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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LOK ADALAT (Breif Notes)



Important Points Regarding Lok Adalat
  •  Established under legal services authority act 1987.
  •  Civil Court.
  •  No court fee.
  •  No Dispute cases.
  •  Decree is a consent decree and no appeal can be made against  Lok Adalat. 


  •  Two Levels.
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           2) >20 Lac Lok Adalat Organised by DRT.
  • RBI Guidelines -  

       Types of Accounts for Lok Adalat
        1) Doubt full a/c
        2) Loss Account

  • Repayment - Preference for one time up front payment installment up to 3 years is accepted.



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