IBA to Hold Meeting with Bank Unions on May 21, Check Meeting Agenda

The Indian Banks’ Association (IBA) has announced a crucial meeting with leading bank unions and officers’ associations to discuss and review the Group Medical Insurance Scheme for bank employees. The meeting is scheduled for Wednesday, May 21, 2025, at 3:30 p.m. and will be held in virtual mode. This meeting has been arranged with the consent of the Chairman of the IBA Negotiating Committee, Shri Rajneesh Karnatak, who is also the MD & CEO of Bank of India.

Who Will Attend the Meeting?

The IBA has invited top-level representatives from the following workmen unions and officers’ associations:

• All India Bank Employees’ Association (AIBEA)
• All India Bank Officers Confederation (AIBOC)
• National Confederation of Bank Employees (NCBE)
• Bank Employees Federation of India (BEFI)
• Indian National Bank Employees Federation (INBEF)
• Indian National Bank Officers Congress (INBOC)
• National Organisation of Bank Workers (NOBW)
• National Organisation of Bank Officers (NOBO)

Key Focus: Group Medical Insurance Scheme

According to the IBA, the meeting will focus on discussions around the Group Medical Insurance Scheme, which covers healthcare benefits for bank employees. The agenda includes:

• Reviewing coverage and benefits
• Discussing the policy terms and renewal
• Exploring possible enhancements
• Finding ways to optimize healthcare support for staff

This meeting comes at a time when there is increasing demand from unions to strengthen the health insurance coverage, ensure timely settlements, and include better hospitalization and treatment options for employees and their families.

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Meeting Details

• Date: Wednesday, May 21, 2025
• Time: 3:30 PM onwards
• Duration: 3 hours 30 minutes
• Mode: Virtual
• Platform: WebEx
• Meeting Link: Join Here
• Meeting Number: 2518 973 4478
• Password: 21052025

What to Expect?

This dialogue is part of a broader effort by the IBA and unions to improve employee welfare and address longstanding concerns related to healthcare costs and policy coverage gaps. Bank employees across India will be watching this meeting closely, as any changes or upgrades to the group insurance policy can directly impact their financial security and healthcare support.

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