tag:blogger.com,1999:blog-40410276940354822602023-11-15T22:30:33.600-08:00PSU Bank's 9th Wage RevisionWage revisionhttp://www.blogger.com/profile/06873920075693082616noreply@blogger.comBlogger51125tag:blogger.com,1999:blog-4041027694035482260.post-74133118981755199562010-04-27T02:25:00.000-07:002010-04-27T05:04:28.706-07:00Wage revision will be signed at 5 PM 27th April 2010Latest information as on 3 pm , 27 April 2010.<br /><br />Instead of 1.6 of basic , 2.8 will be deducted from the arrears , only from those employee who opted pf before and now want to opt pension .<br /><br /><span class="Apple-style-span" style="word-spacing: 0px; font: 16px 'times new roman'; text-transform: none; color: rgb(0, 0, 0); text-indent: 0px; white-space: normal; letter-spacing: normal; border-collapse: separate; orphans: 2; widows: 2;">"AGREEMENT WILL BE SIGNED BETWEEN IBA & UNIONS TODAY AT 5.00 PM-AWAIT FOR DETAILS "<br /></span>Wage revisionhttp://www.blogger.com/profile/06873920075693082616noreply@blogger.com2tag:blogger.com,1999:blog-4041027694035482260.post-16532407057999325812010-04-21T22:51:00.000-07:002010-04-26T23:09:02.672-07:0070% Voters are against sharing of pension loadAs on 21.04.2010 , the voters clearly chosen their verdict.<br />we had conducted the voting titled<br /><h2 class="title">"should pension Load shared among bank employees? (from 33 months arrears)"</h2>regarding the deduction in from total arrears with the 1.6 X of the basic (as per Nov 2007 basic). The 70 % bank employee voted against the proposed scheme. It is gross injustice done by IBA and UNION Leaders (Union of Cheaters) to bank employee who opted pension. This is the right time to resign from the union membership to raise your voices .<br /><br />Bank Union hai hai<br />UFBU Hai hai<br />IBA hai haiWage revisionhttp://www.blogger.com/profile/06873920075693082616noreply@blogger.com0tag:blogger.com,1999:blog-4041027694035482260.post-24733430443136111312010-04-05T00:48:00.000-07:002010-04-05T00:54:29.267-07:00Latest complete Bank Officers salary detailsDownload the XLS file from below mentioned link for all your salary details needs after 9th Bipartite Settlement. <br /><br />http://www.ziddu.com/download/9306604/fitmentofficers.xls.html<br /><br /><br />Bank Union Hai haiWage revisionhttp://www.blogger.com/profile/06873920075693082616noreply@blogger.com0tag:blogger.com,1999:blog-4041027694035482260.post-15140122646818890942010-04-04T21:31:00.000-07:002010-04-04T21:41:19.415-07:00Bank Officers are again cheated by AIBOA and AIBOC<div style="text-align: justify;">Is this settlement we are expecting ? This time around we are confident that the junior officers have been given a raw deal and as usual they have failed to redress their grievances. We are confident that the pay increase as well as arrears for sub staff will more than the junior officers .What a shame. Now a Bank Probationary Officer is equivalent to a peon of government" and "officers at senior level are at par with clerks of government . What ridicule you made of us union leader ?. Throw these union leaders from their post the fresh/new officers must resign from the union membership otherwise we will again cheated in next settlement. This is not a pay revision but an alms to the beggar.It is better for the juniors to resign from the present unions and form a separate union as five to six years from now most of the seniors will retire .The new union should exclusively fight for better pay packets for Junior Officers which are comparable with the ones in the private sector as we do the same kind of work if not more. Come on juniors, let us unite otherwise we will be trampled by the self serving seniors who are not at all concerned about the welfare of the juniors . </div>Wage revisionhttp://www.blogger.com/profile/06873920075693082616noreply@blogger.com1tag:blogger.com,1999:blog-4041027694035482260.post-31011152177563003182010-03-31T01:44:00.000-07:002010-03-31T03:47:41.954-07:00Just for humer : A typical Meeting of Bank Unions with IBAMeeting with IBA was fruitful and positive and we were able to convince IBA on certain important issues like there will a increase in cycle allowance by Rs 50.00, on other issues IBA is very adamant, talks to follow and in the next meeting issues regarding pension will be settled and regarding wage revision the talks will begin once pension issue is settled, date for next meeting will be decided latter.<br /><br />Now see what happens on next meeting :<br /><br />Initially meeting with IBA was fruitful and positive. We are able to convince IBA on Lunch items , they are forcing to include Bread Pakoda with tomato ketchup, Tea and Kurkure but we opposed the proposed items , our demand was Chicken tandoori , Butter Chicken Masala . because of these issues and adamant behavior of IBA the meeting was adjourned.<br /><br />Ha ha ha....Wage revisionhttp://www.blogger.com/profile/06873920075693082616noreply@blogger.com0tag:blogger.com,1999:blog-4041027694035482260.post-72750688675367529132010-03-28T23:12:00.000-07:002010-03-28T23:39:40.567-07:00Stop paying Union membership feeThis is the right time to stop paying the membership fee which is deducted from your monthly salary. The Union leaders are doing nothing good for bank employees. What we got 17.5 % hike is nothing as compared to Central government employee. from November 2007. the 10 lac bank employees are giving millions to union leaders in the name of union membership fee. Making fun of sentiments of poor employees these leaders are traveling in Airlines , visiting here and there , attending parties, eating tea and samosa from heard earned money of bank employee .<br /><br />Jago yaar Jago bhut bardast karliya ....<br /><br />resign from union membership.Wage revisionhttp://www.blogger.com/profile/06873920075693082616noreply@blogger.com0tag:blogger.com,1999:blog-4041027694035482260.post-73703230086751626072010-03-28T23:10:00.000-07:002010-03-28T23:12:11.526-07:00An Appeal to serving pension opteeAn appeal is made to all serving pension optee to unite & get prepared to file a writ against the pension load factor & present wage settlement. We (present employees who are pension optee) should not share pension load at any cost. Those retired in 1996 or onwards and now want to opt for pension must share the total burden. (They don’t even deserve to get 2nd option for pension because CPF was there conscious decision) We are not at fault they had taken decision to opt for CPF. They are increasing the load & as a result of which there is no compatible wage revision.<br />Our one step forward will save our future & dignity in the banking.