We are not only silent Bankers. We know to raise our demands strongly

We are the Bankers!

I still remember the tough time bankers faced during demonetization. Finally we were rewarded with blame of its not desirable results.
We were silent.

I still remember when FM was announcing biggest banking mergers of Indian History.
We were silent.

I still remember when Jan Dhan Yojna was announced and huge pressure was created on PSBs to open maximum accounts..
We were silent.

I still remember when Mudra loan scheme was announced & huge pressure was made to distribute mudra loan wo bhi strictly "without security"
We were silent.

 We still face continuous pressures from government time to time for making various Gov schemes successful. (APY, SGB, Mudra, Jan dhan Yojna, PMSBY, PMJJY, PMFBY and much more)

We are affected by multiple regulators: RBI, SEBI, IRDA, FM, IBA etc.. Now days DM, local MLAs, MPs, everybody is creating its own pressure on banks for GoI schemes/ wrong doings.

So what we are for??
For serving Nation, building national economy
or
for making profit for our organization?

We do not come under Central Pay Commission.

Every 5 years we have to *"negotiate"* with GoI for our demand.

So we are on strike for our demands which is pending since long. Our salary is deducted on the strike days... We are not paid on the days when we fight for our demand.

Remember!!!!!
We were initially offered 2% only showing us our importance in Indian economy.

*"Hum hamara huq maangte, nahi kisi se bhik maangte"*

So let's come on to the roads where ever we are. Spend few time at least and join your local protest rally. Let's show to the GoI,
"We are not only silent Bankers. We know to raise our demands strongly "

In last 11 yrs in banking industry branches increase 67% where as staff increase only 22% see detail's

I just want to ask God, why can't you see our tears. This is just not a salary matter, we are starving for basic needs(compare peon salary with us) , basic family union needs, by working on holiday, by doing non banking works, by sitting late because of staff shortage.

We need 5 day banking and regulated working hour for officers.

DA INCREASE 42 slab i. e 4.2%

*DA ALERT*               

DA increase :  42 slabs, i.e., 4.20%, total DA 759 slabs, 75.90% from February 2020.

Details  chart and calculation will be upload after few hours.

DA INCREASE FOR BANKER FROM FEB 2020 IS 4.2%

*DA ALERT*                 

DA increase :  42 slabs, i.e., 4.20%, total DA 759 slabs, 75.90% from February 2020.

Details  chart and calculation will be upload after few hours. 

IBA SPREADING LIE NEWS OF 19% ITIS ACTUALLY 15.314% SEE DETAILS CALCULATION

#SHAME_LESS_IBA 😡😡

1. IBA openly accepting that Economy of Country is going through Testing Times.
But we at Branch level bankers are not responsible for it.
2.IBA spreading lie that they offered 19% to bankers on demand of 20%, still Union called BankStrike
IBA lie of 19% hike
(15% in payslip components
+2.5 PLI+1.36 as 5 day Pl encashment).
Facts 👇
15% to payslip component
+0.20( 2.5% for 12 months as PLI )+0.114(5 day PL Encashment 1.36 in year and 1.36/12 in one month) =15.314% only
Worse part Load Factor only 2% & No Special Basic merger.

3.IBA claiming 5DayBanking not possible due to tough times of Economy.
Then how RBI, DFS, CVC, NCLT, Ministry & other Central/State dept. working in 5 day week? Are they not serious for country's Economy Slowdown?
Supreme Court Calender 2020
136 Days closed in 366 Days.
Summer Break of 1 & 1/2 Months.
But Media will never highlight, Even when Lacs of cases pending.

But if Bankers call BankStrike of 2 Days, they show like Economy will crash rather showing reason behind their Call.
Dear
@ChairmanIba
 it took u 40 Rounds of Meetings, 810 Days, more than half dozen strikes, countless Agitations to resolve Bankers Salary issue, Still u failed miserably there.
Shame on IBA on making a statement like this.

Your so called irresponsible behaviour made us wait for a settlement which is due from 2017.

