DETAILS OF TALKS /10th B.P.S Dt.14.12.2013

 Full text of Circular No. UFBU/2013/11, dated 14.12.2013,
 issued by United Forum of Bank Unions
----------------------------------------------------------------------------------- 
 “Further to the call given by UFBU for All India Strike on 18th December, 2013, 
IBA held discussions with UFBU today in Mumbai. IBA was represented by Mr. T 
M Bhasin, Chairman of the Negotiating Committee, Mr. M V Tanksale, the newly 
appointed Chief Executive of IBA and other members of the Negotiating 
Committee. From UFBU, representatives of all our constituent unions were 
present. 

From the IBA, it was stated that looking to the stress on the profitability

OFFICERS FITMENT ON PROMOTION!

REPOSTED WITH CLARIFICATION ON REEADERS' REQUEST!

Officers’ Service Regulations – Fitment on promotion from one Scale to a higher Scale Procedure for Fitment of pay of officers on promotion from one scale to another.

1.   At the time of fitment of an officer on promotion to the higher scale of pay, the number of increment he would have/had earned i.e., one increment each for passing JAIIB/CAIIB Examination, as the case may be, shall be first reduced from the existing pay of the concerned officer prior to his fitment in the higher scale of pay on promotion. If, however, the officer is at the maximum of the scale, the following procedure should be adopted:

(i)      If the stagnation at the maximum of the scale is less than one year, the officer would not be drawing any Professional Qualification Pay. Then the number of increments i.e., one increment for JAIIB/CAIIB, as the case may be, included in his Basic Pay shall be reduced in the existing scale.

(ii)     If the stagnation at the maximum of the scale is for a year or more but for less than 2 years, the officer would be drawing a Professional Qualification Pay of Rs 410/- p.m. In such cases, if he had passed both JAIIB/CAIIB before the date of promotion, then one increment shall be reduced in the existing scale. If, however, such Professional Qualification Pay of Rs 410/- p.m. is for JAIIB only, then no increment need be reduced from the existing scale.

2.   If the stagnation at the maximum of the scale is for 2 year or more, the officer who has passed both JAIIB/CAIIB before the date of promotion, would be drawing a Professional Qualification Pay of Rs 1030/- p.m. In this case, there would be no scope for reducing the increments for JAIIB/CAIIB as even without CAIIB increments the officer would be at the maximum of the scale.

Note: The purpose of the above exercise is to determine as to what stage of scale of pay the officer would have been, had he not been granted increments for passing JAIIB/CAIIB.

LIST OF SOME TOP BANK LOAN DEFAULTERS IN PUBLIC SECTOR BANKS

PRESS RELEASE                                                                   5-12-2013

                                                                                           

                                                                                        Place:…………….

                      

 5^th December, 2013 – All India Demands Day

Ø  Against alarming increase in bad loans in Banks

Ø  Opposing the corporate loot of public money

Ø  Demanding stringent measures to recover the bad loans

Ø  TO STOP THE LOOT OF PUBLIC MONEY AND START RECOVERY OF BAD LOANS

Ø  TO KICK OUT BAD LOANS BEFORE THEY KILL THE BANKS

All India Bank Employees Association, the oldest and the largest trade union of bank employees in India representing more than 5 lacs of bank employees working in public sector banks, private banks, foreign banks, co-operative Banks and Regional Rural Banks is observing 5^th December, 2013 as All India Demands Day to highlight the issue of huge increase in the bad loans in the Banks.

Increasing bad loans – effect of banking reforms:  Banks are dealing with the hard-earned savings of the people and today, the total Deposits in the Banks in India have crossed Rs. 75 lacs crores.  This precious money of the people needs to be safeguarded and guaranteed by proper regulations in the Banks.  But the in the name of reforms and liberalisation, banking regulations are being de-regulated.  One of the main adverse effect of this de-regulation is the increase in bad loans in the Banks where the big borrowers take loans from the Banks and do not repay. 

FITMENT FROM CLERK TO OFFICER!

REPOSTED AS PER READERS REQUEST!

