The sudden love of the IBA to offer adhoc arrears raises several questions;
1. Wage settlement was due since Nov 2017, even though Government was in favour of wage settlement to be completed by October 2017 the first offer of 2,% was made by IBA only in 2018 nearly one year after wage settlement was due. Where was this love then?
2. The first offer made by IBA was meagre 2% (remember bank wage settlement is for five year term) . Where was this love then ?
3. Till now there are nearly 30 rounds if discussions held without any concrete outcome except that the offer stands at 12%. Where is the love?
4. Till now IBA is not able to get clear mandate for wage settlement upto Scale VII as was common practice. When it can order all banks to pay adhoc arrears and banks are following it thinking that there is no tomorrow can't IBA apply the same for mandate issue. Where is the love?
5. Lot of sub committee have been formed to settle various demands delaying the process further, when all union representative are available at meeting what was the necessity to have such sub committes. Where is love then?
6. Why IBA did not consult unions before releasing the orders for payment of adhoc arrears when they are party to negotiation, was the intention f IBA is to degrade unions in eyes of employees or to show its its supremacy. Where is love then?
7. Bankers toiled day and night during demonetisation time and asked for compensation in form of overtime which failed to reach IBA or it acted as unheard, then where this love came when nobody asked for it ?
8. Does IBA wants to pacify bankers as they are angry with wage settlement delay,bank mergers, proposal to go for strike etc ?
9. There are various issues like security of ATM, attack on bank staff by public at branch or during recovery, decoity at branches, recovery of big corporate NPA, mess created by Government by giving loan waivers causing prompt payers to shun repayment and other problems which needs to be addressed by IBA, leaving all these why such love to release arrears when there is no time limit set for conclusion of wage settlement?
Or is the IBA hinting that the settlement conclusion may take two more years ?
