Skip to main content

Is Your Salary Credited At Month-End? 2-Day Bank Strike From Today

The 2-day bank strike could impact withdrawal and cash deposit in the branches of public sector banks.


  • UFBU has notified 48-hour-kong strike starting at 6:00 am on May 30
  • SBI has warned that strike could impact operations
  • Bank employee unions against 2% wage hike offered by IBA
Banking operations could be hit as nearly 10 lakh employees of state-run banks go on a two-day strike starting today, to press for wage hikes. 21 public sector banks control 75 per cent of the total business in the country. Withdrawal and cash deposit in the branches of public sector banks would be affected. The month-end strike comes at a time when many employers process the salaries of staff. However, the functioning of private banks like ICICI, HDFC Bank, Axis and Kotak Mahindra is expected to be normal except for delays in cheque clearances. Some banks have already warned of the strike impacting their banking operations.

SBI, the country's largest bank, in a statement to exchanges on May 21 said that the strike is likely to impact operations to some extent. The strike might disrupt the normal banking services at branches of our bank, said Ravindra P Marathe, MD of Bank of Maharashtra.

The digital banking facilities will however remain open. "Hence, we urge our customers to make the maximum use of digital banking services like UPI, MahaMobile app, internet banking facilities for their transactions. We have ensured that our digital banking systems and ATMs (for those who need cash) are available at all times for the convenience of our customers," he added

Bank employee unions have been opposing a 2 per cent wage hike proposed by the IBA or Indian Banks' Association, among other demands. Several rounds of talks between banks and the unions of their employees have failed to make any headway so far.

Bank union leader Ashok Gupta told  that talks between the group of bank unions and the banks' association failed on Monday. He said the IBA refused to discuss their demands. The official further said that bank unions are not ready to accept a wage hike below 14-15 per cent. The wage revision has been due since November 1, 2017. In the last wage revision in 2012, employees had received a wage rise of 15 per cent, news agency Press Trust of India cited West Bengal convenor of UFBU Siddhartha Khan as saying.

United Forum of Bank Unions (UFBU) is an umbrella body of bank unions including All India Bank Officers' Confederation (AIBOC), National Confederation of Bank Employees (NCBE), All India Bank Officers Association (AIBOA) and Bank Employees Federation of India (BEFI). 





UnitedUnitedUnitedUnitedUnitedUnitedUnited Forum of Bank Unions (UFBU) is an umbrella body of bank unions including All India Bank Officers' Confederation (AIBOC), National Confederation of Bank Employees (NCBE), All India Bank Officers Association (AIBOA) and Bank Employees Federation of India (BEFI). (With Agency Inputs)
Labels:

Comments

Post a Comment

Popular posts from this blog

OnePlus 6 Leaked Images Show iPhone X-Like Notch and Vertical Dual Camera Setup

OnePlus 6 is shown to sport an edge-to-edge display The phone is rumoured to get 6GB RAM. 64GB inbuilt storage The OnePlus 6 leaked images reveal a glass body design While we saw a mid-yearly upgrade with the OnePlus 5T, the OnePlus 5 is due to get a major redesign in June this year. There are still several weeks to go before the official unveiling but that hasn't stopped the leaks and rumours from surfacing online. In the latest leak, the supposed OnePlus 6 has been spotted with an edge-to-edge display and an  iPhone X -like notch on top. The leaked OnePlus 6 images also reveal a vertical dual rear camera setup on the back of the handset. Chinese technology blog ITHome on Tuesday posted snapshots of what is claimed to be the yet-to-be-launched OnePlus 6 flagship smartphone. From the first look, this phone sports a glass body design and a bezel-less display. What's interesting is that it seems to have borrowed the "notch" des...
Post a Comment
Read more

Airtel is offering free Hello Tunes to prepaid, postpaid users: Here’s how to get it

Airtel customers can now set their favourite songs as Hello Tunes for free through Wynk Music app(REUTERS) Airtel continues to offer freebies to its users under ‘Airtel Thanks’ programme. The latest is free Hello Tunes for its postpaid and prepaid customers. The benefit is available to all Airtel customers with plans of Rs 129 and above. Airtel users can get a new Hello Tune via the company’s Wynk music application. Users can change their Hello Tune as many times they want. Users, however, will have to renew the ‘Hello Tunes’ subscription through Wynk Music every 30 days. With the latest bundle, users will no longer have to pay monthly subscription charge of Rs 36 for caller tunes. How to get free Hello Tunes Step 1: Airtel users need to download the latest version of Wynk Music or update the existing app to the latest version. Step 2: Open the app, tap on ‘Hello Tunes’ icon on the top right hand corner of the screen. Step 3: Choose the song and set it as Hello T...
Post a Comment
Read more

France tightens 5G network controls amid Huawei backlash

Huawei is facing scrutiny in many countries over its ties with the Chinese government and allegations that Beijing could use its technology for spying. It denies those allegations. France is stepping up controls of telecoms infrastructure used in next-generation networks, a finance ministry official said, amid growing security concerns over Chinese group Huawei. The increased vetting is not intended to target any particular equipment maker, the official said, after the measures were unveiled on Friday in a new amendment to draft business legislation backed by the government. Huawei is facing scrutiny in many countries over its ties with the Chinese government and allegations that Beijing could use its technology for spying. It denies those allegations. The United States and some allies, including Australia and New Zealand, have banned Huawei from 5G networks. Foreign Minister Jean-Yves Le Drian said on Wednesday that Paris was aware of the risks of Huawei's access...
Post a Comment
Read more