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Vol. XLVIII · No. 134 · Established 1978 · Founded by K.B. Ganapathy
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Merger: Bank Officers’ Unions threaten to go on two-day stir

New Delhi: Four Unions of Officers of public sector banks have threatened to go on a two-day strike from Sept. 26 to protest against the announced consolidation of 10 State-run lenders into…

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Published September 13, 2019 · 1 min read
merger: bank officers’ unions

New Delhi: Four Unions of Officers of public sector banks have threatened to go on a two-day strike from Sept. 26 to protest against the announced consolidation of 10 State-run lenders into four. In a notice serviced to the Indian Banks’ Association, the Officers’ Union said that they propose to go on strike to protest against mergers and amalgamations in the banking sector. The Government on Aug. 30 announced consolidation of 10 large public sector banks into four. A Union leader also said that the nationalised banks will further observe indefinite strike in November to press for their demands. All India Bank Officers’ Confederation (AIBOC), All India Bank Officers’ Association (AIBOA), Indian National Bank Officers’ Congress (INBOC), National Organisation of Bank Officers (NOBO) have jointly served the strike notice.

The Unions are seeking introduction of five-day week in full; reduction of cash transaction hours and regulated working hours; adequate recruitment; scrapping of NPS, reduction of service charges for consumers and harassing of officers under specious plea of non-performance.

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