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Wage Revision and HR Related Issues Discussed at AllBankingSolutions.com During 2010

(Some of the Links have been removed and others will also be removed soon and thus may not be available in future.  However, we request our readers to send us by  copying  the links below  they would like to remain permanently on the this page.  We will review the same and try to retrieve the same from our archives and place the same permanently.  Send your mail to allbankingsolutions@gmail.com )

 

 

 

Groups of PF optees:  - (uploaded on 28/08/2010)

(A) PF optees - Serving  (updated on 03/10/2010)

(B) PF optees - Retired on Superannuation / SVRS  (updated on 03/10/2010)

(C) PF optees - Resignees (updated on 14/11//2010)

(D) PF optees - Retired under schemes of VRS of specific banks (updated on 14/11/2010)

 

 

Original PENSION optees:

 

(1) Original Pension Optees - VRS group (updated on 30/10/2010)

 

Share Your Experiences In Tackling Tricky Situations during day to day banking or with management( (Started on 17/11/2010)

Our banker brothers on regular basis get entangled into trick situations while dealing with certain aggressive customers, or sometimes with even aggressive bosses or sometimes even with corrupt bosses etc etc.   Such situations being new to them, they find it difficult to tackle the same and come under intense pressures.   We have started herewith a new series, wherein the bankers can give either the specific tricky situations and / or answers to the same, i.e how did they either tackle the situation or suggest some alternatives.   Please send your answers to allbankingsolutions@gmail.com quoting the TS1 in the subject matter. You can send your trick situations  also.

Brief  of  the Tricky Situation Link to the Experience as to to How the same was / can be  resolved
TS1:  "Our executives asked BMs should stay  at the place of posting only.  Even 20 or 25 kms commuting from workplace to residence is not allowed.
They dont accept  any reasons nor give any exceptions.  Members may kindly share their experience/knowledge whether they have come across such situation,  how they have tackled and may give suggestion to overcome the problem" (Uploaded on 17/11/2010)

Experience Relating to TS1

Does Any One Has Answers for these queries: ( Started on 14/11/2010)

We sometimes receive queries / questions for which we do not have details.  However, some of readers certainly have answers for such queries / questions.  Here we will give brief of such queries / questions and and as and when answers for the same are received, we will upload the same by creating link.  Please send your answers to allbankingsolutions@gmail.com quoting the Q number in the subject matter. You can send your queries also. These should not be individual specific but relevant to a larger group of bankers.

Question / Query?

Link for Answer

Q7: Is there any time-limit to avail commutation (of course with medical test after one year)? Is second time commutation available? Answer sought in context to 2nd option for pension..

No Answers received as yet

Q6: Could anyone please throw light on whether in SBI, under SBI  Pension Rule, Adjusting Pay (for officers) to be reckoned for calculating Basic Pension. In the 8th Bipartite settlement, it is clearly mentioned that Adjusting Pay will be reckoned for DA and SuperAnnuation Benefits. Isn't Pension a superannuation benefit? (uploaded on 21/11/2010)

No Answers received as yet

 

Q5:  How to calculate Family Pension, in case of death, after opting pension for the retirees under present pension agreement dtd 27/04/2010. Read Full Query (uploaded on 21/11/2010)

Answer to Q5

Q4:  In terms of pension regulations enhanced family pension is payable for a period of maximum 7 years or till the deceased employee would have attained age of 65 yrs whichever is less.  One of my friends expired in Nov 2004 at the age of 51 yrs. Now his widow has opted for family pension.  Pl let me know till which date  his widow will receive enhanced family pension. (uploaded on 21/11/2010)

Answer to Q4

Q3: Can any one confirm 100% That the officers opting for pension in banks are eligible for pensionary benefits if VRS is sought now. KINDLY CONFIRM BY EXAMPLES ETC. (uploaded on 17/11/2010)

Answer to Q3

Question-Answer - Archive

(a) Akhil Bhartiya Bank Karmi Jagruk Sangharsh Sangh is holding its National Convention at Kanpur on 10/10/2010 at 10:10 Hours (email received from  kamlesh.chaturvedi@yahoo.com  Click for :     Details I;   Details II (Updated on 05/10/2010)

(b) Formation of All India Joint Action Committee of Bank Employees and officers and demands of All India Bank Employees Unity Forum

Individual Fitment / Stagnation Increment Problems: (Started from 24/10/2010)

We have been receiving emails from some of readers who have been sending their individual stagnation increment / fitment in new salary etc problems.  In view of the constraints due to non availability of indivudal bank's circular and resources at our end, we are not able to advise them individually.  Therefore, we have decided to upload these under this head, and request our readers who have good knowledge about the fitment on promotion / new salary scales to help them by responding to their queries directly:-

 

 

Problems Relating to certain Special Groups :

 

 Appeal to SBI from non-pensioners of SBI VRS 2001 (Uploaded on 23/10/2010)

Replies to various questions relating to IBA by different banks (Syndicate; OBC; Dena, CBI, BOI) - (uploaded on 26/12/2010)

  Appeal to Mr Pradeep Kumar, Supreme Court Advocate  - Case of VRS Retirees - (uploaded on 17/12/2010)

Article : FINANCIAL INCLUSION  -  ANOTHER  SUICIDAL ACTIVITY  BY  BANKS?  (uploaded on 17/12/2010)

SALARY LOSS TO CPF EMPLOYEES AS CONTRIBUTION TOWARDS INCREASED COST OF PENSION FOR SALARY INCREASE IN WAGE REVISIONS  (uploaded on 16/12/2010)

Late Sitting in Banks (uploaded on 16/12/2010)

 RBI  TOO DODGES REPLY  TO  QUESTION  ABOUT  IBA'S  STATUS  -   Important Questions sent to RBI in  RTI application and responses received from RBI  (uploaded on 14/12/2010)

WHY  UNIONS  ARE  ALLOWING  INDIVIDUAL  BANKS  TO  INTERPRET  THE  SETTLEMENT  AS  PER THEIR OWN WISHES (uploaded on 14/12/2010)

SILENCE OF UFBU AND OTHER UNIONS ON HUE AND CRY BY BANKMEN AND BANK RETIREES ON WAGE REVISION AND 2ND OPTION OF PENSION (uploaded on 14/12/2010)

Appeal by AIBEUF and Writ Petition filed at Kolkatta (uploaded on 14/12/2010)

 Tax Benefit on contribution to pension funds ? (uploaded on 13/12/2010)
 

Consumer Court verdict on Pension to VRS Optees (uploaded on 13/12/2010)

Illegal recovery in the name of funding the Gap in Pension Funding from the retired  Bankers and from the working Bank Employees. (uploaded on 13/12/2010)
 

Humiliation of  Bank employees / retired bankers  (uploaded on 13/12/2010)

 CORRUPTION - THE BURNING ISSUE OF THE DAY - Articles by D. Jain (uploaded on 13/12/2010)

PIL filed at Mumbai now listed for admission on  21st December, 2010 (uploaded on 13/12/2010) - No link provided

WHAT SHOULD BE THE INCREASED COST OF PENSION ON INCREASE OF SALARY IN SETTLEMENTS? ANY CORRECTIONS OR SUGGESTIONS? - PART II (uploaded on 07/12/2010)

N. Pradeep Kumar, Supreme Court, Advocate, now has sent PART III of his arguments about the status for entitltement to Pension option for.  Employees who retired between 29.9.1995 abd 26.4.2010 (uploaded on 07/12/2010)

Status of PIL filed at Mumbai High Court listed for admission on 2nd December, 2010 (uploaded on 07/12/2010)

