Write off Bad Loans!

Letter from GS, BEFI to Convenor, UFBU.

Bank Employees Federation of India 

NARESH PAUL CENTRE, 53 Radha Bazar Lane, (1st Floor), Kolkata – 1.
e-mail:pradipbefi@yahoo.co.in Website: www.befi.in 
Dt. 05.02.2016

Com. MV Murali
Convener, UFBU
C/o State Bank of India
Bank Street, Hyderabad.

Dear Comrade,

Bilateral meeting between UFBU and IBA

This has reference to your letter dated 19th January 2016, addressed to IBA, requesting discussion on “review” of Medical Insurance Scheme and improvement on Pension related issues. We presume there is no positive response from IBA so far.
Going by the experience in the matter of reimbursement under the newly introduced medical insurance scheme in terms of 10th BP settlement and the feeling of the pensioners, the issues referred by you are very important and have rightly been taken up with IBA.

In the back drop of wage revision in the Insurance Sector, that has since been implemented also, there is a strong feeling among bank employees, hope you will also appreciate, that if 13.5% to 14% loading on Basic Pay (after merger at a higher level of Price Index), resulting in increase of Basic Pay by around 90%, can be given to insurance sector employees, there cannot be any justification for a pittance of only 2% loading for bankmen.

There is also a feeling among the bank employees that sensing the reaction of the bank employees on the wage hike in the insurance sector, Government of India,

Department of Financial Services has, very surprisingly, it is absolutely unprecedented too, written to IBA to initiate negotiation on 11th BPS so that it can be concluded before the expiry of the 10th BP settlement and this has been done to divert the attention from the disparity, in the matter of wage revision, between Insurance Sector and the Banking Sector.
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Under the circumstances, we strongly feel that we should have a relook to the basic pay structure of the 10th BP settlement and prevail upon IBA for a review of the same.

We request you to please convene a meeting of UFBU for a discussion on the aforesaid issues/points so that we can arrive at a common approach.

We await your positive response.
With greetings,
Comradely yours,

Sd/- Pradip Biswas,
General Secretary