RAJYA SABHA
UNSTARRED  QUESTION NO. 223

TO BE ANSWERED ON THE 15th September 2020/
Bhadrapada 24, 1942 (SAKA)

Impact of bank merger

223. SHRI PARIMAL NATHWANI:

Will the Minister of FINANCE be pleased to state:

(a) whether the merger of Union Bank of India, Andhra Bank and the Corporation Bank will lead to any loss of jobs for the present employees or loss of any future employment opportunities for the people;

(b) whether Government plans to preserve the strong regional focus which the Andhra Bank had towards the Telugu speaking States; and

(c)     if so, the details thereof and if not, the reasons therefor?

Also check: Bipartite talks on 22 July 2020 – Bank issues like Merger of Special Allowance with Basic Pay

ANSWER

THE MINISTER OF STATE FOR FINANCE (SHRI ANURAG SINGH THAKUR)

(a) to (c): As per inputs received from Union Bank of India, the amalgamation of Andhra Bank and Corporation Bank into Union Bank of India has not resulted in any job loss and instead employees have benefited from the amalgamation as a result of, inter alia, improvement in employees’ perquisites through harmonisation of the same across the three banks and wider career opportunities through introduction of new verticals in cutting-edge areas such as analytics, business process re-engineering, digitalisation etc.

With regard to focus in the regions where Andhra Bank had strong presence, Union Bank of India has informed that the regional focus of the bank towards the states of Andhra Pradesh and Telangana has become even stronger post the amalgamation, with customers of region benefiting due to increase in the number of bank branches and ATMs from which they may avail of banking services, larger bouquet of products and services through harmonisation of the same across the three banks, and enhanced lending capacity for loans of larger size due to increase in size of the balance-sheet. The bank further informed that increased scale and customer base in the region has enabled opening of additional regional offices and credit processing centres, equipping the bank for better serving customers of the region.

Source: Rajyasabha Q&A

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18.07.2020

Com Sanjeev K. Bandlish
Convenor
United Forum of Bank Unions
Chandigarh.

Dear Comrade,

Sub: Bipartite talks on 22 July 2020

Though I did not receive any communication from your office but we understand that a meeting of the Negotiating Committee is slated on 22 July 2020 at Mumbai.

In the wake of recent increase of Covid-19 pandemic in our country, there are suspension withdrawal of public transport including flight operations effective in different Parts of the country.

So far Kolkata is concerned, all flights connecting six cities including Mumbai are suspended till 31st July 2020. There are similar suspension effective in many of the cities. In such situations, many of us may find it difficult to attend meeting at Mumbai on 22nd duly next.

We feel that a lot of time have elapsed since expiry of 10th settlement. A lot of issues like Merger of Special Allowance with Basic Pay: Loading after merger of DA; 5 day banking; improvement of family pension, updation of pension etc. are yet to be settled. The date of expiry of Mediclaim Insurance Scheme for the year is also fast approaching.

Also read: Merger of Dearness Allowance with the Basic Pay w.e.f. April 1, 2004

In the prevailing circumstances, we suggest for holding the meeting scheduled on 22th July 2020 through alternative mode like Video Conferencing. We also suggest for holding virtual meeting of UFBU to arrive at a consensus on the issues prior to the negotiation.

With greetings,

Yours comradely,
(Dabasish Basu Chaudhury)
General Secretary

Copy to: All constituents of UFBU

UNITED FORUM OF BANK UNIONS
(AIBEA- AIBOC -NCBE- AIBOA -BEFI-I NBEF- INBOC- NOBW -NOBO)
C/o. State Bank of India, LHO, Plot No.1, Sector-17A, Chandigarh – 160017
Phone (Office) : 0172-4567142, 4567042, 2702518 Fax – 0172-2721716
Mobile – 09417032548 e-Mail – ufbu.chd@gmail.com

SANJEEV K. BANDLISH
Convenor

LETTER No. UFBU/ 2020/08

Date: 19.07.2020

Dear Sirs,

Reg: IBA’s Communication No. 8973 dated 10-7-2020 regarding next round of discussions on 22-7-2020

While thanking IBA for fixing the date for the next round of discussions at IBA Office in Mumbai on 22-7-2020, 7 out of our 9 Constituent unions have now made a request to hold the discussion through video conferencing in view of thepresent problems for travel, etc. Hence we request the IBA to consider holding the meeting through video conferencing.

