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

Updation As on 19/03/2010:-

Now AIBOA has reported after the meeting on 11.03.2010, matters were further discussed with IBA officials on 17.03.2010.  IBA furnished their updated chart with scale structure of 15000 to 54000 and some minor changes in HRA, CCA, and Hospitalization rates and with one stagnation increment.  However issues relating to pension- in respect of date, ilncremental cost, pension balancing, PF balancing etc. besides uniform loading on scale structure still awaits UFBU.   Further response will be made by unions after studying the draft agreement copies on pension, wages etc. to be furnished by IBA.

Updation As on 12/03/2010:-

Click here for the details of the meeting held on 11/03/2010

It has been further reported that the next meeting of the four officers unions with IBA will be held on 15/03/2010.

(Mr. P. Mohan and  Mr. RK Mudiraj have also sent the feedback on similar lines)

Updation As on 11/03/2010:-

It has been reported that four officers organisations today met IBA chairman and his team.  Talks are reported to be fruitful.  Next date of the meeting is yet to be declared.  However, these are likely to be resumed next week.  (similar reports have been sent by some of readers like Mr. RK Mudiraj, P Mohan,

Updation As on 10/03/2010:-

It has been reported that leaders of the four officer unions are likely to meet Chairman of IBA on 11/03/2010 to discuss modalities of wage revision and pension. (also Reported by our readers including Mr. R. Shankaranarayan and Mr. P. Mohan).  We wish, some concrete progress takes place at this meeting.

Updation As on 28/02/2010: - Happy Holi

Now  MOU dated 27/11/2009 (wherein it was agreed that final agreement will be done within 90 days) has expired on 25/02/2009.  It is a matter of great concern for the bankers as they have waited for 90 days by holding their breath, hoping at least now something will be finalised.  However, both IBA and unions betrayed the bankers.  Instead of talking on a day on day basis, meetings were fixed after fortnights or more.  It is strange that inspite of broad understanding of the maximum that will be given by IBA, both parties are fighting on petty matters. 

A letter issued by GD Nadf, General Secretary, AIBOC indicates that "on none of our proposals, there was a positive response form the IBA and they stuck to their method of calculation of additional cost on HRA, pension and distribution of wage load of 17.5% on various scales. It appeared that, we have reached a dead end. The discussions concluded without any fruitful result". (If you wish to view the full text of the AIBOC letter giving the latest views (sent to us by Mr P. Mohan)  please click here)

Is it not a clear admission by these leaders that they failed to convince IBA even on one of their proposals?  Should members believe that these leaders are either talking illogical or without facts with IBA?   Should members believe that these leaders have no sting left in them to even move IBA by an inch?  The above statement is clear admission of the failures of the union  leaders.  There is strong feeling among the bankers that such retired bankers holding high posts in the unions and enjoying the benefits from the monthly subscription of the members and taking levy on settlements should immediately resign and leave the field for serving and young members.

We were wondering, whether we should say "HAPPY HOLI" to bankers.   However, bankers have learnt the art of living under constant pressures and with meagre earnings.  A visit to any public sector bank will show the truth.  Senior leaders should just visit a branch of a public sector bank and have a keen look on the clothes etc of the officers (forget about workmen staff for the time being)  sitting on front row or back row.  You will realise that they are wearing clothes worse then even the youngest clerical cadre of private firms etc.  Can an officer with this salary structure,  afford for himself and children braded shirts which cost Rs.1500+ onwards only?  How many suits he can afford to purchase for the winter dress, when each branded woollen suit costs Rs.8000+ only?

However, we decided we should like wish the bankers a "Happy HOLI" in the hope that some better senses will prevail among leaders and IBA and soon the salary will be revised - may be meagerly.

Updation As on 25/02/2010:

It is reported that the talks held on this day have remained inconclusive and there is no likelyhood for early settlement as IBA's attitude appears to be inflexibale.  However, discussions were held on number of points and gist of the discussions are reported below as received by us from various sources (including our readers).

The details for various cadres can be viewed by clicking on the links below:-

•   Officers

•   Workmen

Updation As on 24/01/2010:

Based on various inputs, including from our readers (some of them appears to have been tracking these meticulously and provide authentic information), we give below latest status of the discussions held with IBA.   As scheduled, discussions were held between IBA and four officers' organizations on 23rd January, 2010, wherein Mr. Jagdish Pal, (Chairman of the small committee of IBA) represented the Management team.  Some of the offers / issues discussions in the said meeting are as follows:-

• IBA gave its revised proposals of Basic Pay structure, which ranges from Rs.14,000/- at the initial level to Rs.54,000/- at the end of the highest scale.

• IBA is agreeable  to remove the cost of leave encashment on retirement.

• Differences on the pension costing continued between unions and IBA. 

• IBA insisted that date of payment of pension will be effect only from the final date of settlement.  Unions wants the same to be effective from 01-04-2008;

• IBA now wants that the cost of Rs.132 crs is also to be included towards SBI pension cost.  As this is a new item, unions objected to the same

Thus, in nut shell, no final decisions could be reached on scale of pay, pension cost or the date of effect of the payment of pension to new optees.   It has been agreed that Unions will work on their scale of pay and submit the same to IBA by 27th January, 2010.  These will be again discussed in the next round of talks to be held on 8th February, 2010.

Updation As on 23/01/2010:

It has been reported that as per the schedule, another round of bipartite talks between IBA and 5 workmen unions (AIBEA, NCBE, BEFI, INBEF and NOBW) was held at Mumba  on 22/01/2010.  In the said meeting, discussions were held on construction of revised pay scales, the revised annual increments and rationalization of  special pay in clerical and sub staff levels.  The proposal for merger of HRA and CCA so as to benefit the employees working at small centres, were also discussed.  The workers unions are reported to have asked for improvement in various allowances like Washing Allowance, Cycle Allowance, LFC etc. The issue of revision of duties for Single Window operators, Head cashiers and Special Assistants were also part of the discussions.

However, as both sides have to work out the cost implications, the next round of bipartite talks are now scheduled to be held on 9th February, 2010.

Updation As on 12/01/2010:

It is reported that next round of talks with IBA have been fixed for 22nd January, 2010 for workmen and on January 23, 2010 for officers.

UPDATIONS  DONE IN YEAR 2009 CAN BE VIEWED BY CLICKING HERE