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Circular No.8/VIII/2023
February 1, 2023

To:
ALL UNITS / STATE COMMITTEES

Comrades,

Discussion with IBA - 31.01.2023

IBA held bipartite discussions with UFBU yesterday (31-01-2023) in Mumbai. IBA was represented by Shri M.V. Rao, MD& CEO, Central Bank of India, who is the Chairman of the IBA’s HR Committee and ED/CGM/GMs of various Banks who are also members of the committee.

The discussions were held in three parts viz. on common demands, demands of workmen unions and demands of officers’ associations.

" Common Demands ":

1. Introduction of 5 Day Work Week : We had earlier suggested an increase of 30 minutes per day in the working hours for declaring all Saturdays as holidays. In this meeting, IBA proposed that the working hours be increased by 45 minutes per day for implementing 5 day work week. We, however, insisted on our earlier suggestion. After further discussions, IBA requested us to submit our revised suggestions on working hours and business hours for cash and cash transactions. We informed IBA that we shall submit our views after discussions amongst our constituent unions.

2. Updation of Pension : To our demand for updation of pension, IBA informed that the issue is under litigation before the Supreme Court. However, IBA wanted us to concretise our demand so that they may work out the cost involved for such updation and for taking a considered decision looking to its impact on the Pension Fund in each bank, the additional provisions that Banks have to make in the Pension Fund, etc. IBA also explained that the general view and perception that existing amount available in the pension fund is adequate to meet the additional cost of updation is misplaced since all the Banks are already making additional provision every quarter even to meet the cost of the present pension payouts. We demanded sharing of data and engagement of one or more actuaries to calculate the actual cost of updation and also to analyse the health of the fund.

3. Reverting to Old – DA Linked Pension Scheme : To our demand for restoration of and reverting to old pension scheme for the post-April, 2010 recruitees, IBA informed and suggested that since this would amount to amending our existing Settlement, the same may be taken up and discussed during the ensuing negotiations for wage revision. We have agreed to the same.

4. Increase in Ex-gratia pension for Pre-1986 retirees/spouses: To our demand for increase in the Ex-gratia pension being paid at present to the pre-1986 retirees and the surviving spouse, IBA informed that the matter is under active consideration of the IBA Managing Committee and a decision will be taken shortly and accordingly the Banks will be advised.


5. Negotiations on Charter of Demands: IBA informed that the Government has sent their communication to the Banks that the negotiations for the next wage revision may be initiated and accordingly IBA requested all the Banks to peruse the charter of demands and submit their mandate to the IBA. In view of this, we suggested to the IBA that the date for the formal commencement of the negotiations may be fixed at an early date with a view to complete the process as early as possible and avoid undue delays. IBA agreed with our views and informed us that they would discuss amongst themselves to further move in the matter.

DISCUSSION WITH WORKMEN UNIONS:

In the DA Scheme, the base year may be shifted from 1960=100 to 2016=100.

IBA opined that this can be taken up for discussion in the negotiations for ensuing wage revision.

Allocation for Staff Welfare Schemes to be based on Operating Profit instead of Net Profit

IBA informed that the issue is under active consideration

Revision in Conveyance Allowance for Physically Challenged employees as agreed in the 11th BPS.

IBA informed that the same been duly recommended to the Government and the same is in process.

Special Allowance to be paid to the Award staff in North East

IBA agreed to follow up the matter with the Government.

Special Compensatory Allowance in J&K, Himachal Pradesh

IBA agreed to refer the matter to the Government.

(i) FAQ to Bank on uniform guidelines on fitment /protection of emoluments on joining the Banks and (ii) clarification to be given by IBA on Clause 4(c) of 12th BPS

(i) IBA agreed to look into this issue.

(ii) IBA informed that the issue would be discussed further in the light of the submissions made by the Unions

Proper implementation by Banks of the Govt. guidelines regarding transfers, promotions and postings of PWD(persons with disabilities)

IBA informed that these guidelines are being adhered to by the Banks

Uniform Business/Banking Hours in Banks

IBA informed that the issue can be discussed along with the discussions on 5 day work week.

Retirement benefits to be brought out of the purview of income tax.

IBA informed that they are facing some court cases in this regard and hence cannot discuss the matter since it is subjudice.

Reduction in premium on medical insurance for retirees

IBA informed that the issue can be discussed in the Small Committee

Improvement in pension scheme – additional pension above age of 80,90 & 100; full pension after 20 years service; calculating pension based on last month’s Pay

IBA informed that these issues require further discussions.

Pension to resigned employees

IBA informed that they are not inclined to agree.

DISCUSSIONS WITH OFFICERS ASSOCIATIONS:

Double Jeopardy

IBA, quoting the legal decision and expressed that an officer, who had not accepted the promotion offered, had disentitled himself to receive the monetary benefits. However, IBA was willing to examine the issue of considering the granting the monetary benefits to those opting out of promotional exercise as well as to those who were denied of PQP and Stagnation on account of their refusal but subsequently participated in the promotional exercise but not selected/failed in the examination.

