Posts Tagged ‘AIBEA’

Two day strike Banking ops partially affected due to trade union strike


Two day strike Banking ops partially affected due to trade union strike

Banking operations Tuesday have been affected in some parts of the country as a section of employees refrained from work in support of the two-day strike call given by 10 central trade unions to protest against alleged anti-labour policies of the government.

All India Bank Employees’ Association (AIBEA) and Bank Employees’ Federation of India (BEFI) have supported the strike, which has impacted banking operation where these two unions are strong.

However, the operation in SBI and private sector banks remained unaffected as other seven unions in the banking sector are not part of the strike.

Many public sector banks have already informed their customers about likely impact on services if strike materialises.

“If the strike materialises, a section of the bank’s employees may take part in the proposed strike on the said dates, in which case, the normal functioning of the branches/offices of the bank may get affected,” Indian Bank said in a statement.

A two-day strike on January 8 and 9 has been called by the central trade unions against the alleged repressive policies for workers adopted by the government.

Source: PTINews

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Be the first to comment - What do you think?  Posted by admin - January 8, 2019 at 12:23 pm

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Bank Wage Revision – Discussions with IBA on 14.11.2017





Dear Comrades,


One more round of discussions took place between IBA and our Workmen Unions yesterday i.e.14.11.2017 in IBA Office ain Mumbai.

IBA’s Sub-Committee was represented by Mr. Rakesh Sharma (MD, Canara Bank and Chairman of the Sub-Committee), Mr. V.G. Kannan(Chief Executive, IBA), Mr. B. Raj Kumar(Dy. Chief Executive, IBA), Mr. M.K Gupta(GM, Bank of India), Mr. Punit Jain(GM, PNB), Mr. T.S Seshadri(GM, Indian Bank), Mr. S.K Kakkar(Sr. Advisor, HR&IR, IBA) and Mr. K.S Chauhan(Advisor, IBA).

Our team was represented by Com. C.H. Venkatachalam and Com. B.S. Rambabu(AIBEA), Com. S.K Bandlish and Com. Vinil Saxena(NCBE), Com. Pradip Biswas(BEFI), Com. Subhash Sawant(INBEF) and Com. Upendrakumar(NOBW),

During the meeting, the following issues discussed in the meeting held on 3.11.2017 in the Sub-Group on demands relating to Disciplinary Action and Procedure were informed and further discussion took place.

i. For claiming travelling expenses for defending an employee in the departmental action, existing restrictions of ‘within the state’ be removed.

ii. Subsistence Allowance to be improved upon.

iii. Indiscriminate usage of Clause 5(j) to be stopped through proper guidelines / definition.

iv. Clarification with regard to provision of Clause 6(e) i.e. bringing down by two stages in the scale of pay and applicability of the same to employees who have already reached maximum in the scale of pay.

v. Clarification to be given that minor misconducts clearly enumerated under Clause 7 of BPS dated 10.04.2002 should not be brought as major misconducted under Clause 5.

vi. Multiple charges for one incident should not be made out.

vii. Punishment order by the Disciplinary Authority not to be implemented till the final disposal of Appeal by the Appellate Authority.

viii. Issuance of charge sheet under Pension Regulation to Award Staff after retirement to be stopped since it is not provided in Bipartite Settlement.

ix. Awarding the punishment of stoppage of increments should be without affecting superannuation benefits, as in the case of Officers.

x. Provision for appeal against suspension.

xi. In case of punishment of dismissals, a provision for Review Authority after Appellate Authority.

xii. Deletion of Fine as a punishment.

It was decided that the conclusions on the discussion on these issues would be finalised in the next meeting.

Thereafter, the following issues were taken up for discussions:

– Simplified formula for calculation of overtime wages. Unions submitted their views and the issue would be discussed further.

– On the issue of introduction of Leave Bank providing for voluntary contribution of leave by the employees to a common pool and utilisation of the same for sanctioning leave to those employees who suffer from major diseases and prolonged illness and have not leave to their credit, Unions submitted their Note containing their views and explained their proposal. It was decided to discuss the issue further.

– On our demands like Child Care Leave for women employees, Sabbatical Leave, Study Leave, etc., it was agreed that Unions would submit a Note for further discussion.

We pointed out that considerable time has elapsed since commencement of the discussions in May, 2017 on our Charter of Demands, but so far IBA has not come forward with their offer on wage increase and hence demanded that the next meeting of the Full Negotiating Committee should be fixed up at the very earliest for this purpose.

