Document from Ramakrishnan

[Ramakrishnan S]

Cir 14-26.pdf 

[R Balaji]

What will be the implementation of providing tabs for 3 periods ?

Pl explain if possible 

R BALAJ

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On Fri, 6 Feb, 2026, 09:46 Ramakrishnan S, <ramakri...@gmail.com> wrote:

Cir 14-26.pdf 

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[MOHAN P]

Dear Mr Balaji,

Let us not jump into implementation right 

now or break head  on the subject.Court has asked IBA/Petitioners to provide a chart for those specific three periods to compare benefit if any on application of Regulation 35(1) with Appendix-1.

On 18 th Feb'26 or later,the  parties may have to submit the specific chart to court. We too may know the, the effect and impact to retirees under those period.

  Please also understand that Updation of Pension as we demand is not mere  merger of DR to basic pension.At any point of time even if it is done, a minimal amount only  may be added to gross pension.That is not the demand.

Currently retirees up to 31.10.2022 even  did'nt receive the benefit of merger of CPI 8088 Points and change of index series to 2016= 100 from existing 1960=100 allowed to retirees w.e.f 1.11.2022!

Let us wait for next developments in SC on 18th Feb'26 or there after.

Regards

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[Kalyanasundaram Subramaniam]

"We produced the fund position and told the court that pension updation can be made from pension fund itself without any extra burden on Government. Court asked Banks why they are not revising pension as provided in Regulation 35(1) when it can be met from the pension fund itself."

This contention that the pension fund has enough funds to pay updated pension is factually incorrect. 

This is going to be contested by the IBA/Banks advocates by explaining how the corpus fund is maintained by taking into account various calculations for paying pension up to the last pensioner based on existing formula.

I do not understand why our advocates must make a wrong statement, when every banker knows that it is factually incorrect. 

Appendix 1 states "The formula for updating basic pension and additional pension in respect of employees who retired during the period 01.01.1986 to 31.10.1987 shall be as under:.....

Where is the provision in the Regulation to update pension for other categories of people who retired after 31.10 10987?

The court asks whether the pension is being paid as per Regulation. If we say that it is not as per Regulation, which clause has been violated has to be explained. 

For me it does not seem to be going in the proper direction. But by common logic, the judges may be sympathetic that as the pension has not been revised, there is a big disparity within the banking industry and also when we compare with RBI and government employees. 

S Kalyanasundaram 

On Friday, February 6, 2026 at 9:46:25 AM UTC+5:30 Ramakrishnan S wrote:

Cir 14-26.pdf 

[Sureshbhat M]

Three periods means what a manager grade on stagantion who retd during 1987, same grade person retd in 2002/2003 and same grade person retd in 2025 are  drawing today.

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[Ramani Konnayar]

Dear Shri Kalyanasundaram ji,

I concur with your views in toto.

I think, the advocate representing pensioners has only said what has been tutored to him by the concerned pensioners' organisation. The latter have been sticking to this stand right from 

beginning and mentioned it in their numerous emails sent to various authorities in support of the demand for updation of pension.

I remember to have read somewhere that the formula in Appendix 1 is meant to be applied to calculate the pensions of those retirees whose last 10 months service falls under 2 successive BPS. The updation effected in respect of those who retired between 1/1/86 and 31/10/87 might have been to extend

the benefit of the 5th BPS revision to them as a gesture. Can you please confirm these?

K N RAMANI 

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[Satyanarayana Rao]

The judges have understood that the hidden agenda of Banks and unions is prejudicial and some how deny updation which is unjust and completely violating the principles of Natural justice equal pension for equal rank .
This inequality and vide gaps are created by the banks and unions deliberately to deprive pension updation to Pensioners in every bipartite settlement though the demand for updation of pension is included but wishfully not achieved periodically till date.
This injustice perpetually forced  by UFBU and IBA comine is to be corrected by nun other than the Apex court.

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[premchand jaswal]

Sir, 

      Kindly elaborate the points where you think out advocates are not going in the proper direction.

P.C.Jaswal

9915486255

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[Niranjan Cn]

Sir,

it is like giving rope and stick to bank, asking them to tie us and beat.  

They brought in 35(1), which is of no use at all - if one reads the REgulation - no sentence in Apx 1 is useful to us.

Whether the case is strengthened or weakened by the above - wait for the judgement.

Niranjan

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