The United Forum of Bank Unions (UFBU), an umbrella body of nine bank unions, have called for a two-day nationwide strike starting January 31st, 2020 after talks with the Indian Banks’ Association (IBA) over wage revision failed to bear any positive results.
The UFBU has also called for a three-day strike starting March 11st, 2020 to demand an early wage revision due since November 1st, 2017.
The UFBU is seeking at least a 15 per cent hike, but the IBA has capped the raise at 12.25 per cent.
In wake of the bandhs, banking and ATM services across the country are expected to be affected. However, the strike will not affect the net banking facility.
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