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

 

Important Message:   SOFT LAUNCH OF : Free  Online Practice Tests for Internal Promotion in Banks

 

 Wage Revision Discussions - 1st May, 2010 onwards

 

Current Thoughts : (In this column we upload  basic issues which needs to be given thought by all bankers)

 

Whistleblowers in Indian Banks:  In India there are very few whistleblowers.  In Indian PSU banks, there are almost no whistleblowers.  The reasons for this are  well known to bankers.  Every officer is afraid of the vendetta by the management.  It can be in the shape of transfer to remote places or it can be charge sheet on filmsy grounds and drag him to court cases / CBI cases etc.  Recently there were prominent news in some of the newspapers about the whistleblower Mr. Abhijit Ghosh,  Central Bank of India in response to RTI query has disclosed on July 1 that it had spent the money on lawyers from October 2008 to April 2010 in order to defend itself against a writ petition filed by Ghosh in the Delhi high court.  Of the Rs 69.24 lakh spent on lawyers for about 20 hearings, Rs 48.50 lakh went to Singhvi, Rs 7.92 lakh to Ashok Bhasin and Rs 9.64 lakh to Vinay Sharma. It is reported that Central Bank said its then chairman and Managing Director H A Daruwalla “approved” engaging the lawyers. It was against Daruwalla that Ghosh, then a general manager, complained about, among other things,  The details of the news are eye opener as to how sometimes top management muzzles the upright bankers. (CLICK HERE for News as appeared recently on this topic.  Every banker should read the details of these items and compare as to how is the functioning at their bank). 

This is a matter of great concern that whistleblowers are throttled at the expense of the public money.  PSU banks are trusted by the public with their hard earned money and they expect that this money will be handled with caution and care.  There is a need to strengthen the system wherein the whistleblowers are protected.

Click Here for --> (Archives of Current Thoughts)

 

Links for Various Forums and Date on Which Last Updation Done

 

PF-optees-allbankingsolutions-bankers-club-email-addresses.htm

Young Bankers  (Serving)                                             - Latest Updation on 30/05/2010

Senior Bankers  (Serving)                                            - Latest Updation on 10/05/2010

Bankers - Retired prior to 01.11.2007                            - Latest Updation on 03/07/2010
Bankers - Retired between 01.11.2007 to 27.04.2010     - Latest Updation on 03/07/2010
PF optees                                                                     - Latest Updation on 01/07/2010
Bankers Who Resigned                                                - Latest Updation on 01/06/2010
Bankers Who Intend to Appear or Recently
appeared in Bank's Promotion Test / Interview      - Latest Updation on 11/05/2010

(For next time faster viewing, the readers can save the respective page(s) in their favorites in the browser)

 

 

 

Articles / Views by Mr DANENDRA JAIN : Mr Jain has been sending us articles relating to banking and some national issues.  It must have been observed that his views are very frank and are usually near the reality.  Click Here to Read Some of His Recent Articles / Views received by us through email.

 

 

New Discussion Updates:

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 )

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)

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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

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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)

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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

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Humour    

Vehicle Loan vs Marriage Loan by Mr Murali  (Uploaded on 25/07/2010)

नेता बनने के बीस लाभ (Twenty benefits on becoming a union leader in banks) (uploaded on 02/07/2010)  by Charu Bhattacharya

ALWAYS  BE SPECIFIC  WHEN YOU ASK SOMETHING FROM SOMEBODY, ESPECIALLY GOD (uploaded on 29/06/2010)

More Humour (Archive)

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Reader's Questions Relating to Individual Queries 

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

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Views of Union Leaders / Conventions / Meetings of the Unions:

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

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)

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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.

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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]

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 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  

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9th bipartite settlement detailed Notes /  MOS:

(1)  Joint Note on Salary Revision for officers

(2)  Full Text of the 9th Bipartite Settlement - Memorandum of Settlement for  Workmen

(2a) Corrections in 9th BPS settlement documents;

(3) Details of the Pension scheme for workmen;

(4) 9th BPS-Officers - Pay Scales & Allowances at a Glance

(5) Dates & Events and Comments on 9th Bipartite Settlement (uploaded on 31/05/2010)

(6) Revised Special Pay,  PQP and FPP  FOR CLERICAL STAFF IN STATE BANK OF INDIA (uploaded on 22/05/2010)

 

Other Recent Discussion Updates :

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)

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

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Archive (All links for updates, articles, discussions etc during 2009 and 1/1/2010 to 30/04/2010)

WAGE REVISION UPDATE  UPTO 31/12/2009 

Wage Revision Updates - During 1st January, 2010 to 30th April, 2010

Archives FOR INTERESTING LINKS / DISCUSSIONS / ARTICLES ON WAGE NEGOTIATIONS OF 2009 AND UPTO 30/04/2010

 

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