Bank Wage Revision - 11th Bipartite Settlement meeting on 21st Feb - Latest Updates

In today’s meeting of Main Negotiating Committee FC two major Unions of officers did not come to participate. They are AIBOC, NOBO. Like last meeting, they continued their boycott on the issue of fractured mandate.

The issue is IBA did not agree to negotiate for officers beyond scale III. Because a few Banks did not give IBA mandate to negotiate beyond scale III.

IBA clarified that they have showed willingness to negotiate for officers upto scale V. AIBOC & NOBO remained firm on usual negotiation upto scale VII. So they did not turn up for today’s meeting.
At the very beginning IBA put forth it’s dilemma about what to negotiate? As there are many common issues.
Even though IBA showed willingness to discuss about Workmen issues as majority officer Association AIBOC & NOBO were not present.
Differences within UFBU came forth on whether to go ahead and have negotiations. Despite IBA giving them time to settle, no agreement was reached.
Hence today’s meeting was postponed by IBA. After consulting all Unions next date will be decided and conveyed.
In short, NO TALKS were held today. Meeting postponed
The current Bank Employees Wage Revision is due from November 2017, after the 10th Bipartite Settlement ended in October 2017.
In the last wage revision in 2012, bank employees had received a 15 per cent wage hike, which roughly cost banks about Rs 83 billion. This time, bank unions were seeking a 25 per cent hike.
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