New Article by NSN Reddy (uploaded on 07/12/2010)

Schedule of Various Banks for 2nd Pension Option (uploaded on 07/12/2010)

 

News in Brief:

Kiritkbhatt bhatt <kiritsbhatt@yahoo.co.in> has informed that "IOB  has permitted netting  and also medical certificate valid issued by any MBBS doctor instead of Civil Surgeon.  Great relief to IOBIAN".  (Uploaded on 31/10/2010)

 +++++++++++++++++++++++++++

ANOMALIES IN THE PENSION SCHEMES FOR EXISTING PENSIONERS (uploaded for first time on 29/08/2010. To be updated as and when more views are received) - Last updated on 28/08/2010

ANOMALIES IN STAGNATION INCREMENTS, SALARY REVISION OF OFFICER EMPLOYEES. Last updated on 06/09/2010

 

 

N.Pradeep Kumar, Supreme Court, Advocate now has sent Part II of his arguments about the status for entitlement to Pension Option for Employees Who retired between 29.9.1995 and 26.4.2010.  READ NOW.  (Bankers are able to get such detailed and indepth arguments free of cost from such a senior advocate like Mr Kumar, and it is available only at allbankingsolutions.com) (Uploaded on 21/11/2010)

United Forum of Provident Fund Optees, Maharashtra, meeting at Mumbai on 18/12/2010 - A jmeet of All those involved in the quest for justice in matter of the discrimination and denial to the PF optees in the recently inked Pension settlement. -  Uploaded on 21/11/2010)

Is IBA not cheating widows in the name of Family Pension?  - Disappointing Family Pension settlement  (Uploaded on 21/11/2010)

Are Bank Employees  Again Been Cheated? - Analysis  of Banks Balance Sheet as on 30/09/2010 to check whether banks have deposited their share towards pension fund.  Let bank unions reply to these? (Uploaded on 17/11/2010)

Case Filed At High Court of Karnataka by UFOPFO - Principal Bench at Bangalore - Full text of Writ now available for every banker (Uploaded on 17/11/2010)

Kerala High Court Judgment (dtd 14.09.2010) directing  SBI to make payment of Pension to all pensioners who retired prior to 1.11.2002 on the same basis as done in respect of post 1.11.2002 pensioners. Sent by <sssharma3@gmail.com>(Uploaded on 17/11/2010)

N. Pradeep Kumar, Supreme Court, Advocate gives free and frank legal opinion about the status for entitlement to Pension Option for Employees Who "Retired" between 29.9.1995 and 26.04.2010.  READ NOW - Part I of the Series of Articles for the benefit of bankers across the country. (Uploaded on 14/11/2010)

STATUS OF THE PIL  FILED  IN MUMBAI HIGH COURT  AND BACKGROUND OF THE CASE - Next hearing on 25/11/2010- (Updated on 14/11/2010)

AIJACBEO and INBEF Views - Committee to Review Wages should Consider Higher Wages at all levels - not merely at Top Executive Level; (Updated on 14/11/2010)

DA merger formula across various settlements.  Need to review the same for retirees (Uploaded on 14/11/2010)

DA for November, December, 2010 and January, 2011 - Our Projections are again on dot - 6th time in a row !!! (uploaded on 29/10/2010 at 21.00 Hrs) - Are we first to announce this?)

 

Circulars issued by different banks for 2nd Pension Option:- (If your bank name does not appear here and circular for 2nd pension option has been issued by your bank, you may forward the circular to us at allbankingsolutions@gmail.com  so that all serving bankers, ex-bankers, families of the deceased bankers can benefit from the same) - However, we advise all PF optees to contact their respective banks to know the details of the procedure for opting 2nd pension option and get authenticated copy of the circular.  We will not respond to any email asking further bank wise details.

(A) Canara Bank

(B) Punjab National Bank

(C) UCO Bank

(D) State Bank of Mysore

(E) Oriental Bank of Commerce

(F) Bank of India

(G) Union Bank

(H) Indian Overseas Bank

(I ) Corporation Bank

(J) Indian Bank

(K) Dena Bank

(L) Punjab &Sind Bank

(M) Andhra Bank

(N) United Bank of India

(o) Central Bank of India

(P) ING Vysya Bank

(Q) Bank of Baroda

(R) Vijay Bank

(S) Syndicate Bank

(T) Allahabad Bank

(U) State Bank of Bikaner & Jaipur

(V) Bank of Maharashtra

(W) State Bank of Hyderabad

(X) State Bank of Patiala

(Y) State Bank of Travancore

(Z)

 

 HAPPY DIWALI  TO  ALL OUR  READERS

 

Click for Some Diwali Puja --->   Lakshmi and Ganesh Puja Card       Diwali Aarti for Lord Ganesh Card      Maa Laxmi Aarti  

A Landmark Decision by Central Information Commissioner -  Employee Has Right to Know where his PF funds are being invested.   (uploaded on 27/10/2010)

 NEW ARTICLE BY NSN Reddy ADDED : Banks & New Licensing Policy -    Are we heading to U turn? (uploaded on 27/10/2010)

Let PF optees Opt for Pension Option Pending Legal Cases (Uploaded on 27/10/2010)

What should be the increased cost of pension on increase of salary? (Uploaded on 25/10/2010)

Important Replies under RTI by Syndicate Bank regarding cost of pension monitoring mechanism.  (Uploaded on 24/10/2010)

AIBOC writes to IBA for settling Long Pending Issues relating to wage revision  (Uploaded on 24/10/2010)

CANARA  BANK  OFFERED  SOFT   LOAN  TO PF OPTEES TO  PAY FOR THEIR 156% REFUND AMOUNT (Uploaded on 24/10/2010)

Calculator for calculating Pension, Commutation, Load and Arrears under New Pension Option - Excellent tool developed by Bank of India team (Uploaded on 24/10/2010) -Also comments  updated on 31/10/2010

STATUS OF THE PIL  FILED  IN MUMBAI HIGH COURT  AND BACKGROUND OF THE CASE (Uploaded on 23/10/2010)

IN DISCRIMINATORY IMPLEMENTATION OF GRATUITY WITH PROSPECTIVE DATE -- REPLY FROM LABOUR MINISTRY(Uploaded on 23/10/2010)

 MINISTRY OF LABOUR & EMPLOYMENTS REFUSES TO CONSIDER CHANGE IN THE DATE OF ENHANCEMENT OF GRATUITY FOR BANKERS  (Uploaded on 17/10/2010)

Update for Writ Petition (civil) 25 of 2005 in Supreme Court filed by Shri N Pradeep Kumar (Uploaded on 16/10/2010)

  • )

Problems Relating to certain Special Groups :

 

 Appeal to SBI from non-pensioners of SBI VRS 2001 (Uploaded on 23/10/2010)

 

+++++++++++++++

NOW SEE HOW IBA AND BANKS ARE DISTORTING THE TERMS OF THE SETTLEMENT TO DENY THE DUE SHARE OF PF OPTEES: 

(a) The VRS / Resignees have been denied the 2nd pension option; - Part I;     Part II;    (uploaded on 29/08/2010)

(b) Confusion about the date to be considered for commutation of the pension  (uploaded on 29/08/2010)

(c) Why Amount to be Received from commutation of the pension is not being allowed to be  adjusted against the Amount to be Returned by 2nd Pension optees? (uploaded on 29/08/2010)

+++++++++

DISCUSSIONS / CLARIFICATIONS SOUGHT BY READERS ON THE CIRCULARS ISSUED BY DIFFERENT BANKS (uploaded on 29/08/2010)

