Continuing the protest for the wage revision, the bankers were prepared for another 4 days strike this month. The bank has planned for the strike from 21st January 2015, but since Indian bank association has assured that the wage revision issue will be resolved by early February, the banks have deferred to go on strike.
The strike has put on hold for now. Earlier the bankers had announced that will strike for 4 days against this casual attitude of and no revision in wages as per their expectations since so long. IBA has stated for the further negotiations and discussion regarding the wage and defer the strike. Banks have strictly stated that if no favorable outcome will come they continue their protest and will go for another strike in the month of February.
The unions had deferred one-day strike scheduled for January 7 as IBA improved the wage hike offer to 12.5 per cent from 11 per cent earlier ,where as bank unions are demanding for the 19%.