Bank Unions

Bank unions defer 2-day nationwide strike after govt, IBA assurance

Bank unions on Friday deferred their two-day nationwide strike beginning Monday after they received positive assurance from both the finance ministry and the IBA on their demands, including a five-day work week and adequate recruitment in all cadres. The strike call for March 24 and 25 was given by United Forum of Bank Unions (UFBU), an umbrella organisation of nine bank employees' association. The decision to defer strike was taken before the Chief Labour Commissioner who had called all parties for a conciliation meeting here. Representatives of Indian Banks' Association (IBA) and the finance ministry assured to deliberate on demands raised by unions. The UFBU had also demanded immediate withdrawal of the recent directives of the Department of Financial Services (DFS) on performance review and performance-linked incentives (PLI), which threaten job security and create division amongst employees. "IBA proposed to further discuss issues like recruitment and PLI and other issues. Th

Bank union calls nationwide strike on March 24-25: Check details here

The United Forum of Bank Unions called for the strike after negotiations with the Indian Banks' Association (IBA) failed to yield desired results

CPI raises bank unions' demand of 5-day working in Rajya Sabha

Rajya Sabha CPI member Sandosh Kumar P on Tuesday asked the finance minister to address the bank unions' genuine demands, including filling up vacant posts in public sector banks, and five-day working. Raising the issue during Zero Hour in Rajya Sabha, Kumar said the United Forum of Bank Unions, an umbrella organisation of nine unions, has called for a 48-hour bank strike on March 24-25 to press for their demands. Stressing that bank employees, especially in public sector banks, are facing a lot of problems, he said the strike is going to affect the banking sector. One of the major issues is shortage of staff in public sector banks, he said. Sandosh said there are about 2.11 lakh vacancies in banks. Lack of adequate staff is adversely affecting mental health of workers as they are overburdened. Another issue is related to five-day working for bank employees. "It was a demand from bank employees, and there is a consensus also. The bank authorities, the Indian Bank Association, als

Bank unions to hold nationwide strike on March 24, 25 after talks fail

The United Forum of Bank Unions (UFBU) on Thursday said its two-day nationwide strike on March 24 and 25 will be observed as scheduled since discussions with the Indian Banks' Association (IBA) over key demands failed to yield any positive outcome. In a meeting with the IBA, all UFBU constituents raised issues, including recruitment in all cadres and a five-day workweek. Still, the key issues remained unresolved, National Confederation of Bank Employees (NCBE) General Secretary L Chandrasekhar said. The UFBU, an umbrella body of nine bank employees' associations, earlier announced the strike to press for these demands which included filling up the workmen and officer director posts in public sector banks. The unions have also sought the withdrawal of recent directives from the Department of Financial Services (DFS) regarding performance reviews and performance-linked incentives, alleging that such measures threaten job security and create employees. The UFBU has further opposed wha

UFBU seeks adequate hiring in PSBs, regularisation of temporary staff

Over the years, the workforce in PSBs has dwindled significantly, creating an unsustainable work environment and compromising the efficiency and reach of these institutions

Bank officers' union threatens to call on two-day nationwide strike

Bank officers' union AIBOC on Thursday threatened to go on a nationwide strike on February 24-25 to press for their various demands, including a 5-day work week and adequate recruitment in all cadres. Besides, the union has demanded immediate withdrawal of the recent directives of the Department of Financial Services (DFS) on performance review and PLI, which threaten job security and create division amongst employees. It further pitched to fill the post of workmen/officer directors in public sector banks and resolution of pending residual issues with IBA. In a statement, All India Bank Officers' Confederation (AIBOC) said it has been proposed by the executive committee to go for a two-day nationwide strike, tentatively scheduled for February 24-25, 2025. If required, more stringent actions may follow. Agitation programmes will start soon after the notice of the strike is served this month. The union alleged that micro-management of PSBs on policy matters by the DFS undermining th

