The confirmed All India Average consumer Price Index Numbers for Industrial workers (Base 1960=100) for the quarter ended June, 2016 are as follows:-

April 2016 – 6185.82
May 2016 – 6277.12
June 2016 – 6322.77

In terms of Regulation 37 of Bank Employees ‘Pension Regulations, 1995 Dearness Relief is payable to pensioners at rates specified in Appendix II to the Regulations.

Click to view all the orders regarding DA and DR issued by IBA

Dearness Relief payable to Pensioners for the period august 2016 to January 2017

Dearness Relief payable for the period August 2016 to January 2017 to surviving pre 1.1.1986 retirees of banks (b) surviving spouses of pre 1.1.86 Retirees who are in receipt of Ex-gratia

Dearness Allowance for Workmen and Officer Employees in banks for the months of August, September & October 2016 under X BPS/Joint Note dated 25.05.2015

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CHENNAI: The two-day strike call given by major unions in the banking sector have been deferred following an restraint order by the Delhi High Court, said a top leader of All India Bank Employees’ Association (AIBEA).

“In view of the Delhi High Court restraint order, our strike on 12th and 13th July stands deferred,” said AIBEA General Secretary C.H.Venkatachalam.

The unions in the banking sector had given the strike call protesting against the merger of the five associate banks of State Bank of India (SBI) with SBI and privatisation of IDBI Bank.

The union is opposed to the government’s decision to merge State Bank of Bikaner and Jaipur (SBBJ), State Bank of Travancore (SBT), State Bank of Patiala (SBP), State Bank of Mysore (SBM) and State Bank of Hyderabad (SBH) with the SBI.

Source : http://www.newindianexpress.com/

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Despite opposition and protest by all the AIBEA’s Workman Directors and a few other independent directors about the proposal and the procedure adopted, the resolution has been approved in this regard

Opposing the decision of boards of directors of five associate banks of State Bank of India (SBI) to close down and merge with SBI, the All India Bank Employees’ Association (AIBEA) has called a strike on May 20.

In a statement Tuesday, AIBEA said it has called an all-India strike in the five SBI associate banks — State Bank of Travancore (SBT), State Bank of Mysore (SBM), State Bank of Hyderabad (SBH), State Bank of Bikaner and Jaipur (SBBJ), and State Bank of Patiala (SBP) — on May 20.

According to AIBEA, at the board meetings of the five SBI associate banks held in Mumbai on Tuesday, an agenda was brought to close down the associate banks and for acquisition by SBI.

“Despite opposition and protest by all the AIBEA’s Workman Directors and a few other independent directors about the proposal and the procedure adopted, the resolution has been approved in this regard,” the statement said.

“It is shameful that when the government is talking of corporate governance and good governance, board agenda is brought without intimation on such a serious matter and decision is taken,” AIBEA added.

According to the statement, the decision of the five banks is not in consonance with what Finance Minister Arun Jaitley had suggested to the union at their meeting on March 23 and April 25 this year.

“He opined that all the five banks can be made into one single entity. But what SBI and the Associate Banks are trying to do is the opposite to what the FM (finance minister) had suggested,” AIBEA said.

Source : business-standard

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Indian Banks’ Association

HR & INDUSTRIAL RELA TIONS

No.CIR/HR&IR/D/G2/2015-16/2013
January 30, 2016

Designated Officers of all Member Banks
Which are parties to the Bipartite Settlement on Pension

Dear Sirs,
Dearness Relief payable to Pensioners for the period February to July, 2016

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960= 100) for the quarter ended December, 2015 are as follows:-

In terms of Regulation 37 of Bank Employees’ Pension Regulations, 1995 Dearness Relief is payable to pensioners at rates specified in Appendix II to the Regulations.

Pending amendments to Pension Regulations, Banks may pay on ad hoc basis, the Dearness Relief payable to pensioners for the period February 2016 to July 2016 as per Annexure.

Yours faithfully,

Sd/-
K S Chauhan
Senior Vice President

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Indian Banks’ Association

HR & INDUSTRIAL RELATIONS

No. CIR/HR&IRID/G2/2015-16/2022
January 30, 2016

Designated Officers of all Nationalised Banks
and Associate Banks of State Bank of India

Dear Sirs,

Dearness Relief payable for the period February to July, 2016 to surviving pre 1.1.1986 retirees of banks (b) surviving spouses of pre 1.1.86 Retirees who are in receipt of Ex-gratia

As per the directive contained in the Government of India, Ministry of Finance Department of Economic Affairs (Banking Division) letter F.No.11/2/2012-IR dated 17.12.2013, the Dearness Relief payable to surviving pre 1.l.1986 retirees of banks for the period February to July, 2016_ on Ex-gratia will be as under:

 Yours Faithfully,

Sd/-
K S Chauhan
Senior Vice President

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