New Delhi, Dec 18 – Operations at public sector banks are likely to be hit Wednesday with trade unions planning a one-day strike to push for wage revision and other demands, Press Trust of India (PTI) reported.
“The strike stands as the conciliation meeting between the unions and Indian Banks’ Association (IBA) failed to reach an amicable solution on Tuesday,” said United Forum of Bank Unions (UFBU) convener C H Venkatachalam.
Banks including the country’s largest lender State Bank of India (SBI) have informed customers of possible disruptions to operations that may result from the strike.
General secretary of National Organisation of Bank Workers, Ashwini Rana, said the Indian Banks’ Association had held discussions on wage revision with the United Forum of Bank Unions on Dec 14.
Following a series of discussions, the IBA said they would be able to offer a pay increase of 5 percent.
“Since their offer was too low and not acceptable to the unions, it has been decided to go ahead with the strike,” Ashwini said.
– Bernama
