From Facebook PS Venkataramanan
PLIGHT OF BANK EMPLOYEES AND OFFICERS :
Before 1979, the emoluments of Bank Officers was slightly more than entry level Govt. Officer. Pillai committee recommended that they should be at par and they were equated.
With subsequent pay commissions for Govt. employees, now the Central Govt. entry level officer draws about Rs.55000.00 starting, but a Bank PO draws less than 34000.00. Similar is the plight of workmen vis-à-vis Government Clerk.
An example regarding work load., about 8-10 years back, number of branches in SBI was 8600 and number of employees were about 2 Lakhs. Now the number of branches is more than 15500 but the number of employees is hovering around the same FIGURE OF 2 lakhs. Besides, the workload has increased tremendously. An average bank worker/employee has totally lost his social life. He is not able to reach home before 8-9 p.m. and not able to attend immediate needs also of his family.
Among those who were recruited during 2009, 2010 and 2012 about 20 percent did not turn up and from those joined, another 20 percent quit the Bank due to low salary.
The expectation from workmen and junior officers is to give good performance, increase in business and increased operating profit. The operating profit of all nationalized banks has increased manifold to Rs.1,12,290 crores (2011-12) but a chunk of this money is being provided for non performing assets. The officers and employees are not responsible for the NPAs.
The aggregate NPA of big industrial houses is more than Rs.40,000.00 crores. Who is responsible for this. If the four defaulters of the country [ie] Kingfisher Airline Rs.2673 crores, Winsome Diamond and Jewellery Co., Ltd., Rs.2660 crores, Electrotherm India Ltd., Rs.2211 crores and Zoom Developers P Ltd., Rs.1810 crores amounting Rs.9354 crores would also suffice the minimum demand of the entire Banking workforce. (Source AIBOA Circular).
The employees are demanding a reasonable and fair increase in pay and allowances as also better working conditions. In the next few years, there are going to be large retirements and lakhs of vacancies will arise in Banking Sector. If good entry level emoluments are not offered, no youngster (boy or girl) would like to join Banking Industry. THIS WILL BE DISASTROUS FOR THE ECONOMY.
I hope my friends will share this post in their timeline so that more and more people can read the plight of Bankmen. Each bank employee should take a print out of this and circulate to at least 10 persons in his neighborhood, relatives and colony people, so that the ordinary man realizes the plight of the Bank person.
All my friends, act now and act fast.
Before 1979, the emoluments of Bank Officers was slightly more than entry level Govt. Officer. Pillai committee recommended that they should be at par and they were equated.
With subsequent pay commissions for Govt. employees, now the Central Govt. entry level officer draws about Rs.55000.00 starting, but a Bank PO draws less than 34000.00. Similar is the plight of workmen vis-à-vis Government Clerk.
An example regarding work load., about 8-10 years back, number of branches in SBI was 8600 and number of employees were about 2 Lakhs. Now the number of branches is more than 15500 but the number of employees is hovering around the same FIGURE OF 2 lakhs. Besides, the workload has increased tremendously. An average bank worker/employee has totally lost his social life. He is not able to reach home before 8-9 p.m. and not able to attend immediate needs also of his family.
Among those who were recruited during 2009, 2010 and 2012 about 20 percent did not turn up and from those joined, another 20 percent quit the Bank due to low salary.
The expectation from workmen and junior officers is to give good performance, increase in business and increased operating profit. The operating profit of all nationalized banks has increased manifold to Rs.1,12,290 crores (2011-12) but a chunk of this money is being provided for non performing assets. The officers and employees are not responsible for the NPAs.
The aggregate NPA of big industrial houses is more than Rs.40,000.00 crores. Who is responsible for this. If the four defaulters of the country [ie] Kingfisher Airline Rs.2673 crores, Winsome Diamond and Jewellery Co., Ltd., Rs.2660 crores, Electrotherm India Ltd., Rs.2211 crores and Zoom Developers P Ltd., Rs.1810 crores amounting Rs.9354 crores would also suffice the minimum demand of the entire Banking workforce. (Source AIBOA Circular).
The employees are demanding a reasonable and fair increase in pay and allowances as also better working conditions. In the next few years, there are going to be large retirements and lakhs of vacancies will arise in Banking Sector. If good entry level emoluments are not offered, no youngster (boy or girl) would like to join Banking Industry. THIS WILL BE DISASTROUS FOR THE ECONOMY.
I hope my friends will share this post in their timeline so that more and more people can read the plight of Bankmen. Each bank employee should take a print out of this and circulate to at least 10 persons in his neighborhood, relatives and colony people, so that the ordinary man realizes the plight of the Bank person.
All my friends, act now and act fast.
From Facebook
Sparsh Jain
TO whom It May Concern
This is to place on record that UFBU/IBA/ Central Govt all are playing with the sentiments of we the
UFBU – During the last more then 1 year time span, UFBU is passing time, holding meetings, playing fixed match game on the pretext of wage negotiation , for we The Bankers fertaininty. Every time new date of meeting has been fixed, ride aeroplanes, enjoy foods and spend union funds lavishly without any fruitful result. In the Month of January’2014, IBA prepared the strike defer letter well in advance on itself which shows how serious OUR UFBU is for wage settlement. They deffered strike for 2 days and UFBU because UFBU cannot dare to declare further strike/indefinite strike as the Moral Code of Conduct is very near to declare for the ensuing LokSabha elections. IT seems Experienced/ Retired/Satisfied leaders of UFBU are again playing a game at the cost of Poor Bankers Unity.
