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Circular No.14/VI/2014

November 12, 2014 











One million workforce, men and women, juniors and seniors, messengers to Managers have collectively adhered to the call of one day All India Stay out strike in the Banks throughout the country. The participation of the total workforce confirm the bent up anger against the Negotiating Agency and also the owners for denying a reasonable, respectable wage hike commensurate with the external environments and also developments. The reports are pouring in pertaining to the participation in overwhelming numbers in almost all places. This inevitable exercise had happened due to adamant attitude exhibited consistently right from March 2014 till two days back at Delhi by the IBA.


The industry earned increased gross profit year after year and the demand of the workforce is to share reasonable quantum from the same as the wheels of progress of the nation through the Banking activities have been maintained in a  proper way. We are the Wealth Managers of the Indian Financial System. The burden of bad loans due to the failure to adhere to the repayment schedules by the corporate borrowers coupled with wilful defaulters cause considerable worry to the controller of the Banking System. Denying a reasonable increase in wages to the entire workforce under the specious plea of Bad Loans and Capital requirement under Basel III are nothing but an evasive exercise.


Indian Banking System stood the test of the times, when the entire globe was under severe strain in Oct, 2008. Rather Public Sector Banking was quoted as Role model for rest of the World. Unrestricted working hours for officers synchronized with risk, responsibility, accountability and also transferability are not weighed in the real sense. With all these, still we have added the gross profits substantially. The interim dividend paid to the Government was Rs.6757 crores for the year ended 31.3.2014. Workforce is considered to be partners in progress. Hence denial and also delaying a substantial wage hike is certainly unacceptable.


WELL BEGUN IS HALF DONE, the saying goes. To-day Strike is a prelude to the Relay Zonal Strikes from 2nd to 5th December 2014. Make all out preparations to adhere to the directions of the unions. We also extend our heartfelt thanks to the first and pioneer trade union of Pre Independent India - AITUC for the solidarity extended, members of AIBRF and the workforce of RBI federations equally deserve appreciation from striking workers.


Once again Hats Off to You All, You Have made it to happen, Red Salutes to one and all.




Yours Comradely,



Circular No,13/VI/2014

November 10, 2014                                                                            






Dear Comrades,







As suggested in the earlier meeting held by CLC(C) at New Delhi on 5.11.2014, IBA convened a meeting of the eleven negotiating unions at Delhi to-day at 12.00pm at the Indian Bank Zonal Office, Delhi. During the meeting , IBA negotiating team led by Shri.Rajeev Rishi, Chairman repeatedly reiterated the constraints of the Banking System as the main stumbling block in not improving the present offer of IBA from 11% coupled with no climbing down from the demand of 25% by UFBU.


After careful consideration of various emerging situations, it was expressed that the revised offer of UFBU would be 23%, for which, IBA did not favourably reciprocate rather in this 14th round, the rigidity is more demonstrative, signaling that the unions are to take the inevitable decision to implement the collective call of All India Strike through out the country


Followed by the IBA meeting, CLC(C), held the conciliation proceedings at his office at 15.00 hrs. Unions presented their viewpoints in a cogent manner in an exclusive hearing offered by the CLC(C) for a upward wage revision to the entire working people in the Banking system. After this exercise, IBA team had also the meeting separately with CLC(C).


At the end, CLC(C), reiterated his advice, as done by him in the earlier round too, to defer the strike.


The rigid stand of the IBA continuously in the rounds of discussions right from MARCH2014 till to-day, forced the entire workforce of the Banking system to observe an ALL INDIA STAY OUT STRIKE on 12.11.2014. The inevitable has to happen because of IBA .Hence get into action to make the strike on 12th November 2014 a resounding success.


Onward march to strike,


Yours comradely,








Circular Letter No. 20/VI/2014

November 5, 2014









In the conciliation proceedings held at New Delhi to day, our organisation was represented by the undersigned along with Com.S.S.Shishodia, President, Com.T.R.Verma Secretary and Com.Sanjay Khan Joint Secretary. Shri.P.P.Mitra, CLC, was in the Chair.


As the IBA representatives were more particular for a postponement of the Strike of 12th NOV 2014, without any concrete and improved offer, the Presiding officer of the conciliation Meeting was indicative in his approach to both the sides.


Hence, AIBOA calls upon the members to prepare for the Strike on 12th NOVEMBER 2014 with required seriousness.


