Bank unions reject IBA's 15% wage hike offer, to go ahead with 2-day strike

Bank employees unions on Thursday rejected Indian Banks Association’s (IBA) offer of 15 per cent hike in wages and decided to go ahead with two day strike beginning January 31, 2020.

IBA offered a 15 per cent hike in wages, a revision over previous offer of 12.5 per cent at bilateral meeting of bank and trade union representatives to avert agitation by bank employees.

C H Venkatachalam, general Secretary, All India Bank Employees’ Association (AIBEA), said banks have declined to consider demand for five days banking in week and merger of special allowance.

Banks, under aegis of IBA, have improved offer (15 per