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

PSU Bank Unions threatens to strike on December 27

Bank Strike

Bank StrikeA section of Public Sector Banks (PSBs) has threatened to call a strike on December 27 in a bid to implement early wage revision for IDBI Bank employees, due since 2012.

Following the intimation, several PSBs including State Bank of India (SBI), Vijaya Bank have confirmed their presence in the protest and therefore informed their customers about inconvenience if it materialises.

Advertisementgreylabs

Banks are informed by Indian Banks’ Association (IBA) that members of All India Bank Employees Association (AIBEA) and All India Bank Officers Association (AIBOA) have served notices of strike on IBA for December 27 in all banks on certain issues.

The strike has been called to extend support to the employees of IDBI Bank in wake of the undue delay of about five year in implementation of wage revision, said C H Venkatachalam, General Secretary, AIBEA.

Advertisement24th Elets NBFC100 Tech Summit & Awards, Mumbai

The wage revision for the IDBI Bank is due since 2012 and the Chief Labour Commissioner has called for a conciliatory meeting on December 20, he said.

He further said that if the IBA and bank management do not offer assurance in this regard the unions would be forced to go on strike.

AdvertisementElets BFSI AI Summit & Awards, Mumbai

“Members of the said unions are likely to participate in this strike. The strike has been called by AIBEA or AIBOA which have members in certain areas of our bank. Hence, the likely impact of strike may not be much excluding few areas,” said SBI.

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

TBX Launches B2B Bill Payments on TrustHub Through Bharat Connect for Business

Mumbai, September 22, 2026: TBX, formerly known as TransBnk, has launched its B2B Bill Payments capability on TrustHub… Read more →

Yugal Tiwari Appointed Chief Product and Marketing Officer at BharatPe

Fintech company BharatPe has appointed Yugal Tiwari as its Chief Product and Marketing Officer (CPMO), bringing extensive experience… Read more →

Abhinav Trivedi Appointed MD & CEO of Standard Chartered Capital Limited

Abhinav Trivedi has been appointed as the Managing Director (MD) & Chief Executive Officer (CEO) of Standard Chartered… Read more →

‘Digital Arrests’ Fall 67%, Investment Fraud Emerges as Growing Cybercrime Threat

Mumbai, September 17, 2026: Cybercrime patterns are rapidly evolving, with so-called ‘digital arrest’ scams declining by 67 per… Read more →

State Bank of India Digitises Savings-to-Salary Journey for Existing Customers

State Bank of India (SBI) has launched a digital Savings Account to Salary Account journey in collaboration with… Read more →

novio Partners with Indian Overseas Bank to Launch Co-branded RuPay Credit Card

novio, the consumer credit platform from Credilio Financial Technologies, has announced a strategic partnership with Indian Overseas Bank… Read more →