With greetings,


C.H. Venkatachalam/AIBEA


S.K. Bandlish /NCBE


Pradip Biswas/BEFI


Subhash S.Sawant/INBEF




Be the first to comment - What do you think?  Posted by admin - November 19, 2017 at 1:54 pm

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AIBEA: Government Issues Notification On Associate Banks Merger


CIRCULAR No. 28/5/2017/5


Dear Comrades,

Government issues Gazette Notification
On closure of Associate Banks and
Merger with SBI w.e.f. 1st April, 2017.
Protecting our members in the Associate Banks – need of the hour
Clarion call from AIBEA’s All India SBI Emp. Association

Our units and members are aware of our prolonged and principled opposition to the process of consolidation and merger of Associate Banks with SBI. There have been innumerable struggles and strike actions on this issue in the last more than a decade. Especially, when there were attempts to close the remaining 5 Associate Banks for merger with SBI, there have been very intensified agitations and progrmames. Our units and members in the Associate Banks have also led many struggles including number of strike actions.

There have been nationwide campaign on this issue because the move to close down the Associate Banks was totally unwarranted, rather there was a genuine need to delink these Banks from SBI and make them autonomous. For a long time, these Banks have been subjugated to the total whims of SBI and hence the real growth of the Associate Banks was in fact thwarted. Many Banks which were smaller in size than these Associate Bank have grown much bigger now. But our demand for delinking Associate Banks from SBI was deliberately ignored and played down by the successive Governments.

However, in the name of Banking sector reforms, privatisation and consolidation have continued to be their agenda and as a part of it, the Associate Banks have been their target. Making SBI a global player has been their fanciful idea notwithstanding the fact that it is neither prudent nor required for Indian situation. Ignoring all our viewpoints, opposition of various political parties, etc. the Government has gone ahead with their decision and after giving final Cabinet clearance few days ago, have now notified the merger with SBI w.e.f. 1st April, 2017.

With this development and reality, the need has now arisen to take all efforts to protect the interests of our membership in the Associate Banks. AIBEA’s union in SBI: Our units are aware that already we have our union in SBI viz. ALL INDIA STATE BANK OF INDIA EMPLOYEES ASSOCIATION.

It has been decided that all our units and members in SBT, SBM, SBBJ, SBH and SBP will be affiliated to this union and thus we will have a stronger AISBIEA with nearly 50,000 members all over the country under the banner of AIBEA. It will be the biggest bankwise Union under the banner of AIBEA.

AISBIEA is shortly meeting to decide on all further steps to consolidate our organisation in the changed scenario after the merger with SBI and to take all steps to protect the interests of our members in the Associate Banks so that no injustice will be done to our members in any manner consequent to the merger.

With greetings,
Yours comradely,


Be the first to comment - What do you think?  Posted by admin - February 27, 2017 at 11:56 am

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Section of bank employees threaten nation-wide strike on Feb 7

Section of bank employees threaten nation-wide strike on Feb 7

New Delhi: A section of bank trade unions have threatened to go on a day-long nation-wide strike on February 7 to press various demands including complete removal of restrictions imposed during demonetisation period and safeguarding the autonomy of the Reserve Bank of India.

“It was expected that the government and the RBI would take necessary steps to mitigate the problems faced by the banks and the public but even now, we find that there is acute shortage of cash supply to the banks with the result that branches are not able to honour even the restricted payment of Rs 24,000/100,000 per week,” AIBEA General Secretary C H Venkatachalam said.

Apart from All India Bank Employees’ Association( AIBEA), other unions which will be part of the strike are All India Bank Officers’ Association (AIBOA) and Bank Employees Federation of India.

Unions are also demanding publishing names of individuals who have defaulted in paying loans of Rs 1 crore and above so that stringent measures could be taken to recover bad loans.

Other demands of banks include ensuring autonomy of RBI in cash management, compensation to family of general public, bank customers and bank staff who lost their lives in the demonetisation aftermath and payment of overtime to employees and officers for their additional effort during the 50-day demonetisation period.

He added that the government is interfering by appointing officials to monitor cash management which is affecting the autonomy of RBI. Cash management falls under the sole jurisdiction of RBI, he said.

“Humiliated” by the events since demonetisation, even RBI employees had written to Governor Urjit Patel protesting the operational “mismanagement” of the note ban exercise and the government impinging the apex bank’s autonomy.