D & A Regulations

We placed on record the efforts made by the Chairman of HR committee, who facilitated the issuance of Government guidelines on Uniform accountability policy in the industry. IBA team, informed that lot of efforts have been put in this matter and the matter is resting with CVC. Having brought the Uniform Accountability policy in the industry, the need has also arisen to have a common codified effects of Punishments (as available in SBI) and also to have a provision to allow the retired officers to act as defense assistants in the departmental enquiry initiated after retirement as per Pension Regulations 1995. We also brought to their notice how some banks are treating retired officers in the matter of departmental actions. IBA assured to examine our standpoints.

Grid Holidays

IBA informed that at present there is an arrangement of monetary compensation to the officers working on the declared holidays under NI Act, as informed by the members banks. We categorically reiterated that number of holidays available to the officers working in the branches should be made available to them. On average, the officers working in the grid are deprived of 14 to 15 days in a year. In sum total, for three years, they are at a loss of 42 to 45 days. We reiterated that our officers should be entitled for additional privilege leave to compensate the loss. IBA agreed to examine the same again.

Child Care Leave

IBA informed that the DOPT guidelines are applicable only to Central Government employees. We brought to their notice that there was an assurance on the floor of the Parliament of the then Minister for State for Finance to extend the facilities to all PSUs and also Banks.

North East Allowance:

We reiterated that the facility to be extended to all officers as available in RBI and other government institutions. The required data from Banks should be collated at the earliest. IBA agreed to follow up the matter with the Government.

Stagnation Increments

While IBA reiterated their approach that the monetary benefits would be available from 1.11.2020, we opined that most banks have not correctly interpreted the payment of arrears due to introduction of one additional increment from Scale 1 to Scale-IV and the readjustment of the periodicity. The amount to be paid as arrears have been factored in while computing the financial allocations. In fact, we stated that the number of officers stagnated are bare minimum, the benefit should be extended forthwith. IBA has agreed to revisit the issue, in view of the benefit extended to officers in some banks, who have correctly interpreted the date of payment of arrears due to introduction of an additional stagnation increment and also the reworking of increments due to reduction of periodicity from 3 years to 2 years.

LFC

IBA has appealed to take it up in the ensuing salary revision exercise, we reiterated that an advisory needs to issued to make the facility available to spouses. IBA agreed to examine the matter positively. We are confident of clinching this issue.

Reimbursement of Expenses on Travel By Road

IBA has informed that they are actively engaged in the process of enhancement of the quantum and delinking of the same from existing railway freight charges.

PLI

IBA is in the process of taking a positive decision, as per our earlier submissions that all officers who have joined/retired/deceased during the financial year under consideration should be paid PLI.

Mandatory Leave

IBA informed that the advisory was already issued. We, however, reiterated that while some banks have since introduced this concept of treating the 10 days mandatory leave as a special leave, many banks were yet to introduce the same in their respective banks.

Medical Aid 2017

IBA is willing to examine the issue for payment of full medical aid for the year 2017 in view of the provisions made in the 8th Joint Note.

Tax On NPS 14%

IBA informed that they have already taken up with the concerned authorities for exemption of the additional 4% paid by the employer.

Yours Comradely,

/S.NAGARAJAN./

GENERAL SECRETARY


Circular No. 6/VIII/2023

13.01.2023

TO

ALL UNITS / STATE COMMITTEES

Comrades,

NINE CONSTITUENTS DECIDED TO OBSERVE
STRIKE ON
30th and 31st JANUARY, 2023.

A meeting of the nine constituents was held at Hotel Avion, Vile Parle, Mumbai yesterday, commencing its proceedings from 11.25hrs. Our Organisation was represented by Com. Devdas Menon, Com. V. Viswanathan General Secretary and President of AIBOA(Maharashtra State Committee) respectively along with the undersigned.

2.         The meeting was held in the background of the non- responsiveness of the IBA in resolving the residual issues for which the MOU were signed in December 2020 and Jan,2021. Prominent and common issues are 5days Banking, Up-dation Pension and scrapping of NPS.

Subsequent to the earlier meeting held at Chennai on 15th December 2022, our organization addressed a communication to the Convenor UFBU on reduction of Cash Hours due to increased usage ofUnified Payment Interface (UPI) and also on up-dation pension based on actuarial report for which actuary was appointed two years back by IBA.

3.         After the unanimous acceptance by all constituents to observe the Strike prior to budget Session, the following issues have been listed.

[1] 5 days Banking
[2] Up-dation of Pension:
[3]. Resolution of remaining residual issues
[4] Scrapping of NPS
[5].Immediate starting of Wage negotiations
[6] Adequate recruitments in all cadres to provide effective customer service.

