Page 3 - Bank Unions

Public sector bank unions decide to join national strike called on Jan 8

Workers from both the organised and unorganised sector are expected to participate in this strike

Letter to BS: Revamping governance in PSBs not as simple as it looks

The position they find themselves in is a result of politically induced, management neglected, reckless lending in the last few years

Letter to BS: Negotiation between banking industry and unions is inadequate

The Indian Banks Association has been trying to link pay with performance for the last so many years

Letter to BS: Efficiency of bank unions has diminished over the decades

Bank-specific wage negotiation for each of PSB may undermine the interest of employees rather than promote the same

IBA rejects bankers' demand for five-day work week, sticks to 12% wage hike

The unions have been demanding a five-day work week since a long time

Bank unions to go on first major strike on October 22 against merger

While banking operations are expected to be hit due to the strike, many banks, including branches of SBI are likely to remain open

Trade unions of public sector banks call off two-day nationwide strike

AIBOA, the Indian National Bank Officers' Congress and the National Organisation of Bank Officers had called for a two-day strike opposing the amalgamation of banks

Bank unions to go on two-day strike from Sept 20 to protest mega merger

The government has identified four state-run banks- Punjab National Bank, Canara Bank, Union Bank of India and Allahabad Bank for the merger process

Bank unions revise demands, to seek pay rise of 20% at IBA talks

The key reason behind UBFA's revised demand from the 15 per cent earlier is that the gap between what bank employees earn when compared to those in the government's equivalent grade has widened

Unions willing to sign banks' turnaround pact, with riders

The turnaround plan for banks is being formulated by SBI Caps

Bank unions to discuss benefit curtailment plan

Bank unions will meet in Kolkata on March 24th to formulate a strategy to counter government's directions to banks seeking curtailment of employee benefits for avail capital infusion.Recently the government had sent letters to about ten banks, asking them to lay out a roadmap for revival. The letter also states that some staff benefits could be restructured on a temporary basis. The meeting has been convened by All India Bank Employee Association (AIBEA), the oldest and largest trade union of bank employees, and all major unions of ten banks are expected to attend the meeting. "We will decide on future course of action in the meeting. The root of cause of the distress in the banking sector is high amount of NPA, and employees have no role in it. On 24th, we will not only discuss the issue of employee benefit curtailment, but also NPAs. There is a huge possibility of large amount of restructured assets slipping into NPAs," said, Partha Chanda, joint secretary, AIBEA. Meanwhile banks ...