Wage reform failed to make progress. Bank unions call a 2-day strike on January 31.

It has been reported that the United Forum of Bank Unions (UFBU) has called for a two-day strike starting on 31 January. It has also called for a three-day strike on 11 March and, if the demands are not met, the UFBU has threatened to strike indefinitely on 1 April 2020. The UFBU consists of unions such as the All India Bank Employees Association (AIBEA), the All India Bank Offices Confederation (AIBOC), the National Confederation of Bank Employees (NCBE), the All India Bank Officers ‘ Association (AIBOA), the Bank Employees ‘ Confederation of India (BEFI), the Indian National Bank Employees Federation (INBEF), the Indian National Bank Officers ‘ Congress (INBOC), the National Bank Workers ‘ Organisation.

The UFBU convenor, Sanjeev Kumar Bandlish, stated that a letter in this regard had already been sent to the Chairman of the Indian Banks Association, Secretary of the Department of Financial Services and Chief Labor Commissioner of the Ministry of Labor.

He said that the decision to strike had been taken as our demands for a 20% wage revision settlement on payslips, five-day banking, the merger of the special allowance with basic pay, scrapping of the new pension scheme, etc. had been on hold for a long time. He said there were 12 requests sent to the government.

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