ALL INDIA BANK OF BARODA OFFICERS' ASSOCIATION

CIRCULAR TO MEMBERS NO.30 OF 2015                                               6th November, 2015

 

Dear Members,

 

Re: i) Increase in Reimbursement of Conveyance Expenses

          to officers – revision

       ii) Canteen Subsidy – its discontinuation –

          Reimbursement of Refreshment Expenses

                                  -------o0o------

 

As you are aware we have been representing to the Bank to review and revise the existing scheme for reimbursement of conveyance Expenses to officers. We are happy to inform that the Bank has now agreed to revise the limits as under:

 

 

SCHEME-I     (Officers who do not own a vehicle)

 

                                                                                          (Limits in Rs.per month)

Scales

Existing Limits

All Areas

Revised Limits

All Areas

SMG/S-IV

600

1200

MMG/s-III

500

1000

MMG/S-II

400

800

JMG/S-I

350

700

 

 

SCHEME-II    (Officers who own a vehicle)

 

 

                          Area where Officer is posted

 

Major A class cities

Area I

Area II

Area III

 

                      (Eligible litres of petrol per month)

4-Wheelers

Existing

Revised

Existing

Revised

Existing

Revised

Existing

Revised

SMG/S-IV

75

100

75

90

50

65

50

65

MMG/S-III

70

90

60

75

50

65

40

55

MMG/S-II

35

50

30

45

25

40

20

35

JMG/S-I

35

50

30

45

25

40

20

35

2-Wheelers

 

 

 

 

 

 

 

 

For all scales

35

50

30

45

25

40

20

35

 

 

Effective Date:  01/11/2015

 

ii) Canteen subsidy – its discontinuation –

    Reimbursement of Refreshment Expenses

 

We wish to inform that the Bank has now decided to discontinue Canteen Subsidy and introduce in its place a new scheme known as “Reimbursement of Refreshment Expenses”. We are glad to inform that  under the above mentioned scheme the Bank has now agreed to reimburse an increased amount of Rs.750/- per month to all full time employees and Rs.375/- for the part time employees. This amount will be reimbursed to the debit of P&L A/c. and will be paid to all employees on monthly basis on self declaration. You are also requested to note that all claims should be submitted ONLINE only.

 

We take this opportunity to convey our grateful thanks to the new MD&CEO    Shri P.S.Jayakumar for expeditiously resolving these two issues pending with the Bank quite for some time.

 

With greetings,

 

 

 

                                                                                             Yours sincerely,

 

                                                                                                 (K.K.NAIR)

                                                                                       GENERAL SECRETARY

 

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CIRCULAR TO MEMBERS NO.29 OF 2015                                               12th September,2015

 

Dear Members,                        

 

RE: Foundation Day Greetings - the historic journey of 51 years

                                                              -----o0o-----

 

Today our Association enters into the 52nd year of its eventful and glorious existence. Warm Greetings and Best Wishes to each one of you. Our Association, through its momentous journey of 51 years with a brilliant record of service to the members and constructive approach to issues raised by them, played a very key role on the Growth of our Bank’s Business. Committed to the self imposed philosophy of “Grow With the Bank” we  enthused   officers, notwithstanding the numerous constraints faced by them and helped the Bank to scale new heights of performance year after year.

 

After the signing of the epoch making Settlement on Revision of Salary and other Service Conditions for Bank Officers on 25th July,2015, and receipt of the much awaited Government approval for holidays on 2nd & 4th Saturdays of every month, we arranged a Get-Together of Officers and Executives in various administrative offices and branches in Greater Mumbai, Thane, Raigad and Palghar districts, at Birla Matushree Sabhaghar, Mumbai on 11th September,2015, from 7.00 pm onwards, to celebrate the 52nd Foundation Day of our Association.

 

The event was graced by Dr Sanjeeva Reddy, President of INTUC – INBOC, Shri Ranjan Dhawan, MD & CEO of our Bank, Shri R.P.Marathe, Executive Diretor,Bank of India, Shri Kishor Kharat,MD & CEO, IDBI Bank, General Managers, other Executives of our Bank and all Zonal Secretaries from various Zones. Officers in large number attended this programme. All the distinguished guests who spoke on the occasion appreciated the role played  by our Association for the welfare of officers’ community and also  taking  our Mother Bank to the pinnacle of glory. They also touched upon the future challenges to be faced by all of us in our Bank as also the banking industry. On this occasion, we also felicitated Shri Kishor Kharat and Shri R.P.Marathe, our erstwhile colleagues on their elevation as MD & CEO of IDBI Bank & Executive Director of Bank of India, respectively.

 

Friends, on this historic day, let us all re-dedicate ourselves and work for the cause of our officers and our Mother Bank.

 

With greetings,

                                                                                                        

 

                                                                                                     Yours sincerely,

 

                                                                                                                  ( K.K.NAIR)

                                                                                                            GENERAL SECRETARY                                                                                                                                              

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CIRCULAR TO MEMBERS NO.28 OF 2015                                          31st August, 2015

Dear Members,

RE: 52nd Foundation Day Celebration of our Association.

-----o0o-----

Our Association, the oldest Association of Officers in the Banking Industry, proposes to celebrate its 52nd Foundation Day on 11th September,2015. On this occasion, we have arranged a Get-Together of Executives and Officers working in various administrative offices and branches in Greater Mumbai, Thane, Raigad and Palghar districts. Besides our All India President, Zonal Secretaries from across the Zones and other functionaries are expected to join the Get-Together.

The venue of the Get-Together will be :

Birla Matushree Sabhagar (Bombay Hospital Trust)
19, New Marine Lines, Mumbai:400 020.
                         
                                  Time: 7 p.m. onwards

You are requested to attend this Get-Together  and join us for dinner thereafter.

With greetings,
                                              Yours sincerely,


CIRCULAR TO MEMBERS NO.27 OF 2015                                                     31st August, 2015

 

Dear Members,

 

                                  RE: March Ahead with the 2nd Sepember, 2015, strike –   Make it a Grand Success.

 

-                                                                                     ----o0o-----

 

As you are aware, seven unions of Officers and Workmen operating in Public Sector Banks, Private Sector Banks, Foreign Banks, Co-operative Banks and  Regional Rural Banks have called for an All India Strike on 2nd September,2015, in  pursuit of the following issues:

 

  • Against the anti-worker, anti-people and pro-corporate polices of the Central Government.

 

  • Against the proposed adverse amendments to the Labour Laws.

 

 

  • Against Retrograde Banking Reforms, attacks on Trade Union rights and demands of Bank employees and  Bank  officers.

 

And

 

  • In support of the charter of demands declared by the National Trade Convention.

 

 

Upon issuing the Strike Notice, the Chief Labour Commissioner (Central) held conciliation proceedings; meetings were also held with other senior government functionaries. However, these meetings could not produce any desired results. Hence, it has been decided to go ahead with the 2nd September,2015, strike. We call upon each member to join the strike and make it a  Grand Success. We also call upon each one of you to Join Demonstrations to be organised on 1st September evening and on the Strike Day at all centres.

 

With greetings,

 

 

 

 



CIRCULAR TO MEMBERS NO.26 OF 2015 22nd August, 2015

 

Dear Members,

 

Re: 1. Wage Revision for Bank Officers –

2nd & 4th Saturdays as Holidays –

Government Notification Issued.

2. All India Strike on 2nd September, 2015.

 

-----o0o-----

 

 

We are happy to inform that the much awaited Government Notification on 2nd & 4th Saturdays of every month as public holidays, has since been issued. Effective date will be 1st September,2015. Accordingly, Banks are advised by IBA to make necessary arrangements for amending the working hours of branches/offices.

 

2. All India Strike on 2nd September,2015 – March Ahead.

 

We refer to the Circular issued by our Zonal Secretaries calling all our members to join the All India Strike on 2nd September, 2015. We are happy to report that the strike call given is getting a massive response from across the country. As per the information reaching us, Unions working in Reserve Bank of India/NABARD/Life Insurance Corporation of India/General Insurance Corporation of India/Co-operative Banks/Regional Rural Banks etc. have already given the call for the strike. We call upon all our members to get ready, participate and make the strike a grand success.

 

With greetings,

 

 

Yours sincerely,

KK NAIR

GENERAL SECRETARY



20.8.2012

Dear Members,

 

* Joint call by AIBEA-AIBOA-BEFI-INBOC-NOBW-INBEF-NOBO

* Observe All India Strike on 2nd September, 2015

* Join the Indian working class in their struggle

* Against anti-worker policies of the Central Government

-------o0o-------

 

It has been decided to observe ALL INDIA STRIKE on 2nd September,2015, in all banks.

 

> Against the anti-worker, anti-people and pro-corporate policies of the Central Government

> Against the proposed adverse amendments to the Labour Laws

> Against retrograde Banking Reforms, attacks on trade union rights and demands of bank employees and bank officers

And

> In support of the charter of demands declared by the National Trade Union Convention

 

The text of a Circular dated 18th August,2015, issued by constituents of U.F.B.U in this regard is reproduced:

 

“All our unions and members would be aware of the call given by the Central Trade unions and various independent Trade Union Federations in our country for All India General Strike on 2nd September, 2015 in pursuance of the Declaration of the National Trade Union Convention. All of us are fully aware of the increasing attacks on the workers and trade unions on their rights and privileges and the encouragement and concessions being extended to the employers in our country. There are open attempts to amend the various labour laws in favour of the employers and to the detriment of the workers. The neo-liberal economic policies are only aggravating the problems of the workers and common masses.

Some of the aspects of the policies and proposals of the Government as are as under:

* Amending all labour laws to empower the employers with unfettered rights to “hire and fire”.

* stripping the workers and trade unions of their rights.

* Unlimited FDI in strategic sectors like Railways, Defence and Financial Sector.

* Sweeping changes in the existing Land Acquisition Act.

* Farmers’ right to land and agri-workers’ right to livelihood are been sought to be drastically curbed and curtailed.

* EFP and ESI schemes are proposed to be made optional.

* Attempts to dismantle the basic social security structures available to the organized sector.

* The Govt. has not taken any step to curb price rise of essential commodities.

