N S Virk, vice president All India Bank Officers' Association (AIBOA) said, "Our talks were inconclusive. We are meeting again on Tuesday, Aug 4. But as of now we are going ahead with the strike based on the notice we served Jul 21."
The strike notice has been aided by the United Forum of Bank Unions (UFBU), an organisation representing nine unions of officers and other staff in the banking industry, of which Virk's union is also a member.
The Centre had asked the unions to hold talks with the Indian Bank Association (IBA), which is a representative body of bank managements, and also with chief labour commissioner.
The main demands are wage increase, a better social security net and a proper policy for giving jobs to the family members of deceased or disabled employees on compassionate grounds.