Bank employees to go on two-day strike by the end of May

Chennai, May 7: Over 10 lakh bankers in government and private banks will go on a two-day strike by the end of May if the government does not ask the Indian Banks Association (IBA) to make an improved offer, said a leader of the All India Bank Employees Association (AIBEA).

"It is a matter of shame that while thousands of crores of rupees are written off from profits towards bad loans of big corporates, the genuine demands of bank employees are being denied in this fashion," C.H. Venkatachalam, General Secretary, AIBEA, said on Sunday.

"If the Finance Ministry does not intervene to make the IBA to make their improved offer, it has been decide to call for a 48-hour continuous strike by end of this month," he said.

Wage revision talks between the United Forum of Bank Unions (UFBU) -- an umbrella body of bank unions -- and IBA representing various banks held in Mumbai on Saturday ended in a failure.