We are sending herewith the list of our participants and their place from where they would participate in the discussion.

Thanking you,

Yours faithfully,
(Sanjeev K. BANDLISH )
CONVENOR

Source: BEFI/ UFBU

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Indian Banks’ Association
HR & Industrial Relations

No.CIR/HR&IR/ D/G2/ 2019-20/ 8620

February 1, 2020

Designated Officers of all Nationalised Banks
and State Bank of India

Dear Sir/Madam,

Dearness Relief payable for the period February to July 2020 to surviving pre 1.1.1986 retirees of banks (b) surviving spouses of pre 1.1.86 Retirees who are in receipt of Ex-gratia

As per the directive contained in the Government of India, Ministry of Finance Department of Economic Affairs (Banking Division) letter F.No.11/2/2012-IR dated 17.12.2013, the Dearness Relief payable to surviving pre 1.1.1986 retirees of banks for the period February 2020 to July 2020 on Ex-gratia will be as under :

Also check: Bank Employees Dearness Allowance from February 2020 – DA 2020

Yours faithfully,
S K Kakkar
Senior Advisor(HR & IR)

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In today’s UFBU meeting the discussion revolved around two issues:

A) The issue of extending fraternal support by UFBU constituents to AIBOC on 21st December’18.

B) The view of all constituents on the decision of AIBOC of not taking part in further talks, and also to seek opinion of each affiliate whether they would be taking part in talks should IBA convene any meeting.

On the first issue, there was no unanimity amongst constituents, hence, UFBU Convenor left the decision to individual affiliates.

We are happy to share that some affiliates openly expressed their support and also agreed to join the Dharna at Delhi scheduled on 14th December’18

AIBOC also categorically stated that in future we will also take a call on extending fraternal support, should any affiliate call for a strike or announce any agitational program.

On the second issue, all other affiliates expressed that they would be joining future talks.

UFBU Convenor, requested AIBOC to reconsider the decision of not taking part in further talks.

During the deliberation, AIBOC clarified it’s position that we are firm and resolute in our stand of going ahead with the strike and not taking part in further talks unless the mandate issue was settled.

We also expressed that after assessing the impact of our strike, we will take stock, discuss with all our affiliates and chalk out our future course of action.

General Secretary.
AIBOC

The post Bank Employees Wage Revision – UFBU Meeting 12.12.2018 appeared first on CENTRAL GOVERNMENT EMPLOYEES NEWS.

May 2, 2018

All Members of the Association
(Designated Officers)

Dear Sirs,

Dearness Allowance for Workmen and Officer Employees in banks for the months of May, June & July 2018 under X BPS/ Joint Note dated 25.5.2015

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended March 2018 are as follows:-

January 2018        6573.86
February 2018    6551.03
March 2018          6551.03

The average CPI of the above is 6559 and accordingly the number of DA slabs are 529(6559-4440= 2119/4= 529 Slabs) The last quarterly Payment of DA was at 527 Slabs. Hence there is an increase in DA slabs of 2, i.e 529 Slabs for payment of DA for the quarter May, June & July,

In terms of clause 7 of the 10th Bipartite Settlement dated 25.05.2015 and clause 3 of the Joint Note dated 25.05.2015, the rate of Dearness Allowance payable to workmen and officer employees for the months of May, June & July, 2018 shall be 52.90 % of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

Yours faithfully,
S/d,
K.S.Chauhan
Advisor (HR&IR)

Source: http://www.iba.org.in/

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Andhra Bank
(A Govt. of India Undertaking)
Head Office
HYDERABAD
Department: HUMAN RESOURCES

Circular No.168

Ref No.03/31

Date: 18.8.2017

Reg: Staff – Payment of Bonus – As per Bonus (Amendment), Act 2015. For the Year 2016-17.

Payment of Bonus Act was amended recently. As per the amended provisions the ceiling on salary and wage has been increased from Rs.10000/- to Rs.21000/- per month. As such, employees whose salary/wage does not exceed Rs.21000/- per month are now eligible for bonus.

