Three-day nationwide bank strike postponed due to positive developments

bank strike

The planned three-day bank strike announced by several unions from March 11 has been delayed due to ‘positive’ developments at the bipartite meeting held in Mumbai on Saturday, an AIBEA statement revealed.

bank strike

The strike was called by the members of United Forum of Bank Unions (UFBU), the umbrella authority of the trade unions in the banking sector.

All India Bank Employees’ Association (AIBEA) statement notified that in the bipartite meeting, which held on Saturday between the unions and Indian Banks Association (IBA), featured discussions with respect of offer of hike in pay slip cost to 15 percent, demand for five-day banking among others. Besides, the statement said that IBA has agreed to discuss all other issues flagged by the unions.

Earlier, the bank unions had observed a two-day strike from January 31 after discussions over wage revision botched to make headway with the IBA.

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