* Failure to generate adequate employment

* Weakening public distribution system and trying to scuttle it through Direct Benefit Transfer resulting further squeeze on the common people.

* Various State governments have brought about drastic anti-workers changes in basic labour laws viz. Industrial Disputes Act, Contract Labour (Regulation & Abolition) Act, Factories Act and Apprenticeship Act, Trade Unions Act etc.

* Proposals for new Small Factories (Regulations of Service conditions) Bill which prescribes that major 14 labour laws will not apply to factories employing upto 40 workers.

* Labour Code on Wages Bill and Labour Code on Industrial Relations Bill which under the cover of amalgamation seek to make registration of unions almost impossible,

* Making retrenchment of workers and closures of factories easy.

* Amendment Bills have been put in public domain without consulting the trade unions thereby violating the provisions of ILO Convention 144 on Tripartite Consultation.

* Inaction in implementing the consensus recommendations of 43rd, 44th and 45th Indian Labour Conferences on formulation of minimum wages, same wage and benefits as regular workers for the contract workers and granting status of workers with attendant benefits to those employed in various central govt. schemes like anganwadi, mid-day-meal, ASHA, para-teachers etc.

* Curtailed budget allocations to all centrally sponsored schemes meant for poor peoples’ welfare.

* Refusal to ensure minimum wages of not less than Rs. 15,000 per month with indexation and universal

* Denial of Pension for all including the unorganized sector workers

* Reluctance on compulsory registration of Trade Unions within 45 days and ratification of ILO Conventions 87 and 98.

* Denial of Bonus for all and removing the ceiling under the Bonus Act

* Refusal to improve the ceiling under Gratuity Act

 

Banking Industry: Banking industry is no exception. In the Banking industry, we are already aware of the Government’s continuous attempts to push through their reforms agenda aimed at privatisation of banks, consolidation and merger of Banks, etc. More and more private capital and FDI are being encouraged. Regional Rural Banks are sought to be privatised and the Bill has been passed by the Government in the Parliament despite protests by our Unions. Private sector executives are imposed on the public sector banks. All the Government schemes are being imposed on the Banks without proper infrastructure and manpower resulting harassment and problems faced by the bank staff. Bank officers are being denied regulated working hours. Even agreed decisions like 2 Saturday Off in a month are being unduly delayed. Permanent and regular jobs are being outsourced on contract basis and contract employees are being exploited.

 

Hence it is necessary and imperative to join the general trade union movement and register our protest against these anti-worker policies of the Government.

 

* Accordingly, the joint call has been given to observe All India Strike in all the Banks by all our units and members on 2nd September, 2015.

* Our members are also exhorted to join the local conventions, meetings, processions, etc. being organised by the central trade unions.

* Joint Demonstrations are to be organised on 1st September evening and on the strike day at all centres.

 

We call upon all our members to make the strike a grand success.

 

With greetings

Yours comradely,

Sd.. Sd.. Sd.. Sd.. Sd.. Sd.. Sd..

AIBEA – AIBOA – BEFI – INBOC – NOBW – INBEF – NOBO”

------------------------------------------------------------------------------------------------------------------------

 

With greetings,

Yours sincerely,

ZONAL SECRETARIES OF ALL ZONES



 

CIRCULAR TO MEMBERS NO.25 OF 2015                                  11th August, 2015


Dear Members,


RE: 1. Revision in Payment of House Rent Allowance (HRA) &       City Compensatory Allowance (CCA) Effective Date 01.03.2011.                             2. Payment of Levy.           

                       -----o0o-----


We are happy to inform that payment of House Rent Allowance (HRA) and City Compensatory Allowance (CCA) stands revised with effect from 01.03.2011.This revision is based on upgradation of places from a lower area to higher area on the basis of All India census 2011 figures published by Registrar General & Census Commissioner, India. IBA has advised member Banks to recalculate HRA & CCA in places which are upgraded and make payment of arrears, as applicable.


2. Payment of Levy


We had vide our Circular No.22 dated 10th July 2015 requested you to pay levy on account of  payment of arrears of Wage Revision, at  the following rates : 


Officers in JMG/S-I    ..Rs.3000/-     

 “          MMG/S-II   ..Rs.5000/-       “    

     MMG/S-III  ..Rs.6000/-       “      

   SMG/S-IV   ..Rs.7000/-


We are happy that response to our request so far has been satisfactory. We once again request remaining officers to speed up the payment of levy and strengthen our Association.


With greetings,

Sincerely Yours

KK NAIR

GENERAL SECRETARY

 

 

 

 

CIRCULAR TO MEMBERS NO.24 OF 2015                                       25th July, 2015
Dear Members,landsend.mumbai@tajhotels.comRe:   1. Inter-Zonal Transfer/Retransfer Plan- 2015                                     2. Reservation in Holiday Homes- Online Module                                   -------o0o-------
We are happy to inform that the Inter-Zonal Transfer/Retransfer Plan – 2015 has since been finalized and Bank has agreed to release the said transfers.  In terms of the Plan, the following categories of willing officers will be relieved on or before 8th August, 2015:
i.Inter-Zonal Transferee officers who have completed/will be completing 3 years of tenure as on 31st August, 2015.
ii.DROs who have completed/will be completing 5 years of tenure as on 31st August, 2015.
As substitutes for officers under Transfer/Retransfer Plan – 2015, the Bank will identify officers for Inter Zonal Transfer on the basis of longest stay in officer’s cadre in the Zone as per Promotion Policy. Residual issues such as transfer on compassionate grounds etc., are being pursued by us separately.
2. Reservation in Holiday Homes – Online Module
Bank has introduced Online Module in HRNES system for reservation in Holiday Homes with effect from 20th July,2015, and detailed Circular No:BCC:BR:107:346 dated 21.7.2015 has been issued by the Bank. Through this module staff members will be in a position to register and book for Holiday Homes after ascertaining the availability for the respective Holiday Home. Further, the retired staff can also avail this facility through their pension paying branch or any branch if not a pension optee. This change to Online Module, we are confident, will benefit the staff members, both existing and retired, of our Bank.


With greetings,


  

Tel.No.02222612058/22618484

Email:aiboboa1964@gmail.com  

CIRCULAR TO MEMBERS NO.23 OF 2015                                                                14th July, 2015

 

Dear Members,

Re: 1. Promotions to various Grades/Scales: 2015-16

 2. Financial compensation for holding camps

                                            On Sunday,31st May,2015 for PMJJBY & PMSBY

              -------o0o-------

Our Bank has since completed a mammoth exercise for promotions to various Grades/Scales ranging from MM G/S:II to Executive Grade/Scale:VII.Details of promotions upto Scale:IV are given below:

 

Promotion to Grade/Scale

:

Number -

 

 

Normal

Fast Track

    Total

 

II

:

1088

363

1451

III

:

609

238

847

IV

:

--

488

488

TOTAL

:

1697

1089

2786

 

We convey our Hearty Congratulations to each one of the promotees and wish them Best of Luck in their new assignment.

With such large scale promotions to various Grades/Scales for 2015-16, we have seen a convergence of Bank’s requirements and career growth of the officers’ community in our Bank. Incidentally, as you have observed certain technical error crept into the system when the results for promotion to SM G/S:IV was released by the Bank on 25th June,2015. Our Bank promptly corrected/rectified the technical error and issued a modified circular on 26th June,2015. Since such a thing had never happened in our Bank in the past, we discussed the issue with the Executive Director – Shri B.B.Joshi, who assured us that appropriate action will be taken to avoid recurrence of such happening in future.

 

Financial  Compensation  for  holding camps

on Sunday,31st May,2015, for PMJJBY & PMSBY

 

As you are aware, our officers are subjected to unsurmountable pressure on account of the need to work beyond working hours, Sundays & Holidays. In the midst of this, they were called upon to hold camps in their branches and Service Area Villages for PMJJBY & PMSBY on Sunday,31st May,2015. We requested the Bank to put  an end to such a practice in our Bank immediately. We also demanded that adequate financial compensation be paid to the officers for holding camps on Sunday,31st May,2015.We are pleased to inform that now our Bank has agreed to pay Financial Compensation of Rs.2000/- to all the officers who have held camps in their branches and Service Area Villages for PMJJBY & PMSBY on Sunday, 31st May,2015.Our endevour to put an end to officers required to work on extended hours, Sundays & Holidays will continue.

 

With greetings,

                                                                                              Yours sincerely,

 

                                                                                                 (K.K.NAIR)

                                                                                       GENERAL SECRETARY

 

 

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CIRCULAR TO MEMBERS NO.22 OF 2015                       10th July 2015

Dear Members,

Re: Salary Revision for Bank Officers – 
       Payment of Levy.
                      -------o0o-------

We trust that all officers might have started receiving salary and allowances from the month of June,2015 onwards as per the Jt.Note dated 25th May 2015.Meanwhile, our Bank has already uploaded the amount of difference in medical aid; reimbursement of arrears of medical aid will be made according to claim. The calculations of arrears of pay and allowances is in process and is likely to be paid to all officers by first week of  August 2015.

In tune with the past practice of collecting levy on the occasion of payment of arrears of Wage Revision, our Association has decided to collect levy at the following rates:

Officers in JMG/S-I        ..    Rs.3000/-
       “          MMG/S-II   ..    Rs.5000/-
       “          MMG/S-III  ..    Rs.6000/-
       “         SMG/S-IV   ..    Rs.7000/-


We request each one of you to pay the levy as above and strengthen the financial position of our Association which helps in sustaining our movement during the period of struggle and crisis and further improve our welfare activities.

With greetings,


                                   Yours sincerely,

                                     (K.K.NAIR)
                                    GENERAL SECRETARY





 

CIRCULAR TO MEMBERS NO.20 OF 2015                                                 16th June,2015  
 
Dear Members,                        

                                   RE: “Branch Head Role Perquisite”
                                  -----o0o-----

We are extremely happy to inform that our Bank has  introduced  yet another innovative Scheme “Branch Head Role Perquisite”,as an additional monetary benefit to Branch Heads. Details are as under:

Amount of  Perquisite:

Branch Head     Branch Head Role Perquisite per month.
JMG/SI    Rs.5000
MMG/SII    Rs.6000
MMG/SIII    Rs.7000
SMG/SIV    Rs.8000
SMG/SV    Rs.9000
TEG/SVI    Rs.10000

Effective  Date:    With effect from 1.6.2015
             Claim to be made every month-end online through Claim  Benefit Module   under Payroll.