4.         INSURANCE BACKED HOSPITALISATION SCHEME: Our organization has placed that due to very many inadequacies in the scheme and there was no discussion held on the submission made by four officers’ organizations while concluding the 8th joint note, in the current charter of demands, it was categorically made clear for rolling back to the old scheme. On Constitution of the committee for the purpose of the discussions with the service providers i.e Insurance Company, we had expressed that all constituents should be the members as in the case of PLI.

We have also informed that an account holder in banks (Indian Bank, Canara Bank, Bank of Maharashtra and Bank of India) gets a coverage by paying less premium.It was agreed that the constituents should submit the details for taking up with IBA.

5.         We, advise that our State Committees should take note of the above developments with all required seriousness and prepare the workforce for the action programs without any laxity.

Yours Comradely

S. NAGARAJAN

GENERAL SECRETARY.


Circular No.4/VIII/2023

12.01.2023

TO

ALL UNITS / STATE COMMITTEES

Comrades,

BABY STEP TO HALT THE MOVE OF
DISINVESTMENT
OF GOVT AND LIC STAKE IN IDBI LTD.

Industrial Development Bank of India, was established in 1964 as a Developmental Financial Institution by enactment of an Act by the Parliament to finance the projects of huge outlays and loans are to be repaid over a period of 20 to 30 years.The Institution was growing and due to the new accounting norms of income recognition brought into the banking system, the number of bad loans increased leaps and bounds over a period of time. Due to the mis-step converting the DFI to a Universal Bank, problems were further added.  Not only that, a private sector Bank established in Western Maharashtra was merged with IDBI, due to certain compulsions by the owners of the financial system. The service conditions of RBI were extended to the workforce till 2005, the year in which the IDBI repeal act was enacted in the Parliament. Assurances doled out in the floor of the Parliament were thrown to winds pertaining to the ownership of the Institution. In spite of various developments taking place with the Institution, burden of Bad loans is a worrisome factor even today.

2.         The performance of the IDBI in various parameters are furnished for the benefit of the workforce.             In Crores

SNO

HEADS

2018

2019

2020

2021

 2022.

1

Deposits

  247932

227372

222424

230898

233134

2  

Advances

171740

146790

 129842

128150

145772

3      

TOTAL BUSINESS

419672

 374162

352266

359048

378906

4.

CASA SHARE %

    37.15

    42.54

    47.74

   50.43

   56.77

5. 

Gross NPA

   55588

   50028

   47272

  36212

  34115

6.

NET NPA

   28665

   14837

     5439

    2519

    1856

7.

% Gross NPA

    27.95

    27.47

    27.53

   22.37

   19.14

8.      

% Net NPA

    16.69

    10.11

      4.19

     1.97

     1.27

9. 

operating Profit

     7909

     4052

     5112

    7035

    7495

10.

PROVISIONS

   16147

   19168

   17599

    5676

    5056

11.

Net Profit/Loss

-8238

-15116

  -12887

  +1359  

  +2439

12.

Investments

91606

    93073

   81780

 81023

82988

The workforce of 17430 serving in 1884 branches have contributed for the growth of the IDBI Institution. The ratio of officers:award staff is 90:10. The outsourced employees are substantial and are in the service of the bank for nearly 2 decades.

3.         The Central Government, by a cabinet decision, in a press meet in the month of May 2021, announced that the Government decided to strategically disinvest 94% stake held by the Government and LIC in IDBI Ltd. Our organization, immediately wrote to the Hon’ble President of India, to halt the move of disinvestment exercise equally appealed to recover the Bad loans through fast track mode. Besides this, as the creation of the Institution was through the enactment of law in the Parliament, it should be discussed in the temple of democracy before taking further steps.

4.         Government of India advised the LIC to withdraw their stake in one stroke against the terms of sanctions conveyed by IRDAI. The management control rests with LIC as at this time and they are the majority shareholder in IDBI Ltd. IDBI ltd is a Public Sector Undertaking, there are rights and privileges to benefit the workforce in many counts.

5.         The Government of India, thro’ DIPAM has invited expression of Interest from the interested bidders and the extended time ended on 7th Jan 2023. During this period, the prospective bidders have sought tax concessions, liberlised shareholding, and allowing 51% investment from foreign entities etc. SEBI considered the request of the Government a couple of days back thereby the number of bidders have also increased, as per the print media report.

6.         In the meanwhile as decided in the CC meeting in August 2022 held at RJS Bhavan, Mahabalipuram followed by its confirmation in the recently concluded 8th National Conference at Chandigarh our organization has sought the legal intervention and filed the case in the Hon’ble High Court Bombay. The case is expected to come up for hearing anytime in this month.

7.         The leadership of our organization along with other trade union organizations is sincerely striving hard to enhance the participation of the members to the best of their abilities. AIBOA representatives participated and extended their support for the Dharna organized at Mumbai on 9th December 2022 and also at Delhi on 4th Jan 2023.

