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Informist, Thursday, May 7, 2026

 

MUMBAI – All India State Bank of India Staff Federation has called a two-day nationwide strike on May 25 and May 26. The federation, which submitted a 16-point charter of demands to SBI Chairman CS Setty, alleged that the bank's management has violated employee rights and undermined job security. The federation asked the bank to stop outsourcing permanent jobs and mis-selling products.

 

"The policies that are being aggressively pursued by the management are not only anti-employee, but they strike at the very foundation of public sector banking," the federation said in a release. "They undermine job security, erode dignity in the workplace, and compromise the broader social responsibility that public sector banks are meant to uphold."

 

The federation asked the country's largest bank to stop mis-selling products disguised as cross-selling, saying it was putting pressure on staff to meet unrealistic targets. The federation also demanded that the outsourcing of permanent jobs be stopped, as it is likely to pose a direct risk of data misuse, fraud, and identity theft. 

The release said that SBI employees and officers who are under the National Pension Scheme have been denied the option to change their pension fund manager. It also said the bank's unilateral ban on inter-circle transfers for employees recruited after 2019 has led to personal hardships. The federation also said the bank has allowed up to 22?ditional pay to officers, while payments to workmen were capped at 17%.

The federation said it announced the two-day strike after discussions with the management failed to yield results.

 

The following are the 16-point charter of demands put forward by the federation:  

Recruitment of messengers

Recruitment of armed guards

Change of pension fund manager option to NPS employees

Inter-circle transfers to employees joined from 2019 onwards

Stop the outsourcing of permanent jobs

Recruitment of adequate staff

Parity issue in the State Bank of India

Review of career progression scheme

Notional 8th stagnation increment to 10th bipartite retirees

Physician consultation charges in effect from Jul. 15, 2024

Improvement in the medical reimbursement scheme

Add all pay components to the pension of 7th BPS retirees since retirement.

Resolve HRMS issues

Appointment of workmen employee director

Appointment of PF trustee nominee

Stop mis-selling in the name of cross-selling

 

End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Reported by Janwee Prajapati

Edited by Saji George Titus

 

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