THIRUVANANTHAPURAM, JANUARY 6:
Employees of the National Bank for Agriculture and Rural Development (Nabard) have decided to join the countrywide banking sector strike declared for tomorrow.
Nabard employees find common cause with counterparts in commercial banks called by the United Forum of Bank Unions (UFBU), said Jose T Abraham, President of All-India Nabard Employees Association.
A settlement in the banking industry is elusive despite 15 rounds of negotiations and five industry-wide strikes spearheaded by the UFBU, Abraham recalled.
“Indian Banks’ Association (IBA) is testing the patience of bank employees. The Centre has become a mute spectator to the ongoing struggle in the entire banking industry.”
Abraham contested the argument put out by the Centre/IBA on growing non-performing assets in the industry.
“The fact is that the banking industry has made profits of ₹1.14 lakh crore, ₹1.21 lakh crore and ₹1.27 lakh crore during 2012, 2013 and 2014.
But bank managements have failed to take any action on NPAs by big industrialists which is an area of concern for bank employees as a whole.”
Abraham noted that the Nabard management has not been honouring the commitments to employees made across the table for reasons best known to them.
Major pending issues for the past two years are recruitment of Group B and C staff; restoration of compassionate appointments and compassionate package in the lines of the RBI; and decentralisation of human resources management system package.
Nabard employees have been agitating on these issues for quite a long time, Abraham recalled.
First week of 2015 to see coal, bank strikes -The Hindu
Bank employees are a lowly paid lot and their five-year wage pact lapsed in November 2012’
The first working week of 2015 is set to be marked by major unrest in two critical sectors of the economy — coal and banking.
One is to press the workmen’s demand for a wage revision while the other is to protest what the trade unions perceive as a denationalisation move by the government.
While five Central trade unions have united in the coal sector giving call for a five-day strike from January 6, the United Forum of Bank Unions has given call for a day strike on January 7.
Trade unions in the coal sector on Saturday asked their members to go on a five-day strike to protest what they saw as a move by the government to denationalise the coal sector.
At least one trade union, the Indian National Mineworkers Federation, affiliated to the INTUC, asked its members to observe the strike in a do or die manner.
Five Central trade unions affiliated to the BMS, the HMS, the AITUC, the CITU and the INTUC have given the strike call.
The United Forum of Bank Unions said bank employees were a lowly paid lot and their five-year wage pact had lapsed in November 2012. The UFBU maintained that although they had scaled down their demand for a 36 per cent hike to 23 per cent, the Indian Banks Association was offering very little.
“Wake-up call”
The unions pointed out that January 7 was a wake-up call and would be followed by a four-day closure from January 21 to 24. If this strike materialises, it would in effect shut down the country’s banking system for six days as January 25 is Sunday followed by the Republic Day holiday.
Decision today
Chennai Special Correspondent reports:
The UFBU will decide on Tuesday about the fate of strikes lined up for January, said All India Bank Employees Association General Secretary C.H. Venkatachalam.
“We are having the 10th bipartite wage settlement talks with the Indian Banks Association in Mumbai on Tuesday. The IBA has reportedly improved its offer and we are also willing to come down from our earlier demand. Hence, further course of action depends on the outcome of the meeting. As of now strike on January 7 stands,” he said.
CBI sub-inspector, bank exececutive held for taking bribe-TOI
NEW DELHI: The CBI has arrested a sub-inspector from its ranks and a chief manager of Syndicate Bank, presently working in the agency on secondment basis, in a bribery case. The accused were allegedly demanding a bribe of Rs 25 lakh from a person, who was being investigated in a bank fraud case, to dilute investigations against him.Inspector SK Jha and chief manager of Syndicate Bank Sambi Reddy, both working in Banking Securities and Fraud Cell (BS&FC) of CBI, were arrested after they took Rs one lakh in bribe from the complainant.
A case under prevention of corruption act has been registered on the complaint of the person who alleged that the bank officer demanded a bribe of Rs 25 lakh to ensure relief to him in a Rs 30 crore bank fraud case. Subsequently, the demand was brought down to Rs 10 lakh, to be paid in two installments of Rs 5 lakh each, the complainant said.
Jha, who was the investigating officer in the case against the complainant, was hands in glove with Reddy.
A trap was laid and Reddy was caught red handed while demanding and accepting a bribe of Rs 1 lakh from the complainant. Later, investigations revealed that Jha was also allegedly a part of the conspiracy along with the bank officer and was arrested, said CBI spokesperson Kanchan Prasad.
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