PIL filed in High Court against 9th Bipartite Settlement & Joint Note (Uploaded on 09/10/2010)

Letters Recently Sent to Various Authorities by our Readers Regarding Wage Settlement / Pension Issues (Uploaded on 09/10/2010)

How Much Retirees are Made to loose in Every Settlement (Uploaded on 09/10/2010)

DISCRIMINATORY IMPLEMENTATION OF GRATUITY ACT 2010 WEF 24/5/2010 FOR BANK INSTEAD OF WITH RETROSPECTIVE EFFECT  (Uploaded on 09/10/2010)

New Committee for Salaries - What can be done for bankers - Should it be performance linked (Uploaded on 09/10/2010)

There is a need for ONE class of pensioners for all the existing pensioners. (Uploaded on 08/10/2010)

Plight of Bankers who took VRS after Joint Note (Uploaded on 06/10/2010)

Orissa High Court gives stay to Parsuram Mohanty for recovery of 56% (Uploaded on 05/10/2010)

 (a) Akhil Bhartiya Bank Karmi Jagruk Sangharsh Sangh is holding its National Convention at Kanpur on 10/10/2010 at 10:10 Hours (email received from  kamlesh.chaturvedi@yahoo.com  Click for : Details I;   Details II (Updated on 05/10/2010)

E-MAILS  RECEIVED  FROM  VARIOUS  READERS ABOUT WAGE REVISION / PENSION OPTION  (Uploaded on 04/10/2010)

WHAT IS THE LIKELY DEARNESS ALLOWANCE INCREASE FOR BANK OFFICERS FROM NOVEMBER, 2010 (Uploaded on 03/10/2010)

DENIAL  OF  PENSION  OPTION  TO  ALL  RETIREES / RESIGNEES IS ARBITRARY ACT OF IBA  WHICH IS ILLEGAL, ILLOGICAL AND AGAINST COURT DECISIONS (Uploaded on 03/10/2010)

Existing Retirees of Banking Industry (Uploaded on 03/10/2010)

Discrimination in implementation of the Gratuity Act(Uploaded on 03/10/2010)

Fight for higher salaries - Our Struggle has not gone waste - Success is on its way!! (Uploaded on 03/10/2010)

Update for case filed at Supreme Court by N Pradeep Kumar vs Bank of India & others (Updated on 27/09/2010)

Recent Amendments in Pension regulations by some banks - Check whether these affect you?  (Updated on 27/09/2010)

An appeal to all operating unions in banking industry (Updated on 27/09/2010)

Letter to IBA by Retirees under VRS Scheme of Canara Bank(Updated on 27/09/2010)

Why Bonus Payment is denied to Bank employees (uploaded on 11/09/2010)

Court case at Jaipur (uploaded on 11/09/2010)

All India Protest Day - 18th September, 2010 - Joint Action Committee of Bank Employees  & Officers  (uploaded on 11/09/2010)

Penalty of being elder by 3 days ? (uploaded on 06/09/2010)

Plight and Various Issues of PF optees  (uploaded on 06/09/2010)

Appeal to Finance Minister to extend pension option to all voluntary retired employees and do not deduct amount for offering 2nd pension option.(uploaded on 06/09/2010)

Why different banks are adopting different procedures - INCONVENIENCE   to Senior Citizens Retirees (uploaded on 05/09/2010)

 

Pension option for Retirees Under normal VRS - Legal Position (uploaded on 03/09/2010) by V Srinivasan

Senior Retired Pensioners - How Much they are losing due to Anti Senior Policies of IBA  (uploaded on 03/09/2010)

VRS optees - Pension option denied by IBA and cheated by union leaders  (uploaded on 03/09/2010)

Attention Retired PF optee Employees - Do you know how much you actually lost since your retirement? (uploaded on01/09/2010)

Amazing Profits by Banks but Alleged Poverty for Betraying Senior Citizens (uploaded on01/09/2010)

Update for case at Supreme Court which was listed for 27th August, 2010 (uploaded on 30/08/2010)

Update for case at Madras High Court - Canara Bank Workers Union - (uploaded on 30/08/2010)

Latest feedback / news on 2nd Pension option (to be updated as and when the same is received (last updated on 17/08/2010)

Canara Bank Workers Union : The war on discrimination  is a  long drawn one  (uploaded on 17/08/2010)

 

Legal Opinion / Decisions For Issues Relating to Officers / Workmen:

(a) Pension Scheme must provide for the pension should be able to live at a standard equivalent to Pre-retirement level;

(b) Denial of pension option to resignees of PSUs is unconstitutional? - Part I

(c) DENIAL OF PENSION OPTION TO RESIGNEES OF PSBs IS UNCONSTITUTIONAL - PART II.

ISSUES RELATING TO RETROSPECTIVE AMENDMENT OF PAYMENT OF GRATUITY ACT :

 APPEAL  TO  PRIME  MINISTER OF INDIA, PRESIDENT OF INDIA ETC. FOR IMPLEMENTATION OF GRATUITY ACT 2010 w.e.f. 01.01.2006 INSTEAD OF 24.05.2010 (uploaded on 02/07/2010)

An Appeal by Dr Sanjeeva Reddy, MP for extending the benefits of enhanced gratuity to workers who retired between 2006 and 2010  (uploaded on 26/06/2010)

LODGE YOUR PROTEST AGAINST DISCRIMINATORY IMPLEMENTATION OF GRATUITY ACT-2010 (uploaded on 13/06/2010)

BANKERS  MUST PROTEST  AGAINST THE DISCRIMINATORY ATTITUDE OF GOVERNMENT IN  IMPLEMENTING  THE  AMENDMENT IN GRATUITY ACT 2010 (uploaded on 07/06/2010)

Amendments in Payment of Gratuity Act - Enhancing the gratuity limit to Rs. 10 lacs wef 24/05/2010 - Copy of notification

+++++++++++++++++++++++++++++++++

RTI Related Issues :

IBA IS NOT A PUBLIC AUTHORITY  UNDER  RTI ACT (uploaded on 28/05/2010)

Model Questionnaire for information under RTI(uploaded on 21/05/2010)

IBA vs RTI - Is IBA bound to give information?(uploaded on 21/05/2010) (See above updation dated 27/05/2010)

For Attention of Union Leaders - Individual Anomolies in 9th BP Settlement as Reported by Readers

(a) Anamoly in BP of scale - iii officers in new BP (uploaded on 02/07/2010)

 

Calculators  Relating to Pension in Banks:

Compromise tool for fixation of  Basic Pension of pension optees, whose 10 months pay lies in 2 bipartites. by Ramachandra Shenoi (email address of developer -  veearess@gmail.com) (updated and uploaded on 10/06/2010)

Dearness Allowance Ready Recknor  for Pensioners in Banks  (uploaded on 10/06/2010)

How Long PF amount can last?

