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All you need to know about the bank strike on February 28

  • All nationalised banks will not function on Tuesday
  • Their demands include compensation to staff for working extra during demonetisation
  • Delay in services expected even in handful private banks operating on Feb 28
Bank strike February 28 demonetisation private banks to work complete detail

 

The bank strike has also been convened demanding compensation to employees and officers for extra hours of work they put in following announcement of demonetisation in November and during initial process of next wage revision of bank employees. The bank staff has also demanded adequate recruitment in all cadres, strict measures to recover bad loans and accountability of top executives. Besides, they have sought criminal action against wilful defaulters.

 

Bank strike February 28 demonetisation private banks to work complete detail

 

All groups of the State Bank, Corporation Bank, Canara Bank, IDBI Bank, SBM, Punjab National Bank, Bank of Baroda, Karnataka Bank and all the associated banks will take part in the strike. Thus 90% of the banking business will see a halt on Tuesday. However, ICICI, HDFC, Axis, Kotak Mahindra and other private banks will function. But delay is expected in services in these banks too.

 

The UFBU is an association of nine unions. However, among the nine unions, the Bharatiya Mazdoor Sangh affiliates — National Organisation of Bank Workers and National Organisation of Bank Officers will not take part in the strike but will extend support from outside.

 

More than 10 lakh bank staff will take part in the strike.

 

Bank strike February 28 demonetisation private banks to work complete detail

 

Demands

1)    Amandement to Rs 20 lakh Gratuity Act

2)    Withdraw tax on gratuity, revise salaries of IDBI Bank staff

3)    Do not merge associate banks with State Bank of India

4)    Compensation to bank employees for working extra during implementation of demonetization

5)    No to new Labour Law

6)    Hold higher officials responsible for non-repayment of loans

7)    Do not increase the number of staff appointed through outsourcing

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