BREAKING NEWS

BREAKING NEWS ""**If we want PSU bank to compete with Pvt bank ---Give them a break Saturday first*** DA FOR BANKER FROM FEBRUARY 2023 SEE DETAILS CHART FOR OFFICER AND WORKMAN***Outcome of Today’s meeting with IBA - 31.01.2023***All India Bank Strike 27.06.2022******PLEASE VISIT INDIAN TOURISM CULTURE & HERITAGE *****NITI Aayog finalised names of Two public sector banks and one general Insurance Co. for privatisation****No economic reason to privatise PSU banks---post date 24.05.2021******Mobile users may soon be able to switch from postpaid to prepaid and vice versa using OTP*****India May Privatise or Shut 46 PSUs in First 100 Days, Says NITI Aayog's Rajiv Kumar----We should start with the banks*****Expected DA for Bank Employee from August 2019 is 24 slab to 29 slab*****RTGS time window from 4:30 pm to 6:00 pm. with effect from June 01.06.2019******WITHOUT CUSTOMER'S CONSENT BANK CAN NOT USE AADHAAR FOR KYC ----RBI***** Salient features of Sukanya Samriddhi Account---Who can open and how?******OBC posts 39% rise in Q4 profit, OBC readt tWITHOUT CUSTOMER'S CONSENT BANK CAN NOT USE AADHAAR FOR KYC ----RBI o take another Bank--MD MUkesh Jain*******DA FOR BANKER FROM NOV 2018 IS INCREASE 66 SLAB I.E 6.60%****40,000 STANDARD DEDUCTION IN YOUR TAX - IS A GREAT DRAM/BLUFF BY JAITLY SEE DETAILS+++++++Cabinet approves plans to merge PSU banks-The final scheme will be notified by the central government in consultation with the Reserve Bank. post date 23.08.2017****IBA to restrict the negotiations on Charter of Demands of Officers' Associations up to Scale-III only post dated 07.07.2017*****

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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, October 26, 2023

Bipartite update as on 25.10.2023 meeting with IBA

25 Oct, 23

   XII BIPARTITE SETTLEMENT
*Core Group (Officers) Meeting*

Chairman of Core Group (Officers) Committee Shri Om Prakash Mishra, DMD - HR & CDO - SBI held Meeting of the Group with the representatives of Officers' Associations for further discussion on the Charter of Demands at Committee Room of IBA, World Trade Center, Cuffe Parade, Mumbai - 400 005.

The Meeting took place on Wednesday 25 October, 2023.


The Discussions :
÷÷÷÷÷÷÷÷÷÷÷÷÷÷
1) Demand for all existing Stagnation Increments upto scale V should be converted to regular Increments after one year from reaching max of the scales. With it removing present anomaly in Fitment on Promotion. IBA could not consider it favourably to encourage career building and promotions. However, depending on cost factor, IBA may revisit this demand.

2) Demand for Merger of present 8 scales to be reduced into two scales was rejected by IBA.

3) In line with the provisions of Award staff, Officers should also be given one Increment for passing JAIIB and *two Increments for passing CAIIB* was agreed for consideration by IBA.

4) Demand for de- freezing FPP was dropped due to it's effect on cost.

5) PQP : Instead of consolidated amount demand was put for 1 & 2 Increments respectively for JAIIB and CAIIB passing. IBA showed positive signal.

6) IBA has not agreed for Introduction of self lease for Officers.

7) Closing Allowance to be enhanced and paid quarterly - thus demand will be discussed further. IBA may consider quarterly closing allowance of ₹ 1500.

8) Areas declared as SEZ/ NEZ/ EPZ - the branches coming under these areas should be treated on par with Metro Centres for all Allowances and perquisites. IBA is studying this demand.

9) IBA has agreed in principle - introducing incentive for Rural and other sensitive/ difficult areas.

10)  On Officer's demand for removal of restrictions of minimum of 7 days for Officiating in higher grade and rationalised formula for Computation of Officiating Allowance, IBA has asked Associations to suggest formula.

11) For various Demands of improvements in Leave Rules, IBA has formed a separate Sub Committee on Leave matters.

12) IBA may consider following Demands with logical conditions :
a. Revision of Conveyance allowance to special employees.
b. FULL Pension to Physically Challenged employees at 50% of pay irrespective of service rendered.
c. Visually impaired employees should be permitted an escort for availing LFC. The entitlement of escort will be same as the employee (like in RBI)

13) WOMEN :
Demand for special provision for Women employees with regard to placement and Postings,  creche facility as per Govt guidelines/ reimbursement of Fertility Treatment and additional Leave/ flexible timings/ work from home, children Leave as applicable in Central government.

IBA has informed that Govt Advisory is already issued.

14) IBA agreed to take up the demand for Appointment on Compassinate grounds to be completed within six month period.

15) IBA will ask DFS to examine guidelines for implemention in all Banks- Fitment Formula for Ex Servicemen.

16) Compensation for late sitting. Banks will be asked to submit data. Unions are asked to submit suggestions.

17) Unions' demand for payment of lumpsum amount on transfer may be considered favourably.

*NEXT ROUND OF MAIN COMMITTEE MEETING IS SCHEDULED ON FRIDAY 27 OCT, 23.*

Thanking you.

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