Kohima, June 21 (MExN): The United Forum of Bank Unions (UFBU) has called a joint protest and one day nationwide strike on July 7. The main issues and demands of the UFBU includes; protest against the hike of petrol prices, do not privatize public sector banks, do not reduce government’s equity in public sector banks, Do not avail World Bank loan to capitalize public sector banks, do not proceed with merger of banks including the associate banks with SBI, Do not allow unrestricted entry of foreign capital in banking sector, Do Not delete Section 12 (2) of banking Regulation Act, Do not remove the ceiling on voting rights of foreign investors, do not issue licence to industrial houses to start their own banks, do not outsource permanent banking jobs and normal banking services, do not proceed with the scheme of private business correspondents, do not violate provisions of bipartite settlement on outsourcing, review BSRBs recruitment of staff in public sector banks, Provide adequate staff in banks through recruitments to maintain and improve customer services.
It also demands implementation of compassionate appointment, financial compensation scheme as finalized between IBA & UFBU, issue revised uniform guidelines on house building loan, vehicle loan and festival advance to bank staff, implement 5 day banking, regulate and define working hours of bank officers, improve pension scheme in banking sector on the lines of central government scheme- updating of pension along with wage revision of in service employees, uniform DA neutralization, improvement in commutation, family pension, ex-gratia of pre- 1986 retirees, etc.
It also demands withdrawal of government’s arbitrary instructions to banks not to improve, amend any service condition without their permission and Scrap Khandewal Committee recommendations.
This was stated in a release issued by A. Lolly Moses, secretary, IFBU.
It also demands implementation of compassionate appointment, financial compensation scheme as finalized between IBA & UFBU, issue revised uniform guidelines on house building loan, vehicle loan and festival advance to bank staff, implement 5 day banking, regulate and define working hours of bank officers, improve pension scheme in banking sector on the lines of central government scheme- updating of pension along with wage revision of in service employees, uniform DA neutralization, improvement in commutation, family pension, ex-gratia of pre- 1986 retirees, etc.
It also demands withdrawal of government’s arbitrary instructions to banks not to improve, amend any service condition without their permission and Scrap Khandewal Committee recommendations.
This was stated in a release issued by A. Lolly Moses, secretary, IFBU.
