Friday, January 22, 2010

Details of bipartite talks with IBA on 22nd January and 23rd January

Details of 23rd January meeting with Officers' Association :

HRA, PENSION COSTING, SBI SHARE EARMARKING DISCUSSED. UNIFORM PAY RISE , ,COMPARABLE INCREMENT-HIGHER START – STAGNATION INCREMENT DEMANDED.

One more round of discussions took place between IBA and four Officers’ Organisations today at Mumbai.

The Management team was lead by Shri Jagdish Pai, Chairman of the small committee of IBA.

IBA gave their revised proposals of Basic Pay Structure with Rs,14000 beginning and ending with Rs.54400. They have agreed to remove the cost of leave encashment on retirement. On pension costing, the differences persist in the matter of new pension option. With regard to date of payment of pension, IBA is only prepared to effect payment from the date of settlement whereas Unions want from 01-04-2008. On the cost of SBI pension wherein IBA has allocated an increase of Rs.132 crores also, Unions have objected as it is a new item suddenly introduced after the first chart was given by the IBA.

Thus no finality could be reached on scale of pay, pension cost and date of effect of payment of pension to new optees.

It has been agreed that Unions will work out their scale of pay, presenting uniform loading effect to IBA upon which further discussions will take place.

The next round of discussions to take place on 08-02-2010 and Unions will submit their proposals to IBA by 27-01-2010.



Details of 22nd January meeting :

"Another round of bipartite talks between IBA and 5 workmen Unions viz. AIBEA, NCBE, BEFI, INBEF & NOBW took place today in Mumbai. In today’s meeting, we further discussed about construction of revised pay scales, rates of annual increment, rationalisation of special pay in clerical and substaff cadre etc. There was also discussion on the proposal to club HRA and CCA to ensure equitable increase in the allowance in all areas with special emphasis on the rural and semi urban centres. Then we took up for discussion the costing of pension and submitted our view points. We also took up improvement in other allowances like Washing Allowance, Cycle Allowance, Project Area, Compensatory Allowance, Split Duty Allowance, Hill & Fuel Allowance, Halting Allowance, Breakage Allowance etc besides improvement in distance entitlement under LFC, family definition to include dependent brothers / sisters who are physically handicapped, revision in income amount to determine dependent parents, non–insisting of four days leave while availing LFC encashment, improvement in road mileage rate, sanction of 45 days special leave for women employees undergoing hysterectomy operation, upgradation of lumpsum paid part time employees to scale wages, improvement in hospitalization reimbursement scheme, inclusion of Sidha treatment for reimbursement, etc. etc. There were also some discussions on revision of duties for Single Window Operators, Head Cashiers and Special Assistants.


The calculations on cost impact of the above will be done and worked out for the purpose of finalizing the various items and components. The next round of Bipartite talks will be held on 9th February, 2010.


In today’s meeting we were informed that Punjab and Sind Bank management have also given their mandate to IBA for being governed by the proposed wage revision agreement and thus all the banks are now covered.


Earlier, at the beginning of the talks, homage was paid to the veteran leader Com. Jyoti Basu and Mr. Mohan Rao, Chief General Manager Corporation Bank and member of Negotiating Committee of IBA who had died recently by observing two minutes silence."


Source : AIBEA {As per their version}

131 comments :

Parameswaran said...

Hope in the next meeting all the employees will come to know the pay structure. I request the leaders not to drag the issue further. Let the employees get arreas in this financial year itself.

gitanjali said...

I have lost patience.

SHANKAR said...

Definitely there is no need to meet again and again to discuss the same subjects. Once a matter is discussed it should be recorded and noted in the minutes and it should not appear again for further discussion.But it is observed that even after several rounds of discussion, nothing has been concluded and recorded in the minutes.Every thing appears to be in the discussion level itself.

SHAILESH said...

are yar band karo ye sab,kab tak logo ko bewkoof banate rahoge.ab to wage revision ho jane do pura nahi to kuch hi sahi bank walo ka bhi salary increase ho jane do.please ab netagiri band karo aur samajh nahi aa raha hai to ham sabo se naya pay structure banwa lo.
shailesh

vatsan said...

Insanity: Doing the same thing over and over again and expecting different results.
--Albert Einstein
this is what iba and ufbu is doing

Sanjay Bhatt said...

ये मीटिंग की आग कब बूजेगी ? यूनियन लीडरोकी

इन्होने काफी वक्त ले लिया है/
पेंशन के लिए १५ साल और
वेज रीविजन के लिये २६ महीने
कोई सेटलमेंट मिले बीना नहीं रहा है , मगर
आज के कम्प्युटर के जमानेमें ये सब कुछ हजम
नहीं होता है/

ये मीटिंग पे मीटिंग कब खत्म होंगी?

कम्प्युटर में ए२क्सेल है, कोई तो यार बताओ इन लीडरो को/ कब बेवकूफ बनाना बन्ध करेंगे?

अब उत्साह खत्म हो रहा है.

27 Nov'2009 > 09 Dec'2009 > 17 Dec'2009 > 5 Jan'2010 > 22 Jan'2010

&
9th Feb'2010 ????????

यार ९ फरवरी को मेरी मेरिज एनेवर्सरि है /
गिफ्ट समजके सेटलमेंट करदो /

chandan said...

WHY BPS IS DELAYED???:

"Once the wage is settled the workers are required to dole out a levy i.e. a percentage of the arrears of their revised wages to their trade unions which they belong. Obviously you understand the trick, more the delay in wage revision, more the amount of arrears so bigger the amount of levies! Surprised! but this is the norm of wage negotiations and despite of deep resentment amongst the workers (whose voices are always suppressed) for the delay and the undue levy, the practice is on ever since bipartite wage negotiation between Indian Banker’s Association and several trade-unions"


'EXTRACT, TAKEN FROM SOMEONE'S COMMENT'

Rakesh Kumar said...

The leaders have proved beyond doubt that they can do nothing and yet get away with it. The wage revision is finalised and the leaders are doing " nautanki" to prove us that this wage revision is an historic achievement . You can check this once the wage is finalised within 1-2 month and the circular will start " Comrade, we have done it again, Historic achievement, unmatched wage revision". I fail to understand why we choose our leaders from retired group .

sudhakar said...

It is evident that our Neta have not put forth with IBA what they want in all these years. How many long years they require to decide their demands. Perpetual discussion on trivial issues. Congratulations for delay tactics.

IYER said...

It is intriguing to observe that even still the leaders and IBA are thinking that the employees are continuing to be complacent like in the past! These days, thanks to interaction through blogs people get to know the issues inside out and every move of leader is under scan. It is all the more disturbing to note that during the course of discussion one of the negotiating committee members from management side expired and if it is felt a new one is required to be inducted and appraised from the start, they may start the discussion from the scratch - like a criminal proceedings involving politicians!

No body is seemingly concerned about the members - amongst whom a good number might be retiring during the pendency and a few might have expired leaving their family in dismay and denying them terminal benefits based on revised pay simply for the reason that they were not employees on the date of signing the settlement.

Leaders, please talk to your conscience; if the delay is really for getting a hefty levy please do a rethinking linking the interests of poor old employees on the edge of retirement - after all the unions are for taking care of the interests of their members!

chandan said...

Referring Headlines: Friday, January 22, 2010 'Public sector banks may pay wages as per profits'


Dear friends,
Don't pay much hint to these type of periodical statements delivered by the Executives of different financial organisations.These things are to come and go.Nothing to be panic.One can recalled in mid nineties a 'Commerce Secretary' of GOI had delivered a lot against the employees of Bank & LICI.The so called IAS officer,a 'Chamcha' of political leaders had try to exhibit himself more patriotic than others.

The persons who are expressing such type of views, whether will be in the helm of the affairs, or not by the next BPS, is not certain.So right now, it would be healthy,not to think so much on these subjects.

Thanks.

Kundan said...

Referring Chandan
I couldn't understand why not its should be as per paying capacity of different banks. Whatever you earn you should be prepared to get.Time is coming fast for that.

yeswanth said...

hi everybdy, is there any clarity on how much the DA goin to be?

SHYAM SINGH said...
This comment has been removed by the author.
chandan said...

Referring Kundan January 23, 2010 8:28 AM:

Dear Sir,

This is a vast subject and not so easy to discuss elaborately in few lines in the blog. However do you now K.C. Chakraborty? I am not from PNB. Please meet PNB staff for this purpose.

In school I read 'Time and Tide wait for none'. But here the case is not that.These type of statements are political in nature though discharged by non political persons.

Thanks.

PM said...
This comment has been removed by the author.
SHYAM SINGH said...

DISCUSSIONS HELD WITH IBA - 23.01.2010
GIST OF DISCUSSIONS BETWEEN IBA AND FOUR OFFICERS’ ORGANISATIONS
AT MUMBAI ON 23RD JANUARY 2010.

One more round of discussions took place between IBA and four Officers’ Organisations today at Mumbai.
The Management team was lead by Shri Jagdish Pai, Chairman of the small committee of IBA.
IBA gave their revised proposals of Basic Pay Structure with Rs,14000 beginning and ending with Rs.54400. They have agreed to remove the cost of leave encashment on retirement. On pension costing, the differences persist in the matter of new pension option. With regard to date of payment of pension, IBA is only prepared to effect payment from the date of settlement whereas Unions want from 01-04-2008. On the cost of SBI pension wherein IBA has allocated an increase of Rs.132 crores also, Unions have objected as it is a new item suddenly introduced after the first chart was given by the IBA.
Thus no finality could be reached on scale of pay, pension cost and date of effect of payment of pension to new optees.
It has been agreed that Unions will work out their scale of pay, presenting uniform loading effect to IBA upon which further discussions will take place.
The next round of discussions to take place on 08-02-2010 and Unions will submit their proposals to IBA by 27-01-2010.
AIBOA
CHENNAI
23-01-2010

SHYAM SINGH said...

so this is the real story. forget about early settlement. The mou signed in November will go laps on Feb 27. and we will have to start agitation again as IBA is offering start only with 14000/-. Where are those people who were saying that basic pay will be arrived with (current BP*1.69)+20% rise ?

We can't get start with even 16000/- as after two months of talk the offering is only 14000/- and it can never be more than 15000/- from IBA side. So either accept 14000 or start agitation again.

