The country’s union and state banks are scheduled to go on strike for two days; May 30 and May 31 which would impact the banking services.
The reason for this strike is that the bank employees and unions have been putting across demands of increased wages and salary hikes and the banks only agreed to pay 2 percent hike in the salaries.
On May 2, the wage negotiation meeting was held in which the Indian Banks’ Association proposed to offer a hike of two percent on the current salaries to the employees. Further, the association said that this demand would only focus on the scale III officers.
The Umbrella body of UFBU consists of AIBEA, AIBOC, NCBE, AIBOA, BEFI, NOBO and others. Some of the banks that would comply with this strike will include State Bank of India, Canara Bank, Punjab and Sind Bank, and Bank of Baroda.