Tuesday, May 26, 2009

Bank Wage Revision : SBI employees' association threatens indefinite strike

Update on 28.11.09 : SBI Officers not happy with wage hike, may go to strike.

The State Bank of India (SBI) Staff Association has threatened to go on indefinite strike in mid-July after observing a two-day strike if the Centre failed to concede its just demands. This was stated by association chief secretary O N Bindroo after attending the Central Executive Committee meeting of the association here on Sunday. Talking to mediapersons here, he said that the bankmen would observe a day long strike on June 12 in support of their demands, including pay revision, job on compassionate ground and pension-related issues. The association is also opposing privatisation of bank and outsourcing. Bindroo said that PM Manhohan Singh had announced that recession had nothing to do with India. "The entire credit for this goes to the different banks operating in the country," he pointed out. He, however, lamented that despite all hard work by bankmen, they were denied their due. While maintaining that the employees of the Central government and public sector undertakings got 45 per cent wage revision, Bindroo said the Centre has offered only 15 per cent wage revision to the bankmen. Regarding job on compassionate ground, he said that the association had held talks with the Indian Bank Association (IBA) and it is the responsibility of IBA to implement it.

Source : The Times of India.

30 comments:

SR said...

Dear Banker,

Why are you wasting time and energy in waiting for wage hike and comparing yourselves with PSUs and Govt Employees.

Your Union Leaders are starting the negotiation with " Pension " and ending with " tension ". Wage revision was never a primary issue for them. It was always a secondary issue. Even the chief of the UFBU in their latest meeting with media has informed that " Apart form Pension issue, other issues are wage revision etc "

Even some of the meeting scheduled for wage revision were ended without talking about Wage.

SO enjoy the pension, avoid tension and forget wage revision.

Happy Banking with UFBU

AJAY SINGH RATHORE said...

The convenor of UFBU, Shri Venkatachalam is not at all concerned with wage revision. His only agenda was to get pension option for employees, many of whom have already retired. In such a scenario how can you expect a hefty wage increase. PITY.

john said...

IT THE UNIONS IN THE BANKS SETTLED DOWN ANY THING LESS THAN ATLEAST 20% THE EMPLOYEES ARE BETTER TO RESIGN THEIR JOB TO OPEN A BARBAR SHOP TO HAVE A

DECENT LIFE.

JOHN PONNUDURAI

GOWTHAM said...

Hello PSU Bankers,

You have to work hard to beat the competition from Private new generation bankers who are having all facilities including young and tech savy staff. But, in return, you will be paid with salary applicable to lower division clerk in Govt. Dept.
This is the gift given to you, by IBA and Central Govt for helping India not to face any big financial crises. JAI HIND.
GOWTHAM

satnam said...

IBA & GoI r making fool of banks employee,humilating insulting & harrasing them by not singing the due wage revision.B4 elections they revised the pay scales of dare & PSUs employees without any hesitation.But when the banks employees asks dare wage revision they started hurdles of many pre conditions.About 10 yrs ago banks eployees' salary was best but now they r the lowest earnings.IBA & GoI should give pension option without any condion because pension is given for future and old age security.Banks' employees r waiting for a respectful wage revision.We hope that IBA will come forward with arespectful offer & sign the wage revision immediately.

a said...

dear colleagues
i feel shame when members in my family ask about my salary as they think i must be earning handsome..when i tell the truth ,family members do not believe.... my mother has proposed to help me financially ... by the way i am was recruited as probationary officer in this bank but now searching for good government or private banks' jobs..
it really hurts when our chairman talks about only goals not about our meagre salaries ...i think nobody is happy in this organisation .....

BALAN said...

FINANCIAL PAY COMMISSION NEED OF THE HOUR

Decent wage revision is overdue in the banking sector since November 2007, IBA-GOVT combine refuses to offer more than 17.5% which is not at all justifiable. Same is the case with LIC , starting point is 15% increase. Due to inadequate wage revision in the earlier settlements combined with huge bonanza for Central govt employees coinciding with election time on two occasions , the difference in entry level salary for clerks and officers on a comparable basis has widened to more than 40 to 60%. Not to speak of revised pension , pension updation which is silently being denied to financial sector. With in the financial sector there is one rule for RBI, another rule for SBI, worst possible rule for nationalized banks.
Hence to rectify all the past mistakes whether it is government created or union created the need of the hour is equality and principle of natural justice to the financial sector employees .

