Correction:
D.A rate for May, June, July 2016:
Total slabs= 420
Total %.      = 42.00%
i.e. decrease of 6 slabs
(0.60%)
For Pensioners: No change.
********************************
D.A rate for May, June, July 2016:
Total slabs= 419
Total %.      = 41.90%
i.e. decrease of 7 slabs
(0.70%)
For Pensioners: No change.
(NOBW news)

Talks with IBA

UFBU circular on talks with IBA held on 13.04.2016.........

     
1.  DISCUSSIONS WITH IBA:

In response to our letter to the IBA seeking discussions on follow-up actions on some of the issues raised by us, IBA had fixed up a meeting with UFBU on 13th April, 2016 and accordingly the meeting was held in IBA’s Office as scheduled.  IBA was represented by Mr. M V Tanksale, Chief Executive, Mr. K. Unnikrishnan, Dy. Chief Executive, Mr. Visweshwar, Senior Advisor, Mr. K S Chauhan, Senior Vice-President – HR & IR and other officials of the HR-IR Department.  UFBU was represented by representatives of all the 9 constituents.

a)  Difficulties faced by employees/officers in implementation of Medical Insurance Scheme:  

We pointed out the following:

i.             While the Scheme covers reimbursement of Rs. 3 lacs and Rs. 4 Lacs for clerks/substaff and officers respectively plus additional coverage from Corporate Buffer, some of the managements are maintaining that the coverage is only restricted upto Rs. 3 lacs and R. 4 lacs.  The correct position should be suitably clarified to all the Banks and in turn by all Banks to the employees at large.