ALL INDIA BANK OFFICERS' ASSOCIATION
July 19, 2019
ALL UNITS / STATE COMMITTEES
FIVE DECADES OF EXPERIENCES OF BANK NATIONALISATION.
COUNTRY BELONGS TO MASSES NOT TO BUSINESS HOUSES.
The historical move initiated by Mrs.Indira Gandhi of
Nationalisation of Private sector Banks on 19th July
1969 was hailed as one of the bold step, which had triggered the
political turmoil in our country. In her broadcast to the nation
on 19th July she said:
“As early as December 1954 Parliament took the decision to frame
our plans and policies within a socialist pattern of society.
Control over the commanding heights of the economy is necessary,
particularly in a poor country where it is extremely difficult
to mobilise adequate resources for development and to reduce
inequalities between different groups and regions”
Further she explained these objectives as follows:
of control by a few;
Provision of credit for agriculture, small scale Industries
and export, c.
Giving a professional bent to management of banks,
of new classes of entrepreneurs,
Provision of adequate training as well as terms of service to
the post independent India, there were 97 Scheduled Banks, one
Imperial Bank of India, 51 exchange Banks and 81 other banks
with a deposit base of Rs.2000 crores The banking system was
limited both in numbers and service terms too. Today the entire
scenario has changed in terms of number of banks and also
services, rather it is increasing on a continuous basis. Today
149 scheduled banks with 1,40,133 bank branches. A total
business mix of Rs 200 lacs crores is handled by the banking
workforce. In terms of services, today we have one bank branch
for every 10000 as against 1,00,000 at the time independence.
Indian banking sector responded well and remained strong during
the tough times of Asian Economic Crisis in 1997 when many Asian
countries were in turmoil facing currency shortages and credit
crisis etc. The sub prime crisis of 2008 which critically
affected the western world, our Nation’s immunity level was high
and the global disturbances never affected our sector. While
developmental economies suffered, Indian economy did not. All
round appreciation from International print media was accorded
to Indian Banking system.
The period from 1946 to 1969 the banking was under private
sector control and 1969 to 1992 the banking sector was more or
less under public sector control. Neo liberal economic policies
adopted by the Government of India did not exclude our sector
too. Acquiring the capital from the private hands was forcefully
attempted to begin with State Bank of India, followed by
Oriental Bank of Commerce etc. When our nation suffered the
balance of payment crisis, we further succumbed to International
monetary agencies conditions. Merger of New Bank of India with
Punjab National Bank was the first one that happened where
equity holding of Government of India was 100%.
Government of India constituted committees to go into the
details of performance of the public sector Banks and the
recommendations of both the committees were not enlarging the
public sector philosophy for which the Nationalisation of Banks
was made. The process of pricing the loans even for Agriculture
Sector, dismantling of development financial Institution,
reduction of exposure limit to priority sector, and merger of
Banks etc are the specific recommendations. Our collective
resistance through oft repeated strike actions postponed the
implementation but could not halt the same.
It is cause of concern that such a
strong, efficient, strategic Banking System of our Nation now
face negative analysis and is being shown in poor light. It was
late Com.Tarakda, the then General Secretary AIBEA on
4th September 1997,
published the first volume of bank defaulters list at New Delhi,
urging upon the Owners of the Public Sector Banking to take
urgent steps to arrest the situation. The owners were unable to
visualise the situation at that point of time with required
urgency. Non Stop growth of NPAs and also increase in number of
frauds committed by corporates are seriously disturbing the
citizen of this Nation.
The questions arise in the context of finding justifications as
to how far banks can go on writing off debts in the name of
following business practices and also instructions of the
controller of the Banking System? Banks, as Trustees of Public
money, collect deposits from Public and operate their banking
business. In the name of prudential norms and regulations, how
can a Bank defend itself be decorating its Balance sheet at the
cost of Public Money and interest? Banking is nothing but
credibility that is created among the Public.
The position of the Banking system aimed at consolidation
exercise. It started with the Associate Banks ie 2008,2010 and
2017 with State Bank of India. The parent bank suffered on many
counts. But the wrath was passed on to the customers. One of the
quarterly profit figure published by the Bank was on account of
levying the charges for utilising the ATMs etc. The next dose of
Mergers have been rolled out on 17th September 2018,
even without consulting the temple of democracy.
