Bankers stage demo for introduction of ‘5-day-a week banking system’

Banking operations successful each 4 confederate districts were paralysed wholly connected Tuesday arsenic the slope employees struck enactment successful enactment of their request of instauration of ‘5-day-a week banking system’.

The protesters said Indian Banks’ Association (IBA) and United Forum of Bank Unions signed a memorandum of knowing connected December 7, 2023, agreeing connected the ‘5-day-a week banking operations’ by declaring each Saturdays arsenic holidays for banks. Moreover, some sides agreed to summation the moving hours of the banks by 40 minutes mundane for declaring holidays for banks connected each Saturdays.

Even though this statement was recommended to the Government of India, it had been kept pending for the past 2 years, which had forced the bankers to spell connected onslaught to property their genuine demand.

Even though a conciliation gathering was organised successful New Delhi precocious to avert this nationwide strike, the Centre remains adamant. Even arsenic the State and Central Government offices, Life Insurance Corporation of India, stock marketplace and astir of the work sectors are functioning lone 5-day-a week, the Union Government is yet to comply with the IBA’s MoU with bankers, and hence the bankers combat for ‘5-day-a week banking system’, the protesters said.

Over 200 members of All India Bank Employees’ Association, National Confederation of Bank Employees, All India Bank Officers’ Association, Bank Employees’ Federation of India, Confederation of All India Bank Officers’ Associations, National Organisation of Bank Workers, National Organisation of Bank Officers and Indian National Bank Officers’ Conference participated successful the objection held successful beforehand of Federal Bank, Palayamkottai.

Similar agitations were organised successful Thoothukudi, Tenkasi and Kanniyakumari districts besides arsenic the bankers struck work.