Mumbai, the second round of the Small Committee meet was held at IBA office, World Trade Centre, Mumbai.
The Small Committee of IBA was represented by Shri Jagdish Pai, Executive Director, Canara Bank, Shri B.B.Das, Shri Rajeev Rishi, Shri R.C.Srivastava, Shri Suresh Chandra, Shri K.Unnikrishnan and Shri M.Venugopalan, AIBOA, INBOC and NOBO were represented by Shri S.Nagarajan, Shri K.K.Nair and Shri S.K.Rathod respectively.
Responding to the proposal submitted by Four Officers’ Organizations on 10th December 2009, IBA provided a salary chart constructed on 2836 Index point merger with average 20% loading along with notes on outsourcing and pension specifying that 13% of the Basic pay of SBI officers to be kept separately undistributed which SBI will decide how to deal with the same.
In response, the association impressed upon IBA the need to have higher start of pay for officers considering the large scale dissatisfaction caused in the last wage revision, tax on perquisites etc. It was also stated that appropriation from the Industry level wage load to SBI on pension costing, leave encashment on retirement loaded exclusively, construction of pay scales with 11% loading with merger start at Scale I are unacceptable to the Organizations. With regard to outsourcing, it was stated that the associations shall revert to them after discussions amongst themselves.
While taking note of the view points, the IBA representatives assured to revisit the areas of concern and respond to the officers’ organizations.
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