Public sector bank employees have called for a two-day strike on August 6 and 7. The decision was taken in the backdrop of failed talks between the United Forum of Bank Unions (UFBU) and Indian Banks’ Association (IBA) on wage revision.
The All India Bank Employees' Association (AIBEA) along with five other unions would observe a countrywide strike in the subsidiary banks of State Bank of India on July 6. The association had earlier called for a strike on July 3 to oppose the merger plans of the subsidiary banks with the parent SBI.
The wage revision talks between the United Forum of Bank Unions (UFBU), an umbrella body of bank employees’ organisations, and the Indian Banks’ Association (IBA) have hit a hurdle after the government asked IBA to offer an increase of only up to 15 per cent instead of the 17 per cent indicated earlier.
The All-India Bank Employees’ Association (AIBEA) On Thursday said that it was planning a strike in State Bank of India’s (SBI’s) subsidiary banks in the first week of July to protest the country’s largest lender’s decision to merge these entities with itself.
The RBI on Thursday asked banks to review their loan policy towards micro, small and medium enterprises (MSMEs), badly hit by the economic slowdown. “One has to be sensitive to the sector and put in a revised policy,” RBI Deputy Governor Usha Thorat said in her address at a conference here.
Around 800,000 employees of public sector banks are planning to strike work on June 12. The strike has been called by the United Forum of Bank Unions (UFBU) over wage revision and pension issues.
Around 500,000 workers affiliated to the All India Bank Employees' Association (AIBEA) and All India Bank Officers Association (AIBOA) are planning to go on a one-day, nation-wide strike in mid-July.
Over nine lakh employees of nationalised banks, helped by counterparts in the State Bank of India (SBI) joining their one-day strike, brought three-fourth of the countrys banking sector to standstill
This has the potential of unleashing the power of commercial banking for everybody and also, as bank unions believe, that of eroding trust that banks have built over the years.
The All India Bank Employees Association (AIBEA) has urged the central government to take severe action against the increasing bad loans in the banking industry. AIBEA will present its demands to the
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