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Operations at all the public sector banks and regional rural banks are likely to be affected for two days from January 20 as the United Forum of Banks Unions has given a strike call, demanding wage revision as well as the resolution of certain other issues.
The National Convener of UFBU M. V. Murali told PTI today the Centre and the Indian Banks’ Association (IBA) have failed to settle the 14-month long pending demand for 32 per cent wage revision for about a million strong staff in the banking sector.
He also urged the Government to immediately halt the ongoing reforms in the banking sector as it would pave the way for the arrival of a number of foreign banks.
Foreign and Indian private corporate sector banks would not serve the needs of the common man in any manner, Murali said.
The wage revision of public sector bank employees has been due since November 2012.
UFBU is an umbrella organisation of nine bank employees and officers' unions.
There are 27 public sector banks in the country with an employee strength of about 8 lakh. There are about 50,000 branches of these banks across the country.
Source: Thehindubusinessline
The National Convener of UFBU M. V. Murali told PTI today the Centre and the Indian Banks’ Association (IBA) have failed to settle the 14-month long pending demand for 32 per cent wage revision for about a million strong staff in the banking sector.
He also urged the Government to immediately halt the ongoing reforms in the banking sector as it would pave the way for the arrival of a number of foreign banks.
Foreign and Indian private corporate sector banks would not serve the needs of the common man in any manner, Murali said.
The wage revision of public sector bank employees has been due since November 2012.
UFBU is an umbrella organisation of nine bank employees and officers' unions.
There are 27 public sector banks in the country with an employee strength of about 8 lakh. There are about 50,000 branches of these banks across the country.
Source: Thehindubusinessline
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