The 2-day all-India bank strike is the first in a series of protests called to expedite demand of a wage hike issue which has been ongoing since November 2017
Guwahati: Banks across the country will be shut for three consecutive days as an all India bank strike has been called for by the officers and employees union on Friday and Saturday.
Over 10 lakh bank employees are likely to go on strike.
The two-day strike is the first in a series of such protests which have been called to expedite the demand of a wage hike issue which has been ongoing since November 2017.
A meeting was held between Indian Banks' Association (IBA) and representatives of the United Forum of Bank Unions in Mumbai on Thursday, however, they failed to settle the differences.
According to the November 2017 talks, bank unions demanded a 20% pay hike on payslip while the management is not willing to go beyond 12.25%.
The bank strikes coincide with the opening of the Budget Session of Parliament from January 31, Friday, when the economic survey would be presented, and the announcement of the Union Budget for 2020-21 on February 1, Saturday.
Seeing that banking services will be bit, banks have requested the use of digital channel products like ATM, internet banking and mobile banking.
Further, another three-day strike will be called from March 11-13, and bank workers are likely to go on an indefinite strike from the start of the new financial year, that is, from Aril 1 this year.