Five days banking is valid demand of banker

Dear IBA kindly use that alternative delivery channels on other 26 days too so that a banker can stay in peace.
When we want to do any work related to other govt office we put leave and go.
Let's others too understand this.
Why a banker doesn't deserve 5 day banking???
Give me another good reason plz.

Details discussion of today's bipartite talk

Today Negotiations for 11th BPS started at 11.30am at IBA Office Mumbai. Negotiations committee chairman first  offer to start negotiations if two days strike of UFBU withdraw. UFBU Clear their stand by reminding 12points demand. After that Chairman cleared all the points

1.Offer 13%on pay slip comprising a cost of Rs 6845crores. He further clarified that if we take load of 2%then cost will escalate to Rs. 12391crores which will come to 14%.

2.On 5day banking they told to continue the discussion but there was not any commitment.

3.On merger of spl pay component 7.75% they offer to merge within over all component which was not acceptable at all.

4.On revision of pension n family pension they had offer to talk but outside the perview of 11BPS which was not acceptable.

5.On staff welfare,  Income tax n Equal wage for equal work they have told that it is under Govt jurisdiction.

6.On uniform banking hours n restricted working hours they had told that we are doing business n it is not in our hand.
7.On introduction of leave bank- Not acceptable.

8.On PLI they told to relook.
After that they told these all offers are only acceptable if strike withdrawn.

UFBU met separately n rejected these offers.
2nd Round discussion started at 2.10pm IBA Offered 13.5% which was also not acceptable.

Again UFBU discussed separately n told that without commitment of 15%on pay slip we can not move further.Then meeting adjourned.

      In the meantime when we were on the way to Hotel we had been called at SBI Corporate office to discuss further in which IBA chairman offered 15% including load factor,  5days PL encashment n spl pay which was not acceptable.

 This was the development. Hope our rank n file will understand the position n will actively participate in the two days strike to make a grand success.

IBA OFFER 19% including PLI

31st January & 1st Feb Bank Strike Stands

Again talk failed just now ....Strike Stands.....
This is a do or die situation....Be prepared for massive fight for your existence....
Now the leadership has proved that they are ready to accept any challenge.Now it is the turn of membership to give their fullest endeavor to secure their future......
Sanjay Das....Jt Gen Secretary,AIBOC....

Strike stands.

Make strike successful.

*There is a great difference between 'Strike' and 'Holiday'*. We must understand it.

Number Does count in a democratic set-up. So, please do not sit in your home on 31st Jan & 1st Feb Please do participate actively in demonstration on 31st Jan and 1st Feb.

The louder the voice, more audible it is.

 *Demonstration is not the DUTY of only FEW selected persons. It lies on us too*.

So, please show your strength by your active participation.

💪Swapan , Bhattacharya
OBCOA

IBA OFFER 15% but not accept other condition --- two days strike continue

Dear Comrades,
After meeting at IBA and rejection of their offer of increase of 13%, UFBU decided to proceed with Strike call. Thereafter, Chairman IBA called UFBU for further discussions. The increased offer to 15% but not agreed on load & other issues. Offer not accepted by UFBU. STRIKE STANDS. All our Comrades are advised to take part enthusiastically for 31st Jan & 1st Feb 2020 and continue to implement other agitation programs.

Immediately should close all loss making psu rural branch

Close all loss making rural branches which are providing service to rural people since decades with out any profit where private banks will never open their branch because they don't want their branches to run on loss. Then why we PSB run these branches at the cost of our salary. Every time in wage revision IBA says that we are in loss so we cannot increase salary. Why we employee and our family should suffer by serving rural India when govt is not in a position to bear this loss. We should demand govt to componset loss incurred by PSB for running these rural branches.

CAN I GO ON STRIKE?????

*CAN I GO ON STRIKE?*

*1.  I am on Probation, CAN I GO ON STRIKE? What about my confirmation?*

There is no restrictions on participation in strike during probation period. It is a right and duty of an employee to observe the strike as per the call given by his union / Association. Strike will not affect someone’s probation. Still if there is some misunderstanding contact your Union / Association Representative.

