BANK UNIONS TO GO ON TWO-DAY NATIONWIDE STRIKE

According to reports, the employees of state-run banks have decided to protest against the Indian Banks’ Association’s offer of 2% wage hike and to hold a nationwide strike for two days from May 30. The IBA made the offer during the wage negotiation meeting held on May 5, 2018. Further, the negotiations on officers demands would be restricted up to scale III officers only, the Association maintained.

Devidas Tuljapurkar, convenor of United Forum of Bank Unions (UFBU), has reportedly said that the banks suffered losses due to the provisions towards Non-Performing Assets (NPA) and employees cannot be held responsible for that. He also added that employees of banks have worked tirelessly in the last two years for the implementation of government initiatives such as Jan-Dhan and demonetisation.

Notably, the IBA had given a wage hike of 15% for the period November 1, 2012, to October 31, 2017.