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Bank Unions go Ahead With Strike, Services Suffer

Unions are also opposed to the proposed labour reforms of the government and outsourcing of permanent jobs in the banking sector. Some of the demands include compensation of employees and officers for extra hours they put in following demonetisation in November and early initiation of next wage revision.

Press Trust Of India

Updated:February 28, 2017, 12:03 PM IST
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Bank Unions go Ahead With Strike, Services Suffer
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New Delhi: Branches of public banks remained either closed or non-operational on Tuesday as staffers and officers went ahead with their day-long strike pressing for various demands, including accountability of top executives in the wake of mounting bad loans.

Services like cash deposits and withdrawal from branches and cheque clearances have been hit hard by the strike, which has been called under the aegis of the United Forum of Bank Unions (UFBU).

"The strike has been forced on us because of adamant and insensitive attitude of the bank management and IBA. They even did not bother to talk on providing compensation for extra hours put in by bank staff during the demonetisation period," All India Bank Employees Association (AIBEA) General Secretary C H Venkatachalam told PTI.


The UFBU is an umbrella body of 9 unions, but two of Bharatiya Mazdoor Sangh affiliates -- the National Organisation of Bank Workers and the National Organisation of Bank Officers -- are not part of the stir.

Unions are also opposed to the proposed labour reforms of the government and outsourcing of permanent jobs in the banking sector. Some of the demands include compensation of employees and officers for extra hours they put in following demonetisation in November and early initiation of next wage revision.

They have also demanded adequate recruitment in all cadres, stringent measures to recover bad loans and accountability of top executives. Besides, they have pitched for criminal action against wilful defaulters. The UFBU, which claims membership of nearly 10 lakh across banks, also requested the government for cost reimbursement of demonetisation to banks. As many as 27 public sector banks control 75 per cent of the total business.
(Get detailed and live results of each and every seat in the Lok Sabha elections and state Assembly elections in Andhra Pradesh, Odisha, Arunachal Pradesh and Sikkim to know which candidate/party is leading or trailing and to know who has won and who has lost and by what margin. Our one-of-its-kind Election Analytics Centre lets you don a psephologist’s hat and turn into an election expert. Know interesting facts and trivia about the elections and see our informative graphics. Elections = News18)
| Edited by: Nakshab Khan
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