“Forward ever, backward never: onwards with Breaking Through”


28/01/2015 

UNITED  Bank Unions fight to Preserve Public Sector Banks


We are educating the people, about the anti-national, anti-people and anti-developmental policies and pressurising the people representatives to oppose unjustifiable reforms, mass-movement of Bank employees through Dharnas, Rallies, Strike Actions; said; M V Murali Convenor of UFBU and the General Secretary of All India State Bank of India Staff Federation [AISBISF]
United Forum of Bank Unions (UFBU) the apex body of the banking industry trade unions in India representing over 1 Million members belonging to 9 trade unions whose membership is open to workmen and officer cadres both in Public and Private sector banks in India.  AISBISF represent over 160,000 members and one of the largest UNI affiliates from India.                           
Murali stressed; through our agitations we have managed to break the speed and steam with which Government wants to go ahead with reforms/changes; ignoring the people cantered developmental priorities at a Public Rally organized in Hyderabad, India.
Post-Nationalisation – Indian Public Sector Banks [PSB] extended banking facilities across the country through opening of more branches in nook and corner triggering the rural development and uplifting the quality of life of poor and marginalized population in India.
UFBU is fighting for decent wage increase for their members and negotiating the 10th bipartite wage settlement with Indian Bank’s Association (IBA).  Wage revision is overdue since 1st November 2012 said M V MUrali; 
 “Despite a lapse of more than 2 years in the ongoing 10th Bipartite negotiations, no significant improvement has been made in the negotiations except in agreeing to the date of effect of wage revision and the merger point of Dearness Allowance with Basic Pay for arriving at the Revised Pay”. 
IBA has proposed a meagre increase of 12.5% on Pay Slip Components which is far less than the increase offered on total wage bill expenses in the previous bipartite wage settlement. Operational profits in the last few years have substantially gone up reflecting the contribution of employees in PSB’s.  Therefore all the bank employees are eligible for their due share in the growth and profits of their respective banks as they have contributed their level best in ensuring higher profits year after year at the rally which was endorsed by the members with a rousing applause at the Rally.
UNI Finance supports and promotes plurality in the global financial systems, PSB’s are playing a catalyst role in stimulating the real economy in developing countries such as India; said Jayasri Priyalal Regional Director of UNI Apro Singapore, assuring solidarity support to UNI Finance treasured affiliates just struggle in India; speaking at the Rally.
Milind Nadkarni, General Secretary of   All India Bank of Baroda Employees Federation, Subhash   Sawant General Secretary of Indian National Bank Employees Federation spoke at the rally calling the membership to rally around UFBU in Hyderabad.