Conciliation Meeting Brings Positive Developments on Five Day Banking Demand
Kolkata: A crucial conciliation meeting was held yesterday morning, addressing key demands of bank employees. The meeting saw active participation from the Indian Banks’ Association (IBA) and the Department of Financial Services (DFS). The Joint Secretary of DFS joined via video call, informing attendees about the positive discussions between the Finance Minister and DFS Secretary regarding the implementation of a five-day banking system.
IBA suggested further deliberations on recruitment, Performance Linked Incentives (PLI), and other concerns. The Chief Labour Commissioner assured direct monitoring of the implementation process. The meeting has been adjourned and will reconvene in the third week of April. Considering the positive progress, the United Forum of Bank Unions has postponed the planned strike on the 24th and 25th, with a detailed circular to follow.
