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ALL INDIA BANK OFFICERS' ASSOCIATION (Regd.)

CENTRAL OFFICENo.109/10, Anhappa Naicken Street, Second Floor, Chennai 6001
Ph. 25265511  Fax: 25249081  Mobile No: 9840645081 

Email: aiboa.hq@gmail.com 

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 ALL  INDIA  BANK  OFFICERS'  ASSOCIATION  


Circular No.6/VII/2021

March 22, 2021

To:

ALL UNITS / STATE COMMITTEES

Comrades,

STRUGGLE TO CONTINUE.
SAVE NATION.
SAVE FINANCIAL SYSTEM OF THE NATION.
HALT THE MOVES OF PRIVATISATION OF PUBLIC SECTOR BANKS.

While congratulating the entire community of the Workforce in our Industry for the successful implementation of the two days strike actions on 15th and 16th March 2021, supported by CTUs, Farmers organisations and overwhelming the political parties inside and outside the Parliament, the reiteration of the Hon’ble Finance Minister in a Public Function to go ahead with the implementation of the Budget Decision, the meeting of the constituent unions, held at Kolkata decided unanimously decided to escalate the resistance movement in a planned manner. The circular released is appended :

Meeting of the UFBU was held at Kolkata today, in the aftermath of our successful strike on 15th and 16th March, 2021 against the decision of the Government to privatise public sector banks and against the retrograde banking reforms.

Congratulations: The meeting conveyed its congratulations and greetings to all the constituent unions and all our members all over the country for making the strike a massive success with unprecedented and enthusiastic participation of the rank and file.  The meeting was appreciative of the determination exhibited by the employees and officers manifesting their unequivocal objection to the decision to privatise public sector banks.

Special kudos to youngsters: The meeting conveyed its special greetings to the younger generation of employees and officers who turned out in large number in the rallies and demonstrations.

Support from Trade Unions :The meeting expressed its thankfulness to all the Central Trade Unions – BMS, INTUC, AITUC, HMS, CITU, AIUTUC, TUCC, AICCTU, SEWA, LPF, UTUC and BKS – for extending their support to our struggle.  Similarly, the meeting was thankful to Samyukt Kisan Morcha representing 42 farmers’ organisations for their support to the strike of UFBU.  Many sectoral trade unions of employees and officers extended their support to our strike and the meeting conveyed its thanks to all of them. In the insurance sector, in addition to supporting our strike, the employees and officers of GIC and LIC also observed strike on 17th and 18th March against privatisation of insurance sector respectively.

Support from political parties : The meeting was thankful to the various political parties – Congress, DMK, AITC, Shiv Sena, NCP, YSRC, TRS, TDP, AAP,SP, RJD, NCP, CPI, CPI-M, CPI-ML-L, VCK, and others for their support to our struggle.  Many of their MPs also took up the issue in the Parliament on 15th and 16thand also addressing letters to the Government to reconsider the decision to privatise the Banks.

Successful Mass Petition and Twitter Campaign: The meeting noted that our online Mass Petition campaign was endorsed by more than one lakh people and our twitter campaign was supported by more than 2,20,000 people including tweets by many political leaders and eminent  public personalities. It was notable that our Hashtag “BANK BACHAO DESH BACHAO” was trending at No.1 and made a mark on that day.

Government’s attitude:  The meeting noted that despite our very successful strike, the Government’s attitude was disappointing.  On the other hand, during the press briefing, Finance Minister reiterated the Government’s stand to privatise the Banks.  The Finance Minister also clarified in a reply to a question in the Parliament that after necessary recommendations are received from NITI Aayog, the matter would be considered by the Alternative Mechanism and after that the Government would take a final decision.

Hence, the meeting came to the conclusion that our campaign and struggle has to be further carried forward and intensified.  However, the meeting noted that so far the Government has not come out with any specific Bill in the current Budget Session of the Parliament to amend the existing Banking Laws to facilitate privatisation of Banks.

Get ready for more campaigns and struggles :In view of this, after discussions, it was felt that we must intensify our campaign amongst the people, particularly the beneficiaries and other sections of the people. To enable and to solicit the support of the people, it was decided to undertake a mass campaign of collection of supportive signatures in the petition to Prime Minister.

It was also decided to undertake further preparatory programmes to involve the employees and officers to go for intermittent strikes, prolonged strikes and also indefinite strike.

Keeping these in view, the following programmes have been decided upon:

  1. Collection of 5 crore signatures from the people in the Petition to Prime Minister with a copy to the Hon’ble Speaker during April, May, June, 2021.
  2. Organisational meetings at all levels during April, 2021 to ensure total membership contact.
  3. Mass Rallies, Dharnas, Seminars, Workshops, etc. in all the States in April, May and June, 2021.( to be decided in respective States according to local convenience)
  4. Nationwide Strikes, intermittent strike strikes, prolonged strikes as may be warranted looking to developments. (Dates to be announced later).
  5. Strike call at short notice, if Government announces any decision on privatisation of banks

Details of campaign programmes to be undertaken in the next two months will be given in the next circular.

Comrades, as everyone of us will understand and appreciate, we are facing the challenge on account of the Government’s announcement to privatise public sector Banks.  We are opposed to privatisation of Banks and we are convinced that privatisation is not the solution to the problems faced by the Banks. It is imperative that we should prepare ourselves for a prolonged and sustained struggle and also elicit support from the people.  We call upon all our unions and members to prepare accordingly to make our struggle a successful one.

With greetings,

=UFBU=

Yours comradely,

/S.NAGARAJAN/

GENERAL SECRETARY

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Circular No.5/VII/2021

March 16, 2021

To:

ALL UNITS / STATE COMMITTEES  

Comrades,

 

WE HAVE DONE IT ONCE AGAIN
SOLIDARITARITY SUPPORT FLOWS
FROM ALL- CTUS, FEDERATIONS IN LIC, GIC.
FARMERS' ORGANISATIONS AND POLITICAL PARTIES.

Kudos to all our comrades, colleagues and members of all our unions under UFB for the massive response to the 2 day strike call, which has been a stupendous success.  Because of your unity and militancy, our call for 2 Days’ Strike on 15th and 16th instants has become a total success all over the country.  We convey our greetings and congratulations to all our unions and members for making the strike an overwhelming success.

As per reports reaching us from various parts of the country, the strike has been overwhelmingly participated by the employees and officers.  In many centres, other stakeholders like retirees, farmers, SHG members, students, workers joined our agitational programs. Their disapproval of the Government’s decision to privatise the Banks and the enthusiasm to express the same was amply clear and visible in all the demonstrations and rallies. 

Normal banking services were paralysed and affected because of our strike.  Almost all the Branches remained closed and shutters were down.  Clearance of cheques could not be processed.

Percentage of employees and officers who participated in the strike was one of the highest in the recent years.  Notably, younger employees were in the forefront of this struggle. Our strike action has conveyed the clear signal to the Government that all of us are opposed to privatisation of Banks.

We are opposed to privatisation of Banks because it is retrograde, it is not in the interest of the customers, the beneficiaries, the general public and of course the employees and officers of our Banks. Privatisation will only benefit the big corporate companies who will purchase and own our Banks.  Privatisation will affect the common people and the ordinary customers. Privatisation will impact social orientation of our Banks.  Privatisation will also adversely affect the jobs, job security, service conditions, reservation policy, etc.  That is why we are opposed to privatisation of public sector Banks.

The only ill afflicting the Banks today is the burgeoning bad loans.  Everyone knows that bulk of the bad loans is attributable to private sector.  Hence, one does not understand as to how handling over the Banks to the private hands will improve the efficiency of the Banks.

It is also our experience that contributions of public sector banks in the last five to six decades have been remarkable and commendable.  Equally our experience with the private sector banks has been bitter.  Many of them had collapsed at regular intervals due to mismanagement and public sector Banks had to bail them out.

Hence, privatisation is no panacea for the problems and challenges facing the public sector Banks.  Rather privatisation would aggravate the problem.

We are thankful to all the Central Trade Unions who have extended their fraternal support to our struggle.  We are thankful to farmers’ organisations, for their support.  We are also thankful to the various sectoral trade unions who volunteered and extended their support to our strike. 

We are thankful to all the Unions in LIC and GIC, Power Sector, Central Government Officers, NCOA, MTNL, BSNL who not only supported our strike but also organised solidarity demonstrations in many centres.

We are thankful to All India Reserve Bank Employees Association who supported our case.  We are thankful to All India Bank Retirees Federation and other retirees organisations who had expressed their solidarity with our agitation.

we are thankful to all the political parties , Congress, DMK, Shiv Sena, Trinamool Congress, CPI, CPM, AAP, VCK and others for their support.  Their MPs have raised our issue in the Parliament also.  Many MPs addressed letters to the Government extended their support to our struggle and urging upon the Government to reconsider their decision.

Comrades, we are committed to efficient public sector banking and we are always ready to extend our best co-operation to strengthen our Banks.  We hope that Government would engage in meaningful dialogue with us and all other stake-holders before proceeding further. 

If unfortunately, the Government moves further with their agenda, we would be left with no other alternative than to further intensify our struggle. 

However, UFBU will meet shortly to discuss and decide future course of action.

With greetings

=UFBU=

Yours comradely,

/S.NAGARAJAN/

GENERAL SECRETARY

 

  Circular No.4/VII/2011
March 13, 2021  

COM NARENDRA KOTIAWALA AMAR RAHE,  

Com Narain

Com. Narendra Kotiawala, Deputy General Secretary of our organization breathed his last yesterday at about 09.00 pm at his residence. He had actively engaged himself after the conclusion of our Central Committee Meeting held at Nagpur on 13th and 14th Feb 2021 in refurbishing the office premises at Mumbai with a focussed attention to inaugurate the same at the earliest as a part of the celebration of organizational activities.

2        Com. Narendra Kotiawala joined the bank as a clerk and rose to the level of the senior manager in the erstwhile Oriental Bank of Commerce. He had qualified as a Graduate with a Specialisation in Law. He was the Director of the Bank’s Board representing our Organisation between 2014 to 2017.  He was also a good teacher in the training college in Recovery Management apart from other areas of Banking Subjects. He superannuated from Bank's service in April 2018.

3        Com. Narendra Kotiawala right from the beginning evinced a keen interest in trade union activities and trained by Late Com. J.M. Paranjpe, the tallest of Maharastra Bank Employees’ Federation (AIBEA). was the natural choice chosen to be closely associated with Late Com. P.K.Menon, Late. Com. Tarakeswar Chakraborty, Late Com.R.J.Shridharan leaders of the trade union movement of AIBOA and AIBEA.  He was elected as the office-bearer in the AIBOA Team by Com.RJS in Chennai Conference in 2011 and rose to the level of DGS, the second in command in the organisation AIBOA. In ALL INDIA ORIENTAL BANK OFFICERS ASSOCIATION, he was principal functionary and member of the negotiating team of AIOBOA.

4        He is known for his unflinching loyalty to AIBOA and AIBEA, impeccable integrity in dealing with financial matters. During his strenuous efforts in 2005, he conducted a musical programme and ensured a contribution of Rs. 4,00,000 to Tarak Institute of Banking And trade union Research.

5.         Our organisation, has lost one of the best comrades of our movement. The void created by him in AIBOA as well as in AIBOA ( Maharastra State Committee) can never be filled up. We express our deepest condolences to the family members and we stand with the family in the time of grief.

6.         AIBOA dips the flag of AIBOA in the honour of the departed Comrade Narendra Kotiawala.

COM NARENDRA KOTIAWALA AMAR RAHE

Yours in grief  
/S.NAGARAJAN/
GENERAL SECRETARY

Circular No.3/VII/2021

February 18, 2021

 

TO

ALL UNITS / STATE COMMITTEES

Comrades,

PROCEEDINGS OF THE 5TH CENTRAL COMMITTEE AT NAGPUR.

DELIBRATIONS AND CELEBRATIONS – COMMENCEMENT OF 41st YEAR.

CURTAIN RAISER OF THE 8th CONFERENCE OF OUR ORGANISATION.

 

In pursuance of the decision of the office bearers’ meeting held in the last week of November 2020, the 5th central committee was held at Nagpur (Maharashtra), the orange city of India, after forty years on 13th and 14th February 2021. The historic meeting presided by the Joint Presidium consisting of Com. Alok Khare, Vice- Chairman, Com.A.N.Suresh President, Com. Dr Kumar   Arvind, Com.Vinod Bakshi and Com.Arvind Porwal VicePresidents of our organisation and held at the Hotel LEGEND INN as Chairman of the Hotel had climbed Mount Everest in the year 1965.

 

2. WELCOME ADDRESS:    Com. Narendra Kotiawala, General Secretary AIBOA(MSC) and DGS AIBOA, in his narrative style, traced the importance of the central committee linking it to the foundation conference of AIBOA, hosted by Eastern Maharashtra Bank Employees Association led by late Com. G.S.Rajput in Feb 1981. The meeting commenced with the lighting of the lamp and floral tributes to the founding fathers of our organisation.

