ALL INDIA BANK OFFICERS'ASSOCIATION (Regd.)

 

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Circular No.30/VIII/2024

8.10.2024

To:

ALL STATE COMMITTEES / AFFILIATED UNITS

Comrades,

RRB  WORKFORCE  BROUGHT  AT  PAR

IN THE MATTER OF PENSION AS WELL AS COMPUTER INCREMENT

W.E.F. 1.11.1993

RRB workforce in the State of Kerala played a dominant role to achieve the N.I.T. award pronounced by Hon'ble Judge  Obul Reddy in the year 1989, which the principle of "Equal pay for Equal work" was upheld.

2.         AIGBOA in its steadfast approach presented to Apex Court that the "Pension in lieu of contributory PF" should be on the lines of the one introduced in Public Sector Banks with effect from 1.11.1993 by Indian Banks' Association.  Though, the apex court directed to effect the pension with effect from 01.04.2018, our affiliate pursued the issue of implementation  of the settlement of pension with effect from 01.11.1993.  In response to the contempt petition [Civil ] No. 1798 of 2018 in SLP[C] No. 39288 of 2012, Government of India came forward and filed an affidavit to extend the Pension scheme and Computer increment w.e.f. 1.11.1993.  However, Govt. of India needed time to effect the complete payment by 31.03.2025.

3.         In terms of the Apex court decision payment of arrears to existing pensioners / family pensioners upto 31.03.2018 who retired/died between 01.11.1993 and 31.03.2018 giving coverage along with consequential arrears to all those left out cases - Resignation, VRS, CRS, Medical incapability, Compassionate allowance in case of dismissal / removal / termination of service etc., who would benefit from the revised pension scheme from 1.11.1993 for immediate implementation.

4.         Govt. of India to file a compliance affidavit in Apex court by 18.10.2024. Ministry of Finance vide its letter F.No.8/4/2024-RRB dated 3rd October 2024 has directed to pay 20% of pension arrears, after receiving the due approval from the Board.  Individual RRBs to submit the compliance report to NABARD by 11.10.2024.

5.         In RRB, our organisation led by Com.D.N.Trivedi, who is the one, participated in all committees constituted by Govt. of India / NABARD from time to time and the one who championed the cause of RRB workforce in midst of stiff resistance by some vested interests If we state that he is a living link between the past and present, it not an excess in expressions

 

6.         AIBOA congratulate the leadership of AIGBOA for securing the "Cradle to Grave" facility to RRB workforce by systematic and consistent approach.  Keep it up.

With festival greetings,

Yours comradely,

/S.NAGARAJAN/

GENERAL SECRETARY


Circular No.29/VIII/2024

20th September 2024

TO ALL STATE COMMITTEES/ AFFILIATED UNITS

Comrades,

ALL INDIA PUNJAB AND SIND BANK OFFICERS’ FEDERATION-

11th TRIENNIAL CONFERENCE

AT CHANDIGARH.

As your aware that our affiliate All India Punjab and Sind Bank Officers’ Federation(AIPSBOF), is the recognised majority officers organisation in Punjab and Sind Bank and it was led by Com. Charanjeev Joshi as President and Com. Ratneshwar  Chaudhary as General Secretary.

2.         It was informed that the earlier decision of holding the conference was deferred for one reason or other for the best reasons known to the then General Secretary. It was also on record that the elected body In March 2019, was a out-lived one, as per the Bye -laws of the AIPSBOF.

3.         There were accumulated issues centring around the transfers of officers and almost all affiliated units of AIPSBOF were confronted with the attitude of the leadership of AIPSBOF.   All attempts to fight the attitude of the management by the units were stonewalled for one reason or other. Even the intervention of CLC (Central)  to facilitate workable solution confronted by the members was not handled in a best way to derive the advantage to the members. The then leadership of AIPSBOF was reluctant to resolve the issues at Head Office level.

4.         In view of the foregoing, an emergency meeting convened by the then President AIPSBOF at Panipat on 24.08.2024, adopted the resolutions supported by the overwhelming members of the Central Committee suspended the powers of the then Central Committee and decided to conduct the overdue conference of AIPSBOF on 15th September 2024 at Chandigarh (PUNJAB).

5.         The 11th triennial Conference of AIPSBOF was participated by more than 600 officers drawn from all parts of the Country. From AIBOA, Com. Ashwani Pradhan, Vice President, Com. Gurmeet Singh, Secretary, Com. Praveen Goel, Secretary, Com. Riyaz Bhat Joint Secretary, Com. G.S. Oberoi, Advisor and the undersigned participated in the Conference. Com. R.K. Gulati, Chairman Reception Committee, Com. S.P.S. Virk, General Secretary and Com. Joginder Tehri President AIPSBSO and Com. Rajesh Bansal, President Haryana Bank Employees Federation attended and greeted the conference.

6.         The 11th Triennial Conference of AIPSBOF unanimously elected a team consisting of Chairman Com. Praveen Kumar Goel, Vice- Chairman Com. Sanjay Kumar Handa, President Com. Paruduman, Senior Vice President Com. Gopalakrishnan, General Secretary, Com. Charanjeev Joshi, Deputy General Secretary Com. Ashok Kumar and Treasurer Com. Kuldeep Singh. Due representations were given to the delegates drawn from the states.

7.         We call upon the State Committees to extend required support to the state units of AIPSBOF to realise the demands listed as resolutions for the benefit of the PSB officers and work towards upliftment of the Bank, as we strongly believe and practice that the Public Sector Bank should command the heights of the economy.

Yours Comradely

/S.NAGARAJAN/

GENERAL SECRETARY


Circular No.28/VIII/2024

06.09.2024

TO

ALL STATE COMMITTEES / AFFILIATED UNITS:

Comrades,

Comrades,

MAJORITY WORKFORCE IN NAINITAL BANK LTD

FORCED TO OBSERVE THE

STRIKE ON 09.09.2024.

Members of Nainital Bank Officers Association, an affiliate of our organization, had observed a day’s strike on 15.06.2024, opposing the proposed dilution of equity from 98.57% by the parent Bank  Bank of Baroda to private parties, at the instance of the “Global Audit firm”. Realising the gravity of the situation, the workmen organization NBSA decided to observe the program jointly and accordingly the Strike was to be observed on 27.08.2024. The ALC Bareilly advised the both organisations to remain present in the conciliation proceedings on 27.08.2024. Respecting the invitation from the representative of the Government authorities, the strike could not be observed. But the conciliation exercise did not bear fruits. However, the management of the bank, invited for a discussion on 30.08.2024 the representatives of NBOA &NBSA.  The end result was nothing but, we were back to square one. 

2.         Both the organisations, NBOA and NBSA, representing the majority workforce in Nainital Bank have revived the strike call on 09.09.2024. Once again, they have been invited for a discussion by the Government Labour authority at Bareilly, today and the talks failed again.

3.         In view of the adamant stand taken by the management consistently, NBOA and NBSA shall observe the strike on 09.09.2024. The demand is pure and simple ie. The parent bank Bank of Baroda should take over the Nainital Bank Ltd, based on the recommendations of Committee on Petitions, and also as per the Controller of Banking System.

4.         Our State committees ie UP, Uttrakhand, Delhi, Haryana and Rajasthan should extend total support to the strike on 09.09.2024.

BANK OF BARODA SHOULD TAKE OVER THE NAINITAL BANK LTD.

ONWARD MARCH TO THE STRIKE ON 09.09.2024 OF NBOA AND NBSA,

Yours Comradely,

S.NAGARAJAN.

GENERAL SECRETARY

 


 

Circular No.27/VIII/2024

31st August 2024.

 

To

ALL STATE COMMITTEES / AFFILIATED UNITS:

 

 

Comrades,

 

COM. P.K.MENON FIRST ANNUAL MEMORIAL LECTURE.

AT SRIMAD BHAGWAD GITA SADAN KURUKSHETRA UNIVERSITY KURUKSHETRA.

 

In pursuance of the decision taken in the Central Committee meeting held at Mumbai in September 2023, the first memorial lecture to perpetuate the memory of Late Com.P.K. Menon, the founder General Secretary AIBOA was held at Kurukshetra University, Kurukshetra, organized by Department of Economics, on 14th August 2024.

 

2.        The memorial lecture was presided over by Prof. and Dean, Faculty of Social Sciences Shri. S.K. Chahal. Com. Rajesh Tyagi, Advocate Supreme Court and Com. Balbir Saini, a leading social activist were the prominent speakers on the occasion. Com. G.S. Oberoi, Chairman and Com.  Parveen Kumar Goel, General SecretarAIBOA (Haryana State Committee) were instrumental in working out the tie up arrangement with the University authorities.

 

3.      The Memorial Lecture commenced with offering flowers to the photo of Com.P.K.Menon, by Mr& Mrs. Gopi Kumar Menon and Ms.Geetha Menon son and daughter of Com.P.K.Menon followed by the guests and also office bearers of AIBOA who came to participate in the function.

 

4.        The  program  commenced  with  the  University  Kulgeet  followed  bthe  brief welcome address by Prof Ashok Chauhan, Chairperson Department of Economics. The guests present were offered felicitations by the leading lights of university from Academic front.   Department of Economic, Kurukshetra University, felicitated the Guests on the occasion.,

 

5.        Com.S.Nagarajan General   Secretary   AIBOA   i hi pointed   an brief presentation  explained  the  crisis  deepening  ithe  Banking  Sector  and  also  the  job security becoming the thrust area due to Technology invasion in the financial sector.

 

6.        Com. Balbir Saini, in his brief presentation, vividly described the political situation prior to the Independence of our Nation. The inputs were of importance in content.

 

7.        Com.  Rajesh  Tyagi,  Advocate  Supreme  Court,  who  gives  the  voice  to voiceless in the society, in his 70 minutes address unfolded the details of the deep crisis that was prevailing in the political system in the pre independence period and how transfer of Power was marred by violence. The division that took place in our country due to lack of political will of that period, which has cascading effects in our country and also the inept handling by the some of the revolutionary political outfits leading to chaos even today.

 

8.        Prof. S.K.Chahal, while presenting his remarks on the both addresses, covered and clarified the stand taken during that period adopted by the political parties as well as intellectuals of International repute. The presentation was backed up by  the research and analysis of various verifiable historical evidences.

 

9.        The function attended by Com.Ashwani Pradhan, Com.Riyaz Bhat, Com.Gurmeet Singh, Com.Charanjeev Joshi, Com. Sanjay Handa, office bearers of AIBOA Com.A.V.Vithal Koteswara Rao, Com.O.Prajith Kumar, Com.Vinod Kumar, Office bearers of AIBOA,   Com.Paruduman, AIBOA [HSC],   Com. B.P.Pahwa , Com. Pawan Kumar Gupta from IBOF, Com.Vinod Sharma and Com. M.S.Jaishankar Advisors participated in the memorial lecture. Com.Vishwas Utagi, and Com.Kaveeshwar from Maharashtra who were shaped by Com.Menonda in their trade union life too attended the function. Com.R.K.Gulati, a time tested comrade of the movement graced the occasion.

 

10.      There was also an interaction on the presentation made by the speakers.

 

11.      Com. Gopi Kumar Menon, son of Com. P.K. Menon, shared the down memory lane feelings of the bipartite discussions and his fathers total involvement in the organizational activities.

 

12.     Due to the paucity of time, the organizer had to come to a conclusion to complete the function with presentation of mementos by the office bearers of AIBOA, which was anchored by Com. Parveen Kumar Goel, General Secretary AIBOA -HSC.

 

13. We place on record that the arrangements made by the university authorities in general and Department of Economics, Kurukshetra University in particular besides participants from the student fraternity and representatives from various peoples organizations deserve a million thanks to them.

 

LET US REDEDICATE TO SECURE A BRIGHT FURTURE TO THE GEN NEXT IN MIDST OF TECHNOLOGICAL REVOLUTION, which is taking place.

 

Yourscomradely,

 

S.NAGARAJAN

GENERAL SECRETARY


 


Circular No.26/VIII/2024

26.08.2024

Camp: Bengaluru.

TO:

ALL STATE COMMITTEES / AFFILIATED UNITS

Comrades,

 

DISCUSSIONS ON RESIDUAL ISSUES WITH IBA.

             One more round of discussions on residual issues listed on 8th March 2024 was conducted by IBA with the all the unions, who are party to the current wage negotiations concluded with IBA on 8th March 2024 at Taj Bangalore today between 12.30 P.M. and 13.55P.M.

              2.         IBA team consisting of Shri. Rajneesh Karnatak, Chairman, Negotiating Committee IBA, Shri. S.L. Jain, (MD&CEO, Indian Bank), Shri. R.K. Sharma, MD&CEO, IDBI, Shri. Nidhu Saxena MD&CEO, Bank of Maharashtra, Shri. Rajesh Ingle, CGM BOI, CGM (HR) SBI, Shri. Gopal Murli Bhagat Dy. CEO IBA and Shri. Brajeshwar Sharma Senior Advisor (HR&IR) IBA participated in the discussions.

               3.         Representatives of the eleven unions were present in this discussion. Representing AIBOA, the undersigned participated in to-day’s discussions.

               4.         While initiating the discussions Dy. CEO IBA, with the formal welcome, suggested the members of the negotiating committee of IBA to share the developments taking place in our Industry. The Chairman Negotiating Committee expressed that the pressure to mobilise the CASA is the priority, as the deposit growth is not matching with growth of Lending, which was emphasised in the recent meeting held by Hon’ble Finance Minister Government of India on 19th August 2024. The Governor RBI and also the Secretary, D.F.S., Government of India had also stressed the need for sourcing the funds for the purpose of lending. Other team members of IBA also reiterated the position and the necessity to work towards the performance of the industry. MD&CEO, IDBI added the new area of concern [i.e] Cyber Security in the Banks.

                 5.         The Senior Advisor (HR&IR) IBA, while elaborating the issues, initially suggested the participants to complete the minutes prepared by IBA on PLI and Insurance backed Hospitalisation scheme by duly affixing their signatures. On PLI, it was made clear that the understanding in the meeting held on 15.06.2024 was out of the 8 parameters listed 5 parameters would be chosen by mutual discussions with the unions in the individual Banks on the modalities and also the Metrix. Whereas, it was responded that the managing committee of IBA has decided to give more flexibility to decide the issue of PLI at Bank level.  A hint was dropped instead of providing incentivization, it may lead to counter-productive.   Further, there was a reference made by IBA about the outsourcing clause mentioned in the earlier settlement and also the legal intervention/interpretation delivered by the Apex Court.

                  6.           RESIDUAL ISSUES:

                      
5 days Banking: Though IBA has taken up Government, the matter is resting with the Government.
                      
                      
Leave Bank: IBA has shared the note on the captioned matter. However, IBA expressed that the Tax angle should be examined.

                       Insurance Backed Hospitalization Scheme: RFP has been already floated. The developments in this regard will be shared.
                      

                       Conveyance Allowance for Physically Challenged Staff
: The circular was already released , enhancing the quantum from
                              Rs 400/- to Rs 600/ p.m.

                       Income Tax Exemption on Contribution of 4% made to NPS Optees: In the current budget, the same has been taken care of
                               by the Government.
                      
                      
Implementation Up-dation Pension and Ex-gratia to Private Sector Bank retirees: IBA stated thatthe matter is resting with Apex         
                                Court, still, ex -gratia has been considered in the current wage revision for Public Sector Bank retirees, it was submitted that since  
                                the Private Sector Banks were also party to Pension Settlement in 1993, payment of ex-gratia should be considered for them.
                      
                       Discipline and Apeal Regulations : It
was submitted that an exclusive discussion should be held, as the report submitted by the
                              committee needs to be revisited afresh. IBA agreed to the submission made.

                      
Compassionate Grounds Appointments: It was submitted that the compassionate ground appointments should be considered
                              delinking from the recruitment specifications stipulated by the Government.

                       SMG SCALE V officers
retired between 1.11.2017 and 31.10.2020 should be given the benefit of the first stagnation increment for the
                               purpose of pension with effect from 1.11.2024.  IBA, stated that  there was no fund available for the same.

                      
L.F.C. Monetisation: It will be discussed in due course.

                       Uniform cash hours and business hours : IBA stated that it is linked to 5 days banking

                       Staff Welfare Allocation: Though the Government has issued a revised guidelines enhancing the  quantum allocated but the basis
                               is still linked to net Profit. It was submitted the same should be taken up by IBA once again that the % should be linked to
                               operating profit and not on Net profit.

Thus, the discussions have been concluded.

Yours Comradely,
/S.NAGARAJAN/
GENERAL SECRETARY


Circular No.25/VIII/2024

21.08.2024

To:

ALL STATE COMMITTEES /AFFILIATED UNITS

Comrades,

OUR AFFILIATE NAINITAL BANK OFFICERS ASSOCIATION

ALONG WITH NAINITAL BANK STAFF ASSOCIATION

DECIDED TO OBSERVE ALL INDIA STRIKE ON 27.08.2024

           Our affiliate Nainital Bank Officers Association [NBOA] relentlessly opposing the proposal of "disinvestment" of the parent Bank's capital from the present level of 98.57% to private parties as advised by the "Global Audit Firm".  Relying on the advice of the Labour Authorities Government of India, a committee was constituted by the management of Nainital Bank in which the representatives of NBOA along with the undersigned participated.

            2.         The representatives have placed before the committee, the following proposal.

                          a.         The Board of Nainital Bank Ltd., should adopt the resolution for takeover of the Bank by the parent Bank-Bank of Baroda.

                          b.         The recommendations of the both "committees on Petition" should be scrupulously implemented.

                          c.         The controller of the Banking system did suggest to "Bank of  Baroda" to take over the subsidiary "The Nainital Bank Ltd.,"
                                        which needs to be implemented by the parent Bank.

             3.         Officers of Nainital Bank Ltd., earlier observed a strike on 15.06.2024 and the management of Nainital Bank remained totally non-responsive to settle the genuine issues raised by our affiliate.  In the meanwhile, there was hacking on the RTGS system was hacked causing loss to the tune of Rs.17 crores plus.  The officers are suspended pending investigation by the authorities.  Taking the developments in full measure to secure the safety and security of the total workforce, "Nainital Bank Staff Association" decided to participate in the strike on 27.08.2024 along with our affiliate, for which the strike notice was served on the management.

              4.         ALC, Kanpur, initiated the conciliation proceedings which was held on 14.08.2024 and management maintained their stand that the parent Bank "Bank of Baroda" is handling the issue of disinvestment and management of "Nainital Bank Ltd.", is not having the information of the said process.  As there was no resolution of issues listed in the strike notice dated 08.08.2024 our affiliate along with Nainital Bank Staff Association [ affiliated to AIBEA] have been forced to observe one day All India Strike on 27.08.2024.

                5.         We call upon the State Committees [ie;] UP, Uttrakhand, Rajasthan, Haryana and Delhi to extend support to striking workforce of Nainital Bank Ltd., and make it a resounding success.

Yours comradely,

/S.NAGARAJAN/

GENERAL SECRETARY


Circular No. 24/VIII/2024

16.08.2024

TO ALL STATE COMMITTEES / AFFILIATED UNITS:

Comrades,

ATTACK  ON  AN  INDIVIDUAL

AMOUNTS

TO  ATTACK  ON  THE  COMMUNITY.

          “Trade Unions are considered as an instrument for Social Change”, the saying goes. Right from the pre-independence period till today, the social well-being of the Nation and also   of the work- force in our Industry have been duly recognized and achieved by the trade unions only. Due to patriotic fervor, the Nationalisation of the banks (14) was achieved on 19th July 1969 in the first phase and in (6) the second one on 14th April 1980. It was secured by single handedly with a clear vision to make the finance available to people across the country by the founding fathers of the first trade union of bank union established on 20th April 1946.

2.         It is often expressed every now and then that a man once declared dead, with him all his actions of bad and good comes to end. One such inadvertent slip sparked into an instrument to divide the trade unions, which should have been totally avoided. However, bank management has stepped in,  in the avoidable controversy.

3.         In order to secure the respect the standing of the banking trade union and also the representatives of the bank wise organization, a national Strike on 28th August 2024 has been given by the first trade union of Bankmen -AIBEA- founded on 20th April 1946, in the pre-independence India

4.         While we extend the fraternal support to the workforce in the Banking Industry for participating in the proposed Strike Call on 28th August 2024, call upon our officer comrades not to handle the clerical work and also not to accept the keys of the departments in all offices.

With fraternal greetings,

Yours Comradely, 

/S.NAGARAJAN/

GENERAL SECRETARY.


Circular 23/VIII/2024

01.08.2024.

TO

ALL STATE COMMITTEES/ AFFILIATED UNITS:

Comrades,

NATURE’S FURY

GOD’S OWN COUNTRY

WORST AFFECTED.

The hilly areas of Meppadi in Kerala’s Wayanad district became the site of calamity as massive landslides swept through several villages killing 238 people. The whole of western Kerala, which is a hilly terrain with sharp slopes, is susceptible to landslides. The first landslide occurred was at 2.00 A.M and another one at 4.00A.M, when almost the people were in deep sleep.

2.         The tragedy struck in the midnight, which meant most of the dead were buried in their sleep., with little chance to escape. As per the assessment of the competent authority, this landside was the biggest landside related disaster in the State till now, at least in terms of the casualties so far.

3.         The Mundakkai Junction and Chooralmala have turn into Ghost towns. Buildings have been flattened due to sudden floods, mud filled pot holes and cracked land dotted with huge boulders are scenes in the both places. A lottery seller recounts the horror experience and his family’s miraculous late night escape. Another survivor stated that “I looked around and saw the river flowing all around us” Bodies were recovered from the river and around 200+ are still missing. 

 4.         The      authorities have already plunged into relief operations. However, the weather condition is not so favorable to hasten the process of resettling the displaced families in a safe place. Army Choppers have dropped the food and water for the stranded families and volunteers at the site.

5.         Our organization stands with the families at this time grief in full measure.  Our organization is known for identifying with the people who are in distress at all times and efforts are being taken to extend the required help through our AIBOA KERALA STATE COMMITTEE in due course. 

Yours Comradely,

/S NAGARAJAN/

GENERAL SECRETARY


Circular No.22/VIII/2024

29.07.2024

To:

ALL STATE COMMITTEES / AFFILIATED UNITS

Comrades,

INSURANCE BACKED HOSPITALISATION SCHEME

             The Insurance backed Hospitalisation scheme was brought as part of the understandings arrived at on 25.05.2015 [7th Joint Note] with Indian Banks Association.  The individual Banks which were having "in-house" mechanism of reimbursing the Hospitalisation expenses based on "AIIMS" rates were relieved of the strains of the processing of the bills of "in service" employees once and for all.