<br />Let us unite and file a writ. Let us come forward.Wage revisionhttp://www.blogger.com/profile/06873920075693082616noreply@blogger.com1tag:blogger.com,1999:blog-4041027694035482260.post-5824433293889554762010-03-22T23:00:00.000-07:002010-03-22T23:01:35.628-07:00Wage Revision - Poor Banker's Plight<p class="MsoNormal"><span style="color:#0000ff;"> <span style="font-family: Times New Roman; font-weight: 700;">I am an ordinary officer working in An Pubic Sector Bank <span class="IL_AD" id="IL_AD2">in India</span>. I am quite sure that all of you must have seen the <span class="IL_AD" id="IL_AD1">working conditions</span> in which we are working. No defined working hours! my day start at 9:30 am and end on 9:0 pm. I am forced like other colleagues, <span class="IL_AD" id="IL_AD3">to work</span> like this by our Bank's Management. For last three Sundays I have been there at the Branch and made to work by indirect pressure.</span></span></p> <p class="MsoNormal"><span style="color:#0000ff;"> <span style="font-family: Times New Roman; font-weight: 700;">Now see my counterparts in government sector they have defined working hours and that too for five day a week schedule. All financial organizations are having five day a week schedule whether it is RBI, NIC, BSE or NSE. Than what the hell we Bankers are?? that all of us are being made to work like animals!!! while NGO like PETA is there for these Animals welfare, We don't have even that except Unwanted Unions and associations-which at there own are exploiting us.</span></span></p> <p class="MsoNormal"><span style="color:#0000ff;"> <span style="font-family: Times New Roman; font-weight: 700;">What about our family life? I can't even avail a single holiday without efforts to see a doctor!!! What the hell I am doing this job.</span></span></p> <p class="MsoNormal"><span style="color:#0000ff;"> <span style="font-family: Times New Roman; font-weight: 700;">Some of Bank's Respectable Union leader advised one of my colleague to leave the job if he is comfortable with the working conditions of the Bank. Look at the behavior of these irresponsible self styled leaders.</span></span></p> <p class="MsoNormal"><span style="color:#0000ff;"> <span style="font-family: Times New Roman; font-weight: 700;">Salary!!!!! that's the word that add salts into the open wounds of every Banker. Even clerk of central govt after comfortable working conditions is having better salary that a Senior Bank officer. And our union leaders are talking about their pension (as most of them are on verge of retirement) during salary talks called 9th BPS. They were just concerned about pension and nothing more than that.</span></span></p> <p class="MsoNormal"><span style="color:#0000ff;"> <span style="font-family: Times New Roman; font-weight: 700;">I am damn sure that none of the Banker who is actually living in worst conditions will support any of these union leaders who have sold banker's fundamental right of respectable life.</span></span></p>Wage revisionhttp://www.blogger.com/profile/06873920075693082616noreply@blogger.com1tag:blogger.com,1999:blog-4041027694035482260.post-63064855206419715212010-01-22T22:07:00.000-08:002010-01-22T22:08:43.482-08:00Bipartite Talks with IBA(22.01.2010)<div style="text-align: justify;"> Bipartite Talks with IBA<br /><br />Another round of bipartite talks between IBA and 5 workmen Unions viz. AIBEA, NCBE, BEFI, INBEF & NOBW took place today in Mumbai. In today’s meeting, we further discussed about construction of revised pay scales, rates of annual increment, rationalisation of special pay in clerical and substaff cadre etc. There was also discussion on the proposal to club HRA and CCA to ensure equitable increase in the allowance in all areas with special emphasis on the rural and semi urban centres. Then we took up for discussion the costing of pension and submitted our view points. We also took up improvement in other allowances like Washing Allowance, Cycle Allowance, Project Area, Compensatory Allowance, Split Duty Allowance, Hill & Fuel Allowance, Halting Allowance, Breakage Allowance etc besides improvement in distance entitlement under LFC, family definition to include dependent brothers / sisters who are physically handicapped, revision in income amount to determine dependent parents, non–insisting of four days leave while availing LFC encashment, improvement in road mileage rate, sanction of 45 days special leave for women employees undergoing hysterectomy operation, upgradation of lumpsum paid part time employees to scale wages, improvement in hospitalization reimbursement scheme, inclusion of Sidha treatment for reimbursement, etc. etc. There were also some discussions on revision of duties for Single Window Operators, Head Cashiers and Special Assistants.<br /><br />The calculations on cost impact of the above will be done and worked out for the purpose of finalizing the various items and components. The next round of Bipartite talks will be held on 9th February, 2010.<br /><br />In today’s meeting we were informed that Punjab and Sind Bank management have also given their mandate to IBA for being governed by the proposed wage revision agreement and thus all the banks are now covered.<br /><br />Earlier, at the beginning of the talks, homage was paid to the veteran leader Com. Jyoti Basu and Mr. Mohan Rao, Chief General Manager Corporation Bank and member of Negotiating Committee of IBA who had died recently by observing two minutes silence.</div>Wage revisionhttp://www.blogger.com/profile/06873920075693082616noreply@blogger.com0tag:blogger.com,1999:blog-4041027694035482260.post-25757684586327590262009-12-28T21:19:00.000-08:002009-12-28T21:20:17.917-08:00Bank Pay Hike Update : Details of Meeting with IBA on 28th Dec.<span style="color: rgb(0, 0, 102); font-size: 130%;"><b style="font-weight: bold;"><span style="font-style: italic;"></span></b><b style="font-style: italic; font-weight: bold;">Further to the discussions held between the IBA and the Unions on 9 & 10th December, 2009 another round of bipartite discussions took place today at Mumbai between IBA and AIBEA / NCBE / BEFI / INBEF / NOBW. IBA was represented by their Core Committee headed by Mr. Jagdish Pai (ED, Canara Bank). All the 5 workmen unions were represented in the talks.<br /> <br />In today’s meeting, discussions continued on construction of pay scale, revision of special pay, allocation of cost of various items, cost of retirement benefits etc. From the unions’ side, we have emphasized that maximum possible cost to be allocated for construction of revised basic pay. Various suggestions and proposals were discussed in the meeting. However, the discussions have remained inconclusive since on some of the issues, the IBA team wanted to discuss the matter with the higher authorities before reacting to the unions.<br /> <br />It was decided to continue the discussions on the next round of talks for which dates will be fixed up shortly</b></span>Wage revisionhttp://www.blogger.com/profile/06873920075693082616noreply@blogger.com1tag:blogger.com,1999:blog-4041027694035482260.post-74103357411246371312009-12-03T02:52:00.000-08:002009-12-13T22:08:47.734-08:00ultimate solution for calculating arrear of Bank employee(officer, clerk,substaff etc)Use this ultimate xls sheet to calculate the arrears of officers .