion in the end of May,2018.


5. MERGER OF DA; As per the past practice the merger of D.A for construction of new scales, the proposal to merge 6352 points was suggested. The reaction from IBA is awaited.


We shall keep you informed the developments.


Yours comradely




Circular No.19/VII/2018

September 25, 2018










The 3rd Central Committee meeting of our organisation as per the notice, was held at RJS Bhavan, on 8th and 9th September, 2018 under the joint presidium of Com.S.S.Shishodia, Chairman and Com.A.N.Suresh President of our organisation.


2.         Preceding the commencement of the meeting, our organisational flag was jointly hoisted by Com. S.S.Shisodia and Com. A.N.Suresh, followed by offering flowers to the immortal leaders of our twin banners organisations Com. Tarakda and           Com. R.J.S, by all participants.


3.         The leave of absence from the meeting was granted to Com Alok Khare, Vice Chairman, Com Vinod Bakshi, Vice President, Com I. Harnath Secretary,              Com Tapan Sarkar, Joint Secretary and Com S. Janakiraman, Secretary TIBTUR, as they were held up due to certain circumstances, beyond their control.


4.         After a brief welcome address by Com.D.S.Ganesan, General Secretary AIBOA- TNSC for the successful completion of the two days proceedings, the joint presidium initiated the discussions as per the agenda listed in the Notice.


5.         IN MEMORIUM: The CC observed two minutes silence in the memory of the departed leaders and personalities whose contributions to build the society and also the national activities were invaluable and worth remembering in the annals of the history.  Sri Atal Bihari Vajpayee, Com.Somanath Chatterjee, Padmashree Arjan Singh, Sri Dr.Kalaignar Karunanidhi, Com.K.Chandrasekaran Nair, Dr.U.R.Rao, Prof Yashpal, Com.D.L.Sachdev, Com.G.L.Dhar, Sri Ajit Wadekar, Sri Kuldip Nayar, Ms.Gauri Lankesh, Com.T.R.Verma, Com.S.Lakshminarasaiah, Com.S.R.Sengupta, Com.Sudhakar Dhodapkar, Com.B.Srinivasan and Com.S.V.Krishnamurthi of Salem


6.         Com. V.Ramabhadran, Secretary and Convenor of the Wage Committee, read out the minutes of the proceedings of the 2nd CC held at Bengaluru on 12th and 13th August 2017, which was approved unanimously.


7.         A brief reporting covering the developments from the last CC till the current one, including on our Industry was presented to CC.  The points for discussion as decided in the earlier two CCs were provided to the participants to take forward the discussion in a focussed manner in our two days meaningful exercise.


8.         CONTRIBUTIONS TO REBUILD KERALA- GOD’S OWN COUNTRY: There was a specific mention about the Nature’s fury on Kerala State affecting all the districts and impact was deadly in reflections. To regain the same old kerala, as per the various reports, it may take between 5 to 15 years. On our part, we have immediately remitted Rs One lac to AIBOA Kerala State Committee to address the problems of unattended families whose situation did not attract anyone’s attention in Wayanad district. Our affiliate Kotak Mahindra Bank Officers’ Association was the first one to share the pains  and grief of the affected families . They have donated substantial quantity of home needs and supportive utensils too in the presence of elected representative of Kerala Assembly. We have so far collected Rs 6,50,000 from our affiliated units and well wishers and individuals. The collection will be remitted to AIBOA (KSC) for doing the needful.


9.         The third Central Committee meeting had the participation of 16 State Committees and 21 affiliated units including RRBs and Co-OP Bank. Twenty one comrades spoke on the agenda presented by the General Secretary in a crisp and focussed manner in the first day of deliberations, which lasted for seven hours from 10.45 to 20.00 hrs with intermittent breaks for lunch and tea.


10.       The second day proceeding commenced at 09.45 hrs and continued upto 12.00 hrs. On our invitation, Com.C.H.Venkatachalam, General Secretary AIBEA participated in the CC meeting, in midst of his organisational assignments.


11.       In his address to the CC, he unfolded the success achieved in Government officially withdrawing the FRDI bill because of the collective actions of people and also TUs, ever increasing bad loans in the Industry, the IBC route chosen by the Government to bail out the loan defaulters causing concern to the workforce, the joint efforts by the two organisations in facilitating to arrive at a conclusion of wages in IDBI, show of strength of Bank men under the banner Of AIBEA in 15th September 2017 Parliament Morcha appreciated by other constituents in UFBU, issue of fractured mandate given by five banks blocking the progress partially in the wage revision talks, need to enlarge coordinated approach in mobilising the membership of officers under the banner of AIBOA, attempt of the Government to amend the provisions of Labour laws through fixed term contract and on recognition of TUs in Industry, Efforts to cover Insurance and also Bank Trade unions under the banner of CCBIFU and its convention held at Delhi on 9th August 2018, and rejection of the demands of the Bankers in the matter of current wage revision. The need to participate in the national action plan of all CTUs which will be decided in the Convention on 28th Sept, 2018 at New Delhi to rest back the rights of the trade unions in our country.


12.       On Co-ordination issue in PNB, UCO and in UP State Committee, the problems encountered were brought to the notice of General Secretary AIBEA, as shared by the representatives of the individual units and UP State Secretary for appropriate corrective approach.


