Many private sector banks, who are party to the 12th Bipartite Settlement/8th Joint Note, have neither implemented payment of ex-gratia to the pensioners nor extended an option for pension to the resignees so far, claimed the All Kerala Bank Retirees’ Federation (AKBRF).It is a matter of sadness that the managements of these banks are not considering the plight of their retired employees and officers, said KS Krishna, General Secretary, AKBRF.“It is most unfortunate that these Bank Managements are not taking a favourable and positive decision to comply with the provisions of the Bipartite Settlement/Joint Note and clarifications from the Indian Banks’ Association,” he said.AKBRF, in a statement, alleged that private sector banks such as Dhanlaxmi Bank (DLB), Kotak Mahindra Bank, Karnataka Bank, Karur Vysya Bank, RBL Bank and South Indian Bank (SIB) have not implemented payment of ex-gratia to the pensioners. Further, none of the Banks have implemented the scheme of pension-option for resignees.However, private sector banks such as Federal Bank, Jammu & Kashmir Bank and Nainital Bank have implemented ex-gratia.“Among the Banks, two Banks, DLB and SIB are headquartered in Keralam. In CSB Bank, which is headquartered in Keralam, there are pensioners under BEPR (Bank Employees’ Pension Regulations) 1995. There are Pensioners /Family Pensioners under BEPR 1995 in erstwhile Lord Krishna Bank, which was taken over by HDFC Bank.“Tamilnad Mercantile Bank also has not implemented ex-gratia,” stated Krishna. The fact is that all Pensioners/Family Pensioners in these Banks are eligible for ex-gratia with effect from November 01, 2022. 45 months have elapsed since then...Managements must mete out justice to the Retired Employees and Officers,” claimed Krishna.The AKBRF General Secretary emphasised that in an era without apps or instant transfers, the employees and officers of the banks won the trust of customers with ledgers, long hours, and listening.“They remembered names, celebrated milestones, and stood by families during their toughest financial decisions. That trust became the Banks’ most valuable asset, and they earned it daily. They brought in business when competition was fierce and resources were few.“Through integrity and relationships, they expanded products and services, from basic savings to housing loans, from fixed deposits to digital banking...Banks are growing today because they laid the groundwork yesterday,” Krishna said.Published on August 4, 2026