<br /><br />Solution for all the problem relating to arrears , new salary etc<br /><br /><span style="font-weight: bold;">http://www.2shared.com/file/9973081/8634e25c/Copy_of_Arrears-Worksheet-vers.html</span><br /><br />Use this ultimate xls sheet to calculate the arrears of officers clerical and sub staff<br /><br />http://www.2shared.com/file/9973131/640251a0/Bank_Arrear_2.html<br /><br /><span style="font-style: italic;">Terms used in xls sheet.</span><br /><span style="font-style: italic;">FPP/FPA : Fixed personal allowance</span><br /><span style="font-style: italic;">FPP-PF /FPA-PF : Fixed personal allowance / Povident fund</span><br /><span style="font-style: italic;">PQA/PQP : Professional qualification allowance</span><br /><br /><span style="font-style: italic;">Note : 1. Please check all the rows of "Old Basic" column of sheet "Fill Data" in Bank_Arrear 2 </span><br /><span style="font-style: italic;"> file.</span><br /><span style="font-style: italic;"> 2. After entering all the desired fields check sheet "Arrear sheet " in Bank_Arrear 2 file<br /><br />Note : the results of arrears from two utilities may be different as the basic is not upto date.<br /></span>Wage revisionhttp://www.blogger.com/profile/06873920075693082616noreply@blogger.com9tag:blogger.com,1999:blog-4041027694035482260.post-1458319873855345422009-12-01T02:18:00.001-08:002009-12-01T02:23:07.301-08:00New Salary of Bank PO after Wage hikeMS Office template for Bank PO's expected New Salary after 9th Bipartite Settlement<br /><br />http://www.2shared.com/file/9595486/f2c0fee5/salary_as_per_9th_bipartite_se.html<br /><br /><br />MS Office template for Bank PO's old Salary before 9th Bipartite Settlement<br /><br />http://www.2shared.com/file/9595490/2b86a91/salary_as_per_8th_bipartite_se.html<br /><br />Just change your Basic and according to annual increment for Bank Officers .Wage revisionhttp://www.blogger.com/profile/06873920075693082616noreply@blogger.com0tag:blogger.com,1999:blog-4041027694035482260.post-57962465850549976442009-11-27T02:09:00.000-08:002009-11-27T02:10:37.720-08:00MINUTES OF THE DISCUSSSIONS HELD ON 27th NOVEMBER 2009<span class="Apple-style-span" style="word-spacing: 0px; text-transform: none; text-indent: 0px; white-space: normal; letter-spacing: normal; border-collapse: separate; orphans: 2; widows: 2; font-style: normal; font-variant: normal; font-family: Times New Roman;"><p class="MsoNormal" style="text-align: center; word-spacing: 0pt; margin-top: 0pt; margin-bottom: 0pt;" align="center"> <span style="color:#ff0000;"> <span style="font-family: "Arial Rounded MT Bold";">MINUTES OF THE DISCUSSSIONS HELD </span></span></p> <p class="MsoNormal" style="text-align: center; word-spacing: 0pt; margin-top: 0pt; margin-bottom: 0pt;" align="center"> <span style="color:#ff0000;"> <span style="font-family: "Arial Rounded MT Bold";">ON </span> <span style="font-family: "Arial Rounded MT Bold";">27<sup>th</sup> NOVEMBER 2009</span><span style="font-family: "Arial Rounded MT Bold";"> between</span></span></p> <p class="MsoNormal" style="text-align: center; word-spacing: 0pt; margin-top: 0pt; margin-bottom: 0pt;" align="center"> <span style="color:#ff0000;"> <span style="font-family: "Arial Rounded MT Bold";">IBA representing Management of Banks which are parties to the </span></span></p> <p class="MsoNormal" style="text-align: center; word-spacing: 0pt; margin-top: 0pt; margin-bottom: 0pt;" align="center"> <span style="color:#ff0000;"> <span style="font-family: "Arial Rounded MT Bold";">Bipartite settlement and the Four Officers’ Association </span></span></p> <p class="MsoNormal" style="text-align: center; word-spacing: 0pt; margin-top: 0pt; margin-bottom: 0pt;" align="center"> <span style="color:#ff0000;"> <span style="font-family: "Arial Rounded MT Bold";">viz., AIBOC, AIBOA, INBOC & NOBO on wage revision</span></span></p> <p class="MsoNormal" style="text-align: justify; word-spacing: 0pt; margin-top: 0pt; margin-bottom: 0pt;"> <span style="font-family: "Arial Rounded MT Bold";"> </span></p> <p class="MsoNormal" style="text-align: justify; word-spacing: 0pt; margin-top: 0pt; margin-bottom: 0pt;"> <span style="color:#0000ff;"> <span style="font-family: "Arial Rounded MT Bold";">Discussions were held between the Indian Banks’ Association representing management of Banks and the authorized representatives of Four Officers’ Associations viz., All India Bank Officers Confederation, All India Bank Officers’ Association, Indian National Bank Officers’ Congress and National Organization of Bank Officers on wage revision for officers in banks. After holding several rounds of discussions, the parties have mutually agreed as under:</span></span></p> <p class="MsoNormal" style="text-align: justify; word-spacing: 0pt; margin-top: 0pt; margin-bottom: 0pt;"> <span style="color:#0000ff;"> <span style="font-family: "Arial Rounded MT Bold";"> </span></span></p> <p class="MsoNormal" style="text-align: justify; text-indent: -0.5in; word-spacing: 0pt; margin-left: 1in; margin-top: 0pt; margin-bottom: 0pt;"> <span style="color:#0000ff;"><span style="font-family: Arial Rounded MT Bold;">1.<span style="font-family: "Times New Roman"; font-style: normal; font-variant: normal; font-weight: normal; font-size: 7pt; line-height: normal; font-size-adjust: none; font-stretch: normal;"> </span></span><span style="font-family: "Arial Rounded MT Bold";">The wage revision will be effective from 1.11.2007</span></span></p> <p class="MsoNormal" style="text-align: justify; text-indent: -0.5in; word-spacing: 0pt; margin-left: 1in; margin-top: 0pt; margin-bottom: 0pt;"> <span style="color:#0000ff;"><span style="font-family: Arial Rounded MT Bold;">2.<span style="font-family: "Times New Roman"; font-style: normal; font-variant: normal; font-weight: normal; font-size: 7pt; line-height: normal; font-size-adjust: none; font-stretch: normal;"> </span></span><span style="font-family: "Arial Rounded MT Bold";">The annual wage increase will be Rs.2239 crores</span></span></p> <p class="MsoNormal" style="text-align: justify; text-indent: -0.5in; word-spacing: 0pt; margin-left: 1in; margin-top: 0pt; margin-bottom: 0pt;"> <span style="color:#0000ff;"><span style="font-family: Arial Rounded MT Bold;">3.<span style="font-family: "Times New Roman"; font-style: normal; font-variant: normal; font-weight: normal; font-size: 7pt; line-height: normal; font-size-adjust: none; font-stretch: normal;"> </span></span><span style="font-family: "Arial Rounded MT Bold";">The additional cost of pension on account of wage revision in excess of statutory contribution of 10% of pay will be shared equally between management and employees [13% of pay each] and the share of employees so calculated will be deducted from the agreed wage increase while revising salary and allowances.