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Banks To Go On A Strike on September 26 and 27

The unions are opposing the amalgamation and merging of all nationalised banks and have put forward the following demands:

Banks To Go On A Strike on September 26 and 27
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Bank unions like All India Bank Officer’s Confederation (AIBOC),  All India Bank Officer's Association (AIBOA) Indian National Bank Officer's Congress (INBOC) and  National Organisation Of Bank Officers (NOBO) recently wrote a strike notice to the chairman of Indian Bank Association which is located in Cuffe Parade's World Trade Centre.

The notice states that all the nationalised banks will go on a strike on September 26 and 27. However, as the next day i.e. September 28 is the 4th Saturday of the month followed by a Sunday, the banks will be closed for 4 days.  

Also Read: Amidst Economic Slowdown, Sensex Tanks Down By 769 Points

The unions are opposing the amalgamation and merging of all nationalised banks and have put forward the following demands: 

1. Expeditious Wage revision as per Charter of Demands, with an unconditional and clear Mandate from all banks

2. Immediate introduction of 5 day week in full, Reduction of cash transaction hours and regulated working hour.

3. Halting of undue interference in the existing procedure of Vigilance cases by outside agencies, under provisions of amendedSec.17(A) of Prevention of Corruption Act, 2018. 

4. Settlement of issues pertaining to retirees-Updation of Pension as per RBI formula/Revision of Family Pension without any ceiling, quantum and percentage; Medical Insurance at par with serving employe

5. Adequate recruitment

6. Scrapping NPS and reintroduction of Defined Pension Payment Scheme.

7. Reduction of service charges for customers 9 Stopping of harassment of Officers under specious plea of non-performance.

Also Read: SBI's Existing Debtors Might Benefit From Reduced Loan Rates

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