UFBU Call Strike on 26th December

CIRCULAR No.UFBU/2018/21 Date : 4.12.2018

TO ALL CONSTITUENT UNIONS/MEMBERS

Dear Comrades,

LET US MARCH ON TO ALL INDIA STRIKE ON 26TH DECEMBER, 2018 

TO OPPOSE THE GOVERNMENT DECISION ON AMALGAMATION OF 

BANK OF BARODA, DENA BANK AND VIJAYA BANK

Right from the day the Government of India announced their decision on 17th

September, 2018 to amalgamate Bank of Baroda, Dena Bank and Vijaya Bank, we 

have been holding protest demonstrations opposing this unwarranted move. In a 

country like India, where the Government itself is talking of reaching all people 

under banking system, what we need is expansion of banking sector and not 

amalgamation and consolidation. Banking density in India is one of the lowest in 

the world. There is so much of space for banks to expand and reach all sections 

of the people. Hence merger of Banks or amalgamation of banks with a view to 

consolidate the Banking sector is unnecessary and illogical. 

There is no evidence so far that consolidation of Banks would result in any benefit. 

Even the mega merger of 6 Banks with State Bank of India undertaken last year 

has not resulted in any benefit to SBI. On the other hand, SBI is having 

compulsions of branch closures and restructuring of their operations. SBI is also 

facing enhanced stress of bad loans. It had slipped into losses after the merger. 

We are also witnessing shrinkage in employment potential in SBI because merger has resulted in surplus staff.

Even in the case of Bank of Baroda, Dena Bank and Vijaya Bank, the only major 

problem faced by these Banks is their high level of bad loans. Merger or 

amalgamation is no solution to recover these bad loans. In fact, under the merged 

entity, the recovery is bound to go haywire. 

Unfortunately, the Government is bent on implementing their policy of 

privatization and consolidation of Banks. Despite our strong protests, these three 

Banks are appearing to go ahead with the merger. Hence in order to register our 

protest and to draw public and political attention, UFBU has decided to give the 

call for observing one day strike on 26th December, 2018.

10-12-2018 Letter to Finance Minister

10-12-2018 UFBU to serve Strike Notice on IBA on 10-12-2018

12-12-2018 Display of poster before all bank branches/offices

13-12-2018 Demonstrations before all branches

18-12-2018 Badge Wearing

24-12-2018 Centralised Demonstrations 

26-12-2018 All India Strike

All our unions and members are requested to implement the programmes 

successfully.

With greetings,

Yours comradely

UNITED FORUM OF BANK UNIONS

(AIBEA-AIBOC-NCBE-AIBOA-BEFI-INBEF-INBOC-NOBW-NOBO)

ALL INDIA BANK STRIKE

ON 26TH DECEMBER 2018

10 Lac Bank Employees and Officers

OPPOSE

Government’s move to merge

Bank of Baroda, Dena Bank and Vijaya Bank

Urgent action is required to recover the 

huge bad loans from Corporate defaulters

Merger of Banks

will not help to recover bad loans

DO NOT DIVERT NATION’S ATTENTION

RECOVER BAD LOANS – STOP MERGERS