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Last meeting held for #11thBPS Demands

1st- 20% Hike
IBA- Not possible due to low profitability,only 12.25% Increase (2% On basic) & 2.74% of PLI(performance Linked pay)

2nd- 5 Days Banking
IBA- Denied clearly

3rd- Merger of Special allowance
IBA- Unaffordable due to load(??)
4th- Scrap NPS
IBA- Not possible at this stage as Unions have agreed upon to introduce NPS in Banks in 2010

5th- Updating of Pension
IBA- Not possible due to financial implications & affordability of the Banks hampered due to NPAs

6th- Family Pension
IBA- Matter is with Govt
7th- Staff welfare Fund allocation based on Operating profit (Presently its on NET Profit)
IBA- Matter is with Govt

8th- Exemption if Tax on Retrial benefits
IBA- Matter is not under their preview

9th- Uniform Definition of Banking hour
IBA- its Upto Banks and SLBCs
10th- Introduction of Leave Bank
IBA- Not Agreed

11th- Fixed Working Hours for Officers
IBA- Banks already have defined working hours(????)

Every time ball was passed by IBA to Unions by stating the Stress of NPA on Balance sheet & Non-affordability.

@UFBUIndia @aiboc_in
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