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Wage Revision updates / Articles / Discussions held during 2013

by

Rajesh Goyal 

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UFBU Meeting on 23rd December, 2014 : They have proposed 48 hour Strike from 20th January (6.00AM) to 22nd January, 2014 (6.00 AM) for expediting wage revision and to oppose bank reforms. (uploaded on 23/12/2013).

 

IBA Snubs Senior Leaders of UFBU by Offering 5% Hike -  Is it High Time to Pass the Baton to Younger Generation ?- by Rajesh Goyal  (uploaded on 17/12/2013)

 

 Reports are coming that in the today's meeting (14-12-2013), IBA made some initial offer which even union leaders feel is not satisfactory. Thus they say STRIKE ON 18th DECEMBER STANDS, subject to reconciliation proceedings of 16th.  However, till now UBFU leaders are tight lipped  on the details of IBA offer (Some say it is 5% corpus increase)  Will update as and when confirmation about details are received.   (updated on 14/12/2013 at 6.00PM)

 

 Now SC Imposes Cost of Rs 50,000 and 6% Interest for Denial of Pension to CRS Optee :  Biggest Ever Slap on Face of Bank Management and IBA  - by Rajesh Goyal and RK Pathak (uploaded on 13/12/2013)

 

 Media (Governance Now)  Highlights Wage Hike War by Bankers by Rajesh Goyal (uploaded on 12/12/2013)

 

Courts Come to Rescue of Resignee Bankers Againt Tyranny of IBA and Bank Managements: Now AIBOC Too Promises To Follow Up with IBA - by Rajesh Goyal and RK Pathak (uploaded on 11/12/2013)

 

 Vijaya Bank Chairman Afraid of Contempt Proceedings Forced to Appear Before Karnataka High Court by Resignees of  Vijaya Bank :  Agrees to Pay Pension To Vijay Bank Resignees in 4 Weeks - by R K Pathak

 

Good News for Resignees : Mr RK Pathak, who was present in Supreme Court,  has reported on phone that SLP of Vijaya Bank has been dismissed by Supreme Court  today (6/12/2013.).  Details will be uploaded after receiving full details.  (uploaded on 6/12/2013 at 1.00 PM)

 

Is One Day Strike Sufficient For One Year Delay by IBA in Starting In Right Earnest the 10th BPS Negotiations by Rajesh Goyal (uploaded on 24/11/2013)

 

Investing in Public Sector Banks Is Now Riskier Than Private Sector Banks: RBI Annual Data  by Rajesh Goyal (uploaded on 24/11/2013)

UFBU and IBA Now Adopting Delaying Tactics To Tire the Bankers So That They Give Up Their Demand For  Honourable  Wage Revision  by Rajesh Goyal (uploaded on 19/11/2013)

 

 VIJAY  BANK  AGAIN  SHOWN THE DOOR  BY  KARNATAKA   HC   FOR  DENYING  PENSION  TO  THOSE WHO RESIGNED by Rajesh Goyal (updated on 11/11/2013)

 

 DA for November 2013 : Increase of 48 slabs i.e. 7.20% increase in DA; Revised DA to be 96.15% (uploaded on 31/10/2013)

NEW PENSION SCHEME – HOW DOES IT COMPARE WITH THE OLD ONE? by V Subramanian (uploaded on 31/10/2013)

 

 IBA and UFBU Again Ditch Bankers  -  October 2013 Round too Fails  - What Stand UFBU Now Needs to Take on Issues -  by Rajesh Goyal (uploaded on 14/10/2013)

 

 UFBU  CIRCULAR   DATED  12th October, 2013  DIAGNOSED - Another Failure Stares Top Union Leaders  (uploaded on 12/10/2013)

 Negotiations Between IBA and UFBU Are Reported to Have Failed.  Official Details awaited.  Will update on receiving official details from UFBU  (uploaded on 11/10/2013)

SBI Apologies for Stopping Check off Facility.  Lifeline to Unions Restored, and Unions Across Banking Industry celebrate. .  SBI Unions to continue get about Rs 3 crore month as subscription (2.3 members x Rs100 to Rs 200) but IBA refuses to budge on 10th BPS. (uploaded on 10/10/2013)

Guidelines For Creating Posts of GMs,  DGMs and AGMs in Public Sector Banks by Rajesh Goyal (uploaded on 09/10/2013)

Next Round of Negotiations fixed for 11th October, 2013 -  7th Pay Commission Constituted - What should UFBU  Do Now? by Rajesh Goyal (uploaded on 2/10/2013)

Massive Increase of 50 slabs in DA likely from November, 2013 (uploaded on 2/10/2013)

It is reported that Bank strike for 25th September, 2013 has been deferred

HAPPY  DIWALI by Rajesh Goyal (includes links to Pooja Vidhi, Aartis etc.)

