Bank unions firm on strike as talks with IBA fail

Bank unions firm on strike as talks with IBA fail

- in Banking
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Talks between the Indian Banks’ Association (IBA) and the unions held in Mumbai on Wednesday, to avert a nationwide strike on August 22, have failed.

DT Franco of the All-India Bank Officers’ Confederation (AIBOC) and CH Venkatachalam of the All India Bank Employees Association (AIBEA) said the IBA insisted that it was for the government to make a decision on most of the unions’ demands.

But they were appreciative of the fact that, for the first time, the IBA took the initiative to call the unions for talks. The unions will now meet with the Chief Labour Commissioner in New Delhi on August 18.

At Wednesday’s meeting, VG Kannan, Chief Executive of IBA, expressed the view that the unions should not go on a strike at a time when talks are going on at several levels on the contentious issues.

In his response, AIBEA’s Venkatachalam said that he wished he could agree but most of the issues raised were very serious in nature. On privatisation and mergers, the government has been contradicting the RBI Governor and Deputy Governor, he said.

The Banks Board Bureau is not doing anything concrete for the betterment of banks, he said. There was no way the unions could withdraw the strike call, he added.

AIBOC leader Franco said that instead of requesting the unions not to go for strike, the IBA should support them.