Good luck !

sudhakar said...

Perennial and perpetual discussions/negotiations
to get a paltry starting of Rs 14,000/- for PSB officer for which our UFBU is fighting for the past two and half years. Great job done by our UFBU.

Sanjay Bhatt said...

Dear Friends

Now time to start agitation against the union leaders,
not against IBA.

If after so many months of discussion no result come then its prove it self UFBU leaders failure.If they have not any guts or tricks to convince to IBA then UFBU is meaning less.This time I observed every moment only IBA hands are over.
Then UBFU should be call agitation against IBA.Otherwise members will start agitation against them.I have write here in december'09 I will not join in 16th Dec'2009 strike and I also not joined.Again I write here I will not pay single paise for levy.Care everybudy Mr.Chandan told very right in blog
January 22, 2010 11:21 PM.There are no big acheivement in this BPS even after 2nd pension option.They be fool us with pension topic linked with BPS.I am also PF optee.UFBU leaders misguide us in every thingtimenothing nothing s and put us in dark zone of our job for future.They all want to prove that They are more then NETAS.

Shankar Sir,
Don't take other way,Sir.
This blog is a good platform for our banker to discusse everythings.
So,don't leave from here and disscuse here.I realy thankful of this blog for Whrer I can discribe my viewes and get knowledge.Forget every thing and share your knowledge.SORRY If I am wrong at any point or word.Again Sorry.
I have one thought under construction in my mind that is
"If our leaders not successfull to signed BPS as per 27/11/09 MOU time limit,then I will resigned from bank and start agriculture.I have now no faith in Leaders.They nothing achieved this time.They not disclose any movment but I have near by sources,thus I write.

AGAIN AND AGAIN I HAVE NO HURRY TO GET ARREARS AND I LOST MY Patience
NOT FOR LATE IN GETTING ARREARS BUT STYLE OF NEGOTIATION AND MEANINGLESS DELAYED.

I can't understand language of "CHAMACHAGIRI"
Becoze I am giving my best to my institution,Its my right.And Unions and Association are for it.This thrir duty.And follow to any call from them its our duty but I done everything and and all members are not tottaly fool they can't understand What is wrong and What is right.

Rakesh Kumar said...

It seems to me that UFBU had an underhand dealing with IBA and they are trying to misguide the members just by bringing SBI/ Non SBI differences. I fail to understand the objection from UBFU for SBI getting more when we are getting nothing. UFBU should have an objection in accepting 17.5% wage revision. Now when they have agreed to it, why they are objecting to SBI getting more than that. I strongly feel that we should try to hike our increase to the maximum rather than putting all our efforts towards stopping SBI getting more than us.The fact remains that we will only benefit if SBI gets more than us as we can again seek parity any time from IBA/ our respective banks.The division between employees of Banking industry will be bad for everybody and only Venkatachalam , Sridharan and Nadaf will be responsible for this. These 3 leaders ( or chamchas of IBAs/ Govt- everyone knows their political affiliation) are (apart from IBA & GOI ( who have a duty to treat everybody as equal ) are playing games with Bankers. The time is not far when we bankers will be forced to work in situations prevalent in GOI ( come when u want, go when u want, no productivity, Customers will be denied service after business hours just like railway counters closes sharp at time (even when there are hundreds of customers standing in queque). Do the IBA/GOI want Bankers to demand bribe ( % of loan sanctioned/ A/c opening fee etc) so as to maintain a decent life style. If the UFBU/ AIBOA/AIBEA/AIBOC is sincere in getting decent salary hike, why no agitation for such demand?

Rakesh Kumar said...

..contd

An example of what i have told earlier:-

The min and max of scale of pay for the last 5 bipartite is given below for verification:
Wef Min Max Ratio
01.02.84 1175 4600 3.91 (4600 is fixed)
01.01.87 2100 7000 3.33
01.11.92 4250 14000 3.29
01.04.98 7100 21300 3
01.11.02 10000 32600 3.26
Exp 14000 54400 3.88

The last exp is as per IBA proposal. We can clearly see that the ratio is in the range of 3-3.3 in earlier years, whereas the same has been projected for 3.88 this time. Whether UFBU members have taken a note of the above, or they have also agreed in front of IBA that only AGMs, DGMs and GMs are working in the Bank. If the ratio of 3.26 is to be maintained and IBA s proposal of ending the scale at 54400 is accepted then the officers starting scale will be 16700 (54400/3.26). Can the UFBU convince the IBA is a million dollar question or whether they really want to is another million dollar question.

What is the point in Charter of Demand (Projected increase say demand at 40-50% and later begging at 17.5%. See the delay in meet 23rd Jan to 8th Feb. Next meeting on 24 the Feb , next on 7rd March ( the MOU is valied upto Feb 10 only). Then start the whole negotiation from the scratch. How much these idiot leaders get from IBA for delaying the wage revision ( to save interest towards wage cost for banks). What is the Net Present Value of money that we should have got in Nov 07, Dec 07 and then every month. Who will pay interest on delayed credit? These chamcha netas are enjoying various delicacies at fortnightly meeting for the last 2 years free of cost and they do not want to end the matter. Thats why the delay

chandan said...

Referring Rakesh Kumar 23, 2010 9:47 PM:

Dear Comrade,

Where is the tail & where is the head of your comment? Have you read the management's attitude? Without Union it's impossible to survive in a banking atmosphere of service.I was a state level office bearer in our bank as joint-secretary for long seven years 1996-2003.

Writing in blog is very easy but perform the same in field is too hard.We may criticise the leaders and unions, but be a leader and take a proper lead is certainly a herculean task.I observed it.If today you also get a chance to lead the UFBU/Union etc, I bet you never proved yourself a better one than the existing persons,who you named. The system in banking industry is something like that. The worst.

I also don't find any serious concept among my juniors, who joined in bank in last five/six years to rectify and improve different arrangements of Union. They are much more busy with their cell phone & etc etc.Then how can be the rectification brought to the Union? Once have a thought on it.

Thanks.

chandan said...

34 SLAB(PROBABILITY) BANK DA FOR FEB-2010:

Labour Bureau Government of India declared a six point rise in Agriculture Labourer's price index for the month of Dec-2009. Basing on this Two point rise is expected on CPI for Industrial Workers,to be declared on 29th Jan-2010 for the month of Dec 2009.So the average for the quarter of Oct-Dec 2009 will be 167.66 and will result 34 slab or 6%+ increase on Bank DA for Feb.In worst case also,it can't go below the 32 slabs.

Sanjay Bhatt said...

Dear Chandan Sir,
chandan said...

Referring Rakesh Kumar 23, 2010 9:47 PM:

Dear I agreed with you Without Union it's impossible to survive in a banking atmosphere of service.But now days We seen decreaseing graph of unions power. without unions We bear or suffer more little bit.Nothing will finished.Now days as per leaders attitued Its sure unions will finished and We will came in condition Which We all never want.If without unions & Association We suffered It is better then with Unions And Associatios We Suffered.Now a days not a bank level problems solved by unions.leaders working for their CHAMCHAS.I not being personal,But for example I am working in Bank of Baroda and our managment suddenly stopped Computer Oprators Allownce for temperory basis.Non computer operator work like operator but they don't get allownce.This matter since one and half years in court of unions but till the day its unsolved.If any part of body spoil your entire body then cut it through out it is better for body.
Chandanji I must always carefully read MR.Balan,Iyer.Chandan,Shankar.
I have not hope from you.

Here Now this only my view But in comming days its becaome everybudy viwe.Then Please remember Me.

OK I agreed Its diffrent to write here and working as leader But Dear you and everybudy know that this time UFBU nothing doing they are playing with not understanable ways.

Nothing stop whout me or you.
Now days
Nothing different without or with Unions.

Again I am telling that in very short time my sentences prove themselves right,then please remember me.

Don't take it personaly.I used only platform.
It may be possible I am wrong on any point but percentage wise chance is 1% .
//OM GAM GANPATYE NAMAH//

vatsala said...

refering your comments on union and their leaders as waste is not agreeable . There are some good union leaders are available still fighting for the cause of the employees(example.gen secy of S B S U) but the present ufbu leaders are not hearing their voices or suggestions. They stand as a whole like aibea.,befi., nobw or ncbe etc
That is the fate of the bank employess.I apologise if anybodys' feeling is hurt by my opinion.

chandan said...

Referring Sanjay Bhatt 24, 2010 2:06 PM:

Dear Mr Sanjay,

Sometimes writing against the motion with some sort of valid logic, aims to judge the new idea,thought and feelings of members' of the blog in real term. In Group Discussion this type of reflection one can find. I have already endorsed some one's view in my comment'WHY BPS IS DELAYED???' posed three four times in this blog in last three four days. After reading the text , I also started to believe the text, because I find it very logical and powerful.What's your view on that text? No senior member yet has posted their reaction on that text of 'Levy Collection' apart from one single line from Mr IYAR.

I collected history on union and banking from ground realities right from 1970 to onwards, met retired/senior bank officers/ employees; analysed all possible parameters, went deep into a comparative study with govt jobs both in central & state, while writing an article 'Roll of AIBEA on middle class employees movement' in 1996 on the eve of golden jubilee of AIBEA, which bagged state award.

I never believe unions were so powerful and strong in seventies & eighties that I heard from different bank employees, prior to my joining in this industry.

Thanks.

chandan said...

Referring vatsala 24, 2010 6:33 PM:

"(example.gen secy of S B S U)"


Dear Mr vatsala,

What is the full form of your 'S B S U'. Please name the gentleman who is 'gen secy of S B S U' as mentioned in your comment and also the points, why you are so impressed with him, when we all are here spitting on union leaders.

Thanks.

sudhakar said...

Dear Chandan,
None of the members are against UFBU and their negotiations. Taking into the pace of settlements arrived by various organization and quantum, the members become jittery when compared to other organizations/members. After all we are here for better settlement and if the same is not forth coming,tempers will go high. The UFBU should clear the dust from time to time.

INDERPAL said...

We not waste our energy by just commending on what has happened in past. Let us all pledge to change the whole process from next BPS onwards.

Inder

chandan said...

