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Why spl allowance accepted in last settlement and requesting now to merge.1st timein banking sector it was introduced and deprived the Benefits by way of pension, gratuity ect for the already retired employees and retiring employees in future.Even a novice man can call it a suicidal agreement.One more agreement ie 2% cap for basic increase after DA merger. Were these beneficial to employees.First agree then beg for removal.you have outright ly demand for full merger of spl allowance.it is observed from the ufbu letter ufbu may consider for partial merger of spl allowance as per IBA wish.Any how the agreement will be reached as per IBAs dictation
Fully agree with you. Why UFBU signed last settlement which created special allowance. Now they are begging for its clubbing back into basic. Here also the tone of the union circular indicates they may agree for partial clubbing.
LIC settlement was signed just 3 months after our settlement. They signed in August 2015.They got 14.99% payslip rise without any criminal special pay clause. LIC has 134000 staff and there is absolutely zero late sitting. 95% of LIC business is brought readymade by agents. Why 134000 staff is required for bringing remaining 5% business especially after full computerization of all LIC policy documents and records.
In my opinion the Indefinite Strike is the better solution rather then begging from IBA. Please note that in these circumstances zero levy should be paid to these beggers.
Bogus hai iba and his agent ufbu ouR Strike salary wanted to bogus third party and agent helping and time passed 2 year insurance company get fast settlement unionUis strong no strike no discussion for last 15 year shame all leader
How many meetings for the sake of tea and snacks? Now demand the old guards with BO and Diabetes should relinquish their position and hand over reins to the new generation. Since old guards failed in all fronts this is the urgent need
There is no use for monthly meetings unless going for indefenite strike. Indefenite strike means strike forminimum 2 months . During the time of demonitisation our modi sir give me sweet promises.Bank employees salary revision starts next day of Nov 2017.Ehere is the promises
In telangana RTC employees called for indefinite strike even though Govt put so much pressure on them still they fighting for thier rights...strike is still continue 50 th day today..and we bankers dont even go for 4 days strike and call it as grand success
Hai Spineless beggars, Oh Sorry u cannot beg properly also because begging is also an art. No more Samosa party .... only solution indefinite strike from 01.01.2020. 100% sure u don't have that guts.
Issues can not be resolved overnight.Both the parties need to keep financial position and health of participating banks as well as justice to employees. Once the agreement is concluded,itcan not be opened for further negotiations. Any how employees get revision with arrears. Associations have to lower the levy duly considering length of period
RBI employees Pension was rejected for insufficient pensionfund Later when the employees union called for the strike Pension updation was made wef from 01/3/2019.Now IBA is informing that updation of pension of retd employees is not affordable because of funds&for this our great leders are ready to go for acturaials instead of protesting the same & call for indefinite strike.This is the difference of UFBU leaders with others.
jhuth ke bad jhuth...jhuth ke bad jhuth...in logo ko jhuth mey gold medal milna chahiye. Aur kitna jhuth bologey ? Jhuth banana mey time lagta hey Bhai...isliye circular late sey nikla....
This India Banks’ Association ( IBA ), is a voluntary association of banks management in the country consisting of 201 members comprising of Public Sector Banks, Private Sector Banks, Foreign Banks having offices in India and Urban Co-operative banks. IBA is not a legal entity, as it is registered neither under Trade Union Act, 1926 nor under Registration of Societies Act, 1860.and further it is not a professional nor statutory body. In spite of the above it has been collecting huge monies from its member banks as membership fees, expenses, donations etc, in crores of rupees and spending the collected monies without under any provisions of the law. It is not