We shall keep you posted with the developments in due course.

Yours comradely,

S.NAGARAJAN

GENERAL SECRETARY  


Circular No.3/VIII/2023

12.01.2023

TO

ALL UNITS/STATE COMMITTEES

Comrades,

AIBOA EXTENDS SUPPORT TO THE NAINITAL BANK UNITED FORUM
FOR THEIR TWO DAYS STRIKE ACTION
ON 20th and 21st JANUARY 2023.

We are happy to inform the units that the workforce in the Nainital Bank have formed NAINITAL BANK UNITED FORUM, comprising of our affiliate Nainital Bank Officers Association, Nainital Bank Staff Association (AIBEA) and Nainital Bank Officers’ Federation (INBOC) and met the Chief General Manager ( Subsidiary) Bank of Baroda  Central Office Mumbai on 28th December 2022 and submitted a memorandum to the Bank with their two demands ie; to maintain the status quo or to amalgamate/merge with the Parent Bank i.e; Bank of Baroda.

2.         The total workforce, as a preparatory exercise preceding to the two days strike, conducted a meeting on 8th January 2023 (SUNDAY) at Haldwani, Hon’ble Minister for State for Tourism Shri. Ajay Bhat attended the large gathering and assured to take with the concerned authorities in Government of India. He has already addressed a communication in the last week of December 2022 to Hon’ble Finance Minster of our Country, supporting the stand taken by the workforce in the Bank.

3.         Nainital Bank United Forum has already served the strike notice to the Bank as well as the labour authorities Government of India. On receipt of the notice for strike, Ministry of Labour Government of India, convened a conciliation meeting at Dehradun yesterday. The Labour authorities advised the management representatives to arrange for a meeting of Board of Directors on 17th Jan 2023 to interact with the representatives of Nainital Bank United Forum. Further he has adjourned the conciliatory talks to 18th Jan,2023.  In the meanwhile, the Labour Authorities at Bareilly (UP) has fixed for conciliation on 13th Jan 2023.

4.         Our Organisation has already taken up with the Controller of Banking System, that they should intervene in the matter and halt the exercise of the calling for the Expression of Interest. Further, the Committee on Petitions had observed about the take over of the Bank by the Parent Bank ie Bank Of Baroda.

5.         Our State Committees in the Five States ie; Uttarakhand, UP, Delhi, Haryana and Rajasthan are advised to co-ordinate with the workforce of NAITIAL BANK UNITED FORUM in their organizational actions culminating in two days strike on 20th and 21st January 2023.

With organizational Greetings,

Yours Comradely.

S.NAGARAJAN.

GENERAL SECRETARY


Circular No.1/VIII/2023
January 1, 2023

To:
ALL UNITS / STATE COMMITTEES

Dear Comrades

PRECAUTIONS HELP
MORE THAN THE PANIC.

While we enter the NEW YEAR 2023, the year 2022 experienced certain key events viz: Sky high inflation, tumbling down of the equity markets world over and broken relations between the countries due to the 300 plus days of continuing war triggered by the adamant Russian invasion of Ukraine. Hosts of other happenings too made the year What it was.

2.         Internationally respected personalities we lost were: longest reigning British Monarch Queen Elizabeth II died; Former Prime Minister of Japan Shinzo Abe was assassinated; the last leader of the Soviet Union Mikhail Gorbachev died. Football legend Pele died at 82 recently.

3.         The exit of Boris Johnson resigned as UK Prime Minister, triggering leadership battle within the Conservative Party. Liz Truss was elected the new Prime Minister of UK, who provided the leadership for the shortest period in the history of UK. Rishi Sunak, former Finance Minister in the Boris Johnson Cabinet succeeded Ms. Liz Truss.

4.         After a three months agitation in Sri Lanka due to fuel shortage, spiraling economy and Gotabaya Rajapakse fleeing the country, the economy crashed, thus resulting the anti -Government protestors storm the Presidential place. Unable to handle the crisis ridden situation, Ranil Wickremesinghe assumed the head of the Government as President. A constitutional crisis hits the Imran Khan Government in Pakistan and he was ousted from the office in a no confidence motion. Shahbaz Sharif was sworn in the new Premier.

5.         First time in 40 years of US economy, inflation hit a new high compelling the Federal Reserve to hike the rate of Interest. Consequently, the Wall Street faced the tremors in the stock markets. The reflections followed one by one. The European Central Bank hiked the interest rates for the first time in 11 years on inflation concerns, in turn euro dropped its value vis-à-vis US dollar, a 20 year low. Reports of insolvency of crypto exchange FTX induced volatility in markets; Bitcoin fell below $20,000.

