RBI head must quit for havoc: 

Leader of bank officers’ union

D Thomas Franco, senior vice president of 

All India Bank Officers Confederation,

 says Urjit Patel morally responsible for causing crisis, 

deaths in country.

Written by Arun Janardhanan | Chennai | Updated: November 21, 2016 8:02 am

A TOP leader of India’s largest confederation of bank officers has called for the resignation of RBI governor Urjit Patel, whom he held responsible for causing “havoc” to the economy with the unprepared decision to demonetise currency.
D Thomas Franco, senior vice president, All India Bank Officers Confederation which represents over 2.5 lakh senior officers from all nationalised, old-generation private sector, cooperative and regional rural banks in India, told The Indian Express that it is the RBI governor who should take moral responsibility for the crisis and the deaths of people including 11 bank officers in the last 12 days.

Franco said the government could have taken lessons from other countries and from its own demonetisation drive in 1978, when then RBI governor I G Patel had advised the government against the move. “We all know that neither Prime Minister Narendra Modi nor Finance Minister Arun Jaitley is an economist,” Franco said. “We have economists in RBI to take the right decisions on matters relating to economy and people’s lives. The present governor has utterly failed in his role by taking a crucial economic decision without planning, which has brought havoc to the nation’s economy and lives of the majority.”

500 and 1000 rupees notes

Govt. of India has announced the last breath of Rs 500 & 1000 notes!

Whether this step will eradicate Black-money or not is to be discussed.

Definitely next 10 days will be a testing time for Bank Employees.

Keep your nerves cool.

General public will be in panic ,angry and with all his personal difficulties.

Think twice before uttering a word towards customers and general public.

Don't involve in illegal help to anybody in the name of customer service.

Ready thoroughly all the materials available about the scheme, system and procedure.
Be knowledgeable to reply all the question to be asked by customer.

Towards preparation of Charter of Demands for 11th Bipartite Wage Revision Settlement.

AIBEA : Towards preparation of Charter of Demands for 11th Bipartite Wage Revision Settlement.

CIRCULAR No. 27/176/2016/34                                 October 13, 2016

Dear Comrades,

¨   Towards preparation of Charter of Demands

   for 11^th Bipartite Wage Revision Settlement.

Units are aware that the current 10th Bipartite Settlement’s period will end by October, 2017 and the wage revision under 11^th Bipartite Settlement will become due from 1.11.2017. So far, even though we have been submitting the Charter of Demands earlier, there has always been delay in concluding the Settlement due to various hurdles during the course of negotiations. This has been creating avoidable anxieties and apprehensions in the minds of members and sometimes even leading to casting aspersions on unions as though the delay is deliberate.

Hence, expediting the Settlement in a time bound manner is very imperative. It is good that the Government has advised IBA/Banks to ensure that the wage revision process is initiated early and completed well before the expiry of the current settlement. We welcome this guideline of the Government.

Mandate to IBA:

Based on this guideline, already Banks have started giving mandate to IBA with the approval of their Board. Vijaya Bank, Corporation Bank, etc.  have already given their mandate to IBA.  Few more Banks are in the pipeline.  Our All India Bank-wise Unions are requested to take up the matter with their management for giving mandate to IBA to discuss and finlaise the next wage settlement on their behalf.

Preparation of Charter of Demands:

AIBEA has already set up its Sub-Committee with Com. Lalita Joshi (Joint Secretary of AIBEA) as its Convener for preparation of the Charter of Demands and submission to IBA well in time.  As in the past, we wish to invite suggestions from all our units so that the Charter of Demands reflects the aspirations of the membership and suggestions of our unions.

All our units are requested to discuss the issue at their respective level and submit their suggestions regarding the following aspects:

• New Pay Scales,
• Improvement in DA and other Allowances,
• Leave and holidays,
• Health cover,
• Other service conditions and benefits,
• Duties and responsibilities,
• Disciplinary procedure,
• Improvement in retirement benefits, etc. etc.

All suggestions from our units should be sent to us as under:

                Charter of Demands Sub-Committee,

                All India Bank Employees’ Association,

                Prabhat Niwas, Singapore Plaza Building,

                164, Linghi Chetty Street, Chennai – 600 001

                E mail :      chv.aibea@gmail.com / aibeahq@gmail.com

                Fax  :                044 – 2535 8853 / 4500 2191

Send your suggestions before 15^th November, 2016:  The suggestions, neatly typed, should be sent to us not later than 15^th November, 2016.

Thereafter, these suggestions will be discussed by the Sub-Committee and their recommendations will be considered by the Central Committee of AIBEA for finalization and it would be presented in the ensuing Conference of AIBEA before submission to IBA.

With greetings,

                                                                        Yours Comradely,

Medical Insurance Policy for Retired Employees!

Changed Terms and Conditions in Medical Insurance Policy for Retired Employees.
Circular issued by Andra Bank.
(Common for all Banks)

7th year!

Comrades!

My Blog completed 6 years and entering into the 7th year.

All these years we have deliberated several issues relating to Bank Employees's Service conditions.

It covered two Bi-bipartite Settlements period.

We confronted on several occasions.

But, that makes the deliberations interesting.

Thank you ,  for your support and encouragement all through these years!