In today's meeting with IBA we demanded increase from their earlier offer of 6% but iba proposed Performance related addl bankwise increase based on operating profit and ROA. UFBU did not agree and reiterated our demand. Further talks will continue in the next round. On merger issue UFBU to hold demonstrations on 9th oct in all state capitals and towns. UFBU will meet on 14th oct to decide further. Circular follows. AIBOA Secretariat.
All four Officers' organisations have made it very clear that unless the mandate issue is resolved the talks cannot progress. This issue will be discussed in the UFBU meeting.
In today's meeting with IBA we demanded increase in earlier offer of 6% but IBA proposed Performance related addl bankwise increase based on operating profit and ROA. UFBU did not agree and reiterated our demand. Further talks will continue in the next round.
All four Officers' organisations have made it very clear that unless the mandate issue is resolved the talks cannot progress. This issue will be discussed in the UFBU meeting.
In today's meeting with IBA we demanded increase in earlier offer of 6% but IBA proposed Performance related addl bankwise increase based on operating profit and ROA. UFBU did not agree and reiterated our demand. Further talks will continue in the next round.
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