Mar 14, 2025 01:22 PM IST
The unions demanded a five-day workweek and recruitement in all cadres.
The Union Discussion board of Financial institution Union (UFBU) has determined to go forward with its plans for a nationwide strike on March 24 and March 25. Saying its determination on Thursday, UFBU mentioned it has been taken as discussions with the Indian Banks’ Affiliation (IBA) have did not yeild constructive outcomes.
The calls for put forth by the unions embody a workweek which lasts for 5 days, recruitement in all cadres and filling up workmen and officer director posts in public sector banks.
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The important thing points stay unresolved regardless of discussions with the IBA, Nationwide Confederation of Financial institution Staff (NCBE) Basic Secretary L Chandrasekhar mentioned, in line with PTI.
UFBU, which is an umbrella physique of 9 financial institution staff’ unions, has additionally sought the withdrawal of a latest directive of Ministry of Finance’s Division of Monetary Companies. This directive involved efficiency opinions and performance-linked incentives. The union claimed that such measures threaten job safety of financial institution staff.
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The physique has additionally opposed what it calls “micro-management” of public sector banks by the Division of Monetary Companies. It alleged that interventions by the division undermine the autonomy of financial institution boards.
UFBU’s different calls for embody the modification of the Gratuity Act to lift the ceiling to ₹25 lakh, aligning it with the scheme for presidency staff and searching for exemption from earnings tax. UFBU’s calls for additionally embody decision of residual points with the IBA.
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The physique had earlier introduced the strike to press for these calls for which included filling up the workmen and officer director posts in public sector banks.
The UFBU contains main financial institution unions, together with the All India Financial institution Staff Affiliation (AIBEA), All India Financial institution Officers’ Confederation (AIBOC), Nationwide Confederation of Financial institution Staff (NCBE), and All India Financial institution Officers’ Affiliation (AIBOA).
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