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Banking operations came to standstill in Souty
Narendra Ch | 02 Dec 2014

Banking operations came to standstill in the Southern states on Tuesday as employees of all nationalized banks went on strike responding to the call given by UFBU (United Forum of Bank Unions) for the Southern Zone Strike demanding immediate settlement of wage revision.

Several bank employees including officials and clerk cadre staff, staged protest demonstration in front of banks, particularly at regional and circle offices, decrying the injustice being meted out to them and flaying the adamant attitude of the Indian Banks Association (IBA), which is holding talks on the behalf of the Government

The agitating employees deplored that since last 25 months, there has been no settlement of wage revision, which was supposed to have happened on November 1, 2012 itself. Charter of demands were also submitted six months prior to November, 2012 as per norms.

The bank employees have been demanding a 25 percent hike in the wages, while the Government had proposed 11 percent. The other demands of the UFBU include implementation of five day week working in the banks, regularisation of work hours of bank officer.

 UFBU, which constitutes 9 bank unions including  AIBOC, AIBOA, NCBEm AIBEA and BEFI has a strong strenght of 10 lakh members and all of them are participated n the strike. Instead of going for all India Strike for one day as they had done on November 12, UFBU decided to go for strike in phased manner.

The Southern Zone has gone on strike on Tuesday, while on December 3 Northern Zone will go for strike, followed by East and West Zones on following two days. It is first time such a strategy of protest has been adopted by the bank unions.