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Public sector banks threaten to go on strike during budget

By Indian Mandarins- 16 Jan 2020
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Unions of public sector banks threatened to go on a two-day nationwide strike beginning January 31, 2020 to press for early wage revision. Wage revision for employees of public sector banks is pending since November 2017. The strike will coincide with beginning of the Budget session and presentation of Budget 2020-21.

Strike has been called by the United Forum of Bank Unions, an umbrella body of the nine bank unions including All India Bank Officers’ Confederation, All India Bank Employees Association and National Organisation of Bank Workers (NOBW).

The meeting of UFBU held at Mumbai on January 13 came to the unanimous and inescapable conclusion that intensified agitational actions have to be resorted to press our demands for reasonable resolution and satisfactory settlement. Unions are demanding wage revision settlement at 20 per cent hike on pay slip components with adequate loading.

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Indianmandarins.com, an initiative of New Media Network, is a multi-media initiative for the fast and real-time dissemination of news and information related to civil services, central PSUs and other institutions that play a critical role in governance, administration, corporate governance, and public life in India. We aspire to provide our esteemed readers with news breaks and situation analysis in the above-mentioned domain of operations. Currently, we are available at www.indianmandarins.com. We are now planning to branch off into print publication and few other related business initiatives.