The latest development in 11th Bipartite settlement of bank employees and their negotiation with Indian Bankers Association (IBA).
This is to remember that IBA to restrict the negotiations on Charter of Demands of
Officers' Associations up to Scale-III only.
Meeting of UFBU was held today at Mumbai. Com.K.K. Nair,
Chairman of UFBU presided over the meeting.
Wage Revision:
The meeting deliberated on the issue of our Charter of
Demands submitted to IBA and the discussions held so far. The
meeting felt that the entire process of discussions should be undertaken on a recurring and
continuous basis in order to complete the settlement in time.
Holding meetings once in a
month will not serve the purpose and hence decided to urge upon the IBA to expedite
the discussions so that steps can be taken to conclude the final settlement in time.
Restrictions in negotiations:
The meeting expressed its strong protest on the decision of the IBA to restrict the negotiations on Charter of Demands
of Officers' Associations up to Scale-III only and demanded that as hitherto, the
discussions and final Joint Note should
cover all Officers up to Scale-VII inasmuch as the majority
of these officers are members of their respective unions and the wage revision exercise
which has been a composite one so far, should not be divided now which will create
inter-scale conflicts and inequalities.
It was decided to pursue the matter with the IBA, if
necessary and warranted, resort to organisational programmed at the appropriate time.
Banking industry :
The meeting deliberated in detail about the developments taking place in the banking sector in the name
of implementing the banking reforms agenda of the Government.
The meeting observed that
instead of taking urgent remedial measures to recover the alarmingly increasing bad
loans in the Banks which are threatening to drive the Banks into a serious crisis, the
steps like MOU, PCA, FRDI Bill, NPA Ordnance, IBC, etc. are only aimed to clean the Balance
Sheets at the cost of the Banks which represent the hard earned savings of the people
rather than to recover the money.
On the other hand, while denying the Public Sector
Banks of adequate capital thus restricting their business expansion, freely licences
are being given to the corporate houses to open private banks, small banks, payment banks,
etc thus weakening the Public Sector Banks.
The meeting felt that very tough
measures are required including criminal action on willful defaulters to recover the huge bad
loans given to the corporate houses, big business and top industrialists. It was also
observed that the burden of the corporate NPAs are put on the shoulders of the common public
and banking clientele in the form of hike in fees, charges, penalties, etc. for every
type of normal banking services.
The meeting decided to launch struggle programme on the following
demands and issues:
1. Do not privatize Public Sector Banks
2. Stop plans of mergers and consolidation of Banks
3. Do not write off corporate Non-Performing Assets(NPAs)
4. Declare willful Default of Bank loans as criminal offence
5. Implement recommendations of Parliamentary Committee on
recovery of NPAs
6. Ensure accountability of Top Management/Executives for
bad loans and put in
place stringent measures to recover bad loans.
7. Withdraw proposed FRDI Bill -
Financial Resolution and Deposit Insurance Bill 2017
8. Abolish Banks Board Bureau
9. Do not pass on the burden of corporate NPAs on bank
customers by hiking charges
10. Do not increase Service Charges in the name of GST
11. Reimbursement of cost of demonetization and other
Government Schemes to Banks
by the Government.
12. Settle issues of Employees and Officers connected with
demonetisation scheme.
13. Immediately fill up posts of Employee/Officer
Director(s) in Bank(s)
14. Implement Compassionate Appointment Schemes in Banks as
per Government
guidelines.
15. Removal of Gratuity Ceiling under Payment of Gratuity
Act, 1972 & Total
Exemption of Income Tax on Gratuity and Leave Encashment on
retirement
16. Pension related issues Improvements in Pension Scheme
similar to
RBI/Central Government including for past retirees - Extension
of erstwhile
Pension Scheme in banks in lieu of NPS - Follow-up of Record
Note dated
25.05.2015
17. Adequate Recruitment in all cadres
PROGRAMME:
19TH JULY 2017
SAVE PUBLIC SECTOR BANKS’ DAY - COUNTRYWIDE
RALLIES, DEMONSTRATIONS, BADGE WEARING,
POSTERING
22ND AUGUST 2017
ALL INDIA BANK STRIKE
15TH SEPTEMBER 2017
MASSIVE MORCHA/RALLY IN DELHI BY 1,00,000 BANK
EMPLOYEES AND OFFICERS
BY OCTOBER/NOVEMBER
2017
2 DAYS CONTINUOUS STRIKE
Details of the agitational programme will be sent to you in
due course of time
Comrades, on the one hand we have to settle the wage
revision and achieve our demands in time and on the other we have to oppose and resist these
anti-people banking reforms.
We are sure that all our Unions and entire rank and file
will rise to the occasion and make the struggle and programme a GRAND SUCCESS.
With greetings,
Sd/-
SANJEEV K BANDLISH
CONVENOR
UNQUOTE
Tags:
11th Bipartite