Business

Banking services hit as employees’ strike continues for 2nd day

Banking services hit as employees’ strike continues for 2nd day: The Banking services, seems like, is all set hit across the nation, for the second day today as about 10 lakh bankers continued their strike to protest a “meagre” 2 percent salary hike offered by Indian Banks Association (IBA) — the administration body.

Today is the last day of the two-day strike that is being observed by the United Forum of Banking Unions (UFBU), an umbrella organization, which is consisting of all nine unions of the banking sector.

The Banking operations are likely turning to be normal from Friday and the UFBU has the same.

Almost 10 lakh employees, working in a variety of branches of 21 public sector banks, 13 old generation private sector banks, six foreign banks and 56 regional rural banks in the nation.

After 2 day-strike yesterday as IBA offered them a nominal wage revision, All India Bank Employees Association (AIBEA), the association of the UFBU had said in a statement.

In view of the fact, which the strike coincides with the month-end, salary withdrawals from branches which is yet, to be affected yesterday and the situation which is all set to remain same today and as per the sources in the banking sector and employees.

In the banks, the Wage revision has been due from November 2017.