ALL INDIA BANK OFFICERS’ CONFEDERATION
Circular No. 2014/41 Date: 02/06/2014
TO ALL AFFILIATES/MEMBERS
Our members are aware that since approximately last three months
Xth Bipartite Settlement talks are at standstill. Though it is mainly on account of election process the country was undergoing, but it is quite natural for the members to get restless on this delay. Soon after taking over of new Government, we have taken up the matter with The IBA requesting them to reinitiate and expedite the process, vide our letter Ref. 2014-32 dt. 30.05.2014.
The copies have also been sent to the Hon’ble Finance Minister Mr. Arun
Jaitley and The Secretary, DOFS, MOF requesting them to look into the matter and issue
appropriate directions. The text of the letter is as follows:
10th Bipartite Settlement Talks;
100 Day Agenda Set By Hon’ble Prime Minister:
One year and seven months have passed since Officers and Workmen
Organizations in the Banking Industry submitted their Charter of Demand for 10th
The slow pace with which the negotiations are taking place cannot
be appreciated by any one of us, whatever may be the reason. No meeting has taken
place on the issue for the last three months. The situation is alarming and causing lot of
anxiety and frustration amongst the officers and workmen in the Banking Industry which
is bound to affect their productivity and efficiency.
The growing disparity in the pay structure of the staff of Banking industry vis-a vis the Govt. employees and the apathy shown so far by the earlier Govt., to give a fair deal in the XthBipartite Settlement is really agonizing.
With the new Government taking over, hopes have been raised as all sectors of the economy have already started looking up. In view of this scenario, the attrition rate in the Banking Industry, which is already starving with the competent and experienced staff, will go further high with opportunities opening out in other sectors.
Hon’be Prime Minister of India, Sh. Narendra Modi has set out a hundred day
agenda for governance. One of the main action points desired in this agenda is improving
the delivery by decision making. We request you to kindly take immediate steps and
initiatives to initiate the discussions on the Salary Revision, so that we in the Banking Industry also contribute towards the new goal set by our Prime Minister and set an
example of good governance.
We are confident that this agenda of ours will be written in the golden letters as
contribution of the Banking Industry. We once again assure you to rededicate ourselves in
extending our full cooperation in achievement of the agenda of social developments set
forth by the Government / Bank Managements.
Hoping for an early response.
Any development in this regard shall be circulated to you all.
With warm greetings,
Na-rendra Modi wants Govt. Of India employees to work even on saturdays(forget 5day banking). To reduce inflation, he may reccomend to cancel wage revision so that less money is infused into the system.
Its high tumne someone else takes Harvinder's place
This is not Gujarat Govt to do so ie. cancellation of wage revision. Banking industry wage revision shall constitute a small portion (LESS THAN 5%) when compared with that of the Pay Commission - wage revision to ALL CENTRAL GOVT AND STATES GOVT. EMPLOYEES. Hence, the INFLATION matter does not arise when the bank men are getting their due wage revision.
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