NOTE:            The performance of the Branch Head will be evaluated on the matrix of business development annually.

In this context you will recall, as reported to you vide our Circular No:15 dated 15th May,2015,Shri B.B.Joshi, Executive Director, while discussing business growth of our Bank at the 60th Central Committee Meeting of our Association held on 18th April,2015 at Chennai announced, amidst loud applause, that Branch Heads will be encouraged by providing additional incentives to them.This,dear friends, now stands realised.

We are thankful to Shri Ranjan Dhawan, MD & CEO, Shri B.B.Joshi and Shri K.V.Rama Moorthy,Executive Directors of our Bank, Smt.Vindhya Ramesh, General Manager(HRM) and other Top Management team for the above decision.

With greetings,

                                      Yours sincerely,

                                         (K.K.NAIR)
                                     GENERAL SECRETARY
 
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CIRCULAR TO MEMBERS NO.19 OF 2015                                                    26th May,2015

 

Dear Members,                        

 

                    RE: 1. Record Note of discussions between IBA and UFBU

                                             on issues and demands relating to retirees.

                           2.Charts, prepared Scalewise, Gradewise & Areawise.

                                -----o0o-----

Further to our Circular No:18 dated 25.5.2015,we furnish below the Record Note of discussions between IBA and UFBU on issues and demands relating to retirees of the Banks held on 25th May,2015:

 

Issues raised by the United Forum of Bank Unions

Response of the Indian Banks’ Association

 

LFC and Hospitalisation reimbursement should be extended to retired bank employee/officers.

A revised Hospitalisation/Medical expenses reimbursement  Scheme is being finalised for the in service employees and officers and the benefit of the coverage of this same Scheme would be extended to retirees also subject to the condition that the cost of insurance premium under the Scheme would be payable by the retirees.

 

Extending Leave Fare Concession facilities to the  retirees is not possible.

Revision in the rates of Family Pension on the same lines of the Central Govt. Scheme and RBI Scheme.

While the IBA is Sympathetic to the issue, the cost involved is significant and unaffordable at the present juncture. IBA will examine cost implications and sustainability of  each bank, at a future date.

Extending Dearness Relief at 100% compensation to all pre-November, 2002 pensioners as in the case of post November, 2002 retirees.

Firstly, the matter is sub-judice as certain cases on this issue are pending for a decision with Supreme Court. As such, IBA cannot take a decision on this issue at this stage. From a humanitarian point of view, IBA may examine feasibility of providing 100% dearness relief neutralization to pre-November retirees based on a detailed costing exercise.

Upgrading the Basic pension of all the pensioners at the common and uniform index of 4440 points.

IBA would examine the cost implications and sustainability of member banks.

Updation of pension for all existing pensioners and family pensioners.

In view of the huge additional cost involved in funding the Pension Fund as per the requirements of AS-15-R, it would be impossible to consider this demand.

 

Union suggested for collecting the details of the pensioners and ascertaining the actual cost, so that a solution may be worked out.

 

 

 

Periodical updation/improvement in pension along with occasions of wage revision of in-service employees on the lines of the Central Government.

This being a funded scheme in lieu of contributory PF. As it is, banks are contributing several times the statutory PF contribution towards funding pension scheme every year. Hence providing for periodic updation is not possible as this will have serious impact on the working of banks.

Uniform percentage of allocation from Welfare Fund towards schemes pertaining to retires.

Government guidelines permit banks to provide benefits to retirees out of welfare funds. This may be taken up at the bank level.

 

Charts, prepared Scalewise, Gradewise & Areawise.

 

We also send herewith charts prepared Scalewise, Gradewise and Areawise showing :

 

  1.                       i.        Existing and revised Basic Pay,DA,HRA,CCA & gross salary.
  2.                     ii.        Rise in salary on account of Basic + DA + HRA @150% & 100%.
  3.                    iii.        Indicative rise for 30 months with Basic + DA+ HRA @150% & 100%.
  4.                    iv.        DA as percentage of Basic Pay for quarter beginning 1st day of November,2012 to April,2015.

 

With greetings,

                                                                                                            

Yours sincerely,

 

                                                                                                

     (K.K.NAIR)

      GENERAL SECRETARY


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Link for the Charts- Click Here

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

CIRCULAR TO MEMBERS NO.18 OF 2015 25th May,2015

Dear Members,

RE:Settlement on Salary Revision

Signed today - Further details.

-----o0o-----

We refer to our Circular No:17 dated 20.5.2015, and are happy to inform that our Apex Organisation INBOC, alongwith the other three Organisations of Officers, signed a Settlement on Salary Revision and other Service Conditions for Bank Officers with IBA today. Details are as under:

1. Scales of Pay:

Scale-I : 23700 -980 –(7)- 30560 – 1145(2) – 32850 – 1310(7) – 42020


Scale-II: 31705 – 1145(1) – 32850 – 1310 (10)– 45950



Scale-III: 42020 – 1310 (5)– 48570 – 1460 (2) 51490


Scale-IV: 50030 - 1460(4) – 55870 – 1650 (2)– 59170



Scale-V : 59170 – 1650 (2)– 62470 – 1800 (2)– 66070


Scale-VI: 68680 – 1960 (4) – 76520


Scale-VII:76520 – 2120– (4)85000


Fitment:Fitment shall be stage-to-stage, i.e. on corresponding stages from 1st stage onwards and the increments shall fall on the anniversary date as usual.

2. Stagnation Increments

a. Officers in JM Grade Scale I who have moved to scale of pay for MMG Scale II in terms of Regulation 5(b) after reaching maximum of the higher scale shall be eligible for four stagnation increments for every three completed years of service of which first two shall be Rs.1310/- each and next two Rs. 1460/- each.

b. Officers in MMG Scale II who have moved to scale of pay for MMG Scale III in terms of Regulation 5(b) after reaching maximum of higher scale shall be eligible for three stagnation increments of Rs.1460 /- each for every three completed years of service and a fourth stagnation increment of Rs.1460/- two years after receipt of third stagnation increment.

Provided that officers who have completed two years or more after receipt of the third stagnation increment will get the fourth stagnation increment with effect from 1.5.2015.


c. Officers in substantive MMG Scale III i.e. those who are recruited in or promoted to MMG Scale III shall be eligible for four stagnation increments of Rs.1460/- each for every three completed years of service and a fifth stagnation increment of Rs.1460/- two years after receipt of fourth stagnation increment provided that the officers who have completed two years after receipt of the fourth stagnation increment will get the fifth stagnation increment w.e.f 1.5.2015.

d. Officers in SMGS-IV shall be eligible for one stagnation increment of Rs.1650/- three years after reaching the maximum of scale w.e.f. 1.5.2015.



3. Dearness Allowance

On and from 1.11.2012, Dearness Allowance shall be payable for every rise or fall of four points over 4440 points in the quarterly average of the All India Average Working Class Consumer Price Index (General) Base 1960=100 at 0.10% of Pay.


4. House Rent Allowance (w.e.f. 1.11.2012)

i) Major “A” Class Cities and Project Area Centres in Group A and State of Goa. 9 % of Pay

ii) Other places in Area I, and Project Area Centres in Group B 8% of Pay

iii) Other places 7% of Pay

Provided that if an officer produces a rent receipt, the House Rent Allowance payable to him/her shall be the actual rent paid by him/her for the residential accommodation in excess over 0.75% of Pay in the first stage of the Scale of Pay in which he/she is placed with a maximum of 150% of the House Rent Allowance payable as per aforesaid rates mentioned in Column II above.

Note:The claims of officer employees for House Rent Allowance linked to the cost of their ownership accommodation shall also be restricted to 150% of House Rent Allowance as hitherto.


5. City Compensatory Allowance (w.e.f. 1.11.2012)


6. Special Allowance (w.e.f. 1.11.2012)

Scale I-III - 7.75% of Basic Pay + applicable Dearness Allowance thereon

Scale IV-V - 10% of Basic Pay + applicable Dearness Allowance thereon

Scale VI-VII- 11% of Basic Pay + applicable Dearness Allowance thereon

Note : The special allowance with applicable DA thereon shall not be reckoned for superannuation benefits, viz, pension including NPS, PF and Gratuity.


7. Provident Fund (w.e.f. 1.11.2012)

(a) The officers who are presently covered under the Bank Employees’ Pension Regulations, 1995/96 shall continue to contribute 10% of the Pay towards Provident Fund and there shall be no matching contribution.


Area Rate Maximum Amount

i) Places in Area 1 and in the State of Goa 4% of Basic Pay Rs.870 /- p.m.

ii) Places with population of five lakhs and over and State Capitals and Chandigarh, Puducherry and Port Blair 3% of Basic Pay Rs.600/- p.m.

(b) Officers of State Bank of India will continue to be covered by Contributory Provident Fund Scheme as hitherto.

(c) Officers who are presently covered under Contributory Provident Fund Scheme who did not opt for Pension Scheme available under Joint Note dated 27th April, 2010 shall continue under the Contributory Provident Fund Scheme as hitherto.


8. Pension (including State Bank of India)

With effect from 1st November 2012, the Pay drawn under this Joint Note by the officers who are members of the Pension Fund shall be taken into consideration for the purpose of calculation of pension as per the Pension Fund Rules/ Regulations in force.

Note: Officers in service of the Banks as on 1st November 2012 and who have retired thereafter but before 25th May 2015 and who had opted for commutation of pension will have an option not to claim incremental commutation on revised basic pension.


9. Medical Aid (Other than State Bank of India)

On and from 01.11.2012, reimbursement of medical expenses shall be as under:

a) Officers in JMG & MMG Scales – Rs. 8,000/-p.a.

b) Officers in SMG & TEG Scales - Rs. 9,050/-p.a.


10. Hospitalisation Expenses (Other than State Bank of India)

In substitution of the clause (9) of the Joint Note dated 27/04/2010, the reimbursement of hospital expenses under Regulation 24(1) (b) (i) of the officers’ service regulations 1979/1982 shall be detailed in our next Circular.


