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CIRCULAR TO ALL UNITS                                                                                        2-11-2022

Dear Comrades,

Joint Co-ordination Committee meeting
Of AIBEA an d AIBOA held today at Hyderabad
Resolve to move together to face the challenges unitedly

A meeting of the Co-ordination Committee of AIBEA and AIBOA was held today at Hyderabad.  Com. Rajen Nagar, President, AIBEA and Com. A.N.Suresh, President, AIBOA jointly presided over the meeting.

The meeting reviewed the socio, economic, and political scenario obtaining in our country and underscored the emerging attacks and challenges before the trade union movement.  The meeting took note of the policies of the present Government aimed at dismantling public sector undertakings, liberalise labour laws in favour of the employers, special attacks on banking sector like privatisation of Banks, concessions to corporate defaulters in the name of huge haircuts, etc.  

The meeting also took note of the increasing attacks by the managements in various banks to scuttle collective bargaining and bilateralism, naked violation of bipartite settlement, deliberate disobeyance of Sec. 33 ofIndustrial Disputes Act, victimization of union activists, etc.

In this background the meeting came to the inescapable conclusion that AIBEA and AIBOA at all levels should move together besides playing our due role under United Forum of Bank Unions.

In order to further strengthen the twin banners and our co-ordinate movement, the meeting took the following decisions for effective implementation.

      a. Frequent joint meetings of AIBEA and AIBOA at apex level and bank-level.

 b. Common and co-ordinated approach on all important issues through mutual discussions.

 c. Further efforts to strengthen AIBOA unions in all Banks.

 d. Joint communications on all common issues.

 e. In all meetings of AIBEA and AIBOA from apex to local, participation  of representatives
      from both unions

Yours comradely,     
                                              C.H. VENKATACHALAM                              
                      S. NAGARAJAN  
                                               GENERAL SECRETARY                                                  GENERAL SECRETARY
                                                                AIBEA                                                                                        AIBOA

Circular No.18/VII/2022

October 31, 2022











Trade unions are instruments of social Change the saying goes. In Banking Industry, the first Trade union founded in pre independent India-AIBEA, played its due role in nation building activities by achieving the nationalisation of private sector banks in two doses in 1969 and in 1980. The said decision, though opposed by the peoples’ representative in the floor of Parliament, the banks and its workforce earned the goodwill from the customers for the excellent service rendered to them in testing and trying times. The classic case of the Banking workforce earned the recognition was due to the service rendered at the time of Global Pandemic COVID -19 across the country as well as the financial inclusion exercise a success story. The workforce was baptised at the altar of the trade union. The role of the trade union in building the individual banks cannot be undermined by the present day bank managements.


2.         As on date, the bank managements are turning to deny the time-tested settled practices /norms and in one stroke they resorted to nullify the agreements entered into during the last two decades. Attacks in all forms have been let loose by the managements of the banks and attempting to convey that the “King can do no wrong”.


3.         To win over the hard-won rights, AIBEA, in its Indore Central Committee, it was decided to launch programs of actions commencing from 25th October 2022 culminating by observing the strike on 19th November 2022.


4.         The attacks on our affiliates in Bank of Maharashtra and Central Bank of India are severe as that of the one experienced in other banks. United struggles are being launched by both affiliates. We stand totally with the struggling workforce in our Industry. Hence, we advise our affiliates and state committees to participate in the action programs, where-ever possible, and certainly in the demonstrations to be held on 18th November 2022 in all centers, in close co-ordination with the State Federations.


5.         While the workmen will be on strike on 19th November 2022, our members should desist from handling the clerical jobs in the branches, as a solidarity action. The attacks let loose by the managements, are backed by the owners of the Banking System. Hence, we stand with the workforce for restoring back the respect and dignity to the organization in full measure.


Yours comradely,



Circular No.17/VII/2022

camp: MUMBAI
October 21, 2022 



Dear Comrades,


It was the normal practice to submit the Charter of Demands six month earlier to the expiry of the current contents of the 8th Joint Note and the discussions on the COD will have to commence three months prior to expiry of the current settlement. 

2.         Last time, the four officers’ organisations submitted the COD in June 2017 and concluded the understandings as 8th Joint Note on 11.11.2020. In addition to the above, a supplementary minutes of understanding inked on 4th Jan, 2021. Out of the focused items listed last time, to secure the future of the officer employees, uniform Accountability Policy was introduced in all banks with effect from 1.04.2021, enhancement of family pension by removing the cap and extension of boarding and lodging facilities to Defense Assistance in the departmental enquiry. The issue of 5 day week was partially achieved from 1st September 2015, as a part of the 7th Joint Note, though there was no forward movement till couple of weeks back. Hope, the light will be seen at the end of tunnel in realizing the much debated issue for a long time.

3.         Today, the joint COD for officers and also of workmen have been submitted to the IBA team. Our Organisation was represented by Com. A.N. Suresh, President and the undersigned in the meeting held at IBA office at 1.15 p.m.  Team IBA was represented by Shri. Sunil Mehta CEO IBA,  Shri. Gopal Murli Bhagat, Dy CEO and Shri Brajeshwar Sharma, Senior Advisor (HR & IR).

4.         The meeting was held in cordial atmosphere and exchanges made from both sides were specific reiterating certain pending issues resting IBA. The non-payment of arrears to CSB,  erstwhile LVB, 5 day week time adjustment, clarification related to Stagnation increment, Extension LFC and Up-dation of Pension. Shri. Sunil Mehta, CEO IBA in response to the submissions made appreciated the view points expressed and the talks will be initiated after getting the mandates from the member banks and also from the owner of the Banking System of our nation.

Every reasonable steps will be taken to realise the demands presented to the IBA collectively.

We wish the members of banking fraternity a

happy and healthy Diwali.

Yours Comradely,



Circular No.16/VII/2022
October 10, 2022





The Central Committee of our organization was held at Syona Residency at Lucknow on 8th and 9th  October 2022, as decided in the Secretariat meeting held at our office at Hyderabad on 14th July 2022.

2.  The meeting was conducted by the joint Presidium of Com. Alok Khare Vice Chairman and Com. A.N. Suresh President of our organization. The proceedingscommenced at 10.30 hrs.

3 HOMAGE:  Com.Alok Khare, Vice Chairman, called upon the house to observe two minutes silence in the memory of Com. S.P. Bakshi, first officer-Director representing AIBOA in erstwhile OBC, Com. W.V. Potdar, former President of All India PNB officers Federation, recent deaths in the natural calamities and also victims of the war in Ukraine. The house approved the financial relief of Rs 1 lac to the family members of Late Com S P Bakshi for his extra-ordinary contribution to AIBOA in the initial stage of expanding the wings of AIBOA.

4.  LEAVE OF ABSENCE: Com Dr Kumar Aravind, Com S A Sridhar, Com Vinod Bakshi, Vice Presidents of AIBOA, Com Rajiv Tamhane, Com P N Ganguly, Joint Secretaries of AIBOA, Com V Viswanathan, Com Ratneshwar Chaudhary, Com Praveen Goel and Com Ashok Bansal, Central Committee members were absent due to very many engagements in personal/public.

5. CONFIRMATION OF THE MINUTES OF THE MEETINGS:    The proceedings of the following meetings were placed before the house by Com. V. Ramabhadran, Secretary AIBOA.

a. 6th Central Committee held at Mamallapuram on 27th and 28 August,2022,

b. Extended CC meeting held at Ernakulam on 5th and 6th March 2022,
c. Office -bearers’ Meeting held at Srinagar on 6 th and 7th June 2022 and

d. Decisions arrived at the Secretariat meeting on 14th July 202

The same were adopted unanimously.


The draft report was presented in a brief manner for the benefit of the participants, with a specific mention that there are important additions to be incorporated viz: Pension Updation, Insurance backed hospitalization scheme and LIC- D.A formula anomaly.  The CC members further added that more emphasis should be incorporated in the report on organizational functioning, Change in the service regulations and disciplinary

proceedings, and problems faced by the officers in our Industry due to  marketing of third party products.

It was decided by the house unanimously that State Committees and affiliated units should forward the addition within in a weeks’ time for required incorporation in the final report to be placed before the 8th National Conference.


The audited accounts for the year ended 31st  December 2021 was placed before thehouse by Com.R.Jawaher, Treasurer, with a small correction in the nomenclature of th heading as levy instead of  donation. The audited accounts were adopted unanimously by the house.


 After the lunch break, the house resumed at 3.15 p.m.Com. Anil Kumar, Convenor of the bye law committee, presented the proposed amendments in the bye law of theorganization. After due deliberations in the house, it  was decided to present the views of the members of the secretariat on the subsequent day.


Com. Alok Khare Vice Chairman and Com. A.N.Suresh President of our organization unveiled the logo of the Conference approved by the Secretariat members on 14th July 2022 and handed over the same to Team AIBOA Punjab State Committee Com. Vinod Sharma, Com. Gurmeet Singh, Com. Charanjeev Joshi and Com. G.S.Oberoi, Chairman AIBOA-HSC as well as to Com. Rajesh Tiwari Chairman and Com. V.K. Mathur President AIBOA- UP State committee.

The proceedings of the house stood adjourned at


There was a brief discussion by the Secretariat members on bye law amendments prior to the commencement of the session on bye laws, organizational issue, and clearance of subscriptions and wage revision levy to State Committees and AIBOA by the affiliated units.

It was presented before the house the decision of the Secretariat on amendments bye laws.

a. The representation to the conference will be through State Committees.

b. The subscription payable by the affiliates will be Rs 160.00 to AIBOA which will be shared in              

     equal proportion between the  State Committees  and Central office of the AIBOA.

c. One delegate for every 20 members with a maximum of 75  delegates  from the State     

     Committees to the National Conference.
d. The number of office bearers of AIBOA suggested needs to be discussed further

The above amendments are subject to the approval of the ensuing National Conference.

Com.Gaurav Goyal,
member of wage revision committee presented the responsesreceived from the  members in a lucid style for the benefit of the cc members. Though the sample survey covers a small segment, but the views of the CC members were perfectly matching with findings of the COD survey.

The house appreciated the efforts put in by Com. Gaurav Goyal and Com. Avinash Anand in drawing the plan and final submission to the CC.

The decision was informed that the units which had not collected the levy through  Checkoff system should remit Rs 1000.00 to be shared between AIBOA and State Committees equally and also the subscriptions up to 2021 should be cleared within a weeks’ time without any exception.

Wherever the amount have been collected based on our mandate by the affiliates the portion of 50% should be remitted to Central office with the list of members of the state committees for onward transmission of the remittance.

Com. Vinod Sharma, Joint Secretary, AIBOA, who had accepted the responsibility to host the conference at Chandigarh presented the arrangements made by the team members of AIBOA, PSC and Haryana State Committee for the benefit of the participants. The newly elected principal Office Bearers of AIBOA Punjab State Committee welcomed the participants for the conference.

Com V Ramabhadran, Secretary AIBOA, presented the preliminary arrangements already made after a visit to Chandigarh on July 01 to 04th and the modalities of the delegate fee and accommodation charges were informed viz., Rs 2000 per delegate & observer, and Rs 1300 per member per day for hotel accommodation for the period of stay to beremitted to the host committee with details of participants at the earliest possible. The

representatives of the state committees provided the number of delegates to the host committee. The details for the remittance to be made to the state committee was also handed over to the participants. The committee unanimously approved an advance payment of Rs 18 lacs to the reception committee for taking forward the arrangements in full stream.

The participants shared their concern on men and matters of the individual units as well as the approach of an affiliate in the matter of conducting their state committee conferences at UP, Haryana and Punjab. They have also concurred that approaching the outside authorities in the matter of internal expressions of dissatisfaction was not in the organizational discipline. The efforts of the UCO unit was explained in detail by Com Deep Prakash Rawat for the benefit of the participants. 

The required clarifications were also given by the General Secretary. Thus the issues listed in the agenda were completed at 14.30 hrs.

The past office-bearers of our organization will be felicitated in our conference and the expenses will be borne by the Central Office.

Team AIBOA UP State Committee deserves deep appreciation

During the organizational life of nearly four decades plus, it was the first time that UP State Committee facilitated in holding this Central Committee, participated by 15 State Committees and 12 affiliated units. It was highly impressive with regard to the ambience provided and also arrangements made to present the COD survey with minimum time lag. They have presented a memento to all the participants. The CC recorded its appreciation.

                                               ONWARD MARCH   TO   8th NATIONAL CONFERENCE AT CHANDIGARH

Yours comradely






                                                                                  24th Sept 2022

Dear Comrades,


As a sequel to the follow up after the 1st July 2022 meeting with IBA, one more round of discussion on residual issues was held with IBA at Mumbai on 23rd Sept, 2022 between 03.30 p .m and 05.00 p.m.

2. IBA team was led by Shri. M. V. Rao. Chairman HR Committee of IBA and MD&CEO Central Bank of India, Shri. Shanti Lal Jain, MD&CEO Indian Bank, Shri. Debashish Mukerjee, Executive Director, Canara Bank, Shri Lal Singh, CGM(HR), Union Bank of India, Shri  S.K. Rana, GM(HRP), Punjab National Bank, Shri Manish Kumar, GM(HR) UCO Bank, Shri. Gopal Murli Bhagat, Dy. C.E.O, IBA, Shri. Brajeshwar Sharma, Senior Advisor HR&IR, IBA and officers of HR Department of IBA.

Five representatives of the officers’ organisations participated in the meeting.

3. In addition to the issues listed in the Supplementary Minutes of Understanding inked on 4th January 2021, some issues were included during the discussions held on 13th April, 2022., The discussions were focused on the following issues:

·      5 Day Work Week: On 1st July’22 during the meeting with IBA we had made it abundantly clear that 5 day work week has to be introduced without further delay. The introduction of 5 day work week was the need of the hour as it was an investment in future as we have to nurture and protect the most important assets of the bank-the human assets, who are the future of banks. Our members are toiling hard at branches and offices 10-12 hours a day and working under extreme duress and constraints. We wanted a healthy and focused regiment of officers who are driving the growth and development of the institutions. IBA had, on that day, indicated that the modalities need to be worked out to compensate the working hours of the remaining Saturdays to benefit the customers and also to put up to the appropriate authority for consideration.

We today again reiterated that we were open to any incremental change in business hours  in order to clinch the much awaited 5 day work week as our officers’ fraternity is accustomed to put in extended hours of work every day to fulfil the goals and objectives of the banks. We were given to understand by IBA that the workmen unions are now expected to convey their consent to the proposal of extending business hours. We, however, have demanded that the cash transaction hours need to be reduced considering in the increased dependence on ADCs and also to provide ample time for compliance related work. The discussion ended on a positive note. We are confident that the long standing demand of the officers’ fraternity of a 5 day work week would fructify in the near future.