a statutory body and is not under any control of law and is coming under any of provisions of law. And also not defined as employer under Industrial Dispute ACT 1947 . This unregistered body IBA, is also not working in the interest of the PS BANKS , which is evident from the following : It may be noted that the second pension option was turned down by earlier CEO MR SINOR OF IBA on 1-12-2007 as he said that as per actuaries estimates the cost would work out to Rs 26,000 crores ,but no sooner he retired and Mr K.Ramakrishnan took charge as CEO OF IBA he brought one actuary identified by IBA and one actuary identified by employees organization and gave them the work of calculating the cost of second pension option. THE IBA ,THE UNIONS managed with the actuaries and brought down the cost of 2ndpension option for working and retired officers at just RS 6,380.50 Crs.( AS AGAINST earlier estimate of RS 26000/-crores though the number of pensioners have gone up) as mentioned in the joint note dated 27-4-2010.as submitted to the government. However the final figure touched the figure of RS 24381/-CRORES on implementation, which is very close to the figure estimated by earlier actuaries and which has gone up by 382% which is unheard in any wage/pension settlement. FROM the above it is evident that this manipulation was done as all the top officials from PU banks who were holding high position in IBA management committee an such as Mr M.D MALLYA,CMD, BOB AND CHAIRMAN OF IBA, MR K.RAMAKRISHANAN CEO ,IBA AND MR ALOK KUMAR MISHRA CMD OF BANK OF INDIA AND VICE CHAIRMAN OF IBA were interested in getting 2ndpension option .AND no sooner the 2nd pension option was granted the above officials have opted for 2nd option of pension . THIS CAN BE VERIFIED FROM THE BANKS RECORDS. MR Mallya has been sanctioned 2nd pension option by CORPORATION BANK, where he was working as GM AND MR K.RAMAKRISHNAN AND MR ALOK KUMAR MISHRA WERE SANCTIONED 2NDPENSION OPTION BY BANK OF INDIA,( THE ABOVE INFORMATION IS OBTAINED BY ME UNDER RTI ACT FROM THOSE BANKS) FROM the above it is evident that these officials took undue financial advantage for themselves using their official position as CMD OF PUBLIC SECTOR BANKS AND POSITION IN IBA TOTALLY IGNORING THE INTEREST OF GOVT AND THE BANK WHICH THEY WERE SERVING. Not only that when they noticed that the cost of this 2nd pension option is going to put some of the banks in losses the IBA approached the RBI TO AMORTIZE THE EXPENSES OVER A PERIOD OF FIVE YEARS WHICH RBI OBLIGED In view of the above factual position you will agree with me that IBA THE UNREGISTERED BODY CANNOT BE TRUSTED FOR ANY ADVICE AS IT IS NOT A PROFESSIONAL OR STATUTORY BODY.
Settlement this time is different from others as UFBU never had so much at stake in terms of their credibility. Membership is ready for strike but they have gone back with the conviction that they will pull off better this time. I put my wishlist that may calm the nerves of bankers who are jeering UFBU for their failures in eliciting a respectable settlement. This may be also an opportunity to prove their professional commitment towards the membership:
1) Five days week
2) Merger of complete spl allowance, recent HC judgement may be relied upon
3) Pension updation and Family pension as per RBI scheme. Pension funds are robust enough to cater to this. Actuary will confirm this. Now, retirees too have dwindled, hence the load would have come down. Moreover, now majority under NPS, this issue is already taken care of.
4) Pay component upward of 15%
These are very much achievable and offer UFBU opportunity to win the hearts of 8 lacs serving and equal number of retirees.
Go go UFBU and show that you really mean business. All the past, present and future bankers will hail you as heroes. I only remind Julius Caesar's line " There is tide in the affairs of men......"
False. LIC does not give any kind of LOAN. I think you don't understand difference between LIC and LIC Housing Finance Ltd. which is totally separate entity.
LIC is fattu.
The fact that bastards from LIC are coming to this bankers forum itself proves your fattugiri.
Ufbu leaders takes only one issue of wage revision other issue will take after wage revision. मराठीत एक म्हण आहे "एक ना धड भराभर चिंध्या" असं काहीसं उफबु चं झालेले आहे. यातून काही धडा घेतला तर बरं होइल bank employees चे.
