NEWS & ADVICE : FIXED DEPOSITS
Banks may go on strike this January
By Neelima Shankar
Dec 24, 2013
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Bank employees are not satisfied with the increment therefore to present their dismay banks have decided to go on another strike next month. Indian bank association offered a mere increment of 5% which is very low.

Earlier during the last revision in 2007 the banks demanded for 30% raise in their salary, where as they were given only 17%.For the first time according to the proposal the increment in the salary for the employees above senior branch manager level will depend on their performance and hence it will vary from person to person.

A. K. Ramesh Babu, President, Bank Employees Federation of India stated that the revision was supposed to be done in 2012, its already 2013 one year late from the date of expiry. They want some immediate measures to be taken. He further added that if inflation is accounted in then the revision of salary can decline to 16% which was 20% of the bank’s total cost last time.


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