Aibea

Bank strike deferred by AIBEA after meeting with labour commissioner

The IBA and the bank managements have agreed to resolve the issues that resulted in the calling for a strike bilaterally with AIBEA

Chief labour commissioner to meet bank unions on proposed Nov 10 strike

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

No benefits from consolidation of state-owned banks: Bank unions

They say no benefits were seen from previous rounds

Public sector banks shut down 2,044 branches in FY22, says AIBEA report

Indian government-owned banks saw a reduction of 2,044 branches and about 13,000 employees in 2022 over the previous year, a major bank employees union said in Sunday.

Public sector bank unions plan strike on June 27 over pension, govt policy

Employees of public sector banks on Wednesday threatened to go on strike on June 27 to press for issues related to pension and the demand for five-days-a-week work. The United Forum of Bank Union (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), decided to go on strike. Their demands included updation and revision of pension for all pensioners and doing away with the national pension scheme and restore old pension scheme for all bank employees, AIBEA general secretary C H Venkatachalam said after the meeting of UFBU. AIBOC General Secretary Soumya Dutta said that about 7 lakh workers across the country would participate in the strike, if the government and management of banks are insensitive to the unions' demands. Banking operation may be impacted if the strike materalises.

Banking sector strike successful as several branches remain closed: AIBEA

The first day of the two-day strike in the banking sector was successful with several branches across the country remaining closed, said All India Bank Employees' Association (AIBEA)

Mar 28-29 nationwide strike may partially impact banking services

Strikers demands include scrapping of labour codes, no privatisation of any form, scrapping of National Monetisation Pipeline

RBL Bank depositors protected, unanswered questions remain: AIBEA

'Section 45 of the Banking Regulation Act gives the depositors the necessary protection'

RBL: 'Cats cannot morph themselves into lions, tigers,' says AIBEA official

Urging government to intervene and look at measures to merge the RBL Bank Ltd with a public sector bank, a top leader of AIBEA said that cats cannot morph into lions and tigers of juggle overnight.

Look into RBI's culpability in Lakshmi Vilas Bank's failure: AIBEA

The bank employees' body said the merger of LVB with the Indian subsidiary of a Singapore-based bank is goes against the Centre's 'Aatmanirbhar Bharat' policy.

Bank Employees' Association wants LVB to be merged with a PSU bank

RBI's role should be thoroughly probed, says AIBEA

DBS faces potential culture clash as it takes over Lakshmi Vilas Bank

The plan will accelerate Singapore-based DBS's expansion ambitions in India and potentially transform it from a largely digital bank in the country to one with hundreds of branches

Bank employees union seeks RBI intervention in Dhanlaxmi Bank affairs

The bank reported highest profit in nine decades in FY20 at Rs 65 crore

Don't decriminalise, fix financial limits for cheque bounce: Bank union

The risk of imprisonment for actions or omissions that aren't necessarily fraudulent or the outcome of mala fide intent is a big hurdle in attracting investments

Hold RBI accountable, bring YES Bank under govt control, says AIBEA

The AIBEA said that people's money should be for people's welfare and not for private loot

Pressure on RBI to transfer reserve endangers economic stability: AIBEA

The association's chief says RBI is now maintain the reserve at the lower band of 5.5% instead of at the higher band of 6.5%, leaving little room for it to meet unforeseen contingencies

Wilful defaulters owe banks Rs 58,792 crore, says AIBEA

The gross NPAs in public sector banks stood at Rs 5.39 lakh crore

AIBEA names Kingfisher Airlines, Winsome Diamonds among willful defaulters

In all 5,610 accounts blocked over Rs 58,000 crore of banks, says association