Indian Government Staff News - 7th Pay Commission Updates

Anomaly in computation of Pension – IBA Circular

by Leave a Comment

Anomaly in computation of Pension – IBA Circular

Anomaly in computation of Pension Civil Appeal No. 5525 of 2012, Filed in the Hon’ble Supreme Court of India by Bank of Baroda & Ors with other Civil Appeals.HR & INDUSTRIAL RELATIONS

HR & INDUSTRIAL RELATIONS

No.HR&IR/2018-19/G2/4829
April 6, 2018

Chief Executives of Member Banks which
Are parties to the 7th Bipartite Settlement

Dear Sir/Madam,

CORRIGENDUM

Anomaly in computation of Pension Civil Appeal No. 5525 of 2012, Filed in the Hon’ble Supreme Court of India by Bank of Baroda & Ors with other Civil Appeals.

Please refer to our circular No. HR&IR/2018-19/G2/4786 dated 3rd April 2018 on the captioned subject.

2. There is a typographical error in the date mentioned in para (I) of the above circular. Kindly read as under-

“ On 29-10-1993, a Bi-partite Settlement was signed at Industry level between India Banks’ Association (representing member Banks) and Workmen Unions (representing Workmen) under the provisions of Industrial Dispute Act, 1947 for introduction of Pension as a second retiral benefit in lieu of “Banks contribution to Provident fund”. On similar lines a Joint Note dated 29-10-1993 between Indian Banks’ Association (representing member Banks) and Officers Association (representing Officers) was signed”.

Inconvenience caused is regretted.

Yours faithfully,

B Raj Kumar
Deputy Chief Executive

View Circular

Authority: http://www.iba.org.in/

Banks to remain open till 8 pm on 31.3.2018 – RBI Circular

by Leave a Comment

Banks to remain open till 8 pm on 31.3.2018 – RBI Circular

“All agency banks should keep the counters of their designated branches conducting government banking open for government transactions up to 8.00 p.m. on March 31, 2018”

Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2017-18)

RBI/2017-18/144
DGBA.GBD.No.2388/42.01.029/2017-18

March 27, 2018

All agency banks

Dear Sir / Madam

Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2017-18)

The Government of India has desired that all government transactions with banks for Financial Year 2017-18 must be accounted for within the same financial year and has requested that, as in previous years, certain special arrangements be made for this purpose. Accordingly, all agency banks should keep the counters of their designated branches conducting government banking open for government transactions up to 8.00 p.m. on March 31, 2018. All electronic transactions, including RTGS and NEFT, will continue till midnight on March 31, 2018. Banks may give adequate publicity to the special arrangements made.

Yours faithfully

(Partha Choudhuri)
General Manager

View order

Authority: www.rbi.org.in

2nd Option of Pension for Compulsorily Retired Officers/Employees

by Leave a Comment

2nd Option of Pension for Compulsorily Retired Officers/Employees

Indian Banks’ Association

HR & INDUSTRIAL RELATIONS

No.HR&IR&HR/CIR/G2/BRK/4684

March 16, 2018

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

Dear Sir/Madam,

2nd Option of Pension for Compulsorily Retired Officers/Employees

The United Forum of Bank Unions (UFBU) representing workmen and officers in Banks were requesting to allow another option to those Who were in the service Of the Banks prior to 29th September, 1995 in case of Nationalized Banks / 26th March, 1996 in case of Associate Banks of State Bank of India and continued in service on or after that date and did not opt for pension when offered as per the scheme.

2. After holding various rounds of discussions in the matter, consensus was arrived at between the parties and a Bipartite Settlement/Joint Note was signed on 27.4.2010 to extend another option of pension to those Workmen / Offcers who:-

(a) were in the service of the Bank prior to 29th September, 1995 in case of the Nationalised Banks/26th March, 1996 in case of Associate Banks of State Bank of India and continue in service of the Bank on the date of signing above mentioned Bipartite Settlement/Joint Note;

(b) exercise an option in writing within 60 days from the date of offer, to become a member of the Pension Fund and

(c) authorise the Trust of the Provident Fund of the Bank to transfer the entire contribution of the Bank along with interest accrued thereon to the credit of the Pension Fund. In addition, the individual employee/officer has to pay @ 2.8 times of the revised pay for the month of November 2007.

