Unions in banking sector threaten indefinite strike

13 September,2019 03:36 PM IST |   |  mid-day online correspondent

The four unions have put forth their demands in a letter to the Chairman of the Indian Banksu00c3u00a2u00c2u0080u00c2u0099 Association

This picture has been used for representational purposes.


Four Bank Unions have reportedly threatened to go on an indefinite strike from the second week of November, opposing the proposed "merger and amalgamations in the banking sector."

The four organisations -- All India Bank Officers' Confederation (AIBOC), All India Bank Officers' Association (AIBOA), Indian National Bank Officers' Congress (INBOC), National Organization Of Bank Officers (NOBO) have also threatened to go on a two-day strike from September 25 to September 27, ANI reported.

In a letter to Chairman of Indian Banks' Association, dated September 12 and undersigned by the general secretaries of the four organisations, it was stated, "In accordance with the provisions contained in sub-section (1) of Section 22 of the Industrial Dispute Act 1947, we hereby give you notice that 4 Officers' Trade Union Organizations as stated above, propose to go on continuous strike from midnight of 25th September to midnight of 27th September 2019 and indefinite strike from the second week of November 2019."

Also Read: IBPS Clerk Recruitment 2019: Exam dates, eligibility criteria, and other important details

The organisations have also said that they are taking this step to oppose the "merger and amalgamations in the banking sector."

Moreover, they have also listed out nine demands in the letter --Expeditious wage revision as per Charter of Demands, with an unconditional and clear mandate from all banks, immediate introduction of 5 day week in full, reduction of cash transaction hours and regulated working hours, halting of undue interference in the existing procedure of vigilance cases by outside agencies, under provisions of amended Sec.17(A) of Prevention of Corruption Act, 2018, settlement of issues pertaining to retirees-updation of pension as per RBI formula/revision of family pension without any ceiling, quantum and percentage; medical insurance at par with serving employees.

The other demands listed by the Unions include adequate recruitment, scrapping NPS and reintroduction of Defined Pension Payment Scheme, Reduction of service charges for customers and Stopping of harassment of Officers under specious plea of non-performance.

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates

"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!
national news
Related Stories