ALL INDIA BANK OFFICERS’ ASSOCIATION
Circular
No.6/VI/2015
February 23, 2015
Camp: MUMBAI
To:
ALL UNITS / STATE COMMITTEES
Dear Comrades,
WAGE
REVISION – 18TH ROUND.
TOTAL
QUANTUM CLINCHED.
A NEW
SERVICE CONDITION INTRODUCED.
4
DAYS STRIKE CALLED OFF.
In the background of C.L.C.(Central)
Delhi, counseling IBA and also representatives of the unions to get
back to the negotiation on 20.02.2015, in which Com.Alok Khare, Vice
Chairmen, Com.S.S.Shishodia, President and Com.Sanjay Khan Joint
Secretary AIBOA participated and at the CLC’s advice IBA invited the
unions for discussions on 23.02.2015.
To-day, a meeting was held at IBA office
at 11.30 am. Representatives of all the eleven unions participated in
the discussions.
2.
IBA
team was led by Shri.T.M.Bhasin,
Chairman IBA, Smt.Arundhati
Bhattacharya Chairman SBI,
Smt.V.R.Iyer,
Chairperson and Managing Director BOI,
Shri.Rajeev Rishi,CMD,CBI,
Shri.Ashwini Kumar,CMD
DB, Shri.Arun Tiwari
CMD UBI, Shri.Rakesh Sethi
CMD All Bank, Shri.Animesh
Chauhan MD&CEO OBC,Shri.Ashwini
Mehra DMD SBI
Shri.Shyam Srinivasan
CEO Federal Bank,
Shri.M.V.Tanksale CEO IBA,
Shri.K.Unnikrishnan
Dy CEO,IBA,
Shri.K.S.Chauhan besides
officials of HR department of IBA.
3.
While initiating the dialogue Shri.M.V.Tanksale
CEO IBA
expressed the progress made in the last 18 rounds and also the meetings
held with the subgroups with workmen and officers during this period.
Shri.Rajeev Rishi Chairman Negotiating Committee IBA, picked up the
thread from the last discussion held on 3.02.2015 and reiterated that
unions should come forward with the revised demand. Com.M.V.Murali,
Convenor UFBU presented in a pointed way the chronological progress of
the conduct of the negotiations and also the ‘U’ turn of IBA on
03.02.2015 vis a vis the assurance made on 19.01.2015 precipitating the
crisis.
4.
Shri.T.M.Bhasin, Chairman IBA quoting the details of the earlier
bipartite benefits, ultimately indicated the paying capacity of the
individual banks is the deciding factor, indicated failure at Industry
level to force a situation of individual bankwise settlement. He also
appealed to appreciate the present situation in Q3 performance of
various banks and realize the need to fold up the negotiation with the
offer of further 0.5% increase from 13% made on 03.02.2015 by
Shri,Rajeev Rishi, Chairman Negotiating Team IBA.
5.
Smt.A.Bhattacharya Chairman SBI in her pointed presentation
dealt the present position of Public Sector Banks vis a vis Private
Sector Banks, present capital infusion announcement of Rs 6990 crores by
Government of India and also to realize the need to finalise the
agreement keeping in mind the various serious developments having global
compulsions and also stipulations.
To get the priority reallocation of PSB employees at par with Central
government employees for the purpose of admission of the wards in
Kendriya Vidyalayas by her efforts was also shared in the meeting.
Smt.V.R.Iyer, too
supported the view points expressed by Chairman SBI and explained the
need to function as a team to keep PSBs in tact and not to allow the
Private sector banks to sneak in to capture the business from us..
6.
After protracted negotiations, ultimately the understandings
have been clinched which are as follows;
a.
Date of Effect 1.11.2012.
b.
b Total Increase of 15% in
Payslip components- amounting of Rs 4725 crores.
c.
c Construction of new
Basic Pay by merging 60.15% of D.A impact where of not to exceed 2% of
BP plus DA
amo
amounting Rs 597 cr.
d.
d 2nd and 4th
Saturdays will be holidays and other Saturdays will be full working
Days.
7.
Thus the exercise to construct new Basic Pay effective from
1.11.2012 has been initiated by sealing the agreement, with the first
step to clinch a new working condition in the era of Information and
Communication Technology explosion, quite nearer to our most important
demand of 5 day working.
8.
AIBOA
place on record the role played by
Com.D.Raja CPI MP
leading AIBEA –AIBOA delegation to
meet FM on 19/02/2015 and making
sincere efforts to break the deadlock in the Banking Industry avoiding
paralysis of the nerve centre of the economy in the last week of this
month., due to the proposed
4 days strike which now
stands called off
consequent to signing of MOU as above. Detailed Pay structures may now
be worked out with IBA in subsequent meetings besides discussions other
left out issues including of those pertaining to retirees.
9.
Comrades, while rejoicing this success of wage increase, let us
not be complacent in our efforts to protect our Public Sector character
of our Industry and also preserve the jobs and jobs security secured by
the founding fathers of our movement.
CONGRATS
!!! YOU ALL HAVE MADE IT TO HAPPEN.
Yours comradely,
S.NAGARAJAN.
GENERAL SECRETARY
