Comments
Indian Banks Association (IBA) has invited the nine-union United Forum of Bank Unions for bilateral talks on the contentious issue of long-term wage accord in the banking industry in the country.
The talks between the IBA’s negotiating team and the unions’ leaders will be held in Mumbai on March 3.
The IBA’s managing committee is scheduled to meet on February 28 to discuss the wage hike. The decision at the meeting would be presented to the government to secure the government’s approval for offering a higher percentage of wage hike. At the last round of talks, the IBA had offered 10 per cent increase in the monthly salaries of bank employees whose number is close to a million.
The UFBU had recently gone a two-day national strike which had forced the entire banking industry to shutter.
MV Murali, convenor of UFBU, told Business Line the unions’ executive committee, which had met in Mumbai on Wednesday to review the impact of the two-day strike, had decided to chalk out the next course of action after the March 3 talks.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.