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Federal Bank officers strike work for a day

03 May 2012 Evaluate

Federal Bank’s officers were on strike on Wednesday against transfer of a group of branch managers and officers in the bank who didn't attend the ‘Federal Ambassadors' meets. All-India Bank Officers' Confederation (AIBOC) extended its support to the cause of officers.

These Federal Ambassadors meets are held on Sundays and holidays. The transfers were ordered to upcountry places and relieving of these officers was effected within two hours of it. Officer and employee organizations have been requesting the management not to insist on official work on Sundays and holidays.

The striking officers and activists of AIBOC held demonstrations in front of offices of Federal Bank in several important centers in the State. They have warned of a serve agitation if the transfer orders were not cancelled and cordial industrial relation climate restored in the bank.

Peers
Company Name CMP
HDFC Bank 713.00
ICICI Bank 1345.00
Axis Bank 1238.05
Kotak Mahindra Bank 417.00
Indusind Bank 960.00
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