·         DOUBLE JEOPARDY: While we insisted for a reiteration of the earlier communication issued by IBA, in the matter of granting the Stagnation Increment, PQP etc. to an officer, who had not participated in the promotional exercise, IBA has suggested that the Individual Banks may refer the cases facilitating the IBA to provide the guidance.

·         PENSION UPDATION: IBA expressed that they are open to examine the payment of Ex-gratia to pre 1986 retirees, as the same is outside the purview of Pension Regulations 1995. IBA indicated that there is a need for harmonisation of DA prior to 2002 and couple of options need to be examined on the basis of data to be collected/ provided by the Banks. However, we have reiterated that the evaluation of cost for updation should be carried out as that of the one done in 2010 to assess the position of the funds as our goal was updation of pension. Simultaneously, we demanded that all banks should have the health of the pension funds examined and make provisions, wherever necessary to ensure that the funds were sustainable in the long run.  

·     STAGANATION INCREMENT DUE TO REPHASING THE PERIODICITY: We emphatically insisted that on account of reduction of the periodicity of Stagnation Increments from 3 to 2 years, if the same falls in between 01.11.2017 and 31.10.2020 (before rephasing), the arrears to be paid from that date on which it falls due and not from 01.11.2020. IBA should issue an advisory to member banks immediately with illustrations as allocation was made available in the Wage pact.

·       MEDICAL AID FOR THE YEAR 2017: While IBA was reiterating their position based on the circular issued in 2015 that the Medical Aid was on pro-rata basis, we clearly presented that the amount allocated was Rs 64 crore in our allocation and difference should be paid in full. IBA assured to revisit the same afresh.

·         LFC: IBA opined, that as the issue has been raised subsequent to the 8th Joint Note and it was not part of COD, it would not be considered. We made it abundantly clear that the note on LFC, with specific reference to monetization, enhancement of class of travel as well as the spouse (if working in the same bank) is eligible to avail separate LFC are pending with IBA as they assured in the  past to discuss the same. It was also made clear to IBA that common items like leave agreed with workmen unions would be automatically extended to us also. To begin with, female officers should be allowed to have a separate LFC and in this regard an advisory from IBA is a must as many female officers had missed the benefit of LFC because of the absence of the instructions from IBA. We also made it clear that the inordinate delay on the part of IBA to issue the advisory that both spouses (officers) were eligible to avail separate LFCs was just unacceptable. IBA then stated that the matter would be revisited.

·       Profit Linked Incentives: We have insisted if an officer retires/joins/separates during the financial year, he/ she should be paid PLI in full. IBA has indicated that they will revisit and Banks will be advised accordingly.

·         MANDATORY LEAVE POLICY : We pointed out that Canara Bank was the first bank to implement the advisory of IBA to treat the 10 days mandatory leave as a special leave outside the quota of leave of an officer. We have demanded that IBA should ensure that the same is implemented in all other banks.  IBA expressed that the individual bank’s board has to take call on the RBI instructions. However, they also expressed hope that the same would be soon implemented.

·   REIMBURSEMENT OF EXPENSES ON ROAD TRAVEL : IBA has informed that the matter is under active consideration including the transportation of goods by lorry/carriers while delinking from wagon load concept. The increase is expected to be significant.

·         TAX ON NPS DEDUCTED OVER AND ABOVE 10% : On our presentation of the view point that the Central Government and State Government employees are provided with exemption for the additional 4%, IBA has agreed to refer the matter to the Government seeking waiver.

·         GRID HOLIDAYS: IBA has informed that the present arrangement of compensation is extended by the Bank is working well. From our side we insisted that the statement should not be generalized as many officers desire a compensatory off and the difference in number of days of leave between the normal officers working in the branch and GRID should be credited to the officers leave account in addition to the P/L.

·         Conveyance Allowance to PC EMPLOYEES: As the Central Government is recently revised the transport allowance, IBA has indicated to examine the same.

There were some other issues, which could not be discussed due to paucity of time. We shall pursue it further. In our evaluation, the talks are in the positive direction and we do expect that certain key issues would be resolved shortly.
                                                                                                          With greetings,

(Soumya Datta)                            (S Nagarajan)                      (Prem Makker)                      (Adarsh K N)
General Secretary                        General Secretary               General Secretary                     General Secretary AIBOC                                      AIBOA                            INBOC                                NOBO

Circular No.15/VII/2022

July 21, 2022





Com. W.V. Potdar, former Secretary of our organization, President of AIBOA(Maharashtra State Committee) and founder President of All India Punjab National Bank Officers’ Federation breathed his last today evening at Mumbai. He was suffering from a critical illness and undergoing the treatment regularly in a renowned hospital in western suburb.

Com. W.V. Potdar, was born in March 1937, aged 85 years at the time his death, contributed for the development of the trade union movement in our Industry. He was one of the leading Comrade, who worked with late Com. D.P. Chadha, the then President of AIBEA in building the employees’ federation in Punjab National Bank. He was one of the members in the Committee constituted for the purpose introduction of “Night Clearing” during the third bipartite Settlement in the Industry on behalf of AIBEA.

Com. W.V .Potdar, was the one, who worked along with Com. P.K. Menon, the founder General Secretary of our organization in handling the men and matters at the Headquarters of AIBOA from Mumbai. He was good at public relations, relentless worker and best officer of the Bank. While handling the issues within the Bank, he was really a hard task master with human face. Equally, after office hours, he was a real trade union leader to win the rights for workforce irrespective of the cadre. Thus he was a shining example as a true comrade of our organization.

The icy hands of death snatched a fine comrade of the movement.

Com.W.V. Potdar has left behind his wife, a son and a daughter. Our organization shares and stands with the family to share the grief in full measure.


Yours in grief,



Circular No.14/VII/2022

July 15, 2022











In the back ground of the VIII NATIONAL CONFERENCE OF OUR ORGANISATION TO BE HELD AT CHANDIGARH from NOV 25 to 27, 2022, the need was felt to hold the Secretariat meeting to decide the broader frame work of the arrangements for the successful conduct of the conference. The meeting was held at our office at Taramandal Complex, Hyderabad.


2.         The meeting commenced its proceedings at 11.00 am and was held under the Presidentship of Com A N Suresh. Com. Alok Khare, Vice Chairman was granted leave of absence on account of his foreign visit. The house observed two minutes silence in the memory of late Com S P Bakshi, former Vice President of our organisation and first Officer Director in the then Oriental Bank of Commerce, who helped to conduct the first national conference at Mumbai in 1986.


3.         The agenda listed in the notice was taken for discussion.


1             1. Reporting of the preparatory arrangements at Chandigarh:


Com V Ramabhadran and the under signed were at Chandigarh from 1st to 4th July, 2022. The host state committee headed by Com Vinod Sharma, Com Gurmeet Singh, Com Chiranjeevi Joshi, Com G S Oberoi and Com Praveen Goel were present in finalising the initial arrangements. Com V. Ramabhadran, Secretary presented the entire frame work of holding of the conference and the overall expenditure expected to be incurred  to the  Secretariat members.


As the bye law of the organisation permits participation of the  delegates alone from the state committees andbased on approximate number of participants, the budget was worked out at Chandigarh. However, it was suggested that 20% of the permissible delegates should be allowed as observers in the ensuing conference. As the delegate fee and the provision of subsidy for hosting the conference were already cleared by the Office Bearers’ meeting held at Srinagar, the hotel charges @ Rs 1300 per member per day (subject to change) for three dayswill have to be remitted by the state committees to the reception committee of the 8thconference. The details of mode of remittance will be communicated to the units in due course. The Secretariat members have approved the initial remittance of Rs 3 lacs to the AIBOA Punjab State Committee.




On conclusion of wage revision on the 11th of Nov 2020, it was clearly advised by the secretariat to collect levy @ 2% of net of taxes which should be shared @ 25% each among the base, their All India, AIBOA State Committee and AIBOA central office. It was further advised that the portion belonging to AIBOA State Committee should be remitted to Central Office of the AIBOA for onward remittances to the respective state committees based on the list provided by the affiliates. Couple of units had implemented the directions. Some of them have partially responded and rest of them failed to stand up and adhere to the financial discipline. It was decided to advise the units that those who have not remitted the levy so far should  remit at an average rate of Rs 1000 per member from their general funds and 50% of the said amount will be sent to the respective state committees as  per .the list submitted by them. This exercise is to be completed within a week’s time. State Committees should ensure that allocation of delegates should be given only to the affiliates who have paid the wage revision levy.


The subscription upto 2022 should be cleared immediately and not later than 30th Sep 2022.




The Secretariat had a detailed analysis of the overdue conferences of State Committees. It was decided to inform 21 state committees to conduct their conferences and to complete it well ahead of the national conference.




It was decided to holdthe penultimate Central Committee at Lucknow on 8th& 9th of Oct, 2022. AIBOA UP state committee should take all steps to host the same for smooth conduct of the committee.


5                  5.GENERAL MATTERS:


The Secretariat was briefed about the remittance of Rs 1 lac to the AIBOA Assam state committee for providing relief measures to the victims affected by the recent floods.


It was decided to felicitate the past office bearers and special invitees who had contributed in the last four decades in building our organisation in the respective states as well as at the All India level. The state committees will be advised to provide the past All India office bearers’ communication details for making necessary arrangements through them.


As there are certain repairs and renovations to be carried out at our institute at Mahabalipuram, the Secretariat gave the approval for transfer of funds of Rs.25 lacs to institute account to carry out the same. The implementation of the workto be entrusted to a Committee.


On the proposed bye law amendments suggested by the bye law committee, Com Anil Kumar, Convenor of bye law committee reiterated that the collection of subscriptions should be made by the Central Office @ Rs 180 per member per year and remitted to the respective state committees Rs 100 per member per year, as the state committee is the main fulcrum to implement the decisions arrived at the central office.


The logo to be unveiled for 8th National Conference was also finalised with unanimous consent of the members present in the meeting.


It was also articulated in the meeting to host a session for youth and women to take appropriate decisions in resolving the problems confronted by them in the respective banks.


The meeting concluded at 14.30.hours with a vote of thanks to the AIBOA AP & T S committee for a fine arrangement and for the smooth conduct of the meeting.


Yours comradely




Circular No.13/VII/2022

July 5, 2022












Public Sector Bank workforce (except -Global Bank-SBI) is governed by the Bank Employees’ Pension Regulation 1995.


2.       The above exercise was preceded by an agreement signed on 29th October 1993 under the Industrial Disputes act 1947/1957 by the first trade union of banking workforce (AIBEA) founded in pre independent India. Equally, our organization also signed the minutes of understanding on the same day at Mumbai. The contents of the Settlement were in the lines of RBI.


3.         As per Clause 6 of the Settlement signed on 29.10.1993, reads as under:


Dearness relief to Pensioners will be granted at such rates as may be determined from time to time in line with the dearness allowance formula in operation in Reserve Bank of India”


4        Further Clause 12 of the said settlement states that:


“Provisions will be made by a scheme, to be negotiated and settled between the parties to this settlement by 31st December 1993 for applicability, qualifying service, amounts of pension, payment of Pension, commutation of Pension family pension, updating and other general conditions etc. on the lines as are in force in Reserve Bank of India.


5.         The said settlement is further elaborated by a Supplementary settlement dated 24.03.1994 between IBA and the negotiating unions and these provisions agreed to were reiterated equating the provisions with the scheme in operation in RBI and was agreed to be bedrock of the settlement.


6.         During the interim period two important developments took place. The first one was introduction of Special Voluntary Retirement Scheme introduced in 2001 and another one was the achievement of one more option on the same terms and conditions of 1993, in the year 2010. It was agreed by the negotiating unions after the actuarial exercise conducted by two experts (one from Hyderabad and other from Kolkata)Rs 6000 crores was the deficit and Rs 4200 crores  was diverted to Pension Fund and the PF subscribers had contributed Rs 1800 crores to join the Pension Scheme. There deficit was made good in 2010 itself.


7.         The Regulation 11 of the Pension Regulations 1995 reads as under:


The Bank shall cause an investigation to be made by an Actuary into the financial condition of the Fund every Financial Year on the 31st day of March and make such additional annual contribution to the fund as may be required to secure payment of the benefits under these regulations.


8.         It has been categorically committed by IBA in the supplementary Minutes of discussions on 04.01.2021 that an actuary was appointed to evaluating the requirements. Eighteen months are over. There is no information on this score provided by the IBA so far.


9.         Apart this, a certificate from the Actuary confirming should be obtained about the yearly provisions were made by the Banks without any deviation to confirm that the Regulation 11 of Bank Employees’ Pension Regulations 1995 from 2010 to 2022.


10.       As per the data available based on the Balance Sheet of the various Banks, the Pension fund as on 31.03.2021 was Rs194164 crores excluding the SBI Pension Fund corpus of Rs125806 crores.


11.       To an un-star question in the Parliament, the Ministry of Corporate Affairs submitted that the outstanding in the 43 accounts (above Rs 2500 crores) was nearly Rs 433000 crores and NCLT awarded settlement for nearly Rs 1,00,000 crores ie; for every Rs 100 outstanding the waiver or haircut was Rs 78. The loan losses were/are adjusted from the profit earned by the banks.


12.       It has been held by the Courts as:

Pension, as well known, is not a bounty. It is treated to be deferred salary. It is akin to right of property. It is co-related and has a nexus with the salary payable to the employees as on the date of retirement.


13.       Hon’ble Finance Minister Government of India openly declared in a press meet held at Chennai in 2020 that up-dation of Pension of Bank retirees would also be addressed suitably as that of one Rank one Pension in the defense services.


14.       The present stand pursued in the current discussion held couple of days on the up-dation of Pension should be revisited and Our organization is of the confirmed opinion that the Up-dation should be on the lines RBI and the methodology stipulated by the Government vide their letter dated 5th March 2019 should be strictly adhered to covering all the retirees taking the merger of D.A.up-to 4440 points.


15.       Further the Pension in Banks in shape of annuity from the Pension Fund corpus on long term investment, there is no reason for subjecting it to taxation like salary income.


Hence Up-dation of Pension on the lines of RBI brooks no delay and any deviation would add further complications. We have already experienced.


Yours Comradely,




Circular No.12/VII/2022

July 5, 2022





The Government at the Centre had earlier moved the Bill on Privatisation of Insurance Sector as a whole, though mentioned in the budget Speech that there were to do only one insurance Company. The protest was made on the floor of the Parliament and the result was suspension of twelve elected representatives in the last session. The print media carried the message, recently, that the United India may be first up for sell off in the general Insurance Space.

2.         In the new economic policy pronouncements, it was made clear that the owner would like to retain four banks in Public Sector and rest them would be merged or closed or privatized. Accordingly, right from 2016, we had witnessed merger of 5 Associate Banks with Global Bank-SBI. In 2019, Vijaya Bank and Dena Bank were merged with Bank of Baroda bypassing the provisions Banking Regulation Act 1972/1980 as well as the temple of democracy having elected peoples’ representatives. We had experienced further merger of 6 more banks with four banks. Thus, as on date, we have 11 Public Sector Banks besides the Global Bank-SBI.

