CIRCULAR TO UNITS & MEMBERS 09.10.2017
Dear Comrades,
We are happy to inform you iba agreed with our 5days banking demand and will effect from 01/11/17.
In this round of discussionss, various issues were taken up e.g.Pension benefit to employees inflicted with voluntary cessation of service, Right to represent against orders of voluntary cessation, Compensation to employees transferred out on deployment, Improvements in rates for shifting goods while on transfer, Bonus for all employees, Fitment and fixation of Ex-Servicemen employees on joining the Banks, increase in Conveyance Allowance to Physically challenged employees, Improvement in definition of family for LFC, Medical insurance scheme, Revision in income criteria ceiling on definition of dependent, Improvements in staff loans, Festival advance, Introduction of petrol cost reimbursement scheme, etc.
Tentative understandings have been worked out on some of these issues and the same need to be further discussed. On some of the issues, IBA was not favourably inclined. it was decided that the next round of discussions will be held on 24.10.2017 to continue the talks.
Since our wage revision is due from 01.11.2017 and keeping the assurance of the IBA to complete the wage revision process expeditiously, we insisted that the Full Negotiating Committee meeting of IBA should be convened immediately wherein important issues like our demand for increase in Wages, DA merger point, Increase in allowances and all other issues involving financial impact.
IBA agreed that this meeting would be held by the end of this month.
With greetings Sd.. C.H. Venkatachalam/AIBEA S.K Bandlish /NCBE
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