11. Recovery of House & Furniture Rent

(i) House rent recovery shall be @ 0.75 % of the first stage of the scale of pay in which the officer is placed or the standard rent for the accommodation, whichever is less.

(ii) Furniture rent recovery shall be @ 0.15% of the first stage of the scale of pay in which the officer is placed.


12. Fixed Personal Pay (FPP) (w.e.f. 1.11.2012)

Fixed Personal Pay together with House Rent Allowance shall be at the following rates and shall remain frozen for the entire period of service.

Increment Component (Rs.) DA as on 1.11.2012 (Rs.) Total F.P.P. payable where bank’s accommodation is provided (Rs.)

(A) (B) (C)

1310 143 1453

1460 159 1619

1650 180 1830

1800 196 1996

1960 214 2174

2120 231 2351


Note:

(i) F.P.P. as indicated in “C” above shall be payable to those officer employees who are provided with bank’s accommodation.

(ii) F.P.P. for officers eligible for House Rent Allowance shall be “A” + “B” plus House Rent Allowance payable on the last increment of the relevant scale of pay.

(iii) The increment component of F.P.P. shall rank for superannuation benefits.

(iv) Only officers who were in the service of the bank on or before 1.11.93 will be eligible for F.P.P one year after reaching the maximum scale of pay they are placed.


13. Professional Qualification Pay (PQP)(w.e.f. 1.11.2012)

(A) Officers shall be eligible for professional qualification pay as under :

(i) Those who have passed only CAIIB – Part I / JAIIB

Rs.670/- p.m. one year after reaching top of the scale.

(ii) Those who have passed both parts of CAIIB –

a. Rs.670/- p.m. one year after reaching top of the scale.

b. Rs.1680/- p.m. two years after reaching top of the scale.

(B) An Officer employee acquiring JAIIB/CAIIB (either or both parts) qualifications after reaching the maximum of the scale of pay, shall be granted from the date of acquiring such qualification the first installment of PQP and the release of subsequent installments of PQP shall be with reference to the date of release of first installment of PQP.


14. Other Allowances

(i) Deputation Allowance( w.e.f. 1.6.2015)

An officer deputed to serve outside the bank – 7.75% of Pay with a maximum of Rs.4000/- p.m.

An officer deputed to an organization

at the same place or to the training

establishment of the bank * 4% of Pay with a maximum of Rs.2000/- p.m.

(ii) Hill and Fuel Allowance (w.e.f. 1.11.2012)

Place Rate

(a) Places with an altitude of 1000 metres and above but less than 1500 metres and Mercara Town 2% of Pay subject to a maximum of Rs.750/-p.m.

(b) Places with an altitude of 1500 metres and above but less than 3000 metres 2.5% of Pay subject to a maximum of Rs.1000/- p.m.

(c) Places with an altitude of 3000 metres and above 5% of Pay subject to a maximum of Rs.2000/- p.m.

4

(iii) Halting Allowance (w.e.f. 1.6.2015)

Grade / Scales of Officers    Metro (Rs.)  Major ‘A’ Class Cities (Rs.)  Area I (Rs.)   Other Places (Rs.)

Officers in Scale VI & above   1800 1300 1100 950

Officers in Scale IV & V above   1500 1300 1100 950

Officers in Scale I/II/III     1300 1100 950 800

(iv) Special Area Allowance (w.e.f. 1.11.2012)

At places where special area allowance is payable in terms of Regulation 23(ii) of Officers’ Service Regulations, 1979/1982, the said allowance shall be payable at rates in specified centres, list of which will be conveyed vide our next circular.

(v) Mode of Travel on Duty,Leave Travel Concession,Hospitalisation Expenses and Definition of Family.

Details will be conveyed vide our next Circular.

15. Project Area Allowance

On and from 1st November 2012, Project Area Compensatory Allowance shall be payable at the following rates :

Project Areas falling in Group A – Rs.400/- p.m.

Project Areas falling in Group B – Rs.350/- p.m.

16. Mid Academic Year Transfer Allowance

On and from 1st June 2015, Mid Academic Year Transfer Allowance shall be payable at Rs. 1100/- p.m. subject to other conditions.

17. Split Duty Allowance

On and from 1st November 2012, Split Duty Allowance shall be payable at Rs. 200/- p.m.

18. Compensation on Transfer (w.e.f. 1.6.2015)

An officer on transfer will be eligible to draw a lumpsum amount as indicated below for expenses connected with packaging, local transportation, insuring the baggage etc.

Grade/Scale of Officer (Rs. )

Officers in Scale IV and above 20,000/-

Officers in Scale I, II and III 15,000/-



19. Maternity Leave (w.e.f. 25.5.2015)

(a) Maternity leave, which shall be on substantive pay, shall be granted to a female officer for a period not exceeding 6 months on any one occasion and 12 months during the entire period of her service.

(b) Within the overall period of 12 months, leave may also be granted in case of miscarriage/abortion/MTP.

(c) Within the overall period of 12 months, leave may also be granted in case of hysterectomy upto a maximum of 60 days.

(d) Leave may also be granted once during service to a childless female officer for legally adopting a child who is below one year of age for a maximum period of six months subject to the following terms and conditions: -

(i) Leave will be granted for adoption of only one child.

(ii) The adoption of a child should be through a proper legal process and the officer employee should produce the adoption-deed to the Bank for sanctioning such leave.

(iii) The leave shall also be available to biological mother in cases where the child is born through surrogacy.

(iv) The leave shall be availed within overall entitlement of 12 months during the entire period of service.


20. Paternity Leave

With effect from 1.6.2015, male officer employees with less than two surviving children shall be eligible for 15 days paternity leave during his wife’s confinement. This leave may be combined with any other kind of leave except casual leave. The leave shall be applied upto 15 days before or upto 6 months from the date of delivery of the child.

21. Holidays

In terms of understanding dated 23rd February 2015, reached between IBA and Officers’ Associations every second and fourth Saturdays of the month will be a holiday and other Saturdays will be full working days. IBA has initiated steps to get clearances from the Reserve Bank of India and Government of India. The change will be effective after approval by the Reserve Bank of India and Notification of the change issued by the Government of India.

22. Privilege Leave

On or from 1.6.2015 under Regulation 33(4) of Officers Service Regulations 1979/82, Privilege Leave may be accumulated up to not more than 270 days except where leave has been applied and it has been refused. However, encashment of Privilege Leave shall be restricted up to a maximum of 240 days.

Further, in modification of Regulation 33(5) of Officers’ Regulations, 1979/82, an officer desiring to avail of privilege leave shall ordinarily give not less than 15 days’ notice of his intention to avail of such leave.

23. Special Sick Leave

With effect from the 1.6.2015, Special Sick Leave up to 30 days may be granted to an officer employee once during his/her entire period of service for donation of kidney/ organ.

24. Date of Effect

For payment of arrears, the benefits under various provisions as above, shall be from 1st November 2012, unless otherwise specified against the relevant provisions.



25. Payment of Arrears and Revised Salary and Allowances

We have also requested IBA to advise the Bank to disburse immediately an adhoc amount equivalent to the net arrears payable for the period from 1.11.2012 to 31.5.2015 and continue to pay revised salary and allowances.

We shall send you shortly charts showing:

i. Existing and revised Basic Pay,DA,HRA,CCA & gross salary.

ii. Rise in salary on account of Basic + DA + HRA @150% & 100%.

iii. Indicative rise for 30 months with Basic + DA+ HRA @150% & 100%.

iv. DA as percentage of Basic Pay for quarter beginning 1st day of November,2012 to April,2015.

These charts are prepared Scalewise,Gradewise and Area wise.

With greetings,

Yours sincerely,

(K.K.NAIR)

GENERAL SECRETARY

PLEASE CIRCULATE AMONGST ALL OFFICER-COLLEAGUES 

 


CIRCULAR TO MEMBERS NO.17 OF 2015                                          20th May,2015

Dear Members,                        

                          Re: Salary Revision & Connected Issues -
                                 Distribution Chart signed  - 
                                 Final Settlement by 25th May,2015. 
                                -----

We wish to report to you that IBA held a meeting with INBOC, our apex Organisation, and the other three organizations of officers today in its offices in Mumbai. We are happy to inform that in this meeting Distribution Chart of Pay scales and other components were signed between IBA and four officers organizations. Details are as under:-

Scale of Pay:

Scale-I :  23700 – 980 (7) 30560 – 1145-(2) – 32850 – 1310 -(7)-42020
                 
Scale-II:  31705 – 1145 (1)– 32850 – 1310 (10)– 45950
                                                       
Scale-III: 42020 – 1310 (5)– 48570 – 1460 –(2) 51490
                                                         
Scale-IV: 50030 - 1460 (4)– 55870 – 1650 (2)–  59170
                                
Scale-V : 59170 – 1650 (2)62470 – 1800 (2)– 66070
           
Scale-VI: 68680 – 1960 –(4) 76520
                  
Scale-VII:76520 – 2120–(4) 85000
                         
Special Allowance:       Scale I-III:  7.75%  , IV-V:  10.00%    VI-VII:  11.00%               

HRA Rates:                          
Major ‘A’ Class Cities        9.00%    
Other Places in Area-I       8.00%
Other Places                     7.00%

CCA Rates:                                   

Higher CCA Area   4.00%   max.      870/-         
Lower CCA Area    3.00%                 600/- 

Medical Aid (p.a.) Rs. 8000/- (Scale 1 to 3) and rs.9050/- for scale IV and above                  
          
Details of the other components such as FPP, PQP, Hill & Fuel Allowance, Project Area Allowance, Officiating Allowance, Medical Scheme etc. will be conveyed to you after Settlement is signed on 25th May 2015.

