About one million bank employees join the two-day strike

Earlier, IBA (Indian Bank Association) had offered only two percent increment on demand by United Forum of Bank Unions (UFBO), which was rejected by the UFBO and later they announced the strike.

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Government Bank employees have begun a two-day strike in protest to receiving only two per cent increment. The strike will be last for the ongoing two days, i.e. May 30 and May 31, and around one million bank employees are involved in the strike. This strike has created a ruckus for working class as they receive their salaries during month-end period.

On the other hand, ICICI Bank, HDFC Bank and Axis Bank which are private banks, are conducting their work as usual. However, there are issues regarding cheque clearance but the banks have arranged extra cash in the ATMs in order to aid their customers.

All India Bank Employees Association's Vice Chairman, Vishwas Utagi, spoke with 'Mumbai Live' and told that six foreign banks, 22 nationalized banks and 18 private banks will be participating in the strike from 6:00 am, Wednesday.

Utagi added that the increment that government is providing seems like a gimmick and there are no increments for higher officials. He mentioned that due the current poilicies of government, 18 out of the 22 nationalised banks’ employees have suffered a lot.

Earlier, IBA (Indian Bank Association) had offered only two percent increment on demand by United Forum of Bank Unions (UFBO), which was rejected by the UFBO and later they announced the strike.

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