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Wage Revision and HR Related Issues Discussed at AllBankingSolutions.com During 2011

(Some of the Links have been removed and others will also be removed soon and thus may not be available in future.  However, we request our readers to send us by  copying  the links below  they would like to remain permanently on the this page.  We will review the same and try to retrieve the same from our archives and place the same permanently.  Send your mail to allbankingsolutions@gmail.com )

 

• New Promotion Policy for Bank officers - New Dictate by Finance Ministry (uploaded on 13/12/2011)

• Who is responsible for Rs 32,000 crore scam in Currency Derivatives to corporate by Indian banking sector ? Are Penalty of Rs 5 to 15 lacs (That Too To Be Paid from Shareholders Funds) sufficient for such Big lapses by Board of Directors, CMDs and EDs of  Private / Public Sector Banks - RBI Needs to Introspect.   (uploaded on 13/12/2011)

 

• Another Set Back to RBI and Top Management of Commercial Banks : CIC asks RBI to supply the bank wise and customer wise details of the losses of Rs 32,000 crores  relating to illegal  currency derivative Deals undertaken by banks in the name of hedging. (uploaded on 13/12/2011)

 

• Two landmark judgements from CIC asking RBI / NABARD to disclose information obtained by them during inspection etc. (uploaded on 01/12/2011)

• Why RBI is silent on the issues raised by  Shri A. Premanand Pai on pension matters   (uploaded on 01/12/2011)

• Only Advice of RBI Is Binding on Banks and Government  - IBA does not have powers to interpret and directly advice to Banks on matters of pension etc. (uploaded on 17/11/2011

 

• HR Deparments of PS Banks always take negative stand and take sheler under hyper technical grounds to deny its officers and employees their due shares . (uploaded on 17/11/2011

• Massive increase in DA for bank staff.  From November, 2011 DA  to Increase by  41 slabs.  New DA to be at 60.15% (i.e. increase of 6.15%)  - (uploaded on 31/10/2011 at 6.30 pm)

• PROPOSED STRIKE BY SBI STAFF - DO SBI  UNIONS FAR BETTER WATCH  THE INTERESTS  OF THEIR MEMBERS THAN  PS BANK  UNIONS? Mr. D. Jain (uploaded on 05/11//2011)

  [Update as on 06/11/2011: it is reported that the strike by SBI staff has been called off]

• Writ Petition 25 0f 2005 by N. Pradeep Kumar in Supreme Court  Dismissed(uploaded on 19/10/2011)

• Note on “Why should Bank pay benefit, under Regulation 29(5) of State Bank of Mysore Pension Regulations, 1995 to all those eligible retirees under SBMVRS 2001 & Exit Policy and Pension based on last 10 months’ average ‘Pay’ in respect of those who retired during the period from 1.4.1998 to 31.10.2002 (Sent by  Prasad C N cn_prasad59@yahoo.com ) (uploaded on 14/10/2011)
  

• SBI : Change in Pension rules : Now PQP and FPP to be part of pensionable pay wef 01/11/2011.  Download the circular (uploaded on 05/10/2011)
  

•  VRS Retires in High Courts - (a) Brief Rebuttal; (b) Detailed Rebuttals to GS, Syndicate Bank by Mr Pai  (uploaded on 05/10/2011)
  

• Landmark Judgments for RRB Employees regarding pension and computer increments (uploaded on 05/10/2011)
  

•  Petition for Transfer of cases at various High Courts filed in Supreme Court (uploaded on 01/10/2011)
  




• Denial of Pension to VRS optees - Letter sent to RBI (uploaded on 01/10/2011)

•  Proposed InterBank Promotions will prove killer bullet (uploaded on 01/10/2011)

• Will The Promotions From AGM Onwards In Banks Be Under Common Promotion Policy (uploaded on 28/09/2011)

• Suggestions for updtion of pension - Need for "One Rank One Pension" for bank pensioners - SBI Court case at HC   (uploaded on 23/09/2011)  
  

• WHAT IS THE LIKELY DEARNESS ALLOWANCE INCREASE FOR BANK OFFICERS FROM NOVEMBER, 2011 To JANUARY, 2012 (uploaded on 02/10/2011)

• Mr Nadaf needs to explain as to Why meeting with IBA is not being held on the arbitrary interpretation of the Joint Note. Why Syndicate Bank says in Court that unions/associations did not approach IBA for correct interpretation  (uploaded on 21/09/2011)  

