Employees of the largest lender of the country, State Bank of India have decided to withdraw the two day strike which had been called on 25th and 26th of November. The strike has been pulled off after the government has assured of relooking into pension issue.
M V Murli, Senior VP of SBI Staff Association said that the government has given assurance on the matter that pension of employees and officers will be brought in level with the other nationalized banks.
The staff had decided to go on strike so as to get their demands heard and fulfilled.
"The management in turn has communicated to us that the pension would be hiked," Murli said.
He said that the higher level of pension as demanded would be benefitting 1.7 lakh employees along with 60,000 officers.
This raised pension would be given with effect from November 1, 2007, he added.