Business Standard

Indian Banks' Association offers 6% wage hike; unions reject the offer

Various rounds of wage negotiations between banks and unions failed to make any headway

banks, bank employees


Somesh Jha New Delhi
The Indian Banks’ Association (IBA) offered a higher wage hike of 6 per cent, against its previous offer of 2 per cent to bank unions on Monday, sources said.

“The bank management increased the offer to 6 per cent. However, the trade unions, represented by the United Forum of Bank Unions (UFBU), rejected the offer. The talks will, however, resume,” a spokesperson of the All India Bank Officers’ Confederation (AIBOC) said.
The IBA and UFBU are slated to meet on August 28 to take the talks forward, sources said.

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First Published: Jul 31 2018 | 1:39 AM IST

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