Employees of PSU banks to go on strike from today

Public sector banks unions will go on a two-day nationwide strike following the failure of wage revision talks with management. However, private sector lenders like ICICI Bank and HDFC Bank would be operational.

Multiple rounds of discussions have been held between the IBA Negotiating Committee and the United Forum of Bank Unions for the Wage Revision of Bank employees.

In the meeting held on January 30, 2020, despite the revised offer of up to 19% hike including performance-linked incentive made from IBA side, the Unions have unfortunately decided to go ahead with an all-India Bank strike on January 31, and February 01, 2020, to be followed by other agitational programmes.

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