After the two-day strike on January 31 and February 1 by the Bank Unions, Bank Employees Federation of India (BEFI) and the All India Bank Employees’ Association (AIBEA) informed that a three-day nationwide bank strike will be observed from March 11 to 13.
The strike has been called after talks over wage revision failed to initiate with the Indian Banks’ Association (IBA). This would be the third bank strike this month, after the first one was observed along with Bharat Bandh on January 8.
The strike has been timed ahead of the second Saturday of March, when banks observe a holiday, this could affect work for five consecutive days including Sunday.
Unions want wage revision settlement at 20% hike on pay slip components with adequate loading thereof while IBA said it is ready for upto 19% hike including performance linked incentive.