ICICI Financial institution, one of many main personal sector banks in India, finds itself embroiled in a big controversy. Latest reviews counsel that numerous staff have been unjustly terminated by the financial institution.
In response, these staff have taken authorized motion towards ICICI Financial institution, demanding an intensive investigation into the matter.
Including to the financial institution’s woes, the Labour Commissioner has summoned the Managing Director and CEO of ICICI Financial institution, Mr. Sandeep Bakshi, to a gathering scheduled for June 28, 2024.
The Labour Commissioner’s workplace has obtained quite a few emails alleging that ICICI Financial institution has engaged within the unlawful termination of staff with out offering satisfactory prior discover. Moreover, it has been claimed that the financial institution continues to ignore established processes and insurance policies on this regard.
The assembly between the Labour Commissioner and ICICI Financial institution’s management guarantees to make clear the allegations and decide the suitable plan of action. Because the controversy unfolds, all eyes are on ICICI Financial institution, as the result of this investigation may have far-reaching implications for the financial institution’s popularity and standing inside the business.
Staff have turned to social media platforms to voice their discontent concerning the financial institution’s purported unethical conduct. Based on reviews, a number of staff, together with ladies, have been terminated with out satisfactory discover or legitimate justifications.
Staff who’ve shared e mail screenshots declare that the financial institution has heartlessly compelled them out of their positions, ignoring their pleas and grievances. Moreover, there are allegations that the financial institution’s Human Sources division is exerting vital strain on staff, coercing them to resign towards their will.
This sudden termination has precipitated vital hardships for the staff, together with monetary difficulties, incapacity to satisfy primary wants, paying off loans, dealing with medical emergencies, and protecting kids’s faculty charges and look after aged mother and father. Regardless of their efforts to contact HR Administration for a correct response, none of their emails or calls have been answered.
Tragically, one worker from Uttar Pradesh has dedicated suicide. Staff report experiencing exploitation, humiliation, and an unsuitable work atmosphere because of biased senior employees who persistently demotivate and belittle junior staff.