The sudden announcement of demonetisation on 8th
November 2016, introduction of FRDA bill and also its abrupt
withdrawal by the Parliament, Enactment of IBC code where hardly
5 to 10% of recovery from wilful defaulters and long queue
before the NCLT by the corporatesy to declare themselves as
insolvent are of serious developments that we are witnessed.
We, banking workforce, took the responsibility of financial
inclusion and added nearly 22 crores accounts crossing the
deposits collected Rs 1,00,000 crores under government announced
scheme. Apart from this, all schemes introduced by the
Government to uplift the citizen to a reasonable living are
handled by us. Prominent amongst them is Mudra loans, will it be
of a repeat exercise of 1978 scheme loan melas and subsequently
It is said that “
Trade unions are instruments for Social Change”.
The first trade union of Bankmen in pre independent India , as
envisaged in the foundation conference on 20th April
1946, fulfilled its objectives of Nationalisation of Banks,
making the class Banking to mass Banking. AIBOA hails the
journey of Bank Nationalisation and its Success in 50 years to
benefit the people at large. To conclude:
“Each of us can look back upon someone who made a great
difference in our lives, some one whose wisdom or simple acts of
caring made an impression upon us. In all likelihood it was
someone who sought no recognition for their deed other than joy
of knowing that, by their hand, another’s life had been made
We bow our heads in the memory of founding fathers of great
trade union movement of bankmen in pre independent India
for their commitment to convert the pains of struggle as a
result oriented one. Public Sector Institutions are nation
Building Instruments. It has to be preserved, protected and
July 7 , 2019
ALL UNITS / STATE COMMITTEES
ISSUES RELATED TO PENSIONERS
HISTORY TO BE REVISITED
Social media is used, misused and abused by one and all and
retired Bank employees are also equally active. One of the
prominent question that is often raised was that why pensioner’s
issues are not taken up with the IBA a representative body of
the Bankers, by the nine constituents in the wage talks.
Let us turn the pages of history to rekindle our memory.
In the background of RBI employees getting the “Pension in lieu of Provident Fund”,
the need was felt to raise the demand of Pension and clinch the
same with utmost care and urgency. When it was demanded to be
included as an issue in the second joint note exercise for
officers by the AIBOA Founder General Secretary Com.P.K.Menon,
we were left alone, and resultantly did not sign Joint Note in
1989, due to non inclusion of the demand for meaningful
Pension in lieu of Provident Fund
Comparing the Pension scheme available in State Bank of India,
there were serious debates, whether “two”
retiral benefits are beneficial or “3”
available in SBI was best. But it was AIBOA that spearheaded
the campaign that “two”
is always beneficial than “3”
and finally established its supremacy in clinching the
introduction of pension on 29th October 1993 with
effect from 1st January, 1986. Claiming superiority, Banking
workforce, some of them misguided by the then “JAC”
[Joint Action / Attack Committee] exercised the option in favour
of DA upto 1148 points scheme in which DA was credited to PF
account of the non-optees... The first settlement signed on 29th
October 1993 was without any
extra contribution to pension fund ie; 10% of Basic Pay
One more option achieved in 2010 – with additional contribution
by PF optees:
The Government of India was adamant in considering the one more
option, the corpus required was stated to be Rs.26000 crores
by GOI. A committee was constituted by IBA with two independent
actuaries one from Hyderabad and another from Kolkata along with
9 UFBU representatives to arrive at the mutually accepted
pension corpus of Rs.6000
To get back to same scheme of 1993 after 17 years ie; 2010,
out of the additional corpus of Rs.6000 crores, Rs.4200 crores
was credited to pension fund to extend Pension cover to serving
employees 2,65,000 and 65,000 retirees. Thus pension became a
reality. When an officer was inflicted with compulsory
retirement, he / she was not extended the option in the year
2010. It was AIBOA, which
took steps to secure the cover for
officer under pension scheme
As on date, there are few important issues concerning the
for the retirees, retired on or before 01.11.2002. [Supreme
court dismissed the case]
backed hospitalisation scheme
In the history of wage negotiations, it was on 25.05.2015, the
record note was signed by the nine constituents covering many
issues including the above listed one. In addition to the
Record Note of 2015, retirees prior to 1986, they are being paid
an ex-gratia of meagre amount with the approval of Government of
India. The number of retirees being few and also aged 93 years,
the amount of exgratia needs to be enhanced.
