Employee unions of public sector banks on Monday threatened to go on a two-day strike beginning January 20 to press for early wage settlement and other demands.
"In today's meeting at Hyderabad, it has been decided to urge upon IBA and the government to resume talks with a better and reasonable offer of wage increase and expedite settlement failing which the unions would go on a 48-hour strike from January 20," United Forum of Bank Unions (UFBU) convener C H Venkatachalam told the news agency.
Staff of public sector banks had gone on a one-day nationwide strike on December 18. General Secretary of National Organisation of Bank Workers, Ashwini Rana, said Indian Banks' Association (IBA) held discussions with UFBU on December 14 on wage revision. After discussions, IBA stated that they would be able to offer an increase of 5 per cent over the wage expenses.