Fwd: Fw: Re: bankpensioner 10th BPS TALKS WITH IBA HELD ON 14th March 2014.

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Mohandas Rao

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Mar 21, 2014, 5:17:10 AM3/21/14
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---------- Forwarded message ----------
From: Mohandas Rao <mohand...@gmail.com>
Date: 21 March 2014 14:46
Subject: Re: Fw: Re: bankpensioner 10th BPS TALKS WITH IBA HELD ON 14th March 2014.
To: anil jain <anilpoo...@rediffmail.com>
Cc: Ajay....@bankofbaroda.com, alokt...@hotmail.com, anand.nar...@gmail.com, Ashok.M...@bankofbaroda.com, baban...@gmail.com, bhatnaga...@yahoo.co.in, bjmis...@gmail.com, ceey...@gmail.com, Prasad C N <cn_pr...@yahoo.com>, damod...@rediffmail.com, dcs...@rediffmail.com, Kamlesh.c...@yahoo.com, pf.o...@gmail.com, perumal maruthu <perumal...@yahoo.co.in>, prabha...@yahoo.co.in, pk.k...@bankofbaroda.com, rite...@gmail.com, sanjaya...@yahoo.co.in, vdssshu...@yahoo.com, venugop...@yahoo.co.in, vimalshr...@gmail.com, vinodshr...@yahoo.co.in, asho...@yahoo.com, asth...@rediffmail.com


Dear Sri Anil Jain/Friends,

   The present system of Bipartite Settlement for wage revision for bank employees is the best one, in spite of several shortcomings. A separate Pay Commission is not the solution for these shortcomings. I think we should not sign the petition.

With regards,
K. MOHANDAS RAO


On 21 March 2014 11:19, anil jain <anilpoo...@rediffmail.com> wrote:
Please sign the petition and forward to your friends.




Note: Forwarded message attached

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From: JSOMA SHEKARA jsomase...@gmail.com
To: bankpe...@googlegroups.com
Subject: Re: bankpensioner 10th BPS TALKS WITH IBA HELD ON 14th March 2014.
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---------- Forwarded message ----------
From: JSOMA SHEKARA <jsomase...@gmail.com>
To: bankpe...@googlegroups.com
Cc: 
Date: 
Subject: Re: bankpensioner 10th BPS TALKS WITH IBA HELD ON 14th March 2014.
The following news appeared on Banking News blog spot

However I have not signed the petition, This is only for information.

Wednesday, March 19, 2014

Bank Staff Demand Separate Pay commission

WE THE UNDERSIGNED BANK EMPLOYEES DEMAND A SEPARATE PAY COMMISSION--This is a campaign launched by Sri Pramod S.India to be delivered to IBA-Below is the Link to read more and to sign

Wage revision for bank employees has always been a vexatious issue, especially over the last three decades. With the bipartite level talks that have been going on for the last one and a half years, without any meaningful conclusion, there is now a strong wave of discontentment and restlessness among the young bankers who firmly believe that the negotiating unions have sold out their interests. This is can be gauged from the following paragraphs.
In the year 1953, while deciding on the pay structure for bank employees, Justice S. Panchapagesa Sastry has given in his Award: ”The rates of pay in certain departments of Government such as Posts & Telegraphs and in State Governments will also furnish material for the construction of pay scale for bank workmen. Above all we have the report of the Central Pay Commission which is now considered an authoritative and useful guide to problems relating wage determination at least among Government employees. There are several affinities between bank workmen and Government clerks, bank subordinates and Government menials. The Central Pay Commission had before them the very same clerical class and the class below it." ( Para 252 of the Sastry Award).
Justice Sastry went on to observe further : " In the matters of education, intelligence, social needs, family responsibilities, standards of living and outlook on life there is a fair degree of similarity between the clerks that work in a bank and those that work in a Government department............We may nevertheless take the Government pay scales as an indication, however rough, of how the clerical class in general should be remunerated......" (Para 259 of Sastry Award).
The Justice Kantilal T Desai Commission of 1962 had also observed that : " Having considered all aspects of the matter, I am of the view that to the extent that prevailing rates of wages in similar occupations in the same localities play a part in fixation of wages, the workmen have made out a case for an upward revision of their emoluments" (Para 5.181 of Desai Award.)
Like wise , the Pillai Committee Recommendations for the bank officers equated their salary with that of the government officers.
These Awards were pronounced at a time, when the banking industry was under private managements. With the nationalization of the banks in 1969 & also in 1982, the majority of the banks have now acquired the character of public sector undertakings with their heavy penetration into rural areas to serve the masses and create financial inclusion.

However on the wage front, the reality is different. Take for comparison, the salaries of Central government, State Government, Central PSUs (including loss making units), State PSUs, Quasi-government bodies, Service Sectors like Railways, Telecom, Power/Electricity, Posts & Telegraph, MNCs, Large Corporates etc., with our bank staff wages over a specific time horizon especially from 1985 to 2012. This will reveal shocking and painful facts about how the wages of bank personnel have got eroded substantially during the last 25 years. This fact has been admitted by AIBOC in their circular No. 2014/08, where in it is stated : “dilution in our salaries vis a vis Government Officials has taken place over a period starting from 1982 and gap has widened with successive settlements”.

Other than paying lip-sympathy, the negotiating unions have totally failed to ensure the concept of Pay-Parity for the bank employees vis a vis, the government employees. Presently the estimate of this gap is between 35 to 40% in different cadres, if we take into account the 6th Pay Commission salary of government employees. The most painful fact is that our leaders are now trying to convince us for a 13 % to 15 % increase in the ongoing talks. Thus the IBA & UFBU are bent upon thrusting a lower increase for us, which will not even equate us with the 6th CPC scales, while the Central Government has already announced constitution of a 7th Pay Commission which will take effect from 01.01.2016 for the government employees.
With the unions in the industry having miserably failed to arrest and reverse the trend of deteriorating wage levels over the last thirty years, we the younger generation of the bank employees are now fully convinced that there is not going to be any meaningful conclusion at the industry level bipartite talks between these unions and the managements. We are firmly of the opinion that the Pay-Parity concept originally provided for us through the Sastry Award of 1953 alone will bring us justice in our wage scales. Therefore, we urge upon all concerned to include us either as part of the Central Pay Commission process or alternatively constitute a separate Pay Commission for Bank Employees, on the lines of the Central Govt.
The ten lakh bank employees want justice on pay-parity, as ordered by Sastry Award more than sixty years ago. This is an immediate need of the hour. Such a Pay Commission alone will prevent mass exodus of the intelligent younger generation to greener pastures elsewhere. Stopping attrition will also ensure that the banks continue to play their vital role in the economic development of the nation and contribute to a healthy financial sector, which is the backbone of every economy.



On Wed, Mar 19, 2014 at 2:54 PM, L S RAMAN <raman...@gmail.com> wrote:
The Canara Bank Retirees federation has confirmed that the Hon Supreme Court of India hsd served  the notice to Canara Bank on the pending appeal relevant to the 100 % neutralisation case, and we may now expext further progress in the hearing of the case.
Dr.Raman.L.S.


On Wed, Mar 19, 2014 at 9:53 AM, PBSarma <pbsa...@gmail.com> wrote:
It appears like a fixed match .
P B Sarma.

Sent from my iPad

On 18-Mar-2014, at 5:14 pm, JSOMA SHEKARA <jsomase...@gmail.com> wrote:

X Bipartite Negotiations has been postponed without deciding Wage hike to Mid April.  As far as Pensioners  are concerned we are used to such deays as we are waiting for solution  of grievances since last 10-14 years.
However because of developments lakhs of serving employees are frustrated, angry  and are anxious about fate of wage hike.
In this disturbed mind they have to carry on duties of year end work. As already said this financial year end last two days are holidays.
Whether FM who had shown least concern towards bank employees and even insulted them saying "All profits cannot used for wage hike",  will  once again exploit and make Bank employees work on Holidays also?



On Mon, Mar 17, 2014 at 4:22 PM, L S RAMAN <raman...@gmail.com> wrote:
UFBU is accountable to the pensioners when ever and whereever they have deliberately signed agreements against the interest of pensioners.They are resoponsible lagally and morally gor the damages caused to section of pensioners.Let us hope that they will correct the situation.
DrRaman.L.S.


On Mon, Mar 17, 2014 at 5:12 PM, Hanumantha Reddy Adireddy <avhr...@gmail.com> wrote:
Dear friends
from the circular we find some passing references to pensioners issues, we need not hope much from the settlement even if is settled. we have seen number of such settlements earlier.

bee cool don't expect too much and get disappointed later
  


On Sun, Mar 16, 2014 at 11:38 PM, manoj kumar Majumdar <maju...@gmail.com> wrote:
Thanks to PM for prompt reporting of progress of Xth Bipartite talks between UFBU and IBA. 
The report contains  hopes and optimism for the pensioners who so long suffered dismay for supposed indifference to their cause on the part of negotiating parties.
The little that we come to know through the circular issued by UFBU subsequent to 14/3/2014 negotiation, is enough to placate the anger and ill-feeling in certain segments of pensioners.
AIBRF and AIBPARC are constantly urging upon UFBU to raise the issues of the pensioners. It is heartening that the subjects , namely, (a) improvement of family pension, (b) 100% DA to all pensioners and (c) updation of pension have received due prominence during the course of negotiation. From the tone and tenor of IBA's response, it appears that the first two issues may be resolved to our satisfaction , may be, not to the full extent. Updation may require further struggle.
Scepticism and cynical criticism indulged into by some pensioners will create only mutual distrust. Such writings have often appeared in the blog. I would request everyone to desist from such harmful criticism so as to create an environment of faith and trust.

Manoj Kumar Majumdar  Retd (VRS) PNB, Calcutta


On Sat, Mar 15, 2014 at 10:40 PM, PM <moha...@gmail.com> wrote:

     Bipartite Talks with IBA held on 14-3-2014

  1.   The text of UFBU Circular No. 22 dt. 14-3-2014 on the outcome of the discussions with IBA held on above date is reproduced hereunder for information of all:- 

              “In our Circular No. 20 dated 3rd March 2014, we had informed about the details of the discussions held with the IBA on that day.  Another round of discussions were held today in IBA office, Mumbai between IBA and UFBU.  IBA’s team was led by Mr R.K.Dubey (CMD, Canara Bank), Chairman of the IBA’s Core Committee, Mr M.V.Tanksale, Chief Executive, IBA and other Executives.  UFBU was represented by leaders of all our constituent unions. 

              Carrying forward the discussions held in the last round of talks, some of the important issues like introduction of 5 Day Banking, regulated working hours for officers, etc. were discussed further.  While appreciating our viewpoints, IBA wanted further inputs from the Unions in order to examine the issues and to take up the matter with higher authorities.  We stressed on the need for providing quarters/ housing accommodation to all employees, particularly to those recruited in the Banks in the recent years.  IBA opined that the matter needs further discussion at their level.  We also demanded that 100% of the medical/hospitalisation expenses incurred by the employees and officers for self/family members should be reimbursed. IBA suggested that the mediclaim scheme proposed by them earlier can be customized in such a way to be handled by the Banks instead of insurance companies or third party administrators.  We requested the IBA to furnish details in this regard whereafter the issue will be further studied and discussed.   

             On our demand for improvement in the Family Pension scheme, extension of 100% DA formula to pre-2002 pensioners, etc., IBA was considerate and agreed to work out the cost implications to enable them to take a view on these demands.  To our demand on periodical updation of pension on occasions of wage revision, IBA felt that the issue has to be examined, in its entirety, looking at the cost involved, outflow, etc. On reverting to old pension scheme from NPS, IBA expressed their inability to accede to our demand but we reiterated the same. 

            To our demand regarding compassionate appointment scheme, IBA conveyed the clarifications sought from the Government to which we explained that UFBU’s view is that the compassionate appointment scheme should be on the lines of the Government scheme and urged upon them to expedite the matter. 

              To our demand for improvement in the IBA’s earlier offer on wage increase, IBA informed that they are not able to make further offer. 

            It was decided to hold the next round of discussions in the middle of April, 2014 and the date would be finalized.  Further developments will be informed to all our units/members in due course." 

  M V Murali, 

Convenor”

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L S RAMAN

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Mar 21, 2014, 7:34:29 AM3/21/14
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The need for a pay commission for the separate pay commission for the Bank emp0loyees has been adequately and appropriately brought out.This has become imperative in the context of the anti Bank employee attitude of the employers and the IBA acting with a partisan attitude with out a neutral  approach  expected from a pay commission with appropriate application of mind.The IBA with anegative approach is indulging  in anti employee initiatives resulting  in frequent strikes and inconvenience to the public
.Dr.Raman.L.S.

anil jain

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Mar 21, 2014, 7:07:43 AM3/21/14
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Sir,
It appears you have not examine the issue. The pay commission is the best option.
the tired/ Retired leadership has ruined the Bank employees & retired Employees.
Comparitive wages is a distant dream. Bank officer who was at par with class one
in 1979 at the time of PCR. today your AGM is getting Rs 40400/- max. BP & Class
one oficer is getting 15600 plus grade pay of 5400 + 21000/- to Rs 39400 plus
grade pay of 6800=46200/- The Class one is at par with your DGM.

