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                                                                                  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 understanding gave rise to different perceptions and the divided house was once again visible as that of 1978 – Restricted DA Compensation through Boothalingam Committee Recommendations.


8. The fifty years of the organization saw the attack on wages due to mismanagement of the three banks, in the background of income recognition norms of loans.30th November, 1996, saw the first step of foundation of all the unions coming together on the same platform paving way for formation of UFBU to fight against the policy of the Liberalization, Privatizations and Globalizations.(LPG).

9. The attacks unleashed by the Government at that point of time of 24 parties combinations at the centre, recommended for closures of three banks, on account of inability to provide capital infusion from the Central Government. The instant struggle launched by Com.Tarakeswar Chakraborti, the tallest leader of the movement, was a remarkable one. Not only halted and aborted the recommendations of CII, but also achieved the wage revision on 14th December 1999 at the dead of the night at Mumbai. The situation made the individual bank wise unions to address the crisis within the Institution. One of the best model of revival of the Bank in the current history of Banking was Indian Bank.

10. Subsequent to above remarkable performance, the leadership in a collective form added the benefit of another option of Pension i.e. 3,30,000 were provided with the social security cover after 17 years from the first settlement, providing introduction of upgraded technology etc. To quote:

" No matter how tall your sky scrapers, how big your market share or how Global your Organization, when the paradigm shifts, everyone goes back to zero. Your past success guarantees nothing in future. Toyota put General Motors back to Zero. Dell did it to IBM. Wal-mart did it to Sears, the Japanese to Swiss."

11. The current struggle against the re-privatization of Public Sector Banks is the firm agenda of the Government at the Centre. Hence the journey to retain the Public Sector Character a long journey. Let us cherish the achievements made by AIBEA in its 75 years existence and prepare for a bitter struggle to retain the rights won and also serve and discharge our national duty.

Yours comradely,



Circular No.6/VII/2021

March 22, 2021





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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

With greetings,


Yours comradely,




Circular No.5/VII/2021

March 16, 2021






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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

With greetings


Yours comradely,




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


Com Narain

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

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

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

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

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

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


Yours in grief  

Circular No.3/VII/2021

February 18, 2021









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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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

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

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

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

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

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

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

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

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

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

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

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

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


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


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


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


Yours comradely





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







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

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

14th Feb. to 14th March

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

15th Feb.

Letters to all Central Trade Unions seeking support to our struggle

16th Feb.

Letters to all political parties seeking their support

18th Feb.

Serving Strike Notice by UFBU

19th Feb

Day long Dharna in all State Capitals

19th Feb

Demonstrations in all centres

20th Feb. to 14th March

Dharnas in Districts/towns in each State on different days

20th to 25th Feb.

Petition to all Members of Parliament by UFBU

22nd Feb.

Black Badge Wearing

From 22nd Feb

Distribution of leaflets/pamphlets amongst employees/ customers

From 1st March

Display of posters before all Bank Branches

1st March

Wearing of protest Masks

2nd March & 3rd March

Submission of online petition to Prime Minister

1st to 4th March

Press Meets in State Capitals – on any one day

8th March

Wearing of protest masks (Parliament session opening day)

9th March

Twitter campaign

10th March

Demonstration before Parliament – all UFBU leaders to participate

11th March/

12th March

Badge Wearing

11th March/

12th March

Demonstrations in all State Capitals

15th and 16th  March

Two days continuous stay out strike

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

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

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

With revolutionary greetings “                                                                  = UFBU=

 Yours comradely



Circular No. 21/VII/2020

December 31, 2020









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


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


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


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


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


We welcome the New Year 2021 and resolve to uphold



Yours comradely,




Circular No.20/VII/2020

November 26, 2020







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


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


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


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


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


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


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



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


Yours comradely,



Circular No.19/VII/2020

November 17, 2020










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


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


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


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


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


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


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


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


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


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


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


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


Yours Comradely,




Circular No.18/VII/2020

November 14, 2020



ALL UNITS / STATE COMMITTEES                                                     







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


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


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


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


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


Yours comradely,





Circular No.17/VII/2020

October 3, 2020












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


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


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







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


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


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



Yours Comradely.




National Convention of Workers (Online)

Gandhi Jayanti Day, 2nd October 2020



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


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


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


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


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


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


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


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


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


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


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


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


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


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


The situation is serious.

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


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


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


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


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


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


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


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


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


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


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

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

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

·        Withdraw all anti farmer laws and anti worker labour codes

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

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

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


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


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


           INTUC              AITUC                        HMS                        CITU                AIUTUC   

       TUCC                SEWA                      AICCTU                     LPF                    UTUC



Circular No.16/VII/2020













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


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


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


With greetings,



Yours comradely,



21st September, 2020


Press Release                                                                                     







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


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


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


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


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

And Sectoral Federations and Associations



Circular No.15/VII/2020

September 23, 2020











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


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


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


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



Yours comradely,



Circular No.14/VII/2020

September 21. 2020




REG:   Wage Talks-Developments


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


Yours comradely,













                                                                                       21st Sept 2020





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


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


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

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

c)The introduction of 5 Day week

d) Updation of pension

e) Exclusive discussions on Non-Financial Demands

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

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

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


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


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

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

Stay safe stay healthy.



With greetings,



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

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






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

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

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

Please disseminate this communication for the benefit of members.

Yours comradely,



August 4, 2020


Dear Comrades,


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

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

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

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

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

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

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

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




Yours Comradely


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




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

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

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

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

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

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


YoY Growth in Operating Profit

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





5% to 10%

5 days


>10% to 15%

10 days*



15 days*

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

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

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

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

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

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

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

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

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

Yours comradely


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




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

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

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

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

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

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

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

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

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

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

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

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

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


Yours comradely


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

All Units / State Committees




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

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

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

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


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

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


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

Yours Comradely,

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


Dear Comrades,


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

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

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

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

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

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

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

Yours comradely,


ITEM NO.9 Virtual Court 4 SECTION PIL-W
Writ Petition(s)(Civil) No(s). 459/2020
UNION OF INDIA & ORS. Respondent(s)
Date : 22-05-2020 This petition was called on for hearing today.
For Petitioner(s) Mr. Ajay Choudhary, AOR
Mr. Pradeep Chaudhary, Adv.
For Respondent(s)
UPON hearing the counsel the Court made the following
Tag with T.C. (C) No. 20/2019.


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



                                                                  75th YEAR TODAY.                        
                                              FRATERNAL GREETINGS FROM THE SIBLING.

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

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

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

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

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

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

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

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

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

                                                                          LONG LIVE AIBEA

                                    LONG LIVE WORKING CLASS - LONG LIVE WORKERS UNITY.

                                                   LET US FACE THE CHALLENGES TOGETHER,

Yours comradely,


March 28, 2019


Dear comrades,



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

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

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

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

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

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

Yours comradely,



Circular No.5/VII/2019

March 4, 2019












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


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


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


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


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


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


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


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


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


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


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


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


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


a.    Com.Anil Kumar [AP&T ] Convenor

b.    Com.K.Sathyanathan [Kerala]

c.    Com.G.S.Oberoi [Haryana]

d.    Com.Sanjay Khan [Delhi]

e.    Com.D.S.Ganesan [Tamilnadu] and

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


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


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


Yours comradely,





“Small Deeds done are better than

Great deeds planned.”

Circular No.4/VII/2019

March 1, 2019








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


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


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


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


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


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


Yours comradely,




Circular No.2/VII/2019

January 11, 2019







Dear comrades,





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


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


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


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


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


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


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


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


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


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


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


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


which our organisation has commenced.


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


Yours comradely,