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Next meeting between IBA and Unions on 5th December 2019

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Dear Friends, 

Next meeting between IBA and Unions on 5th DearDecember 2019

Please follow below circular by IBA for more details.... 
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Latest 11th Bipartite Settlment News Dated 21.11.2019

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Latest 11th Bipartite Settlment News Dated 21.11.2019


11th Bipartite Update
21/11/2019

1.  For the first time, IBA requested Unions to help them in finishing talks preferably within about a month. This is a positive development for early settlement. 

2.  Though the idea of 5 day week is kept alive, it may not get the green signal from Govt, RBI. No likelihood. 

3.  Demand for improvement in family pension quantum is taken up with Govt by IBA. May materialize.

4.  The merger of Special Pay with Basic under consideration. It will have a positive impact on terminal benefits.

5.  Soon data on 'cost of pension' to banks will be provided to Unions.

6.   There is a 6-way pension as on date. To make it common by adopting the common Index is on cards.

7.  Proposal to enhance NPS contribution to 14 % Is under consideration. It's as per Govt's suggestion.

8.  Retirees can't afford high premiums of Medical Insurance. It was suggested to allow retirees to choose policies of lesser amt. say 1 or 2 lakh. 

9.  IBA indicated that they may negotiate wage revision for all officers up to scale VII if unions agree for 'Variable Pay' in principle.

10.  IBA requested Unions not to insist for pay parity with Insurance or Govt employees. There is a risk factor in the business of Banking. Many banks are in deep losses.

11.  Banks are rescheduling working and business hours. Unions requested IBA to ask banks not to overburden staff in this regard. There should be a sufficient gap between the closure of business hours and the end of working hours. Extra timing to finish work is highly objectionable.


12.  IBA is requested to frame the same rules for all banks in the matter of compensation to Officers for work done on Holidays.

13.  IBA promised to take up with the Govt matter of GST on Medical Insurance Policies. It substantially inflates the cost to retirees.

14. Proposal to accommodate those who are so far left out of the Medical Insurance Scheme for retirees & their spouses was put forth by unions.

15. PL accumulation and encashment on retirement to be hiked to 300 days are demanded by unions. 

16. Rest of the issues to be discussed in subsequent small committee meetings


Source: Whatsapp Message
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5 Super Fruits to improve your immunity Power (Local fruits)

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5 Super Fruits to improve your immunity Power (Local fruits)

Dear Friends,

Today you can know about 5 super fruits that will improve your immunity power naturally and those are available in your local markets.


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Next Wage Revision Meeting between IBA and UFBU on 28th November 2019

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Dear Friends, 

Next Wage Revision Meeting between IBA and UFBU on 28th November 2019

Please follow below circular for more details.... 

Thanks and keep visiting for more updates....! 
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Why People Hate SBI (Public Sector Banks)....!!!!???? Reason #4

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Why People Hate SBI (Public Sector Banks)....!!!!???? Reason #4Why People Hate SBI (Public Sector Banks)....!!!!???? Reason #4







Dear Friends,

Today we are posting Reason #4 for the question

"Why People Hate SBI (Public Sector Banks)....!!!!???? Reason #4"

Reason #4

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11th Bipartite Settlement latest Update as on 15th November 2019

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11th Bipartite Settlement latest Update as on 15th November 2019
========================
 XI BIPARTITE SETTLEMENT
÷÷÷÷÷÷÷÷÷÷÷÷÷÷÷÷÷÷÷÷÷÷
Talks on Friday, 15 Nov 2019
#####################

The gist of Discussions :

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Tip For Today 17/11/2019.....!!!! | Charging phones frequently

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Tip For Today 17/11/2019.....!!!! | Charging phones frequently


Dear Friends,

From today onwards we will post a tip which will be useful in your daily life. Please comment below for more details


Today Tip is,

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Why People Hate SBI (Public Sector Banks)....!!!!???? Reason #3

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Why People Hate SBI (Public Sector Banks)....!!!!???? Reason #3
Why People Hate SBI (Public Sector Banks)....!!!!???? Reason #3













Dear Friends,

Today we are posting Reason #3 for the question


"Why People Hate SBI (Public Sector Banks)....!!!!????"

Reason #3

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Why I Love Google as an Employee....!!!!

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Dear Friends,

Here is a list of advantages for the people who use Google.


Do you know 7 people out of 10 are using the internet just because of Google Benefits...!
it's true whether you trust or not.