The family pension is 15% for GM it is rs 5950/-mzximum plus DA which is 100%
appx.Total family pensio of Gm is only rs 12000/-

The family pension in central govt is 30% with no maximum ceiling . In RBI max
ceiling is Rs 24700/- plus 100% DA

Your GM Basix is rs 52000/- 30% of 52000 is 15600/ plus 100% DA is equal tom
30000/- So you are getting peanuts.
I thing you need to ponder upon. If any reservation i can provide you the rules.

anil jain
On Fri, 21 Mar 2014 15:49:50 +0530 wrote

>

---------- Forwarded message ----------
From: Mohandas Rao

Date: 21 March 2014 14:46
Subject: Re: Fw: Re: bankpensioner 10th BPS TALKS WITH IBA HELD ON 14th March
2014.
To: anil jain

Cc: Ajay....@bankofbaroda.com, alokt...@hotmail.com,
anand.nar...@gmail.com, Ashok.M...@bankofbaroda.com,
baban...@gmail.com, bhatnaga...@yahoo.co.in, bjmis...@gmail.com,
ceey...@gmail.com, Prasad C N ,
damod...@rediffmail.com, dcs...@rediffmail.com, Kamlesh.c...@yahoo.com,
pf.o...@gmail.com, perumal maruthu ,
prabha...@yahoo.co.in, pk.k...@bankofbaroda.com, rite...@gmail.com,
sanjaya...@yahoo.co.in, vdssshu...@yahoo.com, venugop...@yahoo.co.in,
vimalshr...@gmail.com, vinodshr...@yahoo.co.in, asho...@yahoo.com,
asth...@rediffmail.com



Dear Sri Anil Jain/Friends,

The present system of Bipartite Settlement for wage revision for bank employees
is the best one, in spite of several shortcomings. A separate Pay Commission is
not the solution for these shortcomings. I think we should not sign the petition.


With regards,

K. MOHANDAS RAO

On Wed, Mar 19, 2014 at 2:54 PM, L S RAMAN wrote:



The Canara Bank Retirees federation has confirmed that the Hon Supreme Court of
India hsd served the notice to Canara Bank on the pending appeal relevant to the
100 % neutralisation case, and we may now expext further progress in the hearing
of the case.




Dr.Raman.L.S.


On Wed, Mar 19, 2014 at 9:53 AM, PBSarma wrote:




It appears like a fixed match .P B Sarma.

Sent from my iPad


On 18-Mar-2014, at 5:14 pm, JSOMA SHEKARA wrote:





X Bipartite Negotiations has been postponed without deciding Wage hike to Mid
April. As far as Pensioners are concerned we are used to such deays as we are
waiting for solution of grievances since last 10-14 years.





However because of developments lakhs of serving employees are frustrated, angry
and are anxious about fate of wage hike.
In this disturbed mind they have to carry on duties of year end work. As already
said this financial year end last two days are holidays.





Whether FM who had shown least concern towards bank employees and even insulted
them saying "All profits cannot used for wage hike", will once again exploit and
make Bank employees work on Holidays also?








On Mon, Mar 17, 2014 at 4:22 PM, L S RAMAN wrote:





UFBU is accountable to the pensioners when ever and whereever they have
deliberately signed agreements against the interest of pensioners.They are
resoponsible lagally and morally gor the damages caused to section of
pensioners.Let us hope that they will correct the situation.






DrRaman.L.S.


On Mon, Mar 17, 2014 at 5:12 PM, Hanumantha Reddy Adireddy
wrote:






Dear friendsfrom the circular we find some passing references to pensioners
issues, we need not hope much from the settlement even if is settled. we have seen
number of such settlements earlier.







bee cool don't expect too much and get disappointed later

On Sun, Mar 16, 2014 at 11:38 PM, manoj kumar Majumdar wrote:







Thanks to PM for prompt reporting of progress of Xth Bipartite talks between UFBU
and IBA.





The report contains hopes and optimism for the pensioners who so long suffered
dismay for supposed indifference to their cause on the part of negotiating
parties.

The little that we come to know through the circular issued by UFBU subsequent to
14/3/2014 negotiation, is enough to placate the anger and ill-feeling in certain
segments of pensioners.AIBRF and AIBPARC are constantly urging upon UFBU to raise
the issues of the pensioners. It is heartening that the subjects , namely, (a)
improvement of family pension, (b) 100% DA to all pensioners and (c) updation of
pension have received due prominence during the course of negotiation. From the
tone and tenor of IBA's response, it appears that the first two issues may be
resolved to our satisfaction , may be, not to the full extent. Updation may
require further struggle.







Scepticism and cynical criticism indulged into by some pensioners will create only
mutual distrust. Such writings have often appeared in the blog. I would request
everyone to desist from such harmful criticism so as to create an environment of
faith and trust.








Manoj Kumar Majumdar Retd (VRS) PNB, Calcutta

Dr.dhananjaya Bhupathi

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Mar 21, 2014, 8:51:18 AM3/21/14
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Dear Mohanji,
Good evening. I humbly say that I do not agree with you, Sir. 
1. BPS system left many anomalies untouched for decades together. 
2. Pension option, non-option, no up dation, no uniform Relief DA rates, VRS, Pre 2002 and post 2002, etc., etc. A Scale-IV officer retired in 2002  gets less pension compared to Scale-II retired of this day. Why all this nonsense. 
3. BPS system has failed & became outdated  to address several anomalies. The nature of duties, responsibilities, accountability of bank staff is one and the same and the why so many anomalies. All the bank retirees are victims of this big mess.
4. Any progressive banker should have an open mindset to change the system in accordance to fast social change. When pay commissions system is working  well, we can think of it.
5. UFBU/AIBRF/AIBPRA, and all their affiliates can as well think of going in for Pay Commissions. 
5. Had AIBRF with all its affiliates not formed, there would have been umpteen no. of miserable/penury/deaths amongst bank retirees.
6. Notwithstanding cadres, every banker toiled and boiled his/her blood to develop the banking system and it has become a 'spring board' or so to say an Akshaya Patra for the fast economic progress, unlike the insolvent US banks and European banks vis-a-vis their respective contries.   
6. Alas!!!!! Mr.Chidambaram says "how can the banks  function by increasing salaries, perks, pensions, etc., since, it is not economically viable". The response of UFBU leadership is mute, for the reasons unknown.  The reaction of of the great CHV has no impact, because, his is one amongst the bank retirees.
7. UFBU leadership, with "no vision of the future + their own future retired life" has become a victim of human ego. 
8. Instead of change of UFBU leadership 'with tangible results', the wiser step is to go in for Pay Commission  which rendered Pension updation, good increase in salaries, wherein all the Central Govt. employees are in a better placed and safer positions.
9. I never say that UFBU did nothing. I got pension in the II option facility gained by IX BPS. Myself and many lacs of retirees are highly grateful to UFBU leadership of IXBPS. Just, I want a smooth change with the hope to get better facilities in tune with our sacrifices.
10. All bankers being  the instruments of fast economic progress of this vibrant democratic India with 1.2 billion population deserve all facilities in salaries, perks, pension on par with Central Govt. employees.
regards,
Yours sincerely,
Dr.Dhananjaya Bhupathi, B.Sc.[Public Health], M.D.[Acupressure], MA.,LLB.,CAIIB., Syndicate Bank Pensioner,Acupressure Therapeutist & Trainer,Regd.No.4855[CASM],Proctor & Chairman SAIOAM [Regd Charitable Trust],doctordh...@gmail.com.www.saioam.in for “FREE” and instant diagnosis of any disease “online”-- options for cure with “no side effects” available. One of the Top most contributors from India on Yahoo Answers Health Blog [Yardstick to assess an answerer’s contribution in Yahoo Answers health blog- I Crossed 1 lac points as on 01012014-in Alternative Medicine, Cancer & Other Diseases.] 1.Ph.No.0870-2432437 [BSNL-land line].2.09849367207.[Mobile].Contact by landline is preferred.


. 

perumal maruthu

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Mar 22, 2014, 2:03:28 AM3/22/14
to bankpe...@googlegroups.com, MOHANDAS RAO
In the Meeting held on 14/3/14 between IBA & UFBU, Issues pertaining to Pensioners(such as 100%DR, Improvements in Family Pension and on Updation etc) have been discussed. According to UFBU circular, IBA has agreed to consider these Issues with a positive approach.
In view of the above cited POSITIVE developments and considering the present situation of all the Constituents of UFBU supporting the Pensioners' demands,  ploughing a lonely furrow for setting up a "PAY COMMISSION" is NOT in the interests of Bank Pensioners!
A Commission or a Tribunal or a Court can not be expected to give an "ENTIRELY FAOURABLE" Award, if we recount our past experience with Sastry or Desai Award!
Had we continued to have only "AWARDs" or 'PAY COMMISSION' in the place of the time tested BIPARTITE TALKS , ONE MORE option for Pension could not have been secured in 2009-10. After introducing NPS from 1/1/2004, nowhere(excepting the Banking Sector) the Gov't has offered the Old Pension scheme linked to DA!
It is strange that the beneficiaries of one more option are now spearheading for Pay commission! 
It is like indulging in the thankless act of "CUTTING THE TRUNK OF THE TREE while sitting comfortably on its branch and eating its fruits called PENSION!
I endorse the view expressed by Sri Mohandas Rao for REJECTING INTOTO the suicidal and short-sighted demand of 'pay commission'!
M.Perumal

JSOMA SHEKARA

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Mar 22, 2014, 2:09:43 AM3/22/14
to bankpe...@googlegroups.com
I uploaded the message for information only. It is useful to have knowledge of what is happening elsewhere.
However I   think Pay Commission may not be solution for our long outstanding problems.
First of all persons in charge of pay commission may not have same sympathy towards Bank employees as much as they have towards Central Govt employees as they are appointed by Central Govt and may not  have banking knowledge.
Further they may recommend same terms and conditions as applicable to Central Govt employees viz
Revision of Pay Scales and pension every 10 years.
Present payment of DA based on CPI automatically every 3 months and 6 months may be replaced by practice as prevailing for Central govt employees.
Pay commission also may recommend different pay scales for different banks based on their profit position and pay scales linked to performance.
Again whatever pay commission recommends has to be approved and accepted by same central government.
We have to ensure that we are not jumping from frying Pan to fire.

Having said this our present BPS system is not without loopholes.
This will be discussed in separate mail.



JSOMA SHEKARA

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Mar 22, 2014, 3:08:59 AM3/22/14
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A few years back only one or two unions were recognized to negotiate with IBA in BPS talks. Other Unions often used to bring stay or used some other methods to block smooth negotiations. Whatever short comings in agreements then were blamed on these unions. However later al unions joined negotiations by forming UFBU. We thought our problems were over and we could get better deal than earlier settlements.
However our problems were increased and nobody question since all have joined negotiations.
UFBU also must have accountability  to its serving employees who pay crores of rupees as membershipand levy and also to retirees on behalf of whom UFBU holds bargaining rights.
So there should be transparency in the system. It does not mean that we need live commentary of negotiations. For ex. When IBA refuses 50% Basic Pay from DOR instead of 01.05.2005, and refuses 100% DA to pre 2002 retirees citing reason of paucity of funds, we believe as a responsible union UFBU must have collected facts and figures before agreeing for same.
So for the sake of transparency why can't UFBU share these facts and figures with retirees and also possible reasons for agreeing for
 same. After all UFBU is negotiating on behalf of us and we are beneficiaries  and instead of oneliner like IBA did not agree to this inview of cost implications UFBU need to come out with figures for sake of transparency and democaracy.
Such openly placing facts before pensioners we can better understand UFBU better and also develop positive relationship.
Further there is need to evolve system wherein implementation of each and every agreement is monitored and ensure that it is implemented in letter and spirit so as to put brakes for violation and intentional misinterpretation of agreements. Had this system in pace consequences of misinterpretation of second pension agreement could have been avoided.

However egoistic attitude of our leaders preventing them to accept that there are short comings and they have also take serious note of various court verdicts which prove that agreements are not implemented properly.
Also UFBU have moral responsibility to ensure that senior citizens are not pushed to courts considering their age and physical health and financial conditions. Instead of taking stand that nobody should question agreements in courts UFBU should understand that since in 80% of these cases verdicts have been given in pensioners/Retirees favour it is time tfor UFBU to o study lapses if any in implementing agrreements and rectify the same in consultation with IBA.

At least from X BPS UFBU should ensure that retirees issues are addressed properly. It is clear from recent disclosures that even part of interest portion of Pension fund  of  Banks are sufficient to take care of 100% DA from 2005 and Pension Updation. Also second Pension can be extended to all remaining retirees. So UFBU should counter IBA with updated facts and figures and get better deal for all.
Lakhs of Retirees/Pensioners are looking towards UFBU for justice.


Mohandas Rao

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Mar 22, 2014, 6:01:54 AM3/22/14
to bankpe...@googlegroups.com
Dear Friends,

Thanks to Sri M. Perumal, Sri C.P.V. Nair and Sri J. Somashekhar for their views against formation of a Pay Commission for bank employees. Also, thanks to Sri Anil Jain and Sri Dhananjaya Bhupathi for their views and support for the formation of the Commission. I still maintain that the Pay Commission is not a good thing for us. 

K. MOHANDAS RAO

Rajender Sharma

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Mar 22, 2014, 7:31:30 AM3/22/14
to bankpe...@googlegroups.com, MOHANDAS RAO, perumal maruthu
Sir,

I fully agree to your views and feel that those who talk of a separate Pay Commission for Bank employees are just building castles 
in the air and are not aware of the ground realities.Whether any such commission would ever come into being and what benefits it would 
bring forth for the pensioners and on what terms cannot be thought of,as of now.
It is need of the hour to show solidarity and wait for the outcome of the ongoing talks.

