AllBankingSolutions.com

......our answer to all your banking needs

Wage Revision - Archives

 

Latest Indian Business News Latest Articles on Financial World Latest World News
 

Some Interesting Links Which Were Uploaded Earlier on Main Page, but Now shifted to Archives:-

 

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

 

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. 

Disclaimer : The views expressed here are the personal views of our readers and www.allbankingsolutions.com may not subscribe to such views.  The contents or data has not been verified / re-checked.  In case, any abuse is noticed, the same may be brought to our notice at allbankingsolutions@gmail.com so that we can review the same.