ALL INDIA STATE BANK OFFICERS’ FEDERATION
(Registered under the Trade Unions Act 1926, Registration No: 727/MDS)
State Bank Buildings, St. Mark’s Road, Bangalore – 560 001

CIRCULAR NO. 36

DATE: 03. 05. 2018

TO ALL OUR AFFILIATES/MEMBERS:

MEETING AT DFS TODAY – 2ND MAY 2018

We reproduce hereunder the text of AIBOC Circular No. 2018/15 dated 2nd May, 2018 contents of which are self-explicit.

(Y. SUDARSHAN)
GENERAL SECRETARY

TEXT

QUOTE: The Finance Ministry invited us for a discussion based on the memorandum we had submitted to Department of Financial Services and RBI. The meeting took place at the Office of Mr. Ravi Mittal, Additional Secretary Finance. Mr. Amit Agarwal, Joint Secretary, DFS also joined.

Discussions were held on the following issues:

1. Wage Revision:  The talks have resumed but the issue of Mandate and Quantum has to be settled. Lady Officer’s issues were to be taken care.

The response was positive. The addl. Secretary said “Your arguments are well taken. We will see what best can be done”

2. Appointment of Officer Director / Employee Director: The response was that steps have been taken.

3. Implementation of the recommendation of Parliament Standing Committee on NPA: The response was that the Standing Committee is going to come up with fresh recommendations soon.

4. Levy for Tax on Net Profit: The response was that it will be explored with the concerned ministries.

5. Tax on CRR: The response was that it is an issue RBI has to decide.

6. Reimbursement of Expenditure on Govt Schemes:  No response

7. Cross Selling: The response was very positive. The officials are also of the opinion that the income should be credited to the Banks commission account.

8. Review of RBI Policies; PCA, NCLT etc: Now no proposal for Bad Bank. The issues are to be taken up with RBI.

9. Service Tax on Banks for on Services Charges waived: The response was that efforts are on to solve the issue.

10. Superannuation Benefits: We have submitted detailed memorandum related to various issues concerning superannuation benefits.

11. General: The Banking Sector may take another two years to get rid of the problems. Image of the Banking system has to be restored by all of us together.

Comrades, this is the first time we were invited for an official discussion. The discussions were positive. The dialogue should continue.

Comradely yours,
Sd/-
(D. T. FRANCO)
GENERAL SECRETARY

Encl: Copy of the letter submitted to DFS today.

Text of letter No. AIBOC/2018/28 dated 01. 05. 2018

The Additional Secretary,
Department of Financial Services
Govt of India
NEW DELHI

Dear Sir,

Issues affecting Banking Sector

Thank you very much for inviting us for a discussion. We thank the Ministry for the following:

1. The IBA has called us for the Wage Negotiation on 5th May 2018 after our meeting with the Secretary, DFS on 21. 03. 2018.

2. The implementation of Ind As has been deferred by one year giving small relief to Banks.

3. RBI has reduced the provision for accounts transferred to NCLT by 40% instead of 50%.

4. The provision for Investment Fluctuation has been allowed to be spread for 4 quarters instead of one.

However the following issues remain and we request your urgent intervention.

Wage Revision: The issue of restricted mandate has not been settled yet. SBI, PNB, UBI, Indian Bank, CBI and BOB have given restricted mandate. This requires your personal intervention.

There is widespread disenchantment with the salary structure. Recently Karnataka, Andhra Pradesh and Telengana Govts. have given a good salary hike. Hence, we request your intervention for a decent wage hike without looking at the Net Profit as Banks are instrumental in implementing the Govt. schemes without any compensation. Moreover, in the last 3 years Banks have written off Rs. 2,41,000 Crores and our Wage Revision cost will be negligible in comparison. Without employee satisfaction the Banks can’t grow.

The starting basic of an officer in Govt is Rs. 56100/-

The starting basic of an officer in RBI is Rs. 35150 /-

The starting basic of an officer in LIC is Rs. 33745/-

The starting basic of an officer in Bank is Rs. 23700/-

Basic Pay is crucial for everything including superannuation. Hence we request that it should be similar to that of the Central Govt. Officers as presented by the Pillai Committee.

Our other demands are:

i) Five Day Week

ii) Regulated Working Hours

iii) Child care leave for ladies with salary

iv) Crèche facility

v) Assured Pension etc.

[Copy of Charter of Demands & Further Notes submitted to IBA enclosed]

Appointment of Officer Director / Employee Director. At present no Public Sector Bank has an Officer Director or Employee Director.