The financial sector can absorb the wage increase with in their profitability, then why the same is denied is a million dollar question.
Hence the government can appoint an independent financial pay commission with full terms of reference of parity, equal pay for equal work, risk and responsibilities, profitability etc . In the meanwhile 30% interim relief can be allowed and the date of the settlement based on the findings can be allowed and the dates can be synchronized with the pay commission dates. The terms should also cover updation of pension and full neutralization of DA to the retirees of the banks as the scheme in 1995 was devised based on the central govt pension only. This anomaly also should be taken care of.

Let the government who is abiding the constitution can consider the just and rightful due of the FINANCIAL SECTOR EMPLOYEES also just like their Govt counterparts.

K.BALASUBRAMANIAN Retired Senior Manager Indian bank
7, 51 st street ashoknagar chennai 600083

a said...

Dear sir
it seems that our union wants something extra in its pocket..thats why these people are delaying this revision...perhaps undertable is not making them happy...bullshit to our union....it is of no use.....

Vivek said...

it is not possible for psu banks to hire young and energetic emplyees as long as the present salary structure prevails in the market. clearly psu banks loose their share of competent new generation. good luck to psu banks

prashant said...

WHY BANK EMPLOYEE DEMAND FOR PAY HIKE THE GOVT AND IBA THOUGHT BANK MEN ARE ASS THEY WORK LIKE ASS 14 HOUR/DAY SO THEIR SAL SHOULD ALSO LOOK LIKE ASS THAT WORK MORE FOR NOTHING AND GOT A DANDA ALSO THERE SHOULD BE DECREASE OF 17% OF WAGES AND THIS FUND GOES TO UNION LEADDER FOR THERE PENSION SO DEAR BANK MAN YOU SHOULD FIGHT FOR DECREASE IN SAL

prem bahadur said...

I dont think that any bank leader will be able to answer your genuine queries because our leaders have many domestic problems to solve during these endless discussions.For ex 1.union funds are senselessly used during these discussions 2.they are having kids etc to be gainfully employed either by bank or by govt.3.they will have to travel by air & stay in 5 star hotels during discussions.(one of banks top union leader was awarded as most AIR INDIA TRAVELLER nearly five to six years before ).4.they demand for contract for supplying stationary,maintenance of training centres & holiday homes,supply of generators & so many other things.These contracts are naturally given to a best ally not to an enemy.thats why it always took more than 2 years for any wage revision and lastly the more the number of months the more amount of arrears & coseuently the more leavy or loot from the poor & helpless staff.

prem bahadur said...

I dont think that any bank leader is really intrested in genuine & early wage revision because our leaders have many domestic problems to solve during these endless discussions.For ex 1.union funds are senselessly used during these discussions 2.they are having kids etc to be gainfully employed either by bank or by govt.3.they will have to travel by air & stay in 5 star hotels during discussions.(one of banks top union leader was awarded as most AIR INDIA TRAVELLER nearly five to six years before ).4.they demand for contract for supplying stationary,maintenance of training centres & holiday homes,supply of generators & so many other things.These contracts are naturally given to a best ally not to an enemy.thats why it always took more than 2 years for any wage revision and lastly the more the number of months the more amount of arrears & coseuently the more leavy or loot from the poor & helpless staff.

gaurav said...

Bank employees, who are contributing a lot to the economy of this country have been paid far less than the class four employees of government.Fresh bank officers are being paid far less than the Employees like drivers and peons of central or state Govts.
Bank employees in general and officers in particular have unlimited work to perform associated with the high risks of frauds, accountability, responsibility customers' pressure, business targets and other pressures from higher authorities. Many bank officers have been passed away and others have invited ailments forever.These all are gifts given to us by our visionary(?) leaders who were cropped up in the industry during the eightieth and ninetieth decade. These people have their own axe to grind.. They never worked in the offices or branches,always exploited their poor colleagues as well as the management,during their service period.And now they are sacrificing the interests of majority of employees for their own retirement benefit

prem bahadur said...

these bank union leaders engaged since last three years are not human beings but blood sucking monsters named DRAKULAS of modern day

DIPENDRA said...

THESE ALL LEADERS MAKING FOOL TO ALL HIS MEMBERS. DEAR LEADERS, PENSION & SALARY ARE TWO DIFFERENT THINGS.PLEASE NOTE

DEEPAK

gitanjali said...

mr dependra what u say is correct,salary and pension are two different aspects

Rajesh said...

BANK’s WAGE REVISION Mathematics


1. Initially IBA has agreed for Rs 6000/ Crore as wage revision Burden due external relativity (6th Pay commission recommendation). Later on improved up to Rs 7800 Crores.