One thing all of us should appreciate that when the serving employees issues are moving in
a snail pace, there is a
need to have restrain in expressions in the social media by the
retirees. Getting the
family pension settled gains importance and priority
besides the updation of pension on account of RBI getting the
nod from Government of India in the first week of March 2019, as
there exists minutes of 1994 on record between both the parties.
The existing pension corpus also includes employees’ recruited
upto 31.03.2010. While the expectations are genuine, we should
also develop patience to clinch the matter, without comprising
the set of rules meant and established over a period of time.
Efforts are sincerely made to realise the above demands.
Equally patience is the need of the hour.
All UNITS / STATE COMMITTEES
WAGE REVISION - STALEMATE.
our circular dated 19th instant issued from Mumbai, it was
informed that offer of covering up to Scale V officers in all
Public Sector Banks is hanging in balance due to
unacceptance by all organizations. Out of the three essential
ingredients of wages viz. Date of effect, Merger of D.A. for
construction of New Pay scales and quantum in % terms, the first
two are already agreed upon and the third one is yet to be arrived
at. So far, the proposal offered is 10% Fixed Pay and 6% variable
pay by IBA. Variable Pay as stated is linked to Profit earned and
return on Assets of the individual Banks. In a service Industry
like banking, variable pay is not going to benefit uniformly and
promotes discrimination. Hence, our organization is opposed to it.
the background of latest stand of I.B.A, the four officers'
organizations held a meeting at Bengaluru to take stock of the
situation for taking forward the issues for a meaningful
conclusion to benefit the entire banking workforce. Our
organization was represented by Com.Alok Khare, Vice Chairman,
Com.A.N.Suresh, President, the undersigned and Com. V.Ramabhadran,
Secretary and Convenor Wage revision committee. After a threadbare
exchange of information’s amongst the representatives, it was
decided to place before The Chaiman IBA for redressal of the much
vexed issue latest by 02/07/2019 so as to enable the organizations
to participate in the exercise of wage revision. The said
communication is appended herewith.
We shall keep the units informed of the developments.
UNITS / STATE COMMITTEES
WAGE NEGOTIATION TALKS WITH IBA.
lapse of nearly three months, IBA invited the UFBU for a
discussion today at IBA Office, Mumbai. IBA was represented by
Shri.Rajkiran Rai, Chairman Negotiation Committee IBA(UBI),
Shri. Alok Kumar Chaudhary(SBI), Shri.V.G.Kannan, CEO,
IBA, Shri.B.Rajkumar Deputy CEO IBA, Shri.S.K.Kakkar, Advisor
IR &HR IBA , besides staff of personnel
department of IBA.
P.S.Jayakumar(BOB), Shri.Shyam Srinivasan(Federal Bank),Shri.M.K.Jain(OBC)
and Shri.R.A.Shankaranarayanan(Canara Bank) were
participating through Video Conference. Representatives of Seven
Organizations participated in the discussion. The undersigned
participated in the
Negotiating Committee outlined the purpose of the meeting so as to
know the stand of the
Organizations in the matter of participation in the
negotiation. In response , Convenor,
UFBU submitted a letter addressed to Chairman IBA and Chairman
of IBA , reiterating that the negotiation should cover up to scale
VII Officers. It was also expressed that in the earlier round held
on 22.02.2019, IBA offered
to cover up to Scale V, though the mandate given earlier by the 5
Banks were up to Scale III only.
in response to the submission made, expressed that it was an offer
made and the acceptance was not forthcoming as it is reflected by
their absence. It was also made very clear that the five workmen
unions will participate in the negotiation for arriving at
agreement under ID Act. It was also expressed clearly that, in the
past when the officers’ organizations had not participated in
the discussion, still IBA did engage themselves to arrive at the
understanding with the officers’ organizations.(One in 1989
and another in 2010-one more option for Pension)
common issues concerning both the section of the workforce, it was
reiterated that the discussions should be continued to be held
with all the seven constituents of UFBU. IBA has indicated its
preparedness to discuss the common issues and also willing to
share the details related to record note dated 25.05.2015. In
addition, the discussion on Insurance backed Hospitalization
scheme was also held in the post lunch session. IBA will be taking
up the issue referred herein above in the ensuing meeting
scheduled to be held in the last week of this month and assured to
fix up the dates for further exchange of informations. The
discussion was more of explanatory in nature.
note to convey the developments in due course.