13.       15 comrades participated in the Second day proceedings. The broad consensus decisions arrived at are:

a.         The CC hailed the withdrawal of FRDI BILL by the Government officially due to pressures exerted by the TUS and also public at large.


b.         The singular noteworthy achievement made on Pension at par with sponsoring Bank by Com D N Trivedi, Convenor UFRRBU, Joint Secretary AIBOA and also General Secretary of AIGBOA was well appreciated by the CC.


c.         To participate in all action programmes of CTUs in defense of our TU rights.


d.         On work life balance approach, it has been decided not to attend to the SMSes and WhatsApp messages of the bank management between 8.00 P.M. to 8.00 A.M from 2.10.2018 and efforts should be made to envelope the other officers’ organisations.


e.         To achieve readership registration for our house magazine Two Roses, a minimum of 20% of their individual units membership to be enrolled on a war footing basis


f.          To stop the selling of thirty party products through banking channels,


g.         As Madhya Pradesh and Tamil Nadu units have implemented the decision of holding the Youth and women conventions, other State Committees also to complete the assignment immediately with required seriousness.

h.         Recruitment of Clerical Staff as well as officer staff should be taken forward by the individual units.


i.          The unwarranted pressures exerted on Branch managers on NPA recovery should be resisted and repulsed back and any untoward incidents on loan lending under MUDRA loan should be brought to the notice of Central office of AIBOA for necessary remedial actions.


ORGANISATION:  The periodicity of the meeting stipulated by the central office should be strictly adhered too.


The State Committees are to hold the CC meeting once in Six months preferably prior to the AIBOA CC so as to enable the participants to present the state issues in a proper manner in the CC for a fair decision and also to provide proper guidance. The Institute at Mamallapuram should be necessarily utilised once in 18 months by the affiliates. The state conferences of Goa, Jharkhand, Rajasthan and AP should be completed immediately as the time sought was overrun. The state committees should take initiative to form the co-ordination committee with the State Federations without any further loss of time. The consolidation exercise of AIBOA members under AIPSBOF should be achieved in a proper manner to avoid all problems for one reason or other for the betterment of the officers in Punjab and Sind Bank. Our affiliate in Central Bank should also initiate appropriate steps to consolidate the members under AIBOA as priority task.


14.       CO-OPTION: As recommended by UP State Secretary, Com.S.P.Shengar for representation of UP state which was unfilled in the 7th Conference, Com.Rajesh Tiwari ,President and Com. Anil Gupta, Joint General Secretary of UP State Committee were co-opted as Joint Secretary of AIBOA and CC member of AIBOA unanimously.


15.       ACCOUNTS : The audited accounts for the year ended 31.12.2017 was presented by Com.G.Gunasekaran, Treasurer AIBOA which was adopted unanimously. The implementation of the decisions taken in Ahmedabad CC held in April 2016 were placed for information ie expenditure incurred for refurbishing the RJS Bhavan within the sanctioned amount, providing a social security to two of the comrades working in the central office of AIBOA. The interest free loan granted to AIBOA (WBSTC) of Rs 3,00,000/ to clear the arrears of tax dues to KMC was also reported.


On Com.G.Gunasekaran, Treasurer, AIBOA suggested to enhance the compensation for handling the Two roses assignment by Com.S.Lakshminarasimhan, the CC agreed.


16.       FELICITATIONS TO SUPERANNUATED FUNCTIONARIES: Com Arvind Porwal, Com Bhaskaran, Com Nirmal Dutta, Com Narendra Kotiawala, Com Tapan Sarkar, Com K.S.S.Nair  Office bearers and Com.P.K.Das and Com Ajay Routhray, our past CC members from Delhi State Committee were felicitated on their successful completion of the assignment in the bank with a request to continue to serve TU under the banner of AIBOA in the respective states and banks.


Com.D.N.Trivedi, was specially felicitated for the singular achievement made by him in securing the benefit of social security to RRB workforce by his strong and relentless pursuit with a constant advice of the General Secretary of AIBOA from time to time.


17.       Vote of Thanks: Com.V.Ramabhadran, President AIBOA –TNSC proposed the vote of thanks and session came to an end at 15.00 hrs.


18.       COLLECTIVE WORK EXHIBITED BY THE LEADERSHIP OF AIBOA (TNSC). Right from receiving the participants till final conclusion of the two days purposeful deliberations in the refurnished RJS Bhavan, with a fine food arrangement and a simple and memorable memento are appreciated by all without exception.


Yours comradely,








                                                                                                                                            Camp: Mumbai 

Date: 29.09.2018 





Dear Comrades,  


Observe Work-Life-Balance, in letter and spirit


You are aware that the officers fraternity has been subjected to enormous stress due to ever increasing workload, inadequate staff, continuous pressure from multifarious controllers, over-ambitious targets, mis-placed business priorities, extended working hours et al. This has taken a heavy toll on the efficiency level and is the root cause of frustration and anxiety disorder resulting in depression, helplessness and life-style diseases viz Diabetes, High BP and Cardiac problems etc. Officers are constantly receiving SMS and instructions over WhatsApp messages even at odd hours. This has adversely affected their social and family life. Banking system has forgotten that an Officer is just not an employee of the Bank, but also a spouse/son/father/mother and an integral part of society. This situation has become intolerable as we find Officers are virtually chained to their official duties and have no respite, even while at home.


Work-Life-Balance is the need of the hour. Many top global companies are addressing this sensitive issue through various measures. State Bank of India has issued a comprehensive instruction addressing the need for a Work-life balance. However, the ground reality almost in every institution is that majority of the officers are stressed and do not have a work-life balance, which is attributed specially to the instructions received through sms and WhatsApp.


