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United forum of bank unions

New Delhi, Feb 28: The United Forum of Bank Union (UFBU), an umbrella body of nine unions has called for an All India Bank Strike today. The day-long strike will be held to protest the government’s anti-people banking reforms. The demand of the bank union also includes giving compensation to employees for extra work done on account of demonetisation and booking loan defaulters. Meanwhile, top private lenders ICICI Bank, HDFC Bank and Axis Bank, Kotak Mahindra are not part of the union and will continue to function normally but cheque clearances would not take place, Almost 75 per cent of the banking services are expected to be hit on Tuesday owing to the strike and no cheque clearances will take place. The UFBU comprises of nine unions namely the AIBEA, AIBOC, NCBE, AIBOA, BEFI, INBEF, INBOC, NOBW and NOBO. All India Bank Employees Association (AIBEA) General Secretary C. Venkatachalam informed that these nine unions will observe the strike. He informed that the real menace affecting the Indian banking industry is the rise in bad loans and number of wilful loan defaulters. Two of the Bharatiya Mazdoor Sangh affiliates namely National Organisation of Bank Workers and National Organisation of Bank Officers are not part of the stir. “Strike is on as there has not been serious effort from the bank management especially Indian Banks’ Association (IBA) to defer it by accepting some of our demands,” All India Bank Officers’ Confederation (AIBOC) General Secretary Harvinder Singh was quoted by . All India Bank Employees Association (AIBEA) General Secretary C. Venkatachalam informed that these nine unions will observe the strike. He informed that the real menace affecting the Indian banking industry is the rise in bad loans and number of wilful loan defaulters. “Fixing accountability for bad loans and taking action against the bank officials and willful defaulters are the need of the hour and not formation of a ‘bad bank’”, Venkatachalam was quoted by IANS. Meanwhile, State Bank of India, Punjab National Bank and Bank of Baroda have already informed their customers that bank operations will be hit due to strike. New Delhi, Feb 28: The United Forum of Bank Union (UFBU), an umbrella body of nine unions has called for an All India Bank Strike today. The day-long strike will be held to protest the government’s anti-people banking reforms. The demand of the bank union also includes giving compensation to employees for extra work done on account of demonetisation and booking loan defaulters. Meanwhile, top private lenders ICICI Bank, HDFC Bank and Axis Bank, Kotak Mahindra are not part of the union and will continue to function normally but cheque clearances would not take place, Almost 75 per cent of the banking services are expected to be hit on Tuesday owing to the strike and no cheque clearances will take place. The UFBU comprises of nine unions namely the AIBEA, AIBOC, NCBE, AIBOA, BEFI, INBEF, INBOC, NOBW and NOBO. All India Bank Employees Association (AIBEA) General Secretary C. Venkatachalam informed that these nine unions will observe the strike. He informed that the real menace affecting the Indian banking industry is the rise in bad loans and number of wilful loan defaulters. Two of the Bharatiya Mazdoor Sangh affiliates namely National Organisation of Bank Workers and National Organisation of Bank Officers are not part of the stir. “Strike is on as there has not been serious effort from the bank management especially Indian Banks’ Association (IBA) to defer it by accepting some of our demands,” All India Bank Officers’ Confederation (AIBOC) General Secretary Harvinder Singh was quoted by . All India Bank Employees Association (AIBEA) General Secretary C. Venkatachalam informed that these nine unions will observe the strike. He informed that the real menace affecting the Indian banking industry is the rise in bad loans and number of wilful loan defaulters. “Fixing accountability for bad loans and taking action against the bank officials and willful defaulters are the need of the hour and not formation of a ‘bad bank’”, Venkatachalam was quoted by IANS. Meanwhile, State Bank of India, Punjab National Bank and Bank of Baroda have already informed their customers that bank operations will be hit due to strike.

date: 25-Aug-2021 22:00next


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