From the website of Allbankingsolutions

Background to Letter of Honourable Justice V R Krishna Iyer

Just after the conclusion of the 9th Bipartite Settlement we have uploaded an article named (YOU CAN CLICK THE LINK TO READ THAT ARTICLE) "Honourable V R Krishna Iyer Supported the Cause of PF optees And Wrote to Prime Minister, Mr Manmohan Singh (uploaded on 05/05/2010)". This was the time when union leaders were under tremendous pressure and trying to defend themselves for caving into IBA's demand of recovery of 2.8 times of the salary of November, 2007, only by PF optees. They were trying to mislead the members on the plea that it was illegal to ask Pension Optees to contribute and PF optees were at fault for not opting the Pension in mid 1990s. Whereas the correct position was that these leaders did not even thought of consulting any legal counsels (as there was no time on the night of 26th and 27 April night), and they meekly just caved in to what was insisted by IBA.

The disclosure of the details of what happened on the night of 26th and 27th April, 2010 on our website further sent shock waves across the union leaders. CLICK HERE TO READ THAT ARTICLE : (BEFI SPILLS THE BEANS - WHAT HAPPENED BEHIND THE CURTAIN BETWEEN 13TH APRIL AND 27TH APRIL, 2010 (uploaded on 07/05/2010). From this article it was clear that union leaders actually did not apply any mind on the legal issues but merely agreed to what IBA asked for.

It appears the above two articles sent almost all the union leaders across the country into damage control mode. They started blaming each other and tried to defend themselves. Not even a single union leaders have issued any clarification on the arguments raised by Honourable Justice V R Krishna Iyer. They have neither disclosed any legal opinion that they obtained (if any), nor made public if any discussions were held on such legal issues at the meeting with IBA. When they failed to convince members, they started spreading various rumors.

Recently, we received a mail from Mr Venugopal (who is the original initiator of the letter to Prime Minister by Honourable V R Krishna Iyer), wherein he informed us that rumors are in the banking circle (most likely spread by unions other than BEFI), wherein AllBankingSolutions.com is being accused of that "it has been done at the instance of BEFI". It was very painful for us to be accused of such charges. We immediately confirmed him that "we have not published the contents of the letters at the instance of any union".

He appreciated our stand and sent us some more documents for sharing with the banking community.

Now, first of all let us try to understand the issue. Mr C N Venugopalan, is an Ex-Manager, Union Bank of India & Ex-Vice President UBI Retired officers’ Association (Kerala) He has been fighting lonely for last many years for the rights of the bankers. As he failed to get justice at various forums (we will be soon uploading some of the the letters sent by him to various authorities on our website), he addressed a letter dated 16th September, 2008, to Prime Minister of India, and approached Honourable V R Krishna Iyer, (one of the highest revered justice of Supreme Court, and known for landmark judgments at Supreme Court) and appraised him about the issues. Once Honourable Iyer got convinced that injustice is being done to the bankers, he was kind enough to wrote a covering letter dated 17th September, 2008 to the petition of Mr Venugopalan to Prime Minister of India. [The contents of this covering letter we have uploaded under the above referred article].

Now the questions comes, how does BEFI comes to picture? Who is spreading the rumors that AllBankingSolutions.com has uploaded the letter of Justice Iyer at the instance of BEFI? By this article, we request BEFI to issue clarification on this issue. It is a sad state of affairs that when the so called "retired and tired" union leaders have failed miserably to get a reasonably fair hike for the bankers, they are accusing and misleading others for bring the truth before the members.

We would like to assure our readers that we are working independently and are not influenced by any group / union / association etc. We write on the website the views of the readers and what we feel is in the interest of the bankers. We are not afraid of criticism but we would like to request everybody that they should not believe the rumors. Union leaders may not agree with our views but hard facts can not be denied. The material received by us from any circle is reviewed and placed on our website. We have placed a good number of circulars issued by various unions on website, but that does not mean that we are influenced by such unions. If any top union leader feels that contents of our website are biased, let him send his views. We will upload those views also. But please do not spread rumors and mislead the bankers.

Now we would like to tell our readers that we will be uploading the letters of Mr Venugopalan, soon so that readers who wish to fight can benefit from such views. Wait and Watch.

With good wishes to all our readers.