Saturday, May 21, 2022

 Merger of govt-owned lenders weakening banking system, says study


https://www.moneycontrol.com/news/business/merger-of-govt-owned-lenders-weakening-banking-system-says-study-8546081.html

Tuesday, May 3, 2022

 Today (02.05.22) All four unions namely AIBEA NCBE BEFI AND NOBW affiliated unions operating in Bank of Baroda met in a virtual mode to discuss the recent arbitrary decesion of BOB management to outsource the sweeping job.


Meeting was presided by Com.C.S.Dahiya, President, AIBEA unit in BOB. 


ALL THE PARTICIPANTS EXPRESSED THEIR CONCERN AND UNANIMOUSLY OPINED FOR ALL OUT FIGHT TO RESIST THE ILL MOTIVE OF THE MANAGEMENT.

DURING THE DELIBERATION WE, BEFI, HAVE CATEGORICALLY SUBMITTED THAT ALL OUT ACTION PROGRAMME SHOULD BE ADOPTED UNDER JOINT FORUM.

ACCORDINGLY THE NAME OF THE FORUM WILL BE UNITED FORUM OF BANK OF BARODA UNIONS.

SOME PROGRAMMES ARE RELEASED AND CIRCULAR WILL BE ISSUED UNDER THE BANNER OF UFBOBU.

SOME OF THE PROGRAMMES ARE HIGHLIGHTED.


ON 4TH MAY - FORMATION OF JOINT COMMITTEE AT ZONAL/REGIONAL LEVEL.

5th MAY - Deputation to ALL Regional heads.

7th MAY - Black badge wearing and will continue till our agitation 

10th MAY - Demonstrations before All ZONAL HQ and Deputation to ZH with memorandum.

13th MAY - poster display

19th MAY - Dharna before all ZOs with demonstration.

23th MAY - Deputation by all President and General Secretary of constituents to not below the rank of CGM HRM

Strike will be observed at the Last week of May 2022.


Detail circular under the banner of UFBOBU will be issued shortly. 


With  Greetings

Partha Mazumder

General Secretary

AICBBEA (BEFI)

Friday, April 15, 2022

 UNITED FORUM OF BANK UNIONS 

(AIBEA-AIBOC-NCBE-AIBOA-BEFI -INBEF-INBOC-NOBW-NOBO) 

 C/o. State Bank of India, LHO, Plot No.1, Sector  -17A, Chandigarh - 160 017 

 

LETTER No. UFBU/2022/2                                              Date: 15-04-2022 

 

Chairman, 

Indian Banks’ Association 

Mumbai 

 Dear Sir, 

 

Residual and pending issues – Our meeting with you on 13-4-2022 

 

We thank you for inviting our Unions for discussions on the residual and pending issues.


In the respective meetings with the Officers Associations (AIBOC, AIBOA, INBOC, NOBO) and Workman Unions (AIBEA, NCBE, NOBW, INBEF), we have brought to your attention the following important issues. 

1. Five Day Banking 

2. Updation of pension, improvement in pension scheme and other pension related issues. 

3. Clarifications/FAQs to be given to the Banks on various important issues like stagnation increment, fixation for Ex-servicemen employees.  

4. Issuing FAQ on issues referred by Banks regarding implementation of Bipartite Settlement/Joint Note dated 11-11-2020. 

5. Residual issues as listed in the minutes of discussions signed with Workman Unions on 10-12-2020 and with Officers Associations on 4-1-2021. 

6. Renewal of Group Medical Insurance Policy after discussions with the Unions on improvements.  Discussion to be held on ways and means to reduce the premium payable by retirees.


We thank you for your patient hearing of the issues raised by us and your assurance that IBA would address all these issues.  As pointed out by us during the discussion, these are important issues and have been pending for quite a long time.  Hence these issues need to be discussed and amicably resolved expeditiously.  Hence, we request you to arrange for further discussions on these issues so that the issues are resolved at the earliest in a time-bound manner.  

Thanking you, 

Yours comradely, 

SANJEEV K. BANDLISH 

Convenor 

  

Copy to:   Chief Executive, IBA / Sr. Advisor -HR&IR, IBA

Monday, January 31, 2022

 *D.A. increase:*

*For the period*

*Feb 2022 to Apr 2022*

*37 slabs @0.07% per slab, for serving employees.*

**********************

*For Retirees:*

*+74 slabs for the period*

*Feb 2022 to July 2022.*

*% per slab and total % will be according to date of retirement.*

*Detailed Table attached*




Friday, January 21, 2022

 Bankers need not have heartburn, LIC staff deserved better pay: AIIEA

IANS | Chennai | Last Updated at January 20 2022 19:54 IST


Topics

Life Insurance Corporation | Banking sector


The employees of one of the world's largest life insurance companies, the Life Insurance Corporation of India (LIC), deserved a good wage revision based on their performance and they got it, said a top leader of All India Insurance Employees Association (AIIEA).


Anybody can tell the bankers that LIC is on a sound financial footing as compared to public sector banks. In spite of the competition, LIC's management expense ratio is by far the lowest in the industry. So, the LIC employees deserves a good pay package," Shreekant Mishra, General Secretary, All India Insurance Employees Association (AIIEA), told IANS.



 

The AIIEA is a major union in LIC and also has a decent presence in the government-owned general insurance companies.


Mishra was responding to comments made by the General Secretary of All India Bank Officers Association (AIBOA), S. Nagarajan, that LIC employees got favourable treatment so that the Central government can dilute a small portion of its stake in LIC through an initial public offer (IPO).


The bankers seem to suffer from heartburn or indigestion with the wage revision agreement signed by the unions in the LIC and the management, Mishra.


These include a hike in Dearness Allowance and a five-day working week for LIC's 1,35,000 employees, compared to the rest of the industry that is saddled with lower DA and alternate Saturdays offs.


In the last wage revision (April 2021), the LIC staffers were given a 0.08 per cent hike for every 4-point rise in DA calculation, although the banking industry is getting 0.07 per cent for every 4-point rise.


"This move by the Centre has created an imbalance in the entire banking and insurance sector with the LIC staffers being given a favourable treatment, ostensibly to rush through the LIC IPO without much objections from its employees," Nagarajan had said.


Continuing further Mishra said: "It is true there is heartburn in the banking industry as regards the wage settlement signed in the LIC. But this is not the way to express that."


The AIIEA has always maintained that wage revision of LIC employees should be based on the growth and prosperity of the institution. The growth of LIC has been phenomenal, Mishra said.


 "LIC's claims settlement records is by far the best in the industry. Per capita policy servicing by LIC employees is one of the highest in the world. Naturally, LIC employees deserved a good wage revision and they got it," he added.


According to Mishra, it is because of the uncompromising struggle of the AIIEA, backed by the policyholders and the people at large, that the privatisation of LIC has been stalled for three long decades. There is no parallel in the world where a trade union stalled a government policy for almost 27/28 years.


"The fact that changes to the LIC Act were made a part of the Finance Bill and no Bill was moved to amend the LIC Act speaks volumes about our campaign," Mishra said.


The AIIEA has called upon the employees to draw inspiration from their three-decade long struggle and intensify the agitation.


"Our units are in the midst of a campaign. We are in touch with other unions to expand unity against the IPO. We are planning to go for an industrial action on the day LIC IPO opens for subscription, to register our protest and forcefully display our determination to resist the government's policy on LIC," Mishra concluded.


(Venkatachari Jagannathan can be contacted at v.jagannathan@ians.in)


--IANS