April 15, 2019
ALL UNITS / STATE COMMITTEES
FOOTPRINTS IN THE HISTORY
To begin with,
It is all the more relevant to look back how the workers of India
was placed in the pre-independent India.
“In those days, it was jungle law that prevailed. There was no
limit on hours of work. Men, women and children were headed in
these dens of capital to work and children were hearded in these
dens of capital to work from 12 to 16, 18 and even 23 hours per
day. There was no Sunday, holiday, no starting or closing
time. Children of 5 to 6 years of age worked full time like the
grown ups and when they died or were maimed in the machines,
there was no value for their life or limbs.”
On the foundation of AITUC – 31.10.1920
“ The time has come for you to assert your right as arbiters of
your country’s destiny. You can not stand aloof from the stream
of national life. You can not refuse to face the events that
are making history today for India. You are the mass of the
population. Every movement on the political chess board, every
step in the financial or economics arrangements of our country
affects you more than it affect any other class. You must
became conscious of your responsibilities to realise you
destiny. Workers of India, the earth is your common heritage.
It is not specifically reserved for professional politicians or
the Shimla bureaucrats or the mill owning plutocrats. Your
nation’s leaders ask for Swaraj, you may not let them leave you
out of the reckoning. Politics freedom to you is of no worth
without economic freedom. You can not therefore afford to
neglect the movement for national freedom. You are part and
parcel of that movement. You will neglect it only at the peril
of your liberty”
= D CHAMAN LALL
The central nerve system of any country is the financial system
and the same should be under the absolute control of Government
at the centre. The system handled by the private Bankers in pre
nationalisation period led to a collapse because of
mismanagement, manipulation, diversion of deposits to non
financial activities, inexperienced executives and influx of
refugees. It was on 15th April 1961, Government
notified amendments to Sec.45 of Banking Companies Act ensuring
job continuity and security for employees on merger of various
private Banks due to efforts taken by AKBEF. The glorious step
of securing the job by the first trade union of Bank men in
pre-independent India, is also relevant today.
The trade unions are instruments for social change. A Bank
worker of pre-independent India of “brick and mortar group”
and present generation of Bank worker of “Techno-savy”
group, the change has been brought in their life pattern and
also security of jobs is purely due to the indomitable urge and
sacrifice by the founders of his great organisation. Challenges
of different nature are confronting the workforce. Artificial
Intelligence has entered the Banking services to cut the cost on
human employed by the management.
The successes accrued to this organisation are the results of
the combined efforts of each individual working, for them, trade
union was their lifeline.
“My nest is burnt, Yet I am happy
For it has spread the light to some extent
And dispelled darkness
The towering leader of working class, the lifeline of AIBEA upto
18th April 1975.
Our organisation born out of compulsions of post emergency
times, salutes the founders of the first trade union of Bankmen
established in pre-independent India on the banks of River
Hoogly on 20th April
1946, which is entering the 74th year of purposeful
Our revolutionary greetings to Bankmen under the glorious banner
April 14, 2019
ALL UNITS/ STATE COMMITTEES
A NEW STAR HAS BORN TODAY
BANK OF BARODA OFFICERS’ UNION HAS COME INTO EXISTENCE.
In pursuance of the notice issued by
the Central office of our organisation dated 30th
March2019, a meeting of the
representatives of erstwhile Vijaya Bank Officers’ Union (VBOU)
and All India Dena Bank Officers Union [AIDBOU] was held at
Bengaluru (KARNATAKA) on 13th and 14thApril,
2019. Com.A.N.Suresh, President of our organisation conducted
the proceedings of the meeting.
The meeting was attended by Com.K.Raghava, Secretary, AIBOA,
Com.H. Chandrasekara Shetty General Secretary AIBOA, (Karnataka
State Committee), Com.A.B.Shetty, founder General Secretary VBOU
and Com. K.Viswanath Naik Advisor VBOU, besides the undesigned.
The proceedings commenced with a brief introductory cum welcome
address by Com.K.Srinivasa Rao, General Secretary VBOU.
