The Officers should be compensated for two days for each day of working on holidays

 

ALL INDIA BANK OFFICERS' ASSOCIATION

IBA:BKS:40:2014

March 29, 2014

/FAX CONFIRMATION/

The Chairman

Indian Banks Association

World Trade Centre

Cuffe Parade, 6^th Floor

MUMBAI-400 005

Sir,

REG:  Special Tax collection drive by Government of India through Banks

            Rationalisation of the compensation

We have on our hand the RBI circular RBI/2013-14/535 dated 26.03.2014 addressed to all Chairman and Managing Director of all agency Banks to keep select branches open as a regular working day for transacting Government business at key locations based on the volume of transactions upto 08.00 pm on 29^th to 31^st March 2014, where 31^st March 2014 has not been declared as a Public holiday.

2.         However, RBI, vide its circular DPSS[CHE]/1446/01.02.003/2013-14 dated 28^th March 2014 addressed to Officer In-charge, Clearing operation of Banker’s clearing House at Chennai [BCHC] to conduct the special clearing at all clearing houses across the country on 29^th to 31^st March, 2014 which are as follows.

	Presentation clearing	Return clearing
29.03.2014	20.00 to 21.00 hrs	22.30 to 23.00 hrs
	Combined clearing of Normal and special clearing 21.00 to 22.00 hrs
30.03.2014	17.00 to 18.30 hrs	20.30 to 21.00 hrs
	Combined clearing of normal and special clearing 19.30 hrs to 20.00 hrs
31.03.2014	20.00 to 21.00 hrs	22.30 and 23.00 hrs
	Combined clearing of normal and special clearing 21.30 to 22.00 hrs

In effect, even in the select branches, officers are to remain till the fate of the return clearing is known [ie;] minimum upto midnight on 29.03.2014 and 31.03.2014 and on 30.03.3014 upto 22.00 hrs.

3.         We have demanded that officers working in the select branches are to be granted compensatory off coupled with monetary compensation which should not be less than the overtime wages payable to workmen employees.

4.         Bank of India, State Bank of India, Central Bank of India, Canara Bank and Vijaya Bank are considering compensatory off + compensation in various stages with a maximum of Rs.2500/- per day.

5.         As the officers are to work beyond 6-1/2 hrs on 29^th, 30^th and 31^st March, 2014, they should be compensated for two days for each day of work in addition and Rs.2500/- as a compensation per day may please be considered.  The rationalisation of the facilities need to be addressed immediately and on priority basis.  Pending finalisation of rationalisation, we request you to communicate to all Banks to effect the package of compensatory off + Rs.2500/- per day compensation to officers.

Yours faithfully,

 /S.NAGARAJAN/

GENERAL SECRETARY

Making the workforce to work on the holidays of religious importance shall adversely affect the morale of the workforce

 ALL INDIA BANK OFFICERS' ASSOCIATION

ALL INDIA BANK OFFICERS' CONFEDERATION  (AIBOC)

ALL  INDIA  BANK  OFFICERS'  ASSOCIATION   (AIBOA)

INDIAN NATIONAL BANK OFFICERS' CONGRESS (INBOC)

NATIONAL ORGANISATION OF BANK OFFICERS (NOBO)

                                                                                                                                                                                    24th March,2014.

The Chairman,

Indian Banks Association,

MUMBAI.

 /FAX CONFIRMATION/

Sir,

REG:              SPECIAL TAX COLLECTION DRIVE BY GOVERNMENT OF INDIA THROUGH BANKS.

We have the confirmed information that the Government of India has initiated the expeditious steps to collect the tax revenues from the tax payers by providing special opportunity to pay the tax dues through Banks on 29^th, 30^th and 31^st March 2014,being the holidays declared by the State Governments in consultation with the respective Regional Offices of Reserve Bank of India under NI Act.

1.         The taxpayers are aware of the payment of taxes on 15th September,2013 as well as at the end of March 2014.    They are expected to plan the calendar and schedule of payment well in advance. Having failed in their duties,    the Government of India is extending undue accommodation by inflicting tremendous pressure on Bank Employees by making them to work on three declared holidays.

2.         The commission paid by the government per tax transaction is meagre and it is certainly not sufficient to meet out  the  establishment cost of running the branches for few tax payers.  The Government of India is linking the profitability of the banking system, while deciding wage revision for the entire workforce handling this assignment by the public sector bank is directly reflecting in the  earnings of the banks. The individual bank management may please be advised to provide the number of challans collected by them and also the revenue     earned  on account of this collection to prove our point.

