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It will be a long and arduous weekend for bank customers of Indian public sector banks. Four banking unions have called for a strike, protesting the merger of ten banks announced by Nirmala Sitharaman on 30 August 2019. Other inconveniences aside, public sector banks will remain closed for two days on 26 and 27 September 2019. This strike is followed by 28 September 2019, which is the fourth Saturday of the month — a banking holiday. After the weekend, the banks will also be shut next Monday as it is the half-yearly closing day as the quarter ends. Overall, this means that public sector banks will be closed for five days straight. After a one day respite on 1 October 2019, banks will be shut again on 2 October 2019 for Mahatma Gandhi Jayanthi — another holiday. The continuous shutdown will affect cheque clearances, cash deposits and withdrawals, demand draft clearances and other transactions. This long pause in public banking services will also affect online transactions like RTGS and NEFT. However, IMPS transactions will continue providing respite to scores of customers. The country’s largest bank, State Bank of India (SBI) admitted that the strike might affect operations. “While the bank has made all arrangements to ensure normal functioning in its branches and offices, it is likely that work in our bank may be impacted to some extent by the strike,” SBI said in a statement on Bombay Stock Exchange. All India Bank Officers Confederation (AIBOC), All India Bank Officers Association (AIBOA), Indian National Bank Officers Congress (INBOC) and National Organization of Bank Officers (NOBO) have given a call for the strike.

Customers must brace for a very long weekend ahead at India's government banks

Banking services across the country are likely to be partially disrupted on October 22 as two bank unions will go on a 24-hour strike on the day. The strike has been called by All India Bank Employees' Association (AIBEA) and the Bank Employees Federation of India (BEFI) to protest against recent bank mergers, falling deposit rates and issues of job security. The Reserve <keyword id="6355303" type="DOMAIN" weightage="20" keywordseo="bank-of-india">Bank of India</keyword> and <keyword id="6354731" type="DOMAIN" weightage="20" keywordseo="state-bank-of-india">State Bank of India</keyword> will, however, not participate in the strike, sources in them said. Regional Rural Banks and cooperatives banks will also not participate in the strike as mergers do not affect them, sources said. Striking unions said they will shut the ATMs as these will be under the strike ambit.Bank of Maharashtra, Syndicate Bank, Bank of Baroda have expressed concern over their providing normal customer services. "We expect good response from all PSU and private banks," Bank Employees Federation of India (State Federation) General Secretary Joydeb Dasgupta said. SBI has claimed the impact of the strike on its operations will be minimum as most of its employees are not members of the participating unions. A SBI union leader said they are not participating in the strike and services will be normal. Dasgupta said SBI employees have offered moral support to the strike he said adding "It would have been good if SBI joined the strike".AIBEA and BEFI also oppose outsourcing of regular and perennial banking jobs and privatisation of banking industry, sources in them said. They have demanded adequate recruitment of clerical and sub-staff and urged for stringent steps for recovery of mounting bad loans, the sources added.

Banking services will be disrupted as two unions declare a strike tomorrow

Around 10 lakh <keyword id="6477319" type="UNKNOWN" weightage="100" keywordseo="Bank-Employees">bank employees</keyword>, belonging to public and private sectors, have decided to observe a day-long strike on July 29, as a protest against the "anti-people" banking reform policies that the centre has announced. 
 
The United Forum of Bank Unions (UFBU), which consists of nine trade unions across the country, have around 10 lakh bank employees and officers, all of which would be taking part in the strike. 
 
The employees have several demands, including not to privatise public sector banks or to increase private capital in such banks, while also protesting against Foreign Direct Investment in the banking sector. 
 Other than this, the unions are also opposing move to privatise regional rural banks, co-operative banks, consolidate and merging banks among others, said All India Bank Employees Association (<keyword id="327672" type="ORGANIZATION" weightage="100" keywordseo="AIBEA">AIBEA</keyword>) General Secretary C H Venkatachalam. 
 
