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Bank Employees
Showing posts with label Bank Employees. Show all posts
Showing posts with label Bank Employees. Show all posts

Monday, 2 April 2018

Expected DA Bank Employees From May to July 2018

Babloo - 11:08:00

Expected DA

Bank Employees From May to July 2018

Payable for the YearPayable for the monthsAverage CPINo. of slabs% of pay
2018 Feb March April655152752.7 
2017 November, December 2017 & January 2018650551651.6 
2017 August September October6353.2147847.8 
2017 May June July6261.9145645.6 
2017 February March April631546946.9 
2016- 17 Nov Dec Jan635347847.8 
2016 Aug Sep Oct6261.945545.5 
2016 May June July611742042 
2016 Feb Mar Apr614742642.6 
2015- 16 Nov Dec Jan603339839.8 
2015 Aug Sep Oct589636436.4 
2015 May Jun Jul5790.17738110.7 
2015 Feb Mar Apr5774.95734110.1 
2014- 15 Nov Dec Jan5767732109.8 
2014 Aug Sept Oct5569.52683102.45 
2014 May Jun Jul5432.5665097.5 
2014 Feb Mar Apr5501.0466699.9 
2013- 14 Nov Dec Jan5402.1364196.15 
2013 Aug Sept Oct5211.9159388.95 
2013 May Jun Jul5082.5756184.15 
2013 Feb Mar Apr4976.0553580.25 
2012- 13 Nov Dec Jan487751076.5 
2012 Aug Sept Oct470946870.2 
2012 May June Jul454942864.2 
2012 Feb Mar Apr451942063 

Friday, 3 February 2017

Indian Banks Association has issued Circular regarding Increase in DA for Bank Employees and officers from February 2017

Babloo - 22:40:00

Indian Banks' Association has issued Circular regarding Increase in DA for Bank Employees and officers from February 2017

Indian  Banks' Association
HR & Industrial Relations
No.CIR/HR&IR/76/D/2016-1711996
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  & April  2017 under X BPS/ Joint Note dated 25.5.2015

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base1960= 100) for the quarter ended December 2016 are as follows:-

October 20166345.60
November 20166322.77
December 20166277.12

The average CPI of the above is 6315 and accordingly the number of DA slabs are 469(6315-4440= 1875/4= 469  Slabs) The last quarterly Payment of DA was at 478 Slabs.  Hence there is a decrease in DA slabs of 9, i.e 469 Slabs for payment of DA for the quarter February, March & April 2017.

In terms of clause 7 of the 101h  Bipartite Settlement dated 25.05.2015 and clause 3 of the Joint Note dated 25.05.2015, the rate of Dearness Allowance payable to workmen and officer employees for the months of February, March & April  2017 shall be 46.90  % of  'pay'. While arriving at dearness  allowance payable, decimals from third  place  may please  be ignored.

We advise banks to pay the difference between the old and revised salary and allowance to officers on an ad hoc basis, pending amendments to Officers' Service Regulations.
Yours faithfully,
K S Chauhan
Senior Vice President
Source : IBA

Friday, 20 January 2017

Section of bank employees threaten nation-wide strike on Feb 7

Babloo - 10:44:00

Section of bank employees threaten nation-wide strike on Feb 7

New Delhi: A section of bank trade unions have threatened to go on a day-long nation-wide strike on February 7 to press various demands including complete removal of restrictions imposed during demonetisation period and safeguarding the autonomy of the Reserve Bank of India.

"It was expected that the government and the RBI would take necessary steps to mitigate the problems faced by the banks and the public but even now, we find that there is acute shortage of cash supply to the banks with the result that branches are not able to honour even the restricted payment of Rs 24,000/100,000 per week," AIBEA General Secretary C H Venkatachalam said.

