NEWS & ADVICE : PERSONAL LOAN
Banks to continue their strike
By Vaibhav Aggarwal
Jan 6, 2015
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It has been reported that the banks have decided to continue their strike today as well in Mumbai. For the wage revision the banks are protesting and are demonstrating strikes.

The banking operations were on halt yesterday and the banks will continue it today also. There will be a meet with UFBU (United Forum of Bank Unions) on Tuesday at Mumbai to discuss regarding the wage revisions. The general Secretary of AIEBA has asked the banks to be prepared to continue the strike on Wednesday as well if the outcome of the today’s meeting is not favorable.

The UFBU has decided to go on strike 7 January which will be followed by four days of continuous strike 21-24 January and an indefinite strike from 16 March. The banking union is demanding for 23% hike where as IBA has proposed for 11%.


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