For Quick Alerts
For Daily Alerts

    PSU bank unions threaten 4-day strike from Feb 25

    By Religare

    Disappointed with wage increase offered by management of banks (IBA), public sector bank employee unions has threatened to go on a four-day strike beginning February 25, said the media report.

    Indian Banks' Association (IBA) has bettered its earlier offer of 11 per cent wage hike to 12.5 per cent and then again to 13 per cent.

    PSU bank unions threaten 4-day strike from Feb 25

    "Indian Banks' Association (IBA) today offered a meager 0.5 per cent improvement in the pay-in slip cost to 13 per cent which is unacceptable to us," United Forum of Bank Unions (UFBU) Convener M V Murali told media.

    The unions demand 19 per cent hike in wages, he said.

    Thus, it has been unanimously decided that bank employees would go on a four-day strike from February 25-28, Ashwini Rana, General Secretary of National Organisation of Bank Workers, said.

    If strike happens it would also impact government fund transfer during the time of Budget, said the media report.

    Read more about: psu banks strike
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    Notification Settings X
    Time Settings
    Clear Notification X
    Do you want to clear all the notifications from your inbox?
    Settings X
    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more