RBI officers, employees withdraw call for agitation

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The United Forum of Reserve Bank Officers and Employees, the umbrella organisation representing employee and officer unions in the Central Bank, have withdrawn its call for an agitation to press the pending issue of wage revision.

Protest programmes were scheduled to begin from Tuesday, but the United Front said that they are being withdrawn in response to an intervention by the Chief General Manager-in-Charge of the Human Resources Management Department.

HRM Department intervenes

“The CGM-in-Charge requested that in view of issues related to wage settlement in the Bank being in an advanced stage, our agitational program may be withdrawn and cooperation extended” for an early closure, said Samir Ghosh, Arun Samaddar, Gavin Coelho and Meet Pathak, leaders of the constituent unions of the United Front.

“Our leaders demanded a formal letter from the Bank, which was separately made available to the constituent unions late on Tuesday evening. We discussed amongst ourselves and decided to respond to the call and facilitate the wage settlement early.”

Earlier, the United Front had said that RBI officers and employees were embarking on an agitational path from today (Tuesday) after their ‘several attempts’ to revive talks on the long-pending issue of wage settlement failed repeatedly.

‘Several bids had failed’

“We have no option but to protest strongly the Central Bank’s inexplicable dilly-dallying on a very highly sensitive matter such as wage revision of the staff, pending for the last four years and more,” said leaders of the constituent unions had said.

Lunch-time gate demonstrations were to begin from Thursday and officers and employees would wear a badge during November 23 to 26. Lunch-time mass deputations would be taken out to the offices of the Regional Directors/Officers-in-charge on November 26. All staff coming under the current wage settlement were to go on mass casual leave on November 30.

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RBI officers, staff chalk out agitation plan to press wage revision

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Officers and employees of the Reserve Bank of India are on an agitational path from today (Tuesday) after their ‘several attempts’ to revive talks on long-pending issue of wage settlement have failed repeatedly.

“We have no option but to protest the inexplicable dilly-dallying on a highly sensitive matter such as wage revision pending for last four years and more,” said Samir Ghosh, Arun Samaddar, Gavin Coelho, and Jeet Pathak, who represent employees, workers and officers’ unions under the United Forum of Reserve Bank Officers and Employees.

‘Wait in vain’

The United Forum told the constituents in a circular that “we felt very strongly to embark on protest earlier, but in deference to the wishes of some well-meaning friends, collectively decided to hold on till this week. The Governor was reportedly scheduled to hold talks with the Human Resources Management Department and we were expecting a solution to emerge.”

“Our wait is in vain, unfortunately,” the circular said. Having exhausted all avenues of peaceful solution, it has been decided that delegations of joint office-bearers/executive committee meet with Regional Directors of the RBI during lunch recess today (Tuesday) demanding immediate resumption of the process of finalisation of wage talks.

Mass leave

Lunch-time gate demonstrations will be launched on Thursday and officers and employees will wear a badge during November 23 to 26. Lunch-time mass deputations will be taken out to the offices of the Regional Directors/Officers-in-charge on November 26.

All staff coming under the current wage settlement will go on mass casual leave on November 30, the circular said.

A senior retired RBI official said that although employees and staff have the goodwill of the RBI’s name, they have had to struggle at different times for either fair and respectable salary revisions or other service conditions.

Pensioners suffer worst

“Since September 2008, these struggles have been more marked, frequent and regrettable, as the independence of the Bank even in staff matters had been surrendered to outside authority,” he said on condition of anonymity.

It is an ironic coincidence that on a day the Prime Minister dedicated some of the functions of the RBI to the nation, the staff has had to announce an agitational programme for getting a fair and honourable wage settlement.

Pensioners and family pensioners have been worse sufferers since counterparts in the government institutions have benefited far more, the retired official said.

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Bank unions threaten with aggressive protest against privatisation move, BFSI News, ET BFSI

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Bank unions across India have not yet given up and in order to support their stance against the proposed privatisation of some state-run banks, they have made threats of holding more strikes against the Union government. This comes after the general council meeting of the All India Bank Employees’ Association (AIBEA) on Sunday.

“The general council meeting has called upon all our unions and members all over the country to continue the struggle against bank privatisation, get ready for prolonged strikes and intensify our campaign to defend public sector banking and defeat attempts of privatization,” the union said in a statement.

FM Niramala Sitharaman announced in the Union Budget speech on February 1 that the government will conduct privatisation of two more public sector banks besides IDBI Bank, in the financial year 2022. Following this major development, on March 15 and 16, about 10 million bank employees participating from nearly 9 bank unions conducted a two-day bank strike

Bank unions have also begun engaging with customers and the public at large, on what they believe are the ill-effects of privatization.

In a statement AIBEA added, “Public sector banks provide permanent jobs for the educated youth. But we know the plight of the employees working in the new private banks where job security is totally absent. Fair wages are denied. Trade union rights are non-existent. Thus, privatisation of banks will enslave the young employees into these adverse conditions.”

The 2-day national bank strike led to Heavy losses of about Rs 16,500 crore due to clearance of cheques and payment instruments only on the first day of the strike. Payment instruments such as cheques, demand drafts and pay orders are processed by three large centres.

While Chennai handles 5.8 million instruments worth ₹5,150 crore every day, Mumbai handles 8.6 million instruments worth ₹6,500 crore and Delhi processes 5.7 million instruments worth ₹4,850 crore.

Also Read: Privatisation…Long (not) live Public Sector Banks



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