NOTE: SBINEWS DOES NOT PERMIT CIRCULATION OF ATTACHMENTS. ATTACHMENTS, IF ANY, CIRCULATED WILL BE ONLY BECAUSE OF VIRUSES. PLEASE,THEREFORE, IGNORE ATTACHMENTS IF ANY IN SBINEWS MESSAGES ************************************************************************ ALL INDIA STATE BANK ALL INDIA STATE BANK OFFICERS' FEDERATION OF INDIA STAFF FEDERATION SBI Bldg., St.Mark's Road, C/o SBI. LHO, BHUBANESWAR-751 001 BANGALORE-560 001: CIRCULAR NO. 117 3rd December. 2004 TO ALL AFFILIATES/MEMBERS AGITATION CALLED OFF We furnish below the text of Jount Circular No. 6243/436/04 issued by AISBOF & AISBISF on the above subject. With greetings, Sd/- SHANRHA RAJU (GENERAL SECRETARY) TEXT OF JOINT CIRCULAR No. 6243/436/04 UNDERSTANDINGS REACHED JOINT STRUGGLE CANCELLED BIPARTITE/TRIPARTITE RELATIONS TO RESUME In course of several rounds of informal as well as formal discussions with the core committee of the Federations by the Senior Executives of the Bank as also concern expressed by the Top Executives of the Bank to restore normalcy and its sincerity to resolve the issues raised by both the Federations in the strike notice, a Tripartite Meeting was convened today at Mumbai. After detailed discussions, broad understandings have since been reached between the representatives of the both the Federations and Management on all the major issues raised by us. Some of the important issues sorted out are as under: 1. INTEREST ON LOAN TO STAFF Bank has agreed to consider the matter of extending to its employees personal, housing and vehicle loans at concessionary rates of interest, similar to what the Bank offered to public including employees of corporates. 2. STAFF WELFARE FUND The Bank would make every effort that all the eligible wards of officers and staff who have applied for scholarship are extended the facility during the current financial year. Bank will be vigorously following up with the IBA and Government of India for increase in allocation of welfare fund including per capita expenditure. 3. HOLIDAY HOMES The Bank agrees to consider the request to open holiday homes, in lieu of those which have been closed, at places where there is adequate potential of its utilization. Thereafter, the Core Committee of the Federations met and has unanimously decided to call-off the agitation and to resume further discussions to find final solutions to all the issues raised by us jointly. We are also happy to inform that the Bank has withdrawn the Court cases filed against both the Federations and its affiliates at Mumbai as also its office-bearers in their personal capacity unconditionally. Comrades , the Joint Struggle is a historic one. it has brought both the Federations closer and demonstrated our solidarity and unity for the betterment of the Employees and Officers of the bank. The Joint Coordination will continue on all the issues of common interest. We compliment all our comrades in both the Federations for having stood solidly behind the organization and creating a strong pressure on the Management . In view of our decision to call-off the agitation, we appeal to all our comrades to extend full co-operation to the bank in restoring normalcy as early as possible. Once again we express our gratitude for the support extended to the joint struggle and appeal to members to be in readiness for any action in future at short notice, if required. With greetings, Sd/- Sd/- SHANTHA RAJU P.K.PATNAIK GENERAL SECRETARY SECRETARY ---------------------------------------------------------------------- This message is intended only for the use of the Addressee and may contain information that is PRIVILEGED and CONFIDENTIAL. If you are not the intended recipient, please erase all copies of the message and its attachments. Any unauthorized access, usage, reproduction, disclosure of the contents of the mail and its attachments, without the explicit permission of the Bank is prohibited and State Bank Of India (SBI) or any of its officials, including the sender of this mail, would not in any way be liable for the same. SBI accepts no liability for any damage caused by this e-mail. ---------------------------------------------------------------------- Email From ""Rajendra S. 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