On 4 December, employees of the State Bank of India (SBI), Punjab National Bank (PNB) and Punjab & Sind Bank are set to go on strike. Following this, on 5 December, employees of Bank of Baroda and Bank of India will join the strike. Canara Bank and Central Bank of India employees will follow suit on 7 December, while Union Bank of India and Bank of Maharashtra employees will be on strike on 8 December. Private banks are scheduled to go on strike on 11 December.
The All India Bank Employee Association (AIBEA), in its set of demands, has emphasised the need for the government to halt the outsourcing of permanent jobs in banks. Additionally, they have called for sufficient recruitment of Award Staff within the banking sector.
C.H. Venkatachalam, the general secretary of AIBEA, has highlighted concerns about the outsourcing of jobs by certain banks, citing potential risks to customer privacy and financial security. Moreover, he pointed out instances where some banks have violated the Industrial Disputes (Amendment) Act. Despite intervention by labor authorities, certain managements have disregarded their advice, breached the provisions of the Industrial Disputes Act, and forcibly transferred employees.