IDBI Bank: AIBEA wants RBI to reconsider decision

PSBs' wage negotiations stuck over IBA's performance-linked pay proposal

The eleventh bipartite agreement for wage revision of about 800,000 public sector bank (PSB) employees is stuck over a proposal by the Indian Banks’ Association (IBA) to link salaries of senior executives with performances of banks. This is for the first time that the IBA has proposed a performance-linked pay for banks. While the officers’ union had been opposing the move, now the workman unions have decided to go ahead with talks.  The IBA had proposed that remuneration of grade six and seven be linked to the return on assets and operating profit of banks.

RBI PENSION REVISION

OFFICERS PAY SCALE

STARTING SALARY OF OFFICERS IN PUBLIC SECTOR BANKS PRIVATE BANKS AS PER LATEST WAGE SETTLEMENTS.
Details	HRA Center I (9%)	HRA Center II (8%)	HRA Center III (7.00%)
Officers-Scale I.
Basic pay	23700	23700	23700
Special Allowance	1837	1837	1837
Dearness Allowance( From November 2018 DA rate : 60.7 % of B.P and Spl Allowance)	15501	15501	15501
House Rent Allowance	2133	1896	1659
Total Salary-Officer Scale I	43171	42934	42697
Officers-Scale II.
Basic pay	31705	31705	31705
Special Allowance	2457	2457	2457
Dearness Allowance(From November 2018 DA rate : 60.7 %of B.P and Spl Allowance)	20736	20736	20736
House Rent Allowance	2853	2536	2219
Total Salary-Officer Scale II	57751	57434	57117
Officers-Scale III.
Basic pay	42020	42020	42020
Special Allowance	3257	3257	3257
Dearness Allowance(From November 2018 DA rate : 60.7 % of B.P and Spl Allowance)	27483	27483	27483
House Rent Allowance	3782	3362	2941
Total Salary-Officer Scale III	76542	76122	75701
Officers-Scale IV.
Basic pay	50030	50030	50030
Special Allowance	5003	5003	5003
Dearness Allowance(From November 2018 DA rate : 60.7 % of B.P and Spl Allowance)	33405	33405	33405
House Rent Allowance	4503	4002	3502
Total Salary-Officer Scale IV	92941	92440	91940

• Add to the Salary :City Compensatory Allownce as follows :
• CCA (I) Places in Area 1 and in the State of Goa 4% of Basic Pay Maximum : Rs.870/- p.m
• CCA(II) Places with population of five lakhs and over and State Capitals and Chandigarh,
  Puducherry and Port Blair 3% of Basic Pay Maximum :Rs.600/- p.m.
• House Rent Allowance depends on place of posting
• HRA I : Major A Class Cities and Project Area Centres in Group A 9.00% of Pay
• HRA II : Other places in Area I and Project Area Centres in Group B and State of Goa 8.00% of Pay
• HRA III : Other places 7.00% of Pay
• Dearness Allowance varies quarterly with every rise or fall of four points 0ver 4440 points in the
  "All India Average Working Class Consumer Price Index (General) Base 1960=100".
• Apart from the above major components of salary ,you are eligible at the time of joining bank
  depending on qualification and place of posting :
  
  • 1.Professional Qualification Pay (PQP)
  • 2.Hill and Fuel Allowance
  • 3. Project Area Allowance .

  • 4.Split Duty Allowance etc etc

MEETING TO BE HELD ON 13.03.2019

11th Bipartite 11th Bipartite Wage Revision for Bank Officers and Workmen will be done separately
11th Bipartite Wage Revision for Bank Officers and Workmen will be done separately
Split in UFBU - ET has reported that the process of 11th Bipartite wage negotiation for public sector bank officers and workmen may be done separately. Wage revision in public sector banks takes place in every five years. The 11th bipartite settlement is due from Novemb
11th Bipartite Wage settlement is already pending since 01st Nov 2017. The largest officers union boycotting the talks while the workmen unions are in favour of going ahead with it. 
While the negotiation process for the 11th bipartite settlement may be split , the wage revision is any way likely to be delayed by at least three months following the imposition of model code of conduct before Lok Sabha elections.
IBA has raised its offer to 10% hike but the bipartite talks are stuck as the All India Bank Officers Confederation (AIBOC) is protesting the proposal to leave deputy general managers and general managers out of common wage negotiation purview which would pave the way for bank-wise wage hike for them.

Following this impasse, the five workmen unions led by All India Bank Employees Association are keen to go ahead with negotiation only for their members under the Industrial Dispute Act. Workmen includes clerical and subordinate staff of banks. A final decision will be taken Wednesday at a United Forum of Banks’ Union meeting, AIBEA president Rajen Nagar told ET. 

Differences within the UBFU -- the umbrella body with nine unions -- surfaced publicly in last December when AIBOC observed a one day bank strike on December 21, five day before another strike called by all unions.


IBA had earlier proposed a split mandate for officers up to scale III suggesting bank-wise increment for officers in Scale IV to VII. It is learnt that the bank management body has now proposed to expand the scope of bipartite wage talks up to Scale V officers. DGMs and GMs in public sector banks are in scale VI and scale VII respecti

The updated proposal for officers means bipartite negotiation will now cover 3.76 lakh officers, which is 99.27% of total officers in public sector banks.

“In any case, about three months delay is likely for wage revision benefits to workforce & improvement in superannuation benefits to past pensioners,” another union leader said.

Since the eight bipartite settlement, the wage hike talks have been held jointly for workmen and officers. The 21 public sector banks has over 8.5 lakh people with about 458000 workmen.