Bank of India (BOI) leads public sector banks by allowing employees to select their Pension Fund Manager and scheme under the National Pension System (NPS), a long-awaited development welcomed by the banking community.
Protest against administrative retaliation by Tamilnad Mercantile Bank(TMB) management sparks statewide strike. On 20 November, a dharna is to be organised at TMB headquarters in Thoothukudi.
Public Sector Bank (PSB) employees call for an end to the restrictions on their right to choose pension fund managers and investment schemes under the National Pension System (NPS), highlighting disparities compared to other sectors.
Employees and officers of Kerala Gramin Bank gathered in protest outside their head office on 07 November 2024, calling for better working conditions and resolution of PF issues.
Bank Employees Federation of India(BEFI) staged a dharna at CSB Bank's Thrissur headquarters on 5 November 2024, demanding implementation of the 11th and 12th bipartite wage settlements for CSB Bank employees.
IDBI Bank faces significant financial challenges with its top four willful defaulters owing ₹6,609.46 crore. As the government pushes forward with the privatisation of the bank, questions arise about recovery efforts and accountability.
The bank pension scheme, effective from November 1, 1993, remains unchanged, contrasting with other public sector schemes that have seen periodic revisions. Despite a Supreme Court ruling affirming pensions as a right, the push for pension revision in banks has not been prioritized.
The All India Bank Employees’ Association (AIBEA) has raised strong objections to a recent government directive instructing Public Sector Banks(PSBs) to conduct performance reviews of employees, which could result in premature retirements. AIBEA views this move as a threat to job security and has called for unity and resistance among bank employees.
The All India Bank Employees' Association (AIBEA) has called on the government to ensure sufficient recruitment in Public Sector Banks (PSBs) and stop leniency toward corporate loan defaulters. The AIBEA has announced plans for a nationwide agitation if their demands are not met.
