On 15th October 2018, IBA informed member banks the premiums of Medical Insurance Scheme for Retirees for the period 01.11.2018 to 31.10.2019.

To know about premiums Click: http://aipnbsf.org/files/scan0002.pdf

In discussion held with IBA on 12th October 2018, UFBU reiterated that:

1. IBA's offer of 6% should be substantially improved,

2. Performance Linked Pay should be delinked from wage revision and

3. Resolution of mandate issue

IBA repeated their proposal that wage increase should be linked to paying capacity. UFBU have rejected and informed that if IBA does not change their stand it will lead to confrontation and agitation.

To know about detailed negotiations Click: http://aipnbsf.org/files/NCBE%20Cir.%2028_0.pdf

To know about next programmes Click: http://aipnbsf.org/files/ncbe%2029.pdf

IBA has advised all the banks to renew the Medical Insurance Policy for the working employees/officers

for the Year 1^st October 2018 to 30^th September 2019 based on the following revised quotation received from UIIC:-

  Note: IBA and UFBU have agreed to revise the Room Rent from Rs.5000 per day to Rs.4000 per day. 

             Policy for Retirees is due for Renewal from 01-11-2018. Premium Rates for Retirees’ Policy are under discussion.

In meeting held on 29^th September 2018 with IBA, UFBU demanded increase from their earlier offer of 6% but IBA proposed performance related additional bank-wise increase based on operating profit and ROA. UFBU did not agree and reiterated its demand. Further talks will continue in the next round. On merger issue UFBU to hold demonstrations on 9th October in all state capitals and towns. UFBU will meet on 14th October to decide further course of action.