In a letter, the employees said that the autonomy and image of RBI has been “dented beyond repair” due to mismanagement and termed the appointment of a senior Finance Ministry official for currency coordination as a “blatant encroachment” of the RBI’s exclusive turf.


Be the first to comment - What do you think?  Posted by admin - January 20, 2017 at 3:44 pm

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AIBOA Strike on 12th and 13th July 2016

AIBOA  Strike on 12th and 13th July 2016

Singapor Plaza, 164, Linghi Chetty Street, Chennai-600 001
A.K.Nayak Bhavan, 14, 2nd Line Beach, Chennai-600 001


16th June, 2016

Dear Comrades,

AIBEA-AIBOA decide to plunge into immediate action to oppose attempts to denigrate Public Sector Banks and to protest against proposed merger and consolidation of Banks with a view to divert the people’s attention from the Himalayan bad loans in Banks .

12th July, 2016 – All India Strike in 5 Associate Banks

13th July, 2016 – All India Strike in ALL BANKS

All our units and members are aware of the increasing attacks being heaped on the public sector banks and the challenges faced by the PSBs.

In the name of banking sector reforms, the attempt is to privatise the Banks and hand them over to the private corporates to enable them to further loot the precious savings of the people.

The attempt is to consolidate the Banks to make them bigger with a view to globalize them instead of expanding the Banks and reach the common people within our country.

Already our Banks are bleeding due to alarming increase in bad loans, thanks to the deliberate default by the corporates and big business enterprises. Instead of taking tough measures to book the culprits and recover the loans, efforts are taken to hand over the banks to very same defaulters.

It is very clear that all their talks of banking reforms and proposals of merger and consolidation are only a ploy and game plan to divert the attention of the people from the massive bad loans in the Banks.

Our country needs strong public sector banks and not necessarily big banks or global-sized banks. Our country needs banking expansion and not consolidation of banks and shrinkage of banking services to people.

The focus should be the alarming increase in bad loans to the tune of about R. 13 lac crores. The efforts should be to recover the money by taking stringent measures and not hush it up through provisions, write-offs, CDRs and SDRs.

If the loans have been sanctioned wrongly, action should be taken on the concerned Executives. If the borrower has cheated the Banks, criminal action should be taken against the defaulter.

Providing for the bad loans, clean-up of Balance Sheet and making the Banks to incur the losses is not the solution to the problem. It is obvious, all these are only diversionary tactics to escape from the accountability for the huge bad loans.

Kingfisher Mallya is only the tip of the iceberg. There are many more sharks in the ocean of bad loans in the Banks. Why the list of defaulters is not being published by them? Why criminal action is not taken on the willful corporate defaulters? Why all velvet treatment to them? Why the attempt to convert the bad loans as equity investment in these defaulter companies? Is it the corporate governance and good governance policy of the Government ?

In IDBI Bank, 10 years ago, about Rs.9000 crores of bad loans were taken out of their books. Now another Rs. 19,000 crores is the bad loan. Instead taking action to recover these bad loans, the Government wants to privatise and sell the Bank to the very same private sector which is responsible for these huge loan default in IDBI Bank.

Hence AIBEA and AIBOA have decided to plunge into immediate action to oppose attempts to denigrate Public Sector Banks and protest against proposed merger and consolidation of Banks with a view to divert the people’s attention from the Himalayan bad loans in Banks.


20th June Demonstrations in all centres all over the country
30th June Dharna in all State Capitals
12th July All India Strike in the 5 Associate Banks
13th July All India Strike in all the Banks

Comrades, while we are proud that we fought and achieved nationalisation of Banks, it is equally our duty to fight against the attacks on public sector banks. People’s money cannot be allowed to be looted like this. Public Sector Banks should be saved. They are nation building institutions. They must remain so.

It is time to move, time to fight. We exhort all our units and members to carry out the programme successfully and make the strikes a total success.

With greetings,
Yours comradely,


Source :

Be the first to comment - What do you think?  Posted by admin - June 18, 2016 at 10:05 pm

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Central Office: “PRABHAT NIVAS” Regn. No.2037
Singapore Plaza, 164, Linghi Chetty Street, Chennai-600001
Phone: 2535 1522, Fax: 4500 2191, 2535 8853 Web:
e mail ~ &

CIRCULAR No.27/157/2016/15

15th April, 2016


Dear Comrades,

We reproduce herein the UFBU Circular No. 55 dt. 15-4-2016 on the details of discussions held with IBA on 13-4-2016 and the UFBU meeting held thereafter.

