Latest Bipartite Settlement News-Today's UFBU Meeting with IBA

Today bipartite talks for next wage revision settlement formally began between iba and ufbu. Iba has formed the main Negotiating committee as well as Sub committees to discuss our demands. Discussion on our demands will continue from the next round of talks.

Today we have signed the minutes for extending 100% DA for pre Nov 2002 pensioners and family pensioners . Detailed circular follows. 

More News will be update soon...

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UFBU proposed 5-days banking

 

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Bank unions given call for two-day nationwide strike against proposed privatisation of PSBs

 

The United Forum of Bank Unions (UFBU), an umbrella body of nine unions, has given a call for a two-day strike from December 16 to protest against the proposed privatisation of two state-owned lenders. In the Union Budget presented in February, Finance Minister Nirmala Sitharaman had announced the privatisation of two public sector banks (PSBs) as part of its disinvestment plan.

The government has already privatised IDBI Bank by selling its majority stake in the lender to LIC in 2019 and merged 14 public sector banks in the past four years.

The government has listed the Banking Laws (Amendment) Bill, 2021, for introduction and passage during the current session of Parliament.

In view of this, UFBU has decided to oppose the move for privatisation, All India Bank Employees Association (AIBEA) General Secretary C H Venkatachalam said in a statement.

Strike notice for December 16 and December 17, 2021, has been served by UFBU on the IBA, he said.

Hence, he said, for the past 25 years, under the banner of UFBU "we have been opposing the policies of banking reforms which are aimed at weakening public sector banks".

Members of UFBU include All India Bank Employees Association (AIBEA), All India Bank Officers' Confederation (AIBOC), National Confederation of Bank Employees (NCBE), All India Bank Officers' Association (AIBOA) and Bank Employees Confederation of India (BEFI).

Others are Indian National Bank Employees Federation (INBEF), Indian National Bank Officers Congress (INBOC), National Organisation of Bank Workers (NOBW) and National Organisation of Bank Officers (NOBO).

In a developing country like India, where banks deal with huge public savings and they have to play a leading role to ensure broad-based economic development, public sector banking with social orientation is the most appropriate and imperative need, he said.

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Banks unions call for two-day strike against proposed privatisation of PSBs

The United Forum of Bank Unions (UFBU), an umbrella body of nine unions, on Tuesday gave a call for a two-day strike from March 15 to protest against the proposed privatisation of two state-owned lenders. In the Union Budget presented last week, Finance Minister Nirmala Sitharaman announced the privatisation of two Public Sector Banks (PSBs)as part of its disinvestment plan.

The government has already privatised IDBI Bank by selling its majority stake in the lender to LIC in 2019 and merged 14 public sector banks in the last four years. It has been decided to oppose the government’s decision to privatise banks during the meeting of UFBU held on Tuesday, All India Bank Employees Association (AIBEA) general secretary C H Venkatachalam said.

“The meeting discussed the various announcements made in the budget of the central government regarding reform measures like privatisation of IDBI Bank and two PSBs, setting up of bad bank, disinvestment in LIC, privatisation of one general insurance company, allowing FDI in insurance sector up to 74 per cent, aggressive disinvestment and sale of public sector undertakings, etc,” he said.

The meeting observed that all these measures are retrograde and hence need to be opposed, he added. After deliberations, it was decided to give the call for a two-day — March 15 and March 16 — strike against the government’s moves, AIBOC general secretary Soumya Datta said.

Members of UFBU include All India Bank Employees Association (AIBEA), All India Bank Officers’ Confederation (AIBOC), National Confederation of Bank Employees (NCBE), All India Bank Officers’ Association (AIBOA) and Bank Employees Confederation of India (BEFI).

Others are Indian National Bank Employees Federation (INBEF), Indian National Bank Officers Congress (INBOC), National Organisation of Bank Workers (NOBW) and National Organisation of Bank Officers (NOBO)

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11th Bipartite Settlement Next meeting on 9th Nov

 

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After lockdown- First meeting of Bipartite Settlement between IBA and UFBU on 22nd July

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Today's Bipartite Settlement talks with IBA - Points on which IBA agreed

Negotiation took place today. IBA started the discussion from 13.5% in view of the strike call without improvement of any other issues. After protracted discussion,it was agreed that hike will be 15% in pay slip cost, 5 day week will be pursued,  a small committee will be formed to work out on increasing load from 2,% & spl allowance merger.  IBA to share  data of pensioners with UFBU.

With this understanding the strike stands deferred and the UFBU  agitation programme will be in abeyance.

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IBA, UFBUs to meet on Saturday to close wage pact: Points to be discussed

The Indian Banks’ Association (IBA) and United Forum of Bank Unions (UBFU) will meet on Saturday to close the eleventh bipartite settlement. Among the key discussion points are an 18-20 per cent raise in wages and a five-day work week.

The tenth settlement elapsed in October 2017, and a deal was reached with IBA that a new pact will be effective from November 2017. The finance ministry, too, had instructed that negotiations begin six months earlier from the date of expiry of the last settlement.

Pressure is mounting on the both the IBA and UBFU as the three-day bank strike called from March 11 will see banks remain shut for six days in that week —March 10 is a holiday on account of Holi, and March 15 is a second Saturday. Bank unions have also threatened an indefinite strike from April if the wage pact is not closed.

“The meeting of UFBU held at Mumbai on (February) 13… came to the unanimous and inescapable conclusion that intensified (agitation has) to be resorted to press our demands for reasonable resolution and satisfactory settlement,” said a bank union office-bearer.The talks come just ahead of the mergers of four sets of state-run banks, effective from April 1. The mergers are of Punjab National Bank, Oriental Bank of Commerce and United Bank of India; Canara Bank and Syndicate Bank; Union Bank of India, Andhra Bank and Corporation Bank; and Indian Bank and Allahabad Bank.

“Wage issues will have a bearing on the merging banks in a big way. So, we want this to be settled ahead of fiscal year end,” said a bank official. Mergers in the recent past — be it the State Bank of India’s merger of its five associate banks with itself, or that of Bank of Baroda, Dena Bank and Vijaya Bank — had come well within the indicated time frame for hammering out the wage settlement.

“Wage issues will have a bearing on the merging banks in a big way. So, we want this to be settled ahead of fiscal year end,” said a bank official. Mergers in the recent past — be it the State Bank of India’s merger of its five associate banks with itself, or that of Bank of Baroda, Dena Bank and Vijaya Bank — had come well within the indicated time frame for hammering out the wage settlement.

UBFU’s revised demand was on the grounds that the gap between what bank employees earn when compared to those in the government’s equivalent grade has widened. And even after a 20 per cent pay hike, this difference will stand reduced only at the beginning of the scale, but will still be at about half of the same at the end of it.

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