Whether Pension option is profitable [ PF vs. Pension]

 Other Details Relating to Pension in Banks

(iii) Overview of Pension facilities in banks

(iv) WHO  ARE  ELIGIBLE  FOR  PENSION  OPTION  AND  HOW  MUCH  THEY HAVE TO CONTRIBUTE  

Saral Form in Excel - Tax Return for FY 2009-10 (Ver 1.7)  by Ashwani Suri  (updated  on 22/07/2010)

SALARY ARREAR CALCULATORS:  In the initial stages, we uploaded an arrear calculator developed at our end.  Soon we received some good calculators developed by our readers.  In view of scare resources at our end, we decided to promote the calculators developed by our readers / fellow bankers.  They received hundreds of suggestions from our readers.  They kept on upgrading the same by devoting lot of their precious times.  AllBankingSolutions.com salutes all of them for their efforts, energy and time.  Now most of the banks have paid the arrears.  Thus, we are removing these calculators from the main page.  However, if any reader still needs the same, please CLICK HERE : Arrear Calculators Main Page (uploaded on 04/07/2010)

 REAL ISSUES  BEHIND  THE  PRESENT  PATHETIC  SITUATION  OF  HONEST BANK  OFFICERS  WHO  ARE  BEING  DRIVEN  TO  SUICIDE / DEPRESSION (uploaded on 08/08/2010)

Likely Formats for giving option by serving and retired employees  (uploaded on 11/08/2010)

Why GMs / DGMs in banks behave in nasty manner?  Are Officer's Association now working for Officer's Assassination? (uploaded on 08/08/2010)

Final Points in favour of PF optees(uploaded on 08/08/2010)

 New Salary of Bank officers Vs Likely salary officers in LIC ;   New Salary of Bank Workman Staff vs Likely salary of Assistants in LIC -  (uploaded on 08/08/2010)

 Are Bank  Employees now asking Banking Management to refund the "LEVY"  deducted from their salary without proper authority? (uploaded on 06/08/2010)

 Good News : Case relating to updation of pension (pensioners who are already drawing pension) - Final Hearing In Supreme Court on the Writ Petition Filed by Mr N Pradeep Kumar  (uploaded on 06/08/2010)

DA for August, September, October 2010 for bank staff  - our projections are once again on dot!! (uploaded on 30/07/2010)

What happened on 10th August, 2010 at Madras High Court -  WRIT APPEAL - STAY VACATED. (uploaded on 10/08/2010) [Also updated on 11/08/2010]

Update for Madras High Court cases - What happend on 9th August, 2010 -  (uploaded on 09/08/2010)

Update on court cases at Madras High Court -  What happened on 6th August, 2010(uploaded on 07/08/2010)

MORE  DETAILS  ABOUT  HOW PF OPTEES ARE BEING  MISGUIDED AND  COERCED TO GIVE UNDERTAKING FOR VOLUNTARY DEDUCTION OF 2.8 TIMES OF THE SALARY FOR NOVEMBER, 2007 (uploaded on 03/08/2010)

A DAUGHTER  IS  WORRIED  FOR  HER BANKER  FATHER  (uploaded on 02/08/2010)

UPDATE  ON Court case at Madras High Court - What happened on 02/08/2010  (uploaded on 03/08/2010)

 ARE  BANK  MANAGEMENT  AND  AIBEA   PRESSURIZING  PF  OPTEES  TO  GIVE  OPTION  TO  DEDUCT  2.8  TIMES OF THE NOVEMBER 2007 SALARY?  (uploaded on 02/08/2010)

COMPARISON  OF  NEW SALARY  STRUCTURE   IN  BANKS  AND  THE  LIKELY  NEW  SALARY  STRUCTURE   IN  LIC   (uploaded on 02/08/2010)

Update of court case at Madras HC ; Why union leaders are sleeping over the issue (uploaded on 31/07/2010)

Bank Manager Commits Suicide  - Alarming situations for the Bank officers (uploaded on 31/07/2010)

Update on Court Case at Madras High Court - What happened on 5th August, 2010 (uploaded on 05/08/2010)

UPDATE ON COURT CASE AT MADRAS HIGH COURT - WHAT HAPPENED ON 04/08/2010 (uploaded on 04/08/2010)

UPDATE  ON Court case at Madras High Court - What happened on 03/08/2010  (uploaded on 03/08/2010)

Has IBA moved Madras High court (Division Bench) for vacation of the stay? (uploaded on 01/08/2010)

Update on case filed at Madras High Court (Uploaded on 25/07/2010 )

What  Should  Bankers  Who  Have  Retired Between 01.11.2007 and 30.04.2010  DO? (Uploaded on 25/07/2010 )

Protest Against Injustice Is Necessary by Danendra Jain ( Uploaded on 23/07/2010 )

Media coverage of protests held on 19th July, 2010 in UP :        Part I,        Part II,        Part III  (Uploaded on 23/07/2010 )

 HOW MUCH A PF OPTEE HAS LOST FOR SERVICING PENSION  FROM THE THREE  WAGE REVISIONS?   - AN OPEN LETTER TO IBA CHAIRMAN  ( Uploaded on 23/07/2010 )

Madras High Court Update : Postponed and now listed for 23rd July, 2010 ( Uploaded on 22/07/2010 at 23.20 Hours)

REPLIES  TO  QUESTIONS  RELATING TO  PENSION  under RTI, BY MINISTRY OF  PERSONNEL  ( Uploaded on 21/07/2010 )

Views on Mr Pradeep Kumar's suggetion that bankers should not rush to High courts etc. ( Uploaded on 21/07/2010 )

There is No Point in Rushing to the High Courts - Ultimate Losers are the PF Optees  -  Pension is the Best Possible Social Security Measure  - by Pradeep Kumar, Supreme Court Advocate (Uploaded on 15/07/2010)

WHAT IS THE LIKELY DEARNESS ALLOWANCE INCREASE FOR BANK OFFICERS FROM AUGUST, 2010 (uploaded on 12/07/2010)

Madras HC case update - Hearing not held on 15/07/2010 (uploaded on 15/07/2010, at 23.30 Hrs.)

Dear Junior Please appeal to reason not to emotions  (uploaded on 15/07/2010)

Court case - update for 14/07/2010 - Hearing not held (Revised and uploaded on 14/07/2010 at 23.40 Hours)

Bare facts about contribution from all toward pension option of PF optees - Support the cause of juniors.  (uploaded on 13/07/2010)

True Status of A Bank Officer Today.   (uploaded on 12/07/2010) -  by Danendra Jain 

 

 How Fate Changes in ONE Second uploaded on 12/07/2010)

Mr. C H VENKATACHALAM  Replies to some of the queries raised by Mr. Rayasam Govind (uploaded on 04/07/2010)

Part III : More Replies of our Readers to the charge of Mr Agarwal that we are running hate mail campaign against UFBU leaders (uploaded on 04/07/2010)

Part II : More Replies of our Readers to the charge of Mr Agarwal that we are running hate mail campaign against UFBU leaders (uploaded on 01/07/2010)

Full Text of the Writ Petition sent by Canara Bank Workers Union (uploaded on 30/06/2010)

Replies of our Readers to the charge of Mr Agarwal that we are running hate mail campaign against UFBU leaders (uploaded on 28/06/2010)

Pay levy of Rs.5 only (uploaded on 28/06/2010)

IS ALLBANKINGSOLUTIONS.COM  Running a hate mails against leaders of UFBU?   Do you agree?  WE REQUEST OUR READERS TO RESPOND to email id upbeulko@gmail.com (uploaded on 27/06/2010) -  Link to the Replies is given above

Court case postponed even on 09/07/2010 (uploaded on 09/07/2010 - Revised on 10/07/2010)

UNITED FORUM OF PROVIDENT FUND OPTEES. WEST BENGAL - Details of the 1st General Meeting held at Kolkatta on 03.07.2010 (updated  on 10/07/2010)

Will Union Leaders be able to face their cadres? (uploaded on 08/07/2010)

Court case at Madras High Court - HISTORICAL EXPOSURE - DUPLICITY  BY  AIBEA / NCBE LEADERS IS NOW FULLY EXPOSED

