AIBOC meeting with DFS on 2nd May, Demands of AIBOC

AIBOC stands and demands for salary and other issues on 2nd May,2018 with DFS.

The starting basic of an officer in Govt is Rs.56100/-

The starting basic of an officer in RBI is Rs.35150 /-

The starting basic of an officer in LIC is Rs.33745/-

The starting basic of an officer in Bank is Rs.23700/-

Basic Pay is crucial for everything including superannuation. Hence we request that it should be similar to that of the Central Govt. Officers as presented by the Pillai Committee.

Other demands of AIBOC are:

i) Five Day Week

ii) Regulated Working Hours

iii) Child care leave for ladies with salary

iv) Crèche facility

v) Assured Pension

vi) Stop Cross selling etc.

[Copy of Charter of Demands & Further Notes submitted to IBA to be negotiated on 5th May ]

* Appointment of Officer Director / Employee Director

At present no Public Sector Bank has an Officer Director or Employee Director.

* Implementation of the Recommendation of the Parliament Standing Committee on NPA. If the recommendations are implemented the entire Banking Industry can be saved.

* Please don’t levy tax on Gross Profit. The tax should be on net profit.

* RBI should provide interest on CRR which at present is almost one lakh crores. This will help the Banks.

* Reimburse Expenditure on Govt Schemes.

The expenditure on Jandhan, Pension Yojana and other Govt Schemes if reimbursed will help the Banks.

* Stop Cross Selling

In the name of Universal Banking we have allowed Banks to sell insurance, Mutual Funds & other products. The huge incentive has lead to misselling. Please intervene.

* Review PCA

The 11 banks under PCA have not improved their performance. Hence a review is needed.

* Review IBC & NCLT

Both have created lot of problems. They are not helping Banks but benefit the defaulters and new purchasers of the companies. Urgent steps are needed.

D.T. Franco

General Secretary

AIBOC