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K. R. Srivats

New Delhi, July 31 The United Forum of Bank Unions (UFBU), a representative body of nine bank unions, has decided to go ahead with the planned strike on August 6 and 7 after the conciliation talks held on Friday did not yield any result.

The Chief Labour Commissioner, Mr S. K. Mukhopadhyay, had convened a conciliation meeting here to avert the two-day strike.

The UFBU said at the meeting that the negotiations (for wage revision) should be resumed forthwith at the level the issues were discussed up to June 9, when the IBA’s offer was a 17.5 per cent increase. Later, IBA revised downwards the offer to 15 per cent, leading to the strike call by the bank unions.

The Indian Banks’ Association (IBA) is understood to have said at the meeting that Government had sought a clarification on the wage revision proposal and therefore it cannot commit to anything without getting further direction from the Centre.

“The strike stands. IBA is sticking to its reduced offer (15 per cent), which is totally unacceptable,” Mr C. H. Venkatachalam, Convenor, UFBU, told Business Line, after the meeting.

While advising the IBA to hold further talks with the bank unions, the Chief Labour Commissioner adjourned the proceedings to August 4.

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