Bank unions have deferred their planned three-day nationwide strike after the Indian Banks’ Association assured them of discussions on key demands, including a five-day work week. A joint committee will be formed to deliberate on declaring remaining Saturdays as holidays, while other pending issues will also be addressed. With the strike postponed, banks will remain open on Monday.
The strike call given by United Forum of Bank Unions (UFBU), an umbrella organisation of 9 bank employees association, also pitches for filling up the post of workmen/officer directors in public sector banks
Suryapet: As part of the two-day strike called by the United Forum of Bank Unions, bank employees on Thursday boycotted their duties in the district demanding the Centre withdraw its plan to privatize the public sector banks. The bank employees took out a bike rally in the town by displaying placards on their demand. Speaking […]
Hyderabad: Public Sector Banks (PSBs) will go on strike on December 16 and 17 protesting against the Union government’s move to privatise PSBs. The United Forum of Bank Unions (UFBU), an umbrella organisation of nine employee unions and associations in the banking industry, has given the call for the two-day strike. UFBU is opposed to […]
Overwhelming majority of the bank branches remain closed and shutters are down, said C.H. Venkatachalam, General Secretary, All India Employees' Association (AIBEA).
The government has already privatised IDBI Bank by selling its majority stake in the lender to LIC in 2019 and merged 14 public sector banks in the last four years
