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Industrial Unrest Brewing in Aryavart Bank Amid Allegations of Unlawful Actions by Management
The AIRRBEA expressed concerns over the bank’s long-standing efficiency and satisfactory customer service being hampered by the management’s confrontational policies.
Author: Saurav Kumar
Published: September 16, 2024
A wave of discontent has swept through Aryavart Bank as employees, represented by the Joint Forum of Aryavart Bank Officers' Unions Associations (JFABOUA), have raised serious concerns over the management’s “motivated, whimsical, unilateral, unlawful, and revengeful actions.”
In a strongly worded letter dated September 11 addressed to the bank’s chairman, the All India Regional Rural Bank Employees Association (AIRRBEA) has highlighted increasing unrest among employees, attributing it to the management’s handling of industrial relations and the sensitive issue of staff transfers.
The letter cites several instances of actions by the bank’s management that have exacerbated employee grievances. These include the arbitrary transfer of key union leaders to distant locations and allegations of fabricated charges being levied against branch-level leaders. Such moves have created an atmosphere of distrust and frustration, leading to growing discontent among the workforce.
The AIRRBEA expressed concerns over the bank’s long-standing efficiency and satisfactory customer service being hampered by the management’s confrontational policies. Despite Aryavart Bank’s steady growth and business success over the years, the recent actions of the management have been seen as disruptive and detrimental to the bank’s overall functioning.
Moreover, the letter alludes to the ongoing discussions regarding the amalgamation of RRBs into state-level entities under a single sponsor bank. With this potential restructuring on the horizon, the association has urged the deputed officers from Bank of India, Aryavart Bank’s sponsor, to adhere to proper banking ethics and ensure that the post-amalgamation transition proceeds smoothly.
Besides the AIRRBEA’s concern, a few days ago, the JFABOUA also wrote to the bank’s chairman expressing the increasing work pressure on employees.
The AIRRBEA has called for immediate intervention from the bank’s chairman to address these serious issues, emphasising that resolving the disputes amicably would be in the best interest of the bank’s growth, customer service, and overall development. The letter also seeks intervention from higher authorities, including the Ministry of Finance and NABARD, to address the growing unrest.
With tensions mounting, the future of Aryavart Bank’s industrial relations hangs in the balance, as employees await a constructive response from the management to their concerns.