• Skip to main content
  • Skip to primary sidebar
  • Home
  • Aicpin
  • Recent Post
  • Pay Matrix
    • Defence Personnel
      • MNS Officers
  • Recent Govt Orders
    • Dopt orders
    • Finmin orders
  • DA From January 2021
  • Holiday list 2020
Govtempdiary

Govtempdiary

Govtempdiary is leading Central government employees news provider

You are here: Home / BANK / bank employees news / IBA Press Statement – Wage Negotiations with Bank Employees Unions/ Associations
This image has an empty alt attribute; its file name is b_new.gif Demanded for payment of Dearness Allowance/Dearness Relief with arrears since 01.01.2020
This image has an empty alt attribute; its file name is b_new.gif AICPIN for the month of November 2020
This image has an empty alt attribute; its file name is b_new.gif LTC cash voucher scheme Calculator
This image has an empty alt attribute; its file name is b_new.gif Expected DA from January 2021 Calculator
This image has an empty alt attribute; its file name is b_new.gif List of Kendriya Vidyalaya Schools 2021

Quick links
Hot newsDopt orders
Recent govt ordersRecent post

IBA Press Statement – Wage Negotiations with Bank Employees Unions/ Associations

May 4, 2020 rajasinghmurugesan

IBA Press Statement – Wage Negotiations with Bank Employees Unions/ Associations

BANKUNION

  INDIAN BANK ASSOCIATION

PRESS RELEASE

Wage Negotiations with Bank Employees Unions/ Associations

IBA is issuing this press statement in the backdrop of proposed relay strikes and agitational programs by Employee Unions/ Associations causing severe inconvenience to bank customers and general public.

2. Last bipartite settlement with the workmen unions was signed on 27.4.2010 and was valid from 1.11.2007 to 31.10.2012. Joint note with officers’ associations was also effective w.e.f. 1.11.2007. As per practice, wage revision in banks is done every five years.

3. The apex level workmen unions and officers’ associations submitted their Charter of Demands in October 2012 for wage revision. The management team under IBA took up bipartite talks almost immediately thereafter. With a view to increase profitability and market share, we proposed productivity linked compensation structure. Plan to introduce cost to company concept of compensation and splitting of wages into fixed and performance linked variable components were placed before unions/ associations. Unfortunately unions/associations rejected our proposals.

4. The Negotiating Committee of IBA has convened 14 rounds of meetings with the representatives of Unions/ Associations so far and two important issues viz., effective date of settlement and merger of CPI at 4440 points (60.15%) as on November 2011 have been amicably settled. The wage revision in banks is done keeping in view the paying capacity of the banks. It is pertinent to note that in the recent years, while operating profits of Public Sector Banks have shown some growth, the net profits have shown declining trends. Staff expenses have gone up substantially in excess of increases in income mainly due increases in dearness allowances which compensate for the impact of inflation. As such, the banks are not in a position to accept the demand of the Unions/ Associations for 23% hike in salary and allowances. Moreover, the banks are required to implement Basel-III norms by 2018 for which additional capital is to be infused. Raising capital from the market will require banks to better their profitability. Considering the present paying capacity of banks, a hike of 11% on salary and allowances has been offered.

5. Considering the financial constraints / depleting profits of banks, IBA advised unions/ associations that IBA is not in a position to increase more than the last offer of 11% in pay slip. This works out to 12.5% on Bank’s establishment cost taking into account cost of superannuation benefits. However, IBA is willing to negotiate further if Unions/ Associations reduce their demand substantially from 23%. Despite the appeal by the IBA and Chief Labour Commissioner (C) at the conciliation meeting held on 10.11.2014 not to go on strike and resolve the issue through bipartism, the Unions/ Associations did not pay heed to the appeals and went on strike on 12.11.2014. While IBA is always flexible and keen on early settlement of wage negotiations, the Unions/ Associations are stonewalling suggestions to improve productivity and profitability and demanding unaffordable wage increases. The relay zonal strike programme being launched by unions/ associations from December 2, 2014 is unreasonable, unethical and unwarranted. We appeal to the unisons/associations to give up the agitational path and return to the negotiating table.

