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Demonstration by bank employees

LUDHIANA: The All-India Bank Officers’ Confederation, Ludhiana unit, held a demonstration in front of the Punjab National Bank , Zonal Office / Circle Office, Ludhiana.

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Tribune News Service

Ludhiana, December 17

The All-India Bank Officers’ Confederation, Ludhiana unit, held a demonstration in front of the Punjab National Bank , Zonal Office / Circle Office, Ludhiana.

The demonstration was attended by more than 400 officers on the issues including full and complete mandate for officers (Scale I to VII) wage revision in 11th Bi-partite-settlement, salary revision as per charter of demands only, to ensure proper work-life balance of bank officers and immediate introduction of five-day week, settlement of retirees issues including family pension/ updating of pension, focus on core business and NPA recovery – stop miss-selling of third party products, scrapping of NPS and switching over to Defined Pension Payment Scheme as existing, immediate resolution of HR issues in Catholic Syrian Bank and IDBI Bank, parity in pension and other benefits of RRBs with Public Sector Banks.

The employees are opposing the proposed amalgamation of Bank of Baroda, Vijaya Bank and Dena Bank, move to merge/ amalgamate existing regional rural banks, unabated attack on bankers in various parts of the country while discharging official duties, unilateral reduction of medical benefits of officers and steep increase in medical insurance premium of retirees among other issues.

Ashok Arora, organising secretary, AIPNBOA, while addressing the gathering said: “Most of the member banks have already given unconditional mandate to IBA. This has been the practice since 1979 when the uniform regulations on officers’ wages and service conditions were introduced. From 1979, on 8 consecutive occasions, i.e in 1979, 1984, 1989, 1995, 2000, 2005, 2010 and 2015, Joint Note Agreements have been signed by IBA with Officers’ Associations covering wage revision for all scales of officers from Scale I to Scale VII. Officers’ regulations, which deals in wages and service conditions of officers, is a composite regulation covering all scales of officers and excluding Scale IV to Scale VII Officers is unfair.”

JP Kalra, secretary AIBOC Ludhiana, also addressed the gathering and said negotiations have not been carried out on the lines of the charter of demands submitted by officers based on minimum wages concept. IBA has not shown inclination, in letter and spirit, to conduct meaningful negotiations based on the basic principles of the charter of demands.

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