All four officers organisations have unanimously decided to address this menace. It has been decided to call upon all our Officers not to attend/respond to the ‘official’ SMS/WhatsApp messages, received from their Controlling Authority/Zonal Heads between 8pm and 8am.


We urge upon our members to respond to our clarion call and implement the instructions in letter and spirit forthwith.



Yours comradely,



          General Secretary              General Secretary                       General Secretary       General Secretary

                              AIBOC                            AIBOA                                           INBOC                      NOBO


Circular No.18/VII/2018

August 16, 2018


Dear comrades,

                                                      Nature’s Fury
                                                                     God’s own Country suffered immeasurable loss  
                                                       Normal activities brought to stand still
                                                       Extend help in ample measure

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

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

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

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

United Bank of India, Nungambakkam Branch

A/c Name: All India Bank Officers’ Association

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

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

Please reach us immediately.

Yours comradely,


Circular N0.16/VII/2018

June 15, 2018





Dear comrades,



AT CHENNAI ON 12.06.2018


To take stock of the situation in the Industry, after 48 hours of successful strike action by the banking workforce on 30th and 31st May 2018, a meeting of nine constituents was held at Chennai on 12.06.2018 at Hotel Abu Sarovar Portico, P.H.Road, Chennai under the Chairmanship of Com.K.K.Nair.


Our Unit was represented by Com.M.A.Srinivasan, Dy.Gen.Secretary, Com.G.Gunasekaran, Treasurer, Com.V.Ramabhadran, Convenor, Wage sub committee, Secretary, AIBOA besides the undersigned.  The prevailing situations in our Industry broadly are:


a.    The offer made by the IBA was meagre and refusal to negotiate the wage revision for officers above Scale III;

b.    Clamping of Prompt Corrective Actions [PCA]on Dena Bank and Allahabad Bank;

c.    Speeding up Banking reforms process viz., “Privatisation, merger of Banks, Velvet treatment to bad loans borrowers, FRDI bill and IB code etc.”;

d.    Irresponsible utterances by responsible peoples’ representative in the Government to stop the annual increment of the officers, who are failing to grant the Mudra loans;




a.    It was decided to meet the concerned authorities in MOF and also IBA, CLC[C] before reviving the programmes of Action in a higher form;

b.    Depending upon the response from the authorities, the future course of actions including strike actions in July and August 2018 will be decided ;

c.     “Bank Nationalisation Week” from 16th July 2018 to 21st July 2018 will be observed throughout the country.  The programmes will be released in this regard, in due course.


Let us prepare ourselves to face the future unitedly as the owners are known for delaying / denying the legitimate rights of the workers in our Industry



Yours comradely,



Circular N0.15/VII/2018

June 6, 2018











The sterling leader of Bank Officers’ movement under our banner, Com.RJS, had breathed his last nearly 5 years back on 15.06.2013.


In this world of “Survival of the fittest” he was the one, who established that a comrade who possesses the basic values of the trade union ie; conviction and commitment to the cause can too survive.


After the death of Com.Prabhat Kar, the founder President of AIBOA, in the conference held at Mumbai, he was elected unanimously, to succeed as the “First Man” of the organisation.  He stole the show at Malvankar Hall, Delhi in the year 1992   when he was called upon by Joint Presidium of the TU meeting to move the resolution of “opposing the new Economic Policy”.  His presentation was short, sharp and focussed, which made the then Industry leader Com.Tarakda to acknowledge his brilliance on the dais itself.  He was second to none in securing the rights and benefits to the officer’s community.  Equally he had the quality to “call a spade as a spade”.  When it was the need of the hour to hold the banner dear to the heart, he was a shining example. Nearly 2000 days,  he was on loss of pay, the turbulent days in the life of parent Bank’s, Base Union”.  To enable the Banking workforce to get an another option for pension in April 2010, he stood firmly with the then UFBU Convenor.  He took keen interest to establish close coordination with other Officers’ Unions and conducted the meeting of Officers in the metropolitan cities, which evoked tremendous response from rank and file.  His outlook on society was also “ an unique one”.


A leader par excellence emerged as an immortal by his contributions to the society at large.  In order to perpetuate the memory of this leader our organisation has arranged a memorial lecture “ The Impact of the policy of the Government on Public Sector undertakings” by Com.Lenin on 15.06.2018 at Com.C.S.Hall, A.K.Nayak Bhavan, Chennai-600 001 at 10.30 am.


To conclude:

Embrace sweet

Memories of past times



Bright hopes for all that is yet to come.

Yours comradely





June 3, 2018  
Dear Comrades, 

                                                               PRIVATE SECTOR BANK OFFICERS FORUM MEET AT BENGALURU. 

In background of growing attacks on jobs and jobs security and also move to take control of hard earned savings of employees and officers kept in the PF trust of individual banks, by Government of India, there was an urgent need to have the meeting of the PSBOF. In pursuance of the notice issued by the PSBOF Convenor, Com.K.Raghava, the meeting was held at Bengaluru today at Kotak Mahindra Bank Officers’ Association office at Basavanagudi, Bengaluru. The committee commenced its proceedings at exactly 10.30 a.m. 