2.         As a matter of information, the present scheme was first offered by "K.M.Dastur" to "SBI" in the year 2012 through IBA.  The officer representative [AIBOC] at that point from AISBOF refused to be the party to the understandings entered into in 2015 thereby, the workforce in SBI is out of industry level understandings, till date.

3.         Our organisation sent a communication along with the executive summary of CAG Report on health insurance to the eight constituents in the earlier settlement period itself to initiate corrective steps in the matter of premium collected from in-service employees as well as retirees.  While concluding the understandings on 11.11.2020  [8th Joint Note] except minor changes like coverage part, no corrections were incorporated, inspite of adverse experiences at the ground level.

4.         As per our experience, in haste, on 19.07.2023 two unions forced others to arrive at an understandings on hospitalisation scheme, [ie;] introduction of uniform base policy of Rs.2,00,000/- with certain negative clauses incorporated thereby in service workforce is better placed than retirees.  Our organisation was not a party to the understandings 

5.         Owing to certain predecided approach by some of the unions, our organisation was compelled to seek the intervention of the judiciary, at Mumbai.  On 1.12.2023 the Hon'ble court has ordered to allow our organisation to participate in the discussions.  Still, IBA was reluctant to allow us to contribute in the exercise [ affecting officers] scheduled on 02.12.2023.  Once again, we sought the legal intervention.  Based on the order dated 6.12.2023 in the suit No. 2775 of 2023 delivered by the Hon'ble City Civil Court, Greater Bombay, our organisation participated in the discussions right from 07.12.2023 till the last one held on 02.07.2024 independent of other organisations.

6.         The IBA has initiated the process of "Request for proposal" for the period 1.11.2024 to 31.10.2025.  The shift in the approach are:

            *           The amount of coverage is Rs.4 lacs and Rs.3 lacs for officers and award staff [ in-service as well as retirees] instead of uniform base                             policy of RS.2 lacs.

            *           The commencement of the policy is also common as per the earlier understanding from 1.11.2024

7.         Further in addition to our organisation, Shri Rajesh Matkari representing [AIBASM] and Shri Amey Prakash Kandrailkar [ABKSM] and other eight unions too parties to all the understandings hitherto entered into with IBA right from 07.12.2023 till 02.07.2024.

8.         We shall circulate the minutes of the meetings duly signed by all participants, on receipt of the same from IBA.

 

The two most powerful warriors

are time and patience.

= Leo Tolstoy=

Yours comradely,

/S.NAGARAJAN/

GENERAL SECRETARY


Circular No.21/VIII/2024

17th July 2024.

TO

ALL STATE COMMITTEES/AFFILIATED UNITS:

 

Comrades,

19th JULY 2024 – BANK NATIONALISATION DAY.

The Nationalisation of the 14 banks on19th July 1969, was the day, that created a political turmoil in the ruling party. All types of obstacles were created by the votaries of private sector to reverse the decision of the Government of India. Even today, the pressures are built to see that the number of public sector banks are reduced in tune with the present Government’s earlier announcements.

2. OBSERVATIONS OF THE CONTROLLER OF BANKING SYSTEM:

   …… “The predominance of the Government banks in India has contributed to Financial Stability in the Country.   Experience has shown that even deterioration in bank financials does not lead to erosion of consumer confidence in such banks. This kind of consumer confidence does not extend to private sector Banks. “

3. SHAREHOLDING BY THE OWNER IN PSBS: (%)

SBI: 56.92;  CANARA:62.93:  BOB 63.97: PNB 73.15; INDIAN: 79.86 (MERGED ENTITIES)

PSB: 98.25:  IOB: 96.38 UCO: 95.39: CBI: 93.08 BOM: 90.97 and BOI: 81.41. There are press reports that some of the banks are contemplating to reduce the Government shareholding from the present level, as the time is ripe due to market upswing. The Public Sector banks booked a net profit of Rs 1.41,000 crores for the financial year ended 31.03.2024. Let us wait and watch for the Budget announcements with regard to Public Sector Banks.

4.         FINANCIAL INCLUSION -ROLE OF PUBLIC SECTOR BANKS VS PVT SECTOR BANKS:

S.NO

Description

Beneficiaries

Rural/S.Urban

 

Urban/Metro

 

Female

 

Total

AMOUNT

In Crores.

1.

Public Sector

25.72

15.31

22.59

41.03

178139.18

2.

RRB

  8.41

  1.40

  5.71

  9.81

  44982.98

 

TOTAL

34.13

16.71

28.30

50.84

223122.16

3

Private Sector

  0.73

 0.89

  0.87

 1.62

    6978.12

4

Rural Co-op

  0.19

-------

 0.10

 0.19

          0.01

 

Total

35.05

17.60

29.27

52.65

230100.30

[FIGURES AS ON 03.07.2024 GOI WEBSITE].

5.         CONTRIBUTION OF RRBS SPONSORED BY THE PUBLIC SECTOR BANKS/PVT.SECTOR BANK.

There are 43 RRBS functioning in our country, out of which 42 are sponsored by Public Sector Banks and One by J&K Bank. The break-up are: SBI: 14, PNB: 9 Canara 4, Bank of India, Bank of Baroda and Indian Bank 3 each; Central Bank: 2 BOM, UCO, Union Bank and IOB 1 each. The total business handled by them for the financial year ended 31.03.2023 was Rs10,19247 cr and 21995 branches are functioning in Rural and Semi urban branches. The RRB branches are equal to SBI branch network in our country.

6.         FINANCIAL STABILITY REPORT- OBSERVATIONS:

Low Bad Loans, higher provisioning, good capital provisions, satisfactory earnings paving way  for  the steady credit expansion are the relevant observations of PSBs report card. The break up details are as follows.:

                                                                                                          (Amount in lakh crores)

S.No

Heads

Mar 15

Mar 17

MAR 19

MAR 21

MAR 23

MAR 24

1

Gross Adv

66.9

 75.9

94.6

105.3

135.2

161.10

2

Gross NPA

 4.6

   9.6

  9.3

    7.4

    3.9

    2.80

3.

Net NPA

 2.5

   5.5

  3.8

    2.4

    1.0

    0.60

4

ROA (%)

 0.8

   0.4

 -0.1

    0.7

    1.1.

    1.30

5.

CRAR (%)

13.0

  13.7

14.3

  16.2

  17.3

  16.80

6.

LCR   (%)

96.3

124.9

128.9

158.9

144.6

130.30

7.

PCR (%)

41.7

  43.5

  60.5

  67.5

  74.8

  76.40

8.

SLIPPAGE(%)

  3.3

    5.9

   3 .9

   2.6

   1. 8

    1.60

7.         The public sector workforce is the one who stood with the test of times in the history of the nation. Be it may, the unscientific exercise of demonetization to have the treasure hunt of black money or the COVID -19 period, the services rendered by the workforce were of noteworthy.  We have been given the status of Frontline warriors by the Parliamentary Committee. But, the loss of life of the workforce during the COVID 19 period, how many of the dependents were immediately given job by the Bank were unknown. With adverse working conditions with least staff compliments at the branches, still we are discharging the duties. Are we really realized the relief of 5day week in our Industry as well as the compensatory system conceded by the Government is certainly inadequate when LIC workforce had secured twice the one from 1.08.2017 and the other from 1.08.2022.  

8.         Public Sector Banks are the nation building Institutions. They are preserved, protected and to be promoted with all required efforts with all seriousness. Threat of privatization as well as merger of existing public sector banks are looming large. Attempts to handover the Developmental Financial Institution like IDBI to private players are also on the card. The present political dispensation is also actively preparing the grounds for the same as per the print media reports.

9.         THE WAY FORWARD: To halt the Government from the contemplated attempts against Public Sector Banks, are we prepared to launch a sustained struggle like the 13 months farmers struggle, losing the members of the family and 14750 chargesheets and also present humiliation meted out to them recently by the Government.

” WE LIVED IN A WORLD WHERE ECONOMICS DOMINATED POLITICS.

NOW POLITICS IS DETERMINING ECONOMICS “

HAIL THE NATIONALISATION !   HALT THE PRIVATISATION !

AND DISINVESTMENT OF PUBLIC SECTOR BANKS.

Yours Comradely,

S.NAGARAJAN.

GENERAL SECRETARY


Circular No.19/VIII/2024

03.07.2024

To:

ALL STATE COMMITTEES / AFFILIATED UNITS

Comrades,

ALL INDIA PUNJAB AND SIND BANK OFFICERS FEDERATION

RESCIND THE STRIKE CALL ON 30TH JULY 2024 

AIPSBOF, our affiliate is under constant pressure to secure the transfer policy for officers in a transparent manner.  To achieve the set goal, last year there was a programme of agitation launched and a MOU was inked on 09.02.2023 by the President and General Secretary of AIPSBOF with the management of Punjab and Sind Bank.  AIPSBOF, in terms of the understandings submitted a comprehensive document on Transfer Policy for officers to the management for further discussions.

2.         Inspite of best efforts to maintain cordial atmosphere, the management of the Bank not only amended the transfer policy but also not adhered to the various provisions of Govt. guidelines, pertaining to "Female officers", "physically challenged dependants", "caregiver" and officers with children aged 2 years.  Efforts were made to iron out the differences, but there was no forward movement visibly experienced at the grass root level.  AIPSBOF was compelled to serve the strike notice to the management of the Bank with an intimation to CLC, New Delhi to realise the following demands:

            1.         Honor the commitments made in the MOU dated 09.02.2023 executed by             the management with our Federation.

`           2.         Implementation of GOI guidelines on transfer of female employees in PS                           Banks.

            3.         Uphold the sanctity of bilateralism in the matter of Industrial  relation matters

            4.         Victimisation and targeted attack / harassments on Union activists / office                         bearers.

            5.         APAR evaluation issues and its misusages / manipulation / forensic audit                          thereof.

            6.         MPP in Bank and is related issues

            7.         Repeated posting of officials in HO HRD /ZO/HRD cell etc.

3.         AIPSBOF representatives were invited for a discussion by the Bank yesterday at Delhi.  After a detailed discussions on men and matters a MOU was inked by AIPSBOF representatives with the Bank.

4.         CONGRATS to the AIPSBOF team led by Com.Charanjeev Joshi, President and Com.Ratneshwar Chaudhary, General Secretary for sorting out the matters with the management.

Thus the strike on 30.07.2024 by AIPSBOF is averted.

Yours comradely,

/S.NAGARAJAN/

GENERAL SECRETARY     


Circular NO: 18 /VIII/ 2024.

02.07.2024.

To

ALL STATE COMMITTEES/AFFILIATED UNITS:

Comrades,

VIRTUAL MEETING HELD BY IBA NEGOTIATING COMMITTEE.

            IBA, vide its email dated 01.07.2024, intimated that the Negotiating Committee of IBA to hold the meeting with the negotiating unions today between
11.00 am to 12.00pm
to discuss the following agenda items:

a)      Performance linked Incentive and b) Insurance backed Hospitalisation scheme.

  2.         The Team IBA was led by Shri. Rajneesh Karnatak, Chairman, Negotiating Committee and MD&CEO, Bank of India, Shri. S.L. Jain, MD&CEO Indian Bank, Shri. NidhuSaxena, MD&CEO, Bank of Maharashtra, Shri. R.K. Sharma MD&CEO IDBI, Shri. B.K. Mishra DMD SBI, Shri. GopalMurliBhagatDy.CEO IBA and Shri.Brajeshwar Sharma Senior Advisor (HR & IR).

  3.         Looking to the time schedule stipulated, our organization has sent a communication to IBA on both the issues yesterday itself. The contents of the letter are reproduced.:

  4.         IBA has informed that the Managing Committee of IBA has approved the revised parameters to decide the PLI as discussed in the earlier meeting held on 15th June 2024 and it is expected to issue an advisory to the Banks within couple of days.

  5.         On Insurance backed hospitalization Scheme, it was informed that the following inputs will be stipulated while calling for the RFP from the Insurance companies: Viz: [a]Combined policy for the workforce and the retirees [b]. For the workforce covering Domiciliary treatment and for retirees Hospitalization alone;[c.] critical illnessamount of Rs1 lacs (remain the same) [d]. Bufferof Rs 100cr + GST [e].Monitoring Committee – TPAs and also the right to delist the hospitals [f].Inclusion or deletion of dependents and g. Syncronisation of the commencement of the policy for the workforce as well as for retirees.6. The meeting commenced at 11.35 am and concluded at 12.35pm.

  6.         We have the information on hand that the SBI has cleared PLI for the financial year 2023-2024 based on grading termed as “AAA”, “AA” and “A” for the clerical staff up-to Top Executive Grade SS II ; Rs. 18,700 to Rs 6,60,000; Rs 6,200 to Rs 2,20,000; Rs3,100 to Rs 1,10,000; respectively.

  7.         In the earlier round of the discussions held on 15th June 2024, emphasis was more on the operating profit substantially earned by SBI and the workforce was unable to have the maximum benefit of PLI i.e. .15 days, thus new conditions were brought in for the discussion by IBA. It is certainly intriguing.

Yours comradely,

S.NAGARAJAN

GENERAL SECRETARY
===========================================================================================================================
IBA:BKS:112:2024

01.07.2024

[By E mail / Regd.Post]

Shri Brijeshwar Sharma
Senior Advisor [HR & IR]
Indian Banks Association
MUMBAI

Sir,

Re:      Virtual Meeting of the Negotiating Committee with Unions/Associations on 2.07.2024  11.00 am to 12.00 pm.

Ref:     Your email HR&IR/XIIBPS/AIBOA/ dated 1.07.2024.

 We  prefer to submit our organisational stand points pertaining to the two important issues listed for discussion in the meeting scheduled to take place tomorrow, as the time available is limited.

2. PERFORMANCE LINKED INCENTIVE SCHEME ;

  • For the financial year ended 31.03.2024, the payment of PLI to staff members should be based on the understanding in vogue as mentioned in the 8th Joint Note inked on 11.11.2020.
  • The managing committee of IBA has proposed the changes linking to 5 parameters out of 8 parameters to enable the individual banks to work on the same in consultation with the unions in the banks.
  • As the said proposal of IBA is the substitute to PLI Scheme inked as part of the 8th Joint note inked on 11,11,2020,  IBA should follow the same procedure of written understanding with the negotiating unions, at the Industry level.
  • Further, the individual banks, should also be suggested to engage the all unions on quarterly basis about the performance achieved in the 5 parameters agreed upon between the Banks and the Unions. The unions operating in the individual banks will be facilitated to keep the staff members to gear up to achieve the targets set for the financial year.
  • We have the information that State Bank of India has already advised the payment of PLI based on the grading for the financial year 2023-24.

3. RENEWAL OF INSURANCE BACKED INSURANCE SCHEME

  • It was proposed in the last meeting that there can be a combined policy for the serving workforce coupled with retired staff.
  • The scheme available in State Bank Of India for the serving and retired workforce should be made available to the workforce and retired staff.
  • There are various shortcomings encountered by the individual banks with the TPAs and Insurance company in settling the claim from 2015 onwards.
  • For example, we have submitted a live case of a serving officer, who is seeking the intervention of Insurance Ombudsman for settling the bills of around Rs 20,00,000.00 for the critical illness of his spouse. The role of the Insurance company in denying the claim speaks volumes about their working.
  • Utilisation of buffer provided by the bank and its disbursements to various banks are unknown except in one occasion, they presented through slides.
  • While finalising the scheme, earlier experiences faced by the workforce and retirees should not be allowed to recur.
  • The formation of committee at the bank level to sort out the grievances, time lines for settling the disputes etc should be taken care of.
  • The recent guidelines issued by IRDAI should be incorporated for effective implementation of the scheme.

Please acknowledge receipt.

Yours faithfully,

/S.NAGARAJAN/

GENERAL SECRETARY


Circular No.17/VIII/2024

19.06.2024

To:

ALL STATE COMMITTEES / AFFILIATED UNITS

Comrades,

v                            Disinvestment by Parent Bank - Bank of Baroda

v                           Nainital Bank Officers Association our affiliate observed strike on 15.06.2024

v                           Kudos to the NBOA members for their successful completion of the one day token strike
                       
-------------------------------------------------------------------------------------------------------------------------------------------------------------

           Nainital Bank Officers Association [NBOA] our affiliate is continuously protesting about the disinvestment exercise contemplated by the parent bank Bank of Baroda.  It is worth mentioning that the earlier attempt to have the "Digital Venture" at a heavy cost was thwarted by filing a complaint before the "Committee of Petition in 2018" Lok Sabha by NBOA.  In its findings, it had expressed that the parent Bank should merge "Nainital Bank" as the bank hold nearly 100% of the equity.

2.         Repeated exercise of talking to the authorities and also with the representatives of the people did not provide any relief.  The whole exercise is towards handing over the Bank to "Private parties" for which the Global Audit Firm is a facilitator.  The key person involved in this exercise was also directly instrumental earlier in the "digital adventure" also.

3.         Our representatives were absolutely reasonable and tried their level best to advance reasonable submissions to the authorities of the bank in countless time.  But the parent bank was adamant to concede the reasonable demand of merger of the bank with the parent bank Bank of Baroda.

4.         There was a conciliation meeting held at ALC, Kanpur on 07.06.2024 and the results were as expected, thus NBOA was alone forced to observe One day Token strike on 15.06.2024 against the move of disinvestment exercise by Bank of Baroda.

5.         Our representatives at UP [Lucknow], Haryana, Delhi and Rajasthan were directed to extend total support to the NBOA members who were on strike on 15.06.2024 for a realising a reasonable demand.

6.         The strike was supported by the "Staff Association" in the Bank.  The Officer members of NBOA have exhibited the right steps with courage and conviction against the moves of the parent Bank.

             We congratulate the membership of NBOA and also thank the Staff Association for their support to make the strike a successful one.

Kudos to NBOA leadership and also to the Members

                                                                                                who have participated in the strike on 15.06.2024

Yours comradely

/S.NAGARAJAN/

GENERAL SECRETARY


Circular No.16/VIII/2024

15.06.2024.

Camp : MUMBAI.

To

ALL STATE COMMITTEES / AFFILIATED UNITS:

Comrades,

GIST OF THE DISCUSSIONS HELD BY IBA TODAY.

IBA  held two rounds of discussions one on 18th April 2024 and other on 13th May 2024 on three issues Viz: Review of Ex-gratia to Retirees as mentioned in the 9th Joint Note inked on 08.03.2024, Profit Linked Incentive Scheme and improvement in the Hospitalisation scheme for serving employees and retirees.

2.         In continuation of the above two discussions, a physical meeting of the representatives of the trade unions who are party to the understandings on 8th March 2024 was  conducted today in the IBA office at Mumbai.

3.         The IBA team of Shri. Rajneesh Karnatak, Chairman Negotiating Committee and MD&CEO Bank of India, Sri. S.L. Jain, MD&CEO Indian Bank, Sri. Nidhu Saxena  MD&CEO, Bank of Maharashtra, Shri. Gopal Murli Bhagat, Dy.CEO, IBA, Sri. Brajeshwar Sharma, Senior Advisor, HR&IR, IBA along with HR officials participated in the meeting.

4.         The original proposal mooted in the last wage revision ie Performance Linked Incentive by IBA, was subsequently converted to Profit Linked Incentive by the collective efforts. The basis was Operating Profit. In the 9th Note inked on 08.03.2024, it was made clear that provisions in the previous joint notes which have not been amended, modified or superseded by this joint note, shall continue to remain force. In effect, for the financial year ended 31.03.2024, the Profit Linked Incentive should be based on the only factor “ Operating Profit.”

5.         In spite of the fact that the banks have booked operating profit, the matrix fixed in the last wage revision was not facilitating maximum benefit to maximum workforce, as per observation made by the Team IBA. It has been proposed  to lay down eight parameters viz.

·        CASA, NPA, SMA, Net Interest Income, Total Business, Profitability , ROA/ROE and Government Schemes.

Out of the above parameters mentioned, the individual banks may chose five parameters after the mutual discussions with the Unions and fix the matrix also. Depending upon the  cumulative scores secured the incentives will be from 5 days to 15 days payable at the end of the financial year.

6.         Thus Profit Linked Incentive introduced in the last wage revision at the Industry level is in the process of being converted to Performance Linked incentive to be decided at the Bank level. IBA is expected to issue the advisory to the banks on the above lines. If implemented, it will lead to a situation of deviating from the policy of uniform wages and service conditions for the banking industry who are party to IBA settlements. It may lead to further bank wise understandings and settlements.

7.         INSURANCE BACKED HOSPITALISATION SCHEME: The proposal articulated in the discussions were specifically centring around reduction of Premium and increase in the benefits. Suggestions made were Viz. Composite Policy for serving and retired workforce, Coverage as available in SBI, Involving SBI Insurance in the process of participating in the Expression of Interest, Exemption of GST, Constitution of Committee as per the agreement of 25th May 2015 at the bank level to settle the disputes, harassment of the TPAs for production original bills for processing the claims etc.

The further developments if any will be informed in due course.

Yours Comradely,

/S.NAGARAJAN/

GENERAL SECRETARY


Circular No.12/VIII/2024
01.05.2024.

TO ALL STATE COMMITTEES / AFFILIATED UNITS:

Dear Comrades,

1st MAY-
THE DAY TO BE REMEMBERED BY EVERY WORKER IN OUR INDUSTRY.
OUR SLOGAN OF 8TH CONFERENCE IS BECOMING MORE RELEVANT.


In 1886, a large demonstration took place in America where the workers demanded eight hours of work on a daily basis. Soon, the demonstration went out of hand and in Chicago lot of people got hurt. This incident came to be known as The Haymarket Affair. This incident marked the start of the International Day. In 1889, lot of likeminded organisations owing allegiance to welfare of the people came together to celebrate May 1 as International Labour Day.

2.TU RIGHTS AND PRIVATISATION: The assaults on the collective bargaining and other longstanding rights of workers are systematically denied due to the neo-liberal policies adopted by the rulers of our Nation. The sale and privatization of essential state provided services and entities related to healthcare, education, transport, water, electricity and energy provision directly assail not only the workers who face retrenchments, deteriorating working conditions, negative pension reforms and loss of job security but also the public at large who finds it challenging to access the privatized service on a commercial basis, resulting in increasing cost of living for them.

3.TECHNOLOGY LEADS TO REDUCTION OF MANPOWER: AI is a field of computer science that focuses on creating intelligent machines capable of performing tasks that typically require human intelligence. It has revolutionized various industries by providing advanced solutions and automation.

4.AI Usage in our Industry: Some of AI technology systems used in banking sector are robotics, computer vision, virtual agents and machine learning which enable enhanced digital reach to the customers but causing manpower redundancy.

5.EXPECTED RESULTS: AI can increase corporate profitability by 38% in 2035 as per an international report prediction. It further states that bank can achieve a substantial increase in volume of business/transactions with the same head count.

