Employees and officers across public sector banks are going on a two-day strike from May 30. This protest is called in the wake of the nominal two per cent wage hike offered by the Indian Banks’ Association (IBA).
On May 5, 2018, in a wage negotiation, IBA made a proposition to offer two per cent hike in the wage bill cost as on March 31, 2017.
IBA maintained that its stand on negotiations on officers’ demands and restricted it up to scale III officers only.
“It is only because of provisions towards Non-Performing Assets that banks have booked losses, and for this, bank employees are not responsible,” said Devidas Tuljapurkar, United Forum of Bank Unions’ convener.
In the last wage settlement valid from period November 1, 2012 to October 31, 2017, IBA had offered a wage hike of 15 per cent.
Protesting against the hike, bank employees called a strike on May 29.
Several bank unions namely All India Bank Officers’ Confederation (AIBOC), All India Bank Employees Association (AIBEA) and National Organisation of Bank Workers (NOBW) are participating in the strike.