Nn9th bipartite settlement for bank officers pdf merger

Each bank held deposits and provided loans primarily to the residents of its host county, downes county for madison avenue bank and baker county for delphi bank. The settlement gives 15% increase in salary and allowances to about 10 lakh bank employees. Pay arrived at by merger of dearness allowance at cpi 1616 points with. Memoranda of settlement indian banks association aibea. The settlement covers 46 banks 26 public sector banks, 12 private sector banks and 8 foreign banks and would benefit 4,77,000 workmen employees and 2,75,000 officers. Bipartite talks took place between iba and ufbu circular all india bank employees association circular no.

The wage revision of public sector bank employees is due since november 2017. The sbi retirees under the seventh bipartite settlement have been wronged badly. The department of financial services, ministry of finance has set the ball rolling for commencement of 11th bps and they have issued a notification to all the banks that are part of the process, advising them to complete the whole process well bef. Wage negotiations under bipartite settlement for workmen of public sector banks may resume soon. Dear comrades, wage revision talks with iba ufbu circular. Minutes of 11 th bipartite talks held on 27 october 2017 with indian banks associations iba. For starters, iba and ufbu have now agreed upon a 17. Bank employees struggle for wage settlement at crucial stage. Officers service regulations joint note 10th bipartite. This was the nonsense talk as bankers were expecting some smart move by iba since they made bankers union to called their proposed strike off.

This charter of demand will be the basis for discussions and negotiations for finalizing the salaries, benefits and other matters concerning bank employees 11 th bipartite settlement for bank employees. Bank employees protest against the mergers pti photo. Memorandum of 10th bipartite settlement between the bank unions and indian banks association on 25th may 2015 memorandum of settlement dated 25 th may 2015 between the managements of 43 banks as represented by the indian banks association and their workmen as. The data mentioned in the answers above are not even mentioned by the unions and association in their demand. Pay scales minimum basic salary of bank officers in 11th bipartite settlement is proposed at rs. Further to the ongoing discussions in the subcommittee on nonfinancial demands, today, a round of discussions with the full negotiating committee of iba was held in mumbai from the side of iba, mr. Compare salary bank officers vs central government group a officers editor. Wow i mean people are really optimistic with the wage settlement and everything. This time bank unions are sleeping where as government is in hurry to settle the revised pay of bank employees on time. Earlier i have posted base date for merger of da with existing basic pay of bank employees in 10th bipartite settlement. Vii cpc pay scale of 56100, which is based on da 1. Bank officers expected demand in 11th bipartite settlement of wage revision is being submitted by bank union on behalf of all the bank employees to iba indian bankers association. The pay scales will be arrived at based on the above principles discussed.

There are various demands being raised by officers union to be fulfilled in 11th bipartite for bank officers. Latest news on 11th bipartite settlement 21st march 2017. The united forum of bank unions ubfu has voiced concern over the lag in negotiations for industrylevel revision of wages and service conditions. The merger could take into account the asset quality, capital adequacy ratio, profit and locations of banks. Based on our past experience we try to give a brief outline about how the negotiations will shape up between ufbu united forum of bank unions and iba indian banks association in the past. What are the latest update on bipartite settlement and. In super session of clause 9 of bipartite settlement dated 10041989 and clause 21 of bipartite settlement dated 27032000, w. The parties will meet on mutually convenient dated to draw out a detailed bipartite settlementjoint note on the various issues on which consensus positions have been reached. B a bipartite settlement was signed between iba and national. In the past one month, the psu bank index had underperformed the market by falling 8%, against less than 2% decline in nifty 50 and nifty private bank index. Our service conditions are governed by composition of the sastry award 1953, the lat decisions 1954, the industrial disputes banking companies decision act 1955, the industrial dispute banking companies decision amendment act 1957, the government of india. X bipartite bank employees wage revision settlement. The wages and service conditions enjoyed by the bank employees today have been secured after bitter and protracted struggles. A bipartite settlement was signed between iba and national.

Young bank employees are eager to know the process of wage revision bipartite settlement eleventh. Expected gross salary for bank officers with10% hike by iba. Consistent with its communitybanking orientation, mab maintained separate management, officers and boards of directors for each bank. Salary revision 10th bipartite settlement indian banks. What will be the basic pay for bank poso after 11th. National bank officers congress inboc and national organisation of bank. Bank employees strike over 11th bipartite lower pay. So far, even though we have been submitting the charter of demands earlier, there has always been delay in concluding the settlement due to various hurdles. Delay in wage talks irks bank unions the hindu businessline. Employees who have retired from the service of the bank on or after the. Da for bank employees from august 2018 update on 01082018 all india consumer price index numbers for industrial workers cpiiw for june 2018 increased by two points and pegged at 291, based on the da calculation formula the da for bank employees as on june 2018 is 54. May 08, 2017 11th bipartite, salary calculator, 11th bipartite settlement salary wage revision of government sector bank employees. The 11th bipartite wage settlement update is bank employees are offered 15% salary hike.

Iba, the body for the bank management, has also in principle agreed to offer the pension option to those who did not opt for it in 1993. Certain banking companies foboisufederation of bank. The parties will endeavour to finalise the bipartite settlementjoint note within a period of ninety days from the date of this minutes. The subcommittee for discussion of medical reimbursement met at 11. Charter of demands for 11th bp settlement submitted to iba. Officers associations are not agreeable for the proposal to link a read more. For every rise or fall of 4 points over 2288 points in the qud,terly average of the all. Bank wage revisionpreliminary meeting for 11th bipartite. As per the statement released by bank employees federation of india befi the 11 th bipartite settlement effective from 1 st november 2017, will be valid for next three years. Employees and officers from 43 banks including public sector banks, old private sector banks and some of the foreign banks benefit from the wage revision. We still draw pension on the basis of 01111993 basic pay whereas all the other nationalised banks have revised it and have paid arrears w. The pension option settlement has also been signed under the banner of ufbu, all the 9 unions have signed the agreements covering both employees and officers. Another round of bipartite talks took place between iba and ufbu today at mumbai on our demands for wage revision.

Public sector bank employees salary bipartite settlement updates. About 6 lacs workmen employees covered by this settlement. Charter of demand will be the basis for discussions and negotiations for finalizing the salaries, benefits and other matters concerning bank employees 11th bipartite settlement. However, we informed iba that ufbu will be willing to discuss the problems faced by employees, officers and retirees to ensure that the scheme is implemented without any hassle. A glaring anomoly took place in respect of officers who were in service as on 1st november 2012 but retired before the x bipartite settlement was signed in may 2015.

The settlement dated 10th april, 1989 was for a period of five years with effect from 1st november, 1987. The indian banks association iba has signed a joint note on 25. Bipartite settlements settlement updated upto 9th bipartite. Basis for demands the process of wage revision must. Bank employees strike over 11th bipartite lower pay increase proposal massive demonstration on 9th may 2018 by vivek on may 8, 2018 bank employees union plans for massive demonstrations on 9th may 2018 and 2 days strike by month end aiboa secretariat. On 3rd oct 2017, one more round of meeting of the core group workmen took place on 11th bipartite settlement. Salary of bank employees after 11th bipartite settlement. A bipartite settlement was signed between iba and national organisation of bank. Units are aware that the current 10th bipartite settlements period will end by october, 2017 and the wage revision under 11th bipartite settlement will become due from 1.