6. FROM THE PAGES OF HISTORY; The Greek philosopher Heraclitus once said that
Change was the only constant in life; Your strategies were different yesterday, different today and will be different tomorrow. While challenges and approaches may be different, remember that in the end what must be preserved at all costs are the core organizational values- pride, loyalty and commitment not to a person, but to the Institution, and between unions and management trust, mutual respect and charity.

7. TASKS ON OUR HAND: In terms of the decisions arrived at in the CC meeting held at Pune on 17th and 18th March 2024, the following issues are to be realized through sustained agitational programs in a planned manner by out State Committees:

     • 5 day week,
     • Up-dation of Pension on the lines of RBI.
     • Recruitment of the workforce.
     • Merger of RRBS with the sponsoring Banks.
     • Withdrawal of the pressure exerted by the banks on sale of third party products.
     • Restoration of OPS to the NPS optees.

8. GREETINGS TO ALL ON THE OCCASION OF THE INTERNATIONAL WORKERS DAY and pay our respectful homage to the workers of Chicago who fought for 8 hour work a day in 1886, which is yet to be realized by the officers in our Industry.

ONWARD MARCH FOR THE PREPARATIONS FOR A SUSTAINED PROGRAMS OF AGAITATIONS.

Yours Comradely,

S.NAGARAJAN.
GENERAL SECRETARY.


Circular No.11/VIII/2024
18th April 2024.

TO ALL STATE COMMITTEES/AFFILLIATED UNITS:

Dear Comrades,

MEETING OF IBA STANDING COMMITTEE ON HR
WITH THE UNION REPRESENTATIVES.

IBA vide its communication dated 17th April,2024 informed that a meeting of IBA standing committee will be conducted today between 4.00 to 5.00pm.
Another communication followed listing the issues for discussions

2. IBA Standing Committee HR headed by Chairman Sri. Rajneesh Karnatak MD&CEO, BOI, Deputy Chairman Shri. S.L. Jain MD&CEO Indian Bank,
Shri. Lal Singh ED BOB, Shri. Rajeev, CGM SBI, Shri. S.K. Rana CGM PNB, Shri. Arun Kumar CGM UBI, Ms Poppy Sharma GM CBI,
Shri. Manish GM,UCO, Shri. Gopal Murli Bhagat Dy. C.E.O IBA and Shri. Brajeswar Sharma, Senior Advisor HR&IR IBA participated in the discussions
held with union representatives. AIBOA was represented by the undersigned in the meeting.

3. The agenda listed for discussions were: 1. Ex-gratia for Pensioners including SBI: 2. Performance Linked Incentive Scheme 3. Any other matter with the
permission of the Chair.

4. The issues were piloted by the Senior Advisor HR &IR for discussion.
a. Ex-gratia for Pensioners: As there was an understanding to review the ex-gratia in April 2024 in the joint note, IBA expressed categorically that existing system
will continue up-to 31.03.2025, as the financials results are yet to be finalized by the bank and the availability of resources are also to be ascertained, hence
the decision to continue the payment with the existing one.
b. Performance Linked Pay : Reiteration of above stand was emphasized. However, subject to the finalization of the working results by the banks, IBA is
open to discuss the matter, as there was certain observations expressed by the then Chairman of Negotiating Committee IBA. On pointing out
the payment of difference in PLI based on the revised Salary from November 2022, team IBA expressed their affirmative approach In this regard.
The meeting lasted for less than 40 minutes and the agenda, any-other matter with the permission of the chair was not taken up by IBA.

5. On our part, on receipt of the intimation from IBA with the set agenda, we have submitted a letter containing the list of issues which are to be
clarified by the IBA as banks have also approached IBA. The letter addressed to IBA is reproduced overleaf.

6. To sum it up, the exercise carried out by IBA today, was to convey their stand on both the issues.

Yours comradely,

S.NAGARAJAN
GENERAL SECRETARY.
_____________________________________________________________________________________________

TEXT OF OUR LETTER NO.IBA;BKS;61;2024 SENT TO IBA

“Re: HR Committee Meeting scheduled to be held today.

We are in receipt of the communication addressed to our organization and the undersigned will participate in the proposed meeting scheduled to be held to-day.

2.In addition to the agenda listed under “any other matter with the permission of the chair” We request you to include and to respond to the following pertaining
to the 9th Joint Note On Officers’ Wage Revision. The present situation has arisen due to non-sharing of the joint notes with our organization earlier except
a fast forward power point presentation in the second week of February 2024.

•Stagnation Increments: The text part pertaining to stagnation increments and the fitment chart annexed to the joint note differs in quantum of increment
mentioned. It needs correction.
•INCREMENTS FOR COMPLETION OF JAIIB AND CAIIB : A detailed advisory needs to be released to the banks on priority basis as there is lot of
confusion among bankers as well as Officers.
•DEPUTION ALLOWANCE: The facility of drawing deputation allowance to an officer, who has been deputed to training Institute, which was established
decades ago, was available till 31.03.2024, is withdrawn. It needs to be restored back as most of the Banks are having Training Institute of their own at the
place where the Central Office of the bank is functioning. A serious departure from the past.
•Boarding/Lodging/Diem Allowance st the time of initial joining on Promotion/transfer: In addition to compensation on transfer, banks have different
facilities for officers at the time of joining the branch either on transfer or on promotion The said facilities should continue. The 9th joint note is silent on this matter.
•Discussion on Discipline and Appeal Regulations: The dates for the discussion should also be finalized.

3. We are confident that our above submissions will be taken for consideration.”
-----------------------------------------------------------------------------------------------------------------
 



Circular No.10/VIII/2024

15.04.2024

 

TO 

ALL STATE COMMITTEES/ AFFILIATED UNITS                                                                            

 

Comrades

IS IT A RIGHT STEP TO CONVERT THE BASE YEAR  CONSUMER PRICE INDEX FROM 1960 TO 2016 

Banking workforce gets the Dearness Allowance on quarterly basis based on the Consumer Price Index 1960 = 100 hitherto, for every rise and fall of four points. The Government of India, known for its fast forward approach in denying the legitimate rights to workers, introduced labour reforms. Consequent upon the steps, the revision of the base year from 1960 to 2016 for calculation of dearness allowance was announced in October 2020.

 

2.            The conversion factor stipulated is as under:

č  Converting the base year from 1960 to 1982, the multiplier is 4.93

č  Converting the base year from 1982 to 2001, the multiplier is 4.63

č  Converting the base year from 2001 to 2016, the multiplier is 2.88

 

3.            The consumer price index with base year 1960 has to be arrived at by multiplying the CPI of 2016 with 4.93 x 4.63 x 2.88 = 65.738 or 65.74. The merger point of 8088 (base year 1960 ) was arrived at 123.03 ( 8088/65.74 ).

 

4.            Quarterly average index:   Nov 22 to Jan 23 : 130.46 – 123.03 = 7.43%

                                                            Feb 23 to Apr 23 : 132.43 – 123.03 = 9.40%

                                                            May 23 to Jul 23:  132.93 – 123.03 = 9.90%

                                                            Aug 23 to Oct 23: 135.10 – 123.03 = 12.07%

                                                            Nov 23 to Jan 24:  138.80 – 123.03 = 15.77%

                                                            Feb 24 to Apr 24:  138.77 – 123.03 = 15.74%

 

5.            AIBOA was consistently echoing the upgradation of the DA compensation at par with LIC . While LIC got 108.10% neutralisation (base year 1960 =100) as approved by the Government of India in their last wage revision on 15.04.2021 , the banking workforce are getting only 100% neutralisation. Instead of achieving the same benefit as that of LIC, through collective efforts the base year was changed from 1960 to 2016. This change in base year from 1960 to 2016 is being opposed by Central Trade Unions since OCT 2020. It is claimed as a victory that the banking industry is the first one to adopt to the new base year of 2016. WHAT A PARADOX.?

 

6.            While computing the value in the standard consumption basket, Food items have not been given the due weightage, rather it is reduced from 46.2% to 39%. In Global hunger index, India is ranked as low as 94 out of 107 countries, even below Bangladesh and Pakistan. The linking factor for 22 years is 4.93 ( 1960 to 1982), for 19 years is 4.63 (1982 to 2001) and for 16 years is 2.88 ( 2001 to 2016) resulting reduction in the weightage of 62% in three years. The change in the base year from 2020 to 2016 is also very much intriguing.

 

7.            The Governor of RBI, Shri.Shaktikanta Das in the periodical meetings specifically focussed on containing the inflation caused due to  spiraling cost on food consumption etc. The basket to draw the 2016 index provided minimum importance to the weightage on food consumption.

 

8.            The three member committee constituted for revision of Dearness Allowance formula along with the management representatives finalised the same on 13.10.2023 but did not share the whole exercise to the other participating unions in the negotiations till the end.

 

9.            Be as it may, to accept the change in the base year from 1960 to 2016 series, the amount taken out from the kitty is very substantial, particularly for Officers. The said amount remitted back to the Kitty should have been utilized to provide reasonable and recognizable compensation to the “Branch Heads” who bear the wrath of all in today’s atmosphere.

 

10.   Banking Trade unions are the first to accept retrograde change in Consumer Price Index year in the financial sector,  though rejected by the Central Trade Unions.

 

 

Yours Comradely,

 

/S.NAGARAJAN/

GENERAL SECRETARY 

 


Circular No.8/VIII/2024

18.03.2024.

Camp: Pune.

TO ALL STATE COMMITTEES/AFFILIATED UNITS:

Comrade,

PROCEEDINGS OF THE SECOND CENTRAL COMMITTEE MEETING

AT PUNE

17TH AND 18th MARCH 2024.

In terms of the Notice issued on 10th March, 2024, the Second Central Committee Meeting of our organization was held at Taika Hall First Floor Shrirang House, J.M. Road, Opp.Jangal Maharaj Mandir, Shivaji Nagar Pune.

2.         The Central Committee Meeting was presided over by Com. Anil Kumar, Vice-Chairman and Com. A. N. Suresh, President of our organization.

3.         Com. Krishna Barookar, Secretary AIBOAand General Secretary Bank of Maharashtra Officers’ Association, while inviting the central committee members for participating in the CC meeting for two days presented the welcome address of Com Rajeev Tamhane, Chairman, BOMOA, for the benefit of the participants. He appealed to the member of the presidium and also the participants to pay respect to the founding leaders of AIBOA by offering flowers.

4.         IN MEMORIUM:

The house observed two minutes silence in memory of the following departed souls:

[1]Shri. Harmohan Dawan, former Union Minister;[2] Com. N. Sankaraiah, Freedom Fighter;[3]Com. Kanam Rajendram TU Leader Kerala; [4] Com.Basudeb Acharia, Veteran Leader of working class, [5] Com. Ananthalavattom Ananathan, Vice President CITU; [6] Dr.S.S.Badrinath, Founder, Sankara Nethralaya; [7] Dr.M.S.Swaminathan, Scientist; [8] Shri.K.G.George, Iconic Director, Kerala,[9] Sri.Sukhbir Singh Gill, Hockey Olympian; [10] Historian R.Champakalakshmi; [11]Sri.Bangaru Adigal, Melmaruvathur [12]Captain Vijayakanth, [13] Com.Sarabjit Singh, President AIPNBOF

5.         LEAVE OF ABSENCE GRANTED:

OFFICE BEARERS

[1] Com Alok Khare; [2]Com Dr Kumar Arvind; [3]Com D S Ganesan; [4]Com K Raghava; [5]Com Ghanshyam Sharma; [6]Com Tapan Sarkar[7]Com Aswani Kumar Saini.

C .C. MEMBERS

[1] Com Ghanshyam Srivastava[2]Com Shylendra Rajpal[3]Com P K Abrol; [4]Com Arvind Porwal  [5]Com V Vishwanathan,

6.         CONFIRMATION OF MINUTES:

The confirmation of the minutes of the last committee meeting held at Mumbai on 14th& 15th of Sep 2023 was presented to the Central Committee by Com V Ramabhadran , DGS and was approved by the house.

7.         REPORTING ON THE 9TH JOINT NOTE ON OFFICERS’ WAGE REVISION:

A detailed reporting on the journey undertaken by the organization from 22nd Jun 2023 upto 6th Dec 2023 culminated in inking the MOU on 7th Dec 2023 through legal intervention. Subsequently AIBOA was represented in the discussion held on 11th& 12th Jan 2024, 13th Feb 2024 culminating in conclusion of the 9th Joint note on Officers’ wage revision on 8th Mar 2024 in Mumbai. The house was appraised about the efforts taken by AIBOA to secure the recognition by 12 signatories to the 9th joint note. The efforts to stonewall our participation till the penultimate day of signing the Joint Note by our adversaries were blown off. The negative inputs in giving a true reflection of the feelings were explained in detail viz., five days week and monetization of LTC on the lines of SBI scheme

The communication addressed by Com. Alok Khare, Chairman was placed to the committee for the better understandings of the developments and also the unfinished agenda of important in content and nature pending for the execution

In all 22 participantsspoke on the joint note making valid inputs to be taken up with IBA for necessary clarifications.

8.         ORGANISATION:

7 Participants spoke on the organization and reiterated the necessity of shifting our focus on developing the membership in the respective banks through effective campaigning. The representative from the Nainiatal Bank Officers’ Association Com PravenRabat presented his organizational viewpoint and sought the wholehearted support of AIBOA in extending support to the agitation call observed in stages likely to culminate in direct action. Our affiliate has demanded from the parent bank Bank of Baroda, which is holding 98.57% of the equity holding should merge the subsidiary – Nainital Bank ltd with them. It was unanimously decided to extend all support to the comrades who have plunged into agitation to achieve their demand of merger with Bank of Baroda.

The CC had the benefit of the development in almost all banks. The sufferings of the officers in the matter of discharging their daily routine and also unleashing of attacks in different ways to curb the benefits otherwise eligible to be granted to them in one form or other. The CC decided to initiate the appropriate steps to reverse the same by taking up with the bank managements through our affiliates.

The first day session came to an end at 7.40 pm.

9.         PROCEEDINGS OF THE SECOND DAY:

The status report of the action initiated of the decision of the central committee were reiterated more specifically conducting of the overdue State Committee conferences of Bihar, Maharashtra, Gujarat and Rajasthan and also formation of women’s cell by UP state committee. The state committees were advised to complete the organizational assignment by 30th April 2024. The merger of unions in Indian Bank and erstwhile Allahabad Bank should also be completed by 30.04.2024.

Issues to be taken forward for realisation through sustained campaigns/phased agitational exercises:

[1] Five days week[2]Updation of pension on RBI lines[3]Recruitment[4] Merger of RRBs with sponsoring banks [5] Undue pressure on sale of third party products[6] Realisation of OPS for the new pension optees.

 

10.       DECISIONS ON ORGANISTION:

      i.        Consolidation Efforts:       A small committee consisting of 5 members has been formed to take forward the organizational consolidation. The members of the committee are:

Com Devdas Menon, Com Anil Kumar, Com A N Suresh, Com V Ramabhadran and one or two members may be included for wider consultations;

    ii.        On ratification of the decision to grant affiliationto ALL INDIA BANK OF BARODA OFFICERS’ UNION shall be done after adhering to the provisions of the byelaw with a shortest period of time.

   iii.        All India Federation of UCO Bank Officers – it was decided to seek the legal intervention to secure the genuine affiliation of  that federation with our organization. The request to grant them a financial assistance of Rs 2 lacs by way of a loan was approved.

   iv.        Updation of pension– Appropriate steps to realise the updation of pension on the RBI lines proposed was approved unanimously.

    v.        Recognition of the service rendered by our legal counsels– The CC recorded its appreciation for the sterling role played by Shri BhaveshParmar, Shri Rahul Gaikwad and Shri Aman Jhawar in securing the rightful recognition for our organization in the current wage revision with IBA.

   vi.        Extending help to All India UTI AMC Officer Association– As presented by ComVishwas Utagi, Chairman All India UTI AMC Officer Association, the CC assured its organizational help at all times to realise their long pending demand of pension of the UTI AMC Officers.

   vii.        LEVY: The CC unanimously approved collection of levy @ 2% of net arrears, 1% of which is to be remitted to headquarters 50% of which will be remitted to various state committees and the remaining 1% to be retained by the bank level units.

 viii.        Mid-course corrections: During the period travelled between Mumbai to Pune CC, there were certain un intensional slips in the functioning. We shall take steps not to allow the occurance of the same in our functioning.

 

    ix.        Felicitations;

 

Ř  Com A N Suresh, President who retired on 29th Feb 2024 was offered a shawl by Com V Anil Kumar, Vice Chairman

Ř  Com.Anil Limbachiyawho took VRS  as Chief Manager from PNB was offered shawl by Com Devdas Menon, DGS.

Ř  Com Sanjay Handa, who retired on 30th Nov 2023 was offered a shawl by Com V Ramabhadran, DGS

Ř  Com R Jawaher, Treasurer who retired on 31st Aug was felicitated by offering a shawl by Com S K S Sengar, advisor.

 

This central committee was attended by 57 comrades from 19 state committees.

 

Bank of Maharashtra Officers’ Association carried the goodwill and sincere appreciation of all participants for smooth conduct of the two days proceedings without any problems. The leadership provided by Com Viay Meshram, President, BOMOA,/Joint Secretary of AIBOA, Com Krishna Baroorkar, Gen Secretary, BOMOA, /Secretary of AIBOA deserves a million thanks due to their strenuous efforts to make this central committee a result oriented one.  Both the representatives were felicitated by Com Anil Kumar, Vice Chairman and Com A N Suresh, President.

 

ONWARD MARCH TO REALISATION OF OUR DEMANDS

THROUGH SUSTAINED PROGRAMS  OF AGITATIONS.

 

Yours comradely

 

/S NAGARAJAN/

GENERAL SECRETARY


Circular No.7/VIII/2024

08.03.2024.

Camp: Mumbai.

TO ALL STATE COMMITTEES / AFFILIATED UNITS :

Comrades,

 

IXth  JOINT NOTE ON OFFICERS WAGE REVISION.

CONTENTS IN CAPSULE.

Our organisation which contributed immensely in the conclusion of 8th Joint Note on 11.11.2020 at Mumbai, could step into the negotiating table on the last day on 07.12.2023, through legal intervention. Between 22.06.2023 and 6.12.2023, three committees were constituted viz: 1. Committee on Dearness Allowance 2. Committee on Leave and LFC and 3.Committee on Discipline and Appeal Regulations. AIBOA could get into the Discipline and Appeal Regulations once again through legal intervention only. Hence, there are lot of gaps and retrograde provisions are visible, due to the attitude of the King can do no wrong  our attempts to correct the situation was not appreciated/accepted and there is absolute lack of transparency in addressing issues like DA Series switching over from 1960 to 2016, at a heavy cost paid from the allocated amount of Rs 8284.23 crores.  To remain relevant to secure the future of the officers, Our team headed by Com. Alok Khare , Chairman and Com. A.N. Suresh President  along  with the undersigned and other office bearers were to sign the IXth Joint note to-day at Mumbai, the financial capital of the country.

We provide the contents in a concise manner:

1.SCALES OF PAY :

  Scales  1.     Rs 48480/ 2000*7/ 62480- 2340*2/ 67160-2680*7/ 85920.

               2.     Rs. 64820/  2340*1 /67160 / 2680*10/  93960.

               3.     Rs. 85920/  2680*5 / 99320/ 2980*2 /105280

               4.     Rs. 102300 / 2980*4 /114220 / 3360*2 / 120940.

               5.     Rs. 120940 / 3360*2 / 127660 / 3680*2 / 135020

               6.     Rs  140500 / 4000*4 / 156500.

               7.     Rs  156500 / 4340*4/  173860.

2. DEARNESS ALLOWANCE:  1.0 % of pay per point variation of fall or rise

over 123.03 points of    2016 = 100.

                                                Nov 22 Qr.                7.44%             Feb 23  Qr  9.40% 

May Qr. 9.90%    Aug   12.07%         Nov 23 15.77%.

3. STAGANATION INCREMENTS:  Scale I. II, and III. –    additional 2 increments.

                                                      Scale IV,V,VI and VII –  additional 3 increments.

4. H.R.A.                                       :   H.R.A. increased 1%  ie 8%, 9% and 10%.

5. C.C.A.                                        :   Rs 2300 and Rs 1900 respectively.

6. Location Allowance.              :  Rs  1200.

7. Learning Allowance.              :  Rs  850.

8. Special Allowance.                 :  Scale I  : 26.50%, Scale II & III  28.30% 

     Scale IV& V 30.50%

                                                     Scale VI & VII 31.50%  

9. Fixed Personal Pay.                :  Rs 2,680, Rs 2980, Rs 3,360, Rs 3680, Rs 4000

      and Rs.4340.plus D.A. as on 1.11.2017                                                    

10. Professional Qualification

       PAY                                     :  PQP I Rs 1370 PQP : II Rs 3425 and PQP III Rs 5480. 

11. Mid Academic Year All.          : Rs 2,500 p.m. per child max 2 children. 

  12. Closing Allowance.              : Rs 1500.00 per quarter.

13.
Medical Aid                            : Rs 13,000 and Rs 15400.00

14. Compensation on transfer     : Scale I -III.   : Rs 40,000.00 and

      Scale IV –VIII Rs 50,000.00.

Other allowances like Deputation Allowance, Hill and Fuel Allowance and Special Area Allowances have been increased as per the existing practice.

While we may have feeling of financial relief, non-securing the 5 days a week and work-life balance for the workforce based on the working hours enhancement understandings arrived at on 28.02.2023 is certainly disappointing one. We are able to visualise the depressed feelings of the workforce, more than money.  At the end, Majority unions have acted against the majority members’ interest in the current wage revision exercise.

Yours Comradely,

S.NAGARAJAN

GENERAL SECRETARY.            


 

Circular No.6/VIII/2024

25.02.2024

 

TO ALL STATE COMMITTEES/AFFILIATED UNITS :

 

 

Comrades,

 

WORK – LIFE BALANCE.

CHALLENGES STARRING AT ALL OF US.

5 DAY WEEK IS THE NEED OF THE HOUR.

 

In the New year circular issued by our organisation, we have clearly observed that the impending elections to the temple of democracy will decide the future course of Our Industry and also the Economic conditions also.

 

2.         To put in brief, our Industry is faced with the following pressure points i.e

[1] Regulatory Changes, [2] Economic Uncertainty [3] Cyber Security risks [4].Increasing Competition [5] Fintech disruption

[6] Customer expectations [7] Manpower shortage [8] Talent management.

 

3.         To stay in the market in the competitive environment, investment in technology, partnering with Fintech companies and also to work out new business models are becoming a compulsory exercise to be carried out by  the individual banks. When the banks are put into a stress test to combat the economic and financial crisis, capital infusion becomes a necessary step.

