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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

As individuals, families and businesses, we are highly dependent on banks. Financial transactions are affected during <keyword id="1004673" type="PERSON" weightage="20" keywordseo="Bank-holidays">bank holidays</keyword>. Hence knowing bank holidays in advance and planning our financial transactions in advance can save a lot of hassles, disruptions and inconveniences. In addition to Sundays, banks are closed on the second and fourth Saturdays. Here is a list of bank holidays in India for the month of November. List Bank Holidays in the month of November 2019 Common bank holidays across the country The Sundays of the month fall on November 3, 2019, November 10, 2019, November 17, 2019 and November 24, 2019. Hence banks will remain closed across the country on all these four Sundays. On second and fourth Saturdays, all public sector banks are closed. There are five Saturdays in November 2019 and the banks will not work on November 9, 2019 (second Saturday) and November 23, 2019 (fourth Saturday). The banks will work on fifth Saturday, November 30, 2019. Read also: 
 
 
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 November 2019 region-wise holidays for banks in India <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #dddddd 0.75pt;border-right:solid #dddddd 0.75pt;border-bottom:solid #dddddd 0.75pt;border-top:solid #dddddd 0.75pt;vertical-align:middle;background-color:#ffc000;padding:3.75pt 3.75pt 3.75pt 3.75pt;overflow:hidden;overflow-wrap:break-word;">Date </td><td style="border-left:solid #dddddd 0.75pt;border-right:solid #dddddd 0.75pt;border-bottom:solid #dddddd 0.75pt;border-top:solid #dddddd 0.75pt;vertical-align:middle;background-color:#ffc000;padding:0.75pt 0.75pt 0.75pt 0.75pt;overflow:hidden;overflow-wrap:break-word;">Description </td><td style="border-left:solid #dddddd 0.75pt;border-right:solid #dddddd 0.75pt;border-bottom:solid #dddddd 0.75pt;border-top:solid #dddddd 0.75pt;vertical-align:middle;background-color:#ffc000;padding:3.75pt 3.75pt 3.75pt 3.75pt;overflow:hidden;overflow-wrap:break-word;">Applicable to states </td></tr><tr><td style="border-left:solid #dddddd 0.75pt;border-right:solid #dddddd 0.75pt;border-bottom:solid #dddddd 0.75pt;border-top:solid #dddddd 0.75pt;vertical-align:middle;background-color:#f9f9f9;padding:3.75pt 7.5pt 3.75pt 7.5pt;overflow:hidden;overflow-wrap:break-word;">1 November 2019 (Friday) </td><td style="border-left:solid #dddddd 0.75pt;border-right:solid #dddddd 0.75pt;border-bottom:solid #dddddd 0.75pt;border-top:solid #dddddd 0.75pt;vertical-align:middle;background-color:#f9f9f9;padding:0.75pt 0.75pt 0.75pt 0.75pt;overflow:hidden;overflow-wrap:break-word;">Puducherry Liberation Day </td><td style="border-left:solid #dddddd 0.75pt;border-right:solid #dddddd 0.75pt;border-bottom:solid #dddddd 0.75pt;border-top:solid #dddddd 0.75pt;vertical-align:middle;background-color:#f9f9f9;padding:3.75pt 7.5pt 3.75pt 7.5pt;overflow:hidden;overflow-wrap:break-word;">Puducherry </td></tr><tr><td style="border-left:solid #dddddd 0.75pt;border-right:solid #dddddd 0.75pt;border-bottom:solid #dddddd 0.75pt;border-top:solid #dddddd 0.75pt;vertical-align:middle;padding:0.75pt 0.75pt 0.75pt 0.75pt;overflow:hidden;overflow-wrap:break-word;">Haryana Day </td><td style="border-left:solid #dddddd 0.75pt;border-right:solid #dddddd 0.75pt;border-bottom:solid #dddddd 0.75pt;border-top:solid #dddddd 