BREAKING NEW
PRESS RELEASE
WRIT PETITION BY AIBOC CHALLENGING THE MERGER DECISION OF VIJAYA BANK, DENA
BANK & BANK OF BARODA ADMITTED IN DELHI HIGH COURT.
All India Bank Officers' Confederation (AIBOC), the apex organisation of Bank Officers having a
membership of over 3,20,000 officers, had filed a Writ Petition vide No. WP(C) 10954 of 2018 in Delhi Court challenging the proposal by the Central Government to amalgamate Vijaya Bank and Dena Bank with Bank of Baroda contending that the process by which the decision has been taken was in violation of the Banking Regulation Act, 1949 and Banking Companies (Acquisition and Transfer of Undertakings) Act 1970/1980 and the Constitution.
AIBOC had also contended that the In-principle
Approval given by the Banks' Boards were void as the posts of workmen and non-workmen directors in the Board had been kept open for years by the Government and the decision to give approval to amalgamate the entities could not be validly taken without the participation by the workmen and non-workmen directors, who are important stake holders in such a decision.
We are pleased to announce that a Division Bench of Hon’ble Delhi High Court comprising of Justice Ravindra Bhat and Justice A.K. Chawla, effectively issued notice and agreed to hear the plea.
Sr. Advocate Shri Arvind P. Datar appeared for AIBOC, while Central Government and Bank of Baroda were represented by the newly appointed Solicitor General Shri Tushar Mehta and ASG Ms. ManinderAcharya.
The date of hearing is fixed for 29th October .
2018.
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In today's discussion with IBA we reiterated
1. Their offer of 6% should be substantially improved
2. Performance Linked Pay should be delinked from wage revision and
3. Resolution of mandate issue -
IBA repeated their proposal that wage increase should be linked to paying capacity - we have rejected and informed that if IBA does not change their stand it will lead to confrontation and agitation -
Circular follows.
SK Bandlish ,Convenor UFBU.
बैंको का amalgamation बैंको के राष्ट्रीयकरण की भावना के विरुद्ध है।
ReplyDeleteBPS वार्ता मे जब IBA ने अड़ियल रुख अपना रक्खा है तो UFBU तारीखों पे तारीख लेकर समय क्यों खराब कर रही है। जब तक IBA कोई ठीक प्रस्ताव ना दे तब तक वार्ता की अगली तारीख का पूरी तरह से विरोध करें।
Under any circumstances, come what may, our beloved AIBOC must prove itself by effectively achieving better PAY SCALES & ALLIWANCES which are at par with what GROUP A officers of CENTEAL SERVICES are drawing now..LUNCH BREAK duration must be modified to SIXTY MINUTES,from 1330 hrs to 1430 hrs without altering the business hours of ten am to four pm, all STAFF LOANS must be at FOUR PERCENT SIMPLE INTEREST only w.e.f. 01.11.2017, Working Hours for OFFICERS in all PSBs must be clearly fixed as from 0930 am to 0630 pm...though late than never, the SELF RESPECT & DIGNITY of OFFICER POST in PSBs must be upheld..God speed AIBOC.
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