Meeting held between Bank Unions, IBA, Govt on 5 Day Banking and Pending Demands; Read Minutes of Meetings
Today, a meeting was held between Bank unions, IBA and Government representatives at CLC Office. The details of the meeting are given below.
Deliberation started between the parties with the review of last minutes of conciliation meeting dated 11.08.2025. At the very outset, the Ld. Representative of IBA submitted that as mutually agreed in the last meeting, discussion between the IBA and the representatives of the UFBU took place on 26.09.2025 and the minutes of the discussion has also been submitted before the CLC(C).
The detailed discussion took place on various points as under:
(i) PLI: The suggestions recorded in the minutes dated 26.09.2025 were deliberated in detail and submission of DFS was also heard. After threadbare discussion the parties were in agreement that further bilateral discussion on the issue is required for any concrete proposal to be made out for the consideration of DFS. The conciliation officer advised them to continue the bilateral discussion so that possible solutions may be developed for reconsideration of DFS within the framework of present scheme.
(ii) Recruitment: The DFS stated that response of the modified sequence of recruitment from the upcoming recruitment cycle would be assessed and it is hopeful that the issue will be addressed adequately. However, the union insisted that banks should also initiate recruitment of sub-staff and security staff.
(iii) Five Days Banking: The Conciliation Officer apprised that the D.O. letter, as recorded in the last meeting, would be sent to the Secretary, DFS very soon. The DFS also stated that the matter is under active consideration.
(iv) Enhancement of the ceiling of Gratuity amount: The DFS stated that it has once again written to the Ministry of Labour & Employment vide letter No. 4/8/1/2024-IR dated 25.08.2025 to take appropriate action and revise the ceiling from 20 to 25 lacs. The unions requested the Conciliation Officer to expedite the matter with the Ministry of Labour & Employment.
(v) Issue of appointment of Workmen/Non-workmen Directors: The DFS stated that the matter is under consideration.
(vi) Residual issues: Both IBA and UFBU agreed that they will continue to discuss other residual issues for amicable solution.
During the discussion, the IBA confirmed that both the sides agreed that the “add-on facility under the group medical insurance scheme for retirees for physically and mentally challenged dependents would apply only to the dependent children under the category, subject to submission of required medical certificates” and accordingly the same has already been implemented.
