Text of letter no.
AIBOC/2018/108 dated 30.12.2018

Shri Arun Jaitleyji
Hon’ble Union Finance Minister
Government of India
New Delhi

Dear Sir,

YOUR STATEMENT REGARDING ACTION TAKEN AGAINST BANK OFFICERS IN CONNECTION WITH
NPAS

This has reference to your recent statement on the action taken against bank officers being held responsible
for staff delinquency in NPA accounts.
You have been quoted in the media as stating:
As per the inputs received from nationalised banks, in FY 2017-18, 6,049 officers have been held
responsible on account of staff delinquency in NPA accounts…minor penalty/major penalty have
been imposed against erring officials and in all the cases, depending upon the amount involved,
CBI and police complaints have been lodged.
(Source: http://www.ptinews.com/news/10273687_Over-6-000-officers-of-PSBs-held-
responsible-for-bad-loans-in-FY18--Jaitley.html)

02. The All India Bank Officers’ Confederation (AIBOC), the largest trade union of officers in the banking sector
commanding a membership of over 3.20 lakh officers is shocked and appalled by your biased and misleading
statement,

AIBOC
Circular
No. 2018/93 Date: 19.12.2018

To All Affiliates (Please Circulate)

STRIKE ON 21ST DECEMBER, 2018 STANDS

The Conciliation Meeting in response to the strike notice of AIBOC on 21st December, 2018 was held
today at the office of the Additional CLC(C), Shram Shakti Bhawan, Rafi Marg, New Delhi at 11.00 A.M.
AIBOC was represented by Com Sunil Kumar, Chairman, Com Debasis Ghosh, President, Com Soumya
Datta, General Secretary and Com Ravinder Gupta, Sr. Vice President. After brief introduction, CLC
asked us to present our case. All issues as per the strike notice served were represented by the
representatives threadbare, which was appreciated by representatives of CLC, IBA and DFS. The copy
of the minutes of the Reconciliatory proceedings is appended.

In today's reconciliation talks, AIBOC presented our case clearly and unambiguously, which was appreciated by CLC, IBA and DFS representatives.

On the issue of fractured mandate.  CLC requested both IBA and DFS to initiate efforts to resolve the issue with all earnestness and to convene bilateral talks forthwith.

A delegation of AIBOC will be visiting the office of DFS today for further talks.

Since the reconciliation was inconclusive without any firm assurance, as of now our stand remains firm and resolute.
We urge upon our affiliates to be in full preparedness.
Detailed circular follows.

With revolutionary greetings,

Sunil Kumar, Chairman, AIBOC
Debasis Ghosh, President, AIBOC,
Soumya Datta, General Secretary, AIBOC

UFBU Meeting 12.12.2018:

In today's UFBU meeting the discussion revolved around two issues:

A) The issue of extending fraternal support by UFBU constituents to AIBOC on 21st December'18.

B) The view of all constituents on the decision of AIBOC of not taking part in further talks, and also to seek opinion of each affiliate whether they would be taking part in talks should IBA convene any meeting.

On the first issue, there was no unanimity amongst constituents, hence, UFBU Convenor left the decision to individual affiliates.

We are happy to share that some affiliates openly expressed their support and also agreed to join the Dharna at Delhi scheduled on 14th December'18.

 AIBOC also categorically stated that in future we will also take a call on extending fraternal support, should any affiliate call for a strike or announce any agitational program.

On the second issue, all other affiliates expressed that they would be joining future talks.

UFBU Convenor, requested AIBOC to reconsider the decision of not taking part in further talks.

During the deliberation, AIBOC clarified it's position that we are firm and resolute in our stand of going ahead with the strike and not taking part in further talks unless the mandate issue was settled.

We also expressed that after assessing the impact of our strike, we will take stock, discuss with all our affiliates and chalk out our future course of action.

General Secretary.
AIBOC

UNITED FORUM OF BANK UNIONS
(AIBEA-AIBOC-NCBE-AIBOA-BEFI-INBEF-INBOC-NOBW-NOBO)

CIRCULAR No. UFBU/2018/20
 Date : 30.11.2018
TO ALL CONSTITUENT UNIONS/MEMBERS

Dear Comrades,
● Talks with IBA on wage revision – Offer increased to 8%
● UFBU meeting – Call given for All India Strike on 26th Dec. 2018 against amalgamation of Bank of Baroda, Dena Bank and Vijaya Bank.

After the last round of discussions held on 12-10-2018, there was another round
of Bipartite Talks between IBA and UFBU today in Mumbai. IBA team was led by
Shri Rajkiran Rai G., (MD & CEO of Union Bank of India) Chairman of the Negotiating Committee of IBA. UFBU was represented by leaders of all the nine constituent unions.

IBA’s increased offer: Picking up the thread from the discussions of the last round of discussions wherein we had urged upon the IBA to improve their offer of 6% hike in the cost of payslip components, IBA today revised their offer and increased their offer to 8% instead of 6% offered earlier. IBA also reiterated their formula of further wage increase based on their proposal linked to annual increase in Operating Profit and on Return on Assets of the Banks. While welcoming their improved offer, we stated that differential wage increase based profits of each Bank is not acceptable to us and that the wage revision in the Banks should be uniform as has been hitherto. We also further stated that their revised offer is far below our expectations. Hence, we urged upon the IBA to further revise their offer substantially to an acceptable level. We further stated that the issue of full mandate i.e.wage revision for Officers to cover all Officers upto Scale-VII should also be resolved. IBA expressed their limitations in this regard but we insisted them to find an amicable solution to this important issue.