Demanding the wage revision settlement for bank employees and officers, the United Forum of Bank Unions held a protest from Bank of India, Kingsway to Allahabad Bank, Civil Lines. All the bank employees in the country have called for a 2 days strike i.e. on January 31 and February 1, 2020, under the banner of United Forum of Union Banks (UFBU) for demanding fare wage revision settlement.
The other demands like scrap new pension scheme, updation of pension, improvement of family pension, defined working hours for officers and other issues. The UFBU is an umbrella organisation that includes 9 bank unions such as All India Bank Officers’ Confederation (AIBOC), All India Bank Employees Association (AIBEA) and National Organisation of Bank Workers.
More than six thousand bank employees participated in the protest, which started at 10 in the morning.
According to Suresh Bobhate, Convener of  UFBU, the government has agreed to provide a 15 percent hike on payslip components with adequate loading, he believes that the government will have to attend to their following demands along with other non-financial issues.
Despite more than 30 months of negotiations, IBA is unable to settle the wage hike on a reasonable basis as well as other important demands raised by the unions and UFBU has given a call for 2 days strike action to highlight our demands,†said Jaiwant Gurway, General Secretary, EMBEA and Treasurer of UFBU.