0.75pt;vertical-align:middle;padding:3.75pt 7.5pt 3.75pt 7.5pt;overflow:hidden;overflow-wrap:break-word;">Haryana </td></tr><tr><td style="border-left:solid #dddddd 0.75pt;border-right:solid #dddddd 0.75pt;border-bottom:solid #dddddd 0.75pt;border-top:solid #dddddd 0.75pt;vertical-align:middle;background-color:#f9f9f9;padding:0.75pt 0.75pt 0.75pt 0.75pt;overflow:hidden;overflow-wrap:break-word;">Kannada Rajyothsava </td><td style="border-left:solid #dddddd 0.75pt;border-right:solid #dddddd 0.75pt;border-bottom:solid #dddddd 0.75pt;border-top:solid #dddddd 0.75pt;vertical-align:middle;background-color:#f9f9f9;padding:3.75pt 7.5pt 3.75pt 7.5pt;overflow:hidden;overflow-wrap:break-word;">Karnataka </td></tr><tr><td style="border-left:solid #dddddd 0.75pt;border-right:solid #dddddd 0.75pt;border-bottom:solid #dddddd 0.75pt;border-top:solid #dddddd 0.75pt;vertical-align:middle;padding:0.75pt 0.75pt 0.75pt 0.75pt;overflow:hidden;overflow-wrap:break-word;">Kut </td><td style="border-left:solid #dddddd 0.75pt;border-right:solid #dddddd 0.75pt;border-bottom:solid #dddddd 0.75pt;border-top:solid #dddddd 0.75pt;vertical-align:middle;padding:3.75pt 7.5pt 3.75pt 7.5pt;overflow:hidden;overflow-wrap:break-word;">Manipur </td></tr><tr><td style="border-left:solid #dddddd 0.75pt;border-right:solid #dddddd 0.75pt;border-bottom:solid #dddddd 0.75pt;border-top:solid #dddddd 0.75pt;vertical-align:middle;background-color:#f9f9f9;padding:3.75pt 7.5pt 3.75pt 7.5pt;overflow:hidden;overflow-wrap:break-word;">2 November 2019 (Saturday) </td><td style="border-left:solid #dddddd 0.75pt;border-right:solid #dddddd 0.75pt;border-bottom:solid #dddddd 0.75pt;border-top:solid #dddddd 0.75pt;vertical-align:middle;background-color:#f9f9f9;padding:0.75pt 0.75pt 0.75pt 0.75pt;overflow:hidden;overflow-wrap:break-word;">Chhath Puja </td><td style="border-left:solid #dddddd 0.75pt;border-right:solid #dddddd 0.75pt;border-bottom:solid #dddddd 0.75pt;border-top:solid #dddddd 0.75pt;vertical-align:middle;background-color:#f9f9f9;padding:3.75pt 7.5pt 3.75pt 7.5pt;overflow:hidden;overflow-wrap:break-word;">Jharkhand, Bihar </td></tr><tr><td style="border-left:solid #dddddd 0.75pt;border-right:solid #dddddd 0.75pt;border-bottom:solid #dddddd 0.75pt;border-top:solid #dddddd 0.75pt;vertical-align:middle;padding:3.75pt 7.5pt 3.75pt 7.5pt;overflow:hidden;overflow-wrap:break-word;">3 November 2019 (Sunday) </td><td style="border-left:solid #dddddd 0.75pt;border-right:solid #dddddd 0.75pt;border-bottom:solid #dddddd 0.75pt;border-top:solid #dddddd 0.75pt;vertical-align:middle;padding:0.75pt 0.75pt 0.75pt 0.75pt;overflow:hidden;overflow-wrap:break-word;">Chhath Puja Holiday </td><td style="border-left:solid #dddddd 0.75pt;border-right:solid #dddddd 0.75pt;border-bottom:solid #dddddd 0.75pt;border-top:solid #dddddd 0.75pt;vertical-align:middle;padding:3.75pt 7.5pt 3.75pt 7.5pt;overflow:hidden;overflow-wrap:break-word;">Bihar </td></tr><tr><td style="border-left:solid #dddddd 0.75pt;border-right:solid #dddddd 0.75pt;border-bottom:solid #dddddd 0.75pt;border-top:solid #dddddd 0.75pt;vertical-align:middle;background-color:#f9f9f9;padding:3.75pt 7.5pt 3.75pt 7.5pt;overflow:hidden;overflow-wrap:break-word;">8 November 2019 (Friday) </td><td style="border-left:solid #dddddd 0.75pt;border-right:solid #dddddd 0.75pt;border-bottom:solid #dddddd 0.75pt;border-top:solid #dddddd 0.75pt;vertical-align:middle;background-color:#f9f9f9;padding:0.75pt 0.75pt 0.75pt 0.75pt;overflow:hidden;overflow-wrap:break-word;">Wangala