<a href="http://www.thehindubusinessline.com/multimedia/dynamic/02414/BL23_04_BANK_2414766f.jpg">Image source </a>

10 Lakh bank employees to go on strike on 29th July, protesting against unfriendly reforms

Jaipur, Jan 8 () Banking and financial operations were affected in Rajasthan where thousands of employees associated with trade unions participated in nationwide bandh on Wednesday.
Roadways buses, autorickshaw services were partially affected, particularly in areas like Sikar, Ganganagar and Hanumangarh.
However, the strike remained peaceful in the state.
"Direct and indirect banking business to the tune of Rs 10,000 crore got affected today due to the strike. Most of the bank employees in the state participated in the strike," Mahesh Mishra, general secretary of Rajasthan Pradesh bank employees union, said.
He said that of the total nearly 25,000 bank employees in the state, almost 20,000 joined the strike.
The employees of financial institutions including banks and LIC, workers and labourers held demonstrations in Jaipur and other districts against the policies of NDA government.
The impact of the strike was also there on state roadways buses' operations in Sikar, Ganganagar, Hanumangarh where the roadways employees associated with centre of Indian trade unions (CITU) went on strike. 
Similarly, thousands of workers of textile and cement industries, krishi mandis also participated in the strike in different parts of the state.
"Workers of textile units in Reengus (Sikar), Bhawanimandi (Jhalawar) and of other units located in Malviya nagar industrial area, vishwakarma industrial area of Jaipur participated in the strike. The strike impact was also there in krisi mandis of Hanumangarh, Ganganagar," CITU state president Ravindra Shukla said.
"The strike against the policies of NDA government received a good response in the state," he claimed.
However, the strike had no impact on markets and public transport services in other parts of the state. 
In the state capital also, markets were open and public transport services were unaffected. SDA MKJ

Banking operations hit in Rajasthan due to trade unions' strike

New Delhi, Jan 8 () Banking services were impacted on Wednesday as employees went on a nationwide strike called by 10 central trade unions to protest against the government's "anti-people" policies.
 Branch activities including cash withdrawal deposit in public sector banks in many places across the country have been affected due to the strike.
 Most of the lenders had informed their customers in advance about the strike call given by All India Bank Employees Association (AIBEA), All India Bank Officers' Association (AIBOA), BEFI, INBEF, INBOC and Bank Karmachari Sena Mahasangh (BKSM), and its impact on banking services.
 Bank employees have extended support to the nationwide strike call given by 10 central trade unions, AIBEA general Secretary C H Venkatachalam told .
 "We have been opposing government policies on bank merger, privatisation, fee hike and other wage-related issues," he said.
 All India Reserve Bank Employees Association (AIRBEA) and All India Reserve Bank Workers Federation (AIRBWF) and some insurance unions have also extended support to the strike.
 Trade unions INTUC, AITUC, HMS, CITU, AIUTUC, TUCC, SEWA, AICCTU, LPF, UTUC along with various sectoral independent federations and associations had adopted a declaration in September last year to go on the nationwide strike on January 8.
 The trade unions have claimed around 25 crore people are participating in the strike to protest against the government's "anti-people" policies. DP ANS
ANS

Banking services impacted due to nationwide trade union strike

<ul><li><keyword id="6477319" type="UNKNOWN" weightage="20" keywordseo="bank-employees">Bank employees</keyword> are protesting a proposal by the Indian Banks Association to hike their <keyword id="6356975" type="UNKNOWN" weightage="20" keywordseo="wages">wages</keyword> by only 2%. </li><li>Their last wage revision in 2015 comprised a 15% hike. </li><li>However, India’s banks are in a worse state than before, given the continued buildup in non-performing loans. </li></ul>If you’re in India, planning to use an ATM or withdraw a portion of your monthly salary this week, you might have to hold off for a few days. A large number of bank employees, all of whom are members of bank unions, are set to stage a <keyword id="6358138" type="PERSON" weightage="20" keywordseo="Strike">strike</keyword> tomorrow and day after, across the country, in response to insufficient hike in their wages. D T Franco, the general secretary of the All India Bank Officers’ Confederation, told media outlets that the number of participants in the strike would total around <a href="http://www.business-standard.com/article/current-affairs/around-1-million-bank-employees-to-go-on-2-day-strike-from-wednesday-118052900024_1.html">1 million</a>. The strike comes despite efforts by the central government to avert it. The Chief Labour Commissioner, Rajan Verma, was unable to convince the representatives of all nine of India’s bank unions - which come together under the umbrella of the United Forum of Bank Unions (UFBU) - to accept the 2% increase in their wages that was proposed by the Indian Banks Association (IBA). According to a notice issued by the UFBU, the workload of these employees has surged in recent years, given the expansion of branch networks, launch of government banking schemes and increased compliance protocols. Concurrently, their costs of living have also increased. The UFBU’s demands include a swift and adequate increase in wages as well as the inclusion of lower-level managers, who were excluded from the wage hike scheme. The IBA only awarded pay hikes to senior managers, above the Scale III level. No easy solution The last time bank employees received a wage hike was in February 2015, when wages for the period starting November 2012 were retroactively <a href="https://www.thehindubusinessline.com/economy/15-salary-bonanza-for-bank-employees/article7244522.ece">increased by 15%</a>. Employees were likely expecting a proportional hike this time. A wage hike has been due since November 2017, when the last hike agreement expired. In the ensuing months, the 2% hike proposal has been discussed and rejected, with employees <a href="https://www.livemint.com/Politics/NRQ1kZlB7vVaUe2ICcsKKK/Bank-employees-unions-reject-2-salary-hike-threaten-strik.html">threatening a strike</a> if the proposal wasn’t revised. Given the build-up in non-performing assets, slowdown in lending and widening losses, India’s banks aren’t in the best of health at the moment. Hence, a larger wage hike will only hurt their finances more. However, as the UFBU argued, employees can’t be forced to bear the burden of India’s bad loan problem. The IBA has no choice but to negotiate an increase in wages - one that is not only acceptable to all striking employees, but that is also feasible for all banks. It will be a tricky balancing act.