AIBPARC DHARNA AT DELHI A GRAND SUCCESS by C Gangadhar Yadav, General Secretary,  SBPRA   uploaded on 24/09/2013

All India Bank Employees' Unity Forum (AIBEUF's) Stand On Bank Employees Strike on 25th September, 2013 uploaded on 23/09/2013

 Chances of An Honourable Settlement Are Becoming Dimmer and Dimmer As Time Is Passing   by Rajesh Goyal (uploaded on 18/09/2013)

Syndicate Bank Pensioners and Retirees Association - 3 circulars to watch the intersts of retired bankers  by Rajesh Goyal (uploaded on 19/09/2013)

SBoP Retired Officers Association - An Example to be Emulated by Rajesh Goyal (uploaded on 19/09/2013)

Sit-On-Demonstration of Bank Employees - AIBEUF demonstration on 10th September in Kolkatta (uploaded on 09/09/2013)

ALL INDIA BANK PENSIONERS AND RETIREES CONFEDERAION (AIBPARC) to organise  DHARNA ON 20TH SEPTEMEBR 2013 AT JANTAR MANTAR, DELHI (uploaded on 09/09/2013)

  HOW AND WHY BANK PERSONNEL ARE DIFFERENT FROM CENTRAL GOVERNMENT EMPLOYEES?  by V Subramanian (uploaded on 26th August, 2013)

  CRS Category Bankers Are Eligible for 2nd Pension Option - Division Bench of Honorable High Court of AP Gives Clear Cut Judgment by Rajesh Goyal (uploaded on 20/08/2013)

UFBU celebrates that IBA agreed to allow Xth BPS from due date i.e. 1st November, 2012, and Merger of DA at 4400 points (against actual 4953 points at end of October, 2012). - [Analysis will be put on website after full details are made available by UFBU) (uploaded on 12th August 2013 based on inputs received after UFBU meeting with IBA on this day at 11.00 AM)

Raksha Bandhan  -  A Great Indian Festival Which Bonds Family Relations  by Rajesh Goyal (uploaded on 19/08/2013)

 

  Likely Scenario of New Basic Pay and DA after IBA and UFBU Have Agreed to Merge 4440 Points or 60.15% of DA - Detailed Analysis and Charts for Officers and Workmen Staff for the Likely Increase in Salary    by Rajesh Goyal (uploaded on 14/08/2013)

Charts for Likely Salary of Bank officers  Based on Merger of 60.15% DA and giving a 20% increase in Basic Pay and ensuring that the revised conversion factor is 0.12 for converting balance slab into DA percentage. by Rajesh Goyal (uploaded on 14/08/2013)

Charts for Likely Salary of Workmen Based on Merger of 60.15% DA and giving a 20% increase in Basic Pay and ensuring that the revised conversion factor is 0.12 for converting balance slab into DA percentage. by Rajesh Goyal (uploaded on 14/08/2013)

Click Here to View the Full contents of the UFBU circular)

Xth BPS : An Eye Opener for UFBU Negotiators - Comparative Salaries of Bankers vs Central Government Employees - On eve of next round of meeting with IBA by V Subramanian (uploaded on 9th August, 2013)

Marginalisastion of Clerks in Wage Distribution by Radhakrishnan  N (uploaded on 9th August 2013)

DA For Retired Bankers Revised.  Click for Full Details and DA Calculator (uploaded on 03/08/2013)

DA for Bankers go up by  4.80%  i.e. 32  slabs (New DA to be at  88.95% of existing BP  (uploaded on 31/7/2013)

Delhi Chalo - Bank Retirees Jantar Mantar Chalo - Retirees under banner of UFBRO to Observe Demand day on 19th July, 2013   by Rajesh Goyal (uploaded on 11/7/2013)

A Hardcore Banker's Assessment On the Likely Outcome of the Impending 10th BPS by  Pannvalan  (uploaded on 14/06/2013)

 

Senior Vs Junior Bankers - Need a Balancing Act

X’ PLUS ‘Y’ IS GREATER THAN BOTH ‘X’ AND ‘Y’ – DO YOU AGREE?)  by  Pannvalan  (uploaded on 14/06/2013)

Principles of Natural Justice and Principle of Equity by  V Subramanian (uploaded on 14/06/2013)

 

K C Chakrabarty Wants to Keep Penalties at "Peanut" Level - Advocates only Naming and Shaming of Shameless People by Rajesh Goyal (uploaded on 10/06/2013)

 

Wage Revision Xth BPS  : IBA once again pitched on for “Cost to Company” (CTC) concept : L.BALASUBRAMANIA, General Secretary, NUBE Beautifully Explains The Pitfalls in CTC (uploaded on 10/06/2013)

 

 Dharna by Retirees - Replay of Videos of the Speeches of the Retiree Leaders  on 19th July, 2013, at Jantar Mantar New Delhi (uploaded on 21st July, 2013) - Retirees who could not attend the dharna can now listen to their leaders for the first time.

