ALL INDIA BANK EMPLOYEES'
164, Linghi Chetty Street, Chennai-600 001
ALL INDIA BANK OFFICERS' ASSOCIATION
14, 2nd Line Beach, Chennai-600 001
CIRCULAR TO ALL UNITS
16TH June, 2016
12th July, 2016 – All India Strike in 5 Associate
13th July, 2016 – All India Strike in ALL BANKS
All our units and members are aware of the increasing attacks
being heaped on the public sector banks and the challenges faced
by the PSBs.
In the name of banking sector reforms, the attempt is to
privatise the Banks and hand them over to the private corporates
to enable them to further loot the precious savings of the
The attempt is to consolidate the Banks to make them bigger with
a view to globalize them instead of expanding the Banks and
reach the common people within our country.
Already our Banks are bleeding due to alarming increase in bad
loans, thanks to the deliberate default by the corporates and
big business enterprises. Instead of taking tough measures to
book the culprits and recover the loans, efforts are taken to
hand over the banks to very same defaulters.
It is very clear that all their talks of banking reforms and
proposals of merger and consolidation are only a ploy and
gameplan to divert the attention of the people from the massive
bad loans in the Banks.
Our country needs strong public sector banks and not necessarily
big banks or global-sized banks. Our country needs banking
expansion and not consolidation of banks and shrinkage of
banking services to people.
The focus should be the alarming increase in bad loans to the
tune of about R. 13 lac crores. The efforts should be to recover
the money by taking stringent measures and not hush it up
through provisions, write-offs, CDRs and SDRs.
If the loans have been sanctioned wrongly, action should be
taken on the concerned Executives. If the borrower has cheated
the Banks, criminal action should be taken against the
Providing for the bad loans, clean-up of Balance Sheet and
making the Banks to incur the losses is not the solution to the
problem. It is obvious, all these are only diversionary tactics
to escape from the accountability for the huge bad loans.
Kingfisher Mallya is only the tip of the iceberg. There are
many more sharks in the ocean of bad loans in the Banks. Why
the list of defaulters is not being published by them? Why
criminal action is not taken on the willful corporate
defaulters? Why all velvet treatment to them? Why the attempt
to convert the bad loans as equity investment in these defaulter
companies? Is it the corporate governance and good governance
policy of the Government ?
In IDBI Bank, 10 years ago, about Rs.9000 crores of bad loans
were taken out of their books. Now another Rs. 19,000 crores is
the bad loan. Instead taking action to recover these bad loans,
the Government wants to privatise and sell the Bank to the very
same private sector which is responsible for these huge loan
default in IDBI Bank.
AIBEA and AIBOA have decided to plunge into immediate action to
oppose attempts to denigrate Public Sector Banks and protest
against proposed merger and consolidation of Banks with a view
to divert the people’s attention from the Himalayan bad loans in
Demonstrations in all
centres all over the country
Dharna in all State Capitals
All India Strike in the 5
All India Strike in all the
Comrades, while we are proud that we fought and achieved
nationalisation of Banks, it is equally our duty to fight
against the attacks on public sector banks. People’s money
cannot be allowed to be looted like this. Public Sector Banks
should be saved. They are nation building institutions. They
must remain so.
It is time to move, time to fight. We exhort all our units and
members to carry out the programme successfully and make the
strikes a total success.
S. NAGARAJAN C.H.
GENERAL SECRETARY GENERAL SECRETARY
May 25, 2016
ALL UNITS / STATE COMMITTEES
FAST FORWARD MOVEMENTS ARE TO BE STONEWALLED
CIRCUMSTANCES ARE CRITICAL HENCE THE ACTIONS TOO.
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.
REPULSE BACK WITH UNITED STRENGTH
TO PUSH BACK THE MERGERS OF BANKS AND PRIVATISATION OF IDBI
SAVE THE NATIONAL ECONOMY AND SAVE THE JOBS.
ALL INDIA BANK EMPLOYEES' ASSOCIATION
[Centra Office: CHENNAI]
ALL INDIA BANK OFFICERS' ASSOCIATION
[Central Office: CHENNAI]
25th may, 2016
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
All constituents of UFBU
May 10, 2016
ALL UNITS / STATE COMMITTEES
LAND OF AHIMSA HOSTS THE SIXTH CENTRAL COMMITTEE MEETING
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 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
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.
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.
CONFIRMATION OF THE
Deputy General Secretary read out the minutes of the 5th
CC meeting which was adopted by the house unanimously.
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
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
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
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
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
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:
 Demanding Branch expansion on “brick and mortar” basis to
house one Bank branch for the population of 2500  Enact
effective recovery laws to recover money from the loan
defaulters  Opposing consolidation of banks and  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. 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
8. After detailed
deliberations, the following were the unanimous decisions
arrived at in the meeting.
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.
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
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
The President and General Secretaries meet of
the affiliated Units will be held in the month of
The financial obligations [ie] Levy,
Subscriptions, Directors Fee contribution [50%] and
remittances are to be completed within a month time.
