AIBEA press release against merger of three PSU banks

All India Bank Employees Association (AIBEA) on Monday opposed the government's decision to merge three PSU banks saying the need of the hour was not the merger but expansion of banks.

“There is no evidence that merger of banks will strengthen it or make it more efficient," AIBEA General Secretary C H Venkatachalam said soon after Finance Minister Arun Jaitley announced the decision to merge Dena Bank, Vijaya Bank and Bank of Baroda. 

"We have seen the example of five associate banks merging with SBI. No miracle has happened. On the other hand, it has resulted in the closure of branches, increase in bad loans, reduction of staff and business. For the first time in 200 years, SBI has gone into loss,” he added.

Venkatachalam also said the total bad loans of five associate banks as on March 2017 was around Rs 65,000 crore and that of SBI at Rs 1,12,000 crore. Now in 2018 bad loans of SBI has increased to Rs 2,25,000 crore.

“So it is clear that merger has not helped to recover bad loans,” he said.

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AIBEA circular regarding Bipartite settlement talks with IBA

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Bank, insurance unions threaten strike during Parliament’s winter session

The Co-ordination Committee of Bank, Insurance and Finance Sector Unions (CCBIFU) on Saturday said a would be called during the winter session of the Parliament if the government does not revise its policies on banking and insurance sectors.

“If the government does not revise its policies on banking and insurance sector and would continue with their existing policies, the CCBIFU will decide to go on a strike during the winter session of the Parliament in December, 2018,” Committee Chairman C.H. Venkatachalam said in a statement.
The Committee was formed to protest against what are termed as attacks on the banking and insurance sectors like foreign direct investment (FDI), disinvestment and other sectoral reforms.

The All India Bank Employees Association (AIBEA), All India Bank Officers Association (AIBOA), General Insurance Employees All India Association (GIEAIA) and All India LIC Employees Federation (AILICEF) constitute the commitee.
While Venkatachalam, the General Secretary of AIBEA, is the Committee’s Chairman, K. Govindan, General Secretary of the GIEAIA is the Convener.
According to Venkatachalam, banks represent hard earned savings of the common people.

“Today it is more than Rs 115 lakh crore. If banks are privatised, the people’s money will be in the hands of the capitalists. The only problem in the banks is the huge bad loans due from the corporate borrowers,” he said.
“Instead of taking action to recover the bad loans, banks are sought to be handed over to them. In LIC also there are huge bad investments which are non-performing. There must be a thorough parliamentary probe into all these investments,” he added.

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AIBEA circular about successful strike and PSB stats

Press release of AIBEA general secretary of C.H. Venkatachalam and announced 48 hours continuous all india bank strike successfully commenced.

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AIBEA circular about gratuity act for bankers

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AIBEA condemn demand of ASSOCHAM to privatise banks

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AIBEA & AIBOA Joint Circular Dtd 07-01-2018

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AIBEA calls for two-day 24th and 25th october 2017 all-India strike in IDBI Bank

IDBI Bank employees will conduct two days The All India Strike on 24 and 25 october along with the members of various bank unions demanding Over-due wage revision.

The wage revision for employees and officers of IDBI Bank is due from November 1, 2012 to October 31, 2017 on the lines of settlement in all other banks, AIBEA General Secretary, CH Venkatachalam said in a statement.

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Bank unions call for all-India strike on August 22

The United Forum of Bank Unions (UFBU), the umbrella organisation of five employee unions and four officer unions of state-run banks in the country, has given notice of their decision to go on nationwide strike on 22 August 2017 to protest reforms in the banking sector and other issues.

 

"The UFBU has observed that instead of taking urgent remedial measures to recover the alarmingly increasing bad loans in the banks which are threatening to drive the banks into a serious crisis. Steps like memorandum of understanding (MoU), prompt corrective action (PCA), Financial Resolution and Deposit Insurance (FRDI) Bill, Ordnance on non-performing assets (NPAs), and Insolvency and Bankruptcy Code (IBC) are only aimed to clean the balance sheets at the cost of the banks, which represent hard earned savings of the people, instead of recovering money," says CH Venkatachalam, General Secretary of All India Bank Employees' Association (AIBEA).

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Bank workers to go on strike on February 28

Around 10 lakh bankers will now go on strike on February 28 to demand recovery of bank loans that have since turned bad and action against willful loan defaulters as well as solution to cash crunch post-demonetization, a top union leader said on Tuesday.

