Demands on 11th Bipartite – Bad Loans Eating Away Profits
11th BIPARTITE SETTLEMENT : CHARTER OF DEMANDS -PROVISIONS FOR BAD LOANS EATING AWAY PROFITS
PROVISIONS FOR BAD LOANS EATING AWAY PROFITS:
The huge provisions made for bad loans are eating away the bulk of the hard earned profits and the percentage of profit erosion on account of provision for bad loans is clearly visible from the following Table X.
While we are fully conscious that paying capacity and profitability of the Banks are important ingredients to be kept in mind while resolving claims of wage revision, we are sure that the fact that bulk of the profits earned by the Banks on its banking operations on account of the labour put in by the workforce are getting evaporated due to bad loans and consequent provisions on which the employees have no role or control would also be equally kept in mind.
Considering the adverse economic ambience prevalent in our country, anyone will agree that there has been an impressive performance by the Banks. Notwithstanding various and multiple challenges and constraints, our Banks have earned very good profits and the employees who have worked hard and enabled this success story cannot be and should not be de-linked from being recognised and suitably rewarded. Naturally, the employees look up with genuine aspirations, for a legitimate share in the increasing profits of the Banks.
Hence this Charter of Demands for increased emoluments and improvement in service conditions.
With the preamble given hereinabove, we proceed to narrate our Charter of Demands.