As many of you may be aware that Centre drafted the rules for ""Minimum Wage Code Bill 2019" which was passed in RS on 2.8.2019. Lok Sabha passed bill on 30.7.2019. Lets try to understand what happened in it for Bankers & how IBA & UFBU made us fool
thehindu.com/news/national/… On 7th July 2020 eGazette was published for "Code on Wages Bill, 2019" which seeks to amend & consolidate laws relating to wages, bonus & matters connected therewith.

✔The Code subsumeed,
✔Min Wages Act
✔Payment of Wages Act
Payment of Bonus Act &
✔Equal Remuneration Act.

Thread on PSUs

Total paid up capital in all CPSEs as on 18-19 stood at ₹2,75,697 Cr as compared to ₹2,53,977 Cr 17-18 (339 CPSEs), showing a growth of 8.55%. Total Fin Investment in all CPSEs stood at ₹16,40,628 Cr as on 31.3.19 as compared to ₹14,31,008 Cr as on 31.3.18 Capital Employed in CPSEs stood at ₹26,33,956 crore as on 31.3.2018 as compared to ₹23,57,913 crore as on 31.3.18 showing a growth of 11.71%. Total gross revenue from CPSEs during 2018-19 stood at ₹25,43,370 Cr as compared to ₹21,54,774 Cr in 17-18.
#GarbageChetanBhagat

During the Global Meltdown India performed well compare to many developed countries like UK/US just because of that potential liquidity in system increased by Rs.5.6 trillion or 9.5 percent of the GDP. Average of daily Call money rates under impact of reduction in CRR & Repo Rate declined from 9.9 percent in October-08 to 3.17 in May-2008. Although RBI increased liquidity significantly, the utilization of liquidity by banking system was limited because of the low credit demand from the Market &
#StopPrivatization
#BJPkilledPSUs

In six years to 2019-20, 10 states have announced farm loan waivers totaling Rs 2.4 lakh crore--which amounts to four times the 2019-20 budget for the Rural Jobs Programme or 9% of the 2019-20 Union budget--as per a Sep 2019 report on Agri credit by RBI.
#PvtLtdSarkar
#SaveIDBI In these 6 years, 2017-18 saw most waivers, reaching 12% of gross fiscal deficit (total Exp in excess of income) 7States- Andhra Pradesh, Telangana,Tamil Nadu, Maharashtra, UP, Punjab & Karnataka. Altogether, they provided nearly ₹49K Cr budgets for loan waivers during 17-18.

11thBPS Events till today
✔3 Reminders (in 2016)from @DFS_India
✔Charter of Demand Submitted in May 2017
✔23 Rounds of meeting with Full Negotiation Committee
✔UFBU leader met Honourable @FinMinIndia on 21/3/18
✔First offer made by IBA on 5/5/18 (185Days Delay)

#NoMoreDelay In 20 Month of Shameless Percentage game started from 2%, then further improved to 6%, then 8% then 10% & finally the latest offer (before march 2020 strike call) of 12.5% was made on 13.01.2020!! They turned Bankers Bipartite Settlements into a Bhindi Bazar!!!
#NoMoreDelay

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

Less Try to understand what happened in E synidate Bank Surat Incident Step by Step

DAY 1- 20.06.2020
A customer visited to the Branch for Passbook updating in branch, since the printer was not working So customer was given Account statement on the same day;
#StopWorkAbuse Day 3- 22.06.2020
Customer again visited the branch & Requested to update Passbook (No Txn happened btwn 20/06 to 22/06) since Printer was not working & Printed statement already provided, Branch expressed inability to help them any further. Customer called his relative (A Cop)

No matter how Good or Bad Private Education system is, we r forced to be in it coz have NO alternative. Getting robbed on d name of Books/Dresses/Unwanted extra curricular activities!!
Even after paying all that, Home tuition too???
newindianexpress.com/cities/vijayaw…
#StopPrivatization Same Goes with our Health system, where most of us are more scared to going to Govt Hospitals than to COVID19 itself.
Despite being No treatment protocol is available, Pvt Hospitals r charging huge amount from Patients, its a Open Loot!!
#StopPrivatization
inventiva.co.in/stories/tamann…

Some Bankers always wonder why we turned every Weekend. Its not as simple as u think & not at all a Waste of time,

With #IndiaNeedPSBs many handles showed what PSBs r actually doing on ground, the statistics that was hard to find but managed by some of them some how Ppl do research on various topics and post it here, Top trends always attracts media persons & other eminent profiles. Whenever a Tag gets trend in top, people click on it to know what actually it is..
In top tweets they came to know what the trend topic is all about
#949Days

The basic difference between Private Banks & PSBs were always Regulation, where Private Banks managed & run by independent board with minimum Govt interference & RBI supervision, PSBs have directly controlled by Govt for its Social Banking for Financial Inclusion
#IndiaNeedPSBs Out of 38.88 Crore PMJDY A/c, merely 1.25 Crore Were opened by Pvt Banks, Iconic Rupay card distribution is also lagged in Pvt Banks. Pvt Banks have issued 1.14 Crore Rupay cards to customers compare to 24.76 Crore Card issued by Public Sector Banks
#IndiaNeedPSBs

"बीमा आग्रह की विषय वस्तु है" were meant for Insurance companies prior to 2000 whose job was to provide insurance.

Banks were acting as Custodian of Public money.

Lets understand how Banks turning into fully paid agents for Insurance Companies.

