United Forum of Bank Unions (UFBU) Convener M V Murali said," n 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."
Ashwini Rana, General Secretary of National Organisation of Bank Workers, said,"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."
SBI has already notified its customers about the inconvenience that they are likely to face today. In a statement, it said,"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.
[Read: The reason behind bank strike]
All India Bank Employees Association (AIBEA) General Secretary C H Venkatachalam said that the meeting with the meeting with the Chief Labour Commissioner ended up in a deadlock.