With greetings,


Yours Comradely,




UFBU CIRCULAR No. UFBU/2014/33       DATED 05.11.2014


·          Conciliation meeting held by CLC today – No improvement in IBA’s offer –

CLC calls for further meeting on 10th instant – UFBU decides to go ahead with the strike


Further to the Strike notice served on the IBA by the UFBU, conciliation meeting was held today in New Delhi by Mr. P.P. Mitra Chief Labour Commissioner, Ministry of Labour, Government of India.  IBA was represented by Mr. M.V. Tanksale, Chief Executive, Mr. Unnikrishnan, Dy. Chief Executive and other officials.  UFBU was represented by all the constituent unions.


During the conciliation proceedings, the IBA contended that due to the reducing profitability of the Banks, they are unable to accept the demands of the UFBU and stated that for the sake of an amicable settlement, they would be willing to consider improving their present offer provided UFBU agrees to substantially reduce the demands.  IBA also suggested that UFBU should defer the strike so that the negotiations may be further continued.


On behalf of the UFBU, we explained the reasonability and justification of our demands and stated that the IBA’s offer falls too short of our expectations and hence not at all acceptable.  We further stated that looking to the runaway inflation as well as the increasing stress and workload under which bank employees and officers are working now-a-days, we deserve adequate wage revision.  We also said that besides improvement in emoluments and service conditions, other demands like 5 day banking, regulated working hours for officers, improvement in pension scheme, extending the old pension scheme to the newly recruited employees, etc. are also needed to be resolved but the IBA is not forthcoming on these issues.


IBA informed that they are willing to continue the negotiations further and appealed to the UFBU to defer the strike to facilitate a better atmosphere.  UFBU informed that the strike call has been forced on the Unions due to the unhelpful approach and unacceptable offer of the IBA and reiterated its preparedness for further negotiations provided IBA would come forward with substantial improvement in their offer.


After hearing both sides, the Chief Labour Commissioner suggested that both IBA and the UFBU should take steps to reconcile the differences and reach an amicable settlement.  He further advised the IBA to talk to the UFBU to find out how the strike could be averted.  He also adjourned the conciliation proceedings to 3-00 PM on 10th November, 2014 for further discussions.


Thus, our demands remained unresolved and UFBU decided to go ahead with the strike.  Hence, we call upon all our constituent unions and members to march on to 12th November 2014 strike without any let up.

                                                                                                    /sd./ M.V.MURALI     





November 3, 2014




Hon’ble Prime Minister

Government of India








All India Bank Officers’ Association [AIBOA] the second largest organisation of Bank Officers working in Public, Private, Co-operative and Regional Rural Banks wish to place on record the following facts for your active consideration pertaining to the neck break speed of Financial Inclusion exercise.


2.         The first and foremost trade union of Bankmen AIBEA, founded on 20th April 1946, on the banks of river Hooghly, Kolkata resolved to achieve the Nationalisation of banks for the growth and progress of the Nation on the foundation day itself.  The path pursued and traded to achieve the Nationalisation of Banks first on 19th July 1969 and subsequently the second on 15th April 1980, thus taking the total number of Public Sector Banks to “27” when the population of the Nation was 30 crores.


3.         The foresightedness of the first trade union of Bankmen, AIBEA, reiterated its concern to reach out to the rural masses by branch expansion as well as through Differential Rate of Interest scheme [DRI] @ 4% interest rate and subsequently, through Integrated Rural Development Programme [IRDP] by the then Government at the Centre.  The growth achieved by the vision of the founding fathers of the great movement of Bankmen is appended hereunder.







Bank Branches


1,08,000  [including RRBs]


Rural / Semi Urban Branches





Rs.4646 crores

Rs.80 lacs crores



Rs.3599 crores

Rs.62 lacs crores


Number of customers


60 crores


Loans to Agriculture

Rs.162 crores

Rs.6,90,00 crores


Total Staff




Average Population per branch




4.         Our Hon’ble President of India, during his tenure as Finance Minister mentioned in his Budget speech that a branch should cater to a population of “2500”.  Our Nation has 6,00,000 villages.  Each village should have a “Brick mortar” bank branches to cater to the needs of the customer.


5.         The present scheme launched by the Govt. of India in two phases commencing from 15.08.2014 to 26.01.2015 is attempting to bring in 7.5 crores of household into the “Banking web” with the following facilities to be provided by the bank.


            [i]         An overdraft of Rs.5000/- to the account holder

            [ii]        Accident cover of Rs.1,00,000/=

            [iii]       Life cover of Rs.30,000/=

            [iv]       Issuance of Rupay cards to the account holders.


