Bank Strike on 31 Jan & 1 Feb as Wage Revision Talks With IBA Fail

A countrywide bank strike has been announced to take place on 31 January and 1 February.

Image used for representational purposes only.

(Photo: Reuters)

Bank unions on Wednesday, 15 January, called for a two-day nationwide strike on 31 January and 1 February, after talks over wage revision failed to make headway with the Indian Banks' Association (IBA).

The United Forum of Bank Unions (UFBU), which represents nine trade unions, said they will also hold a three-day strike from 11 March to 13 March.

"From 1 April, we have decided to go on an indefinite strike," UFBU state convenor Siddartha Khan told PTI.

“UFBU is seeking at least a 15-per cent hike, but the IBA has capped the raise at 12.25 percent.” 

Siddhartha Khan, Convenor, United Forum of Bank Unions

"This is not acceptable," Khan said.

The last wage revision meeting was held on 13 January.