Com.A.N.Suresh, President AIBOA initiated the discussion
detailing the purpose of the meeting and also the need to tackle
the new emerging situation in the new entity, which has come
into existence with effect from 01.04.2019. Following the
presentation, the undersigned supplemented the need to address
issues confronted by the officers in the new entity and also the
experience of the merger earlier initiated by the Government
pertaining to the five associate Banks merger with SBI with
effect from 1.04.2017. The AIBOA’s stead forward approach in
challenging the Alternative Mechanism of the Government in
taking forward agenda of merger of Banks in a fast forward
manner brushing aside the provisions of the Banking Regulations
Act 1970/1980 was appreciated by the participants.
Rao, General Secretary VBOU
addressed the participants about the consistent struggles to get
the benefits to the officers in Vijaya Bank whereas the other
organisation was a mute spectator to various developments.
Com.Neeraj Srivastava, President,
AIDBOU and other representatives of
All India Dena Bank officers Union too presented their
experience and their efforts to fight back the menace of the Bad
loans in Dena Bank in a planned manner.
Com.K.Viswanath Naik, founder General Secretary of VBWO
and presently DGS AIBRF, shared his experience in a brief way
and appealed to every one to undertake the task of building the
organisation with oneness.
Com.K.Raghava, Secretary AIBOA,
President of the AIBOA(KSC) and Convenor of the Private Sector
Bank Officers’ Forum addressed the participants the necessity to
come together as a strongest unit of officers in Bank of
After a detailed deliberation, the following decisions have been
arrived at unanimously;
The amalgamated entity will function from Bengaluru, from the
erstwhile VBOU HQ.
b. The subscription varying from Rs
100 to Rs 200/ per month agreed to standardise the same @ Rs 180/-
per month per member and
remitted to Central Office of the new entity functioning from
The subscription received from the members will be shared @ Rs 100, Rs
40 and Rs 40 to Central Office, Zonal and Regional
Out of the 9 units of AIDBOU, the registered units numbering
three will take steps to amalgamate the units as per the
provisions TU Act 1926. Remaining units will initiate the
required steps to dissolve / amalgamate by adopting a resolution
in the meeting convened for the said purpose.
The accounts of the individual units will be closed after the
receipt of the current month subscriptions ,with net amount to
be remitted to the central office at Bengaluru.
An amount equal to the amount remitted to Central Office may be
drawn as an advance by the Zonal Units for smooth functioning.
Proper submission of bills against the advance availed by the
units is prerequisite for effective functioning of the units
g. After mutual consultations amongst
the participants, the representatives were entrusted the
responsibilities in the Zonal Units as Presidents and General
Secretaries. [ List is enclosed]
With these, the first day proceedings came to conclusions at
19.40 hrs and adjourned to next day.
SECOND DAY PROCEEDINGS:
On 128th birth anniversary of Dr.B.R.Ambedkar
coupled with the New Year of three States the second day
proceedings commenced at
09.30 A.M under the Presidentship of Com.A.N.Suresh to give a
final shape for the new organisation in the name and style of
Bank of Baroda Officers’ Union. While taking the confirmation of
the proceedings of the previous day decisions, the next agenda
of formation of the amalgamated entity of erstwhile VBOU and
AIDBOU was taken up. With the consent of the all participants
the office bearers were entrusted the responsibilities of
conducting the affairs of the BOBOU. [List is enclosed]
new logo of the organisation was unveiled by Com.A.B.Shetty,
Founder General Secretary of VBOU and advised the banner of
BOBOU has to be preserved as an apple of eye and taken to
greater heights in BOB.
It was decided to take up the issue of
Check Off facility and also closing the disciplinary actions
cases of non financial in nature of members of both
organisations so as to enable the officers of BOBOU
to focus the attention in Bank building activities.
The second day session had the final and finer touch given by
Com.H.Chandrasekara Shetty, General Secretary AIBOA(KSC), of his best wishes for the
growth of the organisation, with the induction of youngsters as
office bearers, as their future is interlinked with BOBOU.
Com.Vinay Kumar, Joint
Secretary, AIBOA presented
his view points on NPS to be taken up in the negotiations by
Well began is half done, thus the roaring entry of our
organisation in Bank of Baroda had commenced.
BANK OF BARODA OFFICERS’ UNION
LIST OF ALL INDIA OFFICE BEARERS
NAME – Com.
