A blog for sharing of information and for a healthy discussion on Bank employees issues!! *Please send news related to Bank Employees and your Queries, to my e-mail email@example.com* Follow me on facebook http://www.facebook.com/indianbankkumar
Friday, December 30, 2022
Saturday, December 17, 2022
Monday, December 12, 2022
Saturday, November 26, 2022
Friday, November 18, 2022
Saturday, November 5, 2022
BEFI Charter of Demand 12 BPS
Click the following link to read...
BEFI Charter of Demand 12 BPS
Tuesday, November 1, 2022
Monday, October 31, 2022
D.A rate from
November 2022 to January 2023:
Total Slabs: 556
(No change for Pensioners)
Sunday, October 16, 2022
Friday, October 14, 2022
It is good to know active and meaningful discussion is going on for 5 day Banking.
Now award staff unions gave their proposal on 5 day banking.
We have to wait for officer's unions proposal.
Apart from this, IBA will consult with other stake holders i.e Govt. and Customer bodies like FICCI etc.,
It will take some time to finalise the terms and implement.
Hope for the best and earliest implementation.
In the meantime various views emerge from employees about
1. Increase of working hours
2. Prefix or suffix the increased working hour.
3. Allocation of hours for Cash transactions and non cash transactions. etc,
Regarding working hours:
Total days in a year is = 364
Monday to Friday 260 days
Saturdays. 52 days
Sundays. 52 days
Up to May 2015:
Mon. To Fri.= 260×6.5 hr per day
Saturdays = 52×4 hr per day
= 208 hr
Total = 1898 hrs.
After May 2015:
Mon. To Fri.= 260×6.5 hr per day
Saturdays = (52-24)=28×6.5 hr per day
= 182 hr
Total = 1872 hrs.
As per present proposal:
Mon. to Fri. = 260×7 hr per day
= 1820 hrs.
As per above facts, I think opposing increase in working hours may not be correct.
Regarding suffixing half an hour, Unions think Female comrades will find it difficult to reach home lately.
Allocation of hours for Cash/non cash transaction may be finalised after getting IBA/Customer views.
Finally, I remind you that the subject is in preliminary stage.
We have to overcome hurdles posed by Industry/Business lobby and Govt. of India.
At last a ray of light is visible after a long dark tunnel, that is good sign.
Thursday, October 13, 2022
Saturday, September 24, 2022
IBAs Health Insurance Premium for Retirees for the year 2022-23
(Rate includes GST)
(Circular issued by one of the PSBs)
*Bank Karmachari Sena*
*Meeting with IBA*
On Friday 23 Sept, 2022 Meeting took place between Trade Unions and IBA at IBA office, Cuffe Parade, Mumbai.
I personally attended the Meeting on behalf of BKSM.
1) FIVE DAY BANKING by declaring remaining Saturdays as holidays.
By declaring additional two Saturdays as Holidays per employee working hour loss will be 13 hours (6.30 hours per day × 2. In minutes it comes to 13 hours × 60 minutes per hour = 780 minutes per month.
Total working days in a month are 22 days. (30 day month - (4 Sundays + 4 Saturdays).
780 minute loss can be compensated by working extra on each working day (780 ÷ 22 = 35 minutes) for 35 minutes.
Thus each working day to start 35 minutes earlier. Because if closing time is extended by these 35 minutes, then there will be travelling problems, women will have to work extra till late evening. So better start day earlier.
To this effect Unions may deliver a willingness letter to IBA. Then IBA to recommend five day week to Finance Ministry.
2) DA : Shifting to Index Series 2016 = 100 from 1960 = 100.
May be implemented in near future.
3) Staff Welfare Fund : Allotment to be based on Operating Profit.
Proposal is already with Finance Ministry. IBA to send reminder.
4) Conveyance Allowance to be revised for physically challenged as agreed during XI th BPS.
IBA to send reminder to Finance Ministry for it's nod.
5) Special Allowance to be paid to Award staff in North East/ Sikkim on same lines as being paid by Central/ State Govt, LIC, RBI etc.
Such proposal of same allowance to Officers & Workmen was sent to Finance Ministry in 2015. IBA to seek DFS guidelines once again.
6) Special Compensatory Allowance : North East/ J & K, HP
Same discussion and outcome as that given in point 5 above.
7) FAQ/ Clarifications on Fitment of Ex - Servicemen Employees, stagnation increment etc.
In this regard Home Ministry has issued guidelines which were conveyed to Banks through DFS. Accordingly Salary once paid should not be recovered back. Court case too is pending.
Bipartite Settlement is already signed and implemented long ago.
IBA trying to find out ways.
8) Full pension to be given for 20 year's service instead of present 33 years.
Proposal already with DFS.
Only discussions. But they were healthy and positive. No decision emerged.
*Bank Karmachari Sena Mahasangh Zindabad !*
Thursday, September 15, 2022
Saturday, July 30, 2022
D.A. Increase for in service employees:
For Aug 2022 to Oct 2022:
+54 slabs (3.78%)
Total 526 slabs (36.82%)
For Aug 2022 to Jan 2023
Total 526 slabs.
Percentage of increase will vary with date of retirement.
(11th BPS 0.07%
10th BPS 0.10%
9th BPS 0.15%
8th BPS. 0.0.18% per slab)
Friday, July 8, 2022
Sunday, July 3, 2022
Thursday, June 23, 2022
Saturday, June 18, 2022
Thursday, June 9, 2022
Saturday, May 21, 2022
Merger of govt-owned lenders weakening banking system, says study
Friday, May 13, 2022
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.
Friday, April 29, 2022
Monday, April 18, 2022
Friday, April 15, 2022
UNITED FORUM OF BANK UNIONS
C/o. State Bank of India, LHO, Plot No.1, Sector -17A, Chandigarh - 160 017
LETTER No. UFBU/2022/2 Date: 15-04-2022
Indian Banks’ Association
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.
SANJEEV K. BANDLISH
Copy to: Chief Executive, IBA / Sr. Advisor -HR&IR, IBA
Thursday, March 31, 2022
Fitment chart from 10th BPS to 11th BPS on promotion w.e.from 01.11.2017.
Monday, January 31, 2022
*For the period*
*Feb 2022 to Apr 2022*
*37 slabs @0.07% per slab, for serving employees.*
*+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
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 firstname.lastname@example.org)