Business
Two-day PSU bank strike from 20 Jan
  • The Statesman
  • 06 Jan 2014
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PRESS TRUST OF INDIA
Tirupati, 5 January
Operations at all public sector banks and regional rural banks are likely to be affected for two days from 20 January as the United Forum of Banks Unions has given a strike call demanding wage revision as well as resolution of certain other issues.
National convener of UFBU MV Murali today said that the Centre and the Indian Banks Association (IBA) have failed to settle the 14-month long pending demand of 32 per cent wage revision for about one million staff in the banking sector.
He also urged the government to immediately halt the ongoing reforms in the banking sector as it would pave the way for arrival of a large number of foreign banks.
The foreign and Indian private corporate sector banks would not serve the needs of common man in any manner in the country, Mr Murali said.
The wage revision of public sector bank employees has been due since November 2012.
UFBU is an umbrella organisation of nine bank employees and officers unions. There are 27 public sector banks in the country with employees strength of about eight lakhs. There are about 50,000 branches of these banks.

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