

THANKS TO THIRU Dr. RAVIKUMAR, OUR HON'BLE MP FROM VILLUPURAM TAMIL NADU
IBA'S DOCTRINE VIDE Ref.PD/CIR/76/G(ii)1905 DATED 31 03 1994 CLARIFIES AS TO THE EXISTENCE OF PENSION UPDATION ON RBI LINES (ANNEXURE- III) .
THIS WAS ALSO REITERATED WHEN ONE MORE OPTION FOR PENSION WAS OFFRED SUBSEQUENTLY AFTER THE IMPROVISATION MADE TO THE ORIGINAL PENSION SCHEME BY DELETING THE "FORFEITURE CLAUSE FOR PARTICIPATION IN STRIKE"
IN THE ABOVE BACKDROP ALONE, IBA HAS NOW TESTIFIED BEFORE THE GOVERNMENT SAYING - "THE COMMITTEE SETUP TO LOOK INTO THE MATTER OF PENSION UPDATION OF PSBs - HAS SUBMITTED ITS REPORT TO THE HON'BLE SUPREME COURT - AND THUS THE MATTER IS STILL SUB-JUDICE"
THIS IS WHAT EXACTLY ANSWERED BY THE MINISTRY WHILE REPLYING ON THE FLOOR OF THE HOUSE IN THE PARLIAMENT ON 13 02 2023 TO THE QUESTION RAISED BY DR. RAVIKUMAR, OUR HON'BLE MP FROM VILLUPURAM - TAMIL NADU .
WE THEREFORE, OWE OUR GRATITUDES TO THIRU DR. RAVIKUMAR GARU OUR HON'BLE MP FROM VILLUPURAM - TAMIL NADU.
IN FACT, THE ISSUE WAS RAISED BY DR. RAVIKUMAR GARU UNDER CALL ATTENTION (MOTION # 7 WAY BACK ON 30 11 2021) FOR DEBATE ON THE FLOOR OF THE HOUSE DURING THE LAST YEAR'S BUDGET SESSION ITSELF . SOME HOW THE SAME COULD NOT COME UP DEBATE FOR OBVIOUS REASONS. THUS, THIRU DR. RAVIKUMAR , OUR HON'BLE MP HAS BEEN EXHIBITING HIS EMPATHY AND CONCERN TOWARDS THE RETIREES IN GENERAL & HIS ERSTWHILE COLLEAGUES IN SYNDICATE BANK IN PARTICULAR.
THUS, WE OWE OUR GRATITUDES TO THIRU DR. RAVIKUMAR GARU OUR HON'BLE MP FROM VILLUPURAM - TAMIL NADU.
THE ABOVE FACTS AMPLY & IMPLIDELY CLARIFY THAT PENSION UPDATION ISSUE IS OUTSIDE THE PURVIEW OF BIPARTITE NEGOTIATIONS IN TERMS OF THE IBA's "CLARIFICATORY" CIRCULAR COMMUICATION VIDE Ref.No. PD/CIR/76/G(ii) /1905 March 31,1994 ADDRESSED TO ALL IT'S MEMBER BANKS, IT'S ALREADY AGREED UPON MUTUALLY BY UFBU & IBA FOR RBI PATTERN OF PENSION UPDATION IN CLEAR TERMS.
THEREFORE, IN THE ABOVE BACKDROP & IN THE WAKE OF IBA'S ALREADY HAVING SUBMITTED ITS REPORT TO THE HON'BLE SUPREME COURT, PENSION UPDATION CANNOT BE VIEWED AS AN ISSUE AFRESH FOR FURTHER DISCUSSION BETWEEN IBA & UFBU AS ALREADY CONFIRMED BY THE MINISTRY ITSELF.
THAT BEING THE CASE, THEN WHAT ELSE IS LEFT OUT FOR ANY DISCUSSION BETWEEN IBA & UFBU OTHER THAN THE RESIDUAL ISSUES PERTAINING TO THE WORKING EMPLOYEES ON 28 02 2023 ??
HOWEVER, IT COULD BE ONLY TO NEGATE THE ABOVE AGREED POSITION AND THEREBY ONLY AGAIN TO DISCRIMINATE & DEPRIVE PENSION UPDATION ON RBI PATTERN TO THE UNFORTUNATE PRE-2002 RETIREES, TOWARDS THIS ILL- CONCEIVED GOAL, IBA IS CERTAINLY DEPENDING ON THE UFBU TO INK IN BLACK & WHITE -AS A CLANDESTINE UNDERSTANDING AS ALREADY PREDETERMINED BY IBA.
THAT APART, BY VIRTUE OF THE NOTIRIOUS "MAGNACARTA"( Nick-Name by which I prefer to refer the "RECORDNOTE") CLANDESTINELY SIGNED BY IBA-UFBU NEXUS LONG AGO, UFBU IS NOT IN A POSITION TO MAKE ANY DEMAND ON THIS ISSUE AS THEY ARE ALREADY SILENCED BY THEMSELVES...
With the Divine blessings of Matha Kanaka Durga abode इन्द्रकीलाद्रि - विजयवाद Indrakeeladri- Vijayawada, we eagerly look forward to bring solace to the grief-stricken hearts of the bank retirees in general and the SUPER SENIORS IN PARTICULAR WHO ARE WAITING FOR THE ETERNAL CALL FROM THE ALMIGHTY.
“|| यतो धर्मस्ततो जयः ||”
IS THE ULTIMATE ......
I remain – Yours Honour ,
దేవులపల్లి శ్రీనివాస మూర్తి
DEVULAPALLI SRINIVASA MURTI
Flat # 102 "Sai Kunj" Lakshminarasimhapuram Colony, Hastinapur North - Hydearbad 500079
9989318300