Copy of affidavit dated 24 08 2022 filed by IBA

[Kalyanasundaram Subramaniam]

https://drive.google.com/file/d/1-AS2ok2nPhr1CaFunGH0Q2_NjQGKAF02/view

S Kalyanasundaram 

[Logu Kuppan]

Can you  please tell that the RBI retirees getting pension paid by central  budgetary allocation or from the RBI contributory pension fund

On Mon, 23 Feb, 2026, 4:03 pm Kalyanasundaram Subramaniam, <1952...@gmail.com> wrote:

https://drive.google.com/file/d/1-AS2ok2nPhr1CaFunGH0Q2_NjQGKAF02/view

S Kalyanasundaram 

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[JSOMA SHEKARA]

The above affidavit lacks validity without any documentary proof/evidence.

1. SC has instructed the IBA to file an interim report of the committee within 3 months.

    But IBA filed an affidavit stating committee members said this and that without submitting the original report..

2. Banks cannot afford costs

    No documentary proof, cost data submitted to prove the claim

Without a single documentary proof this affidavit has no value. 

Further minutes dated 08.03.2024 where IBA agreed to discuss and amend pension regulations to provide for updation in every settlement and Ex gratia agreement in which IBA accepted without prejudice to unions right to claim updation in court make this affidavit in 2026 redundant.

[Ramani Konnayar]

For those under the old pension scheme in RBI (on the lines of which BEPR 1993 was based), pension payments are managed by RBI Pension Fund which is similar to the Pension Funds of Public Sector Banks.

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[Kalyanasundaram Subramaniam]

Mr JSOMA SHEKARAJI

Yes you are right. Affidavit must contain documentary proof/evidence. 

But IBA is a strange and special animal. 

It continues all these years, without coming under RTI Act and defying

the same by obtaining a stay order. 

It gets lot of money and spending it without any accountability. It represents all public sector banks, but not

under government scrutiny. They are not answerable to anyone.

The government of the day as well as the  RBI are strangely allowing this situation for the reason best known to them. 

S Kalyanasundaram