July 04, 2026 06:55 am (IST)

Make this your homepage

News

'Why can't citizens protest against the government? They are being made slaves by slapping cases': Bombay HC slams Mumbai Police, quashes activist's externment | 'First he cheats on me...': Siya Goyal's old pub video goes viral amid probe into fiancé Ketan Agarwal's alleged murder | Ronaldo's goal, Ramos' last-gasp winner send Portugal past Croatia, set up Spain clash | India-US trade deal almost done! Piyush Goyal hints at breakthrough | Ram Mandir donation scam: Champat Rai points finger at his own driver | PM Modi welcomes Japanese PM Sanae Takaichi as India-Japan ties enter a new era | 'Not an isolated incident': India slams Pakistan after 125-year-old historic Gurdwara is demolished | Ram Mandir donation theft: Six accused were employed by Varanasi-based security firm, probe reveals | Ayodhya Ram Temple donation theft: Probe says majority of money was allegedly stolen during Kumbh Mela | Commercial LPG price slashed by Rs 183.50 from July 1; check new rates in Delhi, Mumbai, Kolkata and Chennai

Bank strike from Feb 25 called off

India Blooms News Service | | Feb 24, 2015, at 12:06 am

Mumbai, Feb 23 (IBNS) Employees unions of public sector banks on Monday called off their proposed four-day strike after reaching agreement on a 15 percent wage increase.

"In today's talks, wage revision settled at 15 per cent with effect from November 2012," United Forum of Bank Unions (UFBU) Convener M V Murali said.

The UFBU had called for a strike from February 25 to press for its demands,including higher wages and a five-day work week.

Following the agreement reached between UFBU and and Indian Banks Association (IBA) bank employees will now also get holidays on two Saturdays in a month.

The wage revision of public sector bank employees has been due from November 2012.

Unions reached the wage settlement after 18 rounds of negotiations over more than two years.

The new wage scale will be valid for five years from November 2012.

There are 27 public sector banks in the country with about 8 lakh employees.

#Bank strike from Feb 25 called off

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.

India
International

Related Images

In Images: PM Modi holds high-stakes bilateral talks with Japan's PM Sanae Takaichi Jul 02, 2026, at 04:19 pm

In Images: PM Modi rolls out grand welcome for Japan's PM Sanae Takaichi in New Delhi Jul 02, 2026, at 03:43 pm

In Images: PM Modi, Seychelles President held bilateral talks Jun 28, 2026, at 04:56 pm