 

3. IN MEMORIUM:                The house observed two minutes of silence in the memory of the following departed leaders. Comrades and citizens: Shri.Pranab Kumar Mukherjee, former President of India, Shri. Ram Vilas Paswan, Union Minister, Shri.Jaswant Singh, Former Union Minister, Shri.Ahmed Patel Senior Congress Leader, Shri.Tarun Gogoi, former CM of Assam, Shri.S.N.Patil Former CM of Maharashtra, Com.Gurudas Dasgupta Veteran Leader of AITUC and CPI, Mrs Gupta, wife of Com.Gurudas Dasgupta, Sri.Satyanarayan Singh, Kisan Leader of Bihar, Sri.S.P.Balasubramanyam legendary playback singer, Sri.Soumitra Chatterjee, legendary Bengal Actor, Shri.Infra Khan film Actor, Sri.Rishi Kapoor. Film Actor, Com.Shyamal Chakraborti Veteran CPM Leader, Com. K.Varadarajan, Veteran TU Leader, Com.Subhash Sawant, General Secretary INBEF, Com. V.S.Govindan Nair, TU leader of IBOF. Com.M.Dayala Babu former Vice President AIBOA Com.Giri Srinivasa Rao, Joint Secretary AIBOA Com.S.L.Das, former office-bearer of AIBOA (MSC)Com. B.S.Aggithaya, Chairman CBOU, the recent tragedy at Chamoli district, deaths of Bank employees as well as common people including Physicians, Nurses, Health workers, Police Personnel who became victims of COVID 19 pandemic.

 

4. LEAVE OF ABSENCE:                 The house granted a leave of absence for the following members of the Central Committee: 1. Com.S.A.Sridhar, 2. Com. Ajoy Routray. 3.Com.Tapan Sarkar, 4. Com.Paresh Ganguly 5. Com. P.K.Baruah, 6.Com.Nirmal Singh Virk  7.Com.V.P.Ponkshe 8. Com. M.S.Jaishankar.

 

5. CONFIRMATION OF MINUTES:             The minutes of the 4th Central Committee meeting which was held at Indore on 19th and 20th October 2020 was placed before the committee by Com.V.Ramabhadran Secretary AIBOA and the same was adopted unanimously.

 

6. ADDRESS BY GENERAL SECRETARY AIBEA:             Com.C.H.Venkatachalam, General Secretary, AIBEA, after paying floral tributes to the founding fathers of our movement, addressed the Central Committee. In his 70 minutes address, he recalled the days of the foundation conference attending as a volunteer compiling the details of the participants along with Com. Alok Khare, the recent budget announcement about Privatisation of Banks, withdrawal of LIC and Government of India from IDBI, enhancement of limit of FDI from49% to 74%, privatisation of one General Insurance Company, inept handling the issues of ongoing farmers struggles in the Capital of Our Nation, amendments to the labour laws thereby disrespecting the views of the CTUS. He reiterated the necessity to work together in repulsing back attacks and offensives unleashed by the Government against the common people of the country in general and the Financial Sector in particular. Holding the banner of unity together and the slogan of Working Together works should be converted into reality are the thrust areas to be focussed on priority.  Since the CC was held synchronising with the completion of 40 years of purposeful existence of our organisation, he was presented with a memento by the Joint Presidium.

 

7. DISCUSSION ON THE ORGANISATION:         As the listed agenda on Organisation always take a backseat due to time constraints, this time we initiated the discussion on the Organisation and the representatives of units were advised to present their views. By and large, the processes are already set in motion to complete the whole exercise of affiliated units getting unified. The meeting of representatives of AIOBOA and AIPNBOF held at Panipat on 13th June 2020 and implementation of the same in letter and spirit has to be taken forwarded. There were virtual meetings held between the representatives of the units in Corporation Bank, Andhra Bank and Union Bank of India and they have decided to complete the process in mid-September 2021. The meeting of representatives of IBOF and AIABOF was conducted on 31/01/2021 and a coordination committee of 14 members was constituted with a working core group of 5 with Com.R.Jawaher as a convenor of the committee.

 

8. ISSUES OF THE AFFILIATES:   The approach of Government in the matter of pulling out the process from IDBI, the introduction of a new service condition of Non-performance/achievement of targets to remove an officer through a committee, the extension of working hours in Nainital Bank and unwillingness on the part of the management to reverse the same despite repeated approaches by our unit, proper leaflet to educate the Gennext in the Industry about the protection of Jobs, propagation through social media, a tool and the necessity of time to reach out a larger section of the society, court case filed by our unit in Bank of Baroda to challenge the APAR system and also denial of the check-off system to our union in BOB, Bank wise settlement secured by our unit Kotak Mahindra, CTC Employment in Banks, the revival of the co-ordination committee at the apex level, an upward revision of Pension for retirees were prominent issues by the participants.

 

9. REPORTING ON WAGE REVISION:                  Com.V.Ramabhadran, Secretary AIBOA and Convenor Wage Committee, presented in brief the achievement made by the collective efforts of officers’ organisation and the role by our organisation in uniting the whole section to secure a respectful wage revision for officers’ fraternity. There were specific presentations by Com.D.N.Trivedi General Secretary AIGBOA and Joint Secretary of AIBOA about the delay in implementing the 8th Joint Notes provisions in RRBs and the attitude of the Sponsoring Banks in denying the benefits through inordinate delays. Though there is a clear cut verdict by the Supreme Court of India to extend the benefits to the workforce in RRBs, still the implementation is an elusive one.  Four comrades presented their observations and sought clarifications. The first-day session ended at 18.15 hrs.

 

10, CELEBRATIONS – COMMENCEMENT OF 41ST YEAR OF AIBOA- A CURTAIN RAISER TO 8TH CONFERENCE:        The second session commenced its proceedings at 09.40hrs. Unfurling the flag of AIBOA by Com. Debesh Bhattacharya, former working President of AIBOA, Com.Alok Khare Vice-chairman, and Com.A.N.Suresh President, followed by lighting the lamp floral tributes to the founding fathers of this great movement culminating with the Cake cutting function in the beautiful environment of revolutionary workers songs from the yesteryear movies. The youngsters, Com. Goyal of Uttrakhand State Committee honoured Com. Debesh Bhattacharya and Com. Sachem Ahuja of Nainital Bank honoured Com.Alok Khare, Vice Chairman AIBOA and Com. Srikant Deshpande, one of the delegate attended the foundation Conference in 1981 by Com. Narendra Kotiawala along with other office bearers present in the venue. Accepting the felicitations, Com.Debesh Bhattacharya recalled the organisational foresightedness of AIBOA in the matter of demanding the introduction of Pension in 1989, thereby debarred from Negotiation with IBA subsequently got back to negotiation by the intervention at Government level and the call for 5 days week and regulated working hours were the demands raised in the Silver jubilee Conference in the year 2006 at Delhi, which was partially realised in 2015. He was overwhelmed by the conduct of the organisation in remembering the elders.

 

11. DELIBERATIONS FOLLOWED THE CELEBRATIONS:        The participants had the benefit of the clarifications related to wage revision and the house was informed about the release of the stagnation increments to the retirees between 1.11.2012 and 30.04.2015 as well as the benefits accrued to Ex-Servicemen. There is a departure in the matter of the APAR system in two banks, which is likely to be implemented in other banks too. The members reiterating their concern on Industry as well as the jungle law prevailing in some banks.

 

The best examples of adhering to the directions of the organisation;     Karnataka Bank Officers’ Organisation and All India IDBI Officers Association. IDBI unit has cleared the dues up to 2020 to all states as well as to the Central office AIBOA.

 

AIBOA MSC PURCHASED THE OFFICE AT MUMBAI: The house was informed about the purchase of the office at Mumbai in the name of AIBOA and AIBOA (MSC)

 

12. BYE-LAW COMMITTEE OBSERVATIONS:    The committee met at Chennai on 07.11.2019 after Indore CC  and sought suggestions from the States as well as from the affiliates. The response was a muted one. However, two important observations were presented by Com. Anil Kumar Convenor Bye-Law committee. 1.Restructuring the state committees are to be made and affiliated units are to have liaison with the state committees. 2. No let-up in the financial discipline by any unit or person.3. Financial discipline has to be enforced.

 

13. ADOPTION OF THE ACCOUNTS:                   The audited accounts for the year ended 31.12.2019 was presented by Com.R.Jawaher Treasurer, which was adopted unanimously.

 

14. The resignation of Com. S.S.Shishodia Chairman was also accepted by the Central Committee. The withdrawal of resignation by Com.M.A.Srinivasan from the post of DGS, has been remitted to the committee consisting of Vice Chairman, President and Dy. Gen, Secretary. The substitution of one of the member from the committee instead of the undersigned was made in consultation with Com. Vice-Chairman and Com. President to uphold the dignity of the office.

 

15.  The broad consensus after deliberations by representatives of the 14 State Committees and 14 affiliated units are as under:

 

a.         The fight against the Privatisation of Banks and attacks on the Financial Sector shall have to be escalated through continuous organisational actions as decided by the 9 constituents unions.

b.         The execution of 8th Joint Note on Officers’ Wage revision was hailed and CC recorded their appreciation for the stellar role played by our organisation in unifying the officers’ organisations was appreciated.

c.         The units are to necessarily collect levy from each member @2% net of taxes without fail.

d.         Those units, which have not adhered to the directions, the Secretariat shall decide the participation of the units and also the members in the ensuing All India Conference.

e.         The wages of RRB workforce shall be pursued with GOI and also with NABARD.

f.          The 8th Conference of AIBOA will be decided in consultation with the Secretariat.

g.         The seamless merger of AIOBOA  and AIPNBOF in terms of the understanding arrived at Panipat on 13th June 2020 shall be taken forward and a meeting will be held in the last week of February  2021 at Delhi.

h.         The amendments to bye-law provisions will be once again collected from the State Committees and affiliated units.

i.          The management of Nainital Bank will be approached by us to reverse their approach on men and matters  failing which we shall be compelled to take up with the Controller of Banking System.

k.         A training programme of Gen Next working in the States and the affiliated unit will be conducted in the mid-summer at a convenient place.

l.          The financial sanctions for the enhancement of wages for the office staffs was also presented to the   House for information.

m.        The secretariat has considered the sanction of laptop on buyback arrangement at cost of not more than Rs,80000/, as the earlier one presented by the AIBOA (AP and Telegana State Committee) is becoming obsolete.

n.         To strengthen the organisation for the mutual benefits of AIBOA and AIBEA, the defunct coordination committee has to be revived.

 

CONCLUSION:         Com. Kamala, a CC member from Tamil Nadu took sufficient and earnest steps and helped the AIBOA (MSC)  to fix the venue at Nagpur. The CC recorded its heartfelt and sincere thanks to the protector of Law and Order of the State of Maharashtra for his timely help but for whom the 41st Foundation Day would not have been held at NAGPUR after 40 years.

 

TEAM MAHARASHTRA HAS DONE IT ONCE AGAIN UNDER THE LEADERSHIP COM. NARENDRA KOTIAWALA, General Secretary AIBOA (MSC) and Deputy General Secretary AIBOA. The arrangement was simply superb and worth remembering by all participants.

 

The CC felicitated him for the wonderful execution of the work schedule and upholding the high traditions of organisational discipline true to AIBOA. Com.Naren, you have made it to happen. RED SALUTES TO ONE AND ALL.

 

Yours comradely

 /S.NAGARAJAN/

GENERAL SECRETARY

  LET  US  FACE  THE  CHALLENGES  UNITEDLY”

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Circular No.2/VII/2021
February 18, 2021

To:

ALL UNITS / STATE COMMITTEES

Comrades,

PARTICIPATE ENMASSE IN PROGRAMMES

MAKE 15TH & 16TH MARCH STRIKE A TOTAL SUCCESS

  • OPPOSE PRIVATIATION OF PUBLIC SECTOR BANKS
  • MARCH ON TO ALL INDIA STRIKE ON 15TH AND 16TH MARCH, 2021

We have informed all our unions and members that in the UFBU meeting held at Hyderabad on 9th instant, the call has been given for observing 2 Days Strike on 15th and 16th March, 2021 to express our protest and opposition to the proposed move of the Central Government to privatise 2 public sector banks in addition to IDBI Bank.

In continuation, we append the detailed agitational programmes to be undertaken by our unions and members:

14th Feb. to 14th March

Committee meetings, mass meetings to explain the importance of the struggle to all our members.

15th Feb.

Letters to all Central Trade Unions seeking support to our struggle

16th Feb.

Letters to all political parties seeking their support

18th Feb.

Serving Strike Notice by UFBU

19th Feb

Day long Dharna in all State Capitals

19th Feb

Demonstrations in all centres

20th Feb. to 14th March

Dharnas in Districts/towns in each State on different days

20th to 25th Feb.

Petition to all Members of Parliament by UFBU

22nd Feb.

