The Bank strike of the United Forum of Bank Unions (UFBU) between March 24 and 25 disturbing a 5-day work week for the banking sector and regularisation of temporary employees has been postponed indefinitely. The declaration of the postponement of strike got here on Friday after discussions among the leader work commissioner and other events.
UFBU, a coalition of 9 bank unions, introduced on March 13 a national-extensive strike among March 24 and 25 after negotiations with the Indian Banks’ Association (IBA) didn’t solve key problems. As the strike is now postponed, customers are in doubt if banks are open or closed.
Bank strike: Open Or Closed Today?
With the call-off of the strike, banks across India will open today, Monday, March 24. There isn’t any bank holiday today as according to RBI’s holiday under negotiable gadgets act. Thus, bank branches will open and function without any drawback.
Key Demands Behind the Strike
L Chandrasekhar, General Secretary of the National Confederation of Bank Employees (NCBE), outlined numerous urgent problems during Bank strike that are still unaddressed regardless of a number of discussions with the IBA:
- Staff Shortages: Urgent recruitment across all cadres to manage workload efficiently.
- Board Representation: Appointment of workmen and officer administrators in public sector banks.
- Job Security Concerns: Rollback of performance analysis and incentive regulations introduced by the Ministry of Finance’s Department of Financial Services (DFS), which unions argue threaten employment stability.
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