3.         On the forced merger of Vijaya Bank and Dena Bank with Bank of Baroda with effect from 1.04.2019, it was only our Organisation which has sought the Judicial intervention from Apex Court of our Nation. The Apex Court direction to the Government to file the reply 11th March 2019 is yet to be complied with.

4.         In the first week of June 2022, the promoter of Catholic Syrian Bank, who refused to give wage revision on the lines of the industry level agreements, in spite of observing 13 days strike by the workforce, offered to take over the IDBI Bank stipulating certain conditions like LIC should remain with IDBI for five years period etc. The road shows in abroad are already underway to sell IDBI.

5.         The promoter of Catholic Syrian Bank, was the one who gave call openly the Government of India should come out of the Public Sector Banks within six months and handover the Banks to the private owners.

6.         Though there was a budget pronouncement that in addition to IDBI Bank privatization, two public sector Banks will also be privatized. The banking workforce observed two days strike in December 2021, expecting the said bill would be placed for adoption. The Government remained non-committal and GEN- NEXT performed their role in a fine manner. Hats off to them.

7.         Now, the environment, after the five States election, is providing sufficient relief to the owner of the Financial System. The recent development in the Financial Capital of the Country is emboldening to carry forward the process of reforms, which are directly affecting the common masses of the Country.

8.         Launching the 75 Digital Banking Units in the banking sector covering all Scheduled Commercial Banks except RRBs, Local Area and Payments Banks shall directly affect the employment generation and also retention of the existing workforce in our Industry. The recent announcement by the Global Bank (SBI) of establishing/ delinking the operational banking from the main banking activities is another twist in promoting contract employment culture in our industry.

9.         The current session which is expected to commence the business from third week of July 2022 is expected to witness a new twist in the matter of retention of ownership in the Public Sector Banks. The names of the two banks already shortlisted by NITIAAYOG may be the privatization candidates in the Banking Sector to begin with and ultimately  the rest of the four may too follow suit either in one go or in stages before 2024.

10.       Comrades, with the present initiatives of Digital India, delinking operational banking from the main banking activities and initiation of privatization/denationalization of public sector Banks will certainly endanger the job retentions and untimely exist of GEN NEXT from the Financial Industry is the stark reality.

11.       GEN- NEXT, Comrades, get ready for the struggles, prolonged struggles to resist and repulse the moves of the Government in dismantling the Public Sector Banks.


 Yours comradely,




Circular No.11/VII/2022
June 21, 2022




We are sad to share the message of passing away of Com. S. P. Bakshi, former Vice President of our organization, at Delhi yesterday evening. Born on 15th August 1933, he was 89 years at the time of death.

Com.S.P.Bakshi, was the founder president of All India Oriental Bank Employees Federation. He was closely associated with the Punjab State Bank Employees Federation. He was the Central Committee member of AIBEA in the year 1976.

Com.S.P.Bakshi, was directly associated with the functioning of our organization in the primitive stage. He took special interest in facilitating in holding the Conference of our Organisation at Mumbai in trying circumstances. By virtue of his qualities, he was the natural choice of the officers’ organization to nominate him as representative of Officers’ in the board of Oriental Bank of Commerce from 1991 to 1993.

Com.S.P.Bakshi was known for his forthrightness in his presentations in our meeting. Fearless in his submissions made him to win the hearts of one and all. He had possessed all the qualities required to lead the trade union movement in general and in Bank employees movement in particular.

AIBOA dips its banner in the memory of Com.S.P.Bakshi and stand with the family members in sharing the painful moments and feelings.


Yours in grief,


Circular  No.10/VII/2022

June 17, 2022











Com. RJS, who took the reins of our organisation in 1991, worked ceaselessly to give shape, structure and stature to the Bank officers’ movement in the country. He was one who worked with late Com.P.K.Menon to realise the demand of cradle to grave  pension scheme to bank men as a whole.  In the words of late Com.P.K.Menon, the founder General secretary of AIBOA, that AIBOA was serious and sincere in pursuing the demand of introduction of Pension in one form or the other.


2.         Establishing an Institute in the name of a legendary leader of the bank men viz: Tarak Institute of Banking and Trade union Research was yet another noble approach of Com.RJS. One more feather in his cap was the Formation of Unorganised Trust followed by the call of Regulated working hours for officers raised in the silver jubilee conference of AIBOA held at New Delhi in Feb 2006.


3.         Com.RJS, the stormy petrel fell on the ground on 15th June 2013. He has left many unfinished tasks to shape the destiny of Bank men in the challenging times ahead. To remember his role and contribution to the society, in the recently held  office bearers meeting held at SKAUST – K-Campus, it was decided to provide financial relief to 2 students for four years in Agriculture stream in the  University practicing the Mountain Agriculture in the valley.


4.         15th June 2022 was a holiday in the Valley. Hence today, the team led by Com.Ashwani Pradhan Convenor and Com.Syed Tasdaq Madni Co-Convenor have presented the cheque Rs.3,00,000/- [Rs.Three lakhs only] to the Vice Chancellor of SKAUST –K Campus Prof.Nazir Ahmed Ganai in a compact meeting held in the University Campus.




5.         AIBOA conveys heartfelt thanks to the team AIBOA – J&K, Ladakh Committee led by the Convenor and the Co-Convenor in executing the decision in a timely manner. We thank the Vice Chancellor Prof Nazir Ahmed Ganai for accommodating our request. We assure that the "words of wisdom" which he shared with us on 8th June 2022 will be fulfilled in due course.


Yours comradely




Circular No.9/VII/2022

June 10, 2022










Our organization, in pursuance of the decisions arrived at Ernakulam on March 5th and 6th, 2022 to observe the two days’ strike on 28th and 29th March 2022 focusing the issues of sale of IDBI to private players, privatization of two public sector Banks, non- resolution of residual issues coupled with extending solidarity to the CTUs, implemented the decisions. We are the only officers’ organization observed the strike along-with the working class.


2.         Upon receipt of the strike notice, to avert the strike, CLC (Central)  initiated the conciliation proceedings on 23rd March and 25th March 2022. The CLC (Central) while adjourning the proceedings advised the IBA to engage the Unions in bilateral discussions to resolve the pending issues. On 13th April 2022, IBA held the talks with Officers’ Unions and workmen unions separately for one hour each. The list of issues presented to the IBA by officers’ Unions was circulated for the benefit of officers.


3.         The meeting of nine constituents was held at Mumbai on 8th June 2022, in which Com. V. Viswanathan and Com. Devdas Menon President and General Secretary of AIBOA(MSC) represented AIBOA.  It was decided to take a call on the issues after the IBA meeting held in the 8th afternoon itself. The meeting was called by IBA  to discuss and decide the Insurance backed hospitalization scheme. Com. Devdas Menon represented in the IBA discussion. It was a preliminary in nature.  As there was no forward movement of the resolution of issues raised on 13th April 2022, it was decided to observe the strike on 27th June 2022 for realization of the pending demands viz: 5 day week, Updating Pension, scrapping of NPS, release of FAQs etc.


4.         There are calendar of programs released by the convenor of UFBU culminating in one day strike action on 27th June 2022. We advise the State committees and affiliated Units to participate in the programs including the strike on 27th June 2022 and make it a success.


Onward  March to 27th June 2022 strike action.


Yours Comradely,




Circular No.8/VII/2022

June 10, 2022







Dear Comrades





THE 7TH& 8T OF JUNE, 2022.


The meeting of the Office Bearers was held at SKUAST – KCampus, Shalimar, Srinagar, a leading university in Mountain Agriculture on the 7thand 8th of June, 2022. The meeting was presided over by the Joint Presidium of Com Alok Khare, Vice Chairman and Com A N Suresh, President.


2.Com.Syed Tasaduq Madni, President, All India J & K Bank Officers’ Federation, on behalf of AIBOA- (Jammu Kashmir Ladakh Committee) welcomed the Office Bearers in the world renowned Agriculture University campus for transacting the agenda.


3.         Special address by the Vice Chancellor, SKUAST, Kashmir:

In his introductory remark, Prof Nazir Ahmad Ganai, Vice Chancellor dwelled at length on the importance of the university and how the farmers are intertwined to reduce the communication gap through technology interface in promoting agricultural activities in the valley.  He reminded that the meeting is held on the World environment day and the responsibility of every citizen is to protect natural resources and also the Mother Earth. The impact of the climate change and the necessity to reduce the carbon foot print as per the Paris Accord through natural farming in our country was emphasized. His reiteration was that the agrarian economy in which our national development is directly linked, should be upgraded by technology integration. On behalf of our organisation, Com Alok Khare and Com A N Suresh garlanded and also presented a memento to the Vice Chancellor, Prof. Nazir Ahmad Ganai, SKUAST – K Campus.


4.         IN MEMORIUM:

Shri. K. Sankaranarayanan, former Governor Six States., Shri.  Pandit Sukh Ram, former union Minister, Shri. J.D. Rymbai, former Chief Minister of Meghalaya, Smt.Anjali Ponnusamy, Freedom Fighter, Prof.Vijiyan, Structural Biologist, Padma Shri Awardee in 2004, Shri. Bhim Singh, Chief of J&K Panthers’Party, Com.Sarla Sharma, Founder member of Communist Party of India in Delhi,  Com.Shivaji Patnaik, Veteran Communist Leader, Shri. Sidhu Moose Wala, Punjabi Singer, .Shri.Krishna Kumar, (KK) Indian Play Singer Com.D.R.Kalita former General Secretary of AIBOA Assam State Committee  & Organising Secretary AIBOA, Com. Jai Prakash Dixit Vice President BEFI, Com.Vijay Branch Manager, Elaqui Dehati Bank RRB sponsored by SBI


5.         LEAVE OF ABSENCE:

Com Vinod Bakshi, Com Arvind Porwal, Vice Presidents, Com D S Ganesan and Com Sanjay Khan, Secretaries, Com D N Trivedi and Com Tapan Sarkar, Joint Secretaries could not participate in the meeting due to various reasons. The meeting granted leave of absence to them.



As visualized by the extended Office Bearers meeting held on 5th and 6th March 2022 at Ernakulam, attacks on our industry i.e., privatisation of IDBI bank and two public sector banks are the priority agenda of the Government as per the print media’s consistent reports. The promoter of Catholic Syrian Bank is evincing keen interest to acquire the stake in the IDBI bank with conditions stipulated for acquiring the stakes of IDBI bank. On account of our Strike on the 28th and 29th March 2022 projecting non resolution of residual issues like 5 day banking, updating of Pension and rolling back of the NPS etc., observed by our  members with total commitment and conviction paved the way forward. IBA was advised by CLC (central) to engage the unions in the bi-lateral discussions to resolve the pending issues. Accordingly, IBA held a meeting with four Officers’ associations on 13th of April 2022. The list of issues presented to the IBA in the discussion was circulated to the units.



In the matter of wages and renumeration,35 hour working week with no reduction in salary, high prices, unemployment and the privatisation are also looming large in the world. Our country is not an exception to the emerging deep crisis.


Organisational Developments

The consolidation exercise in Punjab Sind Bank officers’ union (Northern Zone,) the present attack on the Officers in Central Bank of India by effecting transfers/proposed 663 branch closures and also the developments in All India Federation of UCO bank officers were reported to the house.



The Office Bearers had discussed the report submitted by the bye law committee headed by Com V Anil Kumar. While there was broad consensus in the matter of the overall content, it was recommended to seek opinion on the relevant portion of bye-law pertaining to model organization structure for the affiliates, sharing of the enhance annual subscription between the state committee and the district committee and pruning down the number of Office Bearers positions are kept open for further discussions. The affiliated units and state committees are to be provided with relevant portion of the bye law with an advice that they have to respond within 15 days time.



The statement of subscription/levy due was presented by Com. R. Jawaher, Treasurer. During this time, at the instance of Central Office, 50% of the levy remitted by the affiliates was sent to State Committees promptly.  The details of remittance were also shared with the Office Bearers. The Office Bearers have unanimously arrived at the following decisions to adhere to financial discipline without exception.


a)    The units who have not collected wage revision levy and collected but not remitted in full as per the directions are not entitled to attend the ensuing conference.

b)    The subscription due should be remitted without any further delay.



The eighth national conference of our organization will be held at Chandigarh on the 25th, 26th and 27th of Nov, 2022. The Punjab state committee has taken up the responsibility to host the conference. It was also decided that a delegate fee of Rs 2000 per member will have to be paid by the state committees to the host unit. The Office Bearers were unanimous in providing the financial subsidy looking to the steep increase in the cost of living for smooth conduct of the conference.



As per the bye laws of our organization, State committees are to conduct the conference once in three years. Accordingly, it was directed that all the State committees should complete the conferences well ahead of the national conference.



The audited accounts for the year 31.12.2021 was presented by the Treasurer and the same was approved unanimously.



The consolidation of the units in the merged entities (PNB, Union Bank of India and Indian Bank) should be completed before the national conference. A meeting of the principal office bearers of these units should be held within 30 days. The Office Bearers have authorized Com Dr Kumar Arvind, Com V. Ramabhadran and the undersigned to oversee the whole exercise of consolidation on priority basis.


The updating of web site with latest information on service conditions should be given top priority as the younger generations are techno savvy and have an urge to know the service conditions applicable to them well ahead of their joining the services of the Banks.


The campaign opposing the sale of IDBI Bank, privatisation of two public sector banks should be carried forward through release of educational literature in regional languages, submission of memorandum to RBI on digital banking units, communication addressed to peoples’ representatives in the respective states pertaining to ill-advised moves of the Government. The State committees are expected to step up the programmes with required seriousness as loss of jobs are visible and the GENNEXT is going to be the sufferers of the situation.


The privatization of IDBI would trigger of other banks’ privatization, if the same is not resisted with full strength by the workforce in the Industry. Equally resolution of the residual issues for which a day strike was announced in April 2022. The discussion was held separately with officers’ Unions and workmen unions on 13th April 2022. AIBOA is of the firm view that any casual approach  in the resolution of residual issues would result in linking it to future wage negotiations.


The resignation of Com M A Srinivasan, DGS, was accepted from the Office bearer post as he submitted the resignation.


On the 1st of Aug, 2021, a meeting of the three Office Bearers of AIBOA with the representatives of BOBOU was held at Bengaluru and the unanimous decisions arrived at were conveyed to the participants for strict implementation. The same were not implemented and organizational hurdles were created thus stone walling the implementation of the decisions conveyed. One of the office bearer of BOBOU filed a case against AIBOA also. As there are court cases/ counter court cases filed by the two factions of Bank of Baroda Officers’ union, it was decided in the meeting that they should sort out the matter amongst themselves.


13. 9thRemmebrance Day of Com.RJS.

Our organization is known for associating with social identification programs on continuous basis. The SKAUST university is actively engaging in innovation to reduce the pains of the agricultural workers, climate change and technology based agricultural activities and they are the pioneers in India.


