About 10 lakh bank employees to go on strike on 18th December
Moneylife Digital Team 16 December 2013

Employees from over 47 banks are planning to go on strike on 18th December to protest the proposed reforms in the banking sector and immediate revision in wage settlement

Around 10 lakh bank employees and officers working in 27 public sector banks including State Bank of India (SBI) and 12 old generation private sector banks and eight foreign banks will resort to two days nationwide strike on 18th December, says United Forum of Bank Unions (UFBU).


UFBU, the umbrella organisation of five employee unions and four officer unions of state-run banks in the country, is demanding immediate wage revision settlement and protesting against the ongoing banking sector reforms.


In a statement, CH Venkatachalam, general secretary of All India Bank Employees Association (AIBEA), said BK Sanwaria, chief labour commissioner on Monday held a conciliation meeting in Delhi between the UFBU and Indian Bank's Association (IBA). "Since IBA did not agree to revise their offer, the meeting ended in a failure and hence the strike will be observed as scheduled," he said.


According to UFBU, the last wage settlement in the banking sector expired in October 2012 and hence a revised settlement was due from November 2012. However, since the last one year, the discussions have been very tardy and UFBU gave a call for strike.  On 14 December 2013, the IBA called the Unions for talks and made their offer, which was found to be too low and hence was not acceptable to the Unions and hence UFBU decided to go ahead with the strike, the statement said.


Nine unions, AIBEA, All India Bank Officers Confederation (AIBOC), National Confederation Of Bank Employees (NCBE), All India Bank Officers Association (AIBOA), Bank Employees Federation Of India (BEFI), Indian National Bank Employees Federation (INBEF), Indian National Bank Officers Congress (INBOC), National Organisation Of Bank Workers (NOBW) and National Organisation Of Bank Officers (NOBO) have given the call for strike under the UBFU umbrella.

10 years ago
yup great discrimination especially in IDBI bank significant no. of employees are in contract and they are paid like pea nuts & have to work like any thing..

10 years ago
Bank Employees are under paid.
While a probationary Clerk in Railway gets a salary of 33000/- for punching passenger details in computer, a Bank officer is getting only 26000 and Bank Clerk 16000. Considering the financial risk involved in bank job, salary should be doubled or at least brought at par with sweeper of Railways!
10 years ago
Presently the Bank employees are under paid. The salaries drawn are less than the Central Govt. employees. This due to non implementation of the Sixth Pay Commission Report in the Banking Sector. Due to this fact, the performance is being affected as compared to private sector banks. Recruitment is not satisfactory. The cream does not join the banking industry and whosoever joins leaves for greener fields in other sectors. The NPA is also getting larger day by day despite in substantial profits shown each year. The public will suffer due to the strike. IBA should be made accountable for not getting the Unions to come with amicable settlement and the public inconvenience.
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