Come March, the Bank Unions across the country will cripple the banking sector once again in March. Seeking pay hike and five-day work, the bank employees association has given a call for a nation-wide strike from March 11 to March 13. Besides these three days, there would be holidays on Saturday and Sunday. Thus, the banks will not be functioning for five days on trot. The last time they resorted to such crippling was on January 31 and February 1. Thus in just a matter of two months, the unions have resorted to strike twice and crippled the transaction for over nine days.
The call for strike was given after the talks between the Indian Banks Association and the Bank Employees Federation of India and the All India Bank Employees Association. However, private sector banks like the HDFC, ICICI and the Axis Bank will function as usual as they are not part of the employees unions.
The Unions allege that the last time a pay hike was effected was in 2012 and despite their demands, there was no pay revision in 2017. The unions are demanding a 20 per cent hike on the payslip.
The call for strike was given after the talks between the Indian Banks Association and the Bank Employees Federation of India and the All India Bank Employees Association. However, private sector banks like the HDFC, ICICI and the Axis Bank will function as usual as they are not part of the employees unions.
The Unions allege that the last time a pay hike was effected was in 2012 and despite their demands, there was no pay revision in 2017. The unions are demanding a 20 per cent hike on the payslip.