Neeraj Srivasta [UP]
Rupesh Jha [UP]
K.Srinivasa Rao [KAR]
Lokesh Mishra [RAJ]
Daulall Tak [DELHI
Kishore Adappa [Mumbai]
Vipin Verma [Gujarat]
JOINT GENERAL SECRETARIES
Vijaya Sarathy [AP]
Kumar Naik [KAR]
Navin Dixit [MP]
Saurubh Singh [UP]
Kundan Kumar Shah [Bihar]
Ms.Priya Vyas [MP]
Mukesh Bassi [Punjab]
Vikas Kumar [Raj]
Amrut Pradhan [KOL]
Manish K.Chauhan [KAR]
Arup Jothi Bhara Thkar
1-SVP and 3 Joint General Secretaries Post kept vacant
BANK OF BARODA OFFICERS’ UNION
ZONAL UNITS’ PRESIDENTS AND GENERAL SECRETARIES
Kundan Kumar Shah
Jasbir Singh Devgon
Kolkata & NER
Subrat Kumar Dev
ALL UNITS / STATE COMMITTEES
OF BANKS OUR CASE IN SUPREME COURT
organisation, taking into consideration the various emerging
situations, with due consultation with our legal counsel filed an
interim application, as the earlier application filed in the
Hon’ble High Court of Rajasthan, Jaipur Bench was listed for
hearing originally on April 4th, 2019 by the Supreme
Court of India. The
main contention in our interim application was the legality linked
to the whole process of merger exercise of Alternative Mechanism,
a new apparatus, has been used to substitute the Parliament
procedure ie; to lay the proposal of amalgamation or merger before
the both houses of the Parliament.
In our Interim Application filed before the highest court,
non of the respondents have filed any written reply till date.
The case was listed on 26th March, 2019, as the
last item in the list. Our
Counsel mention the same before the Hon’ble Justice R.F.Nariman
and Justice Vineet Sarin citing the urgently of the matter and the
same was listed for hearing today morning.
Today the case taken up for hearing and the legality
involved in the process was not answered.
Mr.Tushar Mehta, Solicitor General of India appeared for
the Government and Mr.Mukul Rohtgi, former Solicitor General of
India represented Bank of Baroda.
They argued that as the three Banks are under Public
Sector, the service conditions are identical in content and nature
and employees’ interest are not going to be adversely affected,
hence our prayer for Interim order has not been considered
the hearing on our Writ Petition will continue in due course after
the reply is submitted by the Government / respondent Banks.
Our organisation has taken right steps to thwart the merger
exercise in the best possible ways, as the merger of Banks is the
only issue remaining unimplemented agenda of Narasimham Committee
I and II. Reduction of
Branches, transfer of workforce and arresting the future
employment are the serious direct fall out of this unchecked
exercise of the Government.
fight both legally as well as organisationally will nevertheless
continue against Bank mergers.
the meantime comrades are called upon to consolidate our
membership in the new entity for effective safeguarding of our
March 4, 2019
ALL UNITS /
BEARERS MEETING AT HYDERABAD – 03.03.2019
DECISIONS ARRIVED AT
office a bearer meeting of our organisation was convened at
Hotel Central Park,Hyderguda, Hyderabad on 03.03.2019 to take
the stock of emerging situations and roll out a plan of action
to address the issues confronting the officers’ community as a
The proceedings were conducted by the Joint Presidium – Com.Alok
Khare, Vice Chairman and Com.A.N.Suresh, President and commenced at 10.35 am.
The leave of absence was granted to Com.Narendra Kotiawala,
Dy.General Secretary, Com.Vinod Sharma, Com.D.N.Trivedi,
Com.Giri Srinivasa Rao and Com.Rajesh Tiwari Joint Secretaries
as they were held up with certain prior commitments.
After the welcome address by Com.V.Anil Kumar, General
Secretary, AIBOA – AP & T State Committee the meeting commenced
IN MEMORIUM: The house
observed two minutes silence in the memory of the “40”
CRPF Jawans killed by the terrorist
outfit at Pulwama and other martyrs after Pulwama attack and
Treasurer of our organisation.
While placing developments
right from last CC held at Mamallapuram
on September 8-9, 2018, followed by the Secretariat Meeting held
at Mumbai on 13.10.2018 and State Presidents and General
Secretaries meet at Jaipur on 17.11.2018, the
programme unleashed by AIBOA right from “Postering Campaign”,
programme observed by the nine constituents culminating in a
day’s strike and escalating to judicial intervention with the
present status of the case before Supreme Court of India were
more focussed presentation was on the present stand taken by
other two officers’ organisations in the last two rounds of
discussions with IBA, on the issue of “fractured
mandate”. The information
related to the interaction with General Secretary AIBOC at
Kolkata [24.02.2019] and also with General Secretary NOBO at
Chennai [27.02.2019] were also informed. Com.V.Ramabhadran,
Secretary, AIBOA, who is also the Convenor of the Wage
Committee, presented details
pertaining to the current status of the wage revision, as per the advice of the Joint
Presidium, for the benefit of the office bearers / participants.
