Circular No. GS: 2009: 007          Date: 15.06.2009
TO ALL OFFICERS              PLEASE CIRCULATE
Dear Friends,
We reproduce hereunder the Circular No. CIRCULAR/GS/2009/06 dated 13-06-2009 received from our Federation for your information.
With best regards
Yours sincerely
(C.A. MALLIKARJUNA RAO)
GENERAL SECRETARY
.....................................................................................
We reproduce hereunder the communications received from AIBOC/UFBU for your information:
“BREAKTHROUGH IN TALKS – IBA IMPROVES OFFER –

FURTHER TALKS SHORTLY – UFBU DEERS STRIKE
“In the conciliation meeting held by Chief Labour Commissioner at New Delhi between IBA and UFBU on 04/06/09, the CLC had advised both parties to sit together across the table to sort out the issues. While from UFBU we had agreed to this suggestion in order to find amicable solution to our demands, IBA however took the stand that unless the strike is withdrawn, no talks would be held.
Hence UFBU decided to go ahead with the strike. In the face of our countrywide preparations for the strike, IBA changed their stand and came forward to hold further discussions on our demands.
Accordingly, a round of Bipartite discussion was held between IBA and UFBU in Mumbai.
Arising out of the discussions, the following positions have emerged.
(i) The precondition that the unions should agree for new pension scheme to be made applicable to the new recruits would not be insisted upon. IBA stated that the existing pension scheme will continue to be applicable to all new recruits up to 31/03/2010, but UFBU stated that this should be extended upto 31/10/2012, and matter should be reviewed thereafter. The issue will be further discussed.
(ii) Regarding sharing of additional pension cost, it has been agreed that banks would take a share of Rs.4200 crores and employees/officers at Rs.1800 crores.
(iii) To our demand for a minimum increase of 20% in the wage bill, IBA was willing to improve their offer from 15% to 17% subject to approval by Managing Committee. UFBU wanted IBA to further improve their offer to 20%.
(iv) In view of the breakthrough in the pre-conditions and willingness of the IBA to finalise our demands with a positive approach within a short time, UFBU decided to defer our proposed strike on 12/06/2009.
(v) It has been agreed that IBA and UFBU will meet again very shortly to finalise the understandings on our demands.
Friends, our unity and preparations for the strike have resulted in this breakthrough. We shall further continue our efforts to achieve our demands expeditiously.
Keep this unity intact and keep the powder dry.””
“SHRI V. ESWARAN, PRESIDENT, RELINQUISHES

THE POST ON HIS RETIREMENT –
SHRI K.S. SHETTY, CO-OPTED AS PRESIDENT OF AIBOC
Shri V. Eswaran, President, AIBOC has retired from the services of Bank of India on 31.05.2009. By virtue of his retirement, he has relinquished all the positions held by him within his organisation and also in AIBOC. On behalf of the Confederation, a heart touching farewell was given to Shri Eswaran at Executive Committee Meeting of AIBOC held on 27th and 28th March 2009 at Chennai. We have placed on record our appreciation for the services rendered by Shri Eswaran to the Bank Officers’ Movement, ever since he took active interest in the organizational activities, in particular the Confederation. Affiliates of the Confederation also honoured him on the occasion.
In continuation of our rich tradition, the Executive Committee unanimously decided to co-opt Com. K.S. Shetty, General Secretary of Syndicate Bank Officers’ Association as President of the Confederation with effect from 01.06.2009, for the remaining period of triennial. We congratulate him and wish that under his able leadership, the strength of the Confederation will further grow.”
Yours sincerely,
sd/-
(D.S. BHADAURIA)
GENERAL SECRETARY