R.K.Sharma
Dr.Dhananjaya Bhupathi, B.Sc.[Public Health], M.D.[Acupressure], MA.,LLB.,CAIIB., Syndicate Bank Pensioner,Acupressure Therapeutist & Trainer,Regd.No.4855[CASM],Proctor & Chairman SAIOAM [Regd Charitable Trust],doctordhanbpathi@gmail.com.www.saioam.in for “FREE” and instant diagnosis of any disease “online”-- options for cure with “no side effects” available. One of the Top most contributors from India on Yahoo Answers Health Blog [Yardstick to assess an answerer’s contribution in Yahoo Answers health blog- I Crossed 1 lac points as on 01012014-in Alternative Medicine, Cancer & Other Diseases.] 1.Ph.No.0870-2432437 [BSNL-land line].2.09849367207.[Mobile].Contact by landline is preferred.
...

cpvnair

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Mar 22, 2014, 7:13:32 AM3/22/14
to bankpe...@googlegroups.com

GOOD NOTE.THANK YOU PERUMALJI FOR THE CONSIDERED VIEWS.

 

 

warm reg

 

 

CPVNAIR

satyendra kumar bansal

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Mar 22, 2014, 6:27:13 AM3/22/14
to bankpe...@googlegroups.com
This is the first positive theory I have come through the entire conversations of UFBU. I was very much upset for the comments made by learned bloggers agandt the UFBU for not getting the pension benifits to a particular class but nobody was prasing them for what they got from iba. I hope that the negotiations is a contineous process and need corage and patience to reach to a settlement. Thanx perumal ji for your views.👊👊👊
Satyendra Bansal, (SVRS Synd Bank )
77, Vivek Vihar, New Sanganer Road,
Sodala, Jaipur-302019
From: perumal maruthu
Sent: ‎22-‎03-‎2014 03:25 PM

Prasad C N

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Mar 22, 2014, 1:30:54 PM3/22/14
to bankpe...@googlegroups.com
Dear friends,

Please read and understand history.  Please find and understand  who are the members of commission.  Please think, if such commission recommends, 10% increase, without updation or 100% nutralisation, what is the recourse.  

I am confident that there are many of you have seen 'Award' days and also know reasons for 'Settlement'.  Let me know, what is the difference between an 'Award' and Pay Commission Report.

Those who forget history will not even be a part of the history.
 
Thanks, a Million.


With regards,
Prasad C N

Nageswara Rao P

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Mar 22, 2014, 1:48:24 PM3/22/14
to bankpe...@googlegroups.com
Sir,

After implementation of pay commission, I hope you would agree that, there is a wide upward change in the salaries of Central Government Employees crossing much the Bank employees' salaries which were for some time on high side when compared to Central Government salaries.  Even the pension updation is being done simultaneously on every revision of Centra Govt. salaries.  Are we able to achieve it with tricks that IBA played every time through Bipartite negotiations for the past one or two decades?  Even now IBA is playing time gaining game keeping the ensuing elections so that, the can lift hands as helpless as they think that there can be no struggle from employees side which is much time consuming aspect.
Please think over.  This may kindly be not treated as degrading/criticism on  the leadership on negotiation table, which could bring the best that It could, but it is a request to analyse which is beneficial to bank employees/retirees.  WE HAVE TO GIVE IMPORTANCE TO LONG DURATION INTERESTS RATHER THAN THOSE OF SHORT TERM ONES. I FEEL UFBU IS TO THINK ABOUT THE LONG LASTING BENEFITS AS IF NOT TODAY TOMORROW THEY HAVE TO JOIN RETIREES GROUP AND HAVE TO FACE THE SAME SITUATION THAT THE PENSIONERS ARE FACING NOW instead of keeping in mind the present position they are enjoying as even a powerful daughter-in-law has to become a powerless mother-in-law on one day in future.

Regds
P Nageswara Ra
 

Daulat Munot

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Mar 23, 2014, 12:30:14 AM3/23/14
to bankpe...@googlegroups.com
Dear Comrades, Neither we should  step up in hurry nor we should be prejudice not to accept change.Till implementation of 
Pillai Committee recommendation wage negotiation was no doubt result oriented to the satisfaction to the common mass of the bank employees.After this gradually decreasing trend evolved and disparities  developed in salary and pension between Government and Banks employees whats soever the reasons it may be.But it is also a burning fact that day by day BPS is loosing its importance due to not giving satisfactory result.Does it is not appropriate for our leadership to evaluate why Bi- partitee negotiation is legging behind to Wage Commission despite of this is implementation after ten years.There is great need of qualitive change in the stretegy of  Negotiation otherwise the day is not far when BPS would loose its importance and become  HISTORY. NOBODY CAN RESTRAIN CHANGE.AS IT IS UNIVERSAL TRUTH.

L S RAMAN

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Mar 23, 2014, 12:57:31 AM3/23/14
to bankpe...@googlegroups.com
What is required is an independent ORGANISATION HEADED BY AN EXECUTIVE IN THE RANK OF DEPUTY GOVERNOR WITH ADEQUATE MATURITY TO ANALISE AND APPRAISE THE PAY REVISION REQUIREMENTS OF SERVING EMPLOY6EES AND PENSIONERS IN TUNE WITH THE RISK AND RESPONSIBILITIES OF BANK EMPLOYEES  VIS A VIS GOVT EMPLOYEES AND RECOMOND APPROPRIATE SCALES OF PAY AND PENSION BENEFITS ON AN ON GOING BASIS WITH A BUILT IN GRIEVANCE READRESSAL  MACHANISM..
DR.RAMAN.L.S.

Kishore Kumar Nanda

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Mar 23, 2014, 3:32:35 AM3/23/14
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I have on earlier occasions conveyed that Mr Bhupathy should not furnish all his medical degree etc. in the mail. This blog is not for advertising and marketing of any product. I appeal the moderator to delete all the campaign furnished after the name. By involving controversial issues I believe Mr Bhupathy wants to remain in high lights where is other qualifications mentioned after his name gets populated. Sorry for my remark if it hurts any one. I appeal to all blog members, to ponder the issues and it is not the debate of whether Bipartite or Pay commission. Both has merits and demerits. 

karuna karan

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Mar 23, 2014, 6:58:42 AM3/23/14
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Dear Friend,

The 30 year history has made the bank employees to prefer a commission. AIBOC Cir. 2014/8 says that they are incapable of getting a better agreement for 30 years. A commission is better than the bogus collective bargaining. Do not try to defend the incapables.

Thanks a BILLION
karunakaran IBSVRS 2000

On Sun, 23 Mar 2014 11:09:55 +0530 wrote

> Dear friends,
Please read and understand history. Please find and understand who are the members of commission. Please think, if such commission recommends, 10% increase, without updation or 100% nutralisation, what is the recourse.
I am confident that there are many of you have seen 'Award' days and also know reasons for 'Settlement'. Let me know, what is the difference between an 'Award' and Pay Commission Report.
Those who forget history will not even be a part of the history.Thanks, a Million.


With regards,
Prasad C N


On Saturday, 22 March 2014 3:53 PM, Mohandas Rao wrote:
Dear Friends,
Thanks to Sri M. Perumal, Sri C.P.V. Nair and Sri J. Somashekhar for their views against formation of a Pay Commission for bank employees. Also, thanks to Sri Anil Jain and Sri Dhananjaya Bhupathi for their views and support for the formation of the Commission. I still maintain that the Pay Commission is not a good thing for us.
K. MOHANDAS RAO
On 22 March 2014 11:39, JSOMA SHEKARA wrote:
I uploaded the message for information only. It is useful to have knowledge of what is happening elsewhere.
However I think Pay Commission may not be solution for our long outstanding problems.
First of all persons in charge of pay commission may not have same sympathy towards Bank employees as much as they have towards Central Govt employees as they are appointed by Central Govt and may not have banking knowledge.

Further they may recommend same terms and conditions as applicable to Central Govt employees vizRevision of Pay Scales and pension every 10 years.Present payment of DA based on CPI automatically every 3 months and 6 months may be replaced by practice as prevailing for Central govt employees.

Pay commission also may recommend different pay scales for different banks based on their profit position and pay scales linked to performance.Again whatever pay commission recommends has to be approved and accepted by same central government.

We have to ensure that we are not jumping from frying Pan to fire.Having said this our present BPS system is not without loopholes.This will be discussed in separate mail.


On Fri, Mar 21, 2014 at 4:51 AM, Dr.dhananjaya Bhupathi wrote:



Dear Mohanji,

Good evening. I humbly say that I do not agree with you, Sir.

1. BPS system left many anomalies untouched for decades together.

2. Pension option, non-option, no up dation, no uniform Relief DA rates, VRS, Pre 2002 and post 2002, etc., etc. A Scale-IV officer retired in 2002 gets less pension compared to Scale-II retired of this day. Why all this nonsense.

3. BPS system has failed & became outdated to address several anomalies. The nature of duties, responsibilities, accountability of bank staff is one and the same and the why so many anomalies. All the bank retirees are victims of this big mess.

4. Any progressive banker should have an open mindset to change the system in accordance to fast social change. When pay commissions system is working well, we can think of it.

5. UFBU/AIBRF/AIBPRA, and all their affiliates can as well think of going in for Pay Commissions.

5. Had AIBRF with all its affiliates not formed, there would have been umpteen no. of miserable/penury/deaths amongst bank retirees.

6. Notwithstanding cadres, every banker toiled and boiled his/her blood to develop the banking system and it has become a 'spring board' or so to say an Akshaya Patra for the fast economic progress, unlike the insolvent US banks and European banks vis-a-vis their respective contries.

6. Alas!!!!! Mr.Chidambaram says "how can the banks function by increasing salaries, perks, pensions, etc., since, it is not economically viable". The response of UFBU leadership is mute, for the reasons unknown. The reaction of of
the great CHV has no impact, because, his is one amongst the bank retirees.

7. UFBU leadership, with "no vision of the future + their own future retired life" has become a victim of human ego.

8. Instead of change of UFBU leadership 'with tangible results', the wiser step is to go in for Pay Commission which rendered Pension updation, good increase in salaries, wherein all the Central Govt. employees are in a better placed and safer positions.

9. I never say that UFBU did nothing. I got pension in the II option facility gained by IX BPS. Myself and many lacs of retirees are highly grateful to UFBU leadership of IXBPS. Just, I want a smooth change with the hope to get better facilities in tune with our sacrifices.

10. All bankers being the instruments of fast economic progress of this vibrant democratic India with 1.2 billion population deserve all facilities in salaries, perks, pension on par with Central Govt. employees.

regards,

Yours sincerely,

Dr.Dhananjaya
Bhupathi, B.Sc.[Public Health], M.D.[Acupressure], MA.,LLB.,CAIIB., Syndicate Bank Pensioner,Acupressure
Therapeutist & Trainer,Regd.No.4855[CASM],Proctor & Chairman SAIOAM
[Regd Charitable Trust],doctordh...@gmail.com.www.saioam.infor “FREE” and instant diagnosis of any disease “online”--

options for cure with “no side effects” available. One of the Top most
contributors from India on Yahoo Answers Health Blog [Yardstick to assess an
answerer’s contribution in Yahoo Answers health blog- I Crossed 1 lac points as
on 01012014-in Alternative Medicine, Cancer & Other Diseases.]
1.Ph.No.0870-2432437 [BSNL-land line].2.09849367207.[Mobile].Contact by
landline is preferred.



.






On Friday, 21 March 2014 3:49 PM, Mohandas Rao wrote:

---------- Forwarded message ----------From: Mohandas Rao


Date: 21 March 2014 14:46Subject: Re: Fw: Re: bankpensioner 10th BPS TALKS WITH IBA HELD ON 14th March 2014.To: anil jain


Cc: Ajay....@bankofbaroda.com, alokt...@hotmail.com, anand.nar...@gmail.com, Ashok.M...@bankofbaroda.com, baban...@gmail.com, bhatnaga...@yahoo.co.in, bjmis...@gmail.com, ceey...@gmail.com, Prasad C N , damod...@rediffmail.com, dcs...@rediffmail.com, Kamlesh.c...@yahoo.com, pf.o...@gmail.com, perumal maruthu , prabha...@yahoo.co.in, pk.k...@bankofbaroda.com, rite...@gmail.com, sanjaya...@yahoo.co.in, vdssshu...@yahoo.com, venugop...@yahoo.co.in, vimalshr...@gmail.com, vinodshr...@yahoo.co.in, asho...@yahoo.com, asth...@rediffmail.com



Dear Sri Anil Jain/Friends,
The present system of Bipartite Settlement for wage revision for bank employees is the best one, in spite of several shortcomings. A separate Pay Commission is not the solution for these shortcomings. I think we should not sign the petition.



With regards,



K. MOHANDAS RAOOn 21 March 2014 11:19, anil jain wrote:



Please sign the petition and forward to your friends.




Note: Forwarded message attached

-- Original Message --

From: JSOMA SHEKARA jsomase...@gmail.com
To: bankpe...@googlegroups.com
Subject: Re: bankpensioner 10th BPS TALKS WITH IBA HELD ON 14th March 2014.Get your own FREE website, FREE domain & FREE mobile app with Company email.



Know More >---------- Forwarded message ----------From:JSOMA SHEKARA

To:bankpe...@googlegroups.com

Cc:Date:Subject:Re: bankpensioner 10th BPS TALKS WITH IBA HELD ON 14th March 2014.The following news appeared on Banking News blog spotHowever I have not signed the petition, This is only for information.
financial sector, which is the backbone of every economy.On Wed, Mar 19, 2014 at 2:54 PM, L S RAMAN wrote:




The Canara Bank Retirees federation has confirmed that the Hon Supreme Court of India hsd served the notice to Canara Bank on the pending appeal relevant to the 100 % neutralisation case, and we may now expext further progress in the hearing of the case.





