IBA UFBU Bipartite Talks held on 17-1-2014 – 9.5% increase Offered

IBA UFBU Bipartite Talks held on 17-1-2014. IBA improved their initial offer from 5% to 9.5%.

Next round of negotiations on 27th January, 2014. Strike on 20th and 21st January 2014 deferred.

All India Bank Employees Association’s Note:

IBA invited the UFBU for discussions and the bipartite talks were held today in Mumbai in the office of IBA. IBA was represented by Mr T M Bhasin (CMD, Indian Bank) Chairman of the Negotiating Committee, Mr. M V Tanksale, Chief Executive of IBA and other CMDs/EDs who are members of the IBA’s negotiating team. UFBU was represented by the representatives of all the constituent unions.

During the discussions held, after protracted negotiations, IBA finally agreed to improve their earlier initial offer of 5% on cost of Pay slip components (which amounted to Rs. 1575 crores ) to 9.5 % (amounting to around Rs. 3000 crores) which is exclusive of retirement benefits and other costs. The IBA also reiterated that they would expedite the negotiations and conclude the Settlement by June, 2014. IBA further informed that the next round of negotiations will be held on 27th January, 2014.

From UFBU side, while explaining the rationale behind charter of demands, UFBU pointed out that their offer needs to be further enhanced before any finality could be reached. However, looking to their improved offer and assurance to expedite the settlement, it was decided to defer agitational programmes and proposed strike action on 20th and 21st January, 2014.

Further developments will be informed to units after the next round of negotiations. In the meantime, it is necessary to maintain our unity and preparedness which alone can guarantee accomplishment of our demands.

source: All India Bank Employees Association

All India Bank Officers Association Circular


Circular No.2:VI:2014

January 17, 2014




Wage Revision talks – 7th round- Developments

48 hours strike deferred

In the background of the conciliation proceedings held at the office of CLC[C] on 13th January 2014, the 7th round of talks was held at IBA office, Mumbai today.  IBA was represented by Shri T.M.Bhasin, Chairman, Negotiating Committee, IBA, Shri S.L.Bansal, CMD, OBC, Shri Rajiv Rishi, CMD, CBI, Dr.J.N.Mishra, DMD, SBI, Shri Rakesh Sethi, ED, PNB, Shri M.V.Tanksale, CEO, IBA, Shri K.Unnikrishnan, Dy.CEO besides the officials of HR department, IBA.

2.         The representatives of constituent unions met prior to IBA meeting for deciding the collective course of actions to move forward in the negotiations of wages and other issues listed in the Charter of Demands.

3.         As this meeting was the first one in 2014, pleasantries were exchanged.  Chairman, Negotiating Committee IBA initiated the dialogue by chronologically listing out the progress made in the earlier six rounds of discussions.  Taking forward the discussion, CEO, IBA reminded the constituent unions to respond to the three issues viz., [i] C2C [ii] negotiations for officer upto Scale III and [iii] Hospitalisation to be linked Health Insurance package.  While IBA is positive to move the matter further, sought to know the UFBU’s approach on the proposed strike on 20th/21st January 2014, saying that the owners are unhappy of declaring strike in the Industry.

4.         The Union’s representatives made it clear that unless there is substantial improvement in the offer already made, it would be difficult to take a call on the strike declared.  After repeated reiteration from our end, the IBA made an offer of “9.5%” increase on payslip components amounting to around Rs.3000 crores with an assurance to improve further.  The next date for discussion has been fixed to be held at Mumbai on 27.01.2014.

In view of the forward movement in the talks, it was decided to defer the “48 hours strike” on 20th & 21st January 2014.

 Yours comradely,



Source : aiboa.org