Black Badge Wearing

From 22nd Feb

Distribution of leaflets/pamphlets amongst employees/ customers

From 1st March

Display of posters before all Bank Branches

1st March

Wearing of protest Masks

2nd March & 3rd March

Submission of online petition to Prime Minister

1st to 4th March

Press Meets in State Capitals – on any one day

8th March

Wearing of protest masks (Parliament session opening day)

9th March

Twitter campaign

10th March

Demonstration before Parliament – all UFBU leaders to participate

11th March/

12th March

Badge Wearing

11th March/

12th March

Demonstrations in all State Capitals

15th and 16th  March

Two days continuous stay out strike

 Notice will be served by UFBU on Indian Banks’ Association and all Banks.  Individual unions need not serve any separate strike notice.

Specimen of Badges, posters, petitions, etc. will be sent to unions in due course.

Comrades, all of us should realise that the challenges are serious and hence our struggle has to be massive, militant and determined. We seek the co-operation and involvement of all our unions and members in all the programs listed above to make them successful.  

With revolutionary greetings “                                                                  = UFBU=

 Yours comradely

/S.NAGARAJAN/

GENERAL SECRETARY  


Circular No. 21/VII/2020

December 31, 2020

To:

ALL  UNITS / STATE COMMITTEES

 

Comrades,

ACKNOWLEDGE THE PAST AND WELCOME THE NEW.

2020 A YEAR OF CALAMITY AND UNEASE

 A CHALLENGING YEAR- 2021.

 

The year 2020 was a year of unease and also of many calamities. COVID -19, the pandemic is certainly a global event in the year 2020. The impact would not be limited to a year but the ill effect will continue for the next three decades. Governments across the world fought the pandemic through liberty quashing lockdowns.  The pandemic brought home the point of criminal neglect public health policy.  The human cost has been huge. 80 millions have been affected and so far 1.76 millions have died. Neither wealth nor power offered protection. Lockdowns and physical distancing crippled the Global environment. The first phase reflection available is slowing down of the economy of every nation. It is estimated the damage to the Global economy will be to a tune of $28 trillion dollars over five years. Millions will slip back to poverty.

 

2.         In the global political scene, Mr.Donald trump is the direct victim of the COVID 19.  Conflicts between the two Nations are causing tremendous tensions in Global Peace. Attempt to retain Global Power is the central theme and in turn CHINA, which is forcing a crisis by resorting to unholy alliances with neighbouring Countries resultantly set the level of discomfort to higher degree in deceitful way.

 

3.         In our country, the lockdown was slammed in the fourth week of March 2020. It can very well be said that the lockdown in our country was one of the harshest lockdowns. Migrants workers in millions walked down thousands of miles to reach back to the native hem let.  The victim of the COVID -19 in our Country was the result of Bihar election. Our Nation is witnessing literally one party rule at the centre, as the opposition is fragmented totally. We may state in the post liberalisation era, the year 2020 was the first recession year. The worst public health crisis since independence and protracted presence of Chinese army in the Line Actual Control are the events engaging our Nation.  In spite of impressive win in the State Elections, the method of pulling down the elected Government through horse trading was witnessed. Amendments in the labour laws, rejecting the suggestions made by the 10 CTUS in this matter and postponing the winter session of the Parliament under the specious plea of COVID 19 impact are glaringly imposed.

  

4.         The Government at the Centre announced $ 20 trillion stimulus package to revive the economy with unforeseen consequences lurking in the shadows. The effect of mergers announced by Hon’ble Finance Minister on 30th August 2019 thereby reducing the Public Sector Banks to 12 and further moves afloat to keep hardly 4 banks in Public Sector and rest of them are to be privatised. The recent interview by ministry officials in the matter moves to be effected to change the ownership pattern in IDBI is also intriguing. Pulling down IDBI, a DFI of the past and planning to establish 111 lacs Infra Bank is something an unacceptable idea to digest.  DA freeze imposed on Government Employees and senior citizens for a period of 18 months thereby saving an amount of Rs 38000crores+, elected representatives agreeing voluntarily to take a pay cut of 30%, temporary ban of MP area development allocation by the Centre were the actions to demonstrate to the public that they are concerned with men and matters? The farmers agitation against the farm laws for the past one month has shown the real colour of the Government of their iron fist approach to gag the voice of the farmers. The main issues are unresolved. Corporatisation and Contract farming will lead new type of problems to the farmers community at large.

 

5.         Forty two months long drawn exercise ultimately yielded results. The lesson learned through this time is to promote more unity within the workforce of the financial system more vigorously and also with a desire to preserve, protect and promote Public Sector Financial Institutions and defeat the designs of the owner, controller and Bank managements to push the banks back pre 1969 stage.

 

We welcome the New Year 2021 and resolve to uphold

 

UNITY, STRUGGLE AND PROGRESS SHALL BE THE WATCHWORD TO PROTECT THE JOBS AND ALSO RETAIN THE REPRESENTATIVE CHARACTER OF TRADE UNIONS IN THE BANKING INDUSTRY

Yours comradely,

/S.NAGARAJAN/

GENERAL SECRETARY

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Circular No.20/VII/2020

November 26, 2020

To:

ALL UNITS / STATE COMMITTEES

Comrades,

ALL INDIA STRIKE OBSERVED TODAY –

A REMINDER TO THE GOVERNMENT.

 

26th November 2020 is certainly go down in the history for the finest congregation of workers of all walks of life in their urge to repulse back against the policies of the Government at the Centre i.e. anti-people, anti-farmer and anti-worker measures to affect the common citizen of our Country. As per preliminary information available 25 crores, people have participated in the strike called by Central Trade Unions along with independent trade unions and Federations.

 

2.         Prelude this strike today, Coal workers’ observed three days strike, Ordinance factory workers, strike, Railway workers’ demonstrations, BPCL workers, two days strike, demonstrations and Struggle of RTC workers, Scheme workers, ongoing agitations of the Electricity workers and engineers in UP against Privatization on other demands. Doctors, Nurses, Para-medical staff, Sanitation workers, Anganwadi ASHA workers have been asked to carryout locality surveys at the risk to their own lives were treated badly and non-payment compensation and insurance as announced. The farmers are already on agitation in almost all states.

 

3.  Corporatarisation and Privatization are the main agenda of the Government. FDI in the banking sector is also aiming to push back the control to foreign hands.

 

4.         The agenda set by the Government with a specific focus on privatising the Public Sector Banks, Sell the Government equity 0f 46% of IDBI to private hands, advising the LIC to withdraw the 51% in IDBI at the earliest, Lakshmi Vilas Bank, a private sector Bank of 94 years old, a forced takeover to a Subsidiary of foreign Bank headquarters at Singapore besides very many adverse working conditions advocated by the Banks coupled with the Solidarity action in support of CTUs call made our Organization identified with the masses and observed the Strike.  Three employees’ organizations too observed the strike in addition to our organization. Banking operations have been affected seriously.

 

5.         AIBOC, INBOC extended their solidarity support to CTUS strike today and NOBO specifically extended support to our organizational stand and issues raised by us concerning our Industry. We extend our heartfelt thanks for their solidarity with the masses.

 

6.         It is only the beginning of our struggle against the moves adversely affecting the fulcrum of the progress of the Nation.  We cannot remain aloof, away and apart from the emerging environment where jobs and jobs security are going to be a distant dream for the new generations of workers in all areas including in our Industry. SBI recent advertisement of offering the job for 8000 aspirants as apprentices under an Act for three years with a fixed compensation.

 

The fox is at our doorsteps. It is our prime duty to protect our jobs and jobs security secured by our elders through trade union struggles.

FEAR NOTHING.

FEAR ONLY TO DO WRONG.

We congratulate the members of our Organization and employees’ for observing the strike today, as your sacrifice is going to benefit larger groups of workers. RED SALUTES TO ALL.

 

Yours comradely,

 /S.NAGARAJAN./

GENERALSECRETARY


Circular No.19/VII/2020

November 17, 2020

 

 

TO

ALL UNITS / STATE COMMITTEES

 

Comrades,

8TH JOINT NOTE  - OFFICERS’ WAGE REVISION  - TWISTS  AND TURNS.

LIGHT  WAS  VISIBLE  AT  THE  END  OF  THE  TUNNEL  ON  11.11.2020.

 

In the background of Government of India advising the individual banks to conclude the wage revision before the expiry date ie 31.10.2017, IBA, stepped into the exercise of commencing  of bilateral negotiation with nine constituents on 02.05.2017.  The Charter of demands was submitted to the IBA in the first week of June 2017 by four officers’ organisations and five workmen organisations.

 

2.   The negotiating team of IBA was headed by Shri.  Raj Kiran Rai G., MD&CEO – Union Bank of India, and other members of the team were Shri. Prashant Kumar the then DMD SBI, Shri.Rakesh Sharma MD&CEO, IDBI, Shri. Pallav Mohapatra, MD&CEO, Central Bank of India, Shri, Shyam Srinivasan MD Federal Bank, Shri. M.K.Jain, MD&CEO e-OBC, and other officials of IBA and members of HR& IR department. The initial offer was hardly 2% looking at the poor financial conditions of the various banks.

 

3.  Though the progress was on snail’s pace, it was often obstructed with the issue of mandate up to Scale III, given by six banks. It was a clever ploy to divide and weaken the officers’ movement. On account of the Stalemate about the issue of full mandate covering all Seven Scales, the discussions were grounded. To defeat, needed a collective approach and action and  Four officers’ organisations forged together and ultimately succeeded in clinching the issue, which is great victory indeed.

 

4.   The original proposal of Performance Linked Pay (PLP)advocated by the IBA team on the matrix to be taken for PLP was Net Profit and Return on Assets. There were hardly six banks coming under stipulated parameters. The proposal of the IBA restricting the participation in the formation of the committee was debated in UFBU and as a result of the discussion in Sep 2019, all the nine constituents participated in the meeting convened for this purpose. AIBOA did present candid observations on Balance sheet related matters and how the proposal of IBA was unacceptable

 

5    It was a bolt from the blue. Next dose of the merger of Banks was announced by Hon’ble Finance Minister on 30th August 2019 and the response by UFBU to the announcement was insignificant and a mute one. Looking at the developments and assessing the situation in the right perspective, 4 officers’ organisations gave a two days’ strike call in the last week of Sept’2019. There were discussions held by CLC (Central) to avert the Strike. The officers’ organisations did interact with Secretary, DFS, Delhi on 23rd September 2019, in which certain candid assurances were given like formation of the committee at the Bank level in the matter Merger of Banks, the solution to mandate issue, 5-day banking, family Pension,  cross-selling the third party products and reversal of  New Pension Scheme. As the outcome was certainly positive, the proposed strike was deferred.

 

6.   IBA gradually increased the offer to 13.50% and ultimately stuck to its stand in Jan’2020. PLP was changed to PLI and matrix stipulated was operating/net profit and encashment of leave of 5 days/7days were given outside load proposed by IBA. We, however, felt the need for vigorous bargaining backed by organisational actions by observing the strike call for two days( 31st Jan and 1st Feb’2020).IBA did release the advertisements attacking the leaders as irresponsible instead of initiating appropriate steps to find out workable solutions. Two rounds of discussions took place in Feb and March 2020.

 

7.   COVID-19, the pandemic engulfed the entire World and Our Nation is not an exception. With adverse climate adding up to the problems prevailing, the role played by the Bank men/women during this critical period in implementing the Government’s schemes in trying circumstances, coupled with the efforts of the IBA team with particular reference to the then Chairman SBI Rajnesh Kumar, the MOU was inked on 22nd July 2020 with the intervention of technology. Thus the first phase was ended with certain specific observations by officers’ organisations.

 

8.     The MOU signed on 22nd July 2020 restricted the loading on Basic Pay to 2.5%. The remaining cost distribution of 12.5% was taken forward by the IBA core team headed by Shri. Alok Choudhary DMD SBI, Shri.Gopal Murli Bhagat Dy.CEO IBA, Shri. S.K.Kakkar, Sr. Advisor, HR&IR along with the team members through three discussions held on 24th Aug, 10th Sep, and 12th Octo,2020 with no concrete proposal for resolving the issues. Four officers’ organisations, for the first time in the history, submitted the proposal instead of the IBA providing their proposal of scales of Pay. We attempted to value enrichment through the prudent distribution of the remaining amount.IBA was repeatedly insisting for the personal presence of the negotiators to reach Mumbai and conclude the discussions at a stretch. Accordingly, on 15th October 2020, full-fledged discussions were held spreading over nearly 12 hours commencing at 10.30.a.m.Hard bargaining was attempted leading to a satisfactory understanding.  The preliminary work about the 8th Joint Note was also more or less nearing completion on 16th Oct 2020. The approach of the IBA on 17th October 2020 was disturbing and also an unexpected one. Thus signing the 8th Joint note was aborted and our eleven office bearers were advised to return from Mumbai.

