Bank Strike Cancelled at Last Moment

Published: 07th January 2015 06:00 AM  |   Last Updated: 07th January 2015 06:00 AM   |  A+A-


BENGALURU: A bank strike scheduled for Wednesday was called off at the last moment on Tuesday evening as talks between the unions and the Indian Banks’ Association (IBA) in Mumbai were partly successful.

Another round of talks expected on Wednesday might avert the strike called by the unions between January 21 and 24. According to the Indian Nation Bank Employees’ Federation general secretary Narasimha Murthy, the IBA on Tuesday agreed to improve the offer of salary revision from 11 to 12.5 per cent.

Several unions have supported the strike call as their agitation for five days last year did not result in any progress in negotiations. As a result, they had scheduled a four-day strike this month.

Besides wage revision, the unions are demanding the withdrawal of the government decision to split the post of chairman and managing director as well as consultations with unions on major decisions. 


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