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Bank unions call for strike; demand better pay, withdrawal of BoB, Vijaya bank, Dena Bank merger

Bank unions call for strike; demand better pay, withdrawal of BoB, Vijaya bank, Dena Bank merger

A union of public sector bank officers has called for a strike on Friday, demanding immediate wage revision and protesting merger of the state-owned banks.

The strike call given by the All India Bank Officers’ Confederation (AIBOC) expected to hit banking operations across the country.
While the United Forum of Bank Unions (UFBU), an umbrella body of the top nine bank unions, has also decided to observe a strike on December 26.
Taking into account these two days of unions’ strike and other holidays, banks would be closed for most of the extended Christmas weekend. So, most bank branches will be open only for a day between this Friday and next Wednesday. Till December 26, there are three holidays -- fourth Saturday on December 22, then Sunday and then Christmas on Tuesday.
A Mint report claims the AIBOC is demanding a five-day work week, a full mandate for scale I to scale VII officers, salary revision and a defined benefit pension payment scheme, unlike the NPS.
On the bank merger, the bank unions said in a letter to PM Modi, accessed by Mint, “The concept of customer loyalty, retention and preferred banking relationships are going to fall apart with mergers. The sudden change of service provider is sure to create distrust and dissatisfaction.”
(With Inputs from PTI)

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