Positive news for bank employees might come before Diwali: Sources

Positive news for bank employees might come before Diwali: SourcesHectic parleys are going on in the Government to break the deadlock between United Forum of Bank Unions (UFBU) and Indian Banks’ Association (IBA), the body that represents banks managements. Secretary Financial Services GS Sandhu has held talks with the IBA for breaking the deadlock over . Sources say that Government wants to break the deadlock before Diwali in order to give a “positive signal” to two lakh to 10 lakh bank workers in over 50 banks.

As per banking sources, the IBA might ask the UFBU to climb down the demand to “last wage levels”. However, a final word on the same is still awaited. The last revision was done at 17.5 per cent levels in 2010 for 2007-12 while the UFBU has demanded 23 per cent this time.

Shri Ashwani Rana, Vice President, National organization of Bank workers told NEWS MSME that if a positive signal comes from the IBA, then the UBFU will certainly look at it. He said that even loss making Indian Railways has announced bonus for its employees while the profit making banking employees are fighting for the wage revision for the last two years.

The UFBU had maintained the after the last talk with the IBA that it would be “reasonable” and “flexible” in its approach provided the same is reciprocated by the IBA.

UBFU has called a meeting on 10th October to decide the future course of action. The proposed strike on 28th October is likely to be deferred as it coincides with Chat Puja, a very auspicious festival for majority of north India states like Delhi, Uttar Pradesh and Bihar.

A section of the UFBU strongly feels that instead of one day strike, banks should go for indefinite strike to decide the wage revision matter for once. However, bank unions want to use indefinite strike as last resort.