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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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BCSBI (THE BANKING CODES AND STANDARDS BOARD OF INDIA)

bcsbi


Important Facts About BCSBI -  


1. Registered in 2014 as a separate society under Society Registration Act, 1860

2. Registered Office - Mumbai

3. Open to all scheduled commercial banks on voluntary basis

4. Applicable to RRB also

5. Managed by Governing Council consisting of not more than 6 members (3 from RBI , 2 from Members Banks)

6. RBI extends financial support to meet its expenses although it is not a department of Reserve Bank of India

7. Rating Parameters of BCSBI -

- Customer Centricity

- Transparency

- Grievance Redressal

- Customer Feedback

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