OUR UNION

RED SALUTAES TO ALL OF YOU

YOU HAVE MADE IT POSSIBLE YET AGAIN

UNDERSTANDINGS REACHED

ADDITIONAL INCREASE WILL BE

Rs. 4725 CRORES ON PAYSLIP COST

AGITATION WITHDRAWN

1. Wage revision will be effective

retrospectively from 1-11-2012.

2. Annual increase on account of revised

Payslip components would Rs. 4725 crores

over the wage bill as on 2011-12

i.e. increase of 15%.

(In the last wage revision settlement,

this amounted to Rs. 2980 crores).

3. This would mean an apportionment

of Rs. 2270 crores for workmen

and Rs. 2455 crores for officers.

4. Revised Pay Scales would be constructed by

merging DA upto 4440 points of price index

and adding another 2% loading

thereon i.e. an increase in Basic Pay

by around Rs. 60/62 %.

5. 2nd and 4th Saturday of every month

would be holiday and the other Saturdays

would be full working days.

6. Other issues and demands including

pension related issues would be

discussed during further negotiations

7. Final Settlement covering all these issues

would be completed within the next 90 days.

 

 

OUR INDUSTRY

BANK EMPLOYEES ARE GOVERNED BY HOLIDAYS DECLARED UNDER N.I. ACT 1881 IN RESPECTIVE STATES. RBI CANNOT TINKER WITH THEM

Banks are likely to start charging customers for transacting more than five times a month at any bank ATM, including their own bank.

Banks are likely to start charging customers for transacting more than five times a month at any bank ATM, including their own bank.

Canara Bank has raised base rate or the minimum lending rate by 0.25 per cent to 10.20 per cent even as  Reserve Bank of India (RBI) kept its policy rates unchanged in its mid-quarter review earlier this month.

 

(Business Today : 6th Jan.2014)

OUR BANK

*Interview for Promotion to JMGS I Officer, will be from 6th to 8th March 2014

 

  • Bank has lauched two new term deposit products titled

“Canara Shikhar-111” and “ Canara Shikhar-555” with

attractive rate of interest- refer H.O. Cir No. 13/2014

dated 04.01.2014 for details

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Welcome to Canara Bank Employees' Union

CBEU Welcomes you all

We warmly welcome you to the website of Canara Bank Employees' Union, the proud affiliate of AIBEA, the national organization of Bank employees.

CBEU is a progressive Trade Union wedded to the cause of workers in the Bank as well as the working class. Its mammoth strength, massive militancy and consistent experiments with grass root democracy have made it a distinct organisation.

It is also the only recognized majority Union of workmen in Canara Bank.

COM.AJAY MANJREKAR, GENERAL SECRETARY