(d) were in service of the Bank prior to 29th September 1995 in case of Nationalised Banks /26th March 1996 in case of Associate Banks of State Bank of India and retired after date and prior to the date of above mentioned Bipartite Settlement/Joint Note i.e. 27.04.2010;

(e) exercise an option in writing within 60 days from the date or offer to become a member of the pension fund and,

(f) refund within 30 days after expiry of the said period Of 60 days, the entire amount Of the Bank’s contribution to the Provident Fund and interest accrued thereon received by the employee/officer on retirement together with the payment over and above the said amount at 56% of the amount.

3. Families of above mentioned employees officers were also made eligible for said option subject to refund of Bank’s contribution to the Provident Fund received by them as mentioned in point (f) above.

4. 2nd option of Pension was, however, not made available to the employees/officers who were compulsorily retired by the Bank. As such, some of these aggrieved employees/officers approached different Hon’ble High Courts seeking relief in the matter. Various Hon’ble High Courts viz Andhra, Madras, Madhya Pradesh, Punjab & Haryana and Patna have ruled in favour of the employees\officers who were compulsorily retired. However Hon’ble Delhi High Court has taken a contrary view on the technical ground.

5. The matter was placed before the Standing Committee on HR of IBA in its meeting held on 07.12.2017. Aner deliberations, the committee recommended to place the matter before the Managing Committee of IBA. Accordingly. the matter was put up to the Managing Committee of IBA in its meeting held on 29.12.2017. The committee advised to seek legal opinion on the judgements as to whether 2nd option of pension may be allowed to all ex-officers/ex-employees who were compulsorily retired from Bank’s service between 29.09.1995 to 27.04.2010 or only selectively to those who approached the Bank for the same.

6. The legal opinion from Shri S.D.Kelkar, Senior Partner, Kelkar & Associates whose services have been engaged in IBA as retainer, Was obtained in the matter, His opinion is as under:

“Having considered the decisions rendered by the Hon’ble High Courts of Andhra Pradesh, Madras, Madhya Pradesh, Punjab & Haryana, Patna which have ruled in favour of the employees/officers who were compulsorily retired way way of punishment/ on the ground that they are covered by the Joint Note as well as decision of the Hon’ble Delhi High Court which has laken a contrary view on the technical ground and the fact that SLPs preferred against the Jndgments of the High Courts which had ruled in favour of the employees were dismissed though such dismissal cannot be considered as law laid down by the SC., we are of the considered view the banks are bound to give 2nd option to all the employees/ officers who were compulsorily retired and who fall within the ambit of the Joint Note to exercise option for the following reasons:-

The Joint Note does not distinguish between voluntary retirement, superannuation, premature relirement, compulsory retirement.

Even the employees/ officers who are compulsorily retired by way of punishment are eligible for pension under the pension regulations.

Banks being “State” within the ambit of Article 12 of the Constitution of India should act in a fair and reasonable manner and should not restrict it only those who demand it. Such stand, if any, adopted by the banks may invite strictures from Courts’.

7. The views of the Legal Retainer of IBA were placed before the Managing Committee of IBA in its meeting held on 25.01.2018. The committee after deliberation concurred with the legal opinion placed before it and advised to inform all PSBs accordingly. The exact modus operandi of the extension of 2nd option to compulsorily retired employees/officers was to be worked out in discussions with GMs (HR) of PSBs to decide on a uniform methodology which will stand scrutiny of court.

8. To work out the methodology in this regard, a meeting of the GMs (HR) was convened on 28.02.2018 at IBA. After detailed discussions, a consensus has been arrived at to extend the option of pension to compulsorily retired employees/officers on same terms & conditions as are mentioned in Bipartite Settlement/Joint Note dated 27.04.2010, As per the agreed terms & conditions of said Bipartite Settlement/Joint Note, Pension/Family Pension shall be payable with effect from 27th November, 2009, provided that employees/officers who are compulsorily retired after that date shall get pension from the respective dates of such retirement. Court cases, if any, in the matter may be withdrawn forthwith.

