Mar 14, 2025 01:22 PM IST
The unions demanded a five-day workweek and recruitement in all cadres.
The Union Discussion board of Financial institution Union (UFBU) has determined to go forward with its plans for a nationwide strike on March 24 and March 25. Saying its determination on Thursday, UFBU stated it has been taken as discussions with the Indian Banks’ Affiliation (IBA) have didn’t yeild optimistic outcomes.
The unions have additionally sought the withdrawal of latest directives from the Division of Monetary Companies (DFS) concerning efficiency critiques.(Consultant picture/Pixabay)
The calls for put forth by the unions embody a workweek which lasts for 5 days, recruitement in all cadres and filling up workmen and officer director posts in public sector banks.
Additionally learn: Ola Electrical deliveries delayed over value renegotiation with automobile registration businesses: Report
The important thing points stay unresolved regardless of discussions with the IBA, Nationwide Confederation of Financial institution Workers (NCBE) Basic Secretary L Chandrasekhar stated, in line with PTI.
UFBU, which is an umbrella physique of 9 financial institution staff’ unions, has additionally sought the withdrawal of a latest directive of Ministry of Finance’s Division of Monetary Companies. This directive involved efficiency critiques and performance-linked incentives. The union claimed that such measures threaten job safety of financial institution staff.
Additionally learn: DOGE lease cancellations: The whole checklist of US federal places of work which might shut this yr and when
The physique has additionally opposed what it calls “micro-management” of public sector banks by the Division of Monetary Companies. It alleged that interventions by the division undermine the autonomy of financial institution boards.
UFBU’s different calls for embody the modification of the Gratuity Act to boost the ceiling to ₹25 lakh, aligning it with the scheme for presidency staff and searching for exemption from earnings tax. UFBU’s calls for additionally embody decision of residual points with the IBA.
Additionally learn: City Firm affords ‘Insta Maids’ for home assist service
The physique had earlier introduced the strike to press for these calls for which included filling up the workmen and officer director posts in public sector banks.
The UFBU includes main financial institution unions, together with the All India Financial institution Workers Affiliation (AIBEA), All India Financial institution Officers’ Confederation (AIBOC), Nationwide Confederation of Financial institution Workers (NCBE), and All India Financial institution Officers’ Affiliation (AIBOA).
Advisable Matters Information / Enterprise / Financial institution unions to go on with plans for nationwide strike on March 24-25 as talks with IBA fail
See Much less