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The United Forum of Bank Unions (UFBU), an umbrella body of bank unions, have called for strike against privatisation of the banks.

There have been vacancies at the independent director level across the public sector space leading to regulatory non-compliance, the report says

In 2019, bad loan write-offs by banks amounted to ₹1,83,391 crore

Public Sector Bank Unions To Intensify Protest, Call For More Strikes Against Privatisation Bid Canara Bank Employees on strike (rajeshroxu/Twitter) In the general council meeting held on Sunday (4 April), the banks union has resolved to intensify the campaign against banks proposed privatisation as reported by Livemint. All India Bank Employees Association, AIBEA, on Sunday issued a statement after the meeting. "The general council meeting has called upon all our unions and members all over t...

KOLKATA: Brace for a four-day bank closure — one of the longest such breaks in recent times — starting Saturday till Tuesday next week. The bank strike called by the United Forum of Bank Unions, if not called off in the next 72 hours, would result in closure of bank branches for four days (March 13-16) and ATMs for two days (March 16-17). This is because March 13 happens to be the second Saturday of the month and the strike call has been given for March 15 and 16. Rajen Nagar, president of...

Updated: Share Article AAA The All India Bank Employees Association (AIBEA) has decided to go ahead with a two-day nationwide strike on March 15 and 16 against the plan to privatise two public sector banks (PSBs). The government and the unions had failed to reach common ground at conciliation meetings, AIBEA said. “Conciliation meetings were held between the representatives of government and the unions on March 4, 9 and 10,” said AIBEA general secretary C.H. Venkatachalam. “We were ready ...

Canara Banks services may get hit later in March due to proposed strike Canara Bank said it is taking necessary steps for smooth functioning of bank branches and offices on the days of the proposed strike PTI | March 4, 2021 | Updated 10:58 IST Canara Bank said it is taking necessary steps for smooth functioning of bank branches and offices on the days of the proposed strike Public sector lender Canara Bank on Thursday said that banking services may get affected later this month due to the pro...

Indian Banks’ Association calls bank unions for meeting today Indian Banks’ Association calls bank unions for meeting today In A Move To Prevent The Nationwide Bankers’ Strike On August 22, The Indian Banks’ Association (IBA) And The Chief Labour Commissioner Have Called The United Forum Of Bank Unions (UFBU) For Talks On Wednesday, A Top Leader Of All India Bank Employees’ Association Said. News Nation Bureau | Edited By : Prakhar Sharma ...

Bank unions stage protest against privatisation; plan to march towards Parliament in March The interest rate of NCDs that hit the market this year was better than that of bank FDs. Photo: Mint 3 min read . Updated: 19 Feb 2021, 02:31 PM IST PTI Finance Minister Nirmala Sitharaman during her Budget speech earlier this month announced plans to privatise two public sector banks Share Via Read Full Story NEW DELHI : Opposing governments privatisation plans, bank unions on Friday staged protest in...

Govt should strengthen PSBs instead of privatisation: AIBEA February 19, 2021 × The United Forum of Bank Unions plans to strike on March 16 against government’s call to privatise two PSBs. The Government should strengthen public sector banks (PSBs) by helping them recover bad loans instead of privatising them, according to the All India Bank Employees’ Association (AIBEA). “The only problem PSBs facing is bad loans. Most of the bad loans are due to the corporates and rich industrialists,...