News

Bank employees under the umbrella of United Forum of Bank Unions (UFBU) in India staged a one day strike on 22nd August 2017. 

Massive rallies were organized by the component unions of the UFBU, across many metropolitan cities in India. Thousands of striking bank employees stood with their union leaders and supported the campaign to strengthen the state owned banks, opposing the reforms aiming to the weakening of the banks. Unions are agitating as authorities have failed to initiate firm timely actions for recovery from big borrowers who have defaulted repayment of loans. 

The banking industry unions claim that achievements and contributions of the public sector banks have been phenomenal and unprecedented enabling every Indian citizen to avail banking and credit facilities after the nationalization of banks in 1969. 

The UFBU is the apex body of nine banking industry federations representing over one million members.   Bank unions commemorated the 48th Anniversary of Bank Nationalization in India on 19th July 2017, on the theme “Save Public Sector Banks”

Yesterday’s strike action followed with massive rallies was a clarion call from the bank employees in India to save the public sector banks, as they strongly believe that public sector banks transformed class banking to mass banking in India.

UNI affiliates in India AISBISF, AIBOBEF, AIBOBOA and INBEF joined the strike.  AISBISF – General Secretary Sanjeev K. Bandlish and K K Nair General Secretary of AIBOBOA is the Convenor and Chairman of United Forum of Bank Unions respectively.