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The United Forum of Bank Unions announced a nationwide strike on 24 March and 25, demanding a five -day work week for the banking sector, increase in recruitment in all cadres, and regularization of temporary employees.
A coalition of UFBU, nine bank unions announced the decision on 13 March after a conversation with the Indian Bank Association (IBA), which failed to receive a proposal on major concerns.
The United Forum of Bank Unions (UFBU) have announced a nationwide strike on 24 and 25 March, demanding five days of work for banking sector, increased recruitment in all cadres and increased regularization of temporary employees.
A coalition of UFBU, nine bank unions announced the decision on 13 March after a conversation with the Indian Bank Association (IBA), which failed to receive a proposal on major concerns.
Major demands behind the strike
L. Chandrashekhar, General Secretary of the National Confederation of Bank Employer (NCBE), underlined several pressure issues, which remain unknowingly despite several discussions with IBA:
lack of staff: Immediate recruitment in all cadre to manage the efficiency.
Board representation: Appointment of those working and officer directors in public sector banks.
Job Safety concerns: Rollbacks of demonstration reviews and incentive policies launched by the Finance Department of Finance Ministry (DFS), which unions argue that employment stability is threatened.
Bank autonomy: Opposing what unions have described by the DFS as “micro-maneulation”, claiming that extreme intervention weakens the freedom of bank boards.
Gratuity Act Amendment: The proposal to increase the gratuity roof to ₹ 25 lakh, it was brought in accordance with the benefits of government employees, as well as the demand for tax exemption on gratuity payment.
UFBU trend on government policies
The unions have strongly opposed the recent DFS instructions on the encouragement and reviews associated with the performance, arguing that they create a job uncertainty and it should be canceled.
Who makes UFBU?
UFBU represents nine major bank employee unions, including:
All India Bank Employees Union (AIBEA)
All India Bank Officers Confederation (AIBOC)
National Confederation of Bank Employees (NCBE)
All India Bank Officers Association (AIBOA)
Bank Employees Federation India (befi)
Indian National Bank Employees Congress (INBEC)
Indian National Bank Officer Congress (INBOC)
National organization of bank workers
National bank officer (nobo) organization
Along with failing to resolve these disputes, UFBU has confirmed that the strike will proceed as per the plan, potentially affecting banking works across the country.
(With input from agencies)