 

4.         While we celebrated the Silver jubilee conference of our orgaisation at New Delhi in February,2006, the freedom for introduction of technology was conceded by the negotiating unions under Industrial Disputes Act. Consequent upon that move, the pressure on the Officers were mounting. Sensing the seriousness of the situation and development, the conference adopted a resolution that the need had arisen to secure regulated working hours and 5 day week for the workforce. Eye-brows were raised by some of the officers, unions, when we submitted the Charter of demands to the  IBA authorities at Hyderabad. We could partially secure 2 Saturdays in the 7TH Joint Note signed on 25.05.2015. The effective date of implementation was 1.09.2015. Thanks to the then Chairperson of  SBI and MD&CEO of Bank of India. We secured the same after 9 years and  Six months.

 

5.         Like the stress test on the Banks, the stress test on the bankers too be carried out. Though the working hours are stipulated average working hours of 6 ˝ hours, particularly  in Rural and semi urban branches the working hours are 10 to 12 hours, besides the commutation between the work place and also home on daily basis. In this process work takes precedence over personal life. Constant overwork, neglected personal life, burn out, self -care and strained relationship coupled with loss of quality time to spend with the family members are serious reflections in the officers life.

 

6.         As clearly expressed in our communication addressed to Hon’ble Finance Minister of the Country, the demand of the securing remaining Saturdays as Holidays for the workforce is the top most agenda for the officers fraternity. Unions and IBA arrived at a clear understanding on 28.02.2023 that the elongated working hours for the workforce in lieu of the remaining Saturdays declared as holidays. Through reliable sources it was informed that the proposal was received by the Government authorities in November 2023 after nine months period.

 

7.         The MOU executed on 7.12.2023 clearly expressed the concern to realise the 5 day week issue, now the unions are dragging their feet. AIBOA along-with other officers organisations categorically decided on 13th February 2024 that 9th joint note should categorically include the realisation of the 5 day week to meet the ends of justice.

 

8.         Work-life balance is the need of the hour and we should secure the same, though there is a need for money not the greed for money.

 

Let us hope efforts will be stepped up to secure this main demand to the secure the life for the workforce.

 

Yours comradely,

 

/S.NAGARAJAN/

GENERAL SECRETARY.


Circular No.5/VIII/2024

15.02.2024

Camp : BILASPUR

 

TO ALL STATE COMMITTEES / AFFILIATED UNITS:

 

 

Comrades,

 

AIBOA (HIMACHAL STATE COMMITTEE)

 FORMATION OF AD-HOC COMMITTEE.

 

The need of the hour is to strengthen our organisation in all States as the threat to jobs and jobs security is looming large. The current  sweep of technology in all walks of life is taking a deep impact in the present work situation and also the compulsions to redesign our approach including in our organisational activities.

 

2.         Taking all the developments into consideration of our participation in the Industry level discussions on 7.12.2023, 11.01.2024, 12.01.2024, 02.02.2024 and 13.02.2024, we entrusted the task of organising the formation of the AIBOA (Himachal State Committee) to Com. Praveen Goel, Secretary, Com. Charanjeev Joshi DGS, Com. Gurmeet Singh Secretary, Com. Ashwani Pradhan Vice- President, Com. Riyaz Bhat, Secretary AIBOA and Com. G.S. Oberoi, Chairman AIBOA (Haryana State Committee).

 

3.         The team headed by Com. Praveen Goel, after due consultations with the team members conducted a preparatory meeting on the 43rd Foundation Day of our Organisation at Bilaspur(HP), on 14th Feb, 2024 at Hotel Prem Sagar. Within a short notice period of two days, the Union representatives of the banks met under the Leadership of Com. Praveen Goel. The members discussed to take forward the foundation of the AIBOA ( H.P. State Committee). The decisions arrived at the meeting were unanimous in content. An ad-hoc committee was formed under the Convenorship of Com. Gurinder Saini. PSBOF.

 

4.         The members of AD-Hoc is furnished hereunder.

 

S.N0

Positions

Name of the representatives/Com

Representative union.

1.     

Convenor

Gurvinder Saini

PSBOF

2.     

Co-Convenors

Karminder Sharma

AIIDBIOA.

3.     

 

Navdeep Singh

CBOU

4.     

 

Dixit Sagar

UCO

5.     

 

Kept Vacant

PNBOF.

6.     

Members

Sanjiv Kumar

UBIOA

7.     

 

Deepak Malhotra

J&K BOA.

8.     

 

Kept Vacant

IBOF

9.     

 

Kept vacant

PNBOF

10.   

Treasurer

Ajit Singh

PSBOF

11.   

Members

Ashwani Singh

PSBOF

12.   

 

Manjeet

CBOU

 

Legal Advisor.   Com. Parvesh Chandel, Advocate.

 

Advisor. Com. Ashwani Sharma, Former General Secretary PSBOF (H.P)

and General Secretary PSBSU (HP).

 

The meeting took the decision to establish the AIBOA (Himachal State Committee) at the earliest possible, preferably after the winter season is over, within 90 days period. The reason for the same was the area to be covered is vast and the climate is too adverse.

 

With warm greetings to the members of the Ad-Hoc Committee to successfully complete the organisational task.

 

Yours Comradely,

 

 

 

 

      

S.N      S.NAGARAJAN

GE     GENERAL SECRETARY

PRAVEEN GOEL

SECRETARY

CHARANJEEV JOSHI

DY.GEN.SECRETARY

ASHWANI PRADHAN

VICE PRESIDENT

  

 


 Circular No.4/VIII/2024

15.02.2024

 

To:

ALL STATE COMMITTEES / AFFILIATED UNITS

 

Comrades,

 

OFFICERS WAGE REVISION - STATUS REPORT

 

As you are aware that our organisation participated in the discussion held by IBA on wage negotiations on "7th December 2023" as per the orders of the Hon'ble City Civil Court, Mumbai.

 

2.         The MOU was inked on that day containing the quantum of wage increase, merger of DA with the Basic pay to arrive at the new Basic pay with a restricted 3% loading, a new concept of "ex-gratia" to eligible pensioners in Public Sector Banks, with a time limit of 180 days stipulated to conclude the understandings preceded by efforts to secure the 5 days workings from the Government of India.

 

3.         On 11th January 2024, Core group meeting with Officers organistions was held at Mumbai, wherein the details were exchanged by Shri Om Prakash Mishra, Chairman and DMD [HR & CEO], SBI with the representatives .  The allocation of funds to various components / heads was too finalised at the conclusion of the Negotiating Committee headed by Shri M.V.Rao, MD & CEO, Central Bank of India on 12th January 2024.

 

4.         An exercise of cutting the "t" and doting the "i"  was attempted on 13.02.2024 in the two hour meeting held in the post lunch session with IBA representatives.  Still fine tuning of the same is engaging the attention of the authorities.

 

5.         The Small committee of officers met earlier had arrived at the understandings in which few issues are to be cleared / clinched.  Securing the remaining two/three Saturdays as holidays under Negotiable Act is an important issue for the officers community.  Our organisation in February 2006 had visualised in the background of work pressure on officers community and demanded introduction of 5 days working besides Regulated working hours for officers.  We realised partially "2" Saturdays as holidays w.e.f. 01.09.2015 [ie;] after 9-1/2 years.  The rest is to be realised in the current wage revision.

 

To  conclude, realisation of the demands of the "officers specific" is the priority.  There is a total unanimity to secure the same till then, we are to prepare to wait.

 

Yours comradely,

 

 

/S.NAGARAJAN/

GENERAL SECRETARY


Circular No.3/VIII/2024

05.02.2024

TO

ALL STATE COMMITTEES / AFFILIATED UNITS :

Comrades

DISCUSSIONS ON

OFFICER EMPLOYEES’( DISCIPLINE AND APPEAL REGULATIONS) 1976.

In the process of wage negotiations held from the first quarter current Financial Year by IBA, three sub-committees were constituted to explore the possibilities arriving at a consensus for onward submission to the main negotiating committee headed by Shri. M.V. Rao, Chairman, Negotiating Committee IBA and MD&CEO Central Bank of India.

2.         One of the committee was constituted with the Convenor Shri. S.P. Singh, Chief Ethics Officer, CGM, SBI, Shri.  S.K. Rana, CGM PNB and Shri. Arun Kumar, CGM, Union Bank of India. The representatives of the three officers’ organisations had participated in the earlier round of discussions held on 2.10.2023 and 02.12.2023 at 16th Floor, Union bank of India, Central Office Mumbai. In spite of the clear direction by the City Civil Court, Mumbai to IBA to engage the undersigned in the dialogue in the meeting held on 2.12.2023, IBA was non-responsive.

3.         We have taken up with the Convener of the committee subsequently and  another meeting was conducted on 2.02.2024 at Union Bank of India, Central Office, Mumbai. Besides the undersigned, the other three office bearers of AIBOC, INBOC and NOBO participated in the exercise.  It is pertinent to place on record that based on the supplementary minutes of understandings signed on 4.01.2021, there was a meeting held on 18.01.2021 by Shri. M.V. Rao, the then Executive Director of Canara Bank and now Chairman of the Negotiating Committee through VC. The step initiated by him paved the way for Government of India to release the Staff Accountability Policy to be adopted by the individual bank’s boards for safe guarding the interest of the Institution and also the officers involved in the processing exercise.

4.         In the meeting held on 2.02.2024, the representatives have emphasised the necessity to address the following issues pertaining to the departmental enquirie

·         Classification of Misconducts,

·         Authority for imposing Major Penalties.

·         Timelines for disposal of disciplinary actions cases.

·         Provisions of the Copy of the CVC Advises.

·         Personal hearing.

·         Effects of Punishments.

·         Sanction of Prosecution

·         Suspension and Subsistence Allowance.

·         Defence Assistance and retired officers to function as DR

·         Formation of Banking Administrative tribunals and

·         Proceedings after retirement from the Bank services.

5.         The meeting lasted for about two hours. We have informed the Convenor that it was agreed upon on 11th/12th Jan 2024 meetings that on conclusion of the Joint Note for officers, a meeting will be held exclusively within three months. Further, we urged upon him to engage the General Secretaries of the officers’ organisations in addition to the core committee members.

6.         Thus, the undersigned as the General Secretary of AIBOA participated in the discussions held on 7.12.2023,(MOU Signed) 11.01.2024,(Small Committee for Officers) 12.01.2024( Full Negotiating Committee) and 0n 2.02.2024.

Discipline and Appeal Regulations 1976)

Our organisation shall strive hard to take adequate care to secure the respectable wage revision and facilitates comfort zone for their discharging duties in a competitive environment

With greetings,

Yours Comradely,

S.NAGARAJAN.

GENERAL SECRETARY 


Circular No.2/VIII/2024

12.01.2024

TO: ALL STATE COMMITTEES / AFFILIATED UNITS:

Comrades,

AIBOA EXTENDS MORAL SUPPORT TO THE STRUGGLES

OF THE TRADE UNIONS IN GENERAL

AND IN OUR INDUSTRY IN PARTICULAR.

In order to retain the live presence of the trade unions, it is expected that they are to link    their activities to echo the collective voices of the toiling workforce and get redressed by adhering to the programs of actions in a systematic manner.

2.         Taking stock of the growing uncertainties in our Industry, our VIII National Conference held at Chandigarh in November 2022, coined the slogan that “ SAVE GEN NEXT FROM JOB LOSSES”. Our Industry is in transformation mode even the nominal expenses /reimbursement of expenses of the Staff member are through “ Digital Wallet” in leadingbanks. While celebrating the 75th Independence of our Nation, RBI released the circular about the “Digital Banking Operations”, in which the branch will have only one officer to handle the total business of the branch.

3.         From the pages of  history, it was only our officers’ orgaisation observed the 2 days strike in March 2022, synchroning with CTUs strike. Subsequent to the Strike adhered along with the other likeminded organisations in the industry, the resultant effect was the doors of negotiations were opened by IBA at the instance of CLC, New Delhi. Opposing IDBI privatization was a focused one in the Strike. Banks’ have already resorted to employing the workforce for a period of one year/three years akin to Agni veer model. Broad based unity is the need of the hour to handle the one of the present crisis of filling up the vacancies of all cadres in the background of the Industry becoming “officer Centric”.

4.         Challenges are many. Privatisation of the two banks are on the anvil. Fourth dose of mergers of the banks are again contemplated. Elections are round the corner. The recent results of the elections in three states is the prelude to the ensuing election to the Temple of democracy.

5.         As the officers are to handle challenging environments in our industry, we call upon our members not to do clerical work, on the proposed two days strike on19th&20th Jan2024called by the premier trade union of our Industry.

6.         AIBOA extends “moral support” to the workforce who are to observe the strike to realise their demand of Recruitment.

Yours Comradely,

S.NAGARAJAN.

GENERAL SECRETAY



 



Circular No.1/VIII/2024

01.01.2024

TO ALL STATE COMMITTEES / AFFILIATED UNITS:

Comrades,

FLASHBACK OF EVENTS OF 2023

2024  BECKONS AND  WINKS.

The entire world witnessed one of the worst calamities in Turkiye and Syria due to severe earthquake, in which 1,60,000 buildings were brought to dust, 50,000 people dead and 44,000 people severely injured. The sub-standard buildings were constructed with the knowledge of the Government. The aid from all over the world flowed to help the affected peoples of both the countries. But the sufferings cannot bring back their near and dear. Mild Tremors (2.3) caused due to the show by the International Pop Singer Taylor Swift in USA and the collection to the mega event was more than $200 million. In the population index, India crossed 1.42 billion. China’s population is next to our nation. This is on account of the China’s one child policy imposed in the year 1980 and the country is attempting to reverse the same. In sports, Saudi bought the GOLF top company and planning to bring the same under its control. In technology front, Elan Musk’s blue Bird Twitter changed its name to X.

2.         Our Country made a forward leap in conquering the space by precise landing of Chandrayaan -3 at the South Pole of the Moon in August 2023. In bringing all the Countries together, India’s G-20 Presidentship played its vital role. African Union has been inducted as a permanent member thus it has become G-21. In West Africa, the culture of “coup belt” is becoming the order of the day. The problems faced by the people are unending on account of military taking over the control of the Government. The entire World is aghast with the unrelenting war exercise of Russia against Ukraine, unmindful of the   damages caused to both nations. In the meanwhile, the sudden eruption of sharp retaliation by Israel on Hamas left so far more than 20000 died and 40% of the victims were children. In spite of 153 countries appealing to Israel, the war is day by day escalated except for a brief period.

3.         Indian Stock markets touched a peak level of $ 4 trillion (BSE + NSE) due to the investments by Foreign Institutional Investors. Ours is fifth in the list of U.S.A. CHINA, JAPAN & HONGKONG in the transactions done by the Stock markets. Tech giants are faced with a new type of crisis. Poaching the 30% experts by one company from another company and in turn the resolution of the crisis is now taken to the judicial forums. The factors considered by the experts joining the new assignments are purely based on the better compensation and equally career progression in the new Tech Company. The survival of the Start -Ups, in 2022 was 121 out of 34785 and 69 out of 15247 thus the exercise is taking a back seat.

4.         In the recent survey carried out in 2500 campuses of technology stream after interacting with 4, 40,000 students, hardly 40% are eligible to be engaged in jobs that too with AI and machine learning subjects. The plan to lay off due to the AI intervention in the work space is going to be a new challenge to the growing youngsters in hunting the jobs. In spite of the profits soaring up in multiples, still job losses are certainly starring at the Youth.

5.         Our Nation witnessed the 5 state elections, prior to the country’s preparation for the next general Elections to elect the people’s representatives. However, what we are witnessing in the current tenure is the parliamentary democracy has been reduced to elected autocracy. The laws are amended in the temple of democracy without any meaningful debates and anyone who raises the voice, was slapped with the suspension from the house which ultimately prohibits them in participating in the Committees constituted by the Government.

6.         Though our Industry has booked the profit of more than Rs 1, 00,000 Cr, an understanding was arrived at by IBA with unions for a meager increase in terms of % when compared to the situation of last wage revision inked under COVID-19 when the Industry incurred loss. The elders, who built this Public Sector Institutions, have been left high and dry in securing the pension Up-dation. 

7.         Lok Sabha elections will determine the State of the economy and our Industry is certainly going to face a new twist from mid of this year.

8.         A new year is an emblem of new beginning and a metaphor for stronger and renewed hope.

 

With warm new-year greetings,

Yours Comradely,

S.NAGARAJAN.

GENERAL SECRETARY


Circular No.38/VIII/2023

07.12.2023.

CAMP: MUMBAI.

TO ALL STATE COMMITTEE S/ AFFILIATED UNITS:

Comrades,

OFFICERS’ WAGE REVISION- MOU CONTAINING

BROAD PARAMETERS INKED AT MUMBAI.

Our Organisation, in its journey, faced an unpleasant movement due to certain unexpected organizational developments. We were forced to seek legal intervention at Delhi and Mumbai

Ultimately, the Hon’ble Bombay City Civil Court at Bombay legally examined our prayers in the proceedings held on 30.11.2023 as well as on 06.12.2023 and directed IBA to engage our organization in the consultative exercise on 02.12.2023 as well as today in the discussions related to Service conditions as well as wages.

2.         In terms of the court order, the undersigned along with Com. DevdasMenon, DGS AIBOA and Com. V. Viswanathan President AIBOA (Maharashtra State Committee) called on Shri. GopalMuraliBhagat Dy. C.E.O, IBA, and handed over court order in the afternoon. The undersigned, your representative was allowed to participatein the discussion held today            .

3.         The IBA team headed by Shri.M.V. Rao, MD & CEO Central Bank of India, Chairman- Negotiating Committee, along with members of the Negotiating Committee Shri.Rakesh Sharma MD&CEO -IDBI Bank, Shri.Rajneesh Karnatak, MD&CEO- Bank of India, Shri. Om Prakash Mishra DMD -HR&CDO SBI, Shri. GopalMuraliBhagat Dy. C.E.O. IBA and Shri.Brajeshwar Sharma Senior Advisor (HR&IR) IBA, participated in the exercise. The discussion commenced at 16.05 hrs  and  concluded in  mid of the night. 

4.         The broad understandings arrived at are furnished hereunder:

  • The wage revision will be effective from 1.11.2022 for five years.
  • Wage increase is agreed at 17% which works out to Rs 12449 crores.
  • Merger of Dearness Allowance corresponding to 8088 points for construction of new pay scale.
  • Loading of 3% amounting Rs 1795 crores.
  • One time measure Pension as an ex-gratia up to 31.10.2022   retirees, which will not attract dearness allowance.
  • The finalisation of this exercise will be concluded within a period of 180 days.
  •  Declaration of remaining Saturdays as holidays will be pursued with the Government. Implementation of the same should be before signing the 9th Joint Note.
  • Payment of ex-gratia to pensioners and family pensioners of private sector Banks and foreign Banks will be settled to the mutual satisfaction

5.         Thus, the exercise of inking the MOU within a shortest span time is a right step to motivate the workforce to build the Public Sector Banking to greater heights in a challenging environments.

6.         The participating unions whole heartedly acknowledged the entire IBA team particularly Shri. M.V. Rao, Chairman Negotiating Team  for the efforts put in to give a shape to the MOU inked today at midnight.

Comrades, we ultimately succeeded in signing this MOU also inspite of various forces working together to keep us out of the settlement. Your staunch and wholehearted support resulted in taking us to the negotiating table and the MOU was signed by the undersigned also as your duly elected representative.

With greetings.

Yours comradely,

S,NAGARAJAN.

GENERAL SECRETARY


Circular No.37/VIII/2023

07.12.2023.

TO ALL STATE COMMITTEES/ AFFILIATED UNITS

Comrades,

STATUS IN THE NEGOTIATIONS.

To enable the officers to understand the developments in the on-goingnegotiations related to Service conditions and wages of officers, we are providing relevant and available information to officers’ fraternity.   

            1 .  Formation of Committees to discuss the contentious issues:

·         Leave and monetisation of Leave Fare Concession.

·         Discipline & Appeal Regulations for officers – mostly for Public Sector Banks except SBI, as there is no provision to proceed against an officer after retirement in SBI, whereas it is in other Public Sector Banks under Pension Regulations 1995.( Members are from AIBOC, INBOC and NOBO - each one)

·         Dearness Allowance – conversion factor – Base Year to be fixed as 2016. (Members are from AIBOC, AIBEA and NCBE).

              2.    Current offer made by the Team IBA :

·         It was learnt that in the discussions held on 27thOctober 2023, the offer given was 13%, which was available for a day only, though there was no written communication on record by the participating unions.

·         On 9thNovember 2023, the offer was enhanced to 15% and after repeated adjournments, the offer came up-to 16% with a loading of 2.5%.

·         As it was expressed in one of the earlier meetings of nine constituentsthat entire special allowance should be merged first with substantial quantum of increase in the percentage too   .

                3.    PAST PRACTICES – DEVIATIONS MADE:

o   The construction of Pay-scales with the following loading was clinched during earlier discussions

Scale I to III     : 11% to 18%

Scale IV to VIII: 20% to 29%

o   The Basic Pay + D.A after construction of Pay scales was 8.85% of the load allocated.

o   After achieving the one more option for pension to the workforce past and present, the loading was brought down from 11to 18% to 2% , as payment of Pension is linked to last drawn Basic Pay. Adequate provisioning has to be made in the Pension corpus of Public Sector Banks except SBI.

o   In lieu of  contribution to Pension Corpus, SBI workforce right from 1.11.1993 are getting Special Compensatory allowance systematically enhanced in every bipartite.

o   Thus the introduction of Special Allowance was brought in the Pay scales from 1.11.2012, which carries Dearness Allowance.

o   The payment of D.A. on special Allowance was clinched by officers’ organisationexclusively while inking the MOU at IBA. There was no mention made while drafting the first MOU in 2015 by other constituents.

o   In the 8th joint Note concluded on 11.11.2020, the construction of new Basic Pay was restricted to 2.5% though the demand on 22.07.2020 was 4% loading for construction of new Basic Payparticipated physically by three at IBA office, Mumbai and the representatives of officers through virtual mode. 

                 4 .  Construction of New Basic Pay – efforts by AIBOA:

·         Though the loading was specifically restricted to 2% in (2012- 2017) the construction Basic Pay loading was 2.08%

·         Likewise, in 2017-2022, the loading was specifically restricted to 2.5%, the new basic Pay was constructed with 2.88% loading.

                 5.    SPECIAL ALLOWANCE SHOULD BE CONSIDERED AS PART OF BASIC PAY:

·         The apex court had pronounced a judgement on 13.02.2018 Canara Bank vs Savithri Rajagopal and others, on the definition of Pay i.e.,there cannot be two pay scales  a. one for the purpose of Calculation of Salary and b. other one for the purpose of Pension.