*2.  I am going to retire within a year, CAN I GO ON STRIKE? What about my Pension / Gratuity?*

For Terminal Benefits like Pension, Gratuity, Leave Encashment the notional salary is considered. Any reduction in salary due to strike is not affecting your terminal benefits. It is affected only in case of any suspension / loss of pay (other than strike call) and other punishment like reduction in pay scale etc.

*3.  I am retiring this month, CAN I GO ON STRIKE? What about my Leave Encashment?*

For Terminal Benefits like Pension, Gratuity, Leave Encashment on retirement etc.  the notional salary is considered. Any reduction in salary due to strike is not affecting your terminal benefits. It is affected only in case of any suspension / loss of pay (other than strike call) and other punishment like reduction in pay scale etc.

*4.  I am scale iv and above, CAN I GO ON STRIKE?*

Officer of any scale is an officer, When Union / Association is fighting for his welfare / benefits he must observe all the call of union / association. Till BPS 10 all wage settlement are finalised for all scale officers from scale 1 to scale 7. UFBU is always fighting for the wage settlement for All scale as always. There is a misconception and fear  created by interested corners to stop scale 4 and above officers to participate in strike to divide us. All organisations under UFBU are determined to fight out for the wage settlement for the officers of all the scale. And officers of all the scales must observe the Strike Call and all organisational calls to support the fight for justice.

*5.  I am on leave during this period, CAN I GO ON STRIKE?*

After the strike call is declared the Member should not plan his leave for that period. If leave during that period is already applied for and already sanctioned before the strike call Member must request the SDO (Salary Disbursing Officer) to consider himself/herself on strike and get the salary deducted.

*6. Some of my colleagues are not going on strike, CAN I GO ON STRIKE?*

Don’t abstain yourself from observing the strike call given by your organisation because somebody is not going on strike. Instead educate that colleague. Explain him the importance of our Unity and strength of collective bargaining. Take help of other friends and union / association representative to educate that friend who are thinking not to go on strike and convince him/her to observe the strike call. Strike is for all of us.

Next bipartite talk on 31.01.2020 at 11.00 a. M

CONCILIATION MEETING WITH CLC IN DETAILS

Message from Shri Sanjeev Kumar Bandlish, Convenor UFBU:

Today there was a conciliation meeting by Chief Labour Commissioner. IBA wanted unions to defer the strike after which they will call for further talks. We refused. CLC advised IBA to hold talks before the strike to try to resolve issue. There was no commitment from IBA in this regard. Hence go ahead with the strikes.

Sunil Kumar, President
Soumya Datta, General Secretary

Merger effects BOB reported net loss 1407 cr

*Bank of Baroda posts surprise loss in Q3 as provisions swell*

The state-owned lender reported a net loss of ₹1,407 crore as against net profit of ₹471 crore in the year-ago period.

BoB's provisions rose 54% on a year-on-year basis to ₹6,365 crore. The bank's gross bad loan ratio, total bad loans as a percentage of total advances, fell 48 basis points (bps) y-o-y to 10.43%. Its asset quality pressures continued in the December quarter as loans worth ₹10,387 crore turned non-performing. Of this, ₹4,509 crore was owing to RBI's divergence report that found under-reporting of bad loans

Latest update of pension updation case

Based upon the information given from time to time, latest position (REVISED) of case filed  by some retirees group so far is as under:*

*01)* Writ No. 8718/2018 for enhanced gratuity to be made effective from 01.01.2016: Earlier dates were 23.07.2019 & 16.10.2019.  Next date is 19.03.2020.

*02)* Writ No. 867/2019  for inclusion of DA, Spl Pay, Division by 26 Days for calculation of Gratuity: Next date is 03.02.2020.

*03)* Writ No. 4532/2019 for inclusion of Spl Pay in salary as per court decision to calculate Pension & Updation of Pension: Earlier date was 28.08.2019. Next date is 19.2.2020.

*04)* Writ No. 11846/ 2019 for tax exemption limit on Leave Encashment to be at par with Govt Employees: Earlier date was 08.11.2019. Next date is 04.05.2020.

