Unions in banking sector threaten indefinite strike against 'merge and amalgamation'

Updated: Sep 13, 2019, 15:45 IST | mid-day online correspondent |

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

This picture has been used for representational purposes.
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."

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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.

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