No talks no wage revision since newly appointed staff members are intersted only work they simply do work from 9am to 9pm.they need not intersted in wage revision
Discussion with IBA by four officers'organisations on Non Financial issues was held yesterday(21/11/19). Positive response received in the issues pertaining to: D&A Regulations, Accountability Policy, Work -life balance, Child Care Leave, Grid holidays, NPS related issues, and other issues listed in COD . Revised proposal on PLI received from IBA on 20/11/19. Await for further developments which will be shared in due course. AIBOC/AIBOA/INBOC/NOBO
IF LIC PERSONS ARE SITTING UP TO 8 PM ONLY, THEN ALSO WITHOUT ANY TENSION LIKE US?AS PER SERVICE, LIC WILL DIE IF THEY HAVE TO GIVE SERVICE LIKE US.FURTHER BANKERS ARE SITTING 24×7 WITH ALL TYPES OF HIGH RISKS, FOR EXAMPLE 1.IF CHECK/PAYMENT FRAUD HAPPENED BANKERS ARE RESPONSIBLE.HE MAY LOOSE JOB. 2.GOVT WILL ORDER TO GIVE LOAN LIKE MUDRA WITHOUT SECURITY.IF THE LOAN BECOME BAD WE ARE RESPONSIBLE AND ACCOUNTABLE. 3.IF BURGLARY HAPPENED WE ARE RESPONSIBLE AND ACCOUNTABLE. 4.IF WE ARE DENYING LOAN TO UNWORTHY PARTY THEN ALSO WE HAVE TO FACE COMPLAIN AND WE CAN BE TRANSFERRED. 5.SUNDAY ALSO WE ARE AT FIELD FOR RECOVERY. FOR RECOVERING OWN MONEY WE HAVE TO FACE CRIMINAL OFFENCES FROM POLITICIANS AND LOCAL DONS. 6.IF ATM FRAUD HAPPENS WE HAVE TO RUN AT MIDNIGHT. 7.IF WE R NOT ACHIEVING BUDGET..AUTHORITIES WILL TRANSFER US EVEN FOR 100 OTHER REASONS AT ANY TIME. 8.LAST BUT NOT LEAST BECAUSE OF PRESSURE LIC IS NOT HAVING RISK LIKE US.
43 comments:
What is the use of this type of talks
Bloody dogs are barking just shame on there part
Why spl allowance accepted in last settlement and requesting now to merge.1st timein banking sector it was introduced and deprived the Benefits by way of pension, gratuity ect for the already retired employees and retiring employees in future.Even a novice man can call it a suicidal agreement.One more agreement ie 2% cap for basic increase after DA merger. Were these beneficial to employees.First agree then beg for removal.you have outright ly demand for full merger of spl allowance.it is observed from the ufbu letter ufbu may consider for partial merger of spl allowance as per IBA wish.Any how the agreement will be reached as per IBAs dictation
Fully agree with you. Why UFBU signed last settlement which created special allowance. Now they are begging for its clubbing back into basic. Here also the tone of the union circular indicates they may agree for partial clubbing.
LIC settlement was signed just 3 months after our settlement. They signed in August 2015.They got 14.99% payslip rise without any criminal special pay clause. LIC has 134000 staff and there is absolutely zero late sitting. 95% of LIC business is brought readymade by agents. Why 134000 staff is required for bringing remaining 5% business especially after full computerization of all LIC policy documents and records.
My humble suggestion....In the forthcoming settlement please include one clause....Declare a new category of human beings for psu bankers......
A) MALE
B) FEMALE
C) HIZRAA
D) PSU BANKER
Because after this settlement we psu bankers will not be allowed to call yourself even as HIZRAA.
Enni sarlu choopistaru ide cinema nu
Bore kodutundandi maku
No any improvement. The leaders gone to ice age again.
Now only 25 months completed wait for another 7 months then total 32 months then bipartite completed..
In my opinion the Indefinite Strike is the better solution rather then begging from IBA. Please note that in these circumstances zero levy should be paid to these beggers.
To service 40,00,00,000(40 crore) policies.
Bogus hai iba and his agent ufbu ouR Strike salary wanted to bogus third party and agent helping and time passed 2 year insurance company get fast settlement unionUis strong no strike no discussion for last 15 year shame all leader
I think mistake and blunder done in last bipartite can not be rectified unless an indefinite strike call is given.
How many meetings for the sake of tea and snacks? Now demand the old guards with BO and Diabetes should relinquish their position and hand over reins to the new generation. Since old guards failed in all fronts this is the urgent need
What is that service?
Why we don't go for pen down strike ....we always go for strike....deduct our salary for no use ....
Ha ha ha....aiyo more raza baj gaya bankers ka baza
This is the funniest comment of my life
There is no use for monthly meetings unless going for indefenite strike. Indefenite strike means strike forminimum 2 months . During the time of demonitisation our modi sir give me sweet promises.Bank employees salary revision starts next day of Nov 2017.Ehere is the promises
Why nobody commends.All are BJP members
In telangana RTC employees called for indefinite strike even though Govt put so much pressure on them still they fighting for thier rights...strike is still continue 50 th day today..and we bankers dont even go for 4 days strike and call it as grand success
I agree with you. they are fighting like warrior s
All BJP members why you are not put any word . You need only hindutva.
Hai Spineless beggars,
Oh Sorry u cannot beg properly also because begging is also an art. No more Samosa party .... only solution indefinite strike from 01.01.2020. 100% sure u don't have that guts.