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.
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.
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.
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.
To provide for the superannuation benefits to our AIBOA Office
Staffs who are with us for more than 20-25 years.
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
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
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
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.
May 8, 2016
ALL UNITS / STATE COMMITTEES.
REG: ALL INDIA IDBI OFFICERS ASSOCIATION - DEVELOPMENTS.
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
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”.
UNITS / STATE COMMITTEES
FOUNDATION DAY OF AIBEA
FROM ITS SIBLING - AIBOA
“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
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 the “Green
and “white revolution” as
parts of the history of our dear Nation.
The five magic letters did play an effective role in
identifying the author of “36AD”
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.
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
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.
political struggle is an economic struggle and
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
has been made, an advance of immense dimensions, this has to be
furthered by the democratic movement of our Country in the days to
ALL INDIA BANK OFFICERS’ ASSOCIATION
(Central Office : Chennai)
ALL INDIA BANK EMPLOYEES' ASSOCIATION
(Central Office : Chennai)
LETTER TO ALL UNITS
8TH April, 2016
Our units are aware that
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.
meantime we request all our unions to address similar letters to
the MD/CEO of IDBI Bank
with copy to us.
The Managing Director and Chief Executive Officer
Office , Mumbai E mail: firstname.lastname@example.org
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
We convey our strong protests on
these unwarranted and vindictive suspensions and transfers which
are meant to terrorise and victimize the
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.
|Sd.. S. NAGARAJAN
| GENERAL SECRETARY
UNITS / STATE COMMITTEES
SMALL STEP BY IDBI WORKFORCE
OF THE STRUGGLE
THE FINANCIAL SECTOR
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”.
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%
the various developments into consideration within the Industry
“United Forum of IDBI Officers and
Employees” met at Mumbai on 12thMarch
MSBEF Office decided unanimously to launch programme of actions.
Demonstrations at IDBI Tower
to Hon’ble Finance Minister and Hon’ble members of
Demonstration at all major offices of IDBI Bank
strike by officers and workmen staff of IDBI
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
priorities are : IDBI
– as Public Sector Institution – Job and Job security and wage
revision without any breakup.
first and small step by IDBI in defence of Public Sector is
appreciated in full measure, hopefully triggering agitations in
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
UNITS / STATE COMMITTEES
ON THE PUBLIC SECTOR BANKING SYSTEM
DILUTION OF GOVERNMENT EQUITY IN IDBI
US UNITE AND FIGHT
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
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%”.
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,
performing Bank which
was taking care of the welfare of MP state was merged with SBI, in
spite of strong resistance movement by AIBOA
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.
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.
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.
per the Certificate of Incorporation dated 27.09.2004, the
memorandum of Association of IDBI Ltd., it has been categorically
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.”
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
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.
READY FOR THE PROLONGED AND SUSTAINED STRUGGLES
are in the process of getting in touch with UFBU for an
appropriate action packed programmes
UNITS / STATE COMMITTEES
IN THE MIRROR
ARE NEVER BENEVOLENT TO WORKFORCE
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
to have freedom to negotiate to create a better mix between
compensation and Performance; Boards to decide on
wage and compensation structure in relation to capacity to pay,
profitability, productivity etc and within the
guidelines.Banks to consider variable Pay as major component of
wages facilitating the discretion to go in
Cost to company CTC concept”.
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
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:
from industry level to Bank level settlement agenda to
settlement is reaching its finality and will be in force
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
to improve operational efficiency to significantly
increase P/B through
credit risk management capabilities
to bottom line based targets
technology to reduce opex and improve productivity
capital light operating models
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.
are advised to deliberate the initiatives at the Board
level committees and formulate Board approved policies
for effective execution.
re orientation of small PSUs.
appropriately for risk across all products / segments
Banks should deliberate at the Board level and
recommended to DFS.
based pricing has been introduced.
and will be further fine tuned
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.
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.
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 ?
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.
UNITS / STATE COMMITTEES
OF THE UNION CONQUERS ALL
RETAINED AS A PUBLIC SECTOR ENTITY
RETRACES ITS STEP
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.
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
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
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
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.
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.
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.
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%.
Salutes to IDBI officers and workmen for their steadfast approach
in protecting the Public Sector character of the IDBI, in their
Nation building exercise.
January 13, 2016
- 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
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
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
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
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
THOSE WHO HAVE FORGOTTEN THE PAST SHALL
BE CONDEMNED TO REPEAT IT -
ALL UNITS / STATE COMMITTEES
THE LAST LEAF IN THE FIRST GENERATION OF COMMUNIST LEADERS
BREATHED HIS LAST TONIGHT AT 20.30 HRS AT DELHI
AIBOA HAS LOST ONE OF THE BEST FRIEND, PHILOSOPHER AND GUIDE IN
COM.A.B.BARDHAN….RED SALUTES RED SALUTES
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
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
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
RED SALUTES RED SALTUES
Yours in grief