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Home Latest india news 2-day nationwide bank strike to coincide with Budget Day on February 1

2-day nationwide bank strike to coincide with Budget Day on February 1

The United Forum of Bank Unions (UFBU) today called for a two-day nationwide bank strike on January 31 and February 1 as wage revision talks with the Indian Banks’ Association (IBA) remained unsuccessful.

This is the second bank strike this month, after the first one was observed along with Bharat Bandh on January 8.

“From April 1, we have decided to go on an indefinite strike,” UFBU state convenor Siddartha Khan was quoted by PTI.

A delegation representing the UFBU had demanded a 15% wage hike, which was brought down to 12.25 % by IBA. UFBU‘s  other demands included a merger of special allowance with basic pay and a uniform 5-day work week.

It is to be noted that the timing of the nationwide bank strike will coincides with Budget day. The Economic Survey will be presented on January 31 while on February 1 Finance Minister Nirmala Sitharaman will present her second Budget.

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