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Why the strike?
AIBOC has cited several issues that need urgent resolution, including:
Five-day workweek: The union is pushing for a shorter workweek for bank employees.
Adequate staffing: AIBOC has demanded immediate recruitment in all cadres to address workforce shortages.
Withdrawal of DFS directives: The union opposes recent guidelines on performance review and productivity-linked incentives (PLI), calling them divisive and a threat to job security.
Key ppointments: Filling vacant posts of workmen/officer directors in public sector banks is a priority.
Unresolved Issues with IBA: The union seeks solutions to pending matters with the Indian Banks’ Association (IBA).
Planned agitation
AIBOC will serve the strike notice this month.
The union warned of stricter measures if their demands remain unmet.
AIBOC alleged that the Department of Financial Services (DFS) is micromanaging public sector banks. They claimed such interference undermines the autonomy of bank boards and impacts policy decisions.
What should customers do in case there is a strike?
Users should plan important transactions like cheque clearances, cash withdrawals, or account updates before the strike dates.
Alternatively, they can use digital banking channels for routine banking needs.