15th June 2022, will be the 9thdeath anniversary of late Com. RJS. As a mark of respect to Com RJS, who believed in extending help to the needy and deserving students, the office bearers unanimously decided to extend financial help to two students for four years to meet the expenses related to the payment of tuition fees in agricultural stream in SKUAST University, Kashmir. The modalities are being worked out.



Com P N Ganguly, Joint Secretary, AIBOA, who retired on 31.05.2022 was felicitated by our Vice Chairman, Com Alok Khare.


15.AIBOA (Jammu,Kashmir,Ladakh committee) scored appreciation for their

     24/7 services rendered.       


Com SyedTasdaqMadni, President of AIJKBOF, in his brief address traced his involvement in the trade union right from the beginning and thanked for providing AIJKBOF an opportunity to host this office bearers’ meeting in a lush green environment.


Com Ashwini Pradhan, Convenor, AIBOA Jammu Kashmir Ladakh committee and Com Madni were felicitated by Com Alok Khare and Dr Kumar Arvind.


Central Office has provided the financial assistance to the State committee by handing over of a cheque of Rs 51,000 by Com K Raghava, Secretary AIBOA.


Com Alok Khare, Vice Chairman, in his concluding remarks expressed that the decisions arrived at in the meeting will have to  be implemented without any hassles and paid rich tribute to the team work exhibited by the host unit.


Yours Comradely,




Circular No.7/VII/2022

May 18, 2022

Camp: Mumbai






At the instance of our organization a meeting of Principle office bearers and two deputy general secretaries of AICBOA along with the representatives of Nagpur, Bhopal, Jharkhand, Raipur and Mumbai was held to-day at the office AICBOA, 6th Floor Central Bank of India, Mumbai Main Office. On our request, Com.Rajan Majumdar and Com.Alam Hussain participated in the meeting.

2.  Com.R.L.Chavan, representative of Central Bank officers’ Union Mumbai welcomed all the participants to the meeting and expressed his desire that this much awaited meeting will conclude with positive note.

3.  The participants in an hour-long expressions, recalled their experiences with late Com. S.L. Das and paid rich tributes for his selfless service to one and all, irrespective of their official position in the Bank. The meeting observed two minutes silence in the memory of Com. S.L. Das and also to the victims of Global Pandemic COVID 19.

4.  The purpose of convening the meeting was presented by the undersigned and the need for working in cohesive manner to thwart the present attacks of the Government and the management combines. On the agenda of consolidation of officers under AICBOA, the house was unanimous and in one voice agreed to take it forward for the benefits of the total workforce in the Bank. Thus the consolidation was complete in real sense and the emergence of oneness was experienced by one and all.

5.   The meeting concluded with vote of thanks to Com. Rajan Majumdar specially and Com. R.L. Chavan for the arrangements made by him for transacting the agenda in AICBOA office in a smooth manner.

6.  It is yet another milestone in the organizational advancement of the Officers’ movement under the banner of AIBOA.

With greetings,

Yours Comradely,  




Circular No.5/VII/2022

April 20, 2022




77th  YEAR

Today, the first Trade Union of the Banking workforce enters its Seventy Seventh year. There is an urgent and imperative need to turn the pages of history to draw  the new strategies to combat the present attacks on the Financial Sector and more particularly in the Banking sector.

From the pages of the History:

  Concluding remarks by Sri D.N.Mukherjee M.A., Chairman, 
     Reception  Committee, 1st Conference of AIBEA -20th / 21st April, 1946

     " by merely mentioning what the responsibility of the employees to the Institution should be. 
        The first is loyalty. He should consider the Institution his own and always try to give such a shape to his works that 
        will culminate in the improvement of the Institution. The second in order is the spirit of tolerance, the employee may 
        not have his desired goal immediately but he should stick to the post. The employees are to watch the 
        managements desire to improve the staff and how such desires are being translated into action...."

Gist of some of the relevant Resolutions adopted in the Foundation Conference in 1946.

        > Building up strong and healthy Unions/Association all over India
        > Security of Service be assured
        > Co-option of one director in the Board of Director, who will be an elected representative without the requisite 
            qualification of a shareholder. "

  By the effective leadership right from the foundation day [20.04.1946] financial upgradations have been conferred though bilateral negotiations in the Industry between [1966-2020], to the workforce in the Industry. The recent moves of the owners of the Banking system is focused to unleash the attack on jobs and the job security. The right to participate in the Board meetings as Director is cleverly denied by the present Government, though the Act passed by the Parliament categorically provides for the participative management . Restoring this right achieved in 1972 by late Com.H.L.Parvana from the unwilling hands  of the present owners brooks no delay.

Generations after generations have come and become part of the history of our Industry. The philosophy of a trade union organisation continue to demonstrate to stand together to resist the attacks unleashed against the workforce in any Industry. 

To quote from the Presidential address in the Foundation Conference of  AITUC in 1920 

"Class consciousness:    organised capital has destroyed many an old civilisation, enslaved religion, chained science and placed in bondage all the forces of nature and human  intellect. Humanity is its bond slave....Militarism and imperialism are the twin children of capitalism; they are one in three and three in one. Their shadow, their fruit and their bark, are all poisonous. It is only lately that an antidote has been discovered and that antidote is organised labour.... 

Think as a class, organize and act as a class." =founder President of AITUC Com. Lala Lajpat Rai=

It is relevant to quote of a poet, to present the position of our Nation:

                                                "Think of your Countr y, You foolish Men
                                                   Troubled Times ar e to come
                                                    the writing is clear on t he hor izon
                                                    if you do not take heed,
                                                    you will be wiped out,
                                                    O' people of Hindustan
                                                    Nothing of you will r emain
                                                    In the annals of the World Histor y"

We convey the first Trade Union of Bank men established in 1946, which continues to play dominant role in changing the society successfully right from 1969, appeal to focus new forms of struggles to resist the current attempts to 
reprivatise the banks by the present Government, and ensure jobs and job security to flourish, to benefit the Gen Next.

With Greetings to achieve 100 years
                                                     When Go Home, Tell them of us
                                                     Tell Them "f or your t omorrows we gave our t oday's"

Yours comradely,



Circular No.4/VII/2022

March 29, 2022







Congratulations !!




Our Organisation, in pursuance of the decisions arrived at Ernakulum, Kerala, served the notice of Strike on Government of India as well as on IBA on our demands. The Government of India representative’s expressed in the conciliation proceedings  that there is no forward movement in the matter of privatisation of two public sector Banks at present. The Government has already initiated the step to seek expression of Interest from willing Institutions in the matter of IDBI disinvestment exercise.


2.         The two days’ strike call on 28th and 29th March 2022 to realise the demands raised by our organisation was observed, by and large, with total dedication. Reports have also been received from units that the participation by our members in the strike call was in a disciplined manner. Everyone was appreciated of the approach made on our issues and our Concern. Clearing operations were also hampered to a greater extent. We the members of AIBOA extended the solidarity support to CTUs in opposing the economic and labour policies of the Government of India. Our deep concern is in the name of National Monetisation Policy, the Nation is on sale. Dividing the Institutions, as Strategic and Non Strategic is also with certain hidden agenda. Forced exit of the employees from the Institutions is also possible.


3.         We, the banking workforce, are to have necessarily the people connect to make them understand the role of the Government in not creating jobs and also ensuring the continuation of the existing jobs for the youth at large. The step taken by our organisation is a baby step towards enveloping the workforce completely. Com. Binoy Viswam Hon’ble Member of Parliament also took up the matter with the Government of India and urged them to revisit their decision in respect of IDBI.


4.         Our representatives at all levels should take up the tasks sincerely and seriously to explain our stand in the matter of Privatisation of Public Sector Banks and also of sale of IDBI to private players. The new concept of 40 hours of work, 40 weeks of work and exit at 40 years of age is the new slogan of corporates. Jobs and jobs security to Gen next is the real threat to the workforce.


5.         We shall take necessary steps to enlarge the workforce in right direction to secure the future of the Nation and secured working environments for the gen next workforce.





Yours comradely





Circular No.3/VII2022

March 22, 2022.









Our organization, in pursuance of the decision arrived at in the extended office bearers meeting held at Ernakulum on 5th and 6th March 2022, served the Strike notice on 11th March 2022, on CLC (Central) as well as to IBA listing out our demands. In response to our notice, Addl. CLC (Central) initiated the conciliation proceedings and fixed the today’s date.


2.         Our organization was represented by the undersigned, Com. Sanjay Khan, President, AIBOA (DSC) and Secretary AIBOA, Com A.V. Vithal Koteswara Rao,General Secretary AIIDBIOA and Joint Secretary AIBOA and Com.G.S.Oberoi, General Secretary AIBOA (Haryana State Committee) in the meeting. IBA was represented by Senior Advisor (HR&IR).


3.         On behalf of our Organisation, we have presented in detail, our opposition to Privatisation of Banks, Not to allow the Sale of IDBI to private players,  satisfactory resolution of pending demands listed in the MOU dated 04.01.2021, scrapping of NPS and restoration of OPS, removal of anomaly in payment of D.A between LIC and Banks and extension of our solidarity to the CTU’s demands of opposing the retrograde economic and labor policies, in a cogent manner, duly supported with documents.


4.         The Senior Advisor (HR&IR) presented the views and role of IBA in the whole process of negotiation based on the mandates given to them by the member banks. As expected, on Government policies, they have no say.


5.         The Addl. CLC (Central) after observing the presentations by both sides, advised the IBA to engage our organization in the mutual discussions, equally appealed to us not to go ahead with the two days strike on 28th and 29th March 2022. Since the representative from Government was not present in the proceedings, Addl. CLC adjourned the meeting to Friday, the 25th March 2022 at 14.30 hrs.


6.         Comrades, the wolf is at the doorstep. The print media is also circulating the names of the Banks, which in the list finalized by Niti Aayog. Attack on jobs and jobs Security, is on the rise.


Hence, units are advised to make all necessary preparations to make the strike on both days successful.


With greetings,


Yours comradely,



Circular No.2/VII/2022

March 11, 2022









As decided in the extended office bearers’ meeting held at Ernakulam (KOCHI) on 5th and 6th March,2022, AIBOA shall participate in the two days strike programme on 28th and 29th March 2022 to pursue our demands and also synchronising with the CTU’s thereby extending solidarity to the striking workers.


2. The demands are:



                                    STOP SALE OF IDBI TO PRIVATE PLAYERS.



                                    UPDATION OF PENSION.

                                    CHILD CARE LEAVE

                                    SCRAP NPS.

                                    RESTORE OLD PENSION SCHEME.

                                    REMOVE ANOMALY IN DA BETWEEN LIC AND BANKS.





3.         We advise our State committees and Affiliate units to effectively mobilise the members for their participation in the Strike programmes.


With greetings,


Yours comradely,




Circular No.1/VII/2022

March 8, 2022





Dear Comrades,




ON 28TH& 29TH OF MARCH 2022



The extended Office bearers’ meeting convened at a short notice was held at Ernakulam (Kerala) on the 5th & 6th of March 2022 to decide the course of action to save and secure the future of the younger generation who are faced with the stark reality of joblessness in the industry.


2.         The meeting was held at Hotel Presidency, Ernakulam North. It was jointly presided over by Com Alok Khare, Vice Chairman and Com A N Suresh, President of our organization. The commencement of the meeting at 10.30 am was with a short and sweet welcome address by the newly elected General Secretary Com. O. Prajith Kumar, of the host unit.



General Bipin Rawat, Chief of Defence Staff of the Indian Armed Forces and 12 others, Arch Bishop Desmond Tutu, a veteran fighter against racism, Sri Konjeti Rosaiah, former Chief Minister of A.P., Sri Sadanand Singh, former Minister of Bihar,  Prof.N.D.Patil, leader of Peasants and workers in Maharashtra, Com.Upen Talukdar, former President, AITUC-Assam, Sri C.R.Chandrasekaran, our Advocate and former President of NCBE, Sri T.Dinakaran, Chartd.Accountants-our Auditor, Com.K.K.Nair, former General Secretary, INBOC and Chairman UFBU, Com.S.C.Nayak, former General Secretary, AIBOA-Odissa State Committee, Com.R.Muthuswamy, former  CC member of AIBOA [ IOBOU ], Smt Bani Chakraborti, wife of Late Com Tarakda, Lata Mangeshkar – famous singer, Com. K Ramakrishna Reddy – General Secretary of Kotak Mahindra Bank Employees Union, Mr.Bappi Lahiri – Music director, Ms.K P A C Lalitha – cine artist and Mr.Shane Warne – Australian Cricketer, Civilians in Nagaland.  The house observed two minutes silence to pay homage to the departed souls.


4.         On our invitation Com Binoy Viswam, Hon MP (Rajya Sabha) was present to provide the birds’ eye view of the whole development in the country and the retrograde economic and labour policies pursued by the Govt at the center. The host unit presented the growth trajectory of AIBOA through an effective power point presentation for the benefit of the participants. The participants had the benefit of the history of Nehru Trophy snake boat race observed by the  Kerala State right from 1952 to emphasis the effect of the team work. Com Binoy was honored by Com Alok Khare and Com A N Suresh with shawls. In his seventy minutes address he covered the crisis slowly accumulating in various forms affecting the livelihood of the common man of this country. He was emphasizing that the Bank officers should stand with the struggles for the betterment of the common man of this great nation. In his own simple way he appealed to the participants that Bank Officers under the banner of AIBOA, having a patriotic duty to save the present and future, to join in the ensuing strike announced by CTUS. His speech was simple, appealing and aptly convincing in content. On behalf of our organization a memento was presented by the joint presidium and Com R Jawahar Treasurer, AIBOA.


5.         After the lunch break of 45 minutes, 16 state representatives and representatives of the affiliated units presented the grass root level realities as the new generation have joined the banking Industry hardly one decade back. The discussion was for  a period of 3 ½ hours. The house unanimously authorized the joint presidium and the General Secretary to draw the ways and means to finalise the approach of observing the strike as per the majority members’ expressions. The first day’s session concluded at 5.45 pm with an appeal to reassemble at 9.30 a.m. on 06.03.2022.


6.         As decided, second day the session commenced at 9.45 am to transact the issues concerning organizational matters. The house was informed of the collective decision arrived at to observe the strike on 28th& 29th Mar 2022 on our issues and efforts are to be made to bring other Officers’ organizations too to join the strike, for the betterment of the younger generations thereby ensuring security of jobs.


7.CO-ORDINATION COMMITTEE: - Reporting by Com V Ramabhadran.

At the initiative of Com B S Ram Babu, Secretary AIBEA, a co-ordination committee meeting was held on 03rd of February 2022 through VC. The committee consisting of Com V Ramabhadran as a Convenor and Com K Raghava and Com Devidas Menon as members, participated and exchanged the views that there is a need to re-build the relationship to get the gains of consolidation for the benefit of the total work force in the industry. The initiative was a baby step and broader committee of the Principal Office Bearers of AIBOA & AIBEA, along with the convenors are to meet again shortly to prepare the blue print for the future course of action.



