UFBU said that we are happy to inform that in the meeting held on 22nd July 2020 between IBA and UFBU, broad understanding has been reached and MOU has been signed. On 22.07.2020 IBA Chairman informed UFBU that IBA is agreed to improve Family Pension to uniform 30% for all without any ceiling On 22.07.2020 … Read more
11th Bipartite Settlement Latest News 2020: Bank Employees Wage Revision effective from 1.11.2017 Salary Revision from 1.11.2017 The wage revision will be effective from 1.11.2017 for Bank employees. Annual Salary Hike The annual wage increase in salary and allowances is agreed at 15%. Distribution of annual wage increase between Workmen and Officers will be worked … Read more
Summary of Bank Bipartite meeting on 12th October 2018 No such breakthrough as expected did happen in the meeting between Bank Unions and IBA. In today’s discussion, Union reiterated that offer of 6% increase should be substantially improved. Performance linked pay should be delinked from age revision. IBA repeated their proposal that wage increase should … Read more
Bank Wage Revision – Discussions with IBA on 29.9.2018 ALL INDIA BANK OFFICERS’ ASSOCIATION Circular No.20/VII/2018 October 1, 2018 TO ALL AFFILIATED UNITS / STATE COMMITTEES Dear Comrades, WAGE REVISION – DISCUSSIONS WITH IBA. OPERATING PROFITS AND RETURN ON ASSETS ARE THE KEY FACTORS LEADING TO BANKWISE SETTLEMENT. The discussion on wage revision, which was … Read more
11th Bipartite: Wage Negotiation with IBA on 5th May 2018 “In talks today IBA made a meager offer of 2% increase and hence it was rejected by UFBU. Hold massive demonstrations on 9th May throughout the country. Get ready for 2 days strike by month end – AIBOA Secretariat” Details awaited… More links: 11th Bipartite … Read more
11th Bipartite Settlement : Meeting of the Core Group (Workmen) was held on 6.9.2017 11th BPS – Talks held on 6/9/17 “Today , Meeting of the Core Group (Workmen) was held. No decision was taken during the meeting on any issue. Financial matters (wage related) were not discussed. No offer on Salary Rise was made … Read more
Bank Wage Revision – 3rd Round Constitution of Sub-Committees WAGE REVISION – THIRD ROUND CONSTITUTION OF SUB-COMMITTEES Circular No. 9/VII/2017 July 21, 2017 To: ALL UNITS / STATE COMMITTEES Dear Comrades, WAGE REVISION – THIRD ROUND CONSTITUTION OF SUB-COMMITTEES Post submission of Wage Revision Charter of Demands by Workmen and Officers Organisations, the first meeting, … Read more
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
Salary hike for Bank Employees, 30 month Pay Arrears – New Wage Revision agreement to be signed on the 25th A 15% salary hike, 30 months pay arrears and other such concessions are part of the new wage agreement(Joint Note / Bipartite Settlement) that the United Forum of Bank Unions and the Indian Banks’ Association … Read more
Financial Components of Wage Revision – AIBOA Circular ALL INDIA BANK OFFICERS’ ASSOCIATION Circular No.10/VI/2015 May 20,2015 Camp :Mumbai All Units / State Committees Dear Comrades, · Understanding reached on financial components of wage revision. · 7th Joint Note to be inked on 25th May 2015 at Mumbai Today, the penultimate round on the current wage … Read more