Festival </td><td style="border-left:solid #dddddd 0.75pt;border-right:solid #dddddd 0.75pt;border-bottom:solid #dddddd 0.75pt;border-top:solid #dddddd 0.75pt;vertical-align:middle;background-color:#f9f9f9;padding:3.75pt 7.5pt 3.75pt 7.5pt;overflow:hidden;overflow-wrap:break-word;">Meghalaya </td></tr><tr><td style="border-left:solid #dddddd 0.75pt;border-right:solid #dddddd 0.75pt;border-bottom:solid #dddddd 0.75pt;border-top:solid #dddddd 0.75pt;vertical-align:middle;padding:3.75pt 7.5pt 3.75pt 7.5pt;overflow:hidden;overflow-wrap:break-word;">10 November 2019 (Sunday) </td><td style="border-left:solid #dddddd 0.75pt;border-right:solid #dddddd 0.75pt;border-bottom:solid #dddddd 0.75pt;border-top:solid #dddddd 0.75pt;vertical-align:middle;padding:0.75pt 0.75pt 0.75pt 0.75pt;overflow:hidden;overflow-wrap:break-word;">Eid e Milad </td><td style="border-left:solid #dddddd 0.75pt;border-right:solid #dddddd 0.75pt;border-bottom:solid #dddddd 0.75pt;border-top:solid #dddddd 0.75pt;vertical-align:middle;padding:3.75pt 7.5pt 3.75pt 7.5pt;overflow:hidden;overflow-wrap:break-word;">National holiday except in states including Goa, Chandigarh, Bihar, Assam, Sikkim, Punjab, Himachal Pradesh, Arunachal Pradesh, West Bengal, Mizoram, Meghalaya, Manipur, Andaman and Nicobar Islands. </td></tr><tr><td style="border-left:solid #dddddd 0.75pt;border-right:solid #dddddd 0.75pt;border-bottom:solid #dddddd 0.75pt;border-top:solid #dddddd 0.75pt;vertical-align:middle;background-color:#f9f9f9;padding:3.75pt 7.5pt 3.75pt 7.5pt;overflow:hidden;overflow-wrap:break-word;">12 November 2019 (Tuesday) </td><td style="border-left:solid #dddddd 0.75pt;border-right:solid #dddddd 0.75pt;border-bottom:solid #dddddd 0.75pt;border-top:solid #dddddd 0.75pt;vertical-align:middle;background-color:#f9f9f9;padding:0.75pt 0.75pt 0.75pt 0.75pt;overflow:hidden;overflow-wrap:break-word;">Karthika Purnima </td><td style="border-left:solid #dddddd 0.75pt;border-right:solid #dddddd 0.75pt;border-bottom:solid #dddddd 0.75pt;border-top:solid #dddddd 0.75pt;vertical-align:middle;background-color:#f9f9f9;padding:3.75pt 7.5pt 3.75pt 7.5pt;overflow:hidden;overflow-wrap:break-word;">Telangana, Odisha </td></tr><tr><td style="border-left:solid #dddddd 0.75pt;border-right:solid #dddddd 0.75pt;border-bottom:solid #dddddd 0.75pt;border-top:solid #dddddd 0.75pt;vertical-align:middle;padding:0.75pt 0.75pt 0.75pt 0.75pt;overflow:hidden;overflow-wrap:break-word;">Guru Nanak Jayanti </td><td style="border-left:solid #dddddd 0.75pt;border-right:solid #dddddd 0.75pt;border-bottom:solid #dddddd 0.75pt;border-top:solid #dddddd 0.75pt;vertical-align:middle;padding:3.75pt 7.5pt 3.75pt 7.5pt;overflow:hidden;overflow-wrap:break-word;">National holiday excepting in states including Odisha, Mizoram, Meghalaya, Andhra Pradesh, Tamil Nadu, Sikkim, Manipur, Kerala, Karnataka, Goa, Tripura, Puducherry, Daman and Diu, Bihar. </td></tr><tr><td style="border-left:solid #dddddd 0.75pt;border-right:solid #dddddd 0.75pt;border-bottom:solid #dddddd 0.75pt;border-top:solid #dddddd 0.75pt;vertical-align:middle;background-color:#f9f9f9;padding:3.75pt 7.5pt 3.75pt 7.5pt;overflow:hidden;overflow-wrap:break-word;">15 November 2019 (Friday) </td><td style="border-left:solid #dddddd 0.75pt;border-right:solid #dddddd 0.75pt;border-bottom:solid #dddddd 0.75pt;border-top:solid #dddddd 0.75pt;vertical-align:middle;background-color:#f9f9f9;padding:0.75pt 0.75pt 0.75pt 0.75pt;overflow:hidden;overflow-wrap:break-word;">Friday Following Eid