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Bank Employees
A delegation of employees alleging unfair dismissal by the ICICI Bank met with Leader of the Opposition in the Lok Sabha Rahul Gandhi on Friday and shared accounts of being "abruptly terminated" while on medical leave or for raising concerns about management practices. The delegation of employees alleging unfair dismissal by the bank met Gandhi at his office at the Parliament House Complex. There was no immediate reaction from the private bank. They shared accounts of being abruptly terminated while on medical leave, during periods of sanctioned absence, or for raising concerns about management practices, the Congress said in a post on X. The employees highlighted that such practices are not isolated to ICICI Bank but reflect a broader trend across private sector banks, driven by mounting pressure to maximise profits.
All India Bank Officers' Confederation (AIBOC) on Thursday demanded a long pending implementation of a 5-day work week for bank employees among others. Besides, the bank officers union pressed for recruitment at public sector banks to address staff shortage. The acute shortage of clerical and subordinate staff compels officers to undertake tasks outside their primary duties, AIBOC said in a statement. Recently, it said, bank employees have been subjected to violent attacks, often instigated by politically connected individuals, both within branches and in public spaces. AIBOC in a letter written to the Department of Financial Services said the current environment of physical risk, coercion and internal toxicity has become a serious deterrent. "We look forward to your prompt attention to this matter and an affirmative response that reassures our officers of the Ministry's commitment to their safety and well-being," it said. On the issue of a 5-day work week, the union said, it is
A woman employee collapsed and died at a private bank in the Vibhuti Khand area here, police said on Wednesday. The incident occurred on Tuesday. The cause of the woman's death is yet to be ascertained, they said. "Sadaf Fatima (40) worked with a private bank. On Tuesday, she collapsed in the office. Her co-workers rushed her to a nearby government hospital where doctors pronounced her dead," said Station House Office (SHO), Vibhuti Khand, Sunil Kumar Singh. The body was sent for post-mortem examination. "The family members of the deceased have not filed any complaint in the matter. Further action will be taken based on the findings of the post-mortem," Singh said. A relative of Fatima told reporters that she was the sole breadwinner of her family. Samajwadi Party (SP) president Akhilesh Yadav said the news of the woman employee's death was very worrisome as such incidents raise questions about the working conditions in various organisations. "Such news is a symbol of the curren
Indian Banks' Association and bank employee unions on Friday agreed on an annual wage hike of 17 per cent, a move that will result in an additional yearly outgo of around Rs 8,284 crore for public sector banks. As many as 8 lakh bank employees are set to benefit from the wage hike, which will be effective from November 2022. All India Bank Officers' Confederation said that a joint note agreed to recognise all Saturdays as holidays, pending government notification. The revised working hours will be effective after notification by the government, it said. "The new pay scales have been constructed, after merging Dearness Allowance corresponding to 8088 points and additional load thereon," it said. Under the new wage settlement, all women employees would be allowed to take one day sick leave per month without giving a medical certificate. Accumulated privilege leave may be encashed up to 255 days at the time of retirement/upon death of an employee while in service, it said. "Today m