INDIA BANK OFFICERS' ASSOCIATION
June 5, 2017
ALL UNITS / STATE COMMITTEES
WAGE REVISION - SECOND ROUND.
EXCHANGE OF CHARTER OF DEMANDS.
As you aware that the owners are anxious to settle the wage
revision which is due from 1.11.2017, and to achieve this goal
there were communications to the Bank managements time and
again. Prior to Nationwide strike exclusively by Bankmen on 28th
Feb, 2017, officers’ organisations had submitted the broad
summary on 20/02/2017 to IBA. Following the submission, at
Chennai, on 19th April, 2017, a meeting was held, in
which, Com.Alok Khare, Com. M.A.Srinivasan, Com. V.Ramabhadran ,
Com.G.Gunasekaran and the undersigned participated in the
exercise. It was the past practice to submit the Charter of
demands of officers and workmen together, but, on 2nd
May, 2017, it was not possible.
In the meanwhile, to fine tune the COD, once again, a meeting
was held on 1/06/2017 at INBOC office at MUMBAI, in which Com.
Alok Khare, Com. V.Viswanathan and the undersigned participated.
IBA has invited the negotiating unions for a discussion today at
IBA office to take the wage talks further. Chairman of the IBA
Negotiating Team, Shri.R.K.Thakkar, (UCO) Smt. Usha
Ananthasubramanian, (Allahabad Bank), Shri.Prashant Kumar (SBI),
Shri.V.G.Kannan, CEO IBA, Shri.Rajkumar Dy.CEO,
Shri.K.S.Chauhan Vice President HR & IR, besides the members of
HR Dept of IBA. CEO, IBA initiated the proceedings of the
meeting and handed over the forum to Chairman, Negotiating Team,
for taking the discussion further.
After the exchange of the CODs by Officers and Workmen
organisations with IBA and the IBA handing their list of
demands, Chairman Negotiating team expressed that the time line
mentioned in the earlier meeting should be kept in mind, present
health of Industry and also the negotiations for officers shall
be restricted upto Scale III. He further placed the
periodicity of meeting will be every month. While supplementing
the views of IBA, Smt. Usha Ananthasubramanian, emphasised that
there should be a forward movement at the conclusion of the
Reacting to the observations made,
representatives have expressed that the expectations of the
workforce should be fully
addressed, de-stressing of the workforce should be carried out,
health of the industry is not on account of the wage cost,
negotiations cannot be restricted
upto Scale III, residual issues of last wage revision exercise
to be resolved viz., Regulated working hours, Discipline and
Appeal Regulations, Accountability Policy, 5 days a week, issues
of retirees- record note, officer representatives in the Banks’
boards, comparison of wages with Pay commission, unilateral
introduction of service condition by a bank, Number of
representatives to be allowed to participate in the negotiation,
protection from cyber-crime, and problems encountered by the
employees in the Insurance backed hospitalisation scheme etc.
The meeting lasted for nearly an hour. The representative of the
Officers’ organisations have handed over a letter addressed to
Chairman IBA pertaining to the restriction stipulated by IBA.
C2C concept to be brought in; 
Rationalisation of Special Pay
carrying posts. 
Review of the two graduation increments;
and deployment of workmen staff;
 Simultaneous conduct of
departmental and judicial proceedings for workmen;
Conducting the departmental proceedings after retirement of
Premature retirement of workmen;
 Outsourcing of any activity
within the RBI guidelines; 
Review of the automatic movement of officers from Scale I to II
and also Scale II to III ; 
To mark lien on NPS fund of employees to recover loss to the
Bank on account of their proved misconduct.
discussion with IBA:
Subsequently, the representatives of nine unions met and
discussed the issues confronting the Industry as well as the
collective approach on the wage revision. The meeting lasted
for nearly 90 minutes with the decision to meet on a mutually
convenient day for a detailed discussion to chalk out the future
course of action to “Save the
Banking Industry” and also “halt
the attacks on jobs and job Security”.
Awaiting for the forward movement for a collective, consensus
and also achievable plan of action.
May 5, 2017
ALL UNITS /
PROTEST ACTION AGAINST RBI OFFICIALS APPROACH
PUBLIC SECTOR BANKS
steps initiated by the eleven Banks to enter into MOUs with
unions to draw the capital support from Govt. of India on
certain issues, the important one being the ballooning bad loans
of the Banking systems. The Prompt Corrective Action [PCA]
stipulated the conditions by Reserve Bank of India thereby
facilitating the much worried step of mergers of the Banks. The
controller of the Banking system, when directed by the highest
court of our Nation, preferred to present in a closed cover the
defaulters name and also the amount due, with the request not to
disclose the names of the defaulters, as their business
reputation would be affected. The series of attacks, let loose
by the Government of India, the past and the present against the
Pubic Sector Banks are dangerous and much against the interest
of the common men of this great Nation.