Com Dr Kumar Arvind, Com Vinod Bakshi, Com S A Sridhar, Com Arvind. Porwal, Vice-Presidents,  Com D N Trivedi and Com Vinod Sharma, Joint Secretaries were granted leave of absence as they have been held up due to various health and personal reasons.




Representatives of the Unions have informed the house that the steps taken by them collectively to merge the union as a single entity in PNB, Union Bank of India and Indian Bank for the benefit of the participants. Wherever the counselling is required from the central office of AIBOA, it has been decided to extend the same so that the whole exercise should ultimately result in absolute integration without any problems could be concluded.



The house was briefed about the initiatives taken by Com.A.B.Shetty, leader of erstwhile Vijaya Bank, to narrow down the functional and organizational differences between the office bearers of BOBOU on 1.08.2021 participated by Com.A.N.Suresh, President, Com.K.Raghava, Secretary and the undersigned. One of the office bearer of BOBOU has filed a case against AIBOA also.



Com Anil Kumar, Convenor of the bye law committee, reported to the house the broad consensus arrived at in the meeting held on 02nd March 2022 through Video Conference and assured to submit the same to the Central Office of AIBOA within a weeks’ time.



It has been decided that the state committee conferences should be held prior to the national conference and adherence of the provisions of the bye law should be followed. The affiliation fee as well as the wage revision levy should be collected from the affiliated units without any exception before holding the State conferences.


During this period AIBOA -TNSC held its delegates' session on 23rd October 2021 and the host unit held its conference on 8th& 9th of January 2022.  AIBOA- AP & TS has decided to hold the conference in the month of August 2022.



The affiliated units having collected the wage revision levy are to necessarily remit the same without any further delay. Wherever the units have not implemented the direction of collection of levy should ensure implementation of the same without any excuses. The decision taken in this regard in Nagpur CC, subsequently reiterated in Chennai CC shall be implemented.


Com R. Jawaher, the Treasurer, presented the levy collected from the affiliated units and shared the details of remittance to the state committees as per the details provided by the units to Central Office of AIBOA. The financial discipline shall have to be strictly followed and implemented which is a pre-requisite for the units’ participation 6tin the ensuing national conference.



The State committees of Rajasthan, Delhi, Punjab, Gujarat and U P have offered for holding the conference. The tentative dates will be in the second week of November 2022. The delegate fee for attending the conference will have to be enhanced keeping in view the steep increase in expenses involved in holding the conference. The secretariet shall meet within a short period to decide the issues involved.



As our auditor, Mr T Dinakaran, passed away recently, the necessity has arisen to appoint M/s M A Suriyanarayanan & Co, as our auditor at the same remuneration. The house approved the same unanimously.



The house was shared with the information about the demitting from the assignment by Com S Lakshminarasimhan on completion of launching of 100th issue, due to health reasons. The problems related to renewal from RNI and penalty paid for non-submission of the annual returns as per the requirements were reported to the house. The reconstruction work is already underway.



The house unanimously approved the constitution of wage committee under the Convenorship of Com V Ramabhadran, Secretary, AIBOA.


The following are the members of the committee:

Com Nirmal Kumar Dutta, Joint Secretary, Com Sanjay Khan, Secretary, Com Gaurav Goel,  CC member Uttarakhand and Com Jayakala, Joint Secretary, AIBOA KSC.



The house was appraised of the necessity of procuring a transit house for the benefit of the banking work force for medical treatment at Vellore, Tamilnadu. After the finalization, the developments in this regard will be reported in due course.



Com.Rajiv Tamhane, Com. Rajesh Tiwari Joint Secretaries AIBOA, Com. Krishna Kumar,(AIPNBOF),Com.V.Viswanathan(MAHARASTRA), Com.G.Srivastava(Jharkhand), Com.P.K.Baruah (Assam), Com.K.Srinivasa Rao (BOBOU) and Com.V.Ramabhadran Secretary were honoured by Com.Alok Khare  Vice- chairman and Com.A.N. Suresh, President, AIBOA.



As presented in the commencement of the session, a replica of the snake boat race was presented to all the participants to remind that collective work is the necessity of the time and also a sharp reminder to all the participants for the performance at state as well as the unit level in fulfilling the demands of the organization.



Prior to vote of thanks ,a recording of a melodious song sung by Com Parvathi of KSC, recorded in a shortest time of the famous singer Late Lata Mangeshkar was played.


Com D S Ganesan, Secretary AIBOA profusely thanked the host unit for the excellent arrangements made to host the important meeting at the shortest possible time. The team work by the office bearers led by Com M D Gopinath and Com O Prajith Kumar were duly acknowledged. The session came to an end at 14.00 hours.




Yours comradely,




Circular No.24/VII/2021

December 31, 2021





The Global challenges are multiplying. Prominent amongst them are: Pandemics, Energy crises, climate change, cyber attacks, besides regional security threats. The economy is global; politics are local, regional and transnational also.  The rapid return of Taliban to power in Afghanistan is a serious to the Security.  The ongoing tussle between India and China on Border issues, the conflict between Taiwan and China in South Sea, and Iran’s nuclear programme drives home the point of concerns that Asia is becoming epic centre of security risks. The new combination of forces emerged between China, Pakistan, and Russia to extend support to the new Afghan Government.  The emergence of QUAD (Australia, India, Japan and US) and also an agreement to supply nuclear submarines to Australia to change the dimensions of the conflicts with China, which is also preparing to heap the attacks in the sea front also.

2.         Given the developments in a nutshell, the conclusions are clear i.e. global governance institutions have weakened; there is no regional security apparatus to secure the Asian nations; there is no norms, set of rules and practices to ensure stable and predictable interstate relations in Asia. The survival of their own Governments, the new voice of nationalism and populism, are echoed to establish their legitimacy providing no space to arrive at workable solutions amongst the various Nations.

3.         New Work Culture: The Global Pandemic COVID -19 has prepared the work force to accept the Work from Home culture. This has led to reduction of physical interactions and dispensing with the need for face-to-face meetings. It took a long time and also to experience the trial and error to find a solution to the cost to disease problem.  A new digital society is emerging. Human beings are to convert themselves as data sets.

4.         COVID -19: The half of this year was a hit by the disease and the second half was showing recovery path of the economy. The first wave hit the urban India and second wave hit the hinterland.  The focus was shifted to vaccinations against the availability of the medicines.  It started with 1.7 million jabs per day and steadily raised to a level of 7 million. 1.29 billion Citizens have been vaccinated so far.

5.         The recovery rate of taxes during this year was certainly to an unexpected level. Direct taxes, Excise duty on Petrol Diesel, custom duty and Goods and Service Taxes have come to coffers of the Government. The equity market boom was witnessed.

6.         The Government at the Centre had to faces stiff resistance from the farmer’s community against the enactment of three farm laws without any discussion in the Parliament. 13 months struggle, 48000 charge sheets against the agitating farmers and 700 people losing their lives coupled with the impending elections in 5 states made them to retreat from forceful implementation of three laws.  The saying Homer has been proved i.e “The force of union conquers all“. The united struggle with a firm determination to reclaim the space for a negotiation is to be acknowledged. The Government at the Centre does not relish the voice of discontent even in the floor of the Parliament. For the protest made by the 12 MPs against adoption of the bill pertaining to Insurance Sector without any discussion in the last session, they were suspended to participate in the current session.  Even the reconciliation meeting proposed to be held between the Chairman of the Rajya Sabha was not in a proper direction.

7.         ELECTIONS IN THE STATES: The straight wins by the opposition in three States is West Bengal, Kerala and Tamil Nadu were of shock to the ruling dispensation at the Centre. The bureaucrat who had stood with the Government at the State was inflicted with a punitive exercise on the last day of his service by the Centre. Change of Guard suddenly in Karnataka and Gujarat was also intriguing in all aspects.  Equally sudden changes of the Governors of some states are without any serious reasons.  

8.         FINANCIAL SYSTEM IS UNDER ATTACK: The Government at the Centre announced the new policy for Public Sector Undertakings in the first week of this year.  IDBI, a DFI, founded in 1964 has to be handed over to private sector during the current year. One non-life Insurance company was proposed to be privatised along with two public Sector Banks as proposed in the Budget. In the monsoon session of the Parliament the bill was adopted without any discussion to privatise all the 4 non -life Insurance Companies. The workforce in the Banking Sector observed two days strike in March 2021 followed by in December expecting the Banking bills would be placed for introduction, consideration and finally adoption.  The Gen Next had responded well with total dedication and commitment much against the expectations of the leaders. But this is a baby step on our part. We have to learn from the Farmers’ Struggle.  The new work culture is emerging i.e. 40 hours of work, 40 weeks of work and 40 years work.  With Artificial Intelligence seeping into all spheres of work, how will protect the jobs and Jobs Security of youth? The stark realities are starring at us in real sense. Do we not take it seriously?

FUTURE OUT LOOK: Effort must focus on building sustainable banking business, by which economy can also expand. The setbacks if any to be faced can also be countered in a proper way.




With greetings,

Yours comradely,



Circular No.23/VII/2021

December 21, 2021



Dear Comrades,



Com. Narendra Kotiawala the then Deputy General Secretary of AIBOA, whose continuous efforts right from December 2005 to own premises for AIBOA at Mumbai was realized on 19th October 2020. He was continuously straining hard to inaugurate the premises with all seriousness to synchronize the same with the signing of the 8th Joint Note of Officers’ wage revision at Mumbai. The Global pandemic has become the stumbling block to complete the renovation work in the premises.

2.         The central committee meeting of our organization was held at Nagpur on 13th and 14th February 2021, marking the completion of forty years of purposeful existence to serve the workforce in the Industry as well as Customers of the Banks. The proceedings of the CC were worth remembering. Com.Narendra was taking earnest steps to inaugurate the office before Feb 2021.  But the icy hands of the death had snatched the comrade 0n 13th March 2021. It was a bolt from the blue.

3.         With all environmental constraints in the City of Mumbai, there was a meeting held on 11th December 2021 to remember the services rendered by Com.Narendra to all of us specifically to Mumbaikars. It was held at Corporation Bank Employees Union, Fort, premises, where AIBOA held its meeting on 27th June 1984 after submitting the first Charter of Demand under the leadership of Com. Prabhat Kar and Com.P.K.Menon thethen founder President and General Secretary of AIBOA.

4.         The meeting was conducted by the joint presidium of Com.R.N.Patil, Chairman and com.V.Viswanathan President of the AIBOA (MSC). On our request, Com.Nandakumar Chavan Vice President AIBEA and President of MSBEF and Com.Vishwas Utagi, Joint Convenor of Trade unions attended the meeting.

5.         The meeting commenced with the brief presentation by Com.Devdas Menon, Joint General Secretary of AIBOA (MSC) detailing the purpose of meeting. The members’ present have paid floral tributes to Com.Narendra Kotiawala one by one. It was followed by the rich tributes paid by Com.R.N.Patil, Com.V.Viswanathan, Com.Nandakumar Chavan, Com.Vishwas Utagi, Com.Patwardhan, Com.Arvind Chougule, Com.S.N.Kallur, Com.V.Phaniraj, Com.Dhiraj and finally by the undersigned. We have lost one of the driving forces in the state of Maharastra. It is difficult to fill the void created by his demise.  

         CO-OPTION OF OFFICE BEARERS: Com.Devdas Menon has been coopted to lead the AIBOA MSC as General Secretary. In his place Com.Francis Menezes was elevated as Joint General Secretary. Com.Gurminder Singh Oberoi and Com.S.N.Kallur have been coopted as Vice Presidents. Com.V.Phaniraj has been inducted as a Secretary in the team of Office bearers. The meeting placed on records the appreciation to the comrades of Corporation Bank Employees Union who had facilitated the conduct of the memorial meeting. The session stood adjourned for lunch at 14.15hrs


The opening of office premises at 602, Darshan Building, 6th Floor, Raghunath Dadaji Lane, Near Handloom House, Fort, Mumbai-400 001 was inaugurated at 15.45 hours by the undersigned. The function was attended by Com. Vishwas Utagi.   Visualising the changes happening in the Industry as well as in the Individual Bank level in providing a roof to unions, the premises acquired by AIBOA MSC would benefit the units functioning in the state of Maharastra / Mumbai.

As suggested in the Secretariat of AIBOA, the new premises has been named after Com.Narendra Kotiawala


Thus the opening of our premises at Mumbai is added advantage on our performance.

With greetings,

Yours comradely





December 17, 2021











In order to achieve the disinvestment target of Rs 1,75,000 crores, the Government at the Centre has released the list of assets to be leased out in the name of National Monetisation Policy (NMP).




26700 kms


Power Transmission

28698 ckt kms


Hydel and Solar Assets

600 mw


Natural Gas Pipelines

8154 kms


Petroleum Product Pipelines

3930 kms


Ware Housing Assets

21000000 mts


Railway Stations



Passenger trains



Good Sheds



Konkan Railway Freight Corridor

741 kms



286000 kms


Telecom Towers









National Stadiums



The rent to be received by the Government in our years will be Rs.6,00,000 Crs.    

Government will hold the assets on paper only.




In the current year budget, it was clearly spelt out that IDBI and two public Sector banks will be privatized. As far as IDBI is concerned Government at the Centre is holding 46% and LIC has invested 51% thus 97%   of the capital is held by Government and a Public Sector Financial Institution. LIC was directed to withdraw its 51% investment in one stroke. DIPAM has already engaged itself to step up the sale of IDBI to private owners. It is claimed that INDIAN OVERSEAS BANK AND CENTRAL BANK OF INDIA are the two banks shortlisted by NITI AAYOG and forwarded to the Finance Ministry for taking up the issues further. This is the beginning of putting the clock back to 1969. As it had appeared in the print media, the important functionary in the Finance Ministry, clearly indicated in phases all the Public Sectors banks will be taken back to the position prior to 1969.




On pronouncement of the proposed bank privatization in the budget, the entire workforce under the aegis of nine unions observed the two days strike call on 15th and 16th March 2021. There was no move to place the bill in the Parliament in the monsoon session. But in the current session, the bill to amend the Banking Laws of 1970 &1980.was listed for introduction, consideration and adoption Still after a detailed discussion, we were forced to observe the strike on 16th and 17th December 2021 as the Government was not keen in assuring that the said bills will not be taken for discussion in the current session. Reports are highly encouraging about the observance of Strike throughout the country. Young and Old, seniors and Juniors, men and women have shown their total support to the two days strike by the bankmen. Banking activities have been brought to a grinding halt.

It is only a baby step on our part.




The farmers’ agitations stretching to 13 months period, witnessed 700 individuals sacrificed their life and 48000 court cases against the farmers in various high courts and ultimately the Government has to come down and the repealed three farm laws in the first day of the current Parliament session and committed in writing to discuss further with the farmers’ representatives on their demands.Collective sacrifice, conviction to achieve the desired decisions and rock like unity have brought the relief to the agitating farmers.


