All India Bank Officers Confederation

All India Bank Officers Confederation News

AIBOC flays govt's decision to privatise  PSUs; says move 'does not promote self-reliance but destroys foundation of economy'
Business

AIBOC flays govt's decision to privatise PSUs; says move 'does not promote self-reliance but destroys foundation of economy'

All India Bank Officers' Confederation (AIBOC) expresses its outright opposition to and strong anguish over the decision of wholesale demolition of Public Sector Enterprises of India

Officers' union requests Narendra Modi to defer mega bank merger amidst coronavirus pandemic
Business

Officers' union requests Narendra Modi to defer mega bank merger amidst coronavirus pandemic

Bank officers' union on Wednesday requested Prime Minister Narendra Modi to defer mega-merger exercise of banks in view of coronavirus outbreak

PSB privatisation: Bank union defer with Nobel laureate Abhijit Banerjee's view; say diluting govt stake below 50% is no solution
Business

PSB privatisation: Bank union defer with Nobel laureate Abhijit Banerjee's view; say diluting govt stake below 50% is no solution

Associations of employees and officers of public sector banks (PSBs) have expressed disagreement with Nobel laureate Abhijit Banerjee's view that the government should privatise PSBs to tackle the crisis in the sector, asserting that diluting the Centre's stake in PSBs is "no solution"

Public sector bank unions defer two-day strike; operations to be normal on 26-27 September
Business

Public sector bank unions defer two-day strike; operations to be normal on 26-27 September

Officers' unions of public sector banks have deferred the proposed two-day strike following an assurance from Finance Secretary Rajiv Kumar to look into their concerns

Strike call given by bank officers' union may affect normal business at branches: SBI
Business

Strike call given by bank officers' union may affect normal business at branches: SBI

The State Bank of India (SBI) on Monday said the operations of the bank could be affected if the two-day strike call given by officers' unions materialises

Bank unions threaten two-day strike later this month to protest against mega-merger of 10 PSBs
Business

Bank unions threaten two-day strike later this month to protest against mega-merger of 10 PSBs

Four bank employee unions have given a call for a two-day strike from the midnight of 25 September and an indefinite stir from the second week of November to protest against the mega-merger of 10 nationalised banks, a union leader said on Thursday

PSU banks merger woes: Bank officers associations to meet in Delhi on 5 September
Business

PSU banks merger woes: Bank officers associations to meet in Delhi on 5 September

Opposing the merger of banks, officers associations of various banks will meet in the national capital on 5 September to chalk out the future course of action, a top official of All India Andhra Bank Officers Association said here on Tuesday

Videocon loan row: PSU bankers question why RBI delayed in acting against ex-ICICI CEO Chanda Kochhar
Business

Videocon loan row: PSU bankers question why RBI delayed in acting against ex-ICICI CEO Chanda Kochhar

A section of public sector bankers on Thursday raised questions about the RBI seeking powers to regulate state-owned banks saying it apparently failed to act against officials in the ICICI Bank-Videocon matter despite claiming to have enough powers to deal with private sector lenders.

State-run banks to go on nation-wide strike Wednesday; protesting against Vijaya Bank and Dena Bank's merger with Bank of Baroda
Business

State-run banks to go on nation-wide strike Wednesday; protesting against Vijaya Bank and Dena Bank's merger with Bank of Baroda

Services of state-owned banks are expected to be impacted on Wednesday due to a nation-wide strike call given by unions to protest against the proposed amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda. This will be the second bank strike in less than a week.

Public sector bank officers on strike, protest Vijaya-Dena-Bank of Baroda merger, seek wage hike
Business

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.

Public sector bank officers' union to go on strike today to demand immediate wage revision, protest PSBs merger
Business

Public sector bank officers' union to go on strike today to demand immediate wage revision, protest PSBs merger

Most of the banks have already informed their customers about the strike and its impact on their normal banking operation.

Bank officers union slams Alok Industries' lenders decision to accept offer with deep haircut of 83%
Business

Bank officers union slams Alok Industries' lenders decision to accept offer with deep haircut of 83%

Lenders to Alok Industries will have to take a deep haircut of 83% in approving RIL-JM Financial ARC's resolution plan to take over the bankrupted company

Nine bank unions threaten two-day nation-wide strike from 30 May over meagre pay hike
Business

Nine bank unions threaten two-day nation-wide strike from 30 May over meagre pay hike

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)

ATMs go dry nationwide: Why the biggest cash hoarders - political parties and RBI - owe answers for crunch
Business

ATMs go dry nationwide: Why the biggest cash hoarders - political parties and RBI - owe answers for crunch

Currency hoarding by political parties for elections, and the RBI’s failure to bridge the gap between the two high denomination notes probably triggered the cash crunch.

PSB unions make strong pitch for nationalisation of private banks amid allegations of corruption, nepotism
Business

PSB unions make strong pitch for nationalisation of private banks amid allegations of corruption, nepotism

Employees unions of PSBs have made a strong pitch for nationalisation of private sector lenders amid allegation of corporate governance lapses

Customers need not worry: No continuous holidays for banks at March-end
Business

Customers need not worry: No continuous holidays for banks at March-end

Banks will not remain closed for five consecutive days starting from Thursday, a union leader said on Monday

AIBOC urges Centre to stop mandatory Aadhaar linking with bank accounts until SC directive
India

AIBOC urges Centre to stop mandatory Aadhaar linking with bank accounts until SC directive

Joining the Aadhaar seeding debate, public sector banks' officer union has demanded that mandatory linking of biometric identity number should be put on hold till such time the Supreme Court comes out with a clear directive.

Banks stare at union strike on Tuesday, services may be hit
Business

Banks stare at union strike on Tuesday, services may be hit

Most banks have already informed their customers that functioning of branches and offices will be impacted if the strike takes off

Demonetisation: Bank officer's union to protest investigative role being thrusted on banks
India

Demonetisation: Bank officer's union to protest investigative role being thrusted on banks

Even as RBI partially modified its deposit guidelines, the AIBOC will be holding demonstrations all over the country in front of RBI offices

Demonetisation: Bank officers union calls for Urjit Patel's resignation; focus on RBI's role
India

Demonetisation: Bank officers union calls for Urjit Patel's resignation; focus on RBI's role

The debate is now on Urjit Patel's role as the RBI governor in the demonetisation