Here is why I ❤️Google....!!!!
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Why People Hate SBI (Public Sector Banks)....!!!!???? Reason #2

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Dear Friends,

Today we are posting Reason #2 for the question


"Why People Hate SBI (Public Sector Banks)....!!!!????"

Reason #2

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Why People Hate SBI (Public Sector Banks)....!!!!?????

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Why People Hate SBI (Public Sector Banks)....!!!!Why People Hate SBI (Public Sector Banks)....!!!!







Dear Friends,

From today onwards we will post Reasons to "Why people hate SBI (Public Sector Banks)..?"


Why people hate SBI (Public Sector Banks)

Reason #1:

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Next Round of 11th Bipartite Settlement Meeting about Wage Revision will be held on 15th November 2019

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Dear Friends,

Next Round of 11th Bipartite Settlement Meeting about Wage Revision will be held on 15th November 2019 between IBA and Banking Unions...

For more details please refer below circular


Next Round of 11th Bipartite Settlement Meeting about Wage Revision will be held on 15th November 2019



Thanks and Keep visiting for more updates.........!!!!!!!!
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Dearance Allownance (DA) Increased 3.60% from NOVEMBER 2019

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Dear Friends,

Dearance Allownance (DA) Increased 3.60% from  NOVEMBER 2019.

Please check your increase in pay as per below chart........


Dearance Allownance (DA) Increased 3.60% from  NOVEMBER 2019

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IBA Rejects Bankers demand for 5 day work week | News dated 24.10.2019

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Dear Friends,

One Bad news is that IBA is not willing to Give 5 day week for bankers

and 1 Good News is that Finance Ministry is May give 3 Saturdays Off (yet to be confirmed)

Please follow below News Articles from News papers for more details


(IBA Rejects Bankers demand for 5 day work week | News dated 24.10.2019)

IBA Rejects Bankers demand for 5 day work week | News dated 24.10.2019


Source: Business Standard
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Next Round of 11th Bipartite Settlement Meeting about Wage Revision will be held on 15th October 2019

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Dear Friends,

IBA is going to conduct the next round of meeting with Employee Unions on 15.10.2019.

Please follow the below circular for more details........


Next Round of 11th Bipartite Settlement Meeting about Wage Revision will be held on 15th October 2019



Thanks and keep visiting for more updates..........!!!!!!!
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11th Bipartite Latest News 1st October 2019 about Wage Revision

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11th Bipartite Settlement Latest News | Meeting Held on 18/09/2019
Dear Friends,

Here is a piece of good news for all our bankers....

Please Read Carefully to know news from IBA.

11th Bipartite Latest News 1st October 2019 about Wage Revision

11th Bipartite Latest News 1st October 2019 about Wage Revision

11th Bipartite Latest News 1st October 2019 about Wage Revision



Thanks and Keep visiting for latest updates on 11th Bipartite Latest News about Wage Revision
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Srike call on 26th & 27th September' 2019 is Deferred (Cancelled)

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Srike call on 26th & 27th September' 2019 is Deferred (Cancelled)

Please follow below circular for more details...... 

Srike call on 26th & 27th September' 2019 is Deferred (Cancelled)

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48 Hours Continuous Strike from 25th Midnight to 27th Midnight in September 2019

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Dear Friends,

AIBOC, AIBOA, INBOC, NOBO (All of these are Officers Unions) are going on strike on 48 Hours Continuous Strike from 25th Midnight to 27th Midnight in September 2019

i.e,26,27 of this September 2019.

48 Hours Continuous Strike from 25th Midnight to 27th Midnight in September 2019



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11th Bipartite Settlement Latest News | Meeting Held on 18/09/2019

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11th Bipartite Settlement Latest News | Meeting Held on 18/09/2019
Dear Friends,

Here you can read the latest info on 11th Bipartite Settlement Latest News meeting held on 18/09/2019

WAGE REVISION – TALKS HELD WITH IBA TODAY

We reproduce hereunder the Circular No.UFBU/2019/08 Dated the 17th September 2019 issued by Com.Sanjeev K. Bandlish, Convenor, United Forum of Bank Unions(UFBU), for information of all affiliates and members.

With revolutionary greetings,

“One more round of Bipartite Talks were held today at IBA office in Mumbai between IBA and UFBU. IBA team was led by Shri Rajkiran G. (MD & CEO, Union Bank of India), Chairman of the Negotiating Committee. From UFBU representatives of our 9 constituent unions were present.

