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Indian Banks’ Association calls bank unions for a meeting August 16

In an attempt to avert the nationwide bankers’ strike on August 22, the Indian Banks’ Association (IBA) and the Chief Labour Commissioner have called the United Forum of Bank Unions (UFBU) for talks, a top leader of All India Bank Employees’ Association (AIBEA) said.

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Arundhati Bhattacharya, chairman of SBI, told reporters at its Q1 results conference that the bank's NIM fell mainly on account of the reduction in its base rate and the MCLR. (Reuters)

In an attempt to avert the nationwide bankers’ strike on August 22, the Indian Banks’ Association (IBA) and the Chief Labour Commissioner have called the United Forum of Bank Unions (UFBU) for talks, a top leader of All India Bank Employees’ Association (AIBEA) said. “The IBA has called the UFBU for a meeting in Mumbai on Aug 16 and the Chief Labour Commissioner has called us for a meeting in New Delhi on Aug 18,” AIBEA General Secretary C.H. Venkatachalam told IANS. The UFBU is an umbrella body of nine unions in the Indian banking sector. The UFBU has given notice of a nationwide strike on August 22 to protest reforms in the banking sector and other issues. “We have an open mind to resolve the issues. The same has to be reciprocated by the IBA and the central government,” Venkatachalam added.

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First published on: 12-08-2017 at 15:20 IST
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