Letter to UFBU convenor
Ref No. AIBOC/2019/21
United Forum of Bank Unions
We invite your attention to a press report covering an address of Com. C H Venkatachalam, GS,
AIBEA in a meeting organized by its U.P. State Unit at Kanpur, wherein, he has reportedly
categorically declared that UFBU will be vertically split with award staff union and more specially
AIBEA will sign the wage settlement before announcement of the schedule of the General
Elections by the Election Commission. He has also reportedly stated that as per his estimates,
the present offer of IBA is more in quantitative terms than the quantum paid in the 10th Bipartite
settlement. He has also stated that the Officers’ Associations are creating impediment to the
02. We strongly denounce unilateral pronouncement of one constituent of UFBU on the merit of
the present offer of IBA which is very likely to jeopardize the ongoing negotiation in terms of final
achievement that UFBU is collectively aspiring for. It will only strengthen IBA’s hand in the wage
revision talks and sabotage the cause for which AIBOC excused itself from the negotiation on
30th November 2018 and abstained from the talks on 2nd Feb. 2019. We also feel that it would
sell out the aspirations of entire 10 lakh strong bankers’ fraternity and as well as retirees, who
are looking up to UFBU to ensure a decent salary revision/pension updation as submitted in the
Charter of Demands, which is based on certain basic principles i.e. Minimum Wages concept.
03. Despite such provocative open declaration by the General Secretary of AIBEA, we seek your
immediate intervention at this critical juncture so that the edifice of joint movement built over the
years do not suffer at the ego altar of an organization inflicting irreparable damage to the cause
of entire banking fraternity of the country.
We urge upon you to convene an emergent UFBU meeting to discuss this issue threadbare to
protect the interest of our members as well retirees.