Public sector bank officers on strike, protest Vijaya-Dena-Bank of Baroda merger, seek wage hike
Around 3.20 lakh officers from various state-run banks are a one-day strike on Friday seeking immediate wage revision and opposing the proposed merger of Vijaya Bank and Dena Bank with Bank of Baroda.
Mumbai: Around 3.20 lakh officers from various state-run banks are a one-day strike on Friday seeking immediate wage revision and opposing the proposed merger of Vijaya Bank and Dena Bank with Bank of Baroda.
The union also wants the wage revision, which is pending since 1 November, 2017, for employees from scale 1-7.
Bank managements have mandated the industry lobby Indian Bank Association (IBA) to negotiate for scale 1-3.
"The IBA is also not coming forward to structure the 11th bipartite wage negotiations based on our charter of demands by discussing the wage revision for officers from scale 1-7 and also based on the concept of minimum wages as envisaged in the seventh Central pay commission report," All- India Bank Officers Confederation (AIBOC) general secretary Soumya Datta said.
He said after 13 months of negotiations between the unions and IBA, the latter has offered a wage revision of 8 just percent. In the past wage settlement, which was for the period 1 November, 2012 to 31 October, 2017, the employees got a 15 percent hike.
The IBA has also offered a variable pay based on the operating profit and return on assets.
"Most banks are in losses due to large NPAs but for this an employee can't be held responsible," Datta said.
The union is also opposing the proposed merger Vijaya Bank and Dena Bank with Bank of Baroda, saying this will not help the merged entity to tackle any of the problems it is facing, including the NPA menace.
Meanwhile, the United Forum of Bank Unions has called for one-day strike on 26 December to protest against the proposed merger.
This union is an umbrella body of nine unions, including All-India Bank Officers Confederation, All-India Bank Employees Association and the National Organisation of Bank Workers among others.
States are on high alert and have mobilised security personnel to ensure that no untoward incident takes place as several organisations have called for a nationwide bandh over the short-term contractual recruitment programme Agnipath
The finance minister would take stock of credit growth, asset quality, and business growth plan of banks, sources said, adding non-performing assets (NPAs) of Rs 100 crore and the recovery status would also be discussed