Fresh attempts were made to resolve the wage revision issue of over eight lakh bank employees across country. A delegation of NOBW and NOBO industrial federations met Labour Minister Bandaru Dattatreya in New Delhi today to highlight the issue. The employee unions urged the minister to resolve the issue and intervene in the matter. “The minister assured the delegation that he will look into the matter and advice the concerned”, said Shri Ashwani Rana, Vice-President, NOBW. The delegation also met officials of Finance Ministry in this regard.Bank employeesprotesting at Parliamant strret on stike (file)

Earlier Financial services were severely affected in First week of December as bank employees and officers of 27 Public Sector banks, 12 private banks and six foreign Banks observed relay strike under the banner of United Forum of Bank Unions (UFBU), an umbrella organization of 9 bank employees and officers unions. All India Bank strike was observed on 12th November 2014 for the demand of wage revision too.

The Indian Banks’ Association (IBA) representing banks’ management has refused to improve their offer of 11 per cent while the unions have demanded a 23 per cent hike lowering the original demand of 25 per cent.

The wage revision for bank employees is pending for the last two years. The IBA is quoting the reason of non-affordability due to NPAs for which employees and officers are no where concern and working for the operating profit.

Ministry of Labour had earlier made attempts to break the impasse though with no success so far.