With greetings,

Yours comradely,

In response to our letter to the IBA seeking discussions on follow-up actions on some of the issues raised by us, IBA had fixed up a meeting with UFBU on 13th April, 2016 and accordingly the meeting was held in IBA’s Office asscheduled. IBA was represented by Mr. M V Tanksale, Chief Executive, Mr. K.Unnikrishnan, Dy. Chief Executive, Mr. Visweshwar, Senior Advisor, Mr. K S
Chauhan, Senior Vice-President – HR & IR and other officials of the HR-IR Department. UFBU was represented by representatives of all the 9 constituents.

a) Difficulties faced by employees/officers in implementation of Medical Insurance Scheme:

We pointed out the following:
i. While the Scheme covers reimbursement of Rs. 3 lacs and Rs. 4 Lacs for clerks/substaff and officers respectively plus additional coverage from Corporate Buffer, some of the managements are maintaining that the coverage is only restricted upto Rs. 3 lacs and R. 4 lacs. The correct position should be suitably clarified to all the Banks and in turn by all Banks to the employees at large.

ii. An important advantage of the Scheme is the Cashless facility available for treatment in hospitals. But instances are coming to our attention that in many centres, many hospitals are not covered by tie-up and hence  employees are asked to pay for the treatment and then seek reimbursement. IBA and Banks should take up with the TPAs to ensure that maximum hospitals are covered by tie-up so that employees are not put to difficulties to avail cashless treatment facility.

iii. The Settlement and the Scheme clearly provide that employees would submit the Bills to the Banks as in the past and the Bank should submit the Bills to the TPA to get the reimbursement. But some of the managements are asking the employees to submit the Bills directly to the TPA. This should be stopped and suitable instructions should be given.

iv. There are instances of death occurring during treatment in hospital and if it happens to be Sunday or holiday, the hospital/TPA do not come to the rescue and the family is facing problems in getting the body of the patient in time. Such things should not be allowed to happen.

v. Instances have also come to our attention where certain treatments like Dialysis, etc. are disallowed by the TPA though covered by the Scheme and the employees are forced to pay the cost to the hospital. Hence our scheme should be properly implemented by the TPAs and employees should not be put into such hardship.

vi. In the case of Bills submitted to the Banks for domiciliary treatment, there are many complaints of undue delay by the TPAs and managements are not taking steps to liaise with them to expedite the claims. Special attention is required in this regard and necessary steps are to be taken.

vii. Though Corporate Buffer facility is available for claims over Rs. 3 lacs/Rs.4 lacs, many Banks are yet to issue guidelines for utilisation/claims under the buffer limit. This defeats the very purpose of the facility. IBA should advice all the Banks to issue proper instructions on utilisation of the corporate buffer amount.

Though the Settlement and the Scheme provides for reimbursement of domiciliary treatment for the retirees, this has been denied by UIIC in violation of the scheme and IBA should ensure its implementation. Otherwise UFBU will be constrained to agitate on this issue.

In response, IBA informed us as under:  By and large, the Scheme is working well.

  • 37 Banks are covered by the Scheme relating to serving employees
  • 6,50,000 employees/officers are covered by the Scheme.
  • Total premium of Rs. 379 crores has been paid for this year.
  • During the current policy year i.e. from October, 2015, upto March, 2016, total of 1,02,603 claims for Rs. 168 crores have been settled and paid.
  • So far 35 Banks have joined the scheme under retirees’ policy
  • 2.05 retirees are covered by the scheme now
  • Total premium of Rs. 123 crores has been paid
  • Upto March, 2016, 7,069 claims for Rs. 45.50 crores have been paid.

On the problems brought to their attention as mentioned above, IBA informed that they will take up all these issues with the UIIC/TPAs and also with all the Banks to ensure smooth implementation of the Scheme. Regarding coverage of domiciliary treatment under the scheme for the retirees, IBA informed us that they are fully seized of the issue and have taken up the matter with the top officials of UIIC and are awaiting a positive outcome and resolution of the issue.

b) Next Wage Revision for employees/officers: IBA informed that in view of the Government guidelines, they would take up this issue, after the Balance Sheets of the Banks for the year ended 31-3-2016 are finalised.

c) Follow up of pension related issues as covered by Record Note dated 25-5-2015:
i. Revision in rate and quantum of Family Pension: IBA reiterated their standpoint that they are positively inclined to consider this demand by revising the rates and quantum of Family Pension.
IBA, however, pointed out that unless the exact additional outgo is worked out and additional corpus required for the same is ascertained based on actuarial calculations, it would not be possible for them to commit anything at this stage. It was further informed by them that the details have been called for from the Banks for this purpose. We asked IBA to expedite the collection of the details so that the actuarial calculation exercise can be undertaken and expedited to take this issue forward.