6.         It is once again matter of record, that first and foremost trade union organisation of Banking workforce launching the programme of “Banking should be made as a fundamental right” synchronising with their National conference held in February 2013 at Ernakulam speaks volumes about their practical assessment well ahead of the owners of the Public Sector Banking.  In a year long campaign unleashed in the State of Kerala, all important personalities and functionaries have been involved to popularise the demand of the organisation by conducting block level camps nearing 1,000.


7.         Having espoused the cause of the Indian Citizen in all forms [i] Nationalisation of Banks in two phases [ii] Loan disbursement - DRI scheme and IRDP scheme [iii] “Loan melas” during the period of Shri Janardhana Poojary the former Finance Minister of the then governance and [iv] also writing off of Agricultural loans of Rs.71,000 crores from budget during the earlier Government compels our organisation to place before the following relevant points for consideration.  Banking workforce have put in their work to achieve a mark of 5 crore accounts and an amount of Rs.5000 crores have been collected in these accounts.




[a]     The mobilisation of accounts has to be achieved through existing permanent workforce as well as Business correspondents numbering 1.4 lacs working for Public Sector Banks and Regional Rural Banks.  An additional number of 60000, Business correspondents are to be recruited to meet out the pressures.


[b]     In a recent survey carried out by an Institution of National repute, came to the conclusion that around 45% of the Business correspondents are not traceable.  The main reason would be they are poorly paid and the job security is totally absent.  The reason is “dependability” and “Trust factor” with a “B.C.” is also not high.


[c]      It is impossible to reach millions of truly excluded people so quickly.  It is relatively learnt that many people who have been brought under this exercise of “Financial inclusion” are already having accounts with the Banks.


[d]     When the physical form of infrastructure is required for doing the financial inclusion exercise through “Banking”, there is also a loud announcement of Bank mergers / consolidation from the persons holding public offices in the Government.


[e]     The experience gained during this period of the Business correspondents [BC], definitely compels us to demand for substantial recruitment of workforce to handle the massive work with precision.  This demand gains weightage due to massive retirement within another couple of years in the Industry.  An alternative to cope up with the situation is to regularise all the Business correspondents in the permanent pay rolls of the Banks.


[f]      The branches are to adhere to know your customers [KYC] norms strictly failing which future of the operation related to these facilities may be affecting the career progression of the officers on a later date.


[g]     The workforce has been regularly directed to carryout this exercise of financial inclusion on every Saturdays from 8.00 am to 8.00 pm [ie] 12 hours, which defies the logic where 5 days week is practised by the Government of India and 8 hours of work is the international norm.




Governor, RBI is strongly advocating against giving subprime loans.  The guarantee fund to backstop overdrafts has only Rs.1000 crore, which is a drop in the ocean


In the event of non payment of the overdraft of Rs.5000/= [ the cumulative figure of Rs.37,750/= crores] will the Banks are permitted to deduct from their savings and future cash transfers?  Will Banks be permitted levy hefty penal charges a closing defaulting accounts?  What will this mean for financial inclusion?




1.    Serious financial inclusion requires sustained efforts for considerable time span with an emphasis on quality rather than speed target practice.

2.    Cell phone Banking is the ideal technology provided broadband extension to every village is required.

3.    The Aadhaar exercise need to be completed quickly.

4.    The massive dormant accounts needs to be also revived or brought back to live / operative one.




We seriously, apprehend the essence of the scheme itself is at stake as the new scheme has all the characteristics of those bad loan melas of the past decades.


Our organisation stands for “protecting the Public Sector Banking” as the “PSBs” had stood the test of time in 2008, when the entire globe was looking at India, for its overbearing capacity to stand alone with all precautions to halt the attack of global virus on account of subprime crisis.


With regards,


Yours sincerely






cc to:

Hon’ble Finance Minister, Government of India, New Delhi []

The Secretary, PMJDY Administration, Government of India, New Delhi[]


Circular No.12:VI:2014

October 8, 2014












The life line of the Indian Economy is measured by the Banking activities and we are the fulcrum of all developmental activities of our dear Nation.  Today the entire workforce, nicknamed “wealth managers” handle a total business of Rs.142 lacs crores, with an investment of Rs.23 lacs crores.  We have a total workforce of 7.75 lacs discharging the Nation building exercise through branch banking model.  The total branch network is over 1,00,000 including Regional Rural Banks branches,


2.         As we stand, willy-nilly, in the midst of the integrated global system, information, communication and technology[ICT] play dominant role in the new emerging working environment in the branches.  We have adjusted from the original focussed emphasis of “exclusive banking’ to “we also do banking”.  The alternative delivery channels Automated Teller Machine[ATMS], Internet Banking [INB], Mobile Banking Services [MBS] and Point of sale [POS] to provide fast, convenient and easy Banking services such as cash withdrawal, online transfer of funds and e commerce to the customers.


