The record
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- Public sector and regional rural banks will remain operational on Sunday, September 27, to mitigate the impact of an upcoming nationwide strike.
- The United Forum of Bank Unions plans to hold a three-day strike starting September 28 to demand a five-day work week and the withdrawal of a Performance Linked Incentive scheme.
- The government has suspended the Performance Linked Incentive scheme in an effort to address union concerns.
- This move aims to prevent disruptions to essential banking services during the proposed labor action.
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Finance Ministry
2 quotes · 1 outlet
“In view of the proposed three-day nationwide bank strike called by the United Forum of Bank Unions (UFBU) from September 28 to 30, coinciding with the preceding weekend holidays of September 26 and 27, the government has taken proactive steps to safeguard the banking needs of citizens,”
In the article
…by bank employees, the Finance Ministry said on Wednesday. The United Forum of Bank Unions (UFBU) has called for a nationwide strike from September 28 to 30, which follows the weekend holidays on September 26 and 27. “ In view of the proposed three-day nationwide bank strike called by the United Forum of Bank Unions (UFBU) from September 28 to 30, coinciding with the preceding weekend holidays of September 26 and 27, the government has taken proactive steps to safeguard the banking needs of citizens, ” the Finance Ministry said in a statement. The Reserve Bank of India (RBI) has approved the opening of all bank branches, offices, ATM-linked branches and currency chests on September 27. The Finance Ministry said the…
“Given that most concerns of the Unions have been substantially addressed, that the remaining demand continues to be examined, and that the Government continues to proactively introduce welfare measures for the banking workforce, bank employees are urged to refrain from resorting to strikes, work towards resolving issues through dialogue, and ensure that banking services remain uninterrupted,”
In the article
…by the unions, the government, after detailed discussions, decided to keep the PLI scheme in abeyance. According to an earlier Finance Ministry statement, the move addressed one of the two main demands of the unions. “ Given that most concerns of the Unions have been substantially addressed, that the remaining demand continues to be examined, and that the Government continues to proactively introduce welfare measures for the banking workforce, bank employees are urged to refrain from resorting to strikes, work towards resolving issues through dialogue, and ensure that banking services remain uninterrupted, ” the Finance Ministry said.…
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Named India · Finance Ministry · United Forum of Bank Unions
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