2. The meeting was presided over by Com.S.A.Sridhar, Chairman, PSBOF, attended by the office bearers and committee members. Between the last meeting held at Kolhapur on 24/09/2017 and till date, the forum has added one more unit of old generation private sector Bank i.e. Nainital Bank Officers’ Association with majority membership of 300 members under the banner of AIBOA. Com.A.N.Suresh, President AIBOA also participated in the meeting. The participants from the five banks are: Com. B. Jayarama Naik, Com. K.Raghava, President and General Secretary, KBOO, Com. Suresh Gupta, General Secretary, AIJKBOF, Com. S.A.Sridhar, Com. G.S. Chowdary and Com. A. Chandrashekar, Chairman, President and General Secretary, KMBOA, Com. Deelip B.Dari and Com. K.A. Patil, Secretary and Vice-President, RBOO, Com.Chandrashekar Kanyal and Com. Sahil Khan, President and Vice-President, NBOA.  

3. In the introductory presentation Com.K.Raghava, the Convener, PSBOF made a brief account of the attacks on officers’ organisations by the Private Sector Bank management. After the welcome address by Com. Muthukrishnan of Kotak Mahindra Bank officers Association, the host of this meeting, the Chairman PSBOF took the agenda listed in the notice. The house was called upon to observe two minutes silence in the memory of Com.T.R.Verma, Secretary AIBOA, Com. M.Keshavayya, the founder President of KBOO and all others who have breathed their last during this interim period. The minutes of the meeting held on 24.09.2017 at Kolhapur was read and adopted the same unanimously. 
4. The undersigned was called upon to present the overall developments in the Industry in general and on wage revision in particular. In a 45 minutes presentation every important detail were shared right from the bad loans, behavior pattern of the IBA-Govt. combine, recent happenings in Private Sector Banks and the lessons to be learnt from the struggles in the Industry as well in the Individual Banks level too. Com.A.N.Suresh, President AIBOA, in his brief presentation, touched upon the developments in a lucid way and the role of individual unions in addressing the issues concerning Industry and also of the Wage revision matter. 

5. Com.Sahil Khan of NBOA, presented crisply the problems encountered by the unit in the matter of creation of a new vertical to have the digital venture by the parent bank, i.e. Bank of Baroda at a heavy cost and also the attitude of the management in dealing with the union, unleashing a threat against the union and attack on office bearers through transfers. Their new endeavour to present a memorandum to the Parliamentary Committee was also shared in the meeting. Next came to present the issue was Com.Dileep Dari, Secretary RBOO. The attempt of Regional Commissioner EPF to take over the control of the PF Trust based on the notification issuedby Government of India and need to take immediate steps by the parent body to halt the move, as it is too dangerous to allow the authorities to deal with the issue of hard earned savings of the employees and officers. The case has been posted for hearing on 16/07/2018 in CGITat Mumbai. There were healthy exchange of informations amongst the participants and more particularly from Com.A.N.Suresh, President, AIBOA. The house was adjourned for lunch for 30 minutes. 

6. On resumption after lunch, Com.Suresh Gupta, CC member of PSBOF and General Secretary of AIJKBOF, presented in a condensed way the complications faced by the organization due to varied issues due to the uncertain political climate in the valley. In spite of the grim situation, he shared the achievements made by the organization in the Bank. At the end, he assured the house to make his unit to fall in line with the decision taken by apex level organization in to-to. Com. B. Jayarama Naik, President of KBOO narrated the various developments in the organizational front as well as the behavioural pattern of the administration in the Bank in the current spell. Com.K.Raghava, General Secretary of KBOO pointedly presented the challenges encountered by the officers in the area of work- life balance, mid-academic transfers and the stresses and strains faced in their day to daywork, especially in cross selling of third party products etc. 

7. The host unit, KMBOA, General Secretary, Com.A.Chandrashekar, spoke about the pains encountered in handling the issues of members and due to the delaying tactics of the administration in day to day matter. The performance rating and incentive attached with that causing heartburn on a continuous basis. The denial of compensation to officers during the demonetization period is an issue shot down by the management due to contractual officers numbering 32000 in Kotak Bank being denied of the same. Com.S.N.Chowdary, President, supplemented the experience of the PF meeting held by Government of India at Mumbai and confirmed that the Bank has intimated the Government that they will continue with the present bank-wise trust approach. Com. S. A. Sridhar, Vice-President, AIBOA shared with the Forum about the dilatory tactics resorted to by the management of Kotak Mahindra Bank with regard to their Charter of Demands. 

8. The forum has decided to take up issues concerning the units, which are as under; 

     a. To extend support to the programmes of actions of NBOA, in the matter of merger with BOB and also curtailing the expenditure of Digital Vertical: 
     b. To take expeditious steps to tackle the issue of EPF trust with all authorities ie; MOF,MOL OF GOVT OF INDIA, CBDT and also through legal forum; 
     c. To take steps to form a co-ordination committee with all other old generation private sector banks who are outside the ambit of PSBOF; 
     d. To take all necessary steps to broad base the unity of the workforce in the Private Sector Banks and industry too. 

9. The next meeting of the forum will be conducted by the newly joined unit NBOA before end of September 2018. 
The customary vote of thanks was proposed by Com. S.K. Anandaram of KMBOA and ended at 5 p.m.

Yours comradely

Circular No.12/VII/2018  
31st May,2018.


Dear Comrades,

                                                                            48 HOURS OF STRIKE – PHASE  II

                                        REFLEXATION OF SEETHING ANGER OF THE BANKING WORKFORCE.

                                                  UNITY, STRUGGLE AND PROGRESS – OUR WATCHWORD.

