Bank unions decide to postpone March 15 strike

By: |
New Delhi | February 23, 2018 9:01 PM

The United Forum of Bank Unions on Friday decided to postpone their March 15 strike for early finalisation of wage revision.

Bank unions, banks, banking sector, banking industry, ufbu, wage revision, bank strikes, bank strikes across countryThe UFBU had earlier decided to go on strike on March 15 to press for early finalisation of wage revision. (Reuters)

The United Forum of Bank Unions (UFBU), an umbrella body of nine unions in the Indian banking sector, on Friday decided to postpone their March 15 strike for early finalisation of wage revision, said top leaders of two large banking unions.

“Owing to the vitiated atmosphere in the banking sector following the Rs 11,300 crore scam/fraud in Punjab National Bank, the unions have decided not to proceed with the March 15 strike,” C.H.Venkatachalam, General Secretary, All India Bank Employees’ Association told IANS.

“The UFBU met at Chennai today (Friday) and decided to postpone the strike panned for March 15. Also it decided to step up campaign against reforms aimed at privatisation of government banks,” D. Thomas Franco Rajendra Dev, General Secretary of the All India Bank Officers Confederation told IANS.

Dev said UFBU has also agreed to campaign amongst public on the contribution of public sector banks and how the policies of the government and the Reserve Bank of India have weakened the government owned banks.

The UFBU had earlier decided to go on strike on March 15 to press for early finalisation of wage revision. The wage revision was due in November 2017.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1IT rules: Twitter deliberately chose the path of defiance, says IT minister Ravi Shankar Prasad
2Business recovery: Malls, restaurants pin their hopes on faster Covid-19 vaccination
3New Unicorn: BrowserStack raises $200 million in funding