Saturday, June 20, 2009

State Bank officers against merger, seek 30% pay hike

The All India State Bank Officers Federation has said merger and consolidation of public sector banks would harm the expansion of banking activities in the country and nullify the financial inclusion concept of the government itself.

The federation also pressed for a 30 per cent increase in salaries of bank officers, saying that a 15 per cent increase that is being offered is not enough.

The officers also want one more pension option and are prepared to contribute up to Rs 1,800 crore of the Rs 6,000- crore additional fund needed for the purpose, federation general secretary G D Nadaf said at a press conference in Agra yesterday.

TN Goel, president of the Federation, said the earlier salary agreement with the Indian Banks Association (IBA) had expired on October 31, 2007, and a new one was due on November 1, 2007.

All the four bank officers' organisations had submitted a common charter of demands to the IBA and the government on October 29, 2007, but nothing had been done in the matter of revision so far.

The officers organisations would not agree to anything less than 30 per cent increase in salary, he added.

Source : PTI/Business Standard.

1 comment :

Stuffed Goofy said...

It is fully justified. if the offciers compare their erstwhile payscales at all levels with the corresponding govt scales of pay durimng 1977 when oillai committeee were imposed on them and the present pay commission scales it will be visible that what amount of gross injustice that the govt iba combine had done to the financial sector employees. only a 40 % increase at all levels will bring them on par with vi th pay commission scales. productivity per employee,business per employee , gross profit/net profit everything has gone up.so the united forum can seek an appointment with our present fm with facts abd figures highlighting the erosion of wages. and seek his intervention .

Contact Us

Viewers may share any information with the administrator in this email shyamali00@gmail.com
Any news, if approved, may be published in this blog under his /her name.

.................RECENT HEADLINES

Related Posts with Thumbnails

Blog Archive

Bookmark This Page

Bookmark and Share
All the information published in this webpage is submitted by users or free to download on the internet. I make no representations as to accuracy, completeness, currentness, suitability, or validity of any information on this page and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. All information is provided on an as-is basis. All the other pages you visit through the hyper links may have different privacy policies. If anybody feels that his/her data has been illegally put in this webpage, or if you are the rightful owner of any material and want it removed please email me at "shyamali00@gmail.com" and I will remove it immediately on demand. All the other standard disclaimers also apply.