PSU Bank Employees may get good news of Wage Revision

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We have been receiving a number of anxious queries from our affiliates/members regarding the news item about conclusion of bipartite talks. We wish to make it abundantly clear that there has not been any progress in the bipartite talks. As such, the news item is totally baseless and should not be given any cognizance.

Sunil Kumar, Chairman, AIBOC

Debasis Ghosh, President, AIBOC

Soumya Datta, General Secretary, AIBOC

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Follow this steps to Enjoy your Banking Job

If you want to enjoy your banking job then do following things :-

1. Read maximum bank circulars and guidelines meticulously and follow those religiously. Also be updated.

2. Do not yearn for money other than your salary and perks.

3. Do not fear transfer. Any day transfer is better thancharge sheet and suspension.

4. Do not work for promotion.

TRANSFER KE LIYE DARNA MAT,

PROMOTION KE LIYE MARNA MAT.

5. Do not work for target only. Focus only on Service & Work systematically with priorities , rest will follow.

6. Say no to all verbal order of your seniors which areagainst bank guidelines or you feel unethical.

7. Always try to complete work within working hours only 10 AM to 5 PM time schedule. 

8. Say no to holidays working if it can be avoidable except exigencies.

9. Be active in social & association activities

10. Do not work for clapping in review meeting.

11. Respect your juniors and do not fear your seniors.

12. Appreciate your colleague work and try to share credit of good works with them.

13. Respect your customers & colleague. Treat them as VIP in your premises.

14. Credit and recovery is integral part of banking. Do not fear to lend or demand recovery

15. Do not carry your office works to home or vice versa.

16. Your APR is not in your hands. So accept yourAPR even not up to your expectations. However, represent to high level if its below 75.

17. Earn respect of your customers that is more important than buttering your boss

18. Be a fighter not a quitter

19. Try to speak truth to everybody even if that is unpleasant.

20. Smile and laugh as much as you can.

21. Do not trust anybody blindly. Be polite but firmwhile controlling office officials.

22. Don't accept any gifts or attending part's from any customers/ vendors/service providers & even 3rd party product facilitators. Instead offer tea Coffee to them, keep them under your obligation.

You have got good job & you may make it best one while enjoying. 
Be proud banker and honest human being .  
I am sure that you have all the qualities.

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New formula likely to give PSBs flexibility to pay employees, says report

Public Sector Banks are likely to be given the flexibility to pay their employees in accordance with their profitability and capacity to absorb higher wage costs, adding the proposal has been included in the 11th bipartite wage settlement talks between the Indian Banks' Association and the state-run banks.

"The capacity to pay is an important ingredient while deciding the amount of wage increase. A new formula has been proposed by which there will be a minimum increase in the wage up to a certain percentage; over that, it will be market-driven wage, based on a bank's profitability and paying capacity," a senior executive was quoted as saying in the report.

According to the report, the proposal featured in the discussions between bank unions and bank managements, that resumed on June 21 and the next round of talks will be held after the Union Budget.

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BoB directs their male employees for dressing style during work hours

Bank of Baroda’s new directive for its male employees has garnered a lot of attention on social media. The public sector bank, which recently merged with Vijaya Bank and Dena Bank, sent out a circular recently, urging all male branch staff in the Bhuj region to “look smart” during banking hours.

The circular addressed to all branches and offices in the Bhuj region, said ‘its always good to look smart for each and every employee’. The circular was sent after the bank management noticed during branch inspections that many employees were not trimming their hair, shaving and wearing clean and well-iron clothes. The inspection also revealed some employees were not reporting to work on time and were coming to office in slippers.

As many as 11 dressing and etiquette guidelines were part of the letter that was sent to all the branches. It said that employees’ hair should be trimmed and neat. In case an employee wants to keep their hair long, the locks should be ”shaped and combed”. As far as moustaches are concerned, the guidelines advised staff to keep them in shape.

The guidelines prohibited the choice of wearing jeans and t-shirts to the office and said male staff should always wear “pant and shirt” on all working days. However, shirts should be tucked in without any wrinkle on the front.

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Saving Jet Airways is not banks' duty: Bank employees

As the consortium of banks led by State Bank of India chalked out a Rs 1,500 crore bailout plan to save the ailing Jet Airways, the bank employees registered their opposition against the move. 

“It is in the larger interest of the country, public and the lenders that Jet Airways continues to fly. We have not lost all hope and all efforts will be on to keep it flying,” said SBI Chairman Rajnish Kumar on Wednesday.   Opposing the lenders' plan, the All India Bank Employees Association (AIBEA) said the banks should not become the owner of Jet Airways and the airlines should repay the loans. In a press release, C H Venkatachalam, the General Secretary of the AIBEA, said: 

"We totally disagree with such proposals and attempts of Banks to purchase the shares of this ailing airline with a view to save the company at the cost of public money."

