20 Dec, 2018 10:52a.m.

Banks to Remain Shut Tomorrow in Wake of Officers' Strike


Ahead of the strike called by the United Forum of Bank Unions (UFBU) on December 26, one of the bank officers' unions has called a strike on December 21, demanding an unconditional mandate for the XIth bipartite wage revision talks. As December 23, 23 and 25 are public holidays, only one day, December 24, will be a working day for public dealing.

The All India Bank Officers Confederation (AIBOC) has called for a strike tomorrow i.e. December 21 against the merger of three banks - Bank of Baroda, Vijaya Bank and Dena Bank. It has also pressed for better pay.

The various demands of AIBOC include a full mandate for scale I to scale VII officers to negotiate wage revision, five-day work week and a defined benefit pension payment scheme unlike the NPS.

Another bank union, United Forum of Bank Unions (UFBU) has given a call for strike on December 26. The UFBu has called for a strike against the bank merger and the IBA’s revised offer of 8 per cent pay hike.

In the wake of strikes and holidays, the banks will remain closed from next Friday to Wednesday, except Monday and the banking services could adversely be affected on these days.

All India Bank Officers Confederation`s (AIBOC) Assistant General Secretary Sajay Das told IANS that the strike on December 21 has been called demanding full and unconditional mandate for the XIth bipartite wage revision talks based on a charter of demands submitted in May, 2017.

Das said that over 3.2 lakh officers of the union would participate in the strike as no perceptible initiative was observed from Indian Banks' Association.

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