e Milad </td><td style="border-left:solid #dddddd 0.75pt;border-right:solid #dddddd 0.75pt;border-bottom:solid #dddddd 0.75pt;border-top:solid #dddddd 0.75pt;vertical-align:middle;background-color:#f9f9f9;padding:3.75pt 7.5pt 3.75pt 7.5pt;overflow:hidden;overflow-wrap:break-word;">Jammu and Kashmir </td></tr><tr><td style="border-left:solid #dddddd 0.75pt;border-right:solid #dddddd 0.75pt;border-bottom:solid #dddddd 0.75pt;border-top:solid #dddddd 0.75pt;vertical-align:middle;padding:0.75pt 0.75pt 0.75pt 0.75pt;overflow:hidden;overflow-wrap:break-word;">Kanakadasa Jayanti </td><td style="border-left:solid #dddddd 0.75pt;border-right:solid #dddddd 0.75pt;border-bottom:solid #dddddd 0.75pt;border-top:solid #dddddd 0.75pt;vertical-align:middle;padding:3.75pt 7.5pt 3.75pt 7.5pt;overflow:hidden;overflow-wrap:break-word;">Karnataka </td></tr><tr><td style="border-left:solid #dddddd 0.75pt;border-right:solid #dddddd 0.75pt;border-bottom:solid #dddddd 0.75pt;border-top:solid #dddddd 0.75pt;vertical-align:middle;background-color:#f9f9f9;padding:3.75pt 7.5pt 3.75pt 7.5pt;overflow:hidden;overflow-wrap:break-word;">16 November 2019 (Saturday) </td><td style="border-left:solid #dddddd 0.75pt;border-right:solid #dddddd 0.75pt;border-bottom:solid #dddddd 0.75pt;border-top:solid #dddddd 0.75pt;vertical-align:middle;background-color:#f9f9f9;padding:0.75pt 0.75pt 0.75pt 0.75pt;overflow:hidden;overflow-wrap:break-word;">Sahidi Diwas S Kartar Singh Sarabha Ji </td><td style="border-left:solid #dddddd 0.75pt;border-right:solid #dddddd 0.75pt;border-bottom:solid #dddddd 0.75pt;border-top:solid #dddddd 0.75pt;vertical-align:middle;background-color:#f9f9f9;padding:3.75pt 7.5pt 3.75pt 7.5pt;overflow:hidden;overflow-wrap:break-word;">Punjab </td></tr><tr><td style="border-left:solid #dddddd 0.75pt;border-right:solid #dddddd 0.75pt;border-bottom:solid #dddddd 0.75pt;border-top:solid #dddddd 0.75pt;vertical-align:middle;padding:3.75pt 7.5pt 3.75pt 7.5pt;overflow:hidden;overflow-wrap:break-word;">23 November 2019 (Saturday) </td><td style="border-left:solid #dddddd 0.75pt;border-right:solid #dddddd 0.75pt;border-bottom:solid #dddddd 0.75pt;border-top:solid #dddddd 0.75pt;vertical-align:middle;padding:0.75pt 0.75pt 0.75pt 0.75pt;overflow:hidden;overflow-wrap:break-word;">Seng Kut Snem </td><td style="border-left:solid #dddddd 0.75pt;border-right:solid #dddddd 0.75pt;border-bottom:solid #dddddd 0.75pt;border-top:solid #dddddd 0.75pt;vertical-align:middle;padding:3.75pt 7.5pt 3.75pt 7.5pt;overflow:hidden;overflow-wrap:break-word;">Meghalaya </td></tr><tr><td style="border-left:solid #dddddd 0.75pt;border-right:solid #dddddd 0.75pt;border-bottom:solid #dddddd 0.75pt;border-top:solid #dddddd 0.75pt;vertical-align:middle;background-color:#f9f9f9;padding:3.75pt 7.5pt 3.75pt 7.5pt;overflow:hidden;overflow-wrap:break-word;">24 November 2019 (Sunday) </td><td style="border-left:solid #dddddd 0.75pt;border-right:solid #dddddd 0.75pt;border-bottom:solid #dddddd 0.75pt;border-top:solid #dddddd 0.75pt;vertical-align:middle;background-color:#f9f9f9;padding:0.75pt 0.75pt 0.75pt 0.75pt;overflow:hidden;overflow-wrap:break-word;">Sri Guru Teg Bahadur Ji’s Martyrdom Day </td><td style="border-left:solid #dddddd 0.75pt;border-right:solid #dddddd 0.75pt;border-bottom:solid #dddddd 0.75pt;border-top:solid #dddddd 0.75pt;vertical-align:middle;background-color:#f9f9f9;padding:3.75pt 7.5pt 3.75pt 7.5pt;overflow:hidden;overflow-wrap:break-word;">Punjab </td></tr></tbody></table> Read also: 
 