2. Employee Unions raised the demand for pension Option. Option was converted into Pension burden calculation and sharing of Pension burden. Silently and conveniently External Relativity was ignored and lost.

a) Initially for current employee Pension burden (Rs 6000/ crore )
b) later on even for employees retired after 1996 pension burden Rs 3000 Crores.

3. Mathematics of pension is as follows


Assumption Rs 250/ crores is 1% (figures in Crore)

Total Wages offered by IBA = Rs 7800/- (Approx 31.2 %)

Total Burden of Pension = Rs 6000/-
Out of which
IBA agreed pension burden = Rs 4200/ (deducted from wage offer)

Wage revision offer shown to us = 3600 Crores (7800 – 4200= 3600) (actually 14.4 %)

Employee to bear Pension burden = Rs 1800/

Net (Actual ) Wage revision offer is only = Rs 1800/
(Rs3600 -1800= 1800) = 7.20 %


High Lights of wage revision Agreement :-

1. IBA was ready to pay 31.20 % rise Rs 7800/ Crore
2. Full pension burden is adjusted from wage hike in either way.(7800-6000)
3. Unions wants to help even retired (after 1996) employee from this wage revision.
4. Net Wage revision offered is meager Rs 1800/ Crore (Aprox 7.20%)
5. If pension is actually given as an option Employee would get 31.20 % rise in wage which when compared with external relativity (Central Govt employee was given 33 % to 40 % Rise.) may be in acceptable limit.
6. Pension burden is fully loaded on Bank’s employees.
7. In desperate bid to obtain 2nd pension Option, Union have opened a new way to IBA for sharing the future wage revision burden by employees.
8. This is not the pension option, it is burden sharing by Current employees.
9. Unions are silently playing against current employee interest,


Decision of Retired employee burden (RS 3000/ Crores ) sharing is not clear

Members needs to be alert of development, and read all UFBU circulars carefully. And Act if necessary.

prem bahadur said...

Like 1857 freedom struggle we must stand to throw these BRITISH MEN'S(IBA) army (banks union leaders specilly retired ones)by admitting oueselves in the union where after retirement union posts hold by any leader ceases automatically.These retired union leaders are only thinking about their petty gains at the cost of our lives.What is wrong if we join another union? Everywhere we the working class are always treated as second grade citizen.We the members are remembered only when CHANDA(levy)is to be given or for creating a crowed for welcoming another leader.SO JOINING ANOTHER UNION WHERE AFTER RETIREMENT ANY LEADER BECOMES ONLY SENIOR CITIZEN WILL BE THE FITTEST ANSWER FOR THOSE GREEDY OLD (NOT WORKING) LEADERS.

Rajesh said...

Wage Revision –Past, Present and Future

Past :- Pre to post Pillai Committee Report, We have seen the negotiating skills of our union leaders. Bankers were getting more pay then Central Government employee. Due to UFBU Leaders negotiating skill, we are now getting just half of central Government employee pay. This is sufficient to Judge the Union leaders Past performance.

Present :- Since most of UFBU Leaders are retire, they are interested party in wage revision. Even though they are retired, still they want maximum share from current wage revision. And They have agreed to share the wage revision bill toward filling the shortfall in Pension fund. Result 1/5th portion is left for wages and 4/5th portion is appropriated towards pension. We will be getting meager 7% rise in wages, that too on March 2007 salary.


Future :- They have taken the bait of pension from IBA and gleefully agreed to share even the future wage revision towards shortfall in pension fund. So IBA has very intelligently hedge the Mismanagement, Inefficiency and corruption in Management of pension fund. Any shortfall in pension fund due to mismanagement, inefficiency and corruption , will be deducted from our future wage revision.

Result :-

IBA has won the battle by driving UFBU leaders to accept the bait for pension from wage bill. Instead of giving actual pension option, UFBU leaders have made current employee to share wages for present as well as in future.

Though IBA appears to have win the battle, but in long run it will destroy the banking industry. Bank will be able to hire only inferior talent from market due to low wages.

Social status of Banker would decline very sharply, as Bank’s General Managers would stand a notch lower than the Section officer of Central Government.

Bank Clerk salary would be lesser than central government Sub (Peon) Staff.

We should emphasis to our UFBU leader to please fight for Proper Pension option. Do not agree for Sharing of Wage fund to meet the shortfall in pension fund.

ghanshyam said...

Dear Bankers,
All central/state employees got a handsome pay revision.when it comes to Bank/Insurance employees responsible authority find it very difficult to allow the same benifite throwing terminology Pension as 3rd option and many more.it means there is no money shortage for hike in perks of from santri to mantri.we all are at the mercy of our union leaders as well as political leaders.

