Summary of Today's meeting of 11th Bipartite Settlement

Core Committee Meeting (Workmen) held on

      28 November 2019

As decided during Main Negotiations Committee Meeting held on 15 Nov, '19 : Core Committee (Workmen) Meeting was held today at IBA Office, Cuffe Parade, Mumbai.

Discussions:-

1.  Adoption of New Series of C. P. Index for D. A. calculation and formula for DA calculation to be decided during the next Main Negotiating Committee Meeting. 

2.  Union demand for PL accumulation upto 300 days & it's encashment on retirement to be put before Main Committee.

3.  For Adoption of Child upto 1 yr ML agreed with certain conditions.

4.  Sabbatical Leave to all employees. The matter is left to individual banks. 

5.  LFC : There will be improvement in distance permitted to Sub Staff.

6.  LFC : For Workmen employees travel by own car permitted. At par with provision for officers.

7.  LFC :  with package tour not permitted. 

8. Outsourcing : From the earlier clause " as per RBI guidelines to be done for non core activities." It is agreed to *remove words as per RBI guidelines.*

9.  OT : For simplified & improved method note is submitted by Unions. To be discussed further.

10.  Punishment : For gross misconduct, *fine* as punishment may be removed.

11.  Ex Servicemen : Only the guidelines issued by "Dept of Financial Services" of Govt of India to be followed uniformly. 

12. Unions wanted time gap between Business hours and Working hours should be 2 hours instead of present 1 hour. This demand was rejected outright by the IBA.

Whatever is accepted is subject to final approval at Main Committee level. 

 Negotiations may take decisive turn during next meeting on *3 Dec, 2019.*