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

Bankers put off strike as IBA assures to resolve issues

on-strikeThe four-day strike of employees from nationalised banks scheduled to start from 21st January has been postponed.

“The four-day bank strike put on hold as Indian Banks’ Association (IBA) has assured to expedite talks and resolve the wage increase issue by February. Hence in the interest of banking public we have deferred the strike,” said C H Venkatachalam, General Secretary, All India Bank Employees Association (AIBEA).

AdvertisementElets BFSI AI Summit & Awards, Mumbai

The strike call was given by the United Forum of Bank Unions (UBFU), which has more than 10 lakh employees and officers of banking Industry under its umbrella. The UFBU is an umbrella organisation comprising of nine bank staff unions.

AdvertisementSAAS

According to earlier reports, employees of the 27 public sector banks have been calling for a wage revision from November 2012 and various talks with the IBA were not successful even though the Unions have been conducting strikes over the years.

However, the unions have warned that if IBA fails to resolve the wage issue by February, then there would be fresh call for strikes.

AdvertisementInfoComm India 2026

Venkatachalam said, “If there is no satisfactory outcome, fresh dates of strike action in February would be announced. We expect the government to intervene and settle the demands of employees.”

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

AvenuesAI Q2 Profit Rises 6% as Payments TPV Climbs

AvenuesAI Limited (formerly Infibeam Avenues Limited; BSE: 539807; NSE: CCAVENUE), the GIFT City–headquartered fintech and payments company, on… Read more →

Scripbox Clears Path to IPO With Public Company Conversion

Scripbox Wealth Managers Private Limited, the Bengaluru-based wealthtech platform founded by Atul Shinghal and Sanjiv Singhal, won shareholder… Read more →

Go Digit Q2 FY27 Profit Falls 31% to ₹142 Crore as Claims Rise

Go Digit General Insurance Limited, the Pune-based digital full-stack non-life insurer, reported a net profit of ₹142 crore… Read more →

Pine Labs Plans 1 Million UPI Soundboxes Ahead of Possible MDR

Pine Labs Limited expects to process ₹33,000–34,000 crore of monthly UPI gross transaction value (GTV) by FY28, according… Read more →

ED Searches CoinDCX, Delta Over FEMA Crypto Trades

The Enforcement Directorate (ED), Bengaluru Zonal Office, searched three premises linked to Neblio Technologies Private Limited (CoinDCX) and… Read more →

Angel One Overtakes Zerodha as India's No. 2 Broker

Angel One Limited overtook Zerodha as India’s second-largest stockbroker by National Stock Exchange (NSE) active investors at the… Read more →

whatsapp--v1