NEW PENSION HAS NO LEGAL STANDING Justice has given the judgment in the case in reference to a similar writ petition which was disposed of as per judgment dated 26th October 2017. It was held in the judgment that “thus I have to hold that the …
NEW PENSION SCHEME (NPS) IN STATE BANK OF INDIA JUDGEMENT PRONOUNCED BY THE HON. HIGH COURT OF KERALA The Hon. High Court of Kerala has delivered the judgment on 12th April 2019 in respect of the Writ Petition 5105 of 2013 filed by State Banks…
If believe on the IANS reporting, Bankers' Union AIBEA is advocating in favor of Jet Airways and asking banks to lend money. A brief news in this regars may be checked here : Read - Ex Bankers May No Longer Able to Represent Unions ______…
Public Sector Bank (PSB) bank employees Dearness Allowance (DA) has been hiked to 64.50%. Starting may the salary of the bank employees are increased by 3.4%. Read - This will be Your Expected Basic Pay After 11th Bipartite Settlement ! The…
Department of Financial Services (DFS), Government of India has notified the amendment in the contribution of 14% in existing NPS. Notification Letter : Read - 13 Months Salary May be Given to the Employees of These Public Sector Banks
AIBEA Letter to The Governor, Reserve Bank Of India on Proposal of Merger Of Lakshmi Vilas Bank with Indiabulls housing Finance ltd. Read - Logic Explains - IBA's Performance Based Salary for Bank Employees
The Banks Board Bureau (BBB) has reiterated some of the pending demands related to governance in public sector banks (PSBs) to the central government, including complete autonomy to their boards to decide on organisational structure. Read - Logic…
The Madras High Court has suggested to the law commission and ministry of labour and welfare to amend the Trade Union Act to stop outsiders, including former employees, from being members or office bearers of employees’ trade unions. Currently…
All India Bank Employees' Association (AIBEA) has declared happily that they own the majority membership in newly merged Bank of Baroda, Vijaya and Dena Bank. There was a meeting held at Hyderabad for discussion on various agenda. Read - L…
11th Bipartite Salary Settlement Updates - The long standing demand for salary hike under 11th Bipartite Settlement is pending since 01st Nov 2017 for Government Bankers and Union Leaders are participating in meeting at Greece. It shows their repres…
AIBEA demanded revert to categorizing IDBI as 'other public sector bank'. The All India Bank Employees Association (AIBEA) has requeste the Reserve Bank of India (RBI) to reconsider its decision to categorize IDBI Bank as a private sector…
Split in UFBU - ET has reported that the process of 11th Bipartite wage negotiation for public sector bank officers and workmen may be done separately. Wage revision in public sector banks takes place in every five years. The 11th bipartite settl…
IBA has called the United Forum for Bankers Union (UFBU) on 13th March 2019 for next round of meeting. IBA has made the agenda of the meeting very clear i.e. Non-participation in talks by AIBOC and NOBO - IBA's proposal to hold talks with wor…
UFBU Meeting on 13th March 2019 for early resolution of 11th Bipartite Wage Settlement for Public Sector Bank Employees. Further to UFBU meeting held on 20th Feb 2019 and negotiation with IBA on 21st Feb 2019, a meeting of the workman unions wa…
Banker's Union INBEF (Indian National Bank Employees’ Federation), banking wing of INTUC (Indian National Trade Union Congress) has requested ex prime minister Sri Manmohan Singh for early settlement of 11th Bipartite wage revision for Bank emp…
Message received from UFBU Convenor: Talks with IBA held today. IBA agreed to improve mandate upto scale V. AIBOC and NOBO did not attend the talks. Hence IBA offered to continue talks with workmen unions only. Circular follows. SK Bandli…
Today all the constituents of UFBU are meeting to discuss the issues confronting the UFBU with regards to the media reports on wage revision attributed to AIBEA from Kanpur meeting and also to discuss on AIBOC and NOBO joint letter to IBA not to hol…
Few days back AIBEA General Secretary had created the storm among the bankers after announcing in heist that "He would sign the agreement with wage hike of 12% offered by IBA in the next upcoming meeting" and here is the 'D- Day' i…
United Forum of Bank Unions (UFBU) has informed that the next round of meeting with IBA is scheduled on 21st Feb 2019. Representatives of the various workmen unions/officers unions are advised to participate. This meeting may be the last before ele…
All India Bank Officers’ Confederation (AIBOC), bank officers' Union representing their demand to IBA under the umbrella of UFBU. AIBOC has lodged a protest to IBA citing with the reason that the AIBEA had threaten to split the UFBU. A letter …
