Unions defer 3-day strike as banks raise pay hike offer to 15% from 12.5%

Banking unions had given a call for a three-day strike from March 11

With banks improving their salary-hike offer to 15 per cent from the earlier 12.5 per cent, the employees’ and officers’ unions have deferred their three-day strike scheduled this month. The demand for a five-day work week will, however, be discussed again. This was decided at a meeting held between the Indian Banks’ Association (IBA) and the unions on Saturday. 

Other demands such as the encashment of five days of privilege leave a year will be discussed further. The meeting also decided to expedite discussions on the improvement in family pension, which has been recommended to the government.

Banking unions had given a