9. Please do the needful accordingly.

Yours faithfully,
sd/-
B Raj Kumar
Deputy Chief Executive

Click to view order

Authority: http://www.iba.org.in/

AIBEA Press Release – Condemn the Demand of ASSOCHAM to Pravatise Banks

by Leave a Comment

AIBEA Press Release – Condemn the Demand of ASSOCHAM to Pravatise Banks

ALL INDIA BANK EMPLOYEES ASSOCIATION
Central Office:”PRABHAT NIVAS” Regn. No.2037
Singapore Plaza, 164, Linghi Chetty Street, Chennai-600001
Phone: 2535 1522 Fax: 4500 2191, 2535 8853 Web:www.aibea.in
[email protected] & [email protected]

PRESS RELEASE

18-2-2018

By C.H. VENKATACHALAM, GEN SECRETARY, AIBEA

• We condemn the demand of ASSOCHAM to pravatise Banks
• Let them advise their members to repay the Bank loans
• Assocham should condemn Nirav Modi for his cheating the Banks

It is very strange and interesting that the Associated Chamber of Commerce, the mouthpiece of the industrialists and business houses has suggested privatization of banks in view of the recent fraud in PNB.

They have conveniently forgotten the track record of private banks in our country.

No. of Private Banks Failed, Amalgamated, ceased to function/transferred their liabilities and Assets, went into liquidation between 1948 and 1968

1948
45
1949
55
1950
45
1951
60
1952
31
1953
31
1954
27
1955
29
1956
28
1957
30
1958
28
1959
38
1960
26
1961
47
1962
33
1963
20
1964
82
1965
42
1966
17
1967
15
1968
7
In 20 years
736 private Banks

Private Banks put under moratorium in public interest due mismanagement and gone out of existence from 1969

1969
1.
Bank of Bihar
1970
2.
National Bank of Lahore
1971
3.
Eastern Bank
1974
4.
Krishnarao Baldeo Bank
1976
5.
Belgaum Bank
1985
6.
Lakshmi Commercial Bank
1986
7.
Miraj State Bank
1986
8.
Hindustan Commercial Bank
1990
9.
Traders Bank Ltd.
1990
10.
Bank of Tamilnad
1990
11.
Bank of Thanjavur
1991
12.
Parur Central bank
1991
13.
Purbanchal Bank
1993
14.
Bank of Karad Ltd
1995
15.
Kashinath Seth Bank
1997
16.
Punjab Co-operative Bank Ltd
1997
17.
Bari Doab Bank Ltd
1999
18.
Bareilly Bank Ltd.
1999
19.
20th Century Finance Corporation Ltd.
1999
20.
British Bank of Middle East
1999
21.
Sikkim Bank Limited
2000
22.
Times Bank Ltd
2001
23.
Bank of Madura
2002
24.
Benaras State Bank Ltd.
2003
25.
Nedungadi Bank Ltd
2004
26.
South Gujarat Local Area Bank
2004
27.
Bank Muscat SAOG
2004
28.
Global Trust Bank Ltd.
2006
29.
Bank of Punjab
2006
30.
Ganesh bank of Kurundwad
2006
31.
UFJ Bank Ltd
2007
32.
United Western Bank
2007
33.
Lord Krishna Bank
2007
34.
Sangli Bank
2007
35.
Bharat Overseas Bank
2008
36.
Centurion bank of Punjab
If private banks are really efficient, why these Banks were closed down and merged with others. Most of these banks were merged with public sector banks. PSBs have become the Neelakana Mahadev to swallow the poison of failure of many private banks and it is funny that Assocham is asking PSBs to be privatized now. We understand their greed but they cannot claim that private banks are more efficient.

Secondly, take the alarmingly increasing bad loans in Banks. Who are the delinquents and who are the defaulters? Are all of them not private companies, industrialists and corporate houses? 12 cases of NAPs have been referred to NCLT for insolvency and bankruptcy proceedings involving Rs. 253,000 crores. Who are they? Is it their efficiency? Should banks be privatized and handed over to these people?