                 6.    AIBOA SUGGESTION TO THE CONVENOR UFBU:

o   An alternative to the loading of 2.5%, new Basic Pay should be constructed viz. the existing Basic Pay + 4.34% of the D.A. difference on account of LIC +merger of D.A.at 8088 points + 50% special allowances at each stage.

7               7.Though we clinch the wage revision for officers’ considerable amount is allocated to allowances, which are not eligible for superannuation benefits on retirement.Hence, there is an imperative need to have new thinking in the construction of Pay scales for the workforce. 

8                8. 5 day Week : Though LIC workforce achieved 5 day week from April 2021, so far no light is seen at the end of tunnel for the Banking workforce till now. On 28th Feb,2023,there was near consensus amongst the participating unions/Associations. It was agreed by IBA to take it up with the Government of India for realising the same. The workforce is restless as the recent reply given in the Temple of democracy is more of evasive.

We take note of the anxieties expressed by the comrades about our contribution to enhance the value of protective avenues in the matter of wages and service conditions. However, there are impediments created by internal as well as external forces.

We shall overcome the same with all convictions.

Yours Comradely,

S. NAGARAJAN.

GENERAL SECRETRARY.



Circular No.36/VIII/2023

20.11.2023

TO:

ALL STATE COMMITTEES/AFFILIATED UNITS.

Comrades,

 

TECHNOLOGY OVERTAKES THE HUMAN ASSETS

IN THE BANKING INDUSTRY.

The introduction of technology in Banking Industry commenced from  State Bank of India in the year 1989. In lieu of the introduction of technology, the compensation was secured in the form of one increment. In a competitive environment, the banks were forced to upgrade their systems and functioning. The Central Vigilance Commission advised that the Banks should undertake computerisation to cover 70% of their transactions. Thus, the technology took the centre stage of the Banking Activities. The benefit accrued to the customers can be codified as Any Time Money (ATM), Anywhere Banking (Cheques Payable at par at all branches) Anyhow Banking ( Leading banks engaged in selling Tyres/Passport application etc). One of the leading Bank having the headquarters at the Capital have installed “METAVERSE” recentlyso that the customers need not come to the branch to transact the banking business.

2.         VACANCY POSITION IN THE PUBLIC SECTOR BANKS PROVIDED IN THE TEMPLE OF DEMOCRACY :
 

S.NO.

NAME OF THE BANKS

OFFICERS

CLERICAL

SUBSTAFF.

1.

B.O.I

3,448

…………….

1,400

2.

B.O.B

      15

…………….

…………..

3.

B.O.M

   190

…………….

…………….

4.

C.B.I

3,528

1,726

1,041

5.

CANARA

   761

   564

………

6.

INDIAN

   733

1,412

…………….

7.                         

I.O.B

1,242

2,058

1812

8.

P.N.B

1,210

   716

4,817.

9.

P.S.B

   728

   407

………

10

S.B.I.

3,423

5,121

……..

11.

UCO

1,078

1,336

1,313.

12.

UNION

1,024

……..

      74.

TOTAL

 

17,380

13,340

10,457.

 

VACANCIES

41,177.

 

 

 3.         Merger of Banks commencing from State Bank of Saurashtra (2008), State Bank of Indore (2010) and 5 other Associate Banks in 2016 with  State Bank of Indiaensured consolidation ofbranch network, forced career Progression of clerical or the exit path were some of tit-bits of the created situation. In 2020, in one stroke six banks were merged with four banks resulting in rationalisation of bank branches, displacement of staff etc. Resistance level was at the lowest ebb.

4. WORKFORCE STRENGTH IN THE BANKING INDUSTRY (2018-2023):

S. NO

YEAR

PUBLIC

SECTORBANKS

PRIVATE

BANKS

FOREIGN

BANKS

R.R.B.S

SMALL

FINANCE

BANKS

1.

2018

807448

420285

23985

89635

39108

2.

2019

808400

476390

23229

91159

 55177

3.

2020

770409

554950

23485

91491

 94862

4.

2021

770800

572586

27510

87827

103798

5.

2022

760029

647094

27317

92012

116352

6.

2023

756644

745612

26861

93791

134494

Source  RBI’s Handbook of Statistics on the India Economy 2022-2023.

The fact is that the Public Sector banks handles 65% of the total business mix even to-day.Gradually, the staff strength in the Private. Sector banks have increased through contractual appointments.

5.         Introduction of Digital Banking is slowly encroaching upon the reduction of workforce in the Industry. Reducing the Clearing operations through single grid is certainly going to reduce the workforce. The recent move of spinning off the operational banking as a subsidiary by State Bank Of Indiais another indication of contractualisation of the workforce. Allowing the reintroduction of Apprentice system like Agni veer by State Bank Of India to begin with followed by another bank, which was nationalised first in 1969, has created a further dent in the strength of the clerical workforce. Service conditions vary from bank to bank.

6.         The financial inclusion exercise launched by GOI in 2014 is achieved mainly through Banking correspondents, whose number is swelling from 7,30,000 in 2020 to 18,44,000 in 2023.

7.         What we have observed in a recent exercise of series of strikes in a Bank in Western Part of the Country, the negotiating unions were compelled to accept the stand of the Bank i.e. the Govt. of India’s direction not to recruit sub-ordinate staff.

8.         Recruitment and Outsourcingare the oft-repeated twin issues raised in the nine Constituents’ meeting along with wage revision for more than one decade. Unless all the constituents are totally involved like the farmers’ struggle for a long drawn process with a sole agenda,(in the background of 8773 clerical recruitment announcement by State Bank of India)the efforts are notexpected to bear the fruits.

Please await for our next communication.

Yours Comradely,

/S.NAGARAJAN/

GENERAL SECRETARY


Circular 35/VIII/2023

12.11.2023.

TO

ALL STATE COMMITTEES/AFFILIATED UNITS

Comrades,

WORKFORCE IN KARNATAKA BANK DEFERS THE FLASH STRIKE.

FLASH STRIKE ON 13TH NOVEMBER 2023  WILL BE OBSERVED   AS MOURNING DAY BY ALL

Officers in the banking industry are now-a-days is confronted with a new crisis of compliance of the set of regulations stipulated by the various authorities from time to time. This current crisis is experienced right from the Branches to Head office of the Banks. The role controller of the banking system in this new crisis is more focussed and also demanding with timelines to adhere to without any deviations. At the branch level, young and directly recruited officers have taken extreme step of ending their life, due to work pressure coupled with the behavioural pattern of the controllers within the respective banks. The Global bank is experiencing this type of new crisis. A female officer of the e-syndicate bank ended her life in the Branch in the State of Kerala and Government of Kerala had interfered to go into the cause of the suicide of the female officer of the Bank. All the  Operating unions in that Bank were advised to appear  before the committee constituted by the State Government.

2.         This present trend had also been inflicted the top most echelons of the member of the  top management team in Karnataka Bank a couple of days back. Our affiliate decided to observe strike on 13th November 2023 along with total workforce in the Bank. From our organisation, we have sent the letter to MD &CEO of the bank on 10th Nov,2023. As a result of the same, there were couple of rounds discussion held in the evening of 11th Nov,2023 and to-day also. As the culmination of the mutual discussions, which shall continue on 15th Nov, 2023, with MD&CEO of the Karnataka Bank, 13th Nov, 2023 will be observed by the Bank as Mourning Day instead of Flash Strike by all, as shared by our affiliate.

3.         AIBOA, stands with the family of late Shri. K.A. Vadhiraj, General Manger and Chief Compliance Officer of Karnataka Bank, who took extreme step on 10.11.2023 due to pressure of work.

MAY HIS SOUL REST IN PEACE.

Yours Comradely,

S.NAGARAJAN.

GENERAL SECRETARY

TEXT OF OUR LETTER NO.IBA:BKS:144:2023 DATED 10.11.2023  SENT TO THE MD  & CEO OF KARNATAKA BANK LTD. BY E MAIL

Sir,

LATE SHRI.K.A. VADHIRAJ G.M AND CHIEF COMPLIANCE OFFICER.

LOSS OF A HUMAN JEWEL IN YOUR TOP MANAGEMENT TEAM.

We are shell shocked to hear the shocking information of budding executive of your management team Late Shri. K.A. Vadhiraj, General Manager and Chief compliance officer resorting to an extreme step of ending his life due to extra-ordinary work pressure and probably due to external pressures pertaining to compliance assignments demanded from various authorities from time to time. 

2.         Late Mr. K.A. Vadhiraj, joined the august Institution at a young and youthful age, on compassionate grounds, as his father was also an employee of this great Institution. Due to his sheer hard work and clean conduct and pleasant behavior rose to the level of one of members of the top management team.  It is aired that the present lack of people connect policy pursued coupled with new experiment of transformation exercises attempted has led to this tragic moment of the bank, when the Institution is celebrating its Centenary year.

3.         While our organization shares the grief with the family, equally urges the urgent necessity of revisiting the Bank’s new policy approach, which has disconnected the people at desk as well as at all levesl resulting  to distance themselves from the thought process.

4.         The entire workforce is under deep shock and as a solidarity action shall embark upon certain organizational actions, including direct action, for which the management is solely responsible.

5.         Please acknowledge receipt.

Yours faithfully,

/sd./S.NAGARAJAN

GENERAL SECRETARY.


Circular 34/VIII/2023

28th October 2023.

To

ALL STATE COMMITTEES / AFFILIATED UNITS

Comrades,
 

"

ENDOWMENT FUND TO CONDUCT

COM.P.K. MENON MEMORIAL LECTURE.

In pursuance of the decision arrived at the first Central Committee Meeting held at Mumbai on 13thand 14th September 2023, to conduct a memorial lecture on the birthday of the Founder General Secretary of our organization late Com. P.K. Menon in co- ordination with the Department of Economics, Kurukshetra University, Kurukshetra, an amount of Rs 5,00,000 [Rs.Five lakhs] was considered for payment. The CC approved the same.Prelude to this, on July 2,2023 the undersigned along with Com. V. Ramabhadran DGS AIBOA and Com. G.S. Oberoi Chairman AIBOA (HSC) had a preliminary round of discussions with the University Authorities.

2.         It was nice synchronization that on the birthday of late Com. R.J.S. (26th October) the meeting was held at the University hosted by Prof. Ashok Chauhan, Chairperson, Department of Economics Kurukshetra University. The place itself is historically relevant and the birthplace of one of the revered discourse“ Bhagavad Gita”. The meeting was Chaired by the Shri. Sanjeev Sharma Registrar KUK and participated by Prof. Shuchismita, Dean, Student Welfare, Prof. Sanjeev Bansal, Prof. Dara Singh, Dr. Hemlata Sharma, Dr. Archana Choudhary, Dr. Kiran Lamba, Dr. Priya Sharma, Dr. Nidhi Bagaria, Dr.Isha Garg and Dr.Manoj Kumar from Economic Department KUK.

3.         Our team consisting of Com.G.S. Oberoi, Chairman, Com. Praveen Goel, General Secretary AIBOA(Haryana State Committee) Secretary, AIBOA, Com. Charanjeev Joshi, General Secretary AIBOA(Punjab State Committee) Dy.Gen.Secretary, AIBOA and the undersigned participated in the meeting. After a formal introduction and welcome address by Prof Ashok Chavan, who inaugurated the delegates’ Session of 8th National Conferenceof AIBOA, Prof Sanjeev SharmaRegistrar, KUKappreciated the decision of our organisation for holding the Memorial lecture on the birth day -26th JUNE- of Com. P.K. Menon every yearand further advised to explore the possibilities of apportioning a portion of the interest to be given as Scholarship to a Student. On behalf of AIBOA, the undersigned presented the role of our organization in extending the help to deserving people in the society and towards the targeted aim, the endowment is created to perpetuate the memory of the late Com. P.K. Menon.

4.         Our team presented the demand draft of Rs 5 Lacs to the University Authorities and the brief function was concluded. AIBOA(HSC) has been entrusted with the responsibility of co-ordinating with the University Authorities in conducting the Annual Lecture.

 

ALL GLORY TO LATE COM P.K. MENON

FOR HIS DEDICATED LIFE TO UPBRING THE BANK WORKERS

FROM 1985 TILL HIS LAST BREADTH.

Yours Comradely,

S.NAGARAJAN.

GENERAL SECRETARY.

 


 

Circular No.33/VIII/2023

18th September 2023.

 

 

TO ALL STATE COMMITTEES/ AFFILIATED UNITS:

 

Comrades,

 

PROCEEDINGS OF THE FIRST CENTRAL COMMITTEE

MEETING HELD AT MUMBAI.

14th&15th September 2023.

 

In terms of the notice dated 1st September 2023, the first Central Committee meeting was held at Privilege Inn, Malad-Link Road, Malad, Mumbai under the joint presidium of Com. Alok Khare, Chairman and Com. Anil Kumar Vice-Chairman of our Organization.

 

2. Com. Devdas Menon, General Secretary, AIBOA - Maharashtra State Committee and DGS  AIBOA welcomed all the members of the Central Committee and shared his concern and appealed to them to bear with the shortcomings, if any, in the arrangements. He requested the Chairman and Vice-Chairman to commence the session by lighting of the lamp coupled with paying floral tributes to the founding fathers of our movement. All other participants also paid floral tributes to the departed leaders, who had sacrificed their life to give light to the banking fraternity.

 

3. IN MEMORIUM:  The house observed two minutes silence in the memory following leaders.

a.) Sri. Surya Narayan Patro, former Speaker of the Odissa Assembly, (b) ISRO scientist Ms. N. Valarmathi, Voice behind Chandrayan 3 landing. (c) Indian Poet Jayant Mahapatra                (d) Com. Sarojini Balanandan, Senior Leader of women’s movement in Kerala, (e) Com. Gaddar Aka Vithal Rao, popular folk singer, Telengana (f) Sri.Sampath Prakash, Veteran TU leader, g) Ms. Vani Jayaram, famous play back singer, (h) Sri. Madan Das Devi, RSS ideologue, (I) Com.S.D. Dhopeshswarkar former President of AIBEA (j) Com.R.C.Bansal, veteran leader of MPBOA, Com. K.Bhaskaran, former vice President of AIBOA and Chairman IBOF. (l) Com. T.V. Radhakrishanan former Assistant Secretary AIBOA (j) Com. S.D. Ponkshe, former President BOMOA and others who had lost their lives due to natural calamities.

 

4. LEAVE OF ABSENCE GRANTED: 1. Com. A.N.Suresh President 2. Dr.Kumar Arvind                3. Com.Guriminder Oberoi, Vice-Presidents, 4. Com.K.Raghava, 5. Com.A.V. Vithal Koteswara Rao, 6. K.V.V.S.N. Murali, Secretaries AIBOA.

CC MEMBERS AND OTHERS:

1. Com. N.K. Sharma, 2. Com. R.K. Mahendru, 3. Com. Rakesh Saxena, 4. Com. Suraj Kumar Patro, 5.Com. Shaliendra Rajpal, 6. Com. Peeyoush Payal, 7. Com. K. Sreenivasa Rao      8.Com. Pawan Kumar Abrol and 9.Com.M.S.Jaishankar.

 

The above members of the central committee were absent due to health and family reasons of self and dependents. The CC granted the leave of absence.

 

5. REPORTING OF THE DEVELOPMENTS AFTER 8TH NATIONAL CONFERENCE HELD AT CHANDIGARH:

 

The General Secretary in his brief presentation covered the developments viz: Strike Call in Jan 2023 to realise the demands of 5 days week, Up-dation of Pension, commencement of current wage negotiations and resolution of the pending residual issues. Two rounds of discussions were held with IBA, one in Jan 2023 and another in the month of Feb, 2023. IBA came out with two circulars, one on revision of rate of reimbursement of expenses in transporting the personal effects and another one on clarifications on Stagnation increments.

 

  • ·         Completing the Standalone agenda of Election of office bearers of 8th National Conference: The CC had the benefit of reporting of the decisions of the office bearers taken in the Virtual meetings between December 2022 and May 2023. The process of E-Voting and completion of the same with the help of the Service provider were explained.

  • ·         The General Secretaries of AIPNBOF, AICBOA in their capacity as President and General Secretary AIBOA- Delhi State Committee, filed the case against the E-Voting in Dwarka Court Delhi and its closure was also shared.

  • ·         Another Contestant from Maharashtra has filed the case in Dindoshi, Goregaon, Mumbai, which is yet to be taken up by the court for further exercise.

  • ·         Against E-Voting, there were 189 representations out of which 35 were repeaters and 39 contested in the election process. The 115 requisitions (net) were held on record on 17th May 2023, which falling short of 1/3rd of delegates participated in the Chandigarh Conference i.e., 210. Hence calling for a special session by the General Secretary did not arise.

  • ·         In the meanwhile, there were discussions on 21.06.2023, 19.07.2023, 28.07.2023, 07.08.2023, 31.08.2023 and 13.09.2023 held by IBA with 8 constituent unions. Understandings on Insurance backed Hospitalisation for retirees and 100% D.A. Neutralisation for the retirees prior to 1.02.2005 were inked by the 8 constituents.

  • ·         WE TOOK UP WITH IBA, WHO IN TURN SHARED THAT THE STONE WALLING WAS BY UFBU ON OUR PARTICIPATION IN THE DISCUSSIONS.

  • ·         We reiterated in person that IBA should go by the practices adopted and in the absence of the any restraint order from the competent authorities, IBA should not take a stand that our organization will not be allowed to participate in the negotiations due to the objections raised by four bank-wise representatives i.e., AIPNBOF, AICBOA, AIPSBOF and BOBOU.

  • ·         The house was briefed about the special session convened by the four representatives on 27th August 2023, our efforts to seek the legal intervention and outcome of the same.

  • ·         It was further shared with the members of CC about the efforts made by the General Secretary AITUC on 26th July 2023 and on 12th August 2023 to iron out the differences and also accommodating the aspirants. Though, the office bearers had given authority to accommodate 2 or 3 persons from the splinter group for the sake of unified team, the core committee went up to 5 with different nomenclature in the officer bearers’ positions. It was Com. Sanjay Khan, who insisted for 10 additional positions in addition to 5 offered on 16th August 2023 (over mobile). Our core team members were clear and candid in making our stand, that none of the 34 office bearers elected will be asked to step down as 441 delegates had reposed faith in the team.

  • ·         In spite of the commitment made by the four representatives in the court on 26th August 2023, they have not adhered to the directions given by the Hon’ble Court without knowing the after-effects of the breach of assurances made before the judicial authority.

 In this context, CC members were advised to present their viewpoints so as to enable us to take further course of actions. Accordingly, the following decisions were arrived at after hearing 34 Comrades spreading over a period of 8 and half hours.

 

 

a.    a.Overwhelmingly, it was expressed by the members that AIBOA should get back to the negotiating table with IBA at the earliest possible time.

b.   b. Legal proceedings against the four representatives should be expedited including contempt proceedings by AIBOA.

c.    c.As IBA is maintaining an un-reasonable approach in the matter of according representative character to the newly elected body in the six sittings, appropriate action should be initiated including legal intervention.

d.    d.The door should be kept open for further dialogue with four representatives to envelope them as a part of the team.

e.    e.On external intervention by some individuals, appropriate steps should also be undertaken by AIBOA to halt the hate campaign let loose against the present team of office bearers.

 

To take forward the meeting of mind exercise, a team consisting of Com. V. Ramabhadran, Com. Praveen Goel, Com. A.V. Vithal Koteswara Rao, Com.I.Haranath, Com.Rajesh Tiwari, Com.S.K.S.Sengar and Com. B.B. Phawa was formed.

 

6. STATUS REPORT ON THE DECISIONS TAKEN IN THE OFFICE BEARERS MEETING HELD AT MAMALLA PURAM ON 10th and 11th June 2023:

 

·         AIBOA – BIHAR STATE COMMITTEE ELECTION: Com. V. Ramabhadran, DGS and Com. Ghanshyam Srivastava General Secretary of AIBOA Jharkhand State Committee will undertake the exercise at the earliest possible time.

·         CONDUCTING OVERDUE STATE COMMITTEE CONFERENCES. : The General Secretaries of Maharashtra and Gujarat have been advised to conduct and complete the conferences at the earliest possible time. Com. N.K. Sharma, General Secretary AIBOA Rajasthan, will also be advised to undertake the organizational task and complete the same.

·         FORMATION OF WOMEN CELL: The CC decided to entrust the task of holding the Women Convention to AIBOA – U P State Committee. We have advised    Com.  S.K.S. Sengar to provide the plan to Central Office to enable us to release the circular well in advance and the establishment of the women cell can be completed.

·         MERGER OF UNIONS. As far as the merger of IBOF and AIABOF, expeditious steps should be undertaken by IBOF leadership and implementation of the understandings already arrived at on 19th December 2021at Delhi.

The merger of AIPNBOF, AIOBOA and UBIOEA should also be concluded immediately in terms of the understandings arrived at Panipet on 13.06.2020 and on 2.09.2022 at New Delhi.

·         COURT CASE AT DINDOSHI GOREGAONThe court case of Dwarka got dismissed on 11.07.2023. The other court case pending at Dindoshi Goregaon Mumbai came up for hearing on 11.09.2023 and the judge did not attend the court on the said date and hence adjourned to 11.10.2023.

·         CONDUCTING DEFENCE CLASS: It has been decided to conduct the defence class for our members with a maximum strength of 40 participants, drawn from all state committees at our RJS Bhavan for two and half days duration.

·         Subscriptions to House Magazine TWO ROSES: The General secretaries of the State committees are to undertake this special task to enroll the members for our house magazine on urgent basis and achieve the overall target of 10000 copies per month.

·         SOCIAL MEDIA TEAM; The CC decided to form the Social media team to percolate the information to members through this medium; The team  members are :

1.    Com.D.S.Ganesan. 2.Com.V.Ramabhadran, 3. Com.Gurmeet Singh 4.Com.Krishna Baroorkar and 5. Com.I. Haranath.

·         Resolution of the dispute in BOBOU: As advised by Com. Anil Kumar, the minutes drawn by us on 01.08.2021, made available to CC members for their information. 

·         ROLE AND RESPONSIBILITIES OF OFFICE BEARERS OF AIBOA: The sharing of responsibility amongst office bearers shall be shortly completed and it will be made available to all.

·         EXTENDING SUPPORT TO AIUTIOA: While the CC had the benefit of the efforts initiated by Com. Vishwas Utagi, Hon. Chairman of the UTI Association, it was decided to extend the support to the affiliate in realizing the demands including removal of anomaly in Pension.

7. Any other matters with the permission of the chair: The CC members have expressed the following for taking up on urgent basis.

