Banks strike
The United Forum of Bank Unions (UFBU) has said that its two -day nationwide strike on 24 and 25 March will take place as per the pre -determined schedule. The UFBU said that there was no positive result in the talks with the Indian Bank Union (IBI) on the major demands of the employee organization. In the meeting with the IBA, UFBU members raised several issues including recruitment in all cadres and five -day work week. National Confederation of Bank Employees (NCBE) general secretary L Chandrashekhar said that despite the meeting, major issues are unresolved. UFBU, the integrated body of nine bank employees unions, had earlier announced the strike on these demands.
These are also demands
The UFBU has demanded immediate withdrawal of recent instructions from the Department of Financial Services (DFS) on incentives associated with performance reviews and performance, which threatens job security and create divisions among employees. The UFBU alleged that the micro management of the PSB on policy matters by the Financial Services Department has weakened the autonomy of the respective boards. It also amended the resolution of pending issues pending with the Indian Banks Association and amending the Gratuity Act and also demanded to increase the boundary on the lines of the scheme to Rs 25 lakh and give exemption from income tax.
Who are included in UFBU
Members of the UFBU include All India Bank Employees Union (AIBEA), All India Bank Officer Federation (AIBOC), National Bank Employees Confederation (NCBE), All India Bank Officers Association (AIBOA) and Indian Bank Employees Confederation (BEFI). Earlier, AIBOC threatened to go on a two-day nationwide strike on February 24-25, 2025.
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