Bank unions to discuss benefit curtailment plan

Bank unions will meet in Kolkata on March 24 to formulate a strategy to counter the government’s directions to banks seeking curtailment of employee benefits to avail capital infusion. Recently, the government had sent letters to 10 banks, asking them to lay out a road map for revival. The letter also states that some staff benefits could be restructured on a temporary basis. The meeting has been convened by the All India Bank Employees Association.