News

Subject :Compulsory working on Sundays and Holidays

News Dated: 2014-07-19

Letter addressed to CGM
We are fully aware, Sir, that our beloved institution is at the cross ro....
Read more...

Subject :latest information about bipartite talks

News Dated: 2014-06-27

Today we had about half an hour meeting of UFBU with FM arranged by us through Com. D.RAJA MP CPI. A m....
Read more...

Subject :DETAILS OF BIPARTITE TALKS WITH IBA

News Dated: 2014-06-14

We reproduce herein the text of UFBU Circular No. 24 on the outcome of the Bipartite Talks held with IB....
Read more...


Links

What's New

Subject :Compulsory working on Sundays and Holidays

News Dated: 2014-07-19

Letter addressed to CGM
We are fully aware, Sir, that our beloved institution is at the cross road demanding more than 100% efforts of the officers’ community in particular to bring our Bank out of the wood. So, we have advised all our members to render services to the optimum level during six days of the week in such a manner that customers are fully satisfied, growth of business of the Bank to a considerable extent is ensured, and the image of the institution is further brightened.

2.It is a fact,Sir, that the officers are really hard pressed to carry out day to day banking activities apart from some developmental works. They do not have any rest, recuperation, relaxation and leisure hours. Every day is a night mare for them. While at the apex level four officers’ union are trying to implement 5day banking, our Bank is trying to introduce 7day banking without any weekly off telling upon their heath and affecting their productivity immensely. The management appears to be concerned with the output of the officers like a robot. They are determined to go back to the pre- nationalization era, which no responsible trade union can accept.

3.It may not be irrelevant to draw your kind attention to the master circular No DBOD NO.LEG.BC.18/09.07.006/2011-12 dated 01.07.2011 issued by Reserve Bank of India which speaks as below .
“An employer must not compel an employee to work on a rest day except in the event of break down of machinery or plant or any other unforeseen emergency. For any rest day on which the employee is required to work, the employer should substitute some other rest day within 30 days after the original rest day. The employer should notify the employee of the arrangement within 48 hours after the employee is required to work’’.


In the above back drop, may we request you,Sir, to issue befitting instructions to all Regional heads not to compel any officer employee of the Region to compulsorily work on every Sunday and Holiday. Only in strict emergencies they may be requested to work on such days in line with the RBI circular quoted above.

Asim Dutta (G.S)




Subject :latest information about bipartite talks

News Dated: 2014-06-27

Today we had about half an hour meeting of UFBU with FM arranged by us through Com. D.RAJA MP CPI. A memorandum was submitted on our wage revision issue. Meeting was very cordial and FM assured to get details from the Banking Secretary and then take a view on the same.
Ashim Dutta (G.S)




Subject :DETAILS OF BIPARTITE TALKS WITH IBA

News Dated: 2014-06-14

We reproduce herein the text of UFBU Circular No. 24 on the outcome of the Bipartite Talks held with IBA yesterday in Mumbai. Please keep the members informed of these developments.

With greetings,
Yours Comradely

Asim Dutta (General Secretary)

==================================================================================
DISCUSSIONS WITH IBA ON WAGE REVISION DEMANDS

After the last round of negotiations held on 14-3-2014, another round of discussions took place with IBA on 13-6-2014 in Mumbai in the background of the new Government taking over at the Centre after the general elections.

UFBU meeting: Prior to the discussions with the IBA, meeting of the UFBU was held. The meeting observed a minutes’ silence to pay homage on the death of Dr Shanti Patel, veteran trade union leader of HMS and Port and Dock Workers. The meeting took stock of the developments since our last meeting held in March, 2014. The meeting welcomed the new Government under the Prime Ministership of Shri Narendra Modi and hoped that the basic problems of the people and workers would be addressed by the new Government. The meeting noted that in addition to the pending demands of UFBU for wage revision, there are other challenges too like the recommendations of P J Nayak Committee, talks of dilution of Government’s capital in Banks, merger of Banks, etc. The meeting decided to take a delegation of UFBU to the Finance Minister to apprise him of our issues and demands.

Discussions with IBA: In the wage revision talks, the IBA was represented by Mr. T M Bhasin, Chairman of the Negotiating Committee along with other members. UFBU was represented by all the Constituent Unions.

Opening up the discussions, Mr. Bhasin explained the present banking scenario where the profits of the Banks have come down as on 31-3-2014 adding to the constraints of the Banks to take up any huge financial burden in the form of wages. After submissions from UFBU, IBA informed that they are willing to improve their offer from earlier 10% to 11% on the cost of Pay Slip components of the wage bill which would amount to Rs.3,465 crores and which would be exclusive of other costs on retirement benefits, LFC, hospitalization expenses, etc. From UFBU, we expressed our inability to accept this offer as the same was quite inadequate.

As regards other issues discussed with the IBA in the last two rounds of discussions, IBA informed that they are favourably inclined to consider the demand of extending 100% DA for all pensioners and the same is awaiting the approval of the Government. On our demand for improvement in Family Pension, IBA’s response was positive but they informed that the cost implication has to be properly worked out and Government’s approval is necessary for the same. As regards updation of pension, IBA was apprehensive about the same since it involves substantial financial burden to the Banks. IBA also informed that our demand for extending appointment on compassionate grounds in the Banks on the lines of Government scheme is under the active and positive consideration of the Government and their decision is awaited.

Since UFBU refused to accept the IBA’s offer of 11% increase, IBA wanted to know the expectation of the UFBU for which it was informed that our minimum expectation is 25% increase in the Pay Slip components cost. IBA expressed their total inability to accept the same as it is beyond the paying capacity of the Banks.

With this, the talks ended inconclusively. Thereafter UFBU decided that since IBA has not come up with any adequate increase in their offer, further course of action would be taken shortly after mutual consultations amongst the Constituent Unions and also after meeting the Finance Minister in this regard.

Further developments would be informed to units in due course.

Sd.. M V Murali
Convener





Subject :latest development about bipartite talks

News Dated: 2014-06-13

During todays negotiations,IBA improved their offer from earlier 10 percent to 11 percent which UFBU rejected. On IBAs request to spell out our expectation, UFBU told 25 percent on Pay slip components which IBA said not possible to consider. Further course of action will be decided by UFBU shortly. Circular follows.

Ashim Dutta
G.S





Go to Archieve....