With regards,
                                       Yours sincerely,

                                          (K.K.NAIR)
                                       GENERAL SECRETARY

PLEASE CIRCULATE AMONGST OFFICER-COLLEAGUES


CIRCULAR TO MEMBERS NO.16 OF 2015 18th May,2015

Dear Members,

RE: 60th Central Committee Meeting of our Association

-----o0o-----

We refer to our Circular No:15 dated 15th May,2015,and give hereunder further details:

Business Session commenced at 2.30 pm with Shri Bharat More presenting the minutes of the Central Committee Meeting held at Vadodara on19th October,2013.The minutes were adopted by the House unanimously. Taking up the next Agenda i.e. To Review and Discuss Organisational matters and to take appropriate decisions, the General Secretary apprised the House about various organizational developments since the last CC Meeting, including appointment of Shri Prem Makker as Director on the Board of the Bank with effect from 19th September,2014, in place of Shri V.B.Chavan who retired on 31st December,2013. The House congratulated Shri Makker and wished him all the best in all his endeavours. The House also appreciated the contributions made by Shri VB Chavan during his tenure as Director representing officers on our Bank’s Board.

Shri Nair further informed the House that two of its important office-bearers/activists Dr K.C. Chakraborty and Shri S.S.Mundra, have been elevated as Dy.Governors to Reserve Bank of India. He also referred to the elevation of Shri Ranjan Dhawan as MD & CEO of our Bank, Shri K.V.Rama Moorthy, Shri R.P.Marathe and Shri Kishore Kharat as Executive Directors of our Bank, Bank of India and Union Bank of India respectively. The House expressed its warm greetings and congratulations to all the newly elevated MD & CEO and Executive Directors. General Secretary thereafter apprised the House the latest developments that have taken place on Wage Revision,10th Bipartite Settlement/Joint Note. Thereafter,he added that certain organizational issues deserve more attention from the House viz. Enrolment of new members and collection of fees, enrolment of officers as members of Welfare Fund and ESCORT Scheme. He added that a critical analysis of these issues is urgently warranted.

Shri Nair further informed the House details of the Golden Jubilee Celebrations of our Association held across India during the last year and the concluding programme held at Mumbai on 12th September,2014, when Dr K.C.Chakraborty, Dy,Governor of RBI alongwith a number of present and past Executives of the top management were present.General Secretary narrated the efforts put in by the Association to review the Promotion Policy culminating in adopting a new policy by the Bank’s Board on 29th January,2015. Shri Nair advised the CC Members and Zonal Secretaries to expedite circulation of the booklet on Promotion Policy published by the Association, free of cost to each and every officer as was done in the case of Transfer Policy. He said that the Housing Loan Limit alongwith additional loan for repairs and maintenance have also been revised. Alongwith this, the revised Furniture Scheme and increased Rental Ceilings were the other two best measures achieved by the Association for officers. “Service Conditions of officers in our Bank is the best in the Banking Industry and we are proud of this” added Shri Nair amongst loud applause.

General Secretary recalled the agitational programme launched by the Association in the year 2012 with the slogan “One who bakes the cake must also have a share in the cake which he bakes.” In this background he said that the Bank has already declared the incentives for the year 2012-13. However during its implementation few deficiencies were found in the said Scheme observed Shri Nair.

Subsequently the Association took up the issue with the Management and he was happy that the Bank has now rectified and revised the scheme for the year 2013-14.

The House was further informed by General Secretary that the Scheme of Compassionate Appointment was taken up and pursued with the Government by UFBU and finally the Government gave its consent on 5th August 2014. The Bank has also since approved the scheme effective from the same date. He apprised that in 2014 the Government had also issued guidelines for proper placement of lady officers and also all officers who have physically handicapped children.

General Secretary presented to the House a review on the functioning of our first Guest House at Daman(UT) and proposed that this facility may be extended to the retired officers also. The House accorded its approval for the same.In this context, the General Secretary recalled the decision taken in the 58th Central Committee Meeting held at Alappuzha on 9th, 10th and 11th June,2013, to set up Guest Houses in various centers.In this regard, Shri N.V. Daniel, Secretary,Central Guj.Zone put up a proposal for opening our Association’s second Guest House at Alappuzha and sought authorisation and confirmation of the House for the following :

> Confirm the action of the General Secretary and the Core Committee for having initiated procedures necessary for establishment of Association’s Guest House at Alappuzha, including finaliazing land and making advance payment of Rs.15,00,000/- on 9th April 2015,towards part of the cost of land to Ms Deepthi Nair, after observing the prescribed norms.

> Authorise the General Secretary to make balance payments to Ms Deepthi Nair towards the cost of the land and taxes and also to take further actions as may be necessary for execution of the sale deed.

> Authorise the General Secretary and the Core Committee to take all relevant actions as required for construction of the building to house our Guest House on the plot of land purchased and make all payments thereof, after observing the prescribed procedures and norms.

The House held detailed discussions and unanimously confirmed the above action of the General Secretary and accorded its authorization as proposed with a loud applause.

Thereafter, as advised by the General Secretary, Shri Daniel presented Notes on

(i) Welfare Fund and (ii) ESCORT Scheme, both showing the existing position of membership with an appeal to the House to enroll more members. The Zonal Secretaries and delegates from all Zones assured the house that the enrollment of membership in the Scheme will be completed by 30th May, 2015.

The House thereafter took up for consideration the next two Agendas (1) To discuss and evolve action plans for qualitative growth of our Bank, particularly in respect of Mobilisation of CASA Deposit, Expansion of Retail Lending, Recovery in NPA accounts and Prevention of Slippage and (2) To review the successful launch of Jan Dhan Yojana announced by our Hon’ble Prime Minister and discuss the steps to be taken to overcome the operational constraints. The House decided to form five groups on five subjects for discussions amongst themselves and submission of comprehensive reports on the next day for consideration and adoption by the House. With this, the President adjourned the House for the day at 5 pm.

Further details will follow.

With regards,

Yours sincerely, 

 

 

CIRCULAR TO MEMBERS NO.15 OF 2015 15th May,2015

 

Dear Members,

RE: 60th Central Committee Meeting of our Association

-----o0o-----

 

 

Further to our Circular No:14 of 2015 dated 24th April,2015, we wish to report that the 60th Central Committee Meeting of our Association commenced at 10 am on 18th April,2015 with Shri V.J.Sheladia, President, calling the meeting to order. Shri G.Virabadran, Secretary,Tamil Nadu & Kerala Zone welcomed the gathering briefly recalling the history of the Association and the role played by our General Secretary Shri K.K.Nair for in its growth. After floral welcome to Shri Ranjan Dhawan, MD & CEO of our Bank, Shri B.B.Joshi, Executive Director, Smt.Vindhya Ramesh, General Manager(HRM) and Shri N.Damodharan, General Manager, Tamil Nadu & Kerala Zone, the President invited the MD & CEO to inaugurate the 60th Central Committee Meeting. The MD & CEO lighted the traditional lamp and inaugurated the Central Committee Meeting.

 

 

In his inaugural address Shri Ranjan Dhawan,MD & CEO thanked the Association for inviting him for the Chennai CC Meeting. Felicitating the Association Shri Dhawan said that he has not seen such an Organisation with a positive attitude and a unique philosophy ‘Grow with the Bank’ which is indeed an inspiring one. Shri Dhawan announced, amidst loud applause, that our Bank now is a 10 Trillion Bank, which is a great achievement and congratulated the officers’ community for their dedication, hardworking and determination through which the Bank could bring in excellent results during the Financial Year ended March 2015.He also expressed his concern over low level of CASA deposits and Retail Loan Assets. He further emphasized that our Bank requires more presence in International arena and must explore the possibility of our presence in Nepal, Bangladesh, Sri Lanka etc .Though our Bank was the first one to introduce Credit Cards in the market Shri Dhawan pointed out that our Bank today has very less Credit Card holders, as compared to private sector Banks, and insisted that we must expand our card business.

 

 

Shri Dhawan further advised Branch Heads to move out in the market to meet customers for canvassing of business while other officials at the branch level should provide the best customer service and render supportive services. He informed that Bank has provided several benefits to officers such as increase in rental ceilings adding that certain other measures like extra petrol limit and entertainment allowance etc. to the Branch Heads are also being contemplated for improving the compensation package to officers. In this context he informed the House that upon getting a representation from the Association, the Bank agreed to include MM G/S:III officers of August,2012 promotee batch in the recently announced promotion exercise from MM G/S:III to SM G/S IV: 2015-16, which will provide opportunity to youngsters for career progression. At the same time, Shri Dhawan also informed that the Bank cannot tolerate Non-Performers and they will be dealt with firmly. He requested that every staff of the Bank must perform well and contribute to the growth of the Bank.

 

 

Our MD & CEO also put forth his views lucidly on fixing staff accountability. The question “ for one lapse, how many officers can be held responsible?” is worrying him, he added. He said that a pragmatic view on staff accountability must be taken. He desired that a study group comprising higher officials be set up to look into this issue and devise ways to ascertain “Who is responsible for what?” Shri Dhawan also felt that our Inspection System has become outdated and hence, needs to be modified. The MD & CEO concluded his address conveying his whole-hearted greetings for the smooth conduct of the 60th Central Committee Meeting and appealed, “Let us all together take our Bank to higher position to make it a Global Bank”. The entire House gave a standing ovation to Shri Dhawan, our MD & CEO.

 

Speaking on the occasion, Shri B.B.Joshi, Executive Director expressed his happiness to attend the Central Committee Meeting of the Association and thanked the Association for the warm welcome given to him in the traditional style. He was extremely happy of the energetic and constructive role played by the Association. On business front, Shri Joshi was glad that our Bank has taken upon itself ambitious projects for business growth which will set in a momentum for increase in business on a consistent basis. He added that Branches, Regions & Zones must grow on the average front too. He also stressed on the growth of CASA and Retail Business which can take our Bank at par with private sector Banks.

 

Shri Joshi was delighted to observe that discussions on CASA, Retail Lending, NPA Recovery and also PMJDY will be held during the two days Meeting. He expressed his desire to add two more subjects for discussion i.e. (i) Earnings through Increase in Non-Interest Income & (ii) Reduction in expenses by 50%. He emphasized that there is a need to shift the transactions from branches to ADCs, which will release a lot of manpower as also save cost. He brought to the notice of the House that human capital is the main resource for development and Technology has to be implemented through the said resource and strong connection with the people at grass root level is always required for qualitative growth of business He also announced amidst loud applause that Branch Heads will be encouraged by providing additional incentives to them.

