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Bank strike on January 31, February 1 over demands of wage hike

business news india

Bank unions have called for a two-day nationwide strike starting January 31 after talks with the Indian Banks' Association (IBA) over wage revision failed to bear results.

The United Forum of Bank Unions (UFBU), which represents nine trade unions, said they will also hold a three-day strike from March 11-13. UFBU is seeking at least a 15-per cent hike, but the IBA has capped the raise at 12.25 per cent, UFBU state convenor Siddartha Khan said.

"From April 1, we have decided to go on an indefinite strike," Khan said.

The last wage revision meeting was held on January 13.

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