PSU Banks to go on Strike on Feb 20-21

New Delhi: The public sector banks across India have decided to go on a two-day strike on February 20 and 21, demanding higher wages to fight inflation and rising prices. The strike call was given by United Forum of Bank Unions (UFBU), which is a conglomerate of nine national level bank unions.

The banking operations would come to a complete halt on these two days if the bank unions are not persuaded to call off their strike. The banks have already informed their customers about this proposed strike.

According to National Organisation of Bank Workers (NOBW), the bank employees have been demanding revision of wages, which is due since November 2012, but no decision has been taken yet by the government. Also, they are opposing the banking sector reforms, which include the merger of banks.