UNITED FORUM OF IDBI OFFICERS

AND EMPLOYEES

C/o IDBI Bank Ltd., IDBI Tower, Cuffe Parade, Mumbai-400 005

October 26, 2015

Dear Comrades,

C I R C U L A R

United Forum, vide its Circular dated 6.10.2015 had declared the “Programme of organizational action” in protest against the contemplated move of the Government of India to Privatise IDBI Bank Ltd by diluting its share-holding to below 51%. We congratulate you for participating the programme with commitment and full vigour. Unfortunately, press continues to report about Government’s intentions to privatize IDBI Bank Ltd. It has, therefor, now been decided to intensify our programme. The dates for implementation of the “Day-long Dharna Programme” and “One Day Nation-wide Strike Action” are as detailed below :

UFBU supports Strike in SBI Associate Banks

State Sector Bank Employees' Association (SSBEA) Circular on On-Going Agitation in the Associate Banks

SSBEA Circular No. SSBEA/GS/2015 dated 09-11-2015
SUB : ON THE ON GOING AGITATION IN THE ASSOCIATE BANKS.

We are given to understand that the Managements of Associate Banks at the instance of State Bank is putting up misleading information in the Nest by showing some tentative benefits which is likely to accrue on accepting Career Progression and also a letter by the Managing Director informing the employees that if any of them are coerced or threatened to sign a letter of Protest, the same should be brought to the knowledge of General Manager (HR). We have gone through the Notice to the Employees put up on the Nest as well as the Chart indicating the benefits that are likely to accrue on account of Career Progression. Not surprisingly the Managements have once again indulged in misleading our members. The following are the few such points where the Management has deliberately attempted to mislead our members.

1. A comparison is made only on the allowances drawn by the employees as per Bipartite Settlement and the tentative benefit that are likely to be accrued through Career Progression Scheme.. However, the duties and the Passing Powers have not been informed to the employees. It is left to anybody’s arithmetic knowledge that when we are getting Rs. 1930 as Special Allowance for passing Rs. 35000/- in cash and Rs. 1,50,000/- in Transfers, what will be the corresponding allowance that is to be paid for passing Rs. 2,00,000/- in Cash and Rs. 5,00,000/- in Transfers. Obviously the Allowance will be more than Rs. 7000/-.

IBPS IV 2nd batch

INDIAN BANK
Corpoarte Office,
HRM Department
Chennai 600 014

We are pleased to inform that 93 candidates as per Annexure-II of our
notification dated 02.10.2015 have been provisionally selected for
appointment as Clerk in the Bank subject to verification of original Credentialsat the time of reporting, i.e., on 30th November 2015 at Staff Training Centre, Vijayawada.

The provisional list is prepared at our end based on the scrutiny of the photo-copies of documents submitted by the candidates at the time of Interview.

The selection is purely provisional, subject to these candidates being found medically fit and submission of documentary evidence in original to the satisfaction of the Bank in respect of Age, Educational Qualification, Category/Caste and Disability at the time of joining the Bank, failing which the candidature will stand cancelled and the candidates will not be allowed to join the Bank.

Documents in respect of Category/Caste and Disability should be as per the formats prescribed by Government of India.

The reporting date for the candidates listed as per Annexure will be 30th
November 2015 at Staff Training Centre, Vijayawada, Andhra Pradesh. The Offers of Appointment containing the required formalities will be issued by the respective Zonal Managers to the candidates individually.

All concerned are notified that decision of the Bank in respect of all matters pertaining to this Recruitment would be final and binding on all the
candidates.

We wish the candidates a rewarding career in the Bank.

Chennai Deputy General Manager (HRM)
November 16, 2015

RBI Employees Strike over Centre Move on November 19
By Express News Service Published: 15th November 2015 06:02 AM Last Updated: 15th November 2015 06:02 AM

