The All India Reserve Bank Employees Association has expressed shock over the resignation of central bank governor Urjit Patel, saying one of the trigger points could be a transfer of reserves to the government.
Bank unions plan strike on 26 December against BoB-Vijaya-Dena merger; govt, banks to go ahead with decision
All unions under UFBU will participate in this strike call, said Ashwani Rana, vice president of the National Organisation of Bank Workers.
Opposing the probable majority stake sale by the government in IDBI Bank to LIC, bank union AIBEA has asked the Centre not to go back on its commitment on the debt-laden bank, and retain at least 51 percent stake
Bank employees’ union urges RBI to revoke lending restrictions on Dena Bank; curbs part of corrective action
In view of high non-performing assets (NPAs), the Reserve Bank of India (RBI) last month had initiated prompt corrective action (PCA) against Dena Bank, restricting the lender from giving fresh credit and conducting new hirings.
Bank services impacted as over a million employees go on 2-day strike; salary withdrawals to be affected
Banking activities in public sector banks across the country have been interrupted as employees go on two-day nation-wide strike against the meagre two percent salary hike offered by the management - Indian Banks Association.
State-owned banks on two-day nationwide strike from 30 May, confirms union; ATMs, salary could be hit, but no reason for panic
Apex bank union AIBEA boss C H Venkatachalam warns of likely cash crunch on Wednesday, Thursday #BankStrike #ATMs #CashCrunch #2DayBankStrike
Scam hit Punjab National Bank (PNB) on Tuesday posted largest ever quarterly loss of Rs 13,416.91 crore for January-March period, mainly on account of high provisioning for bad loans.
AIBEA said taking moral responsibility, the current MD of PNB should also keep himself away from PNB till the probe into the alleged scam is over
Employees of public sector banks have threatened to go on two-day nation-wide strike from 30 May against "a meagre" 2 percent hike offered by the management body, Indian Banks' Association (IBA)
Wage revision talks between the United Forum of Bank Unions (UFBU) -- an umbrella body of bank unions -- and IBA representing various banks held in Mumbai on Saturday ended in a failure
Cash crunch: SBI doubting 'genuity' of problem is illogical; the currency shortage is not a made-up story
SBI's stand on the cash crunch disregards ground realities. The bank's economists are probably playing to the government's tune.
The All India Bank Employees' Association (AIBEA) on Thursday demanded Reserve Bank of India Governor Urjit Patel quit as the central bank is grossly negligent on several issues, including the cashless ATMs across the country
The so-called "bail-in" clause in the draft FRDI Bill has been commented upon by experts as of bringing potential harm to deposits, in the form of savings accounts
Govt's Rs 2.11 lakh cr capital infusion in banks only short term solution, says bank employees union
Govt to take stringent measures to recover bad loans and declare wilful default as criminal offence, urged bank employees union
13 public sector banks have indented a total of 7,883 clerical staff while some banks have not asked for any, says AIBEA
The Indian Banks' Association had asked banks to take measures in advance to minimise the impact
Bad loan mess: 'Loan defaulters should be debarred from contesting elections, accepting Padma awards'
We have been demanding the government to declare wilful default as a criminal offence and take criminal action on the owners and directors of these companies
"If RBI is not able to supply adequate cash to banks, then decision should be taken to suspend cash transactions in the bank branches till sufficient cash is supplied to banks," the statement from union said.
The banking union has also decided to call for nationwide protest against demonetisation, if the Centre fails to make available the adequate currency in the banks and recalibrate the existing ATM machines
Two major unions complained that RBI's public statements make it seem as if bank staff are at fault. Updates on demonetisation on day 24 show that their concern is valid.