CBOA AP CIRCULAR NO. 032 DATED 16.11.2010

CBOA, AP issued its circular No. 32 on joint discussions on policy issued held by AICBOF with Central Office management. We are placing the same here for our readers.

Circular No. GS: 2010: 032                             Date: 16.11.2010

TO ALL OFFICERS                                        PLEASE CIRCULATE

Dear Friends,

We reproduce hereunder the Circular No. CIRCULAR/GS/2010/19 dated 10-11-2010 received from our Federation for your information.

With best regards

Yours sincerely

Sd/-

(C.A. MALLIKARJUNA RAO)

GENERAL SECRETARY

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                                                                                  SERIAL NO. 1

” JOINT DISCUSSIONS ON POLICY ISSUES WITH

CENTRAL OFFICE MANAGEMENT

Our Federation has been holding periodic Joint Discussions with the Central Office management on policy issues concerning officers. This is aimed at improving the service conditions of officers and to review many of the existing benefits and facilities. We are giving hereunder some of the issues discussed with our Management in the Joint Discussions held on 4^th & 5^th August 2010.

1. Restoration of the facility of retention of bank’s flat for officers posted to North -Eastern States

Prior to 2008, all officers posted to North- Eastern States on promotion or on lateral basis were being permitted to retain the bank’s flat at their erstwhile place of posting. Other banks, financial institutions, many public sector undertakings have also been providing such a facility, as a part of the Government guidelines.

In 2008, this facility was unilaterally withdrawn. The restoration of this facility was taken up with the management during the Joint Discussions and the management agreed to examine the matter once again.

We are happy to inform you that this facility has been restored and a circular to this effect has been issued by the management (No.HRD/IRP/318 dated 24^th September 2010).             

2. Upward revision in the quantum of Festival Advance to one month’s pay

Festival Advance facility is a part of Government guidelines. However, in the recent past, many of the banks have reviewed and increased the quantum of Festival Advance for all categories of staff. This issue was discussed at length. After deliberation, the management had agreed to examine the matter after obtaining the position from other banks where the facility has been reviewed.

We are happy to inform you that the management has considered our demand and the quantum of Festival Advance for officers has been raised to one month’s pay with a maximum of Rs.25,000/-. Detailed guidelines have been issued vide circular No.HRD/IRP/321 dated 29^th October 2010 on the matter.

3. To permit Housing Loan upto Rs.20 lakhs for officers       

The Housing Loan facility for officers is a part of the Government guidelines under Regulation 28 of OSR. Periodically AIBOC has been taking up the matter of increasing the quantum of Housing Loan with IBA and the Government.

It was observed that State Bank of India had approved a Housing Loan Scheme for the staff with a Housing Loan quantum of Rs.20 lakhs. Thereafter many other banks have also come out with a Housing Loan Scheme for staff with a maximum quantum of Rs.20 lakhs. This matter was taken up during the Joint Discussions with the management. The management has assured that the matter will be examined after obtaining the position from other banks. 

In view of the steep increase in the cost of plot and construction, this facility is very important for the officers. We shall follow-up the same to its logical conclusion.

4. Fitment Formula for promotees to Officer Grade Scale I

We have already informed you in our earlier communications that negotiations are on with the management for arriving at a proper and reasonable Fitment Formula for promotees to Officer Grade Scale I. Already several rounds of discussions have been held on this matter.

Even during the Joint Discussions we had insisted for finalization of the Fitment Formula at the earliest. Considering the importance of this issue, particularly in view of the fact that in the last 3-4 Wage Revisions there have been phenomenal change in the clerical  and officer grade basic pay structure, it was necessary to finalise a formula without further delay.  The management has agreed to finalise the Fitment Formula very soon.

We shall communicate the details of other issues discussed/settled in our next circular.

Executive Committee Meeting of the Federation

A meeting of the Executive Committee of the Federation was held in the last week of October 2010 at Guwahati. The Committee reviewed all the important developments at Industry & Bank level affecting the interests of officers. The Committee also reviewed the functioning of the organization and took various decisions for improving the effectiveness and efficacy in the functioning of the organization at various levels. The Committee resolved to rededicate itself to work for the cause of officers with renewed vigour.

Yours sincerely,

Sd/-

(D.S. BHADAURIA)

GENERAL SECRETARY