Email1
BHUBANESWAR: Around 17,000 employees of the Reserve Bank of India (RBI) have decided to launch cease-work on November 19 protesting the Central Government’s move to draft a financial code and legislative reforms.
As per reports, the Ministry of Finance is giving a final shape to shift Government’s debt management functions from RBI to the proposed Public Debt Management Agency (PDMA) which will function as depository of Government securities (G-Sec).
“The proposed PDMA would clip financial autonomy vested with the RBI which is relevant to the money market and affect fiscal federalism as well,” said secretary of Reserve Bank Employees’ Association (RBEA) PC Behera.
Over 400 employees of the Central bank in the State have informed RBI’s Bhubaneswar-based Regional Director for seeking mass casual leave to participate in the protest.
The RBI, by using its financial instruments, has been able to control Indian economy from crumbling during the global economic recessions of 2008 and 2011. “The Central bank has never surrendered to the Government pressure for lowering bank interest rates which would have severe impact on the national economy in the long run,” Behera added.
The bankers also opposed the proposed mechanism of the Central Government for setting up a Monetary Policy Committee (MPC) comprising seven members out of which three would be representatives from RBI. They have insisted that PDMA and MPC should be under a single authority.
For quite some time, the past Governments have been mounting pressure on RBI to mould its policies as populist ones. But the authorities of the bank have not agreed to the Centre’s proposal. Therefore, the current Government is virtually keen to take over the functions of RBI under the pretext of legislative reforms, a bank employee alleged.
The strike would hit a transaction of more than `1000 crore directly or indirectly in the State, source said.
Other demands raised by the employees are upgrading of pension and giving one more pension option for employees who are currently deprived of it in post-retirement.
Pension issue

The RBI staff members have also been pursuing the demand for improvement in pension, as their basic pension once fixed, does not increase.

Though the RBI’s pension scheme is similar to that of the Centre’s, RBI pensioners are not entitled to periodic revision in pension. Revised pension was granted to pre-2002 retirees by the RBI Central Board, but the government withdrew it unilaterally, Ghosh said.

Having failed to get an improved pension scheme despite peaceful ways of protest over the last eight years, the RBI staff and retirees are compelled to mobilise and prepare for a fight, he added.

Clarification on Med.Ins. Policy for Retired!

 IBA’s CIRCULAR
INDIAN BANKS’ ASSOCIATION

HR & INDUSTRIAL RELATIONS
No. CIR/HR&IR/2015-16/XBPS/J/1593
October 31, 2015

Chief Executives of Member Banks which are parties to the Bipartite Discussions

Dear Sir/Madam,

Implementation of Medical Insurance Scheme to Retirees as agreed vide Bipartite Settlement/Joint Note dated 25.5.2015

We refer to our Circular No.CIR / HR&IR / 2015-16 / XBPS / J /1413 dated 1.10.2015 advising member banks to obtain consent of retirees expeditiously and provide details to United India Insurance Company Ltd., (UIICL) and to make Group Medical Insurance Policy operational, preferably w.e.f. 1.11.2015. 

 We are informed that as on date, 13  banks have sent details of retirees and  have either paid the premium or are in the process of remitting the premium  and joined the Scheme w.e.f. 1.11.2015.
We have been receiving queries from banks, as to whether surviving spouse of the deceased employee (widow/widower) are eligible to join the Scheme. 

 We are to state that since insurance premium is to be paid by the retirees/surviving spouses of the deceased employees and UIICL has  agreed to include spouse of the deceased employee,

SWO-B allowance?

NOVEL WAY TO WELCOME THE NEW EMPLOYEES:
Two days ago, hundreds of new recruits have been appointed in State Bank of Travancore, a premier public sector bank in our country. 
As per the Bipartite Settlement signed by IBA with AIBEA and as per the internal Settlement with the union in the Bank, all new recruits in clerical cadre in the Bank are to be appointed as Single Window Operator-B with a Special Pay of Rs. 820 along with Basic pay and other pay components.
But management has appointed them with the designation Junior
Associate (Customer Support & Sales) with a Special Pay of Rs.330 in violation of the Settlement. 
Thus, the new recruits were welcome with lesser emoluments than what is provided in the Settlement.
Further, again in violation of Awards and Settlements, the new
employees were informed in the appointment order that they can be terminated by the management anytime without giving any reason.
There was not a single word of welcoming these youngsters which
will encourage them, motivate them and make them feel at home.
Novel way of welcoming the new employees, indeed !
=> AIBEA NEWS BULLETIN
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As per Bi-partite settlement......
Only new recruits are to be paid 820 allowance or the all the existing clerks are eligible for 820 allowance? 
Do AIBEA does not know "only those whio are working in cash counters are paid SWO allowance" in all banks?