Union Bank of India employees unhappy for getting perks in digital currency
RBI Digital Currency: Union Bank of India aims to adopt Reserve Bank of Indias digital rupee for employee benefit schemes, encouraging CBDC wallet transactions among staff members. Initially, the bank plans to credit specific allowances directly to the digital wallet, yet encounters resistance from some employees, prompting a protest from the All India Union Bank Employees Federation. They advocate for management to consult staff before enforcing this initiative.
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Source: indiatimes.com