Bank Unions

If the proposal gets IBA's nod, it will be sent to the finance ministry and subsequently to the Reserve Bank of India's (RBI) for approval

Another round of talks is scheduled to be held on January 31 between the Indian Banks Association (IBA) and the bank unions to iron out the issues

The decision was taken at a meeting of UFBU held in Mumbai on Thursday

Banks notices say normal services could get affected but they are taking action to keep work going

The All India Bank Officers' Confederation (AIBOC) has alleged violation of HR practices by foreign lender Standard Chartered Bank and submitted a detailed memorandum requesting the bank's CEO for immediate remedial measures. The union also alleged that the bank is delaying in recognising Association of Standard Chartered Bank Officers (Kolkata) ASCBO despite several reminders. The right to form association/union is a fundamental right enshrined under Article 19 (1) (C) of the Constitution of India, and any attempt to disavow and thwart the fundamental rights of members of ASCBO will not be condoned by AIBOC, the memorandum said. "The obsolete pay scales and the unsettled service conditions beckons for an overhaul...it is imperative to approve fair and appropriate service conditions for the officers, in consonance with the industrial norms and practices," it said. AIBOC general secretary Soumya Datta urged the management of Standard Chartered Bank to initiate dialogue with the ASCB

Submit charter of demand for wage revision as part of 12th bipartite settlement

The Maharashtra State Bank Employees Federation (MSBEF) on Monday opposed 'loan melas' organised by state-owned banks, saying that credit granted without much diligence at such events lead to pile-up of non-performing assets. Such 'melas' add to the retail Non-Performing Assets (NPAs) for the lenders as the loans are granted without much diligence, MSBEF said in a statement. The statement comes on a day when Union minister of state for finance Bhagwat Karad is attending one such mela in Maharashtra's Aurangabad, where public sector lenders are targeting to distribute Rs 2,900 crore of loans. Stating that past experience suggests borrowers stop repayments for such loans, the MSBEF said, no political party helps in the loan recovery process. "The same political parties demand for waiver of those loans so as to appease voters" during elections, it said, adding that such events vitiate the recovery atmosphere. Public sector banks are put into crisis through NPAs, and the same is used

They say no benefits were seen from previous rounds

As per the agreement with IBA, the negotiation talks on various pending issues would begin on July 1

United Forum of Bank Unions convener Mahesh Mishra on Thursday said the government wants to pass the Banking Reforms Bill in the current session of Parliament, paving the way for privatisation

The All India Bank Officers' Confederation (AlBOC) on Wednesday extended its support to the 'Bharat Bandh' called by Samyukta Kisan Morcha on September 27

Bank unions have asked the finance ministry to initiate measures such as reducing banking days and allowing branches to work with minimum staff to protect employees from coronavirus infection.

The measure was first announced during February policy meet of RBI, but the guidelines were to be issued by March

The finance ministry, in a statement, said all private sector banks can now participate in government-related businesses like collection of taxes, pension payments and small savings schemes

Bank unions on Friday staged protest in all the state capitals

Three leading coronavirus vaccine developers -- Pfizer Inc and AstraZeneca Plc and Bharat Biotech -- have applied for emergency use authorisation in India.

Bank unions said they will not participate in the 'Bharat Bandh' on Tuesday, even as they expressed solidarity with farmers protesting against the new farm laws.

The All India Bank Employees'' Association (AIBEA) in a statement said the government should come forward and resolve their demands in the interest of the nation and farmers

Bank union AIBEA has urged RBI governor Shaktikanta Das to intervene into the affairs of Dhanlaxmi Bank which it alleged is "heading into wrong direction". The All India Bank Employees' Association (AIBEA) in a letter to the RBI governor has claimed that the bank is looking to change its business profile, expand network in northern India and hire senior people on contractual basis at high remuneration which could land it into problems. The bank returned to profits two years ago after posting losses for five years, the AIBEA noted in the letter. Few years ago, particularly around 2008 to 2012, this bank was facing a lot of problems regarding its performance and was making losses. It made losses of more than Rs 850 crore during that period, the AIBEA said in the letter to Das. In the name of modernising the bank, the then top management of the bank brought it to serious problems and virtual mess. With the intervention of the RBI, change in top management, strengthening its capital b

The United Forum of Bank Unions (UFBU) on Thursday wrote to Maharashtra Chief Minister Uddhav Thackeray raising concerns over threats and physical assault against bank officials in the state. In the letter, the unions said employees of IDBI Bank were recently manhandled in Nashik and Malkapur in Buldhana district and requested the chief minister to take immediate action. "It is observed that at various places, so-called social and political workers are threatening, abusing and manhandling bank officials so as to pressurise them for sanctioning and disbursement of loans otherwise than on merits," the Forum wrote in the letter. The unions urged the chief minister to issue advisory to police authorities to take serious note of such incidents and to take immediate action to prevent such instances in future. Employees and officers of all the banks are already working under pressure because of the COVID-19 pandemic. Additionally, they are also burdened with sanction and disbursement of c