6.         The shock experienced in the Globalized World our Nation was not an exception. The war unleashed by Russia, the Sensex fell 2702 points, Nifty plummeted 815 points and rupee slumped 113 paise in the intraday trading. The controller of the Banking System has revised the rates six times from May till yesterday commencing with 40 basis points culminating 225basis points. The rupee-dollar rate had breached Rs 82.00.

7.         Our Nation kickstarted the preventative exercise of vaccination program for children 15 to 18 years. The Hon’ble High Court of Karnataka ruled that wearing hijab is not part of practicing Islam. The steps initiated by educational institutions were in the right direction.

8.         Respected Madam Draupadi Murmu, a tribal leader was sworn in as the new President of India after the completion of his term of Shri Ramnath Govind.

9.         The Government of India stalled the export of Wheat in an effort to ensure ample domestic supplies amid fears of lower procurement. 5G spectrum auction concluded in our country and telecom companies committed to pay Rs1.5.lac crores to GOI. The G20 Presidency has been given to our Country and already couple of meetings are taken forward within a month.

10.       The country held the 44th Chess Olympiad at Mahabalipuram in Tamil Nadu. Our Country finished 4th position in Commonwealth Wealth Games securing 22 gold,16 silver and 23 bronze medals. The tennis star Novak Djokovic was not permitted to play the Australian Tennis due to his refusal to get vaccinated and deported from Australia. FIFA World Cup 2022 ended in Qatar and Argentina emerged the winner of FIFA Cup.

11.       This year the elections in Nigeria, Thailand, Turkey, Zimbhave, Argentina, Pakistan and Bangladesh are to take place. The international community is under serious threat of Poverty and insecurity of life. The Wuhan virus originated from CHINA, is taking the severe toll and the people are leaving the country. The uncertainty looms large on health count as it is assessed that 2 million people will be the causalities.

12.       2023 is assessed as a year of recession. Inflation, Energy prices, a new web world 3.0 driven by decentralization. Trustless, permission less metaverse dominating the new work places, Space travel to Moon for three days and new hybrid model for working are few of the expected developments.

TO Conclude:

When we have more
than we need
Let us build
a bigger table
and
not a Higher fence.

Yours Comradely,
/S.NAGARAJAN/
GENERAL SECRETARY

    --------------------------------------------------------------------------------------------------------------------------------------------------------------------
Circular No.1/VIII/2022

29th November, 2022

To

ALL UNITS / STATE COMMITTEES

Dear Comrades,

PROCEEDINGS OF THE 8TH NATIONAL CONFERENCE HELD AT CHANDIGARH

WELLBEGUN IS HALF DONE.

In terms of the notice dated 20th October’ 2022, officer comrades drawn from all over the country have assembled at Chandigarh, the beautiful city of India to participate in the 8th National Conference of our organization from 25th to 27th November’ 2022.

2. INAUGURAL SESSION

The inaugural session commenced with hoisting of our organizational flag jointly by Com. Alok Khare Vice Chairman and Com. A. N. Suresh, President at 4:45 PM in the presence of Com. Binoy Viswam, Hon’ble MP, Dr. Nazir Ahmad Ganai, Vice Chancellor of SKAUST University, Srinagar, Com. Amarjeet Kaur, General Secretary AITUC and Com. C.H. Venkatachalam, General Secretary, AIBEA along with the participants in the premises of Panjab University, Law Auditorium Chandigarh.

3. The conference hall was named after the selfless leaders Com. S.P. Bakshi Hall and Com. T.R. Verma Manch. The dignitaries had an impressive power point presentation of welcoming the guests by the Punjab & Haryana State Committee, the emotional speech delivered by Charlie Chaplin, whom we have seen as a comedian, and the path travelled by AIBOA founded by AIBEA by compulsion of circumstances after the emergency, conclusion of the 3rd Bipartite and implementation of the Pillai Committee recommendations in public sector banks w.e.f from 01st July’ 1979. 

4. Com. Charanjeev Joshi, the joint convener of the reception committee invited the dignitaries to occupy the dais. Com. S.K. Gautam, Chairman, Reception Committee, Joint Secretary, AIBEA, General Secretary, PBEF, Com. Alok Khare, Vice Chairman, AIBOA, Com. A.N. Suresh, President, AIBOA, the inaugurator of the conference Com. Binoy Viswam, Hon’ble MP, Chief Guest Dr. Nazir Ahmad Ganai, Vice Chancellor, SKAUST University, Com. Amarjeet Kaur, General Secretary, AITUC, Com. C.H. Venkatachalam, General Secretary, AIBEA and Com. S. Nagarajan, General Secretary, AIBOA.

5. The take-off of the conference was with the lighting of the lamp and paying floral tributes to the founding fathers of the AIBEA and AIBOA moment in the banking industry by the dignitaries. Com. S.K. Gautam, Chairman, Reception Committee presented a brilliant welcome address encompassing the dangers haunting the industry as well as the workforce. More specifically the thrust pertaining to the attempts to deny the status of representation to the TU’s and its elected representatives in various banks.

