March 17, 2015

II ROUND - SUB COMMITTEE MEETING ON OFFICERS ISSUE

Dear Comrades:

II ROUND - SUB COMMITTEE MEETING ON OFFICERS ISSUE

In continuation of the earlier meeting held on January 14, 2015  one more round of discussion on Officers  issues, was held at IBA office today(16.03.2015), at 3.00 pm.  IBA was represented by Sh. Ashwini Kumar, CMD, Dena Bank, Sh. Shailesh Verma, CGM, SBI, Sh.M.V.Tanksale, CEO, IBA, Sh. 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   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    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.

Yours Comradely,

 (S. NAGARAJAN)                

GENERAL SECRETARY

March 11, 2015

Next Meeting with IBA on 16th & 17th of March

10 BPS Small Committee Meeting with Officers on Monday the 16th March 2.30pm and with Workmen on Tuesday the 17th at 11 a.m at IBA office Mumbai.(For deciding distribution of 15% increased wage fund among Officers, Workmen and sub staff )
Kindly note that
1. How the 15% increased wages will be added in basic salary will be decided in this meeting.
2. Approximately 10-13% flat increase will be given on the basic salary after merging 60.15% DA, Remaining 2 to 5 % increase will be distributed among other allowances like
HRA, Conveyance etc.

3. Arrears will be paid w.e.f
1 November 2012.

4. Funds for retirement benefits have been allocated separately i.e 3330 Crore rupees. Hence 15 % increased wages of working employees doesn't include increase in retirement benefits of retired employees.

5. Correct salary calculation/increase chart will be circulated based on the mutually acceptable decisions taken in the meetings taking into account the pay load to be beared by the banks.

Previously circulated message conveying that
"only 2% increase will be given on the basic salary circulated by others was baseless hence unreliable".