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Around 3.20 lakh officers from various state-run banks are on a one-day strike on 21st December seeking immediate wage revision and opposing the proposed merger of Vijaya Bank and Dena Bank with Bank of Baroda. The union also demanded wage revision, which is pending since November 1, 2017, for employees from scale 1-7.

Bank managements have mandated the industry lobby Indian Bank Association (IBA) to negotiate for scale 1-3.

“The IBA is also not coming forward to structure the 11th bipartite wage negotiations based on our charter of demands by discussing the wage revision for officers from scale 1-7 and also based on the concept of minimum wages as envisaged in the seventh Central pay commission report,” All- India Bank Officers Confederation (AIBOC) general secretary Soumya Datta said.(Courtesy: Press Reports)