Performance Linked Incentive Scheme: IBA made a presentation of the Performance Linked Incentive Scheme proposed by them. This scheme envisages payment of additional annual incentive payable in addition to and over and above the mutually agreed wage revision quantum and the quantum of incentive would depend on growth in Operating profits and Return on Assets of each Bank each year after the declaration of annual results. IBA informed that the Performance Linked Incentive compensation will be over and above the settled pay structure as the wage revision is based on the negotiations and not linked to Bank’s performance. The IBA further informed that they are open to discuss about their proposal on PLI in all respects including parameters and amount to be paid as incentive. IBA informed that the cost of such incentive would be exclusive of the cost of revision being discussed and finalized.

IBA clarified that the scheme would be based on the performance of the Banks each year and not on the performance of the individual employees/officers. IBA wanted the views and inputs of the UFBU for finalizing the performance measures formula.

From UFBU it was informed to them that since the Scheme and its cost are over and above the wage revision, we agree in principle to discuss the scheme further and would give our suggestions during the further course of discussions.

Mandate issue: On the mandate issue to cover all officers upto Scale VII, IBA informed that since the UFBU has agreed in principle to discuss the PLI scheme, they would reconsider their earlier stand and take a positive decision after consulting the Boards of the concerned Banks regarding the revised mandate from those Banks who had given the fractured mandate.

IBA’s improved offer: During the discussions, IBA improved their offer from 10 % to 12 % hike in the pay slip cost of the wage bill. From our side, while welcoming their improved offer, we informed that this is insignificant as per the expectations of the employees and officers in general so we are not able to accept it and requested them to improve their offer over and above what was settled in the last wage revision to discuss and decide the final quantum for the wage revision. Finally, we requested the IBA to improve their offer to at least to the level where it was settled in the last wage revision to take the talks to the logical conclusion.

5 Day Banking: To our demand for introduction of 5 Day Banking, IBA informed that they are seized of the issue and have taken up the issue with the concerned authorities and decision can be taken only after taking into account the viewpoints of various stake-holders connected with the issue. We urged upon them to expedite their decision.

Improvement in Family Pension and updation of Pension: We reiterated our demand for improving the present formula of Family Pension. IBA informed that they are equally sympathetic on this issue and would further proceed in the matter after considering the additional cost involved, approval from higher authorities, etc.

As regards updation of pension, IBA stated this also would entail additional provision to the Pension Fund which needs to be examined in detail. We requested the IBA to provide us the details of the necessary data, so that the unions may also work out the cost implications through actuaries before discussing further on the issue.

Increase in Ex-Gratia of Pre-1986 Retirees: We urged upon the IBA to recommend to the Government for increase in the Ex-gratia amount being paid to the pre-1986 retirees. IBA agreed to examine the matter.

Exempted Pension Trust for private banks: We pointed out that while public sector banks have exempted and own Pension Trusts, the private banks who are covered by our Pension Settlement are not being permitted to have their own Bank-wise exempted Pension Trusts. We suggested that at least for all the private Banks together a common exempted pension trust should be permitted. IBA agreed to examine our request.

Medical Insurance Scheme for the retirees: We requested the IBA to take up with the United India Insurance Company for considering the reduction in the premium on the policy relating to retirees. IBA informed that the same may be taken up with UIIC provided we can suggest suitable changes in the coverage, ceiling on bed charges, etc. which would result in reduction in claim ratio and premium. IBA wanted the views from the UFBU in this regard.

Exemption of GST on premium on medical insurance policies: We pointed out while the premium for medical insurance policy itself is becoming unaffordable by the retirees, the 18% GST on such premium is adding further burden on them and hence IBA should take up the matter with the Government to remove GST on medical insurance policy at least for the retirees. IBA agreed to pursue the matter with the Government.

With greetings,”
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UFBU letter to all Banking Unions about their next action plan released (16-02-2019)

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Dear Friends,

UFBU letter to all Banking Unions about their next action plan released (16-02-2019)

Please see below circular for more details..........!!!!!!!!!!


UFBU letter to all Banking Unions about their next action plan released (16-02-2019)

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Tomorrow (21-02-2019) there will be another round of Negotiation meeting among IBA and Banking Unions

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Dear Friends,

Tomorrow (21-02-2019) there will be another round of Negotiation meeting among IBA and Banking Unions..!!!

Please follow below circular for more details...........!!!!!!!!!!!

Tomorrow (21-02-2019) there will be another round of Negotiation meeting among IBA and Banking Unions

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Happy Sankranti to All Our Bankers...!!!!!!!!!

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Dear Friends,

Happy Sankranti to All Our Bankers and to their families...!!!!!!!!!

Source: Internet

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