A brief of the meeting reports indicates as follows:-
(a) IBA team was represented by Shri K R Kamath, CMD, PNB and UFBU was represented by leaders of 9 constituent unions
(b) Both of them agreed that negotiations should be expedited and concluded in a time bound manner;
(c) Now the Negotiating Committee will be headed by M Bhasin, CMD Indian Bank, who is also Vice Chairman of IBA
(d) UFBU also asked IBA to simultaneously resolve the pending issues of ....(i) compassionate appointment ,
ii) coverage of remaining employees / officers under pension option scheme;
(iii) improvement in Family Pension,
(iv) Updation of Pension etc.
(e) Next round of talks will be held on 4th March, 2013.