Sunday, August 3, 2025

PSU banks employees may go on 2-day strike over wage revision

- Advertisement -

SBI, other PSU banks have informed their customers that operations may be impacted due to the proposed two-day nationwide strike on January 31 and February 1 after talks over wage revision failed to make headway with the Indian Banks’ Association (IBA).

The strike call has been given by the United Forum of Bank Unions (UFBU), an umbrella body of the nine bank unions including All India Bank Officers’ Confederation (AIBOC), All India Bank Employees Association (AIBEA) and National Organisation of Bank Workers (NOBW).

The meeting before Chief Labour Commissioner on Monday remain inconclusive so unions did not take back strike notice, AIBOC president Sunil Kumar said.

The wage revision for employees of public sector banks is pending since November 2017. Unions are demanding wage revision settlement at 20% hike on payslip components with adequate loading.

In the past wage settlement, which was for the period 1 November 2012, to October 31, 2017, the employees got a 15% hike.

Many banks including SBI have informed customers that operations may be impacted to some extent due to the proposed two-day nationwide strike beginning January 31.

Subscribe to our Daily Newsletter!

Editorial

Why TCS Deferred FY25 Salary Hike: Better Hike Ahead?

TCS had initially announced its annual salary hike during...

Deloitte, PWC, EY, KPMG to Hire 1 Lakh People in India in FY25

According to estimates from top company officials and industry...

Higher EPS Pension Application Stuck: A Step-by-Step Guide to Fix

Nearly 97,640 Provident Fund (PF) members and pensioners under...

Employee Benefits at India’s Big 4 Firms Deloitte, PwC , EY, KPMG

The Big 4 firms; Deloitte, PwC (PricewaterhouseCoopers), EY (Ernst...

TCS Announces 4-8% Salary Hike for FY25, Lowest in Last 4 Years

Tata Consultancy Services (TCS), India's largest IT services provider,...

Must Read

Pernod Ricard India and TISS announce ‘Fellowship’ for Transgenders

Pernod Ricard India Foundation has announced its partnership with...

PwC Faces Criticism Over Rebranding During Workforce Cuts

PwC, one of the world’s leading professional services firms,...

LTIMindtree announces Chetana Patnaik as Chief HR Officer

A global technology consulting and digital solutions company, LTIMindtree...

Moder appoints Sowmya Aswath as Vice President- HR

A tech-forward outsourcing company, Moder has announced the appointment of...

Volvo Group elevates Radhika Nair as Head- People & Culture

One of the world’s leading manufacturers of trucks, buses,...

TCS, Accenture, Infosys, Google, IBM: Return to office strategy

IT and Tech major companies including TCS, Accenture, IBM,...

Honeywell Hiring: nearly 300 jobs in India including entry-level roles

Honeywell International India Pvt. Ltd., a leading multinational conglomerate,...

Philips India Invites Applications for Internship and Apprenticeship

Philips, a global leader in health technology, has opened...

Related Articles

SightsIn Plus
SightsIn Plushttps://sightsinplus.com/
SightsIn Plus is an India’s leading high-quality people-focused monthly HR Magazine and provides up-to-date HR News, Leadership Announcements, Best HR Practices and Insights by Global CHROs, CEOs, HR Advisors, Business Managers and HR Heads on topics of interest to HR professionals. To subscribe SightsIn Plus, HR Magazine please visit- https://sightsinplus.com/subscribe/