IBA meeting on 5 days Banking & wage negotiation of banker in August date, time and what to expect from this meeting.

Last Updated on August 2, 2023 by Brajesh

IBA meeting on 5 days Banking & wage negotiation of banker in August date, time and what to expect from this meeting.

Formal Bipartite talk for the wage revision of has already begun between Bank Union and Indian Bank Association. First meeting was held on 28.07.2023 where Bank Union had explained the salient features of Charter Of Demands in relation to wage negotiation effective from 01.11.2022. Last meeting was ended with a request to fix up a date in August month for next round of discussion on wage negotiation. Now Indian Bank Association cam up with a letter to notify and invite Bank Union for next round of discussion which is going to be with the core group committee on wage negotiation.

Let us go through the complete detail to have complete understating on IBA meeting on 5 days Banking & wage negotiation of banker in August date, time and what to expect from this meeting.

When was the first meeting held for 12th Bipartite settlement or wage negotiation due from 01.11.2022 ?

First meeting held on 28.07.2023 between Bank Union & Indian Bank Association.

Which points were discussed in that meeting ?

Following points were discussed in the meeting :

  • 5 Days Banking a week.
  • Pension updation.
  • 100% DA neutralisation of Bank retirees.
  • Wage revision timeline.

Positive news from last meeting

100% DA neutralisatin was agreed by IBA for pre Nov 2002 pensioners and family pensioners and minutes was also signed in the same meeting. Matter will be taken up to DFS for approval and subsequent implementation.

Update on 5 days Banking ?

Bank union express their point on 5 days banking to IBA that banker are waiting eagerly for 5 days banking a week on which IBA informed that it is under active consideration and discussion.

Wage revision timeline taken by IBA.

Indian Bank Association has taken a timeline of 4 month within they will complete the Wage negotiation effective 01.11.2022.

Next Meeting Date ?

IBA in his letter dt 01.08.2023, has announced that next meeting on wage negotiation will be held between Wage Negotiation Core Group Committee and workmen Union on 07.08.2023 at 11 AM.

Expectation from 7th August 2023 meeting 

It is expected that all the points mentioned under charter of demands will be explained to the committee members some important update may come for Pension updation of retired employees. Discussion on 5 Days banking may happen but no positive news is expected at present.

 

Media report expectation of last meeting Click here to know

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