6. IBA deeply regrets the inconvenience caused to bank customers and general public due to the agitational programme launched by the employee unions/ associations.
M V Tanksale

Chief Executive

Source-http://www.iba.org.in/Documents/PRESS_RELEASE_2014.docx

Related posts:

  1. Wage Revision of Bank Employees : Lok sabha Q&A
  2. IBA – Wage Negotiation : Negotiating Committee Meeting with Unions/Associations
  3. Cabinet approves Wage Policy for the 8th Round of Wage Negotiations for workmen in Central Public Sector Enterprises
  4. 10th Wage Agreement-Indian Banks Association circular
  5. UFBU circular on Wage revision talks
  6. Wage Revision Talks – IBA improves its offer from 11% to 12.5 %-7th January strike deferred – Further negotiations to continue
  7. WAGE REVISION NEGOTIATIONS- 17.09.2014.
  8. Bank wage revision settled at 15% w.e.f 1.11.2012-Minutes signed on 23rd February 2015
  9. MEETING WITH IBA ON WAGE REVISION TALKS-17/09/2014
  10. BANK EMPLOYEES WAGE REVISION TALKS WITH IBA – 22.10.2017
  11. IBA likely to ask banks to provide for expected wage hike
  12. BANK WAGE REVISION UPDATES-CBOU
  13. STRIKE BY BANK EMPLOYEES ON 18th DECEMBER 2013
  14. LokSabha Q&A – Strike by Bank Employees
  15. AIBOA CIRCULAR ON SALIENT FEATURES OF WAGE REVISION FOR BANK EMPLOYEES AND OFFICERS
  16. Central Trade Unions reiterate countrywide General Strike on 2nd September 2016 – Press Statement
  17. 7th Central Pay Commission-Confederation press statement
  18. AIPNBSF – IBA INVITES UFBU FOR NEGOTIATIONS ON 21ST FEBRUARY 2018
  19. Today Bank, LIC, GIC Unions To Protest Against Govt Policies 
  20. Wage revision talks 11 B.P.S – 1st Meeting outcome

Filed Under: bank employees news, Bank Xth Bipartite, Dopt orders | Department of Personnel & Training, Superannuation, Wage Revision in Banks May 4, 2020 1 Comment

LTC cash voucher scheme 2020
LTC cash voucher scheme 2020

CGHS : Empanelment of Pushpanjali Hospital & Research Centre Pvt. Ltd., Agra under CGHS Lucknow

January 27, 2021 By selva Leave a Comment

Empanelment of Pushpanjali Hospital & Research Centre Pvt. Ltd., Agra under CGHS Lucknow No. 3-216 /CGHS/LKO/2020/1078- 89 Govt. Of IndiaOffice of the Additional DirectorCentral Govt. Health SchemeB-114-115, Vibhuti Khand, Gomti Nagar, Lucknow-226010. Dated: 20.01.2021 OFFICE MEMORANDUM As per Directorate General of Central Government Health Scheme Office Memorandum No. S.11045/36/2012/CGHS (HEC), Dated 26.12.2017 & office memorandum […]

Special cash package equivalent in lieu of Leave Travel Concession fare for central government employees during the Block 2018-2021

January 26, 2021 By selva Leave a Comment

Special cash package equivalent in lieu of Leave Travel Concession fare for central government employees during the Block 2018-2021 T/I/4004/Gen Corrs/NonDAD Date: 21.01.2021 To All Units (As per list) Sub: Special cash package equivalent in lieu of Leave Travel Concession fare for central government employees during the Block 2018-2021. In this context, it is intimated […]

CCGEW  Circular – CHARTER OF DEMANDS

January 25, 2021 By selva 1 Comment

CCGEW  Circular – CHARTER OF DEMANDS No. Confd./Circular-2021 Dated: 22.01.2021 CIRCULAR  Dear Comrades, During our campaign to make the 26th November one day General Strike a grand success, we faced innumerable queries over the long pending demands of the Central Government employees, especially, the freezing and denying the DA/DR payment upto 30th June, 2021, the […]

NJCA – Notice for observing 01/02/2021 (day of presentation of Central Budget 2021) as CALL ATTEENTION DAY BY CENTRAL GOVERNMENT EMPLOYEES

January 25, 2021 By selva Leave a Comment

NJCA – Notice for observing 01/02/2021 (day of presentation of Central Budget 2021) as CALL ATTEENTION DAY BY CENTRAL GOVERNMENT EMPLOYEES No. NJCA/2021/Meet January, 20 2021 The Cabinet Secretary, Government of India, & Chairman, National Council – JCM Rashtrapati Bhawan New Delhi Sub:- Notice for observing 01/02/2021 (day of presentation of Central Budget 2021) as […]

DOP : Extension of Grant of Advance- Special Festival Package  to all approved category of Gramin Dak Sevaks

January 23, 2021 By selva Leave a Comment

Extension of Grant of Advance- Special Festival Package  to all approved category of Gramin Dak Sevaks No.17-16/2020-GDS Government of India Ministry of Communications Department of Posts (GDS Section) Dak Bhawan, Sansad Marg New Delhi-110001 Date-21.01.2021 Office Memorandum Subject : Extension of Grant of Advance- Special Festival Package  to all approved category of Gramin Dak Sevaks. […]