ii. Periodical updation of Pension: We took up the demand of periodical updation/revision of pension along with every wage revision settlement. IBA informed that this was a major issue and huge additional corpus fund has to be provided for meeting this demand which is not feasible in the present circumstances when the financial condition of the Banks are not good. We insisted that this issue cannot be left like this and a way has to be found out to resolve the matter amicably. We suggested that pending the exercise of ascertaining the cost, some adhoc increase in existing pension of the retirees can be considered and requested IBA to examine the same. IBA replied that any revision in pension amount would have cost implications and hence cannot react on our suggestion without proper working out.

iii. Uniform DA formula for Pre-Nov. 2002 Retirees: To this demand, IBA informed us that firstly, the issue is subjudice to be discussed as court cases are involved in the mater and secondly, the cost impact is to be worked out and if at all any consideration can be given, it can only be on a prospective basis.

Thereafter, UFBU meeting was held under the Presidentship of Com K K Nair, Chairman of UFBU.

The meeting took a review of the developments taking place in the banking sector on account of the various policy decisions of the Government like appointment of Banks Board Bureau, appointment of private sector Executives to head PSBs, proposals of consolidation and mergers, reduction in Government’s capital in PSBs, selective capitalisation of Banks, encouragement to private sector banking, allowing Small Banks and Payments to private corporates, privatisatioin of IDBI Bank, increasing bad loans in the Banks and concessions being given to defaulters, huge provisions towards NPAs and showing PSBs in poor light, privatisation of RRBs, etc.

The meeting unanimously felt that these are anti-public sector banking measures to suit their agenda of privatisation of Banks and hence will have to be resisted and fought back. It was decided that agitational programmes are to be undertaken to campaign amongst the people and to convey our opposition to these moves.

To begin with, it has been decided that the ensuing May Day on 1st May, 2016 should be observed as Anti-Bank Privatisation Day through posters, meetings, rallies, processions, etc. under the common banner of UFBU at all centres. It was also decided to address a letter to the Finance Minister drawing his attention to our viewpoints on these measures and urging upon him not to proceed with the same.

Further programmes including strike actions will be decided in due course.


In the recent Trade Union Convention held on 30th March, 2016 by the Central Trade Unions, the call has been given to observe National General Strike on 2nd September, 2016 against the continued anti-labour policies of the Central Government and their proposals of anti-worker labour reforms. The meeting took note of this strike call. It was decided to discuss the matter further in the next meeting of the UFBU.

NEXT MEETING OF UFBU ON 11th May, 2016: It has been decided to hold the next meeting of the UFBU at Hyderabad on 11th May, 2016 to chalk out further agitational programmes.

With greetings,



Be the first to comment - What do you think?  Posted by admin - May 3, 2016 at 1:59 pm

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DA for Bank Employees – 6 Slabs less from May, 2016

DA for Bank Employees – 6 Slabs less from May, 2016

Dearness Allowance – 6 Slabs less from May, 2016

AIBEA published a circular regarding Dearness Allowance after the announcement of CPI(IW) index for the month of March 2016 made by Labour Bureau.

Dearness Allowance – 6 Slabs less from May, 2016

CPI Month 2001 1960 Consumer Price Index D.A. Slabs
Jan-16 269 6140.17 Average Points 6117.34 New Slabs 420
Feb-16 267 6094.52 Last Average 6144.00 Old Slabs 426
Mar-16 268 6117.34 Decrease 26.66 Decrease 6

D.A. Rates @ 0.10% per slab for 420 Slabs over 4440 points for all cadre/stages: 42.00%
Note: D.A. and Increase shown here includes Basic Pay and Special Allowance

D.A. Rates for Pensioners (%) – No change


Be the first to comment - What do you think?  Posted by admin - at 1:54 pm

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AIBEA Meeting with Finance Minister

AIBEA’s Meeting with the Finance Minister on 26.4.2016

Central Office: “PRABHAT NIVAS” Regn. No.2037
Singapore Plaza, 164, Linghi Chetty Street, Chennai-600001
Phone: 2535 1522 Fax: 4500 2191, 2535 8853
e mail ~ &

CIRCULAR LETTER No. 27/191/2016/24



Dear Comrades,
Violation of Bilateral agreement, unilateral changes in service conditions and refusal to concede genuine demands of employees in Associate Banks at the instance of SBI Management.