 

9.   IBA maintained their silence despite the written commitment to have the next round of discussions with us. The interse anomalies crept in were to be set right by IBA. Reversing the stand by IBA, by holding an exclusive meeting with officers on 9th Nov,   preceding the UFBU meeting, was a step towards a forward moment. After stressful exercise and war of words, certainly, alternative solutions were arrived at. IBA was made to realise that officers organisations cannot be taken for granted in the negotiations and due weightage has to be given to their views. Ultimately, the 8th Joint Note was inked by the IBA team and our 12 representatives on 11th Nov 2020 at Hotel President Cuffe Parade Mumbai along with other three officers organization. The broad details have been already circulated along with the joint note for the benefit of the officers' community.

 

10.    Preserving the self-respect and dignity of the officers have been achieved. Unity, equality and respectability to the organisations are the fruits of this common approach with a determined exercise.

 

11.   There are unfinished agenda of achieving the 5-day week for the younger generation and up-dation of Pension on the lines of RBI scheme besides certain non-financial demands listed for discussion. In the meanwhile, the RBI has released the document on ownership pattern of Banks and proposed merger of LVB with a foreign bank subsidiary DBS Bank is the signals emanating from the Controller of the Banking System what is in store for the Bank employees and officers. Advertisement for appointment of 8000 apprentices in SBI is also an indication for jobs and also for the job security. Unification of all bank men collectively and decisively to combat such onslaughts is the need of the hour.

 

Having secured the wage revision for the workforce, repulsing back the attacks unleashed on Jobs and jobs Security and Privatisation of banks become our priority. Hence, making the 26th November 2020 strike a resounding success is our prime duty and concern.

 

Yours Comradely,

 

/S.NAGARAJAN/

GENERAL SECRETARY 


Circular No.18/VII/2020

November 14, 2020

 

TO

ALL UNITS / STATE COMMITTEES                                                     

 

Comrades,

 

NOVEMBER 26th Strike – UNITED MOVES ARE TO BE MADE

TO MAKE IT A RESOUNDING SUCCESS.

 

We have already conveyed the decision of our organisation to observe All India Stay Out Strike on 26th Nov 2020 along with Central Trade Unions and other Independent Trade unions and Federations. The Joint Declaration adopted by the CTUs was also circulated to educate the members and also for propaganda purpose by units.

 

2.         The declared agenda of the present Government is to change the existing structure of the peaceful living of common citizens of our Country. No section of the employee is spared. One by One, the time tested practices and laws are altered to detrimental to the interest of the people for Nation. Some of the recent attacks are [1]. Change in Industrial Relations practices through amendments,[2.] Remunerative prices for the agricultural produce, and [3] The policy of privatisation of public sector undertakings including Banks etc. The moves are leading to job losses and also job security hitherto available will be withdrawn in a phased manner.

 

3.         In our Industry, four banks are slated to be privatised [a]. Punjab and Sind Bank, [b.] UCO Bank [[c].IOB and Bank of Maharashtra. These banks have contributed to the developmental activities in the  States/regions. To make big banks.  another step is the amalgamation and mergers have caused a lot of pains and dissatisfaction. On tap VRS has introduced in SBI, New norms for allocating the staff is also under active consideration of the Banks. IDBI privatisation is also under serious consideration as the Budget rolls out new directions to dismantle the special status enjoyed by IDBI from 1964. To halt the progress of the plan of the Government, the collective resistance movement is inevitable.

 

4.         AIBOA, true to its tradition, calls upon the officer members/state committees/ affiliated units to ensure participation in the preparatory programmes as well as  total strike on 26th November 2020.

 

We advise our units to coordinate with other CTUs and other organisations in all programmes culminating in the STRIKE on 26th Nov 2020.

ONWARD MARCH TO 26th NOVEMBER STRIKE.

Yours comradely,

 

/S.NAGARAJAN/

GENERAL SECRETARY

--------------------------------------------------------------------------------------------------------------------------------------------------------

Circular No.17/VII/2020

October 3, 2020

 

To:

ALL UNITS / STATE COMMITTEES

 

Comrades,

 

ATTACKS ON JOBS AND JOB SECURITY.

PRIVATISATION THREAT OF PUBLIC SECTOR BANKS LOOMING LARGE.

SOLIDARITY ACTION WITH CTUS.

STRIKE ON 26th NOVEMBER 2020.

 

In the last session of the Parliament held for a short duration, labour law amendments were adopted despite strong reservations expressed by the CTUS. Instead of strengthening the recovery system in the Banks, further relaxations have been considered by the Government. There are different versions circulated in the print media about the privatisation of the public sector Banks. Though there was a denial by NITI AAYOG that they have not recommended any proposal for privatisation of Public Sector Banks, the present Government’s declaration made earlier while announcing a stimulus package indicated their plan.

 

2.         In the matter of IDBI, it was announced that LIC will be advised to withdraw their stake and recommendation to reduce the Government’s Stake in IDBI is also contemplated. Existing jobs are outsourced. Contractualisation of jobs are consciously promoted in our Industry.

 

3.         Taking the various developments into account and also issues concerning the common citizens as well as of our Nation, the CTUS have decided to observe an All India Strike on 26th November 2020. The following issues are staring at us :

 

a .        PRIVATISATION OF PUBLIC SECTOR BANKS.

b.         ABOLISH CONTRACTULISATION OF JOBS.

c.        ADEQUATE RECRUITMENTS IN ALL CADRES.

            d.         SCRAP NEW PENSION SCHEME and RESTORE DEFINED

            PENSION BENEFIT TO ALL.

and other issues mentioned in the Joint Declaration adopted by the CTUS on 2nd OCTOBER 2020.

 

4.         We advise our state committees and affiliated units to commence the preparatory exercise for making the strike on 26th November 2020, a successful one.

 

The joint declaration adopted by the CTUS is annexed, the contents of which are self explanatory.

ONWARD MARCH TO MAKE THE SOLIDARITY ACTION WITH CTUS .......    

 

Yours Comradely.

 S,NAGARAJAN.

GENERAL SECRETARY


 

National Convention of Workers (Online)

Gandhi Jayanti Day, 2nd October 2020

 

Declaration

This National Convention Of Workers, organised jointly by the Central Trade Unions and independent Federations/Associations, being held online for the first time due to the lockdown conditions that hinder physical gatherings, on 2nd October 2020, Gandhi Jayanti Day, strongly condemns the onslaught on the basic democratic and constitutional rights of the workers, farmers and common people of our country by Modi led BJP government at the Centre as well as by BJP State Governments.

 

The posture that the BJP government made in its first term (2014-19), of consulting stake-holders, has been totally thrown to the winds in its second term since 2019. While all indicators pointed to economy drastically slowing down due to lack of demand, the Government continued to steer their policies in the name of “ease of doing business” aggravating widespread impoverishment and deepening the crisis further.

 

In the process, besides reducing corporate taxes, they have got the three anti-labour codes passed in Parliament most undemocratically, when the opposition parties were absent. These labour Codes are designed to impose conditions of virtual slavery on the workers, making formation of unions difficult and virtually taking away the right to strike, keeping large sections of unorganised sector workers, such as street vendors, domestic workers, mid-day meal workers, homebased workers, beedi workers, construction workers, rickshaw-pullers and other daily wagers etc. out of their ambit. 

 

In a similar way and in violation of all parliamentary and constitutional procedure, they have passed three farm bills and curbed the Essential Commodities Act, without legally guaranteeing minimum support price for farm produce, thus promoting corporate and contract farming, big food processing and retail monopolies, both foreign and domestic, and also endangering country’s food security.

 

The Government has gone further: Without even placing the Electricity(Amendment) Bill,2020 in the Parliament, it has started privatising electricity distribution network ignoring  opposing views by 12 Chief Ministers’, leaving the existing Employees at the mercy of the new franchise owners. Earlier, they resorted to merger of public sector banks without any effort at recovering huge NPA accounts, endangering common depositors money.

 

Faulty formulation and policy on GST and the sliding economy has put Government finances in difficulty, consequently drying up States’ finances. RBI, LIC and various PSEs are being used as ATMs, only leading to further frenzy of privatisation of PSUs through auctions and 100% FDI - be it railway routes, railway stations, railway production units, airports, Port & Docks, profit making Government Departments, coal mines, cash rich PSEs like BPCL, 41 Ordnance Factories, BSNL (calling their 86,000 employees Deshdrohis), Air India, road transports and so on.

 

All these destructive measures are being hastily pushed through when the country is reeling under Covid-19 pandemic. Even the so-called “Frontline Warriors” – Doctors, Nurses, Paramedical Staff, Sanitation Workers, Anganwadi, ASHA workers, who are being forced to carry out locality surveys at the risk to their own lives, were treated shabbily, not paying them promised monetary and insurance benefits!

 

And the known crony capitalists are making headlines for increasing their market worth by crores of rupees every day of the pandemic!

 

The unplanned lockdown wrought untold miseries to crores of migrant workers, which make the stories of demonetisation pale by comparison. The period has been harder for women, who experienced increased harassment at workplaces, public places, as well as at home.

 

The economy of the country came to a standstill, unemployment, especially of women, climbed to all time highest levels, while the GDP shrank as never before. The Government was never serious about their own advisories issued to the employers at the beginning of the lockdown - such as not to terminate workers, not to deduct wages for the lockdown period etc. They were tamely withdrawn when challenged by employers in the Supreme Court.

 

But an opaque PMCARES Fund was floated where Corporates started contributing and Government employees were arm-twisted to contribute. Their DA is frozen. An old G.O. is resurrected that allows the Government to force an employee to retire prematurely.

 

Thereafter, the Central Government has simply passed on the responsibility of handling pandemic situation on to the State Governments. The undermining of elected state governments, through money power, use of coercive targeting of political opponents through state agencies such as CBI, ED, NIA, Police is blatant, for all to see.

 

The divisive machinations being played out, to tear up the secular fabric of our society, by implicating and accusing all intellectual opponents of CAA for conspiring and instigating North-East Delhi riots, and  not even filing FIRs for hate speeches by BJP leaders by using Delhi Police has been condemned all around. The subversion of the Supreme Court is alarming.

 

In this traumatic condition, New Education Policy has been introduced, which is wholesale privatisation of education, that will discriminate against poor people. In short, the Constitution is sidelined with impunity.

 

The situation is serious.

This national joint convention of trade unions strongly condemns these measures of the Modi led BJP government as being anti-worker, anti-peasant and anti-national.

 

This convention notes that various sections of workers and toiling people are tenaciously fighting these attacks on their hard won rights and benefits, on their lives and living conditions.

 

The coal workers’ three days’ strike, the Ordnance Factories Workers strike, Railway Production Units workers demonstrations, BPCL workers two day strike, demonstrations and struggles of RTC workers, oil workers, steel workers, port workers, cement workers, scheme workers and workers and employees of various other sectors, ongoing agitations of the electricity workers and engineers in UP, who have launched big struggles including strikes against privatisation and on their other demands.

 

The Convention stands firmly with the serious decision of the Ordnance Factories workers to go on indefinite strike from 12th October 2020 in defence of the country’s security.

 

The Convention calls upon all the workers of the Country to hold militant demonstrations in support of the strike in all the workplaces on 12th October, 2020 and after every week thereafter, till the strike is settled honourably.

 

This convention extends full solidarity to the farmers who are demanding withdrawal of anti farmer agri-laws which have been passed without even allowing voting on them. This convention declares that the joint trade union movement would continue to support and express solidarity in all forms to their struggle at the national level as well as in any part of the country. The workers stand in firm solidarity with the farmers.

 

While appreciating the huge participation of workers in all the joint trade union protest programmes taken up by the joint trade union platform during the lockdown period, despite the immense difficulties imposed due to the lockdown, this convention underlines the necessity to further intensify the struggle. The Modi government at the centre has no qualms in sacrificing the interests of workers, farmers and all toiling and common people of the country for the benefit of the Corporates.

 

Despite the continuous demand by not only the entire trade union movement, but also by eminent economists, to ensure cash transfer to put money into the hands of the people that would not only provide some succour to them but revive the country’s sliding economy, the BJP government is not ready to do so. Despite our godowns overflowing with food grains, the BJP government is not ready to provide free ration to the needy.

 

This convention strongly asserts that this situation calls for higher forms of united resistance struggles in the form of defiance and non-cooperation by the entire working class. It calls for solidarity of all sections of working people, workers, peasants and agricultural workers.

 

This convention calls upon the entire working class of our country to prepare for a country wide general strike on the following demands:

 

·        Cash transfer of Rs 7,500 per month for all non income tax paying families

·        10 kg free ration per person per month to all needy

·        Expansion of MGNREGA to provide 200 days’ work in a year in rural areas at enhanced wages; extension of employment guarantee to urban areas

·        Withdraw all anti farmer laws and anti worker labour codes

·        Stop privatisation of public sector including the financial sector and stop corporatisation of Govt run manufacturing and service entities like Railways, Ordinance Factories, Ports etc. 

