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    Wednesday, 1 November 2017

    11TH BP SETTLEMENT WAGE REVISION TALKS WITH IBA DT. 27TH OCTOBER, 2017

    Bank Employees Wage Revision Talks with IBA Dt. 27th Oct, 2017

    ALL INDIA BANK OFFICERS’ CONFEDERATION
    (Registered under the Trade Unions Act 1926, Registration No.:3427/Delhi)
    State Bank of India Officers’ Association
    04th Floor, SBI Administrative Unit, No. 86, Rajaji Salai, Chennai- 600 001

    Circular No. 2017/59
    Date: 28.10.2017

    To All Affiliates/State Units/ Members
    WAGE REVISION TALKS WITH IBA

    We reproduce hereunder the full text of Circular No.UFBU/2017/22 dated 27th October 2017 issued by UFBU on the above subject for information of all concerned.

    Sd/-
    (D.T. Franco)
    General Secretary

    TEXT

    QUOTE:

    Dear Comrades,
    WAGE REVISION TALKS WITH IBA

    Further to the ongoing discussions in the Sub-Committee on non-financial demands, today, a round of discussions with the Full Negotiating Committee of IBA was held in Mumbai.

    From the side of IBA, Mr.R.K. Takkar(MD-UCO Bank and Chairman of the Negotiating Committee), Mr.V.G. Kannan(Chief Executive of IBA), Mrs.Usha Ananthasubramaniam(MD-Allahabad Bank), Mr.P.S. Jayakumar(MD-Bank of Baroda), Mr.Shyam Srinivasan(MD-Federal Bank), Mr.Prashant Kumar(DMD-SBI), Mr.B. Rajkumar(Dy.Chief Executive-IBA), Mr.S.K. Kakkar(Sr. Advisor-IBA) and Mr.K.S. Chauhan(Advisor-IBA) were present.

    From the side of UFBU, the following representatives were present:

    Com.C.H. Venkatachalam and Com.Rajen Nagar(AIBEA), Com.D.T. Franco and Com.Dilip Saha(AIBOC), Com. Sanjeev K. Bandlish and Com.Vinil Saxena(NCBE), Com.S. Nagarajan(AIBOA), Com.C.J. Nandakumar (BEFI), Com. Subhash Sawant(INBEF), Com. K.K. Nair(INBOC), Com. Ramnath Kini(NOBW) and Com.Sunil Deshpande (NOBO).

    We submitted the following main issues/points and wanted the response of IBA.

    o Wage revision process should be completed expeditiously

    o More frequent meetings/discussions to be held for this purpose

    o Data regarding establishment expenses, number of employees, etc to be provided

    o Negotiations must cover all Officers upto Scale-VII

    o IBA to make their initial offer on increase in wages

    o Fixing the Price Index upto which DA is to be merged with Basic Pay

    o Discussion on the issues pertaining to retirees viz.100% DA, pension updation, improvement in Family Pension, etc.

    o Introduction of 5 Day Banking i.e. remaining Saturdays also to be holidays.

    IBA responded as under:

    • IBA will hold frequent meetings to expedite the process.

    •Data on Establishment Expenses as on 31.03.2017 was provided. Further data would be provided shortly.

    • On the issue of fractured mandate by some Banks, Unions have to take up with the concerned Banks.

    • For officers, Performance related Variable Pay method to be introduced.

    • DA as on 31.10.2016 can be merged with Basic Pay.

    • Issues like 100% DA and updation are subjudice due to litigation.

    • On improvement in Family Pension, the cost aspect is being worked out.

    • For introduction of 5 Day Banking, the matter needs to be taken up with various stake holders including customers and Government, etc. before any decision is taken.

    There was a lot of discussion on these issues. From our side, we informed them as under:

    ♦ IBA should commence the meaningful negotiations by making their initial offer on wage increase.

    ♦ Entire exercise should be attempted to be completed before December, 2017.

    ♦ While we shall meet the top management of the concerned Banks on mandate issue, IBA also should also take initiative to resolve the matter as majority of the Banks have given their mandate for negotiations upto Scale-VII Officers.

    ♦ While we are for better performance, efficiency, more productivity, etc., any differentiated wage compensation will result in subjectivity, unilateralism, discrimination and may become demotivating and counter-productive.

    ♦ On DA merger point, Unions will discuss and come back in the next round of talks.

    ♦ On pension related issues, none of the Unions under UFBU have resorted to litigation.

    ♦ On introduction of 5 Day Banking, IBA should take necessary steps from now on.

    IBA took note of our views and it was decided to discuss the issues further in the next round of talks which will be held shortly.

    With greetings,

    Yours comradely,

    Sd/-
    SANJEEV K. BANDLISH
    CONVENOR

    P.S: It has been decided to hold a meeting of the UFBU at Mumbai on 13.11.2017 to take stock of the developments taking place in the banking sector and to further continue our struggle programmes as well as to work out our strategies to clinch an early and satisfactory wage revision.


    11TH BPS- Wage Revision Talks with IBA

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