Today on 17th September 2018, Government announces merger of Bank of Baroda, Dena Bank and Vijaya Bank. To Protest against Government's announcement of merger of these banks, UFBU decides to hold demonstrations in all state capitals and towns tomorrow i.e. on 18th September evening. All the members are advised to participate in protest demonstrations.
Next Meeting of Negotiating Committee of IBA with UFBU will be held on 29th Sept. at 10.00 am in Committee Room of IBA at Mumbai
Next Meeting of Negotiating Committee of IBA with UFBU will be held on Saturday, 29th September 2018 at 10.00 am in Committee Room of IBA, World Trade Centre, Cuffe Parade, Mumbai
We congratulate Shri Sunil Mehta, MD & CEO of our Bank on his election as the Chairman of Indian Banks' Association for 2018-19
We congratulate Shri Sunil Mehta, Managing Director & Chief Executive Officer of our Bank on his election as the Chairman of Indian Banks' Association for the term 2018-19.
On 14.9.18 IBA officials apprised the discussions they had with banks, Insurance Co., DFS & the premium charged by insurance Co.
In the meeting held between IBA & UFBU on Medical Insurance on 14.09.2018, IBA officials apprised about the discussions they had with banks, Insurance Company, DFS etc vis a vis premium charged by the insurance company and placed certain offers for UFBU's consideration for both working & retiree officers/employees. Data for the last 3 years was also presented. UFBU gave their point of view on issues raised as also a responsibility of banks towards their employees etc. After the meeting, UFBU separately discussed all related issues and decided to submit the suggestions by Monday to IBA by keeping the basic scheme intact with minor adjustments for Working as well as retirees.
For Detailed Circular Click:http://aipnbsf.org/files/NCBE%20Cir.%2024.pdf
Managing Committee of IBA on 31st August, 2018 elected Shri Sunil Mehta, MD & CEO, PNB as the Chairman, IBA for the term 2018-19
The Managing Committee of IBA at its meeting held on 31st August, 2018 elected Shri Sunil Mehta, MD & CEO, Punjab National Bank as the Chairman, IBA for the term 2018-19.
Shri D.B. Mohapatra, MD & CEO, Bank of India, has been elected as Deputy Chairman. Shri Shyam Srinivasan, MD & CEO, The Federal Bank Ltd. and Shri Rajnish Kumar, Chairman, State Bank of India, continue to be Deputy Chairmen.
Shri Madhav Nair, Country Head & CEO, Mashreqbank PSC has been elected as Honorary Secretary of the Association for the year 2018-19.
Employees retiring between Oct.17 to Sep.18 have to become members of Med.Ins.Scheme by submitting application in HRMS by 12 Sep
IBA’s Group Medical Insurance Policy is expiring on 30.09.2018 and the employees retiring in between the policy period 01.10.2017 to 30.09.2018 are covered as active employees. They have to become the members of the scheme by submitting application through HRMS by 12.09.2018 upto 5.00 PM.
Policy for the retired employees starts from 01.11.2018 and there is a gap of one month i.e. October 2018. United India Insurance Company vide their email dated 30.08.2018 has advised the pro rata premium of Rs. 1048/- and Rs. 2356/- (without Domiciliary coverage) for workmen and officers respectively and premium of Rs.1397/- and Rs. 3142/- (with Domiciliary coverage) for workmen and officers respectively that has to be paid by the retirees, in case they are willing to join.
We call upon all our members to donate their one day wage by encashing their P/Leave to help the flood affected people of Kerala
The details of the aftermath of the devastating flood that rocked the Kerala are pouring in causing alarming concern about the loss of life and property, grief and suffering of the fellow citizens from the affected areas. Hundreds of people have lost their lives; many have been separated from their near and dear ones. This national calamity is unprecedented in its devastation. This is an hour when every patriotic citizen shall not only express his concern but to do his bit to provide succour and relief to the suffering of the needy. It is in this tragic background that we should demonstrate our solidarity with the families which have been suffered. All of us share in the grief of those who have been adversely affected. Even if we wish to personally help the victims cope with the crisis, limitations of time and difficult locations make this task seem prohibitive. The Government, NDRF and the security forces are doing their best in saving the lives and providing foods to the victims of the calamity. The need of the hour is to offer solace to the bereaved survivors and to the families who lost their near and dear ones. We can reach to them through our prayers. We call upon all our members to donate at least their one day wage by en-cashing their Privilege Leave and remit the same to Prime Minister’s Relief Fund, to help the affected people. We are confident that our comrades shall rise to the occasion and donate for this novel cause.
UFBU protested to IBA against proposed hike in premiums of Medical Insurance, suggested extension up to Dec & to discuss further
In the Meeting with IBA on Medical Insurance held on 8th August 2018, UFBU strrongly protested against proposed steep hike in premium rates, suggested extension of both the policies up to December 2018 and to discuss the issue further.
In Sub-Committee Meeting of IBA with 5 workmen unions held on 18 Aug nonfinancial demands were taken up & are nearing conclusion
In Sub-Committee Meeting of IBA with 5 workmen unions held on 18th August 2018 all non financial demands were taken up and are nearing conclusion. Few more issues need to be discussed.
For Detailed Circular Click: http://aipnbsf.org/files/NCBE%20Cir.%2023.pdf
DA payable to employees for the Quarter August to Oct 2018 shall be 541 slabs i.e. an increase of 12 slabs from current level
In terms of clause 7 of the 10th Bipartite Settlement dated 25.05.2015 and clause 3 of the Joint Note dated 25.05.2015, the rate of Dearness Allowance payable to workmen and officer employees applicable for the quarter August 2018 to October 2018 shall be 54.10% of ‘Pay’ against 52.90% of ‘Pay’ for the previous quarter.
For Bank Retirees
From August 2018 to January 2019
No. of slabs increased = 14