UCO Bank announced that a strike called by major banking unions—AIBEA, BEFI, and AIBOA—may disrupt the functioning of its branches and offices. The bank has alerted customers about possible service interruptions, while unions press demands for improved working conditions and wage revisions. Operations could be affected nationwide.
UCO Bank has issued a public statement cautioning that a strike organized by leading banking unions - All India Bank Employees’ Association (AIBEA), Bank Employees Federation of India (BEFI), and All India Bank Officers’ Association (AIBOA), may impact the functioning of its branches and offices across India.
Key Highlights
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Strike Notice: The unions have formally served notice of the strike, pressing demands related to wage revisions, staffing, and working conditions.
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Operational Impact: UCO Bank has acknowledged that services at branches and offices may be disrupted, potentially affecting customer transactions.
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Customer Advisory: The bank has urged customers to plan ahead, anticipating possible delays in routine banking operations.
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Sector-Wide Context: The strike reflects broader unrest in the banking sector, with unions seeking stronger commitments on employee welfare and regulatory compliance.
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Preparedness Measures: UCO Bank is expected to implement contingency plans to minimize inconvenience, though disruptions remain likely.
This development highlights ongoing tensions between banking unions and management, underscoring the need for dialogue to balance employee concerns with customer service continuity. The strike could have ripple effects across India’s financial ecosystem if prolonged.
Sources: Reuters, Economic Times, Business Standard