 

Smt Vindhya Ramesh,General Manger(HRM), thanked the Association for inviting her for the inaugural session of the 60th Central Committee Meeting at Chennai. Appreciating the Motto of the Association - “Grow with the Bank” she said it means individual grows alongwith institution’s growth which in turn leads to Team work. She emphasised that her effort is to bring people together to work together. She was happy that today older and younger generations are working together collectively and have a positive HR climate. She reiterated that performance is important for the growth of the Organisation and HR will support to convert the non-performers to performers. Performers will always be rewarded with incentives and additional benefits, she stated.

 

Shri N.Damodharan, General Manger, Tamil Nadu & Kerala Zone, in his address said that the MD & CEO of our Bank is a great visionary leader with ideas and out of box thinking and Executive Director is a very pragmatic person. He said that the customer service provided by our Bank is far better than in the private sector Banks. While appreciating the role of Association, he said that like RLFs and SMEs, Association is a factory manufacturing leadership. He added that Association is a personality development platform. He appealed to the House to continue to make our Bank No.1 and conveyed his best wishes for the successful conclusion of the 60th Central Committee Meeting at Chennai.

 

The inaugural session concluded with a Vote of Thanks by Shri R.K.Chatterjee, Secretary, Bihar, Orissa & Jharkhand Zone.

 

Further details will follow.

 

With regards,



 CIRCULAR TO MEMBERS NO.14 OF 2015                                         24th April,2015
Dear Members,      

                  
                       RE: 1. 60th Central Committee  Meeting  of our Association  

                            2. Promotion  to SM G/S:IV-2015-16 -    Relaxation in Service Eligibility Criteria. 

                            3. Wage Revision – Meeting with Sub-group of IBA.     

                                         -----o0o-----

The 60th Meeting of the Central Committee of our Association was held in Chennai on 18th and 19th April,2015. The meeting was inaugurated by Shri Ranjan Dhawan, MD & CEO on 18th April,2015, in the presence of Shri B.B.Joshi, Executive Director & our Chief Guest and Smt. Vindhya Ramesh, General Manager(HRM) our Special Guest. The meeting concluded on 19th April,2015, with a valedictory address by Shri K.V. Rama Moorthy, Executive Director of our Bank. Shri N. Damodharan, General Manager, Tamil Nadu and Kerala Zone attended both these functions as our Guest of Honour. Details of the meeting will be conveyed to you through our next Circular.


Promotion to SM G/S:IV-2015-16 -Relaxation in Service Eligibility Criteria.


In terms of our Circular No.13 dated 13th April,2015, we brought to your notice that our Association has represented to the Bank to accord additional three months relaxation in service eligibility criteria so that August,2012 batch promoted to MM G/S:III will also become eligible for promotion to SM G/S:IV – 2015-16. We are happy that our Bank has considered our representation favourably and accorded additional relaxation of three months. We are thankful to Shri Ranjan Dhawan, MD & CEO, S/Shri B.B.Joshi and K.V. Rama Moorthy, Executive Directors of our Bank and top management team for the above decision.


Wage Revision - Meeting with Sub-group of IBA.


Further to our Circular No.13 of 2015 dated 13th April,2015,we wish to report that we had two more meetings with the Sub-Groups constituted by IBA, one on 16th April,2015, and the other on 22nd April,2015. Medical Reimbursement – Insurance Scheme, various issues raised in our Charter of Demands including all allowances, Regulated working hours, Disciplinary Proceedings, present status of implementation of having 2nd & 4th Saturdays as holidays and other Service Conditions of Officers were discussed and conclusions arrived at. IBA will revert to us after a formal decision is taken by the Competent Committees in IBA. We also expect to commence discussions on Pay Scale formation shortly. Our endeavour is to expedite the process of completing the Settlement.
With regards,

 Yours sincerely,
    (K.K.NAIR)

    GENERAL SECRETARY

 

CIRCULAR TO MEMBERS NO.13 OF 2015                                               13st April,2015

Dear Members,                        

                          RE: 1. Wage Revision – Meetings of Sub-Groups of IBA
                                     with UFBU and Officers’ Organisations.
                                 2. Inter-zonal Retransfer Exercise-2015.
                                 3. Exercise for Promotion from MM G/S:III to SM G/S:IV.
                                                 -----o0o-----

We wish to inform that IBA has convened meetings of the  Sub-Group with UFBU  to discuss Hospitalisation Reimbursement Scheme at 11.00 am on 16th April,2015. On the same day IBA will also hold a meeting of the Sub-Group to discuss Charter of Demands of Officers with INBOC and other three organisations of Officers. We shall inform the outcome after these meetings.

Inter-Zonal Retransfer Exercise - 2015.

We have been getting anxious queries about the  fate of Inter-Zonal Retransfer from officers who have completed three years/five years tenure outside their parent Zones.We wish to inform that we have taken up this issue with the Bank and they have agreed to commence the process soon.

Exercise for Promotion from MM G/S:III to SM G/S:IV.

As you are aware,our Bank has commenced Exercise for Promotion–2015-16 to all Scales/Grades giving specified relaxation in service eligibility. However, officers promoted to MM G/S:III in August,2012, are not eligible for promotion to SM G/S:IV in terms of relaxation in service eligibility granted by the Bank. Aggrieved with this, such Scale:III officers have been representing to the Bank to accord additional three months relaxation in service eligibility criteria. We have taken up this issue with the Management and are awaiting the outcome.

With regards,

                                      Yours sincerely,

                                         (K.K.NAIR)
                                     GENERAL SECRETARY
 


 CIRCULAR TO MEMBERS NO.11 OF 2015                        30th March,2015

Dear Members,

RE: Exercise for Promotion - 2015-16

-----o0o-----

We are happy to inform that our Bank has now commenced the long awaited exercise for promotions to Middle Management Grade/ Scale: II and III Exercises for promotion to Sr. Management and Top Executive Grades will follow soon.

Major highlights of promotions to Middle Management Grade/ Scale: II and III are as under:


JM 1 TO MM:II   Channel Normal-  1087; Fast Track-363   TOTAL 1450
                          
MM II TO III    channel Normal-  712; Fast Track -238   Total 950


2. Eligibility - Cut off Date        1st April,2015.


3. Relaxation in Service Eligibility:


Under Normal  Channel : 18 month

Under Fast Track Channel : 6 months


4. Rural/Semi-urban Service

The candidates who are otherwise eligible to participate in Promotion Exercises for Grade Scale: II & III but have not completed requisite Rural/Semi-urban service, will be allowed to appear in the exercise but on being promoted will immediately be posted in Rural/Semi urban branches to complete the said tenure. Further, on their promotion, they will be paid salary and other perquisites as applicable to the respective Grade/Scale.


5. Submission of Applications – Last Date


Submission of applications, ‘online’, will begin on 30th March,2015 and end at 8.00 p.m on 9th April,2015.


6. Written Test

Written Test will be conducted ‘on line’ on Sunday,3rd May,2015.


We take this opportunity to convey to all eligible officers our desire that each one of them must participate in the Promotion Exercise. We also take this opportunity to convey our Best Wishes to all candidates.


CIRCULAR TO MEMBERS NO.10 OF 2015                                 16th March,2015


Dear Members,    

                                                        RE: Sub-Committee Meeting on Officers issue. 

                                                                                          -----o0o-----

Further to our Circular No.9 dated 14th March,2015, we wish to inform that a meeting of the Sub-Committee on officers issues was held as scheduled, today in the office of IBA.


IBA was represented by Shri Ashwini Kumar, CMD, Dena Bank, Shri Shailesh Verma, CGM, SBI, Shri M.V.Tanksale, CEO, IBA, Shri K. Unnikrishnan, Dy.CEO, IBA, besides officials of HRD Department of IBA. AIBOA and INBOC were representated by its General Secretaries.Other organizational representatives were also present.The CEO, IBA while initiating the discussion complemented for arriving at the M.O.U on 23rd February, 2015, emphasized the need to conclude the finalization of the matters at the earliest. Shri Ashwini Kumar  also congratulated the leadership for clinching the wage component together with 2 days holidays on Saturdays. 


It was mutually accepted that the salary and allowances, as well as the perquisites and medical facilities listed in the charter of demand will be taken up for discussions once the draft scales are drawn up by the IBA for discussion. In the matter of discipline and Appeal regulations, it was agreed to submit once again a comprehensive chart to IBA which will be taken up for discussion by a small committee of IBA for further discussion in the HR committee of the IBA. In the matter of regulated working hours, it was agreed by IBA to issue a communication to the member banks, not to call officers on Sundays and Holidays, except on some specified emergent circumstances.In the matter of leave rules, it has been broadly agreed to follow  the provisions of the Sixth Pay Commission recommendations. A clear submission was made to monetize the LTC scheme on the lines of RBI. The income stipulation for categorizing the “dependent” has been agreed to be enhanced substantially with the stipulation that the dependent is not an Income Tax payee.  It has been agreed to recommend to the government to consider Banking Administrative Tribunal on the lines of CAT. It was also informed that the protection of emoluments on transfer will also be positively considered, as the same was drawing the attention of the top management team of the various banks.  As the issues discussed are to be given an appropriate shape, we may term this round of discussion as inconclusive.  In our considered assessment there is certainly a forward movement in this round of discussion.It was expressed by the representatives of IBA to arrive at a positive conclusion by the end of this month through mutually convenient date of negotiations. It was further informed that IBA is actively engaged in drawing up the draft  scales of pay and expected to discuss  the same at an earliest possible time with us.


Our endeavour to reach a  reasonable and respectable settlement in terms of monetary gains as well as appropriate advancement in the other service regulations, like discipline and appeal regulations, will continue.


With greetings,

 

CIRCULAR TO MEMBERS NO.9 OF 2015                        14th March,2015


Dear Members,                                                             

 

RE: 1.Shri Ranjan Dhawan, Executive Director, assumes additional charge of MD & CEO of our Bank. Shri K.V. Rama Moorthy, appointed as our Bank’s new ED.             

