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 the united forum can seek an appointment with our present fm with facts abd figures highlighting the erosion of wages. and seek his intervention .

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