TO THE MAN WHO ONLY HAS A HAMMER, EVERYTHING HE ENCOUNTERS BEGINS TO LOOK LIKE A NAIL
RED SALUTAES TO ALL OF YOU
YOU HAVE MADE IT POSSIBLE YET AGAIN
ADDITIONAL INCREASE WILL BE
Rs. 4725 CRORES ON PAYSLIP COST
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.
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.
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)
*Interview for Promotion to JMGS I Officer, will be from 6th to 8th March 2014
“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
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