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Bank Strike: Nationwide on August 22 2017!!

Bank Strike: Nationwide on August 22!!The United Forum of Bank Unions (UFBU), an umbrella body of nine unions in the sector, has given notice of their decision to go on nationwide strike on August 22, 2017. This strike has been announced to protest to bring in reforms in the banking sector and other issues

“The All India Bank Employees Association (AIBEA), which represents nine bank unions and employees of public and private sector banks, has called for a nation-wide strike on August 22 to press for various demands. Nearly 10 lakh employees would participate in the strike to protest plans to privatise public sector banks, merger and consolidation of banks and other demands including not to write-off non-performing assets (NPAs) in banks”, said the General Secretary of AIBEA, Mr. C H Venkatachalam.

He further added that bad loans that were written off by State Bank of India group in the last five years is around Rs 93,041 crore. The bad loans of State Bank of India was Rs 20,339 crore and Rs 27,574 crore for SBI group as of 2016-17.

The notice for this strike has been issued by the United Forum of Bank Unions a couple of days back. After the strike on August 22, a massive rally is planned to be conducted on September 15. A two days continuous strike is planned in October or November.

Some of the demands raised by UFBU are as below:

  • Immediately stop the merger of banks and their privatisation.Bank Strike: Nationwide on August 22!!
  • The Financial Resolution and Deposit Insurance Bill in its current form. UFBU wants this Bill to be completely scrapped.
  • All moves made to write off corporate loans.
  • Wilful defaulters to be declared as criminals and such activity as a criminal offence.
  • The government must implement stringent measures to recover NPAs with the recommendations from Parliamentary Standing Committee.
  • Steps taken to pass on the NPA burden to customers in the form of service charges.
    Rolling back GST rate of 15 per cent on banking services.
  • Steps taken to pass on the NPA burden to customers in the form of service charges.
  • Rolling back GST rate of 15 per cent on banking services.
  • Reimbursement of expenses incurred during the demonetisation and Jan Dhan campaigns.
  • Extra payments for employees for working on holidays and sitting later hours during demonetisation.
  • Recruitment of adequate staff.
  • Removal of gratuity ceiling under of Payment of Gratuity Act, 1972.
  • Restoration of compassionate appointments in banks.
  • Extend the former pension scheme in banks in lieu of NPS as a follow-up on record note of May 25, 2015

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The United Forum of Bank Unions (UFBU) comprises of nine unions in the banking sectors which are as below:

  1. AIBEA – All India Bank Employees Association
  2. AIBOC – All India Bank Officers Confederation
  3. NCBE – National Confederation of Bank Employees
  4. AIBOA – All India Bank Officers Association
  5. BEFI – Bank Employees Federation of India
  6. INBEC – Indian National Bank Employees Congress
  7. INBOC – Indian National Bank Officers Congress
  8. NOBW – National Organisation of Bank Workers
  9. NOBO – National Organisation of Bank Officers

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