3        In the States of Maharashtra, Karnataka, Tamilnadu and Andhra Pradesh, the New Year falls on 31.03.2014.  Making the workforce to work on the holidays of religious importance shall adversely affect the morale of the officer coupled with embarrassment in the family circle.

4.         Further there are alternative channels available to the Tax payers, which they should exercise to effect the payment of taxes.

5.         The workforce, if made to work on three holidays, it would amount to nine continuous working days against the settled principle of five and half days per week with forty-two and half hours of working hours. This is against the principle settled long ago .

6.         In view of the above cogent reasons, we are confident that IBA will take appropriate steps to communicate to the concerned authorities in the Government of India, lest, officers’ organisations shall suitably advise the officers in this connection.

Yours Faithfully,

  

                                                                                       

(HARVINDER SINGH)           (S.NAGARAJAN)                   (K.K.NAIR)                       Dr.S.U.DESHPANDE

GENERAL SECRETARY   GENERAL SECRETARY     GENERAL SECRETARY         GENERAL SECRETARY         
 (AIBOC)                                (AIBOA)                                  (INBOC)                                              (NOBO) 

SCALE PROMOTIONS FOR THE APPLICATION AS ON 01 04 2014

REF:CBOU: 06: 2014 DATE : 14-03-2014

THE GENERAL MANAGER

CANARA BANK

H R WING

HEAD OFFICE

BANGALORE

Dear Sir

Sub : SCALE PROMOTIONS FOR THE APPLICATION AS ON 01 04 2014

Ref : H O MEMO 30/2014 DATED 13 03 2014

With reference to the memo on scale promotions for the applications as on 01 04 2014 , the following are our observations.

1. Requisite of Continuous Rural service of 3 years under eligibility clause is at variance with the Government guidelines issued vide reference F.No 4/11/3/2013-IR dated 04 04 2013, which provides for requisite rural service either continuously or in parts.

2. The stipulation that non acceptance/non completion of the requisite rural/semi-urban service, would land the officer/manager in automatic reversion with all disability clauses attached to reversion , runs counter to the LTP/Government Guidelines.

We request you to kindly look into the above and do the needful in accordance with the Government Guidelines / Long term promotion policy of the Bank.

Thanking you.

Yours faithfully

M A SRINIVASAN

GENERAL SECRETARY.

Absorbing "18000" selected POs under the category - Direct Recruitment

02.03.2014

The Chairman,

IBPS

Kandivali

Mumbai

Sir,

REG: Absorbing "18000" selected POs under the category - Direct Recruitment"

We seek your indulgence in addressing the following matter with an appropriate solution to the present situation.

It is a matter of record that IBPS has released an advertisement for appointment of officers through direct recruitment process to fill up the vacancies of 63,000 in March,2012. The written test was conducted on 17.06.2012 and the result published on Oct,2012. For absorbing them, an interview was conducted and the selected candidates were offered appointment in phases.

Total number of successful candidates: 47,000

First allotment (March,2013):  22,415

Second allotment (05.08.2013):  5,806

Third Allotment (16.01.2014): 1,026

Remaining Candidates: 17,753

It was intimated that the waiting list will have validity up to 31.03.2014,and currently just 4 weeks are left for the stipulated deadline. It is surprising to note that IBPS has initiated the next recruitment process without exhausting the present waiting list of nearly 18,000 candidates. May we request you take up with the banks to absorb them in their payroll on the indent placed by them at the time of initiating the process. 

In addition to this, the deadline date prescribed should be extended to a future date in the background of the statement made by Hon’ble FM that the manpower requirements should be properly addressed to tide over the crisis of shortage of human capital, which he mentioned while talking about the bank branch expansion in Lucknow earlier this year.

During this long waiting period, there may be a possibility that a considerable number of candidates have taken some other career paths. So, IBPS may re-register the preferences of only those wait listed candidates who are presently interested to join. This may expedite the process to a considerable extent.

Till the present waiting list is exhausted, the banks should be directed not to go ahead with further recruitment requirements. An immediate reply is highly appreciated.

Thanking You,

Yours faithfully,

/S NAGARAJAN/

GENERAL SECRETARY

the talks are stuck at midway

 ALL INDIA BANK OFFICERS' ASSOCIATION

Circular No.6/VI/2014

March 4, 2014

 

 

To:

ALL UNITS / STATE COMMITTEES

 

 

Dear comrades,

 

WAGE REVISION 9^TH ROUND

STUCK AT MID WAY

 

The talks scheduled to be held on 13^th February 2014, after our 48 hours strike, was to be postponed due to the preoccupation of the Chairman Negotiating Committee, IBA  with the external authorities outside the country.  Hence the 9^th round of wage talks, was held at Mumbai, with all the eleven unions, as usual yesterday.

