In the previous five days, banks have stayed closed on four days due to three holidays and a hit on Friday (December 21). With the majority of banks inclined to remain closed now as well, people perhaps further inconvenienced.
HIGHLIGHTS:-
- Bank unions are protesting against the merger of three public sector banks
- Workers of 21 public sector banks likely to engage
- They're also demanding a revision of cover
Banking services across India are most likely to be affected now (December 26) as almost 10 lakh bank employees are going to be on a day-long strike. The strike has been called by the United Forum of Bank Unions (UFBU). The union claims to get membership of almost 10 lakh bank employees and officers round 21 public sector banks.
In the previous five times, banks have stayed closed four times on account of three holidays and a strike on Friday (December 21). With most banks likely to remain closed today as well, people perhaps further inconvenienced.
Why are bank personnel protesting ??
The bank workers are protesting against the proposed merger of several public sector banks, besides demanding pay revision.
A total of nine bank unions have called given the strike call. They comprise the All India Bank Employees Association (AIBEA) and the National Organisation of Bank Workers (NOBW).
In a statement on Tuesday, NOBW vice-president Ashwani Rana said, "10 lakh bank employees and officials of the 21 public sector banks, older generation private banks and foreign banks beneath the banner of this UFBU will combine the one-day attack on December 26 against the merger of public sector banks and wage revision of bank workers"
In respect to salary, the bank unions are demanding a 25 per cent increment for all bank employees under scale 1 to 7 (rather than the IBA's offer to only those employees in lieu scale of 1 to 3) and rejection of the proposal to introduce variable pay.
You can also read: BOB-Vijiya-Dena Merger: PSU bank's name has been same, but the new logo is on the way!!
"Bank workers wage revision is due since November 1, 2017. So far the IBA (Indian Banks' Association) has offered 8 per cent wage hike which is not suitable to the United Forum of Bank Unions," Rana said.
HIGHLIGHTS:-
- Bank unions are protesting against the merger of three public sector banks
- Workers of 21 public sector banks likely to engage
- They're also demanding a revision of cover
Banking services across India are most likely to be affected now (December 26) as almost 10 lakh bank employees are going to be on a day-long strike. The strike has been called by the United Forum of Bank Unions (UFBU). The union claims to get membership of almost 10 lakh bank employees and officers round 21 public sector banks.
In the previous five times, banks have stayed closed four times on account of three holidays and a strike on Friday (December 21). With most banks likely to remain closed today as well, people perhaps further inconvenienced.
Why are bank personnel protesting ??
The bank workers are protesting against the proposed merger of several public sector banks, besides demanding pay revision.
A total of nine bank unions have called given the strike call. They comprise the All India Bank Employees Association (AIBEA) and the National Organisation of Bank Workers (NOBW).
In a statement on Tuesday, NOBW vice-president Ashwani Rana said, "10 lakh bank employees and officials of the 21 public sector banks, older generation private banks and foreign banks beneath the banner of this UFBU will combine the one-day attack on December 26 against the merger of public sector banks and wage revision of bank workers"
In respect to salary, the bank unions are demanding a 25 per cent increment for all bank employees under scale 1 to 7 (rather than the IBA's offer to only those employees in lieu scale of 1 to 3) and rejection of the proposal to introduce variable pay.
You can also read: BOB-Vijiya-Dena Merger: PSU bank's name has been same, but the new logo is on the way!!
"Bank workers wage revision is due since November 1, 2017. So far the IBA (Indian Banks' Association) has offered 8 per cent wage hike which is not suitable to the United Forum of Bank Unions," Rana said.
According to Rana, the Additional Labour Commissioner had called a conciliation meeting on December 20 to wade off the attack.
Since there was no assurance by the IBA on stopping the merger of the three banks and new offer on wage revision, the UFBU decided to go ahead with the strike on December 26," Rana said.
News bureau PTI reported the bank unions to claim that the government wants banks to grow in proportion by such mergers, but if all of the public sector banks have been bundled into a single, the consolidated entity will not find a place among the top 10 globally.
The government in September approved the amalgamation of Bank of Baroda (BoB), Vijaya Bank and Dena Bank -- the initial three-way merger in the public sector banking area.
The move follows a top lender State Bank of India annually merging five of its subsidiary banks with itself and taking over Bharatiya Mahila Bank, catapulting it to among the top 50 global lenders.
The All India Bank Officers Confederation called the December 21 strike (AIBOC). It had been aimed at emphasizing the institution's demand for a full and unconditional mandate for the XIth Bipartite wage revision talks that are based on the May 2017 charter of demands.
The bank officials rejected calls in the Indian Banks Association (IBA) for calling off their strike as they assert that there has been no"perceptible motion" in their demand, nearly 20 months after the talks stated.
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Since there was no assurance by the IBA on stopping the merger of the three banks and new offer on wage revision, the UFBU decided to go ahead with the strike on December 26," Rana said.
News bureau PTI reported the bank unions to claim that the government wants banks to grow in proportion by such mergers, but if all of the public sector banks have been bundled into a single, the consolidated entity will not find a place among the top 10 globally.
The government in September approved the amalgamation of Bank of Baroda (BoB), Vijaya Bank and Dena Bank -- the initial three-way merger in the public sector banking area.
The move follows a top lender State Bank of India annually merging five of its subsidiary banks with itself and taking over Bharatiya Mahila Bank, catapulting it to among the top 50 global lenders.
The All India Bank Officers Confederation called the December 21 strike (AIBOC). It had been aimed at emphasizing the institution's demand for a full and unconditional mandate for the XIth Bipartite wage revision talks that are based on the May 2017 charter of demands.
The bank officials rejected calls in the Indian Banks Association (IBA) for calling off their strike as they assert that there has been no"perceptible motion" in their demand, nearly 20 months after the talks stated.
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