PRESS RELEASE 12.07.2016

All India Bank Strike on 29th July, 2016
By 10 lacs Bank Employees and Officers.

At the call of United Forum of Bank Unions
Against Central Government's retrograde banking reforms

At the call of UNITED FORUM OF BANK UNIONS consisting of 9 trade unions of bank employees and bank officers ( AIBEA , AIBOC, NCBE, AIBOA, BEFI, INBEF, INBOC, NOBW, NOBO), 10 lacs of bank employees and officers working in Public Sector Banks, old Private Banks, Regional Rural Banks, Foreign Banks and Co-operative Banks will observe One Day Protest Strike on 29th July, 2016 to oppose the anti-people banking reform policies of the Central Government.

Demands: Halt retrograde Banking Sector reforms

1. Do not privatise banks

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AIBEA, AIBOA & SSBEA : 12th and 13th July, 2016 Strike Deferrred.

URGENT/IMPORTANT

TO ALL UNITS AND MEMBERS OF AIBEA/AIBOA/SSBEA

IN VIEW OF DELHI HIGH COURT RESTRAINT ORDER, OUR STRIKE ON 12TH AND 13TH JULY STANDS DEFERRED -
CHV AIBEA
NAGARJAN AIBOA
KS KRISHNA SSBEA

7th Central Pay Commission Approved!

7th Pay Commission – Confederation and Railway Unions to proceed with Strike – All Staff Side Associations termed 7th Pay Commission implementation as Disappointing:

Confederation of Central Government Employees and Workers reported on Govt’s decision on 7th Pay Commission report, as follows

7th CPC – Government Rejected All the Modifications sought by NJCA

No increase in Minimum Pay and Fitment Formula

Hold Protest Demonstrations and Rally in front of all Offices and at all import centres

NJCA will meet at 04:00 PM on 30th June 2016 to decide future course of action. Continue in full swing mobilization for indefinite strike from 11th July 2016.

M. Krishnan

Secretary General

Confederation
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Cabinet approves Implementation of the recommendations of 7th Central Pay Commission

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the implementation of the recommendations of 7th Central Pay Commission (CPC) on pay and pensionary benefits. It will come into effect from 01.01.2016.

In the past, the employees had to wait for 19 months for the implementation of the Commission’s recommendations at the time of 5th CPC, and for 32 months at the time of implementation of 6th CPC. However, this time, 7th CPC recommendations are being implemented within 6 months from the due date.

The Cabinet has also decided that arrears of pay and pensionary benefits will be paid during the current financial year (2016-17) itself, unlike in the past when parts of arrears were paid in the next financial year.

The recommendations will benefit over 1 crore employees. This includes over 47 lakh central government employees and 53 lakh pensioners, of which 14 lakh employees and 18 lakh pensioners are from the defence forces.

Highlights:

1. The present system of Pay Bands and Grade Pay has been dispensed with and a new Pay Matrix as recommended by the Commission has been approved. The status of the employee, hitherto determined by grade pay, will now be determined by the level in the Pay Matrix. Separate Pay Matrices have been drawn up for Civilians, Defence Personnel and for Military Nursing Service. The principle and rationale behind these matrices are the same.

attack on Bank staff!

Economic Times News:
: Shiv Sena leader slaps, abuses bank employee in Maharashtra
Praveen Shinde, who is a Zila Parishad member, and his friends thrashed a Central Bank of India staff in Yavatmal district of Maharashtra.

Mayuresh Ganapatye | Posted by Shashank Shantanu
Mumbai, June 16, 2016 | UPDATED 22:5

In yet another incident showcasing Shiv Sena's hooliganism, a local leader was caught on camera slapping and abusing a bank employee in Yavatmal district of Maharashtra.
The video released by ANI shows, Praveen Shinde, who is a Zila Parishad member, and his friends thrashing and abusing a staff of the Central Bank of India. The incident took place on Wednesday (June 15).
Shinde is seen talking to the employee and then suddenly slapping him. One of Shinde's associates then showered a series of slaps on the employee who is seen evading the attack.
A senior bank staff, who is seated nearby, is seen trying to prevent the Sena men from attacking his staff.
In February, a Siv Sena

No merger now!

BUSINESS STANDARD DT.23.06.2016

Only SBI consolidation in FY17, says FinMin

Amid speculation over mergers of smaller public sector banks with five to six larger ones, finance ministry officials on Wednesday said only consolidation of State Bank of India (SBI) with its associates and Bharatiya Mahila Bank (BMB) would happen this year.

"There are no talks of mergers of any other banks besides that of SBI during this financial year, as it will involve getting trade unions on board. So we cannot give timelines on more mergers yet. But they will happen in due course. It will have to be done in a fiscally prudent manner. Any consolidations besides that of SBI with the five subsidiaries are unlikely this year," said a senior government official.

Indian Bank denies merger with PNB

Indian Bank denies merger with PNB
2016-06-24 23:13:05 AA

Recently, there was news that Oriental Bank of Commerce, Allahabad Bank, Corporation Bank and Indian Bank merging with PNB, will form a better balance sheet. "We have not heard that at all. May be a WhatsApp message is getting circulated. At present, there is nothing as far as our knowledge goes,” Indian Bank Executive Director A S Rajeev told Deccan Herald.

Rajeev said, "Our capital adequacy ratio (CAR) is the best in the industry for the past four years, which is 13.20% and tier I capital is 12.08%. We are a very well-capitalised bank. We don’t require any capital at all. We have enough headroom available for growth.” CAR, also known as Capital to Risk (Weighted) Assets Ratio (CRAR), is the ratio of a bank’s capital to its risk.

At present, the government holds 82% stake in Indian Bank. Rajeev was in the city to inaugurate specialised branches for retail and MSMEs. IND Retail will exclusively handle home loans, vehicle loans and mortgage loans and IND MSME will cater to the needs of MSMEs.

"We are targeting a growth of 25-30% this financial year through MSME segment. As of now, we have 33 specialised branches dedicated to MSME and we are planning to add 80 branches by March-end.”

For next quarter, the bank is purely concentrating on retail and MSME sector as corporate sector is a stressed area.