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The federation also pressed for a 30 per cent increase in salaries of bank officers, saying that a 15 per cent increase that is being offered is not enough.
The officers also want one more pension option and are prepared to contribute up to Rs 1,800 crore of the Rs 6,000- crore additional fund needed for the purpose, federation general secretary G D Nadaf said at a press conference in Agra on Friday.
TN Goel, President of the Federation, said the earlier salary agreement with the Indian Banks Association had expired on October 31, 2007, and a new one was due on November 1, 2007.
All the four bank officers' organisations had submitted a common charter of demands to the IBA and the Government on October 29, 2007, but nothing had been done in the matter of revision so far.
The officers organisations would not agree to anything less than 30 per cent increase in salary, he said.


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SBI is the most profitable bank in india. So its employees must be rewarded for their hard work.
INTHE YEAR 2003 AHEAD OF BIPTRT SBI WENT SOLO AND HIKED IT, EMPLOYEES SALARY.THIS TIME CAN THE BEST BANK OF 2009(BUSINESS INDIA)CAN DO SOMETHING SO THAT THIS BANK CAN ALSO VISIT THE IIMS FOR PLACEMENT.NOT A SINGLE PASSOUT O IIMS OR GOOD COLLEGES WILL LOOK HERE ON TODAYS PAY.
I do think that the salary structure of bankers has deteriorated over the years.They deserve salary increase in line with central govt. employees.But merger should not been resisted.This is a truth today or tomorrow.This is good for the staff too.
Every strike by PSB unions helps the new-gen banks to get more business. It could be that the unions want SBI to remain weak so that goonda banks like ICICI can thrive. One might even suspect that the unions' agenda is decided by the new-gen and foreign banks.
Let there be merger. Everybody gains. Strike for fair salary hike which is earned by bank employees through prifits. The govt employees on the other hand, do not earn their salaries thus.
That SBI would become stronger and more viable through mergers does not seem to matter to the employees. They are worried that their comforts might be affected. The current leadership of the unions fear that their monoploly would be at risk if more employees come in from the subsidiaries. Organised labour must not be allowed to hold the country's biggest bank's progress to ransom. The highly paid employees are acting in an anti-people manner here.
It is disconcerting the way the public reacts every time the bank employees ask for an increase in salary!The productivity of the Bank Officers is far far higher than that of any Govt official or for that matter even those in the Private Sector, and the level of accountability in the Public Sector Banks and the prevalence of "fear psychosis" makes the Bank Officials job the most hazardousin any industry.It is the collective failure of Bank Chaimen,for most of whom, sycophancy to the powers be ,is more important than any concern for their employees is the root cause of a systamatic misinformation campain by themedia.In the name of vigilence,every proceedural lapse is clubbed with corruption and the officials are subjected to the harassement by the CBI. Not only the concerned official, but his family is made to face tremendous anxiety and harassement.It is indeed a tragedy that the Union Bosses are more concerned with only getting a "monetory" increase
Only reason the Unions and officer's Assn opposing merger is loss of ofice -bearers' positions in the merged subsidiary.These are lucrative positions in the sense, exemption from work, transfers, power with out responsibility and money.The very fact the office bearers, once elected, move heaven and earth to retain the position forever is the proof that the posts are lucrative.In many PSU banks, the number of union office beares and thier cronies not doing an honest day's work and lording it over the weak manangements are a legion.High sounding words like " mergers harm expansion programmes and govt policy of inclusive growth" are uttered even bothering to explain how it is so.
Another Air India in the making ? If SBI succumbs to the pressure of these employees then SBI will definitely be heading for bankruptsy as witnesses with so many financial institutions in U.S and the world over. SBI is certain to burst in the coming time if this blackmailing by incompetent employees given in to.What share in the profit they are talking about ? They get the salary for their labour. Are they thinking of becoming the owner of SBI ? Their jobs are intact because of depositors and I am sure , more or less all these depositors are not happy with the unprofessional ways these officers function. I can foresee a lot of many depositors withdrawing their money from the bank in view of this development.