                     Reports are pouring in that the repeat exercise of the first day has resulted in severely hitting  the banking operations today also. If we say that the Banking operations were brought to grinding halt,it is not an excessive expression. Demonstrations,Long march in soaring temperatures unmindful of external environment and near total participation of the workforce in the Industry should certainly attract the attention of the people at large and also various authoirties who are to decide the furture course of actions to avoid the confrontations with the collective force of the nine constituent unions.

2. The traders’ body has expressed that the 48 hours strike will impact transactions worth Rs 200 million. Digital transactions comprising of 5% of the total transactions had a severe hit as the servers in the Banks were brought to a halt. Eastern and North eastern part of the country have been totally shut the bank branches. In rest of the country the halt of the work is near total. Seething anger of the banking workforce and their personal  participation have demonstrated their conviction to take forward the struggle to a greater heights.

3. The mounting pains caused to the Institutions on account of Bad loans should not passed on to the shoulders of existing workforce. When the pay commission can decide the salary and allowances right from Class IV employee upto Cabinet Secretary,how come in Banks ,the Team IBA stated that they will negotiate only upto Scale III in the Banking Industry? How come the IBA accepted fractured mandate from Banks? The concept of majority will prevail over minority is attempted to be reversed by IBA. After

CLC counselling the representatives of IBA, now there is a communication addressed to SBI, PNB,BOB,UBI,IB AND OBC to revisit their decision on mandate. Should it happen like this?

4. Ultimately, it is IBA and Government combine  are solely responsible for the present situation in our Industry. The writing on the wall is loud and clear.


Onward march to forward movement in the talks,

Yours comradely,



Circular No.12/VII/2018

May 30,  2018




Dear Comrades,





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

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

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



Yours comradely,



Circular No,11/VII/2018

May 28, 2018

Camp: New Delhi.



ALL UNITS / STATE COMMITTEES:                                                                    





In response to the strike notice served on IBA for 48 hours strike commencing from 6.00 am of 30.05.2018 to 06.00a.m of 01.06.2018, Government of India, Ministry of Labour and employment fixed the date for conciliation, meeting at CLC office today at 11.30. a.m. On behalf of our organisation Com.S.S.Shisodia, Chairman and the undersigned participated in the conciliation proceedings.

2.  IBA team consisting of Shri.S.K.Kakker, Senior Advisor and Shri.Atul Gautam, stationed at Delhi participated in the meeting. Government of India representative Shri.S.R.Meher, Dy.Secretary, DFS attended the meeting. CLC and Additional CLC conducted the proceedings. Nine constituents representatives have too participated.

3.  While the proceedings were on right track based on the facts and figures on record, IBA’s non committal approach forced us to take forward strike of 48 hours. Linking the present conditions of the Bad loans in banks with the wage talks, is unacceptable besides the unconvincing stand on fractured mandate given by six banks forced to escalate the situation.




Yours Comradely,



Circular letter No.2/VII/2018

April 20, 2018






The first trade union of Bankmen of pre independent of India completed seventy two years of purposeful existence.  AIBEA, a trade union, par excellence true to the saying stood test of times as an effective instrument for a social change.

The foundation conference held on 21st April 1946 at Kolkata AIBEA adopted 15 resolutions in all, out of which same of them are reproduced hereunder.


Ø  That all Bank employees do exert themselves and exercise their influence to build up strong and healthy unions or associations all over India.

Ø  That all employees of Banks and Banking Institutions in India be granted privilege and casual leave at least according to fundamental rules as laid down by the Government of India.

Ø  That a minimum starting salary of Rs.75/- [seventy five] must be given to each employee of Banks in clerical cadre and Rs.40/- [forty] to each employee in subordinate – non clerical cadre all over India together with a reasonable dearness allowance and an annual increment of not less than Rs.10/-[ten] and Rs.5/- [five] respectively.

Ø  That the working hours of a Bank employee must not exceed seven hours a day [including one hour’s respite for Tiffin]

Ø  That Banks all over India must make provisions for Provident funds, Gratuity and or Pension for their employees.

Ø  That the security of service of Bank employees all over must be fully assured.

Ø  That the central committee be directed to start and organise co-operative societies for the benefit of the members of the All India Bank Employees’ Association.  This conference, therefore, urges upon the Government to introduce rationing all over India and upon the bank authorities to arrange for the supply of food stuff at concessional rates to their employees specially at those places where rationing has not yet been introduced.  The conference requests the Bank authorities to increase the dearness allowances so as to bring it at part with the amount paid by the Central Government.

Ø  That the central committee be and is hereby directed to move the different bank authorities to provide free medical aid to members of the staff.

Ø  That a fund be created by raising subscriptions and donations for helping the distressed employees and specially those who may loose their service for trade dispute ie; for their union activities.  The central committee be requested to take up this work immediately.

Ø  That the central Government be move to so frame the proposed Banking Companies Act as to make provision for co-option of at least one director in the Board of Directors from among the employees who will be an elected representative without the requisite qualification of a shareholder”.

The plight of Bankmen in the matter of minimum Basic pay for the workmen with Dearness allowance coupled with demand for leave speak volumes of “agony” and ‘torture” undergone by the elders of yester years.  Besides the demand for service condition, the foundation conference also demanded representation in the Board by a “non-shareholder” of the Bank.

From 1946 to 1966 took twenty years to win the Bipartite to lay the road for development in the service conditions.  It took nearly 26 years to win the right of representation in the Board of the Bank.

The achievements are on account of the selfless service and sacrifice made by the countless membership during the period of 72 years.