2. Shri R.P.Marathe & Shri K.P.Kharat elevated as Executive Directors.             

3. Wage Revision - Discussions on Charter of Demands.              

                                                                                                     -----o0o-----


As you are aware, the Government of India has entrusted Shri Ranjan Dhawan, our Bank’s Executive Director, with the additional charge of the Managing Director & Chief Executive Officer of our Bank. Government of India has also appointed Shri K.V. Rama Moorthy, our Bank’s erstwhile General Manager, North Gujarat Zone as the Executive Director of our Bank. A team of representatives of our Association, lead by the undersigned, called on Shri Ranjan Dhawan and Shri K.V. Rama Moorthy and greeted them on 11th March,2015.


Shri R.P.Marathe & Shri K.P.Kharat elevated as Executive Directors.


We are also happy to inform that the Government of India has appointed S/Shri R.P.Marathe  and Shri K.P.Kharat, our Bank’s General Managers, as Executive Directors of Bank of India and Union Bank of India respectively. We have conveyed our Congratulations  and Best Wishes to both Shri  Marathe and Shri Kharat.


Wage Revision - Discussions on Charter of Demands.     


We wish to inform  that IBA has convened a meeting of the Sub-Group to discuss Charter of Demands submitted by Officers Organisations on 16th March,2015. We shall advise you the developments after the meeting.


With greetings,

                                                                                                       -----o0o----- 

 

CIRCULAR TO MEMBERS NO.7 OF 2015                                       23rd February,2015


Dear Members,


RE: UNDERSTANDINGS ON WAGE REVISION REACHED


----o0o----
We are extremely happy to inform that our apex organisation – Indian National Bank Officers’ Congress (INBOC), alongwith other constituents of UFBU has reached an understanding on wage revision for officers and workmen employees in the meeting held today in the office of IBA at Mumbai. Major highlights are as under:

i. The wage revision will be effective from 1st November,2012.
ii. The annual wage increase will be @ 15% on salary slip components.
iii. The new scales will be constructed after merging Dearness Allowance corresponding 4440 points as on November,2011.
iv. Distribution of annual wage increase between Workmen Unions and Officers’ Associations will be worked out separately based on break up of establishment expenses as on 31st March,2012.
v. Every second and fourth Saturday of the month will be a holiday and the other Saturdays will be full working days.
vi. All other issues of the Managements and Unions/Associations discussed during the process of negotiation will be settled to the mutual satisfaction.
vii. Representatives of IBA and UFBU will meet on mutually convenient dates to draw out a detailed Bipartite Settlement/Joint Note on the various issues on which consensus positions have been reached.
viii. IBA and UFBU will endeavour to finalise the Bipartite Settlement/Joint Note within a period of 90 days from today.
We take this opportunity to convey our greetings and grateful thanks to each one of you for your unparalleled solidarity and support which made THIS HISTORIC DAY possible.

With regards,


Yours sincerely,
(K.K.NAIR)
GENERAL SECRETARY


PLEASE CIRCULATE AMONGST OFFICER-COLLEAGUES

 

 

 CIRCULAR TO MEMBERS NO.6 OF 2015 18th February,2015


Dear Members,


RE: - MARCH ON COMRADES – MARCH ON !! MARCH ON !!
- MARCH ON TO 4 DAYS’ STRIKE & INDEFINITE STRIKE
- TOTAL FRATERNAL SUPPORT IN BANKING INDUSTRY
----o0o-----


As you are aware,UFBU vide its Circular No.UFBU/2015/45 dated 4.2.2015 had announced its decision to revive the strike programmes kept on hold, as under, preceded by various action programmes:


i. 25th to 28th February,2015 - 4 days All India Bank Strike.
ii. 16th March,2015 onwards - Indefinite Strike.

We now reproduce hereunder the text of a Circular No:UFBU/2015/48 dated 18.2.2015 issued by UFBU for your information and appropriate actions jointly with other constituents of UFBU:

“We had informed the developments since last conciliation meeting held on 5th January 2015 and the circumstances under which the decisions for putting on hold the four days’ strike form 21st to 24th January 2015 and revival of four days’ strike from 25th to 28th February 2015 and indefinite strike from 16th March 2015 onwards. We are glad to receive information from all over the Country that the action programmes of UFBU are being implemented in full strength.

Comrades, let us not leave even a single chance to achieve our just demand of reasonable wage revision that too expeditiously. We believe in bilateralism. We believe in negotiated settlement. We are not for any action that would inconvenience the esteemed customers / general public. We also do not have any inclination to provide discomfort to the government. But, the compelling circumstances on account of recalcitrant attitude of IBA pushed the UFBU to the path of agitation. Unfortunately, the flexibility shown by UFBU has not been reciprocated by IBA.

We are extremely glad to inform that trade unions operating in the banking industry have extended their fraternal support and solidarity by calling for Strike in support of our Four days’ strike and indefinite strike considering the genuine demands of bank workmen and officers for a reasonable and immediate wage revision along with settlement of other related matters such as Five-day Banking, Regulated working hours for officers, improvements in pension scheme, improvements in other perquisites & allowances, etc.


The details are appended for information of members:


> All India Reserve Bank Employees Association (AIRBEA) and All India Reserve Bank Workers’ Federation (AIRBWF) have jointly decided to express solidarity by observing a day’s strike on the 25th February 2015. AIRBEA and AIRBWF have deplored that bankers’ rigidity and Government’s silence are the main causes for plunging the sensitive banking sector in prolonged turmoil, creating huge inconvenience to bank customers and enormous loss to national economy.
> All India Nabard Employees’ Association (AINBEA) has decided to fully support the strike call given by UFBU and proposed to extend solidarity support by observing nationwide One Day Strike on the 25th February 2015.

> Joint Forum of Gramin Bank Unions (JFGBU) (Forum of Unions operating in RRBs comprising All India Regional Rural Bank Employees Association, All India Gramin Bank Employees Association, All India Gramin Bank Employees Congress, National Confederation of RRB Employees, All India Regional Rural Bank Officers Federation, All India Gramin Bank Officers Association and All India Gramin Bank Officers Congress) have jointly decided to support our cause and called for Four days’ Strike from the 25th to 28th February 2015 and Indefinite Strike from 16th March 2015 onwards, coinciding with our strike call.


We acknowledge with highest gratitude the solidarity and support extended by all the above organisations to our just cause. We strongly feel that the fraternal support extended to us by the above organisations would be a motivating factor and stimulate the entire membership of UFBU to vigorously pursue the genuine demand of reasonable settlement on revision of wages and other service conditions. We once again convey and place on record our sincere thanks to all the above organisations for their fraternal support, which we hope would pave the way for achieving our target.
Comrades, exhibit your strength in full with renewed vigour and make the Four days’ strike and Indefinite strike programmes a total success.”


With greetings,


Yours sincerely,
(K.K.NAIR)
GENERAL SECRETARY


CIRCULAR TO MEMBERS NO.5 OF 2015                                 4th February,2015
Dear Members,

Re: IBA Backtracks from Its Assurance -Offers a Paltry 0.5% increase –
UFBU decides to revive the Strike Programmes -Calls for 4 days’ Strike from 25th to 28th February,
2015 and Indefinite Strike from 16th March,2015
----o0o-----
We wish to inform that IBA held another round of discussions with UFBU yesterday at Mumbai but offered only 0.5% improvement in pay slip components, which was not at all satisfactory and acceptable one. UFBU, therefore, decided to revive the strike programme, which was put on hold earlier. In this regard, we reproduce hereunder the text of a Circular dated 4.2.2015. issued by the Convenor, UFBU, for your information:
“In our earlier Circular No.UFBU/2015/44 dated 19-1-2015, we had informed that in the background of the assurance given by IBA towards expeditious wage settlement and considering the positive developments since last conciliation meeting held on 5th January 2015, UFBU had put on hold its call for 4 days’ strike from 21st January 2015.
In this background another round of negotiations between IBA and UFBU was held in Mumbai yesterday (i.e., 3rd February 2015). Subsequent to a general reporting of the discussions held in the meetings of the three Sub-Committees on (i) Employees’ service conditions, (ii) Officers’ service conditions and (iii) revised medical reimbursement scheme, the important issue of further improvement in the wage increase offer came up for discussion. IBA sought the view of UFBU about revising its demand from 19.5% in order to arrive at a final deal. UFBU informed IBA that the wage increase offer needs to be substantially improved by IBA as assured and accordingly UFBU would negotiate further to reach a final accord. Quoting, once again, the strenuous financial performance of various Banks, IBA informed that the banks are not in a position to accept the demand of the UFBU. After prolonged discussions, IBA finally proposed to improve their offer from 12.5% to 13% and expected UFBU to scale down its demand.
Since the increase in offer of 0.5% by IBA was paltry, inadequate and not satisfactory, UFBU met thereafter and decided to revive the strike programmes as under:
9th February 2015                Centralised Demonstrations at all centres
13th February 2015               Centralised Demonstrations at all centres
20th February 2015               Badge Wearing & Demonstrations
23rd February 2015               Press Meet in all State capitals
24th February 2015               Centralised Demonstrations at all centres
25th to 28th February 2015       FOUR DAYS’ ALL INDIA BANK STRIKE    2nd to 14th March 2015           Further preparatory programmes
16th March onwards              INDEFINITE STRIKE

Comrades, the sincere and persuasive efforts of UFBU to negotiate a reasonable and mutually acceptable wage increase are being misunderstood by the IBA and the Government as its weakness. With utmost patience, for the past two years, UFBU has been making its best efforts to settle the demands amicably. At every point of time, we have shown our flexibility. But unfortunately, it is not being reciprocated by the IBA.
When the entire workforce in the banking industry is making every effort to implement the various programmes of the Government including the recent Jan Dhan Yojana, when employees and officers are working under lot of stress and maximum difficulty due to manpower shortage and increased volume of work, it is regrettable that the Government is remaining a passive spectator without initiating any steps to find an amicable solution to the genuine expectations of bank employees for a better and reasonable wage revision.
UFBU has been once again pushed to the path of struggle. We call upon all our units and the entire membership to rise as one and plunge into action to implement the programmes successfully.
State-level UFBU meetings should be held immediately to plan out the steps to be initiated for making all the programmes a total success.
Comrades - March ahead with solidarity and unity – Let us exhibit clearly that our united movement brings Success and success alone.....
“WE SHALL FIGHT – WE SHALL FIGHT – TILL WE SUCCEED – WE SHALL FIGHT”

With greetings,

Yours sincerely,
(K.K.NAIR)
GENERAL SECRETARY

 

CIRCULAR TO MEMBERS NO.4 OF 2015                                                            31st January,2015


Dear Members, 

 RE: (i) Promotion Policy - Review 

ii) Staff Housing Loan Scheme - Sanction of Second Housing Loan – Repayment period extended upto   a maximum age of 70 years. 