PIB – “Pension Payment Order” (PPO) promises ease of living for senior citizens: Dr Jitendra Singh

January 18, 2021 By selva 2 Comments

“Pension Payment Order” (PPO) promises ease of living for senior citizens: Dr Jitendra Singh Ministry of Personnel, Public Grievances & Pensions Posted On: 17 JAN 2021 5:16PM by PIB Delhi Union Minister of State (Independent Charge) Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr. Jitendra Singh […]

Finmin Order – Standard Operating Procedure for Redressal of Public Grievances

January 18, 2021 By selva Leave a Comment

Finmin Order – Standard Operating Procedure for Redressal of Public Grievances File No. M-51011/1/2020-CDN-CGA/1066Ministry of FinanceDepartment of Expenditure,Controller General of Accounts Mahalekha Niyantrak BhawanE-Block, GPO Complex, INA, New DelhiDated 13th January,2021 OFFICE MEMORANDUM Subject: Standard Operating Procedure for Redressal of Public Grievances-reg. In order to enhance the effective grievance redressal mechanism in the CGA office, […]

PCDA – Functioning of office with 100% strength

January 13, 2021 By GEDWEBZIP Leave a Comment

All the officers and staff members will attend their respective offices with 100% strength. It is reiterated that instructions on COVID-19 protocol and preventive measures issued by MHA and Ministry of Health and Family Welfare from time to time must be strictly complied with

CPAO : Submission of Life Certificate by NPS-AR pensioner through Jeevan Pramaan

January 13, 2021 By GEDWEBZIP Leave a Comment

Submission of Life Certificate has been developed in Jeevan Pramaan for NPS-AR pensioners and this interface is now live for submission of Digital Life Certificate (DLC) through Jeevan Pramaan

More Posts from this Category

List of Holidays during the year 2021 for central government offices in Tripura

Regarding list of public and restricted holidays during the year 2021 for central government offices located in Tripura

Holiday list in the State of Haryana during the Calendar year 2021

Holiday list both public holidays and restricted holidays in the State of Haryana during the Calendar year 2021, dated December 3, 2020

Recent comments

  • Deep on Posting/transfer of defence civilian employees on compassionate grounds or on mutual basis
  • M.K.KUMAR on Promotion/MACP Option form Calculator
  • Shiv raj on 7th Pay Commission Salary Calculator – June vs July 2021
  • Anonymous on Expected Dearness allowance [DA] from January 2021 Calculator
  • Dinesh Kumar Mehar on Pay Matrix Table For Rajasthan
  • M.K.KUMAR on Promotion/MACP Option form Calculator
  • V. RAMARAO on Prevention of Corruption Act
  • tejal on Promotion/MACP Option form Calculator
  • Dr. S.P.Singh on NJCA – CALL ATTEENTION DAY BY CENTRAL GOVERNMENT EMPLOYEES on the day of presentation of Central Budget 2021 on 1/02/2021
  • Dr. S. P. Singh on CCGEW  Circular – CHARTER OF DEMANDS

Reader Interactions

Comments

  1. b mohan kumar says

    December 3, 2014 at 12:58 pm

    IBA should also take into consideration the process of judicial system and hasten the process of realization of dues for recycling of funds for getting effective profits. If the same is not considered favorably time will come and entire banking system will get collapsed. Thus purpose of uplifting poor gets affected. The country will go into clutches of persons who give higher interest and rob wealth of poor besides harassment of all kinds. Initial stages itself the govt. should curb this attitude and hasten process of judicial system

    Reply

Leave a Reply Cancel reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Primary Sidebar

Search

calcuators

  • Expected DA Calculator January 2021
  • HRA calculator 2020 (DA>25%)
  • Tax benefit calculator 2020
  • Expected DA For Bank Employees From November 2020
  • 7th pay commission calculator [updated]
  • Promotion/MACP Option form Calculator
  • 7th Pay Commission Pension Calculator
  • Bonus Calculator 2020
  • LTC Leave Enhancement Calculator For Block Year 2018-2021
  • LTC cash voucher scheme Ready reckoner

Pay Matrix table

  • Defence Personnel
  • MNS Officers
  • Tamil nadu
  • Rajasthan
  • Odisha
  • Gujarat
  • Haryana
  • Jharkhand
  • Madhya Pradesh
  • Nagaland
  • Tripura
  • Uttrakhand
  • Assam
  • Bihar

CSD Price list

  • CSD Car Price List 2021
  • Maruti Suzuki CSD Car Price List 2021

KVS Schools list

  • List of Kendriya Vidyalaya Schools
Copyright© 2010–2021

Central Government Employees News - Govtempdiary