Referring sudhakar 24, 2010 9:01 PM:

"None of the members are against UFBU"


Dear Mr Sudhakar,

UFBU stands only for non SBI factors, like nationalised bank etc, as on date.SBI as on date does not need any industrial level UFBU.However please note I am from nationalised bank.Many of nationalised bank employees/ officers are at their fifties due to lack of required recruitment for a very long period.In fifties, when the breeze of retirement is knocking at your door, how can you have fire to go against UFBU and their negotiation? Because these trade unions are very vindictive.Is n't it? 4% levy stands 15 to 20 crore in a month's arrear amount in the industry. Last settlement was in June-2005. 5 years term means June-2010 not Nov-2007. 10th BPS means 2015 not 2012. Try to solve this simple mathematics.

Thanks.

chandan said...

Referring INDERPAL 24, 2010 11:24 PM:


Dear Sir,

Have you any model scheme to achieve the purpose, that you mentioned or just you are barking? If have any model scheme, then please present here.

Thanks.

r rajendran woraiyur trichy said...

Belivable: No one could survive with out an umbrella of any Union/Association under which everybody glitters or otherwise they would vanish from the terms & conditions of service which would be imposed/enforced by the ...
Unbelievable: Useless leaders could do nothing for the welfare of employees existing as on date.
If it is true, nothing would come out in the name of settlement for enhancement of salary in the name of revision even by a percent.
Blaming/Cursing is a easy job but Caring is a tough one when you deal independantly with such an Association enriched with members of top officials hanging in the hands of GOI.
Be patience as long as you are an employee of any bank in India atleast your interest & welfare would be protected with the support of SOCALLED UNIONS/ASSOCIATIONS as you refered.
Those who disagree with this, for them, BE A ROMAN WHEN YOU ARE IN ROME & for you, THE SAME IS NOT BUILT IN A DAY OR TWO - is it not so?
'CALM BEFORE STORM' - Every body knows it whereas 'STORM BEFORE CALM' being created by all except very few.
Men may come and men may go but
Settlement will prolong for ever atleast once in five years at present and the chair persons on either side are responsible to come out with better results towhich everybody deserves for the same and be patience and hope HOPE FOR THE BEST.

BALAN said...

IMPORTANCE OF PENSION UPDATION

COURTESY RBI ASSOCIATION CIRCULAR EXTRACT
EXTRACTS FROM RBI OFFICERS ASSOCIATION CIRCULAR
http://airbiopf.org/pension.html

For all future retirees, pension updation is critical since (i) we are certainly going to retire, (ii) cost of living will continuously go up, (iii) future rate of interest though unpredictable, is likely to be low, may be even lower than today, (iv) as retirees, we don’t have fresh earnings. (v) salary structure is not so high as to enable existing employees to plan a suitable investment policy creating a personal old age insurance in the form of annuity payments.

In case of Central Government pensioners, however, pensions are upwardly revised after every pay commission and the pay commission had introduced certain other welcome features also like gradual increase of
basic pension with retirees' age.
Some of the benefits to central government retirees after the Pay
Commission are briefly:
*****
Maximum and minimum pension raised from Rs. 33,075/-and
Rs.2813/-to Rs. 52.200/-and Rs. 4060/-respectively.
*****
Full pension after 20 years of service.
*****
The recent 6th pay commission have even recommended gradual
increase of basic pension with the retirees’ age even suggesting
that if a pensioner reaches the age of 100, his/her basic pension will be
doubled.
*****
Family pensioners will get full pension for first 10 years
*****

WILL OUR UFBU LEADERS ATLEAST KNOW THESE DETAILS IS A MILLION DOLLAR QUESTION
IF GOD APPEARS BEFORE US AND READY TO GIVE A BOON WE SHOULD WHOLEHEARTEDLY ASK THAT GIVE GOOD ADVICE TO UFBU/IBA/MOF AND NEGOTIATE ON BEHALF OF ALL BANK EMPLOYEES SO AS TO GET GOOD SALARY INCREASE IMMEDIATELY.ALL CAN DO JOINT PRARTHANAS IN VARIOUS TEMPLES IRRESPECTIVE OF RELIGION SO AS TO MAKE POSITIVE VIBRATION WHICH ALONE WILL HELP. GOD SHOULD APPEAR IN THE DREAMS OF NEGOTIATING TEAM AND INSTRUCT THEM TO EXPEDITIE THE SETTLEMENT BEFORE THE END OF NEXT MONTH.

ALL GOD THUNAI
K BALASUBRAMANIAN

Kundan said...

Referring different comments of Chandan, I feel that Chandan is a strong follower (i am not using Chamcha, just to honour him) of a UFBU leader, having un manageable inferiority complex vis-a vis SBi people and in all his blogs simply either try to defend the incapable UFBU leaders or shout at any one talking of SBI. Plaese stop all these nonsense.

sudhakar said...

Dear Balan,

I am very happy that you have brought the up dation of pension in time in this blog. Hope the UFBU will note this and take it up with IBA in the ensuing meeting for updation.

INDERPAL said...

Chandan Sir,

Let us all try to work towards a reasonable BPS for 2012. We can call for views and suggestions in these columns. There are very learned and impartial personalities posting their views here.

I still feel there is no point in commenting to what has been signed.

Chandan Sir, if you have some concrete suggestion, please put those in these columns. Thanks and regards

vatsala said...

dear mr. chandan.,

expansion of s b s u. is syndicate bank staff union.If you have chance to talk with him you will also impressed by his thinking. Try your luck by contacting him.

BALAN said...

WHAT SHOULD BE DONE NOW BY UFBU/IBA


Without standing on false prestige IBA can allow a starting salary of 15000 to officers as against the government class I SCALE of 15600.

A running scale 15000-60000 with very decent increments to dgm and gm who are executives of the banks .can be considered. Let them have some respect in the society and let them be at least equal to the secretary level and above .PLEASE HELP THEM TO KEEP THE INSTITUTIONS PRESTIGE. SALARY LEVEL REFLECTS THE INSTITUTION STATUS
In place of grade pay 5400, they can introduce the concept of variable pay on an experimental basis from prospective effect ie from 01.04.2010.By this the employees may stand to gain however small the amount may be over and above the present agreed increase and will narrow the lo………ng gap prevailing between government officers and bank officers .This incentive if any can be given on ad hoc basis ie equal amount to all officers or on scale wise so that juniors can derive some benefit.

Since majority of the officers are availing lease facility IBA CAN CONSIDER increasing HRA to at least 20% which can be increased to government level in next settlement. THIS SHOULD NOT BE INCLUDED IN THE COST.
This also can be given from prospective date 01.04.2010.It will give relief to self occupied properties of officers .

Clerical starting pay can be 50% of the starting scale of officers and ending can be 40%.
A running scale of 7500-24000 with least 23 stages so as to avoid frustration at the senior level and to give them relief from stagnation increments for years together.
Substaff salary starting should be 90% of the clerical starting and ending 70%

6750-16800 with atleat 23 stages so as ro avoid stagnation.

The above proposals are the minimum need based wage revision based on the parity theory and not on earlier bipartite theory and rest of the things can be considered by appointing a committee and to bring parity atleast in future . LET IBA CONSIDER ITSELF AS A PAY COMMISSION JUDGE AND LET IT DO JUSTICE WIOTHOUT CALLING FOR NEGOTIATION . FOR GIVING BETTER HIKE THAN WHAT WE ARE EXPECTING NEGOTIATION IS NOT NECESSARY. ALL BANKMEN WHOLEHEARTEDLY THINK WELL OF IBA AND MINISTRY.
POOR BANK PENSIONERS
ALLOW IMMEDIATE 100% DA RELIEF TO PRE 01.11.2002 PENSIONERS AS AGREED BY PARLIAMENTAARY COMMITTEEE AND SAVE THEM FROM THE CLUTCHES OF INFLATION. PRE 01.11.2002 PENSIONERS ARE ALSO LIVING IN THIS WORLD ALONGWITH OTHER BANKMEN AND GOVERNMENT EMPLOYEES/PENSIONERS BUT WITH MUCH REDUCED PENSION. GIVE THEM SOME LIGHT BY ANNOUNCING 100% NEUTRALISATION IMMEDIATELY.

FINALLY BY ALLOWING PENSION UPDATION ALSO ON PAR WITH GOVERNMENT EMPLOYEES IBA CAN COMPLETE ITS ROLE AND UNDO WHAT ARE THE INJUSTICES THAT IT HAS DONE TO BANKMEN SINCE INCEPTION.
LET THE PRESENT TEAM DO PARIHARAM FOR THE PAPAM COMMITTED BY VARIOUS ERSTWHILE LEADERS.
VIABILITY OF THE PROPOSAL
ALL THE STATE GIVERNMENTS AND CENTRAL GOVERNMENT ARE IN SEVERE DEBT CONDITION ( courtesy dinamalar daily 25JAN 09)where as banks are in the green even absorbing all the genuine /political write off. IT IS STANDING LIKE A ROCK BECAUSE OF THE DEDICATION OF ONE MILLION EMPLOYEES. SO REWARD THEM INSTEAD OF PUNISHING THEM ALLOW THE INDUSTRY TO BE PROUD BY ALLOWING THE EMPLOYEES AND PENSIONERS TO DRAW MORE SALARY AND MAKING THEM HAPPY.MAKE THEM BLESS AND DON’T ALLOW THEM TO CURSE.

FINALLY ONE LUMP SUM INCREMENT TO ALL FOR THEIR PATIENCE SINCE 01.11.2007 WHICH WILL FURTHER IMPROVE THEIR PAY PACKET . DON’T WORRY THEY CAN NOT CATCH THE GOVERNMENT SALARY LEVEL .WHICH IS HAVING THE HIGHEST CAPACITY TO PAY BY INCREASING THE FISCAL/REVENUE DEFICIT.


K BALASUBRAMANIAN

chandan said...

Referring Kundan 25, 2010 8:19 PM:

Dear Mr Kundan,

Here everything is in sense; nothing is in nonsense. I am not a follower of UBFU or any union in particular.I am here a member of any union, because I work in bank. Presently I am a member of AIBEA, because it is the majority award staff union in our bank and I don't want to put me in any further problem by joining any minority one for any purpose. Before joining in bank, while I was in central govt I was a member of BMS(Bharatiya Mazdoor Sangh).