3.         As on date, “the workplace has become the single greatest source of stress” as per the study carried out by an International Institute.  Long term loyalty and corporate community feelings have been eroded by a competitive performance culture that expects more and more from the officer employees threatening the job security.  We are probably under an impression that technology would eliminate most household chores and provide the workforce with much more time to enjoy leisure activities, but what turned out is more hectic, impersonal and mechanical work atmosphere leading to more burnout situations.


4.         As the Bankers have the habit and tendencies to compare the global standards, why should they not consider the following details and arrive at reasonable and workable alternatives, to secure the future of the youth in the Banking system.









35 hours per week




40 hours per week

Monday to Friday



45 hours per week

5-1/2 days



40 hours[8 hours x 5 days]

Monday to Friday



40 hours [8 hrs x 5 days]

Monday to Friday



37 hours




40 hours




40 hours




40 hours








35 to 40 hours








40 hours




35 to 40 hours




40 hours



Today the average hours worked in the USA is around 33 hours.  The lowest average weekly work hours are the Netherlands with 27 hours, and France with 30 hours.  At the current rates the Netherlands is set to become the first country to achieve an average work under 20 hours.


5.         Cry for 8 hours work started from 1886 onwards The accepted concept of labour – 8 hours for work, 8 hours for rest, and 8 hours for family and society.  It was the Chicago worker, who demanded the defined working hours in May 1886, which even today continue to elude in the Banking Industry to the entire workforce?


The paradox of present working environment is “More the technology leading to more work load through over stretched working hours for officers.  Bank officers are human beings and a happy and peaceful stay /spending with family is a distant dream, since they are pressed into service even on Sundays and Holidays.


The demand for Regulated working hours by the Four Officers Organisations is pending with the Bank management from 2002.  We went on a day’s strike on 29.09.2005 to realise various demands including the “Regulated working Hours for officers.


Banking Industry witnesses in the recent period entyr of huge number of young officers, who have been recruited through IBPS, certainly expect to realise the demand of regulated working hours in the ensuing wage negotiation.  Hence, in addition to the  quantum jump        in rupees, achieving the defined working hours brooks no delay.


Onward March to 12th November 2014 strike.


Yours comradely,





Circular Letter No. 19:VI:2014

October 14, 2014




Dear comrade,


v    Bangalore meet decides to escalate the agitation to realise the delayed wage revision

v     Withdrawal of co-operation with immediate effect

v     ALL INDIA STRIKE  on 12.11.2014


In the background of overlapping festivals in the month of October 2014 and also elections in the State of Maharashtra and Haryana, the original strike on 28.10.2014, THE date decided on 26.09.2014, has to be put on hold.


The Nine constituents met at Bangalore on 13.10.2014.  AIBOA was represented by the undersigned and Com.S.S.Shishodia, President.


While AIBOA insisted for adherence to the strike date on 27.10.2014 to express the strong displeasure to the authorities concerned in the Industry and also to the Government of India the possible peculiar situation of clubbing strike date with intervening holidays and also the practical constraints in adherence to work to rule by officers alone were placed in the meeting.


After a detailed debate, the meeting came to an inescapable decision to escalate the agitation viz., withdrawal of co-operation with immediate effect by total workforce viz. OFFICERS / WORKMEN and also to observe the strike on 12th November 2014 besides the other programmes, already decided.


The UFBU circular is appended hereunder.


Yours comradely,






TEXT OF UFBU CIRCULAR No. UFBU/2014/30 dated  13-10-2014






·                 UFBU decides to intensify the Agitation


·                 All India Strike on 12th November, 2014


·                 Relay Zonal Strikes from 2nd to 5th December, 2014


·                 Withdraw Co-operation to the Managements



Demanding early and better wage revision settlement


We had informed our Units, vide our Circular dated 26-9-2014, about the negative approach of the IBA in the negotiations for wage revision.  Having regard to the need to express our strong resentment and protest, UFBU has already given the call for observing certain agitational programmes including demonstrations on 17th October 2014 and for holding Dharnas in various States between 18th and 31st October, 2014.  In view of the intermittent festival holidays in various parts of the country, the dates for the strike actions were decided to be finalised later.


