Banks to Remain Closed on all Saturday - Bank Unions

Banks to Remain Closed on all Saturday - Bank union

This year, employees union and officer association have demanded holidays on all Saturdays.

11th BPS Wage Revision To Finalise Before November 2017 - Govt

The finance ministry has asked the heads of public sector banks (PSBs) to finalise the modalities for timely implementation of the next pay revision from November.

Banks to remain closed on all Saturday, May Be from November 2017

Bank will remain closed on every Saturday

Banks can change the time of opening and closing for the common man. It is possible that the bank should open 9:30 a.m. instead of 10 a.m. and the work of the clients should be settled by 4 pm.

SBI PNB may move out from 11th Bipartite Settlement Nov 2017

Salary in 11th Bipartite Settlement

Large state-run lenders are seeking to break away from the system of negotiating periodic, industry-wide wage settlements with the unions and decide their own pay structures.

PSU Bank Employees Get Attractive Pay Packages Bank Board Bureau

Latest News - Salary of Bank Employees in 11th bipartite settlement

Public sector banks (PSBs) will have far more attractive pay packages with increased bonus, Employee Stock Ownership Plans (ESOPs) and other performances-linked variables in 2017-18, Bank Board Bureau Chairman Vinod Rai said on Thursday.

11th BPS Final Charter of Demands For Bank Employees

Unions have prepared the final 11th Bipartite Settlement Charter of Demands Bank Wage Revision 2017 of 104 pages, We can't write these on the post so we providing these into a PDF, You may download it from below given link.

Bank wage talks begin on May 2 - To be completed by October

Wage negotiations between bank employees and staff unions, on the one hand, and the bank managements, on the other, will get off the ground on May 2, on hopes of finalising the package by the end of October.

Bank officers, employees, and staff organisations will work through the United Forum of Bank Unions (UFBU), while the Indian Banks Association (IBA) would represent the bank managements.

Banking union sources said the first meeting would be an introductory one. The forum has given a summary of demands and will submit the details when talks begin. Sanjeev K Bandlish, convener, UFBU, representing 11 unions, will lead the team from the workers’ side.

The IBA has formed a panel of bankers for negotiations. Most public sector banks (PSBs), including State Bank of India (SBI), had given their board-approved mandate for talks, a senior PSB executive said. 

The term of the existing wage pact for the banking industry ends in October. The last wage negotiations, pending since 2012, were settled in May 2015 with a 15 per cent hike.

Since January last year, the finance ministry has been persuading banks to finalise the modalities for a timely implementation of the next pay revision from November 1, 2017.

There are 21 public sector banks after the merger of five lenders with SBI on April 1. They together employ about 800,000 people.

At a time when the government is contemplating cutting employee benefits in 10 laggard public sector banks, bank officers have demanded that they should be given a revised basic pay at par with central government officers on the principles of the Seventh Pay Commission.

The Pay Commission had recommended an overall 23.55 per cent hike in basic pay plus allowances. The government had accepted a 14.27 per cent hike in basics pay, while the allowances would have to be decided later.

• Source - Business Standard

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Govt instructs Banks to complete Bank Employees Wage Revision before Nov 2017

D.O.No. 4/2/2/15/IR

Girish Chandra Murmu, IAS .

Additional Secretary

Government of India

Ministry of Finance

Department of Financial Services

Jeevan Deep Building, 3rd Floor,

10, Parliament Street,

New Delhi-110 001

March 21, 2017

Dear MD/CEO

Kindly refer to this Department’s letter dated 12.01.2016, 24.08.2016, 21.10.2016 and 21.12.2016 addressed to all Public Sector Banks (PSBs) whereby PSBs were requested to initiate the steps taken for smooth conclusion of next wage revision of the employee within time frame. However, it is seen that several Banks are yet to proceed in the matter.

May I request PSBs to kindly look into the matter and to conclude the next wage revision prior to the effective date i.e. 01.11.2017.

With regards,

Yours sincerely,

(G.C. Murmu)

11th BPS Bank Employees Wage Revision Meeting on 2nd May 2017

ALL INDIA BANK OFFICERS’ ASSOCIATION

Circular No.5/VII/2017                                                  

May 2, 2017

To:

ALL UNITS / STATE COMMITTEES