Bank employees resume work from today

Posted By: Staff
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New Delhi, Aug 8 (ANI): Bank employees on Saturday resumed work after a two-day strike by public sector bank employees union.

The Indian Bank Association (IBA) on Friday reportedly agreed to the demand of the ank employees for 17.5 per cent hike in their salaries.

The IBA had earlier agreed to give an average 17.5 per cent hike, but later pruned it to 13 per cent.

It was also decided that bilateral talks on wage hike would be held very soon.

The strike that began on Thursday nearly brought to a halt all bulk cash withdrawals, money market transactions, forex operations and letter of credit and cheque clearances, besides hitting retail transactions, including ATM operations and loan sanctions.

About one million employees of country's dominating public sector banks along with some private and foreign banks staff who were on strike demanding the government to increase their wages by 17 per cent, as agreed to between bank unions and IBA earlier. (ANI)

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