Wednesday, October 1, 2025
spot_img

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

spot_img
- 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!

spot_img

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

Hexaware to offer employees a learning bonus from 3,000 to 12,000

Hexaware Technologies recently announced its SONIC Learning framework to...

Yulu appoints Rupini Raman as Head- HR

E-mobility service provider Yulu, an electric bike company has announced...

UP govt to set up 200-acre Data Center Park in Noida

The Yogi Adityanath government in Uttar Pradesh plans to...

What is Workplace Flexibility?

The latest product update for Zomato has a new...

GHCL rolls out special assistance to all employees affected by COVID-19

This policy is effective from 2020 and shall cover...

Two Months Free Virtual Internship for Software Engineers

TechieHelp is inviting students across India to apply for...

Will implement higher pension order: Minister Bhupender Yadav

One of the World’s largest Social Security Organisations, Employees’ Provident...

SHARP Business Systems appoints Ruchika Garg as Head- HR

Sharp, a wholly-owned Indian subsidiary of Sharp Corporation, Japan...

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/