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Indian Banks’ Association
HR & INDUSTRIAL RELATIONS

No.CIR/HR&IR/76/D/2014-15/1277

31st January, 2015

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 2015. under IX BPS/Joint Note dt. 27.4.10

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended December 2014 are as follows:-

Oct 2014 – 5774.95
Nov 2014 – 5774.95
Dec 2014 – 5774.95

The average CPI of the above is 5774.95. Consequently, dearness allowance to employees is payable for 734 slabs for the period February, March & April 2015 i.e., an increase of 2 slabs over the Current level.

In terms of clause 7 of the 9th Bipartite Settlement dated 27.04.2010 and clause 3 of the Joint Note dated 27.04.2010, the rate of dearness allowance payable to workmen and officer employees for the months of February, March & April 2015 shall be 110.10% 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 allowances to officers on an ad hoc basis, pending amendments to Officers’ Service Regulations.

Yours faithfully,

Sd/-

K S Chauhan
Senior Vice President

Source: http://www.iba.org.in/Documents/Cir_12770001.pdf

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Conciliation meeting held by CLC today(5.11.2014) – No improvement in IBAs offer – CLC calls for further meeting on 10th instant – UFBU decides to go ahead with the strike

Further to the Strike notice served on the IBA by the UFBU, conciliation meeting was held today in New Delhi by Mr. P.P. Mitra Chief Labour Commissioner, Ministry of Labour, Government of India. IBA was represented by Mr. M.V. Tanksale, Chief Executive, Mr. Unnikrishnan, Dy. Chief Executive and other officials. UFBU was represented by all the constituent unions.

During the conciliation proceedings, the IBA contended that due to the reducing profitability of the Banks, they are unable to accept the demands of the UFBU and stated that for the sake of an amicable settlement, they would be willing to consider improving their present offer provided UFBU agrees to substantially reduce the demands. IBA also suggested that UFBU should defer the strike so that the negotiations may be further continued.

On behalf of the UFBU, we explained the reasonability and justification of our demands and stated that the IBAs offer falls too short of our expectations and hence not at all acceptable. We further stated that looking to the runaway inflation as well as the increasing stress and workload under which bank employees and officers are working now-a-days, we deserve adequate wage revision. We also said that besides improvement in emoluments and service conditions, other demands like 5 day banking, regulated working hours for officers, improvement in pension scheme, extending the old pension scheme to the newly recruited employees, etc. are also needed to be resolved but the IBA is not forthcoming on these issues.

IBA informed that they are willing to continue the negotiations further and appealed to the UFBU to defer the strike to facilitate a better atmosphere. UFBU informed that the strike call has been forced on the Unions due to the unhelpful approach and unacceptable offer of the IBA and reiterated its preparedness for further negotiations provided IBA would come forward with substantial improvement in their offer.

After hearing both sides, the Chief Labour Commissioner suggested that both IBA and the UFBU should take steps to reconcile the differences and reach an amicable settlement. He further advised the IBA to talk to the UFBU to find out how the strike could be averted. He also adjourned the conciliation proceedings to 3-00 PM on 10th November, 2014 for further discussions.

Thus, our demands remained unresolved and UFBU decided to go ahead with the strike. Hence, we call upon all our constituent unions and members to march on to 12th November 2014 strike withouut any let up.

sd/-
M V Murali
Convener

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Bank D.A. for Nov’14 onward : Hike of 49 slabs.

Consequent upon the release of All India Consumer Price Index Numbers for Industrial workers(AICPIN) Base Year 2001=100 for the month of September’14. by the Ministry of Labour and Employment to day,which stood at 253 points without any change while compared to August figure,the confirmed average AICPIN(IW) Base 1960=100 for the quarter will be as follows:

Source: http://paycommissionupdate.blogspot.in/

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 The latest two updates are given below for your information and wait for sometime to know the current position…

All Banking Solutions says…

Reports at 3.00 PM indicates that meeting with IBA is over. UFBU still discussing the matter to make their final announcement on the outcome of the negotiations. Reports are not encouraging and indicate there is no tangible progress in negotiation talks . (uploaded on 26/09/2014 – 15:15 Hours )

Wage Revision Is Not Now A Top Priority Issue for AIBOA and AIBEA by Rajesh Goyal (uploaded on 26/09/2014 – 9.50 AM)

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Bank employees expect early settlement on wage revision

MANGALORE : The All India Bank Officers’ Confederation on Friday said it hoped the negotiation with the Indian Banks’ Association (IBA) on September 24 would result in the wage revision acceptable to the employees, failing which United Forum of Bank Unions would be forced to take some strong steps.

Addressing the members here, Confederation President Y. Sudarshan regretted the managements treat employees as ‘liability’ when it comes to wage revision while for the rest of operations, including spread of various government schemes, they are treated as assets. The vast human resource of banks, which has helped the industry to come to the present level and is prepared to the take modernisation forward, should be treated as capital asset and salaries as long-term investment, he demanded.

Officers and employees do not take pleasure in resorting to strikes and inconvenience the public, Mr. Sudarshan clarified. It is the attitude of the managements that has been forcing them to resort to strikes. Not a single wage revision in the past two decades has come without strike whereas government employees and legislators get salaries revised at regular intervals, he regretted. The 9th bipartite agreement expired in October 2012 and since then employees have eagerly been awaiting the next revision amidst several negotiations and a couple of strikes, he said.

Initially, the IBA had offered 5 per cent hike, Mr. Sudarshan said and termed it a piece of biscuit thrown at dogs. During the recently concluded negotiations, the IBA came up to offering 11 per cent hike whereas the Confederation has stuck to its demand of 25 per cent hike. The Unions and employees are no more prepared to wait, Mr. Sudarshan added.

He said public sector banks have been continuing their contribution towards strengthening the economy even as they were the ones responsible for the nation withstanding the economic slowdown in 2011. They have been the ones ensuring government’s programmes reach the targeted class, including the latest Jan Dhan Yojana. The Confederation is also opposed to merger of PSU banks, attempts for which are reportedly being made by the central government, he said.

Confederation Advisor M. Harshavardhan and others were present.

Source: www.thehindu.com

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