Published On: Thu, Nov 19th, 2015

Over 17000 RBI employees go on ‘one day mass causal leave’

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Major banking transactions took a hit on Thursday as over 17,000 employees of RBI went on ‘one-day mass casual leave’ protesting against reform measures of the central government and seeking better retirement benefits.

Among the services that were affected were cheque clearances, payments and settlements and forex transactions.

The protest — the first at the apex bank in six years — was called by the United Forum of Reserve Bank Officers and Employees, the umbrella organisation of four recognised unions of officers and other employees at the central bank.

“It’s fully successful across the country and payment and settlement system is not functioning,” said Samir Ghosh, convenor of the united forum of four RBI unions.

The agitation is to protest the government’s plan to curtail RBI’s role in public debt management and against the government’s plan to increase its stake in the monetary policy committee. The employees are also demanding revision of basic pension, which remained fixed and immutable.

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