Nearly 1 million bank employees in India are set to go on strike this week

New Delhi, Jan 31 () Services of public sector banks were impacted as employee unions went on a two-day nationwide strike from Friday to press for wage revision.
 However, private sector lenders like ICICI Bank and HDFC Bank were operational.
 Many banks, including State Bank of India (SBI), had informed customers in advance that operations may be impacted to some extent due to the strike.
 Cash deposit, withdrawal, cheque clearances, instrument issuance and loan disbursement were affected.
 With this strike, banks would be closed for three days including Sunday. Banks will open only on Monday, February 3.
 The strike coincides with the beginning of the Budget session of parliament and presentation of Union Budget 2020-21.
 The strike call has been given by the United Forum of Bank Unions (UFBU), an umbrella body of nine bank unions, including All India Bank Officers' Confederation (AIBOC), All India Bank Employees Association (AIBEA) and National Organisation of Bank Workers (NOBW).
 Unions claimed that about 10 lakh staff and officers of public sector banks and some private sector banks are participating in strike.
 Branches of public sector banks were closed in many parts of country, as per initial reports.
 Wage revision for employees of public sector banks is pending since November 2017.
 In the past wage settlement, which was for the period November 1, 2012, to October 31, 2017, employees got a hike of 15 per cent.
 During discussions, the Indian Banks' Association (IBA) on Thursday improved their offer to 13.5 per cent, but this was not acceptable, the unions said.
 However, IBA in a statement said despite the revised offer of up to 19 per cent hike, including performance linked incentive, made by it during the meeting on Thursday, the unions decided to go ahead with the all-India bank strike.
 A section of bank employees had gone on a day-long strike on January 8 in support of 10 major trade unions' protest call against the government's "anti-people" policies. DP ANS
ANS

Two-day PSU bank strike impacts services

Banking operations at public sector banks across the country were badly hit yesterday due to a nationwide strike by the employees. The employee unions are demanding a wage revision. 
 The strike was called as the employee unions and the <keyword id="110491" type="ORGANIZATION" weightage="100" keywordseo="Indian-Bank-Association">Indian Bank Association</keyword> (IBA) failed to settle the wage dispute. While the unions are asking for a 23% hike, the IBA is ready to give just 11%. Unions have threatened to further intensify their agitation if their demands are not met. 
 
Banks had given prior information to customers about the inconvenience. "The United Forum of Bank Union (UFBU) has given a notice to IBA calling for nationwide bank strike on November 12 and All-India State Bank Officers’ Federation and All-India State Bank of India Staff Federation being a part of UFBU will also participate in the said strike," SBI had said.

Banking Services And Markets Suffer
Due To Strike

New Delhi, Jan 27 () Bank unions have threatened to go on a two-day nationwide strike from January 31 to press for early wage revision.
 The strike call has been given by the United Forum of Bank Unions (UFBU), an umbrella body of the nine bank unions including All India Bank Officers' Confederation (AIBOC), All India Bank Employees Association (AIBEA) and National Organisation of Bank Workers (NOBW).
 The meeting before Chief Labour Commissioner on Monday remain inconclusive so unions did not take back strike notice, AIBOC president Sunil Kumar said.
 The wage revision for employees of public sector banks is pending since November 2017.
 In absence of no clear commitment from the Indian Banks' Association on demand from unions, the strike call stands, said AIBEA general secretary C H Venkatachalam in a statement.
 "IBA's rigid approach has left us with no option than to go on strike. We appeal to the banking customers to bear with us for this disruption in services due to the strike but the same has been forced on us by the bank managements and IBA," he said.
 Many banks including SBI have informed customers that operations may be impacted to some extent due to the proposed two-day nationwide strike beginning January 31.
 If proposed strike materialises, it will coincide with beginning of the Budget session and presentation of Budget 2020-21.
 UFBU in circular alleged rigid approach of the Indian Banks' Association on demands for a fair wage revision settlement.
 "In this background, the meeting of UFBU held at Mumbai on January 13 came to the unanimous and inescapable conclusion that intensified agitational actions have to be resorted to press our demands for reasonable resolution and satisfactory settlement," it said.
 Unions are demanding wage revision settlement at 20 per cent hike on pay slip components with adequate loading.
 In the past wage settlement, which was for the period November 1, 2012, to October 31, 2017, the employees got a 15 per cent hike.
 Earlier this month, a section of bank employees had gone on a day-long strike on January 8 in support of 10 major trade unions' protest call against the government's "anti-people" policies. DP MKJ

