It is reported that the talks held on this day have remained inconclusive and there is no likelyhood for early settlement as IBA’s attitude appears to be inflexibale.
Now MOU dated 27/11/2009 (wherein it was agreed that final agreement will be done within 90 days) has expired on 25/02/2009. It is a matter of great concern for the bankers as they have waited for 90 days by holding their breath, hoping at least now something will be finalised. However, both IBA and unions betrayed the bankers. Instead of talking on a day on day basis, meetings were fixed after fortnights or more. It is strange that inspite of broad understanding of the maximum that will be given by IBA, both parties are fighting on petty matters.
A letter issued by GD Nadaf, General Secretary, AIBOC indicates that "on none of our proposals, there was a positive response form the IBA and they stuck to their method of calculation of additional cost on HRA, pension and distribution of wage load of 17.5% on various scales. It appeared that, we have reached a dead end. The discussions concluded without any fruitful result"
Is it not a clear admission by these leaders that they failed to convince IBA even on one of their proposals? Should members believe that these leaders are either talking illogical or without facts with IBA? Should members believe that these leaders have no sting left in them to even move IBA by an inch? The above statement is clear admission of the failures of the union leaders. There is strong feeling among the bankers that such retired bankers holding high posts in the unions and enjoying the benefits from the monthly subscription of the members and taking levy on settlements should immediately resign and leave the field for serving and young members.
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