Conciliation meeting held today No positive response from IBA and DFS
Strike stands – go ahead Make the 3 Days Strike on 28th, 29th, 30th Sept. a success
Ma'am,
the comparison with hotel services may not fully fit the banking sector today. A hotel depends mainly on physical presence for its core services, whereas banking has been transformed by Digital India through UPI, mobile banking, internet banking, ATMs, IMPS, digital KYC and many other services. Customers can now access a large part of their banking needs digitally, without visiting a branch. When more than 150 countries across the world follow a five-day working pattern, the top developed economies have adopted five-day working, and five-day working is also followed in 9 of the 11 BRICS countries, it is reasonable to ask why the banking workforce in India should continue with a six-day working pattern. Digital banking has already changed the way banking services are delivered, so Five-Day Banking is about modernising the working pattern of bankers, not reducing banking services.
Instead of focusing the discussion only on Five-Day Banking, I request you to also raise the larger issues affecting bankers. How many vacancies are there in our banks? Is recruitment adequate to handle the continuously increasing volume and complexity of banking work? Why are experienced bankers leaving the sector? What is driving the rising attrition in parts of the banking industry? Why is the younger generation, including #GenZ , becoming more conscious about work-life balance and sustainable working conditions while choosing a career? These are important questions about the future of banking and its workforce. Bankers are implementing financial inclusion, government schemes, digital banking and the growing demands of the Indian economy every day. Their staffing, workload, recruitment and retention deserve equal attention.
India itself has numerous institutions following five-day working arrangements. RBI, DFS, CVC, Ministry offices and NABARD have followed five-day working since 3 June 1985; SEBI since 1988; NSE since 1994; IRDAI since 1999; BSE since 2001; NPCI since 2008; and LIC since 10 May 2021. Across India, Central Government institutions, State Government establishments and several PSUs also follow five-day working arrangements. If 150+ countries across the world, leading developed economies and 9 out of 11 #BRICS countries can function with a five-day working pattern, and so many Indian institutions already do so, there is no reason for banking alone to remain tied to six-day working. The real discussion should be about adequate recruitment, sufficient staffing, employee retention, workload, work-life balance and building a strong banking workforce for the future.
Ma'am, #5DayBanking is not a demand to work less for customers; it is a demand to modernise the working system in a banking sector that has already changed dramatically.
@suchetadalal@FinMinIndia@nsitharaman Lockers - It's always a Physical visit
KYC updates - Once in Years
Remittance issues - Negligible
Closing demant/ cards - Once
So Basically Physical Visit is negligible, and if needed one can take break to visit, like Bankers take for own work. Atleast Banks have Digital Channel
DFS Calls Meeting with Bank Heads Ahead of 3-Day Strike on 5-Day Banking
The Department of Financial Services, Ministry of Finance, has called a meeting with heads of banks, NABARD & IBA on September 21, ahead of the three-day strike announced by bank unions and associations.
5 Days Banking — Our Right, Our Voice! ✊
Five days of work,
Two days for family and life.
We serve the nation all week long—
We deserve balance, not endless strife.
We are bankers, but humans too,
With families, dreams and lives.
After giving our best every day,
Let us have two days to truly thrive.
The promise was made—
Now make it a reality!
5 Days Banking — implement it now! ✊
Unity is our strength.
Our voice cannot be ignored.
#5DayBankingNow #FBOIOA #AIBOC #UFBU
@aiboc_in@nilesh_pawar15@fboioa_india@saldanha_a75524@BOIOAMNG@AshishTekale_@PMOIndia@DFS_India
On 5 days banking week every section of management right from MD & CEO to regional head all are sympathetic to our strike because they all want 5 days banking week and still we are not able to follow ufbu call to leave office by 5.30 PM .
Then imagine our courage to leave office on time when union fight against bank management wrongdoings.
We are too scared and weak to fight real battle .
The adoption of 5 Days Banking promises to benefit the banking sector by improving employee satisfaction, productivity, and service quality while aligning the system with global norms.
#5DayBankingNow
The adoption of 5 Days Banking promises to benefit the banking sector by improving employee satisfaction, productivity, and service quality while aligning the system with global norms.
#5DayBankingNow
Indian public sector banks have been instrumental in implementing government schemes, leading the nation's digitalization efforts and extending benefits to grassroots communities. Now, employees rightfully demand #5DayBanking for a healthier work-life balance and stress-free living. It's time to prioritize well-being alongside efficiency.
#5DayBankingNow
@DFS_India@nsitharamanoffc@nsitharamanoffc@RBI@FinMinIndia
🏦 Honour the Commitment. Deliver 5-Day Banking NOW!
Bankers have waited long enough for this legitimate, long-pending demand. We serve the nation relentlessly, it's time our work-life balance receives equal recognition.
The commitment was made. Now it's time for implementation, not further delays!
@DFS_India@FinMinIndia@PMOIndia
#5DayBankingNow