Central Government Employees Latest News

8th Pay Commission Latest News Today, Pay Matrix, Expected DA Rates Table

You are here: Home / 11th Bipartite / Wage Talks with IBA – One More Mere Routine Exercise
7th Pay Commission Salary Calculator January 2025 (55% DA Updated)
January 2025 DA Calculator (55% Confirmed!)
New Rates of House Rent Allowance (Updated 2025)
New Rates of Transport Allowance (Updated 2025)
Central Government First Pay Calculator 2025

Wage Talks with IBA – One More Mere Routine Exercise

October 23, 2018 admin Leave a Comment

Wage Talks with IBA – One More Mere Routine Exercise

WAGE TALKS WITH IBA – ONE MORE MERE ROUTINE EXERCISE.

ALL INDIA BANK OFFICERS’ ASSOCIATION

Circular No.22/VII/2018

October 14, 2018

TO

ALL AFFILIATED UNITS / STATE COMMITTEES

Comrades,

WAGE TALKS WITH IBA – ONE MORE MERE ROUTINE EXERCISE.

IBA has invited the nine organizations for a meeting at Mumbai on 12th October 2018 at 12.00 noon.

2. Preceding the meeting with IBA, on 11/10/2018, four officers’ organizations met at INBOC office at 4.45pm, to decide the collective and consensus approach of the organizations on IBA’s proposal of introduction of variable pay in one form or other in the present discussion itself. Amongst us, it has been decided to prioritize the issues: 1. Fractured Mandate; 2. Merger of Banks; 3.Expeditious conclusion of wage talks and 4.Focus on core banking activities and stop misselling of third party products. There are other issues like up-dation of pension, Family Pension and Recruitment of adequate workforce in the Industry. AIBOA was represented by Com.V.Ramabhadran, Convenor, Wage Committee, Com.V.Viswanathan President, AIBOA (MSC), along with the undersigned.

3. The representatives of the nine constituents met in the IBA office as per the requirements of the situation by preponing the meeting scheduled to be held on 14th at Mumbai to 12th at 09.30 hrs, at IBA office. AIBOA was represented by Com.Narendra Kotiawala, DGS, Com.V.Ramabhadran, Secretary, AIBOA along with the undersigned. The meeting commenced a bit late but the decision was unanimous on rejecting the proposal of the IBA on introduction of fixed and variable pay as part of current wage talks. On Merger of three banks, the discussions were inconclusive, as the time scheduled for discussion was at 12.00 hrs.

4. The IBA team was led by Shri. G.Rajkiran Rai, MD&CEO Union Bank of India, Shri.Prashant Kumar, CFO, SBI, Shri.V.G.Kannan CEO IBA, Shri.B.Raj Kumar Dy.CEO IBA, Shri.S.K.Kakkar Sr.Advisor HR&IR IBA, Shri.K.S.Chauhan and other officials of the HR Department participated in the exercise. Shri. R.K. Takkar Chairman Negotiating Team IBA, MD & CEO UCO Bank, and Shri Shyam Srinivasan MD&CEO Federal Bank were on Video Conference mode. The nine unions’ representatives were present in the discussions.

5. In the 90 minutes exchange of expressions between both parties came to an end with the following candid collective and consensus conclusions from 9 unions side to the IBA stand.

· IBA’s earlier offer of 6% on Pay slip Components made on 30th JULY 2018 should be enhanced substantially.

· Introduction of linkage of Pay with Return on Assets[ROA] and also on Operating Profit has been rejected in toto.

· The managements of SBI,BOB,PNB, UNION BANK AND INDIAN BANK should be prevailed upon by IBA as per the advice of CLC to revise their stand to cover all seven scales, as in the past.

6. It has been also made clear that there is every possibility of entering into confrontation mode because of the rigid approach of the IBA.

7. In the post lunch session, the adjourned meeting of the nine constituent unions commenced to transact the remaining issues for arriving at a decision. The representatives of INBOC and NCBE too expressed their organizational stand on merger of Banks. At the end, it was decided to escalate the resistance level in a gradual and sustained manner by the unions culminating in two days strike in the winter session of the Parliament.

8. In our assessment, struggles are the only available avenue to move forward to secure a reasonable wage hike, as the workforce collectively worked to give a substantial gross profit in the year ended 2017 and 2018.ONWARD

MARCH TO STRUGGLES AGAINST THE MERGERS ,
FRACTURED MANDATE AND
RESPECTABLE WAGE REVISION
LINKING TO RISK, RESPONSIBILITY,
ACCOUNTABILITY AND TRANSFERABILITY.

