News on Bipartite Settlement Talk

In today's talks iba proposed merger of DA as on Oct 2016 for working out revised payscales. IBA also wanted introduction of variable pay for officers which we did not agree. We insisted on negotiations to cover up to scale 7 . data on est exp was given. Detailed circular follows. CJ Nandakumar, Pradip Biswas

NOBW news.....

Today on 24.10.2017 Core committee for workmen unions with IBA.

Following points have been discussed.

1.Disciplinary Action and Procedure-Refers to sub Committee.

2.LFC-Difficult areas will be covered irrespective of distance.
For actual travel 4400km for clerks for substaff no change.
Encashment old distance.
Tickets costs of Rajdhani/Satabdi allowed.
Tickets charges covered.For road mileage afterwards.

3.Pension scheme-
In Main committee

4.Improvement in Spl.pay Medical aid and other allowance - After DA merger.

5.HRA and Annual medical aid-Some points agreed but decided after taking financial implications.

6.Leave Benefits-
SL-After 24years 3months
and after 30 years3months
in total 720days on half pay.
PL-notice period 10days other than LFC.
On encashment of 270 days will be discussed in main committee.

Some other points discussed but decision not taken.

Next sub committee meeting will be held on 14.11.2017.
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BEFI news......

In today's talks :

IBA proposed merger of DA as on Oct 2016 for working out revised payscales.

IBA also wanted introduction of variable pay for officers which we did not agree.

We insisted on negotiations to cover up to scale 7 .

Data on establishment expenses was given.

Detailed circular follows.

CJ Nandakumar, Pradip Biswas/BEFI

News about capital infusion proposed by government published in Hindu Business  Line.

The bank employees unions has welcomed the government’s decision to infuse additional capital in public sector banks but termed it as a short term relief but not as a long term cure.

The Centre on Tuesday unveiled a Rs 2.11 lakh crore two-year road map for strengthening NPA-hit public sector banks, including re-capitalisation bonds, budgetary support, and equity dilution

Union Finance Minister Arun Jaitley said the capital infusion, will be accompanied by reforms to enable the state-owned banks to play major role in the financial system and give a strong push to the job-creating MSME sector.

“No doubt, this is a welcome measure because the banks are starved of capital and this additional capital will help them to do more lending. But this by itself will not help the banks to come out of the mess they are in now”,AIBEA, General Secretary, C H Venkatachalam said in a press release.

The association represents employees of various public and private sector banks across the country.

All banks are facing the problem of mounting bad debts”, Venkatachalam said, adding till date the gross bad loans in banks were around Rs 8 lakh crore.

“If the restructured loans are added, the total NPA is more than Rs 15 lakh crore”, he said.

Alleging that the bulk of bad loans were by corporates and wilful defaulters, he said, “because the bad loans are increasing, the banks are compelled to make huge provisions from profits and profits are depleted to prevent internal generation of capital“.

“The entire profits earned by banks have gone for making provisions for bad loans. Hence, capital is eroded and capital adequacy ratio is adversely impacted”, he said.

Providing additional capital is an immediate short term solution, but recovery of bad loans is the real long term solution, he said.

Venkatachalam urged government to take stringent measures to recover bad loans and declare wilful default as criminal offence.”We demand recovery and not write off of bad loans. We need cure and not just relief”, he said.