National News

Bank unions reject IBA’s 15% wage hike offer, to go ahead with 2-day strike ; starts from today

Services of public sector banks were impacted as employee unions went on a two-day nationwide strike from Friday to press for wage revision.
However, private sector lenders like ICICI Bank and HDFC Bank were operational.

Many banks, including State Bank of India (SBI), had informed customers in advance that operations may be impacted to some extent due to the strike.


Cash deposit, withdrawal, cheque clearances, instrument issuance and loan disbursement were affected.

With this strike, banks would be closed for three days including Sunday. Banks will open only on Monday, February 3.
The strike coincides with the beginning of the Budget session of parliament and presentation of Union Budget 2020-21.

The strike call has been given by the United Forum of Bank Unions (UFBU), an umbrella body of nine bank unions, including All India Bank Officers’ Confederation (AIBOC), All India Bank Employees Association (AIBEA) and National Organisation of Bank Workers (NOBW).


Unions claimed that about 10 lakh staff and officers of public sector banks and some private sector banks are participating in strike.

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