Bank Bipartite : 3rd round of Talks with IBA on Wage revision held

The third round of bipartite talks, on wage revision for employees and officers, was held between Indian Banks' Association (IBA) and United Forum of Bank Unions in Mumbai recently where separate sub-committees have been formed to facilitate expeditious discussions on charter of demands put forth by the unions.

All India Bank Employees' Association (AIBEA) General Secretary Ch Venkatachalam said todaythat IBA was represented by Mr R K Thakkar, Chairman of the Negotiating Committee along with other members of their team and UFBU was represented by leaders of all constituents.

In the sub-committees for workmen, those included were --Mr Rakesh Sharma, Chairman--MD/CEO, Canara Bank, Mr HC Sati, GM, Allahabad Bank, Mr Mrityunjay Kumar Gupta, GM, Bank of India, Mr Punit Jain, GM, PNB, Mr T S Seshadri, GM, Indian Bank and Mr Ajay Kumar Singh, GM, SBI.

Mr Prashant Kumar, -Chairman--Dy.MD, SBI is included in for Officers and others were Mr UjwalKumar, GM, UCO Bank, Mr S K Chowdhary, Head-Hr, Bank of Baroda, Mr C P Giri, GM, Canara Bank, Mr B Ashok, GM, Central Bank and M K Biswal, GM, Bank of Maharashtra.

Mr Venkatachalam said the negotiating committee will discuss the common demands and issueshaving direct financial implications, the other demands relating to service conditions of employeesand officers which are of non-financial nature would be discussed in the respective sub-committeesand added IBA has solicited names from Unions who will participate in the sub-committees so that the discussions at the sub-committee level will begin at the earliest.

The AIBEA General Secretary said, UFBU welcomed the formation of sub-committees to quicken the discussions and wanted the IBA to address the main demands also simultaneously so that thefinal settlement can be concluded in time.

We also reiterated that the IBA should review its stand to restrict the discussions upto Scale-IIIofficers to which IBA had stated that the issue needs to be taken up with the concerned Bankssince IBA's decision is based on the mandates given by those banks.

On the settlement to be effective from November 1, 2017, Mr Venkatachalam said the IBA agreed to it.