The art of governance seems to have found a new formula: agreements can be signed today and implemented sometime in the future.
Five-Day Banking was recorded in the MOU of 7 December 2023 and incorporated in the 9th Joint Note of 8 March 2024. Employees accepted 40 additional minutes every day. Yet the agreement still waits for implementation.
Meanwhile, the revised PLI matrix can push 20% of officers into a zero-PLI bracket even when the bank performs excellently.
So, the agreement gets a waiting list, while the inequality gets a framework.
Government must honour its commitment and withdraw discriminatory PLI.
Banking needs fairness and collective recognition, not delayed promises and compulsory losers.
#5DayWeekandFairPLI #FBOIOA
@DFS_India@PMOIndia@nsitharaman@nsitharamanoffc@FinMinIndia@LabourMinistry
Addressing interactions between the officers assigned roles and incentives rooted in calculated performance measures needs redoing! #5DayWeekandFairPLI#AIBOC@PMOIndia
An agreement must be honoured. A reward system must be fair.
#5DayWeekandFairPLI
The 5 Day Work Week for bank employees was agreed in the Bipartite Settlement of March 2024. Its implementation cannot remain pending indefinitely.
At the same time, a unilateral and discriminatory PLI framework that divides the workforce must give way to a fair, transparent and inclusive system for all employees.
Every achievement of our banks is the outcome of collective effort.
Recognition too must reflect that collective contribution.
We seek no privilege, only implementation of an agreed commitment, equality in reward and dignity at work.
@PMOIndia
#FBOIOA
#5DayWeekandFairPLI
#5DayWeekandFairPLI
5 DAYS BANKING — OUR RIGHT
UNILATERAL PLI — WE REJECT
PENDING ISSUES — RESOLVE NOW!
ONE VOICE , ONE STRUGGLE
ONE UNITY
UFBU ZINDABAD
5 DAYS BANKING ZINDABAD #FBOIOA
Positive workplace environments thrive in fairness; liquidating bureaucratic tendencies proves essential in regards to PLI initiatives! #5DayWeekandFairPLI#AIBOC@PMOIndia
PSBs TURNED THE STORY AROUND. DID EMPLOYEE RECOGNITION?
From 14.58% GNPA in March 2018 to just 1.93%, Public Sector Banks have delivered a historic turnaround—while achieving record profits with fewer hands.
Yet, 5-Day Banking remains pending, and the revised PLI framework raises serious concerns about employees being left with little or no incentive.
When success is collective, why should recognition be selective?
The people who delivered the turnaround deserve a system that recognises their contribution.
Implement 5-Day Banking. Make PLI fair, inclusive and collective-performance based.
@DFS_India@PMOIndia@nsitharaman@nsitharamanoffc@FinMinIndia
#5DayWeekandFairPLI #FBOIOA
#AIBOC
Banks and other financial institutions enjoy a better work-life balance, making 5-day banking a necessity for us too. #5DayWeekandFairPLI#AIBOC@PMOIndia
India’s Bank employees seek two things rooted in fairness and dignity at work.
#5DayWeekandFairPLI
The demand for a 5 Day Work Week in banks is not new. It already stands agreed upon in the Bipartite Settlement of March 2024. What remains is its long-pending implementation.
At the same time, the unilateral and discriminatory PLI system must be abolished and replaced with a fair, transparent and inclusive framework for all employees, recognising the collective effort behind every institution’s performance.
Hardworking bank employees are not asking for privilege. They are asking for implementation of an agreement and equality in reward.
A motivated banking workforce strengthens Indian banking and the nation.
@PMOIndia