I have already endorsed the view from which you should understand my stand on UFBU.The view is:

"Once the wage is settled the workers are required to dole out a levy i.e. a percentage of the arrears of their revised wages to their trade unions which they belong. Obviously you understand the trick, more the delay in wage revision, more the amount of arrears so bigger the amount of levies! Surprised! but this is the norm of wage negotiations and despite of deep resentment amongst the workers (whose voices are always suppressed) for the delay and the undue levy, the practice is on ever since bipartite wage negotiation between Indian Banker’s Association and several trade-unions"

I have nothing to feel bad if you label me a chamcha. Chamcha has also many effective qualities, like a joker in a circus. We can say many congress state chief ministers are chamcha of congress high command. By our comments or labeling something like this nothing to be changed.

SBI job may be a little bit better than other nationalised banks, but looking to style and quantum of work, all public sector commercial bank jobs including SBI have been deteriorated to a large extend and presently no talented candidate, who has other parallel option in hand, is not interested to join in this industry.

My friend an Income Tax Inspector was telling me that his department earns a lot, but expenses only 0.5% of total income. His logic is, their income should be as per the income of their department. You also agree for a concept "Whatever you earn you should be prepared to get.Time is coming fast for that." Have you any answer for this Income Tax Inspector?


'Staff welfare' a management subject is officially under the control of SBI union. Have you any knowledge about the way of all expenses under this head. It is not me, my childhood friends, who are as on date in SBI, tell the true story at our evening gathering. Whatever I collected from them, that only I posted here.

I don't have any complex to SBI employees. During BSRB days, our selection/allotment was not according to merit, a different story that I posted around a month back. Compare to my earlier state and central govt job both nationalised & SBI job in my cadre is inferior today, in various parameter.

In my state govt, while i joined in 1984, I also found one of our staff, who resigned from SBI clerical in 1964 to join in our department as a clerk.

RBI coin-note examiners are telling SBI is no more a RBI's bank. So why are SBI people comparing themselves with RBI? Have you any answer?

Please note SBI is a bank and is a network like Indian Railway. It is not a state or goverment. It is very much under the control of GOI in salary matter. It can't act like a foreign bank in staff salary matter as long our parliament is there.

Thanks.

chandan said...

Referring INDERPAL January 25, 2010 9:29 PM:

Dear friend,

I already told 2012 is 2015 for BPS. If you are interested to get it within a six month of due date Nov 2012, then please stop this levy collection system of BPS arrear.Contribute atleast 1 to 2% on gross salary as monthly union subscription, in place of these Rs 50 or Rs 100. This is my first suggestion.Your opinion on this is requested.

Thanks.

chandan said...

34 SLAB(PROBABILITY) BANK DA FOR FEB-2010:

Labour Bureau Government of India declared a six point rise in Agriculture Labourer's price index for the month of Dec-2009. Basing on this Two point rise is expected on CPI for Industrial Workers,to be declared on 29th Jan-2010 for the month of Dec 2009.So the average for the quarter of Oct-Dec 2009 will be 167.66 and will result 34 slab or 6%+ increase on Bank DA for Feb.In worst case also,it can't go below the 32 slabs.

chandan said...

Referring vatsala 25, 2010 10:19 PM:

Dear vatsala,

Thanks for your reply. I don't want to heart your sentiment regarding your GS, but compel to say that, unless someone is on the steering, what will be the outcome in meeting him? In 1997-98 I many a time met someone who was a GS of the state SBI employees union that affiliated to INTUC, popularly known as Parallel Union.A rebellion group curved out from NCBE outfit and formed that Parallel, later on that affiliated to INTUC. In my several meetings with those people was only to learn more and more on Trade Union, as at that time I was a state level office bearer of AIBEA outfit of our bank.Latter on I discovered my entire process was a futile one, as because those people were not on any steering of their bank, apart from forming a parallel employees co-operative society. So hereafter I lost my interest to interact with those union leaders, who are not in a final decision taking process.

Thanks.

prasad said...

Dear Chandan Sir
My present BP 15450/-
Please let me know how much pension I get .I completed 28 years service

chandan said...

Referring prasad 26, 2010 2:21 PM:

Dear Sir,

Please provide the following details for an exact calculation.

1)Are you already retired or on service as on date?

2)If on service, what is your left over service as on date?

3)Specify FPP & PQP amount.


After receiving details, I will calculate your pension.

Thanks.

Kumar Dipendra Ha..... Ha........ ????? said...

sir, can anybody guide me as what perquisites are available to a SBI 2009 batch PO, Please elaborate a bit..

chandan said...

Referring Kumar Dipendra Ha..... Ha........ ????? January 26, 2010 4:25 PM:


Dear Mr K.Dipendra,

You can visit www.aisbof.org for circulars, where these subjects are mentioned very clearly. However 2009 PO batch is lucky enough to get SBI pension & CPF which may not be available for those who will join after Dt:01/04/2010.

Thanks.

chandan said...

TO ALL BLOG MEMBERS:

Dear Friends,

Those who are interested for SBI circulars on staff & other related matter, can visit www.sbioahc.com where circulars right from 2001 to till date are available.

Thanks

SHYAM SINGH said...

Referring Chandan
January 25, 2010 10:55 PM

“My friend an Income Tax Inspector was telling me that his department earns a lot, but expenses only 0.5% of total income. His logic is, their income should be as per the income of their department. You also agree for a concept "Whatever you earn you should be prepared to get.Time is coming fast for that." Have you any answer for this Income Tax Inspector?”

Dear Mr. Chandan,

I respect your knowledge and arguments but some times it seems that there is no point in your arguments. For your knowledge and for the knowledge of your friend who is Income Tax Inspector I wish to tell you that the concept of Profit or Income is related to business activities only for which either there should be sell of a product or a service. Ask your friend that what service are the offering to the public? Is there any competition in their field? Whether they attract public to maximise their income by providing competitively better product/service among the options available in the market? They are just collection agents of the Govt. revenue from which they can’t demand any share except reasonable salary. The money collected by them is public’s lability towards govt. Can they collect revenue from any person more than his lawful obligation? Not na ? So, inspite of demanding salary to their so called “income” IT people should be punished as Tax hiding is still there in the country and IT people are failed to collect complete govt. revenue(govt. revenue-not their income).

If a bankman demands salary in ratio of bank’s income nothing wrong in it as concept of income/profit is clearly inherited in banking. We sell a service, we compete in market with private/foreign/govt. banks and we maximise our profit doing all our efforts. Govt. has not made any law that public will come and deposit a fixed percentage of their income in a particular bank so that the bank can show it as profit in it’s balance sheet. Ask your friend to provide his departments last year balance sheet in which profit is shown? U know he can’t produce it. Because balance sheet can be prepared only where a business is run ? and collection of Income Tax is not a business activity. Therefore, no income, no profit and no demand of salary in ratio of income.
I hope you will understand the concept without elaborating the topic.

Kumar Dipendra Ha..... Ha........ ????? said...

Chandan Sir,
I am new to job, kindly tell me in detail what benifits a bank employee/PO is eligible for apart from salary ??
I have grilled the aisbof site previously, but didn't get satisfactory answers of my queries.

plz don't mind

chandan said...

Dear Mr K Dipendra,

You please visit following link and refer 2008 & 2009 circulars on the subject you want to know. There you can also get central office reference letter no.

www.sbioahc.com where circulars right from 2001 to till date are available.

Thanks.

chandan said...

Referring SHYAM SINGH 26, 2010 8:07 PM:

Dear Friend,

What's your idea on Indian Railway & Reserve Bank of India including NABARD in this context. Waiting for an early response.

Thanks.

SHYAM SINGH said...

Dear Chandan,

I ask you, u tell me which one of above three organisations mentioned by you come in definition of a business or industry ?

Which organisation prepares balance sheet ? and which organisation earns profit ? and which institute face competition with other players in same field ?

you will get your answer automatically.

Swami said...

Dear Comrades,
on the 23rd meeting, IBA given the offer of Off Scale of pay leaving a spread of Rs.10000/- tobe spread only for AGM DGM and GMs by increasing the no of scales of pay from 39 to 47 to match with the idiotic 11 stages of ED Scale where no ED in india work more than 5 year term.
2. They have given the calculation of PF and additional cost of pension as 6.25% load out of 17.5% which the unions / assns have not accepted as of now.
3. We are being slowly fooled by IBA taking us to the deadline of 28.2.2010 and forcing us to accept what they throw.
3. In all previous settlements. Effective Date of Pension will be date of signing the settlement, where as IBA now offer WEF 1.11.07 there by making the Wage Revision money to drain towards Pensioners only and Living wages to be less settled.
4. Hence during the last meeting, our leaders were taking about unwanted Halting all, Cycle all etc and has come out.
5. Tommorrow, again they are going to submit a fresh demand as done before 2 years and will make us fools.
6. Having waited 26 months, let us wait some more months and get real wages reasonably settled (i.e., let us get relived from the clutches of Pension payments).
7. AGMs, DGMs and GMs who are prictised to using computers are deciding our computer allowance. What a mockery.
8. AGMs, DGMs and GMs who harass the workforce without themselves working are being offered better scleas. This is the height of "Atrocities" in Wage Revision by Management.

chandan said...

Referring SHYAM SINGH January 26, 2010 10:02 PM:

Dear Mr SHYAM,

These three organisations are preparing their balance sheet and show profit & loss; may be sometimes technically in other name.Facing competition with other players is a very relative term in our country. Prior to Nineties LIC & GIC(Inspite of four wings) were also counted as Business Houses without facing any such so called competition.

So the ball is now again in your court.

Thanks.

tarun said...

hii guys, can any one say what would be monthly increase in salary of mine?. am a clerk & my present basic is 5055 wherein gross is around 8900+. when joined in bank it was 4840( in 2008) .my increment would be in march every year.

tarun said...

am told by some thatatleast 1500/ would increase?. is it so?

vatsala said...