Update for Madras HC hearing for 06/07/2010 (uploaded on 06/07/2010)

WHAT BANKERS WANT NOW FROM Mr. C H VENKATACHALAM  (uploaded on 04/07/2010)

A STRONG PITCHED LETTER TO PRIME MINISTER FOR RESTORING THE PENSION OPTION TO PF OPTEES WITHOUT ANY ADDITIONAL BURDEN ON THEM - by Ashok Goel(uploaded on 03/07/2010)

PROTEST  LETTER  GIVEN  TO  CANARA  BANK  BY  CANARA BANK WORKERS UNION  for  DEDUCTION OF 2.8 TIMES OF THE PAY OF NOVEMBER 2007  FOR THE PF OPTEES INSPITE  OF THE  STAY ON THE SAME BY MADRAS HIGH COURT (uploaded on 02/07/2010)

 UPDATE  ON THE  ORDERS  ISSUED  BY  VARIOUS  HIGH COURTS AGAINST RECOVERY OF  2.8 TIMES OF NOVEMBER 2007 PAY (uploaded on 02/07/2010)

"Asli Chehra"  -  TRUE FACE OF BANK UNIONS  (uploaded on 01/07/2010) - Let us see who is with the workers and who is opposed to them.

Update on the Interim Stay of Madras High Court - case filed by Canara Bank Workers Union(uploaded on 30/06/2010)

Court case postponed to 13th July, 2010 and listed at Sl No . 30 - Hopefully it will be taken up by Court on that day.(uploaded on 12/07/2010 at 23.30 Hours)

Court case postponed to 14th July, 2010 - But ....(uploaded on 13/07/2010 at 23.40 Hours)

Court case postponed (uploaded on 08/07/2010)

Court case now listed for 08/07/2010 (uploaded on 07/07/2010 at 23.20 HRs)

United Forum of PF Optees, West Bengal : 1ST MEETING AT ANGLO GUJRATI HALL, KOLKATA ON 03.07.2010 AT 2.30 PM (Uploaded on 29/06/2010)

Draft copy of the Memorandum to be sent to Members of Parliament by United Forum  for PF optees (Tamil Nadu) - (Uploaded on 26/06/2010)

PENSION IN BANKS SCHEME OR SCHEMING BY UFBU read AIBEA - An article by United Forum of PF Optees (Tamil Nadu) - (Uploaded on 26/06/2010)

UNITED FORUM OF PF OPTEES (TAMILNADU) - Now on membership drive.  (uploaded on 16/06/2010)

Bank employees thoroughly cheated -  A good and summarised article by Mr Kini of Corporation Bank Employees Guild (uploaded on 28/06/2010)

Union leaders now want to use  PF OPTEES'   Money to fight against them. (uploaded on 28/06/2010)

We are ready to support all those who have obtained interim stay by Madras High Court by Danendra Jain (uploaded on 27/06/2010)

News About Interim Stay as it appeared in The Hindu;   The Indian Express (uploaded on 27/06/2010) - Links sent by Canara Bank Workers' Unions.

Interim Stay Granted by Madras High Court (uploaded on 27/06/2010);

Update on Pension option (26/06/2010)

Honourable Former Judge, Supreme Court, V R Krishna Iyer Sends A letter to FM, Shri Pranab Mukherjee, advocating Removal of Anomalies in the recent agreement with IBA for Fresh Option for the Bank Employees (uploaded on 24/06/2010)

Some good articles on the analysis of wage - revision and what needs to be done (last updated on 13/05/2010)

History of Bipartite Settlements and links (last updated on 02/05/2010)

Hon'ble Allahabad High Court has issued notice to Indian Banks Association and Union of India  (uploaded on 13/06/2010)

Progress in UP and What Needs to be Done Now (uploaded on 13/06/2010)

EXISTING PF OPTEE EMPLOYEES TO WAIT AND WATCH BEFORE PUTTING IN PAPER (uploaded on 13/06/2010)

Is There A Scam In Pension Fund Trusts of Bank Employees?  Is Top Management of the PSBs is Responsible for the Same? (uploaded on 10/06/2010)

Suggested Guidelines for statutory central Auditors of banks to check the bank employees pension fund. uploaded on 10/06/2010)

IS Management of Some banks  in collusion with unions for deducting of levy from the arrears?(uploaded on 08/06/2010)

DO YOU KNOW  WHY  PENSION  FUND  IN BANKS IS ALWAYS IN SHORTAGE? WHO ARE THE CULPRITS? - Unions should issue White Paper on pension issue.  (uploaded on 08/06/2010)

Supreme Court (Law cases) on revision and updation of pensions -  By Supreme Court lawyer (uploaded on 08/06/2010);

WHY RESIGNEES SHOULD SUFFER WHEN BANK FORCED PF OPTEES  TO RESIGN INSTEAD OF VOLUNTARY RETIREMENT uploaded on 7/06/2010)

IBA has issued communication to the Member Banks to implement and pay the arrears of salary. (uploaded on 7/06/2010)

Implementation Status for officers settlement - Government clears it in principal.(uploaded on 7/06/2010)

 PENSION  OPTION CAN  BE PITFALL FOR PF OPTEES OF VRS - 2000.  READ THE TERMS AND CONDITIONS CAREFULLY BEFORE YOU TAKE THE PLUNGE(Uploaded on 03/06/2010)

News reports about demonstration by Bankers at Bank of Baroda,  Kanpur on 12th June, 2010 (uploaded on 16/06/2010)  - News1, News2, News3, News4

Bankmens' Forum for justice at Kerala (uploaded on 06/06/2010)

UNITED FORUM OF PROVIDENT FUND OPTEES, MUMBAI meeting at Mumbai on 12/06/2010 (uploaded on 03/06/2010)

(a) Canara Bank Staff Federation - A new organisation (uploaded on 28/05/2010)

(b) Convention of All India Bank Karmi Jagrook Sangharsh Sangh At Kanpur (uploaded on 27/05/ 2010)

Information Booklet of All India Bank Karmi Jagrook Sangharsh Sangh

News reports about demonstration by Bankers at Kanpur on 5th June, 2010 (uploaded on 08/06/2010)  - News1, News2, News3

Implementation Status of 9th Bipartite Settlement (uploaded on 31/05/2010)

NOW C.H. VENKATACHALAM CRITICISES 6th PAY COMMISSION AND SAYS 9TH BIPARTITE SETTLEMENT IS SUPERIOR  (uploaded on 30/05/2010)

RETIREES-BE READY FOR REPRISAL (uploaded on 30/05/2010)

Delhi High Court Issues Notices to Union of India and IBA (uploaded on 29/05/2010)

Sinister Role of Bank Unions Exposed (by N Pradeep Kumar, Supreme Court Advocate) (uploaded on 28/05/2010)

I HAVE BEEN PAID ARREARS IN NEGATIVE. (uploaded on 28/05/2010)

Plight of Bank Employees(uploaded on 28/05/2010)

GRATUITY  LIMIT INCREASED TO Rs. 10 LAKHS EVEN FOR BANKERS (uploaded on 27/05/2010)

What should be now done by bankers? (uploaded on 21/05/2010)

DO YOU KNOW - HOW MUCH A PF OPTEE HAS LOST FOR SERVICING PENSION  FROM THE THREE WAGE REVISIONS? (uploaded on 16/05/2010)

UNION LEADERS  HAVE CHEATED US.   DO NOT PAY LEVY.  JUDICIARY IS THE ONLY ALTERNATIVE (uploaded on 16/05/2010)

VIEWS  / Queries   OF  THE  READERS  FOR THE WEEK  ENDING 15/05/2010 (uploaded on 16/05/2010)

Why bankers did not opt for pension in 1995?

