RBI: All Agency Banks must remain available to the public on 31 March 2019 (Sunday) RESERVE BANK OF INDIA RBI/2018-19/150 DBR.No.Leg.BC.30/09.07.005/2018-19 March 26, 2019 All Agency Banks Dear Sir/ Madam All Agency Banks to remain open for public on March 31, 2019 (Sunday) The Government of India has advised that all Pay and Account Offices will remain open on March 31, 2019 (Sunday) to facilitate government receipt and payment transactions. Accordingly, all Agency Banks are advised to keep all their branches dealing with government business open on March 31, 2019 (Sunday). Banks shall give due publicity about availability of above banking services on this day. Yours faithfully (Saurav Sinha) Chief General Manager-in-Charge

Rift between RBI and Central Government – BEFI RIFT BETWEEN RBI AND THE CENTRAL GOVERNMENT BANK EMPLOYEES FEDERATION OF INDIA NARESH PAUL CENTRE 53 Radha Bazar Lane, (1st Floor), Kolkata – 700 001 e-mail: pradipbefi@yahoo.co.in Website: www.befi.in (Ph):033- 2225-4414/2236-5108 (M) 9433144271 Fax: 033-2236-5109/2242-0690 Press Statement issued on 30th October 2018 by Shri Pradip Biswas, General Secretary, Bank Employees Federation of India, at Kolkata, ON THE RIFT BETWEEN RBI AND THE CENTRAL GOVERNMENT We are disgusted, rather alarmed, at the public show of rift between the Reserve Bank of India (RBI) and the Central Government in recent months. Based on the recommendation of the Royal Commission on Indian Currency and Finance (1926), as conceptualised by Dr. B.R.Ambedkar in his famous book, “The problem of the Rupee – its origin and its solution”, RBI was established in 1935 to take care of the financial troubles in the aftermath of the First World War. Since then it has ...

Unions Firmly Rejected The Proposal of IBA – AIBOA “Banking unions as they firmly rejected the proposal of IBA, lock, stock and barrel in the recent discussions held on 12th Oct,18 at Mumbai” ALL INDIA BANK OFFICERS’ ASSOCIATION CIRCULAR No.21/VII/2018 October 14, 2018 TO ALL UNITS / STATE COMMITTEES Comrades, FALSE AND MALICIOUS PROPAGANDA TO DEFAME THE BANK EMPLOYEES TU MOVEMENT UNDER THE BANNER OF UFBU Our attention has been drawn to a joint circular purported to have been issued by our organisation jointly with AIBEA. First up of all there is no meeting of 9 constituents of UFBU at Chennai today. The contents are false, malicious and also to bring disrepute to banking unions as they firmly rejected the proposal of IBA, lock, stock and barrel in the recent discussions held on 12th Oct,18 at Mumbai. The release of the circular with the forged signatures of General Secretaries of AIBOA and AIBEA is squarely condemned. Please don’t be misguided by the false news. ...

Bank DA Expected to Go Up with 65 Slabs All India Consumer Price Index Numbers for the month of August 2018 has been published by the Labour Bureau last week. The index stands constant at the same level of 301. Last month the AICPIN was unexpected 10 points hike and stood at 301. Continuing the trend will follow for next month also.. We expect the Bank Dearness Allowance may go up with 65 Slabs for next quarter from November 2018 to January 2019.

Observe Work Life Balance – AIBOC/AIBOA/INBOC/NOBO “It has been decided to call upon all our Officers not to attend/respond to the ‘official’ SMS/WhatsApp messages, received from their Controlling Authority/Zonal Heads between 8pm and 8am” JOINT APPEAL TO ALL MEMBERS FROM FOUR OFFICERS’ ORGANISATIONS ON WORK – LIFE BALANCE ALL INDIA BANK OFFICERS’ CONFEDERATION (AIBOC) ALL INDIA BANK OFFICERS’ ASSOCIATION (AIBOA) INDIAN NATIONAL BANK OFFICERS’ CONGRESS (INBOC) NATIONAL ORGANISATION OF BANK OFFICERS (NOBO) Date: 29th September, 2018 To All Affiliates (For Circulation) To All Affiliates of AIBOC/AIBOA/INBOC/NOBO Dear Comrades, Observe Work-Life-Balance, in letter and spirit You are aware that the officers fraternity has been subjected to enormous stress due to ever increasing workload, inadequate staff, continuous pressure from multifarious controllers, over-ambitious targets, mis-placed business priorities, extended working hours et al. This has taken a heavy toll on ...

