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*****CURRENT NEWS******
* 23.02.2015: Wage revision settled at 15%(4725%)
2nd and 4th Saturdays will be Holidays.
Other Saturdays are full working day.
Four days strike deferred.
Detailed circular follows.
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*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 !

Monday, March 23, 2015

RRBs heading for?

As banker we have to read this article (though lengthy) to widen our view and improve knowledge.
RRBs: Started for whom? Running for whom?

Deccan Herald news dt.23.03.15m

Commercialisation of social banking at the cost of poor
P S M RAO, MARCH 20, 2015 AA
The Regional Rural Banks (RRBs), the Indian Grameen Banks, would have been the most suitable institutions to serve the poor; better than the so-called 'best model' in the world, 'Grameen Bank' of Bangladesh, but for the continued distortions, in the name of reforms, brought about by the government in phases since 1993. The RRBs amendment Bill 2014, passed by the Lok Sabha in December and waiting for the passage by the Rajya Sabha is going to be a coup de grace.

Born in 1975, through an ordinance, later made RRBs Act, 1976, these banks came up with the sole purpose of catering to the credit and other needs of small and marginal farmers, agricultural labourers, rural artisans, street venders, petty traders and all those below the poverty line in rural areas.

Friday, March 20, 2015

We expect “Acchi Din” but we see “Bura Din” on the way!!!


Narendra Modi government directs rural banks told to cut jobs, outsource operations

Economic Times News
By Atmadip Ray, ET Bureau | 20 Mar, 2015, 04.00AM IST

KOLKATA: The Narendra Modi government has directed regional rural banks to become slim
by cutting jobs and outsource non-core functions
such as IT maintenance, cash remittance and house-keeping.


The decision may not force RRBs to lay off people but these banks which collectively employ around 80,000 at present would need to downsize their future hiring plans by at least 10-12%.
The government told them to handle higher volume of business with a lesser number of employees in a core-banking environment backed by modern IT infrastructure.

The move is aimed at improving productivity and profitability of RRBs.
The move is based on the recommendations of SK Mitra committee on HR policy for RRBs,
which was set up three-years back but its suggestions were buried under the carpet by the
 UPA-II government.
SK Mitra was then the executive director of National Bank for Agriculture & Rural Development.

The Modi government wants RRBs to follow the recommendations.

Grade Pay

I am receiving too many queries about 
introduction of Grade Pay.
It is mentioned in the joint circular by award staff unions.
My view on Grade Pay is:
I do not support grade pay.
The load should be on basic pay only.
Grade pay concept will spoil all future benefits.
Grade pay in central govt., was introduced to neutralise
the clubbing of two or more scale of pay.
In banks there is only one pay scale for clerks and Substaff as well.
If scale 1,2 and 3 of officers are merged , 
then grade pay may be necessary.
However let us wait for final outcome.
Till such time let us express our concerns to give pressure to unions to take right decisions.

Thursday, March 19, 2015

What is store in for Pensioners?




Ongoing Negotiations on Wage Revision - Abuse of Technology.

AIBEA Letter No.27/121/2015/17, dtd 19.03.2015 -

Dear Comrades,
1. Ongoing negotiations on wage revision and other improvement in service conditions :
Units are aware that the Minutes of Discussions signed by us with the IBA on 23-2-2015
covering 15% increase towards cost of payslip components and amounting to Rs. 4725 crores
coupled with full holidays on 2nd and 4th Saturday of every month are significant breakthrough
 in the given circumstances and as compared to previous wage revision.  
Our other demands are also being discussed and sorted out and already understandings have been reached on some of the issues.  
The details of agreed issues have already been circularised by us for the information of our members.  The construction of revised payscales and other issues will be taken up in further rounds of discussions.  In the meantime, all sorts of misinformation, wrong information, rumours are being spread by vested interests about distribution of load to various items, etc in order to create confusion amongst the members. 
Our units are to keep off from such attempts and not fall a prey to the same.  As and when any development is there, we shall keep our units informed.
2.   Full holiday on 2nd and 4th Saturday of every month : 

Rumors on Saturday holiday!

Introduction of two Saturdays in a month as holiday.
"IBA advised that they have already taken up the matter with
Reserve Bank of India and Government of India and are waiting
for completion of the formalities at their level and
this part of the agreement will be implemented immediately
after the notification to that effect is issued."
=> AIBOC circular dt.18.03.2015
Do not believe rumors.
Do not spread rumors.
Ignore rumors.

Wednesday, March 18, 2015

Sub-Group for award staff-Round 2 meeting outcome!

 BANK EMPLOYEES' FEDERATION OF ONDIA


Circular No: 11/2015                                                                                         18th March 2015

To All Affiliates/Office Bearers/CC/GC Members
 Dear Comrades,

TALKS WITH IBA

Yesterday 5 workmen unions met in Mumbai to discuss on the approach to be adopted during the talks with IBA relating to service conditions of workmen. The meeting was participated by Com. C. J. Nandkumar, Com. Vijay Aroskar our President and Joint Secretary respectively and the undersigned.

Later, yesterday, talks were held with IBA; the outcome of which has been summarized in a joint circular issued by the 5 workmen unions on date, text of which is as follows:

With greetings,

Text of Joint Circular

“Units and members are aware that our charter of demands includes demands on improvement in various service conditions apart from increase in wages. Prior to the signing of the Minutes of Discussion on 23-2-2015, there were two rounds of discussions with the IBA on these issues. Yesterday i.e., on 17.03.2015, one more round of discussions took place, during which understandings have been reached on the following issues:

  1. ENCASHMENT OF LEAVE: The benefit of encashment of Privilege Leave will be available even in the cases of resignations from the Bank after 20 years of service as well on loss of job due to punishments (other than cases of punishment of Dismissal and cases where there is loss to the Bank).


2.  LEAVE:

a)    The present stipulation that Casual Leave (CL) upto 4 days can be availed continuously provided the total absence including Sundays and holidays does not exceed more than 6 days would be deleted.


b)    Presently Unavailed Casual Leave (UCL) can be availed for a day without production of medical certificate. In addition UCL may be availed without production of medical certificate for 4 days at a time once in a year or 2 days at a time twice in a year.


c)    Privilege Leave (PL) can be availed on 4 occasions in a year (as against 3 occasions at present).


d)    15 days’ Notice would be sufficient to avail Privilege Leave (as against 30 days’ notice at present).


e)    Privilege Leave can be accumulated upto 270 days (as against the existing ceiling of 240 days). However, encashment upto 240 days would continue as at present.