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Dear reader!


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*****CURRENT NEWS******

*Consumer Price Index number

for July is 252. i.e 8 point over average

of last quarter.

It indicates an increase of 45 slabs in D.A

from Nov 2014.

Points for Aug. and Sep. may

increase or decrease this slabs.

*Bank employees to work

from 8 A.M. to 8 P.M on Saturdays

for Jan Dhan Scheme!

*Is ESOP on cards for Bank Employees?

*IBPS CWE-III-Clerk-Batch-II,

2014-15 –INDIAN BANK:
date of induction training for

Clerical Candidates – Batch II,

is scheduled from 07.10.2014 to 18.10.2014.

* Revised LFC encashment amount

from 25.06.2014!

*Compassionate appointment

for Bank Employees restored

from 05.08.2014!

* Indipendent programmes on wage revision

and other bank employees issues

Announced by AIBEA and BEFI!

*D.A. rate for Aug ,Sep ,Oct 2014: 102.45%

Sunday, February 20, 2011

AIBOA vs AIBOC


ON  06.01.2011  AIBOC  presented on the following issues pending with the IBA/Govt. for favourable disposal.

a)         2ND OPTION ON PENSION INCLUSION OF:
i)                    CPF Optees retired under Bank level VRS.
ii)                  CPF Optees resigned after 20 years of service, in absence provision for VRS in OSR.
iii)                Compulsory retirees.
iv)                Commutation to family members of CPF Optees died before 27.04.2010 and allowing them notional commutation.
v)                  I.T exemption on contribution to Pension Fund etc.
b)         STAFF LOANS:
            Enhancement in ceiling on Staff Housing Loan and Conveyance Loan, at concessional rate of interest.
c)         FESTIVAL ADVANCE:
            Revision in maximum ceiling on festival loan.
d)         COMPASSIONATE APPOINTMENT SCHEME:
            Follow-up with the Government of India for approval of draft Compassionate       Appointment Scheme, evolved at IBA level in consultation with the UFBU.
e)         FITMENT FORMULA:
            Revised fitment formula, on account of the 9th bipartite, to promotees         from clerical to officer cadre and also for promotees within the officers’           cadre.
f)         REGULATED WORKING HOURS:
            A long pending demand of Officers to fix working hours for officers and also to fix compensation for late sitting and working on Saturdays and Sundays, whenever, their services are required.
g)         5 DAY WEEK:
In view of changed scenario and availability of alternate channel of banking for transactions, Banking Industry should be brought under 5 day week.
h)         REIMBURSEMENT OF TRANSPORTATION CHARGES ON TRASFER ETC.
The present rates fixed for reimbursement of transportation charges for house hold articles, on transfer are not adequate to cover the actual expenses, hence the rates have to be revised.
i)          REIMBURSEMENT OF LODGING & BOARDING CHARGES:
Restoration of provision for reimbursement of lodging and boarding charges for a maximum period of 15 days on transfer at new place of posting, whenever leased accommodation was not provided.
j)          REVISION OF ROAD MILEAGE CHARGES FOR OFFICERS: WHENEVER THEY USE THEIR VEHICLE FOR OFFICIAL WORK:
The rate of road mileage charge to officers permitted to use their own vehicle on official duty is due for revision on account of exorbitant increase in the cost of fuel
.  It was our first courtesy call on the new Chairman of IBA and we are hopeful that, with our meticulous follow-up, the issues are likely to be sorted out in due course.

AIBOA'S BITE ON AIBOC IS AS FOLLOWS:
today we are surprised to find that the same Chairman from SBI finds enough and more time to meet his SBI counterparts and AIBOC to discuss in the presence of IBA CEO, all issues which are in the domain of IBA and UFBU.
 But why IBA should have a leading role to bye-pass UFBU with whom it has negotiated the last settlement on the employees and officers at apex unions with whom they negotiate joint settlements.

UFBU is being usurped by powers who wants to control everything in the industry.  Whenever we raise a vital point of difference some of the apex unions cry a hoarse even to discuss.  Today when UFBU is bypassed by both IBA and one of the constituents, are we to say

SBI is IBA
 AIBOC is UFBU
 or
 Are we to declare UFBU is waylaid?
 Let us ponder over?
EMPLOYEES EXPECTATION: Whoever negotiate with IBA employees should be benefitted.


2 comments:

Anonymous said...

ONE CAN NOT EXPECT A FAIR TREATMENT AS LONG AS AIBOC IS HAVING SPECIAL INTEREST FOR SBI OFFICERS.
EITHER THE AIBOC SHOULD INSIST PARITY FOR OTHER BANK OFFICERS WITH SBI OR DISMANTLE ITSELF FROM SBI .

VENKATARAMANI, RETD INDIAN BANK

Anonymous said...

now it is said that Shri Nadaf is a HR consultant and advising the bank management on IR issues for a hefty fee. what a shame. on 1/07/2013 managemens can have services if a experienced UNION officer as consultant formthe front stables. What Shri Basin can hire him as consultant during the current negotiations and take some time to rest.As laong as the officers are in the hands of anna nagar / madurai school mamagement stating majority and forgetting their glorius past this wage revision will be delayed Nationalised bank officers to unite under ALL INDIA banner immediately to save ourselves

T K SRINIVASANA