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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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Why is JAIIB Certification Important?

 


Junior Associates of the Indian Institute of Bankers (JAIIB) is a professional certification program offered by the Indian Institute of Banking and Finance (IIBF). IIBF was established in 1928 and offers various courses related to banking career enhancement.

1. Skill Enhancement

The JAIIB certification program offers a comprehensive curriculum that equips banking professionals with essential skills. By understanding core banking principles, participants can better handle customer queries, manage accounts, and offer sound financial advice. This knowledge enhances efficiency and decision-making in day-to-day operations.

2. Career Advancement

For many banking professionals, obtaining the JAIIB certification is a stepping stone to career growth. It opens up avenues for promotions and higher responsibilities. Employers often view JAIIB holders as dedicated and knowledgeable candidates, making them more likely to be considered for managerial roles or specialized positions. Some of the bank gives incentive for completing JAIIB and gives additional increment also.

3. Credibility and Recognition

In the competitive banking landscape, standing out is crucial. JAIIB certification adds to an individual's credibility and marketability. It is a recognized qualification that signals to employers and clients that the professional has a solid foundation in banking operations and regulations.

 

 

4. Understanding Regulatory Compliance

The banking sector is heavily regulated, with numerous laws and guidelines that professionals must adhere to. The JAIIB curriculum covers the legal framework governing banking practices, enabling professionals to navigate compliance issues effectively. This understanding is vital for minimizing risks and ensuring that the bank operates within legal boundaries.

5. Enhanced Customer Service

Knowledge gained through JAIIB training can significantly improve customer interactions. Professionals who understand banking principles can provide better service, resolve issues more efficiently, and foster strong relationships with clients. Satisfied customers are more likely to remain loyal, which is essential for the bank’s reputation and growth.

6. Contribution to the Banking Sector

When banking professionals pursue JAIIB certification, they not only enhance their careers but also contribute to the overall integrity and effectiveness of the banking industry. A well-trained workforce can lead to improved financial stability, better customer service, and greater public trust in banking institutions.


 

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