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Bank Bandh On Nov 19 Postponed: AIBEA Says Understanding Has Been Reached On All Issues

Bank Bandh Latest Update: The AIBEA said it has withdrawn its November 19 strike call after an understanding was reached with the Indian Banks’ Association (IBA) and the bank managements.

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Bank Bandh on November 19 Latest Update: The nationwide Bank Bandh called by the All India Bank Employees’ Association (AIBEA) has been called off on Friday as the AIBEA  said it has withdrawn its November 19 strike call after an understanding was reached with the Indian Banks’ Association (IBA) and the bank managements.

“An understanding has been reached on all the issues. IBA and the banks have agreed to resolve the issue bilaterally. Hence our strike is deferred,” AIBEA General Secretary CH Venkatachalam told news agency IANS.

Earlier, the AIBEA had called for the strike on November 19 to protest against targeted victimisation of bankers for being active in the union.

Recently, Venkatachalam had said that the attacks are not on

ly increasing but there is a common thread in all these attacks.

“There is a design in these attacks. There is some method in the madness. Hence, we have to resist, retort and repulse these attacks at the AIBEA level as a whole,” he had earlier told his members.

He said AIBEA union leaders have been dismissed/retrenched from service by Sonali Bank, MUFG Bank, Federal Bank, and Standard Chartered Bank.

Venkatachalam said government banks like Bank of Maharashtra are denying trade union rights while Canara Bank, Bank of India, Bank of Baroda, and IDBI Bank are outsourcing many banking activities.

According to him, at the Central Bank of India, it is ‘jungle raj’ with the management resorting to indiscriminate transfers.

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Venkatachalam had said more than 3,300 clerical staff have been transferred from one station to another violating the bipartite settlement and bank level settlement.

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