*Updation of Pension is included in Case No. 3, as advised. Hope information is complete now.*

Reply of IBA'S letter from UFBU regarding on going strike

LETTER  No.UFBU/2020/02                                           Date : 24.01.2020



To
Deputy Chief Executive,
Indian Banks’ Association
Mumbai

Dear Sir,

Reg: Ongoing bipartite negotiations for Wage Revision Settlement

Ref:  Our Strike Notice and Your Letter No. 8572 dated 21-01-2020

We are in receipt of your above letter and take due note of the contents.  We wish to clarify our position as under:

1. It is true that so many meetings, rounds of discussions and negotiations have taken place but our core demand i.e. adequate wage increase has not been resolved by the IBA so far.

2. As early as 12th January, 2016, the Department of Financial Services, Ministry of Finance had advised all the Banks and IBA as under: 

“ I am directed to refer to the subject cited above and to request Public Sector Banks to initiate the process of negotiations/next wage revision of the employees and conclude it prior to the effective date i.e. 1.11.2017.”

3. The bipartite talks were commenced by IBA on 2-5-2017 but only on 5.5.2018 i.e. after a period of 12 months, the IBA came forward with their initial offer of 2%.  This is proof enough that the delay has been on the part of IBA.

4. Having regard to unabated inflation, increasing workload on the workforce, relativity issues, etc. we have been demanding and expecting a fair and reasonable  offer from the IBA so that the issue can be clinched amicably.  But IBA had its own plan and had improved the offer to 6% in  July 2018 and to 8% in November, 2018, to 10% in February, 2019, to 12% in September, 2019 and now to 12.25% in January, 2020. It took 20 months for IBA to improve their offer to this level knowing fully well that when last time the settlement was at 15% and such lesser offers would not be agreed by the Unions.

5. Hence unless IBA can offer some reasonable and acceptable increase, the issue cannot be clinched so easily as IBA expects.

6. Regarding Performance Linked Incentive, we have repeatedly clarified and IBA too has confirmed that the same would be over and above the wage revision increase agreed at a common level for all the Banks.  Now linking it along with the offer on wage revision and giving an impression that the waged revision would be at 12.25% + 2.74% i.e. 14.99%  is unfair and hence not proper.

7. Further we have been repeatedly reiterating our demands like adequate additional loading instead of limiting it to 2%, merger of Special Allowance with Basic Pay, 5 Day Banking, defined working hours for officers, updation of pension, etc., but IBA’s standpoint on these issues is totally negative as observed in the recent meeting held on 13-1-2020 also.

8. Even though we are equally eager to resolve the issues and arrive at a mutually acceptable settlement at the earliest, the IBA’s rigid standpoints does not leave any room to do so.

9. Hence, left with no other option, UFBU had to decide to launch agitational programmes and strike action to highlight our just demands.  If there is adequate improvement in the offer and change in the approach of the IBA, we shall certainly consider to review our agitational programmes.

Looking forward to the same and thanking you,

                                                                                          Yours faithfully,

Indefinite Bank Strike from April and 6 days bank close on March 2020

.              **** Indefinite strike ****

Now as per demand of all Bankers, action plan of #Indefinite_strike came. We must appreciate in this action plan of UFBU, and give full support and participate in this Indefinite strike.

    #3_day_strike in March is Very important, as it covered 6 day Bank strike including Holi and 2nd Sat-sunday.

    Still We are sure that many of us criticise this action plan also, as they are born for criticise not for action.

Details on bipartite talk on 13.01.2020

#Todays_Bipartite_episode...

IBA team was led by IBA Chairman Mr. Rajnish Kumar, who is Chairman of SBI.

The following discussion took place :

*1.*  *Revised Offer :* The offer for hike in Fixed Pay was enhanced from 12% to *12.25 %* on pay slip. This offer is with 2% loading. "In view of overall difficult financial condition of Banks, it is not possible to go beyond this offer," was made clear by IBA.

*2.* *Spl Allowance :*  Due to extra financial burden IBA refused the Demand for Merger of Spl Allowance with Basic.

*3.* *Five Day Week :* IBA flatly refused this Demand raised once again.

*4.* *PL Encashment :* At present PL can be encashed (i) on retirement (ii) while availing LFC.