"Earlier, three unions had given the strike call. But now all the nine bank unions have agreed to go on strike and hence the February 7 strike has been withdrawn," C.H. Venkatachalam, General Secretary, All India Bank Employees' Association (AIBEA), told IANS.

He said around 10 lakh bankers -- ranging from officers to clerks -- belonging to nine unions will resort to strike on February 28.

The three unions that gave the February 7 strike call were AIBEA, All India Bank Officers' Association (AIBOA) and the Bank Employees Federation of India (BEFI).

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Bank employees to hold all India strike on February 7

Three bank employees' organisations are planning to conduct all India strike on February 7, 2017, seeking the banks and the government to address issues concerning demonetisation and bad loans.

The All India Bank Employees'Association (AIBEA), All India Bank Officers Association (AIBOA) and Bank Employees Federation of India (BEFI) have issued a joint circular to its members announcing various protest including joint mass demonstrations, dharana and one-day strike starting from January 30, 2017.

The organisations alleged that the cash crunch is continuing and most of the ATMs are still non-functional, which lead to tension in banks. They alleged that while everyone appreciated the hard work of the bank employees, officers and managers in managing the situation in the banks, there is reluctance and hesitation in extending proper compensation for the extra hours of additional work.

"When the ordinary and common people are made to face such problems in the name of curbing black money, the big defaulters of bank loans are getting scot-free. No action is being taken against the increasing menace of huge bad loans in the banks except provisions from profits, write-offs and desperate sale of NPAs," says the circular.

The demands they put forward include the demonetisation issues such as ensuring supply of adequate cash to all banks including regional rural banks and co-operative banks; restore all ATMs immediately and ensure availability of cash in ATMs; announce CBI enquiry on instances of huge new currency notes with some big persons when branches are starving on cash and stop diluting autonomy of RBI in currency management.

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Nationwide Bank Strike On July 29

The United Forum of Bank Unions (UFBU), consisting of nine trade unions of bank employees and officers, has called a one-day strike on July 29 to oppose the banking reform policies of the Central Government. 

In a statement, CH Venkatachalam, General Secretary, All India Bank Employees’ Association, said the notice for the strike was served on the Indian Banks’ Association on July 11 by the UFBU.

Close to 10 lakh bank employees and officers working in public sector banks, old private banks, regional rural banks, foreign banks and co-operative banks are members of one of the nine trade unions.

On July 11, the Delhi High Court had restrained the State Sector Bank Employees' Association (SSBEA) and the All-India Bank Employees’ Association (AIBEA) from proceeding with their strike notice.

The court also restrained the associations as well as their members from proceeding with a strike on July 12-13; the ruling effectively accepted a plea by SBI associate banks.

The AIBEA and the All India Bank Officers’ Association (AIBOA) had planned to hold joint programes to protest against the proposed merger and consolidation of banks, particularly the five associate banks with SBI, and the privatization of IDBI Bank.

S Nagarajan, General Secretary, AIBOA, said the strike on July 29, among others, is to oppose privatization of public sector banks and regional rural banks, consolidation among public sector banks and licenses to corporate to start banks.

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All India Bank Employees Association (AIBEA)

       All India Bank Employees Association, the oldest and largest national TRADE union center of bank employees in India, was founded in 1946 on the 20th of April in Kolkata. They were being paid paltry wages with no regulated service conditions at all. It was a rule of hire and fire. Bank employees were groaning but did not have the necessary courage to form unions. They saw the workers in the factories fighting and making some progress in terms of wages and betterment in service conditions. Bank employees also gathered some courage here and there and started to organise themselves into unions in a sporadic way. Some protest actions and strikes were undertaken but the disputes were referred to tribunals and employees did not get justice or satisfaction.

     Hence unrest and dissatisfaction amongst the employees were brewing and many Unions were formed during the period. With the advent of AIBEA on the scene, this gave a fillip to the formation of unions in different banks. With the formation of the Unions, there were innumerable agitations, struggles and strikes in the banks. Banking was a State subject at that time and hence there were number of Tribunals and Awards. The growing discontentment amongst the bank employees was sensed by the management and the authorities and banking was made a central subject.

      Consequently, there were All India tribunals. The unduly long periods of awaiting, the unsatisfactory awards and the bias of the authorities made the AIBEA in 1964 to demand direct bilateral negotiations and settlement. AIBEA succeeded in this effort when in 1966 the first ever industry level Bipartite Settlement was signed between the AIBEA and the bank management's across the table. Today this bilateral agreement constitutes a landmark achievement in the banking industry and 7 Bipartite Settlements have been signed so far by the AIBEA.

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