Pvt banks should participate in inclusive banking: AIBOC

The All India Bank Officers' Confederation (AIBOC) has demanded that all banks including the new generation private sector banks and foreign banks need to participate in the inclusive banking process.

It also called for upgradation of pension as and when salary revision takes place, medical facilities to the pensioners as in the case of chairman and managing directors (CMDs), provision of five-day week for the banking industry and regulated working hours for the bank officers.

Addressing media persons here, G D Nadaf, general secretary, AIBOC said, “Presently, the working hours of bank officers are not regulated. We demand that their duty hours should be specified. Our confederation is opposed to mergers and acquisition in the banking industry and we demand more number of branches of public sector banks and also a commensurate addition in manpower.”

The two-day business session of AIBOC began on January 30.

The conference is expected to be attended by over 1500 delegates and observers from all over the country.

The General Council of AIBOC will deliberate on the issues confronting the labour movement, threat to trade union rights and de-unionization.

The AIBOC has alleged that continuous efforts are being made to dilute labour welfare measures as part of the globalization process of the economy and attacks are mounted on the trade unions in order to create a trade union free environment and throttle the voice of the workers.