Among the total strength of approximately 20,000 permanent employees of IDBI Bank, around 50% belong to reserved categories. Stakeholders raise concerns about the potential impact of IDBI Bank’s privatisation on the implementation of reservation policies, affecting inclusivity and representation of backward sections of society.
Kerala High Court’s landmark verdict favours HDFC Bank Staff Union, reinforcing employee rights to unionise and rejecting corporate misuse of trademark laws to suppress trade unions. A crucial win for collective bargaining in the banking and IT sectors.
As debates intensify over the ethical implications of SBI floating an asset management company, banking union leaders highlight concerns about shifting priorities from core banking activities to profit-driven ventures like SBI Mutual Fund.
AIBEA announces a nationwide agitation plan demanding 5-day workweek, adequate recruitment, and employee protection. This follows AIBOC's February strike, signaling significant disruptions in banking services.
Bankers in Public Sector Banks (PSBs) face a new challenge following the Supreme Court's ruling that concessional loans are taxable. With various PSBs responding differently, uncertainty looms large among bankers.
Watch this video to understand the implications of the ruling, the positions of banks regarding covering this for their employees, the concerns raised by bankers, and how they are voicing the need for fairness and clarity.
The All India Bank Officers’ Confederation (AIBOC) has officially announced a two-day nationwide bank strike on 24th and 25th February 2025, pressing for the implementation of the long-pending demand for a five-day workweek in the banking sector.
All India Bank Officers’ Confederation (AIBOC), the largest organisation among bank officers, has decided on a two-day nationwide strike on 24-25 February 2025, demanding the implementation of the long-pending #5DaysBanking. Banking services are expected to be disrupted for four consecutive days.
IDBI Bank Employees and unions across the country are stepping up their fight against privatisation, highlighting concerns about toxic work culture, job security, and a possible drop in customer service quality. The protests focus on issues like abusive management, high-pressure targets, and fears of major changes under private ownership. Critics warn of serious problems, pointing to challenges faced by other banks after privatisation, raising worries about the future of IDBI Bank.
The All India Federation of UCO Bank Officers (AIFUCBO) has initiated a phased agitation demanding that UCO Bank absorb the TDS liability on employees' perquisite value, following the Supreme Court's ruling on taxing concessional loans.