Dear Mr.Cchandan,

what you said correct. The G.S of S B S U is tired of writing letters of the misconcept theory of so called union leaders of ufbu and he was one who stood to remove a CHAIRMAN AND MANAGING DIRECTOR of the bank by agitation on corruption charges and won many legal battles for the sake of the employees who stood with him, still doing the same for the employees though retired long since.Though he is a G S of a minority union but the mgt is still respect him. Finally we need not drag this issue further ,diverting from the main cause.thanking you.

SHYAM SINGH said...

Dear Chandan,

you need to learn difference between a business activity which is run with the object of maximum profit and between a Regulatory body/Govt Department which is run to control a specific field of economy or society with the object to implement the Govt. policies and to regulate the things as per policies approved by the Govt. in Parliament.

Don't mind but join some evening tuitions or buy a book something like "business management" you will understand all the things clearly.

Arun said...

Dear Chandan sir

I am sub Staff and I am a PF optee. I am in service till 30/01/2010 and going to retire on 30/01/2010 after 38 years service (Date of Joining 14/02/1972).

My salary details are as under:

Basic Salary - 7560.00
Stagnation Increment 1620.00
Special Pay 430.00
DA 6054.00
HRA 625.00
PPA 429.00
TA 105.00
Washing Allowance 100.00
Cycle Allowance-60.00
Total Rs. 16983.00

Please calculate my Pension if i opt it and revised salary /arrear .

Arun Kumar

BALAN said...

AWAKING THE COMRADES
MARCH TO THE PARLIAMENT
PUBLISHING THE WAGE ISSUE WITH COMPARISON IN THE NAME OF UFBU IN ALL LEADING NEWSPAPERS INCLUDING LOCAL DAILIES
SEEKING THE COOPEARATION OF INFLUENTIAL MPS CUTTING ACROSS PARTY LINES
DEMANDING APPOINTMENT OF A FINANCIAL PAY COMMISSION TO GO INTO PAY STRUCTURE OF ENTIRE FINANCIAL SECTOR VIS A VIS SIXTH PAY COMMISSION RECOMMENDATIONS AND IMPLEMENTING THE RECOMMENDATIONS FROM 01.11.2007
TILL THEN AN INTERIM RELIEF OF 20% OF THE GROSS PAY AS ON 01.11.2007WITHEFFECT FROM 01.11.2007
SECOND OPTION OF PENSION TO ALL AS AGREED TO BE IMPLEMENTED FORTHWITH
PENSION UPDATION TO ALL ONLINES OF CENTRAL GOVERNMENT PENSION
COMPARISON OF PAYING CAPACITY IE PROFITABILITY IN CASE OF BANKS VS HUGE REVENUE DEFICIT IN CASE OF VITH PAY COMMISSION
SEEK A SECRET BALLOT VOTE FOR DECLARING AN INDEFINITE STRIKE BEFORE THE CLOSING WORK


ABOVE TEN COMMANDMENTS ONLY WILL BRING SOME RELIEF AND ALSO GOVERNMENT WILL EFFECTIVELY INTERVENE IN THE MATTER


OR
GOD SHOULD TAKE A NEW AVATAR LIKE RAMA AVATAR OR KRISHNA AVATAR TO FIGHT INJUSTICE METED OUT AND TO DO JUSTICE TO BANKMEN AND BANK PENSIONERS

WHEN THE ENTIRE GOVERNMENT SECTOR IS FIGHTING FOR IMPROVING IN THE GRADE PAY AND OR OTHER FIXATION WITHIN THE SCALE WE POOR BANKMEN ARE FIGHTING FOR SURVIVAL
CRUELTY OF FATE

ONLY TIME WILL TELL WHAT IS IN STORE FOR US

K BALASUBRAMANIAN

Paritosh said...

Dear Chandan ji,

Please refer to Mr.Swami's blog dated 26th Jan.2010,10.09pm. I reproduce his point no. 3 given in the blog as under-
"3. In all previous settlements. Effective Date of Pension will be date of signing the settlement, where as IBA now offer WEF 1.11.07 there by making the Wage Revision money to drain towards Pensioners only and Living wages to be less settled."
I invite your specific comments on the above point no. 3.
Thanks.

Arun said...

Dear Chandan sir

I have joined on 14/02/1974 as a sub staff & my Date of Birth is 03/01/1950 and going to retire on 30/01/2010 after 38 Years service . Being a PF optee ,I want to know that how much pension I will get if I will choose pension and I can get pension from Feb. 2010 and kindly inform me my expected revised salary and arrear amount after next BPS.

My salary details are as under:

Basic Salary - 7560.00
Stagnation Increment 1620.00
Special Pay 430.00
DA 6054.00
HRA 625.00
PPA 429.00
TA 105.00
Washing Allowance 100.00
Cycle Allowance-60.00
Total Rs. 16983.00

Arun Kumar

SHYAM SINGH said...

Dear Arun Ji,

I really wonder. How come is it possible that a person retiring after 38 year's long service is getting his final Basic Pay only 7560/- ! what will be your pension amount ! how will your run your family after retirement !? We pray god that pension updation come soon and you don't face any hardship in the years to come.

I request all blog members to make a fund with our mutual contribution and we start giving advertisements in news papers to aware people about the salary structure of bank employees and urge them to not to allow their children to join any bank. We could not save our life but we can aware people to not to ruin their future in banks.

PTS appointment system of bank's has ruined life of thousands of people. They are forced to work from early morning to late evening and get very little amount in the name of salary. Most of the PTS run their life all the time in debt towards bank and outsiders. No PTS takes his salary to home because they dont get any surplus amount after paying their debts at month end.

Bank said...

Dear all
The Reason for our suffering are
1.Self appointed leaders hand in gloves with IBA.(We were told by a very senior leader january 2008 that settlement is already finalised and all other things are nautanki for maximising levy).
2.State sponsored exploitation by way of transfer for those who stand up.
3.Biased attitude of the administrators in general.
4.Incentive only to CMD/EDs

Real strength will come when we redesign our agitational ways without impacting the customer/general public.As our service levels increase,we will have a positive image in Public.

We have read one speech of RBI governor which quotes that why the Banking should not be made boring in US context (theory propagated by Mr.Paul-Nobel prize winner)

But this is being practically applied here on hapless Bank employees so that talent do not turn to Banks.

SHANKAR said...

To Sri Sanjay Bhat-January 23, 2010 8:33 PM
With all probability you have to will get your arrears because wage settlement is not an issue at all. It was made an issue by IBA and our leaders.
"CHAMCHAGIRI" is a word having no definition.It can only be sensed but can not be seen. You have said that you are honestly performing your duty very sincerely to your institution.Extremely good.You have another person in your branch/department whom every body is accusing every day because of his inefficiency and incompetance.
But when the promotion list is announced you find that he has got promotion even though you got higher marks than him and did very well in the interview. Again after promotion he remains in the same place and you get a transfer order without promotion.How? Nobody knows. Explaining more than this is beyond my capacity.

To Sri Paritosh:-
January 27, 2010 5:55 PM

You may note that pension issue, Compassionate appointment issue and wage settlement issues are 3 separate issues not linked to each other. Even pension settlement and compassionate appointment issues un settled also wage increase will not be beyond 17.50 % which has been confirmed by IBA. PF optees have to sacrifice their entire management's contribution of PF and an additional 30 % towards load for getting pension.Any levy by unions can only be on this 17.50 % wage increase and not beyond that.And it will be purely optional.It depends on your faith and affection in your union.
With regards

chandan said...

Referring SHYAM SINGH 27, 2010 9:03 AM:

Dear Mr SHYAM,

Ofcourse I have certain knowledge on the concept of business & business house. However what's your view on BSNL, which was a govt department a decade back. When it was a govt department it had also to compete with private players as like today being a corporation. The activities of BSNL can also compare with us, I mean i.e. Public Sector Banks, looking to the concept of a business house.Your comment please.


Thanks.

chandan said...

Referring Arun 27, 2010 6:03 PM:

Dear Mr Arun,

You will draw 50% of your emolument drawn, apart from HRA, TA,Wahing and Cycle.


Thanks.

Rakesh Kumar said...

Hai,
The unions were supposed to give their Pay Scales and other charts to IBA by 27th Jan 10 (Today) as per the last meeting. Do any one has any idea about the matter?

chandan said...

Referring Paritosh 27, 2010 5:55 PM:


Dear Mr Paritosh,

The meaning is, if revised pension will be paid from Nov 2007 instead of now, then certainly more fund will be diverted to pensioners to meet the upward revision amount and those who are in service have suffer for getting less due to diversification of the fund earmarked for BPS.

However my advice is, you need not be worried for it, because the representation is not correct.

chandan said...

Referring tarun January 27, 2010 2:50 AM:

Dear tarun,

Definitely you will get 1500/-.

Thanks.

Arun said...

Dear Chandan Sir

In contiuation of my previous post on 27/01/2010 I want to know that I can get pension from Feb. 2010 and kindly inform me my expected last drawn salary as per 9th BPS. Can I will get retirement benifit like Gratuity & Leave incashment etc as per 9th BPS by way of arrear .

Thanks

chandan said...

Referring Arun 28, 2010 1:35 PM:


Dear Arun,

The math is very simple and every bank employee is expected, this minimum H.R related subject.You will get every thing as per ninth BPS.

You will get around Rs 8300/- as pension without commutation and after revision it will be improved in between Rs 9500 to Rs 10000.

How ever what is PPA 429.00 ?

Thanks.

Sanjay Bhatt said...

Shankar Sir,

Thanks.

YOU ARE 101 % RIGHT.
I accept your point.I also know that but When I read from your comment then I got some satisfaction.Again I know all and understand every thing What is going on.But Sir,I personally want to tell You that I have leave to appear for promotion,Due to as per point written in your comment.Sir,I appeared for IT officer test with 18th years of service and my fellow also appeared with 7 years of service.Evenafter They don't know how to e-mail,then also he had got success and I had not.For kind information in my branch Our manager and all staff members called me "IT MAN","COMPUTER MASTER".There are 21 employees staff in my branch.I have passed Cetifiction course of Comp.Application and Visual Basic 6.0(Computer language).Then I bound myself to never appear in any test for promotion.
You are 101% right.But Sir Now adays anybudy speak in fever of so called leaders then I lost my control over my mind and get engry.I know this is a bad nature.But truth is truth in any meanig,even in lose or gain,Even in victory or Defeat.Sir...Sir...
I am not a philosopher.After everything it is very true everyday When I reached at home Then I feel my job satisfaction i.e.What is my output for whole day.Sir I am engry and worried due to going on drama this time,Because I have finished 18 yers in bank and remain are 25,I am really worried When I thought How can I finish my left years.

