Infocomm Infocomm
24th NBFC100 TECH SUMMIT AWARDS 24th NBFC100 TECH SUMMIT AWARDS
BFSI AI SUMMIT BFSI AI SUMMIT
Home Regulators RBI SEBI TechINFRA Security Data Centre Cloud Services Government Reforms DBT Aadhaar GST Payments Payment Gateways ATM Point of Sale Payment Wallets Fintech Apps Banks Public Sector Private Sector Cooperative NBFCs Year Ender Magazine Magazine Subscription Articles Interviews Webinars Webinar Videos Video Series — Innovation Talk Upcoming Initiatives BFSI Events About Us Contact Us

AIBEA to join nationwide strike on November 26

Bank strike

The All India Bank Employees’ Association (AIBEA) on Tuesday announced that it would be joining the one-day nationwide strike on November 26. The strike has been called by central trade unions in a bid to protest against the government’s anti-labour policies.

Except Bharatiya Mazdoor Sangh, ten central trade unions will be observing a nationwide general strike on November 26.

AdvertisementElets BFSI AI Summit & Awards, Mumbai

“Lok Sabha in its recently held session has passed three new labour enactments by dismantling existing 27 enactments in the name of ‘Ease of Business’, which are purely in the interest of corporates. In the process, 75 per cent of workers are being pushed out of the orbits of labour laws since they will have no legal protection under the new enactment,” said AIBEA in its official communiqué.

AdvertisementSAAS

AIBEA represents most banks except State Bank of India and Indian Overseas Bank. Around four lakh bank employees from various public and old private lenders and a few foreign banks are its members.

The official communiqué stated that in Maharashtra, around 30,000 bank employees from 10,000 bank branches of public sector banks, old generation private sector banks, regional rural banks and foreign banks will be observing the strike.

AdvertisementInfoComm India 2026

The participation of Union Bank employees on November 26 will also be focusing on their demands pertaining to opposition to bank privatisation, opposition to outsourcing and contract system, adequate recruitment, severe action against big corporate defaulters, inflation of rate of interest on bank deposits and reduction in service charges.

“The present government is pushing its agenda of privatisation in the name of ‘Aatmnirbhar Bharat’, and is resorting to large scale privatisation in core sector of the economy which includes banking,” said the release.

Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/

Get a chance to meet the Who's who of the Banking & Finance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram.

Our Coverage of News

Stockal: Investors Allege ₹100 Cr Unauthorised US Trades

Nearly 30 Indian retail investors have alleged losses exceeding ₹100 crore after unauthorised trades on Bengaluru-based wealthtech platform… Read more →

Cashfree Opens Hosted Checkout to AI Shopping Agents

Cashfree Payments on 6 November 2026 launched Checkout for Agents, a WebMCP-based layer that lets artificial intelligence (AI)… Read more →

RBI Mandates API Safeguards for Bank-NBFC Transfers

The Reserve Bank of India (RBI) on 3 November 2026 issued a confidential Cyber Security and IT Risk… Read more →

SEBI Lets Fund Managers Certify Accredited Investors

The Securities and Exchange Board of India (SEBI) on 5 November 2026 eased the framework for SEBI accredited… Read more →

Moneyview Q2 Profit Hits ₹201 Crore After October IPO

Moneyview Limited reported a consolidated profit after tax of ₹201 crore for the quarter ended 30 September 2026… Read more →

PFRDA Targets ₹100 Lakh Crore NPS AUM via Banks, UPI

Pension Fund Regulatory and Development Authority (PFRDA) Chairman S. Ramann said on 4 November 2026 that National Pension… Read more →

whatsapp--v1