 

2.         The IBA team was headed by Shri T.M.Bhasin, Chairman, Negotiating Team, Shri Rajiv Rishi, CMD, CBI, Shri R.K.Dubey, CMD, Canara Bank, Dr.J.N.MIshra, DMD, SBI, Shri Shyam Srinivasan, CEO, Federal Bank, Shri Rakesh Sethi, ED, PNB, Shri M.V.Tanksale, CEO, IBA and Shri K.Unnikrishnan, Dy. CEO besides IR department officials of IBA.

 

3.         It was bolt from the blue IBA stuck to 10% wage increase on payslip components by reasoning alarming increase of bad loans in the Bank, huge provisioning for  pension as per the AS15 besides other external compulsions though it is not mandatory.  The 48 hours strike in February 2014 clearly demonstrated the seething anger of the workforce who are denied to have the share in the Gross profit cake ie; a minimum of 10% on the gross profit for the year ended 31.03.2012.

 

4.         The offer of the IBA was rejected by all the representatives of the Unions in one voice.  The other issues prioritised by UFBU in the morning meeting, were effectively placed to IBA team viz.,[i] 5 days Banking [ii] Regulated Working hours for officers [iii] improvement in Pension related issues [a] updation of pension [b] 100% DA Neutralisation and [c] Family Pension [iv] 100 reimbursement of hospitalisation expenses [self, spouse and dependents].

 

5.         The IBA proposal of 10% [ie] in quantum wise, payslip component of Rs.3150 crores together with Rs.260 croes for allowances etc., resulting in an overall cost of Rs.6740 crores with a condition tagged in the matter of loading of 2% for construction of pay scales.  The new emerging external environment in the matter of release of 10% to Central Govt., Employees and retired employee [to benefit 50 lacs + 30 lacs] coupled with merging 50% DA with basic pay as one of terms of the reference  in the 7^th Pay Commission having a financial impact of over Rs.11000  crores, besides an agreement recently arrived in the steel sector exclusively for [BP + DA] increase and an interim relief of 27% considered by A.P.Govt.

 

6.         Tomorrow, the Chiefs of the PSBanks are scheduled to have a meeting with Hon’ble Finance Minister and also Secretary, DFS.  As per the reliable information one of the items listed for discussion is wage revision in the Banking Industry.  IBA has informed that they will revert back after the meetings to inform the position to unions

 

7.         AIBOA, as already expressed in clear terms, in retaliation to the FM statement on 11.02.2014, that we need reasonable respectable wage increase considering the four factors-risk, responsibility, accountability and transferability and also wage differentials earlier arrived at on account of Pay Commission from PCR period 1974.

 

8.         Every item is linked to a cost.  In the absence of the quantification of the cost on the issues raised in this round, IBA sought time to respond to our basic demands.

 

If we put it, the talks are stuck at midway, it is not an exaggeration.

 

Await  developments.

 

Yours comradely,

 

 /S.NAGARAJAN/

GENERAL SECRETARY

Regional rural banks (RRBs), have managed to generate more current and savings accounts (CASA)

 

MUMBAI: Regional rural banks (RRBs), which are seen as a vehicle for financial inclusion, have managed to generate more current and savings accounts (CASA) than commercial banks and even some large private banks.

The share of low-cost deposits, or CASA, for such banks was 54.3% at the end of December 2013, compared with 43.89% for the country's largest lender, State Bank of India, and just 24.3% for Canara Bank

"This is even higher than certain private banks. Compared with their sponsor banks, RRBs have had a much higher CASA," said Harsh Kumar Bhanwala, chairman of National Bank for Agriculture and Rural Development (NABARD), which supervises RRBs. The ratio for ICICI Bank and HDFC Bank was 43.3% and 41%, respectively.

Until a few years ago, commercial banks relied heavily on CASA to bring down their cost of funds. But even large and successful banks have not been able to increase the share of CASA over the past 2-3 years as deposits have been hard to come by due to the economic slowdown. 

 http://economictimes.indiatimes.com/news/news-by-industry/banking/finance/banking/rrbs-pull-ahead-of-the-biggies-net-higher-casa/articleshow/31324016.cms