11th Bipartite settlement next meeting date on 29th Sept 2018 INDIAN BANKS' ASSOCIATIONS(IBA) HR & INDUSTRIAL RELATIONS No.HR &IR/UFBU/XIBPS/5870 September 15, 2018 Shri Sanjay K LUANDA Convenor United Forum of Bank Unions (UFBU) & General Secretary National Confederation of Bank Employee, C/o State Bank of India. LHO Plot No 1, Sector-17A Chandigarh-160 017 Dear Sir, Wage   Negotiation: Negotiating Committee Meeting with Unions/ Associations It has been decided in consultation withthe Chairman, Negotiating Committee of IBA. to hold next meeting ofNegotiating Committee of IBA with the representatives of Constitute & Workmen Unions/ Officers' Associations on Saturday, 29th September 2018 at 10:00 am in the Committee Room of IBA, World Trade Centre,Cuffe Parade, Mumbai. 2. You are,therefore,requested to please convey suitably to the General Secretaries ofConstituent Workmen Unions/ Officers' Associations of UFBU to make itconvenient to attend the meet...

ALL INDIA BANK OFFICERS’ ASSOCIATION 18th AUGUST SMALL COMMITTEE MEETING ALL INDIA BANK OFFICERS’ CONFEDERATION (AIBOC) ALL INDIA BANK OFFICERS’ASSOCIATION (AIBOA) INDIAN NATIONAL BANK OFFICERS’ CONGRESS (INBOC) NATIONAL ORGANISATION OF BANK OFFICERS (NOBO) Camp: Mumbai 18th August, 2018 To All Affiliates of AIBOC/AIBOA/INBOC/NOBO Dear Comrades, Small Committee Meeting held at Mumbai at IBA Office on 18/08/2018 A small committee meeting of Officers’ Associations with IBA was held today at IBA Office, World Trade Centre, Cuffe Parade, Mumbai at 10-30 AM. The IBA team was led by Shri Prashant Kumar(DMD, SBI), Shri B. Ashok(GM, CBI), Shri Ujjwal Kumar(GM, UCO Bank), Shri LVR Prasad(GM, Canara Bank), Shri Raj Kiran Bhoir(GM, Bank of Maharashtra), Shri B Rajkumar(Dy C.E.O IBA)), Shri S.K. Kakkar(Sr. Vice President, HR & lR, IBA), Shri K.S. Chauhan, Advisor (HR & lR) and other officials of HR Dept. lBA. The four Officer organizations were represented by Com. Dilip Sa...

DA for Bank Employees and Pensioners from August, September and October 2018 under 10th BPS Dearness Allowance for Workmen and Officer Employees in Banks for the month of August, September and October 2018 under 10th BPS / Joint Note dated 25.5.2015 The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended June 2018 are as follows… April 2018 – 6573.86 May 2018 – 6596.69 June 2018 – 6642.34 The average CPI of the above is 6604.29 and accordingly the number of DA slabs is 541 (6604.29 – 4440 = 2164.29 / 4 = 541 Slabs). In the last quarter, payment of DA was at 529 slabs. Hence, there is an increase in DA Slabs of 12, i.e. 541 slabs for payment of DA for the quarter August, September and October 2018. In therms of clause 7 of the 10th Bipartite Settlement dated 25.05.2015 and clause 3 of the Joint Note dated 25.05.2015, the rate of Dearness Allowance to workmen and officer employees for the months of August, Sep...

IBA INDIAN BANKS’ ASSOCIATION HR & INDUSTRIAL RELATIONS No.HR&IR/SKK/Medical Ins/2018-19/5041 May 8, 2018 Shri Sanjev K.Bandish,Convenor,UFBU United Forum of Bank Unions, C/o State Bank of India,LHO,Plot no.1, Sector -17A Chandigarh – 1600017 Dear Sir, Medical Insurance Scheme – constitution of committee Please refer to our earlier communication in the subject matter and discussions held on 5th May,2018 with the Negotiating Committee. As desired , we place below the four suggested options: i. Banks may go back to the earlier Hospitalization Expenses reimbursement Scheme as was in vogue till 9th Bi-partite settlement for employees and dependent family members. ii. Directly deal with united India Insurance Co.Ltd or any other Insurance Company by calling quotes, without any interference from Broker. iii. Advise banks to decide on the course of Medical Insurance Scheme on their own. Each Bank can negotiate with Insurance Companies to provide a Scheme tailor made to the requirement...