6. Inaugural Address:

Hon’ble MP Com. Binoy Viswam in his address ,clearly unfolded the new triangular arrangement of the new religion called viz individual greed escalated by the market forces to earn profit, more  The banks are dole  out  lot of concessions to the defaulters through the NCLT procedure nick named by the RBI as haircuts but really it is amounting to head cuts. Today, the corporate defaulters instead of paying in full sum the money borrowed from the banks. they are attempting to negotiate with the bankers across the table. The velvet method of treatment extended to the corporate defaulters are absolutely irregular and unjust. In the present-day Government, the census data collected by NSSO are absolutely silent and the democracy is redefined. Struggle for the truth and retention of public sector banks are becoming absolutely necessary. The crop insurance claims accounted as disbursed to the agriculturist was Rs 1,26,00,000 Crores. Actually, farmers were in receipt to the tune of 83,00,000 Crores. The difference of Rs 43,00,000 Crores, where it has disappeared is really a puzzle. While he concluded his address, appreciated the presentation of the GS report along with the documents with the treasure of information backed up with the data, he was overwhelmed by the presence of participants and a feel at home in the function was expressed. Thus, the 8th conference of our organization was declared inaugurated by him

7. The Chief guest of the conference Dr. Nazir Ahmad Ganai, Vice Chancellor, in his 45 minutes speech presented the role of the agriculture university, which is headed by him covered the innovation carried out by the students and the Teachers, the role of the Government in promoting the agricultural activities through periodical interaction,and the role of the banks in providing the financial assistance, the grey sides of the economy in the current period covering the covid 19 environment were explained. His own experience gained in his foreign visit to Israel about the cultivational process, recycling of the water, which were shared for updating of the information for the benefit of the participants. He was all praise for the seed money of Rs 3,00,000.00 provided to the Institute by AIBOA on 17th June’ 2022 through AIBOA (Jammu Kashmir & Ladakh State Committee) in the memory of Com. R.J.S. The corpus as now reached in multiples, nearly more than a crore. His own experience of the TEL AVIV University where  contribution were made by the Individuals led to the establishment of the University to benefit large number of students. He appealed to the participants that he is prepared to accept even Rs.1 to build his SKAUST University..

In response to his appeal, a cheque for Rs 9 Lacs was handed over to him to be utilized for another 3 years period to benefit 2 students of their tuition fee, for completion of the course in the University, by the dignitaries along with our members of the joint presidium.

8. Greeting by General Secretary, AITUC:

Com. Amarjeet Kaur in her hourlong powerful presentation narrated the plight of the marginalised section of the society and also attacks on the working people in different sectors. She reported that the pre-budget talks scheduled to take place on 28th Nov,2022 with 14 CTUS for 75 minutes preceded with Hon’ble F.M’s address. She traced the history of AITUC and its relation is intertwined with the trade unions in Banks with AIBEA and AIBOA. The demand of Nationalisation of Banks raised solely by AIBEA was specifically backed by AITUC. Her message was received with rapt attention slightly deviated due to honoring of Chief guest of the function because of his prefixed appointment with IT officials stationed at Chandigarh. The delegates and observers  were mesmerized by her focused and emotional presentation.

9. Address of guest of honor:

Com. C.H. Venkatachalam, General Secretary, AIBEA, in his one of the shortest address covered the entire spectrum of the challenges that were starring at us and the need of responding to the challenges should be by coordinated approach by AIBEA and AIBOA. The Government is conscious of promoting corporate culture coupled with accumulated greed to acquire more wealth and all out attempts to weaken the democratic values of the country.

10. Conclusion of the Proceedings: DAY-1.

The inaugural session came to an end by honoring the dignitaries including Com. S.K. Gautam, Chairman, Com. Naresh Gaur, Vice Chairman, and Com. Rajesh Bansal, Vice Chairman, Reception Committee, Office bearers of AIBEA Com. J.P. Sharma, Com. K.S. Krishna, and Com. Anirudh Kumar were presented with a memorable memento depicting the picture of Martyrs of 4th May’ 1886 demanding for 8 hours work at Chicago.

11. Delegate Session (Day 2) Constitution Day:

 Com. Guna Sekaran and Com. Narendra Kotiawala Manch:

Though it was decided to commence the delegate session by 9:30 am, but due to various situations, which are beyond the control of Credential Committee constituted as per the office bearers meeting decision, commenced at 10: 45 am presided over by Com. Alok Khare, Vice Chairman and Com. A.N. Suresh, President. The session was inaugurated by Dr. Ashok Chauhan, Professor and Chairperson Department of Economics, Kurukshetra University, Kurukshetra. It was a Constitution Day and the preamble of the Constitution was read out for the benefits of the participants by the undersigned.