  • The mandate for wage revision is not submitted by some of the private sector Banks, which needs to be taken up on priority.

  • ·         Recruitment of staff should be focused by our organization as the pressure on officers are mounting leaps and bounds and in some cases it has led to suicides by the officers in our Industry.

  • ·         PLI should also include Private sector Banks and it should not be left to the choice of private sector Bank managements.

  • ·         The current impasse prevailing in MP state Committee should be sorted out immediately.

  • ·         The CC decided that the immovable property purchased in the name of the individual units earlier or from now on should necessarily include the name of AIBOA and the trust should be formed in the best interest of all concerned.

  • ·         The CC gave the approval for establishing a chair in Kurukshetra University in the name of Late Com. P.K. Menon the founder General Secretary of AIBOA by paying Rs. 5 Lacs.

  • ·         AIBOA shall  pursue the issues of Recruitment of Officers, 5 day week, Up-Dation of Pension, pressure on sale of third party products, NPS to OPS and DA Anomaly vis a vis LIC.

  • ·         Further, the number of growing suicides in our Industry should be appropriately addressed by our organization by taking up the matter with higher authorities.

·         Statement of Accounts for the period ending 31.12.2022 was presented by Com.R.Jawaher, Treasurer which was adopted unanimously.

 

Implementation of clause 31 of Bye laws of the Organisation:

The reply submitted by one of the bank-wise representative for the show cause served on him for his anti-AIBOA activities was presented to the house. The house after a serious discussion came to unanimous decision to authorise the General Secretary to take appropriate action to enable the affiliates and its members to adhere to organisational discipline without exception.

 

Introduction of new CC members:  Due to paucity of time, the self- introduction of newly inducted CC members could not be completed.

 

ALL GLORY TO AIBOA – MAHARASHTRA STATE COMMITTEE:

With minimum man-power, hosting a CC meeting consisting of 50 members drawn from Sixteen State committees, in the Financial capital was indeed a tough task, as a concluding remark in the thanks giving address by D.S. Ganesan, DGS, AIBOA.

 

AIBOA MAHARASHTRA STATE COMITTEE

HAS DONE IT AGAIN.

RED SALUTES TO THE TEAM

                                                                                                                     

Yours Comradely,

 

S.NAGARAJAN.

GENERAL SECRETARY 

 


Circular No.32/VIII/2023

11.09.2023

 

To:

ALL STATE COMMITTEES / AFFILIATED UNITS

 

Comrades,

 

LIC vs BANK.

D.A. ANOMALY.

SHOULD WE TO BE

 A SILENT SPECTATOR.?

 

We have communicated the glaring discrimination in the matter of D.A. neutralization for the workforce in our Industry vis-ŕ-vis LIC. There were certain observations about our communication by some individuals, ignorant of the evolution of D.A. neutralization in our Industry. This circular is attempting to clarify our position.

 

2. The Pillai Committee recommendations (PCR) was implemented in the Public Sector Banks from 1.07.1979 and In State Bank of India w.e.f.1.10.1979. The recommendations in the matter of D.A. were based on rise or fall of 8points/16points/24 points cycle. The concept  accepted was the higher the Basic the lower the D.A.compensation. In the year 1985 an improvement was made to shrink the concept to 8 and 16 points cycle. In 1992, further it was reduced to 8 points cycle.

 

3. In 2005 joint note the D.A. was paid from 1.11.2002 to31.01.2005 as under:

 

0.18% of the Pay up-to Rs 9,650.00.+

0.15% of the Pay above Rs 9650 and Up-to Rs 15350.00 +

0.09 % of the Pay above Rs 15350 and up-to Rs 16,350 +

0.04% of the Pay above RS 16,350.00.

 

For the period from 1.02.2005, that 100% D.A. neutralization was achieved through out the scale.

 

4. While the % for every four points rise the 100%D.A was common between Banks and LIC in 2007,2012 wage revisions, LIC workforce got 0.08% for every four points rise meaning thereby that LIC workforce is compensated @108.10%. instead of 100% D.A.neutralisation.

L.I.C workforce merged in the previous wage revision 4708 points and the D.A. payable per four points rise was 0.010%. Last wage revision, they too merged 6352 points and D.A. payable for 4 points rise 4708*0.10%/6352 = 0.074%.If 0.074% represent 100% neutralization then 0.08% represents 108.18%

 

5. We have annexed the chart to show the difference in % D.A. paid for the LIC and Bank employees for the period under reference.We shall pursue to the issue of differential treatment meted out to Banking workforce from 1.11,2017.

 

Yours comradely,

S.NAGARAJAN.

GENERAL SECRETARY.

 

 


Circular No.31/VIII/2023

02.09.2023

 

To:

ALL STATE COMMITTEES / AFFILIATED UNITS

 

 

Comrades,

 

LIC  vs  BANK

D.A. ANOMALY

WILL WE WAKE UP ?

 

Government of India vide its notification dated 15th April 2021 announced the revision of wages to the workforce of LIC. They got wage revision benefits, better than Banking workforce in the following areas.

 

  • Better D.A. per 4 points rise                                                                 0.08%

  • Percentage of loading to construct the new basic pay                      15%

  • 5 days working with effect from:                                                        15.04.2021

 

2.         Normally, the D.A. compensation per 4 points rise is common in the financial sector, right from 01.11.2007, as we got 100% neutralization of D.A with effect from 1.05.2005. The comparative chart is as hereunder:

 

Effective date

Banks - points of merger

DA per 4 points

Effective Date

LIC-points of merger

D.A.

1.11.2007

2836

0.15%

1.8.2007

2944

0.15

1.11.2012

4440

0.10%

1.8.2012

4708

0.10%

1.11.2017

6352

0.07%

1.8.2017

6352

0.08%

 

 

3.         LIC workforce has got D.A. @ 0.08% per 4 points rise whereas they should have been paid only 0.074% ie; 0.006% extra for every 4 points rise.

 

4.         As on November-January 2022, the difference of D.A. was 4.34% excess drawn by the LIC workforce per Rs 100.00.  As on today the D.A. differential is 6.32% [ie;] LIC workforce is drawing more D.A. than bank employees.

 

5.         Our organistion’s demand is to set right the anomaly.  But the affected Banking workforce is suffering in silence.  Time and again, we brought it before the UFBU constituents, but none of them felt it necessary to clarify and unwilling to take steps to secure the benefits. When there was D.A. anomaly between RBI and Bank Employees in the 3rd bipartite in the year 1978 anomaly was set right by late Com. Prabhat Kar the then General Secretary of AIBEA.

 

6.         Our organization took up the issue with DFS, Government of India in August 2021 and demanded the corrections. Subsequently also it was raised in the residual issues discussions with IBA, but no forward movement took place in this matter. The major constituents of UFBU repeatedly felt that LIC has got huge profits and no seriousness was shown in settling this serous anomaly. Not correcting it at least in this current wage revision exercise, not only existing workforce would suffer lifelong but also the retirees.

 

7.         Will the workforce rise to occasion to demand justice from the negotiating unions who are engaged in the second round of negotiations with the Bankers before it is too late?

 

ARISE, AWAKE AND

STOP NOT TILL THE GOAL IS REACHED

                                                                                         = Swami Vivekananda=

 

We shall keep you posted with the developments in due course.

 

 

Yours Comradely,

 

S.NAGARAJAN

GENERAL SECRETARY.


Circular No.30/VIII/2023

01.09.2023

 

To:

ALL STATE COMMITTEES / AFFILIATED UNITS

 

Comrades,

 

Meeting at Mumbai on 30th August 2023

 

The constituents of UFBU met at Mumbai on 30th August 2023.  AIBOA was represented by Com.V.Viswanathan, President, AIBOA -Maharashtra State Committee in the meeting as the principal office bearers were held up.

 

2.         On behalf of our organisation Com.V.Viswanathan raised the issue of D.A. payable to LIC compared to Bank employees.  As on date, the LIC workforce is drawing nearly 6% more.  This is going to have cascading effect in our current wage revision as well as going to be permanent gap in our retiral components too, in the long run.

 

3.         Updation of Pension:  In the absence of the confirmation of the pension provision in the individual Banks as at the close of 31.03.2022 [ by obtaining actuarial certificate] the issue of updation remains a non starter.

 

4.         Current wage revision:  Our representative made it amply clear that the exercise attempted to arrive at a consensus pertaining to the wage revision  in the meeting, should have been carried out on 06.08.2023 prior to the first round initiated by IBA.

 

5.         Participation in the IBA Discussion:  The cause of action arose, as the four individuals, conducted the meeting in their personal capacity on 27.08.2023 at Delhi.  Besides this action, they had represented to UFBU Convenor to allow them to participate in the meeting held at Mumbai on 30.08.2023.  It was decided by the UFBU constituents on 30.08.2023 that there "exists a" legal dispute, no one will be allowed to participate in the discussion with IBA.

 

We shall keep the developments informed from time to time.

 

Yours comradely,

 /S.NAGARAJAN/

GENERAL SECRETAR


Circular No.29/VIII/2023

29.08.2023

  

TO ALL STATE COMMITTEES/AFFILIATED UNITS :

  

Comrades,

 

MEETING HELD ON 27TH AUGUST 2023 ON PERSONAL CAPACITY AT NEW DELHI.

 

Our attention has been drawn to an information circulating in Social Media claiming to represent  our Organisation, which need not be given cognisance at all. The author of the message was a delegate, who represented Delhi State Committee, participated in the preliminary discussions with other office bearers of AIBOA with a service provider on 17.02.2023 and also signed the minutes of the meeting for conducting through E-Voting process.  Not only he was party to the decisions collectively arrived at the meetings held after the 8th National Conference held at Chandigarh in Nov 2022, but also filed the nomination for the post of General Secretary in the E-voting processand secured only 31 votes out of the 441 votes polled. In addition to this, troubles brewed at the Conference venue in third day, as he collected the delegate cards and distributed to the delegates not belonging to Delhi State.

 

2. The four representatives had indulged in an anti-organisational activities with a sole motive to deny the officers of their rightful expectations from  the organisation. In spite of our sincere counselling not to indulge in anti -organisational activities, they did breach our advices in a blatant manner. The organisational discipline and decorum were breached at the conference venue, which the delegates had witnessed/experienced.. Our efforts to accommodate the  individuals, who were aspiring tooccupy important positions, did not bear fruits.

 

3. In view of the above, State committees and affiliated units are to percolate this message in clear and louder tone not to be carried away by the information circulated as the decision of the meeting, as the same is convened in their personal capacity.

 

With greetings,

 

Yours Comradely,

 S.NAGARAJAN.

GENERAL SECRETARY


 

Circular No. 28/VIII/2023

26.08.2023

   

TO ALL STATE COMMITTEES / AFFILIATED UNITS:

 

 

Comrades,

 

OUR COURT CASE CS/SCJ 1064/23- BEFORE DISTRICT COURT PATIALA HOUSE DELHI.

 

We have already informed the State committees and affiliated units about the legal intervention sought by the Central Office of our organization to restraint the four bank-wise federations in conducting the meeting tomorrow at Constitution Club, New Delhi, under the banner of All India Bank officers Association. The case was first heard on 24th August 2023 and adjourned for hearing today at 10.00 A.M. On behalf of our Organisation, Com. Sanjay Handa, Secretary filed the petition on behalf of AIBOA

 

2.       The  case  camup fohearing  to-day.  On  our  request,  Com. Praveen Kumar Goel, Secretary, AIBOA was too present and participated with our learned counsels. The defendants Com. Krishnakumar and Com. Sanjay Khan were present in the court hearing. The adjourned hearing commenced at 11.30 A.M.

 

3.       On completion of the arguments of the case, the Hon’ble Ld. Civil Judge Amardeep Kaur, District Court, Patiala House passed orders. The relevant paragraphs are reproduced hereunder:

 

…. Now since defendants have themselves admitted that they are organising the event in their personal capacity and not on behalf of the plaintiff Association, a prime facie case and the balance of convenience is made out in favour of plaintiff. Further if the defendants are allowed to proceed with the event under or using the name of Plaintiff Association, it would make the participants to believe that the event is being conducted by the plaintiff association or its managing committee or with approval thereof. It would thus lead the participants to believe that the discussions being made in the event are being endorsed by the plaintiff Association, which may lead to some irreparable injury to the plaintiff association.”

 

Defendants no 1 to 4 are directed to amend all signages including banners/backdrop/pamphlets/poster to be placed on the site of the event and describe the event as

“Special delegates session 27.08.2023 called by delegates under 19 of the bye laws of All India Bank Officers Association in

equal font size

  

4.       The case has been posted for further hearing on 29th  November 2023. In the event of any deviation made by the defendants the same will be considered as contempt of the court.

 

5.       The  proposed  meeting  is  convened  by  them  is  in  their  personal capacity and not on behalf of AIBOA. We appeal to all delegates not to be swayed away by the social media messages let loose by one of defendants and restrain from participating in the gathering.

 

6.       We shall keep you informed about the future developments in this regard

 

Yours Comradely,

 /S.NAGARAJAN/

GENERAL SECRETARY. 


Circular No.26/VIII/2023

15.08.2023

  

TO

ALL STATE COMMITTEES/AFFILIATED UNITS

 

 Comrades,

 

DO NOT BE CARRIED AWAY BY SOCIAL MEDIA CAMPAIGN

ABOUT THE MEETING ON

27th AUGUST 2023 AT DELHI

 

In our 8th National conference held at Chandigarh on 25th-27th Nov,2022, there was a demand in writing that the election of new team of office bearers should be held through Secret Ballot. Due to paucity of time and the disruptions occurred on the second and third day of the proceedings of the conference, the elections was postponed for conducting the elections through secret ballot.

 

2.         Taking into consideration of the financial burden of the individual units as well as travel time by all 630 delegates to converge in one place to complete the standalone agenda of election of office bearers for the ensuing term, with due consultations with outgoing office bearers, the e-voting process was carried out by the Election officer, who is time tested comrade of our movement. He had sent 8 advisories to all 630 delegates individually along with the list of delegates drawn based on the list submitted by the General Secretaries of the State Committees. Against the announcement of e-voting process, two of the signatories of the current circular had gone to the court at Delhi and the prayer made by them was not considered by the learned judge.

 

3.         There were requests made by delegates through emails(emanated mostly from one email address) for conducting a special session for election of office bearers through physical voting, brushing aside the occurrence of the manhandling of the General Secretary of the affiliated unit on the second day of the conference at Chandigarh. There were representations from the delegates who had filed the nominations for participating in the e-voting process and in addition to the above, representations were also repeated i.e.one delegate submitting more than one requisition. At the end, it was falling short of the required number for calling for a special session, as prescribed in the bye laws of our organization.

 

4.         On completion of the e-voting exercise conducted by a Government Authorized Company having HQs at Mumbai for 48 hours ie 8.00 AM of 20.05.2023 to 8.00AM of 22nd May 2023, the elected list of 35 office bearers was released by the election officer. Out of 35 office bearers, one office beareropted out due to the best reasons known to him only.

 

5.         Having felt that they have been humbled down by the 441 delegates i.e70% of electorates, they have resorted to new diversionary tactics of circulating the blank notice for requisitioning a meeting.

 

6.         Our appeal to all delegates, who had experienced the shifting stand of some of the signatories in their conduct, should not fall prey to their malicious propaganda of the current one.

 

7.         The office bearers who have been elected through the e-voting process, shall strive to preserve identity of the organisation with all sincerity and seriousness to secure the demands of the rank and file, as we did it in the past.

 

HENCE, donot fall prey to the malicious campaign by couple of representatives for a meeting on 27th August 2023 at New Delhi.

 

 

Yours Comradely

 

/S.NAGARAJAN/

GENERAL SECRETARY.


Circular No.24/VIII/2023

17.07.2023

TO

ALL STATE COMMITTEES/AFFILIATED UNITS

Comrades,

19th July 2023 – 55th BANK NATIONALISATION DAY.

19th July is always to be remembered by the bankmen of the past and present, as on this day in the year1969 decisions were arrived at to nationlise 14 private sector banks first and subsequently another six banks in April 1980. The sole motive was to make the banking services available to the rural masses who were in the grip of deep financial crisis.

2.            The benefits accrued to the society and growth in the economic activities are multifold. Our Banking system stood the test of times. When sub prime crisis of 2008 pulled down the banks in the West, Public Sector Banks of our country stood as the role model for the entire world. Dr. Y.V. Reddy, former Governor of RBI delivered a lecture in foreign country, for the benefit of the Bankers, about the role played by the Public Sector Banks in protecting the interest of the savers.

3.            It was highlighted in our 7th National Conference held at Hyderabad in December 2016 that the Banking Industry has to be saved as the burgeoning of the bad loans would completely wipe out the Banking System in our country and recovering the bad loans was projected as the main tool to revive and retain the Banks in the Public Sector.

4.            The multiple attacks unleashed by the Government at the Centre right from the introduction of New Economic Policy from 1993, are listed out for the benefit of the workforce  

OBJECTIVE OF THE GOVERNMENT

RESULTANT ACTION

Privitisation of Public Sector Banks

Dilution in equity

New generation of Public Sector Banks, Payment Banks, Small Banks

Merger of Associate Banks with SBI

Merger of six Public Sector Banks with four Public Sector banks

Diverting the Government businesses to Private Sector Banks.

To kill the Public Sector Banks

Outsourcing permanent jobs

Near abolition of recruitment of staff in all cadres

Inadequate infrastructure affecting the Customer service in the Branches.

Levying charges on customers for availing the facilities.

Reduction of Interest thus the savers are driven out of Banking System.

Indirect support to corporate looters

Lack of Will on the part of the Government to enforce the laws for Recovering bad loans

Facilitating the corporates not to pay even the principal amount availed in the form of huge haircuts

To dissolve the Trade Unions

Non Appointment of directors representing the officers and workmen for the past eight years.

5.   The current trend of rating the Public Sector Banks is based on the Scorecard prepared containing % digital target achievement and % merchant acquisition. Based on this exercise, the following banks are classified Good performers viz. Canara, UCO, Bank of India, Bank of Baroda, Punjab and Sind Bank, SBI, Indian Bank, IOB and PNB. The average performers are Bank Of Maharashtra, IDBI, Central Bank of India and Union Bank of India.

6.            The top banks by NPA Write offs are;

State Bank of India

Rs.19,666.00 Cr

Union Bank of India

Rs.19,484.00 Cr.

Punjab National Bank

Rs.18,312.00 Cr

Bank of Baroda

Rs.17,967.00 Cr.

Bank of India

Rs.10,443.00 Cr.

Indian Bank

Rs.8,347.00 Cr.

Canara Bank

Rs.8,210.00 Cr

UCO Bank

Rs.3,851.00 Cr

IOB

Rs.3,769.00 Cr.

The amount written off by Public and Private Sector Banks for the year ended 31.3.2022 was Rs 174,968 crores

7.  Digitalised Banking Units have come into stay from last year thereby the lending to a customer is based on the Aadhar card and customer too feel comfortable with the present arrangements, leading to defeat of physical interface between the customer and banker. 

8. One of the leading banks, has recently established the Banking activities through Virtual mode. It is nothing but man-less banking. The slogan of eighth National Conference recently held at Chandigarh in Nov 2022 was Save Gen Next from Job Losses and Secure Job Security.

9.  The task before the workforce is to protect,preserve and promote Public Sector Banking for the betterment of the common people of this Nation. There are serious attempts to dilute the capital of three leading banks and also to privatize three banks, the names are seriously making rounds in the social media etc 

10. While, we remember the sacrifices made by the founding fathers of the movement and hail the Nationalisation of Banks, we call upon the entire workforce to be in readiness to launch a sustained program against ill-advised moves of the Government as well as Controller of Banking System. Our future struggles shall be akin to the struggles of the farmers, if we really serious to halt the approach of the Government.

Yours Comradely,

/S.NAGARAJAN/

GENERAL SECRETARY.

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Circular No.23/VIII/2023

12.07.2023

To:

ALL STATE COMMITTEES/ AFFILIATED UNITS                                             

Comrades,

TRUTH AND JUSTICE GO HAND IN HAND –

DWARAKA COURT JUDGEMENT

You are aware that a civil case was filed against AIBOA in the Dwarka Court, New Delhi seeking the legal intervention to restrain us from conducting the election of Office Bearers through e-voting process. The case was listed on 18th May 2023 and posted for hearing on 19th May 2023. Upon hearing the advocates of the Plaintiffs, the court was not inclined to grant the stay. The case was posted for hearing on 11.07.2023.

2.         The process of election was conducted for 48 hours from 8.00AM of 20.05.2023 to 8.00AM of 22.05.2023. The new team of office bearers was declared elected by the Election Officer on 22nd May 2023.

3.         Yesterday, the case came up for hearing and the following judgement pronounced which is as under:

The present suit has become infructuous by disappearance of the cause of action and pursuing with the present case would amount to abuse of process. Accordingly, the present suit/plaint filed by the plaintiffs is thus not maintainable, same is rejected".

File be consigned to Record Room after compliance with due formalities.”

Now that the legal recourse is also over, all our affiliates are advised to concentrate on strengthening the organization in every manner.

Yours comradely

(S NAGARAJAN)

GENERAL SECRETARY

 

 

Circular No.22/VIII/2023

04.07.2023

To:

ALL STATE COMMITTEES / AFFILIATED UNITS

 

Comrades,

 

COM.K.BHASKARAN

FORMER VICE PRESIDENT IS NO MORE

Com.K.Bhaskaran aged 74 years former Vice President of our organisation has breathed his last today at 7.00 am at his residence.  He was holding the position in Indian Bank Officers' Federation [IBOF] as Chairman and President of Indian Bank Officers' Union, Tamilnadu.

Com.K.Bhaskaran on his promotional posting to New Delhi who had organised the officers under the banner of AIBOA, even before foundation of AIBOA.  He along with late Com.Subramanian of Mumbai, spear headed the organisation in Indian Bank.  Com.K.Bhaskaran was elected as the Vice President of AIBOA in the first conference held at Mumbai in the year 1986 and continued till the Calicut Conference in 2001.  He was also actively associated with AIBOA-Tamilnadu State Committee].

 Com.K.Bhaskaran was actively involved in reviving the Indian Bank, when there was restriction in infusing capital by the Govt. of India with various conditionalities.  The marathon discussions held by the Unions with the then Chairperson Smt.Ranjana Kumar,  and the host of executives was an epoch making event in the annals of the Trade Union history of Banking.

Com.K.Bhaskaran, left behind his wife, son and a daughter and thousands of Bankmen in Indian Bank 

AIBOA while condoling the death of Com.K.Bhaskaran, convey our deepest condolences to the bereaved family and dip our banner in his memory.