 
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 Why knowing bank holidays is important? During public holidays and exclusive bank holidays, banks remain closed and people can only depend on ATMs for withdrawing money. For your financial transactions, you can only depend on the online mode. Hence plan your activities after considering the bank holidays and make your life and business comfortable. Depending on your state in India, you can make your custom list of bank holidays and plan your bank dealings accordingly. See also <a href="https://businessinsider.in/entertainment/news/five-netflix-shows-you-shouldnt-watch-while-eating/articleshow/71818230.cms">Five Netflix shows you shouldn’t watch while eating</a> <a href="https://www.businessinsider.in/business/news/tata-motors-jaguar-land-rover-q2-earnings-bring-good-news-for-auto-industry/articleshow/71802900.cms">Not just Tata Motors, a lot of other companies are excited by Jaguar Land Rover numbers</a> <a href="https://www.businessinsider.in/thelife/personalities/news/meet-pallonji-mistry-indias-oldest-billionaire-who-lost-2-8-billion-in-a-year/articleshow/71818930.cms">Meet Pallonji Mistry, India’s oldest billionaire who lost $2.8 billion in a year</a>

November 2019 bank holidays: Complete list of holidays to plan your month better

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

Bank employees across India, who were supposed to go on strike on January 7, 2015 over the Indian Bank Association’s (<keyword id="50362" type="ORGANIZATION" weightage="20" keywordseo="IBA">IBA</keyword>) stance on wage revision issue, have decided to defer the strike after the IBA decided to raise its stance to 12.5%. Earlier, the IBA had offered 11% salary hike against 23% raise demanded by the United Forum of Bank Unions’ (UFBU, an association of over nine bank employee unions). 
 “IBA has improved their offer to 12.5% raise in salaries. Talks will continue today as well. Hence, we deferred our strikes that were supposed to happen today,” said <keyword id="2603828" type="UNKNOWN" weightage="20" keywordseo="CH-Venkatchalam">CH Venkatchalam</keyword>, general secretary of All India Bank Employee Association (<keyword id="327672" type="ORGANIZATION" weightage="20" keywordseo="AIBEA">AIBEA</keyword>). 
 
However, he added that the bank employees intend to go the four day long strike from January 21 to January 24, 2015 as planned earlier. The employees aim to bring the bank operations to halt for almost a week. “The relay strikes will be across the country and will substantially affect the functioning of the banks all over India as the four day long strikes will be followed by the weekend,” added Venkatchalam. 
 
According to AIBEA, the bank managements have cited decline in profits as a reason for their stance on pay hikes. However, the employees have rejected the claim. 
 
It should be noted that the strike held in the last week of November had massive implication on banking operations across the country. Several ATMs were not working while many banks remained closed due to the strike.

