PSU bank staff on strike today over wages, M&As

MUMBAI: Banking operations may be paralysed in certain pockets of the country as the United Forum of Bank Unions (UFBU) called a All-India bank strike on Wednesday, protesting the bank mergers and delay in wage settlement. This will be the second bank strike in less than a week.

UFBU, the umbrella unit for nine bank associations, said about 10 lakh bank officers and employees will participate in this programme.

The unions are protesting the government move to merger Bank of Baroda, Vijaya Bank and Dena Bank. UFBU has also rejected Indian Banks’ Association’s 8 per cent wage hike offer. IBA proposed wage settlement for Scales I to III employees and is in favour of bank wise wage settlement for senior employees of Scale IV and above.


The impact of the strike may be higher than the one called by All India Bank Officers Confederation (AIBOC) on December 21 as all unions will participate.