ALL INDIA STATE BANK OF PATIALA EMP. FEDN.
(Regd.& Recogd.)
(Affiliated with AIBEA)
Central Office: C/o State Bank of Patiala,
Head Office, The Mall, Patiala
Phone: 0175-2202468, Fax-0175-2216985, Resi.0175-2321859
Email: www.aisbopef.org
CIRCULAR NO. 54 15th December, 2010
FOR ALL MEMBERS:
Dear Comrades,
We here by reproduce Circular NO.62/2010 dated 16th November, 2010 issued by Com. N.VENUGOPAL, Working President, SSBEA along with text of memorandum submitted to the Managing Director, State Bank of Patiala for the information of our members. We also congratulate all the Members for enhancement of amount and reduction rate of interest on vehicle loans to award staff, due to the .efforts taken by SSBEA.
With Greetings
Yours comradely,
S.K.Gautam
General Secretary(Acting)
SSBEA BIPARTITE MEETING
Members are aware that the State Sector Bank Employees Association has not been able to hold Bipartite meeting with State Bank of India in the recent past. The last meeting which was held in 2007 at Indore did not yield any benefits to the members.
The SSBEA forum of Associates Banks unions has some retiries representing their respective banks. The SBI has taken a stand that they will not hold discussions with the representatives who are retired Employees of the Associate Banks this issue has drawn the attention of All India Bank Employees Association as the conditions put by the SBI was illegal. The AIBEA has taken up the issue with the Govt. of India and the issues is yet to be resolved.
The undersigned as Working President, SSBEA along with Com.J.P.Jawahar, General Secretary of SSBEA from State Bank of Indore visited SBI Corporate Office Mumbai on couple of occasions to persue for any early date of holding the Bipartite discussions. In the meantime the State Bank of Indore was merged with SBI.
Now the undersigned is pursuing with the SBI for an early date for holding the Bipartite discussions. The issues that are taken by the SSBEA are as under.
a) Conveyance reimbursement of Cost of Petrol as in SBI.
b) Housing Loan: Enhancement in the quantum and reduction in rate of
intrest.
c) Interest rates on Over draft and term loan to be charged at simple rate of
interest
d) Improvement in Scholarships/welfare schemes.
e) Currency Administration Cell : Cashiers on mobile duty to be given
adequate compensation
f) Vehicle Loan : Increase in quantum, reduction in rate of Interest &
reduction in the margin,
g) Entertainment Allowance to all staff members.
h) Introcuction of group insurance,
i) Reimbursement of conveyance and freight charges for shifting household
articles to the native place from the place of retirement.
j) Reimbursement of cost of root canal treatment.
k) Review promotion policy from Clerical to Officer and subordinate to
clerical.
With greetings,
Sd/-
(N.VENUGOPAL)
Working President
VEHICLE LOAN TO AWARD STAFF
Consequent to the reporting made to the Office Bearers in the meeting held on 5th December, 2010, at New Delhi, on the visit made by the undersigned, to the Corporate Office, State Bank of India, Mumbai, for pursuing the issues, which we have taken up with the Management of State Bank of India, we are happy to inform you that the State Bank of India has conceded to one of our demands for enhancing the limits of Vehicle Loan and have issued necessary communication to all the Associate Banks for implementation.
In terms of the revised guidelines, the vehicle loan scheme is reproduced here below:-
Car Loan to Clerical Staff
LIMIT : RS.4.5 LACS
MARGIN: 10%
RATE OF INTEREST: 7% P.A. SIMPLE
REPAYMENT: 180 MONTHLY INSTALLMENTS
(PRINCIPAL -132 INTT. – 48 MONTHS
SCOOTER/MOTOR CYCLE/MOPED LOANS TO CLERICAL & SUB STAFF
LIMIT: : RS. 60000/-
MARGIN : 10%
RATE OF INTEREST : 7% P.S. SIMPLE
REPAYMENT : 84 MONTHS (Principal – 70 months,
Interest – 14 months)
The proposed scheme on vehicle loans will be applicable to fresh loans and to existing loans with effect from 01.01.2011.
With greetings,
Sd/-
(N.VENUGOPAL)
Working President
TEXT OF MEMORANDUM SUBMITTED TO THE MANAGING DIRECTOR
Dated:15th December, 2010
The Managing Director,
State Bank of Patiala,
Head Office,
PATIALA.
Dear sir,
REG: HOUSING LOAN – ENHANCED LIMITS;
REIMBURSEMENT ON ROOT CANAL TREATMENT;
REIMBURSEMENT OF COST OF PETROL
At the outset we thank you for considering enhancement of Vehicle Loan to Award Staff along with reduction in rate of interest and margin on the lines available to the employees of State Bank of India.
We now request you to kindly revise the Housing Loan Scheme to be on par with State Bank of India Employees. We understand that several other Banks like Canara Bank, Bank of Baroda etc., have also revised the Housing Loan Secheme for their employees.
We also request you to consider reimbursement of cost of Petrol to all the employees in Award Staff cadre. We understand that several Banks including State Bank of India have been reimbursing cost of petrol to their employees.
Similarly, the reimbursement of Root canal treatment is being extended to Officers only and the same needs to be introduced for the Award Staff Employees also.
Although these issues have already been taken up by the SSBEA with State Bank of India Corporate Office, we find that no meeting is taking place for various administrative reasons by State Bank of India. Any delay in extending these benefits to the employees will only result in denying them of the benefit. Our employees have been looking for these benefits to be introduced in our Bank, which we are sure, will go a long way in enhancing the Industrial Relations.
We look forward for your positive response.
Thanking you,
Yours faithfully,
SD/-
S.K.GAUTAM
General Secretary(Acting)