Feature Post

UFBU Calls Off Nationwide Bank Strike on 24th and 25th Mar 2025 After Assurances from Finance Ministry and IBA

I n a significant development on March 21, 2025, the United Forum of Bank Unions (UFBU) has decided to call off their two-day nationwide strike, which was originally planned for March 24 and 25. This decision was made after the UFBU received positive reassurances from both the Finance Ministry and the Indian Banks’ Association (IBA) regarding their key demands. The banking unions, under the umbrella body of UFBU, represent employees from nine major unions across the country, including AIBEA, AIBOC, NCBE, AIBOA, and BEFI. The unions had earlier called for the nationwide strike to protest against several ongoing issues that they believe impact the welfare and job security of bank employees. Key Issues Behind the Proposed Strike The strike was initially called by UFBU to address a range of pressing concerns, some of which have been lingering for years. The union's main demands included: Five-Day Workweek for Bank Employees:  One of the most anticipated demands was the implementation o...
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Challenges in Banking as a Career

Although banking is very lucrative career but employees have to accept challenges for the same. It is all about finance based. So there is no scope of mistake. As number of competitors is increasing in financial sector, business growth is also looks difficult while all financial institutions are working to grow and making profits. It is linked with global economy also, due to that any changes in global economy may impact business of banks or financial institutions. For instance, banks provide home loans to individuals. If global economy is not good, individual feels not safe in terms of finance and he avoids such loans that ultimately impacts business of banks or financial institution. We have already seen such examples in past couple of years. But for sustainability of banks and financial institution, business is required. That ultimately creates pressure on employees involved in these organizations related operations.  

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