In the PNB fraud, no doubt there is an unpardonable sin on part of those officials who have gone out of the way to favour Nirav Modi. But who has tempted them and influenced them? Is it not private corporate giant Nirav Modi? Take any major fraud in our country. One will see the hand of private corporates in it.

Let them not forget that bulk of the loans given by public sector banks are to private corporate houses. If public sector banks are not efficient, why do they avail these loans from PSBs and why have not taken such loans from private banks.

Devil should not quote scriptures. We feel to advice Assocham to ask the private sector corporate defaulters to repay the bank loans to the PSBs and condemn NIMO for the fraud he has committed on PNB.

C.H. VENKATACHALAM
GENERAL SECRETARY

Source: http://banknewskumar.blogspot.in/

Wage Negotiation: Negotiating Committee Meeting with Unions / Associations

by Leave a Comment

Wage Negotiation: Negotiating Committee Meeting with Unions / Associations

“Meeting of UFBU will be held on 23 Feb to discuss present Bkg. scenario & to formulate next course of action for wage settlement
A Meeting of UFBU will be held on 23rd February 2018 at “Tarak Illam”, Central Bank Union Building, Ameerjan Street, Off Choolaimedu High Road, Nungambakkam, Chennai to discuss the present banking scenario and to formulate next course of action in the matter of 11th Wage Negotiations.”

Indian Banks’ Association
HR & INDUSTRIAL RELATIONS

No. HR&IR/UFBU/XIBPS/4539

February 17, 2018

Shri Sanjeev K. Bandlish
Convenor
United Forum of Bank Unions (UFBU) & General Secretary
National Confederation of Bank Employees
C/o State Bank of India, LHO
Plot No.1, Sector-17A
Chandigarh- 160 017

Dear Sir,
Wage Negotiation: Negotiating Committee Meeting with Unions / Associations

We draw your kind attention to our letter no HR&IR/UFBU/XIBPS/4476 dated 7th February 2018 and advise that due to some unforeseen circumstances, it has been decided to postpone Negotiating Committee meeting with Unions/Associations scheduled to be held on 21st February 2018. Next date of said meeting will be advised to you in due course.

2. We regard for the inconvenience caused in this regard.

Yours faithfully,
K S Chauhan
Advisor (HR&IR)

Source: http://aipnbsf.org

All 14 Desings of Rs.10 Coins are legal tender – RBI Notification

by Leave a Comment

RBI reiterates legal tender status of ₹ 10 coins of different designs

It has come to the notice of the Reserve Bank that in certain places there is reluctance on part of traders and members of public to accept ₹ 10 coins due to suspicion about their genuineness.

It is clarified that the Reserve Bank puts into circulation, the coins minted by mints, which are under the Government of India. These coins have distinctive features to reflect various themes of economic, social and cultural values and are introduced from time to time.

As coins have longer life, coins of different designs and shapes circulate in the market at the same time. So far the Reserve Bank has issued ₹ 10 coins in 14 designs and the public has been informed of their distinctive features through Press Releases (list appended). All these coins are legal tender and can be accepted for transactions.

The Reserve Bank has in the past also issued a Press Release (November 20, 2016) requesting members of the public to continue to accept coins of ₹ 10 denomination as legal tender in all their transactions without any hesitation.

The Reserve Bank has also advised banks to accept coins for transactions and exchange at all their branches.

Authority: www.rbi.org.in

AIBEA & AIBOA : Joint Massive Signature Campaign

by Leave a Comment

AIBEA & AIBOA : Joint Massive Signature Campaign

SAVE BANKING INDUSTRY – JOINT SIGNATURE CAMPAIGN – TARGET ONE CRORE
ALL INDIA BANK OFFICERS’ ASSOCIATION

Circular No.1/VII/2018

January 8, 2018

To:
ALL UNITS / STATE COMMITTEES

Comrades,

SAVE BANKING INDUSTRY
JOINT SIGNATURE CAMPAIGN
TARGET – ONE CRORE

The present Government at the centre with the focussed approach is targeting the “main nerve centre” of economic activity of our Nation [ie] our Industry, to carry out their plan of actions. Some of them are – broadly;

1. INFUSION OF CAPITAL TO BANKS: The Government conceded our demand but they are attached the conditions of reforms [ie] consolidation through mergers etc.

