This PSU Bank Union announce Strike on 21 and 22 April

The bank's most recent transfer policy has drawn harsh criticism from the All India UCO Bank Officers' Federation (AIUCBOF), which describes it as "anti-officer" and a willful attempt to restrict workers' rights. General Secretary Sandeep Chowbey has written to the Managing Director and CEO of UCO Bank, requesting that the updated transfer policy, which was issued on March 29, 2025, be immediately withdrawn and that officers' employment conditions be improved.

Frustrated by the lack of response from the management, AIUCBOF has announced a nationwide organizational agitation starting April 2, 2025, and a two-day strike on April 21-22, 2025. The union has warned that further action may be taken if their grievances are not addressed. The federation has raised several objections regarding the transfer policy, such as:

• Unilateral Changes: The policy was revised twice in five months without incorporating officers’ inputs.
• Deterioration of Service Conditions: Key provisions, such as repatriation rules, transfer exemptions, and work-life balance considerations, have been altered against officers’ interests.
• Anti-Lady Officer Provisions: AIUCBOF has accused the bank of not implementing transfer benefits for female officers in the true spirit of the policy.
• Reduction in Maximum Retention Period: The allowed tenure has been reduced from 13 years to 8 years, causing distress among officers.
• Unfair Performance-Based Transfers: The bank has linked punishment transfers to performance, a move AIUCBOF calls subjective and prone to misuse.

Attack on Trade Unions Alleged

The union has also accused the bank of attempting to weaken trade unions by reducing exemptions for office bearers and introducing arbitrary restrictions on union leaders’ tenure. AIUCBOF warns that this move threatens the democratic representation of officers within the bank. Apart from the transfer policy, AIUCBOF has highlighted other longstanding issues, including:

• Acute staff shortages, forcing officers to perform clerical duties.
• Excessive work hours and unpaid overtime leading to health hazards.
• Workplace harassment, including misbehavior from senior management and punitive transfers for raising concerns.
• Lack of financial relief, such as TDS absorption on perquisites, despite other banks providing this benefit.

AIUCBOF has urged UCO Bank to reconsider the policy and hold discussions with officers before implementing any changes. The federation maintains that officers in Scales I, II, and III are crucial in driving the bank’s business and should not be subjected to arbitrary policies that undermine their rights. With the April 21-22 strike looming, the ball is now in UCO Bank management’s court to address officers’ grievances and avoid disruption in banking services.

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IBPS Clerk Result 2025 Released, Check Selection - Vacancy wise in PSU Banks

The results of the 2025 Clerk Recruitment Exam have been made public by the Institute of Banking Personnel (IBPS).  11,830 applicants were chosen for the Clerk position.  The position was previously open for the hiring of 6,128 clerks.

IBPS Clerk Mains Result 2025 : To check scores online, candidates need to follow these steps:

Open the official website of IBPS, ibps.in.

Click on theIBPS Clerk Mains Result 2025 link available on the home page.

Enter your login details.

Submit and check your results.

Bank Wise Selected Candidates in IBPS Clerk 2025

Bank Name	Original Vacancy	Revised Vacancy
CENTRAL BANK OF INDIA	2,000	2,000
CANARA BANK	1,250	2,000
PNB	1,785	1,797
BANK OF INDIA	331	1,618
INDIAN BANK	0	1,580
BOB	0	1,200
PUNJAB & SIND BANK	522	527
BANK OF MAHARASHTRA	0	499
UCO BANK	0	384
IOB	240	225
Total	6,128	11,830

State Wise Selected Candidates in IBPS Clerk 2025

State Name	Original Vacancy	Revised Vacancy
UTTAR PRADESH	1246	2137
MAHARASHTRA	590	1353
TAMILNADU	665	1191
KARNATAKA	457	883
GUJARAT	236	756
WEST BENGAL	331	687
MADHYA PRADESH	354	630
PUNJAB	404	555
RAJASTHAN	205	408
DELHI	268	400
BIHAR	237	397
ODISHA	107	281
CHHATTISGARH	119	262
ANDHRA PRADESH	105	261
KERALA	106	244
TELANGANA	104	230
HARYANA	190	226
JHARKHAND	70	194
ASSAM	75	190
HIMACHAL PRADESH	67	140
UTTARAKHANDGOA	29	73
	35	71
J & K	20	64
TRIPURA	19	38
ARUNACHAL	10	27
CHANDIGARH	39	25
PUDUCHERRY	8	17
MANIPUR	6	14
NAGALAND	6	14
DADRA+DAMAN &DIU	5	13
SIKKIM	5	13
MIZORAM	3	11
ANDAMAN	1	10
MEGHALAYA	3	8
LADAKH	3	5
LAKSHADWEEP	0	2
TOTAL	6128	11830

