Banking services across India, particularly in PSU banks, could be affected for two days from today as several bank employees’ unions have sit on a two-day bank strike.
Thousands of bank employees, who have been waiting for a pay hike since November 2017, are likely to join the protest. The timing of the bank strike coincides with the opening of the Budget session of the Parliament from January 31 when the Economic Survey would be presented. A day later, on February 1, finance minister Nirmala Sitharaman would unveil the Union Budget for 2020-21.
Officials of the labour department and finance ministry had tried to convince the bank unions against going on the strike but the matter could not be resolved amicably between Indian Banks’ Association (IBA) and representatives of the United Forum of Bank Unions due to differences.
An official of the All India Bank Employees’ Association (AIBEA) said the IBA wanted the unions to postpone the bank strike for further talks, to which they refused since their was no commitment from bank management side.