Dr.Raman.L.S.On Wed, Mar 19, 2014 at 9:53 AM, PBSarma wrote:





It appears like a fixed match .P B Sarma.Sent from my iPad

On 18-Mar-2014, at 5:14 pm, JSOMA SHEKARA wrote:





X Bipartite Negotiations has been postponed without deciding Wage hike to Mid April. As far as Pensioners are concerned we are used to such deays as we are waiting for solution of grievances since last 10-14 years.






However because of developments lakhs of serving employees are frustrated, angry and are anxious about fate of wage hike.In this disturbed mind they have to carry on duties of year end work. As already said this financial year end last two days are holidays.







Whether FM who had shown least concern towards bank employees and even insulted them saying "All profits cannot used for wage hike", will once again exploit and make Bank employees work on Holidays also?






On Mon, Mar 17, 2014 at 4:22 PM, L S RAMAN wrote:






UFBU is accountable to the pensioners when ever and whereever they have deliberately signed agreements against the interest of pensioners.They are resoponsible lagally and morally gor the damages caused to section of pensioners.Let us hope that they will correct the situation.







DrRaman.L.S.On Mon, Mar 17, 2014 at 5:12 PM, Hanumantha Reddy Adireddy wrote:







Dear friendsfrom the circular we find some passing references to pensioners issues, we need not hope much from the settlement even if is settled. we have seen number of such settlements earlier.









bee cool don't expect too much and get disappointed laterOn Sun, Mar 16, 2014 at 11:38 PM, manoj kumar Majumdar wrote:








Thanks to PM for prompt reporting of progress of Xth Bipartite talks between UFBU and IBA.





The report contains hopes and optimism for the pensioners who so long suffered dismay for supposed indifference to their cause on the part of negotiating parties.

The little that we come to know through the circular issued by UFBU subsequent to 14/3/2014 negotiation, is enough to placate the anger and ill-feeling in certain segments of pensioners.AIBRF and AIBPARC are constantly urging upon UFBU to raise the issues of the pensioners. It is heartening that the subjects , namely, (a) improvement of family pension, (b) 100% DA to all pensioners and (c) updation of pension have received due prominence during the course of negotiation. From the tone and tenor of IBA's response, it appears that the first two issues may be resolved to our satisfaction , may be, not to the full extent. Updation may require further struggle.

Daulat Munot

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Mar 23, 2014, 8:36:02 AM3/23/14
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Dear Comrades, We should not take hasty decision.Lets wait and watch some more time and see what result we retirees get from the  on going Bi-partite negotiation meetings of UFBU WITH IBA in current electoral phase. If it is result oriented for us then we shall strongly support our present system.It is also fact that in the current phase of on line banking,core banking solutions,ATM and further telecommunication development customers dependency in comparision to old system is sharply decreasing day by day.By this our bargaining power is also detiriorating day by day.In near future clearing house system will under go fundamental change to give immediate credit to the constitunt banks and their customers.The only present arm of strike would be obsolete in near future.When  trade unions of Government employees are also flourishing with PAY COMMISSION .As well as Government employees  and pensioners are also satisfactorily benefited then why Banks employees and pensioners would not get benefited through the BANK  PAY COMMISSION. It is the time for AIBRF leaders to go through in detailed study whether this wage commission may be successor of BI-PARTITE NEGOTIATION for wage revision and pension updation and our  other demands which is incorporated in charter of demands.What should be our VISION to this. Even today our pensioners association is also fully dependent to UFBU WHEN SHE HERSELF IS STRUGGLING HARD  FOR WAGE NEGOTIATION TO THEIR PRIMARY MEMBERS,
Then from whom we pensioners will see for future social security.It is the time to deeply think to this .TOMORROW WHEN REALITY COMES FORTH WE SHOULD NOT WANT FURTHER INJUSTICE.If timely decision is  not taken  then it will be totally clear to all who is throwing axe upon ones own feet.What is in the seed of time lets wait and watch,result will come forth in due course..

C.RAJAGOPALAN

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Mar 24, 2014, 1:39:56 AM3/24/14
to bankpe...@googlegroups.com

Dear Prasad,

                            I do not know how many of us will understand the true import of your communication which conveys the uncertainties of the new avatar we are talking about. It is not the time to ponder over this at this juncture since we are on the verge of signing a settlement. The constitution of a commission will take several months with the present slow moving govt machinery and it will be years before it submits its report. Even providing that a commission recommends beneficial  pay scales as some people  believe where is the guarantee that it will be accepted in toto? Let us ponder these aspects

 

C Rajagopalan

 

m: bankpe...@googlegroups.com [mailto:bankpe...@googlegroups.com] On Behalf Of Prasad C N
Sent: Saturday, March 22, 2014 11:01 PM
To: bankpe...@googlegroups.com
Subject: Re: Fwd: Fw: Re: bankpensioner 10th BPS TALKS WITH IBA HELD ON 14th March 2014.

manoj kumar Majumdar

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Mar 24, 2014, 2:20:24 PM3/24/14
to bankpe...@googlegroups.com
Friends,
       
           The latest round of Xth Bipartite negotiation was last held on 14th March 2014. As far as I may recall, pensioners' issues which hitherto remained out of agenda became a focal point of discussion for the first time since commencement of negotiation process sometime in the beginning of the year 2013. This positive report should naturally cause jubilation in the minds of retirees. But surprisingly, the responses and reactions are mixed. Though some of the bloggers welcomed the progress as dawning of hope, few others expressed scepticism and rubbished the discussion as befooling exercise. 

           Some of the comments of later category are summarized below : 
    -  UFBU cheated pensioners in the last settlement.
    -  Passing reference to pensioner issue, not to be optimistic.
    -  Its a ploy to make Bank employees work on sunday and holiday and 
       thus to complete tax collection and closing.
    -  Its a fixed match. 

          Such reactions are very perplexing and are not expected of veterans 
       who earned wisdom through long journey in life. From our experience of last thirty years, we have found that it often takes 2 to 2.5 years for concluding a negotiation process. The intervening period is a cycle of hope and despair, optimism and pessimism, struggle and capitulation, one step forward and two steps back. The leaders have to bear the pressure of such grueling process. Considering all these we must temper our feeling and help create a conducive environment. THERE IS NO REASON FOR TAKING GLOOMY VIEW.

     Manoj Kumar Majumdar  Retd, (VRS)  PNB  Calcutta. 

L S RAMAN

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Mar 25, 2014, 12:20:27 AM3/25/14
to bankpe...@googlegroups.com


The recommendations of the pay commission are to be implemented with in a time frame , based on an appropriate analisis  of requisite wage /pension revision requirements in terms of talent requirements, and the wage market scenario in the interest of the industry and the employees with out siving room for any vested interest including the govt, The commisision approach would there fore be better than the the IBA acting on behalf of the employer sacrificing the interest of employees.
Dr.Raman.L.S.

Sureshbhat M

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Mar 25, 2014, 12:17:56 AM3/25/14
to bankpe...@googlegroups.com
Dear Friends                                 25/03/2014

    The arguers for Pay commission may clarify that they intend to say that Pay Commission is not a new Bank Pay Commission -but Govt's  regular Pay Commission applicable to all Govt bodies.

 But the fun is that,  Hon Chief Mnister of Karnataka, Mr. Siddaramaiah already clarified that Karnataka Govt is not have resource to implement last  pay Commission awards in toto and will not accept and implement future awards also.

It shows  that even subsidiaries coming under PAY Commission are having liberty to accept and prolong implementation of Pay commission recommendations.

     UNDER THE CIRCUMSTANCE, Ministry for Banking along with IBA  may also argue and stick that they will not implement Pay Commission recommendation for lack of funds. THEN,  WE LOOSE BOTH BPS AND PAY COMMISSION. In the mean time the present system of  strong movement for BPS may also get weak and we can not revert to BPS.

Unlike Govt servents, Bank employees /retirees have hundreds of grievances arise every time with new experience in routine banking works. These need to be settled only through discussions face to face and by negotiations.-  ( Cash allowance, Supervisory allc, delegation of powers under daily functioning and compensating it, transfer policies, control of  disciplinary proceedures- etc,etc. ) Under PAY COMMISSION  it one sided with only pay revision with out compensating other grievance.

Hence, I AM under the view that for the Banking system, our existing  BPS system is the right  choice. Bringing tooth to the UFBU can be recomended with inclusion of AIBRF nominee to it's committee for negotiations.

With regards
Suresh Bhat M

Canara Bank SVRS
 





 

PARASURAMAN K R

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Mar 25, 2014, 12:34:50 AM3/25/14
to bankpe...@googlegroups.com
Dear Sri M K Majumdar,

I fully endorse your comments. I had attended the AIBRF Dharna held at New Delhi on 7th March 2014. Sri C H Venkitachalam, Gen. Sec. AIBEA had categorically assured in the meeting that pensioners issues would get due priorities in 10th BPS negotiations. As you rightly said we have to be patient and have full confidence in UFBU leadership. I too agree that negotiation is a cumbersome process and arriving at a conclusion to the satisfaction of both the parties is really a hard task. But our leaders are skillful and pragmatic. They have plenty of experience and know how to tackle IBA. The only thing is that we both employees and retirees should trust and extend whole hearted support to UFBU. 

Now coming to priorities, we have different groups of retirees like pre-86, pre-2002, family pensioners, left out categories etc etc. and it will be very difficult to satisfy all. Anyhow we can expect some improvements and it depends how much funds are available to satisfy the needs of these groups and who deserves the most. If we can prove that sufficient balance is available in pension fund (reports state that Rs.8700/- crores available in Canara Bank pension fund) to take care of the needs of all these categories of retirees the task will be easy for UFBU. I'am sure that AIBRF leadership is in the process of collecting the details of pension fund of all banks to help UFBU with facts and figures. Further nothing significant is going to happen till the new government is formed in the centre and the intervening meetings between UFBU and IBA is only perfunctory. Let us patiently wait and not confuse with jargon like pay commission for banks, bank-wise wage settlement etc etc.

with best wishes to all bank retirees and hoping for an honorable settlement for them in 10th BPS.
  
Parasuraman.K.R
CBSVRWA

L S RAMAN

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Mar 25, 2014, 2:26:59 AM3/25/14
to bankpe...@googlegroups.com
In the pending appeal  before the Hon Supreme Court regarding 100% neutralization One impleading petition has been filed and numbered and the same would be heard shortly.
If it is admitted similar petitions could be filed by similarly placed pensioners affected by the 8th bipartite settlement.
Dr Raman.L.S.

PBSarma

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Mar 25, 2014, 6:58:46 AM3/25/14
to bankpe...@googlegroups.com
Scarcity of funds is a drama played by IBA.First let them give details of funds position.Not only in Canara Bank but also in many other banks the funds position is quite comfortable to meet the genuine demands of pensioners.The banks are reluctant to be transparent in revealing the position of funds because they are afraid all the irregularities committed by them will come for scrutiny and many top executives will be made accountable if not punished.Even many skeletons may come out of the cupboards.Already short provisioning was noticed long back in SBI and Funds from Pension fund were unauthorisedly transferred to P&L a/c to boost profit in another bank.There is no proper verification of amounts due and received leave alone monitoring income from investments.Unless this Pandora's Box is opened and verified we can not accept the versions of IBA and UFBU at face value.
With regards,
P B Sarma.

Sent from my iPad

JSOMA SHEKARA

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Mar 25, 2014, 8:15:04 AM3/25/14
to bankpe...@googlegroups.com

Monday, March 24, 2014

SPECIAL TAX COLLECTION DRIVE BY GOVERNMENT OF INDIA THROUGH BANKS.

ALL INDIA BANK OFFICERS' CONFEDERATION  (AIBOC)
ALL  INDIA  BANK  OFFICERS'  ASSOCIATION   (AIBOA)
INDIAN NATIONAL BANK OFFICERS' CONGRESS (INBOC)
NATIONAL ORGANISATION OF BANK OFFICERS (NOBO)

                                                                                                                                                                                    24th March,2014.
The Chairman,
Indian Banks Association,
MUMBAI.

/Sir,

REG:    SPECIAL TAX COLLECTION DRIVE BY GOVERNMENT OF INDIA THROUGH BANKS.

We have the confirmed information that the Government of India has initiated the expeditious steps to collect the tax revenues from the tax payers by providing special opportunity to pay the tax dues through Banks on 29th, 30th and 31stMarch 2014,being the holidays declared by the State Governments in consultation with the respective Regional Offices of Reserve Bank of India under NI Act.

1.         The taxpayers are aware of the payment of taxes on 15th September,2013 as well as at the end of March 2014.    They are expected to plan the calendar and schedule of payment well in advance. Having failed in their duties,  
  the Government of India is extending undue accommodation by inflicting tremendous pressure on Bank Employees by making them to work on three declared holidays.

2.         The commission paid by the government per tax transaction is meagre and it is certainly not sufficient to meet out  the  establishment cost of running the branches for few tax payers.  The Government of India is linking the profitability of the banking system, while deciding wage revision for the entire workforce handling this assignment by the public sector bank is directly reflecting in the  earnings of the banks. The individual bank management may please be advised to provide the number of challans collected by them and also the revenue     earned  on account of this collection to prove our point.

3        In the States of Maharashtra, Karnataka, Tamilnadu and Andhra Pradesh, the New Year falls on 31.03.2014.  Making the workforce to work on the holidays of religious importance shall adversely affect the morale of the officer coupled with embarrassment in the family circle.

4.         Further there are alternative channels available to the Tax payers, which they should exercise to effect the payment of taxes.

5.         The workforce, if made to work on three holidays, it would amount to nine continuous working days against the settled principle of five and half days per week with forty-two and half hours of working hours. This is against the principle settled long ago .

6.         In view of the above cogent reasons, we are confident that IBA will take appropriate steps to communicate to the concerned authorities in the Government of India, lest, officers’ organisations shall suitably advise the officers in this connection.