ZOR SE BOLO- HAMARI UNION - ZINDABAD,  ZINDABAD (uploaded on 12/05/2010)

Stop Malai (cream) of Your Netas - A serious attempt to consolidate the issues and actions (uploaded on 12/05/2010)

Communication to All Bank employees whether PF Optees or Pension Optees -Comprehensive analysis of various issues (uploaded on 11/05/2010)

We have launched different forums (see Home page - with a new flavour) (uploaded on 10/05/2010)

BEFI  SPILLS  THE BEANS - WHAT  HAPPENED  BEHIND  THE CURTAIN  BETWEEN 13TH APRIL AND 27TH APRIL, 2010(uploaded on 07/05/2010)

Honourable V R Krishna Iyer Supported the Cause of PF optees And Wrote to Prime Minister, Mr Manmohan Singh (uploaded on 05/05/2010)

Mass Resignation and anti union current is continuing - New list of resignees (uploaded on 05/05/2010)

EVERY  BANKER  IS  PROUD  OF BASANT  SINHA  ROY  (Reported by Mr PK SHYAM FROM SILIGIRI) (uploaded on 19/05/2010)

BANKERS ACTUALLY  DESERVE  MORE  THAN  WHAT  THEY  HAVE DEMANDED (uploaded on 05/05/2010)

UNIONS ARE  PUSHING THE MEMBERS TO BE OPPORTUNISTIC (uploaded on 05/05/2010)

Few Disturbing Facts About This Historical Settlement (uploaded on 05/05/2010)

It is day light robbery for PF optees (uploaded on 04/05/2010)

Why bankers do not deserve more? - New Twist to bankers demands. (uploaded on 04/05/2010)

Why bankers are agitated? (uploaded on 04/05/2010)

 WRIT PETITION IN THE SUPREME COURT OF INDIA FOR UPDATION OF PENSION (uploaded on 03/05/2010)

Uttar Pradesh Leads in Resisting the Unfair New Settlement (uploaded on 02/05/2010)

 FORUM TO FIGHT FOR GETTING JUSTICE TO RETIRES BETWEEN 1.11.2007 & 27.04.2010 (Part 1)  (uploaded on 02/05/2010)

 Mass Resignation Has Now Begin in a Big Way.  Demonstrations all over the country (uploaded on 01/05/2010)

Who is to be Blamed for the Mess Created by Increasing the Contribution of PF optees?   (uploaded on 01/05/2010)

PF OPTEES - WHY  THEY  ARE UNHAPPY (uploaded on 01/05/2010)

 

DA for the months of May, June, July, 2010 (as per new scales) (uploaded on 01/05/2010)

APPEAL  FOR  SENDING  AUTHENTIC  MATERIAL  ABOUT  SHARING  OF COST OF PENSION DURING  the course of 7th and 8th Bipartite Settlement (uploaded on 14/07/2010)

 
 SPECIAL SECTION:We  introduced this special section for few days to focus attention as to how a single banker (Mr CN Venugopalan) fought for the rights of the bankers. However, union leaders kept on sleeping even as wrote articles and sent them letters during negotiations stretching for more than 30 months

(a) Background to Letter of Honourable Justice V R Krishna Iyer to Prime Minister; (uploaded on 15/06/2010)

(B) CN VENUGOPALAN wrote a convincing letter to AIBOC in March 2006? Do their leaders remember that? If not, now all have the opportunity to read this letter.  -"It is legally established position that when the terms of a tender are revised materially, each bidder should be given a fresh chance to bid" (uploaded on 16/06/2010)

(c)NOW LET EVERYBODY  KNOW WHO  SENT US THE COPY OF THE LETTER WRITTEN BY HONOURABLE JUSTICE V R KRISHNA IYER (uploaded on 16/06/2010)

 (d) CN Venugopalan wrote article in Dec-2006 - Indian Banking Sector: A saga of labour unrest (uploaded on 22/06/2010)  - Parliamentarians draw a pension despite subsequent ouster from office on public disapproval, one finds no reason how a bank man who serves his full life time for the institution can be denied his Pension;

(e) Bankrupt Bankers and Irrelevant Trade Unions & Ill fated employees - an old article by CN Venugopalan (uploaded on 25/06/2010) 

(f) The elephants walk behind the mahout without knowing its power. Letter written by CN Venugopalan on 9th July, 2008 to CH Venkitachalam  (uploaded on 25/06/2010) 

g)  Letter sent by CN Venugopalan to IBA Chairman in 2008  (uploaded on 27/06/2010) 

(h)Letter sent by CN Venugopalan to UBI Director in 2008 (uploaded on 27/06/2010) 

(i) Letter sent by CN Venugopalan to Prime Minister in 2008- Denial of Pension to Bankers (uploaded on 02/07/2010) 

(j) Letter sent by CN Venugopalan to Principal Secretary, PMO (uploaded on 04/07/2010) EVALUATE THE FANTASTIC CONTRIBUTION BY BANKERS TO THE FINANCIAL SECTOR OF INDIA  

Letter sent by CN Venugopalan to Finance Minster (uploaded on 04/07/2010) -  Fresh Pension Option to Bank Employees   Government shall not offend the Constitution and substantive law

+++++++++++++++++++++++++++++++++

 

DEGENERATION OF A PSU BANKER (An excellent article on the true state of a PSU banker sent by Mr. Rajesh Singh )

OPEN LETTER TO G D NADAF  BY JUNIOR OFFICERS

Is Punishing  Recently Appointed Employees For the Sake of Pension Benefit to Seniors is Justified?

 Letter to News Channels  - Implementation of VIth Pay Commission Recommendations in Banks

 

Pension Optees Must Contribute Now for 2nd Option by PF optees  - Why? Read Here

Views on How Workmen Have been Cheated in 9th Bipartite Settlement

 Do Not Blame Union Leaders - They Have Made Lot of Sacrifices

More Readers Views on Faulty Settlement

Various charts showing how measure is increase in salaries.

Projected DA for May, 2010

DO YOU KNOW  HOW MUCH  BANKS  HAVE  EARNED  BY DELAYING THE SETTLEMENT?

 GROSS  INJUSTICE  TO ALL OFFICERS UPTO  SCALE III? Is it true?

WHY  I FEEL  ASHAMED  TO  BE A  PSU  BANKER?

Latest Readers Views Regarding contribution towards pension option

THIS SETTLEMENT IS AT THE COST OF THE PRESENT WORKING BANKERS

Have Bankers Been Behaving Like Illiterate?

 What Should Junior Bankers Do Now

 

UNION LEADERS - ARE YOUR LISTENING? PUBLIC SECTOR PROBATIONARY OFFICER IS AT PAR WITH PEON OF GOVERNMENT?

 

Why Union leaders have become suddenly silent - workmen settlement?"

Is Collection of Subscription by unions biggest scam in banking industry?

Sample of circulars issued by unions

Joke - Bankers Future is Bright

Are There Any Gains OR There are only Losses As Indicated in the Draft Settlement for Workmen

ARE AIBOA AND OTHER UNIONS CHEATING BANK EMPLOYEES?

Views / Queries of Readers -Part I

Views / Queries of Readers - Part II

Poor Banker's Plight

10 Valid Reasons to be in a Bank!!

Unions are Fighting for what?

Wage Revision - Pension categories

Views and Queries of our Readers (uploaded on 21/03/2010)

Is Banking Pay Commission desirable for next settlement?