IBA Revises Its Stance To 12.5%, Bank Employees Defer Strike

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

Unhappy with the Indian Bank Association’s (<keyword id="50362" type="ORGANIZATION" weightage="20" keywordseo="IBA">IBA</keyword>), rigidity in the matter of pay hike of bank employees, over nine lakh bank employees will now go on zonal strikes in December, 2014. The IBA is the apex body of all banks operating in the country. 
	 “IBA have stuck to their earlier stand of 11% despite the United Forum of Bank Unions’ (UFBU, an association of over nine bank employee unions) flexibility in scaling down the demand to 23% hike in our salaries. Consequently, the conciliation also ended in stalemate. Hence, relay strikes in December stands. This will be followed by strikes in March,” said <keyword id="2603828" type="UNKNOWN" weightage="20" keywordseo="CH-Venkatchalam">CH Venkatchalam</keyword>, general secretary of All India Bank Employee Association (<keyword id="327672" type="ORGANIZATION" weightage="20" keywordseo="AIBEA">AIBEA</keyword>) to BI India. The AIBEA is the largest as well as the old bank employee association with nearly 5 lakh employees as members. 
	 
	The bank employees had held a mass strike on November 12, 2014 as a response to IBA’s stand on wage redistribution. “The strike was a befitting reply to the rigid approach of the IBA. Two years are over and even though 14 rounds of negotiations have taken place, the talks have not concluded as the Indian Banks’ Association is not coming forward to reach an amicable settlement,” said Venkatchalam in an internal letter to the AIBEA members. 
	 
	According to AIBEA, the bank managements have cited decline in profits as a reason for their stance on pay hikes. However, the employees have rejected the claim. 
	 
	The strike held last week had massive implication on banking operations across the country. Several ATMs were not working while many banks remained closed due to the strikes. This time, the employees will go on protests on December 2, 2014 in southern region, December 3 in the northern region, followed by strikes in eastern and northeastern region on December 4, 2014. Protests will be held on December 5, 2014 in the western region of the country. “If the matter is not resolved then these will be followed by more strike actions including indefinite strike,” stated Venkatchalam.

Indian Bank Employees To Go On Strikes Over Salary Issues

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

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

<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

Mumbai, Jan 31 () Bank employee unions went on a two-day strike on Friday to press for wage revision and other demands, hitting services like cash deposits, withdrawals and cheque clearances across the country.
 All India Bank Employees' Association claimed that around 31 lakh cheques amounting to Rs 23,000 crore remained uncleared across the country on the first day of the strike. 
 Various bank branches were closed in many parts of the country affecting services like cash deposit, withdrawal, cheque clearances, instrument issuance and loan disbursement. 
 ATMs of many banks across major parts of the country went dry, causing trouble to people on the last day of the month. 
 "In the clearing grids in Mumbai, Chennai and Delhi, about 31 lakh cheques worth about Rs 23,000 crore could not be cleared due to the strike," All India Bank Employees' Association (AIBEA) general secretary C H Venkatachalam said.
 Close to 10 lakh bank employees and officers of various public sector banks, some old generation private banks and a few foreign banks are on a two-day strike, starting Friday, after the negotiation on wage revision under 11th bipartite settlement failed, unions said. 
 However, private sector lenders like ICICI Bank and HDFC Bank were operational.
 On Saturday, bank branches will continue to remain closed, adding to woes of the public on the salary day.
 With this strike, banks would be closed for three days including Sunday. Banks will open only on Monday, February 3. 
 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).
 UFBU decided to go on strike after its discussion with Indian Banks Association (IBA) on wage revision failed in the recent round of negotiations held on Thursday.
 During discussions, the IBA on Thursday improved their offer to 12.5 per cent, but this was not acceptable, the unions said. 
 "The bank managements and IBA did not come forward to settle the demands with a reasonable increase in salary looking to inflation and heavy workload on the employees," UFBU said.
 However, the 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.
 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.
IBA also rejected the unions demand for five-day banking saying, "It is known to all that the economy of the country is going through testing times. Banks being the principal players in economic development, cannot afford to provide lesser number of working days for banking activities."
 The banking lobby said the country already has one of the highest numbers of public holidays and adding 26 more holidays would create more problems for the public.
 "IBA is claiming five-day banking is not possible due to the tough economic situation in the country. Then how RBI, Department of Financial Services (DFS), NCLT, Central Vigilance Commission (CVC) and other central and state departments are working for five days in a week? Are these institutions not worried about the economic slowdown?" asked a section of agitating bankers. HV MR
MR

Bank employees unions go on 2-day strike; troubles likely on salary day

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

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