The two-day all-India bank strike call given by the United Forum of Bank Unions (UFBU) for February 10-11 stands as the conciliatory talks held in the Capital today failed.

The strike call stands as the Indian Banks' Association (IBA) declined to improve their earlier offer of wage increase of 10 per cent on payslip cost, C.H. Venkatachalam, General Secretary, All India Bank Employees' Association, told Business Line.

Efforts by Chief Labour Commissioner B. K. Sanwaria, who presided over today's meeting, to avert the strike did not yield any result, sources close to the development said.


(This article was published on February 6, 2014)
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