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IBA to talk with bank unions' federation on wage revision

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The Indian Banks' Association (IBA) has agreed to hold talks with United Forum of Banks Unions (UFBU) on wage revision by January 17, General secretary of the All Bank Employees' Association (AIBEA) General Secretary C H Venkatchalam said today.

"In today's conciliation meeting, the Chief Labour Commissioner advised the IBA to call unions for talks immediately and conduct meetings fortnightly on a regular basis to finalise wage revision at the earliest," he said here.

AIBEA, a constituent of the the UFBU, which represents 10 lakh bank employees of public sector banks, private sector banks as well as foreign banks.

A wage revision has been due since November 2012, he said, adding that the IBA had offered to hold the meeting on January 17.

"The UFBU would attend the meeting with open mind," he said.

Decision on any strike action would depend on the outcome of the meeting with IBA on January 17, he said.

Earlier, the UFBU had given a call for a two-days nationwide bank strike on January 20 and January 21.

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