BREAKING NEWS

BREAKING NEWS ""**If we want PSU bank to compete with Pvt bank ---Give them a break Saturday first*** DA FOR BANKER FROM FEBRUARY 2023 SEE DETAILS CHART FOR OFFICER AND WORKMAN***Outcome of Today’s meeting with IBA - 31.01.2023***All India Bank Strike 27.06.2022******PLEASE VISIT INDIAN TOURISM CULTURE & HERITAGE *****NITI Aayog finalised names of Two public sector banks and one general Insurance Co. for privatisation****No economic reason to privatise PSU banks---post date 24.05.2021******Mobile users may soon be able to switch from postpaid to prepaid and vice versa using OTP*****India May Privatise or Shut 46 PSUs in First 100 Days, Says NITI Aayog's Rajiv Kumar----We should start with the banks*****Expected DA for Bank Employee from August 2019 is 24 slab to 29 slab*****RTGS time window from 4:30 pm to 6:00 pm. with effect from June 01.06.2019******WITHOUT CUSTOMER'S CONSENT BANK CAN NOT USE AADHAAR FOR KYC ----RBI***** Salient features of Sukanya Samriddhi Account---Who can open and how?******OBC posts 39% rise in Q4 profit, OBC readt tWITHOUT CUSTOMER'S CONSENT BANK CAN NOT USE AADHAAR FOR KYC ----RBI o take another Bank--MD MUkesh Jain*******DA FOR BANKER FROM NOV 2018 IS INCREASE 66 SLAB I.E 6.60%****40,000 STANDARD DEDUCTION IN YOUR TAX - IS A GREAT DRAM/BLUFF BY JAITLY SEE DETAILS+++++++Cabinet approves plans to merge PSU banks-The final scheme will be notified by the central government in consultation with the Reserve Bank. post date 23.08.2017****IBA to restrict the negotiations on Charter of Demands of Officers' Associations up to Scale-III only post dated 07.07.2017*****

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BREAKING NEWS ""**If we want PSU bank to compete with Pvt bank ---Give them a break Saturday first****Outcome of Today’s meeting with IBA - 31.01.2023*********

Monday, July 30, 2018

11th BIPARTITE TALKS as on 30th July 2018 at Mumbai at 11.30 a.m

 11th BIPARTITE TALKS :--
Today, on Monday the 30th July, 2018 talks regarding 11th Bipartite Settlement were held between IBA and UFBU at IBA office, Mumbai at 11.30 am. After the full Negotiating Committee Meeting on 5th May, 2018, when IBA made an offer for 2% hike on Pay Slip, Negotiating Committee met for first time after almost three months' gap. IBA Chairman made an offer for 6% hike on salary slip. The offer was declined by UFBU as it did not satisfy our expectations. Other Points Discussed :-- 1. We wanted salary negotiations to be held upto G.M. level as was practice during earlier settlements. But IBA firmly declined this demand. Negotiations to be held only upto Scale III. 2. Last sub-committee meeting on Medical Insurance Scheme was held on 16.05.2018. Today on behalf of Insurance Co.’s; IBA proposed hike in annual premiums as under :-- In Service Employees : 30% hike in premium is proposed. For Retired Employees : with Domiciliary Treatment Policy hike of 144% is proposed The hike for without Domiciliary Treatment is proposed at 110%. 3. During 10th Bipartite 2nd & 4th Saturdays were declared as Holidays. UFBU demanded that all Saturdays and Sundays should be Holidays. IBA promised to come back after discussing the issue with stake holders. 4. About demand of increase in Family Pension, IBA asked us to give our logic and calculations in writing. 5. For having necessary infrastructure to deal with Medical Insurance Co.’s, next meeting between IBA and UFBU is scheduled on 8th August 2018. 6. After proposed hike in Medical Insurance Premiums, Banks are requested to deliver letters accepting continuation with present scheme. They have an option to go back on old Medical Bill Reimbursement Scheme of their own. For this purpose meeting between BANKS and IBA is fixed on 4th August 2018. 7. Legal Cases of Frauds in which Bank officials and lower level personnel is subjected to Police/CBI enquiries and actions, are to be decided by respective Bank Managements and their Boards. IBA asked Unions to take up this issue with respective Bank Boards. 8. Next round of talks on 11th Bipartite may tentatively be held on 27th/28th August 2018. Before that Medical Insurance Sub-Committee will meet on 8th August 2018. 9. On 18th August 2018 separate sub-committees for Workmen and Officers will meet separately. No positive result has come so far. Let us hope for better on 27/28th August 2018, during next round.

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