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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*********

Tuesday, October 20, 2020

What is the need/utility of Indian Banks' Association (IBA) in Banking Industry

Indian Banks' Association (IBA) and its Need

(1) IBA is not a Body constituted by a Central Statute

(2) IBA is not covered under 'Right to Information' Act

(3) IBA is not amenable to judicial review

(4) IBA is only a voluntary Association of Bankers

(5) What 'locus standi' IBA can have in H.R. matters of Bank Employees?

(6) Then, why the hell IBA shall be involved in Bank Employees' Wage Negotiations?

(7) Keep IBA only as an 'Advisory Body' and nothing more than that

(8) Let Banks directly deal with Ministry of Personnel, Public Grievances & Pensions, in regard to H.R. matters concerning Bank Personnel

(9) Let Banks directly deal with Department of Financial Services (DFS), Ministry of Finance, New Delhi on Economical and Financial Matters and Reserve Bank of India (RBI) on Monetary and Regulatory issues


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