The Governor of RBI, who preferred to remain conspicuously
silent before the Parliamentary committee on the issue of
demonetisation, which derailed the performance of the economic
activities of the Nation, unleashed the proposal of”
Consolidation of Banks” from foreign country, forgetting that
PSBs are nation building instruments, which are to be protected,
preserved and expanded to extend financial assistance to
citizens of this Nation. One of the second in commands of the
so called controller of financial system, instead of suggesting
the corrective action for strengthening the recovery system of
the Banks, loudly expressed that “de-privatising the Public
Sector Banks,” was apt one.
Comrades, the clock is set to be taken back prior to 19th
July 1969 by the authorities. In the recently held meeting of
nine unions at Mumbai on 02.05.2017 it was decided to unleash
the following programmes of actions against the ill-advised
Finance Minister. 2.
Letter to Governor, RBI.
09.05.2017 & 16.05.2017
Demonstrations all over
If there is
no response from the owners of the financial system, the direct
action will be inevitable.
members to participate wholeheartedly in the programmes of
protest actions, as their identities are likely to be lost, if
they are allowed to proceed further.
is the only way left at our disposal.
UNITS / STATE COMMITTEES
DISCUSSIONS ON WAGE REVISION.
meeting of the representatives of the nine unions was held at
Overseas Branch SBI, Cuffe Parade, Mumbai to share the concern of
the developments in the Industry and also the direct threat of
destabilising the Public Sector Bank by the utterances of the
responsible persons who are expected to control the financial
system in the country independently. A quick review was also
undertaken pertaining to the impending exercise to be handled
after the meeting.
In the background of the Government of India advising the Banks to
commence and conclude the talks on revision of wages for the
workforce implementable with effect from 1st November
2017, an introductory meeting to set the tone for the said
exercise was initiated by IBA today at Mumbai. The IBA team was
led by Shri. Rajeev Rishi, Chairman IBA, (CBI), Ms.Arundhati
Bhattacharya, Chairman SBI, Shri.Arun Tiwari, CMD UBI, Shri.Ashwani
Kumar, CMD Dena Bank, Mr.R.K.Takkar, MD &CEO, UCO, Chairman,
Negotiating Committee, Shri.Rakesh Sharma MD & CEO, Canara
Bank, Smt.Usha Ananthasubramanian, MD & CEO, PNB, Shri.
P.S.Jayakumar MD & CEO, BOB, Shri.Prashant Kumar, DMD &
CDO, SBI, Shri.Shyam Srinivasan, MD & CEO, Federal Bank,
Shri.V.G.Kannan CEO, IBA, and Shri. K.S.Chauhan, Senior Vice
President HR & IR, IBA. The nine union’s
representatives were present in the meeting. Our organisation was
represented by the undersigned.
The chairman IBA, while initiating the dialogue, he recalled the
benefits accrued to the workforce in the 9th and
Viz: Pension option, 2 Saturdays off, Insurance backed
hospitalisation scheme, and also called upon to exercise restraint
in the interactions as well as in the coverage in print media etc.
He was expressing that the present exercise undertaken, hopefully,
to be concluded prior to Deepavali festival. IBA Negotiating team
shall discuss the wage revision for officers’
upto Scale III only. The Chairman
SBI, who covered in her address the status of the Public Sector
Banks, NPAs, challenges to be met urgently as other players
entering in the arena of Banking, the sluggish credit growth,
stiff competition in the product development and delivery system,
need to develop evolution of new method of banking practices etc,
ultimately we continue to remain as one team at the conclusion of
In response to the opening remarks of IBA officials, the
representatives of the unions made it clear that while we are
ready to cooperate to complete the exercise in a time bound
manner, the restriction to negotiate up-to Scale III needs
to be reconsidered, as the past joint notes covered all the
seven scales, need to retain the young workforce by offering
comparable wage increase with other sectors, steps to initiate to
conclude the pending items of the previous COD, considering the
remaining 2 Saturdays in a month as holidays and not to link the
present health of the Industry with the wage talks.
After the meeting with IBA team, nine
unions representatives, met again, to draw the plan of action of
protest against the authorities of RBI.
The programmes are being worked out to echo the collective voice
of dissent to the owner of the financial system, seeking an answer
on the issue of de-privatising the Public Sector Banks and also on
consolidation of the Banks. Depending
upon the response from the authorities further steps will be
initiated including direct action exclusively on this issue by the
nine unions, it was decided.
beginning has been made, an unprecedented one in our Industry.