BANK WILL TO CONTINUE ME ? OR
CAN I CONTINUE IN BANK ?
In present situation.
How can I be positive ?

Advise invited from ALL.

Please note,Pension and Wage hike are not only our primary But others also.REMEMBER ME.

In this comment I be a very personally but advise me.

Good News for me that after 7 e-mails Mr.C.H.venktachalam answered me.
I aks them to be trnsperant and Where is transperancy this time.Then they don't answer but ask question for my question and asked me" You also be transperant first".
I have replied them I am not a leader,So I have not to be transperant.Even after If you want then I will tranperant mysef.Only God is Great.

WHAT AN IDEA SIRJI!!!!

tarun said...

referng. January 28, 2010 12:02 AM
to Mr.chandan
thanks for replying me sir. I will calculate my arrears .

tarun said...

referng..January 29, 2010 12:25 AM
Mr.sanjay Bhatt,

dear sir,
your words explain the pain you are in with disappointment you had.
am inexperienced & cant advise you but the truth is -- things donot happen as we expect always.So expect the unexpected all the time & be prepared for the outcome.
hope you have seen the naukri.com advertisement wherein a person is praised by all his colleagues & at the last he is given a peanut sal by his boss.nothing wrong if you dint get ur promotion. never blame others as u & we all know the fact that talent alone doesnt bring you success. If you still think how & the other guy got thru the promotion-why dont you try the RIGHT TO INFORMATION ACT & GET YOUR PERFORMANCE KNOWN TO YOU. IF its so fair then atleast you will know where you lagged & can improve the next time.

& never ever you go into frustration as it leads to inferiority & only increase the negative attitude & hatredness to do work. enjoy your work,improve your knowledge day after day(bank is not everything) & if you are capable then make a move out of bank after completing the qualifying service for pension.
you are old enough,so I know that you will comeout of the angryness & think in right direction making you a better person as always.

thanks & regards.

chandan said...

Referring tarun 29, 2010 6:32 AM on Mr.sanjay Bhatt:

Dear tarun,

When I joined in bank in 1992, I also thought in your line. So don't worry, you will also think in our line(I refer Mr Bhatt) gradually, if you stick to this industry. You definitely need experience of service to know the real music of bank-service and it atleast needs five long years of service in a banking environment.

Thanks.

chandan said...

34 SLAB(PROBABILITY) BANK DA FOR FEB-2010:

Labour Bureau Government of India declared a six point rise in Agriculture Labourer's price index for the month of Dec-2009. Basing on this Two point rise is expected on CPI for Industrial Workers,to be declared on 29th Jan-2010 for the month of Dec 2009.So the average for the quarter of Oct-Dec 2009 will be 167.66 and will result 34 slab or 6%+ increase on Bank DA for Feb.In worst case also,it can't go below the 32 slabs.

T J P said...

Please do't divert from main issue that is Pay revision. It is pay commission blog and discuss only related issues.
Personal frustrations and other issues are not relevant here.

Arun said...

Dear Mr.chandan

Thanks for replying me sir. PPA is Fixed Personal Allowance . Sir I have to plan after retirement and you may better suggest me whether I should go with pension or PF ? Sir your kind suggestion is apreciated.

Thanks

Bank said...

The settlement for IDBI is already done without UFBU and at par with central Govt.
long live UFBU

PM said...

Dearness Allowance will increase by 32 slabs (5.76%) from Februry 2010 i.e.; 68.76% DA (Total 382 slabs) for all cadre & stages. Pensioners to get 91 slabs of DA.

chandan said...

Referring Arun 29, 2010 4:19 PM:

Dear Arun,

First you put your self argument for and against PF. Then only I reply.

Thanks.

prasad said...
This comment has been removed by the author.
prasad said...

Dear Chandan Sir

please let me know my pension

if I want to take VRS
BP RS 15,450/-
FPP RS 620/-
PQP RS 360/-
AGE 51 YEARS
LEFT OVER SERVICE 9 YEARS
STILL IN SERVICE
PLEASE LET ME KNOW PENSION ON VRS

chandan said...

Finally it is 32 slabs for Feb-2010 Bank DA. Very first time we witness only One point increase in Industrial against Agriculture Six. Govt might have exercised discretion and kept one point pending. Otherwise it should have been Two point rise.By the way 'kept pending' will be reflected in next month.

Allbanksolutions.com as a coincident, matched the DA hike for last two quarters, but remember it may not be possible in each and every time.

Thanks.

Sanjay Bhatt said...

Thanks to MR.Tarun And
MR.Chandan

For Tarun:

Dear I have already started preperation for CAIIB,Now I will never apply for promotion.In bank I have passed 18 years and now Banking is everything for me,So.for my knowledge perpose I Have startd again CAIIB.Thanks.

For Chandanji:

Sir Thaks and Regards.I am also joined bank in Feb'1992.


For T J P:

I allready write this line in my last comment
"In this comment I be a very personally but advise me".

I think you have not read carefully so,telling:

T J P said...

Please do't divert from main issue that is Pay revision. It is pay commission blog and discuss only related issues.
Personal frustrations and other issues are not relevant here.
January 29, 2010 10:08 AM

Dear T J P this blog is open for all,If don't like any comment then don't respond them.Its a bankers blog not only for Pay and Pension.When nothing is transparent from UFBU and Nobudy can do nothing.In reality We all here firing in Air only.Through this blog We can expressed ourselves and get knowledge also.Then also If you have any latest and concert news about pension and wage even after roundoff 700 comments in this blog you should be post here.What is rest now after 700 + comments disscusion.If you like wrong through my last comment then I am sorry.

I will eagerly awaited some new news and particulars from you in this blog.Thanks.

chandan said...

Referring Sanjay Bhatt 29, 2010 10:25 PM:

Dear Mr Sanjay,

I joined in Dec 1992 after resigning from a central govt service recruited through Staff Selection Commission and the posting in central job, was in my state capital. From state capital, multi-stored office building, I was posted far away in a remote village for a bank job. At the age of 26, due to accepting this bank job, my career was spoiled. All these misfortune, happened for receiving advice from some senior SBI employees, who were known to me.

Even for a request transfer to near by place of my choice, I had to run pillar to post and it took long Five years.Incidentally I was a state level majority union's office bearer of our bank for long seven years 1996-2003. Thereafter I left all these things and engaged in guiding aspirants in different competitive exams and achieved a number of success and it provides me a new identity & satisfaction. Though there is sixteen years left, I think it may not be possible for me to continue more than seven/ eight years due to unfriendly circumstances exist in the root of this job.Let's see what happened.

Thanks.

chandan said...

Referring SHYAM SINGH 27, 2010 9:03 AM:

Dear SHYAM,

I am waiting for your comment on BSNL with reference to my reply to you on January 27, 2010 11:32 PM.


Thanks.

chandan said...

Referring prasad 29, 2010 8:55 PM:


Dear Mr prasad,


Your pension will be around Rs 13500/-(with Feb-2010 DA) without commutation and you will get another Rs 2000/- upward revision in pension due to ninth BPS. So it will be around 15500 per month.

Thanks.

Shanmuganathan said...

Dear Chandan
I took VRS after completing 25 years from Canara Bank on 25-5-08.
My basic pay at the time of retirement was 22280/-. Please inform me the basic pension.

SHYAM SINGH said...

Dear Chandan,


The Business activity has been defined as under:-

“Economic system in which goods and services are exchanged for one another or money, on the basis of their perceived worth. Every business requires some form of investment and a sufficient number of customers to whom its output can be sold at profit on a consistent basis.”

So there are three main features of business:-

1. There must be sell of goods or service.
2. There should be some form of investment.
3. The aim should be to earn maximum profit.

so every institution coming under this definition is doing business.

And dear BSNL, LIC, Indian Railway may be doing business but not the Income Tax Department, RBI and NABARD.

Hope the things will be clear to you now. and I belive you dont have friends in Railways, LIC and BSNL. the only problem is your friend who is working in Income Tax department and now you can easily make him understand that collecting of Income Tax is not a business like banks. ha ha ha ha

Mitul said...

I am agree with Mr.Shyam,although I appreciate the knowledge and effort he is puting in making this blog more and more active and helpful for the users...I once again thanks to Chandan sir, but at this point I am agree with Mr.Shyam...

Mitul said...

IDBI has got the settle ment at par with the GOI employees so Balan Sir and Chandan Sir ur comment will be appreciable here...waiting for ur expert comments with more depth and light on Their settlement...

Sanjay Bhatt said...

Hello!
Mr.T J P
Good Evening, Sir,
Where are you?

Any new news for wage and pension?
Then We will start discussion here,And We will get outcome nothing.

I am waiting for you.

chandan said...

Referring SHYAM SINGH 30, 2010 6:01 PM:


Dear SHYAM,

Leave LIC & Income-Tax.Just make it final:-


1)RBI & NABARD are not doing business.


2)Railway & BSNL(including the period when it was a govt department) are doing business.


After getting a nod from you, I will proceed further in this matter.


By the way I don't have friends in LIC, but my close friend is in Rly-Accounts and myself is an erstwhile employee of Department of Telecommunication, later on that corporatised to form BSNL.

Waiting for your reply.


Thanks.

yagneswaran said...

Having patiently waited for BLUE MOON(EID KA CHAND) wage revision which seems to be a COLD STUFF as of now,the bank employees are interested in the DA increase because there is some compensation for the uncotrolled inflation.It is better if unions make an attempt to peg DA levels at the start of the financial year/tax year for INCOME TAX and exclude the DA increases for that year from IT LIABILITY.The reasons are 1 DA increases are o/a GOVT.action through annual budgets 2 There is no full compensation 3 By tax recovery the less compensation is further reduced. Therefore let the govt.control inflation and retain price levels so that it need not pay increased DA WHICH IS NOT A 100%COMPENSATION,by the right hand and recoverINCOME TAX WITH THE LEFT HAND.SOUNDS SENSIBLE?

chandan said...