IBA- Wage settlement seems to be a Kids game for IBA- Initial offer of 5% was increased upto 9.5% and further up by meagre 0.05%. This shows how serious the IBA is in wage settlement. This proves that IBA knew well in advance the moves of UFBU- preparing advance letter on 14th strike and after that increased the load 0.05 % must have the inherent silent concurrence of the UFBU.Central (Chidambram) Govt- Chidambram learnt the politics from Harward business school which says sheet/ no cost to company concept. Whereas for Bankers, he talks about the profitablity/ Sharing of profits by the other constituents of the Balance sheet, despite the fact that Govt.’s policy for public sector banks of Social Banking, Direct Credit of Subsidy/ Social Pension /Govt Sponsored Loans levies the huge burden on bank’s revenue & consumes the lion’s share of Bank’s profitability.
Sir In the light of above, we ( Aam Admi Bankers) feel cheated by all the above and thinks to vote against the Management/ Unions / Central Govt because neither the UNION nor IBA/ Central govt Feb 2014 from the month of January is also a result of Fixed match between IBA January for withdrawal of Pay commission 2 years in advance when there is no output/no Profit/ No balance
Notwithstanding the above, the general perception about Bank agitations among the public does not go well in view of opposition of Banking reforms by Bank officers. We should propagate the adverse features that will accompany Banking reforms instead of Banking reforms altogether. There is also a perceptible exodus of newly appointed staff owing to better wages available outside Banking sector
Our interaction in public forums through news papers / channels / media is minimal. A thoughful comparison of wage structure existing in respect of Central Govt employees vis a vis Bank employees since 2005 in the background of financial risks in the banking sector need to be projected.
Last but not least, large NPAs, defaulters, sacrifices, compromises etc in all the Banks are in the industry and particularly units belonging to ruling party leaders. Inspite of the rising NPA, top Management is eating out profits in the name on incentives which is more then the legitimate salary of TOP management. The nexus of politicians with industry in deterioration of Bank working is a major issue which has escaped public attention. The associations need to give wide awareness of the public on this
Sir In the light of above, we ( Aam Admi Bankers) feel cheated by all the above and thinks to vote against / Stop union subscription- the Management/ Unions / Central Govt because neither the UNION
nor IBA/ Central govt treats us as the Indian Citizen.
PNB AAM ADMI BANKERS
This is to place on record that UFBU/IBA/ Central Govt all are playing with the sentiments of we the
UFBU – During the last more then 1 year time span, UFBU is passing time, holding meetings, playing fixed match game on the pretext of wage negotiation , for we The Bankers fertaininty. Every time new date of meeting has been fixed, ride aeroplanes, enjoy foods and spend union funds lavishly without any fruitful result. In the Month of January’2014, IBA prepared the strike defer letter well in advance on itself which shows how serious OUR UFBU is for wage settlement. They deffered strike for 2 days and UFBU because UFBU cannot dare to declare further strike/indefinite strike as the Moral Code of Conduct is very near to declare for the ensuing LokSabha elections. IT seems Experienced/ Retired/Satisfied leaders of UFBU are again playing a game at the cost of Poor Bankers Unity.
IBA- Wage settlement seems to be a Kids game for IBA- Initial offer of 5% was increased upto 9.5% and further up by meagre 0.05%. This shows how serious the IBA is in wage settlement. This proves that IBA knew well in advance the moves of UFBU- preparing advance letter on 14th strike and after that increased the load 0.05 % must have the inherent silent concurrence of the UFBU.Central (Chidambram) Govt- Chidambram learnt the politics from Harward business school which says sheet/ no cost to company concept. Whereas for Bankers, he talks about the profitablity/ Sharing of profits by the other constituents of the Balance sheet, despite the fact that Govt.’s policy for public sector banks of Social Banking, Direct Credit of Subsidy/ Social Pension /Govt Sponsored Loans levies the huge burden on bank’s revenue & consumes the lion’s share of Bank’s profitability.
Sir In the light of above, we ( Aam Admi Bankers) feel cheated by all the above and thinks to vote against the Management/ Unions / Central Govt because neither the UNION nor IBA/ Central govt Feb 2014 from the month of January is also a result of Fixed match between IBA January for withdrawal of Pay commission 2 years in advance when there is no output/no Profit/ No balance
Notwithstanding the above, the general perception about Bank agitations among the public does not go well in view of opposition of Banking reforms by Bank officers. We should propagate the adverse features that will accompany Banking reforms instead of Banking reforms altogether. There is also a perceptible exodus of newly appointed staff owing to better wages available outside Banking sector
Our interaction in public forums through news papers / channels / media is minimal. A thoughful comparison of wage structure existing in respect of Central Govt employees vis a vis Bank employees since 2005 in the background of financial risks in the banking sector need to be projected.
Last but not least, large NPAs, defaulters, sacrifices, compromises etc in all the Banks are in the industry and particularly units belonging to ruling party leaders. Inspite of the rising NPA, top Management is eating out profits in the name on incentives which is more then the legitimate salary of TOP management. The nexus of politicians with industry in deterioration of Bank working is a major issue which has escaped public attention. The associations need to give wide awareness of the public on this
Sir In the light of above, we ( Aam Admi Bankers) feel cheated by all the above and thinks to vote against / Stop union subscription- the Management/ Unions / Central Govt because neither the UNION
nor IBA/ Central govt treats us as the Indian Citizen.
PNB AAM ADMI BANKERS
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