Banks under UFBA launch 48 hours strike

Pothashang News Service: Imphal, May 30, 2018: Joining the rest of the nationalised banks’ strike bank employees in Manipur under the umbrella of United Forum of Bank Unions (UFBU) today staged a protest rally in the heart of Imphal protesting against the delay of Indian Bank Association (IBA), ministry of finance in resolving charter of demands.

The employees took out a rally in Imphal and held a meeting at Ima Panthobi community hall, Thangmeiband.

UFBA has been demanding to expedite early age revision, adequate increase in salary and wage revision settlement to include all officers upto scale-VII since November 1 last year.

There was 15 percent increase on May 25, 2015 as settled by the 10th bipartite settlement. However the 2 per cent salary increment effective on May 5 despite of increasing to a reasonable scale is like a mockery to us, said Soram Bijoy, president Bank Employees’ Federation.

According to Soibam Indrakumar, co-convenor of UFBU the IBA says the non performing asset as of 2017 March was Rs18, 00, 000 crore when it is 38, 00,000 crore in reality. Prime Minister in one of his Man ki Baat said that the asset might have reached Rs 78, 00,000 crore, he added.

IBA says salary cannot be increased higher than 2 per cent as the banks failed to earn profit. “The money collected from small and medium depositors are given loans to corporate sectors and the loan amount and the interest are not repaid. Even so, an operating profit of Rs 1,59,000 core was accounted by March 31 last year. Why cannot our salary be increased, asked Indrakumar.

Services at the banks were stopped accept electronic services.

The agitators expressed their regret over the grievances created by the strike.

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