Bank unions call strike on Jan 31, Feb 1, to coincide with Budget day

Bank strike
A deserted view of a bank during a strike called by bank unions | PTI File

Bank unions on Wednesday (January 16) called for a two-day countrywide strike on January 31 and February 1 after talks over wage revision with the Indian Banks’ Association failed to arrive at a solution.

This would be the second bank strike this month, the first being observed on January 8. Also, this would coincide with the Budget day. Finance Minister Nirmala Sitharaman is set to present her second budget on February 1 while the Economic Survey will be presented on January 31.

The Union Forum of Bank Unions (UFBU), which represents nine trade unions, said they too will hold a separate three-day strike from March 11 till March 13.

“From April 1, we have decided to go on an indefinite strike,” UFBU state convenor Siddartha Khan told news agency PTI. UFBU is seeking at least a 15% hike, but the IBA has capped the raise at 12.25%, he said. “This is not acceptable,” Khan said.

The last wage revision meeting was held on January 13.

(With inputs from agencies)

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