The Public Sector Bank Employees have decided for a series of strike in the new year due to the adamant attitude of the Indian Bank Association in not prepared justified increase in the wages. The IBA is only prepared only to a meagre increase of 11%, while the United Forum of Bank Unions (UFBE), the apex body of all the unions in Banks, is demanding 23% increase.  The latest talks also having failed, the UFBE has decided for a series of strike. One of the reason mentioned by the IBA is that due to the NPA ( bad loans), there is dearth of funds. The unions are questioning why the bad loans have not been recovered. It is the responsibility of the Bank managements to recover the loans of thousands of crores of rupees to the corporates and big business. The increase in NPA is not due to the employees, but only due to the managements favouring the corporates and rich.

The UFBE stated that a one day strike will be organised  on 7th January 2015, four days strike from 21 January  and Indefinite Strike from 16th March 2015.

We fully support the justified strike of the Bank Employees.