Pvt sector bank officers form union; to join Sept 2 strike

The All India Bank Officers Association (AIBOA) on Monday said it has launched a wing to deal with issues faced by those working for private sector lenders.

The officials from the private banks have also decided to join an all India general strike on September 2, it said.

"The growing concern of the existing workforce is hovering around host of issues viz. contractualisation of permanent jobs, compulsory conversion of Scale III officers under C2C concept, outsourcing of the banking functions, discrimination in performance linked bonus, non recruitment of staff against permanent vacancies, tax exemption in the matter pension," the AIBOA said in a statement.

The AIBOA, which claims to be the second largest union of banking officials, said the new wing called the Private Sector Bank Officers' Forum was launched on Sunday in Bengaluru. Kotak Mahindra Bank's Venkatesh Babu will be the chairman of the forum.

It can be noted that a majority of the well-performing private banks do not have employees unions, which is a common sight in the state-run lenders.

The recently concluded Rs 15,000 crore (Rs 150 billion) merger between the city-based Kotak Mahinrda Bank and the unionised ING Vysya Bank, had faced opposition from the employees.