United Forum of Bank Unions (UFBU), the joint co-ordination body of 9 bank unions representing more than 8 lacs of employees and officers in Public Sector Banks, Private Sector Banks, Foreign Banks, Co-op. Banks and Regional Rural Banks, has called for 48 hours of continuous All India Bank Strike from the midnight of 23rd March to midnight of 25th March, 2025.
The nationwide bank strike is being called after the Government of India has failed to address its demands and issues, a press release from Convenor UFBU Nagaland State informed.
The demands of the UFBU includes:
- Adequate recruitment in all cadres, regularise all temporary employees
- Implementation of 5 Day work per week in Banking Industry
- Immediate withdrawal of the recent DFS/Govt. directives on performance review and PLI, which threaten job security, create division and discrimination amongst employees and officers, violate the 8th Joint Note, and undermine PSB’s autonomy
- Safety of Bank Officers/ Staff against the assault/ abuses by unruly banking public.
- Fill up the post of Workmen/ Officer Directors in PSBs.
- Resolution of residual issues pending with IBA
- Amend Gratuity Act to increase the ceiling to Rs 25 lacs on the lines of Scheme for government employees along with exemption from income tax
- Do not recover income tax on staff welfare benefits given to employees and officers on concessional terms. Managements to bear the same.
- Maintain a minimum of 51% of Equity Capital in IDBI Bank by Government
- Stop Micromanagement of PSBs by DFS on policy matters affecting service conditions of employees
and officers and undermining bilateralism.
- Stop Outsourcing permanent jobs in Banks
- Stop Unfair Labour Practices in Banking Industry.