A NEW channel for PL Encashment will be introduced. Employees can encash *5* days' PL every year against available balance.

As special case, those employees having less than 5 years' remaining service, shall be able to encash *7* day PL every year against balance available. 

*5.* *Family Pension :*  IBA is working on enhancing it. They have accepted that it is not adequate.

*6.* *Pension :*  For enhancement, cost factor is prohibitive. IBA is working on it. But they have not committed anything in this regard.

*7.* *Performance Linked Incentive (PLI) :*

As per suggestions made by Unions IBA came out with Revised Offer as under :

*It is payable on year on year increase in Operating Profit.*

*A*  If Op Pft increase is between *5 to 10 %,* the Incentive will be 2.75 % which equals 10 days' salary.
*B*  if Op Pft increases by *10 to 15 %,* the Incentive will be 3.84 % which equals 14 days' salary.
*C*  if Op Pft increases by *15% & above,* Incentive will be 5.75 % which equals 21 days' salary.
*D*  For those Banks *which could not register NET PROFIT,* but it's Op Pft increase is above 5% *:* the PLI will be @ 2.75% or 10 Days' salary.

Great UFBU leaders... Great effort 👎

AINBOF NEW DEMAND BEFOR 13January Bipartite Talk with IBA

Memorandum to Hon'ble Finance Minister seeking exemption of entire Leave Encashment amount from deduction of Income Tax.

BSNL GET 3000 ce lic for 4G

The government has provided a letter of comfort (LoC) to the tune of Rs 30,000 crore to BSNL, which will enable the state-run telecom firm to raise loans to meet its capital expenditure. As per sources, earlier the LoC was in the range of Rs 15,000 crore to Rs 20,000 crore, but now it has been raised, as the company will be rolling out its 4G network, for which it requires at least Rs 12,000 crore.

Besides, BSNL has to pay its vendors, the dues for which run into over Rs 10,000 crore. For instance, network provider Nokia alone has over Rs 2,000 crore of dues pending from BSNL.  The sources said clearing Nokia’s dues is one of the top priorities of BSNL before it comes out with a tender for rolling out its 4G network. BSNL has sought a loan of Rs 4,000 crore to Rs 5,000 crore from State Bank of India

(SBI) to meet its immediate capex requirements. The loan is likely to be approved soon. Over the past few years, the state-run firm has secured loans of around Rs 20,000 crore and will raise another Rs 10,000 crore in the near future.

The government has cleared a Rs 70,000-crore revival package for BSNL and MTNL, but the LoC will be over and above the package.

The biggest chunk of the revival package, Rs 29,937 crore, will be towards a voluntary retirement scheme (VRS) for employees above 50 years of age. This will comprise Rs 17,169 crore ex-gratia amount and Rs 12,768 crore towards pension, gratuity and commutation. Of the 1 lakh eligible employees for VRS, 78,560 have opted for the scheme. By the end of January 31, all these employees will be provided a retirement package.

The government believes that by reducing the huge workforce of the firm, 1.65 lakh employees of BSNL for instance, which eats up 77% of its revenues in payment of salaries, the companies can become competitive and profitable over a period of time

Apart from VRS, the government will be providing Rs 23,814 crore towards administrative allocation of 4G spectrum to these firms. The two firms will also raise long-term bonds of Rs 15,000 crore for which sovereign guarantee will be provided by the government. With this amount the two firms will restructure their existing debt and also partly meet their capex, opex, and other requirements. The government also said the two PSUs would monetise their assets like land etc worth Rs 38,000 crore over a period of four years.

United bank and syndicate bank has written to Govt for new name after merger

According to a source, Unnk ited Bank of India has written to the Govt seeking a new name for the entity formed out of its merger with  Punjab National Bank and Oriental Bank of Commerce. Syndicate Bank, which is to be merged with Canara Bank, is also planning to write to the Govt seeking a new name for the merged entity, according to a top official in the bank. Notably, the committee looking into branding exercise in case of PNB, OBC and United Bank of India merger is also looking to seek help from an external agency for an appropriate name of the merged entity. The change in bank’s name would be a long-drawn process as it would need parliamentary approval a gazette notification.
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