'Bank Employees Deserve Better Wage Settlement'
Channel: NewsClickin
Date: 2020-09-18

A memorandum of understanding over wage revision was signed between the Indian Banks’ Association (IBA), representing the bankers, and the United Forum of Bank Unions (UFBU), a coming together of nine workmen unions and officers’ associations on July 22. However, the Bank Employees Federation of India (BEFI) had abstained from the deal and protested. While the protest continued, CP Krishnan, Joint Secretary of BEFI, spoke to NewsClick about the reasons for abstaining and the concerns of the bank employees. He said that bank employees have been denied their rights for many years and UFBU is not functioning democratically in recent times.