Bank unions to go on two-day strike from Monday

Operations at public sector banks are likely to be impacted as employee unions have decided to go on a two-day nation-wide strike from Monday to press for wage revision.

During the conciliation meeting held on February 6 before the Chief Labour Commissioner, the IBA did not come up with any improvement in the wage offer of 10 percent hike in the pay package, United Forum of Bank Unions (UFBU) Convener M V Murali told PTI.

As conciliation proceedings remained inconclusive, he said, UFBU has decided to go on two day nation-wide from February 10. Banks including country's largest lender State Bank of India have informed customers in advance about the likely inconvenience they could face due to the strike. Private sector players such as ICICI Bank, HDFC Bank and Axis Bank are expected to function normally.All India State Bank Officers' Federation and All India State Bank of India Staff Federation, being part of UFBU will, also participate in the strike, SBI said in a statement.

General Secretary of National Organisation of Bank Workers, Ashwini Rana said as the offer made by bank management is not in line with the rising inflation, the unions are compelled to protest.