Bank Employees Call For Strike On Feb 28

Posted By:
Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Operations at public sector banks may be hit on Tuesday as most unions under the aegis of UFBU have threatened to go on strike to press for various demands, including accountability of top executives in view of mounting bad loans in the banking sector.

    Most of the banks, including SBI, PNB, and BoB, have already informed their customers that functioning of branches and offices will be impacted if the strike takes off.

    The functioning of private lenders like ICICI Bank, HDFC Bank, Axis Bank and Kotak Mahindra Bank is expected to be normal except the delay in cheque clearances.

    Bank Employees Call For Strike On Feb 28

    The United Forum of Bank Unions (UFBU) is an umbrella body of 9 unions, but two of the Bharatiya Mazdoor Sangh affiliates -- National Organisation of Bank Workers and National Organisation of Bank Officers -- are not part of the stir.

    The conciliation meeting before the chief labour commissioner on February 21 failed to break the logjam as the bank management represented by the Indian Banks Association did not agree to demands and put conditions, All India Bank Employees' Association (AIBEA) General Secretary C H Venkatachalam told PTI.

    All attempts to find solutions to the demands raised by the unions yielded no results and hence, UFBU decided to proceed with the proposed strike on February 28, he said.

    Unions are also opposed to the proposed labour reforms of the government and outsourcing of permanent jobs in the banking sector.

    Some of the demands include compensation of employees and officers for extra hours of work put in following demonetization in November and early initiation of the process of next wage revision of bank employees.

    They have also demanded adequate recruitment in all cadres, stringent measures to recover bad loans and accountability of top executives. Besides, they have pitched for criminal action against wilful defaulters.

    UFBU, who claims membership of nearly 10 lakh across banks, also requested the government for cost reimbursement of demonetization to banks.

    As many as 27 public sector banks control 75 per cent of the total business.

    Goodreturns.in 

    Read more about: bank employees banking
    Story first published: Monday, February 27, 2017, 11:34 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more