IBA to restrict the negotiations on Charter of Demands of Officers' Associations up to Scale-III only

Meeting of UFBU was held today at Mumbai. Com.K.K. Nair, Chairman of UFBU presided
over the meeting.

Wage Revision:

The meeting deliberated on the issue of our Charter of Demands
submitted to IBA and the discussions held so far. The meeting felt that the entire process
of discussions should be undertaken on a recurring and continuous basis in order to
complete the settlement in time. Holding meetings once in a month will not serve the
purpose and hence decided to urge upon the IBA to expedite the discussions so that steps
can be taken to conclude the final settlement in time.

Restrictions in negotiations:

The meeting expressed its strong protest on the decision of
the IBA to restrict the negotiations on Charter of Demands of Officers' Associations up to
Scale-III only and demanded that as hitherto, the discussions and final Joint Note should
cover all Officers up to Scale-VII inasmuch as the majority of these officers are members
of their respective unions and the wage revision exercise which has been a composite one
so far, should not be divided now which will create inter-scale conflicts and inequalities.
It was decided to pursue the matter with the IBA, if necessary and warranted, resort to
organisational programmes at the appropriate time.


Banking industry :
 increasing challenges:

The meeting deliberated in detail about the
developments taking place in the banking sector in the name of implementing the banking
reforms agenda of the Government. The meeting observed that instead of taking urgent
remedial measures to recover the alarmingly increasing bad loans in the Banks which are
threatening to drive the Banks into a serious crisis, the steps like MOU, PCA, FRDI Bill,
NPA Ordnance, IBC, etc. are only aimed to clean the Balance Sheets at the cost of the
Banks which represent the hard earned savings of the people rather than to recover the
money. On the other hand, while denying the Public Sector Banks of adequate capital
thus restricting their business expansion, freely licences are being given to the corporate
houses to open private banks, small banks, payment banks, etc. thus weakening the
Public Sector Banks. The meeting felt that very tough measures are required including
criminal action on wilful defaulters to recover the huge bad loans given to the corporate
houses, big business and top industrialists. It was also observed that the burden of the
corporate NPAs are put on the shoulders of the common public and banking clientele in
the form of hike in fees, charges, penalties, etc. for every type of normal banking services.

The meeting decided to launch struggle programme on the following demands and issues:

1. Do not privatise Public Sector Banks
2. Stop plans of mergers and consolidation of Banks
3. Do not write off corporate Non-Performing Assets(NPAs)
4. Declare wilful Default of Bank loans as criminal offence
5. Implement recommendations of Parliamentary Committee on recovery of NPAs
6. Ensure accountability of Top Management/Executives for bad loans and put in
place stringent measures to recover bad loans.
7. Withdraw proposed FRDI Bill
8. Abolish Banks Board Bureau
9. Do not pass on the burden of corporate NPAs on bank customers by hiking charges
10. Do not increase Service Charges in the name of GST
11. Reimbursement of cost of demonetization and other Government Schemes to Banks
by the Government.
12. Settle issues of Employees and Officers connected with demonetisation scheme.
13. Immediately fill up posts of Employee/Officer Director(s) in Bank(s)
14. Implement Compassionate Appointment Schemes in Banks as per Government
guidelines.
15. Removal of Gratuity Ceiling under Payment of Gratuity Act, 1972 & Total
Exemption of Income Tax on Gratuity and Leave Encashment on retirement
16. Pension related issues Improvements in Pension Scheme similar to
RBI/Central Government including for past retirees - Extension of erstwhile
Pension Scheme in banks in lieu of NPS - Follow-up of Record Note dated
25.05.2015
17. Adequate Recruitment in all cadres

PROGRAMME:

19TH JULY 2017
SAVE PUBLIC SECTOR BANKS’ DAY - COUNTRYWIDE
RALLIES, DEMONSTRATIONS, BADGE WEARING,
POSTERING

22ND AUGUST 2017
ALL INDIA BANK STRIKE

15TH SEPTEMBER 2017
MASSIVE MORCHA/RALLY IN DELHI BY 1,00,000 BANK
EMPLOYEES AND OFFICERS

BY OCTOBER/NOVEMBER
2017
2 DAYS CONTINUOUS STRIKE

Details of the agitational programme will be sent to you in due course of time

Comrades, on the one hand we have to settle the wage revision and achieve our demands
in time and on the other we have to oppose and resist these anti-people banking reforms.

We are sure that all our Unions and entire rank and file will rise to the occasion and make
the struggle and programme a GRAND SUCCESS.

With greetings,

 Sd/-
SANJEEV K BANDLISH
CONVENOR
UNQUOTE