Employees of PSU banks threaten to go on two-day strike from Jan 31

New Delhi, Jan 7 () Banking services at public sector banks are likely to be hit on Wednesday due to a nationwide strike called by 10 central trade unions.
Most of the lenders have already informed stock exchanges about the January 8 strike and its impact on banking services.
Various bank employee associations, including AIBEA, All India Bank Officers' Association (AIBOA), BEFI, INBEF, INBOC and Bank Karmachari Sena Mahasangh (BKSM), have expressed their willingness to participate in the strike.
Banking services like deposit and withdrawal, cheque clearing and instrument issuance are expected to be impacted due to the strike.
However, services at private sector banks are unlikely to be impacted.
Nearly 25 crore people are likely to take part in an all-India strike on Wednesday to protest against the government's "anti-people" policies. 
 Trade unions INTUC, AITUC, HMS, CITU, AIUTUC, TUCC, SEWA, AICCTU, LPF, UTUC along with various sectoral independent federations and associations had adopted a declaration in September last to go on a nationwide strike on January 8, 2020.
"The Ministry of Labour has failed to assure on any of the demands of workers which called a meeting on January 2, 2020. The attitude of the government is that of contempt towards labour as we construe from its policies and actions," the 10 CTUs said in a joint statement.
"We expect participation of not less than 25 crore of working people in the forthcoming National General Strike on January 8, 2020, to be followed by many more actions seeking reversal of the anti-worker, anti-people, anti-national policies of the Government," it said. DP ANU

Banking services may be hit due to trade unions' strike on Jan 8

New Delhi, Jan 24 () The country's largest lender SBI on Friday said its operations may be impacted to some extent due the proposed two-day nationwide strike beginning January 31.
 The bank has however made all arrangements to ensure normal functioning in its branches and offices, the State Bank of India (SBI) said in a filing to the BSE.
 "While Bank has made all arrangements to ensure normal functioning in its branches and offices, it is likely that work in our Bank may be impacted to some extent by the strike," the filing said.
Bank unions have called for a two-day nationwide strike on January 31 and February 1 after talks over wage revision failed to make headway with the Indian Banks' Association (IBA).
"We have been advised by IBA that United Forum of Bank Unions (UFBU) which constitutes 9 major unions...has given a call for an all India strike by Bank employees on 31st January and 1st February, 2020," the filing said. 
 The UFBU constitutes All India Bank Employees' Association, All India Bank Officers' Confederation, National Confederation of Bank Employees, All India Bank Officers' Association, Bank Employees Federation of India, Indian National Bank Employees Federation, Indian National Bank Officers' Congress, National Organisation Of Bank Workers and National Organisation of Bank Officers. SID SID ANU
ANU

Operations may be impacted due to bank unions' two-day strike: SBI

New Delhi, Feb 1 () Services of public sector banks were impacted on Saturday as nation-wide strike by employee unions entered its second day.
 The strike call has been given by the United Forum of Bank Unions (UFBU), an umbrella body of nine bank unions, including All India Bank Officers' Confederation (AIBOC), All India Bank Employees Association (AIBEA) and National Organisation of Bank Workers (NOBW) to press for wage revision pending since November 2017.
 However, private sector lenders like ICICI Bank and HDFC Bank were operational.
 Branches in several parts of the country remained closed and some of the ATMs also went dry, according to reports coming various parts of the country.
 Many banks, including State Bank of India (SBI), had informed customers in advance that operations may be impacted to some extent due to the strike.
 Cash deposit, withdrawal, cheque clearances, instrument issuance and loan disbursement were affected.
 The strike coincides with the beginning of the Budget session of parliament and presentation of Union Budget 2020-21.
 Unions claimed that about 10 lakh staff and officers of public sector banks and some private sector banks are participating in strike.
 Wage revision for employees of public sector banks is pending since November 2017.
 In the past wage settlement, which was for the period November 1, 2012, to October 31, 2017, employees got a hike of 15 per cent.
 During discussions, the Indian Banks' Association (IBA) on Thursday improved their offer to 13.5 per cent, but this was not acceptable, the unions said.
 However, IBA in a statement said despite the revised offer of up to 19 per cent hike, including performance linked incentive, made by it during the meeting on Thursday, the unions decided to go ahead with the all-India bank strike. DP DP ANS
ANS