2. RECOVER THE BAD LOANS THROUGH STRINGENT MEASURES: In order to silence the strong voice of the people at large, an amendment to Banking Regulation Act – “Insolvency and Bankruptcy code” was brought in. 12 top accounts amounting more than Rs.2,52,000 crores is pending before National Company Law Tribunal[NCLT] for adjudication.
Through the NCLT total money will not come back to the Banks but accommodation of the big defaulters would certainly take place.

3. ACCOMMODATION OF THE BAD LOAND DEFAULTERS AND PENALISE THE COMMON MAN / DEPOSITORS: The earning to a financial Institution is mainly through lending operations. When the bad loans are increasing, earnings are declining.
To cover the future loss, the exercise of provisioning is taking place. Small depositors are to be paid increased rate of interest, to encourage the savings. But the present position is not favourable to small investors. In the name of non-maintaining the minimum balance in the accounts, depositors are penalised by levying charges and the income earned through this method is more than the real banking transactions.

4. BRANCH EXPANSION IS THE NEED OF HOUR NOT BRANCH CLOSURE: We have proved that the favourite issue of “financial inclusion” has been brilliantly implemented by Bankmen across the country thereby nearly 21 crores of accounts have been added with a total deposit of over Rs.70000 crores. We need branch expansion to cater the requirements of the common people of this country. At this point of time, Government is seriously pursuing the issue of mergers of Banks. 5 Associate Banks mergers with SBI had already led to closure of 1000 branches . Further 200 to 300 branches, SBI is planning to close down.

5. WITHDRAW FRDI BILL: Untimely introduction of the bill by the present Government has kick started the flight of Bank deposits to mutual fund. Leading Bank- SBI- has released an advertisement in social media instigating the small investors to invest in mutual funds instead of savings, through Bank accounts. The “bail in” clause has created sufficient fear and loss of confidence in Public Sector Banks.

Comrades, our Joint signature campaign has to be actively pursued and hit the target of getting the common people involved in the noble tasks of “Saving the Banking Industry” thereby “saving the Nation”.
Plunge into vigorous campaign as the time at our disposal is too short and also precious.

Yours comradely,
sd/-
/S.NAGARAJAN/
GENERAL SECRETARY

Source: http://www.aiboa.org/

UFBU writes to Finance Minister regarding Gratuity Ceiling

by Leave a Comment

UFBU writes to Finance Minister regarding Gratuity Ceiling

UNITED FORUM OF BANK UNIONS
(AIBEA-AIBOC-NCBE-AIBOA-BEFI-INBEF-INBOC-NOBW-NOBO)
C/o, state Bank of India, LHO, Plot No-I, sector-17A. chandigarh – 160 017
Phone (office) : 172-4567142-4567042, 2702518 Fax-0172-2721716
Mobile-09417032548 [email protected]

K K NAIR
Chairman

SANJEEV K. BANDUSH
Convenor

UFBU/2017/08

Date : 08-12-2017

To
Shri Arun Jaitley
Hon. Minister for Finance,
Govt. Of India, 3rd Floor, Jeevan Deep Building,
Sansad Marg, New Delhi-110001.

Dear Sir,
You are well aware that we from the Bank unions have been demanding enhancement in the ceiling on the quantum of Gratuity payable under the Gratuity Act to Employees and Officers in the Banks. Ever since the limit was enhanced to Rs.20 Iacs from 01-01-2016 for the Government Employees and Officers, there has been a genuine aspriation and expectation that the limit should be increased for the banking sector also.

We learn that the amendment to the Act has been approved by the Cabinet also. Since the Winter Session of the Parliament is scheduled to commence shortly, we Shall thank you to introduce the Bill in the ensuing Session of the Parliament for enhancing the Gratuity ceiling to Rs.20 lacs w.e.f. 01-01-2016 so that the same can be approved by the Parliament accordingly.

We seek your special attention for doing the needful in this regard.

