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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URJIT PATEL – NEW RBI GOVERNER 2016

- The appointment has been made based on the recommendation of the Financial Sector Regulatory Appointments Search Committee (FSRASC), headed by the Cabinet Secretary.

- Will Be 24th RBI Governor

- Will take over charge from September 2016

- Born - 28 October 1963

- Currently Working as Deputy Governor Sine 2013

Education

 - B.Sc. (Economics) University of London – 1984
- M Phil from Oxford University – 1986
- Doctorate in Economics from Yale – 1990

Earlier Assignments

 - 1990-95 – Economist at International Monetary Fund & Deputy IMF resident representative in India
- 1995-97 – Adviser to RBI for Development of the debt market, banking sector & pension fund reforms
- 1997-06 – ED & Member of the management committee, IDFC
- 2006-07- NRI economic fellow, Brooking Institution, Washington DC
- 2008-09- President and macroeconomic risk assessment for overall business at RIL
- 2009-13 – Adviser, The Boston Consulting Group on energy and infrastructure

- 2013 -   Deputy Governor RBI

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