Issues can not be resolved overnight.Both the parties need to keep financial position and health of participating banks as well as justice to employees. Once the agreement is concluded,itcan not be opened for further negotiations. Any how employees get revision with arrears. Associations have to lower the levy duly considering length of period
RBI employees Pension was rejected for insufficient pensionfund Later when the employees union called for the strike Pension updation was made wef from 01/3/2019.Now IBA is informing that updation of pension of retd
employees is not affordable because of funds&for this our great leders are ready to go for acturaials instead of protesting the same & call for indefinite strike.This is the difference of UFBU leaders with others.
jhuth ke bad jhuth...jhuth ke bad jhuth...in logo ko jhuth mey gold medal milna chahiye. Aur kitna jhuth bologey ? Jhuth banana mey time lagta hey Bhai...isliye circular late sey nikla....
Join LIC then you will get the answer.
Claim ratio almost 100
Survival benefits
Loan
Policy revival
Surrender
Different type of alterations
Daily collection of almost 2000 crore rupees
Handling of property more than 30 Lacs.
Service to more than 12 lacs agents.
LIC gets rental income of almost one small banks whole year profits
This is LIC and that's why 1,30,000 employees are there.
Come to LIC branch you will officer sitting at 7-8 pm
This India Banks’ Association ( IBA ), is a voluntary association of banks management in the country consisting of 201 members comprising of Public Sector Banks, Private Sector Banks, Foreign Banks having offices in India and Urban Co-operative banks. IBA is not a legal entity, as it is registered neither under Trade Union Act, 1926 nor under Registration of Societies Act, 1860.and further it is not a professional nor statutory body.
In spite of the above it has been collecting huge monies from its member banks as membership fees, expenses, donations etc, in crores of rupees and spending the collected monies without under any provisions of the law. It is not a statutory body and is not under any control of law and is coming under any of provisions of law. And also not defined as employer under Industrial Dispute ACT 1947 .
This unregistered body IBA, is also not working in the interest of the PS BANKS , which is evident from the following :
It may be noted that the second pension option was turned down by earlier CEO MR SINOR OF IBA on 1-12-2007 as he said that as per actuaries estimates the cost would work out to Rs 26,000 crores ,but no sooner he retired and Mr K.Ramakrishnan took charge as CEO OF IBA he brought one actuary identified by IBA and one actuary identified by employees organization and gave them the work of calculating the cost of second pension option. THE IBA ,THE UNIONS managed with the actuaries and brought down the cost of 2ndpension option for working and retired officers at just RS 6,380.50 Crs.( AS AGAINST earlier estimate of RS 26000/-crores though the number of pensioners have gone up) as mentioned in the joint note dated 27-4-2010.as submitted to the government.
However the final figure touched the figure of RS 24381/-CRORES on implementation, which is very close to the figure estimated by earlier actuaries and which has gone up by 382% which is unheard in any wage/pension settlement.
FROM the above it is evident that this manipulation was done as all the top officials from PU banks who were holding high position in IBA management committee an such as Mr M.D MALLYA,CMD, BOB AND CHAIRMAN OF IBA, MR K.RAMAKRISHANAN CEO ,IBA AND MR ALOK KUMAR MISHRA CMD OF BANK OF INDIA AND VICE CHAIRMAN OF IBA were interested in getting 2ndpension option .AND no sooner the 2nd pension option was granted the above officials have opted for 2nd option of pension . THIS CAN BE VERIFIED FROM THE BANKS RECORDS. MR Mallya has been sanctioned 2nd pension option by CORPORATION BANK, where he was working as GM AND MR K.RAMAKRISHNAN AND MR ALOK KUMAR MISHRA WERE SANCTIONED 2NDPENSION OPTION BY BANK OF INDIA,( THE ABOVE INFORMATION IS OBTAINED BY ME UNDER RTI ACT FROM THOSE BANKS) FROM the above it is evident that these officials took undue financial advantage for themselves using their official position as CMD OF PUBLIC SECTOR BANKS AND POSITION IN IBA TOTALLY IGNORING THE INTEREST OF GOVT AND THE BANK WHICH THEY WERE SERVING.
