Over 10 lakh bank workers to be on strike today

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Mumbai, August 22: Employee unions under United Forum of Bank Unions (UFBU) have decided to go on strike Today against the government’s proposed consolidation reforms.

Over 10 lakh bank workers, representing 9 PSU bank unions will be on strike affecting services, operations at private banks like ICICI Bank, HDFC Bank, Axis Bank, but still likely to remain normal except there can be a delay in cheque clearance.

UFBU is comprised of nine unions, including All India Bank Officers’ Confederation (AIBOC), All India Bank Employees Association (AIBEA) and National Organisation of Bank Workers (NOBW).

Sanjeev Kumar Bandlish, convener, United Forum of Bank Unions (Chandigarh) and general secretary, National Confederation of Bank Employees, said on Monday over 10 lakh officers and award staff will remain on a one-day strike across the country on Tuesday to protest the government’s “anti-people” banking reforms.

The unions alleged that as the conciliation meeting before the Chief Labour Commissioner failed, workers are left with no other option but to go on strike.

Nearly 21 public sector banks control 75% of the total business, Zee Business reported.

The unions under the UFBU announced the strike after talks with the government over a proposed consolidation move across the sector were inconclusive, among other demands.

As per the PTI report, unions have four demands:

1. No write-off policy for non-performing assets (NPAs) of corporate loans
2. Declaring wilful default of loans as criminal offence
3. Implementation of the recommendations of parliamentary committee on recovery of NPAs
4. Government should abolish the Banks Board Bureau and ensure stringent measures to recover bad loans.

Apart from these demands, the unions said that banks should not pass on the burden of corporate bad loans on bank customers by raising the charges.

Wefornews Bureau

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