Bank Officers Will Soon Realize The Credibility of Their Unon Leaders And IBA Managers

Bank staff were expecting handsome increase in their wages in Xth Bipartite Settlement likely to happen in few months or few years.This is because they were badly cheated in last Bipartite settlement which took place after 30 months long struggle in the year 2010. They had been promised by their clever trade union leaders that due to abnormal load of 2nd option of pension , they could not get attractive hike in wages, but they promised that in the next settlement they will break all past records. 

Innocent and clean hearted bank staff have  since long been waiting for sharp increase in wages as also introduction of 5 days week in banks. Bank staff were divided in two parts by clever bank management and clever union leaders by realising pension cost from those staff who opted for 2nd option of pension and exonerated bank staff who opted for pension before 2010.

After IX settlement many employees were happy only because they were not required to share the loan of pension and their friends who exercised 2nd option of pension were cheated by IBA in collusion with trade union leaders enjoying majority.Still court cases are in progress but petitioners in various courts have  also perhaps been motivated or  bought by clever trade union leaders and top bankers to postpone the decision in courts as long as possible.Banks succeeded in dividing the bank staff  in nexus with their protectors called as trade union leaders.

This time clever bank management and clever union leaders will silently watch how government of India once again cheat them by asking banks to settle their individual wage revision taking into account their capacity to bear the burden of wage revision. SBI is already having better wage structure and SBI staff are enjoying pension as third terminal benefit  and this time they are going to sanction better wage revision . Bank staff of other public sector banks will cry for wage revision and government will not help telling that their profitability is lower than that of SBI.

Bad assets in all banks is in huge volume and they cannot earn profit as they hitherto earned by concealment of bad assets and by not making adequate provisions for terminal benefits available to bank staff on retirement.Though bank staff has to work daily late and work on Sundays i.e. for weekly hours 150% of normal working weekly hours set by labour office, they cannot expect even 10 percent hike in wages this time.

Banks are earning profit by exploitation of bank staff and by saving staff cost as they used to do before nationalisation of banks and as private sector uses to do earn profit.Communist parties which used to be called as well wisher of working class is also silent spectator  for reasons best known to them.

Politicians and clever and corrupt top ranked bank officials are looting the banks firstly in large scale loan disbursement and then in compromise settlement and waiver of loans.Clever banks do not want to declare a bad account as bad and think it wise to restructure them again and again to save provision and to increase profit but they will have to surrender sooner or the later.There is no question of increase in profit in forthcoming quarters until bankers play foul game.

No power on earth can save these sick banks until bank staff learn to first save the banks from the hands of corrupt bankers and corrupt politicians and no power on earth can ensure better wage hike until they stop blind flattery to bosses in banks and top leaders of bank unions.

Manipulation in asset classification, deposit , advances and balance sheet, manipulation in provision and profit, manipulation in recruitment of staff and promotion of officer form one scale to other,manipulation in restructure of loan, manipulation in submission of various reports to RBI and GOI, manipulation in compliance of guidelines and so on .   

 How long this reign of manipulation will be allowed to perpetuate ?

Government will have to stop manipulation. Bank staff will have to accept the bitter truth of their banks and then only they can plan strategy and course of action to cure the system to ensure  best future of the bank and also to ensure best future of bank employees and their families.

Bank officers who are indulged in flattery to top bankers or top trade union leaders for getting favour in posting and promotion are real enemy of banking fraternity and hence it is the need of the hour that bank employees in general understand the bitter truth of their bank and chalk out revival plan without any self motive in mind.They have to distinguish between good bosses and bad bosses , good leaders and bad leaders , corrupt officers and honest officers and finally between  good speakers but bad performers and bad speakers but good performers.

Bank officers on warpath

This is a news item published in Business Line 

KOCHI, OCT. 14: 

Bank officers across the country are planning agitation programmes against the government’s ‘anti-people and anti-workers’ policy.

Speaking at the State committee meeting of the All India Bank Officers Association here, S. Nagarajan, its general secretary, said that despite repeated pleas, the government is continuing its reforms in the banking and financial sector, which is detrimental to the interests of the country.

AIBOA, he said, is demanding regulated working hours for bank officers. He alleged that the government is dividing bank officers and other employees by giving separate packages for officers of the State Bank of India. AIBOA has demanded parity of service conditions with SBI immediately.

STAFF SHORTAGE

The government, he said, is not recruiting adequate personnel in the banking system which is affecting the customer service. AIBOA has demanded to reinstate Banking Service Recruitment Board urgently and to recruit sufficient number of staff.

The association is also seriously pursuing the issues of compassionate ground appointments in banks, he added.

The United Forum of Bank Unions, which comprises all the unions of the banking industry, will meet soon to decide further course of action, he said.

M.A. Sreenivasan, AIBOA deputy general secretary, K. Sathianathan, State general secretary, N.B. Kishorekumar, State president, spoke. Bank officers from different parts of the State participated in the deliberations.

http://www.thehindubusinessline.com/industry-and-economy/banking/bank-officers-on-warpath/article3996815.ece