On the both issues, a detailed deliberations took place by all
office bearers with the following observations.
a. While on the Bank merger issue
taking to judicial recourse
is welcome and necessary
step simultaneous campaign
to educate Bankmen as well as customers and common people
with more details about ill
effects of the Bank mergers must continue.
– On developments relating wage revision it was felt that safeguarding and strengthening the process of
bilateral negotiations while making these effective and
meaningful is the prime need of the hour.
AIBOA must therefore continue it’s efforts to evolve cohesive
approach to secure expeditious settlement.
In regard to Mandate issue
while IBA having conceded up
to Scale V coverage is a success of negotiating process efforts must continue to secure
coverage for all grades of officers as in the past.
Office Space Acquired: The meeting held at Hyderabad was after
our oganisation acquired a premises in
our name on 9th January 2019
and the same was as per decision of the Secretariat. The office
space is being utilised by
AIBOA-AP & T State Committee and steps taken by Com.V.Anilkumar,
General Secretary, AIBOA-AP&T State Committee, was noteworthy.
front, the present status
was also reported.
Our affiliate in Central Bank
initiating steps to arrive at the consensus is eluding final conclusion / fruitful
execution of plans. The
and the Supreme Court decision negating our affiliates prayer
was also reported.
Constitution amendments/formation of
committee: As proposed in
our meeting at Jaipur on 17.11.2018, to draw a balanced approach
between the State Committee and affiliated Units in its
representation in the office bearers team, more emphatically in
strengthening the grass root level contacts through District
Committee formation etc., a committee has been constituted for
amending bye laws of the organisation, to be placed before the
ensuing Central Committee meeting.
Com.Anil Kumar [AP&T ]
Com.Sanjay Khan [Delhi]
Com.D.S.Ganesan [Tamilnadu] and
Porwal, Vice President, AIBOA will also associate with the
11. Co-Option of
CC Member, AIBOA, Deputy General Secretary, AIBOA[TNSC] and
General Secretary, IBOF has been co-opted as Treasurer of our organisation in the vacancy caused
due to untimely demise of Com.G.Gunasekaran former Treasurer.
The decision will be ratified in the Central Committee.
to Team – AP&T State Committee “Captained” by Com.V.Anil Kumar
who collectively executed the assignments in a short time
“Small Deeds done are better than
Great deeds planned.”
March 1, 2019
ALL UNITS / STATE COMMITTEES
MERGER OF BANKS
STATUS OF THE INTERIM APPLICATION
We have informed earlier that on 10th January 2019,
Hon’ble High Court of Rajasthan, bench at Jaipur, after hearing
our counsel, ordered to “serve
the notices to respondents
[ie;] Union of India, RBI, Bank of Baroda, Vijaya Bank and Dena
Bank] returnable by six
One of the respondents Bank of Baroda filed a case in Supreme
Court of India for staying the proceedings in Rajasthan and
Delhi and other High Courts. The counsel representing the Bank
of Baroda is Shri Tushar Mehta, Solicitor General of India along
with four others. The case came up on 06.02.2019
and the Bank requested time for filing an application which was
granted. It came up for hearing on 08.02.2019,
before Hon’ble Mrs. Justice R.Banumathi and Mr.Justice R.Subhas
Reddy. The case was slated to be heard on 28.03.2019,
an ex-parte stay obtained by Bank of Baroda.
Our organisation, on analysing the developments, engaged Shri P.S.Narasimha,
former Addl.Solicitor General, through Shri Pradeep Chaudhary
and Shri Ajay Chaudhary,
Advocate on record filed an Interim application to hear our case
expeditiously as the effective date of merger will be
The Interim application filed by our organisation has come up
for hearing in the Supreme Court of India today along with other
writs also. Upon hearing, Hon’ble Supreme Court has agreed to
transfer all writ petitions together to Supreme Court, with the
directions to all
petitioners to file the
copies of other original writ petitions before the Supreme Court
with the respondents
to file reply by 11.03.2019.
