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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*********

Thursday, January 30, 2020

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After that they told these all offers are only acceptable if strike withdrawn.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.

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