In this background, UFBU meeting was held today in Bengaluru to chalk out the programmes and after due deliberations, the following further programmes have been decided upon:


29th October, 2014

Press Meet at all State Capitals and major centres

(Press Note of UFBU, to be released by all the constituent unions, will be sent in due course)


30th October, 2014

·         All India Protest Day

·         Badge Wearing

·         Demonstrations/Rallies at all Centres


11th November, 2014

Centralised Demonstrations at all Centres


12th November, 2014



2nd December, 2014 to

5th December, 2014


Relay Zonal Strikes

To be followed by

Further Strikes including Indefinite Strike





It was also decided unanimously by the UFBU to withdraw all types of extra co-operation by workmen/officers with immediate effect and to boycott all meetings called for by the bank managements after normal office hours.  The meeting also decided against working on Sundays and other holidays.


The schedule of Relay Zonal Strikes is as under:




Southern Zone consisting States of Andhra Pradesh, Karnataka, Kerala, Tamil Nadu, Telengana and Union Territories of  Lakshadweep and Puducherry.




Northern Zone consisting States of Chattisgarh, Haryana, Himachal Pradesh, Jammu & Kashmir, Madhya Pradesh, New Delhi, Punjab, Uttar Pradesh, Uttaranchal, Rajasthan and Union Territory of Chandigarh




Eastern Zone consisting States of Bihar, Jharkhand, Odisha, Sikkim, West Bengal, North Eastern States and Union Territory of Andaman & Nicobar Islands




Western Zone consisting States of Goa, Gujarat, Maharashtra and Union Territories of Daman & Diu



It is two years since we submitted our charter of demands.  While 13 rounds of negotiations have taken place, there is no satisfactory progress in the talks because of the negative attitude of the IBA/Government.  Everyone is aware that employees and officers in the banking sector are doing their best to serve the customers and implement various schemes of the Government despite innumerable hardships and difficulties.  Yet, the genuine demand for adequate wage revision is being delayed and denied. 


Even though we have shown our willingness to adopt a flexible approach in order to finalise the settlement expeditiously, the same is not being reciprocated by the IBA.  Thus, once again, we have been pushed to the path of agitation and struggle.


We call upon all our unions and members to manifest their resentment and protest through effective implementation of the programmes.


Better and early wage revision – We demand - We deserve.


With greetings,





Circular Letter No.18:VI:2014

October 7, 2014












Oval: 10.10.2014 – BLACK BADGE WEARING





The 13th round of discussion held at Mumbai on 26th September 2014, has forced Nine constituents to decide the programmes of action, commencing from 10.10.2014 by wearing Black badge at all offices.


It should be ensured that this programme should be implemented with all seriousness.


Our Units / State Committees should percolate this message to all and ensure the adherence of the programme, without any exception.


With greetings,


Yours comradely,





Circular letter No.15:VI:2014

October 1, 2014







Dear Comrade



We have  been informed that Government of India, in order to present a “ CLEAN INIDA” in 2019 synchronising with 150th Birth Anniversary of the Father of  Nation, has launched a programme on 25/09/2014 and concluding on 31/10/2014.


2.         Banks have also been informed to under take the task outlined by the Government of India.  To implement the action plan, Government of India has advised to keep the office opened on 02.10.2014 at 9.00 AM.   A senior officer will administer the pledge to all employees at 9.45 AM.


3.         While we appreciate the propaganda to present “CLEAN INDIA “ in 2019, 02nd October. 2014 is a declared holiday under NI Act.  The issue was discussed amongst Four Officers’ Organisations and also brought to the notice of UFBU, as the interest of entire workforce is involved.


4.         It has been decided that the officers will not attend the office on 02.10.2014 a public holiday declared under NI Act. Hence we call upon the Officers not to attend Office on 02.10.2014 and implement the collective decision.


Yours comradely





Circular Letter No.14:VI:2014

September 27, 2014







Dear comrades,





A change in deed in holding the talks with the participating eleven unions in quick succession when compared to the  last round held after three months period. On 25th, UFBU held its meeting to assess the situation in the background of the stubbornness exhibited by the newly elected IBA team in the twelfth round of discussion. In the meeting, AIBOA was represented by Com.Alok Khare,Vice Chairman, Com.S.S.Shishodia, President, Com.Narendra Kotiawala, Joint Secretary,besides the undersigned. We have conveyed that non financial demands viz 1.Regulated Working Hours, 2. 5 days working 3. Improvements in the Discipline and Appeal Regulations for the Serving employees and pension improvements for the retired workforce. Further the payslip component percentage average achieved in the last wage revision 0n 27.04.2010 should be appropriately enhanced with the conversion.


2.         In this 13th round, IBA team was captained by Shri.Rajeev Rishi,Chairman Negotiatiing Committee (CBI), Shri.R.K.Dubey CMD,Canara Bank, Shri. Ashwini Kumar,CMD Dena Bank, Shri.Arun Tiwari CMD Union Bank of India, Dr.J.N.Mishra DMD of ,SBI, Shri.Aminesh Chauhan,ED,CBI, Shri.B.Raj Kumar ED IB, Shri.M.V.Tanksale, CEO IBA and Shri K.Unnikrishnan Dy CEO IBA alongwith the officials of IBA.


3.         The Chairman,Negotiating Committee IBA preferred to set the new tone of the discussion with the issues of the management, instead of picking up the thread from the last round ie; on load factor. However, the common issue of hospitalisation linked to Insurance was tabled from IBA with elaborate explanation by CEO,IBA. Our representatives made certain important and relevant apprehensions in this connection, with making it clear that employee will continue to submit the medical bill to Bank only and also that there should not be any differention amongst award staff for the purpose of amount maximum ceiling. After a break for 45 minutes, there was near consensus on the issue and agreed to have a committee of three members from both sides to tie the loose ends.


4.         Once again on the management issues a. Fixed Pay and Variable Pay and b. Discussion on wages upto Scale to III, raised by the IBA, it was made it clear that  number of times Unions have rejected the proposals earlier and it should not be insisted upon. It was clearly argued and placed before IBA by the representatives that the issues -Regulated Working Hours, 5 days working and improvements in Pension matters are to be resolved with upward offer in the matter of wage load factor from the present 11%.


5.         While on Pension related matters there was in principle consent to accede to our demands viz., enhancement of family pension and 100% DA neutralisation for the officers/employees retired prior to 01.11.2002. On updation of pension IBA declined to consider our demand as a cost involved is huge. There was a disinclination exhibited in the initial time on Regulated Working Hours and 5 day working, but on collective insistence IBA has assured to have a relook on these two issues. On load factor which should have the first opening issue for further continuation of talks, figured as a last issue. IBA expressed that  due to unreasonable band, between the demand of UFBU and the offer made by IBA ie; 25% / 23% and 11%, refused to exhibit their willingness to move an inch. All efforts to reason it out our financial demands by Chairman and Convenor UFBU, bear no fruits. The talks were closed without any indication.


HENCE WE ARE ONCE AGAIN BACK TO SQUARE ONE. The only way to achieve the reasonable, Respectable wage revision is certainly through an United Struggle which can alone provide the progress in the matter.


UFBU, which met subsequently for a brief period, took the stock of the situation to roll out the agitational programmes.The festivals of POOJA and also Diwali coupled with the State elections in Maharastra and Haryana, stalemated an immediate decision on our actions. It was decided to observe agitations in phases culminating in a Day’s Strike in October/ November 2014.


10/10/2014                              BLACK BADGE WEARING       

17/10/2014                              DEMONSTRATIONS   

18/10/2014 to 31.10.2014       STATE LEVEL DHARNA.


We are forced to resort to this agitation as IBA sticks to original offer of 11%. They are solely responsible for the present stalemate.




Yours comradely,






Circular No.11:VI:2014

23rd September 2014.








Dear Comrades,





The third Central Committee meeting of our organisation was held at Kolkata on 16th and 17th September2014. The first day session was presided over by Com.Alok Khare, Vice Chairman of our Organisation, commenced its proceedings at 11.00 A.M.


The house observed two minutes silence in the memory of the departed personalities of international, national, and organisational personalities.  The nature’s fury on people of J&K and Assam drew special attention.  The proceedings of the Second Central Committee held at Mahabalipuram on 3rd and 4th August 2013 was placed before the house, by Com.M.A.Srinivasan, Deputy General Secretary which was adopted unanimously.


As Com.Bikash Debroy, General Secretary of the host unit was engaged in receiving Com.Rajen Nagar, President AIBEA and Com.C.H.Venkatachalam, General Secretary AIBEA, the formal welcome address was made followed by presentation of the floral bouquets to the President and General Secretary of AIBEA and also to the office bearers of AIBOA. The CC members were also presented with flowers, thus the session started with fragrance of flowers. The issues listed in the Agenda 2,3 and 4 were taken collectively for presentation to members; Developments in Our Industry, steps taken to implement the decision of the extended office bearers meeting held at Chennai on March 20, 2014 and also the Status report on Wage Revision by the General Secretary with the permission of the Vice Chairman.


On the prioritised issue of Wage revision, the CC had the benefit of power point presentation of the complete details so as to enable the members to debate and decide the future course of action in the matter % of the quantum jump and also the our organisational priority of Non Financial demands over the Financial Demands, as Industry is in the process of facing new type of development due to huge retirement during the settlement period as well as the expectations of the youngsters joining the Industry.


After a short tea break, Com.C.H.Venkatachalam, General Secretary AIBEA, dealt in detail the current policy of newly elected one party Government on our Industry, threats and also the challenges to be met by the Public at large as well as the Bankmen in particular. Further the CC had the benefit of reporting of the decisions of the General Council meeting held at Kolkata on 3rd and 4th August 2014 in which our coordination committee team members participated. The need to tackle the present situation in the wage front as well as the resistance movement against the Banking Sector reform jointly by AIBEA and AIBOA, was explained.


This CC had the unique privilege of the participation of the President AIBEA, who in his presentation made a deep analysis of the PJ Nayak Committee in midst of other relevant developments.  While concluding, he emphasised the need of the both organisations to move together to handle the situations collectively. The CC was adjourned for lunch break.


On resumption, the members of the CC presented their view points specifically on Wages. Nearly thirty comrades presented their firm opinion that the present demand placed for negotiation has to be appropriately modulated as our organisation has the prioritised Non Financial issues over financial issues as the Industry in future has to be handled by new generation of employees. Thus the first day session was adjourned after nearly 4 hours of discussion.


As Com, Alok Khare, our Vice Chairman was entrusted with the important assignment of representing AIBOA in UFBU meeting and also in the 12th round of wage Negotiation with IBA at Mumbai, the second day session was presided over by Com.S.S.Shishodia, President AIBOA. The session started at 11.00 A.M.


TARAK INSTITUTE; It was reported to CC the programmes conducted during the period of last 13 months, the registration of Noble Institute of Banking Research under Societies Act, the donation of Rs.1,00,000 remitted by AIBOA Maharastra State Committee for installation the bust of Com.RJS in the RJS Bhavan and efforts made by the central office office bearers to execute the assignment of installation.


On the appeal made to enroll the membership of the society by CC members, it was decided that the membership of the NIBR should be enrolled from the office bearers and CC members of the affiliated units and State Committees in phases. Further it was also reiterated that the affiliated units should utilise the facilities available in the Institute to conduct the leadership training, CC meetings and also defence workshop once in 18 months to achieve the breakeven point.


TWO ROSES;  The house had a detailed reporting about the number of subscriptions by the affiliated units, the expenditure involved and also the need to achieve the target of 10000 subscriptions as decided in the earlier meeting. Further, it was observed that the quality of the paper should be upgraded and contributions by way of articles from all parts of the country so as to achieve the enhanced quality of the magazine to have the All India stature. It was also decided that the accounts of the house magazine should be maintained for the purpose of ascertaining the outgo from our General fund.  It was also informed to the CC that the office of the magazine will be from our own office as infrastructure is sufficiently available.


FULFILLING THE FINANCIAL OBLIGATIONS BY UNITS.  It was clearly presented to the committee that in the absence of proper and regular remittance by the affiliates, as the subscription from the members are received by the units in advance inter alia holding it without remitting to central office hampers and inflict the strain on the functioning, as the maintenance of Institute is also an additional responsibility on the Central Office.


ACCOUNTS; The audited accounts for the period ended 31.12.2013 was presented by Com.G.Gunasekaran, Treasurer of our organisation. The house approved the accounts unanimously after clarifying certain details. Further, it has given its concurrence to liquidate the entry of outstanding against Late Com.RJS and also write-off the some of the items having a book value of below Rs 5000/ as per the advice of our time tested Auditor. The decisions were unanimous,


Felicitations to Com.Narendra Kotiawala, Joint Secretary, AIBOA:  One of the best memorable event during the intervening period was the appointment of Com.Narendra Kotiawala, Joint General Secretary, AIOBOA, General Secretary, AIBOA-Maharastra State Committee, and Joint Secretary, AIBOA as Officer Director in the OBC Bank’s Board with effect from 30.01.2014.  A comrade, who had strong binding with late Com.P.K.Menon, Founder General Secretary, AIBOA over a period of quarter century and stood tall by his contribution to the Bankmen in particular in the entire State of Maharastra.


He was felicitated by Com.S.S.Shishodia, President, AIBOA and the General Secretary, AIBOA jointly in the CC.


ORGANISATION;  The CC had a brief reporting on PSB matter, Contribution to J&K relief work, the urgent need to establish the Private Sector Officers Cell, All India Women’s council, and also to adhere to the time schedule holding the state committee conferences of DELHI, HARYANA, PUNJAB, ORISSA and UP. The dispute in the J&K State committee was also referred.  Further, the CC had the benefit of information about 13 lady comrades participation in the national seminar organised under aegis of AITUC at Delhi in the Parliament Annexe in which the liaison work carried out by our President was also shared.


