Bank unions demands wage revision, regulated working hours



Bank employees unions today said despite robust business growth of public sector lenders, salary revision of officers and employees is pending for the last two years and asked the managements to take necessary action."The bank employees and officers' salary revision are due from November 1, 2007 ...the present offer of IBA for 17.5 per cent increase in salary is far below the expectations. We want at least 25 per cent,"AIBOC General Secretary G D Nadaf told at a press meet on the sidelines of the tenth National Council Conference of United Bank Officers' Association.

He further said branches are suffering from acute shortage of officers and so the existing ones have to work overtime and even on holidays.

"We have demanded regulated working hours for officers and recruitment of adequate number of officers to take care of the need of the branches by filling the existing vacancies in the banks," Nadaf said.

The union is also opposed to merger and acquisition of public sector banks and instead pitched for nationalisation of private lenders.

"We have also suggested to the Finance Minister to nationalise private sector banks for better financial inclusion and also to cater to the needs of common man," Nadaf said
Source:The Economic Times

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