A thread on Bansaccurance Insurance is a purely Voluntary service & Banks can't force customers to Buy policy but can advise. In reality 90% of Retail Loan Borrowers r somewhere policy holders of 1 or more Insurance policy. Its given them forcefully & Media can easily call some of the borrower to find out

Regional Rural Banks were formed in Sept 1975 (Ordinance), later "RRB Act 1976 " recommendation of "Narsimhan Committee" to provide inclusive Credit & Banking Services in Rural areas where more that 70% Population lives.
Stake as 50:15:35 (Central/State/SponsorBank)
#GraminBank The number of Regional Rural Banks (RRBs) stood at 56 as on 31 March 2019 with a branch network of 21,747. RRBs at the aggregate level recorded growth in reserves, deposits, investments, loans, and advances. At present 43 #GraminBank in functioning, 95% branches in Most Interiors

Today's date will be saved forever in the history for Failure of Trade Unionism in Banks, Exactly 5 years ago on 25.05.2015, Unions concluded their 10th BPS, effected from 01.11.2012 (935Days Delay) & today BPS has crossed its 2nd Worst Delivery, 8thBPS took 943 Days;
#936Days There were 2 Major breakthrough happened in 10thBPS,
1- Introduction of Special pay
2- 2nd/4th Sat Off

Now When ALL other stakeholders enjoying 5DaysWeek working, there was No rationality of this 2nd/4th Sat off, its still unknown why they surrendered when they were that close??

Suicide of Farmers creates sensational news & Increase TRPs in India but suicide of Bankers never create news but printed in newspaers on 12-13th page in very small columns that went unnoticed. In 2015 alone 103 Bankers committed suicide.
A thread on Bankers committed suicide In 2013 a 45 Year old Banker committed suicide due to mental torture by Superiors,
Another clerk blamed his Manager's excessive pressure as reason for his suicide.
Neither Bank Unions nor Mgmt took preventive steps to make it stop
#YouFailedBankers

✔Banks make profit:- Share to RBI & Govt.

✔Banks incur loss:- Bank only responsible. Interestingly Bank is not free to decide Rate of Intt.Or Commission/other charges.

✔GOI starts Fin Inclusion:- Banks open 0 Balance A/C, gives ATMs, Pass Books. Credit goes to Govt! ✔All Cost for maintaining 0 Balance A/c- t's Bank's responsibility.

✔Boost Business:- @DFS_India directs Banks for Loans without security.

✔Loans becoming bad:- Blame Bankers

✔Country need to prosper:- Create Industry - Funds given by Banks on Govt of India direction.

Undeterred by COVID-19, PSBs remain at forefront in fight against it:
97% PSBs Branches
87% BCs &
80% ATMs operational throughout d lockdown.

But

❌No Rapid Test Of Bankers
❌No Adequate Insurance for Bankers
❌No Reserved Beds for Bankers in Good Hospitals??
#YouFailedBankers PSBs have ensured uninterrupted services during lockdown.
Bankers have faced wrath of Public/Police/Administration/Mgmt
Beaten Up,
Humiliated,
Given COVID19 loan targets,
Ordered to Go outside branches!

We did all what we Ordered to, We didn't failed d Nation!! #YouFailedBankers

Extent of guarantee cover
80%For
(i) Micro & Small Enter operated/owned by women
(ii) all credits/loans in (NER) fr credit facilities upto 50 lakh.

For Other borrows 75% Cover will be available;
In case of default, Trust settles claim up to 75% of OS amount(Not Full)
1/n APR 2019 says that CGTMSE is self driven Trust as the income of the trust for year 2019 stands as 170 Crore compared to Expenditure of 161 Crore (90% Expensec was for Guarantee Claim).
Mostly income of CGTMSE comes through Guarantee cover by MSME sector
2/n
#दैनिक_जागरण_झूठा_है

Those who r having though that Bankers r raising their voice JUST for SALARY r truly misinformed.
1st confirmed Case of COVID19 in India was reported on 30/01, by the time 821 Days already passed for our Pending Issues. Countrywide lockdown imposed on 25/03, bt Banks remain Open; Govt announced PMGKY Scheme & Millions of people rushed to Banks to withdraw cash, no1 flinched an Eye that how Bankers will cope with this Pandemic & such huge crowed. Still somehow we managed to get through all of it but in the meantime a lot has happened with Bankers 2/n

24.8.16
21.10.16
21.12.16
21.3.17
4 Times Govt issued Circulars to Bank CMDs to start/Finalize PSBs Staffs Wage negotiation on or before due date (Effective frm 1.11.17). Its still not settled even after #928Days

Why don't U intervene & Order to finalize it?
1/n Sri Mahendra Singh Mahara, on 14.03.2017 asked in Upper house abt Banks Role during demonatization & abt their Wage Revision.
Reply was "There was Overall, A widespread appreciation of hard work put in by Bank Employees consequent on withdrawal of 500/1000 Denom Notes,
2/n

The most mysterious thing for a PSU Banker is their "Wage Revision Talks" which sometimes looks like a Super Secret Deal btwn 2 Parties (IBA & UFBU) that has nothing to do with Bankers in particular.

A thread to understand role of IBA in Misery of Bankers;

#BankNirbharBharat IBA(Indian Banks Assosiation) which in a voluntary Org (As stated by them) depends upon Banks for their day to Day expenses. Banks who r custodian of Public money r feeding IBA from Tax payers money still IBA claims that it doesn't come under RTI, WHY???
#928Days
1/n

Yeaterday one more sad news tremble bankers, Shri Uday Kamath (IDBI Malad) passed away after 3 days COVID19 treatment at Bombay Hospital due to breathlessness & critical condition. It took a lot of time & Hard Efforts to get him admitted into hospital..
#RIP_BankerUdayKamath If Bank authorities taken proactive steps, this could've been prevented. He was serving in Red Zone area where no Rapid testing for Bankers was conducted, result one life is lost & one family suffered. MrKamath'a Family must be provided Adequate compensation
#RIP_BankerUdayKamath