</span></span></p> <p class="MsoNormal" style="text-align: justify; text-indent: -0.5in; word-spacing: 0pt; margin-left: 1in; margin-top: 0pt; margin-bottom: 0pt;"> <span style="color:#0000ff;"><span style="font-family: Arial Rounded MT Bold;">4.<span style="font-family: "Times New Roman"; font-style: normal; font-variant: normal; font-weight: normal; font-size: 7pt; line-height: normal; font-size-adjust: none; font-stretch: normal;"> </span></span><span style="font-family: "Arial Rounded MT Bold";">All other issues of the Management and Association discussed during the process of negotiation will be settled to the mutual satisfaction.</span></span></p> <p class="MsoNormal" style="text-align: justify; text-indent: -0.5in; word-spacing: 0pt; margin-left: 1in; margin-top: 0pt; margin-bottom: 0pt;"> <span style="color:#0000ff;"><span style="font-family: Arial Rounded MT Bold;">5.<span style="font-family: "Times New Roman"; font-style: normal; font-variant: normal; font-weight: normal; font-size: 7pt; line-height: normal; font-size-adjust: none; font-stretch: normal;"> </span></span><span style="font-family: "Arial Rounded MT Bold";">The parties will meet on mutually convenient dates to draw out a detailed Joint Note on the various issues on which consensus positions have been reached. The parties will endeavour to finalise the Joint Note within a period of ninety days from the date of this minute.</span></span></p> <p class="MsoNormal" style="text-align: justify; word-spacing: 0pt; margin-top: 0pt; margin-bottom: 0pt;"> <span style="color:#0000ff;"> <span style="font-family: "Arial Rounded MT Bold";"> </span></span></p> <p class="MsoNormal" style="text-align: center; word-spacing: 0pt; margin-top: 0pt; margin-bottom: 0pt;" align="center"> <span style="color:#0000ff;"> <span style="font-family: "Arial Rounded MT Bold";">Signed on Mumbai on 27<sup>th</sup> November 2009</span></span></p> <p class="MsoNormal" style="text-align: justify; word-spacing: 0pt; margin-top: 0pt; margin-bottom: 0pt;"> <span style="color:#0000ff;"> <span style="font-family: "Arial Rounded MT Bold";"> </span></span></p> <p class="MsoNormal" style="text-align: justify; word-spacing: 0pt; margin-top: 0pt; margin-bottom: 0pt;"> <span style="color:#0000ff;"> <span style="font-family: "Arial Rounded MT Bold";"> </span></span></p> <p class="MsoNormal" style="text-align: justify; word-spacing: 0pt; margin-top: 0pt; margin-bottom: 0pt;"> <span style="color:#0000ff;"> <span style="font-family: "Arial Rounded MT Bold";"> for MANAGEMENT For OFFICERS’ ASSOCIATION</span></span></p> <p class="MsoNormal" style="text-align: justify; word-spacing: 0pt; margin-top: 0pt; margin-bottom: 0pt;"> <span style="color:#0000ff;"> <span style="font-family: "Arial Rounded MT Bold";"> </span></span></p> <p class="MsoNormal" style="text-align: justify; word-spacing: 0pt; margin-top: 0pt; margin-bottom: 0pt;"> <span style="color:#0000ff;"> <span style="font-family: "Arial Rounded MT Bold";">/sd/ /sd/ AIBOC / AIBOA/INBOC/NOBO</span></span></p></span>Wage revisionhttp://www.blogger.com/profile/06873920075693082616noreply@blogger.com1tag:blogger.com,1999:blog-4041027694035482260.post-76943554767396335092009-11-27T01:38:00.000-08:002009-11-27T01:47:36.261-08:00CONGRATS & RED SALUTES<div>CONGRATS & RED SALUTES</div><div>– UFBU SIGNS MINUTES WITH IBA</div><div>– ANNUAL WAGE INCREASE OF RS. 4816 CRORES FROM 1-11-2007</div><div>– ONE MORE OPTION FOR PENSION ACHIEVED </div><div><br /></div><div><br /></div><div>WE DEDICATE THIS ACHIEVEMENT TO THE MEMORY OF</div><div>COM. PRABHAT KAR ON HIS 25TH DEATH ANNIVERSARY DAY</div><div><br /></div><div>Yes, today, 27-11-2009, is the 25th death anniversary of our great leader and doyen of</div><div>bank employees trade union movement, Com. Prabhat Kar. On this solemn day and during</div><div>the centenary year of this father of our movement, we deem it a befitting commemoration</div><div>and tribute to his life-long pioneering role in shaping up the service conditions of bank</div><div>employees that the Minutes have been signed with the IBA on our wage revision demand</div><div>and more importantly, securing another option for more than 3 lacs of</div><div>employees/officers/retirees to get the benefit of our unique pension scheme.</div><div>Salient features:</div><div>a) Annual wage increase of Rs. 4816 crores (Rs. 2239 crores for officers and Rs. 2576</div><div>crores for workmen employees) w.e.f. 1-11-2007.</div><div>b) All the existing employees who are now in PF scheme will be given an option to join the</div><div>existing pension scheme.</div><div>c) All those who have retired after the date of Pension Regulations till date will also be</div><div>given an option to join the pension scheme.</div><div>d) Full settlement on the above to be finalized within 90 days.</div><div><br /></div><div> __________7th BPS ______ 8th _______ BPS NOW</div><div><br /></div><div>Additional annual wage load 12.25 % 13.30 % 17.50 %</div><div><br /></div><div><div>Total quantum of annual wage 1497 crores 2200 crores 4816 crores</div><div>increase (Officers & Workmen)</div><div><br /></div><div><div>Annual Average Per Capita Increase:</div><div>Ø For Workmen employees 12,550 23,300 56,200</div><div>Ø For Officers 24,025 43,600 91,800 </div><div><br /></div><div><br /></div></div></div><div><br /></div><div>ONE MORE OPTION TO JOIN PENSION SCHEME- A UNIQUE ACHIEVEMENT:</div><div>– In 1993, after bitter struggles and against all odds, AIBEA and AIBOA achieved</div><div>pension scheme for bank employees. Today, once again, with the leading role of</div><div>AIBEA and AIBOA, another milestone has been anchored. More than 3 lacs bank</div><div>employees, officers and retirees will now get another option to join the pension</div><div>scheme to insulate themselves with this unique social security benefit. It is a very</div><div>commendable achievement indeed.</div><div>–</div>Wage revisionhttp://www.blogger.com/profile/06873920075693082616noreply@blogger.com1tag:blogger.com,1999:blog-4041027694035482260.post-50212209341672222742009-11-27T00:50:00.000-08:002009-11-27T00:53:52.166-08:00MOU SIGNED BETWEEN IBA & UFBU<ol><b>CONGRATULATIONS TO ALL OF YOU FOR UNIQUE DISPLAY OF UNITY. MOU SIGNED BETWEEN UFBU & IBA ON WAGE REVISION SETTLEMENT & PENSION OPTION. WAGE REVISION 17.5%, PENSION TO ALL - COST SHARING 70:30, FINALISATION OF SETTLEMENT & ARREARS PAYMENT SHALL BE WITHIN 90 DAYS. DETAILS FOLLOW<br /> </b></ol>Wage revisionhttp://www.blogger.com/profile/06873920075693082616noreply@blogger.com0tag:blogger.com,1999:blog-4041027694035482260.post-36192471872919112052009-11-25T02:19:00.000-08:002009-11-25T02:21:10.859-08:00BA, bank union to meet over wage revision<div style="text-align: justify;">KOLKATA: The Indian Banks' Association (IBA) and United Forum of Bank Unions (UFBU) have agreed to meet on November 27 to take the wage bipartite<br /><br />talks forward. Over 7 lakh public sector bank employees will keenly wait for the outcome of the meeting. Wage revision for them is due from November 2007.