11th BPS Updates : Core Group Officers second meeting with IBA

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11th Bipartite Latest Update -Core Group Officers meeting with IBA
11th Bipartite Latest Update -Core Group Officers meeting with IBA

11th BPS Updates on Wage Revision : Core Group Officer meeting with IBA – The second meeting of core group (officers) was held at IBA office yesterday at 11.30 a.m. The management team was led by Shri Prashant Kumar (DMD) SBI, Shri K. Virupaksha , General Manager, Canara Bank, Shri Ujjal Kumar , General Manager , UCO Bank, Shri N.K. Biswal , General Manager, Bank of Maharashtra with Shru V.G. Kannan, CEO, IBA and other team members of IBA.

11th Bipartite Latest Update -Core Group Officers meeting with IBA
11th Bipartite Latest Update -Core Group Officers meeting with IBA

Officer’s team was represented by Com. Dilip Saha, President AIBOC, Com. Y. Sudarshan, Chairman, AIBOC, Com. S. Nagarajan, General Secretary , AIBOA, Com. K.K. Nair, General Secretary , INBOC and Dr. Sunil Deshpande , President, NOBO.

11th BPS – Discussion remain inconclusive

Shri Prashant Kumar, Chairman of core group (Officers) expressed the stand taken by the IBA on some of the issues discussed in the meeting held on 06/09/2017 with workmen organizations such as leave Bank etc. On our part, it was submitted that issues connected with Payslip Components would be taken up for discussion subsequently. The issues listed out in Charter were taken up and it was more of exploratory in nature. The discussion was inconclusive. The small committee on Discipline & Appeal Regulations will be meeting shortly to give a definite shape.

11th BPS Wage Revision Latest Update
11th BPS Wage Revision Latest Update

IBA informed that the Insurance linked Hospitalisation Scheme is yet to be stabilized fully in all Bank and continuation of the same is required for another year. In the matter of Domiciliary treatment to be availed by reitees, since the claim rate is 220%, the steep increase is insisted by the Insurance Company. From our side, we suggested that there is need to provide some subsidy to retirees in the matter of insurance premium by the banks. It was also agreed by IBA to have a tripartite meeting with the Insurance Company as well as with the Reinsurers shortly to enable us to present the problems encountered in the hospitalization scheme by TPAS in Banks.

The next date for the discussion has been fixed on 9th October, 2017 at Mumbai.

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