The above link has direct links to newspaper websites indicte that the news is true,  but it must be only at initial stage and under discussion at GoI and they must be weighing the pros and cons of such an offer, and the timing when it should be made, if at all the same has to be made.   Nobody in authority is ready to confirm the status of the news.  We give below some excerpts from the news which will be useful for our readers:-

(a) IBA chairman, TM Bhasin, told HT that there was no proposal to bring bank employees under the purview of the pay commission. “IBA has no such consideration and no proposal has come to the  IBA,”

(b) CH Venkatachalam, General  Secretary, All India Bank Employees Association said. “There have been some reports of bringing the bank employees under the purview of the pay commission but we are completely opposed to such a move."

Now comign to our analysis, we would like to conclude the following from the above :

(a) TILL DATE UFBU HAS NOT DEMANDED THE EXTENSION OF 6TH / 7TH PAY COMMISSION TO BANKERS, THEIR DEMAND IS ONLY FOR 25% RAISE IN SALARY.    ONLY SOME LOCAL LEADERS (TO CREATE CONFUSION AND PACIFY  THEIR LOCAL CADRE)  HAVE UPLOADED SUCH A DEMAND ON THEIR PERSONAL FACEBOOK / BLOGS.   NO SUCH PROPOSALS ARE SEEN AT OFFICIAL WEBSITES OF SUCH ALL INDIA LEVEL UNIONS.    UFBU LEADERS ARE AFRAID  THAT  ACCEPTING OF SUCH A DEMAND WILL MAKE THEM IRRELEVANT FOR FUTURE.

(b) CH Venkatachalam and his organisation is completely opposed  to implementation of Pay Commission salary to bankers (as confirmed by him to HT);

At ABS,  we are of the view that if such a move will come, it is likely to  be  sudden and suo motto from Prime Ministers office or Finance Minister Office,  and may be directly addressed to the Bankers and not through UFBU, and can be linked to smooth implementation of bank reforms.    Such a move will have lot of financial implications and thus can NOT be taken by IBA (TM Bhasin has confirmed that IBA does not have any such move for discussions as yet)  till a go ahead is given by PM or Finance Minister.    Once a decision is taken by GoI, IBA jump into the fray and may be asked to may one and one only offer, which UFBU will have no option to chose.  Most likely this announcement, if agreed by PM,  will be made at an appropriate time (like when these unions try to strike on issues other than wage revison) and can be targeted to make UFBU / bank unions irrelevant as they are proving to be impediment in the bank reforms.   This is the reason that now  UFBU and its constituents are nervous and speaking in different voices for the agitational programmes and strike dates.   May be our predications that UFBU is likely to become irrelevant may come true soon.

Therefore, we need to wait for more time and watch the moves of GoI and UFBU

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