The All India Bank Officers’ Confederation has called for a bank strike that has hit consumers of public sector banks across India today.
Supported by around 3.2 lakh officers from public sector banks, they have two demands – revision of salaries with immediate effect and cancellation of the merger of the state-owned Bank of Baroda, Dena Bank and Vijaya Bank.
United Forum of Bank Unions (UFBU) has also called for another strike on Wednesday, December 26. Effectively, banks will be closed for five days including weekend holidays and Christmas. ATM services may also be affected on December 26, which will also involve private banks. UFBU is also asking for pay revisions of employees from scale 1-7, which has been pending since November 1, 2017.
Ravinder Gupta, joint general secretary, All India Bank Officers’ Confederation said, “We have demanded wage revision based on the minimum wages formula without linking to profits or paying capacity.” But so far, only some banks have written to India Banks’ Association for negotiation of salaries of officers upto Scale 3.
According to AIBOC general secretary Soumya Datta, “The IBA is also not coming forward to structure the 11th bipartite wage negotiations based on our charter of demands by discussing the wage revision for officers from scale 1-7 and also based on the concept of minimum wages as envisaged in the seventh Central pay commission report.”
Bank unions are also apprehensive about the potential job losses and potential dominance of private sector as a result of the merger of the three public sector bank.