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During its 80 years of service, IIBF has emerged as a premier institute in banking and finance education for those employed as well as seeking employment in the sector, aiming for professional excellence. Since inception, the Institute has educated numerous members and awarded several banking and finance qualifications, viz., JAIIB, CAIIB, Diploma and Certificates in about 20 specialized areas and helped them to sustain their professionalism through Continuing Professional Development programs..
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9th Bipartite Settlement for Wage Revision in PSU Banks
Latest Update on Bipartite Settlement Talks
Next round of Wage Revision Talks with IBA will be held on 22/01/2010 for Workmen and 23/01/2010 for Officers. Prior to the meeting, UFBU will meet at 5.30PM on 22nd January 2010
ALL INDIA BANK OFFICERS’ ASSOCIATION [ AIBOA]
INDIAN NATIONAL BANK OFFICERS’ CONGRESS [INBOC]
NATIONAL ORGANIZATION OF BANK OFFICERS [ NOBO]
Dear Colleagues,
BIPARTITE MEET AT MUMBAI
Today at Mumbai, the second round of the Small Committee meet was held at IBA office, World Trade Centre, Mumbai.
The Small Committee of IBA was represented by Shri Jagdish Pai, Executive Director, Canara Bank, Shri B.B.Das, Shri Rajeev Rishi, Shri R.C.Srivastava, Shri Suresh Chandra, Shri K.Unnikrishnan and Shri M.Venugopalan, AIBOA, INBOC and NOBO were represented by Shri S.Nagarajan, Shri K.K.Nair and Shri S.K.Rathod respectively.
Responding to the proposal submitted by our Four Officers’ Organizations on 10th December 2009, IBA provided a salary chart constructed on 2836 Index point merger with average 20% loading along with notes on outsourcing and pension specifying that 13% of the Basic pay of SBI officers to be kept separately undistributed which SBI will decide how to deal with the same.
In response, we impressed upon IBA the need to have higher start of pay for officers considering the large scale dissatisfaction caused in the last wage revision, tax on perquisites etc. We also stated that appropriation from the Industry level wage load to SBI on pension costing, leave encashment on retirement loaded exclusively, construction of pay scales with 11% loading with merger start at Scale I are unacceptable to the Organizations. With regard to outsourcing, we stated that we shall revert to them after discussions amongst us.
While taking note of our view points, the IBA representatives assured to revisit the areas of concern and respond to us.
Our Organizations shall strive hard to set right anomalies of the last wage revision and also ensure a fair and reasonable wage increase in this Bipartite settlement.
Yours sincerely,
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/sd./S.NAGARAJAN
DEPUTY GENERAL SECRETARY
AIBOA
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/sd./K.K.NAIR
GENERAL SECRETARY
INBOC
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/sd./S.K.RATHOD
DEPUTY .GENERAL SECRETARY
NOBO
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