Govt banks likely to be closed for two days
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Govt banks likely to be closed for two days

PSU banks employees unions are demanding wage revision settlement.

Govt banks likely to be closed for two days

New Delhi: State Bank of India, Oriental Bank of Commerce and seven other PSU banks are likely to remain closed for two days after the United Forum of Bank Unions (UBFU) called a nationwide bank strike on January 31 and February 1. 

Following the strike dates, February 2 will fall on Sunday, which means that the banks will remain closed for continuously three days.

According to a statement issued by All India Bank Employees Association, a member of UBFU, the reason behind the strike is wage revision for public sector bank employees which is pending since 2017 and lack of clear commitment from the Indian banks' association on the unions' demands.

The statement read, “IBA's rigid approach has left us with no option than to go on strike. We appeal to the banking customers to bear with us for this disruption in services due to the strike but the same has been forced on us by the bank managements and IBA.”

PSU banks employees unions are demanding wage revision settlement at 20 per cent hike on pay slip components with adequate loading pending since 2017.

The residents are advised to make provision for their financial needs in advance keeping in view the two days of strike and Sunday falling the next day.