Dear Mr Balan, Mr Shankar & Mr Iyer:

Does the following paragraph on 'WHY BPS IS DELAYED???' hold any TRUTH? Your comment please.


WHY BPS IS DELAYED???:


"Once the wage is settled the workers are required to dole out a levy i.e. a percentage of the arrears of their revised wages to their trade unions which they belong. Obviously you understand the trick, more the delay in wage revision, more the amount of arrears so bigger the amount of levies! Surprised! but this is the norm of wage negotiations and despite of deep resentment amongst the workers (whose voices are always suppressed) for the delay and the undue levy, the practice is on ever since bipartite wage negotiation between Indian Banker’s Association and several trade-unions"


Thanks.

chandan said...

Referring Shanmuganathan 30, 2010 7:37 AM:

Dear Sir,

Please let me know first, whether you are a PF optee or pension optee.


Thanks.

chandan said...

Referring Mitul January 30, 2010 8:46 PM:


"IDBI has got the settlement at par with the GOI employees"


Dear Mr Mitul,

Where did you get this news? Please specify the web link for my reference. I am unable to catch any such settlement. Waiting for your response.

Thanks.

sudhakar said...

IDBI got the settlement because they do not have UFBU for negotiation with the management.

Parameswaran said...

Dear Chandan Sir

I am a PF optee.

chandan said...

Referring Parameswaran 31, 2010 8:26 PM:


Dear Sir,

Does Shanmuganathan your another id? Your case we have already discussed around a month back.

Thanks.

BALAN said...

20 BANKS IN TOP 500 GLOBAL LIST : ECONOMIC TIMES 01 FEBRYARY 2010

NAME OF THE BANK RANK 2009 RANK 2010

STATE BANK OF INDIA 70 36
PUNJAB NATIONAL BANK 192 174
BANK OF INDIA 228 195
BANK OF BARODA 260 196
CANARA BANK 251 213
UNION BANK OF INDIA 351 274
INDIAN OVERSEAS BANK 371 334
ALLAHABAD BANK 345
INDIAN BANK 454 355
CORPORATION BANK 393
ORIENTAL BANK 467 447
SYNDICATE BANK 486 453
ANDHRA BANK 461
CENTRAL BANK OF INDIA 471


HATS OFF TO SERVING BANKMEN WHOSE EFFORTS EVEN WITHOUT ADEQUATE COMPENSATION SPEAKS VOLUMES AS ABOVE.
WHAT ELSE GOVT/IBA WANTS TO REWARD THE EMPLOYEES/OFFICERS WHO IS RESPONSIBLE FOR ABOVE
WHEN THEY ARE SPENDING THOUASNDS OF CRORES AS WAGES AND LIVING BEYOND THEIR MEANS WHAT PREVENTS THEM TO SHOW THE SAME GESTURE ON BANK PERSONNELS AND PENSIONERS. THE FAULTY APPROACH OF THE UFBU SHOULD NOT STAND IN THE WAY OF GOVERNMENT GESTURE TO REWARD THE BANK EMPLOYEES AND BANK PENSIONERS AND MOTIVATE THEM TO REACH GREATER HEIGHTS IN FUTURE. IF GOVERNMENT/IBA COMBAINE ALLOWS LIBERAL WAGE REVISION ATLEAST ON PAR WITH SIXTH OPAY COMMISSION IN TOTAL, THE BANKMEN WILL PUT THEIR EFFORTS WHOLEHEARTEDLY AND SEE THAT ALL OF OUR BANKS COMING IN TWO DIGIT RANKS GLOBALLY WELL BEFORE IN 2012-15 PERIOD.

COME FORWARD IBA
COME FORWARD MINISTRY OF FINANCE
COME FORWARD FINANCE MINISTER
COMEFORWARD PRIME MINISTER
COME FORWARD INFLUENTIAL SECTION O FPOLITICIANS WHO CAN DO SOME HELP TO BANK EMPLOYEES
COME FORWARD BANK PARLIMENTARY COMMITTEE WHOSE RECOMMENDATIONS GOVERNMENT CAN HEAR
I AM NOT ASKING UFBU TO COME FORWARD BECAUSE THEY CAN NOT DO ANY THING . INSTEAD THEYSPOIL THE WHOLE SHOW BY INFIGHTING AMONG THEMSELVES.

AFTER SEEING THE ABOVE NEWS ITEM , IBA CAN SIMPLY ALLOW THE FOLLOWING SCALES OF PAY WITHOUT NEGOTIATION FOR WHICH THE EMPLOYEES ARE ELIGIBLE AND DESERVE.

OFFICERS RUNNING SCALE 15000---60000 DA AS APPLICABLE+ HRA 30% + GRADE PAY 20%
CLERICAL RUNNING SCALE 7500….24000 DA AS APPLICABLE+ HRA 30% GRADE PAY 20%
SUBSTAFF RUNNING SCALE 6000….18000 DA AS APPLICABLE+ HRA 30% GRADE PAY 20%

ALLOW THE ABOVE SCALE FOR 2832 POINTS INDEX
EVEN IF THE EXPENDITURE ON ACCOUNT OF LIOBERAL WAGE REVISION IS MORE THAN 12000 CRORES MONEY IS AVAILABLE WITH IN THE SYSTEM.
PAY WELL AND DEMAND MORE RESULTS FROM THEM AND WATCH THE PERFORMANCE.
ALLOW FULL NEUTRALISATION OF DA TO PRE 01.11.2002 PENSIONERS AND ALSO PENSION UPDATION IN ADDITION TO SECOND OPTION FOR PENSION FOR ALL EMPLOYEES.

DON’T MAKE BANK EMPLOYEES LAGGING FAR BEHIND IN SALARIES AND PENSION WHEN COMPARED TO THEIR GOVERNMENT COUNTER PARTS. DO YOUR CONSTITUTIONAL OBLIGATION NOT ON BASIS OF CHARITY BUT ON THE BASIS OF PROVEN PERFORMANCE.

K BALASUBRAMANIAN RETIRED SENIOR MANAGER INDIAN BANK UNDER VRS 2000 SCHEME PENSION OPTEE
SUFFERING BECAUSE OF DENIAL OF 100% NEUTRALISATION AND PENSION UPDATION FOR WHICH UFBU IS FULLY RESPONSIBLE

PM said...

Ref:Mr.Balan, February 1, 2010 12:16 PM

Dear Sir,
Whatever you have stated is correct,which exactly reflects the state of affairs of present day bankmen(retirees too) and their frustrations. Nobody will disagree on these points.Unfortunately the leaders themselves doesn’t want to see the welfare of own members for reasons best known to them. Interesting part is,IBA/MOF now places themselves in mere spectators role,to make their job easy by using the tool- UFBU.The great leaders who fought relentlessly with managements for decades,to secure benefits to bankmen ,the fruits of which bank employees are enjoying today, may laugh at the new ‘avatars’if a reincarnation takes place.
Often it looks funny to hear that ‘next round of talks’will discuss further.What next?
Let them finalise a decent pay scale first.

Sanjay Bhatt said...

Hello!
Dear Mr.T J P
Good Evening, Sir,
Where are you?

Any new news for wage and pension?
Then We will start discussion here,And We will get outcome nothing.

I am waiting for you.

If nothing you have then kindly keep mum and silently read or sit.

Sanjay Bhatt said...

Dear Balan Sir,

I realy and heartly THANKS you.

We know and understand everythings But Who(UFBU leaders) need to understand and take action are not want to do this.

We are realy feel helpless.

Again Thanks.

chandan said...

Referring SHYAM SINGH 30, 2010 6:01 PM:


Dear SHYAM,

Leave LIC & Income-Tax.Just make it final:-


1)RBI & NABARD are not doing business.


2)Railway & BSNL(including the period when it was a govt department) are doing business.


After getting a nod from you, I will proceed further in this matter.


By the way I don't have friends in LIC, but my close friend is in Rly-Accounts and myself is an erstwhile employee of Department of Telecommunication, later on that corporatised to form BSNL.

Waiting for your reply.


Thanks.

January 30, 2010 11:13 PM

(REPOST)

SHANKAR said...

Referring to Sri Sanjaybhat-
February 1, 2010 10:05 PM

We all pick pocketors have gathered in the field(This blog).Let pocket holders(IBA and UFBU) come to the arena. Then depending on our capacity, we shall chose and pick our share purely depending on our luck. Till then let us keep quite.

SHYAM SINGH said...

Dear Chandan,

For considering an institution a business entity all 3 conditions mentioned earlier must be full filled.

RBI – Although the RBI showing thousands of crore rupees as profit in it’s Balance Sheet every year but the aim of this institution is not to earn profit. It is regulator of economic system of country. Whatever it earns is result of implementation of policies. And these policies are decided keeping in mind the best interest of nation’s economic health. That interest is always greater than few crore of profit in balance sheet. A central bank is a banking institution granted the exclusive privilege to lend a government its currency. Like a normal commercial bank, a central bank charges interest on the loans made to borrowers, primarily the government of whichever country the bank exists for, and to other commercial banks, typically as a 'lender of last resort'. However, a central bank is distinguished from a normal commercial bank because it has a monopoly on creating the currency of that nation, which is loaned to the government in the form of legal tender. It is a bank that can lend money to other banks in times of need. Its primary function is to provide the nation's money supply, but more active duties include controlling subsidized-loan interest rates, and acting as a lender of last resort to the banking sector during times of financial crisis. It may also have supervisory powers, to ensure that banks and other financial institutions do not behave recklessly or fraudulently. So the vast aims of RBI make it different from a business entity. It will perform all its functions even if it does not earn profit, because to earn profit is not its aim. And you know a business entity’s ultimate aim is to earn maximum profit.

2. NABARD - NABARD is set up by the Government of India as a development bank with the mandate of facilitating credit flow for promotion and development of agriculture and integrated rural development. The mandate also covers supporting all other allied economic activities in rural areas, promoting sustainable rural development and ushering in prosperity in the rural areas. NABARD functions are developmental and promotional and supervisory. Mainly it’s a supervisory body which is established with an aim to ensure sustainable rural development. So aim is not again to earn profit.


continue..........

SHYAM SINGH said...