I do mot know with which bank u people are banking but certainly u r not among the majority. Let me tell u that during the 10 yrs PSB have improved theie services due to us only.In the midts of the fire we are still serving the nation by burning our life (12-14 hrs a day and many times on holidays also.) Salary settlement is not a big issue but the bigger issue is justice. The same IQ and hardship doing people are getting 3 times the salary in pvt bank and ask to the cusomers especially borrowers the type of service being provided. U can remeber customers hanging themselves and going to the police for protection.And if govt can pay to employees with hefty fiscal deficit the what is wrong in our demand after all we have contributed approx 35000 cr as net profit in last FY.
banks , the nationalized ones ,are over crowded with parasites . get rid of them . no need to increse any salary . they can get lost . if they strike work so much the better. remove them all at one go and invite the willing only to come back i am sure the govt has enough guns to take care of any violence. it is about time the good for nothing goons sitting in banks who are corrupt or just plain lazy at the expense of the common depositor or borrower is taught a lesson common prime minister just show them
only 300 persons were selected all over india - i was one of them. there are so many temptation - but i avoid them. i work for 10-12 hrs per day (some times holidays also). i get just enough sal to reasonable run my family
whenever a dog get or try to get better piece of bread, other dogs bark on him. if bankmen are trying to get better package why others stomack getting pain. After all existing work force has brought banks up to this sound position not the govt. employees or others
SBI's profits have risen by 60% over last year and 6th pay commission has given large raise to central government employees, hence their demand is justified. By the way Banks have always been profitable by and large especially the larger ones like SBI and PNB so there is no danger of them becoming another Air India. Banks have been reducing the employee strength by not filling up the vacancies created by retirement and using technology as a replacement. It is necessary to raise the salaries and do profit sharing with employees so that they have a better morale
Why you, of all the insolent comments I have heard from the workers in the organised sector, this takes the cake! If the SBI Officers do not like the pay packets they are offered they are always free to seek employment elsewhere. Not one of them has been forced to spend the rest of his/her days working for SBI alone. If they feel they can get a better deal elsewhere they are free to leave-they cannot hold the State Bank of India and the financial system of the nation to ransom, demanding even more pay than they currently get.Fact is if they leave SBI, most of them would not even be able to earn 25% of their current salary,not to mention many of them being total misfits and being virtually unemployable! I know, I have seen them in action whenever I have visited branches of the SBI! At the end of the day all of us just sell our skills and labour for a fee, we have no right to hold anyone to ransom and threaten strikes to extort cash!Period.
I am amazed by expressions of some wicked comments against salary hikes of SBI people.I wish they must not have some psycho disorder .Honestly saying every citizen of society now reconcile the labour and pain of bank officers.Looking into volume of salary hike in other sectors these guys ust desesrve fair treatment.
In view of gigantic increase in salary of Govt. employees by sixth pay commission, every other sector is entitled to demand an equivalent jump in salary regardless of productivity as has been done in case of govt. employees.
Reading through the demands of Bank officers indicates that it is going to be the next AIR INDIA. In a competing world banking market, efficiency and profitability will decide the salary and benefits. It is the time for all of us to come to reality.
At a time when depositers are being taken for ride on interest rates and bank's profit is on the edge, these gentle men ask for salary hikes ? Their main concern in merger is the loss of positions and decreased chances of promotions. They are not bothered about depositers and the welfare of the institution. Same has been done US and the banks are out of business. Now in India these white collared officers threaten to do same. I feel the salaries should be freezed for next 5 years and depositers must be given fair deal. Before banks become another Air India, Govt must take corrective steps. There is no dearth of technology and man power in India
Indian bank managements and finance ministry officials are proffessionals enough to decide the fate of bank wage revision justificably and amicably.Entire world has praised the running of PSU Banks in efficient manner.When IT and other industry arebusy in putting pink slips to their employees Banks are advertising more and more vaccancies.None of the indian bank PSU or private has been allowed to cheat away customers money till date by the government.It is very natural to ask at least 30% wage hike by bank employee in view of consistent huge profits by bank year after year. Any indian chankya should not express their frustrations in opposing just demands of bankers in view of recent wage hikes of central government employees.certainly bank employees are no less efficient than these central government employees and if public money can be