Bank union urges more staff, security amid Ladki Bahin Scheme rollout

Additionally, some beneficiaries with defaulted accounts face restrictions that prevent them from accessing benefits, resulting in unrest and even violence at branches

Wage talks between bank employees unions and banks to start on July 28

"IBA was positive to our demand and agreed to work out an amicable resolution of this issue at the earliest", AIBEA claimed

Bank unions ask RBI to withdraw compromise settlement for wilful defaulters

Last week, the Reserve Bank of India (RBI) released a framework for lenders governing technical write-offs and compromise settlements, including those classified as fraud or wilful defaulters

Indian Banks Association considers 5-day work week for bank employees

If the proposal gets IBA's nod, it will be sent to the finance ministry and subsequently to the Reserve Bank of India's (RBI) for approval

Bank unions defer two-day strike; next round of talks on January 31

Another round of talks is scheduled to be held on January 31 between the Indian Banks Association (IBA) and the bank unions to iron out the issues

United Forum of Bank Unions to go on two-day strike from January 30

The decision was taken at a meeting of UFBU held in Mumbai on Thursday

Chief labour commissioner to meet bank unions on proposed Nov 10 strike

Banks notices say normal services could get affected but they are taking action to keep work going

Bank officers' union protests against violation of HR norms by StanChart

The All India Bank Officers' Confederation (AIBOC) has alleged violation of HR practices by foreign lender Standard Chartered Bank and submitted a detailed memorandum requesting the bank's CEO for immediate remedial measures. The union also alleged that the bank is delaying in recognising Association of Standard Chartered Bank Officers (Kolkata) ASCBO despite several reminders. The right to form association/union is a fundamental right enshrined under Article 19 (1) (C) of the Constitution of India, and any attempt to disavow and thwart the fundamental rights of members of ASCBO will not be condoned by AIBOC, the memorandum said. "The obsolete pay scales and the unsettled service conditions beckons for an overhaul...it is imperative to approve fair and appropriate service conditions for the officers, in consonance with the industrial norms and practices," it said. AIBOC general secretary Soumya Datta urged the management of Standard Chartered Bank to initiate dialogue with the ASCB

Bank employees' unions call for restoration of old pension scheme

Submit charter of demand for wage revision as part of 12th bipartite settlement

Bank union opposes public sector banks' 'loan melas' on NPA pile-up fears

The Maharashtra State Bank Employees Federation (MSBEF) on Monday opposed 'loan melas' organised by state-owned banks, saying that credit granted without much diligence at such events lead to pile-up of non-performing assets. Such 'melas' add to the retail Non-Performing Assets (NPAs) for the lenders as the loans are granted without much diligence, MSBEF said in a statement. The statement comes on a day when Union minister of state for finance Bhagwat Karad is attending one such mela in Maharashtra's Aurangabad, where public sector lenders are targeting to distribute Rs 2,900 crore of loans. Stating that past experience suggests borrowers stop repayments for such loans, the MSBEF said, no political party helps in the loan recovery process. "The same political parties demand for waiver of those loans so as to appease voters" during elections, it said, adding that such events vitiate the recovery atmosphere. Public sector banks are put into crisis through NPAs, and the same is used

No benefits from consolidation of state-owned banks: Bank unions

They say no benefits were seen from previous rounds

Bank unions defer June 27 strike as IBA agrees to initiate talks

As per the agreement with IBA, the negotiation talks on various pending issues would begin on July 1

Bank unions call for two-day nationwide strike on December 16-17

United Forum of Bank Unions convener Mahesh Mishra on Thursday said the government wants to pass the Banking Reforms Bill in the current session of Parliament, paving the way for privatisation

Bank officers' union extends support to 'Bharat Bandh' by farmers on Sep 27

The All India Bank Officers' Confederation (AlBOC) on Wednesday extended its support to the 'Bharat Bandh' called by Samyukta Kisan Morcha on September 27