 Some Views and Queries of our readers

Analysis and Remedies for Salary Revision

Some Views and Queries of our readers

What should be done now by IBA and Unions

Burden of Pension : Gains and Losses      (A good article by one of our reader giving details as to how the burden of pension is likely to be shared as per the minutes of the meeting)

 Is time ripe for Joint action by whole financial sector.

Wage Revision - Will it happen by end of century??

Wage Revision - Ha Ha Ha!!!

Bankers have been left frustrated - views of bankers

Burden of Pension : Gains and Losses      (A good article by one of our reader giving details as to how the burden of pension is likely to be shared as per the minutes of the meeting)

Final DA from February, 2010 (we proved to be on dot once again)

Likely DA from February, 2010

AN EXCELLENT  & COMPLETE  NOTE  ON  PENSION  OPTIONS  AS PER  MOU dated 27.11.2009

What our readers think about us

Draft Letter of  Resignation from Unions.

READER's QUERIES AND GOOD ANSWERS BY MR. P MOHAN.   Please reply if you have any additional information (again updated on 24/12/2009

UNION  LEADERS  -  R U LISTENING ?   SUGGESTIONS BY OUR READERS

 Generate Your Tentative Arrear Worksheet

Scale Projections by one of our readers

 More details about Pension Eligibility

 Grievances regarding wage revision from our readers

Wage Revision - Young Employees vs Senior Employees

Wage Revision - PF optees vs Pension Optees

Performance Linked Pay Package Will Further Divide Bank Employees

Why There is a Need to Remove Stagnation from All Pay Scales

Is AllBankingSolutions is biased against union leaders

There is nothing new in Wage Settlement And Young Members Have been ignored

 Are Leaders Cheaters and Blackmailers?

Wage Settlement - Why leaders Are Afraid of Sharing the Details?

Where is 17.5% (in real terms) hike?

Is There Victimization of Pension Optees for the benefit of PF Optees

Is SBI Officer's Strike Justified?

Why Bank Leaders are Opposing Mergers?

Some Views of our Readers / Bankers on Proposed Strike on 16th December, 2009

 Proposed December Strike - Is it a joke on bankers or It is a making of a Joke of them

Is it Necessary to Have a New Leadership in Bank Unions

Have Bank Union Leaders Have Become Totally Inefficient

Does UFBU Have Courage To Provide Details of Expenditure Incurred on Various  meetings With No Results

Wage Revision - Open Letter to Mr. Venkatachalam

 Soon  Banks Are Likely to Be Missing  Brains

Why Bankers are a Neglected Lot ?

 No More Strike - I do not vote for communists in Elections, but being in Bank have to go on strike, whatever may be the cause( Next Strike on 16/12/09)

NEGATIVE ROLE OF NEGOTIATING PARTIES IN BANK WAGE REVISION

Australian Team   (IBA and Government) vs Indian Team - Characteristics in Cricket Match  or Negotiation Skills

"What makes people think that union leaders have some underhand dealings?"

Why So much fuss over Re-option for pension?

ACTUAL increase in DA for Nov 09, Dec 09, Jan 10 is 59 slabs or 10.62% increase on Basic Pay. 

25% increase is easily possible. Facts and Figures for consideration of union leaders

Why Bonus is not paid to Bank Employees? Unions should fight for that.

KIND ATTENTION YOUNGER GENERATION BANK EMPLOYEES

Why Government is Afraid of Withdrawing Stimulous Package

 Harsh Realities About the Plight of Bank Officers -Why government is not giving justified pay hike

Some Practical Suggestions by Retired Banker

Wage-Revision - Readers -Views - October, 2009

NOBW : UPA government betrayed bank workers

Unions - Past, Present and Future - Wage Revision (last updated with reader's views on 29/10/2009)

Wage Revision Mathematics   (Is it really true?)

Reader's / Banker's Views on Latest Developments in Banking (Updated from time to time)

PSU बैंक यूनियन में फूट  (Is this news true or ploy to divide the UFBU?)

Do you remember news about 24% hike. If not, click here to read the same.  (Have unions climbed down so much that they are praying with IBA Chairman for a meeting to settle at 17.5%)

"Salary Structure of Bank Employees  Vs Government Employees"

"Comparison of Actual Salaries of Bank Employees vs. Central Government (CG) Employees"

 

Comments :  Do you feel the above comments are biased ?  If so, you can send your views alongwith the facts to counter the same so that bankers can have the real factual position. However, the comments should not be of any personal nature or against a group.

You can submit your comments on : allbankingsolutions@gmail.com

 

2nd Pension Option - Present Status (uploaded on 28/08/2010)

The last one year has seen lots of up and downs in the banking industry as far as wage settlement issues are concerned.  We have tried our best to keep our readers updated and give the serving as well as retired  bankers a chance to express their views and vent their anger in the public.  This was the only website which openly uploaded all the crucial and thorny issues and allowed the readers to express their views against union leaders, bank management and IBA.   Some of our readers (not more than 1% of the total viewer ship) also blamed us that we were biased against the union leaders.  However, we know from heart that we never worked for downgrading any union leader, but of course we openly uploaded the views of our readers which sometime were quite harsh but actually were part of the reality.

Now the dust and din is slowly settling down and banks have started issuing the circulars for 2nd pension option.  IBA and union leaders are happy that finally they have been able to implement whatever they wanted.  Serving Bankers are slowly licking their wounds in the shape of ultra low salaries and retired / resignee bankers are cursing the day when they joined / left the bank

We are not sure as to how much we were able to influence the settlement, but we are sure that bankers for the first time gave vent to their grievances   However, we feel that our efforts did not yield the desired results, as salary structure of the bankers is still far from satisfactory.  In retrospect we feel that this was due to the fact that unions and IBA are hand in glove and it is really difficult for the bankers /our website to break the nexus.  Bankers keep mum because of this nexus and they are always afraid of across India transfers and harassment in the form of the charge sheets and internal / external enquiries on flimsy grounds.  However, we will continue to serve as the voice of the low paid, ill-treated, harassed bankers.  The constant hammering and exposures by us, have put at least the union leaders on the back foot and we hope they will be more sensitive to the critical issues in future.  We request all bankers to remain in touch with us and give your views from time to time so that this forum slowly rolls over to even next Wage revision settlement due from November, 2012.

Now question arises, what should be done by the bankers in short and long terms.  The affected persons are the best judge themselves.  The common consensus among the bankers is that they should not at least hamper the implementation of the 2nd pension option as some of bankers who have retired or are retiring in next few months are anxious that they should be able to exercise the option immediately.  We also did introspection and were wondering as to whether this is the time to close this wage settlement discussions on this website.  However, the feedback from bankers has been otherwise.  Now finally the following groups are emerging : -

     (A) Serving - PF optees - Most of them will opt for pension as for most of them it is the only social security and in the long run they will certainly be benefited.  However, this group is feeling cheated due to stabbing of the union leaders in increasing their payment from 1.6 times to 2.8 times of the November 2007 Pay, at the last moment.  Some court cases will continue to be fought as logically and legally they appear to be on sound footing;

     (B) Retired on Superannuation / SVRS -  PF optees - (a) A sub-group of these retirees have been waiting for the 2nd PF pension option very eagerly and they will opt for this immediately.  These bankers are those who retired prior to 2005 or so and are financially in good position;  (b) A sub-group consists of those retirees who have recently retired or they are not financially sound.  They feel like cheated as union leaders have entered into an agreement by which even a banker who retired in 2009 has also to return 156% of his PF+intt received at the time of retirement.  Most people under this group will keep on grumbling and some of them may even like to go to court for the raw deal they have got. 