Nation-wide strike impacts banking services at PSU banks

New Delhi, Jan 30 () Bank unions have decided to go on a two-day nationwide strike from Friday as talks with management of public sector lenders on wage revision have failed to reach a consensus.
 Many banks, including SBI, have informed customers that operations may be impacted to some extent due to the strike.
 The strike will coincide with the beginning of the Budget session of parliament and presentation of union Budget 2020-21.
 The strike call has been given by the United Forum of Bank Unions (UFBU), an umbrella body of nine bank unions, including All India Bank Officers' Confederation (AIBOC), All India Bank Employees Association (AIBEA) and National Organisation of Bank Workers (NOBW).
 Earlier this week, a meeting with the Chief Labour Commissioner remained inconclusive, AIBOC President Sunil Kumar said.
 The wage revision for employees of public sector banks is pending since November 2017.
 "Today's talks with Indian Banks' Association (IBA) failed on demand from unions, so strike call stands," AIBEA General Secretary C H Venkatachalam said.
 IBA's rigid approach has left unions with no option than to go on strike, Vekatachalam said, adding, "We appeal to the banking customers to bear with us for this disruption in services due to the strike but the same has been forced on us by the bank managements and IBA."
 In a circular, UFBU accused the IBA of a rigid approach towards demands for a fair wage revision settlement.
 A meeting of UFBU held at Mumbai on January 13 came to the unanimous conclusion that intensified agitational actions have to be taken to press our demands, NOBW Vice President Ashwini Rana said.
 During the recent period, prices have gone up steeply and the workload on the banking workforce has also gone up enormously, UFBU said, adding that bank staffers expect a fair and reasonable hike in wages in the current settlement.
 Unions are demanding 20 per cent hike on pay slip components with adequate loading.
 In the past wage settlement, which was for the period November 1, 2012, to October 31, 2017, the employees got a hike of 15 per cent.
 A section of bank employees had gone on a day-long strike on January 8 in support of 10 major trade unions' protest call against the government's "anti-people" policies. DP ABM

Employees of PSU banks to go on two-day strike from Friday

Lucknow, Jan 31 () Customers of public sector banks in Uttar Pradesh faced troubles on Friday with state employee unions joining the two-day nationwide strike over wage revision, pension and other demands.
 Cash deposit, withdrawal, cheque clearances, instrument issuance and loan disbursement were affected, bank unions said.
 "Some of the demands of the protesting bank officials are salary revision, work-life balance, five-day banking, opposition to merger of banks," Dilip Chauhan, UP general secretary of All India Bank Officers' Confederation told .
 "Close to 2 lakh bank officials working in 14,000 branches of various public sector banks in UP, participated in the protest," Chauhan said.
 The strike call has been given by the United Forum of Bank Unions (UFBU), an umbrella body of nine bank unions, including All India Bank Officers'' Confederation (AIBOC), All India Bank Employees Association (AIBEA) and National Organisation of Bank Workers (NOBW).
 Private banks, however were open.
 Branches of PSBs will remain closed on Saturday. Banks will reopen only on Monday, February 3.
 The strike coincides with the beginning of the Budget session of Parliament and presentation of Union Budget for 2020-21.
 Bank employee unions claimed that about 10 lakh staff and officers of public sector banks and some private sector banks are participating in the strike.
 Wage revision for employees of public sector banks is pending since November 2017. NAV MR
MR

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Customers must brace for a very long weekend ahead at India's government banks

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Banking services will be disrupted as two unions declare a strike tomorrow

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10 Lakh bank employees to go on strike on 29th July, protesting against unfriendly reforms

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Banking operations hit in Rajasthan due to trade unions' strike

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Banking services impacted due to nationwide trade union strike

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Nearly 1 million bank employees in India are set to go on strike this week

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Two-day PSU bank strike impacts services

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Banking Services And Markets Suffer Due To Strike

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Employees of PSU banks threaten to go on two-day strike from Jan 31

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Operations may be impacted due to bank unions' two-day strike: SBI

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Nation-wide strike impacts banking services at PSU banks

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Employees of PSU banks to go on two-day strike from Friday

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PSB employee unions in UP join two-day strike, services hit

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