"When Jet Airways was making profits, the profits went to the pocket of the owners. When it in loss, why public money and Banks' money should be spent to save them," he said adding banks should do banking business, not run airlines.

The group also stated that private airlines proved to be a failure despite the weakening of public airlines. "All these private airlines were allowed and brought into operation only on the premises that private airlines would be much more efficient than public sector airlines. Because of this open encouragement, India Airlines was virtually weakened. There are attempts to sell airlines (Air India) to some private buyers. But we observe the 'performance' of private airlines," said the statement. They have asked the government to review the policy of 'weakening public sector.'

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Bank of Baroda’s ‘one-sided’ contract riles Dena Bank, Vijaya Bank staff

With the merger of Dena Bank and Vijaya Bank with Bank of Baroda (BoB) coming into effect from April 1, the BoB management is reportedly forcing staff of the other two banks to sign an allegedly “one-sided” and “discriminatory” contract before March 16. Even as final negotiations regarding the wages are on, Dena Bank and Vijaya Bank employees have received a letter from BoB, asking them to sign the offer of employment or to opt for the Voluntary Retirement Scheme (VRS).

While the letter asked employees of both the banks to exercise either of the options before March 16, it did not specify the terms and conditions of employment. This would be decided later by the Board of Bank of Baroda, according to the letter. “You are hereby offered to hold office and service in Bank of Baroda, from the effective date i.e., April 1, 2019, on the terms and conditions as may be decided by the Board of Directors of Bank of Baroda,” said the offer letter, a copy of which is accessed by this publication.

The staff of both Dena Bank and Vijaya Bank called this “discriminatory”. “We were told that our interests will be protected, but the BoB is using indirect methods to force VRS on us. We cannot be forced into signing the consent letter without knowing the terms and conditions. As per the initial negotiation, our wages and promotional terms and conditions will not be at par with (that of) Bank of Baroda (staff), which is discriminatory,” a Vijaya Bank employee said told this paper. 

The employees are also bothered by the transfer policy. “There are many branches of Dena Bank and Bank of Baroda, which are overlapping. While the amalgamation process is still on, the staff fears mass transfer of Dena Bank employees. So, this is like blackmailing us into either working on unsaid terms and conditions or taking VRS,” said a Dena Bank employee.

Meanwhile, the banks’ union has already termed the whole process illegal. “The whole process of amalgamation is illegal, unethical and done in a hasty manner. There was no need for opting for Alternative Mechanism. And while the petition is already in the Supreme Court, they are forcing this contract on employees, just to show that employees are agreeing to the merger,” S Nagarajan, general secretary, All India Bank Officers’ Association said.

The All India Vijaya Bank Officers’ Union has said that the manner in which the merger is done is highly questionable. “This is totally pressure tactics and a highly questionable move. While those who are about to retire may opt for VRS, many young employees will go ahead and sign it to save their future jobs,” said K Srinivasarao, general secretary, All India Vijaya Bank Officers’ Union. The queries sent to Bank of Baroda by this correspondent remained unanswered.

A case in point

When merger of SBI came into effect, 4,000 employees at SBI and associates opted for VRS Till date, there is a difference in pay, perks and promotion policy that associate banks’ employees feel they are getting a step-motherly treatment, even in HR policy In July last year, 70,000 officers of the associate banks were asked to “return the compensation for extra work” during demonetisation

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According to Post, No. of Employees in Public & Private sector Banks : FY 2017-18

Public Sector Banks:

Bank	Officers	Clerk	SubStaff	Total
ALLAHABAD BANK	13686	6266	4015	23967
ANDHRA BANK	11174	5723	3024	19921
BANK OF BARODA (BOB)	27709	18347	8859	54915
BANK OF INDIA (BOI)	21341	20183	7517	49041
BANK OF MAHARASHTRA	6518	4639	1775	12932
CANARA BANK	28739	21551	8563	58853
CENTRAL BANK OF INDIA	17166	12300	7377	36843
CORPORATION BANK	8655	7640	1933	18228
DENA BANK	6033	5325	2255	13613
IDBI BANK	15505	831	790	17126
INDIAN BANK	10425	8188	1121	19734
INDIAN OVERSEAS BANK (IOB)	14817	10311	2958	28086
ORIENTAL BANK OF COM. (OBC)	12889	6589	2499	21977
PUNJAB & SIND BANK	6546	2346	429	9321
PUNJAB NATIONAL BANK (PNB)	29583	28047	11460	69090
STATE BANK OF INDIA (SBI)	107077	110348	46616	264041
SYNDICATE BANK	17421	11279	6311	35011
UCO BANK	11968	8149	3826	23943
UNION BANK OF INDIA	21236	11983	4370	37589
UNITED BANK OF INDIA	7874	4392	2544	14810
VIJAYA BANK	8410	5172	2497	16079
TOTAL	404772	309609	130739	845120

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