Bank Unions To Oppose VRS For SBI Associates’ Employees


Hyderabad,  (PTI) Bank unions today said they will strongly oppose any voluntary retirement scheme (VRS) that is likely to be announced soon for the employees of five associate banks of State Bank of India, which will be merged on April 1. The five associate banks of SBI are State Bank of Bikaner & Jaipur, State Bank of Mysore, State Bank of Travancore, State Bank of Patiala and State Bank of Hyderabad. "They may announce a VRS any time now. As a matter of principle, we unions totally oppose the VRS. Earlier, the SBI chairperson had said there would be about 26,000 employees retiring in the next two years. "So, there is no need for VRS. But now the bank has deviated from its

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Indian Bank staff say swapping bosses may not help IDBI Bank
March 23, 2017

Even as the Government of India for the first time swapped the top executives of two public sector banks -- Indian bank and IDBI Bank Ltd -- employees of the former asserted that the government could have looked at other traditional options if it had to appoint a new head for IDBI Bank. They said the current decision may not serve the purpose it

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Today All India Bank Strike – AIBEA & AIBOA
February 28, 2017

Dear Comrades, MAKE 28TH FEBRUARY ALL INDIA STRIKE A TOTAL SUCCESS We are sure that all efforts are being taken by all our units in all the States and in every Bank to make the UFBU’s call for All India Strike on 28th February, 2017 a total success. In the light of the increasing attacks on account of the Government’s anti-public

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February 19, 2017

CIRCULAR No. 28/4/2017/4 TO ALL UNITS AND MEMBERS: 15-2-2017 Dear Comrades, Charter of Demands for 11th BP Settlement submitted to IBA Our units and members are aware that the period of our current 10th Bipartite Settlement would come to an end by October, 2017 and a revised Settlement (11th Bipartite Settlement) has to be worked out to

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Bank Dearness Allowance February,March & April 2017 @ 46.90% of ‘Pay’
February 15, 2017

Indian Banks Association HR & Industrial Relations No.CIR/HR&IR/76/D/2016-17/1996 February 1, 2017 All Memberes of the Association (Designated Officers) Dear Sirs, Dearness Allowance for Workmen and Officer Employees in banks for the months of February, March & April 2017 under X BPS/Joint Note dated

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DA for Bank Employees : IBA issued orders for next quarter from Feb to Apr 2017
February 6, 2017

Indian Banks’ Association HR & Industrial Relations No.CIR/HR&IR/76/D/2015-16/1572 February 1, 2017 All Members of the Association (Designated Officers) Dear Sirs, Dearness Allowance for Workmen and Officer Employees in banks for the months of February, March and April 2017 under X BPS/ Joint Note dated 25.5.2015 The

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RBI Ends Limits On Withdrawals From ATMs, Current Accounts
January 30, 2017

The central bank also stated that " the limits on savings bank accounts will continue for the present and are under consideration for withdrawal in the near future" The weekly withdrawal limit from savings accounts remains Rs. 24,000. HIGHLIGHTS Current Account holders can now withdraw any amount on a daily basis

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