Bank Holidays: Banks will be Closed for Two Days Across the Country in March!
The United Forum of Bank Unions (UFBU) announced that its two-day nationwide strike will go ahead as scheduled on March 24 and 25. The decision was taken after talks with the Indian Banks Association (IBA) failed to yield any positive results. UFBU members met the IBA to discuss various issues, including demands such as recruitment to all cadres and a five-day work week.
National Confederation of Bank Employees (NCBE) general secretary L Chandrasekhar said that no solution has been found to these major issues. UFBU, an umbrella organisation of nine bank employees’ unions, has already called for a strike over these demands. This also includes demands for filling up of employee and officer director positions in government banks.
Besides, the union has also demanded withdrawal of the recent guidelines of the Department of Financial Services (DFS). It said that these guidelines pose a threat to the job security of the employees. In addition, it will have an adverse impact on the employees.The UFBU has also protested against the ‘micro-management’ of public sector banks by the DFS, saying it undermines the autonomy of bank boards. Other demands include resolution of outstanding issues with IBA, amendment in Gratuity Act and raising the limit to Rs 25 lakh. Besides, exemption from income tax has also been demanded.
UFBU includes major bank unions like All India Bank Employees Association (AIBEA), All India Bank Officers Confederation (AIBOC), National Confederation of Bank Employees (NCBE) and All India Bank Officers Association (AIBOA).
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