RBI employees to strike on March 12 | india | Hindustan Times
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RBI employees to strike on March 12

india Updated: Mar 02, 2008 18:15 IST

The All India Reserve Bank Employees' Association (AIRBEA) has decided to go on strike on March 12 demanding a halt in outsourcing of important central banking functions and recruitment of new staff.

Announcing the decision, that is likely to affect banking operations throughout the country, AIRBEA general secretary Samir Ghosh claimed that the bank was seriously under-staffed and recruitments must be made immediately instead of going for outsourcing.

He also demanded opening of full-fledged Reserve Bank offices in all state capitals.

Noting that there has been a ban on recruitment of base level cadres for almost a decade and a half, Ghosh claimed that the shortage was "having serious impact on the country's banking system and economy."

"The total strength of the assistants cadre, the main operational cadre in the bank, has been reduced from 19,000 in 1995 to less than 6,000 now," Ghosh said in a statement.

The AIRBEA general secretary claimed that to offset the shortage of staff, Reserve Bank was outsourcing its jobs at random.

He noted "having failed to persuade the RBI management, the AIRBEA has taken recourse to the one-day strike to draw national focus to the state of affairs prevailing in the country's central bank."