Special Correspondent

SHIMOGA: President of the State Bank of India Officers’ Association (Karnataka) B.S. Ravindra said on Sunday that the formula of the Sixth Pay Commission for Union Government’s employees should be used to revise the pay scales of employees of public sector banks.

Inaugurating a conference of the State Bank of India Officers’ Association of Hassan Zone comprising Shimoga, Hassan and Chikmagalur districts, he said no headway had been made in arriving at any agreement on the revision of pay scales even after eight rounds of talks since October 2007.

Meanwhile, the second option for pension was being offered to employees only if they agreed to the new pension scheme the details of which were still not made known, he said.

He, however, said that the new pension scheme was not advantageous to bank employees as its management would be handed over to foreign banks.

“Hence, it is not acceptable to the employees,” he said and added that the All India Bank Employees’ Unions had given a call for a nationwide general strike on June 12 to press for revision of pay scales and introduction of a pension scheme which ensured a monthly pension of at least 50 per cent of the last salary drawn.

Referring to the reported remark that the success of the Congress-led United Progressive Alliance Government was attributable to “pro-economic reforms” and consolidation of banks’ resources, Mr. Ravindra said that it was nothing but misinterpretation of the voters’ mandate to it.

He said that if the Congress emerged victorious in the recent elections, it was because of many reasons and not the economic reforms of the UPA Government.

Chairman of the reception committee L. Hanumanthu welcomed the gathering.