·        Withdraw the draconian circular on forced premature retirement of Government & PSU Employees

·        Provide Pension to all, scrap NPS and restore earlier Pension, improve EPS-95

 

This convention calls upon the working class to organise joint state/ district/ industry/sectoral level conventions, physically wherever possible, online otherwise, before the end of October 2020;  to conduct an extensive campaign on the adverse impact of the labour codes on the workers down to the grass roots level up to mid-November and for the one day country wide general strike on 26th November, 2020. Let it be known that this One Day Strike is in preparation for more intense, more tenacious and longer struggles that lie ahead.

 

The Convention calls upon all the working people, whether unionised or not, affiliated or independent, whether from organised sector or unorganised sector, to intensify the united struggle against the anti-people, anti-worker, anti-farmer and anti-national policies of the Govt and make the call for countrywide general strike on 26th November, 2020 a total success.

                                                         

           INTUC              AITUC                        HMS                        CITU                AIUTUC   

       TUCC                SEWA                      AICCTU                     LPF                    UTUC

 

And  INDEPENDENT FEDERATIONS / ASSOCIATIONS


Circular No.16/VII/2020

23.09.2020

 

 

TO

ALL UNITS / STATE COMMITTEES

 

 

Comrades,

 

EXTEND SOLIDARITY TO THE FIGHTING

AGRICULTURAL WORKERS STRUGGLE ON 25TH Sept 2020.

 

Our Nation depends on the Agricultural and Allied activities for its existence. It has been amply established in the current lockdown period that the growth in the Agricultural Sector is alone positive. Public Sector Banks are directly responsible for its growth from the date of Nationalisation of Banks. The workforce in the industry continues to perform the noble task of timely help to the farmers from time to time. The green revolution, white revolution, IRDP loans etc are the notable achievements in our Nation.

 

2.         The current session of the Parliament has passed certain Acts which are considered to be an anti-farmer approach of the Government. One of the important allies in the present Government preferred to opt-out the Governance exercise in protest against the adoption of the Bills which are against the interest of the agricultural activities as a whole. CTUS have released a joint declaration in support of the Agitation.

 

3.         We advise the members and units are to participate in the programme of Agricultural workers on 25th Sept 2020.

 

With greetings,

 

 

Yours comradely,

(S.NAGARAJAN)

GENERAL SECRETARY.


21st September, 2020

 

Press Release                                                                                     

 

CENTRAL TRADE UNIONS SUPPORT

THE PEASANTS’ UNITED PROTESTS ON 25TH SEPTEMBER

DEMANDS BJP GOVERNMENT TO STOP DESTRUCTIVE ANTI FARMER MEASURES

CALLS FOR COUNTRYWIDE SOLIDARITY ACTIONS BY WORKERS

 

The joint platform of Central Trade Unions and sectoral federations declares its unstinted support to the initiative of Joint Platform of Peasants and Agricultural Workers Organisations –the All India Kisan Sangharsh Coordination Committee to hold Countrywide Protest and Resistance on 25th September 2020 through massive demonstration, Rail Roko, Rasta Roko etc against the anti-people, anti-farmer destructive legislations being pushed through by the BJP Govt at the centre which was preceded by Ordinances in an authoritarian manner. We also join them in protesting against the disastrous Electricity Amendment Bill 2020.

 

CTUs and sectoral federations call upon the workers and their unions of all affiliations and across the sector to join actively in the programmes of protest and resistance being organised by the peasants’ organisations in and around their respective areas.

 

The anti-farmer, anti-people move of the Govt have been initiated by three Ordinances which are aimed at completely restructuring the management of the agricultural economy including farm trade in total favour of the big-landlord corporate nexus and multinational trading cliques on agricultural produce. They virtually kill the rights and entitlements of the agricultural population. The Essential Commodities Act and related anti-hoarding, anti-black-marketing regulations are going to be curbed. The virtual withdrawal of Govt’s role in ensuring fair and remunerative prices for farmers’ produce will pave the way for ultimate doing away with Govt procurement of agricultural produce with minimum support price. In totality, peasant agriculture will be totally ruined, on which survival of more than sixty percent population is dependent. These measures would recklessly promote contract farming at terms and prices dictated by big landlord-corporate nexus including foreign trading cliques, who would usurp monopoly power. Mass of the non agricultural population will also be severely affected and put in miseries since the food security of the country is going to be endangered under new dispensations. The new measures are also aimed to facilitate profiteering by big players like Adani, Wilmar, Reliance, Walmart, Birla, ITC etc and also the large trading companies, both foreign and domestic.

 

Two of these destructive ordinances have already been converted into laws in the ongoing Parliament session. They are patently unconstitutional as they encroach upon State subject, destroying federalism in the process. Hence defiance and resistance with a determination not to allow these destructive measures to be implemented in our agricultural economy is the only way before the people. The joint countrywide action by All India Kisan Sangharsh Coordination Committee (AIKSCC) on 25th September 2020, which may turn into total Bandh in Punjab and Haryana and series of blockades in every corner of the country, is therefore a necessary action to protect the farmers, the food security and the country’s economy. The working class movement firmly stands by it.

 

CTUs and Federations reiterate their solidarity and support to the call for countrywide protest and resistance actions by peasants on 25th September 2020 and any united actions later on in states and call upon the working people to extend support and organise solidarity programmes across the sectors.


INTUC, AITUC, HMS, CITU, AIUTUC, TUCC, SEWA, AICCTU, LPF, UTUC
And Sectoral Federations and Associations

 

 

Circular No.15/VII/2020

September 23, 2020

 

 

To:

ALL UNITS /  STATE COMMITTEES

 

Comrades,

 

LETTER TO IBA –INSURANCE BACKED HOSPITALIATION

 

 

“We learn that since the current year’s policy is coming to an end by this month but we have not received any communication from your side till date.  However, we have come to know through many Banks that this year after getting revised quotations, etc. for the ensuing year 2020-21, the Policy is being renewed with National Insurance Co.

 

2.         It has been brought to our notice that National Insurance Company has given their rates for Super Top Up Policy and some of the Banks have also advised their employees/officers to give their option to avail this facility for additional cover of Rs.4 lacs and Rs. 5 lacs for award staff and officers respectively over and above the existing coverage of Rs.3 lacs and Rs.4 lacs for the award staff and officers respectively as is provided in the Bipartite Settlement and Joint Note.  These circulars further state that the premium towards these additional Super Top up Policy has to be paid by the employee or officer concerned upto a date fixed by them.

 

3.         In this connection, you are aware that as per the Settlement/Joint Note, the Scheme covers  1)basic cover of Rs.3 lacs and Rs.4 lacs and 2)additional coverage under buffer amount to be provided by the Insurance Company.  Hence Super Top up facility for the in-service employees/officers has no meaning.  Since extra cover over and above the basic limit is already available under the Scheme and Policy as buffer amount, this additional option to the employees is not warranted.

 

4.         Since these instructions are bound to create confusion and misunderstandings amongst the employees and officers, we seek your immediate intervention to suitably advice the Banks as well as National Insurance Company,  not to make this Super Top up facility applicable to the working employees/officers and this offer should immediately be withdrawn under advice to us.

 

                                                                                                                                                                                                     =UFBU=”

Yours comradely,

/S.NAGARAJAN/

GENERAL SECRETARY


 

 

Circular No.14/VII/2020

September 21. 2020

 

Comrades,

 

REG:   Wage Talks-Developments

 

We reproduce the joint circular of Four Officers’ Organisations for your information.

 

Yours comradely,

 

/S.NAGARAJAN/

GENERAL SECRETARY

 

 

ALL INDIA BANK OFFICERS’ CONFEDERATION (AIBOC)

ALL INDIA BANK OFFICERS’ ASSOCIATION (AIBOA)

INDIAN NATIONAL BANK OFFICERS’ CONGRESS (INBOC)

NATIONAL ORGANIZATION OF BANK OFFICERS (NOBO)

 

 

                                                                                                                                   

                                                                                       21st Sept 2020

Comrades,

 

CURRENT WAGE REVISION TALKS: UPDATES

 

Consequent upon signing the MOU on 22nd July 2020, after a day-long discussion, there were two rounds of discussions held by IBA with the four officers’ organisations on 24th August and 10th September 2020. The working group core team was led by Shri. Alok Kumar Choudhary, Dy.Managing Director(HR & CDO), SBI, Shri Gopal Murli Bhagat Deputy Chief Executive, IBA, Shri.S.K.Kakkar, Senior Advisor (HR and IR), IBA and Shri B.N.Sahoo, Advisor, IBA and the four General Secretaries of the organisations participated in the discussions.

 

2. In the first round of discussions, while initiating the discussions Shri Alok Kumar Choudhary, Chairman of the Working Group for officers, expressed that the scope of the meeting was mainly for working out the exercise for allocation of remaining 12.5% out of the 15% and the maximum members should get the maximum benefits. Representing the four organisations, Com. Soumya Datta expressed the happiness for the meaningful exercise and categorically made it clear that there was an imperative need to provide the four organisations with the clarifications about the following issues:

 

a)The quantum of Rs 1155 crore for allocation of construction of new pay scales with 2.5% loading after merging 6352 points of D.A. which is inadequate for working out the new pay scales;

b) PLI should be w.e.f. 31/03/2020 instead of 31/03/2021.

c)The introduction of 5 Day week

d) Updation of pension

e) Exclusive discussions on Non-Financial Demands

f) COVID-19 related issues – Enhanced Insurance Coverage, Hospitalisation expenses reimbursement, fast-tracking the compassionate appointments in banks

g) Restoration of mandates of Laxmi Vilas Bank and Catholic Syrian Bank.

We further insisted that IBA should first provide their proposal for construction of new pay scales.

 

3. As the first step, this time our four organisations have submitted the suggestions of new wage proposal to IBA duly acknowledging the suggestion of the Chairman of the Working Group for officers to distribute the 12.5% of the allocated amount to ensure that maximum benefits should accrue to maximum officers. Our proposal therefore, focused on maximising the special allowance with marginal improvement in other areas within the overall cost ceiling of Rs 4513 crore. In the second round of discussions, there was a passing reference of internal relativity made by IBA and we categorically made it clear that we cannot accept the concept and stressed that in the area of allocation of the amount should be entirely left to the four officers organisations’. The Chairman, while concluding the discussion proposed that IBA will forward two proposals consisting of two suggestions viz. creation of Locational Allowance and Professional Development Allowance and other suggestions regarding the existing allowances. He further assured that the IBA will convene a meeting with us to discuss on Non-Financial demands parallelly.

 

4. The proposals received from the IBA have since been rejected assigning cogent and convincing reasons recently. We are expecting to receive the information from IBA regarding the next round of discussions.

We shall keep the developments posted for the benefit of the units and all officers.

Stay safe stay healthy.

 

                                                                       

With greetings,

 

 

General Secretary                        General Secretary               General Secretary                 General Secre
 AIBOC                                      AIBOA                              INBOC                                  NOBO


Circular No.13/VII/2020                                                                                                                              August 10, 2020

TO

ALL UNITS / STATE COMMITTEES

Comrades,

 

PROPAGATION IN THE SOCIAL MEDIA BY SOME MISCREANTS

Our attention is drawn to some cartoon circulated by miscreants citing our organisational name beneath the said picture.

First, up of all, we clarify that such circulation by someone, as they did year before last year, blaming our organisation in the wage revision matter.

We advise our members not to be carried away by the mischievous propaganda by some vested interests.

Please disseminate this communication for the benefit of members.

Yours comradely,

/S.NAGARAJAN/

GENERAL SECRETARY



CIRCULAR NO.12/VII/2020
August 4, 2020

TO 
ALL UNITS / STATE COMMITTEES

Dear Comrades,

PRIVATISATION OF PUBLIC SECTOR BANKS.- EMERGING CHALLENGES.
WE SHALL HAVE TO FIGHT BACK THE MOVES OF THE GOVERNMENT.

Public Sector Banks’ contribution to the development of our national economy cannot be minimized at all. Class Banking was substituted with Mass Banking. The Jan- Dhan Accounts have crossed 40 crores as per the reports appearing in the print media. The role of the Public Sector Banks was marvellous. Green Revolution, white revolution, loan to small and marginalized farmers, promoting Small Scale Industries, facilitating the young students to pursue their studies inland and abroad through granting of Educational Loans were the crystal clear benefits accrued to the society at large. The fifty years of bank nationalisation has benefited the nation to a greater extent and Public Sector Banking stood as a model for the rest of the world.

2. In the year 2008, the subprime crisis of the United States led to a serious situation in the global financial system. The then representatives of the Government after attending the Meeting of G20 countries, when queried about the reflections of the Global Meltdown, echoed that the Indian Public Sector Banking was insulated against the global development. The truth was the repeated resistance movements collectively taken forward by the members of the banking fraternity specifically sphere headed by the AIBEA, wholeheartedly supported by our organisation in pushing back the reform recommendations made by NARASIMHAM COMMITTEE I and II in 1992/93. We have successfully thwarted the attempt of the Government for more twenty-five years. The Structural Adjustment Programmes (SAP) imposed by the World Bank and International Monetary Fund(IMF} normally implemented within a maximum period of three years in developing economies like our Nation. The credit of stonewalling the speed of the reform process should go to the Bank employees' trade unions only. 

