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


Circular No.11/VI/2016

May 25, 2016











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


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


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


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








Yours comradely,




[Centra Office: CHENNAI]



[Central Office: CHENNAI] 

25th may, 2016



UFBU, Hyderabad


Dear Comrade,


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


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


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


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


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


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


With greetings,

Yours comradely,  









Copy to: All constituents of UFBU

Circular No.9/VI/2016

May 10, 2016







Dear comrades,




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

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


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

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


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

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

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

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


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


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


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


The demands are:

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

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

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

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

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

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

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

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

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

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

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

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

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

The Committee approved the following proposals:


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

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

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


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

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

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


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


Yours comradely,




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


Dear Comrades,


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

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

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

The gist of details are;

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

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

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

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

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

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

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

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

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

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

Yours comradely,


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





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

Plight of bank worker in 1940s

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

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

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

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

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

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

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

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

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

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

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

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

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

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



Yours comradely,

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

CIRCULAR LETTER TO ALL UNITS                                                                                                8TH April, 2016

Dear Comrades,

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

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

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

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

With greetings,

Yours comradely, 

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


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

Dear Sir,

Reg: Revocation of suspensions and cancellation of transfers

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

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

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

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

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

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

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

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

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

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

Thanking you,                        

                                                                  Yours faithfully,  



Circular No.4/VI/2016

March 16, 2016





Dear comrades,






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


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


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



Gate Demonstrations at IDBI Tower


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


Press meet


Gate Demonstration at  all major offices of IDBI Bank


Postering campaign


Nationwide strike by officers and workmen staff of IDBI


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


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


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


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


Yours comradely,




Circular No.3/VI/2016

March 8, 2016







Dear Comrades,






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

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


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


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


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


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


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


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


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






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


Yours comradely,




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



   Dear comrades,


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

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

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

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




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

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

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

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

-improve credit risk management capabilities

-shift to bottom line based targets

-leverage technology to reduce opex and improve productivity

-Develop capital light operating models

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


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

Rapid re orientation of small PSUs.

-          Re orient portfolio

-          Restructure or consolidate

-          Price appropriately for risk across all products / segments

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

Risk based pricing has been introduced.





Implemented and will be further fine tuned

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

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

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

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

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


   Dear comrades,

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

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

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

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

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

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

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

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

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

   Yours comradely,  


Circular No 2/VI/2016 
January 13, 2016 

Dear Comrades

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

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

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

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

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

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

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

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

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

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

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

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


Yours comradely,


Dear comrades,




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

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

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

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

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

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

Yours in grief

Circular letter No. 15/VI/2015
December 28, 2015 


Dear comrades,


State Sector Bank Employees’ Association [SSBEA] had observed a strike call on 04.06.2015 in five associate Banks [ie] State Bank of Hyderabad, State Bank of Bikaner and Jaipur, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore against the SBI management’s attitude in handling the IR issues hurting the time tested approach of redressal grievance mechanism.

Having experienced the rigid approach of SBI management, the second strike for 2 days was announced on 1st and 2nd December 2015 and the workmen workforce in Public Sector Banks have decided to extend support through solidarity strike on 02.12.2015. Representatives of Labour Ministry advised both parties in the conciliation meeting held at Delhi to resolve the issues through mutual discussions and resultantly the two days strike was deferred. SSBEA had a round of discussion with SBI management on 03.12.2015. The management maintained their stand in the negotiation.

SBI management disregarded the bipartite negotiation and also the sensitive issues involved. The end result of their action is the announcement of strike action on 08.01.2016 by AIBEA men and women throughout the country.

AIBOA, known for its stand right from inception, calls upon the officers not to do any clerical work in all the offices and make the solidarity strike on 08.01.2016 a resounding one.

Altering the working conditions is unjust 
Rights cannot be bartered away 
Bipartite can not be bypassed.

AIBOA extends total solidarity to the entire workforce in Public Sector Banks in realising the demands.