Yours Faithfully,
  
                                                                                       
   (HARVINDER SINGH)                           (S.NAGARAJAN)                          (K.K.NAIR)                                                   Dr.S.U.DESHPANDE
            (AIBOC)                                              (AIBOA)                                  (INBOC)                                              (NOBO)

din...@rajvanshi.net

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Mar 25, 2014, 10:30:32 AM3/25/14
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Dear Sh.Parasuraman,
 
The views expressed by you is appreciated. Everyone must have patience and wait for the outcome of negotiations going on for 10th BPS..We should avoid criticising UFBU.  We should support their efforts in dealing with IBA.
 
Dinesh

PARASURAMAN K R

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Mar 26, 2014, 12:24:06 AM3/26/14
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Dear Friends,

While the Governement has instructed banks to be kept open on 29th, 30th and 31st March2014 no such instructions have been given to Incometax offices to facilitate tax payers. While the bankmen sweat the tax officials enjoy their weekly off. What a strange order?

JSOMA SHEKARA

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Mar 27, 2014, 3:17:19 AM3/27/14
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Union Lodge Protest Against Opening Of Banks On Holidays
All Officers’ Organisations will be compelled to resort to any trade union steps including boycott in protest



ALL INDIA BANK OFFICERS' ASSOCIATION


ALL INDIA BANK OFFICERS' CONFEDERATION (AIBOC)
ALL  INDIA  BANK  OFFICERS'  ASSOCIATION (AIBOA)
INDIAN NATIONAL BANK OFFICERS' CONGRESS (INBOC)
NATIONAL ORGANISATION OF BANK OFFICERS (NOBO)
                                                                                                                                                                                                                                     26th March,2014.

The Chairman,
Indian Banks Association,
MUMBAI.

Sir,

       REG: SPECIAL TAX COLLECTION DRIVE
BY GOVERNMENT OF INDIATHROUGH BANKS.
Kindly refer to our earlier communication dated
24th March, 2014 with regard to opening of Bank
branches on Saturday the 29th, March, Sunday
the 30th of March and again on Monday
the 31st of March, 2014, a declared holiday
under NI Act. on account of Ugadi/New Year
day celebrations in many states.

While adopting the “No Work No Pay” principle on
the strike days, including the recent TWO  days
strike on 10th and 11th February, 2014, demanding
a meaningful wage revision for the Bank Officers
and wage parity with similarly placed Officers
elsewhere, profitability was shown as a major
reason for not meeting our demands as per
 our charter, submitted.

We have informed you in detail, the enormous expenses/losses,
 the Banks are making in keeping the branches and
Offices open for relatively a small number of tax payers
by extending the deadlines every year. It has also
become a practice to ‘reward’/facilitate
procrastinators vis-à-vis the disciplined law abiding
tax payers, at an enormous outflow from the exchequer,
adopting an unfair labour practice of compelling
the Bank employees to  over work, when they are
already overburdened with the year end work,
leading to exploitation of labour in the commercial Banks.

Under the circumstances and in absence of any
favourable response from your end, all Officers’ Organisations
will be compelled to resort to any trade union steps
including boycott in protest, which please note.


Yours Faithfully,


  (HARVINDER SINGH)      (S.NAGARAJAN)               (K.K.NAIR)                       Dr.S.U.DESHPANDE
  GENERAL SECRETARY  GENERAL SECRETARY   GENERAL SECRETARY   GENERAL SECRETARY
   (AIBOC)                           (AIBOA)                             (INBOC)                           (NOBO)
Copy to: Sh. M.V. Tanksale,   Chief Executive Officer, IBA


JSOMA SHEKARA

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Apr 3, 2014, 11:34:29 AM4/3/14
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One of the workers Union based in Maharashtra and which is negotiating with IBA separately has indicated that next BPS meeting if any will be only after General Elections.
However UFBU in its circular has stated that next round of meeting will be during second week of April.
So far there is no news of IBA inviting UFBU for talks. We have to wait and watch developments in next  two to three days to know whether there will be any meeting scheduled in April.

Kishore Kumar Nanda

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Apr 4, 2014, 4:32:28 AM4/4/14
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I donot understand the strtaegies of addressing such letters and later keeping mum for some reason or other. Though I am ardent supporter of Unions/Association, I am slowly loosing confidence on leadership who have becoem spineless when the exploitation to officers by Bank Management has reached its peak. Please be transparent when we talk about certain issues and treatment to officers.

On Thursday, 3 April 2014 9:04 PM, JSOMA SHEKARA <jsomase...@gmail.com> wrote:
One of the workers Union based in Maharashtra and which is negotiating with IBA separately has indicated that next BPS meeting if any will be only after General Elections.
However UFBU in its circular has stated that next round of meeting will be during second week of April.
So far there is no news of IBA inviting UFBU for talks. We have to wait and watch developments in next  two to three days to know whether there will be any meeting scheduled in April.
On Wed, Mar 26, 2014 at 11:17 PM, JSOMA SHEKARA <jsomase...@gmail.com> wrote:
Union Lodge Protest Against Opening Of Banks On Holidays
All Officers’ Organisations will be compelled to resort to any trade union steps including boycott in protest



ALL INDIA BANK OFFICERS' ASSOCIATION


ALL INDIA BANK OFFICERS' CONFEDERATION (AIBOC)
ALL  INDIA  BANK  OFFICERS'  ASSOCIATION (AIBOA)
INDIAN NATIONAL BANK OFFICERS' CONGRESS (INBOC)
NATIONAL ORGANISATION OF BANK OFFICERS (NOBO)
                                                                                                                                                              &n bsp;                                                                      26th March,2014.

JSOMA SHEKARA

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Apr 5, 2014, 12:51:46 AM4/5/14
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Dear Friends
After 14th march meeting UFBU has reported as below.

Dear Friends,

                                'In today's(14th March 2014) meeting with I.B.A., pension related issues and improvements in some of the other service conditions as per our charter of demands have been discussed.
                               The response of the management is positive. The next round of meeting will be held in the middle of April.'
Wait for circular.



May be UFBU has good intentions of not creating unnecessary panic among its members. But the various reports of results of 14th meeting  says there is nothing positive in it.

However after analyzing reports of UFBU and other unions

the status of X BPS talks as on today seems to be like this:

1. IBA has virtually ruled out any increase in wage revision beyond 10%.

2. 5 day week demand is more or less rejected.

3. Pension reforms.

    IBA has not all committed anything. Instead  it has said it has to examine the issue afresh and asked Unions to provide detailed submissions in this regard. UFBU and other unions have submitted COD which also contains a chapter viz. demands of Pensioners.

Here the question is whether UFBU had just submitted a one line demand ? Has UFBU not enclosed detailed working in this regard? If so why after wasting 16 months time IBA is now asking Unions to once again submit details? If IBA had done preliminary exercise on its part it would have provided details to UFBU ? The fact is neither IBA nor UFBU and other unions have not gone into details. Are IBA and UFBU serious about he issue or the issue was taken up early at this stage to avoid discussing wage revision as claimed by many in facebook?
Is this not a delaying tactics?
4. As seen from above there is nothing positive emerged on 14th Meeting. In fact there was no possibility of positiveness because the IBA has sent a secondary team on 14th which is not a negotiating team and which had no powers to discuss any matters having financial implications but to discuss misc matters. Even on Pension matters this IBA team seems to have no power to take any decision. So in this meeting Wage revision was not discussed. In other matters IBA has asked UFBU to submit details once again.
Can anyone claim the meeting Positive?
On 5th March FM might have informed bankers that govt cannot take any decisions till new govt is formed. This is also might have been communicated by IBA to UFBU.
This is also supported by the fact that UFBU had sent a team which had no negotiating authority.
Many serving employees are bursting with anger in face book and other social media that why UFBU has not chalked out agitation programme during year end so that govt feels pressure.
To pacify them UFBU has stated that 14th March meeting was positive which is not.
Under these circumstances will there be any meeting at all till formation of govt or even it is there will it be a time pass meetings or any progress will be there in Wage revision as well as Pension improvements?

JSOMA SHEKARA

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Apr 5, 2014, 4:01:42 AM4/5/14
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AIBOA has taken up the issue of NPAs with Govt

LL INDIA BANK OFFICERS' ASSOCIATION


MIN:RBI:42:2014
April 3. 2014



Hon’ble President of India
Government of India
NEW DELHI


Respected Sir,


REG:   ALARMING INCREASE OF BAD LOANS IN THE BANKING SYSTEM-
            REMEDIAL ACTION TO BE INITIATED.

On behalf of the citizen of our Nation and also as a conscious Trade Union of Officers, believing and practicing the avowed principles of “Nation First” “Institution second” and “individual Third” approaching you, as your are the First Citizen of our sovereign Nation and also majority stake holder in the Public Sector Banks, deem fit to place the facts before you for serious consideration.  The details are as under:

1.    1. Salient Features related to Banking system – Deposits + Advances

[a] Aggregate Deposits                       Rs. 75,49,04,000 crores
[b] Aggregate Advances                      Rs.57,89,92,000 crores
[c] Investments                                       Rs.22,32,24,000 crores

2.    2. Increasing bad loans –Gross NPA
*                                                                                                                                                           Rs.  in crores
S No.
Bank
March 2012
March 2013
1
Allahabd Bank
2058
5137
2
Andhra Bank
1798
3714
3
Bank of India
5894
8765
4
Bank of Baroda
4465
7982
5
Bank of Maharashtra
1297
1138
6
Canara Bank
4032
6260
7
Central Bank of India
7273
8456
8
Corporation Bank
1274
2048
9
Dena Bank
956
1452
10
Indian Bank
1850
3565
11
Indian Overseas Bank
3920
6607
12
Oriental Bank of Commerce
3580
4183
13
Punjab National Bank
8719
13465
14
Punjab & Sind Bank
763
1536
15
Syndicate Bank
3183
2978
16
UCO Bank
4086
7130
17
Union Bank of India
5450
6314
18
United Bank of India
2176
2964
19
Vijaya Bank
1718
1532

Nationalised Bank
64496
95233

20
State Bank of India
39676
51189
21
SBBJ
1651
2120
22
SBH
2007
3186
23
SBM
1503
2081
24
SBP
1888
2453
25
SBT
1489
1750
26
IDBI Bank
4551
6450


1,17,262
1,64,461


3.    3. First Four Bad Loan Borrowers in Public Sector Banks
                                                                                                              Quantumwise Rs.in crores

2009-10
2010-11
2011-12
2012-13
Gross NPA
59927
74664
117262
164461
In top 4 bad loans a/cs
8418
16957
17029
22666


4.    Top NPA Accounts of Banks.
  Rs.   in crores
Banks
Gross NPA
Amt.
Top 30 A/cs _% Gross
Nationalised Banks
1,11,209
 48406
 43.50




SBI Group
71,620
15266
21.30
Public Sector Banks
1,82,829
63,672
34.83


5.    5. Gross NPAs of above Rs.1 crore Number Accounts/Amount: Rs.  in crores
Bank
March 2010
March 2011
March 2012

A/cs
Amt.
A/c
Amt.
A/c
Amt
SBI
1262
8533
1527
11406
2419
23320
PNB
188
826
133
1803
709
5295
IDBI Bank
234
1598
371
2125
579
3682
Bank of India
350
2809
236
2522
507
4268
All other 23 PSBs
2065
12843
2322
16777
3081
31697

4099
26629
4589
34633
7295
68262


6.    6. Profit earned and appropriated Rs.In crores
Year
Operating Profit
Net Profit
31.03.2007
42406
20310
31.03.2008
49819
26591
31.03.2009
66604
34372
31.03.2010
76905
39257
31.03.2011
100065
44900
31.03.2012
112289
47483




7.    7 Bad loans written off by the Banking system
*                                                                                                                                                         Rs. in crores
Year
PSBs
Old PVT Banks
New Pvt.Banks
Foreign Banks
Total
2007
9189
610
1232
690
11621
2008
8019
724
1577
1334
11654
2009
6966
616
5063
3350
15995
2010
11185
884
6712
6238
25019
2011
17794
682
2336
3083
23895
2012
15551
671
3024
1646
20892
2013
27013
863
3487
855
32218

95717
5050
23431
17096
141294


From the above it goes to establish that the hard earned savings of the peoples of our Nation is utilised to write off the bad loans in the Banks.

The following actions, considering the requirements of the various agencies, may please urgently be initiated to save the Public Sector Banking and also restore its health.

[a]        An external authority / committee with members of proven integrity and high moral standing should be entrusted with the responsibility of auditing the accounts of Public Sector Banks as at the close of 31.03.2014 within a fixed time schedule and the reports are to be submitted to you.

[b]        Right from 1993, the Chairmen who are responsible to conduct the affairs should be made accountable for their dereliction of duties due to which the present situation has arisen.

            As per the practice in vogue, large loan proposals are considered by the committee consisting of General Manager’s of the Bank.  Hence, even the proposals processed by the GM’s committee often turned as a bad loans.  It is relevant to quote, the RBI’s observations on committee method of sanctioning loans should be done away with, as this did not hold any single individual accountable.  The committee members should also be held accountable.

[c]        Together with Chairman, the Government representative and the RBI representative, who are expected to take care of the affairs of the Public Sector Banks should also be made accountable for their failure to check the deviations during their tenure as the member of the Board.

[d]        Urgent steps are to be initiated to declare the defaulters who have sufficient resources to clear the dues of the Bank and still not cleared the loan as wilful defaulters under criminal procedure code.  Criminal procedure code/Indian Penal code should be suitably amended to define the “wilful defaulters” of the Bank loan including the diversion of Banks funds utilised for the purpose “other than the one” for which it was availed.  It should be treated as “criminal act” with consequent punishment.