Implementation of the Recommendation of the Parliament Standing Committee on NPA. If the recommendations are implemented the entire Banking Industry can be saved. (Copy of the Report enclosed)

Please don’t levy tax on Gross Profit. The tax should be on net profit. RBI should provide interest on CRR which at present is almost one lakh crores. This will help the Banks.

Reimburse Expenditure on Govt Schemes. The expenditure on Jandhan, Pension Yojana and other Govt Schemes if reimbursed will help the Banks.

Stop Cross Selling: In the name of Universal Banking we have allowed Banks to sell insurance, Mutual Funds & other products. The huge incentive has lead to misselling. Please intervene. (Note Enclosed)

Review PCA: The 11 banks under PCA have not improved their performance. Hence a review is needed.

Review IBC & NCLT: Both have created lot of problems. They are not helping Banks but benefit the defaulters and new purchasers of the companies. Urgent steps are needed.

Yours faithfully,
Sd/-
D. T. Franco
General Secretary
Encl: As above

Source: http://aisbof. org/

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CIRCULAR TO UNITS

Dear Comrades,

DISCUSSIONS WITH IBA ON 14.11.2017

One more round of discussions took place between IBA and our Workmen Unions yesterday i.e.14.11.2017 in IBA Office ain Mumbai.

IBA’s Sub-Committee was represented by Mr. Rakesh Sharma (MD, Canara Bank and Chairman of the Sub-Committee), Mr. V.G. Kannan(Chief Executive, IBA), Mr. B. Raj Kumar(Dy. Chief Executive, IBA), Mr. M.K Gupta(GM, Bank of India), Mr. Punit Jain(GM, PNB), Mr. T.S Seshadri(GM, Indian Bank), Mr. S.K Kakkar(Sr. Advisor, HR&IR, IBA) and Mr. K.S Chauhan(Advisor, IBA).

Our team was represented by Com. C.H. Venkatachalam and Com. B.S. Rambabu(AIBEA), Com. S.K Bandlish and Com. Vinil Saxena(NCBE), Com. Pradip Biswas(BEFI), Com. Subhash Sawant(INBEF) and Com. Upendrakumar(NOBW),

During the meeting, the following issues discussed in the meeting held on 3.11.2017 in the Sub-Group on demands relating to Disciplinary Action and Procedure were informed and further discussion took place.

i. For claiming travelling expenses for defending an employee in the departmental action, existing restrictions of ‘within the state’ be removed.

ii. Subsistence Allowance to be improved upon.

iii. Indiscriminate usage of Clause 5(j) to be stopped through proper guidelines / definition.

iv. Clarification with regard to provision of Clause 6(e) i.e. bringing down by two stages in the scale of pay and applicability of the same to employees who have already reached maximum in the scale of pay.

v. Clarification to be given that minor misconducts clearly enumerated under Clause 7 of BPS dated 10.04.2002 should not be brought as major misconducted under Clause 5.

vi. Multiple charges for one incident should not be made out.

vii. Punishment order by the Disciplinary Authority not to be implemented till the final disposal of Appeal by the Appellate Authority.

viii. Issuance of charge sheet under Pension Regulation to Award Staff after retirement to be stopped since it is not provided in Bipartite Settlement.

ix. Awarding the punishment of stoppage of increments should be without affecting superannuation benefits, as in the case of Officers.

x. Provision for appeal against suspension.

xi. In case of punishment of dismissals, a provision for Review Authority after Appellate Authority.

xii. Deletion of Fine as a punishment.

It was decided that the conclusions on the discussion on these issues would be finalised in the next meeting.

Thereafter, the following issues were taken up for discussions:

– Simplified formula for calculation of overtime wages. Unions submitted their views and the issue would be discussed further.

– On the issue of introduction of Leave Bank providing for voluntary contribution of leave by the employees to a common pool and utilisation of the same for sanctioning leave to those employees who suffer from major diseases and prolonged illness and have not leave to their credit, Unions submitted their Note containing their views and explained their proposal. It was decided to discuss the issue further.

– On our demands like Child Care Leave for women employees, Sabbatical Leave, Study Leave, etc., it was agreed that Unions would submit a Note for further discussion.

We pointed out that considerable time has elapsed since commencement of the discussions in May, 2017 on our Charter of Demands, but so far IBA has not come forward with their offer on wage increase and hence demanded that the next meeting of the Full Negotiating Committee should be fixed up at the very earliest for this purpose.

With greetings,

Sd…

C.H. Venkatachalam/AIBEA

Sd…

S.K. Bandlish /NCBE

Sd…

Pradip Biswas/BEFI

Sd…

Subhash S.Sawant/INBEF

Sd…

Upendrakumar/NOBW

Source: www.befi.in

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