UFBU to go on strike on August 22
Posted on: 01/Jul/2017 12:55:41 PM
In a meeting held at the United Forum of Banks Association in Mumbai on Wednesday, it is decided that the UFBU shall go on a strike on 22nd August against destroying the banking sector, as per what it claims.
There will be several other forms of agitation starting from 19th July, the bank nationalization day. Moves like merger of banks and their privatization should be immediately stopped.
One other matter of contention is the current form of Financial Resolution and Deposit Insurance Bill. The Bill needs to be scraped entirely, says UFBU. It is also against various moves to write off corporate loans.
The government need to implement the recommendations of Parliamentary Standing Committee to resolve non-performing assets issue.
Passing on the NPA burden to customers as service charge is not a recommended move, criticizes UFBU. It has also requested to roll back the GST rate of 15 percent on banking services.
The other major demand is the reimbursement of expenses caused at the time of demonetization and Jan Dhan campaigns. For working on holidays and those extra hours at the time of demonetization, the employees should be given extra pay. The employees were working under a lot of stress, and had a lot of difficulties. They took up increased work volume to achieve the expected logical conclusion.
