The All India Financial institution Officers’ Confederation has threatened to go on a nationwide strike on February 24-25. A steering committee, together with state-run banks and personal lender IDBI Financial institution, has been arrange.
“The group has been shaped to insulate the banking system in opposition to all uncertainties, together with strikes,” mentioned the official, who didn’t want to be recognized, including that the transfer was not particularly associated to the announcement relating to the proposed February strike.
A financial institution government mentioned on the situation of anonymity, “There’s a disaster administration plan (CMP) and this new steering committee may even work together with particular person banks to formulate SOPs primarily based on their geographical presence and different important installations.”
Disaster administration plan for nationwide financial institution strikes
The important thing parts of the CMP will embrace replenishment of ATMs and department companies, in addition to making certain no disruption to on-line companies. If the financial institution officers’ union proceeds with the deliberate strike, lenders will successfully stay closed for 4 consecutive days.Union calls forThe strike will result in banks not working on February 22 (vacation on account of fourth Saturday) and February 23 (Sunday), adopted by the proposed two-day strike. The final profitable strike for state-run banks was a two-day strike in December 2021, when greater than 900,000 staff had protested in opposition to authorities plans to privatise public sector banks.
The AIBOC has demanded implementation of a five-day work week within the banking business and rapid withdrawal of the latest directives by the Division of Monetary Companies (DFS) on efficiency evaluation and performance-linked incentives. The affiliation says these threaten job safety, create division amongst staff, and undermine state-run banks’ autonomy.