Bank strike today news: Two-day nationwide strike deferred; Banks' Association agrees to hold meeting with unions

Bank strike today news: The United Forum of Bank Unions (UFBU) has deferred the two-day nationwide bank strike on January 30-31. The UFBU is an umbrella body of several bank unions which had earlier decided to go on strike to press their various demands.

The decision was taken following an understanding at the conciliation meeting held in Mumbai, said C.H.Venkatachalam, General Secretary, All India Bank Employees' Association (AIBEA). 

Crucial meet with unions on January 31

According to Venkatachalam, the Indian Banks' Association (IBA) has agreed to hold a meeting with the unions on January 31.

At the conciliation meeting held on Friday, it was decided that the three common issues -- five day banking, updation of pension and restoration of old pension scheme -- will be discussed on January 31.

What are the demands of Bank Unions? 

The strike was to press for the following demands

1) Five days banking

2) Updation of pension

3) Scrapping of National Pension System (NPS)

4) Immediate starting of negotiation on charter of demands for wage revision

5) Recruitment in all cadres

(IANS Inputs) 

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