3. After the commencement of the reform process, the public sector banks were utilised as instruments to Save the Public Deposits with the private sector Banks which were mismanaged. The private sector Banks disappeared from the Indian Banking Map, notable amongst were: The Nedungadi Bank Ltd, The Times Bank Ltd, Bank of Punjab Ltd, the Centurion Bank Ltd, The Global Trust Bank, Sangli Bank Ltd, Ganesh Bank of Gurdward, and United Western Bank Ltd. The latest crisis in YES BANK and the global bank has to bail the Bank out not only financially but also providing an efficient person to head the organisation as Administrator.

4. The present Government at the centre is consistent in its approach that the Banking Industry has to be handled by Private and corporates. It was right from time immemorial but specifically from 1969. When the whole world is undergoing serious trouble with Global Health Emergency due to COVID 19 pandemic, in our Nation, the revival package announced to benefit the MSME sector, the disbursal of Rs.3,00,000 crores is through Public Sector Banks. It has been made very clear that in the Strategic Segment of various Industries, few institutions will be in the Public Sector and rest will be handed over to Private Sector.

5. In the initial announcement in print media, it was announced that Bank of Maharashtra (Western), IOB (SOUTH), and Punjab and Sind Bank (North) would be privatised as per the recommendations of Niti Aayog, which was taken up by our Organisation with the President of India. Subsequently, it was denied in the press. Then came the news that all the remaining Banks ie Bank of India, Central Bank of India, Bank of Maharashtra, IOB, UCO and Punjab & Sind Bank would be privatised. 

6. Now, the information making rounds that the Government shareholding in State Bank of India, Punjab National Bank, Canara Bank, Bank of India and Union Bank of India would be initially reduced to 51% and the money collected from the process of disinvestment would be utilised to meet out the budget deficit. The recommendations of the Controller of Banking System ie; RBI to Government of India was that the process should be completed between 12 to 18 months.

7. In sum and substance, the owner of the Banking System would like to play the role of facilitator to private and corporate to take over the Public Sector Banks under their Control. The root cause for this debacle is on account of toothless recovery laws and also the failure of the NCLT to properly dispense the justice in favour of Bankers. NCLT is another Institution extending velvet hand treatment to the defaulters of Bank loan to escape from paying the dues. The assessment of RBI about the Bad loans that it will increase to 15% + in March 2021.

8. The wolf is at the doorstep. Privatisation of Public Sector Banks would lead to lot of miseries to all citizens of this country. It is the need of the hour to rise against the moves of the Government. Time is too short. We appeal to all members of the Banking fraternity that we are to act instantly against the announcement of the swift moves of the owners. We shall certainly coordinate with other like-minded unions in the Industry and make the protest actions culminating in direct action a resounding success.

TIMELY, UNITED STRUGGLE COUPLED WITH PUBLIC CAMPAIGN IS THE NEED OF THE HOUR

ONCE AGAIN LET US COLLECTIVELY PROVE THAT PUBLIC SECTOR BANKS ARE TO BE STRENGENTHED, PRESERVED, AND PROTECTED AS THEY ARE THE NATION BUILDING INSTRUMENTS. 

MOVE ON, THE ATTACK ON PUBLIC SECTOR UNDERTAKINGS ARE TO BE REPULSED BACK. KEEP YOURSELVES IN PREPAREDNESS TO IMPLEMENT THE ORGANISATIONAL CALL.


Yours Comradely

/S.NAGARAJAN/
GENERAL SECRETARY


Circular No.11/VII/2020
July 23, 2020


To:
ALL UNITS / STATE COMMITTEES


Comrades,

BIPARTITE TALKS WITH IBA – MOU SIGNED – CONGRATULATIONS 

“After the Sub-Committee meeting held on 16-3-2020 to discuss and finalise the loading factor after merger of DA for construction of revised pay scales, there was no meeting with the IBA on our wage revision issues in view of the corona related pandemic situation and lockdown restrictions on travel. However, having regard to the developing scenario in general and in the banking industry in particular, we felt it expedient and accordingly pursued the matter with IBA for resuming and continuing the negotiation and to reach an early and amicable solution. IBA agreed and fixed the negotiations at Mumbai yesterday i.e.on 22.7.2020.

IBA team was led by Shri Rajkiran Rai, G, MD&CEO, Union Bank of India and Chairman of the Negotiating Committee and UFBU was led by the undersigned i.e.Sanjeev Kumar Bandlish, Convenor and General Secretary(NCBE). From UFBU Com. C H Venkatachalam, General Secretary (AIBEA), Com.Sanjeev Kumar Bandlish, General Secretary(NCBE), Com Subash Sawant, General Secretary(INBEF) participated in the talks in person. Others participated through video conferencing from Chennai, Kolkata, Delhi, Patna and Pune as they could not undertake the travel due to restrictions, quarantine issue, etc.

Earlier on 21st July night, a virtual meeting of the UFBU was held and viewpoints of all constituent unions were enlisted to adopt a common approach.

During the discussions with IBA, Shri Rajkiran Rai explained the constraints faced by the Banks and the challenges that are emerging before the Banks consequent to covid19 which are limiting the capacity of the Banks to incur additional load under establishment expense/wage expenses. Hence he urged upon the UFBU to conclude the issue with their offer of pay slip component 15%. From our side, while reiterating our viewpoints made in the earlier round of discussions, we pointed out that the additional loading factor after merger of DA at 6352 points should be satisfactorily resolved so that an MoU could be signed. After prolonged discussions by all the unions and after a lot of deliberations, it was mutually agreed that the additional loading factor after merger of D.A. will be 2.5% thus paving the way for signing the MoU.

Accordingly, the MoU/Minutes of Discussions has been finalized and signed. The main features of the Understandings are as under:

• The 11th Bipartite Wage revision/Joint Note for Officers will be effective from 01-11-2017.
• Increase under this Wage Revision will be Rs.7898 crores per year i.e. 15% on the 
   wage bill of PSBs (payslip component cost) as on 31.03.2017.
• New pay scales would be worked by merging DA upto 6352 points of price index with an 
   additional loading of 2.5%.
• After prolonged discussions and deliberations, it has been agreed to introduce Performance Linked   
   Incentive(PLI) in Public Sector Banks, which will be based on Operating/Net Profit of the individual 
   bank(optional for private & foreign banks). The PLI is payable to all employees annually over and 
   above the normal salary payable. The PLI matrix decides the amount payable to the employees (in 
   number of days of pay=Basic+DA) depending on the annual performance of the Bank. All the 
   employees will get the number of days of pay as incentive depending on where in the matrix the 
   Bank’s performance fits in, broadly as per Matrix under:

Sr.No.

YoY Growth in Operating Profit

No.of days for which Salary (Basic + DA) shall be paid

1

<5%

Nil

2

5% to 10%

5 days

3

>10% to 15%

10 days*

4

>15%

15 days*

*3rd and 4th slabs are payable only if the Bank has Net Profit.  If a Bank has growth in Operating Profit of 5% & more, but there is no Net Profit, then minimum 2nd slab of 5 days will be payable.

                                              (The PLI will be applicable from FY-2020-21)
• From this calendar year each employee below 55 years of age can encash PL upto 5 days per year 
   for any one festival ( 7 days for those above 55 years of age).
• For employees who have joined the Banks under NPS, management’s contribution would be at 14% 
   of Pay and DA against 10% now.
• Improvement in service conditions discussed and agreed upon so far would be duly incorporated in 
   the final settlement
• All other pending issues including 5 days banking, updation of pension, etc. are open and would be 
   further discussed.
• The full-fledged and final settlement with revised payscales and allowances and incorporating all the 
   agreed issues would be concluded within the next 90 days.
• Thereafter the Settlement will be implemented and revised salaries would be paid accordingly.

Good news – Improvement in Family Pension: On conclusion and signing of the MoU, the Chairman of IBA and SBI, Shri Rajnish Kumar came in the meeting room and participated in the discussions. During his address to all the participants, he informed that IBA agrees in principle to improve Family Pension to uniform rate of 30% for all family pensioners without any ceiling and the existing ceilings of family pension will be removed. Necessary approval of the Government would be obtained.

Addressing the participants, he expressed his satisfaction on the satisfactory signing of the MoU which includes wage increase and new schemes like PLI and encashment of privilege leave, etc. He emphasized the need the ensure a robust banking system which is responsive to the present-day challenges facing the country and our economy and hence the importance of improving productivity, efficiency and responsiveness to the needs of the customers and other stakeholders of the banks.

He also made a special reference to the service being rendered by bank employees and officers under the present pandemic circumstances amidst all difficulties. He also informed that the Government is also appreciative of the same and informed that all this could have been possible because of the positive attitude of the Finance Minister for the Bank Employees as well as Officers.

From our side, we expressed our thankfulness to him for his positive interventions during the course of negotiations which has helped in reaching the MoU. We also assured him that the entire banking fraternity would surely rise to the occasion, as hitherto, and it would be our endeavour to improve the services, productivity and efficiency.

We also brought to the attention of the IBA, the various problems faced by bank employees and officers in discharging their duties under lockdown and Pandemic COVID-19 situation and IBA assured to discuss and resolve these issues at their level at the earliest. To our request to fast track compassionate appointments in the case of the families of the employees/officers who lost their lives due to corona infection, IBA assured to look into the same.

Comrades, the signing of the MoU marks the culmination of the long process of our negotiations during which we had to engage ourselves in agitations including strike actions. The unity and co-operation amongst our unions and members has resulted in achieving this satisfactory MoU amidst the present uncertainties and challenges posed by Covid19 pandemic. We congratulate all of our unions and members for this achievement in the most difficult circumstances.

We shall now take further steps to work out the final Settlement at the earliest. 

                                                                                                                                                         =UFBU=
Yours comradely

/S.NAGARAJAN/
GENERAL SECRETARY


Circular No.10/VII/2020
July 19, 2020

To:
ALL UNITS / STATE COMMITTEES

Comrades, 

THE PAST SPELLS THE FUTURE.
STEPPING INTO 51st YEAR OF NATIONALISATION OF BANKS.

It is often said that” those who have forgotten the past shall be condemned to repeat it.” The first resolution adopted in the third national conference of the first trade-union of the Bank men established in the pre-independent India held at Jalandhar from 30th September to 2nd October 1950 was on Bank Nationalisation.

2. On 21st August 1959, Com. Prabhat Kar, the first man in the Banking Industry moved the resolution in the floor of the Parliament amending the original one placed, which reads as under:
“ This house recommends that in order to check tax evasion, increase the national income, stop illegal remittance of foreign exchange, stop the rising trend of prices, and provide extra funds for meeting the requirements of the plans, the Banks be nationalised.”

3. On 13th April 1963, the deputy speaker of the Parliament placed the matter of Nationalisation of Banks for debate.
“ In view of the emergency created by the Chinese aggression, the House is of the view that the Bank should be nationalised in order to mobilise the national resources.”

4. Introduction of Social Control Bill in December 1967: The bill was introduced at the behest of the business tycoons to stall the move of the Bank Nationalisation. Further, it added Section 36 AD to put curbs and restrictions on demonstrations, picketing, stay-in, sit down and pen down strikes, grants premium to black-legging and protects the Bank lords from Public criticism about their misdeeds. These are the matters unconnected with the so-called objectives of the Bill. Late Mr.Moraji Desai, the Dy. Prime Minister and Minister of Finance wanted to add new criminal offence clause against the Bank Employees.

5. On 19th July 1969, the ‘First among Equals’ Prime Minister of our Country took a bold step to nationalise the following fourteen Banks having deposits of Rs 50 crores: 1. Central Bank of India, 2.Bank of India, 3. Punjab National Bank, 4. Bank of Baroda, 5.United Commercial Bank,6.Canara Bank, 7.United Bank of India, 8. Syndicate Bank, 9.Dena Bank, 10.Union Bank of India, 11. Allahabad Bank,12.Indian Bank, 13. Indian Overseas Bank and 14. Bank of Maharastra.

6. The business figures were on the date of Nationalisation were:

S.No.   Details of the Heads      Amount in Rs.
1         Paid up Capital                 286016038
2         Reserve Fund                    385747731
3         Deposits                       27417521582
4         Investments                    7816454154
5         Advances                      17036697268
6         Employees                               93000


7. ARGUMENTS IN THE PARLIAMENT – 28TH July 1969. The first man in the working-class movement, a comrade par excellence while supporting the bill on Nationalisation of Banks said:”The policy of strongman MorajiDesai, the policy of strengthening capitalism of the most reactionary type, was beheaded.
“ I congratulate the person who could, at last, take the decision to at least take out one head of the Birlas, it was the Birlas who gave the threat to this country that if monopoly is touched, heads will roll,”

8. The struggle by the right thinking patriotic citizens, representatives of the people in the Parliament, the then Prime Minister late Mrs Indira Gandhi, the first trade union of the workers established on 31st October 1920 backed up the consistent struggles right from 1950 to 1969 by the bank employees at that point of time brought the benefits in leaps and bounds to the society at large. Common men and women can walk into the Banks to avail all banking services without hassles. The Financial Inclusion exercise has been rechristened as the Jan Dhan Scheme. During the 50 years, Public Sector Banks and its workforce did discharge the duties with precision and also with compassion by and large.

