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Showing posts with label Bank Employees Latest News. Show all posts
Showing posts with label Bank Employees Latest News. Show all posts

Thursday, 24 September 2015

18:10

AIBEA : IBA’s Circular on Stagnation Increments to Clerical Staff

AIBEA : IBA’s Circular on Stagnation Increments to Clerical Staff

ALL INDIA BANK EMPLOYEES’ ASSOCIATION
Central Office: “PRABHAT NIVAS” Regn. No.2037
Singapore Plaza, 164, Linghi Chetty Street, Chennai-600001

Circular Letter No.27/148/2015/44

Date 23-9-2015

Dear Comrades,

IBA’s Circular on Stagnation Increments to Clerical Staff

Further to the 10th BP Settlement, some of our units have been seeking clarification on implementation of the provisions relating to sanction of Stagnation Increments. We had taken up the issue with IBA for issuing their Circular to the Banks and accordingly IBA has now issued their Circular No. 1377 dt. 22-9-2015. Copy of the said Circular is furnished herein for the information of our units and for follow up with the respective managements.

With greetings,

Yours Comradely,

sd/-
C.H.VENKATACHALAM
GENERAL SECRETARY




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Sunday, 2 August 2015

17:11

Mediclaim Policy for Bank Employees Through IBA by this Month End

Mediclaim Policy for Bank Employees Through IBA by this Month End

All state-run general insurers are likely to issue a master mediclaim policy for bank employees through Indian Banks Association (IBA) by this month end. 

As per the new wage agreement reached between bank unions and the IBA on May 25, employees of all the 43 member banks are to be provided with a health insurance cover by their respective banks. 

"Our discussions are on with the IBA on the health insurance cover for bank employees as part of the wage pact," New India Assurance chairman and managing director and chairman of General Insurers (Public Sector) Association (GIPSA) chairman G Srinivasan told PTI. 

However, he refused more details saying "things are still on the drawing board." 

"This is for the first time a proper health insurance policy is being worked out by banks for their employees," he added.

The IBA comprises 25 state-owned banks, 11 old-generation private sector banks and seven foreign banks which employ 10 lakh employees apart from 3 lakh retirees. 

"The master policy to be issued for employees,officers and

retirees of member banks, by month-end will cover the domissory treatment, minor and major surgeries," an IBA official said. 

Chennai-based United India Insurance is the lead insurer for the scheme. 

"We have made United India Insurance as the lead insurer while the other three will act as co-insurers in this case and we have decided to provide health insurance cover with a ceiling of Rs 3 lakh in case of workmen and Rs 4 lakh in case of bank officers," the IBA official said. 

"The premium to be paid by banks will be around Rs 6,000 per annum in case of officers and Rs 5,000 in case of employees," he added. 

The 10th bipartite wage agreement agreed to introduce a social security scheme in the form of reimbursement of hospitalisation expenses up to Rs 5 lakh, which include all dependent and family members of the bank employee. 

Already medical aid is covered in the 15 per cent wage hike, and the new health scheme will ensure 100 per cent reimbursement in case of hospitalisation.

Source :Business Standard.
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Tuesday, 23 June 2015

22:08

Government Gives Green Signal For Arrear Payment

Government Gives Green Signal For Arrear Payment

F.No 4/1/5/2012-IR
Government Of India
Ministry of Finance
Department of Financial Services

Jeevan Deep,IIrd Floor
Parliament Street,NewDelhi
Dated the June 19,2015

To,
Sh.M.V.Tanksale,
Chief Executive,
Indian Bankers Association,
Mumbai.

Subject :Salary Revision for Officer Employees of Public Sector Banks Governed by officers service Regulation -10 th Bipartite Settlement for period 1.11.2012 to 31.10.2017

Order Copy Attached.



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07:51

Finance Ministry approved 10th Bipartite Settlement Wage Revision for Officer Employees of Public Sector Banks

Finance Ministry approved 10th Bipartite Settlement Wage Revision for Officer Employees of Public Sector Banks

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 Delhi,
Dated the June 19, 2015

To
Sh. M.V.Tanksale,
Chief Executive,
Indian Banks’ Association,
Mumbai.

Subject: 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

Top Headlines: Bank Employees Announce Strike on 24.6.2015
Sir.
I am directed to refer to your letter No. HR&IR/KSC/GOVT/665 dated 25th May, 2015 on the above subject and to say that Government has ‘No objection‘ to IBA authorizing the Banks to pay revised salary and arrears of pay and allowances to serving officers and revised pension and arrears to existing pension optees retired w.e.f. on or after 1.11.2012 as per the provisions at the Joint Note pending amendments to the Officer’s Service Regulations/Pension Regulations subject to the provisions made by the respective banks in the particular year.

2. As regards declaring 2nd and 4th Saturday as holidays and other Saturdays as full working days is concerned. IBA may rater to this Department’s letter No. 4/1/7/2015-IR dated 2.6.2015.

3. This issues with the approval of Hon’ble Finance Minister

Yours faithfully,

(S R. Mehar)

Deputy Secretary to the Government at India

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Friday, 19 June 2015

21:15

Bank Employees Announce Strike on 24.6.2015

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 the State Bank of Bikaner and Jaipur, the State Bank of Travancore, and the State Bank of Hyderabad, come under the Public Sector Bank Employees Union, the one-day strike is very likely to cripple money transactions on the day of the protests.

Demands:
De-link Associate Banks from SBI
Do not curb trade union right of representation
Vacate attacks on trade union in SBBJ
Extend compassionate appointment scheme as per Government guidelines.
Increase quantum of staff housing loan.
Recruitment of sub staff and part time employees
Resolve pending demands
Do not impose SBI service condition and career progression in Associate Banks
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