National

Two Day Nationwide BankStrike For Immediate Revision Of Wages

SHAHNAWAZ | 0
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| May 30 , 2018 , 11:34 IST

Around 10 lakh bank employees across the country have started a two-day nationwide strike demanding an early revision of their wages. The revision is due since November 2017.

The last revision took place in 2012 for the November 2012- November 2017 during which bank employees got a hike of 15 percent in their wages.

The strike began on Wednesday morning and will continue till Thursday.

The strike means that around 85,000 bank branches across the nation will remain non-functional for two days as per a banker. This will include government as well as private banks.

ICICI Bank, HDFC Bank, Axis Bank, Yes Bank and IndusInd Bank will not be impacted during the strike, as these banks do not have any trade union because of which its employees will not participate in the strike.

The strike is led by United Forum of Bank Employees that serves as an umbrella body of nine different Unions of bankers. The Indian Banks’ Association had earlier proposed a two percent hike, which was rejected by the Forum.

As per reports, banks were loading additional cash in the ATM’s keeping in mind the two-day strike. Several banks have appealed to their customers to use digital modes of payments and transfers in the next few days.

Since bank operations will be hit during the period of the strike, it may disrupt the month-end salary credit operation apart from creating a temporary cash crunch.