Thanking you, Sir,

Yours faithfully,
sd/-
(SANJEEV BANDLISH)
CONVENOR

Source: http://banknewskumar.blogspot.in/

UFBU MEETING HELD ON 13.11.2017 – AIBEA Circular

by Leave a Comment

UFBU MEETING HELD ON 13.11.2017 – AIBEA Circular

UFBU MEETING HELD ON 13-11-2017

UFBU meeting was held in Mumbai in AIBEA Office on 13-11-2017. Com.K.K. Nair, Chairman of UFBU presided over the meeting.

1.Increasing attacks on banking sector: The meeting conveyed its appreciation to all units and members for the massive participation in the Morcha to Parliament programme on 15-9-2017. The meeting noted that Government is planning to further go ahead with their banking reform measures and hence decided that our campaign and struggle should be continued and intensified. While reiterating the decision to launch strike actions if the Government would take any adverse decisions, the meeting decided that State-level campaign should be undertaken to explain all these attacks to our grass-root level members and also to the general public. It was also decided to undertake mass signature campaign for submitting the Petition to Speaker of the Lok Sabha. Details of this programme along with the copy of the Petition will be sent to units shortly.

2. Wage Revision: The meeting took note of the details of the discussions held so far by the IBA with the Workman Unions/Officers Associations. The meeting noted that while some rounds of discussions have taken place on non-financial demands, the IBA was yet to come out to make their initial offer although it is six months since the formal negotiations have begun. Hence it was decided to take up the matter with IBA to immediately hold the meeting of the Negotiating Committee and to make their offer. It was also decided that UFBU representatives shall meet the top management of the Banks who have given restricted mandate for officers to the IBA.

3. Extend support to Two Days Strike in Regional Rural Banks: United Forum of RRB Unions has given a call for two days strike on 11th and 12th December, 2017 on their demands like opposition to privatization of RRBs, extension of PF-Pension Parity for RRB employees and officers, compassionate ground appointments, parity in service conditions at par with sponsor banks, etc. It was decided to extend our support to their strike and their demands as follows:
i. UFBU to address a letter a Finance Minister
ii. Constituent unions to address letter to Finance Minister
iii. Our members to participate in their demonstrations on 11th and 12th December on the strike days.

4. Support to AIBEA-AIBOA Strike on 27th December, 2017: The meeting decided to extend fraternal support to the call given by AIBEA and AIBOA for All India Strike on 27th December, 2017 demanding immediate wage revision for IDBI Bank employees and officers.

UFBU’s LETTER TO CHAIRMAN, IBA

“ You are well aware that on the Charter of Demands submitted by our Employees Unions and Officers Associations, discussions have commenced from May, 2017 and quite a few rounds of discussions have also taken place. Right from the beginning IBA has been expressing that the entire discussions need to be concluded at the earliest, preferably before Diwali festival so that the revised pay scales can be implemented from 1-11-2017. Department of Financial Services, Ministry of Finance, Government of India have also been issuing frequent communications that the negotiations are to be completed well in time before 1-11-2017.

2. But it is observed that while discussions are taking place on non-financial demands, so far IBA has not made any offer on increase in wages. You will appreciate that increase in wages is the crux
of the Charter of Demands submitted by us and IBA’s silence on this important issue, is a matter of serious concern to all of us.

3. While reiterating our commitment to conclude the discussions early and expedite the Settlement through mutual discussions, we wish to point out that expeditious Settlement is not possible if IBA does not come forward to make their offer on quantum of wage increase and negotiate the same to the satisfaction of all to conclude the Settlement without any further delay.

4. IBA’s reluctance or delay in making the offer on wage revision for the past six months is creating resentment and restlessness among the rank and file of employees and officers and hence it is not desirable to delay it any further. As already requested in the last round of meeting, we urge upon IBA to convene the meeting of the Negotiating Committee immediately, make their initial offer and conclude the settlement expeditiously so that the whole process of wage revision settlement for employees and officers is completed. Looking forward to your positive response ”

