According to IBA communication dated 13 April 2016 addressed to Dr. Natchiappan , Honorable MP & Chairman of Parliamentary Standing Committee on Public Grievances, wherein it states that" the matter regarding holding the discussion with the Retirees Associations on the issue raised by them was put up to the Managing Committee of IBA in its meeting dated 02/03/2016. The Committee deliberated at length on the issues and felt that in absence of a mandate from Member Banks, it would not be appropriate for the IBA to discuss / negotiate the issue with the Retiree Associations. There are number of Retiree Associations and and there is no set prescribed procedure to verify their majority status / membership details."
With this stand of IBA, Hope CBPRO and AIBRF will adopt their action plan to Counter IBA in the matter.
Courtesy: BANK PENSIONER