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IBA’s Letter to Bank Unions: ‘Promises, But No Concrete Solutions’
The Indian Banks' Association (IBA) has released an open letter addressing banking unions but according to some bankers it fails to offer any concrete resolution to employees' long-standing demands amid growing unrest in the sector.
Author: Kanal English Desk
Published: March 13, 2025
In response to escalating protests and a nationwide strike call by the United Forum of Bank Unions (UFBU), the Indian Banks' Association (IBA) has issued a letter addressing banking unions and federations. While the letter acknowledges the role of unions and speaks of employees welfare, the responses from bankers point out it lacks any firm commitment to resolving key concerns raised by bank employees.
(The letter from IBA Chief addressing banking unions and federations.)
Letter Amid Intensifying Protests; But No Actionable Solutions
The letter, signed by IBA Chief Executive Atul Kumar Goel, touches upon broad issues such as employee well-being, skill development, and workplace dialogue. However, it does not mention any steps to implement a five-day workweek—one of the most pressing demands of bank employees. Similarly, the ongoing issue of staff shortages in public sector banks due to lack of recruitment finds no mention.
(A post on platform X criticising the approach of IBA.)
Awaiting Real Action
With no clear roadmap presented by the IBA, the banking sector remains on edge. As protests intensify, employees await not just reassurances but real solutions that address their demands effectively.