"In negotiations held today, Indian Banks Association (IBA) stuck to its earlier stand of 11 per cent (wage hike) despite unions scaling down their demand to 23 per cent. Consequently, the conciliation ended in failure," United Forum of Bank Unions (UFBU) Convener M V Murali told PTI. [Read: Consumer court asks SBI to pay compensation of Rs 20,000 to credit card holder]
Hence, the call for strike on November 12 stands, he added. "We have scaled down our demand from 25 per cent to 23 per cent, but IBA is not yielding. It has been sticking to its earlier offer of 11 per cent which is not enough," Ashwini Rana, General Secretary of National Organisation of Bank Workers, said.
Banks, including the country's largest one SBI, has already informed customers about the inconvenience they are likely to face on Wednesday. "UFBU has given a notice to IBA calling for nationwide bank strike on the November 12 and All-India State Bank Officers Federation and All-India State Bank of India Staff Federation being a part of UFBU will also participate in the said strike," SBI said in a statement.
"Since the said call is given at all-India level covering all banks, the bank will not be impacted separately," the statement said. Today's meeting before the Chief Labour Commissioner today ended in a deadlock so unions would go on with strike call, All India Bank Employees Association (AIBEA) General Secretary C H Venkatachalam said.
The staff of public sector banks had gone on a nationwide strike for two days beginning February 10 after discussions with the IBA had failed. The wage revision of public sector bank employees has been due since November, 2012.
The UFBU is an umbrella organisation of nine bank employee and officer unions. There are 27 public sector banks in the country with a combined employee strength of about 8 lakh. There are about 50,000 branches of these banks across the country.