00:00Banking services across the country may be shut down on March 24 and 25.
00:05The United Forum of Banking Unions, or UFBU, has called for a two-day national strike.
00:11The bank unions are actually protesting against the stabilization of contract employees and
00:16five-day working in the banking system.
00:20The UFBU, which represents nine major bank unions, announced a strike on March 13.
00:28This decision was taken after the failure of the talks with the Indian Bank Association, i.e. the IBA.
00:34According to NCBE Chief Elchandra Shekhar, the main demands behind the strike are as follows.
00:43All cadres must be filled.
00:45This has been asked to remove the shortage of staff in the banking sector.
00:49In the public sector, bankers will have to fill the workmen and officer director designations.
00:54The Ministry of Finance will also have to take back the exhibition fees, which may affect the security of the employees' jobs.
01:02Micro-management has also been opposed because the Unions Department of Financial Services, i.e. DPS,
01:09is opposing more interference, which affects the autonomy of the bank boards.
01:14After that, the amendments go under the Gratuity Regulation.
01:17Actually, the limit of Gratuity has been asked to be increased to 25 lakhs so that it can be equal to the benefits of government employees.
01:24Gratuity has also been asked to be exempted from income tax.
01:28Performance-based incentive plans and reviews are also being opposed because this can increase uncertainty among employees.
01:37Now, if we talk about what will be the impact of this strike, then if the strike continues,
01:43it can affect banking services across the country, check clearance, cash loans, and other bank-related work.
01:51Now, if we talk about which unions are included in the UFBU, i.e. United Forum of Bank Unions,
01:57then AIBEA, i.e. All India Bank Employees Association, AIBOC, All India Bank Officers Confederation,
02:05NCBE, National Confederation of Bank Employees, AIBOA, All India Bank Officers Association,
02:12BEFI, Bank Employees Federation of India, INBEC, Indian National Bank Employees Congress,
02:18INBOC, Indian National Bank Officers Congress, NOBW, National Organization of Bank Workers,
02:25and NOBO, i.e. National Organization of Bank Officers.
02:29So, these 9 unions are included in the UFBU, i.e. United Forum of Bank Unions.
02:35And United Forum of Bank Unions has announced this strike.
02:40So, if you also want to solve the work of the bank, then do it before 24th and 25th March,
02:46so that you don't have to face any problems.
02:48What is your opinion on this video?
02:50Give us your opinion in the comment box and don't forget to share this video as much as possible.
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