Bank unions to go on strike today

The wage revision of bank employees was due from November 2012

Operations at are likely to be hit on Wednesday with the trade observing a one-day to press for and other demands.

"The stands as the conciliation meeting before the chief labour commissioner between the and IBA (Indian Banks' Association) yesterday (Monday) failed to find an amicable solution," United Forum of Bank (UFBU) Convenor C H Venkatachalam said.

Banks, including the country's largest lender State Bank of India (SBI), have already informed customers about the likely inconvenience due to the strike.

A section of banking employees may take part in the proposed on Wednesday impacting the normal functioning of branches or offices, various have said in advisories to customers. Ashwini Rana, general secretary of National Organisation of Bank Workers, said IBA held discussions with UFBU on December 14 on wage revision. After a lot of discussions, IBA stated that they would be able to offer an increase of five per cent over the wage expenses.

"Since their offer was too low and not acceptable to the unions, it has been decided to go ahead with as per the schedule," Rana said. The of bank employees was due from November 2012.

UFBU is an umbrella organisation of nine bank employees and officers unions. There are 27 in the country with employees strength of about 0.8 million. There are about 50,000 branches of these across the country.

According to a release issued by All-India Andhra Bank Award Employees' Union, transactions at the branches of the Hyderabad-headquartered Andhra Bank are expected to be affected by Wednesday's strike.

"Around 20,000 officers and employees working in 2,000 branches/offices of Andhra Bank across the country will take part in the on December 18 due to which cash/clearing and banking transactions will be paralysed," it said.

image
Business Standard
177 22
Business Standard

Bank unions to go on strike today

The wage revision of bank employees was due from November 2012

Press Trust Of India  |  New Delhi 

Public sector banks

Operations at are likely to be hit on Wednesday with the trade observing a one-day to press for and other demands.

"The stands as the conciliation meeting before the chief labour commissioner between the and IBA (Indian Banks' Association) yesterday (Monday) failed to find an amicable solution," United Forum of Bank (UFBU) Convenor C H Venkatachalam said.



Banks, including the country's largest lender State Bank of India (SBI), have already informed customers about the likely inconvenience due to the strike.

A section of banking employees may take part in the proposed on Wednesday impacting the normal functioning of branches or offices, various have said in advisories to customers. Ashwini Rana, general secretary of National Organisation of Bank Workers, said IBA held discussions with UFBU on December 14 on wage revision. After a lot of discussions, IBA stated that they would be able to offer an increase of five per cent over the wage expenses.

"Since their offer was too low and not acceptable to the unions, it has been decided to go ahead with as per the schedule," Rana said. The of bank employees was due from November 2012.

UFBU is an umbrella organisation of nine bank employees and officers unions. There are 27 in the country with employees strength of about 0.8 million. There are about 50,000 branches of these across the country.

According to a release issued by All-India Andhra Bank Award Employees' Union, transactions at the branches of the Hyderabad-headquartered Andhra Bank are expected to be affected by Wednesday's strike.

"Around 20,000 officers and employees working in 2,000 branches/offices of Andhra Bank across the country will take part in the on December 18 due to which cash/clearing and banking transactions will be paralysed," it said.

RECOMMENDED FOR YOU

Bank unions to go on strike today

The wage revision of bank employees was due from November 2012

The wage revision of bank employees was due from November 2012 Operations at are likely to be hit on Wednesday with the trade observing a one-day to press for and other demands.

"The stands as the conciliation meeting before the chief labour commissioner between the and IBA (Indian Banks' Association) yesterday (Monday) failed to find an amicable solution," United Forum of Bank (UFBU) Convenor C H Venkatachalam said.

Banks, including the country's largest lender State Bank of India (SBI), have already informed customers about the likely inconvenience due to the strike.

A section of banking employees may take part in the proposed on Wednesday impacting the normal functioning of branches or offices, various have said in advisories to customers. Ashwini Rana, general secretary of National Organisation of Bank Workers, said IBA held discussions with UFBU on December 14 on wage revision. After a lot of discussions, IBA stated that they would be able to offer an increase of five per cent over the wage expenses.

"Since their offer was too low and not acceptable to the unions, it has been decided to go ahead with as per the schedule," Rana said. The of bank employees was due from November 2012.

UFBU is an umbrella organisation of nine bank employees and officers unions. There are 27 in the country with employees strength of about 0.8 million. There are about 50,000 branches of these across the country.

According to a release issued by All-India Andhra Bank Award Employees' Union, transactions at the branches of the Hyderabad-headquartered Andhra Bank are expected to be affected by Wednesday's strike.

"Around 20,000 officers and employees working in 2,000 branches/offices of Andhra Bank across the country will take part in the on December 18 due to which cash/clearing and banking transactions will be paralysed," it said.
image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard