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*****CURRENT NEWS******
16.04.2015:
Today In the afternoon discussions on other

demands of workmen and officers were discussed.
Next week negotiating committee meeting will be held
and pay scales etc will be discussed.
Today morning IBA & UFBU meeting took place
wherein all details of proposed new medical reimbursement scheme
was discussed.
Scheme will be finalized shortly.
For retirees also we have asked iba to workout
a similar scheme.
-UFBU

10.04.2015: Update on B.P.S.:
Sub committee meeting on medical reimbursement is scheduled
to be held on 16th April at 11.00 am.
Meeting with workmen unions will be held at 2.00 pm
(News from BEFI)
********************************
* 23.02.2015: Wage revision settled at 15%(4725 Cr.)
2nd
and 4th Saturdays will be Holidays.
Other Saturdays are full working day.
Four days strike deferred.
Detailed circular follows.
************************************************

*Consumer Price Index number for Oct,Nov,and Dec. is 253.
0.34 point over average of last quarter.

Hence D.A from Feb 2015 to Apr.2015 is 734 slabs(+2slabs)
i.e 110.10% (+0.30%)
*********************************************************************
* Revised LFC encashment amount from 25.06.2014!

*Compassionate appointment for Bank Employees
restored from 05.08.2014!
Legal heirs can opt for either employment or ex-gratia !

Friday, April 24, 2015

AIBOA Suggestions on Medical Insurance Policy!


ALL INDIA BANK OFFICERS’ ASSOCIATION

CENTRAL OFFICE
A.K.Nayak Bhavan, 2nd Floor 14, Second Line Beach,
CHENNAI-600 001
Phone: 25265511 / M 9840645081  /  FAX: 044-25249081  / e mail:    aiboa.hq@gmail.com     www.aiboa.org

IBA:KS:39:2015
April 14, 2015


The Deputy Chief Executive Officer,
Indian Banks Association,
Cuffe Parade,
MUMBAI.

Sir,

REG;   Draft Medical Scheme for employees of member banks of IBA and their family members in lieu of existing Hospitalization Scheme.

REF;     1. Your e mail dated 13.03.2015.
            2. Our letter IBA: BKS:22:2015 DATED 14.03.2015.

Further to our email communication, as an interim response, our organization strongly feels that tie up arrangement with any Insurance company and routing through the claim to TPA is amounting to outsourcing of the staff related matters, hence deserves to be rejected in toto. Apart from the above hardly 15% of the employees are claiming the reimbursement under Hospitalization Scheme, the same should be handled by the Personnel department of the individual Banks. As the standardization is the principled approach in similarly placed employees in Banks, the best of schemes available in State Bank of India as well as in Bank of India may be harmonized and extended to all Banks.

The employee shall deal only with the Bank and not with the Insurance company/TPA.

Notwithstanding the above we suggest as under the clause wise observations.

22-04-2015 meeting

Many comrades are asking about meeting between
Officers Unions and IBA sub group.
No circular has been issued by any of the unions.
AIBOC has posted a message in their site today.
""In the meeting of Sub-Group of IBA held on 22-04-2015 on
other issues of officers at Mumbai
many issues including PQA, FPA, CAIIB Increment,
tax on perquisites, allowance for naxal affected areas, LFC etc,
were discussed,
Our concerns of structuring of pay scales were also shared and
discussed wi
th the IBA,
The meeting was positive,
Next round of talks is expected to be held next week"
Which many of you might have read as SMS news.

Tuesday, April 21, 2015

Consolidation of banks!

Return to frontpage

Prepare small banks for merger with large PSBs: Finance Ministry panel

Small public sector banks, with assets of less than Rs.2-lakh crore, should be readied for merger with five large PSBs, a Finance Ministry-appointed panel has recommended.
PSBs with less than Rs.2 lakh crore assets (loans plus investments) include Andhra Bank, Bank of Maharashtra, Dena Bank, Punjab & Sind Bank, Vijaya Bank, and United Bank of India.
The large PSBs, with the capability to acquire include Bank of Baroda, Bank of India, Canara Bank, Punjab National Bank and Union Bank of India.

Monday, April 20, 2015

AIBOC Circular No. 2015/20 dt/ 18.04.2015


QUOTE: 

"Our members are aware that MOU was signed on 23rd February, 2015, for the Xth Bipartite Settlement in which an annual wage increase of 15% on pay slip components was offered by the IBA, which works out to Rs. 4725 crore along with the second and fourth Saturdays off in Banking Industry. ….
…..United Forum of Bank Unions met at Mumbai on 15.04.2015 to discuss about the proposed Medical Insurance Scheme in lieu of the scheme for reimbursement of Hospitalisation expenses presently in vogue in Public Sector Banks and any other issue on the present scenario.
……On other issues, we requested all the constituents of UFBU to take a common stand of loading 2% on basic pay and DA as on 31.03.2012 as per the terms of MOU and not to compromise on anything else. On this issue, a couple of constituents had a different view. 
We shall try to convince them with our view and shall endeavour to ensure that our interpretation of the MOU on this aspect of loading is demanded by the UFBU. 
This interpretation is all the more necessary in view of the fact that there are lot of constraints in construction of pay scales with a limit of 2% of loading on basic pay and DA. 
We also made it very clear in the UFBU meeting that we will not sign any agreement till the time the second and fourth Saturday off in the Banking Industry is ensured or a firm commitment is signed by IBA in this regard giving a time line for its implementation.

Saturday, April 18, 2015

Details of talks on 16.04.2015

Text of BEFI Circular no.13/2015 dated 17.04.15

BIPARTITE TALKS

The Sub-Committee for discussion of Medical Reimbursement met
at 11.00 A.M. yesterday, 16th April 2015.
On introduction of Medical Insurance Scheme, UFBU forcefully put forward the apprehension of the employees and insisted that the same need to be addressed first before the present system of reimbursement of expenses is substituted.
 IBA, while assuring that the same would be taken up with the TPA for acceptable solution, requested UFBU for a written note in the matter.
The issue is yet to be finalized.

Thereafter, full-fledged negotiations were held in the afternoon.
In this session, some understandings were arrived at on

Thursday, April 16, 2015

Development on 16.04.2015



Today In the afternoon discussions on other
demands of workmen and officers were discussed. 
Next week negotiating committee meeting will be held 
and pay scales etc will be discussed.
Today morning IBA & UFBU meeting took place 
wherein all details of proposed new medical reimbursement scheme
was discussed.
Scheme will be finalized shortly.
For retirees also we have asked iba to workout
a similar scheme.
-UFBU