Transcription of 10 BIPARTITE SETTLEMENT SIGNED TH - AIABOF
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10 BIPARTITE SETTLEMENT SIGNED TH - AIABOF
1 Circular Date: 30-05-2015 TO ALL OFFICERS ---------------------------------------- ---------------------------------------- ---------------------------------- Dear Comrades, 10TH BIPARTITE SETTLEMENT SIGNED Further to our circular on the finalization of the cost distribution sheet, we are glad to inform you all that the 10th BIPARTITE SETTLEMENT has been SIGNED on 25th May after a marathon run of 18 rounds of negotiations spreading over a period of 31 months. The SETTLEMENT we should all understand has been reached in the midst of several disturbing developments in the public sector banks that are facing lot of challenges upfront and the Govt. of India trying to push forward it s agenda of reforms in the Banking sector for which a road map has been laid down by Committee.
2 The adamant stand of the IBA on the issue in terms of the Joint Record Note of Bipartite discussions, on the plank of financial burden is strange and unacceptable and it’s a real
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