• Fight for reimbursement of medical expenses incurred towards medical treatment by retired bank employees - UNITED FORUM OF BANK UNIONS EXPOSED - Supreme Court issues notices to Union of India, IBA and UFBU (uploaded on 19/09/2011)  
  
  

• Central Bank of India Spends Rs 5 lacs to deny Rs. 9 lac under VRS (uploaded on 18/09/2011)

• Details of the Writ Petition filed before MADURAI BENCH OF THE MADRAS HIGH COURT (uploaded on 14/09/2011)

   

• Does a move under way by RBI to cover up past loot of bank employees pension funds - Few facts that needs to be pondered upon by every banker, auditors etc.   (uploaded on 8/09/2011)

• Arbitrary denial of Pension - Negative Role of IBA - Is IBA a smoke screen to deny bankers details under Right to Information ?  (uploaded on 8/09/2011)

• Update for All India Banks PF Optees Forum meeting held on 14/09/2011 at Hyderabad and developments thereafter (uploaded on 7/09/2011)

• Supreme Court Judgement beneficial to Resignees who have been denied pension by banks / IBA (uploaded on 10/8/2011)

 

• Why there is a Need for Updation of Pension for Bankers At the time of Every Settlement ?  (we will keep on updating the same as and when sufficient new facts are received at ours)  (last updated on 10/08/2011 -

• Should pension be updated at the time of every settlement? Send your views, departments where this is already allowed and any legal decisions etc relating to these to us at :  allbankingsolutions@gmail.com , so that these can be consolidated on this website.  This will help in making  a strong case to IBA / MoF / Unions at the time of next revision of salary which is due wef November, 2012.

• Fate of Bankers in Banking Industry in India (uploaded on 10/08/2011)

• AIBPOF meeting on 14th August, 2011  (uploaded on 19/07/2011)

• SBI Balance Sheet As on 31/03/2011 - Is it merely an accounting jugglery or fraud on investors ? Is there a fraud in Pension fund trust of Rs.10400 crs ? How different is it from Satyam computers scam ?    (uploaded on 17/07/2011)

• It is reported that writ petition filed by advocate N Pradeep Kumar before SC will now come up for hearing on 16th August, 2011.  (No link provided here, as details are awaited from Mr Pradeep Kumar.

  (uploaded on 17/07/2011)

• Appeal to Chief Justice of Karntaka HC and Joint Secretary of MoF for redressal of grievances due to denial of fresh pension option to voluntarily retired officers (uploaded on 10/07/2011)

• All Bank Employees Who Have Retired / Resigned from Bank after 10 years service can bang at respective banks for pensionary benefits under Regulation 14 - Though Provoking article by Mr N Pradeep Kumar, Supreme Court advocate  (uploaded on 15/06/2011)

• Who is responsible for the corrupt actions of CMD of a bank  (uploaded on 10/06/2011)  

• Curious Case of suspension of GM of Indian Bank - News item and comments of our readers (uploaded on 10/06/2011)

• Plight of Retirees (uploaded on 10/06/2011)

• Why Banks are Not Making Sufficient Provision for Pension Payments  (uploaded on 07/05/2011)

• Action Point for Pension Optees who retired after 27/04/2010 (uploaded on 07/05/2011)

• After Agreeing in Writing to the terms and conditions of the offer, Can We Seek Refund of Excess Amounts Charged?  - A Question by bankers who recently opted for pension.  - Detailed Arguments by N Pradeep Kumar - Part I  (uploaded on 17/04/2011)

• CAN PAY REVISION  RESULT  IN REDUCTION OF PAY? (uploaded on 17/04/2011)

• VRS Retirees - SBM - A favourable judgment - will benefit number of other VRS retirees (uploaded on 17/04/2011)

• WHAT IS THE LIKELY DEARNESS ALLOWANCE INCREASE FOR BANK OFFICERS FROM MAY 2011 (uploaded on 07/04/2011)
  After All Who Is Responsible, Accountable, Punishable and Answerable for Rampant Corruption, Reign of Injustice, Inactive and Ineffective judiciary in the country? (uploaded on 07/04/2011)

• Proposal to file a suit for start date of the pension (uploaded on 07/05/2011)