            In case of the Limited companies / corporates, full time or part time directors are also to be prohibited to contest the elections in the event of the said Limited company have failed to clear the loan availed from the Public Sector Banks.

            CEO/promotee Director of the defaulting company should not be a Director in any other company.  To give effect the company law should be suitably amended.

[e]        The bank defaulters should be prohibited to contest the elections at all levels and appropriate amendments in the “People’s representation Act 1951” should also be made prohibiting them to participate in the election process.

[f]         Any individual holding the position in the Government and he has not paid the bank dues, they should be directed to relinquish the office immediately and simultaneously clear the loans too.

            Officers, who are holding the office of profit should declare their availment of loan in their yearly statement, failing which, the same should be treated as  a  misconduct under the specified rules of the Government.

            Banks shall have the first charge on the immovable property viz. land and building over the other agencies. Then Professionals who are involved in the loan processing [ie] C.A., Lawyers and Certified Valuers are also appropriately to be dealt with.

            Indian Banks’ Association should meticulously publish the caution list bi-monthly for the benefit of member Banks.

[g]        If an individual in any capacity is a loan defaulter, then he should be disentitled to draw any concession / subsidy of any nature, which is also applicable to senior citizens.

[i]         The entire Banking system should have the “Banking Audit Commission” on the lines of “CAG” to make the people responsible to conduct the affairs of the Banks and the report should be placed before the Parliament.

Our Banking system has weathered  away “2008 global meltdown” and Public Sector Banks are nation building instruments hence it is to be promoted, preserved and protected from the use, abuse and misuse by the people at the helm of affairs.

The list of bad loan borrowers of the Banking system is also sent herewith for your ready reference and doing the needful.

Please acknowledge receipt.

Yours faithfully,
  
/S.NAGARAJAN/
/GENERAL SECRETARY/

bhaskara sarma

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Apr 5, 2014, 11:33:59 AM4/5/14
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BOTH IBA and UFBU DO HAVE FULL DETAILS OF COST FACTORS REG 100 PER
CENT DA NEUTRALISATION TO ALL,ENHANCEMENT OF FAMILY PENSION AND
PENSION UPDATION.WE CAN NOT SIMPLY BELIEVE IF THEY DONT HAVE DETAILS
OF COST FACTORS ON SUCH IMPORTANT DEMANDS.THIS SERIAL PLAY GOES ON
LIKE THAT TILL EVERY IS FED UP.
P B SARMA.

On 4/5/14, JSOMA SHEKARA <jsomase...@gmail.com> wrote:
> *AIBOA has taken up the issue of NPAs with Govt*
>
> *LL INDIA BANK OFFICERS' ASSOCIATION*
>
>
> *MIN:RBI:42:2014*
> *April 3. 2014*
>
>
>
> *Hon'ble President of India*
> *Government of India*
> *NEW DELHI*
>
>
> *Respected Sir,*
>
>
> *REG: **ALARMING INCREASE OF BAD LOANS IN THE BANKING SYSTEM-*
> *REMEDIAL ACTION TO BE INITIATED.*
>
> *On behalf of the citizen of our Nation and also as a conscious Trade
> Union of Officers, believing and practicing the avowed principles of
> "Nation First" "Institution second" and "individual Third" approaching you,
> as your are the First Citizen of our sovereign Nation and also majority
> stake holder in the Public Sector Banks, deem fit to place the facts before
> you for serious consideration. The details are as under:*
>
> *1. 1. Salient Features related to Banking system - Deposits +
> Advances*
>
> *[a] Aggregate Deposits Rs. 75,49,04,000 crores*
> *[b] Aggregate Advances Rs.57,89,92,000 crores*
> *[c] Investments Rs.22,32,24,000
> crores*
>
> *2. 2. Increasing bad loans -Gross NPA*
> [image: *]
>
> *Rs*. *in crores*
> *S No.*
> *Bank*
> *March 2012*
> *March 2013*
> *1*
> *Allahabd Bank*
> *2058*
> *5137*
> *2*
> *Andhra Bank*
> *1798*
> *3714*
> *3*
> *Bank of India*
> *5894*
> *8765*
> *4*
> *Bank of Baroda*
> *4465*
> *7982*
> *5*
> *Bank of Maharashtra*
> *1297*
> *1138*
> *6*
> *Canara Bank*
> *4032*
> *6260*
> *7*
> *Central Bank of India*
> *7273*
> *8456*
> *8*
> *Corporation Bank*
> *1274*
> *2048*
> *9*
> *Dena Bank*
> *956*
> *1452*
> *10*
> *Indian Bank*
> *1850*
> *3565*
> *11*
> *Indian Overseas Bank*
> *3920*
> *6607*
> *12*
> *Oriental Bank of Commerce*
> *3580*
> *4183*
> *13*
> *Punjab National Bank*
> *8719*
> *13465*
> *14*
> *Punjab & Sind Bank*
> *763*
> *1536*
> *15*
> *Syndicate Bank*
> *3183*
> *2978*
> *16*
> *UCO Bank*
> *4086*
> *7130*
> *17*
> *Union Bank of India*
> *5450*
> *6314*
> *18*
> *United Bank of India*
> *2176*
> *2964*
> *19*
> *Vijaya Bank*
> *1718*
> *1532*
>
> *Nationalised Bank*
> *64496*
> *95233*
>
> *20*
> *State Bank of India*
> *39676*
> *51189*
> *21*
> *SBBJ*
> *1651*
> *2120*
> *22*
> *SBH*
> *2007*
> *3186*
> *23*
> *SBM*
> *1503*
> *2081*
> *24*
> *SBP*
> *1888*
> *2453*
> *25*
> *SBT*
> *1489*
> *1750*
> *26*
> *IDBI Bank*
> *4551*
> *6450*
>
>
> *1,17,262*
> *1,64,461*
>
>
> *3. 3. First Four Bad Loan Borrowers in Public Sector Banks*
>
>
> *Quantumwise
> Rs.in crores*
>
> *2009-10*
> *2010-11*
> *2011-12*
> *2012-13*
> *Gross NPA*
> *59927*
> *74664*
> *117262*
> *164461*
> *In top 4 bad loans a/cs*
> *8418*
> *16957*
> *17029*
> *22666*
>
>
> *4. Top NPA Accounts of Banks.*
> *Rs.* *in crores*
> *Banks*
> *Gross NPA*
> *Amt.*
> *Top 30 A/cs _% Gross*
> *Nationalised Banks*
> *1,11,209*
> *48406*
> *43.50*
>
>
>
>
> *SBI Group*
> *71,620*
> *15266*
> *21.30*
> *Public Sector Banks*
> *1,82,829*
> *63,672*
> *34.83*
>
>
> *5.* *5. Gross NPAs of above Rs.1 crore Number Accounts/Amount: **Rs.
> in crores*
> *Bank*
> *March 2010*
> *March 2011*
> *March 2012*
>
> *A/cs*
> *Amt.*
> *A/c*
> *Amt.*
> *A/c*
> *Amt*
> *SBI*
> *1262*
> *8533*
> *1527*
> *11406*
> *2419*
> *23320*
> *PNB*
> *188*
> *826*
> *133*
> *1803*
> *709*
> *5295*
> *IDBI Bank*
> *234*
> *1598*
> *371*
> *2125*
> *579*
> *3682*
> *Bank of India*
> *350*
> *2809*
> *236*
> *2522*
> *507*
> *4268*
> *All other 23 PSBs*
> *2065*
> *12843*
> *2322*
> *16777*
> *3081*
> *31697*
>
> *4099*
> *26629*
> *4589*
> *34633*
> *7295*
> *68262*
>
>
> *6.* *6. Profit earned and appropriated **Rs*.*In crores*
> *Year*
> *Operating Profit*
> *Net Profit*
> *31.03.2007*
> *42406*
> *20310*
> *31.03.2008*
> *49819*
> *26591*
> *31.03.2009*
> *66604*
> *34372*
> *31.03.2010*
> *76905*
> *39257*
> *31.03.2011*
> *100065*
> *44900*
> *31.03.2012*
> *112289*
> *47483*
>
>
>
>
> *7. 7 Bad loans written off by the Banking system*
> [image: *]
>
> *Rs. **in crores*
> *Year*
> *PSBs*
> *Old PVT Banks*
> *New Pvt.Banks*
> *Foreign Banks*
> *Total*
> *2007*
> *9189*
> *610*
> *1232*
> *690*
> *11621*
> *2008*
> *8019*
> *724*
> *1577*
> *1334*
> *11654*
> *2009*
> *6966*
> *616*
> *5063*
> *3350*
> *15995*
> *2010*
> *11185*
> *884*
> *6712*
> *6238*
> *25019*
> *2011*
> *17794*
> *682*
> *2336*
> *3083*
> *23895*
> *2012*
> *15551*
> *671*
> *3024*
> *1646*
> *20892*
> *2013*
> *27013*
> *863*
> *3487*
> *855*
> *32218*
>
> *95717*
> *5050*
> *23431*
> *17096*
> *141294*
>
>
> *From the above it goes to establish that the hard earned savings of the
> peoples of our Nation is utilised to write off the bad loans in the Banks.*
>
> *The following actions, considering the requirements of the various
> agencies, may please urgently be initiated to save the Public Sector
> Banking and also restore its health.*
>
> *[a] An external authority / committee with members of proven
> integrity and high moral standing should be entrusted with the
> responsibility of auditing the accounts of Public Sector Banks as at the
> close of 31.03.2014 within a fixed time schedule and the reports are to be
> submitted to you.*
>
> *[b] Right from 1993, the Chairmen who are responsible to conduct
> the affairs should be made accountable for their dereliction of duties due
> to which the present situation has arisen.*
>
> *As per the practice in vogue, large loan proposals are
> considered by the committee consisting of General Manager's of the Bank.
> Hence, even the proposals processed by the GM's committee often turned as a
> bad loans. It is relevant to quote, the RBI's observations on committee
> method of sanctioning loans should be done away with, as this did not hold
> any single individual accountable. The committee members should also be
> held accountable.*
>
> *[c] Together with Chairman, the Government representative and the
> RBI representative, who are expected to take care of the affairs of the
> Public Sector Banks should also be made accountable for their failure to
> check the deviations during their tenure as the member of the Board.*
>
> *[d] Urgent steps are to be initiated to declare the defaulters who
> have sufficient resources to clear the dues of the Bank and still not
> cleared the loan as wilful defaulters under criminal procedure code.
> Criminal procedure code/Indian Penal code should be suitably amended to
> define the "wilful defaulters" of the Bank loan including the diversion of
> Banks funds utilised for the purpose "other than the one" for which it was
> availed. It should be treated as "criminal act" with consequent
> punishment.*
>
> *In case of the Limited companies / corporates, full time or
> part time directors are also to be prohibited to contest the elections in
> the event of the said Limited company have failed to clear the loan availed
> from the Public Sector Banks.*
>
> *CEO/promotee Director of the defaulting company should not be
> a Director in any other company. To give effect the company law should be
> suitably amended.*
>
> *[e] The bank defaulters should be prohibited to contest the
> elections at all levels and appropriate amendments in the "People's
> representation Act 1951" should also be made prohibiting them to
> participate in the election process.*
>
> *[f] Any individual holding the position in the Government and he
> has not paid the bank dues, they should be directed to relinquish the
> office immediately and simultaneously clear the loans too.*
>
> *Officers, who are holding the office of profit should declare
> their availment of loan in their yearly statement, failing which, the same
> should be treated as a misconduct under the specified rules of the
> Government.*
>
> *Banks shall have the first charge on the immovable property
> viz. land and building over the other agencies. Then Professionals who are
> involved in the loan processing [ie] C.A., Lawyers and Certified Valuers
> are also appropriately to be dealt with.*
>
> *Indian Banks' Association should meticulously publish the
> caution list bi-monthly for the benefit of member Banks.*
>
> *[g] If an individual in any capacity is a loan defaulter, then he
> should be disentitled to draw any concession / subsidy of any nature, which
> is also applicable to senior citizens.*
>
> *[i] The entire Banking system should have the "Banking Audit
> Commission" on the lines of "CAG" to make the people responsible to conduct
