SBI to curb trade union activity

The move is likely to interrupt the regular flow of money to the bank's union which in turn could impact their activities across the country

GN Bureau | September 27, 2013



State Bank of India has cancelled the check-off facility to its officers’ federation making it the bank’s biggest measure to come down hard on trade union activities.

According to a report in Mint, the country’s largest bank used to directly transfer the subscription fee of the member officers (including 70,000 officers) from their salary accounts to the association’s account towards the end of every month. This check-off facility ensured regular inflow of money for the union which was used to undertake activities across the country.

The bank’s decision to terminate this facility comes as another roadblock for the union which has been in a battle with the bank for some time now. The union is known to have put the bank in trouble on various employee-related policies and the bank is reported to have returned the favour by taking action against those officers by transferring them to remote areas and issuing chargesheets in some cases.

The practice until now was that at the time of joining, employees submitted in writing to the bank allowing them to deduct around Rs 100-200 each month from their salaries. The bank has however, discontinued this practice and instead asked the members of the All India State Bank Officers’ Federation (AISBOF) to individually pay their subscription fees.
 

Comments

 

Other News

Master sculptor recalls the making of the Shankaracharya statue

The Golden Chisel: The Story Behind the Making of Ram Lalla  By Seethalakshmi S. and Rahul Nandan Rupa Publications, 168 pages, Rs 395  

Mumbai’s missing affordable homes

Mumbai’s real estate market keeps growing, yet homeownership remains out of reach for much of its population. Three experts – urban researcher Hussain Indorewala, urban planner Vidyadhar Phatak and developer Kamlesh Thakur of NAREDCO Maharashtra, agree that simply constructing more apartments

Rubio denies US foreknowledge of Starlink restrictions in Ukraine

US secretary of state Marco Rubio has said he was unfamiliar with the Wall Street Journal report suggesting Elon Musk had decided to throttle Starlink services in Ukraine, but rejected claims that Washington had ordered the restrictions to pressure Kyiv.   “There was no

Can AI change India’s breast cancer story?

Breast cancer has become a public-health challenge in India. The greatest opportunity is to find cancers earlier. Artificial intelligence (AI) is opening a new era in breast cancer detection. AI systems can analyse mammograms and other breast-imaging studies, identify subtle abnormalities and assist radi

Farm stability in the time of climate change

Indian agriculture is experiencing significant climate volatility, while the world economy seems to be in a highly volatile situation. Economic indices from various countries show that they need to recalibrate their strategies to withstand economic headwinds. In such a challenging situation, a country li

El Niño threatens India’s Rabi crops

India’s southwest monsoon ended with a 13% rainfall deficit in 2026, its weakest performance in a decade, raising concerns over agricultural production, water security and the upcoming rabi season. With El Niño expected to persist into early 2027, experts warn that declining soil moisture, dep

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter