Possible two-day bank strike from 30 May

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In what seems like no respite for banks and their employees over the last few months with a number of bank being plagued by frauds as well as some being put under PCA (prompt corrective action) by the RBI, following the Indian Bank Association’s offer of a 2% hike for bank employees across the country, it’s most likely that bank employees across the country will protest the increment by going on a strike on 30 May and 31 May, 2018. With the meeting between the Indian Bank Association and the United Forum of Banks Union (UFBU) reaching no definite solution regarding the poor hike, and the constant letters for a negotiation to the Indian Bank Association being ignored, according to the secretary of the All India Bank Employees Association (AIBEA), C.H. Venkatachalam, bank employees as of now are all set to go on strike on the last two days of May to protest the wage hike.

Bank strike-Indian Bank Association
A most likely bank strike will be called by bank employees across the country following unsatisfactory hike

Miffed by the latest wage proposition, C.H. Venkatachalam, said that the lack of response from the Government and the Indian Bank Association is disappointing considering that bank employees have worked hard year-round and have lent their complete cooperation when it came to them implementing government schemes on their portals when required. Ending his strongly worded statement, he said the strike will go on as planned as it doesn’t seem like the Indian Bank Association or the government seems to be paying serious attention to the matter.  

With the ATM cash crunch proving to be an inconvenience to citizens just a month back – a result of the string of bank holidays towards the end of March as claimed by banks, it seems like another cash crunch following the possible bank strike is impending – much to the dismay of citizens across the country.

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