Struggles mean sacrifice.  Nothing has been achieved without suffering and sacrifice.  Great philosopher Socrates was completed to drink poison.  Galileo was exited.  Jesus Christ was crucified.  In our times, the Father of the Nation was shot dead.  All for what?  For speaking the truth and initiating the steps for the progress of man and mankind.

We lost the jewels of the movement Com.Prabhat passed into history while returning from Nizambad after inaugurating the then State Bank of Hyderabad Employees conference.  We lost the leader Com.H.L.Parwana, an officer at the age of 52, who lived for others and who was charge sheeted for organising the Trade union in Banks.  Com.Dada, who took the first and giant step a demanding action against loan defaulters on 4th September 1997 was faced with court case by a corporate entity.  He too passed into history while he alighted in the escalator at the airport on 02.05.2003.  AIBEA was shaped as an instrument with courage and conviction by leaders from almost all States.  The list is limitless.

While we draw inspiration to shape our future from the elders, the slogan of “one for all and all for one” coined and championed by late Com.P.K.Menon the founder General Secretary of AIBOA, who was commending the respect fro more than 3 decades in the State Maharashtra, has to pursued and promoted.

To the present workforce, it is relevant to quote:

“When you go home      Tell them of us           And also tell them     For their tomorrow     We gave today….”

While greeting AIBEA on 73rd Founding Day, the slogan of
Unity, Struggle and Progress” shall be truthfully implemented 
to secure the interest of the Nation, Institution and lastly the individual.

Yours comradely,


CIRCULAR No.6/VII/2018  
30th March,2018




Dear Comrades,


DATE OF EFFECT : 29-03-2018.

The Seventh Pay commission introduced with effect from 1.01.2016 recommended the revised quantum of gratuity payable to Government Employees was Rs 20 lacs. The Central Trade unions, even prior to the VII pay commission recommendations, have collectively demanded the enhancement of Gratuity, as one of the demand, in the charter of demand submitted to Ministry of Labour, Government of India.  There were two days Nationwide strikes in 2015 and 2016 by Central Trade Unions, in which AIBOA and AIBEA, participated in full measure. The Charter of demands submitted to IBA too included the enhancement of Gratuity.

The nine constituent’s strikes  on 28-02-2017 and 22-08-2017, focussed the issue of Gratuity enhancement along-with other issues haunting the banking workforce, in the background of demonetisation exercise by Banks. The pressures exerted by the workers belonging to all walks of life made the Central Government to concede this demand along with the Maternity leave of 12 weeks to 26 weeks.

To give the legal status to the Gratuity bill, the  laid down procedures were undertaken by the Ministry of Labour, Govt of India viz, Cabinet approval, Presentation of the Bill in both houses of the Parliament , President’s ascent, consultation with Ministry of Law and finally the issuance of Gazette notification by Labour Ministry. The exercise was completed and accordingly the date of effect of the Amendment to Gratuity Act was from 29th March 2018. The maximum quantum under the Act is Rs.20lacs.

In the past also, when the Government employees got the enhancement from Rs 3.5 lacs to Rs 10 lacs with effect from 1.01.2006, the employees governed by Payment of Gratuity Act 1972 were given the benefit from 24th May,2010.

The Gratuity under Act or the under Officers’ Service Regulations, whichever is higher is payable to the officer employees with effect from 29th March 2018.  AIBOA places on record its appreciation for the efforts and initiatives taken by CTUs more particularly AITUC in realising the demand from the unwilling hands of the owners as well as from the present Government.

With greetings,

Yours Comradely,



Circular No.5/VII/2018

February 28, 2018



Dear comrades,

v  Fight against the clause of “Discharge simplicitor” in Karnataka Bank by our affiliate

v  “Signature campaign a massive success” near 100% participation

v  AIBOA demands action against Private Sector Banks – “Gitanjali Gems”

We have informed earlier, through our Circular, the action of the Karnataka Bank management to terminate a young officer, having a service of 4 years and qualified as B.E., M.B.A., for the reason of “Under performance”.  He was a relationship officer in the Bank.

2.         Members of “Karnataka Bank Officers’ Organisation” [KBOO] a 100% membership organisation, at various centres assembled voluntarily and exerted pressures on the leadership of KBOO central office to draw the plan of actions against the moves of the management.  True to the principles of “TU ideology”, KBOO convened an urgent CC at Mangalore on 11.02.2018 with a single agenda – “withdrawal of the termination order served on Com.Shravan Kumar”.  It is heartening to note that all the 42 CC members attended the meeting and in one voice expressed that the management action needs to repulse back as the termination was an unacceptable one.  CC further authorised the General Secretary KBOO to chalk out the plan of actions in higher form, if need be depending upon the developments.

3.         It is heartening to note that nearly the entire membership affixed their signature in the memorandum addressed to M.D. with an appeal to withdraw the termination order.  The Office bearers stationed at Mangalore met the M.D. on 23.02.2018 and urged him to receive the memorandum signed by the 2700 members.  The M.D. of the Bank refused to receive the memorandum of 2700 members, but received the letter addressed by KBOO.

4.         The Bank, which is in process of undertaking the “transformation” exercise by engaging an external agency, prefers to reject / receive the humble appeals of 2700 officers.  This is happening at a time when the Bank has crossed a business mix of Rs.100000 crores .  Officers are considered as a Brand Ambassador of the Bank !!!    The growth trajectory is because of the Officers in the Bank.