• Pathetic State of Affairs in Public Sector Undertakings (including PSBs) by Danendra (uploaded on 07/05/2011)

• National Convention of AIJACBEO to be held on 29th May, 2011 (uploaded on 07/05/2011)

• DA from 1st May, 2011 has been increased by 19 slabs i.e. increase of 2.85%.  The new DA rate will now be 52.80% - This is slightly short then the projections made by us.   The detailed sheet will be uploaded soon.  (uploaded on 30/04/2011)

• Request of UFOPFO, Maharashtra for membership (uploaded on 07/05/2011)

• STAY  ON  REMITTANCE OF TDS DEDUCTED  ON CONTRIBUTION TO 2^ND OPTION PENSION COST. (uploaded on 25/03/2011)

• Update on write petition No. 25/2005 filed by advocate N Pradeep Kumar before Hon. SC on pension updation (uploaded on 08/03/2011)

• RESPONSE TO THE REQUESTS OF RETIRED BANK EMPLOYEES AND THE CALLS OF THE GODDESS OF DHARMA (uploaded on 06/03/2011)

   

• “ALL BANK EMPLOYEES”, “WHO “RETIRED” BETWEEN 29.09.1995 AND 26.04.2010”, “IRRESPECTIVE OF THEIR MODE OF RETIREMENT” “ARE ENTITLED TO PENSION OPTION, IN TERMS OF THE PENSION SETTLEMENT, DATED 27.04.2010”–PART – IV  (uploaded on 06/03/2011)

• Terminal Benefits in CRS cases (uploaded on 03/03/2011)

• Pension Parity in LIC - Division Bench dismissed appeal of LIC  (uploaded on 01/03/2011)

• THERE IS A STRONG NEED TO MONITOR THE ACTIONS OF THE BANK MANAGEMENTS IN RESPECT OF FULFILLING THEIR OBLIGATION FOR DEPOSIT OF PENSION LIABILITY-  (uploaded on 01/03/2011)

• Are Banks Now Following the Correct Accounting procedure of the amount recovered on account of “Funding Gap of the Pension Fund”? (uploaded on 01/03/2011)

• QUESTIONNAIRE SENT TO RBI UNDER RTI ACT ON QUESTIONS RELATING TO AMORTIZATION OF  PENSION LIABILITY (uploaded on 01/03/2011)

• ALL INDIA REGIONAL RURAL BANK EMPLOYEES ASSOCIATION Gist of discussion with Joint Consultative Council  (uploaded on 01/03/2011)

• Amount deducted towards pension cannot be considered as salary (uploaded on 27/02/2011)

• Truths About Present India  (uploaded on 27/02/2011)

• BRIEF MINUTES OF AIBPFOF MEETING held on 6th February, 2011 (uploaded on 27/02/2011)

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• United Forum of PF optees Maharashtra to hold its meeting on 6th February, 2011 (uploaded on 30/01/2011)

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• Rajasthan High Court asks LIC to pay equal pension to retirees in the same rank (uploaded on 30/01/2011)

• STATUS OF PENSION PAYMENT IN BANKS UNDER 2^nd OPTION-As on 15^th Jan 2011(uploaded on 30/01/2011)

AN APPEAL TO ALL BANKERS / EX-BANKERS TO SUPPORT THE CAUSE OF ANNA HAZARE 

All visitors to our website are requested to support Anna Hazare in his fight against Corruption.  AllBankingSolutions.com wants "CORRUPTION FREE INDIA".  This can be achieved only through a strong Jan LokPal Bill as demanded by Anna ji.

• Whether it is unconstitutional to propose a bill by civil society?

• What is Lok Pal Bill

• What Does Anna Hazare's bill provide for?

To get the answers to above questions, please click HERE: All About Anna Hazare's Fight Against Corruption (updated on 07/04/2011)  - Readers are requested to send more material on this issue.

D.S. Saxena <dssadvocate@gmail.com>  has informed  that BOB HAS RELEASED ALL DEMAND LETTERS AFTER NETTING/PENSION UPTO OCTOBER 2010 AND PROPER JUSTIFIED COMMUTATION.     LETTERS ARE REACHING TO RETIREES. ALL RETIREES MAY ENSURE DEPOSITS LATEST BY 31.01.2011 WITHOUT ANY FAIL. (uploaded on 25/01/2011)