The United Forum of Bank Unions (UFBU), a joint organization of 9 bank employee unions, has called for a strike for two consecutive days in the month of March. Work may be affected on 24 and 25 March.
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Bank Strike: Bank unions have called for a two-day nationwide strike from March 24 over various demands including a five-day working week and adequate recruitment in all cadres. The strike called by the United Forum of Bank Unions (UFBU), an umbrella body of nine bank employees’ unions, also aims to fill the posts of employee/officer directors in public sector banks (PSBs).
UFBU said in a statement on Friday that after due discussion and deliberation, it has been decided to launch an agitation program with a two-day consecutive strike on March 24 and 25, 2025. Apart from this, UFBU has demanded immediate withdrawal of the recent instructions of the Department of Financial Services (DFS) on performance review and performance-based incentives, which ‘threaten job security and create division among employees.’
The UFBU alleged that the DFS’s micro-management of public sector banks on policy matters has weakened the autonomy of the board. It also demanded resolution of pending issues with the Indian Banks’ Association (IBA) and amendment of the Gratuity Act to increase the limit to Rs 25 lakh on the lines of the government employees’ scheme and exemption from income tax.
The members of UFBU include All India Bank Employees Association (AIBEA), 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).
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