      (C) Retired under VRS schemes of respective banks - PF optees : This group has been left high and dry by union leaders and IBA.  They feel like most cheated by this agreement.  They feel all the more depressed as the group who took voluntary retirement under the Special Voluntary Retirement scheme have been allowed the 2nd pension option.  Such bankers who took retirement under that special scheme already had got special package in the form of monetary benefits.  This group of resignees / retirees is likely to approach court soon or later as they have been totally ignored by the agreement. 

      (D) Resignees: This group has been totally ignored by union leaders and IBA from the beginning.  No body is ready to talk about them.  Some banks actually did not have even VRS scheme and thus such bankers had actually to resign and there was no alternative for them.  This group is running from pillar to post and may be left with no option but approach the court

Thus, we are closing all earlier groups and creating the above four groups for interaction from now onwards (we will be creating the links as and when feedback starts coming up).  Bankers who are not happy with the 2nd pension option rules and / or have suggestions or are contemplating some action, can send their views at allbankingsolutions@gmail.com   We will upload these if found of common interest for that particular group.  We will also provide the email addresses of such readers so that in case the bankers of that particular group want to interact between themselves, they may do so independently of this website.

 

 

 

 

 

Banks Too Need Overhauling of the HRD Policies :  Do You Agree with this? Send your feedback to allbankingsolutions@gmail.com.   It has been recently reported that RBI is going for a complete overhaul of the promotion and appraisal system, by providing transparency in the appraisal system.  This will be done by allowing these officers to review their reports and he will be free to ask a copy of the appraised report.  However, inspite of the Supreme Court ruling wherein it has been desired that there needs to be transparency in performance appraisal system of the Central Service officers, there is hardly any steps taken by any bank to introduce the same in Banks.  Still at Senior and Top management levels, the officer is kept in dark as to what grading has been given to him, leave alone the reasons for the same.  This is the biggest cause of heart burning among the bankers as lot of honest officers are given low grading wherein so called "chamchas" are given high ratings.

Thus, at the time of promotions, these Chamchas are able to manipulate and grab the limited higher level posts.   Promotions are more or less cornered by small group of people who always remain close to the power centre.  In case any honest person tries to challenge the system, he is transferred to remote areas without assigning any reasons or is served with a charge sheet on filmsy grounds.    Have you ever given a thought on this issue?  What are the problems and what are the solutions?

Please send your feedback, which we will try to consolidate and put up on the website for the benefit of everybody.  Do not be afraid of sending the feedback.

 

MESSAGE FOR ALL BANKERS - LAUNCHING OF ABC

A few weeks back we have floated the idea of launching AllBankingSolutions Bankers Club (ABC), and asked for suggestions.  We received good response from readers.  There has been a lot of demand that in addition to one general group, we should have separate forums for different groups as banker fraternity is very large and bankers do not have sufficient time to read through all the discussions. They wish to read and give their views on topics relating to their own interest.  However, when one person is interested in more than one group, he / she can go to more than one group and read about all of them.

Based on these suggestions, we are launching two groups today - One for retired bankers; and one for pension optees, as we have receiving large number of queries / views by bankers from these categories.  We also feel that they have a long way to fight to get their due demands. 

However, we wish to keep the discussions / views brief and focused so that a reader is able to get the latest in a short time.   Our experience with blogs is quite frustrating as all and sundry and all non sense material is uploaded and one starts losing interest in few minutes and at the end of the day even after spending a hour or so, he / she feels cheated as there has been no gains.  In case you go their once a day, you will find 10 to 50 or even more pages uploaded on a single day, most of which is irrelevant.   Thus, we are experimenting a new strategy wherein we would like to upload only relevant and brief views.  This can lead to some delay in seeing your views,  but the readers will be far more richer in reaching the pulse of the group, rather than get confused.  You may not visit it daily, but whenever you visit you will be able to read almost all views as they will be short and selected ones. 

In view of the growing demand, we are today launching two groups :

  (a) Retired Bankers Group : This group can send their queries / views / suggestions / replies / relevant material at retired.bankers@gmail.com.  They will be able to read about these at a new page at www.allbankingsolutions.com/retiredbankers.htm.  A link to this page is also being provided from the main page of our website.

 (b) Pension Optees Group : This group can send their queries / views / suggestions / replies / relevant material at pension.optees@gmail.com.  They will be able to read about these at a new page at www.allbankingsolutions.com/pensionoptees.htm.  A link to this page is also being provided from the main page of our website.

Based on the feedback and response, we will try to launch other groups also in the coming weeks.  We hope the readers will be able to get benefit from such discussions. 

 

Wage / Salary Revision for Bankers - Negotiation / Talks Between  IBA and Bank Unions

On 08/04/2010, we have informed our readers that we are in the process of creating a data base of our users.  In case you wish that we store your email address to inform about Bank related updates, you can send email giving your name, cadre / scale, bank name etc. for future updates from our website.   If you do not wish to give your above personal details, you can even send a blank email.

In response this, we have received large number of emails.    However, we are not able to confirm the same individually.  Be assured that we have received the same and your name has been stored for our database.   However, in case you or your friend has not yet sent the above referred email, you can send your mail to : allbankingsolutions@gmail.com

 

 MESSAGE FOR ALL BANK OFFICERS

We have been getting a huge response to our updations on Wage Revision.  We appreciate the same.  However, it has been observed that officers in banks are so much hard pressed with work that they hardly know what is happening in other banks.  You can read an article on Poor Banker's Plight.  To share the views of bank officers, we plan to launch a special section under the name "ALLBANKINGSOLUTIONS  BANKER'S  CLUB" (ABC).  All bank officers are requested to send their suggestions about the areas to be covered under this CLUB, e.g. promotion policies in banks; working hours for which normally officers are required to work in banks; favoritism in promotions / postings;  transfer policies in the banks etc etc.   This will create awareness among the officers, who can take up with their management for improvement in working conditions and HRD policies. 

We request all officers in the banking sector to come and spare few minutes and send their suggestions.  Based on such suggestions, we will soon launch ABC for the benefit of all classes of officers - from Scale I to Scale VII.  Please send your views at allbankingsolutions@gmail.com. You may or may not give your name / your bank's name.

We will try to classify these into different sections and will publish only those views which have some substance, so that focus attention remains on the topic, rather than like certain blogs where all and sundry is published and one looses interest.  We are sure, every banker will contribute to this section.

  MESSAGE FOR ALL BANK OFFICERS / BANKERS

We have got fairly good response to our idea of starting "ALLBANKINGSOLUTIONS  BANKER'S  CLUB" (ABC).  At the moment, the majority of bankers are worried and waiting for settlement to be finalized.  Therefore, we intend to launch this Club as soon as we receive the good news of the finalization of the settlement.  In the meantime, we would request the officers across all banks to send us copies of the latest HRD issues related guidelines e.g. transfer, promotion, perks allowed etc.  Retired officers can also send the HRD guidelines applicable to them. Please send all your views and material  at allbankingsolutions@gmail.com. You may or may not give your name.

We have also received a large number of emails on the issue of union subscription.  Most of the readers agreed with the analysis, but certain members have sent mails indicating that these are exaggregated.  However, no union or its leader has disclosed the actual receipt and expenditure for last few years.   In case some members have authentic details the same may be sent to us.  One union has also forwarded a letter sent to Finance Ministry indicating the bungling in their Bank union.    We intend to update this article after going through all these views so that it reflects the true sentiments of the members.