We share our grief with family members

 

Yours in grief,

/S.NAGARAJAN/

GENERAL SECRETARY

http://aiboa.org/www.aiboa.org/images/ib_bhaskaran.gif

 

Circular No.21/VIII/2023

02.07.2023                                                                                                                                                                                                                                                                Camp: PATIALA

TO

ALL STATE COMMITTEES / AFFILIATED UNITS:

Comrades.

                                               THANKS GIVING FUNCTION TO WELL WISHERS AND VOLUNTEERS OF 8TH NATIONAL CONFERENCE HELD AT CHANDIGARH.

 

Prabhat – Parvana Trade Union Centre, Patiala, owned by All India State Bank of India Employees’ Federation was the place where the thanks giving function to well - wishers and the volunteers who had contributed for the conduct of three days eighth national conference of our organization held at Chandigarh in Nov 022 was held today.

2.  The program commenced with the offering of flowers to the statue of Com N K Gaur, former Secretary of AIBEA by the participants. 

3.  Com Charanjeev Joshi, General Secretary of AIBOA – Punjab State Committee compared the felicitation program. The function was jointly presided over by Com Ashwani Pradhan and Com Ashwini Saini, Vice Presidents of our organization. Com Gurmeet Singh, President AIBOA – Punjab State Committee, Com Parveen Goel, General Secretary, AIBOA – Haryana State Committee, Com Vinod Sharma, Secretary reception committee, Com G S Oberoi, Chairman, AIBOA – Haryana State Committee, Com V Ramabhadran, DGS, AIBOA – Central Office and Com Sanjeev Bhalla, Chairman, AIBOA – Punjab State  Committee were invited to the dais.  

4.  Com Joshi presented the developments in a nut shell and the election of  Office Bearers through the e-voting process was reported. The dignitaries viz., joint presidium followed by other Office Bearers complemented the volunteers numbering 55 for their untired and selfless service during the preparation and upto the conclusion of the conference.

5. Com S Nagarajan, General Secretary, reported about the developments concerning privatization of public sector banks, five days week, up-dation of pension, pressure on Officers on sale of insurance at the branch level, NPS to  OPS and parity of wages and service conditions with SBI Officers. In the matter of up-dation of pension for SBI retirees, Govt of India has constituted a committeewith a direction to complete the process by 21 st July 2023. Further Govt of India issued the instruction to RBI to revise the pension with effect from 01.11.2017 for their retirees (i.e., merger if DA up-to 6352 points).

                                                               AIBOA shall strive hard to make the updation available to all retirees right from 1986 and up-to the last wage revision.

6.  Subsequently, the volunteers and the well-wishers were honoured with a memento along with a towel by the dignitaries present on the occasion. The details of social identification programs undertaken by JANHATI SAMITHI by its secretary Com Vinod Sharma, who was the Secretary of the reception committee was made known to the participants. The participants were overwhelmed with the gesture demonstrated by the Central Office of our organization. The program concluded with lunch to all.

Yours Comradely 

/(S NAGARAJAN) /

GENERAL SECRETARY

-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Circular No.20/VIII/2023                                                                      Camp: Mumbai

21.06.2023


To:
ALL STATE COMMITTEES / UNITS
Comrades,

                                                
 UFBU MEETING HELD TO-DAY AT MUMBAI

In order to decide the future course of action to realise the demands of 5day week, updation of Pension and non-commencement of the
discussions on 9th Joint Note and as demanded by AIBOA. UFBU convened the meeting today followed by IBA discussions.

2. AIBOA was represented by Com.Devadas Menon, newly elected Dy.General Secretary, Com.V.Viswanathan, President, AIBOA[MSC] and the
undersigned in the meeting. All the constituents of UFBU participated in the meeting. Com.Sanjay Khan who lost the election conducted by AIBOA,
through E voting, stood to present his view, which was objected by us, as the notice of UFBU, was addressed only to the undersigned. UFBU
advised both groups of AIBOA to be away to enable them to take a decision. The issue of representation stood unresolved.


3. Though there were many issues in the meeting by constituents, the meeting did not come to any concrete decision to retaliate against the
lackadaisical attitude of the IBA- Government combine.

4. In the post lunch session UFBU was to engage for a discussion with IBA to sort out mainly the matter of insurance backed hospitalisation scheme.
Due to conflict created by the defeated person from Central Bank of India, backed by a leader with a vested interest, who was not to be present in the
UFBU meeting is the main kingpin in this current melee. UFBU convenor did consult the undersigned and to honour the feeling 441 delegates who have
elected the new team of office bearers, the undersigned did categorically express not to have representation inside the meeting as the ghost writer of
the letter's dream stood shattered.


The development will be communicated in due course.

Yours comradely,
/S.NAGARAJAN/
GENERAL SECRETARY


Circular No.18/VIII/2023

12.06.2023

TO

ALL STATE COMMITTEES/ UNITS

Comrades,


WELL BEGUN 8
TH
   NATIONAL CONFERENCE  AT CHANDIGARH  CONCLUDED AT RJS BHAVAN, MAMALLAPURAM.

The thirty four office bearers, duly elected through the democratic process, met at RJS Bhavan, Mahabalipuram on 10th  and 11th June 2023 to take organisational decisions inthe background of changes in different dimensions from different environments.

1. FLAG HOISTING AND PAYING RESPECTS TO THE LEADERS OF THE MOVEMENT : Com. AlokKhare , Com. Anil Kumar and Com. A.N. Suresh Chairman, Vice-Chairman and President respectively jointly hoisted our flag followed by the floral tributes to the statues of Com.Tarakeswar Chakorborti andCom.R.J.Sridharan. All office bearers too paid tributes to the leaders in succession.

2. COMMENCEMENT OF THE SESSION: The office bearers’ meeting commenced at 10.50 AM, chaired by Chairman, Vice Chairman and President. The Joint Presidium directed the house to observe two minutes silence in the memory of the departed personalities and people in general and to the following leaders in particular, who became part of the history during the intervening period from Nov 2022 till 10th June 2023

Shri. Shanti Bhushan, Former Law Minister of India, 2. Mr. Jagannath Mahto, Education Minister Jharkhand,  3. Mr. Naba Kishore Das Health Minister Odissa State, 4. Shri.Sharad Yadav former Central Minister, 5. Shri. Keshari Nath Tripathi, former Governor of West Bengal and Bihar,  6. Shri. Prakash Singh Badal, former Chief Minister of Punjab, 7. Mr. Sumitra Sen, Veteran Rabindra sangeet exponent, 8. Mr. Arun Manilal Gandhi, Social and Political Activist, 9. Com. Suresh Dattaraya Dhopeshswarkar,  Former President AIBEA, 10. Com. S.D. Sundararajan founder General Secretary AIBOA (Kerala State Committee) 11. Com. Bhigirath Shenoy, former joint secretary of Corporation Bank Employees Unionand 12. Passengers died in the Odisha train tragedy.

3. WELCOME ADDRESS IN CAPSULE FORM: Com. V.Ramabhadran, General Secretary AIBOA ( TNSC), while welcoming the democratically elected leaders participating in the first office bearers’ meeting, appealed to them to chalk out different path to build the organisation in the individual states as well as in the affiliates too, in the challenging times.

ORGANISATIONAL DEVELOPMENTS : The house was briefed about the organisational developments that had taken place during the period from December 22 to June 8th ,2023. The collective decision of the office bearers to go for E-Voting process, interaction with the service provider by 7 representatives of the organisation, conduct of the mock drill by the service provider, and ultimately conclusion of the election through E-Voting process from 8.00 A.M of 20th May 2023 to 8,00 AM of 22nd May 2023. This exercise was carried out to comply with a request made by a unit on 27th Nov, 2022 at Chandigarh. The E-voting process was 100% secured, voting can be done from anywhere and no pressure tactics on the 630 delegates. 0ut 0f 630 delegates 441 delegates had exercised their franchise. The elected team of office bearers are drawn from 14 States. As a matter of information representatives from 10 public Sector Banks, 4 privatebanks and 2 from RRBs are in the team of office bearers. The house was briefed about the court case filed in Delhi as well as Mumbai and status of the same was also shared. The recent development taken place in Bank of India in winningthe work life balance and also against the pressures exerted on officers for third party sale was also informed.

Then, the joint Presidium advised the office bearers, to have self-introduction and subsequently directed to offer their views so as to enable us to take collective decisions. On the first day, the agenda on Organisation was kept open for further discussions.

In all, 25 office bearers participated and offered their view points on men and matters in a free and frank manner. On conclusion of the presentation of views, the required clarifications on organisation, our role in the discussions held on 31.01.2023 and 28. 02.2023 with IBA, the inept handling of the issues of importance of serving and superannuated workforce were presented. Apart from the above, the following decisions were unanimously taken to build the organisation at Bank/State/and at All India level.

a. Formations of the Advisory Committee: Taking into consideration of the contributions made in the past in developing the Organisation in various States, it was decided to have the following comrades in the Advisory

Committee who will be attending  our CC meetings.

1. Com.Vinod Sharma,(Punjab), 2.Com. S.K. Sengar (U.P),  3.Com. G.S. Oberoi( Harayana)  4. Com. I.Haranath (A.P and TS)5. Com. N.K.Sharma (Rajasthan) 6.Com. V.P. Ponkshe (Maharastra) and  7. Com.M.S.Jaishankar( M.P)

It has been decided to write to the General Secretary AIBOA (Assam State Committee) with an advice to provide the name of the comrade to be partof the advisory committee.

Further, the travelling expenses will be reimbursed to the members of the advisory committee to the extent of two a/c train fare and expensespertaining to the staying at the place of CC meetings will be borne by the Central office.

 b. Organisational Leave to Office Bearers: The list of office- bearers eligible to get 21 days was decided and the rest of the office bearers will be covered under the CC members 17 days per year.

 c. Concluding Elections of AIBOA (Bihar State Committee):     Com. V. Ramabhadran DGS and Com. Deep Prakash Rawat Secretary AIBOA have been entrusted with the Organisational assignment in concluding the election agenda of the Bihar State committee.

 d. Conducting the overdue State Conferences:  The State Conferences of Maharastra, Gujarat and Rajasthan should be completed within  90 days ie on or before 31.08.2023.

 e. Formation of Women Cell: In order to give due representation to women in our organisational activities, it was decided to conduct a women convention at a convenient place within a shortest period of time. Thewomen’s council will have a Convenor and 6 members with pan India representation.

f. Merger of unions: Efforts will be made to facilitate the process of merger of IBOF and AIABOF as per their MOU dated 19th  December 2020 at New Delhi.The understandings reached between representatives of AIOBOA and AIPNBOF at Panipet on 13.06.2020 and the subsequent discussions held on 02.09.2022 at Dwarka on implementation of the decisions on organisational and financial matters will be given a final shape.

g. Handling of the Court Cases at Dwarka New Delhi and GoregaonMumbai: The meeting decided to entrust the assignment of handling the Court Case at Dwarka, New Delhi to Com. Praveen Kumar Goel Secretary AIBOA and at Goregaon Mumbai to Com.Devdas Menon, DGS AIBOA. An amount of Rs 21000/ was sanctioned for the consultation Charges to M/S Bedi Associates and Rs 11000/ to Shri.Sharma, Advocate, who will be participating in the regular hearing at Dwarka Court.

h. Conducting Defence Class: It has been decided to draw the plan to hold the defence Class at earliest possible time.

i. Subscriptions to our House Magazine Two Roses: The Life subscriptions to our house magazine should be collected from our members across country, as one of the organisational tasks. All office bearers should become the Life member for Two roses immediately.

j. Financial Help to AIBOA( J&K, Ladakh Committee): Based on the request made, the meeting decided to consider the requirement of funds ofRs 3,00,000.00 as loan to the unit to redevelop the organisation.

k. Social Media Policy :All State committees are to address the communications to the General Secretary and need not mark the copy to other office bearers. The Central office will totally handle the Social Media exclusively. The details will be provided to the office bearers, State Committees and affiliated units, shortly.

l. Resolution of the dispute affiliated unit –BOBOU :  The meeting decided to entrust the task of resolving the organisational issue of BOBOU to a committee consisting of Com. Anil Kumar Vice Chairman, Com.A.N.Suresh President and Com.V.Ramabhadran DGS AIBOA.

m. Roles and Responsibilities of Office bearers of AIBOA :In order to involve the entire team of office bearers in building the organisation across the country, a detailed exercise will be carried out shortly by Central Office of AIBOA.

n. Extending support to AIUTIOA : The meeting took note of developments in our affiliate and decided to extend support to their demand of realizing one more option for PENSION in UTI

  7.  Co-ordination:

       The recent developments in the Apex level organisations of AIBOA and AIBEA  came up for a discussion specifically in the matter of conducting the elections and also on  subsequent developments. The meeting unanimously arrived at the decision and adopted a resolution in this regard, which is appended.  In addition to the above, the issues viz; Privatisation of Banks, (IDBI,IOB and CBI) 5 day banking, up-dation of pension, pressure on sale of 3rd Party products on officers, NPS to OPS, non-commencement of discussion onwage revision and parity of wages and service conditions with SBI officers came up for discussions in the meeting. It was decided to take up the same with all like minded officers’ organisations to realise the same at the earliest possible time. 

 8. Conclusion :

              The first meeting of 34 office bearers adopted a resolution unanimously encompassing the above in a precise manner and resolved to build the organisation at Bank level, State level and All India level with mutual cooperation and coordination.


Thus,
the exercise well beganAt Chandigarh in Nov,2022 was concluded at RJS Bhavan Mahabalipuram on 11 th June 2023, thereby the delegates of the conference had the opportunity of participating in the new process of election.

Yours Comradely,
/S.NAGARAJAN/
GENERAL SECRETARY. 

 



 


Circular No.12/VIII/2023

February 12, 2023

To:

ALL UNITS / STATE COMMITTEES

Comrades,

AIPSBOF INTERVENES

TRANSFER POLICY AND PROMOTION POLICY FOR OFFICERS

PUT ON HOLD

Our affiliate All India Punjab and Sind Bank Officers' Federation is in under constant pressure due to the managements unilateral and unreasonable steps in dealing with the issues concerning officers in Punjab and Sind Bank.

2. During the period of earlier MD and CEO, the Bank introduced retrograde provisions in the promotion policy for officers, which was opposed by AIPSBOF. The management was adamant not to grant audience to the Federation Principal office bearers and also to the President, North Zone on their visit to Head office to discuss the unscientific amendment in the promotion policy. The two office bearers remained cool and calm in dealing with provocative approach of the management. Ultimately the earlier MD & CEO along with top management team had to sit across and understand the gross root realities to address the problems of the officers.

3. Once again, based on certain undesirable developments, management unilaterally brought the amendments in the transfer policy for officers, keeping aside all Government guidelines applicable to Women, Physically challenged and sport persons etc. Effort were taken to bring the difficulties on account of the amended transfer policy to the knowledge of the top management in a meeting held at North Zone. But management maintained that there is no need to engage officers' organisation in the discussion. Contrary to this stand, there is a written understandings with AIPSBOF [ majority recognised officers Federation] that the management will discuss and finalise the policy matters.

4. Inspite of reasonable and consistent approach by AIPSBOF, the management of the Bank remain adamant and stubborn in their approach. In this background, the Central Committee of AIPSBOF met on 5th February 2023 at Delhi decided to resort to the agitational path, culminating in a day's strike on 13.,03.2023. The management was intimated about the programmes of agitation.

5. Having realised the crisis situation, the management had invited the AIPSBOF representatives led by Com.Charanjeev Joshi, President and Com.Ratneshwar Chaudhary, General Secretary, AIPSBOF for a discussion on 9th February 2023. After a detailed discussion it was agreed between the both parties that Federation would submit detailed submission on transfer policy, facilitating the management to take it forward for updating the same.

 

The deferment of the agitation by AIPSBOF was on the assurance of the management not to go ahead till the matter is resolved. The minutes of the meeting is reproduced.

    All glory to the leadership of AIPSBOF.

Yours comradely,

/S.NAGARAJANGENERAL SECRETARY   
 



Circular No.11/VIII/2023

February 12, 2023

TO

ALL UNITS / STATE COMMITTEES

Comrades,

DECISIONS OF THE OFFICE BEARERS’ MEETINGS.
ELECTION OF OFFICE BEARERS.

The 8th National Conference of our organization held at Chandigarh on 25th-27th November 2022 stood adjourned, due to a unit’s request to conduct the election of office bearers through secret ballot. The standalone issue could not be completed due to paucity of time too.

2. The office bearers’ meetings were held virtually on 29th Dec,2022, 28th Jan,2023 and on 11th Feb,2023 to draw the blue print for completing the agenda of election of office bearers. The meeting held on 29th December 2022 under the Presidentship of Com. A.N. Suresh, it was decided unanimously to adhere to the bye-laws of the organization in the matter of participation of the maximum delegates of 50 from the State Committees. The members of the credential committee stationed at Central office are already in correspondence with the State committees where the corrections are to be carried out as per the decision.

3. The meeting held on 28th Jan,2023 under the joint Presidium of Com. Alok Khare, Vice Chairman and Com. A.N. Suresh, President to decide the clearance of financial obligations by the affiliated units. It was earlier decided in the CC meeting held at Lucknow on 8th and 9thOctober 2022 and subsequently in the office bearers’ meetings that affiliated units are to clear the subscription of Rs 60/ per member per year up-to 2022. As per the bye law of our organization, non- payment of any contribution, shall disqualify the defaulting organization from voting at or participating in the meeting of AIBOA. Some of the units are yet to fulfill the financial obligations to AIBOA. On follow up with the units, two units have remitted partially and sought time to clear the same by 30.06.2023. The second meeting decided to advise the units to clear the financial obligations to AIBOA without any delay.

4. Before taking up the agenda slated for the discussion, the meeting observed one minute silence in the memory of Com. Manoranjan Bose, former Treasurer of AIBEA, who breathed his last on 9th Feb,2023 at Kolkata. The third meeting held yesterday, under the joint Presidium of Com.Alok Khare Vice Chairman and Com.A.N.Suresh President, was to transact the agenda of deciding the date for the election. Taking into account the circumstances, it was decided to grant time to clear the dues by 31.03.2023.

5. Taking into consideration the cost involved in travelling and other arrangements to be made for the delegates to participate in the election exercise, it was decided to conduct e-voting and to decide the modalities of the same, the members of the credential committee to undertake a visit,along with the Com. V. Ramabhadran, Secretary AIBOA from Central office, to finalise with the service provider at Mumbai. The Principal office bearers of AIBOA (MSC) will also engage in the proposed exercise. It was suggested to complete the same in the ensuing week itself. Subject to the completion of the assignment with the service provider, the meeting further decided to hold the election in third or fourth SUNDAY of March 2023.

6. The meeting unanimously decided to request Com. V. Ananathanarayanan a senior comrade of our movement to be the Election Officer of 8th National Conference, to complete the process of the election.

Thus, the third virtual meeting came to end with vote of thanks by the Joint Presidium.

Yours Comradely,

/S.NAGARAJAN/

GENERAL SECRETARY. 

                                                                                         

Circular No.10/VIII/2023

February 3, 2023

TO

ALL UNITS / STATE COMMITTEES

Comrades.

UNREASONABLE STAND BY THE MANAGEMENT OF MAHABANK FORCED THE WORKFORCE
TO OBSERVE STRIKE ON 27th JAN, 2023.

ESCALATION INEVITABLE TO MOVE ON TO TWO DAYS STRIKE
ON 9th and 10th FEBRUARY 2023.

     The workforce in Bank of Maharashtra unitedly taken up the issues concerning the Institution, strict adherence to the provisions of Industrial Disputes Act in the matter elected representative’s participation in the discussions with the management, ill treatment meted out to officers including executives and more importantly recruitment of Staff of all cadres to maintain the status of the No one Position amongst the Public Sector Banks in the Industry.

     2. Having unleashed the attacks in various forms to strangulate the trade unions in the Bank, management further demonstrated its negative approach by forcefully evicting the union premises provided three decades back by them as part of industrial relations exercise in Lok Mangal Pune and sealing the union offices at Mumbai and Nagpur.

      3. Efforts to arrive at an amicable and workable solution before the Conciliation Authorities at Mumbai on 24th Jan 2023 and subsequently too did not yield the required positive response from the management. Every action will have equal and opposite reaction. Thus, the strike on 27th Jan 2023 was forced by the management on the workforce in MAHA BANK was a total success. The report speaks for itself.

      4. Unions are forced to take further steps to arrest and halt the unwarranted attacks of the management on the workforce. They have given a call once again for two days strike on 9th and 10th Feb. 2023 to realise their just and reasonable demands.

      5. Our organization totally support the strike actions by the workforce in Maha Bank and direct the State Committees to extend all necessary support to them at all centers and make the two days strike in MAHA BANK a resounding success.

With greetings,

Yours Comradely,

S.NAGARAJAN.

GENERAL SECRETARY


Circular No.8/VIII/2023
February 1, 2023

To:
ALL UNITS / STATE COMMITTEES

Comrades,

Discussion with IBA - 31.01.2023

IBA held bipartite discussions with UFBU yesterday (31-01-2023) in Mumbai. IBA was represented by Shri M.V. Rao, MD& CEO, Central Bank of India, who is the Chairman of the IBA’s HR Committee and ED/CGM/GMs of various Banks who are also members of the committee.

The discussions were held in three parts viz. on common demands, demands of workmen unions and demands of officers’ associations.

" Common Demands ":

1. Introduction of 5 Day Work Week : We had earlier suggested an increase of 30 minutes per day in the working hours for declaring all Saturdays as holidays. In this meeting, IBA proposed that the working hours be increased by 45 minutes per day for implementing 5 day work week. We, however, insisted on our earlier suggestion. After further discussions, IBA requested us to submit our revised suggestions on working hours and business hours for cash and cash transactions. We informed IBA that we shall submit our views after discussions amongst our constituent unions.

2. Updation of Pension : To our demand for updation of pension, IBA informed that the issue is under litigation before the Supreme Court. However, IBA wanted us to concretise our demand so that they may work out the cost involved for such updation and for taking a considered decision looking to its impact on the Pension Fund in each bank, the additional provisions that Banks have to make in the Pension Fund, etc. IBA also explained that the general view and perception that existing amount available in the pension fund is adequate to meet the additional cost of updation is misplaced since all the Banks are already making additional provision every quarter even to meet the cost of the present pension payouts. We demanded sharing of data and engagement of one or more actuaries to calculate the actual cost of updation and also to analyse the health of the fund.

3. Reverting to Old – DA Linked Pension Scheme : To our demand for restoration of and reverting to old pension scheme for the post-April, 2010 recruitees, IBA informed and suggested that since this would amount to amending our existing Settlement, the same may be taken up and discussed during the ensuing negotiations for wage revision. We have agreed to the same.