Hence our two days strike is only the baby step towards the long journey of the struggle. Get ourselves prepared for the same. Our struggle is for the nation building exercise and halt the sale of the Public Assets to the private hands and Public Sector Banks are Nation building instruments. The PSBs are to be preserved, protected and promoted. The efforts on our part is to prevail upon the powers that Private Sector Banks are to be nationlised to protect the interest of the depositors, investors and also public at large.




With revolutionary greetings to all,


Yours comradely,





Circular No.21/VII/2021
December 6, 2021





Comrade Subhash Chandra Nayak, former General Secretary of AIBOA(Orissa State Committee) and Central Committee Member of Our Organisation passed away today in the early hours at Apollo Hospital. 

2. Born on 12th March 1949, on completion of Graduation, joined as a clerk in Central Bank of India in 1972 and promoted to officer in 1981.He was forced to opt out of the Bank on account of his transfer by the management of Central Bank of India.

3. Com.Subhash Nayak was the founder General Secretary of Orissa State Central Bank Employees union and on the formation of Orissa State Central Bank Officers union, he was the natural choice of the people to lead the officers’ movement from the front. He was the General Secretary of AIBOA (Orissa State Committee) from its foundation till 2010. Quarter Century he led the officers’ movement.

4. He was one of the respected comrades in the State for his sterling qualities. He admired by one and all in the State as well as in AIBOA.

5. AIBOA movement has lost one of the finest comrade. We share the grief of the family members and convey our heartfelt condolences to them.

AIBOA dips its banner in the memory of the departed comrade.
COM. Subhash Chandra Nayak Amar Rahe Amar rahe.

Yours in grief,


Circular No.20/VII/2021
December 1, 2021



                                       TWO DAYS STRIKE ON 16th and 17th December 2021
                                             RESISTANCE STEPS BY SEVEN CONSTITUENTS &
                                                  LONG DRAWN STRUGGLE IS IN THE OFFING.

The nine constituents met on 29th and 30th November 2021 through Video Conference. The first day meeting was participated by Com. V. Ramabhadran Secretary AIBOA. Second day meet was participated by the undersigned. It was decided to observe two days’ strike on 16th and 17th December 2021 opposing the proposed move of the Central Government introducing, consultations and consideration the bill pertaining to the Amendments of Banking Regulations Act 1972 and 1980.

2. All our State Committees and Affiliated units are to coordinate with the State committees and make the programmes a resounding success.

Participate enmass and prepare for a long drawn struggle against the Government,

The circular issued in this regard by UFBU is sent herewith.

Yours Comradely,



UFBU CIR 2021-17


Circular No.19/VII/2021
November 23, 2021





           In the current budget presented in the Parliament, it was made known to mob of Rs1,75,000 crores through the process of disinvestment route. Prior to the presentation, Dept .of Investment and Public Asset Management (DIPAM) issued a office memorandum stating that bare minimum presence of the existing public sector Commercial enterprises will be retained under Government Control. The rest of them will be considered for privatization or merger or subsidiarization with another PSE or for closure. Followed by this announcement, one official from the Government made an clear expression that Banking Sector will be privatized.

2.         Massive participation in the Strike on 15th and 16th March 2021 by the workforce was a clear caution to the Government not to go ahead with the Financial Sector or Public Sector Undertakings the proposed process privatization. Selected Public Sector Banks’ Chiefs were advised to appear before the Parliamentary Committee on Sub Ordinate Legislation In June 2021 with details of performance of their Banks.

3.         In the meanwhile, it was decided by the nine constituents to mobilize the public opinion through signature campaign by the workforce, as it was done earlier in the case of FRDA bill,

Which was subsequently withdrawn by the Government of India. Recently, the print media carried a report that there is clarity on the road map is needed in the matter of Privatisation of IDBI, IOB and Central Bank of India. RBI yet to decide on the corporate ownership in Indian Banks. 

4.         The bill to privatise the two public sector banks is listed for introduction, consideration and passing in the Current session of the Parliament. Hence, preparation to conduct a sustained struggle is the need of the hour. We have witnessed the resistance movement launched by the farmers and the sacrifices made by their families.

5.         We advise our state committees and affiliated unions to prepare the workforce in readiness to implement the organisational calls of united movement of banking workforce in our country.


Yours comradely




Circular No.18/VII/2021

November 23, 2021






The CTUS and independent federations had a National Convention at New Delhi on 11.1.2021. Our Organisation was represented by Com. Sanjay Khan, President AIBOA-Delhi State Committee and Secretary AIBOA in the Convention. The convention has decided to observe  two days’ strike during the budget session against the policies pursued by the present Government.

2.         The attacks are mounting on the working people in various forms. The sustained of the farmers for the one year and also sacrifices made by them during this period by them brought them a sigh of relief partially. Such a strong resistance should be developed by the banking workforce to withdraw their bill slated to be tabled in the Parliament.

GET READY FOR  THE  STRUGGLE  and  participate in the agitations organized by the CTUS in the respective states

Yours Comradely,







11TH November 2021, Jantar Mantar, New Delhi


The National Convention of Workers being held on 11th November 2021 at Jantar Mantar, New Delhi at the initiative of Joint Platform of Central Trade Unions and Independent sectoral All India Federations and Associations calls upon the working people to heighten the ongoing united struggles to the level of resistance against the desperate pursuit of anti-worker, anti-farmer, anti–people, pro-corporate and anti-national destructive policies by the Govt of India which has brought the lives and livelihood of the entire people and the country’s economy to the brink of disaster. The Struggle now is not only to save the rights and lives/livelihood of people but also save the country’s economy and the entire democratic system and the society as a whole from disaster and destruction being engineered by the authoritarian  forces in governance with the active support of private corporate, both domestic and foreign.

The situation has been deteriorating, from bad to worse. Phenomenon of increasing unemployment has been competing with faster pace of job-losses arising out of destruction and extreme degeneration of existing employment and livelihood-avenues, throwing not only the working people in rural and urban areas but also the entire youth-student generations in a situation of futureless destitution and desperation. The earnings of  overwhelming majority of people has been pushed below the human-survival level : during the two-three months of the second wave of Covid in April 2021 onwards, the earnings of 23 crore workers have been pushed down to much below the prevalent statutory minimum wage level which has  already been below the standard for human survival.

As a consequence, intensity of hunger, that too among the working people, has increased alarmingly, bringing India further down to 101st  rank in Global Hunger Index out of 107 countries and our country is trailing much behind our neighbouring countries in that regard.

Each and every policy drive and action of the present Govt at the centre is aimed at continuously squeezing the human survival entitlement of the people only to benefit the handful of private corporate, both domestic and foreign and may be those in governance. Even health services entitlement has not been spared by the privatization-deregulation spree of the Govt as has been witnessed in the procession of deaths during the pandemic, particularly during second wave when common people died more for want of oxygen, hospital beds and medicine than due to Covid itself. The Govt had in the initial stage thrown the mass-vaccination also in the hands of private and market forces, but subsequently have to retreat owing to pressure of public opinion. Still 25% of vaccine was left for private procurement and profiteering. 

In midst of such widespread impoverishment and hunger, pushing almost half of the populace below the destitution level poverty line, prices of essential commodities are skyrocketing to unbearable level. Price rise is not just happening, it is being made to happen by the Govt’s atrocious discriminatory taxation and other policies, only to benefit the small big-business/trader/corporate section of society.The prices of petrol, diesel, cooking gas and other fuels are increased almost on daily basis by the present reckless taxation regime which is having cascading impact of price rise in all other commodities and public transport and other services. Almost half of govt revenues are coming from taxation on fuel. High indirect tax-rates through GST mechanism on essential daily requirements, increasing user charges of almost all public utilities including health, medicine, education etc are further adding fuel to fire—all contributing to increasing intensity of hunger and distress among the mass of the people.

Simultaneously and shamelessly enough, the Govt of the day has been continuously lowering the corporate tax rates, abolished wealth tax, declaring moratorium on payment of charges/taxes payable by corporate and also moratorium on debt repayments by the same willful defaulter corporate/big-business community, who actually gained a fortune during this crisis ridden pandemic period by way of increasing their wealth by more than 40 per cent—all at the cost of misfortunes and miseries being suffered by majority of working population. The distribution of GDP, created by the working people only, is   brazenly discriminatory against them, with the richest 1% cornering more than 70% of the same and lowest 50% of populace getting less than 10%. The Govt has in fact waged a war against the common people only to serve their corporate masters. Its arrogant refusal to meet at least the basic human survival requirement of the common people by way of free ration and a bare minimum income support of Rs 7500/- per month to all non-income-tax paying households as demanded by the joint trade union movement, drastically curtailing MNREGA, ICDS and other Social Security allocations on the pretext of their coffers being empty, are all reflections of such inhuman criminality.  

In the midst of this horrifying situation for the country and the people, the Govt. at the centre has been hastily pushing through its project of all out reckless privatization through multi-pronged routes of all national productive assets and PSUs including mineral resources, financial institutions like banks and insurance, security sensitive sectors like defence production and major Ports, petroleum and natural gas, Railways, Airlines & Airports, Electricity, Steel, Engineering, Highways, telecom and postal services, selling 500 coal blocks and what not. And to facilitate privatization and at the same time to benefit the debt-defaulting corporates, the Govt. has legalized pilferage of banks fund by them through debt-route by enacting Insolvency Bankruptcy Code, 2016 and further amending it which allow the debt defaulter to move free without repayment of large part of their debt and compel the banks to forego the amount in the name of “haircut”. It is to be noted that the Workers involved in such cases are not allowed any representation in the decision-making process. The latest move is the amendment of the Bank Nationalisation Acts for privatizing the banks in favour of the same defaulter-corporate community, for which the Bills are going to be introduced in the forthcoming Winter Session of Parliament. 

  The audacity of privatization has gone to such heinous extent that in its latest move, Govt has decided to handover almost all infrastructural assets, built by public funds over past seven and half decades, to private hands, virtually free of cost, for making money out of the same, in lieu of its minority shares to Govt. It is called the National Asset Monetisation Pipeline project (NMP). Besides loss and destruction of these infrastructural assets, this will inevitably increase the burden on the people through reckless increase in user charges by those private corporates for free fortuitous profit without any investment.   Can criminality and cronyism go further ? Or should such plunder of our national assets be allowed to happen? This process is also taking away constitutional right of reservation in government jobs for Dalits, tribals and other downtrodden sections of society. 

Privatisation spree is not limited to production and services sectors alone. Through mass scale contractorisation and outsourcing of work in most of the Govt departments and administration, entire governance system is being planned to be privatized. In fact the slogan of the Modi Govt for minimum Government and Maximum Governance is being executed by privatizing the entire government machineries and establish the absolute grip of the corporate class on the entire governance.The employees movement in central government and state governments and also the municipal administrations in most of the states are  facing this onslaught.  And the pension/social security savings of the people and employees are not being spared from such exercise of loot by private corporate. The Govt employees, both in central and states have been subjected to tremendous loss through the National Pension System (NPS). This was also made applicable to common people through contributory mechanism. Now the entire fund with NPS, both for the Govt employees and people are being taken out of the supervision and regulatory control of Pension Fund Regulatory and Development Authority(PFRDA) by amending PFRDA Act in order to put the entire NPS fund under a corporate entity or a Society registered under Societies Act with virtually no Govt control, thereby leaving the huge amount of pension/social security savings of the employees and the people for boundless speculation, endangering even the  meagre pension available under NPS. Under neoliberalism, the spree of loot and plunder of people can go to any nefarious extent.

In the same brazen fashion, country’s agricultural sector, providing livelihood to more than 60% of our population is being sought to be plundered in favour of handful of corporates through enactment of three Farm Laws- designed for ultimate corporate take-over of land and entire agricultural sector. The Food security of the people is going to be a big casualty, besides promoting essential commodity speculation to an atrocious extent, contributing to unmanageable inflation and price rise terribly affecting the entire population, not merely the agricultural community which will be the first victim. 

The working class movement is fully aware of this atrocious and destructive policy regime and has been struggling against it continuously since the very beginning. And Farmers organizations and their joint platform have also been fighting against these policies; and their almost year-long historic struggle around the borders of Delhi demanding repeal of the Farm Laws, the Electricity (Amendment) Bill and enactment of statutory MSP and other issues with simultaneous joint agitations and actions throughout the country along with the workers and trade unions have changed the dimension of the united struggle of the entire people against the anti-national destructive policy regime to a new height. The Govt has remained arrogantly unresponsive.  Farmers struggle is going on combating all offensive by the Govt and its agents, latest being the killing of farmers at Lakhimpur Kheriallegedly by a Minister’s son against which the workers and peasants of entire country have registered strong countrywide protest. We, the workers and peasants’ movement together, must carry forward this struggle to its logical conclusion of decisive defeat of this retrograde policy regime, their perpetrator corporate class and their agents in governance. “To Save the People and Save the Nation” must be the battle cry of our Mission India. 

There are challenges before the working class movement no doubt. But we are carrying on our united struggles combating those challenges.

Along with the destructive authoritarian measures in economic policy front, the Govt has been overactive in gradually demolishing the democratic governance structure, trampling underfoot all constitutional norms, including basic parliamentary provisions as well. Most retrograde UAPA has been enacted and any opposition and dissent to their policies is sought to be suppressed by the Govt through arrests, detention under sedition clause, and reckless abuse of CBI, ED, NIA etc, thereby creating  a reign of terror. Simultaneously the machinations by Govt sponsored communal divisive forces have been acting overtime to divert peoples’ attention to non-issues and divide and polarize the people on communal-casteist-divisive lines.

