Tag: Aibea

Chennai: Banking operations in the country were hit amid the two-day bank strike by over 10 lakh bankers demanding early wage settlement starting Wednesday. Citing that the stir has has evoked good response nationwide, C.H. Venkatachalam, General Secretary of All India Bank Employees’ Association (AIBEA ) said “Around 85,000 bank branches spread across the country, […]

Chennai: Contrary to its earlier stand of infusing fresh capital in strong banks, the central government has decided to infuse fresh capital totalling Rs 8,586 crore into 10 weak banks subject to commitment to quarterly milestones by bank boards, management, employees and unions, said a top leader of All India Bank Employees’ Union (AIBEA). He also […]

Chennai: The United Forum of Bank Unions (UFBU), an umbrella body of nine unions in the sector, has called a one-day strike on February 28 to protest the government’s “anti-people banking reforms” as well as to demand compensation for employees for extra work done on account of demonetisation. United Forum of Bank Unions, comprising nine […]

Chennai: Citing the Rs 30,000 crore public deposits in Lakshmi Vilas Bank (LVB), the All India Bank Employees’ Association (AIBEA) has demanded its merger with a public sector bank (PSU) than be acquired by Indiabulls Housing Finance Ltd (IBH). In a letter to the Governor of Reserve Bank of India (RBI) on Sunday, AIBEA General Secretary […]

Chennai: The real agenda of the government in merging banks is to help big corporates as consolidation of the banks will not result in recovery of huge bad loans, said a top official of the All India Bank Employees’ Association (AIBEA). Opposing the merger of 10 public sector banks into four, C. H. Venkatachalam, General […]

Chennai: Major unions in the Indian banking sector have decided to participate in the National General Strike called by central trade unions on January 8, 2020, said a top leader of All India Bank Employees’ Association (AIBEA). In a statement issued here, AIBEA General Secretary C.H. Venkatachalam said that 10 central trade unions have given […]

Chennai: The amalgamation of 10 public sector banks into four has been working smoothly for the past two months without any heartburns as the employee benefit schemes have been extended to all the employees, said a top official of All India Bank Employees’ Association (AIBEA). The AIBEA is the largest union in the banking sector […]

Chennai: With the conciliation meeting between bank unions and the Central government failing, about 10 lakh bank employees will strike work for two continuous days – March 15 and 16 – protesting against the government decision to privatise public sector banks, the All India Bank Employees’ Association (AIBEA) said on Thursday. According to AIBEA General […]