UFBU CIRCULAR: Another round of conciliation proceedings was held today
at the CLC’s office in New Delhi. During the conciliation meeting, the
following issues were discussed:
PLI : The gist of discussions between IBA and UFBU was reported to the Dy.
CLC and DFS representatives. It was informed by the DFS that the
Government is considering ensuring payment of PLI to all the scale 4 and
above officers as per Joint Note formula who may not be eligible to get PLI
under the Government formula. We pointed out our other views about the
Government formula which require reconsideration by the DFS. In view of
this, the DY. CLC advised IBA and UFBU to continue the discussion and
submit concrete suggestions to find an amicable solution for consideration by
DFS.
5 Days Working per Week: We pointed out that despite the assurance of
the Government to expedite their decisions on introduction of 5 Days working
per week in Banks, no decision is forthcoming from the Government.
Representatives of DFS informed that the issue is under the active
consideration of the Government. However, we expressed our
disappointment at the undue delay and informed the Dy. CLC that UFBU will
be constrained to revive our protest action on this important issue.
Enhancement of ceiling under Gratuity Act : DFS representatives
informed that the issue is under regular follow-up with the Ministry of Labour.
Hence we requested the Dy CLC to pursue the matter so that the Notification
increasing gratuity under the Act is expedited.
Appointment and filling up of posts of Workman Director and Officer
Director in PSBs: It was informed that the approval of the
recommendations is still awaited from the Appointments Committee.
Recruitments: The IBA and DFS informed that as against the recruitment
and filling up of 30,000 posts of employees and officers for the current year,
the indent for the next year is around 50,000. They also informed that the
sequence of recruitment would be suitable changed next year to avoid
attrition and non-joining by candidates. We pointed out that sufficient
empanelled list of successful candidates should be maintained by IBPS so
that replacement against non-joining is provided to banks.
Other residual issues: It was agreed that discussions between IBA and
UFBU would continue.
With this, the conciliation proceedings have been adjourned to 22-12-2025.UFBU meeting : Preceding the conciliation meeting, the UFBU meeting was
held on 3rd November, 2025..
The meeting took note of the developments that have taken place after our
last UFBU meeting held in August, 2025. The meeting observed that
repeatedly media reports are coming about Government’s proposal for further
merger of Banks, increasing FDI in public sector banks up to 49%, increasing
instances for foreign investments in the private banks, etc. The meeting also
noted the Government’s recent decision to appoint private sector Executives
as MD/EDs of Public Sector Banks of Public Sector Banks. The meeting
decided that all these are part of the Government’s agenda of liberalization of
banking sector and hence decided to hold meetings at all levels to apprise the
rank and file about these moves of the Government and to be in
preparedness for agitational programmes that will be decided by UFBU in due
course.
The meeting reviewed the developments with regard to the various issues
and demands raised by UFBU and the conciliation proceedings held so far.
While the indents for recruitment of clerical staff have been improved in some
of the Banks. Overall, the recruitments have to be further stepped up.
Meeting decided to emphasise the recruitment of substaff as there is acute
shortage resulting in large engagement of temporary employees.
On implementation of the understandings between IBA and UFBU on
introduction of a five-day work week, in view of the inordinate delay by the
Government to approve the same, it was decided to revive our protest
and give the call for strike on this issue. Date of the strike and other
programmes will be finalized and informed shortly.
With greetings,
Yours Comradely,
C.H. VENKATACHALAM
GENERAL SECRETARY