As you are aware, the Promotion Policy for Officers in our bank was last reviewed on 27.1.2010.During the subsequent years, the Government of India has issued various guidelines and our Bank has been conducting promotion exercises based on the said guidelines. A need was, therefore, felt for review of the Promotion Policy in vogue. 

Accordingly, our Bank held with our Association a series of meetings and discussed on various issues/provisions of the Promotion Policy.
We are happy to inform that based on the discussions that took place between the Bank and our Association, a Revised Promotion Policy has now been formulated with the approval of the Board of Directors of our Bank at its meeting held on 29this expected that our Bank would commence now exercise for promotion to various grades/scales soon. Officers are advised to start preparations for successful participation in theensuing promotion exercises. 


2. Staff Housing Loan Scheme - ReviewOur bank has put in place a revised Staff Housing Loan Scheme (Please refer to our Circular No.31 dated 4th Since then many of the officers who have already availed a Staff Housing Loan under the earlier Scheme, have been representing to us to allow them to avail a Second Housing Loan without selling the house and settling the earlier loan account. We have represented 
this issue to the Bank for its favourable consideration.

We are happy to inform that the bank has now considered our request and agreed to allow the officers to avail Staff Housing Loan for purchase of Second House also without the condition that the first house must be sold off to avail the second housing loan. Further, the bank has also extended the repayment period beyond retirement up to a maximum age of 70 years. We take this opportunity to thank the Board of Directors, Executive Directors – S/Shri Ranjan Dhawan and B.B.Joshi, General Manager(HRM) – Smt. Vindhya Ramesh and the HR team for their concerted efforts to put in place the Revised Promotion Policy and Review of Staff Housing Loan Scheme.


With regards,


 Yours sincerely, 

(K.K.NAIR) 

GENERAL SECRETARY


 



CIRCULAR TO MEMBERS NO.3 OF 2015                                                             20th January,2015


Dear Members,    

RE: IBA Assures Expeditious Wage Settlement –    Four Days’ Strike from 21st to 24th January,2015,  Put on Hold -                                                                    ----o0o-----

with regard to the above, WE REPRODUCTE hereunder the text of a Circular  dated 19th January,2015,  issued by the Convenor, UFBU, for your information: 


“In our previous Circular, we have informed that while agreeing for formation of Sub-Committees for other issues relating to wage revision, we had suggested for holding of Meetings of Sub-Committees immediately without any loss of time.  Accordingly, IBA called for Sub-Committee meetings on 14th January 2015 to discuss on issues relating to demands of Officers as per charter of demands and on 19th January 2015 to discuss on Health Insurance in lieu of Reimbursement of hospitalisation expenses and issues relating to Workmen employees as per charter of demands.
Health Insurance Scheme:Members are aware that our charter contains demands for improvements in existing Medical Scheme and extension of 100% reimbursement facility for family members.  IBA proposed for introduction of Medical Health Insurance Scheme and provide for wider coverage.In this background a Sub-Committee Meeting headed by Shri Arun Tiwari, Union Bank of India representing the IBA and all the Nine General Secretaries representing constituent Unions/Associations of UFBU was held on the 19th January 2015.  After thorough deliberations, UFBU pointed out the loose ends to be tied up and suggested for further improvements in the scheme.  IBA assured to take up the issues with the concerned and have another round of discussions.


 Meetings On Service Conditions of Officers’ And Workmen:In the meetings held separately on 14th and 19th January 2015 with Officers Organisations and Workmen Unions respectively, the issues relating to Disciplinary Matters of Officers, Regulated Working Hours, 5-Day banking and Improvements in Leave Rules were discussed.  Further discussions are to be continued.IBA also assured that they would further pursue the matter with Government and deliberate in the Managing Committee Meeting of IBA to be held on the            31st January 2015 with all sincerity and hold discussions with us in the first week of February 2015 to improve the offer further to reach finality.  
UFBU Meeting Held on 19th January 2015:


In this background, the representatives of constituent unions of UFBU met in Mumbai on 19th January 2015.   Extensive and comprehensive discussions were held to review in detail the developments on the Wage Revision front starting from the Conciliation held by the Chief Labour Commissioner (Central) in New Delhi on 5th January2015, followed by the Negotiations with IBA on 6th and 7th January 2015 and  also the Sub-Committee meetings held thereafter.  


It was unanimously opined that the IBA had to improve their offer from 11% to 12.5% because of the strenuous efforts of UFBU through strike actions/decisions.  The meeting also attributed the credit for the change in the adamant stance of IBA to all the members who made the strike a total success through their enthusiastic participation.


In the background of the assurance given by IBA towards expeditious wage settlement and also considering the positive developments since the conciliation meeting held on 5th January 2015, it was unanimously decided by the UFBU to put on hold the Four days’ continuous strike from 21st to 24th January 2015.  It was further decided to vigorously pursue the issues relating to regulated working hours for officers and 5-day banking along with satisfactory increase in offer from 12.5% of pay slip components.  It was also decided to revive the strike action if there is no satisfactory outcome in the next meeting and go ahead with 4/5 days’ strike in the month of February 2015.


Comrades, the united and determined struggle of all Officers and Workmen alone would bring success in achieving our goals and target. 
Be United - March ahead with solidarity and unity – Success will be ours.”
With greetings,        

             Yours sincerely,

               (K.K.NAIR)  

  GENERAL SECRETARY



CIRCULAR TO MEMBERS NO.1 OF 2015                                     1st January,2015


Dear Members,             

                                                 RE: “…Your Attitude, Not Your Aptitude will Determine Your Altitude…”                                                                                                                                                                                            -----o0o-----


We take this opportunity to wish you and your family members a very happy and healthy New Year. May the year 2015 usher in progress and prosperity  to every one.


As we step into the New Year, let us look back and draw inspiration from our achievements during the last year and determination to realise certain aspirations of officers as reflected in our pending issues.Simultaneously, we must strive hard to achieve the business growth of our bank in tune with our committed philosophy “Grow With the Bank”.


Amongst major achievements, revival of ESCORT Scheme occupies an important place.We could put the Scheme in operation in December,2014 with effect from 1st October,2013 enabling us to render a financial help of Rs.1,21,970/- each to Twenty Four widows/families of officers who died while in service.


In the last year, we could also get the Housing Loan Limit increased substantially with considerable increase in the number of instalments (50%), additional loan for repairs/maintenance/enlargement/renovations (150%) and reduction in rate of interest. Above all, newly introduced  Life Insurance Cover for the loan outstanding is a unique feature of the Scheme. This will safe guard the interest of the family of an unfortunate employee who has been snatched away from our midst  by the cruel hands of fate. 
Review of the Furniture Scheme with substantial improvements in the quantum and other officer friendly provisions has been another major achievement.Along with this, the bank could  put in place a Revised Performance Linked Incentive Scheme, happily with a retrospective effect from 2012-13, thereby eligible employees getting the incentives on 31st May,2014. The bank also commenced bilateral discussions to rectify deficiencies observed while implementing the Scheme for 2012-13.


The Grand Finale to the historic Golden Jubilee Celebration commenced in the year 2013, and concluded with a Get-Together of officers held in Mumbai on 12th September,2014.Attended and addressed by Dr Sanjeeva Reddy, internationally acclaimed senior Trade Union leader, President of INTUC-INBOC and a number of our Bank’s Top Executives, both present and past,viz. Dr K.C. Chakraborty, Shri M.Balchandran, Shri Arun Tiwari, Shri P.Srinivas, Shri Ranjan Dhawan & Shri B.B.Joshi and a large number of senior Executives together with a Mammoth gathering of officers who attended  the programme, made the event a memorable one.


 Synchronising with our Golden Jubilee Celebrations, our Association established our own Guest House at Daman(Union Territory) and launched Ladies Wing on 23rd February,2014. This important event was inaugurated by Shri S.S Mundra, Dy.Governor, Reserve Bank of India, the then CMD of our Bank. In her valedictory address, Smt. Vindhya Ramesh, General Manager(HRM) felicitated gathering of lady officers from various parts of the country. Since then, the Association has established such wings in a few Zones. We shall set up this wing in the remaining Zones as early as possible. Yet another endeavour in 2014 has been arranging a Training Programme in Mumbai on 8th and 9th October,2014, to train Defence Representatives. This was a long felt need, particularly in the context of increasing instances of disciplinary cases.
At the industry level, one of the long pending demands of UFBU viz. Scheme of Compassionate Appointments in Public Sector Banks has been considered favourably  with effect from 5th October,2014 on the lines of Central Government of India. We expect some amendments to be made to  this provision by the Government of India. 
Reaching an immediate Settlement on Wage Revision,has been the most  important priority for us in the current year.As you are aware,UFBU submitted the Charter of Demands for officers and workmen separately in October,2012.Since then, IBA had had a series of negotiations/discussions with UFBU. However, so far only two issues viz. effective date of Settlement on 1st November,2012 and merger of CPI at 4440 points stand resolved. Our major demands for Cost increase alongwith the Regulated working hours for officers  and 5 day week still stand unresolved. UFBU has, therefore, given a call for a series of Action Programmes including  one day strike on 7th January,2015, 4 days strike from 21st to 24th  January,2015 and indefinite strike from 15th March,2015 onwards all over the country. Our pursuit for a reasonable wage revision has now entered into a crucial phase. Let us all unitedly fight and overcome this phase successfully. 
Friends, let us  look forward to the New Year 2015 with enthusiasm  and put in  our concerted efforts for the growth of our bank, particularly in the context of the message personally delivered by our Executive Director Shri Ranjan Dhawan during the course of the Structured Meeting  with our Association in Mumbai on 29th December,2014.Await details.


With greetings,  

                               Yours sincerely,

                             (K.K.NAIR)    

                    GENERAL SECRETARY