Legal Question in Banking Law in India

I am an aspiring bank employee and therefore to understand my rights posting the following questions

A) Are bankers in India, covered under Factories' Act? If so, does the bankers enjoy the working hours requirement of Factories? Please indicate the relevant sections of the law to understand this better

B) If I am deliberately and repeatedly delayed everyday on account of my work from seniors, does it warrant violation of any law? For e.g. I am requested to work from 9AM to 9PM everyday, does it attract any legal recourse?

C) Being a woman, am I entitled for any security during the office hours and during commute? Being in banking industry, we are constantly threatened and blocked (occasionally abused violently) due to sensitive nature (money, non repayment of loan etc) of the subject dealings of customer. Is there any legal recourse for this?


Asked on 2/13/15, 9:44 am

1 Answer from Attorneys
Fca Prashant Chavan Expert Edge LLP

14.02.2015

Dear Sir / Madam,

Here are my answers to your queries :

A) Banking personnel are not covered under the Factories Act. They are covered under the following Acts :

i). Reserve Bank of India Act, 1934;

ii).Indian Banking Regulations Act, 1949;

iii).Industrial Disputes (Banking Companies) Decision Act, 1955.

B) Delay in working may result on account of two reasons :

Lack of proper job definition and authority, duties and responsibilities and role clarity;

Lack of training to complete assigned tasks on a timely basis.

You should analyze the root causes for your persistent delay in Office and try to curb all unnecessary acts and actions which delay completion of your tasks Eg unwanted chatting with peers and subordinates and office gossip.

C) You are in the best position to take care of yourself and your job. No Bank provides an escort to its employees. We are in an era of women empowerment. Army Chief Pooja Mathur gave the guard of honour to President Barack Obama at the Republic Day parade. Women have advanced leaps and bounds so do not remain cowed down.

Regards,

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Answered on 2/13/15, 10:41 pm


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