NEW DELHI A union of public sector bank officers has called for a strike on Friday, demanding immediate wage revision and protesting merger of the state-owned banks.
The strike call given by the All India Bank Officers’ Confederation (AIBOC) expected to hit banking operations across the country. However, private sector banks would continue their usual business as they are not part of the strike.
Most of the banks have already informed their customers about the strike and its impact on their normal banking operation.
The United Forum of Bank Unions (UFBU), an umbrella body of the top nine bank unions, has also decided to observe a strike on December 26.
Taking into account these two days of unions’ strike and other holidays, banks would be closed for most of the extended Christmas weekend. So, most bank branches will be open only for a day between this Friday and next Wednesday. Till December 26, there are three holidays — fourth Saturday on December 22, then Sunday and then Christmas on Tuesday.
AIBOC joint general secretary Ravinder Gupta said, “We have demanded wage revision based on the minimum wages formula without linking to profits or paying capacity.”
Besides, the union has also opposed the proposed merger Bank of Baroda, Dena Bank and Vijaya Bank.
As of now many major banks have not given the mandate, few banks have given mandate to IBA for negotiating only upto Scale III officers, said Charanjit deputy general secretary Canara Bank Officers’ Association, an affiliate of AIBOC said.
Such fractured mandate will be resulting in deep cut of allocated funds meant for distributing among the various heads of pay slip components, Gupta said.
As the allocated funds would be the agreed percentage of total pay slip components of up to scale III in respect of those banks which have given mandate and not the pay slip components of the entire industry of all the cadres including workmen, he added.
10 lakh bankers to strike work on Dec 26 against mergers
With the failure of conciliation talks, about 10 lakh bankers in private and government banks will go on strike on December 26 protesting against the merger of Bank of Baroda, Dena Bank and Vijaya Bank, the All India Bank Employees Association (AIBEA) said on Thursday.
“During the conciliation meeting held in Delhi today (Thursday), the Additional Chief Labour Commissioner advised the three banks and IBA (Indian Banks Association) to hold negotiations with the unions and convey the Union’s concerns to the government,” AIBEA General Secretary C.H. Venkatachalam told IANS.
“No assurance came from either IBA or the government. Hence the conciliation talks failed and the December 26 strike stands,” Venkatachalam added.
The AIBEA is part of the nine unions in the banking sector under the umbrella body of United Forum of Bank Unions (UFBU).
According to Venkatachalam, the strike was only against the bank mergers and there was no deadlock on the wage revision talks with IBA.
India is largely unbanked or underbanked with low density of banks. Mergers will kill bank branches while the focus should be on recovering the huge outstanding loans, the AIBEA said.
With Christmas on December 25, banks would effectively be closed for two days, affecting the banking public.
Though the bankers had wanted the strike on December 24, a Monday, for a bigger impact as the banks would then be closed for four consecutive days (December 22-25), the unions decided to strike on December 26 to lessen the impact on public.
Be Part of Quality Journalism
Quality journalism takes a lot of time, money and hard work to produce and despite all the hardships we still do it. Our reporters and editors are working overtime in Kashmir and beyond to cover what you care about, break big stories, and expose injustices that can change lives. Today more people are reading Kashmir Observer than ever, but only a handful are paying while advertising revenues are falling fast.