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Bank employees News

09 May 2024

EXPLAINED: Big Blow To Bank Employees! SC Says Interest-Free Loans Taxable

SC ruling said, benefit enjoyed by bank employees from interest-free loans or loans at a concessional rate is a unique benefit/advantage enjoyed by them and hence is liable to taxation.

13 Jun 2022

Bank employees demand for five day workweek as they go on strike on June 17

On June 27, at least nine bank employee unions will go on strike for a day to urge their demands. Employees at the bank began working on alternate Saturdays seven years ago. Since 2015, bank unions have been clamouring for time off on all Saturdays and Sundays.

10 Jun 2022

Bank Strike in June: Banking operations to get affected on THESE days

Bank employees threaten to go on strike if the demands are not met. The strike is being led by the United Forum of Bank Unions. The demands include pension updates and revisions for all retirees, as well as the elimination of the national pension system.

17 Dec 2021

Bank Strike Today: SBI and other bank services across country hit

Lakhs of public sector bank employees went on strike for the second day on Friday to protest the government's proposed privatisation of banks. As a result of the two-day strike, services such as deposits and withdrawals at branches, check clearance, and loan applications are still delayed.

16 Mar 2021

DNA: What bank employees want from the government?

DNA, which is highly popular among millions of TV viewers worldwide for its accurate, unbiased and in-depth reporting of issues of utmost concerns to the country, is hosted by Zee News Editor-in-Chief Sudhir Chaudhary. In this segment of the DNA, know why bank employees are opposing privatization of banks.

22 Jul 2020

Bank unions, IBA agree on 15% annual wage hike; 8.5 lakh staff set to benefit

Under the agreement reached, Performance Linked Incentive will also be introduced for public sector bank staff and it will be based on the net profit of individual banks concerned Close to 37 banks, including public, private and foreign banks, have mandated the IBA to negotiate with unions on wage hikes for their employees PLI will be applicable for public sector banks from the current fiscal, while it will be optional for private and foreign banks

22 Oct 2019

Talks with govt fail, bank unions call 24-hour strike today against merger

Besides several central trade unions, the All India Bank Officers' Association (AIBOA) has also extended support to the strike. AIBOA has clearly asked its members to not join work today.

18 Dec 2017

Section of PSU bank unions threatens strike on December 27

Following the strike call, many banks including State Bank of India (SBI), Vijaya Bank have already informed their customers about inconvenience if it materialises.

11 Sep 2017

Bank employees call for protest march on Sept 15

Bank employees plan to conduct "March to Parliament" on September 15 to draw the government's attention towards various issues, Deepak Kumar Sharma, General secretary of SBI Officers Association, Chandigarh Circle, said here.

21 Aug 2017

Bank strike on August 22: Banking operations likely to be affected

Most banks have already informed their customers that functioning of branches and offices will be impacted if the strike takes off.

21 Aug 2017

Bank strike on August 22: All you need to know

In order to protest against the banking reforms proposed by the Centre, the bank employees are calling strike on August 22.

29 Mar 2017

RBI exempts banks from opening on Apr 1 on annual closing

Reversing its earlier order, the Reserve Bank on Wednesday said the bank branches dealing in government businesses need not remain open on April 1 in view of the annual closing business.

20 Jan 2017

Bank employees threaten nation-wide strike on Feb 7

A section of bank trade unions have threatened to go on a day-long nation-wide strike on February 7 to press various demands including complete removal of restrictions imposed during demonetisation period and safeguarding the autonomy of the Reserve Bank of India.

05 Dec 2016

Here is why Banks employees want to shut shop for 15 days

Even those handling wads of notes on a daily basis are a harried lot. The reference is to bank employees. The struggle to manage the cash requirement of common public has raised their stress level. They would like the Reserve Bank of India( RBI)to close bank branches until sufficient quantities of currency notes supplies reach banks.

18 Aug 2016

Bank employees to join national strike on September 2

Nearly 5 lakh bank union workers and officers are set to join the strike called by trade unions on September 2 to protest against what they call anti-people policies of the Modi government and labour reforms.

16 Mar 2016

IDBI Bank employees give strike call on Mar 28

A section of officers and employees of IDBI Bank today called for a one-day strike on March 28 to protest against the government's proposed stake sale in the state-run lender

Finance Minister

05 Mar 2016

Won't write off any bad loans, defaulters won't be spared: Arun Jaitley

Finance Minister Arun Jaitley on Saturday said that defaulters will not be spared as the government will not write off any bad loans.

24 Oct 2015

Bank employees to go on nationwide strike on December 2

Bank employees will observe a country-wide strike on December 2, a leading union said on Saturday.

Indian Banks Association

02 Aug 2015

New health cover for bank employees to be ready by month-end

All state-run general insurers are likely to issue a master mediclaim policy for bank employees through Indian Banks Association (IBA) by this month end.

30 May 2015

Nation-wide bank strike on June 24

The All India Bank Employees Association (AIBEA) on Saturday called for a nation-wide strike on June 24 in support of various demands of the State Sector Bank Employees Association (SSBEA).

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