Public Sector Banks are going on strike for two days on February 20 and 21. Normal banking operations may be hit as employees unions of public sector banks have decided to join the two-day strike call given by central trade unions beginning February 20 to press for wage hike in the backdrop of rising inflation.
The nation-wide strike call has been given by United Forum of Bank Unions (UFBU) consisting of nine national level unions including AIBEA, NCBE, BEFI, INBEF, NOBW and AIBOC in support of their demand.
Bank unions are pressing for early wage revision of employees, which is due from November 2012, National Organization of Bank Workers’ (NOBW) said.
Apart from wage-related issues, unions are also protesting against passage of the Banking Regulation Act in Parliament following which foreign banks would be able to start operation in the country, outsourcing of jobs and compassionate appointments.