Saturday, May 5, 2018

Update on 11th bank bipartite meeting on 5th may 2018

 In talks today IBA made a meager offer of 2%  increase and hence it was rejected by ufbu
Details of discussion :
"1. About *'Medical Insurance* Scheme', various options were discussed at length. Discussion remained inconclusive. It was decided to have separate meeting on this issue.
2. Discussion on  Variable Pay remained inconclusive. We opposed the notion of *Variable Pay.*
3. IBA made it clear that talks will be held for upto Officer Scale III. Because of fractured mandate received from Banks.
4. Initial Offer for *Salary Revision* :
IBA said,"Due to deteriorating financial condition of Banks revealed by recent quarterly results and also  disappointing results are expected for forthcoming quarters." IBA made initial offer of *2 % hike in Pay Slip.*

We protested and refused the paltry offer. IBA asked about our expectations. We told them to go by 'Charter of Demands' , which states our expectations. We asked IBA to stop wasting time by making such offer which is mockery.

There was no  conclusion on any issue." - As detailed by the unions.


Pratima Ghosh said...

They could have said 2% reduction in salary, would have been all same, if not a bit more civilised.


Anonymous said...

Why IBA treats Bankers like scape goats? Does it abbreviates its own form thinking they are addressing"Indian Bakra Association" Is it on the behest of representatives of Fin. Ministry they are making mockery of the sincere bankers who stood by the present governments stand on demonetisation .Who is responsible for the pathetic state of Banks, distributing finance at the whims and fancies of the hi profile leaders to their vote banks, and cursing the bankers for their lean position. Bankers are put to dual pressure ,taxing the middle class and pump out the revenue recd. to the vote banks.If Central govt. and State govt. employees deserve a hi jump in their earnings , then Bankers as a very sincere employee of the banks deserve a double jump in their salary, as they do not have any UTC "Under Table Considerations" to meet their necessity .IBA please do not try to play prank on the bank employees.

Vishnu Chari said...

when you have monkeys sitting at the helm of affairs one can not expect more than peanuts....hahaha.......what else? Bankers got 2% increase in last pay revision and this time also they are offered the same level of increase. Isn't not high time and wise thing to get rid of all retired guys from negotiation.

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