Circular No. 9/VII/2017
July 21, 2017
ALL UNITS / STATE COMMITTEES
WAGE REVISION – THIRD ROUND
CONSTITUTION OF SUB-COMMITTEES
Post submission of Wage Revision Charter of Demands by Workmen and
Officers Organisations, the first meeting, and third round per se since the
beginning of the process was held today at IBA office in Mumbai focussing
mostly on modalities. IBA team was led by Chairman, Negotiating
Committee Shri R.K. Thakkar (UCO Bank) and included Smt. Usha Anantha
Subramanian (Allahabad Bank), Shri Prashant Kumar (SBI), Shri Shyam
Shrinivasan, Shri V.G. Kannan (CEO, IBA), Shri K.S. Chauhan (VP, HR &
IR, IBA) besides others. AIBOA was represented by Com.Alok Khare, Vice
Chairman in the meeting.
The hall mark of the meeting was that IBA team announcing constitution of
two sub-committees, while expressing their intent to expedite the Wage
Revision process. IBA sub-committee for “Officers’ Issues” is to be headed
by Shri Prashant Kumar (SBI) and would include Shri Ujjawal Kumar (UCO
Bank), Shri S.K. Choudhary (BOB), Shri K. Virupaksh (Canara Bank), Shri
B. Ashok (CBI), and Shri M.K. Biswal (BOM).
The Subcommittee for “Workmen Issues” is to be headed by Shri Rakesh
Sharma (Canara Bank) comprises of Shri H.C. Sati (Allahabad Bank), Shri
Mrityunjay Gupta (Bank of India), Shri Punit Jain (PNB), Shri P.S. Seshadri
(Indian Bank) and Shri Ajay Kumar Singh (SBI).
IBA urged UFBU to similarly constitute officers and workmen subcommittees
to interact with the IBA subcommittees, so that discussions may
start at earliest. IBA further advised that these sub-committees would mainly
discuss “non-financial” and “miscellaneous demands” listed in respective
CODs and consensus reached therein would be placed before the
Negotiating Committee for approval. However major issues of CODs having
financial implications would nevertheless be discussed and decided by
Negotiating Committee only. On the suggestions of UFBU, IBA team also
agreed to initiate process of seeking Government / RBI approvals / advices
on issues listed in our CODs, wherever necessary, like “Introduction of 5
Day Week in Banks”, “Linking Staff Welfare Allocations to Gross Profit –
instead of Net Profit” etc. IBA however informed that “Data Collection” from
banks for the purpose of Wage Revision is still under process.
IBA agreed with the UFBU on the date of effect of the next Wage Revision
to be 1st Nov. 2017.
UFBU team strongly raised the issue of fractured mandate explaining
historical perspective and scale inter-linking insisting IBA to cover all grades
of officers. IBA however reiterated earlier decision of its management
committee limiting current discussions upto MMG III only, as already
communicated. UFBU would pursue this matter further at appropriate levels.
Similarly IBA team responded negatively to the demand of Officers
Organisations for “Common Branch Categorisation Norms” as in the
The issue of unilateral infringement of agreed service conditions and nonpayment
of Demonetisation related O.T. / Compensation in certain banks
were also raised seeking IBA interventions. UFBU also requested for
frequent meetings with sufficient time provisions for wage revision
Comrades, with the discussion modalities getting fixed, we may hope the
Wage Revision discussions to get momentum in the days to come. The
current round of discussions though of a preliminary in nature marks the
beginning of the process. Numerous challenges and hurdles would
nevertheless await our current journey to reach the destination. Dark clouds
looming large over the Public Sector Banking Industry, need to be fought
back and defeated. With our unity, determination and spirit of ceaseless
struggles, we shall keep marching forward to overcome and achieve.
With Warm Greetings.