It has been decided to pay Bonus at the rate of 8.33% of salary to all the eligible employees for the period 01.04.2016 to 31.03.2017.

Salary for this purpose includes 1) Basic pay (including FPP & PQP) 2) Special Pay 3) Dearness Allowance 4) Special Allowance with DA only.

All the branches / offices may note to disburse the Bonus to all the eligible employees as per the procedure given here under:

Tentative list of eligible employees together with Bonus Calculation as per the data extracted from HRMS shall be provided to all Zones.

Zonal Offices should get the data verified and confirm the correctness of eligibility and amount of Bonus paid and payable.

For any modifications required to be undertaken in the list, Zonal Office should submit the details to HO with suitable justification

On receipt of the “Branch-wise difference and addition of Bonus payable details – as per the format given in Annexure-IV” from the Zonal offices, the Bonus Amount will be credited to the “Cheque Proceeds Account” of the Zonal Office for onward distribution to branches.

Branches should enter details of Bonus paid in the Bonus Register for verification by the Labour Department Officials.

The entire exercise of verification of calculation and Payment of Bonus to eligible employees should be completed by 25.09.2017.

For the information of our branches/offices, the important guidelines and illustrations are given in Annexure-I, II and III

All the salary disbursing authorities are advised to go through the contents of this circular carefully and adhere to the stipulations mentioned without any deviation.

(V B BHAGAVATHI)
General Manager (HR)

Download PDF

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Expected DA for Bank Staff from May 2017

Expected DA from May 2017 for Bank Employees

Expected Calculation of Dearness Allowance as per 10th Bipartite Settlement.

Expected DA from May 2017 to July 2017 : We need three months All India Consumer Price Index data to find out  the actual increasing in DA percentage. But, at present we have two months data only. The predicted calculation given below that the CPI(IW)BY 2001=100 increasing one or two points and decreasing one or two points…

AICPIN at 272 for the month of March 2017

AICPIN at 273 for the month of March 2017

AICPIN at 274 for the month of March 2017

AICPIN at 275 for the month of March 2017

AICPIN at 276 for the month of March 2017

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HR & Industrial Relations

No.CIR/HR&IR/H6/2017-18/2534

April 18, 2017

All Members of the Association
(Designated Officers)

Dear Sirs,

Public Holiday on 19th April, 2017 on account of polling of By-Election, 2017

We enclose a copy of notification No. PHD. 1317/346/C.R.64/XXIX dated 10th April, 2017 issued by the Government of Maharashtra declaring Wednesday, the 19th April, 2017 as Public Holiday under the Negotiable Instruments Act, 1881 (XXVI of 1881), on account of polling of By-Election, 2017 in the concerned Municipal Corporation, Zilla Parishads and Panchayat Samiti.

This is for information of members banks.

Yours faithfully,
sd/-
K S Chauhan
Sr. Vice President-HR&IR

Authroity: www.iba.org.in
Click to view the order

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Indian  Banks’ Association

HR & Industrial Relations

No.CIR/HR&IR/76/D/2016-1711996

February 1, 2017

All Members  of the Association
(Designated  Officers)

Dear Sirs,

Dearness  Allowance  for Workmen and Officer Employees  in banks  for the months of February, March  & April  2017 under X BPS/ Joint Note dated 25.5.2015

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base1960= 100) for the quarter ended December 2016 are as follows:-

The average CPI of the above is 6315 and accordingly the number of DA slabs are 469(6315-4440= 1875/4= 469  Slabs) The last quarterly Payment of DA was at 478 Slabs.  Hence there is a decrease in DA slabs of 9, i.e 469 Slabs for payment of DA for the quarter February, March & April 2017.

In terms of clause 7 of the 101h  Bipartite Settlement dated 25.05.2015 and clause 3 of the Joint Note dated 25.05.2015, the rate of Dearness Allowance payable to workmen and officer employees for the months of February, March & April  2017 shall be 46.90  % of  ‘pay’. While arriving at dearness  allowance payable, decimals from third  place  may please  be ignored.

We advise banks to pay the difference between the old and revised salary and allowance to officers on an ad hoc basis, pending amendments to Officers’ Service Regulations.

Yours faithfully,
K S Chauhan
Senior Vice President

Source : IBA

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