Raj said...

Do employee who had left bank after 20 yrs of services in 2003gets benefit of pension

SANJEEV said...

SANJEEV OBEROI, NEW DELHI

WE, THE BANK EMPLOYEES SHOULD RESIGN FROM THE UNIONS AND LEAVE THE WAGE REVISION TO THE GOVT JUST LIKE PAY COMMISSION. IN THAT CASE WE WILL GET OUR DUE SINCE THERE WILL NOT BE ANY TUSSLE OF ONEUPMANSHIP BETWEEN UNIONS AND IBA. WE SHOULD LEAVE THE BALL IN THE COURT OF THE GOVT. THE UNIONS ARE JUST INTERESTED IN GETTING SUBSCRIPTION AND LEVY (WHICH IS AN INSULT TO THE BANK STAFF AS IT IS LIKE BROKERSHIP FEES).

Rajeev said...

It is true, the wage revision in PSU banks are real joke. They have hired the best from the market and paying shit.

Rahul said...

Dear Sir,

Dont crib, take action like the 28 members of a PSU who have done below.Talking does not help and will go on fron one wage revision to other. Take action.



22.12.2009


Dear Sir,



Sub: Resignation from Union Membership.



Referring to the above matter, we have to say that 9th Bipartite Settlement reached by the UFBU has been unsatisfactory to a large extent and has unmotivated the young officers of the Bank. The settlement has not taken into account the actual cost of living and wage standards prevalent in the other public sector institutions. The wage increase is paltry and is not expected to support a decent standard of living associated with the respective designations over the next five years. Also, the gap between the bank employee wages and wages of other Govt. Services have widened over the years leading to an inferior quality of living when compared to personnel of same designations in other organizations. This has been mainly due to unfair bipartite settlements done by UFBU over the years. The expectations of young officers have been jeopardized by UFBU and we have lost confidence and faith in UFBU. We do not expect any amelioration in the present condition of the employees even in future with respect to wage negotiations with UFBU being the representing body of Bank Employees as the same is lead by retired officers who neither understand the expectations of serving employees nor reflect the true leadership of the bank employees. They have been using these platforms to their political and economical advantage by extracting a major share of these settlements for their own benefits without looking into the plight of the current serving employees. We are also against the mindless strikes being called by the unions that are deviating from the core issues of employee welfare. Moreover, these developments have left us demoralized and have shaken our spirits & expectations.



In view of the above, we hereby submit our resignation from the Union and we request you to stop the deduction of Union Subscription from our salaries with effect from December 2009.



Thanking You,



Yours Sincerely,



Sd/-

U. S. Pandey said...

Well, its the communists who are methodically killing the banking fraternity in a slow but certain process. I invite you to read my post "Communist at Your Dining Table" at my blog http://uspandey.in

http://uspandey.in/2009/10/13/communist-at-your-dining-table/

bvrk_bvrk said...

rk : why there should be a disparity in the wage between sbi and other nationalized bank . all are doing the same kind of jobs with the same kind of tension and responsibility .are sbi people are super humans to get more ? treat every one as same
when u treat every one on par then there will not be any clash or difference of opinion between sbi and other bank unions. then only the settlement will be smooth. our ufbu leaders have no guts and are a sell off.
through sbi out and call for the industry level indefinite strike demanding wage revision and benefits on par with SBI dont bend or budge until u get a solution. dont try to take employees always for a ride. there is a limit for every thing. if employees/ officers community are disturbed /agitated and patience is lost, i warn u union leaders, u will have have no place to hide ur face. dont try to to test the the patience of employees community and torture them for the benefit of the people who have already gone out. take their issue separately and try to complete the negotiations immediately. dont have any lany lame excuses. try to appraise off the situation to every one in a very transparent manner and try to earn the good will of the work force. don't try to drag the issue for the sake of levy alone saying that u have achieved the success after a great struggle. again i am telling u there is a limit for every thing and employee community are not fools

bvrk_bvrk said...

yes mr Rahul. I agree on what u say . the old & retired people heading the union have taken the entire workforce for a ride and the wage negotiation in Banking industry has become a mockery. ultimately the union leaders will drive the employees to say "to hell with your settlement" and earn? the goodwill of iba & management. we hope at least now our so called leaders will change chage

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abhijeet said...

Hi to one and all this Abhijit singh can anybody tell me how pass the sbi clerical written test iam writing since 4 years iam not getting success in that please tell me how to pass is there any other method to get job in sbi like back door entry by giving money please suggest me give we give bribe to ibps people

abhijeet said...

please give me job in sbi please yar iam begging u please

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