BANKING UPDATES

August 14, 2015

Pensioners' Issues - AIBOA writes to UFBU Convener on RECORD NOTE DT 25 5 2015

August 11, 2015

Com.M.V.Murali
Convenor-UFBU
HYDERABAD

Comrade,

REG: RECORD NOTE DATED 25.05.2015

We are confident that the communication dated 04.08.2015 addressed by the General Secretary, All India Bank Retirees Federation must have been received by you pertaining to 100% DA for the retirees prior to 01.11.2002.

2. It was clearly communicated by our organisation vide our letter dated 06.02.2015, in response to AIBRF letter addressed to you that all 5 unions should be invited to intimate the various twists and turns in resolving the issues by IBA.

3. To arrive at the cost involved in all the three issues viz.,

[i] 100% DA prior to 01.11.2002
[ii] Family Pension – 30% as that of RBI
[iii] Updation of pension based on the time tested formula.

We should insist for the details from IBA on priority basis.

4. We are confident that the emphasis to resolve the retirees matter should be taken under any other matter with permission of Chair in the proposed meeting on 16.08.2015.

Please acknowledge receipt.

Yours Comradely,

(S NAGARAJAN)
GENERAL SECRETARY

cc to :

All constituents of UFBU
President/General Secretary -All India Bank Retirees Federation

AIBOC-ISSUE OF SECOND AND FOURTH SATURDAYS OFF

Message from AIBOC:

Dear Comrades,

ISSUE OF SECOND AND FOURTH SATURDAYS OFF

A lot of queries are being received by us on implementation of second and fourth Saturdays off in
Banking Industry. We understand the anxiety as the issue which is very important, the most cherished and agreed demand of AIBOC, is being delayed in its implementation.

A few individuals from other organisations who were never serious about the demand or were even
creating hurdles in its achievement, are now shedding crocodiles tears. These paper tigers are
provoking common members by giving false information.

Let us advise you that in-principle approval of Govt. and RBI is already in place on the settlement
signed with IBA and more specifically on second and fourth Saturdays off. We are in continuous touch with DFS & IBA officials and have been following the issue. The delay is on account of some
clarifications being sought by authorities which are replied by officials down the line and IBA.

As a responsible Organisation we are vigorously following up and pursuing the issue. However, we cannot make any irresponsible statement of starting any agitation etc. at the present stage. One upmanship is not our objective. We are committed to our members and are endeavouring that fruits of our undeterred efforts for achieving this objective is reaped by them positively.

We are sure that IBA, Govt. & RBI can not deviate from implementation of 2nd & 4th Saturday off. We intend to wait for another week or so and shall review the position before taking any stand on the issue including start of agitation with due information to other constituents of UFBU.

August 8, 2015

AIBEA - Nationwide Strike on Sep 2, 2015

August 3, 2015

Master mediclaim policy for bank employees to be issued through IBA by month-end

All state-run general insurers are likely to issue a master mediclaim policy for bank employees through Indian Banks Association (IBA) by this month end. As per the new wage agreement reached between bank unions and the IBA on May 25, employees of all the 43 member banks are to be provided with a health insurance cover by their respective banks.
"Our discussions are on with the IBA on the health insurance cover for bank employees as part of the wage pact," New India Assurance chairman and managing director and chairman of General Insurers (Public Sector) Association ( GIPSA) chairman G Srinivasan told PTI. However, he refused more details saying "things are still on the drawing board." "This is for the first time a proper health insurance policy is being worked out by banks for their employees,"