Click here for notification regarding provisional allotment of CRP-CSA-XIV

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Latest Update on Privatisation of Public Sector Banks

The government's intention to privatize two public-sector banks (PSBs) has reportedly been put on hold. The Indian government recently declared its intention to privatize a number of public sector banks. However, since the PSU Banks are now profitable and have exhibited strong performance, the idea has been delayed. 

The following are the primary causes of the delay in bank privatization: 

Public Trust in PSU Banks and Bank Unions

In recent years, PSBs have reported strong financial growth, even outperforming some private banks. Their combined net profit surged to ₹1.41 lakh crore in 2023-24, up from ₹1.05 lakh crore in 2022-23.

Experts had predicted that following the conclusion of the general elections in May 2024, the government would move forward with the privatization of PSU Banks. However, this did not occur. In line with the new Public Sector Enterprise (PSE) policy, which sought to restrict the number of public-sector players in vital industries to four, Finance Minister Nirmala Sitharaman had first declared plans to privatize two PSBs in the Union Budget for 2021–2022. The decision was also meant to encourage general growth and increase competition in the banking industry.

However, the government has yet to finalise the necessary amendments to key laws, including the Banking Companies (Acquisition and Transfer of Undertakings) Acts of 1970 and 1980 and the Banking Regulation Act of 1949, which are required to facilitate privatisation.

The government finds it difficult to privatize PSU banks. These are very big banks and are vital for the growth of the Indian Economy. Additionally, Indians have faith in public-sector banks. The government and high-ranking officials may have changed their minds in the wake of YES Bank's demise and the current bad press regarding IndusInd Bank. 

 The government has direct control over a number of economic factors through public sector banks. Additionally, through a number of government-sponsored initiatives, the government has brought these public sector banks and the general public together. Private sector banks prioritize making money, and there is concern that they may not be as interested in supporting government initiatives.

Aside from this, employees and bank unions have strongly opposed the privatization plan. Unions contend that by directing public savings into priority industries like agriculture, PSU Banks contribute significantly to the development of the country. India's economy has developed quickly because of these institutions. Strikes against privatization have been threatened by bank unions. This persistent opposition is said to be a major factor in the government's reluctance to proceed with its plans for privatization.

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New Chairman and Deputy Chairman elected in IBA

According to a release, CS Setty, the chairman of State Bank of India (SBI), has been chosen as the next chairman of the Indian Banks' Association (IBA) governing committee. Tools for managing finances 

 In addition, Madhav Nair from Bank of Bahrain & Kuwait B.S.C., MD A. Manimekhalai, and MD Swarup Kumar Saha from Punjab & Sind Bank have been named Deputy Chairmen of IBA. B. Ramesh Babu, MD of Karur Vysya Bank, has been chosen to serve as Honorary Secretary. 

 Atul Kumar Goel, a former MD of Punjab National Bank, was appointed CEO of IBA earlier this month, replacing Sunil Mehta. On important sectoral issues, the IBA, the trade association for public and private sector banks, helps bankers and the banking regulator consult.

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PLI Scheme for Senior Officers in PSU Banks Put on Hold

 There is a lot of talk about the new PLI scheme that banks have created for senior personnel. A few days ago, UFBU wrote to IBA requesting that banks delay the introduction of the new PLI scheme. The IBA has now been directed by the Chief Labour Commissioner to request that banks halt the new PLI Scheme. The new PLI scheme, according to bank employees, is discriminatory. Scale IV and higher officers will receive nearly double their wage, while Scale 1, Scale 2, and Scale 3 officers will receive the standard PLI.

Grade	PLI Ceiling as % of Annual Basic Pay
EDs and MDs of Nationalised Banks, DMDs, MDs, and Chairman of SBI	100%
Scale VII and Scale VIII	90%
Scale V and Scale VI	80%
Scale IV	70%

Please refer to the letter No. Nil dated 26.03.2025 of UFBU addressed to you, endorsing a copy thereof to this office along with others in connection with conciliation proceedings dated 18th and 21st March 2025 in File No. 21(17)/2025-IR of CLC(C). The contents of the letter of UFBU are self-explanatory.

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