United Forum of Bank Unions is the apex trade union forum consisting of 9 Bank Unions viz. AIBEA, AIBOC, NCBE, AIBOA, BEFI, INBEF, INBOC, NOBW and NOBO represent nearly one million bank employees and officers working in the various Banks.
UFBU has given a call for nationwide agitation and two days of a continuous nationwide strike in the banking sector on 24th & 25th March 2025, to protest against the inaction and lack of initiative of the Government to resolve and address the under-noted issues pending resolution for a long. We also oppose the adoption and implementation of various policies by the Government or its representative Bank management which are considered detrimental to the interest of the Bank employees and the nation at large.
We demand immediate resolution of the following demands which remain to be addressed for a long:
- Adequate recruitment in all cadres regularises all temporary employees
- Implementation of 5 Day Work Week in the Banking Industry
- Immediate withdrawal of the recent DFS 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 the unruly banking public.
- Fill up the post of Workmen/ Officer Directors in PSBs.
- Resolution of residual issues pending with IBA
- Amend the Gratuity Act to increase the ceiling to Rs 25 lacs on the lines of the 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. Management to bear the same.
- Maintain a minimum of 51% of Equity Capital in IDBI Bank by Government.t
We oppose the following policy adoption or implementation by the Government or its representative Bank management:
- Micromanagement of PSBs by DFS on policy matters affecting service conditions of employees and officers and undermining bilateralism.
- Outsourcing permanent jobs in Banks
- Unfair Labour Practices in the Banking Industry.
Having failed to resolve the aforesaid issues through all peaceful and bilateral means, we have been compelled to organize a nationwide agitation, including Strike action on 24th and 25th March 2025, under the banner of UFBU. We seek the support of the people at large for our agitation and demand.
