BIPARTITE MEETING UPDATE AS ON 14TH SEPTEMBER

Today meeting on Medical Insurance called by IBA took place with IBA officials along with GM HR of 3 banks. All UFBU representatives were present. IBA officials apprised the discussions they had with banks, Insurance Company, DFS etc vis a vis premium charged by the insurance company and placed certain offers for our consideration for both working & retiree officers/ employees. Data of last 3 years was also presented. We gave our point of view on issues raised as also responsibility of banks towards their employees etc. After the meeting UFBU separately discussed all related issues and decided to submit our suggestions by Monday to IBA by keeping the basic scheme intact with minor adjustments for Working as well as retirees.