Unrest among employees is likely to affect public sector banking system in future, according to various associations which joined hands together despite their ideological differences. As part of the long term agitations, the bank employees will observe strike on Wednesday across the country.
Various associations such as Bank Employees Federation of India, All India Bank Employees Association, All India Bank Officers’ Association, All India Bank Officers’ Confederation and other organisations formed a common platform in the name of United Forum of Bank Unions to seek better wage revision and working conditions.
ProfitState Bank of India Staff Union-Vizag wing Assistant General Secretary R. Narendra, BEFI working committee member M. Srinivasa Rao told media that the banks could register 4.82 lakh crore trade profit in last few years with expansion of banking activities across the country. Each employee used to register Rs. 5.21 crore business in 2007 and it went up to Rs.12.13 crore, indicating the robust business of all public sector banks in the country, according to them.
Mr. Srinivasa Rao said the bank employees should be given 25 per cent wage revision if work load and inflation were taken into consideration. Mr. Narendra said the employees would observe strike and other agitations in November and January as Indian Banks Association failed to listen to the grievances of staff.
“Compared to private banks, public sector banks are providing commendable service to rural area. With the expansion of activities, business has gone up drastically. We don’t understand why IBA rejected our legitimate demands,” they added.
All the association leaders held a meeting in Srikakulam on Tuesday. They chalked out an action plan to make Wednesday’s strike as a grand success. The leaders urged customers to cooperate with them saying that their struggle would protect public sector banks in the country.