<br /><br />Incidentally, both negotiating parties have agreed on a 17.5% wage hike. They have also in principle agreed to offer monthly pension to 2.66 bank employees, who did not opt for it in 1993. But their last meeting in the final week of September remained inconclusive as they could not arrive at the accounting methodology of pension.<br /><br />"Issues like accounting for the cost of pension and the cost sharing arrangement between bank management and employees, the proposed introduction of New Pension Scheme (NPS) and variable pay are some issues that need to be resolved," said All India Bank Employees Association (AIBEA) president Rajen Nagar.<br /><br />UFBU -- the umbrella organization for nine leading bank unions -- is not also comfortable with IBA’s proposal to introduce NPS for bankers joining after April 2010.<br /><br />IBA and UFBU jointly finalise the pay hike plans for public sector bank employees. Talks on the eighth bipartite meeting has been on for quite sometime now. Public sector banks including State Bank of India have 2.44 lakh officers and 4.68 lakh workmen employees who are awaiting a wage revision now.<br /></div>Wage revisionhttp://www.blogger.com/profile/06873920075693082616noreply@blogger.com1tag:blogger.com,1999:blog-4041027694035482260.post-87828495917256457502009-11-11T23:30:00.000-08:002009-11-11T23:32:01.188-08:00Bank Wage Revision : Are the Unions leaders in backfoot ?<div style="text-align: justify;"><span class="Apple-style-span" style="font-weight: bold; ">Still there is no news about the next date of talks with IBA as it appears IBA wants to wear out these retired union leaders who are not in touch with the mood of the general employees and officers. IBA is trying that by delaying the next around of talks to the maximum extent possible they will frustrate these leaders who will be forced to sign on dotted lines. Union leaders are not at a bargaining advantage at this stage, as they have failed to get an honourable settlement at appropriate time due to their own politics. </span></div><span style="font-weight:bold;"><div style="text-align: justify;">The best time to get a reasonable settlement was around November 2007, when the new settlement had become due. At that time communists shared power with the government (most of bank unions are affiliated with communist parties) and elections were around the corner. Central Government employees were able to extract the maximum by hitting at the right time. </div><div style="text-align: justify;">It is surprising that Bankers are frequently asked by Communists to go on strike on issues which are their personal agendas and not wage settlement or improvement in working conditions of the employees. They ask Bank union leaders to go on strike on petty issues which are related purely to their politics. However, we have never heard any communist leader either on TV or newspaper, wherein they come openly to support an honourable settlement for bank employees or ask for All India strike in favour of bank employees.</div><div style="text-align: justify;">Do you remember when did the last time any communist leader (like Somnath Chatterjee, Karat Parkash , SitaRam Yechury) has given any statement in favour of bank employees or taken up this cause with Finance Minister or Prime Minister or spoken about the same in Parliament? Do you remember any contribution of communist leaders for better pay for bank employees when they shared power for over four years with Congress Government? Did they ever made any strong (we are not even aware of weak) speech in Lok Sabha or Rajya Sabha in favour of pay parity of bank employees with Central Government employees? Answer to all these are in negative. However, all these MPs ensued that their salaries and perks are increased manifold.</div><div style="text-align: justify;">However, sensing the mood of the bankers, unions are now desperately trying to face save themselves and issue statements as if negotiations are going on with IBA. Therefore, they meet among themselves issue statements giving impressions to gullible bankers as if matters are under strong discussions with IBA. It is heard that a meeting of the UFBU was held on 4/11/2009, at Chennai. Com P S Pillai (President, BEFI) presided over the meeting. The following decisions were taken by UFBU:The meeting took note of the negative approach of the Government in relation to the revised scheme of compassionate ground appointment / financial compensation to the family of the employees dying in harness and felt that the scheme as discussed and finalized between UFBU and IBA should be got expedited.In respect of condition of the IBA that the entire cost of pension arising out of the wage revision to be adjusted from the proposed wage revision and that in the next settlement again another actuarial valuation should be carried out and the gap should be funded by employees sharing the same, after detailed discussions, the UFBU while rejecting the above conditions, expressed its view that the additional pension cost can be adjusted by sharing a portion of the same as was done in the 7th and 8th bipartite wage revision.In respect of IBA’s condition that a new contributory pension scheme should be accepted by the unions from 1-4-2010 as a pre-condition for extending one more option for pension scheme, the UFBU felt that a mutually acceptable solution should be worked out to resolve the same as unilateral imposition of such conditions are not acceptable.In respect of IBA’s suggestion for introduction of the concept of fixed pay and variable pay for bank employees / officers, UFBU decided not to accept the proposal.Based on the above, the meeting decided to pursue the issues with the IBA during the next round of talks to be held shortly and to expedite the conclusions as early as possible.</div><div style="text-align: justify;">No union leader has the courage to respond to the numerous queries of the bankers who are anxiously waiting for honourable settlement.</div></span><div style="text-align: justify;"><br /></div><span style="font-style:italic;">(These analysis is made by a bank employee, debates are welcome in this issue. Publisher of this blog is neither in favour nor against of the opinion)</span>Wage revisionhttp://www.blogger.com/profile/06873920075693082616noreply@blogger.com1tag:blogger.com,1999:blog-4041027694035482260.post-68932848211790384432009-11-04T20:28:00.000-08:002009-11-04T20:30:52.807-08:00UFBU Meeting on 04-11-09A meeting of the UFBU was held today (04-11-09) in Chennai. Com P S Pillai (President, BEFI) presided over the meeting.<br /><br />1. The meeting took note of the negative approach of the Government in relation to the revised scheme of compassionate ground appointment/financial compensation to the family of the employees dying in harness and felt that the scheme as discussed and finalized between UFBU and IBA should be got expedited.