On Government approval for revision of Staff Housing Loan Scheme, IBA instructed the banks to revise the same by their Boards

Department of Financial Services, Ministry of Finance, Government of India vide their letter no. F.No.4/5/2/2003-IR dated August 11, 2014 advised Public Sector Banks to revise the Staff Housing Loan Scheme. Accordingly, IBA vide their letter no. CIR/HR&IR/2014-15/624-A/482 dated August 12, 2014 has issued instructions to all Public Sector Banks to formulate the Staff Housing Loan Policy with the approval of their respective Boards keeping the Housing Loan Scheme to Staff outside the purview of Industry level Bipartite Settlement.

For letter issued by IBA to the Banks Click http://aipnbsf.org/files/Letter%20from%20IBA%20to%20Banks%20dated%2012.08.2014.pdf

Deptt of Financial Services, MOF, GOI advised PSBs to frame policy to minimize the hardship of female employees during transfers

Department of Financial Services, Ministry of Finance, Government of India vide their letter no. F.No.4/9/1/2014-IR dated August 8, 2014 advised Public Sector Banks including IDBI and SBI associates to frame policy on the subject with the approval of their Board to minimize the hardship of female employees during transfers, keeping in view the following:-  

i)       -To accommodate as far as possible placement/transfer of married female employee, on her request, at a place where her husband is stationed or as near as possible to that place or vice versa; and 

ii)     -To accommodate as far as possible placement/transfer of unmarried female employee, on her request, at a place where her parents, are stationed or as near as possible to that place. 

For more details Click http://aipnbsf.org/files/Transfer%20of%20Female%20Employees.pdf

NCBE met Sh Rajnath Singh, Hon. Home Minister to expedite Wage Settlement, Compassionate Appointment who responded positively

NCBE met Shri Rajnath Singh, Hon'ble Home Minister at New Delhi to expedite Wage Settlement, Compassionate Appointment etc. His response was positive. Department of Financial Services, Ministry of Finance, Government of India, assured to advise IBA to resume the talks on wage negotiations. 

Compassionate Appointment Scheme in PSBs on the lines of Central Govt cleared by the Govt. Ex-Gratia Scheme will be discontinued

Government of India vide their D.O.F. No. 18/2/2013-IR dated 7 August 2014 cleared Compassionate Appointment Scheme in Public Sector Banks on the lines of Central Government. Ex-Gratia Scheme in lieu of Compassionate Appointment will be discontinued. Scheme is effective from 05.08.2014. Necessary instructions in this regard have also been issued by IBA vide their Circular No.CIR/HR&IR/2014-15/532/476 dated 11.8.2014

To know about the Scheme Click http://aipnbsf.org/files/Compassionate%20Appointment%20Scheme.pdf

DA payable to employees for the Quarter Aug. to Oct. 2014 shall be 683 slabs i.e. an increase of 33 slabs over the current level

In terms of clause 7 of the 9th Bipartite Settlement dated 27.04.2010 and clause 3 of the Joint Note dated 27.04.2010, the rate of Dearness Allowance payable to workmen and officer employees for the quarter August 2014 to October 2014 shall be 102.45% of ‘Pay’ against 97.50% of ‘Pay’ applicable for the previous quarter.

Test for promotion from Sub-staff to Clerk will be held on 31 August 2014

Online Test for promotion from Sub-staff to Clerical Cadre will be held on 31st August 2014. 

For more detais Clck https://pnbnet.in/itc/2014/pad/circulars/2014/pad2014224.pdf

UFBU met on 15th July in Mumbai and decided to demand from IBA to expedite wage negotiations by calling for meeting immediately

 UFBU met on 15th July 2014 in Mumbai and decided to demand from IBA to expedite wage negotiations by calling for meeting immediately and also decided to chalk out strategies to secure early wage revision.

UFBU delegation met Hon'ble Finance Minister Shri Arun Jaitley on 27th June 2014 and submitted a memorandum on wage revision

UFBU delegation met Hon'ble Finance Minister Shri Arun Jaitley on 27th June 2014 in his office in New Delhi and submitted a memorandum on Wage Revision. He assured that he would call for the particulars and look into the matter.

For more details Click http://aipnbsf.org/files/Circular%2014_2014.pdf

On 13th June IBA improved their offer from 10% to 11% which UFBU rejected & told 25% on pay slip components is their expectation

During negotiations on 13th June 2014,  IBA improved their offer from earlier 10% to 11% which UFBU rejected. Since UFBU refused to accept the IBA’s offer of 11% increase, IBA wanted to know the expectation of the UFBU for which it was informed that our minimum expectation is 25% increase in the Pay Slip components cost.  IBA expressed their total inability to accept the same as it is beyond the paying capacity of the Banks. 

For more details Click http://aipnbsf.org/files/Microsoft%20Word%20-%20Circular%2013_2014_.pdf

 

 

Government issued guidelines for Pay Fixation of Ex-servicemen Re-employed in Public Sector Banks on or after 01.01.2006

Government issued guidelines for Pay Fixation of Ex-servicemen Re-employed in Public Sector Banks on or after 01.01.2006.

For detailed guidelines Click http://aipnbsf.org/files/Annexure.pdf