Dr. Ashok Chauhan, in his 75 minutes address presented treating all the delegates and observers as the student of his university enticed them with the power point presentation covering each micro economic details of the deepening crisis in our country. On conclusion of his presentation, he was requested to pay the floral tributes to the father of the Constitution along with other dignitaries. He was honored with a memento  of the 8th National Conference.

12. Honoring of the past leaders:

Our organization was built by comrades who rendered selfless service during the past 41 years. The Secretariat met at July 14th at Hyderabad unanimously decided to invite them as a participants in our  National Conference with a decision to recognize the services rendered by them. Implementing the decision, Com. L. Ragothama Rao (AP), Com. K. Bhaskaran (TN), Com. K. Sathianathan (Kerala), Com. A.B. Shetty, Com. R. Venkatesh Babu, Com. P.G.R Bannithiya (Karnataka), Com. M.S. Jai Shankar (MP), Com. Ram Mohan Tandon (UP) Com. Ashim Dutta and Com. S.N Dutta (WB), Com. I G Gupta (SBP) and Com. S. P. Sengar (UP) were felicitated by the office bearers of our organization.

Com. S. Murugesan, Secretary of our office, was also honoured for his service rendered to AIBOA for more than 25 years.

 Com. V. Ananthanarayanan and Com. K. Parasuraman, who continued to extend for nearly more than a decade to handle men and matters at par with particular reference to Discipline and Regulations/OSR and technical support in maintaining our website were also felicitated respectively. The house, then, stood adjourned for tea break.

13. Honoring the families:

As decided by the central committee held at Lucknow on 8th and 9th October’ 2022, Our organisation presented a cheque for Rs 1 Lac to the members of the family of late Com. S.P. Bakshi, who was an undisputed leader of the AIOBEF and AIOBOA and who helped to conduct the first conference of AIBOA at Mumbai in 1986 with a contribution from the OBC units. This small gesture is nothing but responding with thanks to the noble soul for him trade union was way of life in his lifetime.

Ms. Kanchan Seth daughter of late Com. T. R. Verma, Secretary, AIBOA, who breathed his last on 10th February’ 2018 was honored on behalf of AIBOA. In response to our felicitation Ms. Kanchan Seth, appealed to the participants with the message received from her mother from USA and also to take care of the family, while doing the trade union job.

The repeated disturbances stonewalled the proceedings of the house, which was an avoidable one.

14. Presentation of the General Secretary Report / Treasurer Report:

The General Secretary, while seeking the condonation for the delay in holding the Conference submitted the report to the house on the activities in a quick succession covering the entire spectrum of activities in his 45 minutes presentation.  The report was exhaustive in content, hence, shorter duration in the presentation was a preferred one.

Com. R. Jawaher, Treasurer, AIBOA presented the audited accounts of the organization for the year ended 2016, 2017, 2018, 2019, 2020 and 2021. One of the delegates, raised the in huge difference in the closing and opening balance of accounts of the 2020 and 2021. It was clarified that the accounts for the year 2021 were bi-fricated, one meant for Two Roses magazine and another meant for Tarak Institute at Mahabalipuram. The accounts were adopted by the house unanimously.  On the GS report, three delegates spoke before the lunch break.

After resumption in the post lunch delegate session, spreading from 3:15 pm up to 6:10 pm 18 comrades expressed their views.

The house stood adjourned for de-stressing the pressure of participation.The reception committee arranged a cultural program of young artist which was totally disrupted including destroying the decoration of the dais by some of the participants, which had a cascading effects on the colossal wastage of food prepared for the benefit of participants.

15. Day 3:

  1. Though the house was to commence its proceedings at 9:30 am, disruption continued to dominate the delegate session. Restoring the peace to facilitate the transaction of business listed in the agenda delayed the commencement. Once again delegates were deprived of 105 minutes of delay, compelling the presidium to restrict the presentation of the viewpoints of the delegates. Still, 12 delegates were provided with an opportunity to present their viewpoints. The undersigned responded to the participants drawn from 14 states on their following queries:

  1. ·         IDBI-Clarification provided by the RBI and total opposition to the moves of privatization of IDBI.

  2. ·         Security provision for the staff working in the J&K State, recruitment of workforce locally.

  3. ·         Immediate implementation of 5-day banking.

  4. ·         Uniform transfer policy for officers.

  5. ·         Withdrawal of the activities related to the sale of 3rd party products

  6. ·         Incentives for the work force in North Eastern Region.

  7. ·         Investment of UTI-AMC in DHFL scam.

  8. ·         Non-Extension of the other allowances to the work force in RRB s and denial of PLI to RRB’s. besides present attempts of dilution of equity in RRB’s.

  9. ·         Recruitment of staff in all banks in all cadres.

  10. ·         Construction of new basic pay with merger of special allowances in the ensuing 9th Joint Note exercise.

  11. ·         Restoration of Old Pension Scheme to New Pension Subscribers.

  12. ·         Formation of women cell at All India level.