5.         AIBOA has urged upon the Government of India to direct the Reserve Bank of India to initiate action against the new generation Private Sector, a consortium leader with the participating Private Sector Banks, who have lent money to “Gitanjali Gems”.  The recent directive needs to be enlarged.  It can’t be restricted to Public Sector Bank alone.

Comrades of Karnataka Bank, you are on right path.  You are pursuing the path of programmes on “Ahimsa” way.  Keep the organisational activities in proper tune and prepare the members for a long drawn struggle.

AIBOA stands with you in full measure, as the tool used by the management needs to be blunted immediately.

With greetings,

Yours comradely,



Circular No.4/VII/2018

February 26, 2018






Keeping in view the fast forward developments in our Industry, an urgent need was felt to take the stock of the situation by holding a meeting of the nine constituents at Chennai on 23.02.2018 at 14.30 hrs at Tarak Illam, Nungambakkam, Chennai.

The meeting was presided over by Com.K.K.Nair, Chairman, UFBU.  Our organisation was represented by Com.M.A.Srinivasan, Deputy General Secretary, and Com.G.Gunasekaran, Treasurer besides the undersigned in the meeting.

Com.S.K.Bandlish, Convenor [Off.] presented in brief the background and necessity to meet on an urgent basis.

The meeting observed two minutes silence in the memory of past UFBU Convenors, Com.S.R.Sengupta, Com.P.Lakshminarasaiah and Com.S.R.Bal [BEFI] a time tested leader of Bank Employees movement.

The minutes of the meeting held at Mumbai on 06.02.2018 were read by Com.S.K.Bandlish and the same was confirmed.  In the background of resorting the programmes of actions culminating in a direct action on 15.03.2018 and the unexpected developments in PNB , it was decided to defer the direct action on 15th March 2018, to realise the demand of “wage revision for all” in our Industry.

It was also decided to prevail upon the IBA authorities, who had cancelled the meeting on 21.02.2018 due to exigencies of the administration, to convene the meeting at the earliest, as the rank and file are restive.

Further it was also decided to conduct a “Dharna before Parliament” on 21.03.2018 to draw the attention of the authorities at the Government level, to expedite the investigation and also take stringent action erring staff and also not to come under pressure of CII and “Assochem” in the matter of “ownership of the Banks”.

To highlight our concern in the recent developments, it has been decided to conduct press meet at all State Capitals between 5th March to 10th March 2018.

Subsequently the four officers’ organisations met separately and decided to take up with CVC on the advisory on transfers as well as with RBI on the recent instructions on classification of advances.

A communication addressed to CVC on transfers was sent by four officers organisations on the same day.

Securing the job” and “jobs security” are the slogans as the forces are awaiting to destabilise the Public Sector character of Banking in India.

Please adhere to the programmes of action in each State without fail.

Yours comradely,



Circular No.3/VII/2018

February 14, 2017






In the background of the recommendations of Bhoothalingam Committee on Dearness Allowance pattern coupled with other issues like non settlement of wages for workmen due to black days of emergency of nearly “2” years and implementation of standardisation of wages amongst “Public Sector Banks” through Pillai Committee recommendations, made the first and foremost trade union of pre independent India, took a historic decision of resorting to “indefinite strike” in the Banking Industry along with AICOBOO led by Mr.L.V.Subramaniam.  At the last moment, when these preparations were at a high pitch, the then AICOBOO,  backed out at the instance of Government – IBA combine.  From the history, once the decision is taken, AIBEA never looked back, it has gone forward only.  Thus, the organisation, which had prospective vision of building the nation, Banking Industry and seeing the welfare of the workforce compelled to draw a plan of action to form a trade union of officers, having ideological orientation as that of the members of AIBEA, thus the emergence of AIBOA on 14.02.1981 at orange city, Maharashtra.  Com.Prabhat Kar, President, AIBEA in his presentation in the foundation of conference visualised the future crisis as under:

“To the members of AIBEA and AIBOA, I only want to say that ours is a class organisation and where the class interests have to be safe guarded, militantly and unitedly fighting against all the class enemies in whichever form they come.  Unity is the only way out and with that unity we shall over come all the attacks that will be launched and attempted to be launched by the employer as a whole.  It is coming to be immediately attended.  I can assure you, that AIBEA and AIBOA will not only move together, we shall face all attacks together, and we shall win and win.  That will be ours”

Further, the concluding remarks in the foundation conference of AIBEA late Com.Tarakeswar Chakraborti, General Secretary, AIBEA still relevant in our Industry:

“A strong AIBOA makes AIBEA stronger – Build up a strong AIBOA”.

Officer in the Banking Industry in the country unite.  You have nothing to lose except your sense of fear, helplessness, vulnerability and you have everything to gain.”

The founder General Secretary of Com.P.K.Menon, expressed his assessment of our role as:

“In the long run AIBEA and AIBOA alone can take the Bank employees to greater achievements and progress as historically both the organisations, its objectives, its philosophy and its principles are one and the same”.

The stormy leader in our movement and a loveable leader late Com.RJS in his assessment of the development in the Industry expressed that:

“ Unity in thought

Unanimity in decision

United in action

Succeeds and succeeds eternally

With the abounding involvement of rank and file

Led by an endearing leadership”

If we collectively take the essence of their expressions spreading over a period of nearly 3-1/2 decades, we have performed to our best of our abilities and also in the given opportunities.  Ours is the only organisation, submitted the complete details of Bad loans to the then President of our Nation, demanding corrective actions on all concerned.  But the space to be covered is enormous to secure the dignity and self respect to officers in the Industry, where the challenges are plenty and job roles are undergoing changes in quick succession..

