I1 th Bipartite Development ÷As on 14.11.2017-*THERE WAS NO OFFER FROM IBA on wage revision

I1 th Bipartite Development

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Tuesday. 14 November, 2017
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Dear Members,

Sub : XI th BIPARTITE
Core Committee
Meeting.

Today at IBA office in Mumbai "Core Committee Meeting" between IBA and Workmen Unions took place.

*Nothing worth mentioning here has happened.*

ISSUES DISCUSSED :

1. *Demonetisation days' Overtime Payment* : IBA has already issued a Circular Letter informing all member Banks that if Overtime Duty was performed as per Office Order or approved by branch, then, Overtime Allowance may be paid.

2. *Leave Matters* : Only discussions took place. But it remained inconclusive. Topics discussed were : Leave Bank, PL Accumulation, PL Encashment, Sabbatical Leave, Child care Leave, Study Leave, Extraordinary Leave.

3. *Disciplinary Actions and Procedures* : During last meeting a sub - committee was appointed in this regard. Only discussion and exchange of views took place.

4. *Overtime* : Late sitting due to CBS system prolem was the centre point. Amicable solution on this issue may come out during future meetings.

*Stagnation Increments* : Unions demand Improvement in stagnation increments Scheme. Only primary discussion took place.

*Offer on Wage Revision* : Entire data from member banks will be received by IBA within next ten days. Data is about expenses on staff and profits.

*THERE WAS NO OFFER FROM IBA on wage revision.*

*Next Meeting* : There was no hint from IBA in this regard. But they will soon inform the date to Unions.