<br /><br />2. As regards the condition of the IBA that the entire cost of pension arising out of the wage revision to be adjusted from the proposed wage revision and that in the next settlement again another actuarial valuation should be carried out and the gap should be funded by employees sharing the same, after detailed discussions, the UFBU while rejecting the above conditions, expressed its view that the additional pension cost can be adjusted by sharing a portion of the same as was done in the 7th and 8th bipartite wage revision.<br /><br />3. Regarding IBA’s condition that a new contributory pension scheme should be accepted by the unions from 1-4-2010 as a pre-condition for extending one more option for pension scheme, the UFBU felt that a mutually acceptable solution should be worked out to resolve the same as unilateral imposition of such conditions are not acceptable.<br /><br />4. Regarding IBA’s suggestion for introduction of the concept of fixed pay and variable pay for bank employees/officers, UFBU decided not to accept the proposal.<br /><br />Based on the above, the meeting decided to pursue the issues with the IBA during the next round of talks to be held shortly and to expedite the conclusions as early as possible.<br /><br />Comrades, we are aware that speculations and rumours are being circulated here and there which are only adding to the anxieties of the membership. Hence UFBU appeals to all units and members not to fall a prey for such propaganda and close up the ranks at this crucial juncture when all attempts are being made by the UFBU to expedite the settlement.Wage revisionhttp://www.blogger.com/profile/06873920075693082616noreply@blogger.com5tag:blogger.com,1999:blog-4041027694035482260.post-20282324277670401002009-11-02T21:15:00.000-08:002009-11-02T21:16:28.091-08:00SBI earnings climb by 10%<span style="font-weight:bold;">MUMBAI:</span> State Bank of India, the nation’s largest, said quarterly earnings climbed 10% on gains from bonds and currency trading even as its profits from lending to companies and individuals fell. Bad loans rose. Net profit advanced to Rs 2490 crore in the September quarter matching estimates, from Rs 2260 crore a year earlier, the bank said in a statement. <br /><br />A survey of analysts forecast showed its net profit may rise to Rs 2460 cr. "The performance would have been much better had it not been for the huge liquidity overhang, additional provisions for pensions and wage settlement," said O.P. Bhatt, the chairman of the bank. State Bank of India is fighting a deluge of deposits rush after the collapse of Lehman Brother Holdings led to a run on many banks which were seen weak. <br /><br />The reduction of benchmark rates by the Reserve Bank of India to beat the credit crisis has brought down the lending rates for borrowers, but the banks, especially public sector ones, were not able to reduce deposit rates proportionately leading to pressure on their profitability. Also, the relaxation of bad loan norms to fight the credit crisis is coming home to roost. <br /><br />"State Bank of India is a barometer of the Indian economy, and if the economy does well, so should State Bank, especially given its wide presence," said Sandesh Kirkire, chief executive officer of Kotak Mahindra Asset Management Co., which manages 380 billion rupees in Mumbai. "All indicators of the economy point to a revival and SBI should benefit directly from it," press reported Kirkire as saying. <br /><br />Treasury profits rose 236% to Rs 545 crore from Rs 162 crore while profit from core fee income, i.e., commissions and brokerages, rose 58% to Rs 2103 crore, from Rs 1331 crore a year earlier, the bank said. But the lending business has not improved to the pre-credit crisis levels even as the central bank has cut its loans growth for the fiscal year to 18% from 20% earlier. <br /><br />Its pre-tax profits from corporate lending fell 10.4% to 1,408 croers in the September quarter, from 1,573 crores a year earlier. So was the case with retail lending where pre-tax profits fell 27 % to Rs. 1703 crores from Rs. 2,337 crores a year earlier, according to the statement. <br /><br />The stress in the economy despite the credit easing measures is reflected in rising bad loans of the bank. Gross non-performing assets, or NPA, rose to 2.99% in September ‘09 quarter, from 2.79% in the preceeding quarter. The incremental retail NPAs accounted for 44% of total incremental NPA. <br /><br />The bank has provided Rs 7449 crore crore for bad loan on its gross NPA of Rs 17,376 crore. Its provision coverage ratio (PCR) stood at 42.8%. Mr Bhatt said that if RBI’s norm that all banks should have PCR of 70% is to be adhered, the bank will have to make additional provision of Rs 5,000 crore. <br /><br />The bank’s NPA has increased by Rs 1662 crore in six months ending September 09. Deposits rose 25%, despite its attempts to stem the flow by lowering the interest rates. The deposits rose by Rs 9341 crore in second quarter compared to Rs 67,000 crore in the first quarter when investors fled for safety. The share of low cost deposits stood at 40.9% against 39.7% a year ago. Loans were at Rs 580,237 crore, growing 16% from a year ago.Wage revisionhttp://www.blogger.com/profile/06873920075693082616noreply@blogger.com1tag:blogger.com,1999:blog-4041027694035482260.post-76320423694043515622009-10-27T23:30:00.000-07:002009-10-27T23:33:18.071-07:00Government betrayed Bank EmployeesCHANDIGARH: The Government has betrayed 10 lacks bank employees of the country. Bank employees wage revision was due in November, 2007.In the last two year number of negotiation meetings took place. <br /><br />On 9th June IBA offered 17.5% wage revision and one more option of pension to bank employees. Unions were demanding 20% plus for wage revision and one more option of pension. First time in the history of banking and wage negotiations Govt. reduced their offer from 17.5% to 15 and then 13%.<br /><br />After observing two days strike on 6th and 7th August, 2009 Govt. restored their offer of 17.5% but put some more conditions like implementation of New Pension Scheme from 1.4.2010 for one more option of Pension Unions opposed it. In the last round of negotiation held on 24th September, 2009 IBA brought some more management issues like outsourcing and performance linked wages which were also rejected by the unions. Unions also protested against the IBA’s demand for sharing of deficit in Pension Fund during the next wage revision and thereafter no meeting took place.<br /><br />Before Deepawali Govt. through Electronic and Print media gave the signal that they will settle the issues of bank employees and they will get wage revision before Deepawali. Through these signals Govt. took advantage in elections in three States. But no real efforts were made by the Govt. to settle the issues.