INSUBCONTINENT EXCLUSIVE:
Bank employee unions have been opposing the 2% wage hike proposed by the Indian Banks' Association (IBA)
Banking operations could be hit as employees of state run banks are set to go on a two-day strike starting Wednesday, May 30
Bank employee unions have been opposing a 2 per cent wage hike proposed by the IBA or Indian Banks' Association, among other demands
Several rounds of talks between banks and the unions of their employees have failed to make any headway so far
The UFBU or United Forum of Bank Unions, an umbrella body of bank unions, had earlier this month notified a 48-hour-kong strike starting at
6:00 am on May 30.Bank union leader Ashok Gupta told TheIndianSubcontinent that talks between the group of bank unions and the banks'
association failed on Monday
He said the IBA refused to discuss their demands
The official further said that bank unions are not ready to accept a wage hike below 14-15 per cent
The wage revision has been due since November 1, 2017
In the last wage revision in 2012, employees had received a wage rise of 15 per cent, news agency Press Trust of India cited West Bengal
convenor of UFBU Siddhartha Khan as saying.State Bank of India (SBI) had said in a regulatory filing on May 21 informed the Bombay Stock
Exchange about the bank strike
"we have been advised by the Indian Banks' Association that UFBU has served a notice of strike, informing their decision to go on nationwide
bank strike" on May 30 and May 31, it had said."All India State Bank Officers' Federation and All India State Bank of India Staff Federation
Thus, it is likely that our bank will also be impacted to some extent by the said strike calls," according to SBI, the country's largest
bank.United Forum of Bank Unions (UFBU) is an umbrella body of bank unions including All India Bank Officers' Confederation (AIBOC),
National Confederation of Bank Employees (NCBE), All India Bank Officers Association (AIBOA) and Bank Employees Federation of India (BEFI).
