Unions Pull Off 3-day Strike as Banks Raise Pay Hike Offer to 15%

GUWAHATI: Bank employees and officers' unions of public sector banks have deferred the proposed three-day strike after banks raised the wage hike offer to 15 per cent from 12.5 per cent. 

Earlier, the strike had been called by the constituents of United Forum of Bank Unions (UFBU), the umbrella body of the trade unions in the banking sector.

All India Bank Employees' Association (AIBEA) said in a statement that in the bipartite meeting, which was held between the unions and Indian Banks Association (IBA), discussions were held in respect of offer of increase in pay slip cost to 15 per cent, demand for five-day banking among others.