> the affairs of the Banks and the report should be placed before the
> Parliament.*
>
> *Our Banking system has weathered away "2008 global meltdown" and Public
> Sector Banks are nation building instrumen**ts hence it is to be promoted,
> preserved and protected from the use, abuse and misuse by the people at the
> helm of affairs.*
>
> *The list of bad loan borrowers of the Banking system is also sent
> herewith for your ready reference and doing the needful.*
>
> *Please acknowledge receipt.*
>
> *Yours faithfully,*
>
> */S.NAGARAJAN/*
> */GENERAL SECRETARY/*
>
>
>
> On Fri, Apr 4, 2014 at 8:51 PM, JSOMA SHEKARA
> <jsomase...@gmail.com>wrote:
>
>> Dear Friends
>> After 14th march meeting UFBU has reported as below.
>>
>> *Dear Friends,*
>>
>>
>>
>> * 'In today's(14th March 2014) meeting
>> with
>> I.B.A., pension related issues and improvements in some of the other
>> service conditions as per our charter of demands have been discussed.
>> The response of the management is positive. The
>> next round of meeting will be held in the middle of April.'Wait for
>> circular.*
>>> *From:* PARASURAMAN K R
>>> *To:* bankpe...@googlegroups.com
>>> *Sent:* Tuesday, March 25, 2014 10:04 AM
>>> *Subject:* Re: Fwd: Fw: Re: bankpensioner 10th BPS TALKS WITH IBA HELD
>>> *m:* bankpe...@googlegroups.com [mailto:
>>> bankpe...@googlegroups.com] *On Behalf Of *Prasad C N
>>> *Sent:* Saturday, March 22, 2014 11:01 PM
>>> *To:* bankpe...@googlegroups.com
>>> *Subject:* Re: Fwd: Fw: Re: bankpensioner 10th BPS TALKS WITH IBA HELD
>>> *Dr.Dhananjaya Bhupathi, B.Sc.[Public Health], M.D.[Acupressure],
>>> MA.,LLB.,CAIIB., Syndicate Bank Pensioner,Acupressure Therapeutist &
>>> Trainer,Regd.No.4855[CASM],Proctor & Chairman SAIOAM [Regd Charitable
>>> Trust],**doctordh...@gmail.com.www.saioam.in** for "FREE" and
>>> instant diagnosis of any disease "online"-- options for cure with "no
>>> side
>>> effects" available. One of the Top most contributors from India on Yahoo
>>> Answers Health Blog [Yardstick to assess an answerer's contribution in
>>> Yahoo Answers health blog- I Crossed 1 lac points as on 01012014-in
>>> Alternative Medicine, Cancer & Other Diseases.] 1.Ph.No.0870-2432437
>>> [BSNL-land line].2.09849367207.[Mobile].Contact by landline is
>>> preferred.*
>>> *Wage revision for bank employees has always been a vexatious issue,
>>> especially over the last three decades. With the bipartite level talks
>>> that
>>> have been going on for the last one and a half years, without any
>>> meaningful conclusion, there is now a strong wave of discontentment and
>>> restlessness among the young bankers who firmly believe that the
>>> negotiating unions have sold out their interests. This is can be gauged
>>> from the following paragraphs.*
>>> *In the year 1953, while deciding on the pay structure for bank
>>> employees, Justice S. Panchapagesa Sastry has given in his Award: "The
>>> rates of pay in certain departments of Government such as Posts &
>>> Telegraphs and in State Governments will also furnish material for the
>>> construction of pay scale for bank workmen. Above all we have the report
>>> of
>>> the Central Pay Commission which is now considered an authoritative and
>>> useful guide to problems relating wage determination at least among
>>> Government employees. There are several affinities between bank workmen
>>> and
>>> Government clerks, bank subordinates and Government menials. The Central
>>> Pay Commission had before them the very same clerical class and the
>>> class
>>> below it." ( Para 252 of the Sastry Award).*
>>> *Justice Sastry went on to observe further : " In the matters of
>>> education, intelligence, social needs, family responsibilities,
>>> standards
>>> of living and outlook on life there is a fair degree of similarity
>>> between
>>> the clerks that work in a bank and those that work in a Government
>>> department............We may nevertheless take the Government pay scales
>>> as
>>> an indication, however rough, of how the clerical class in general
>>> should
>>> be remunerated......" (Para 259 of Sastry Award).*
>>> *The Justice Kantilal T Desai Commission of 1962 had also observed that
>>> : " Having considered all aspects of the matter, I am of the view that
>>> to
>>> the extent that prevailing rates of wages in similar occupations in the
>>> same localities play a part in fixation of wages, the workmen have made
>>> out
>>> a case for an upward revision of their emoluments" (Para 5.181 of Desai
>>> Award.)*
>>> *Like wise , the Pillai Committee Recommendations for the bank officers
>>> equated their salary with that of the government officers.*
>>> *These Awards were pronounced at a time, when the banking industry was
>>> under private managements. With the nationalization of the banks in 1969
>>> &
>>> also in 1982, the majority of the banks have now acquired the character
>>> of
>>> public sector undertakings with their heavy penetration into rural areas
>>> to
>>> serve the masses and create financial inclusion.*
>>>
>>> *However on the wage front, the reality is different. Take for
>>> comparison, the salaries of Central government, State Government,
>>> Central
>>> PSUs (including loss making units), State PSUs, Quasi-government bodies,
>>> Service Sectors like Railways, Telecom, Power/Electricity, Posts &
>>> Telegraph, MNCs, Large Corporates etc., with our bank staff wages over a
>>> specific time horizon especially from 1985 to 2012. This will reveal
>>> shocking and painful facts about how the wages of bank personnel have
>>> got
>>> eroded substantially during the last 25 years. This fact has been
>>> admitted
>>> by AIBOC in their circular No. 2014/08, where in it is stated :
>>> "dilution
>>> in our salaries vis a vis Government Officials has taken place over a
>>> period starting from 1982 and gap has widened with successive
>>> settlements".*
>>>
>>> *Other than paying lip-sympathy, the negotiating unions have totally
>>> failed to ensure the concept of Pay-Parity for the bank employees vis a
>>> vis, the government employees. Presently the estimate of this gap is
>>> between 35 to 40% in different cadres, if we take into account the 6th
>>> Pay
>>> Commission salary of government employees. The most painful fact is that
>>> our leaders are now trying to convince us for a 13 % to 15 % increase in
>>> the ongoing talks. Thus the IBA & UFBU are bent upon thrusting a lower
>>> increase for us, which will not even equate us with the 6th CPC scales,
>>> while the Central Government has already announced constitution of a 7th
>>> Pay Commission which will take effect from 01.01.2016 for the government
>>> employees.*
>>> *With the unions in the industry having miserably failed to arrest and
>>> reverse the trend of deteriorating wage levels over the last thirty
>>> years,
>>> we the younger generation of the bank employees are now fully convinced
>>> that there is not going to be any meaningful conclusion at the industry
>>> level bipartite talks between these unions and the managements. We are
>>> firmly of the opinion that the Pay-Parity concept originally provided
>>> for
>>> us through the Sastry Award of 1953 alone will bring us justice in our
>>> wage
>>> scales. Therefore, we urge upon all concerned to include us either as
>>> part
>>> of the Central Pay Commission process or alternatively constitute a
>>> separate Pay Commission for Bank Employees, on the lines of the Central
>>> Govt.*
>>> *The ten lakh bank employees want justice on pay-parity, as ordered by
>>> Sastry Award more than sixty years ago. This is an immediate need of the
>>> hour. Such a Pay Commission alone will prevent mass exodus of the
>>> intelligent younger generation to greener pastures elsewhere. Stopping
>>> attrition will also ensure that the banks continue to play their vital
>>> role
>>> in the economic development of the nation and contribute to a healthy
>>> financial sector, which is the backbone of every economy.*
>>> * Bipartite Talks with IBA held on 14-3-2014*
>>>
>>> 1. The text of UFBU Circular No. 22 dt. 14-3-2014 on the outcome of
>>> the discussions with IBA held on above date is reproduced hereunder
>>> for
>>> information of all:-
>>>
>>> "*In our Circular No. 20 dated 3rd March 2014, we had
>>> informed about the details of the discussions held with the IBA on that
>>> day. Another round of discussions were held today in IBA office, Mumbai
>>> between IBA and UFBU. IBA's team was led by Mr R.K.Dubey (CMD, Canara
>>> Bank), Chairman of the IBA's Core Committee, Mr M.V.Tanksale, Chief
>>> Executive, IBA and other Executives. UFBU was represented by leaders of
>>> all our constituent unions. *
>>> * Carrying forward the discussions held in the last round
>>> of
>>> talks, some of the important issues like introduction of 5 Day Banking,
>>> regulated working hours for officers, etc. were discussed further.
>>> While
>>> appreciating our viewpoints, IBA wanted further inputs from the Unions
>>> in
>>> order to examine the issues and to take up the matter with higher
>>> authorities. We stressed on the need for providing quarters/ housing
>>> accommodation to all employees, particularly to those recruited in the
>>> Banks in the recent years. IBA opined that the matter needs further
>>> discussion at their level. We also demanded that 100% of the
>>> medical/hospitalisation expenses incurred by the employees and officers
>>> for
>>> self/family members should be reimbursed. IBA suggested that the
>>> mediclaim
>>> scheme proposed by them earlier can be customized in such a way to be
>>> handled by the Banks instead of insurance companies or third party
>>> administrators. We requested the IBA to furnish details in this regard
>>> whereafter the issue will be further studied and discussed. *
>>> * On our demand for improvement in the Family Pension
>>> scheme,
>>> extension of 100% DA formula to pre-2002 pensioners, etc., IBA was
>>> considerate and agreed to work out the cost implications to enable them
>>> to
>>> take a view on these demands. To our demand on periodical updation of
>>> pension on occasions of wage revision, IBA felt that the issue has to be
>>> examined, in its entirety, looking at the cost involved, outflow, etc.
>>> On
>>> reverting to old pension scheme from NPS, IBA expressed their inability
>>> to
>>> accede to our demand but we reiterated the same. *
>>> * To our demand regarding compassionate appointment scheme,
>>> IBA conveyed the clarifications sought from the Government to which we
>>> explained that UFBU's view is that the compassionate appointment scheme
>>> should be on the lines of the Government scheme and urged upon them to
>>> expedite the matter. *
>>> * To our demand for improvement in the IBA's earlier offer
>>> on wage increase, IBA informed that they are not able to make further
>>> offer. *
>>> * It was decided to hold the next round of discussions in the
>>> middle of April, 2014 and the date would be finalized. Further
>>> developments will be informed to all our units/members in due course."*
>>> * M V Murali, *
>>> *Convenor"*

