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Bank Employees News

IBA Clarification on Paternity Leave, Encashment on LFC, Re-fixation of Pay and Special Allowance

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IBA Clarification on Paternity Leave, Encashment on LFC, Re-fixation of Pay and Special Allowance ALL INDIA BANK EMPLOYEES’ ASSOCIATION Singapore Plaza, 164, Linghi Chetty Street, Chennai – 600001 CIRCULAR No.27/120/2015/31 To ALL UNITS AND MEMBERS: 27th July, 2015 Dear Comrades, We reproduce hereunder the IBA’s Circular No.1120 dated 25-7-2015 providing clarification on the following issues referred to them. … Read more

Finance Ministry approved 10th Bipartite Settlement Wage Revision for Bank employees

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Finance Ministry approved 10th Bipartite Settlement Wage Revision for Bank employees for period 1.11.2012 to 31.10.2017 Salary Revision for Officer Employees of Public Sector Banks governed by Officer’s Service Regulation – 10th Bipartite Settlement for period 1.11.2012 to 31.10.2017 Government of India Ministry of Finance Department of Financial Services Jeevan Deep. IIIrd Floor, Parliament Street, New … Read more

Bank Employees Announce Strike on 24.6.2015

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Bank Employees Announce Strike on 24.6.2015 The Public Sector Bank Employees Union has proposed a one-day strike on the 24th of this month, demanding the fulfillment of their various demands. The All India Bank Employees Union has expressed its support for the strike. Since State Bank of India and all its other associate banks, including … Read more

10th Wage Agreement – IBA Circular

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10th Wage Agreement – IBA Circular Indian Banks’ Association 10th Wage Agreement Indian Banks Association inked wage settlement with Employee Unions and Officers’ Associations today, 25th May, 2015. The settlement gives 15% increase in salary and Allowances to about 10 lakh bank employees. Employees and officers from 43 banks including public sector banks, old private … Read more

Bank Employees DA – Orders issued for May, June and July 2015 by IBA

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Bank Employees DA – Orders issued for May, June and July 2015 by IBA IBA issued orders for Dearness allowance for bank employees from May 2015. Indian Banks’ Association HR & INDUSTRIAL RELATIONS No.CIR/HR&IR/76/D/2015-16/1742 May 2, 2015 All Members of the Association (Designated Officers) Dear Sirs, Dearness Allowance for Workmen and Officer Employees in banks … Read more

IBA – UFBU meeting on 16th April 2015 – AIBEA Report

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IBA – UFBU meeting on 16th April 2015 – AIBEA Report Today (16-04-2015) IBA – UFBU meeting took place wherein all details of proposed new medical reimbursement scheme was discussed. Scheme will be finalised shortly. For retirees also we have asked IBA to workout a similar scheme. In the afternoon discussions on other demands of … Read more

10th Bipartite Settlement – Sub committee meeting on bank bipartite on 16th April

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10th Bipartite Settlement – Sub committee meeting on bank bipartite on 16th April Sub committee meeting on bank bipartite on 16th April As per the Minutes signed by the Bank Unions (UFBU)and Indian Banks Association(IBA) on 23rd Feb 2015 the 10th Bi partite Settlement on Bank Employees wage Revision has to be signed within 90 days. … Read more

Bank Employees Wage Revision – Feedback of meeting with IBA on 17.3.2015

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Bank Employees Wage Revision – Feedback of meeting with IBA on 17.3.2015 All India Bank Employees Association (AIBEA) published the discussion points in the meeting with Indian Banks Association held on 17th March 2015. Nearly 26 points were discussed in the meeting and more important issues like construction of Revised Pay Scales, revised DA formula, … Read more

Government wants to encourage Bank Boards to restructure their business strategy…

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Government wants to encourage Bank Boards to restructure their business strategy and also suggest way forward for their consolidation and merger with other banks if it is win-win for both. Banking Reforms Performance of Public Sector Banks has remained sub-optimal so far. The Government is taking various steps to improve the situation both on governance … Read more

AIBOA published discussion and decision taken in the meeting with IBA on 23.2.2015

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AIBOA published discussion and decision taken in the meeting with IBA on 23.2.2015 ALL INDIA BANK OFFICERS’ ASSOCIATION Circular No.6/VI/2015 February 23, 2015 Camp: MUMBAI To: ALL UNITS / STATE COMMITTEES Dear Comrades, WAGE REVISION – 18TH ROUND. TOTAL QUANTUM CLINCHED. A NEW SERVICE CONDITION INTRODUCED. 4 DAYS STRIKE CALLED OFF. In the background of … Read more