Bank DA Calculation from May 2018 Bank DA Calculation from May 2018 The All India Consumer Price Index for the month of March 2018 has been released by Labour Bureau yesterday. The index remained unchanged at the point of 287. M/Y Jan-2018 Feb-2018 Mar-2018 CPI 288 287 287 Conversion 6573.86 6551.03 6551.03 Average - - 6558.64 Minus 4440 - - 2118.64 Divided by 4 - - 530.00 DA % - - 53.00% Dearness Allowance for workmen and officer employees in banks Payable for the Year Payable for the months Average CPI No. of slabs % of pay 2018 May, June, July 2018 6558 530 53.0 2018 February, March April 2018 6551 527 52.7 2017 November, December 2017, January 2018 6505 516 51.6 2017 August September October 2017 6353 478 47.8 2017 May June July 2017 6261 456 45.6 2017 February March April 2017 6315 469 46.9 2016-17 November, December 2016, January 2017 6353 478 47.8 2016 August, September, October 2016 6261 455 45.5 2016 May, June, July 2016 6117 420 42.0 2016 February, M...

Anomaly in Computation of Pension – SC Judgement Anomaly in computation of Pension Civil Appeal No. 5525 of 2012, Filed in the Hon`ble Supreme Court of India by Bank of Baroda & Ors with other Civil Appeals HR & INDUSTRIAL RELATIONS No.HR&IR/2018-19/G2/4786 April 3, 2018 Chief Executives of Member Banks which are parties to the 7th Bipartite Settlement Dear Sir, Anomaly in computation of Pension Civil Appeal No. 5525 of 2012, Filed in the Hon’ble Supreme Court of India by Bank of Baroda & Ors with other Civil Appeals. On 9-10-1993, a Bi-partite Settlement was signed at Industry level between Indian Banks’ Association (representing member Banks) and Workmen Unions (representing Workmen) under the provisions of Industrial Dispute Act, 1947 for introduction of Pension as a second retiral benefit in lieu of “Banks contribution to Provident fund.” On similar lines a Joint Note dated 29-10-1993 between Indian Banks’ Association (representing member Banks) and Officers Associa...

Anomaly in computation of Pension – IBA Circular Anomaly in computation of Pension Civil Appeal No. 5525 of 2012, Filed in the Hon’ble Supreme Court of India by Bank of Baroda & Ors with other Civil Appeals. HR & INDUSTRIAL RELATIONS No.HR&IR/2018-19/G2/4829 April 6, 2018 Chief Executives of Member Banks which Are parties to the 7th Bipartite Settlement Dear Sir/Madam, CORRIGENDUM Anomaly in computation of Pension Civil Appeal No. 5525 of 2012, Filed in the Hon’ble Supreme Court of India by Bank of Baroda & Ors with other Civil Appeals. Please refer to our circular No. HR&IR/2018-19/G2/4786 dated 3rd April 2018 on the captioned subject. 2. There is a typographical error in the date mentioned in para (I) of the above circular. Kindly read as under- ” On 29-10-1993, a Bi-partite Settlement was signed at Industry level between India Banks’ Association (representing member Banks) and Workmen Unions (representing Workmen) under the provisions of Industrial Dispute Act, 1...

2nd Option of Pension for Compulsorily Retired Officers/Employees Indian Banks' Association HR & INDUSTRIAL RELATIONS No.HR&IR&HR/CIR/G2/BRK/4684 March 16, 2018 Chief Executives of Member Banks which are parties to the Bipartite Settlement Dear Sir/Madam, 2nd Option of Pension for Compulsorily Retired Officers/Employees The United Forum of Bank Unions (UFBU) representing workmen and officers in Banks were requesting to allow another option to those Who were in the service Of the Banks prior to 29th September, 1995 in case of Nationalized Banks / 26th March, 1996 in case of Associate Banks of State Bank of India and continued in service on or after that date and did not opt for pension when offered as per the scheme. 2. After holding various rounds of discussions in the matter, consensus was arrived at between the parties and a Bipartite Settlement/Joint Note was signed on 27.4.2010 to extend another option of pension to those Workmen / Officers who:- (a) were in the ser...