Not only that when they noticed that the cost of this 2nd pension option is going to put some of the banks in losses the IBA approached the RBI TO AMORTIZE THE EXPENSES OVER A PERIOD OF FIVE YEARS WHICH RBI OBLIGED In view of the above factual position you will agree with me that IBA THE UNREGISTERED BODY CANNOT BE TRUSTED FOR ANY ADVICE AS IT IS NOT A PROFESSIONAL OR STATUTORY BODY.
Meeting,eating and sitting and after that spread katora AK pause De de Baba
Settlement this time is different from others as UFBU never had so much at stake in terms of their credibility. Membership is ready for strike but they have gone back with the conviction that they will pull off better this time.
I put my wishlist that may calm the nerves of bankers who are jeering UFBU for their failures in eliciting a respectable settlement. This may be also an opportunity to prove their professional commitment towards the membership:
1) Five days week
2) Merger of complete spl allowance, recent HC judgement may be relied upon
3) Pension updation and Family pension as per RBI scheme. Pension funds are robust enough to cater to this. Actuary will confirm this. Now, retirees too have dwindled, hence the load would have come down. Moreover, now majority under NPS, this issue is already taken care of.
4) Pay component upward of 15%
These are very much achievable and offer UFBU opportunity to win the hearts of 8 lacs serving and equal number of retirees.
Go go UFBU and show that you really mean business. All the past, present and future bankers will hail you as heroes. I only remind Julius Caesar's line " There is tide in the affairs of men......"
Your time starts now. Jai Hind!
This time each one of you should take a pledge that no levy on arrears to union ,,them only next time settlement takes place on time.
False. LIC does not give any kind of LOAN. I think you don't understand difference between LIC and LIC Housing Finance Ltd. which is totally separate entity.
LIC is fattu.
The fact that bastards from LIC are coming to this bankers forum itself proves your fattugiri.
Ufbu leaders takes only one issue of wage revision other issue will take after wage revision. मराठीत एक म्हण आहे "एक ना धड भराभर चिंध्या" असं काहीसं उफबु चं झालेले आहे. यातून काही धडा घेतला तर बरं होइल bank employees चे.
Shame union
Whether today talk with officers association ?
No talks no wage revision since newly appointed staff members are intersted only work they simply do work from 9am to 9pm.they need not intersted in wage revision
RIP UFBU
Heard that PLI accepted in today subcommittee meeting.
Discussion with IBA by four officers'organisations on Non Financial issues was held yesterday(21/11/19). Positive response received in the issues pertaining to: D&A Regulations, Accountability Policy, Work -life balance, Child Care Leave, Grid holidays, NPS related issues, and other issues listed in COD . Revised proposal on PLI received from IBA on 20/11/19.
Await for further developments which will be shared in due course. AIBOC/AIBOA/INBOC/NOBO
What about madurai high court case?
Ore useless leaders sons of butches
IF LIC PERSONS ARE SITTING UP TO 8 PM ONLY, THEN ALSO WITHOUT ANY TENSION LIKE US?AS PER SERVICE, LIC WILL DIE IF THEY HAVE TO GIVE SERVICE LIKE US.FURTHER BANKERS ARE SITTING 24×7 WITH ALL TYPES OF HIGH RISKS, FOR EXAMPLE
1.IF CHECK/PAYMENT FRAUD HAPPENED BANKERS ARE RESPONSIBLE.HE MAY LOOSE JOB.
2.GOVT WILL ORDER TO GIVE LOAN LIKE MUDRA WITHOUT SECURITY.IF THE LOAN BECOME BAD WE ARE RESPONSIBLE AND ACCOUNTABLE.
3.IF BURGLARY HAPPENED WE ARE RESPONSIBLE AND ACCOUNTABLE.
4.IF WE ARE DENYING LOAN TO UNWORTHY PARTY THEN ALSO WE HAVE TO FACE COMPLAIN AND WE CAN BE TRANSFERRED.
5.SUNDAY ALSO WE ARE AT FIELD FOR RECOVERY.
FOR RECOVERING OWN MONEY WE HAVE TO FACE CRIMINAL OFFENCES FROM POLITICIANS AND LOCAL DONS.
6.IF ATM FRAUD HAPPENS WE HAVE TO RUN AT MIDNIGHT.
7.IF WE R NOT ACHIEVING BUDGET..AUTHORITIES WILL TRANSFER US
EVEN FOR 100 OTHER REASONS AT ANY TIME.
8.LAST BUT NOT LEAST BECAUSE OF PRESSURE LIC IS NOT HAVING RISK LIKE US.
Please clarify who are the dogs?
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