The United Forum of Bank Unions (UFBU) on Thursday said that its two-day nationwide strike on March 24 and 25 will be held as per the pre-scheduled schedule. UFBU said that no positive result could be achieved in the talks with the Indian Banks Association (IBA) on the main demands of the employee organization.

In the meeting with the IBA, UFBU members raised several issues including recruitment in all cadres and a five-day workweek. National Confederation of Bank Employees (NCBE) General Secretary L Chandrashekhar said that despite the meeting, the major issues remain unresolved. UFBU, an integrated body of nine bank employee unions, had earlier announced a strike over these demands.

What issues were raised in the talks?

In the meeting with the IBA, all the employee unions associated with the UFBU raised several important demands, including recruitment in all cadres and a five-day work week. But no consensus could be reached on these main demands. L. Chandrashekhar, general secretary of the National Confederation of Bank Employees (NCBE), said that no concrete decision has been taken on this issue.

What are the demands for which the strike is taking place?

Vacant posts in government banks should be filled: Appointments should be made immediately to the posts of employees and officers.

Performance review and incentive schemes should be withdrawn: Unions say that the new guidelines issued by the Department of Financial Services (DFS) are endangering job security.

“Micro-management” in the functioning of banks should be stopped: UFBU alleges that the autonomy of government bank boards is being affected.

Amendment in Gratuity Act: The limit should be increased to ₹ 25 lakh so that it is equal to the scheme of government employees and gets exemption from income tax.

The remaining pending issues related to IBA should be resolved.

Banks will remain closed for 4 consecutive days.

According to the United Forum of Bank Unions, 9 banks across the country will be on strike on 24 and 25 March. March 22 is the fourth Saturday and March 23 is Sunday, due to which banks will remain closed for 4 consecutive days. If you have to do any bank-related work, then you should complete it before March 22.

Along with common people, small and big businessmen will also face problems.

The country is sure to suffer a major economic blow due to the closure of banks for four consecutive days. This will hinder the work of the government as well as the common man. The four-day strike of banks will have a bad effect on business activities in the country.

Every day traders, service providers, corporate houses, industries, small businessmen, and other sectors use the banking system. This will have a bad effect on their banking work.

Transactions through NEFT will be stuck due to the closure of banks. Due to this, there is a possibility of big losses. Many important services including cheque clearance, and ATM functioning will be affected due to this strike.

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