<br /><br />Sharing of deficit in Pension Fund during the next wage revision issue is pending with the Finance ministry. NOBW demands that Govt. should keep its word and settle the issues.Wage revisionhttp://www.blogger.com/profile/06873920075693082616noreply@blogger.com0tag:blogger.com,1999:blog-4041027694035482260.post-21841647508009148462009-10-27T23:25:00.000-07:002009-10-27T23:29:58.966-07:00Bankers may need to wait a little longer for wage hikeKOLKATA: There is always a slip between the cup and lip, as they say. And for nearly eight lakh bank officers and employees waiting for their five-yearly wage hike, the gap may not be bridged in a hurry. This is even as the Indian Banks Association(IBA) and United Forum of Bank Unions (UFBU) have agreed upon a 17.5% wage hike.<br /><br />But, there seems a devil hiding in the details of the proposed option to join the pension scheme for those who are out of the pension net currently. Issues like accounting for the cost of pension and its cost-sharing arrangement between bank management and employees have cropped up which is delaying the entire negotiation process. The wage revision is due from November 2007.<br /><br />For starters, IBA and UFBU have now agreed upon a 17.5% wage hike over the establishment expenses of banks as on March 31, 2007. IBA, the body for the bank management, has also in principle agreed to offer the pension option to those who did not opt for it in 1993. Around 2.66 lakh public sector bank employees<br />do not get monthly pension.<br /><br />Even after agreeing on the second pension, IBA has put fresh conditions. It now wants employees to share a burden for building up the pension corpus. Then, the proposed introduction of New Pension Scheme (NPS) and variable pay are still need to be resolved, said All India Bank Employees Association (AIBEA) president Rajen Nagar. AIBEA is the largest bank union.<br /><br />Top bankers who are part of the wage negotiation did not want to officially comment at this juncture. Yet, they have confirmed that IBA has agreed in principle to offer the second option for pension.<br /><br />For the second pension option, banks (barring SBI) will have to shell out an additional Rs 6,000 crore collectively. IBA is also likely to consider pension option for bankers who retired before March 31, 2008 and are out of the purview of pension scheme.<br /><br />Although, both the parties have in principle agreed to the core issues, some details are yet to be worked out, said State Bank of India’s employee’s association s general secretary for Bengal circle, Shyamal Karmakar. However, this pension issue does not really bother SBI employees who are always entitled to pensions.<br /><br />However, UFBU -- the umbrella organisation for nine leading bank unions -- is not also comfortable with the IBA s proposal to introduce NPS for bankers joining after April 2010. We want the old pension scheme to continue till October 31, 2012. We have committed that unions will discuss the issue of NPS after this. Mr Nagar said. Incidentally, the ninth bipartite settlement will be valid till October 31, 2012.<br /><br />We are also against the concept of variable pay. It deteriorates performance rather than improving it, Mr Nagar opined.Wage revisionhttp://www.blogger.com/profile/06873920075693082616noreply@blogger.com9tag:blogger.com,1999:blog-4041027694035482260.post-87283823321805508962009-09-29T22:14:00.000-07:002009-09-29T22:16:24.632-07:00TALKS WITH IBA Date: 24 / 09 / 2009To All Constituent Unions & Members,<br />Dear comrades,<br />TALKS WITH IBA TODAY<br /><span style="font-style:italic;">Bipartite talks were held today with the IBA in Mumbai. IBA was represented<br />by Mr. M. V. Nair, Chairman and other members of the Negotiating Committee.<br />From our side representatives of all our unions participated in the talks.<br />All issues like quantum of wage increase, option to join pension scheme by<br />employees in PF, extending the option to retirees, Compassionate Appointment<br />/ Financial Compensation Scheme, etc were discussed in the meeting. IBA took<br />up their issues like outsourcing, streamlining the special pay posts, etc. Issues<br />like accounting the cost of pension, introducing new pension scheme etc was<br />also taken up by them. Discussions were held to take the issues forward with<br />amicable solutions. While some progress has been made to sort out the various<br />issues during today’s talks, there are also some hurdles and difficulties which<br />are needed to be overcome.<br />It was decided to discuss these issues further in next round of meeting and<br />endeavor to resolve the issues at the earliest to reach broad understanding on<br />the issues and to expedite the final settlement.<br />The discussions have now entered a crucial stage and hence we need to be<br />extremely careful while taking all efforts to finalise the settlement.</span>Wage revisionhttp://www.blogger.com/profile/06873920075693082616noreply@blogger.com0tag:blogger.com,1999:blog-4041027694035482260.post-21629333218613667492009-09-22T03:42:00.000-07:002009-09-22T03:52:14.385-07:00Bankers are not in a high-wage island<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhY6eTkApsLYWH9FxEPJBHConTZh2uOjQGtQ-78acFx5NBzTVk3QFi_IqBBoGSVJiUu2eLFmqezWpjP3yLNGhsYngdC_o8FtvZo3XM9DVfw4WYbwGZoWQiYecC49vkKMpVmEslYTCTsedAY/s1600-h/2009092250340901.jpg"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 400px; height: 230px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhY6eTkApsLYWH9FxEPJBHConTZh2uOjQGtQ-78acFx5NBzTVk3QFi_IqBBoGSVJiUu2eLFmqezWpjP3yLNGhsYngdC_o8FtvZo3XM9DVfw4WYbwGZoWQiYecC49vkKMpVmEslYTCTsedAY/s400/2009092250340901.jpg" alt="" id="BLOGGER_PHOTO_ID_5384240705111882674" border="0" /></a><span style="font-size:78%;">
<br /></span><div style="text-align: center;"><span class="leftnavi" style="font-size:78%;"><em style="">A bank officer</em> earns just over half that of a Group ’A’ Central Government officer at the lowest level.</span>
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<br /><i><i>While the Pillai Committee recommendations, implemented in July 1979, established parity between bank and government officers, subsequent Pay Commissions over the years have widened the gap between the two categories.</i></i><i><i>