Yours comradely, 

Circular Letter No.14/VI/2015
December 18, 2015





AIBOA, our organization is known for its distinct character in identifying with the sufferings of the common people at large. In tune with the demands of the time, ours is the only organization which has established a Trust for the Unorganised workforce in the Country.

The entire people of Tamilnadu are yet to come to terms from the nature’s fury that affected the State in two spells in the last week of November and the first of week of December 2015. Central Government has declared that the damages suffered by the State as Natural Calamity and two doses of relief of Rs 940 crores plus Rs 1000 crores have been released to reconstruct the state against a demand of the State Government of Rs.20000 crores from the Central Government.

Our organization, AIBOA (Tamilnadu State Committee) and Canara Bank Officers’ Union have jointly undertaken the job of handing over the relief materials to the flood affected villages in Cuddalore district. AIBOA team consisting of Com.V.Ramabhadran, Com.D.S.Ganesan, besides the Undersigned, AIBOA(TNSC) team headed by Com.M.A.Srinivasan, Com.Sampathkumar, Regional Secretary, Southern Region, United Bank of India Officers Association, Canara Bank Officers’ Union, led by Com.P.R.Rajagopal, President, Com.C.Ramesh, Secretary, Com.S.Muthukrishnan,Treasurer, Com.R.Balasubramanian, CC Member and Associate members of CBOU, Com.N.Venkataraman and Com.V.Krishnan participated.

The logistics plan were properly drawn by Com.P.M.J. Elangovan Former Officer bearer of CBEU-TN, Com.Sampath, Senior Manager Canara Bank, Cuddalore, Com.Ramalingam (Karaikadu), Com.Elangovan (Palur), Com.V.Globe, Com.Vadivelu (AITUC),Com.Manivasagam, District Secretary, CPI for reaching the relief materials directly to the victims of the nature’s fury.

The victims living in the Villages benefited from our contributions are; Ramanathakuppam, Nochikadu, Palvathunan, Villianallur, Manikollai andAlamelumangapuram. Besides a school run for mentally retarded people EZHUCHI was also provided with 80 relief materials. In all 920 bed sheets and 920 plastic mats were given to people living in the villages based on the Ration Cards possessed by them through the Panchayat union representatives. In all the villages all the representatives wholeheartedly participated in the meaningful exercise.

There is a need to place on record the help extended by the Police authorities from Puduchatiram Police Station, who accompanied us in our visits to the villages to see that the distribution is orderly and without any problems. The best delivery system initiated and planned by Com.S.Muthurkishnan was executed by Com.P.M.J.Elangovan and by Mr.Deva, a volunteer from the office of DSP, Cuddalore were noteworthy and beneficiaries of the relief materials returned with a smile all along.

At the end, there was a small and befitting function to honour the comrades who volunteered to complete the task in the Bank Premises wherein the relief material to EZHUCHI was delivered.

Comrades, Com.S.Murugesan Office Secretary, Com.M.Balasubramaniam, Secretary AICBRF, Com.T.Balakrishnan CBRF, Chennai are directly responsible to procure the materials of genuine and good quality from Erode. Our profound thanks are abundantly due to them.

AIBOA is in the process of wiping out the tears from the flood ravaged victims, a theme dear to Com.RJS the visionary leader.

Yours comradely, 

Circular Letter NO.13/VI/2015
December 15, 2015




Uninterrupted rain during the first week of December 2015, unprecedented one in this century made the common people of Tamilnadu to suffer a lot. The flash flood added tremendous pressure to the entire community. If we state, the people of Tamilnadu were thrown to winds, it is certainly nothing but a reality.

2. The loss of life reported by the print media is around 400 so far and the State Government has sought a financial help of around Rs.10,000 crores from the centre. Loss suffered by the individuals is too heavy.