Labour Codes are enacted by way of repealing 29 existing labour laws and the Codes are aimed at completely demolishing and altering working conditions, rights at workplace and trade union rights in favour of the employers’ class. The Govt. has further gone ahead in enacting Essential Defence Service Act in further curbing and over-riding the provisions on right to collective agitations and strikes in defence production while empowering Govt. to extend such prohibitory curb to any segment of industry and service on the plea of its linkage with defence sector production. It was nothing but a design of imposing conditions of virtual slavery on the working people to ensure “ease of doing business” for their corporate masters, both domestic and foreign. The rules of labour codes which have in many cases gone  further beyond the provisions of Codes in curbing labour rights, are being unilaterally finalized ignoring the opposition and pointers by trade unions by the central govt and also in many states,

In such a situation of ongoing authoritarian machinations of the entire governance, the governance of the economy, political system and the entire society as such, Working People must heighten their united intervention to demand a halt to this process of assault on lives and livelihood, employment, alarming intensity of impoverishment and hunger, assault on democracy and also unity of the people and thereby save our dear nation from disaster. The Joint Platform of Central Trade Unions have to take the frontline and decisive role to build towering resistance to this destructive and disastrous corporate driven regime. We have to demand from all political parties of the nation to incorporate “protection of right to work, living wage, free quality health and education to all citizens and all legitimate constitutional rights” in their political manifestos for the coming assembly elections in 2022 and for the elections scheduled for 2024 and take oath publicly to fulfill their assurances and to support the demands of workers, farmers and all people of the country if they come to power. The sudden drop in petrol/diesel prices now has more to do with debacle faced by the ruling party in the centre in the recent by-elections than the crises faced by the people. Now it is the turn of the ruling regime to find itself in crises in the coming period. We have to heighten our struggle resolutely pressing for our demands, particularly for

  1. Scrapping the Labour Codes;
  2. Repeal of Farm Laws and Electricity (Amendment) Bill,
  3. No to Privatisation in any form and scrap the NMP;
  4. Food and Income Support of Rs 7500 per month to non-income tax paying households;
  5. Increased allocation for MNREGA and extension of Employment guarantee Scheme to urban areas;
  6. Universal social security for all informal sector workers;
  7. Statutory Minimum wage and social security for Anganwadi, ASHA, Mid-day-meal and other Scheme workers;
  8. Proper protection and insurance facilities for frontline workers serving the people in the midst of pandemic;
  9. Increase in public investment in agriculture, education, health and other crucial public utilities by taxing the rich through wealth tax etc in order to revive and revamp the national economy;
  10. Reduction in Central Excise duty on petroleum product and concrete remedial measure to arrest price rise. 

Along with other demands already formulated and being pressed for by the Joint Platform of CTUs and Federations/Associations.

The Programme of action:

Massive Demonstration on 26th November 2021 throughout the country on the completion of one year of last countrywide general strike against the anti-people and anti-national policy regime and the historic Farmers March to Delhi. Effort should be made to coordinate with the peasants’ organizations to have joint demonstration wherever possible.

State level joint convention in all the states to plan for further joint activities including district/area level joint conventions during November/mid-December

Joint meeting of public sector unions

Intensive and extensive joint campaign against the policies up to the grass root level through joint meetings, general body meetings, signature campaign and any other forms to be decided at state level during December,2021 – January, 2022.

State/District/sector level agitations through rallies, demonstrations, jathas, day-long dharna, multiple days mahapadav (continuous dharna) etc to rouse the people for strike action till Mid January 2022

Two days countrywide General Strikes during the Budget Session of Parliament in 2022. (dates to be decided)

The National Convention calls upon the working people and people in general to make the two days countrywide General Strike a massive success to further heighten the ongoing united struggle to “SAVE THE PEOPLE AND SAVE THE NATION”.




And Independent Sectoral Federations/Associations


Circular No.16/VII/2021

August 31, 2021




PROCEEDINGS OF THE 6TH Central Committee meeting



The Central Committee meeting, as per the notice issued, was held at our Tarak Institute of Banking and Trade union Research, RJS Bhavan, Mamallapuram on 28th and 29th August 2021. The hoisting of our organizational flag was jointly done by Com. Alok Khare Vice Chairman and Com A.N. Suresh, President of AIBOA, followed by the floral tributes to the legendary leader of the Bank Employees’ movement Com. Tarakeswar Chakraborti and also to Com. RJS the leader of our organization, participated by all members. Thus, the commencement of the session was set in motion.


         Com. Alok Khare, Vice Chairman, Com. A.N. Suresh President, Com. S.A. Sridhar and Com. Arvind Porwal Vice Presidents constituted the joint Presidium for the meeting.


3.      IN MEMORIUM:

         The house observed the one minute silence in the memory of departed leaders, comrades and also citizens:

·            Com.K.R.Gowri Amma, Outstanding Women leaders of the Country and former Minister of Kerala.

·            Sri. Kalyan Singh, Former Chief Minister of Uttar Pradesh.

·            Com. Joginder Singh Doyal, prominent National leader of Youth and farmers in Punjab.

·            Com. C.P. Kurian Veteran TU and CPI leader of Kerala.

·            Com. Rajen Mishra, doyen of Indian Classical Music.

·            Guru Chemancheri Kunhiraman Nair, Kathakali Maestro.

·             Milaka Singh, sprinter and also Olympic medalist.

·            Hussain Lala former football player.

·            Com. P. Sethuraman, veteran TU Leader in Madurai.

·            Com.Ramnath Chakraborti Militant Leader of Bank Employees In Jharkhand

·            Com. S.R. Kulkarni, former Chairman of AIBRF.

·            Com. K.D.Bhandari former Vice President of AIBOA.

·            Com.Narendra Kotiawala, DGS AIBOA,

·            Com.M.R.Pandya Joint Secretary AIBOA

·            Com.K.J.Ramakrishna Reddy General Secretary of Kotak Mahindra Bank Employees Union.

·            Com. K.K.Anand founder member of AIBEA in J & K.

·            Milkha Singh – Legendary Sportsmen

·            Dilip Kumar – Noted Film Actor

·            Bankmen &their family members who lost their lives during Corona pandemic.


         The minutes of the 5th Central Committee meeting which was held at Nagpur on 13th and 14th February 2021 to celebrate completion of 40 years of purposeful existence was presented by Com. V. Ramabhadran, Secretary AIBOA to the house. The same was adopted by the house with an addition of the donation of Rs 25000/-made by Kotak Mahindra Bank Officers Association to the unorganized trust.


 Dr. Kumar Arvind, Com. Vinod Bakshi Vice Presidents, Com.I.Harnath, Secretary, Com.Ajoy Kumar Routray, Com.Tapan Sarkar, Com.D.N.Trivedi, Com.Rajesh Tiwari Joint Secretaries have sought leave of absence due to personal and health reasons.

         Com.V.P.Ponkshe, Com.Nirmal Singh Virk, Com. K. Sathianathan, Com.M.S.Jaishankar and Com.S.K.Shengar Advisors have expressed their inability to remain present in the meeting.

         The Central Committee members from Assam, New Delhi, Jharkhand, Kerala, West Bengal, Tamil Nadu, All India Federation General Secretaries Viz; Com. Devidas Menon, Com.Sandeep Akhouri, Krishna Kumar and Praveen Goel could not attend due to travel restrictions in the respective States due to COVID 19 as well as some personal commitments.

The house granted leave of absence to them.


         The C.C. meeting noted that the observance of two days All India Strike on 15th& 16th March, 2021, called upon by AIBOA along with other constituents of UFBU to oppose Government’s policies of Privatisation of Public Sector Banks was highly successful with younger generation participating with whole hearted enthusiasm. However, the momentum generated could not be carried forward by observing other decided programs mainly due to resurrection of 2nd wave of Corona pandemic and consequent restrictions. Government however keeps merciless persuation of its anti-people, anti-worker, privatization agenda, manifesting in its policies. All kinds of concessions are continued to be extended to monopoly houses while the desired steps to support economically weaker and downtrodden sections, generate employment and curb rising prices have been blatantly lacking.  The house had the benefit of a brief presentation about the attitude of the Government at the center in the matter of handling the Farmers’ Struggles, Corporatisation of defense sector, banning the strikes of the defense sector unions, power sector employees’ agitation and passing the bill of privatizing the General Insurance Corporations amid chaos in the Parliament and Cabinet approving IPO of LIC for Government ownership dilution were significant developments in our Country. Parliamentary committee on Sub-Ordinate Legislation directing the Institutional Heads of five banks to appear before them on 30th June 2021 was also reported. The fast forward steps of the Government directing the LIC to exit from IDBI coupled with appointment of auditors for valuation exercise was also presented.

         The matter of early clearance of already settled Family Pension improvement and hike in NPS contribution were repeatedly taken up by our organization in various fora.The family pension of 30% without ceiling w.e.f. from 1.04.2021 and the NPS contribution of 14% from the management side with effect from 11.11.2020 was finally cleared by GOI on 25th August 2021.

         On up-dation of Pension, AIBOA reiterated that the formula adopted by Government of India in considering the Up-dation in RBI, should be made applicable with effect from 05.03.2019 and merger at 4440 points to the Bank retirees.

         AIBOA has also made its demands/suggestions to IBA regarding improvement in Medical Insurance Scheme, Pension updation and expeditious disposal of other issues pending at their level.

         Finally, the CC Meeting lauded the role and contribution of our banking fraternity in keep serving the Nation and its people in spite of all risks and hazards during Corona 2nd wave even though the Government support was not adequately available.


         The whole spectrums of developments are interwoven with each other i.e.Privatisation, Merger, UFBU and Co-ordination. To involve the GENNEXT in the ongoing struggles, the steps that are to be initiated by the units: Educate, Engage, Encourage, Empower and Elevate. The submission made by twenty-three speakers were converging to a single point ie; continue the preparation to combat the attacks on the Industry and involve the beneficiaries of the Bank Nationalisation through various programs suitable to their area of operations. Co-ordinated programs are also to be executed with more seriousness.


         Com. R.K. Mahendru, General Secretary AIOBOA expressed that the MOU inked on 13th June 2020 with AIPNBOF could not be implemented so far with required emphasis pertaining to the reorganization of the units and also representatives. He stressed that the meeting as was scheduled to be held after Nagpur CC should now be held on priority with the participation of all three units. Com.Nirmal Kumar Dutta, General Secretary UBIOEA expressed the process of amalgamation of the three units should be taken forward at the earliest.

         Com.R.Jawaher, General Secretary IBOF explained the steps taken by the organization right from 31.01.2021 for the amalgamation of AIABOF with them and also the difficulties that have delayed the completion of the exercise.

         Com.D.S.Ganesan, General Secretary AIUBOSA, expressed in clear terms that the total amalgamation of three affiliates in Union Bank, Corporation and Andhra Bank will be completed by the first quarter of 2022.

8.      Amendments to the Byelaws of our Organisation :

         Com. Anil Kumar, Convenor of the Bye-law committee reiterated his observation that the affiliates should strengthen State committee with membership as well as fulfilment :of the financial obligations in full measure. In the absence of response to the suggestions made twice, he informed that the units are take up the tasks as immediate and important in the background of the ensuing the 8th Conference of our Organisation. The committee would finalise its recommendations in next few months.


         As decided in the 5th Central Committee of AIBOA, levy on the wage revision @2% on net of taxes should be collected without any exception from members by the Affiliates. Out of the 1% share to be shared between Apex organization and state committees, the following units have so far remitted in full.

·         Punjab National Bank officers’ Association Kerala remitted the collection.

·         Canara Bank officers’ Union remitted Apex level share as well as the State committee Share, which was sent to State committees by AIBOA.

·         Kotak Mahindra Bank Officers’ Association has remitted the share to Apex and the list has been submitted of the states’ eligible to receive their share from Central Office.

·         All India Union Bank officers’Staff Association has remitted the collection to Apex as well to State share.

·         Bank of Baroda Officers’ Union has remitted amount received from the members, as the check off system has not been restored in the Bank due to Court Case pending for final disposal.

·         All India State Bank of India Officers’ Coordination Committee remitted the levy as well as the subscription.

·         Bank of Maharashtra officers Association has paid ad-hoc amount of levy.

·         United Bank of India Officer Staff Association has paid a token amount of levy.

·         Central Bank Officers’Union, Tamil Nadu, as per the past practice adopted by AICBOA Units in the past 2010 and 2015 remitted the share to apex as well the share to State.

10.    Submission of Accounts for the year ended 31.12.2020.

         The audited accounts for the year ended 31.12.2020 was presented by Com.R.Jawaher, Treasurer, which was adopted unanimously with the following sanction by the Central Committee.

         [i]   The amount shown as due from AP State Committee in the Accounts of the purchase of the office in the joint names AIBOA and AIBOA(AP&Telangana)State Committee treated as Donation to the State Committee.

         (ii)  The franking machine shown after depreciation of Rs 8080 has to be written off due to the system changed to electronic one. The CC approved the proposal unanimously.

         Future Programs :

         The following broad consensus decisions have been arrived at from the inputs shared by the participants drawn from16 state committees and 10 Affiliated units during over fourteen hour’s discussions in two days.

1.    The struggle against the Privatisation of Banks should be vigorously taken up by the units by involving the beneficiaries of the Bank Nationalisation by drawing the programs at unit /State level/All India level.

2.    The CC confirmed the steps initiated to extend whole hearted support to All India IDBI Officers’ Association, in fighting back the privatization move of IDBI, by Government of India.

3.    The signature campaign which is muted one to be taken up at the branch level and the customers across the counters to be approached to be part of our struggle.

4.    Social Media Campaign should also be taken forward to propagate our organizational stand on Privatisation of Banks.

5.    Officers are to be advised specifically not to respond to the SMSs received from their Administrative heads between 8.00P.M. and 8.00 A.M should not be responded as the same is meant for personal and family purposes.

6.    The meeting of representatives of three affiliates in erstwhile OBC and United Bank with PNB will be held in Consultation with the three affiliates as a prioritized exercise.The contents of the MOU drawn on 13th June 2020 will have to be kept in mind.

7.    The representatives of IBOF are to engage themselves to finalise the blue print drawn on 31st Jan 2021 with AIABOF at the earliest.

8.    The AIUBOSA to complete the process of amalgamation at the earliest with our affiliates in the e-CB and e-AB and not later than 31.03.2022.

9.    The affiliates are advised to clear the financial obligations to State Committees and also Apex level. Non- payment of levy and subscription by affiliates shall certainly attract organisational action as decided in the Nagpur CC.

10.  The affiliates and state committees are to consult their Central Committee and forward their suggestions pertaining to the Byelaws of the Organisation with specific emphasis for strengthening of the state committees with Human as well as financial support for effective functioning, representation in the CC members from State Committees etc within 15 days.

11.  The office purchased in the name of AIBOA and AIBOA (MSC) shall have to be inaugurated at the earliest and not later than the Second week of October 2021.

12.  The induction of youth in the trade union activities by conducting a training on trade union education, as decided in 5th Central Committee at Nagpur, will be taken up for its implementation after collecting the inputs from the State committees and affiliates of the earlier exercise carried out at Hyderabad in December 2016.

13.  The state Committees are directed to take up the assignment of holding their state conferences in a systematic manner in consultation with Central Office AIBOA.

14.  The venue and date of the 8th Conference of our Organisation shall be decided by the Secretariate and in due course.

15.  The defunct coordination committee at the Apex level has to be revived to strengthen and also to draw the plan to repulse back the attempts of the Government at the centre of their policies related to our industry in particular and common people in general at the earliest possible.


Com.D.S.Ganesan, General Secretary AIBOA-Tamilnadu State Committee and Secretary of AIBOA proposed the vote of thanks for the active participation of the members of the Central Committee for arriving at definite decisions for implementation.

The meeting concluded at 14.45 hrs on 29th August 2021.

Yours Comradely,



Circular No.15/VII/2021
 July 19, 2021






The Nationalisation of the Banks on the 19th July 1969 was a turn of events in the annals of the political history of our Nation.