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<br /><meta equiv="CONTENT-TYPE" content="text/html; charset=utf-8"><title></title><meta name="GENERATOR" content="OpenOffice.org 3.1 (Win32)"><style type="text/css"> <!-- @page { margin: 0.79in } P { margin-bottom: 0.08in } --> </style> <p>K. Anandakumar </p> <p>A myth has slowly gained ground that bank employees are paid inordinately high wages. While arriving at this opinion, there has been no attempt to compare the wages of bank employees with other comparable professions, chiefly those employed in government. A closer scrutiny would suggest that bank employees are, in fact, poorly paid, and not part of a high-wage island. </p> <p>In a perfect market, every factor of production gets its due share. But in reality, markets are unfair and imperfect. The stakes are loaded heavily against the working class; that explains the growing disparity between the capital-owning/top managerial class and the labour class, despite breathtaking GDP growth rates. </p> <p>The disparity exists not just vis-À-vis labour and the managerial class, but also across categories of the labour class. The latter exists because “relativity” has not been maintained.</p> <p>There are two forms of relativity that need to be considered — internal relativity, which looks into whether the salary levels within the organisation correspond to the organisational hierarchy; and external relativity, which deals with the relationship between the wages paid and the market wages. </p> <p>GOVT EMPLOYEES FAVOURED </p> <p>Prior to 1979, Group ‘A’ Officers of Central Government were earning less than bank officers. In 1979, the Pillai Committee was constituted to study the salary structures of bank officers and Group ‘A’ Officers of the Central Government and bring equity among various banks. </p> <p>The Committee observed that the functions and responsibilities of bank officers in the new set-up were comparable to those of Group ‘A’ Officers in the Central Government and suggested pay parity between them. </p> <p>The Pillai Committee recommendations were implemented in banks with effect from July 1, 1979, and the pay scale of the lowest rung of officers in banks were equated with pay scales of the lowest rung of Group ‘A’ Officers of Central Government at Rs 700.</p> <p>The parity which was established by implementing the Pillai Committee Recommendations was distorted by subsequent Pay Commission revisions. In the Sixth Pay Commission, the wages of Group ‘A’ Officers zoomed past the bank officers’ wages. External relativity was given a quiet burial. </p> <p>It is quite appropriate to compare the salary of bank officers with Group ‘A’ Officers of the Central Government to ascertain whether bank officers constitute a high-wage island. </p> <p>The basic pay according to the Fifth Pay Commission for Group ‘A’ Officers was Rs 8,000 and the corresponding pay for bank officers was Rs 7,100. But in the Sixth Pay Commission the basic pay for Group ‘A’ Officers of the Central Government went up to Rs 21,000 (basic pay Rs 15,600 + grade pay Rs 5,400) whereas the pre-revised basic pay of bank officers was only Rs 10,000. </p> <p>Between the Fifth and the Sixth Pay Commissions, the basic pay of Group ‘A’ Government officers went up by 162.5 per cent. </p> <p>The gross salary of government officers was Rs 31,312, whereas the bank officer’s salary was only Rs 16,110. It can be seen that a bank officer draws a gross salary which is just 51.45 per cent of the gross salary of Group ‘A’ officers at the lowest rung. </p> <p>Even house rent allowance was paid at 30 per cent of basic pay for government officers, whereas bank officers were getting a maximum of 8.5 per cent in metros. The pre-revised salary of the bank clerk was Rs 6,600 as compared with the Central Government clerk’s salary of Rs 11,000.</p> <p>Many State Governments have adopted the Sixth Pay Commission Recommendations. A number of public sector undertakings have implemented the Pay Commission recommendations as a benchmark for their salary revision. </p> <p>The government, public sector and private sector undertakings are paying high salaries to their entire workforce, with the exception of the banking sector. Given these facts, can bank officers and employees be described as belonging to an island of high wages?</p> <p>MORE WORK, LESS PAY </p> <p>The business hours for the customers used to be four hours a day and working hours for the staff was seven hours with a 30-minute lunch break. To provide best customer service, the business hours have been increased to six hours, within the stipulated working hours of seven hours a day. After business hours, the bank staff need three to four hours to complete back-office work at the branch level, because of which the working hours for officers are practically extended to about 11 hours a day without any monetary compensation or increase in salary structure, whereas new generation private sector banks duly compensate the extended working hours in their salary packages.</p> <p>We have completed 40 years of bank nationalisation, and we owe our gratitude to the then Prime Minister Indira Gandhi for taking the bold step. The country’s transformation since then is in no small measure due to the role played by nationalised banks.</p> <p>We feel proud to work in nationalised banks and be part of the nation-building exercise. </p> <p>We started with social banking but now have almost attained the standards of global banking. Yet, we are paid less than municipal wages.</p> <p>The need of the hour is to restore the pay parity with government employees and uphold external relativity as done by the Pillai Committee 30 years ago.</p> <p>(The author is Vice-President, AIBOC.) </p>
<br />Wage revisionhttp://www.blogger.com/profile/06873920075693082616noreply@blogger.com6tag:blogger.com,1999:blog-4041027694035482260.post-59559073766615723552009-09-17T00:06:00.000-07:002009-09-22T04:46:47.104-07:00Salary preperation templeteThis template is helpful for the Bank Officers/managers who want to manage their expenses , tax calculation,salary automation etc , its handy and simple to use , Prepare your salary with the help of this template . Just change the Basic to your current basic.<br /><br />http://templates.services.openoffice.org/en/node/2769<br /><br />(To open above template you need to download the "Open office" software from : http://www.openoffice.org/)<br /><br />http://www.2shared.com/file/7970091/dda507ae/bank_po1.html<br /><br /><br />(To open above template e you need to have MS office)Wage revisionhttp://www.blogger.com/profile/06873920075693082616noreply@blogger.com1tag:blogger.com,1999:blog-4041027694035482260.post-88790352775106507502009-09-16T22:00:00.001-07:002009-09-16T22:00:57.049-07:00Salary Difference Central Govt Employees V/S Bank Employees (in May 2009)<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhNMIfg_A3gDfGdU-YKMSV7Q_Bx1zUCwO4FpStQ46WaISX8aA-0dDMMxm7PNkYXYnhc0q8WGqYK7C0vcp1DHd3ZG5k0E7pnXvm7PYnnnifD8uwa_8rNGjw1TNWp6_T4Y7LA5t_tkaqr2uWZ/s1600-h/Presentation1.jpg"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 568px; height: 425px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhNMIfg_A3gDfGdU-YKMSV7Q_Bx1zUCwO4FpStQ46WaISX8aA-0dDMMxm7PNkYXYnhc0q8WGqYK7C0vcp1DHd3ZG5k0E7pnXvm7PYnnnifD8uwa_8rNGjw1TNWp6_T4Y7LA5t_tkaqr2uWZ/s400/Presentation1.jpg" alt="" id="BLOGGER_PHOTO_ID_5382296771472781218" border="0" /></a>Wage revisionhttp://www.blogger.com/profile/06873920075693082616noreply@blogger.com0