Banks have gone on a nationwide relay strike demanding wage revisionFinancial services affected at many places in North India as bank employees and officers of 27 Public Sector banks, 12 private banks and six foreign Banks in Chattisgarh, Haryana, Himachal Pradesh, Jammu & Kashmir, Madhya Pradesh, New Delhi, Punjab, Uttar Pradesh, Uttaranchal, Rajasthan and Union Territory of Chandigarh observed relay strike under the banner of United Forum of Bank Unions (UFBU), an umbrella organization of 9 bank employees and officers unions. “We observed one-day all India Bank strike on 12th November 2014 for the demand of wage revision and have resorted to this relay strike that started from December 2, 2014 and will continue till  December 5, 2014. The strike is a total success, claimed Shri Ashwani Rana, Vice-President, National Organization of Bank Workers.NOBW Vice President Ashwani Rana
Last minute attempt made by Dy Chief Labour Commissioner and the IBA on 1st December, 2014 could not avoid the Strike. 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 common charter of demands, separately for workmen and officers, were submitted by the UFBU to the IBA on 30.10.2012 i.e., before the expiry of last bipartite settlement.
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.
The banks will continue the strike in the tomorrow in Eastern Zone consisting of States of Bihar, Jharkhand, Odisha, Sikkim, West Bengal, North Eastern States and Union Territory of Andaman & Nicobar Islands.