Bank strike to hit normal banking operations today

Operations at state-owned banks will be impacted tomorrow as most unions under the aegis of UFBU will go on strike to press for various demands including those related to wages.
Bank strike to hit normal banking operations today

Operations at state-owned banks will be impacted tomorrow as most unions under the aegis of UFBU will go on strike to press for various demands including those related to wages.

However, the functioning of private banks like ICICI, HDFC, Axis and Kotak Mahindra is expected to be normal except for delays in cheque clearance.

Most of the banks, including SBI, PNB and BoB, have already informed their customers that functioning of branches and offices will be impacted if the strike takes off.

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

"Strike is on as there has not been serious effort from the bank management especially Indian Banks' Association (IBA) to defer it by accepting some of our demands," All India Bank Officers' Confederation (AIBOC) General Secretary Harvinder Singh told PTI.

According to All India Bank Employees' Association (AIBEA) General Secretary C H Venkatachalam, Chief Labour Commissioner held a conciliation meeting between the bank management Association (IBA) on February 21 and the unions but due to the approach of the management and its not coming forward to solve any of the issues, the conciliation meeting did not yield any positive result.

Hence, he said, CLC advised IBA and Ministry of Finance to initiate the dialogue with the UFBU for amicable settlement of issues so that proposed strike is averted.

Unions are also opposed to the proposed labour reforms of the government and outsourcing of permanent jobs in the banking sector.PTI

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