New Delhi: Services at all Public Sector Banks across the country may take a hit on Tuesday (Aug. 22), as all Unions under the aegis of United Forum of Bank Unions (UFBU) will go on a strike against the Government’s proposed consolidation move, besides raising a host of demands.
The UFBU is an umbrella body of nine Unions, including All India Bank Officers Confederation (AIBOC), All India Bank Employees Association (AIBEA) and National Organisation of Bank Workers (NOBW). The demands include: No write-off policy for Non-Performing Assets (NPAs) of corporate loans; Declaring wilful default of loans as criminal offence; Implementation of Parliamentary Committee recommendations on recovery of NPAs; Stringent measures for recovery of bad loans; Withdrawal of proposed FRDI Bill; Abolition of Banks Board Bureau; Adequate recruitment in all cadres and Resolution of issues relating to employees, among others. “As the conciliatory meeting before the Chief Labour Commissioner failed, the Unions were left with no other option but to go on strike. There was no assurance from the Government and management of Banks. As such, UFBU has decided to go on a nationwide bank strike tomorrow,” according to an UFBU office-bearer.
