Banking services hit hard as 60,000 bank employees in Maharashtra go on strike over low salary hike

Nearly 10 lakh employees, from 21 public sector banks, 13 old generation private sector banks, six foreign banks and 56 regional rural banks across the country went on strike over nominal salary hike.

Published: 30th May 2018 12:52 PM  |   Last Updated: 30th May 2018 12:52 PM   |  A+A-

A bank branch is seen closed due to the bank employees' two-day nationwide strike to press for wage revision in Patna on Wednesday. (PTI)


MUMBAI: Banking services in Maharashtra were crippled as nearly 60,000 employees of various banks went on a two-day nationwide strike from today, protesting the meagre 2 per cent wage hike offered by the Indian Banks' Association (IBA).

Nearly 10 lakh employees, working in various branches of 21 public sector banks, 13 old generation private sector banks, six foreign banks and 56 regional rural banks across the country went on the strike as the banking lobby, Indian Banks Association (IBA), offered them a nominal wage revision.

"Bank employees are on strike to demand an adequate wage revision to all employees and officers," United Forum of Bank Unions convenor (Maharashtra) Devidas Tuljapurkar said.

Around 60,000 bank employees and officers in Maharashtra, including 25,000 bank employees and officers in Mumbai, are on strike, he claimed, adding that nearly 12,000 bank branches in the state are shut.

"Bank employees have implemented government's flagship programmes, such as Jan Dhan Yojna, demonetisation, Mudra scheme, Atal Pension Yojana, in the last few years.

Our workload has increased substantially and we need an appropriate compensation for it," Tuljapurkar said.

The protesting bank employees and officers also organised a rally in the Fort area of south Mumbai.

Earlier, several rounds of talks between banks and the unions of their employees did not make any headway following which the bank unions decided to go on strike.

In the wage negotiation meeting held on May 5, IBA made a proposition to offer 2 per cent hike in the wage bill cost as on March 31, 2017.

It also maintained that the negotiations on officers demands would be restricted up to scale III officers only.

The United Forum of Banking Unions (UFBU), an umbrella body of nine bank unions, has gone on strike against the proposed wage hike of 2 per cent as against 15 per cent given last time, All India Bank Employees Association (AIBEA), general secretary C H Venkatachalam said.

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  • christopher

    This was long anticipated ------effect of demonetisation----.too late to discipline these staff for the shoddy services. They are so busy post demon in Nov 2016
    1 year ago reply
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