2.         Looking back to the developments, even before the independent India was born, the Indian National Congress in its Karachi session, the founding fathers felt the need of prioritizing the steps to be taken by the Government was the Nationalisation of the Banking Industry. What was the purpose? Our Industry, which pools and collects the savings of the People and these savings, should be available to those who need the same. As long as our Industry was in Private sector, this philosophy was never pursued.

3.         On 19th July 1969, the fourteen nationalized banks had a paid-up capital of Rs 28.60 crores and reserve fund amounting to Rs 38.57 crores. The deposits with the Banks totaled Rs 2741.75 crores and had investments worth Rs 781.64 crores. Statement made in the floor of the Parliament on 29th July 1969 by the Prime Minister was:

The financial stake of the shareholders of a bank is almost negligible. The paid - up capital and the reserves constitute hardly 2.4% of the deposits. As against a total deposit of nearly Rs 2750 crores of these banks at the end of December 31, 1968, the paid-up capital was only Rs 28.5 crores or just a little over one percent. The bank managements were thus operating almost exclusively with other people’s money-

4.         The Liberalisation, Privatisation and Globalisation (LPG) policy pursued by the then Government at the center and succumbed to the market forces had to announce one Public Sector Bank viz. New Bank of India merger with another Public Sector Bank PNB ON 6th September 1993.

5.         Reform reflection: The process of disinvestment of Government equity started from State Bank of India in 1992-1993. The workforce was enticed to own the shares of the Bank and they were granted loan at a cheaper rate of Interest. Then followed OBC and the same exercise was carefully carried by the management.


6.         Public Sector Banks are the saviors: Bank of Baroda, State Bank of India, Union Bank of India, Punjab National Bank, Oriental Bank of Commerce and the IDBI Bank Ltd had taken over the Private Sector banks viz: Kashinath Seth Bank Ltd, Barelley Corporation Bank, Sikkim Bank ltd, Banaras State Bank Ltd, Nedungadi Bank Ltd, Global Trust Bank, IDBI bank ltd and United western Bank between 1995 and 2006. The common men savings in these banks was thus secured by the Public Sector Banks.



As per the latest data available, out of 42 crores accounts under Jan dhan Scheme, 40.75 crores accounts were opened by Public Sector and RRBs. Rs 1.39.864 crores is the amount collected under the above scheme. More than, half of the beneficiaries are the women. The workforce deserved congratulations for their efforts to make the scheme a successful one.

8.         The role of public sector banks in moving the wheels of the economy of our nation needs no further elaboration. When the country is saddled with the health emergency, like any other frontline warriors (FLW), the workforce in the Bank stood the test of the times and implemented various measures announced by the Government from time to time. The sudden announcements of mergers of Public Sector Banks by the Hon’ble Finance Minister was bolt from the blue. The technological glitches occurred had driven the customers to other financial Institutions including Private Sector Banks. The creation of Small Banks and Payment Banks are certainly going to be like any other private Sector Banks. ‘Yes Bank’ bail out operation by SBI was another example in the current period.


Indian Banking System had moved into market driven competition. The dynamics of diverse markets and consumer preferences are now dictating the drivers of growth in business. With ever increasing expectations of the customers for new products and service, the Banks are forced to innovate on an ongoing basis new product and services coupled alternative delivery channels suiting to the needs of the customers using the state of art of Technology. Internet is the engine for Banking growth and e commerce shall be the preferred tool for the customers.

10.       The new challenges are: change in the composition of the workforce, disruptive technology, burgeoning bad loans and Government’s policy of Bank Privatization.

We hail the role played by the Public Sector during the 52 years. We are to preserve it intact.

To Conclude: 

Every problem is a challenge:
Donot seek to run away from it.
Face it with courage and faith and walk like a man.

Yours comradely,



Circular No.14/VII/2021

July 9, 2021





IBA has invited the constituent unions for a preliminary discussion on the captioned subject on 8th July,2021. The meeting was conducted through VC. Our organization was represented by Com. Alok Khare, Vice Chairman in the discussion. The circular issued by the Convenor UFBU is reproduced for the information of the officers.

Yours comradely



“Units and members are aware that under our 10th Bipartite Settlement/Joint Note achieved in 2015, a Group Medical Insurance Scheme has been introduced both for the in-service employees and officers as well as for the retired staff and these Policies have been getting renewed every year since then.  This year’s policy also needs to be renewed from October/November, 2021.  While IBA has initiated the process for such renewal, they wanted to hold a meeting with UFBU to elicit our views and suggestions based on the experiences and feed back received from our unions and members. 

Accordingly, IBA convened a meeting today through Google Meet App.  All constituent Unions of UFBU participated in the meeting.  IBA was represented by Mr. Gopal Murali Bhagat, Dy. Chief of IBA, Mr. Brajeshwar Sharma, Sr. Advisor-HR&IR, IBA, Mr. S.K. Kakkar outgoing Sr. Advisor, HR,  and CGM/GM-HR of PNB, BOB, Canara Bank, Union Bank of India, Bank of India, Indian Bank and Karnataka Bank who are members of the Sub-Committee dealing with this issue.

Initiating the discussion, the IBA informed us that they are in the process of finalising the rates of premium for the ensuing year based on the quotation/offer from National Insurance Company and if there would be any increase in their quote over the current year’s premium, they would float fresh tender seeking quotation from all others.

In this background the IBA wanted the viewpoints from our Unions.  From our side, the following points were raised and taken up during the meeting. 

        The Group Medical Insurance Scheme should be continued.

        Accordingly the policy should be renewed further.

        If possible, the renewal may be for 2 or 3 years in one go.

        At the time of introduction of the Scheme, it was assured that more and more hospitals would be tied up for cashless facility.  This should be followed up with Insurance company and TPAs and more number of hospitals should be covered by cashless facility, particularly in smaller cities and towns so that employees are not required to travel to bigger cities for treatment.

        Wherever cashless facility is not in place in a hospital where an employee/officer is getting admitted for treatment, then some advance amount should be made to him/her to deposit the same with the hospital as may be  required by the hospital concerned.

        TPAs have to be strengthened and TPAs should be advised to settle the claims within a timeframe failing which, penal conditions should be made applicable.

        Medical expenses reimbursement is to be treated as a welfare measure and not as a business opportunity for the Insurance Company or TPAs.

        Proper information/details should be made available to the claimant employee about the claims settled and items rejected, etc.

        Management should enable help desks to follow up the claims with the TPAs for expeditious settlement.

        Bank-level Committees of management, TPA and Union should be set-up to take up and resolve the issues pertaining to delay or non-settlement of claims or disputes on claims, etc.

        The flexible options available under the Retirees Scheme should be continued.

        Premium under Retirees scheme to be reduced by finetuning the scheme.

        A portion of the premium payable by the retirees should be subsidised by the Banks under respective Staff Welfare Schemes.

        Apex Unions to be periodically provided details of claims settled, Claim-settlement ratio, etc.

        Utilisation of Buffer amount to be made more transparent.

        Ex-gratia of Rs. One lac payable for major ailments should be paid immediately on claim as delay defeats the purpose of such ex-gratia.

        New types of treatments being suggested by Doctors and hospitals to be included in the Policy for reimbursement.

        Problems of pending claims at the time of change of TPAs to be addressed and resolved.

        Tracking system to be introduced to follow up pending claims.

        Existing coverage of Rs. 3 lacs/4 lacs to be revised upward.

        In view of present pandemic situation, special provisions like cost of treatment during home quarantine/isolation period to be included for reimbursement.

        IBA to take up with the Government for exemption of premium amount from GST.

IBA took note of these suggestions and assured to keep these points in mind while further processing the renewal of the Policy.  IBA also requested us to inform them of any further suggestions to further make the implementation of the Scheme more employee-friendly.

Improvement in Family Pension/NPS :  During this meeting, we pointed out to the IBA that there is undue delay in the approval of the agreed issues i.e.        1) improvement in Family Pension and 2) enhancing Banks’ contribution to 14% under NPS.”                                                          


Circular No.13/VII/2021

June 25, 2021






The Government at the centre is hell bound to sell the family silver ie Public Sector undertakings and also the Banks, to mobilise to fill the coffers with Rs.1.75 lacs crores, by hook or by crook. Our Nation is passing through one of the worst times in the history of Health emergency as well as economic emergency.

2.         The Banking workforce, as Front Line Warriors(FLW), the recognition accorded by the Parliamentary Committee, encountered precarious situations and discharged their duties to the best of their abilities, in carrying relief measures extended by the Government, in various forms. During this period the number of deaths of the workforce, was hovering round 1500, leave alone the family members affected by the dreaded disease, which has new variant character. The second wave is yet to be brought to rest, in the meanwhile, the sudden development in its spread is also causing concern.

3.         Industries are struggling to perform.    The industrial growth is faltering. Value of Index of Industrial Production is certainly discouraging. The data rolled out by couple of expert studies provide that the situation is not comfortable. The migrants who had to get back to their natives in the first wave time, there also spread has increased due to non adherence to social distancing and other protocols specified by the health ministry.

4.         As per the information available, a meeting of Committee of Sub-ordinate Legislation Lok Sabha, was to meet four Institutional heads in the fourth week of April,2021, which was postponed. The points references are:

a.         Examinations of Regulations formed under Section 19 of Banking( Acquisition & undertakings) Act 1970

i)          The administrative/management Structure of the Bank and its overall functioning.

ii)         The capital Structure of Banks.

5.         The budget presented in the Parliament categorically expressed privatisation of two public sector banks and also of Insurance Company. The banks that are not in the radar of the Government, so far are:

[1.] Bank of India, [2.] UCO Bank [3] Bank of Maharashtra, [4].Punjab & Sind Bank, [5].Central Bank of India and [6.] Indian Overseas Bank.

Out of the six banks, IOB and CBI are under Prompt Corrective Action classification of RBI, where restrictions on lending as well as on Branch expansion have been imposed. The performance indicators are also not promising, as per print media. 

6.         The huge bad loans in IDBI Bank, owned by LIC and Government of India, to a tune of 97% of the equity, is in the process of forced exit from the present category. This Institution, established by the Act of Parliament in 1964 as Developmental Financial Institution(DFI)facilitated to provide infrastructure finance to develop the nation its economy. But the owners are seldom bother about the legacy of this great Institution and its contributory role. The top four bad loan accounts constitute nearly 13500 crores out of the total bad loan amount of Rs 50000 crores. The role of NCLT and the IBC mechanism are not worth mentioning.


The loans lent to 7 borrowers namely: 1]. Essar, [2.] Bhushan Steels, [3] Jyothi Structures [4]. Electro Steel, [5]. Ispat, [6.] Alok Industries and [7] Videocon availed a total sum of Rs 2,21,320 crores as loan  &

NCLT gave remission ranging from 94% to 23%. The total loss suffered by banks is Rs.124184 crores ie 56% waived.

8.         Punjab and Haryana High Court’s Observations:

The bench consisting of Hon’ble Justice Jitendra Prasad and Hon”ble Justice Vivek Puri,observed that:

“Privatisation is not the panacea for all its ills, Public Sector undertakings were created by Government of India to make a self sufficient Nation.”

“ To achieve this ideal of the Constitution as wished about, by one of the makers of this country, especially in a precarious times that we live in, it becomes imperatives upon the administration to safeguard such Institutions that protect the livelihood.

9.         THE WAY FORWARD: The bill, is likely to be placed, before the Parliament, in the ensuing session. If we have collectively conducted a Public Campaign and made the Government(NDA 1.0) to withdraw the FRDA bill, with the same force, we should make all out efforts to stir up the  citizen’s of the country to stand along with us to make the present rulers to reverse their approach of selling the family silver instead of taking severe actions against the loan defaulters. The only course available to the workforce to Save Public Undertakings /Banks is to Struggle unitedly with the beneficiaries of the Public Sector Banking.

10.       We concentrate in our campaigns, which is restricted due to covid-19 second wave not to get disturbed with the print media reports appearing in different dates in different parts of the country.

Yours Comradely




Circular No.8/VII/2021

April 19, 2021To:





Trade unions are instruments for social change. It has been an established fact that in the Banking Industry, 
the trade union established in the river banks of Hooghly on 20th April 1946, brought tremendous changes in the Financial world. Our Nation was built by the Public Sector undertakings ably supported by the Public Sector Banks during the fifty-two years of consistent and constructive cooperation to the development.

2. The developments during the seven and half decades of the Organizational Journey, important lessons were learnt. Failure of private entities in the Kerala State triggered the demand for Nationalization of Private Banks. The service conditions of the Bank employees spread over the country were forced to be unified before the tribunal hearing at the Financial Capital of the Country. Judicial intervention in reduction of Pay in a Bank in the State Bengal gave rise to a Strike Call to establish the resistance movement and also termination of the leader and terming the Strike Call as illegal. The State power directly intervened to curb the right to strike. The result of the Strike was emergence of a leader par excellence. The foreign Bank management lost one of the best bank employee but Nation got one of the best Parliamentarian for a decade. One of the recognized and identified leader was Com.Prabhat Kar. The call for the halt of tribunalisation was demanded and achieved through conclusion of negotiated settlement by the first bilateral understandings between the workers’ representatives and owners of the Private banks through IBA 0n 19th October 1966.

3. For giving true expression of collective dissenting voice against the unfair labour practices, Com.H.L.Parvana, an officer by designation was dismissed by the erstwhile private entity Punjab National Bank. He fought very many battles to secure the recognition for the trade unions in our Industry relentlessly. The remarkable one was the reinstatement of the employees numbering more than 150 in 1961 after nine years of struggles in the tribunals. He was one who was instrumental in synchronizing the demand of Nationalization of Banks with the political approach of the then ruling party and the made tremendous efforts to win the demand, the dream came true. A political turmoil was set in motion by the timely move of the trade union.

4. Com.H.L.Parvana, with broad social outlook of making the banking available to common man of this country did pilot the concept of workers participation through appointment of Workmen Directors in the Banks’ Board, which was made as a part of the BR Act 1972. He was the one to sow the seed of thought process of Credit plan as well as the development of the society to have the credit available to lower segment of the society. The bank employees’ movement received a body blow on his untimely demise 0n 18th April 1975. He was hardly 52 years of age.

5. Our Nation had the bitter experience of the Emergency in the last week June 1975. The organization and also leaders of the organization, who were respected by the ruling dispensation in 1969, were subjected to harassment and humiliations. As the saying goes, TRUTH SHALL PREVAIL, late Com.Prabhat and Com.D.P.Chadha, were given a clean chit by commission appointed to go into the details of emergency excesses.

6. The volume of transactions handled by the Banks by human hands was huge. The transformation exercise in the working system in the Banks were in active consideration by the unions and Banks. It was the leadership of Com.D.P.Chadha, the President of AIBEA, who was the architect of introducing, restrict use of technology through a negotiated Settlement.

7. The much-debated issue of Cradle to Grave, i.e. Pension in lieu of Provident Fund., demanded by Late Com.P.K.Menon, the then President of AIBOA was ultimately accepted by the organization after examining the issue by two committees appointed by AIBEA. The