Though almost all CC members have participated, but due to paucity of time and also excess utilisation of time by few CC members to present a detailed report of the units/state committees, the decisions were arrived at in a capsule manner as submitted by the General Secretary. The decisions are as follows;


a.         The unification Process of PSB Officers organisation should be completed within four weeks time.


b.         The formation of the Private Sector Cell will be undertaken immediately and the meeting will be held at Karnataka State.


c.         The steps to establish the All WOMEN OFFICERS Cell will be also undertaken expeditiously. In the meanwhile, our women representatives will participate in the ALL INDIA WOMENS meet organised by AIBEA drawn from the states in the month of December 2014 at Mumbai.


d.         The CC authorised the General Secretary in the matter of relief to J&k State.


e.         The earnest and serious steps are to be taken by the State committees of DELHI, HARAYANA, PUNJAB and UP to complete the process of much delayed overdue conferences to fall in line the provisions of the constitution of our organisation. To the extent of representation to PSB officers the  office bearer position can be kept unfilled.


f.          The Nainital Bank Officers’ Association which was given provisional affiliation by the General Secretary was ratified by the Central Committee unanimously.


In the concluding remarks by the President, he expressed his viewpoints on PSB matters as well as on relationship and coordination with OBC employees Federation. 


EXCELLENT ARRANGEMENTS BY WEST BENGAL STATE UNIT The  true reflection of modern day management of events were well demonstrated by the Team West Bengal with the rich tradition of trade union culture. The birth place of first and foremost trade union of Bankmen in Pre independent India has certainly imbibed the value based approach in all matters in our day to day life and certainly helped to arrive at important and correct decisions. Red Salutes to the West Bengal State Unit led by Com.Bikash Debroy.


With festival greetings and hope to see the light at the end of the tunnel in the matter of wage revision and also on organisational matters,


Yours Comradely, 




Circular letter No.13:VI:2014

September 19, 2014












The nature’s fury on J&K State is inexplainable.  Total State is completely devastated.  The Press reports and coverage clearly expresses the anxiety and also the gravity of the present , prevailing and precarious atmosphere.


In this hour of need, that, we the Banking workforce, should stand together to extend total support to the people of Jammu and Kashmir State.


IBA through their communication has requested us to release an appeal to contribute to the Prime Minister’s National Relief Fund [PMRNF] by debiting one day’s PL from individual staff members. The IBA communication is also sent herewith.


The suffering people of J&K State require immediately “Medicines” and also “clothes” and the relief work is being undertaken by “Indian Doctors for Peace and Development”.  This task is undertaken by Dr.Arun Mitra, General Secretary, IDPD, Ludhiana 141 003, Punjab – Mobile 09417000360.


Please remit the money to the following by NEFT



Indian Doctors for Peace and Development


Punjab National Bank

Account No.



Bank Road, Civil Lines, Ludhiana






AIBOA, as per the sanction accorded by the CC, has remitted Rs.25,000/-[Rs.Twenty five thousands only] for the benefit of stranded people of J&K State for purchase of medicines.


Please contribute generously to IDPD before 27th September 2014, as the relief team will be leaving Ludhiana on 27.09.2014 and stay in J&K State upto 02.10.2014.


With the sense of sharing the grief of people of J&K State.


Yours comradely,





CIRCULAR NO. CIR/HR/&IR / 2014 -15/x/627

SEPTEMBER 17, 2014


Dear Sirs,


Jammu & Kashmir Floods - Encashment of one day's PL by Bank

employees for donation to Prime Minister's National Relief Fund[PMRNF]


As your are aware, unprecedented floods have caused havoc in the State of Jammu & Kashmir and left a large number of persons either dead or temporarily displaced.  Property and infrastructure worth crores of rupees have been damaged.  The Central Government is extending full cooperation to the Government of Jammu & Kashmir in the measures for rescue, relief and rehabiliation besides, direct assistance to the affected people.  As the relief measures will involve very huge amount, there is a need for everyone to participate in the national effort to supplement the Government's effort at this difficult time.


Our Hon'ble Primie Minister has requested all fellow countrymen to stand shoulder to shoulder with our distressed brothers and sisters in Jammu & Kashmir and be part of the national effort to support them in this hour of crisis and appealed to all citizens to donate generously to the Prime Minister's National Relief Fund [PMNRF].


As a befitting gesture from the banking fraternity at this hour of need for relief, we request Member Banks to take initiatives by appealing to all the employees of banks to donate one day's Privilege Leave to the PMNRF by encashing one day's PL, after obtaining employee's consent in writing.


/sd/ M.V.Tanksale