4. Increase in Ex-gratia pension for Pre-1986 retirees/spouses: To our demand for increase in the Ex-gratia pension being paid at present to the pre-1986 retirees and the surviving spouse, IBA informed that the matter is under active consideration of the IBA Managing Committee and a decision will be taken shortly and accordingly the Banks will be advised.


5. Negotiations on Charter of Demands: IBA informed that the Government has sent their communication to the Banks that the negotiations for the next wage revision may be initiated and accordingly IBA requested all the Banks to peruse the charter of demands and submit their mandate to the IBA. In view of this, we suggested to the IBA that the date for the formal commencement of the negotiations may be fixed at an early date with a view to complete the process as early as possible and avoid undue delays. IBA agreed with our views and informed us that they would discuss amongst themselves to further move in the matter.

DISCUSSION WITH WORKMEN UNIONS:

In the DA Scheme, the base year may be shifted from 1960=100 to 2016=100.

IBA opined that this can be taken up for discussion in the negotiations for ensuing wage revision.

Allocation for Staff Welfare Schemes to be based on Operating Profit instead of Net Profit

IBA informed that the issue is under active consideration

Revision in Conveyance Allowance for Physically Challenged employees as agreed in the 11th BPS.

IBA informed that the same been duly recommended to the Government and the same is in process.

Special Allowance to be paid to the Award staff in North East

IBA agreed to follow up the matter with the Government.

Special Compensatory Allowance in J&K, Himachal Pradesh

IBA agreed to refer the matter to the Government.

(i) FAQ to Bank on uniform guidelines on fitment /protection of emoluments on joining the Banks and (ii) clarification to be given by IBA on Clause 4(c) of 12th BPS

(i) IBA agreed to look into this issue.

(ii) IBA informed that the issue would be discussed further in the light of the submissions made by the Unions

Proper implementation by Banks of the Govt. guidelines regarding transfers, promotions and postings of PWD(persons with disabilities)

IBA informed that these guidelines are being adhered to by the Banks

Uniform Business/Banking Hours in Banks

IBA informed that the issue can be discussed along with the discussions on 5 day work week.

Retirement benefits to be brought out of the purview of income tax.

IBA informed that they are facing some court cases in this regard and hence cannot discuss the matter since it is subjudice.

Reduction in premium on medical insurance for retirees

IBA informed that the issue can be discussed in the Small Committee

Improvement in pension scheme – additional pension above age of 80,90 & 100; full pension after 20 years service; calculating pension based on last month’s Pay

IBA informed that these issues require further discussions.

Pension to resigned employees

IBA informed that they are not inclined to agree.

DISCUSSIONS WITH OFFICERS ASSOCIATIONS:

Double Jeopardy

IBA, quoting the legal decision and expressed that an officer, who had not accepted the promotion offered, had disentitled himself to receive the monetary benefits. However, IBA was willing to examine the issue of considering the granting the monetary benefits to those opting out of promotional exercise as well as to those who were denied of PQP and Stagnation on account of their refusal but subsequently participated in the promotional exercise but not selected/failed in the examination.

D & A Regulations

We placed on record the efforts made by the Chairman of HR committee, who facilitated the issuance of Government guidelines on Uniform accountability policy in the industry. IBA team, informed that lot of efforts have been put in this matter and the matter is resting with CVC. Having brought the Uniform Accountability policy in the industry, the need has also arisen to have a common codified effects of Punishments (as available in SBI) and also to have a provision to allow the retired officers to act as defense assistants in the departmental enquiry initiated after retirement as per Pension Regulations 1995. We also brought to their notice how some banks are treating retired officers in the matter of departmental actions. IBA assured to examine our standpoints.

Grid Holidays

IBA informed that at present there is an arrangement of monetary compensation to the officers working on the declared holidays under NI Act, as informed by the members banks. We categorically reiterated that number of holidays available to the officers working in the branches should be made available to them. On average, the officers working in the grid are deprived of 14 to 15 days in a year. In sum total, for three years, they are at a loss of 42 to 45 days. We reiterated that our officers should be entitled for additional privilege leave to compensate the loss. IBA agreed to examine the same again.

Child Care Leave

IBA informed that the DOPT guidelines are applicable only to Central Government employees. We brought to their notice that there was an assurance on the floor of the Parliament of the then Minister for State for Finance to extend the facilities to all PSUs and also Banks.

North East Allowance:

We reiterated that the facility to be extended to all officers as available in RBI and other government institutions. The required data from Banks should be collated at the earliest. IBA agreed to follow up the matter with the Government.

Stagnation Increments

While IBA reiterated their approach that the monetary benefits would be available from 1.11.2020, we opined that most banks have not correctly interpreted the payment of arrears due to introduction of one additional increment from Scale 1 to Scale-IV and the readjustment of the periodicity. The amount to be paid as arrears have been factored in while computing the financial allocations. In fact, we stated that the number of officers stagnated are bare minimum, the benefit should be extended forthwith. IBA has agreed to revisit the issue, in view of the benefit extended to officers in some banks, who have correctly interpreted the date of payment of arrears due to introduction of an additional stagnation increment and also the reworking of increments due to reduction of periodicity from 3 years to 2 years.

LFC

IBA has appealed to take it up in the ensuing salary revision exercise, we reiterated that an advisory needs to issued to make the facility available to spouses. IBA agreed to examine the matter positively. We are confident of clinching this issue.

Reimbursement of Expenses on Travel By Road

IBA has informed that they are actively engaged in the process of enhancement of the quantum and delinking of the same from existing railway freight charges.

PLI

IBA is in the process of taking a positive decision, as per our earlier submissions that all officers who have joined/retired/deceased during the financial year under consideration should be paid PLI.

Mandatory Leave

IBA informed that the advisory was already issued. We, however, reiterated that while some banks have since introduced this concept of treating the 10 days mandatory leave as a special leave, many banks were yet to introduce the same in their respective banks.

Medical Aid 2017

IBA is willing to examine the issue for payment of full medical aid for the year 2017 in view of the provisions made in the 8th Joint Note.

Tax On NPS 14%

IBA informed that they have already taken up with the concerned authorities for exemption of the additional 4% paid by the employer.

Yours Comradely,

/S.NAGARAJAN./

GENERAL SECRETARY


Circular No. 6/VIII/2023

13.01.2023

TO

ALL UNITS / STATE COMMITTEES

Comrades,

NINE CONSTITUENTS DECIDED TO OBSERVE
STRIKE ON
30th and 31st JANUARY, 2023.

A meeting of the nine constituents was held at Hotel Avion, Vile Parle, Mumbai yesterday, commencing its proceedings from 11.25hrs. Our Organisation was represented by Com. Devdas Menon, Com. V. Viswanathan General Secretary and President of AIBOA(Maharashtra State Committee) respectively along with the undersigned.

2.         The meeting was held in the background of the non- responsiveness of the IBA in resolving the residual issues for which the MOU were signed in December 2020 and Jan,2021. Prominent and common issues are 5days Banking, Up-dation Pension and scrapping of NPS.

Subsequent to the earlier meeting held at Chennai on 15th December 2022, our organization addressed a communication to the Convenor UFBU on reduction of Cash Hours due to increased usage ofUnified Payment Interface (UPI) and also on up-dation pension based on actuarial report for which actuary was appointed two years back by IBA.

3.         After the unanimous acceptance by all constituents to observe the Strike prior to budget Session, the following issues have been listed.

[1] 5 days Banking
[2] Up-dation of Pension:
[3]. Resolution of remaining residual issues
[4] Scrapping of NPS
[5].Immediate starting of Wage negotiations
[6] Adequate recruitments in all cadres to provide effective customer service.

4.         INSURANCE BACKED HOSPITALISATION SCHEME: Our organization has placed that due to very many inadequacies in the scheme and there was no discussion held on the submission made by four officers’ organizations while concluding the 8th joint note, in the current charter of demands, it was categorically made clear for rolling back to the old scheme. On Constitution of the committee for the purpose of the discussions with the service providers i.e Insurance Company, we had expressed that all constituents should be the members as in the case of PLI.

We have also informed that an account holder in banks (Indian Bank, Canara Bank, Bank of Maharashtra and Bank of India) gets a coverage by paying less premium.It was agreed that the constituents should submit the details for taking up with IBA.

5.         We, advise that our State Committees should take note of the above developments with all required seriousness and prepare the workforce for the action programs without any laxity.

Yours Comradely

S. NAGARAJAN

GENERAL SECRETARY.


Circular No.4/VIII/2023

12.01.2023

TO

ALL UNITS / STATE COMMITTEES

Comrades,

BABY STEP TO HALT THE MOVE OF
DISINVESTMENT
OF GOVT AND LIC STAKE IN IDBI LTD.

Industrial Development Bank of India, was established in 1964 as a Developmental Financial Institution by enactment of an Act by the Parliament to finance the projects of huge outlays and loans are to be repaid over a period of 20 to 30 years.The Institution was growing and due to the new accounting norms of income recognition brought into the banking system, the number of bad loans increased leaps and bounds over a period of time. Due to the mis-step converting the DFI to a Universal Bank, problems were further added.  Not only that, a private sector Bank established in Western Maharashtra was merged with IDBI, due to certain compulsions by the owners of the financial system. The service conditions of RBI were extended to the workforce till 2005, the year in which the IDBI repeal act was enacted in the Parliament. Assurances doled out in the floor of the Parliament were thrown to winds pertaining to the ownership of the Institution. In spite of various developments taking place with the Institution, burden of Bad loans is a worrisome factor even today.

2.         The performance of the IDBI in various parameters are furnished for the benefit of the workforce.             In Crores

SNO

HEADS

2018

2019

2020

2021

 2022.

1

Deposits

  247932

227372

222424

230898

233134

2  

Advances

171740

146790

 129842

128150

145772

3      

TOTAL BUSINESS

419672

 374162

352266

359048

378906

4.

CASA SHARE %

    37.15

    42.54

    47.74

   50.43

   56.77

5. 

Gross NPA

   55588

   50028

   47272

  36212

  34115

6.

NET NPA

   28665

   14837

     5439

    2519

    1856

7.

% Gross NPA

    27.95

    27.47

    27.53

   22.37

   19.14

8.      

% Net NPA

    16.69

    10.11

      4.19

     1.97

     1.27

9. 

operating Profit

     7909

     4052

     5112

    7035

    7495

10.

PROVISIONS

   16147

   19168

   17599

    5676

    5056

11.

Net Profit/Loss

-8238

-15116

  -12887

  +1359  

  +2439

12.

Investments

91606

    93073

   81780

 81023

82988

The workforce of 17430 serving in 1884 branches have contributed for the growth of the IDBI Institution. The ratio of officers:award staff is 90:10. The outsourced employees are substantial and are in the service of the bank for nearly 2 decades.

3.         The Central Government, by a cabinet decision, in a press meet in the month of May 2021, announced that the Government decided to strategically disinvest 94% stake held by the Government and LIC in IDBI Ltd. Our organization, immediately wrote to the Hon’ble President of India, to halt the move of disinvestment exercise equally appealed to recover the Bad loans through fast track mode. Besides this, as the creation of the Institution was through the enactment of law in the Parliament, it should be discussed in the temple of democracy before taking further steps.

4.         Government of India advised the LIC to withdraw their stake in one stroke against the terms of sanctions conveyed by IRDAI. The management control rests with LIC as at this time and they are the majority shareholder in IDBI Ltd. IDBI ltd is a Public Sector Undertaking, there are rights and privileges to benefit the workforce in many counts.

5.         The Government of India, thro’ DIPAM has invited expression of Interest from the interested bidders and the extended time ended on 7th Jan 2023. During this period, the prospective bidders have sought tax concessions, liberlised shareholding, and allowing 51% investment from foreign entities etc. SEBI considered the request of the Government a couple of days back thereby the number of bidders have also increased, as per the print media report.

6.         In the meanwhile as decided in the CC meeting in August 2022 held at RJS Bhavan, Mahabalipuram followed by its confirmation in the recently concluded 8th National Conference at Chandigarh our organization has sought the legal intervention and filed the case in the Hon’ble High Court Bombay. The case is expected to come up for hearing anytime in this month.

7.         The leadership of our organization along with other trade union organizations is sincerely striving hard to enhance the participation of the members to the best of their abilities. AIBOA representatives participated and extended their support for the Dharna organized at Mumbai on 9th December 2022 and also at Delhi on 4th Jan 2023.

We shall keep you posted with the developments in due course.

Yours comradely,

S.NAGARAJAN

GENERAL SECRETARY  


Circular No.3/VIII/2023

12.01.2023

TO

ALL UNITS/STATE COMMITTEES

Comrades,

AIBOA EXTENDS SUPPORT TO THE NAINITAL BANK UNITED FORUM
FOR THEIR TWO DAYS STRIKE ACTION
ON 20th and 21st JANUARY 2023.

We are happy to inform the units that the workforce in the Nainital Bank have formed NAINITAL BANK UNITED FORUM, comprising of our affiliate Nainital Bank Officers Association, Nainital Bank Staff Association (AIBEA) and Nainital Bank Officers’ Federation (INBOC) and met the Chief General Manager ( Subsidiary) Bank of Baroda  Central Office Mumbai on 28th December 2022 and submitted a memorandum to the Bank with their two demands ie; to maintain the status quo or to amalgamate/merge with the Parent Bank i.e; Bank of Baroda.

2.         The total workforce, as a preparatory exercise preceding to the two days strike, conducted a meeting on 8th January 2023 (SUNDAY) at Haldwani, Hon’ble Minister for State for Tourism Shri. Ajay Bhat attended the large gathering and assured to take with the concerned authorities in Government of India. He has already addressed a communication in the last week of December 2022 to Hon’ble Finance Minster of our Country, supporting the stand taken by the workforce in the Bank.

3.         Nainital Bank United Forum has already served the strike notice to the Bank as well as the labour authorities Government of India. On receipt of the notice for strike, Ministry of Labour Government of India, convened a conciliation meeting at Dehradun yesterday. The Labour authorities advised the management representatives to arrange for a meeting of Board of Directors on 17th Jan 2023 to interact with the representatives of Nainital Bank United Forum. Further he has adjourned the conciliatory talks to 18th Jan,2023.  In the meanwhile, the Labour Authorities at Bareilly (UP) has fixed for conciliation on 13th Jan 2023.

4.         Our Organisation has already taken up with the Controller of Banking System, that they should intervene in the matter and halt the exercise of the calling for the Expression of Interest. Further, the Committee on Petitions had observed about the take over of the Bank by the Parent Bank ie Bank Of Baroda.

5.         Our State Committees in the Five States ie; Uttarakhand, UP, Delhi, Haryana and Rajasthan are advised to co-ordinate with the workforce of NAITIAL BANK UNITED FORUM in their organizational actions culminating in two days strike on 20th and 21st January 2023.

With organizational Greetings,

Yours Comradely.

S.NAGARAJAN.

GENERAL SECRETARY


Circular No.1/VIII/2023
January 1, 2023

To:
ALL UNITS / STATE COMMITTEES

Dear Comrades

PRECAUTIONS HELP
MORE THAN THE PANIC.

While we enter the NEW YEAR 2023, the year 2022 experienced certain key events viz: Sky high inflation, tumbling down of the equity markets world over and broken relations between the countries due to the 300 plus days of continuing war triggered by the adamant Russian invasion of Ukraine. Hosts of other happenings too made the year What it was.

2.         Internationally respected personalities we lost were: longest reigning British Monarch Queen Elizabeth II died; Former Prime Minister of Japan Shinzo Abe was assassinated; the last leader of the Soviet Union Mikhail Gorbachev died. Football legend Pele died at 82 recently.

3.         The exit of Boris Johnson resigned as UK Prime Minister, triggering leadership battle within the Conservative Party. Liz Truss was elected the new Prime Minister of UK, who provided the leadership for the shortest period in the history of UK. Rishi Sunak, former Finance Minister in the Boris Johnson Cabinet succeeded Ms. Liz Truss.

4.         After a three months agitation in Sri Lanka due to fuel shortage, spiraling economy and Gotabaya Rajapakse fleeing the country, the economy crashed, thus resulting the anti -Government protestors storm the Presidential place. Unable to handle the crisis ridden situation, Ranil Wickremesinghe assumed the head of the Government as President. A constitutional crisis hits the Imran Khan Government in Pakistan and he was ousted from the office in a no confidence motion. Shahbaz Sharif was sworn in the new Premier.

5.         First time in 40 years of US economy, inflation hit a new high compelling the Federal Reserve to hike the rate of Interest. Consequently, the Wall Street faced the tremors in the stock markets. The reflections followed one by one. The European Central Bank hiked the interest rates for the first time in 11 years on inflation concerns, in turn euro dropped its value vis-à-vis US dollar, a 20 year low. Reports of insolvency of crypto exchange FTX induced volatility in markets; Bitcoin fell below $20,000.

6.         The shock experienced in the Globalized World our Nation was not an exception. The war unleashed by Russia, the Sensex fell 2702 points, Nifty plummeted 815 points and rupee slumped 113 paise in the intraday trading. The controller of the Banking System has revised the rates six times from May till yesterday commencing with 40 basis points culminating 225basis points. The rupee-dollar rate had breached Rs 82.00.

7.         Our Nation kickstarted the preventative exercise of vaccination program for children 15 to 18 years. The Hon’ble High Court of Karnataka ruled that wearing hijab is not part of practicing Islam. The steps initiated by educational institutions were in the right direction.

8.         Respected Madam Draupadi Murmu, a tribal leader was sworn in as the new President of India after the completion of his term of Shri Ramnath Govind.

9.         The Government of India stalled the export of Wheat in an effort to ensure ample domestic supplies amid fears of lower procurement. 5G spectrum auction concluded in our country and telecom companies committed to pay Rs1.5.lac crores to GOI. The G20 Presidency has been given to our Country and already couple of meetings are taken forward within a month.

10.       The country held the 44th Chess Olympiad at Mahabalipuram in Tamil Nadu. Our Country finished 4th position in Commonwealth Wealth Games securing 22 gold,16 silver and 23 bronze medals. The tennis star Novak Djokovic was not permitted to play the Australian Tennis due to his refusal to get vaccinated and deported from Australia. FIFA World Cup 2022 ended in Qatar and Argentina emerged the winner of FIFA Cup.

11.       This year the elections in Nigeria, Thailand, Turkey, Zimbhave, Argentina, Pakistan and Bangladesh are to take place. The international community is under serious threat of Poverty and insecurity of life. The Wuhan virus originated from CHINA, is taking the severe toll and the people are leaving the country. The uncertainty looms large on health count as it is assessed that 2 million people will be the causalities.

12.       2023 is assessed as a year of recession. Inflation, Energy prices, a new web world 3.0 driven by decentralization. Trustless, permission less metaverse dominating the new work places, Space travel to Moon for three days and new hybrid model for working are few of the expected developments.

TO Conclude:

When we have more
than we need
Let us build
a bigger table
and
not a Higher fence.

Yours Comradely,
/S.NAGARAJAN/
GENERAL SECRETARY

    --------------------------------------------------------------------------------------------------------------------------------------------------------------------
Circular No.1/VIII/2022

29th November, 2022

To

ALL UNITS / STATE COMMITTEES

Dear Comrades,

PROCEEDINGS OF THE 8TH NATIONAL CONFERENCE HELD AT CHANDIGARH

WELLBEGUN IS HALF DONE.

In terms of the notice dated 20th October’ 2022, officer comrades drawn from all over the country have assembled at Chandigarh, the beautiful city of India to participate in the 8th National Conference of our organization from 25th to 27th November’ 2022.

2. INAUGURAL SESSION

The inaugural session commenced with hoisting of our organizational flag jointly by Com. Alok Khare Vice Chairman and Com. A. N. Suresh, President at 4:45 PM in the presence of Com. Binoy Viswam, Hon’ble MP, Dr. Nazir Ahmad Ganai, Vice Chancellor of SKAUST University, Srinagar, Com. Amarjeet Kaur, General Secretary AITUC and Com. C.H. Venkatachalam, General Secretary, AIBEA along with the participants in the premises of Panjab University, Law Auditorium Chandigarh.

3. The conference hall was named after the selfless leaders Com. S.P. Bakshi Hall and Com. T.R. Verma Manch. The dignitaries had an impressive power point presentation of welcoming the guests by the Punjab & Haryana State Committee, the emotional speech delivered by Charlie Chaplin, whom we have seen as a comedian, and the path travelled by AIBOA founded by AIBEA by compulsion of circumstances after the emergency, conclusion of the 3rd Bipartite and implementation of the Pillai Committee recommendations in public sector banks w.e.f from 01st July’ 1979. 

4. Com. Charanjeev Joshi, the joint convener of the reception committee invited the dignitaries to occupy the dais. Com. S.K. Gautam, Chairman, Reception Committee, Joint Secretary, AIBEA, General Secretary, PBEF, Com. Alok Khare, Vice Chairman, AIBOA, Com. A.N. Suresh, President, AIBOA, the inaugurator of the conference Com. Binoy Viswam, Hon’ble MP, Chief Guest Dr. Nazir Ahmad Ganai, Vice Chancellor, SKAUST University, Com. Amarjeet Kaur, General Secretary, AITUC, Com. C.H. Venkatachalam, General Secretary, AIBEA and Com. S. Nagarajan, General Secretary, AIBOA.

5. The take-off of the conference was with the lighting of the lamp and paying floral tributes to the founding fathers of the AIBEA and AIBOA moment in the banking industry by the dignitaries. Com. S.K. Gautam, Chairman, Reception Committee presented a brilliant welcome address encompassing the dangers haunting the industry as well as the workforce. More specifically the thrust pertaining to the attempts to deny the status of representation to the TU’s and its elected representatives in various banks.

6. Inaugural Address:

Hon’ble MP Com. Binoy Viswam in his address ,clearly unfolded the new triangular arrangement of the new religion called viz individual greed escalated by the market forces to earn profit, more  The banks are dole  out  lot of concessions to the defaulters through the NCLT procedure nick named by the RBI as haircuts but really it is amounting to head cuts. Today, the corporate defaulters instead of paying in full sum the money borrowed from the banks. they are attempting to negotiate with the bankers across the table. The velvet method of treatment extended to the corporate defaulters are absolutely irregular and unjust. In the present-day Government, the census data collected by NSSO are absolutely silent and the democracy is redefined. Struggle for the truth and retention of public sector banks are becoming absolutely necessary. The crop insurance claims accounted as disbursed to the agriculturist was Rs 1,26,00,000 Crores. Actually, farmers were in receipt to the tune of 83,00,000 Crores. The difference of Rs 43,00,000 Crores, where it has disappeared is really a puzzle. While he concluded his address, appreciated the presentation of the GS