Today (03-04-2010) morning, as informed earlier, we had another round of talks between our five workmen unions and IBA. In today’s meeting, after detailed discussions, final understandings have been reached on the various service conditions and the chart on distribution of the total increase of Rs. 2577 crores to various heads has been finalised. It has now been decided that the next meeting will take place on 7th April, 2010 when the draft settlement will be taken up for finalisation. It has been further decided that after finalising the draft settlement, the signing of the same should be completed by middle of April, 2010.

As scheduled, another round of Bipartite talks were held today (09.02.10) in Mumbai between IBA and 5 workmen Unions. IBA team was led by Mr. Jagdish Pai, (ED, Canara Bank), Chairman of the Core group of the Negotiating Committee and from the unions, all the five workmen unions viz., AIBEA, NCBE, BEFI, INBEF and NOBW were represented.