12th Bipartite Wage Settlement Latest Updates - The charter of Demands submitted by Canara Bank Officers Association (CBOA) to IBA on 19th October where the 12th BPS is due for the 10 lacs bank employees from 1st Nov 2022.
CBOA has raised their demands to the
Indian Bank Association for considerations as follows:
1. Wage negotiation has to be up to scale VIII, the newly introduced position of
CGMs (Chief General Manager) in the bank.
2. The residual issues must be settled before commencing the negotiations on the
CoD.
3. It should be the endeavour of both parties to provide a decent salary that
would attract the best talents in the country for a career in the banking industry.
4. The wage revision shall be realistic matching to the status and stature of the
work force for leading a decent life and it shall be delinked from the paying
capacity and the profitability of the bank.
5. Work life balance has to improve with the improvement in technology thus
five day banking is to be considered as top priority.
6. As all the parameters are well known, the wage revision shall be effective from
1stNovember 2022and all the negotiations to be completed within a period of two
months.
The revised salary as per new basic pay to be credited to the employees
account from January 2023 onwards along with two months arrears.
7. Appointment of officer / employee Director in Public Sector Banks is to be
considered as top priority.
How many of these demands are going to be accepted by the IBA, not sure ? But the good thing is about the 5 days banking but No 5 Days Banking in the Charter of Demands of AIBEA
Additionally, the Union must think about the plight of those employees where their spouses are not working.
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