9. GLOBAL UNCERTAINTIES: The exit of Britain from the European Union, trade tensions between the nations, the unexpected Global health emergency leading to a total recession in the economy, oil-market disruptions and also geopolitical risks are the stark realities faced by the Globe as a whole.

10. REFLECTIONS IN OUR NATION: The pandemic has taken its toll. Our economy and its performance are negative. Small and Medium Enterprises suffering from multiple problems broadly to state: migrant labour, no demand for the finished products and raw materials drawn from neighbouring nations are getting into problem. Banking is considered as a barometer of developing economy. Public Sector banks have performed the best in building the Nation at all times. These institutions are to be preserved, protected and promoted will required importance and seriousness.

11. PLIGHT FACED: The problems faced by the banking systems are:1. Galloping Bad Loans on account of RBI’s approach in Audit Review, 2. Shelving the approach profit motive substituted with a developmental approach,3. Reversal of the recommendations of the Narasimham Committee where private capital has entered to destabilise the financial system as a whole,4. Restoring the brick mortar banking model as envisaged in 2014 in Budget speech and 5. Creating a healthy environment for the entrepreneurs to grow within our country and to enlarge further.

12. OUR REQUIRED RESPONSE: The danger looms large. The undependable Government who are on a privatisation spree and selling all different Public Sector undertakings profit-making or otherwise- any moment may try to get the bill passed in the Parliament. This requires careful vigilance and also ready to fight back with all strength at our disposal. We shall have to involve the citizens of this nation, as we did it during the process of Nationalisation of Banks.

ARISE AWAKE AND STOP NOT THE GOAL IS REACHED. LET US PRESERVE THE NATIONALISED BANKING SYSTEM IN OUR NATION. WE ARE THE BENEFICIARIES OF THE BANK NATIONALISATION. LET US PRESERVE, PROTECT AND PROMOTE IT WITH CONVICTION. ON THIS OCCASION WE PAY OUR RESPECTS AND REMEMBRANCES TO THE FOUNDING LEADERS OF THE TUS/WELL WISHERS/POLITICAL PARTIES TOO.

Yours comradely

/S.NAGARAJAN/
GENERAL SECRETARY
 


Circular No.9/VII/2020
June 15, 2020

To 
All Units / State Committees

Comrades,

SEVENTH REMEMBRANCE DAY OF COM. R.J.S.-

A SOCIAL REFORMER IN CONDUCT AND POSSESSER OF INDOMITABLE WILL TO PERFORM.

Eighty four months have rolled down. Com.RJS became immortal in the galaxies of the founding leaders of the banking trade union on 15th June 2013. His contributions to the banking trade union movement were immeasurable. 

2. During his 43 years of service to the TU movement, he was baptised at the altar of the trade union by none other than late Com.CS, the household name in Canara Bank Employees’ Union and also in the Cooperative Bank movement too in the State of Tamil Nadu. Rose from a humble beginning as a Branch Representative in Canara Bank Employees Union to the National level as President for 6 years, as the General Secretary of AIBOA for 19years, and Chairman of our Organisation for two years in addition to his additional responsibilities in the Canara Bank Officers’ union. The quality of lending shoulders to other functionaries to share the responsibilities of retaining the Trade union functioning was remarkable and yet to be witnessed. His long stint of leave on loss pay to save the Employees Union in Canara Bank, in crisis time, today stands as an example for others. This daring decision also forced the Canara Bank management to severe his employment from the bank. Elders in the Trade union at that time took steps to halt the attack against him. He was the one who could see the emerging dangers due to unrestricted technology allowed to be implemented without any resistance. 

3. He added glory to our movement by articulating strong views on men and matters. The first claim for the introduction of Pension in one form or other demanded by late Com.P.K. Menon founder General Secretary AIBOA (14.02.1981) pursued vigorously without any hesitation or vacillation by Com.RJS steadfastly. Regulated working hours and five-day week demand to be taken forward from the Silver Jubilee conference in Delhi 2006, led to realise partially in 2015 for the entire banking workforce. He was the architect of the TARAK INSTITUTE OF BANKING AND TRADE UNION RESEARCH established in the year 2007 and established a trust for the Unorganised Sector. Silently he extended help to some of the leading lights of the working-class movement. He was soft-spoken, amiable and also act with sharp and quick wits. To state in a nutshell, he was a social reformer with an indomitable will to perform.

4. From the Central office of our organisation, usually, we do social identification programmes in a small measure. This year due to COVID 19, it is delayed because of restrictions on our travel etc.

AIBOA KERALA STATE COMMITTEE FULFILLED THE DREAM OF COM RJS.

The members of our organisation working in the State Kerala, as per State Committee call to help the COVID 19 situation, contributed a sum of Rs.1300000 for purchase of 4 ICU monitors and ancillary instruments to be installed in the 4 ICU wards in Calicut Medical College in the memory of Com.RJS. Team AIBOA records its deep appreciation of their commitments to the society and its helping nature in the time of need.

Aptly to quote from Shri.M.K.Gandhi, the father of the Nation:

STRENGTH DOES NOT COME FROM MERE PHYSICAL CAPACITY. IT COMES FROM AN INDOMITABLE WILL. (1920)

                        MAN BECOMES great exactly IN THE DEGREE IN WHICH HE WORKS 
                                   FOR THE WELFARE OF THE FELLOW MEN (1930) 
                                      Com.RJS Amar Rahe.        All glory to Com.RJS

Yours Comradely,
/S.NAGARAJAN/
GENERAL SECRETARY
 


Circular No.8/VII/2020
May 23, 2020


TO 
ALL AFFILIATED UNITS / STATE COMMITTEES 


Dear Comrades,

OUR WRIT PETITION AGAINST
THE AMALGAMATION OF PUBLIC SECTOR BANKS.
NEXT DATE OF HEARING 6th July 2020.

Our organisation is of the firm view that the merger of Public Sector Banks is an antithesis to the development, as Banking is the central fulcrum of the economic development of a country. Our Nation is one of the shining examples of the Public Sector Banking playing the lead role in shaping the future of the people as well as the enhanced growth trajectory of the economy. In a global meltdown situation, (2008) the then owners loudly claimed that the Public Sector Banks of our Nation were insulated against any unforeseen circumstances, not like that of USA.

2. While AIBOA and AIBEA were opposing the merger of Associate Banks with State Bank of India, the other unions welcomed the same, with a hope that the workforce in the Associate Banks would get additional four increments on account of the Merger. Subsequently, it was admitted by them that it was a mistake on their part. It was 17th September 2018, the amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda was announced during the tenure of NDA1.0. Our organisation advised AIBOA(Rajasthan State Committee)to file a case in the High Court of Rajasthan at Jaipur. Dena Bank Officers’union joined the court case. Sensing the grave situation Bank of Baroda management engaged the present Solicitor General India Mr.Tushar Mehta and sought it the case was transferred to Supreme Court. We have gone by the directions of the Apex Court and ensured the transfer of the files from Rajasthan High Court on 5th March 2019, whereas the directions to file the reply by the Government of India and Bank of Baroda are yet to be complied with. The date given to them was 11th March 2019. The interim application was dismissed by the Apex court bench headed by Hon’ble Justice Rohinton Nariman and other.


3. On 30th August 2019, it was a bolt from the blue, the present Finance Minister announced the merger of 6 banks with 4 banks, thus reducing the number of Public Sector Banks to 12. Four officers’ organisation launched an agitation with a clear intension to culminate in strike action in September 2019. However, a firm assurance by the then Secretary DFS, Government of India to form a high power committee consisting of all stakeholders made us, to defer the Strike. The Government of India issued a direction to all the 10 banks to address the issues about the merger of Banks and the Executive Director in charge of HR should hold the consultations and report to the Boards. It was more or less non-starter.

4. Once again, AIBOA decided to knock the doors of the apex court challenging the procedure of ‘Alternative Mechanism’ a short cut method to bye-pass both the houses off Parliament. Accordingly, we have filed a case in the Apex Court in March 2020. Lockdown has come in the way of presentation of our case in person. The technology has its influence in the court hearing too.

5. The case came of hearing in the Apex Court yesterday before the Bench headed by Shri. Rohinton Nairman and others. Our Advocate on Record Shri. Ajay Choudhary represented our case before the bench. Our prayer was to tag our earlier case with the present one, which was granted. The said order of the Apex court is appended herewith. The next hearing is fixed on 06th July 2020. 

If no one responds to your call,  then go your own way alone.   =Rabindranath Tagore=

7. We are taking all reasonable steps to challenge the total action of the Government of India.


Yours comradely,

/S.NAGARAJAN/
GENERAL SECRETARY

ITEM NO.9 Virtual Court 4 SECTION PIL-W
S U P R E M E C O U R T O F I N D I A
RECORD OF PROCEEDINGS
Writ Petition(s)(Civil) No(s). 459/2020
ALL INDIA BANKS OFFICERS ASSOCIATION & ORS. Petitioner(s)
VERSUS
UNION OF INDIA & ORS. Respondent(s)
(FOR ADMISSION and IA No.47667/2020-EX-PARTE STAY)
Date : 22-05-2020 This petition was called on for hearing today.
CORAM : 
HON'BLE MR. JUSTICE ROHINTON FALI NARIMAN
HON'BLE MR. JUSTICE NAVIN SINHA
HON'BLE MR. JUSTICE B.R. GAVAI
For Petitioner(s) Mr. Ajay Choudhary, AOR
Mr. Pradeep Chaudhary, Adv.
For Respondent(s)
UPON hearing the counsel the Court made the following
O R D E R
Tag with T.C. (C) No. 20/2019.
(R. NATARAJAN) (NISHA TRIPATHI)
ASTT. REGISTRAR-cum-PS BRANCH OFFICER

  -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Circular No.7/VII/202
April 20, 2020

TO
ALL UNITS / STATE COMMITTEES 


Comrades,

                                              
FIRST TRADE UNION OF BANKMEN ENTERS
                                                                         
  
                                                                  75th YEAR TODAY.                        
                                         
                                              FRATERNAL GREETINGS FROM THE SIBLING.


The first trade union of Bankmen in pre-independent India founded on 20th April 1946, in the city of Joy – Calcutta. The growth of the five magical letters Organisation spread its wings throughout the length and breadth of our Nation during the seventy-four years of its existence. It was built brick by brick by the selfless services and sacrifices made by countless people. The journey by the organisation from its foundation until its 13th conference held at Trivandrum was mainly dominated by presentations before the labour tribunals. Thus the turning point in the onward march of the organisation was the introduction of bilateralism between the managements of the Banks and AIBEA.

2. It is said; “ Trade unions are instruments for change.” The seamless execution of plans of action by the titans of the movement was unparallel in the Industry, The fulcrum of the developing economy is wrested with banking activities. Thus the steps initiated in 1969, led to political turmoil. Social Control brought by the Government was fought tooth and nail. Despite various roadblocks, ultimately 14 banks were nationalised. The strategic move benefited society in various forms, notably the green revolution, white revolution, IRDP loan to benefit the poor etc. Workers participation in decision making process was also introduced in 1972 by the convincing skill of late Com.H.L.Parvana and also by Com.Prabhatkar. On 18th April 1975, the tireless and self-less crusader of the working class became immortal. The emergency was clamped and the leaders were subjected to harassment by the political outfit, Com .Prabhat Kar and Com.D.P.Chadha came out unscathed.

3. Attacks followed in scores. Abrupt steps were taken by the then government to freeze the Dearness compensation to the workforce in the Industry. Sensing the danger, timely step to unite the workforce was seriously pursued. The leadership of AICOBOO made a somersault at the last minute and backed out of the Indefinite strike call in 1979. The result was introduction Pillai Committee Recommendations on Wages and Service Conditions for the bank officers w.e.f from 01.07.1979 for Nationalised Bank officers and State Bank officers got it from 1.10.1979, where a better pay structure was extended, a prize offered to SBI workforce. The necessity had arisen to organise the officers who rose from the ranks and thus the formation of Officers after a serious debates. Nagpur, the orange city became the place to give birth to our Officers Organisation in Feb 1981. The fourth bipartite settlement was signed on 16th September 1984 with least struggle by the workforce. The first Charter of demand for officers was submitted to IBA on 26th June 1984 under the leadership of Com.Prabhat Kar and Com.P.K.Menon. We lost Com.Prabhat da on 27th Nov,1984.

