AIBEA defers June 24 strike

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The All India Bank Employees Association (AIBEA) wants the Finance Ministry to step in to ensure resolution of problems.

The Indian banking sector has seen major unrest in the past few months with bank employees demanding more holidays, salary hikes and medical coverage. June proved to be a fruitful month for the Indian Banks Association when it finally signed a bipartite agreement with employee unions and fixed the salary hike at 15 per cent.

Recently, the All India Bank Employees Association (AIBEA) had called for a nationwide strike on 24 June. However, the strike has been deferred after talks with the State Bank of India (SBI) management, arbitrated by the chief labour commissioner, failed.

AIBEA has been demanding that the associate banks be delinked from the SBI Act so that they can follow separate human resources (HR) policies, as the employees do not want SBI’s career progression imposed on them.

SBI subsidiaries include State Bank of Bikaner and Jaipur, State Bank of Travancore, State Bank of Mysore, State Bank of Hyderabad and State Bank of Patiala. AIBEA wants these five banks out of SBI’s ambit to ensure standardised HR policies.

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