Demands on 11th Bipartite – Charter of Demands
Charter of Demands for revision of wages and service conditions under 11th Bipartite Settlement
5th June, 2017
Shri Rajeev Rishi,
Indian Banks’ Association
Reg: Our Charter of Demands for revision of wages and service conditions under 11th Bipartite Settlement
You are aware that the current 10th Bipartite Settlement on wages and service conditions of bank employees will be getting ended by 31st October, 2017. Hence there is a need for revising the wages and other service conditions with a freshSettlement. Please refer to our joint communication dated 15-2-2017 under which we have submitted to Indian Banks’ Association the broad summary of demands for negotiations for the ensuing 11th Bipartite Settlement wage revision. We had also informed you summary of demands for negotiations for the ensuing 11th Bipartite Settlement wage revision. We had also informed you that we shall submit the detailed Charter covering these demands upon commencement of the negotiations.
In the meantime, we are happy to note that the IBA has received mandate from the Member Banks and IBA has also opened up the negotiations by holding the meeting with the Unions on 2nd May, 2017 signifying the initiation of the process. As outlined and reiterated by both IBA and the Unions during the meeting, it is desirable to quicken the process of negotiations and expedite the conclusion to reach the Settlement preferably well before the conclusion of the current Settlement so that the revised Settlement can be implemented from its commencement itself.
Undue delay in arriving at the Settlement has been a frustrating experience in the past for all concerned – managements, unions and the workforce at large. It also has a demotivating impact on the employees and hence rightly this has been felt by both of us for the need to conclude the settlement early and in time. Further, at a time when the banking sector is facing multiple challenges from within as well as externally, we feel that it is important and imperative to spend much of the time and attention on strengthening our Banks, particularly our Public Sector Banks which are facing the brunt of these challenges.
For this reason also, it is necessary to expedite the Settlement on wage revision and channelise our focus on successfully and unitedly facing these challenges to ensure a vibrant banking system to cater to the overall economic development of our country.
We note that the IBA has set up the Negotiating Committee to discuss our demands and the negotiations will commence shortly. Hence, we submit herein our detailed Charter of Demands for mutual discussions, meaningful negotiations and early resolution.