L S RAMAN

unread,
Apr 5, 2014, 1:06:19 PM4/5/14
to bankpe...@googlegroups.com
As expected the IBA was successful in delaying the process of negotiation, inspite of the UFBU having gone on strike and their members having lost their wages for the strike days.The General Election has come in handy as an excuse for delaying further negotiations.If RBI and GOI could take a policy decision for approving and licencing of new Private Sector Banks just two weeks befoe the commencement of General Election and during the currency of the Election Code of Conduct, where ad what  is the difficulty in continuing the negotiation regarding the settlement of wage revision due in 1st November 2012, ?. This is a clear case of betrayal on the part of IBA known for its anti employee attitude.
Let us wait and watch, and await for the General Election RESULTS..
Dr Raman.L.S.

bhaskara sarma

unread,
Apr 6, 2014, 12:47:36 AM4/6/14
to bankpe...@googlegroups.com
general elections is an opportunity for bank employees to threaten
with an indefinite strike.why it was not done.simply agreed to conduct
another meeting after one month instead of 10 days or 15 days agreed
already.Intentions are obvious.
P B SARMA.

On 4/5/14, L S RAMAN <raman...@gmail.com> wrote:
> As expected the IBA was successful in delaying the process of negotiation,
> inspite of the UFBU having gone on strike and their members having lost
> their wages for the strike days.The General Election has come in handy as
> an excuse for delaying further negotiations.If RBI and GOI could take a
> policy decision for approving and licencing of new Private Sector Banks
> just two weeks befoe the commencement of General Election and during the
> currency of the Election Code of Conduct, where ad what is the difficulty
> in continuing the negotiation regarding the settlement of wage revision due
> in 1st November 2012, ?. This is a clear case of betrayal on the part of
> IBA known for its anti employee attitude.
> Let us wait and watch, and await for the General Election RESULTS..
> Dr Raman.L.S.
>
>
> On Sat, Apr 5, 2014 at 1:31 PM, JSOMA SHEKARA
> <jsomase...@gmail.com>wrote:
>
>> *AIBOA has taken up the issue of NPAs with Govt*
>>
>> *LL INDIA BANK OFFICERS' ASSOCIATION*
>>
>>
>> *MIN:RBI:42:2014*
>> *April 3. 2014*
>>
>>
>>
>> *Hon'ble President of India*
>> *Government of India*
>> *NEW DELHI*
>>
>>
>> *Respected Sir,*
>>
>>
>> *REG: **ALARMING INCREASE OF BAD LOANS IN THE BANKING SYSTEM-*
>> *REMEDIAL ACTION TO BE INITIATED.*
>>
>> *On behalf of the citizen of our Nation and also as a conscious Trade
>> Union of Officers, believing and practicing the avowed principles of
>> "Nation First" "Institution second" and "individual Third" approaching
>> you,
>> as your are the First Citizen of our sovereign Nation and also majority
>> stake holder in the Public Sector Banks, deem fit to place the facts
>> before
>> *From the above it goes to establish that the hard earned savings of the
>> peoples of our Nation is utilised to write off the bad loans in the
>> Banks.*
>>
>> *The following actions, considering the requirements of the various
>> agencies, may please urgently be initiated to save the Public Sector
>> Banking and also restore its health.*
>>
>> *[a] An external authority / committee with members of proven
>> integrity and high moral standing should be entrusted with the
>> responsibility of auditing the accounts of Public Sector Banks as at the
>> close of 31.03.2014 within a fixed time schedule and the reports are to
>> be
>> submitted to you.*
>>
>> *[b] Right from 1993, the Chairmen who are responsible to conduct
>> the affairs should be made accountable for their dereliction of duties
>> due
>> to which the present situation has arisen.*
>>
>> *As per the practice in vogue, large loan proposals are
>> considered by the committee consisting of General Manager's of the Bank.
>> Hence, even the proposals processed by the GM's committee often turned as
>> a
>> bad loans. It is relevant to quote, the RBI's observations on committee
>> method of sanctioning loans should be done away with, as this did not
>> hold
>> any single individual accountable. The committee members should also be
>> held accountable.*
>>
>> *[c] Together with Chairman, the Government representative and
>> the RBI representative, who are expected to take care of the affairs of
>> the
>> Public Sector Banks should also be made accountable for their failure to
>> check the deviations during their tenure as the member of the Board.*
>>
>> *[d] Urgent steps are to be initiated to declare the defaulters
>> who have sufficient resources to clear the dues of the Bank and still not
>> cleared the loan as wilful defaulters under criminal procedure code.
>> Criminal procedure code/Indian Penal code should be suitably amended to
>> define the "wilful defaulters" of the Bank loan including the diversion
>> of
>> Banks funds utilised for the purpose "other than the one" for which it
>> was
>> availed. It should be treated as "criminal act" with consequent
>> punishment.*
>>
>> *In case of the Limited companies / corporates, full time or
>> part time directors are also to be prohibited to contest the elections in
>> the event of the said Limited company have failed to clear the loan
>> availed
>> from the Public Sector Banks.*
>>
>> *CEO/promotee Director of the defaulting company should not
>> be a Director in any other company. To give effect the company law
>> should
>> be suitably amended.*
>>
>> *[e] The bank defaulters should be prohibited to contest the
>> elections at all levels and appropriate amendments in the "People's
>> representation Act 1951" should also be made prohibiting them to
>> participate in the election process.*
>>
>> *[f] Any individual holding the position in the Government and
>> he has not paid the bank dues, they should be directed to relinquish the
>> office immediately and simultaneously clear the loans too.*
>>
>> *Officers, who are holding the office of profit should
>> declare their availment of loan in their yearly statement, failing which,
>> the same should be treated as a misconduct under the specified rules of
>> the Government.*
>>
>> *Banks shall have the first charge on the immovable property
>> viz. land and building over the other agencies. Then Professionals who
>> are
>> involved in the loan processing [ie] C.A., Lawyers and Certified Valuers
>> are also appropriately to be dealt with.*
>>
>> *Indian Banks' Association should meticulously publish the
>> caution list bi-monthly for the benefit of member Banks.*
>>
>> *[g] If an individual in any capacity is a loan defaulter, then
>> he should be disentitled to draw any concession / subsidy of any nature,
>> which is also applicable to senior citizens.*
>>
>> *[i] The entire Banking system should have the "Banking Audit
>> Commission" on the lines of "CAG" to make the people responsible to
>> conduct
>> the affairs of the Banks and the report should be placed before the
>> Parliament.*
>>
>> *Our Banking system has weathered away "2008 global meltdown" and
>> Public Sector Banks are nation building instrumen**ts hence it is to be
>> promoted, preserved and protected from the use, abuse and misuse by the
>> people at the helm of affairs.*
>>
>> *The list of bad loan borrowers of the Banking system is also sent
>> herewith for your ready reference and doing the needful.*
>>
>> *Please acknowledge receipt.*
>>
>> *Yours faithfully,*
>>
>> */S.NAGARAJAN/*
>> */GENERAL SECRETARY/*
>>
>>
>>
>> On Fri, Apr 4, 2014 at 8:51 PM, JSOMA SHEKARA
>> <jsomase...@gmail.com>wrote:
>>
>>> Dear Friends
>>> After 14th march meeting UFBU has reported as below.
>>>
>>> *Dear Friends,*
>>>
>>>
>>>
>>> * 'In today's(14th March 2014) meeting
>>> with I.B.A., pension related issues and improvements in some of the
>>> other
>>> service conditions as per our charter of demands have been discussed.
>>> The response of the management is positive. The
>>> next round of meeting will be held in the middle of April.'Wait for
>>> circular.*
>>>> *From:* PARASURAMAN K R
>>>> *To:* bankpe...@googlegroups.com
>>>> *Sent:* Tuesday, March 25, 2014 10:04 AM
>>>> *Subject:* Re: Fwd: Fw: Re: bankpensioner 10th BPS TALKS WITH IBA HELD
>>>> *m:* bankpe...@googlegroups.com [mailto:
>>>> bankpe...@googlegroups.com] *On Behalf Of *Prasad C N
>>>> *Sent:* Saturday, March 22, 2014 11:01 PM
>>>> *To:* bankpe...@googlegroups.com
>>>> *Subject:* Re: Fwd: Fw: Re: bankpensioner 10th BPS TALKS WITH IBA HELD
>>>> *Dr.Dhananjaya Bhupathi, B.Sc.[Public Health], M.D.[Acupressure],
>>>> MA.,LLB.,CAIIB., Syndicate Bank Pensioner,Acupressure Therapeutist &
>>>> Trainer,Regd.No.4855[CASM],Proctor & Chairman SAIOAM [Regd Charitable
>>>> Trust],**doctordh...@gmail.com.www.saioam.in** for "FREE" and
>>>> instant diagnosis of any disease "online"-- options for cure with "no
>>>> side
>>>> effects" available. One of the Top most contributors from India on
>>>> Yahoo
>>>> Answers Health Blog [Yardstick to assess an answerer's contribution in
>>>> Yahoo Answers health blog- I Crossed 1 lac points as on 01012014-in
>>>> Alternative Medicine, Cancer & Other Diseases.] 1.Ph.No.0870-2432437
>>>> [BSNL-land line].2.09849367207.[Mobile].Contact by landline is
>>>> preferred.*
>>>> *Wage revision for bank employees has always been a vexatious issue,
>>>> especially over the last three decades. With the bipartite level talks
>>>> that
>>>> have been going on for the last one and a half years, without any
>>>> meaningful conclusion, there is now a strong wave of discontentment and
>>>> restlessness among the young bankers who firmly believe that the
>>>> negotiating unions have sold out their interests. This is can be gauged
>>>> from the following paragraphs.*
>>>> *In the year 1953, while deciding on the pay structure for bank
>>>> employees, Justice S. Panchapagesa Sastry has given in his Award: "The
>>>> rates of pay in certain departments of Government such as Posts &
>>>> Telegraphs and in State Governments will also furnish material for the
>>>> construction of pay scale for bank workmen. Above all we have the report
>>>> of
>>>> the Central Pay Commission which is now considered an authoritative and
>>>> useful guide to problems relating wage determination at least among
>>>> Government employees. There are several affinities between bank workmen
>>>> and
>>>> Government clerks, bank subordinates and Government menials. The
>>>> Central
>>>> Pay Commission had before them the very same clerical class and the
>>>> class
>>>> below it." ( Para 252 of the Sastry Award).*
>>>> *Justice Sastry went on to observe further : " In the matters of
>>>> education, intelligence, social needs, family responsibilities,
>>>> standards
>>>> of living and outlook on life there is a fair degree of similarity
>>>> between
>>>> the clerks that work in a bank and those that work in a Government
>>>> department............We may nevertheless take the Government pay scales
>>>> as
>>>> an indication, however rough, of how the clerical class in general
>>>> should
>>>> be remunerated......" (Para 259 of Sastry Award).*
>>>> *The Justice Kantilal T Desai Commission of 1962 had also observed
>>>> that : " Having considered all aspects of the matter, I am of the view
>>>> that
>>>> to the extent that prevailing rates of wages in similar occupations in
>>>> the
>>>> same localities play a part in fixation of wages, the workmen have made
>>>> out
>>>> a case for an upward revision of their emoluments" (Para 5.181 of Desai
>>>> Award.)*
>>>> *Like wise , the Pillai Committee Recommendations for the bank
>>>> officers equated their salary with that of the government officers.*
>>>> *These Awards were pronounced at a time, when the banking industry was
>>>> under private managements. With the nationalization of the banks in 1969
>>>> &
>>>> also in 1982, the majority of the banks have now acquired the character
>>>> of
>>>> public sector undertakings with their heavy penetration into rural areas
>>>> to
>>>> serve the masses and create financial inclusion.*
>>>>
>>>> *However on the wage front, the reality is different. Take for
>>>> comparison, the salaries of Central government, State Government,
>>>> Central
>>>> PSUs (including loss making units), State PSUs, Quasi-government
>>>> bodies,
>>>> Service Sectors like Railways, Telecom, Power/Electricity, Posts &
>>>> Telegraph, MNCs, Large Corporates etc., with our bank staff wages over
>>>> a
>>>> specific time horizon especially from 1985 to 2012. This will reveal
>>>> shocking and painful facts about how the wages of bank personnel have
>>>> got
>>>> eroded substantially during the last 25 years. This fact has been
>>>> admitted
>>>> by AIBOC in their circular No. 2014/08, where in it is stated :
>>>> "dilution
>>>> in our salaries vis a vis Government Officials has taken place over a
>>>> period starting from 1982 and gap has widened with successive
>>>> settlements".*
>>>>
>>>> *Other than paying lip-sympathy, the negotiating unions have totally
>>>> failed to ensure the concept of Pay-Parity for the bank employees vis a
>>>> vis, the government employees. Presently the estimate of this gap is
>>>> between 35 to 40% in different cadres, if we take into account the 6th
>>>> Pay
>>>> Commission salary of government employees. The most painful fact is
>>>> that
>>>> our leaders are now trying to convince us for a 13 % to 15 % increase
>>>> in
>>>> the ongoing talks. Thus the IBA & UFBU are bent upon thrusting a lower
>>>> increase for us, which will not even equate us with the 6th CPC scales,
>>>> while the Central Government has already announced constitution of a
>>>> 7th
>>>> Pay Commission which will take effect from 01.01.2016 for the
>>>> government
>>>> employees.*
>>>> *With the unions in the industry having miserably failed to arrest and
>>>> reverse the trend of deteriorating wage levels over the last thirty
>>>> years,
>>>> we the younger generation of the bank employees are now fully convinced
>>>> that there is not going to be any meaningful conclusion at the industry
>>>> level bipartite talks between these unions and the managements. We are
>>>> firmly of the opinion that the Pay-Parity concept originally provided
>>>> for
>>>> us through the Sastry Award of 1953 alone will bring us justice in our
>>>> wage
>>>> scales. Therefore, we urge upon all concerned to include us either as
>>>> part
>>>> of the Central Pay Commission process or alternatively constitute a
>>>> separate Pay Commission for Bank Employees, on the lines of the Central
>>>> Govt.*
>>>> *The ten lakh bank employees want justice on pay-parity, as ordered by
>>>> Sastry Award more than sixty years ago. This is an immediate need of
>>>> the
>>>> hour. Such a Pay Commission alone will prevent mass exodus of the
>>>> intelligent younger generation to greener pastures elsewhere. Stopping
>>>> attrition will also ensure that the banks continue to play their vital
>>>> role
>>>> in the economic development of the nation and contribute to a healthy
>>>> financial sector, which is the backbone of every economy.*
>>>> * Bipartite Talks with IBA held on 14-3-2014*
>>>>
>>>> 1. The text of UFBU Circular No. 22 dt. 14-3-2014 on the outcome
>>>> of the discussions with IBA held on above date is reproduced
>>>> hereunder for
>>>> information of all:-
>>>>
>>>> "*In our Circular No. 20 dated 3rd March 2014, we had
>>>> informed about the details of the discussions held with the IBA on that
>>>> day. Another round of discussions were held today in IBA office,
>>>> Mumbai
>>>> between IBA and UFBU. IBA's team was led by Mr R.K.Dubey (CMD, Canara
>>>> Bank), Chairman of the IBA's Core Committee, Mr M.V.Tanksale, Chief
>>>> Executive, IBA and other Executives. UFBU was represented by leaders
>>>> of
>>>> all our constituent unions. *
>>>> * Carrying forward the discussions held in the last round
>>>> of talks, some of the important issues like introduction of 5 Day
>>>> Banking,
>>>> regulated working hours for officers, etc. were discussed further.
>>>> While
>>>> appreciating our viewpoints, IBA wanted further inputs from the Unions
>>>> in
>>>> order to examine the issues and to take up the matter with higher
>>>> authorities. We stressed on the need for providing quarters/ housing
>>>> accommodation to all employees, particularly to those recruited in the
>>>> Banks in the recent years. IBA opined that the matter needs further
>>>> discussion at their level. We also demanded that 100% of the
>>>> medical/hospitalisation expenses incurred by the employees and officers
>>>> for
>>>> self/family members should be reimbursed. IBA suggested that the
>>>> mediclaim
>>>> scheme proposed by them earlier can be customized in such a way to be
>>>> handled by the Banks instead of insurance companies or third party
>>>> administrators. We requested the IBA to furnish details in this regard
>>>> whereafter the issue will be further studied and discussed. *
>>>> * On our demand for improvement in the Family Pension
>>>> scheme, extension of 100% DA formula to pre-2002 pensioners, etc., IBA
>>>> was
>>>> considerate and agreed to work out the cost implications to enable them
>>>> to
>>>> take a view on these demands. To our demand on periodical updation of
>>>> pension on occasions of wage revision, IBA felt that the issue has to
>>>> be
>>>> examined, in its entirety, looking at the cost involved, outflow, etc.
>>>> On
>>>> reverting to old pension scheme from NPS, IBA expressed their inability
>>>> to
>>>> accede to our demand but we reiterated the same. *
>>>> * To our demand regarding compassionate appointment scheme,
>>>> IBA conveyed the clarifications sought from the Government to which we
>>>> explained that UFBU's view is that the compassionate appointment scheme
>>>> should be on the lines of the Government scheme and urged upon them to
>>>> expedite the matter. *
>>>> * To our demand for improvement in the IBA's earlier offer
>>>> on wage increase, IBA informed that they are not able to make further
>>>> offer. *
>>>> * It was decided to hold the next round of discussions in
>>>> the
>>>> middle of April, 2014 and the date would be finalized. Further
>>>> developments will be informed to all our units/members in due course."*
>>>> * M V Murali, *
>>>> *Convenor"*

L S RAMAN

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Apr 6, 2014, 6:20:45 AM4/6/14
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All NPAS are not bad debts and even if provided for the provisioning could be reversed as soon as the outstandings are recovered.What is required is an erned attempt to recover the NPAs.After all the the employees are ot responsible for the bulk NPAs large corporate NPS and their salary revision can not suffer due to such temporary set backs  in  the Business of Public Sector Bank s.
Dr.Raman.L.S.
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