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Showing posts with label bank members. Show all posts
Showing posts with label bank members. Show all posts

Tuesday, 23 June 2015

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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Monday, 25 May 2015

07:46

First Meeting of Advisory Board for Railway Financial matters held; Minister meets Board, Bankers on investment

First Meeting of Advisory Board for Railway Financial matters held; Minister meets Board, Bankers on investment

New Delhi: Chairing the first meeting of the newly-constituted Advisory Board on Financial Matters, Union Minister of Railways Suresh Prabhu on Monday drew the attention to the huge investment requirement in Railways and the various sources and structures under consideration to mobilize the required resources. He discussed with leading bankers ways in which resources could be mobilised for railways. The minister briefed leading bankers on the huge investment requirement of the Railways. During the discussions several suggestions were made for attracting domestic and international funds, steps required to give comfort to investors/lenders and to ensure sustainability of the funding models.

Prabhu also highlighted the complex task of various projects with discrepancies in their returns. Minister of State for Railways Manoj Sinha was also present during the discussion. The Railway Minister in his Railway Budget had announced setting up of an Advisory Board dealing financial aspects. The Board consisting of top names of the financial world is expected to guide and advise on matters of sourcing investments into Railway infrastructure development. A Financial Services Cell has also been created in the Ministry to focus on this aspect.

The members of the Advisory Committee are Chairman ICICI Bank KV Kamath, SBI Chairperson Arundhati Bhattacharya, Executive Chairman of IDFC Rajiv Lall and Founder of The Quintillion Media Pvt. Ltd Raghav Bahal. Railway Board Chairman AK Mital and members of the Railway Board, other senior officers of the Ministry and Managing Director, IRFC too attended the meeting.

“Several suggestions were made by members of the advisory board for attracting domestic and international funds, besides steps needed to be taken up to give comfort to investors or lenders and to ensure sustainability of the funding models,” said the official.

Prabhu in his Rail Budget speech had announced an investment of Rs.8.5 lakh crore in Railways in the next five years. In this regard the Ministry has already signed a MoU with LIC of India for a funding assistance of Rs.1,50,000 crore. The Annual Plan size for 2015-16 was also doubled to cross Rs.1 lakh figure in 2015-16.

The advisory board was proposed by Mr Suresh Prabhu in the Parliament.
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