3. RAILWAYS – 1. There is sale of service (passenger and goods transportation)
2. Investment is there.
3. Although the railways are earning profit now days but the railways has been established to facilitate public transportation under Govt’s social obligation. The railway will continue to perform it all functions even if it does not make profit as it is doing it for last 50 years (profit is shown in past few years only). If railways start making loss again it will continue to perform it’s functions and the loss will be made good through the budget of UNION of INDIA. So we can not treat railway at par with other business entities.
4. BSNL :-
1. There is sale of service
2. Investment is there
3. Earning handsome profit.
(There is no restriction that Govt. can not do business, A govt. can also do business, so if in the period when BSNL was a Govt. Department it the aim was to earn profit it was a business entity. But I think at that time the main aim of the department of tele communication was to provide tele communication facilities in the country). I don’t know what is their aim now days. I don’t know govt. will let it function or not if it does not earn profit.

3. BANKS :- 1. Sale of service
2. Investment is there
3. For last few years the only aim of bank’s are to earn maximum profit only. For this purpose we are indulging ourself in various functions except accepting deposits and giving loans. We are turned up in complete business entity. Our performance is reviewed and compared at par with other players in same filed on parameters like per employee business, PE ratio, profitability, return on capital employed etc. And if any bank start making loss everybody knows it can not run its existence as govt. can not bear a bank with loss. Profitability is our only aim.

Please Note again that in a business :-


1. There must be sell of goods or service.
2. There should be some form of investment.
3. The aim should be to earn maximum profit (there may be loss also in want of profit).

SHYAM SINGH said...

And the topic is finished from my side. You are free to have your own opinion.

Sanjay Bhatt said...

Shankar Sir,
How R U ?
Thanks.
I have no personal problem from anybudy.But they(T J P)can't understand others ,I already wriiten "In this comment I be a very personally but advise me." Now days I am carefully reading Mr.Chandan And Mr.Shayam comment,Becoze from their disscussion I am getting knowledge.I am nothing comment on this because I have no sufficient knowledge about this topic.

If We are not able to inspired other then O.K But We should not hurt the others.

This simple thing not understand MR.T J P then I am inviting them to serve their knowledge.

Today from this blogs paltform I would like to tell UFBU leaders:

PLEASE STOP TO PLAY WITH OUR FEELINGS.ITS INJURIOUS TO THE HEALTH.

Shankar Sir,
I know I am always not right,And nobudy can also always right.
Sorry Sir,
Now I will not written comment for T J P.
Good Night.

SHANKAR said...

Sri Sanjay Bhat-February 3, 2010 12:31 AM
Nothing wrong in expressing your views.This blog is meant for healthy discussion and to come out with improved solutions to problems of all.You need not have any feeling of regrets.
Now I would like to express my following views.All are invited to analyze the facts.
01.If you want to become the
Judge of any Court, at least
you must be a Law Graduate.
02.If you want to become
Principal of any college,at
least you must be a post
graduate.
03.If you want to become head of a
hospital at least you must be
an M.B.B.S.graduate.
04.If you want to become a Chief
Engineer in any Government
department, at least you must
be an Engineering graduate.
05.If you want to become
Head Master of a high school,at
least you must be a graduate.
06.Whereas in banks, an
undergraduate person will be
Chairman and
M.Com,LLB,C.A.I.I.B. person
will be working as a clerk.
Am I right or wrong?

tarun said...

hello friends, can any one tell me that whether I should write SBI po exam or not. am doubtful because in notification its given that there may be contributary pension as per new scheme.

am very much dual minded now because
1) I am about to complete my 2 years service in coming month. So if I wait one more year(3 years service to appear for Trainee officer exam in SBI I think) I can be an aofficer. and I will have the pension which I am already having at present.

2) SInce recruitment will be lengthy procedure which takes another 6-7 months, I will have 2.5 years of service by then. so I may have to wait for another 7-8 months to be an officer with pension.

SO I request u guys ,Please advise me whether it would be appropriate to join as probationary officer resigning the current post.
what is Contributary Pension means?

PM said...

Absolutely right.Though engineers is also there at helm of affairs of PSB as of now.It is a fact that,apart from any other sector Banking gives a career path even to clerks to be placed himself on top of the ladder,if proved his mettle.

Parameswaran said...

Dear Mr. Shankar.
Because of these matriculate chairmans our banks are standing like a rock. They have practical experience with them. Qualification alone will not suffice for taking any business decision. I have seen many people by looking at the customer they will judge about their credentials. Post Grauduates mentioned by you can only analyse papers. Present chairman of all banks have toiled like anything in those manual environment days. I can challenge no body can work in those environment.

SHANKAR said...

TO PM AND PARAMESHWARAN:-
I know what you are telling is true.But it does not mean that qualified are incapable of delivering the goods and they should be neglected.My point is that qualified also should get some or other encouragement to remain in the banking industry instead of quitting the banks after getting some training.As far as my knowledge frustration in banking industry is maximum compared to even private companies.There should be an end to it.

RENJAN said...

sir,
Any news about our new basic Pay
submitted by UFBU

Sanjay Bhatt said...

Shankar Sir,
Good topic put in field
for "Zero Hour" means upto 8-9th Febuary'2010.
continue... continue...Very well Sir.

chandan said...

Referring SHYAM SINGH 2, 2010 9:54 PM:


Dear SHYAM,

Many thanks for your detail analysis.In the analysis you agree at a point that Govt can also do business. As public sector bank, like many govt departments/ undertakings we have to also perform many social obligation, like non recovery of loan & advances. This is the main reason, for which our performances can't be exhibited in its real parameter and we employees are victim of that.

Thanks.

chandan said...

Referring tarun 3, 2010 8:19 PM:


Dear Mr tarun,

You are two years in SBI in a clerical job as you say. I think you are from CRA group joined on Dt; 24/03/2008. How ever what's your performance on 1000 SBI-PO vacancy & posting in 2008 & 3500 SBI-PO vacancy & posting in 2009 ? Had you appeared and gone upto interview?


Contributory pension is NPS, that is in force in GOI since Dt: 01/01/2004 for new recruitees.

Thanks.

T J P said...

Dear Sanjay,

I know you are right but you should also know the game of demand and supply. When SBI invited applications for 11000 clerical posts, it received more than 37 lacs applications and the exam was conducted in 6 shifts instead of 2 shifts planned initaiily. You must be aware of the reasons for this.

It was not emoluments but other factors including job safety, getting experience in public sector and work environment in private sector . It is also fact that more than 50% of them will leave job within 1 or 2 years and will move to other better jobs.

The simple law of economics says that any significant increase in supply will automitacly decrease the value / price of that particular commodity and this is what happening with the Bankig sector.

If you have ability and chances, pls try to move to some other sector, otherwise bear with us. UFBU can do nothing and IBA will do as per directives of the beurocrates sitting in MOF.

God bless to us all !

tarun said...

referng Chandan sir, February 4, 2010 1:23 AM

yes chandan sir, am a CRA(Urban & Metro batch) joined on 3rd of march 2008. I have given SBI PO 2009 (3500 vacancy) test . qualified in prelims & mains but couldnt get thru GD & interview part.
My performance wasnt upto mark I think as Vacancies were leftout unfilled keeping us aside.

does contribuory pension mean that SBI will also give some amount apart from our contribution for pension sake just like in case of PF?

thnks & regards.

Sanjay Bhatt said...

Dear T J P,
You are ebsolutely right.

Dear I have crossed 35 years age limit.
Now banking is running in my veins with blood,I can't join other sector.

If any critical condition will create and that cause I will left the bank then I will proudly choose to do Agriculture instead of other.

Thanks.

Dear,
Now days GOI and Banks or Other sectors has need for now days system(E-banking format knowledge with Marketing certificate not skill) friendly emploees with low salary then they are inviting.They know very well our oldage fellows now can't fully fit for CBS or online banking,So,they want low salry labours not employees.And they get succeed due to our country's high level of population.
Very Thanks Again.You are very right.

Don't take it personaly.May be wrong.

usha rani said...

Dear all
Please tell me any news about compassionate appointment

chandan said...

Referring tarun 4, 2010 6:40 PM:

Dear tarun,

You must appear these 4500 vacancies of SBI PO. TO may look like same as PO, but in count both are not identical before higher management, that I observe. Maximum GMs are from PO batch. There is also a complex between PO & TO. TOs are always referred as promotes, though superior to OJMs.


So what you will like?

1)Being a CGM/GM with NPS

OR

2)Being a DGM/AGM two step less than above with existing pension & cpf.

Just you decide yourself.

So far we know in NPS organisation will contribute 12% on Pay+DA to the fund manager. Till date the outcomes, like what will be the pension amount etc are not clear. For this you can also visit related web link of govt of India.

Try to score correctly at least 150-160 out of 200 in written objective paper and don't expect more than 30 in descriptive, as the same is evaluated through human-valuation. So the GD & Interview can not obstruct you to reach the goal.

You also mention your present job in application and keep your authority informed. It will help you in Interview part and will not create any technical problem. Many of your batch-mates are already posted in 3500 vacancies of last recruitment.

By the way, so far I recalled your CRA at the time of advertisement in 2007, nothing had been mentioned about metro/urban posting in the notification. In case of Semi-urban/rural it was specified. Latter on incidentally the posting came in metro/urban only, in your CRA recruitment.

If age permits, you can also apply for Combine Graduate Level-2010 of SSC. This time it is completely objective type and finds resemble with PO exams to a certain extend. For your information five candidates finally qualified in 3500 SBI vacancies didn't join in SBI and opted for SO-AUDIT of SSC.

Thanks.

karan said...

Anyone has any news that why the Officer's meeting has been postponed??please give the detail for Workmen meeting on 9th feb also

PM said...

09/02/2010 - Workmen Unions and IBA met today and some progress was made on minor issues. Major issues like Basic pay loading, sharing of pension cost between SBI and other Public sector Banks etc is yet to be decided. UFBU suggestion placed before IBA who will study it. Further date to be fixed.

tarun said...

referng Mr.Chandan, February 7, 2010 3:13 PM

thank you chandan ji for information. I am trying to figure out what wouldbe better option- to stay in bank or move out. anyway thnx again for givng ur advise

Vinay P Paramanand said...

watever all is not good...youngsters better quit and move on

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.