Bank unions announce three-day nationwide strike from March 11

Bank Strike

After observing the two-day strike on January 31 and February 1 by the Bank Unions, Bank Employees Federation of India (BEFI) and the All India Bank Employees’ Association (AIBEA) have now announced that a three-day nationwide bank strike from March 11 to 13.

Bank StrikeThe strike has been announced after discussions with the Indian Banks’ Association (IBA) over wage revision failed to bring any mutual solution. This strike would be the third such bank strike this month, after the first one was observed along with Bharat Bandh on January 8.

The strike has been now been aligned with the second Saturday of March, when banks observe a holiday, this could be affecting the work for five consecutive days including Sunday.
Unions demand wage revision settlement at 20 percent hike on payslip components with adequate loading thereof while IBA said it is ready for up to 19 percent hike including a performance-linked incentive

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