With greetings,
Yours Comradely,
C.H. VENKATACHALAM
GENERAL SECRETARY

Source: AIBEA

Bank Wage Revision – Discussions with IBA on 14.11.2017

by Leave a Comment

Bank Wage Revision – Discussions with IBA on 14.11.2017

DISCUSSIONS WITH IBA ON 14.11.2017

ALL INDIA BANK EMPLOYEES’ ASSOCIATION – AIBEA
NATIONAL CONFEDERATION OF BANK EMPLOYEES – NCBE
BANK EMPLOYEES FEDERATION OF INDIA – BEFI
INDIAN NATIONAL BANK EMPLOYEES FEDERATION – INBEF
NATIONAL ORGANISATION OF BANK WORKERS – NOBW

CIRCULAR TO UNITS

15.11.2017

Dear Comrades,

DISCUSSIONS WITH IBA ON 14.11.2017

One more round of discussions took place between IBA and our Workmen Unions yesterday i.e.14.11.2017 in IBA Office ain Mumbai.

IBA’s Sub-Committee was represented by Mr. Rakesh Sharma (MD, Canara Bank and Chairman of the Sub-Committee), Mr. V.G. Kannan(Chief Executive, IBA), Mr. B. Raj Kumar(Dy. Chief Executive, IBA), Mr. M.K Gupta(GM, Bank of India), Mr. Punit Jain(GM, PNB), Mr. T.S Seshadri(GM, Indian Bank), Mr. S.K Kakkar(Sr. Advisor, HR&IR, IBA) and Mr. K.S Chauhan(Advisor, IBA).

Our team was represented by Com. C.H. Venkatachalam and Com. B.S. Rambabu(AIBEA), Com. S.K Bandlish and Com. Vinil Saxena(NCBE), Com. Pradip Biswas(BEFI), Com. Subhash Sawant(INBEF) and Com. Upendrakumar(NOBW),

During the meeting, the following issues discussed in the meeting held on 3.11.2017 in the Sub-Group on demands relating to Disciplinary Action and Procedure were informed and further discussion took place.

i. For claiming travelling expenses for defending an employee in the departmental action, existing restrictions of ‘within the state’ be removed.

ii. Subsistence Allowance to be improved upon.

iii. Indiscriminate usage of Clause 5(j) to be stopped through proper guidelines / definition.

iv. Clarification with regard to provision of Clause 6(e) i.e. bringing down by two stages in the scale of pay and applicability of the same to employees who have already reached maximum in the scale of pay.

v. Clarification to be given that minor misconducts clearly enumerated under Clause 7 of BPS dated 10.04.2002 should not be brought as major misconducted under Clause 5.

vi. Multiple charges for one incident should not be made out.

vii. Punishment order by the Disciplinary Authority not to be implemented till the final disposal of Appeal by the Appellate Authority.

viii. Issuance of charge sheet under Pension Regulation to Award Staff after retirement to be stopped since it is not provided in Bipartite Settlement.

ix. Awarding the punishment of stoppage of increments should be without affecting superannuation benefits, as in the case of Officers.

x. Provision for appeal against suspension.

xi. In case of punishment of dismissals, a provision for Review Authority after Appellate Authority.

xii. Deletion of Fine as a punishment.

It was decided that the conclusions on the discussion on these issues would be finalised in the next meeting.

Thereafter, the following issues were taken up for discussions:

– Simplified formula for calculation of overtime wages. Unions submitted their views and the issue would be discussed further.

– On the issue of introduction of Leave Bank providing for voluntary contribution of leave by the employees to a common pool and utilisation of the same for sanctioning leave to those employees who suffer from major diseases and prolonged illness and have not leave to their credit, Unions submitted their Note containing their views and explained their proposal. It was decided to discuss the issue further.

– On our demands like Child Care Leave for women employees, Sabbatical Leave, Study Leave, etc., it was agreed that Unions would submit a Note for further discussion.

We pointed out that considerable time has elapsed since commencement of the discussions in May, 2017 on our Charter of Demands, but so far IBA has not come forward with their offer on wage increase and hence demanded that the next meeting of the Full Negotiating Committee should be fixed up at the very earliest for this purpose.

With greetings,

Sd…
C.H. Venkatachalam/AIBEA
Sd…
S.K. Bandlish /NCBE
Sd…
Pradip Biswas/BEFI
Sd…
Subhash S.Sawant/INBEF
Sd…
Upendrakumar/NOBW

Source: www.befi.in

Click to view the letter