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PSU banks' staff go on strike

New Delhi, Dec 18 (PTI & Online Bureau): Employees of public sector banks went on a one-day strike Wednesday to press for higher wages, affecting normal banking operations such as cheque clearances and cash transactions at branches across the country.

All the members affiliated to nine unions of bank employees and officers have gone on strike, the All-India convenor of the United Forum of Bank Unions (UFBU), MV Murali, said

The banks, which included State Bank of India, the country’s largest lender, had informed their customers well in advance about the likely inconvenience due to the strike.

The general secretary of the National Organisation of Bank Workers, Ashwini Rana, said Indian Banks' Association (IBA) held discussions with UFBU on December 14 on wage revision.

After a lot of deliberations, IBA stated they would be able to offer an increase of five per cent over the wage expenses.

Rana said this offer was too low and not acceptable to the unions, so the unions decided to go ahead with the strike.

The wage revision of bank employees was due from November 2012.

The UFBU is an umbrella organisation of nine unions of bank employees and officers.

India has 27 public sector banks with an employee strength of about 8 lakh. These banks have nearly 50,000 branches across the country.


In Calcutta, the strike by unions of public sector banks on Wednesday also halted work at multinational banks, and Indian private sector banks. Nagendranath Bhattacharya, convenor of the UFBU's West Bengal unit, claimed the strike was a "100%" success in the public sector banks across the country.

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