To conclude:

“The woods are lovely, dark and deep. 

But I have promises to keep and miles to go before I sleep”.

With Founding day greetings,

Yours comradely,









Com.T.R.Verma, Secretary, AIBOA, breathed his last on 10th February,2018 at Medanta Hospital Gurugram (Haryana) around 11.30 A.M. He was ailing and bounced back to normal trade union activities. He attended our first secretariat meeting at Pune, in the second week of December 2017.

He was leading the AIBOA movement in Punjab National Bank as a General Secretary of All India Punjab National Bank Officers’ Federation (2012 to 2015), working President of AIPNBOF(2015-2018), and Zonal Secretary of Punjab National Bank officers Association Haryana- Chandigarh Zone.

By virtue of his organisational quality, he was the in the AIBOA Secretariat as Secretary from 6th National Conference held in Chennai in December,2011 till date, besides the responsibility to head the Harayana State Committee in an effective manner. With all trade union issues on co-ordination etc, he had never missed to hold the twin banners as apple of an eye. He was one to project that any attack on officer community, irrespective of the affiliation, has to be repulsed back to preserve the dignity and self respect. Late Ajay Sehgal , a Chief Manager, ill treated for not succumbing to the pressures of circle management to consider some of their directions, Com. T.R.Verma escalated an agitation at bank level and also at Twin banners level and established that Administration cannot brush aside the feelings of the grass root level officers of the Bank. He was the one who projected the fight against the double Standards and discrimination in the matter of departmental actions in PNB and held a massive Dharna in front of the then Head office Bank and subsequently remedial actions were initiated by the Bank. 

He was born in tiny village Toderwal (Patiala) on 01.03.1955, and retired from the bank as a Scale III officer, realising his commitment to TU movement, on his own he did not opt for higher promotion. He left behind his wife, one son and two daughters. On his becoming part of the history, the family members are poorer, and also members and comrades of AIBOA ,team of office bearers too. The void created is unbridgeable.
                                                                 COM. T.R.VERMA AMAR RAHE, AMAR RAHE.
Yours in grief
GENERAL SECRETARY                                                                                 

Circular No.2/VII/2018

February 12, 2018






In the Banking Industry, a new experiment is being attempted in the name of ‘transformation’ exercise, as per the advice of ‘external Experts’ by paying substantial compensation to them. This exercise is nothing but concentration of power at the corporate office, thus role of bank branches become certainly irrelevant. Such exercises, wherever attempted by the Banks, the performance of the banks suffered an irreparable loss of image, huge expenditure besides business nose diving seriously. One of the normal recommendations of the experts is to dismantle the bipartite apparatus, a time tested one for the past four decades. Change in the HR policy and resolution of the issues through bipartite system are the main subjects for the external experts. Instead of enhancing the theme of participative system, the attempts are afoot to reverse the system and bring back the old system of “master” and “servant”.

2         In Karnataka Bank, recently, an officer promoted from clerical cadre, who has put in 4 years of service, qualified as B.E and MBA and aged 30 years stood terminated in the Second week of Jan, 2018, under the specious plea of UNDER PERFORMANCE. He was designated as Relationship Officer (Scale I) who used to get the business leads, which are to be converted at the branch cluster level as a debtor or a creditor.

3        Karnataka Bank, which has crossed a business mix of Rs 1,00,000 crores in its 94 years of journey, as  a old generation private sector Bank, has resorted to ‘discharge Simpliciter’ exercise, which is consistently opposed  by unions i.e. Para 536 of the Sastry award. The method adopted by the management of the Bank has kick-started new type of dissatisfaction and reflections are nothing but ‘trust deficit’.

4        Our affiliate, KBOO, with 100% membership held its managing committee at Mangalore today participated by 42 members of the committee.  Preceding to this meeting, a mass meeting was held at Mangalore on 10.02.2018 in which 375 members participated. Com. V.Ramabhadran, Secretary, AIBOA addressed the mass rally and extended total support of AIBOA to KBOO and its members.

5        The CC in one voice authorised the General Secretary to take forward the programmes of actions, depending upon the developments culminate the same with direct action, if need be. While addressing the CC by the undesigned any attack on the dignity of the officer, shall have to be fought back and AIBOA stands totally with KBOO in getting the issue of termination resolved.







We extend total support to comrades of KBOO in full measure.

Yours comradely,



Circular No.1/VII/2018

January 8, 2018








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


The Government conceded our demand but they are attached the conditions of reforms [ie] consolidation through mergers etc.


In order to silence the strong voice of the people at large, an amendment to Banking Regulation Act – “Insolvency and Bankruptcy code” was brought in.  12 top accounts amounting more than Rs.2,52,000 crores is pending before National Company Law Tribunal[NCLT] for adjudication.

Through the NCLT total money will not come back to the Banks but accommodation of the big defaulters would certainly take place.


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


We have proved that the favourite issue of “financial inclusion” has been brilliantly implemented by Bankmen across the country thereby nearly 21 crores of accounts have been added with a total deposit of over Rs.70000 crores.  We need branch expansion to cater the requirements of the common people of this country.  At this point of time, Government is seriously pursuing the issue of mergers of Banks.  5 Associate Banks mergers with SBI had already led to closure of 1000 branches .  Further 200 to 300 branches, SBI is planning to close down.


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

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

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

Yours comradely,