Bank Unions Raise Concerns over Non Settlement of 11th BPS


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Monday, 18 May 2020

Bank Unions Raise Concerns over Non Settlement of 11th BPS

Bank Unions Raise Concerns over Non Settlement of their long pending wage revision under 11th BPSMany bankers raised questions on wage revision, pointing out that while bankers have been carrying out operations on a daily basis amid the national lockdown and novel coronavirus infection, their demands for wage hike have been pending. 

Talks between the Indian Banks’ Association and the bank unions have remained inconclusive on wage revision in public sector banks.

CH Venkatachalam, General Secretary, All-India Bank Employees’ Association said the All-India Bank Employees’ Association (AIBEA) is not pursuing wage negotiations talks during the current pandemic. He further added that the Privatization is totally a wrong measure and there should be more measures to ensure recovery of bad loans.

“Banks have been the fulcrum of the economy, especially at this juncture when there is a pandemic and our service is not being recognised by the government,” said Soumya Datta, General Secretary, All-India Bank Officers’ Confederation (AIBOC), adding that the merger of the public sector banks was done at a most “inopportune time” and could be demotivating to the morale of public sector bank employees. 

The Finance Minister’s proposals to privatise public sector enterprises, as well as exclusion of coronavirus-related debt from the definition of default and no fresh initiation of insolvency for one year under the Insolvency and Bankruptcy Code, also raised concerns. 

AIBOC also concerned over the risk on bankers under Covid-19. Bankers had also sought insurance cover for bank staff against Covid19. 
11th BPS Updates

Bankers and bank unions have expressed concerns about the economic stimulus package outlined by Finance Minister Nirmala Sitharaman and have called for more protection and improved conditions for bank employees who have been working during the lockdown. 

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