All India Bank Officer Confederation (AIBOC) also said the government should not bring down its stake in IDBI Bank below 50 percent as announced in the Budget.
Banks have been providing for a 15 percent wage hike since November 2012. Thus, banks already have incorporated wage increase of 15 percent into their accounting but their offering is 13 percent only.
Normal banking operations may be hit as employees unions of public sector banks have decided to join the two-days strike call given by central trade unions beginning February 20 to press for wage hike in the backdrop of rising inflation.
"We will emerge as a new generation private sector bank as we continue to grow organically,” said Amitabh Chaturvedi, managing director and CEO of Dhanalxmi Bank.
Shares of Dhanlaxmi Bank tanked nearly 21% to Rs 58 after the All India Banks’ Officers Confederation or AIBOC, a Kerala based state union, raised questions about the lender’s financial strength while it was holding dharna outside its Thrissur corporate office.
Bipin Kabra, chief financial officer, Dhanlaxmi Bank refutes allegations against the bank by AIBOC, on CNBC-TV18.