Infocomm Infocomm
24th NBFC100 TECH SUMMIT AWARDS 24th NBFC100 TECH SUMMIT AWARDS
BFSI AI SUMMIT BFSI AI SUMMIT
Home Regulators RBI SEBI TechINFRA Security Data Centre Cloud Services Government Reforms DBT Aadhaar GST Payments Payment Gateways ATM Point of Sale Payment Wallets Fintech Apps Banks Public Sector Private Sector Cooperative NBFCs Year Ender Magazine Magazine Subscription Articles Interviews Webinars Webinar Videos Video Series — Innovation Talk Upcoming Initiatives BFSI Events About Us Contact Us

Bank unions to go on 48-hour strike from May 30

Bank Strike

Bank StrikeFor protesting against the low wage hike offer decided by Indian Banks’ Association, United Forum of Bank Unions (UFBU) has planning to go on two-day bank strike on May 30 and 31.

The bankers association is facing a lot of flak for offering an average pay increase of 2 per cent to employees amid rising controversies pertaining to Non-Performing Assets (NPAs).

AdvertisementElets BFSI AI Summit & Awards, Mumbai

UFBU has demanded adequate salary hike and also asked IBA to consider an improvement of the service conditions along with early wage revision settlement.

AdvertisementSAAS

“We call upon all our unions and members to implement the agitation programme successfully,” said Rajen Nagar, General Secretary, All India Bank Employees Association.

Unions have demanded wage revision and include all the officers upto scale VII into the updated wage.

AdvertisementInfoComm India 2026

Reportedly, some banks have asked IBA to hold the salary negotiations for only upto Scale III officers.

Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/

Get a chance to meet the Who's who of the Banking & Finance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram.

Our Coverage of News

Stockal: Investors Allege ₹100 Cr Unauthorised US Trades

Nearly 30 Indian retail investors have alleged losses exceeding ₹100 crore after unauthorised trades on Bengaluru-based wealthtech platform… Read more →

Cashfree Opens Hosted Checkout to AI Shopping Agents

Cashfree Payments on 6 November 2026 launched Checkout for Agents, a WebMCP-based layer that lets artificial intelligence (AI)… Read more →

RBI Mandates API Safeguards for Bank-NBFC Transfers

The Reserve Bank of India (RBI) on 3 November 2026 issued a confidential Cyber Security and IT Risk… Read more →

SEBI Lets Fund Managers Certify Accredited Investors

The Securities and Exchange Board of India (SEBI) on 5 November 2026 eased the framework for SEBI accredited… Read more →

Moneyview Q2 Profit Hits ₹201 Crore After October IPO

Moneyview Limited reported a consolidated profit after tax of ₹201 crore for the quarter ended 30 September 2026… Read more →

PFRDA Targets ₹100 Lakh Crore NPS AUM via Banks, UPI

Pension Fund Regulatory and Development Authority (PFRDA) Chairman S. Ramann said on 4 November 2026 that National Pension… Read more →

whatsapp--v1