On mentioning before Hon’ble Chief Justice of India,
a date would be given soonest for final hearing.
One step forward from our end to seek justice from the Highest
Court of our Country.
We shall keep you informed of the developments in due course.
January 11, 2019
ALL UNITS / STATE COMMITTEES
AIBOA SEEKS JUDICIAL INTERVENTION ON
THREE BANKS MERGER
September, 2018, an apparatus called “Alternative Mechanism”
by the present Government at the centre, made an announcement of
amalgamation of three banks [ie] Bank of Baroda, Dena Bank and
Vijaya Bank and the three Banks’ were informed of the decision
of the Government of India, to take it forward.
The steps that are to be
initiated to achieve the desired goal of amalgamation are :
The proposals must start from the
Boards of the Banks
The decision regarding creating strong
and competitive Banks would be solely based on commercial
The proposals received from Banks for
in principle approval to formulate scheme of amalgamation shall
be placed before the Alternative Mechanism [AM].
After in-principle approval, the Banks
will take steps in accordance with law and SEBI’s requirements.
The final scheme will be notified by
Central Government in consultation with Reserve Bank of India.
The amalgamation of the
Banks needs approval from both Houses of Parliament as per the
Banking Regulations Act 1970 /1980.
As amalgamation or merger
of Banks is not in the interest of people at large, such a step
should necessarily be opposed and resisted by Trade Unions.
We have closely observed
that the decision has been imposed from the owners and not
emanated from the individual Bank’s Boards, hence there is need
to interfere and also bring it to the notice of the members as
well as all concerned in the Banking Industry. An added element
is that the provisions of Banking Regulations Act 1970/1980 has
not been complied with in full measure.
Our organisation along
with Dena Bank Officers’ Union sought the judicial intervention
by filing a case in the High Court of Rajasthan, at Jaipur. The
case came up for hearing yesterday. The Hon’ble judge, while
issuing the directions to serve the Notice to the five
respondents, returnable in four weeks, made a passing remarks
that the provisions of law has not been complied with.
thousand miles journey starts with a small and tiny step”
which our organisation has
We keep to inform the
details to all concerned in due course.
January 7, 2019
ALL Units / State Committees
EMPLOYEE STOCK PURCHASE SCHEME:
DILUTION OF GOVERNMENT’ S CAPITAL.
Government of India, as a part of New Economic Policy promotion,
right from 1992-93, had fallen a trap to Liberalisation,
Privatisation and Globalisation ie. LPG. There were
recommendations by the Standing Committee for Finance to reduce
the Government capital in Public Sector Banks from the present
level of 51% to 33%. However, the earlier Government , after
returning to power in 2004, the first open declaration made by
Dr.Man Mohan Singh was to retain the Government Capital upto
51%, thus the Public Sector character of Banks are still now
2. The capital can be
acquired through three ways : [a]. Thro’ Profit
Generation [b]. Government providing Capital [c].
Acquiring the capital from the Markets. As bad loans are
increasing, provisioning towards that, eat away the profit thus
capital is not increased through internal Generation. Government
has taken a stand that there are not in a position to provide
from the Budget, a policy decision. The avenue available to
shore up the capital is to acquire from the market. Before
resorting to that exercise some of the banks have now started to
float the scheme of Employee Stock Purchase Scheme. Before
releasing the capital to the banks, majority unions were
compelled to sign a MOU with the Management and in turn
submitted to Government for receiving the capital support. There
was not even a mention about the move now exercised by the Bank.
3. By purchasing the shares of
the Bank by employees, Bank management talk of Sense of
commitment to the Bank. They talk about employees’ contribution
for the progress of the Bank. Further, they talk of sense of
feeling ownership. They talk about the sense of belonging to the
Bank. They also talk of selling the shares for making profit.
These expressions are nothing but enticing the workforce for
subscribing to the ESPS.
4. AIBOA, strongly rejects
the proposal of the various Bank managements of ESPS. It is
nothing but backdoor privatisation of the Public Sector Banks.
Instead of initiating steps to recover the Bad loans from the
wilful defaulters, these attempts are noting but diverting the
attention of the workforce.
Our Organisation directs the workforce not to subscribe for the
ESPS proposed by the Bank managements. Don’t lend your hands to
privatise the Public Sector Banks.