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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Different Departments/Wings in Bank

Banks have several wings through which banks do the operations and keep tracking and maintain checks and balances. Normal wings of banks are
1. Human Resource                                  2. General Administration
3. Priority Credit                                       4. MSME
5. Inspection                                             6. Corporate Credit
7. Vigilance                                               8. Transaction Banking
9. Financial Management                         10. Customer Service
11. Strategic Planning and Development   12. Risk Management
13. Integrated Treasury                            14. Department of Information Technology
15. Recovery

Although in abstract, banks have main departments like below -
Human Resource Department , Cash Department, Accounts Department, Loan/Advances Department, Investment department, Information Technology department and treasury department.

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