Apart from All India Bank Employees’ Association( AIBEA), other unions which will be part of the strike are All India Bank Officers’ Association (AIBOA) and Bank Employees Federation of India.
Unions are also demanding publishing names of individuals who have defaulted in paying loans of Rs 1 crore and above so that stringent measures could be taken to recover bad loans.

Other demands of banks include ensuring autonomy of RBI in cash management, compensation to family of general public, bank customers and bank staff who lost their lives in the demonetisation aftermath and payment of overtime to employees and officers for their additional effort during the 50-day demonetisation period.

He added that the government is interfering by appointing officials to monitor cash management which is affecting the autonomy of RBI. Cash management falls under the sole jurisdiction of RBI, he said.
"Humiliated" by the events since demonetisation, even RBI employees had written to Governor Urjit Patel protesting the operational "mismanagement" of the note ban exercise and the government impinging the apex bank’s autonomy.

In a letter, the employees said that the autonomy and image of RBI has been "dented beyond repair" due to mismanagement and termed the appointment of a senior Finance Ministry official for currency coordination as a "blatant encroachment" of the RBI's exclusive turf.

PTI

Sunday, 25 December 2016

State Bank to grant two-day special leave to employees

Babloo - 08:01:00

State Bank to grant two-day special leave to employees

State Bank of India will grant special leave of two days to its employees as reward for having taken additional stress since November 8 when demonetisation was announced.

Employees would be able to avail this leave any time until March 2018, said SBI Chairman Arundhati Bhattacharya in Mumbai on Wednesday.

"Our employees will get rewarded, I am sure. We are looking into what can be done. We have already given overtime wherever it is due."

On the issue of new currency notes being diverted by some bank employees, Bhattacharya clarified that in any system there would be a few bad examples.

She observed that such incidents of Rs.100-200 crore being diverted to a select few had created doubts in the minds of people. The banking sector had dispensed Rs.7 lakh crore worth of money in the system during this period. But those who are guilty of such malpractices will be dealt in accordance with law, she said.

Bankers have been going about their job silently and without being given credit for implementing such a challenging task, she said.

They had been putting in late hours and many could not go home in the initial few days, she said.
The SBI chief said that there were checks and balances in place but if checks were tightened further, banks would not be able to serve their customers.

SBI was using analytics to ascertain the number of notes received by the bank versus the number issued to customers, besides reporting suspicious transactions on a daily basis, Bhattacharya said.

Source : The Hindu

Saturday, 5 November 2016

DA for bank employees for the months of November, December 2016 & January 2017: IBA Orders

Babloo - 10:28:00

IBA Circulars on Dearness Allowance for the months of Nov, Dec and Jan 2017

Indian Banks Association
HR Industrial Relations

No.CIR/HR&IR/76D/2016-17/1338

November 1, 2016
All Members of the Association
(Designated Officers)

Dear Sirs,

Dearness Allowance Workmen and Officer Employees in banks for the months of November, December 2016 & January 2017 under X BPS/Joint Note dated 25.5.2015

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960-100) for the quarter ended September 2016 are as follows:-

July 2016 : 6391.25

Aug 2016 : 6345.60

Sep 2016 :  6322.77


The average CPI of the above is 653 and accordingly the number of slabs are 478(6353-4440 1913/4 478 Slabs). The last quarterly Payment of DA was at 455 Slabs. Hence there is an increase in DA slabs of 23, i.e.478 Slabs for payment of DA for the quarter Nov, Dec 2016 and January 2017.

In terms of clause 7 of the 10th Bipartite Settlement dated 25.05.2015 and clause 3 of the Joint Note dated 25.05.2015, the rate of Dearness Allowance payable to workmen and officer employees for the months of Nov, Dec 2016 & January 2017 shall be 47.80 % of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

We advise banks to pay the difference between the old and revised salary and allowance to officers on an ad hoc basis, pending amendments to Officers’ Service Regulations.

Yours faithfully

sd/-
K.S.Chauhan
Senior Vice President
Authority: http://www.iba.org.in/
Click to view the order
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