 

Wage Revision Xth BPS :  Meeting Dated 7th June is Again Listless  by Rajesh Goyal (uploaded on 08/06/2013)

 

FM GIVES A SLAP ON THE FACE OF CMDs / EDs  OF NATIONALISED BANKS WHO  TILL YESTERDAY  WERE PUNISHING OFFICERS  FOR FAILING TO MEET TARGETS FOR SALE OF GOLD COINS by Rajesh Goyal (uploaded on 07/06/2013)

 

 RBI  GOVERNOR  AGREES  THAT  PENALTIES ON BANKS IN INDIA ARE "PEANUTS"  by Rajesh Goyal (uploaded on 05/06/2013)

 

Xth Wage Revision :  UFBU  MISERABLY  FAILS IN THE FIRST ROUND ITSELF - Part II  by Rajesh Goyal (uploaded on 03/06/2013)

 

Xth Wage Revision :  UFBU  MISERABLY  FAILS IN THE FIRST ROUND ITSELF - Part I  by Rajesh Goyal (uploaded on 30/05/2013)

 Sale of Top Jobs in Railways Nailed  -  Is Banking Sector Not Equally Guilty for Sale of Top Jobs ?  by Rajesh Goyal (uploaded on 11/05/2013)

Our Projections prove correct - DA to increase by 3.90% (26 slabs) wef May, 2013 (uploaded on 30/04/2013)

IBA  NOW  HAS  AN  OPPORTUNITY  TO  REVERSE  PAST  MISDEEDS  AND GIVE THE RESIGNEES / CRS / DISMISSED  BANKERS  THEIR  DUE  SHARE OF PENSION  (uploaded on 14/04/2013)

Campus Recruitment by PS Banks Now  Unconstitutional - What About Illegality Already Committed ? by Danendra Jain (uploaded on 05/04/2013)

 WHAT IS THE LIKELY DEARNESS ALLOWANCE INCREASE FOR BANK OFFICERS AND WORKMEN  FROM May 2013 to July,  2013 

 

 Bankers Do Not Need Rest and Should Forget About Their Families - Banks to open on 29th, 30th and 31st March, 2013   by Rajesh  Goyal (uploaded on 28/3/2013)

 

 AIBEUF  to Observe 10th May 2013 as All India Demand Day  (uploaded on 28/03/2013)

 

 KEEPING THE BANKS OPEN ON 29TH, 30TH & 31ST MARCH, 2013 by Pannvalan (uploaded on 27/03/2013)

 

 DEMANDS MADE BY CENTRAL GOVERNMENT EMPLOYEES by Pannvalan  (uploaded on 20/3/2013)

 

 Why UFBU and IBA Are Silent on Wage Revision ?  - Next Meeting on 10th BPS continues to Elude Poor Bankers by Rajesh  Goyal (uploaded on 17/3/2013)

 

 CobraPost Sting : Wake Up Call For RBI and  MoF -  Need To Punish Top Brass and Not Junior Officers - Curb  Sale of Third Party Products on Incentive Basis  by Rajesh Goyal (uploaded on 16/3/2013)

 

 Denial of 100% DA Neutalisation to Retired Bankers Prior to 01/11/2002  by S.  Ramachandran  (uploaded on 4/3/2013)

 

Wage Revision - 10th BPS - 2nd Meeting Scheduled for 4th March, 2013 postponed  - by Rajesh Goyal (uploaded on 4/3/2013)

IBA - UFBU update - First Meeting Held on 22/02/2013 (uploaded on 22/02/2013)

Wage Revision Remains  in Cold Storage  - 2 Day Strike by Bank Staff - UFBU needs to draw its strategy - by Rajesh Goyal (uploaded on 21/02/2013)

 Pension Regulations for RBI Staff - Recent Liberalisation of Pension terms for RBI Staff (uploaded on 18/2/2013)

Bank on Rural India -  Way to Economic Development by NSN Reddy (uploaded on 18/02/2013)

Some points to ponder on ‘Corporate Debt Restructuring’ (CDR)   by V Subramanian (uploaded on 18/02/2013)

Are Corporate and Top Management of Banks Preparing to Introduce A New Scheme to Cheat Banks  - Banks Want To Ease Recompense Clause   by Rajesh Goyal (uploaded on 15/02/2013)

AllBankingSolutions's  Stand  Vindicated - Kudos to Mr Subbarao  by Rajesh Goyal (uploaded on 12/2/2013)

 IBA and UFBU Have Been Fully Exposed for cheating On Issue of 2nd Pension Option to VRS, Resignees and other Left Over Bankers   - Can they be now  trusted for 10th BPS ? by Rajesh Goyal  (uploaded on 06/02/2013)

 Merger Mania : by S Srinivasan, President , NUBE (uploaded on 05/02/2013) - A series of wonderful articles exposing the politics behind move for bank mergers, status of Indian banks and their management.

