NEW DELHI / CHENNAI: Much of the banking business would come to a standstill on January 31 and February 1, and about 10 government and private sector lakh bankers would go on strike to revise wages. A representative of the All India Bank Employees Association (AIBEA), CH Venkatachalam, confirmed the development and said: "http://zeenews.india.com/"The talks with the Indian Banks Association (IBA) failed. The two-day strike is on January 31 and February 1. "
The IBA also issued a statement entitled "http://zeenews.india.com/"Several discussions between the IBA Negotiation Committee and the United Banking Unions Forum on bank employee wage revisions were held. At the meeting on January 30, 2020, unions unfortunately decided, despite the revised offer of up to 19% increase, including performance-based incentives from IBA, to conduct a strike for the entire Indian bank on January 31 and February 1, 2020, followed by 2020 other agitation programs. "Http://zeenews.india.com/"
"http://zeenews.india.com/"During the discussions, terms and conditions, the solvency of banks and the consistent efforts of banks to offer employees various types of benefits from time to time were discussed, but all unions are pushing for it some other claims that cannot be accepted. Such a requirement concerns 5-day banking. Everyone knows that the country's economy is going through testing times. Banks, which are the main players in economic development, cannot afford to dedicate fewer working days to banking activities. Our country already has one of the highest number of holidays than any other country, and adding 26 more holidays would cause more problems to the public, "http://zeenews.india.com/" says the IBA statement.
"http://zeenews.india.com/"Banks will have alternative channels available to customers, and customers will be able to use these alternative / digital banking channels for day-to-day banking," http: // zeenews. india.com/ "added.
Interestingly, bankers called for a strike on January 31st, when the economic survey was released, and Finance Minister Nirmala Sitharaman will present her second budget on February 1st. According to Venkatachalam, the majority of the 80,000 bank branches will remain closed for the two days.
The strike is led by the United Forum of Bank Unions (UFBU), an umbrella organization of nine unions in the banking sector.
The UFBU had previously announced that after the strike on January 31 and February 1, there would be a three-day strike from March 11 and an indefinite strike from April 1 to highlight its demands.