At this hour of national calamity and human suffering, our hearts go to victims of the disaster. As the mark of sharing the sufferings of the people of Tamilnadu, we appeal to the Units and State Committees to remit funds generously to the following account through RTGS or by cheque.

“United Bank of India, Nungambakkam Branch – Name: AIBOA Account No. 11960 1010 0823 – IFSC code: UTBI0NUN826”

3. We shall be extending help to the people residing in the villages of Cuddalore District within a couple of days.

Please contribute generously.

Yours comradely, 


Circular Letter No.12/VI/2015
November 25, 2015


Dear comrades,


Our Organisation has extended solidarity to the struggles launched by State Sector Bank Employees’ Association [SSBEA] culminating in two days strike call on December 1 and 2, 2015, backed up by a strike on 02.12.2015 by workmen employees of other Banks – AIBEA to realise the following demands.

1. 1.Delinking Associate Banks from SBI.
2. 2.Denial of right to represent, in terms of Indian Trade Unions Act 1926
3. 3.Non implementation of Government guidelines on compassionate grounds appointments effective from 05.08.2014.
4. 4.Increase in staff Housing loan quantum and introduction of retrograde career progression policy endangering important issue of jobs and job security.

We have directed our State Committees to coordinate at 5 centres, where the Associate Banks are having the Headquarters to participate in the programmes of actions and on 2nd December 2015, when workmen belonging to AIBEA observe the strike, our members will not discharge clerical jobs in the Branches.

We have information provided by President AIBEA, of which the contents are:

“ in today’s conciliation meeting, management agreed to keep the CPS option letters in abeyance and not to issue further option letters and hold Bipartite meeting on 3rd December with SSBEA. Hence all programmes including strike is temporarily deferred….”

There is a respite to the situation. Opening the doors of negotiation is a welcome sign. Right to represent is a fundamental right of the Trade Union. The right has to be secured by SSBEA, as the struggle was fully backed by ½ million workforce under the banner of AIBEA / AIBOA

AIBOA, while extending its greetings to SSBEA and AIBEA for breaking the impasse, awaits for the successful outcome of the negotiations hoping that fundamental Trade Union right of representation to be secured by SSBEA.


With greetings

Yours comradely, 

November 19, 2015

The Chairman,
Indian Banks’ Association,



We draw your kind attention to the 7th Joint Note signed by Four Officers’ Organizations with IBA on 25th may 2015 at Mumbai.

2) In terms of Clause 10 of the Joint Note, the details of reimbursement of hospitalization expenses has been listed out in the annexure IV of the Joint Note.

3) In terms of Clause 5.10 of the appendix I of the 7th Joint Note, there would be a continuity of this scheme / benefits to the retiring officers/ employees and their family and also to the retired officers/ employees and their family.

4) It is hereby reliably learnt that United India Insurance, the service provider has informed the member banks directly that some of the facilities like corporate Buffer, Maternity expenses, Critical Illness cover, Domiciliary expenses, dependents not covered, are not available to the retired employees.

5) Unilateral action by the service provider after the commencement of the Insurance cover w.e.f 1.11.2015 is unacceptable to our Organization.

6) This issue of Insurance backed Hospitalization scheme was piloted by the management during Negotiation and ultimately the issue has been achieved as a part of the 7th Joint Note exercise.

7) Further, in the record note of the discussions between IBA with UFBU on the issues and to the demands relating to the retirees of the Banks held on 25.05.2015, categorically states that, ……benefits of the coverage of this scheme would be extended to retirees also subject to the conditions that the cost of the Insurance premium under the scheme would be payable to retirees”.

8) As there is departure in the understanding arrived at between 4 officers organizations and IBA unilaterally by the service provider independently, Our Organization urges upon the IBA to convene a meeting of all negotiating Unions, on an urgent basis to avoid the avoidable conflicts in the present wage revision exercise concluded in May 2015.

We expect your immediate response to resolve an artificial issue created by the service provider.

Yours faithfully,