March 24, 2023 1:46 am

Are bank employees’ unions proposing longer work hours for what reason?

Several bank unions have proposed an increase in work hours in a bid to achieve a five-day working week. All India Bank Employees’ Association (AIBEA) has submitted a list of proposals to the Indian Banks’ Association.

Hindustan Times’ business website Livemint reported that the union proposed increasing working hours by 30 minutes and starting the present working hours 30 minutes earlier. As part of the union’s proposal, the current customer service hours will be extended by 30 minutes.

The bank employees’ union sent a letter proposing 9.15am to 4.45pm instead of 9:45am to 4:45pm for the proposed working hours. In the proposal, the cash transaction hours would be revised to 9.30 am to 1.30 pm and 2 pm to 3.30 pm.

According to the Livemint report, the union proposed the revised non-cash transaction hours to be 3.30 p.m. to 4.45 p.m. According to CH Venkatachalam, president of AIBEA, the union has been pushing for five-day work weeks in banks. Last year, the Life Insurance Corporation introduced it.

An Indian Banks Association official informed the union that two Saturdays had been lost and asked for its views. According to him, the working hours can be increased by thirty minutes, and he expressed hope that IBA, the Centre, and the RBI will agree.

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