4. The introduction of machines and its upgradations from time to time to suit the requirements of the Industry, effective presentation before the NARASIMHAM I and NARASIMHAM II on Banking Reforms in 1992 and subsequently, opposing the dilution of equity of the Government to private players, securing the benefit of Cradle to Grave Scheme with effect from 1.11.186, successive improvements secured through bilateral settlements and projecting the need of uniting the entire workforce under UFBU from the Golden Jubilee Conference in Nov 1996 were ntable achievements, by legendary leader Com.Tarak Da who held the leadership of the Industry from 1978 -2003.

As the author of the theory of relativity, Shri Albert Einstein quote:
     
    The true sign of intelligence is not knowledge, but imagination.

5. The journey of the organisation thus continued to get numerous financial benefits besides preparing the workforce to oppose the ill-advised the policy of the Government in putting the clock back to pre 1969. The merger of Banks instead of expansion, to sell the equity of the Developmental Financial Institution IDBI to private hands, enabling provisions to facilitate the corporate not to repay the huge loans to Banks and ultimately causing the attack on Jobs and Job Security are the major issues starring at all of us. 

6. On entering the 75th Year, AIBOA greets:

    May you always,
    Remember how wonderful you are in your own ways and hold on 
    to your dreams and Keep them close to your heart,
    May you recognize Every precious opportunity that comes your way and never loses ability to see your     
    way hrough any worries,
    Because you hold tomorrow within your hands and always  
    remember that the wishes and goodwill of your friends and dear ones are there with you 
    in each step of your way.

7. The team AIBOA bows in the memory of founding leaders of the great movement.

                                                                          LONG LIVE AIBEA

                                    LONG LIVE WORKING CLASS - LONG LIVE WORKERS UNITY.

                                                   LET US FACE THE CHALLENGES TOGETHER,

Yours comradely,

S,NAGARAJAN.
GENERAL SECRETARY. 
          


March 28, 2019

To:
ALL UNITS / STATE COMMITTEES

Dear comrades,

 

MERGER OF BANKS OUR CASE IN SUPREME COURT

Our organisation, taking into consideration the various emerging situations, with due consultation with our legal counsel filed an interim application, as the earlier application filed in the Hon’ble High Court of Rajasthan, Jaipur Bench was listed for hearing originally on April 4th, 2019 by the Supreme Court of India.  The main contention in our interim application was the legality linked to the whole process of merger exercise of Alternative Mechanism, a new apparatus, has been used to substitute the Parliament procedure ie; to lay the proposal of amalgamation or merger before the both houses of the Parliament.

2.         In our Interim Application filed before the highest court, non of the respondents have filed any written reply till date.  The case was listed on 26th March, 2019, as the last item in the list.  Our Counsel mention the same before the Hon’ble Justice R.F.Nariman and Justice Vineet Sarin citing the urgently of the matter and the same was listed for hearing today morning.

3.         Today the case taken up for hearing and the legality involved in the process was not answered.  Mr.Tushar Mehta, Solicitor General of India appeared for the Government and Mr.Mukul Rohtgi, former Solicitor General of India represented Bank of Baroda.  They argued that as the three Banks are under Public Sector, the service conditions are identical in content and nature and employees’ interest are not going to be adversely affected, hence our prayer for Interim order has not been considered favourably.  However, the hearing on our Writ Petition will continue in due course after the reply is submitted by the Government / respondent Banks.

4.         Our organisation has taken right steps to thwart the merger exercise in the best possible ways, as the merger of Banks is the only issue remaining unimplemented agenda of Narasimham Committee I and II.  Reduction of Branches, transfer of workforce and arresting the future employment are the serious direct fall out of this unchecked exercise of the Government.

Our fight both legally as well as organisationally will nevertheless continue against Bank mergers.

In the meantime comrades are called upon to consolidate our membership in the new entity for effective safeguarding of our interest.

Yours comradely,

/S.NAGARAJAN/

GENERAL SECRETARY


Circular No.5/VII/2019

March 4, 2019

 

 

To:

ALL UNITS / STATE COMMITTEES

 

 

Comrades,

 

OFFICE BEARERS MEETING AT HYDERABAD – 03.03.2019

DECISIONS ARRIVED AT

 

An urgent office a bearer meeting of our organisation was convened at Hotel Central Park,Hyderguda, Hyderabad on 03.03.2019 to take the stock of emerging situations and roll out a plan of action to address the issues confronting the officers’ community as a whole.

 

2.         The proceedings were conducted by the Joint Presidium – Com.Alok Khare, Vice Chairman and Com.A.N.Suresh, President and commenced at 10.35 am.

 

3.         The leave of absence was granted to Com.Narendra Kotiawala, Dy.General Secretary, Com.Vinod Sharma, Com.D.N.Trivedi, Com.Giri Srinivasa Rao and Com.Rajesh Tiwari Joint Secretaries as they were held up with certain prior commitments.

 

4.         After the welcome address by Com.V.Anil Kumar, General Secretary, AIBOA – AP & T State Committee the meeting commenced its proceedings.

 

5.         IN MEMORIUM:  The house observed two minutes silence in the memory of the “40” CRPF Jawans killed by the terrorist outfit at Pulwama and other martyrs after Pulwama attack and also Com.G.Gunasekaran, Treasurer of our organisation.

 

6.         While placing developments right from last CC held at Mamallapuram on September 8-9, 2018, followed by the Secretariat Meeting held at Mumbai on 13.10.2018 and State Presidents and General Secretaries meet at Jaipur on 17.11.2018, the programme unleashed by AIBOA right from “Postering Campaign”, programme observed by the nine constituents culminating in a day’s strike and escalating to judicial intervention with the present status of the case before Supreme Court of India were placed.

 

One more focussed presentation was on the present stand taken by other two officers’ organisations in the last two rounds of discussions with IBA, on the issue of “fractured mandate”.  The information related to the interaction with General Secretary AIBOC at Kolkata [24.02.2019] and also with General Secretary NOBO at Chennai [27.02.2019] were also informed.  Com.V.Ramabhadran, Secretary, AIBOA, who is also the Convenor of the Wage Committee, presented details pertaining to the current status of the wage revision, as per the advice of the Joint Presidium, for the benefit of the office bearers / participants.

 

7.         On the both issues, a detailed deliberations took place by all office bearers with the following observations.

 

a.    a.  While on the Bank merger issue taking to judicial recourse is welcome and necessary step simultaneous campaign to educate Bankmen as well as customers and common people with more details about ill effects of the Bank mergers must continue.

 

b.     b.  Wage Revision – On developments relating wage revision it was felt that safeguarding and strengthening the process of bilateral negotiations while making these effective and meaningful is the prime need of the hour.  AIBOA  must therefore continue it’s efforts to evolve cohesive approach to secure expeditious settlement.  In regard to Mandate issue while IBA having conceded up to Scale V coverage is a success of negotiating process efforts must continue to secure coverage for all grades of officers as in the past.

 

8.         Office Space Acquired:  The meeting held at Hyderabad was after our oganisation acquired a premises in our name on 9th January 2019 and the same was as per decision of the Secretariat.  The office space is being utilised by AIBOA-AP & T State Committee and steps taken by Com.V.Anilkumar, General Secretary, AIBOA-AP&T State Committee, was noteworthy.

 

9.         On organisational front, the present status in AIOBOA and AIPSBOF was also reported.  Our affiliate in Central Bank initiating steps to arrive at the consensus is eluding final conclusion / fruitful execution of plans.  The IDBI-LIC deal and the Supreme Court decision negating our affiliates prayer was also reported.

 

10.       Constitution amendments/formation of committee:  As proposed in our meeting at Jaipur on 17.11.2018, to draw a balanced approach between the State Committee and affiliated Units in its representation in the office bearers team, more emphatically in strengthening the grass root level contacts through District Committee formation etc., a committee has been constituted for amending bye laws of the organisation, to be placed before the ensuing Central Committee meeting.

 

a.    Com.Anil Kumar [AP&T ] Convenor

b.    Com.K.Sathyanathan [Kerala]

c.    Com.G.S.Oberoi [Haryana]

d.    Com.Sanjay Khan [Delhi]

e.    Com.D.S.Ganesan [Tamilnadu] and

Com.Arivind Porwal, Vice President, AIBOA will also associate with the committee.

 

11.       Co-Option of Treasurer:      Com.R.Jawaher, CC Member, AIBOA, Deputy General Secretary, AIBOA[TNSC] and General Secretary, IBOF has been co-opted as Treasurer of our organisation in the vacancy caused due to untimely demise of Com.G.Gunasekaran former Treasurer.  The decision will be ratified in the Central Committee.

 

Kudos to Team – AP&T State Committee “Captained” by Com.V.Anil Kumar who collectively executed the assignments in a short time provided, flawlessly.

 

Yours comradely,

  

/S.NAGARAJAN/

GENERAL SECRETARY

 

“Small Deeds done are better than

Great deeds planned.”


Circular No.4/VII/2019

March 1, 2019

To:

ALL UNITS / STATE COMMITTEES

 

Comrades

MERGER OF BANKS

STATUS OF THE INTERIM APPLICATION

 

We have informed earlier that on 10th January 2019, Hon’ble High Court of Rajasthan, bench at Jaipur, after hearing our counsel, ordered to “serve the notices to respondents [ie;] Union of India, RBI, Bank of Baroda, Vijaya Bank and Dena Bank] returnable by six weeks “.

 

One of the respondents Bank of Baroda filed a case in Supreme Court of India for staying the proceedings in Rajasthan and Delhi and other High Courts.  The counsel representing the Bank of Baroda is Shri Tushar Mehta, Solicitor General of India along with four others.  The case came up on 06.02.2019 and the Bank requested time for filing an application which was granted.  It came up for hearing on 08.02.2019, before Hon’ble Mrs. Justice R.Banumathi and Mr.Justice R.Subhas Reddy.  The case was slated to be heard on 28.03.2019, an ex-parte stay obtained by Bank of Baroda.

 

Our organisation, on analysing the developments, engaged Shri P.S.Narasimha, former Addl.Solicitor General, through Shri Pradeep Chaudhary and Shri Ajay Chaudhary, Advocate on record filed an Interim application to hear our case expeditiously as the effective date of merger will be 01.04.2019.

 

The Interim application filed by our organisation has come up for hearing in the Supreme Court of India today along with other writs also.  Upon hearing, Hon’ble Supreme Court has agreed to transfer all writ petitions together to Supreme Court, with the directions to all petitioners to file the copies of other original writ petitions before the Supreme Court by 06.03.2019, with the respondents to file reply by 11.03.2019.  On mentioning before Hon’ble Chief Justice of India, a date would be given soonest for final hearing.

 

One step forward from our end to seek justice from the Highest Court of our Country.

 

We shall keep you informed of the developments in due course.

 

Yours comradely,

 /S.NAGARAJAN/

GENERAL SECRETARY


 

Circular No.2/VII/2019

January 11, 2019

 

 

To:

ALL UNITS / STATE COMMITTEES

 

 

Dear comrades,

 

AIBOA SEEKS JUDICIAL INTERVENTION ON

THREE BANKS MERGER

 

On 17th September, 2018, an apparatus called “Alternative Mechanism” by the present Government at the centre, made an announcement of amalgamation of three banks [ie] Bank of Baroda, Dena Bank and Vijaya Bank and the three Banks’ were informed of the decision of the Government of India, to take it forward.

 

The steps that are to be initiated to achieve the desired goal of amalgamation are :

 

1.      1.The proposals must start from the Boards of the Banks

 

2.      2.The decision regarding creating strong and competitive Banks would be solely based on commercial considerations

 

3.     3. The proposals received from Banks for in principle approval to formulate scheme of amalgamation shall be placed before the Alternative Mechanism [AM].

 

4.     4.After in-principle approval, the Banks will take steps in accordance with law and SEBI’s requirements.

 

5.     5.The final scheme will be notified by Central Government in consultation with Reserve Bank of India.

 

 

The amalgamation of the Banks needs approval from both Houses of Parliament as per the Banking Regulations Act 1970 /1980.

 

As amalgamation or merger of Banks is not in the interest of people at large, such a step should necessarily be opposed and resisted by Trade Unions.

 

We have closely observed that the decision has been imposed from the owners and not emanated from the individual Bank’s Boards,  hence there is need to interfere and also bring it to the notice of the members as well as all concerned in the Banking Industry.  An added element is that the provisions of Banking Regulations Act 1970/1980 has not been complied with in full measure.

 

Our organisation along with Dena Bank Officers’ Union sought the judicial intervention by filing a case in the High Court of Rajasthan, at Jaipur.  The case came up for hearing yesterday.  The Hon’ble judge, while issuing the directions to serve the Notice to the five respondents, returnable in four weeks, made a passing remarks that the provisions of law has not been complied with.

 

            “ A thousand miles journey starts with a small and tiny step”

 

which our organisation has commenced.

 

We keep to inform the details to all concerned in due course.

 

Yours comradely,

 

 /S.NAGARAJAN/

GENERAL SECRETARY 

 

 

ALL OF OUR TOMORROWS

ARE IN THE SEEDS WE PLANT

 



26.02.2021