RBI staff to join banking sector strike on Jan 7
Reserve Bank employees have decided to observe a strike on January 7, 2015, in solidarity with the cause of the United Forum of Bank Unions in the commercial banking sector.
The All-India Reserve Bank Employees Association and the All-India Reserve Bank Workers’ Federation have urged the RBI Governor to intervene to bring peace in the banking sector, stating that the RBI cannot remain a mute spectator.
The Association and Federation advised units to observe peaceful and organised action in all RBI offices and liaise with units of the United Forum in the run-up to the strike.
“We have got an important stake in bank employees’ success and achievements. Their settlement has provided us the basis of our wage negotiations, which are pending,” said Samir Ghosh and SV Mahadik, RBI employee union leaders.
“Indian Banks’ Association has created a desperate situation for bank employees whose patience has run out. The Government is silent, unconcerned about the turmoil in this sensitive sector and the plight of millions of customers.”
Bankers have made huge profits in 2012, 2013 and 2014 from the toil and sweat of employees. But they refuse to give them a modest wage increase forcing them to strike work off and on, the leaders noted.
Indian Banks’ Association said it is the only representative body of banks which acts on the mandate given by the banks for wage settlement, a statement issued here said.
It said IBA’s Negotiating Committee comprise of CMDs of Public Sector Banks as well as Private Sector Banks which are parties to the Bipartite a settlements has started the wage negotiation in right earnest since October 2012.
It said 14 rounds of discussion have been held and two major issues, i.e., effective date of implementation and merger of DA have been clinched.
“In the past 7th and 8th Bipartite Settlements, the wage increase was between 10 percent and 13 percent. The 9th Bipartite Settlement was an exception as compared to earlier settlements and cannot be quoted as precedent.”
In the current wage settlement, a hike of 11 percent on salary and allowances has been offered based on the paying capacity of all the banks, lower profitability, higher requirements for provisions and further capital requirement under Basel-III, which translates into 12.5 percent on the balance sheet cost that too is unaffordable to some of the banks.
“The issues regarding wage negotiation deliberated in Negotiating Committee of IBA are further discussed in a larger forum, i.e., Managing Committee of IBA and the Chairmen of all the banks were unequivocal in saying that the demand of 23% increase of Unions/Associations is unaffordable, illogical, exorbitant and irrational.”
IBA appealed Unions/Associations to give up the agitational path and return with pragmatic approach to the negotiation table and to resolve the issue through bipartism.
“Despite the appeal made by IBA as well as Chief Labour Commissioner (Central) at the conciliation meetings not to resort to strike and resolve the issue through bipartism, the Unions/Associations went on one day strike on November 12, 14 followed by Zonal relay strikes from December 2 to December 5, 2014.
In the meantime, IBA has requested to all member banks to assess their paying capacity and advise IBA accordingly.
“It is, therefore, apparent that IBA is serious to settle the issue at the earliest and not adopting delayed tactics as alleged by the Unions/Association.”
If we are working for govt, implementing most of govt schemes, why we should be denied pay at par with CGovt employees??
We need CPC instead of BPS, it seems so.
In 6th CPC, CG employees got 40% pay-hike.
Where do we stand in comparison with them.
One may say why to compare with them?
But if we are working under govt, implementing their schemes despite losses in such schemes, we must compare our salaries with them.
Or else all banks shall deny / oppose all govt schemes and implement policies like private banks. Then our profits will be high and No More NPAs will remain to deny our respectable wage hike demand.
Rightly said in two earlier comments & These points must be raised at negotiation table.
Central bank staff may get 5-10% more salaries than civil servants
'To attract meritorious students, we must raise salaries'
A man walks past the Bangladesh Bank headquarters in Dhaka
To attract meritorious students, we must raise salaries.”
Currently, Bangladesh Bank employees receive five yearly bonuses in addition to salaries.
In its report recently, the National Pay and Services Commission (NPSC) also realised the necessity of a separate pay structure for the central bank staff as the bank’s own wealth and financial strength is sufficient to maintain the hike.
The NPSC report says the staff of the central bank need a separate pay scale because their activities are directly related with the movement of the country’s economy and also because they work with global financial institutions.
We should accept the true fact that iba n govt are hand in glove to pursue the political agenda of the party and thereby our babus getting high placement and good jobs whereas we bonded labourer are blinded throuh our union leader so we should accept our slavery without the right to good living condition
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