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Wage revision in Banks -- details requested by a candidate

A candidate asked details about wage revision talks in Banks.  I am giving details with link:

Don't u think sacle of clerk in banks is very less than other that banking union working on that or it will remain same for future also...plz share ur views we are going to join this sector soon..n also share news about payscale issue...if anybdy have latest updte about that....hope some gud comments which ecnhance our knowledge ????


Bank Employees Pay revision – Bipartite Talks held between UFBU (United forum of Bank Unions) and IBA (Indian Banks Association)

10th Round of Bipartite talks between UFBU (United forum of Bank Unions) and IBA (Indian Banks Association) held on 22.04.2013 for Bank Employees Pay Revision. Report issued by UFBU on this meeting is given below
“A round of discussion was held today in Mumbai between IBA and UFBU on our Charter of Demands for bank employees revision of wages and service conditions. The IBA was represented by the negotiating team headed by Mr. T M Bhasin (CMD Indian Bank and Senior Vice Chairman, IBA).UFBU was represented by the constituent unions.  NOBW could not be present due to their pre-fixed agitational programme in Delhi.
During this meeting,IBA provided the detailed data relating to establishment expenses of the banks as on March 31st 2012,which will be taken as the basis for calculations in the ensuing wage revision exercise. According to the data the total establishment expenditure/wage bill of the public sector banks as on 31-03-2012, comes to Rs. 56,292 crores for workmen and officers put together.
The IBA also submitted the following Management issues for discussions by UFBU.
  1. Introduction of Cost to Company.
  2. Introduction of Performance linked Variable Pay.
  3. Restrictions on applicability for wage revision.
  1. Introduction of Cost to Company.
  2.  Introduction of Performance linked Variable Pay.
  3. Deployment of Staff by invoking Para 536 of Sastri Award and superseding the provisions of 8th BPS.
  4. Rationalisation of special pay posts.
  5. Departmental action to continue after retirement.
  6. Premature retirement of workmen employees in public interest after 55 years of age or 30 years of service.
  7. Simultaneous disciplinary action under departmental enquiry as well as judicial proceedings.
IBA further stated that they would make their presentations on these issues in the next meeting. They also informed that the next round of discussions would be held by the middle of May 2013.
Comrades, while we have come to the IBA for wage revision, it is clear that they are trying to foist anti-employee, anti-officer propositions. It appears that wage revision will be a challenging task before us. Hence our unity and vigilance are very important when we proceed with our charter of demands.
From the UFBU we insisted on the IBA that the long pending issue of compassionate ground appointment scheme should be resolved on a priority basis.  We also brought to their notice the problems faced by employees and officers on account of introduction of Grid-based clearing system by the RBI and urged for solution so that the issue does not become a dispute. Further developments will be informed to unions in due course.”
UFBU at a meeting held immediately after the discussions with IBA felt that the overall approach of IBA has not been very conducive for a smooth passage for Wage Revision. Our membership is requested to take a note of the above and be vigilant.

Wage revision in Banks -- details requested by a candidate Reviewed by sambasivan srinivasan on 1:38:00 PM Rating: 5

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