Pensioners : DA Increase from February, 2013.   Calculate your new DA by clicking here and giving merely your Basic Pension (Full (updated on 04/02/2013)

 Today's Thoughts : Role of Bottle in Life,  Ajay Devgan vs Petrol, Stone & Temple, Whose Mobile,  (uploaded on 6th February, 2013)

 

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 DA increase of  25 slabs i.e. 3.75% (new DA to be 80.25%) wef February, 2013.  Click to see full New DA Chart (uploaded on 31/01/2013 at 5.45

 Managing Various People in One's Life by V Subramanian (uploaded on 28th January, 2013)

100% DA Neutralisation for all Bankers is now round the corner.   Two Court judgements expose IBA and GoI as anti senior citizen bodies  by Rajesh Goyal (uploaded on 28th January, 2013)

AllBankingSolutions.com  Starts a New Struggle from 2013 : 2nd Pension Option to Resignee and Compulsory Retired Bank Officers - Put All Your Might on All Fronts To Succeed  - Resignee Please Check details.  (updated on 5/01/2013) -

More Banks Issued  Circulars for 2nd Pension Option to VRS optees -  (Links to these circulars are given in left hand side column of this page in Box 3.  (PNB, Syndicate Bank, BOI, United Bank of India, Allahabad Bank, Central Bank of India, OBC)  (updated on 5/01/2012) -

2nd Pension Option to Resignees  -  Organisations Which Have Filed Legal Cases  - Consolidation (updated on 29/01/2013)

2nd Pension Option to Resignees -  Latest Court Develepments  (Updated on 28th January, 2013)

PITIABLE PLIGHT OF PUBLIC SECTOR BANK OFFICERS TODAY (uploaded on 05/01/2013)

LATE  SITTING  IN  BANKS  -  It Needs To Be Eradicated  - Will You Stop This Practice in 2013?  by  V Subramanian   (uploaded on 3/01/2013)

HAPPY  NEW YEAR 2013  TO ALL OUR FRIENDS WHO VISIT OUR WEBSITE ON REGULAR BASIS. Click to view our New Year Card

 

  Fight Against Denial of Pension Option Based on Joint Note (VRS optees have now been offered 2nd Pension option - our fight will continue for resignee bankers)

 IBA and UFBU Have Been Fully Exposed for cheating On Issue of 2nd Pension Option to VRS, Resignees and other Left Over Bankers   - Can they be now  trusted for 10th BPS ? by Rajesh Goyal  (uploaded on 06/02/2013)

2nd Pension Option to Resignees - Letter of Mr Pathak.  There is urgent need to send a delegation to new Secretary, Mr Rajiv Takru requesting him to give a patience hearing and consider the same in proper prospective  (uploaded on 06/02/2013)

2nd Pension Option to Resignees  -  Organisations Which Have Filed Legal Cases  - Consolidation (updated on 29/01/2013)

2nd Pension Option to Resignees -  Latest Court Develepments  (Updated on 28th January, 2013)

Circulars Issued by Various Banks for Release of 2nd Pension option to VRS optees in terms of IBA circular 9/11/2012:

 

(a) BOB ;

 

(b) Canara Bank,  Annexure to Main circular of Canara Bank

(c) PNB

(d)  Syndicate Bank,

(e) BOI,

(f) United Bank of India,

(g) Allahabad Bank,

(h) Central Bank of India,

(i) OBC

IBA again goofs up and issues small corrigendum to its circular dated 9th November circular for release of 2nd Pension option to left over VRS optees but Resignees Still Denied the same by Rajesh Goyal (uploaded on 12/11/2012)

IBA issues circular for release of 2nd Pension option to left over VRS optees but Resignees Still Denied the same by Rajesh Goyal (uploaded on 10/11/2012)

Manipulative IBA Does It Again  - 2nd Pension Option to be Extended to VRS optees  BUT not  to Resignee Bankers  by Rajesh Goyal (uploaded on 09/11/2012)

Supreme Court Judgement in case of M R Prabhakar & Others vs Canara Bank & Others on 3rd October 2012 (Civil Appeal Nos 7188-7191 of 2012) - regarding legalilty of the claim of pension in lieu of CPF who had resigned and stood relieved prior to 03.06.1993. - Case was dismissed by SC. in October 2012

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