 

HR & INDUSTRIAL RELATIONS

No.CIR/HR&IR/76/582/2011-12/2998

April 25, 2011

Designated Officers of Member Banks which are

parties to Bipartite Settlement

Dear Sirs,

Fitment formula on promotion from  Clerical  to  Officer cadre

We invite reference to our circular No. PD/CIR/76/582/565 dated 12.8.2006 enclosing the formula for giving fitment to clerical staff on promotion to officer cadre. Consequent upon the revision of the pay scales and allowances for workmen staff under the Ninth Bipartite Settlement as also for officers under the Officers’ Service Regulations w.e.f. 1.11.2007, a review of the existing fitment formula had become necessary.

The matter was considered by the Personnel Committee of IBA at its meeting held on 25^th March 2011 and Managing Committee of IBA at its meeting held on 29^th March 2011.  The Committees have approved the continuation of the 2006 model, as adapted to the current pay scales, for fitment of clerical staff on promotion to officer cadre in JMG Scale I on or after 1.11.2007. The new fitment formula with related guidelines is enclosed in Annexure.

MORCHA TO PARLIAMENT ON 12.12.2013

CONVENTION OF CENTRAL TRADE UNIONS
CLARION CALL FOR MORCHA TO PARLIAMENT ON 12.12.2013
MOBILISE AND JOIN IN LARGE NUMBERS
*****************************************
Members have already been informed of the decisions taken in the
Convention of all the Central Trade Unions and various other independent trade
unions that was held in Delhi on 6th August, 2013, to which UFBU was also
invited and the representatives of all the constituent unions particiapted.
Members are also aware that a clarion call was given from the Convention to
organise a massive morcha to Parliament on 12th December, 2013 to focus the
following 10 point charter of demands:
• Concrete measures to contain price rise;
• Concrete measures for employment generation;
• Strict enforcement of labour laws;
• Universal social security cover for organized and unorganized workers and
creation of National Social Security Fund;
• Stoppage of disinvestment in Central and State PSUs / Undertakings;
• No Contractorisation of work of permanent / perennial nature and
payment of wages and benefits to the contract workers at the same rate
as available to the regular workers of the industry / establishment;
• Amendment of Minimum Wages Act to ensure universal coverage
irrespective of the schedules and fixation of statutory minimum wage at
not less than Rs.10, 000/- linked with cost price index;
• Remove all ceilings on payment and eligibility of Bonus, Provident Fund;
Increase the quantum of gratuity;
• Assured Pension for all;
• Compulsory registration of trade unions within a period of 45 days and
immediate ratification of the ILO Conventions Nos. 87 and 98.

Pension option to Resignees/VRS News!!

Pension option to Resignees/VRS News!!

It is almost certain that all bank employees(opted for P.F in 1995) who resigned thereafter is going to get 2^nd pension option. Yes, read the following

12.11.2013: Punch No.3

High court of Karnataka on 25.,10.2013 dismissed the REVIEW petition by Vijaya Bank on the above subject.

PREVIOUS INFORMATIONS:

Health Insurance Scheme:

Discussion Paper on proposed Health Insurance Scheme:

IBA’s proposal of Health Insurance Scheme in lieu of existing Hospitalisation Expenses Reimbursement Scheme.

As you are aware, presently, under our Bipartite Settlement, hospitalisation expenses are reimbursed upto 100% for employees and 75% for eligible family members as per the prescribed schedule of charges. In our Charter of Demands for the 10^th Bipartite Settlement, we have demanded for improvements in the scheme to cover 100% of the expenses for self and family without any restrictions.  In response to our demand, in the last round of discussions, IBA proposed introduction of Health Insurance Scheme in lieu of the existing reimbursement scheme.

The broad sketch of the proposed scheme is as under:

Ø  100% reimbursement or cashless settlement of hospital bills for self and dependent family members with the following ceiling:

Officers       :        Rs. 4,00,000 per year

Clerks         :        Rs. 3,00,000 per year

Sub-staff    :        Rs. 2,00,000 per year