The United Forum of Bank Unions (UFBU) on Thursday (March 13, 2025) mentioned its two-day nationwide strike on March 24 and 25 can be noticed as scheduled since discussions with the Indian Banks’ Association (IBA) over key calls for didn’t yield any optimistic end result.
In a gathering with the IBA, all UFBU constituents raised points, together with recruitment in all cadres and a five-day workweek. Still, the important thing points remained unresolved, National Confederation of Bank Employees (NCBE) General Secretary L Chandrasekhar mentioned.
The UFBU, an umbrella physique of 9 financial institution staff’ associations, earlier introduced the strike to press for these calls for which included filling up the workmen and officer director posts in public sector banks.
The unions have additionally sought the withdrawal of latest directives from the Department of Financial Services (DFS) relating to efficiency evaluations and performance-linked incentives, alleging that such measures threaten job safety and create staff.
The UFBU has additional opposed what it calls “micro-management” of public sector banks by the DFS, arguing that such interventions undermine the autonomy of financial institution boards.
Other calls for embody resolving residual points with the IBA and amending the Gratuity Act to lift the ceiling to ₹25 lakh, aligning it with the scheme for presidency staff and in search of exemption from earnings tax.
The UFBU contains main financial institution unions, together with the 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).
Published – March 14, 2025 12:22 pm IST
