Page 2 - Bank Unions

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

Covid-19: Bank unions request finance ministry for steps to protect bankers

Bank unions have asked the finance ministry to initiate measures such as reducing banking days and allowing branches to work with minimum staff to protect employees from coronavirus infection.

Cheque clearing to be done at all bank branches by September 30

The measure was first announced during February policy meet of RBI, but the guidelines were to be issued by March

Bank unions oppose Centre's move to allow all pvt sector banks in govt biz

The finance ministry, in a statement, said all private sector banks can now participate in government-related businesses like collection of taxes, pension payments and small savings schemes

Bank unions plan march towards Parliament in Mar to protest privatisation

Bank unions on Friday staged protest in all the state capitals

Include bankers in priority groups for vaccination: Bank officers' unions

Three leading coronavirus vaccine developers -- Pfizer Inc and AstraZeneca Plc and Bharat Biotech -- have applied for emergency use authorisation in India.

Farmer protests: Bank unions not to participate in Bharat Bandh on Tuesday

Bank unions said they will not participate in the 'Bharat Bandh' on Tuesday, even as they expressed solidarity with farmers protesting against the new farm laws.

Bank unions lend support to farmers' agitation against new farm laws

The All India Bank Employees'' Association (AIBEA) in a statement said the government should come forward and resolve their demands in the interest of the nation and farmers

Bank union seeks RBI intervention into state of affairs at Dhanlaxmi Bank

Bank union AIBEA has urged RBI governor Shaktikanta Das to intervene into the affairs of Dhanlaxmi Bank which it alleged is "heading into wrong direction". The All India Bank Employees' Association (AIBEA) in a letter to the RBI governor has claimed that the bank is looking to change its business profile, expand network in northern India and hire senior people on contractual basis at high remuneration which could land it into problems. The bank returned to profits two years ago after posting losses for five years, the AIBEA noted in the letter. Few years ago, particularly around 2008 to 2012, this bank was facing a lot of problems regarding its performance and was making losses. It made losses of more than Rs 850 crore during that period, the AIBEA said in the letter to Das. In the name of modernising the bank, the then top management of the bank brought it to serious problems and virtual mess. With the intervention of the RBI, change in top management, strengthening its capital b

Bank unions write to Maharashtra CM on concerns over staff safety

The United Forum of Bank Unions (UFBU) on Thursday wrote to Maharashtra Chief Minister Uddhav Thackeray raising concerns over threats and physical assault against bank officials in the state. In the letter, the unions said employees of IDBI Bank were recently manhandled in Nashik and Malkapur in Buldhana district and requested the chief minister to take immediate action. "It is observed that at various places, so-called social and political workers are threatening, abusing and manhandling bank officials so as to pressurise them for sanctioning and disbursement of loans otherwise than on merits," the Forum wrote in the letter. The unions urged the chief minister to issue advisory to police authorities to take serious note of such incidents and to take immediate action to prevent such instances in future. Employees and officers of all the banks are already working under pressure because of the COVID-19 pandemic. Additionally, they are also burdened with sanction and disbursement of c

Covid-19 deaths: Bank unions seek compensation for contractual staff

Those on contract are not being covered either by any medical insurance or reimbursement scheme for their treatment when they get infected nor by any financial compensation

Union calls for strike against 100% attendance rule in bank branches in TN

Employees' body says state govt has extended lockdown till August 31 and there is no public transport; branches are also not so large as to facilitate social distancing

Let bank employees use local train services to commute in Mumbai: Unions

Western Railway and Central Railway are running selected suburban train services only for essential services as identified by the state government

IBA to discuss the issue of giving a moratorium to NBFCs on Saturday

A senior executive of a public sector bank said the IBA's management committee meeting would discuss the issue of giving a moratorium to finance firms.

Bank unions oppose mega bank merger, to go on strike on March 27

Venkatachalam alleged that govt's decision to merge 10 banks would lead to the closure of six banks - Andhra Bank, Allahabad Bank, Corporation Bank, Oriental Bank of Commerce, Syndicate Bank and Unite

IBA, United Forum of Bank Unions to meet on Saturday to close wage pact

The talks come just ahead of the mergers of four sets of state-run banks, effective from April 1

Bank union strike: Gujarat HC issues notice to RBI over trade body PIL

The PIL said such strikes by bank unions are illegal and are meant only for their own financial benefits at the cost of the public who have to suffer harassment and financial loss.

Bharat Bandh: Trade union activists block roads, railway tracks in Bengal

Heavy police deployment was seen in several areas of the city, including in Tollygunge, Behala, Esplanade and Jadavpur

Bank employees' strike to impact clearance of cheques worth Rs 21,500 crore

In the Clearing Grids, about 28 lakh cheques worth about Rs 21,500 crore will not be cleared due to the strike