Bank employee unions are set to go on a two-day strike beginning January 31, demanding a salary hike. Several banks are likely to be shut on Friday and Saturday. The strike has been called by the United Forum of Bank Unions (UFBU) which represents nine trade unions.
UFBU is seeking a 20% hike in wage, but the Indian Banks' Association (IBA) has capped the raise at 12.25%. Unions had decided to go on strike after talks over wage revision failed to make any headway with the IBA.