Yours comradely,
S.NAGARAJAN.
GENERAL SECRETARY

Source: AIBOA

No related posts.

Filed Under: 11th Bipartite

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Online Calculators

  • 7th Pay Commission Salary Calculator January 2025 (55% DA Updated)
  • Expected DA from July 2025 Calculator
  • Pay Scale Conversion Calculator
  • 7th CPC Increment Calculator 2025
  • KVS PGT, TGT, PRT Teacher Salary Calculator 2025
  • Bonus Calculator for CG Employees 2025
  • CGEGIS Savings Fund Benefit Calculator Updated 2025
  • Central Government First Pay Calculator 2025
  • Retirement Date Calculator for CG Employees
  • DA Arrears Calculator January 2025 (55% Updated)
  • Commutation Factor Value of Pension Calculator
  • Leave Encashment of CG Employees Calculator
  • HRA Income Tax Exemption Calculator for Salaried Employees
  • 7th CPC Pension and Arrears Calculator
  • Fixation of Pay on Promotion Calculator as per FR 22(I)(a)(1)
  • 7th CPC Pay Calculator for Teachers in Universities and Colleges
  • 18 Months DA Arrears Calculator for CG Employees
  • 18 Months DA Arrears Calculator for CG Pensioners
  • 7th CPC TA & DA Calculator
  • Government Pension Calculator 2025
  • CPSE (IDA Pay Scale) Salary Calculator
  • DA Amount Calculator Online 2024
  • Dearness Relief (DR) Calculator for Pensioners
  • Expected January 2024 IDA Calculator for BSNL Employees
  • Expected IDA Calculator from April 2024 for CPSE Employees
  • GPF Interest Rate Calculator
  • HRA Online Calculator
  • LTC Cash Voucher Scheme Calculator
  • Option Calculator for Promotion or MACP to Switch over to 7th CPC
  • OROP Arrears Calculator for Defence Pensioners
  • Simple Online New & Old Regime Income Tax Calculator

State Govt Calculators

  • Maharashtra Govt 7th Pay Commission Calculator
  • Karnataka Pension and Family Pension Calculator
  • Option for Fixation Calculator for Tamil Nadu Govt Employees
  • Pay Calculator for Jammu & Kashmir Govt Employees
  • Pay Scale Calculator for Karnataka Govt Employees
  • Rajasthan Employees Pay Matrix Calculator
  • Tamil Nadu Govt Employees Pay Calculator
  • WB 6th Pay Commission Revised Pay Calculator

Top Pages

  • Pay Matrix Table for Central Government Employees
  • 7th CPC DA Calculation Table 2016 to 2025
  • DA Rates Table 2025 | Current DA Rate 53%
  • CSD Price List 2025: Car, Bike, Scooter, AC, TV, WM and Fridge
  • Kendriya Vidyalaya Fee Structure 2025-26
  • Kendriya Vidyalaya Balvatika School Admission Form 2025-26
  • 7th CPC Briefcase Allowance 2025

8th Pay Commission News

  • Latest 8th Pay Commission News Date, Salary Slab, Pay Scale Calculator
  • Expected 8th Pay Commission Pay Matrix Table

Latest Discussions

  • Manoj Kumar on Clarification on MACP Grade Pay 4200 to 4600 Inspector Posts
  • M K KUMAR on Gratuity ceiling raised to 20 Lakhs w.e.f. 29.3.2018
  • M K KUMAR on Clarification on MACP Grade Pay 4200 to 4600 Inspector Posts
  • Meena on KV School Contractual Teachers | Consolidated Pay and Qualification for all Posts 2025-26
  • dilip yadaav on 7th CPC MACP APAR Benchmark Grading System
  • A V FERNANDEZ on 7th CPC Pay Fixation on Promotion Calculator with Matrix Table 2025
  • Harpreet Singh on Gratuity ceiling raised to 20 Lakhs w.e.f. 29.3.2018
  • Thirumalesh C on Clarification on MACP Grade Pay 4200 to 4600 Inspector Posts
  • M K KUMAR on Karnataka Pension and Family Pension Calculator
  • M K KUMAR on Karnataka Pension and Family Pension Calculator
Copyright © 2023 | Central Government Employees News | 7th Pay Commission News | Sitemap | Site maintained by TEUT Digital Concepts