Units are aware of the problems in the Associate Banks where the managements are imposing unilateral service conditions on the employees in violation of the Bipartite Settlement and even genuine demands like extension of Govt. guidelines on compassionate ground appointment scheme and revision in staff housing loan limits are being deliberately denied with a view to browbeat and black mail the employees to accept their Career progression Scheme notwithstanding the fact that AIBEA/SSBEA have offered to discuss, negotiate the settlement the entire issue through mutual discussions.

That is why we had to observe All India Strike on 8th January, 2016 to focus these issues. It is matter of pride that the entire employees have rejected the deceitful offer of additional monetary benefits in exchange of adverse changes in service conditions.

On 23-3-2016, AIBEA delegation, along with leaders of SSBEA, met the Finance Minister and urged upon him to intervene and resolve the issues. In our General Council, a resolution has been adopted calling upon the managements of SBI and Associate Banks to negotiate and settle the issues. Again, as a follow-up measure, AIBEA met the Finance Minister and Minister of State for Finance on 26-4-2016 and again requested them to intervene in the matter.

We have submitted a letter in person to them seeking expeditious resolution of our issues and demands. If still results are not forthcoming, General Council has decided that further struggles will have to be undertaken.

With greetings,

Yours Comradely,

PTO: AIBEA’s letter to Finance Minister

Central Office: “PRABHAT NIVAS” Regn. No.2037
Singapore Plaza, 164, Linghi Chetty Street, Chennai-600001
Phone: 2535 1522 Fax: 4500 2191, 2535 8853
e mail ~ &

26th April, 2016

Shri Arun Jaitley,
Hon’ble Union Minister for Finance,
Government of India,
New Delhi.

Respected Sir,

Issues in Associate Banks of SBI:
We draw your kind attention to the memorandum submitted by us on 23.3.2016 when we met you in a delegation regarding the followin problems faced by our unions and employees in the Associate Banks.
1. Non extension of compassionate ground appointment scheme in the 5 Associate Banks as per the Government guidelines. All other banks have adopted and implemented the Govt. guidelines

2. Improvement/enhancement in the staff housing loan limit in the 5 Associate Banks while in all other banks the limit has been increased and even within the Associate Banks, the officers’ housing loan limit has been improved thus discriminating the employees.

3. Unilateral imposition and implementation of career progression policy/service conditions in the Associate Banks in violation of the existing bipartite agreement while we have clearly expressed our desire to resolve the issues by mutual discussion and bilateral talks.

4. Making Associate Banks independent to enable them to become more viable, vibrant and strong Banks.

Sir, you had given a patient hearing of these issues and assured to advice the concerned authorities to look into these matters for proper reddressal.

We once again seek your kind intervention in these matters so that the problems are resolved amicably.

Thanking you,

Yours faithfully,


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PSU bank staff to go on two-day strike from Feb 20

PSU bank staff to go on two-day strike from Feb 20

Normal banking operations may be hit as employees unions of public sector banks have decided to join the two-day strike call given by central trade unions beginning February 20 to press for wage hike in the backdrop of rising inflation.

The nation-wide strike call has been given by United Forum of Bank Unions (UFBU) consisting of nine national level unions including AIBEA, NCBE, BEFI, INBEF, NOBW and AIBOC in support of their demand.

Apprehending disruption in their normal banking operation, many banks have already informed their customers about the proposed strike.

“A section of the bank’s employees may participate in the proposed strike on the said date, if the strike materializes. In view of the above, it is likely that the normal functioning of the bank branches and offices may get affected,” Corporation Bank said in a statement.

Delhi State Bank Employees Federation said, clearing function of RBI will be affected and other banking operations.

Meanwhile, sources said, banks would be taking steps to ensure that public do not face problem at least on the cash front during the strike period.

Banks would be feeding additional cash in ATMs to take care of cash needs of their customers.

Bank unions are also opposing banking sector reforms and any plan for merger of banks.

The bank strike is part of general strike call given by all 11 central trade unions including Indian National Trade Union Congress (INTUC), All India Trade Union Congress (AITUC), Bharatiya Mazdoor Sangh (BMS), Centre of Indian Trade Unions (CITU) and All India United Trade Union Centre (AIUTUC).

Source: DDI News

Be the first to comment - What do you think?  Posted by admin - February 19, 2013 at 4:22 pm

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