  13. ·         Appropriate amendments in the constitution of the organization, facilitating the representation of the All India Federations of the bank wise units.

  14. ·         Delayed issuance of the circular in support of the agitation given by AIBEA.

  15. ·         Harassment of officer through whats’ app messages affecting work life balance.

  16. ·         Regulated working hours for officers and sneaking transactions of crypto currency in the market promoting unauthorized transactions.

  17. ·         Non-participation of the work force in the strike calls given by the unions.

The participants received the response with rapt attention leading to the unanimous adoption of the report thereby facilitating the lunch break at 14:00 hours

16. Concluding Session

At 2:45 PM, the adjourned delegate session resumed. One of the leading past office bearer Com. Anil Kumar (AP& Telengana) convenor of Bye-law Committee was honored followed by the team of support staff working in the HQs. Com. T. Balakrishnan, Dr. Ravi Shankar, Com. P Selvaraj, Com. Dhanasekaran and Com. C. Narasingam, by the office bearers of our organization.

Emotional recognition by team AIBOA to the members of the reception committee:

The team leader of the reception committee, Joint Secretary, AIBOA Com. Vinod Kumar Sharma, Com. Charanjeev Joshi, Com. Gurmeet Singh, Com. Parveen Goel, Com. S.K. Kataria, Com. G.S. Oberoi, Com. Samir Mantrao, Com. Satinder Singh Satti, Com. Paras Sethi, Com. Rajneesh Sharma, Com. Gurmail Singh, Com. Sanjeev Bhalla, Com. Parduman and Com. Saurav were felicitated by office bearers of AIBOA for the tremendous work executed by them with patience and precision.

The reception committee was extended help voluntarily by the women delegates from Kerala and Haryana State Committees. Com. Jaya Kala, Com. Asha and Com. Vibhuti were also recognized for the services rendered during the three day transactions of the conference. 

17. Appointment of the Auditor:

M/s. M.A. Suryanarayanan & Co. was appointed as our Auditor for the ensuing term with a yearly Audit fee of Rs 50,000/- was placed before the house by the undersigned and seconded by Com. V. Ramabadran, Secretary, AIBOA. The house adopted the same unanimously.

18. Financial Sanctions to ABOU Hyderabad and AIBOA West Bengal State Committee:

ABOU Hyderabad and AIBOA are having joint immovable property, in which staying arrangements for the transit comrades, coming to Hyderabad is provided. On their request an amount of Rs 5 Lacs was granted as a loan for completing refurbishment of the space purchased by the organizations. Suddenly some structural repairs have crept in, incurring an additional expenditure of Rs 1 Lac.

AIBOA West Bengal State Committee availed a loan of Rs 3 Lacs in the month of February 2018 for the  payment of Municipal Taxes and other charges to the Kolkata Municipal Corporation. It was to be repaid Rs 75,000/- in 4 quarterly installments.

The financial assistance of Rs 5 Lacs given to the ABOU Hyderabad was converted as donation and for the structural repairs Rs 1 Lac was also approved by the house. The resolution adopted by the AIBOA West Bengal State Committee in their 10th Conference at Kolkata, on 13th November’ 2022 for converting the loan of Rs 3 Lacs as a donation was placed which was also approved unanimously.

19. Amendment to the constitution/reallocation of the positions in the team of office bearers:

The AIBOA office bearers team consists of 35 members. Chairman (1), Vice Chairman (1), President (1), Vice President (4), General Secretary (1), Deputy General Secretary (2), Secretary (6) Treasurer (1) and Joint Secretary (18). Without changing the total  number of office bearers, the present number of DGS posts has been increased from 2 to 5 and Secretaries from 6 to 10 by reducing Joint Secretaries position from 18 to 11. The proposal submitted by the undersigned was approved unanimously.

 20Adoption of Resolutions

1.The following resolutions were adopted unanimously.
2. Anti-people Economic Policies of Government;
3. Against the Government’s anti - worker labour policies
4. Against the Banking Sector reforms and Privatisation of Banks
5. Opposing the Sale of IDBI to private players.
6. On Recovery of NPAS and action on corporate defaulters,
7. On Up-dation of Pension on the lines of RBI.
8. Recovery of NPAs and penal action on corporate defaulters.
9. Restoration of Old Pension scheme to the New Pension Subscribers.

21. Listed Agenda completed except of Election of New team of Office Bearers:

One of the units submitted a representation for conducting the election through secret ballot and the time at our disposal was too short to complete all required formalities compelling the Presidium to conclude the conference except the transacting the stand-alone issue of election of New Team of office bearers, to a future date , thus the session came to an end at 3.45PM

Hence, Well begun is half done.

With continued efforts to enhance the image of our Organisation, in the hearts of the members,

Yours Comradely, 

/S.NAGARAJAN/

GENERAL SECRETARY

MESSAGE OF THE 8th CONFERENCE