Banks on 2 days strike from 30th May 2018

The country’s largest lender SBI today said its services may be impacted on May 30-31 if the proposed strike by various bankemployees’ unions take place.
The bank unions have been pressing for various demands, including wage revision in the wake of the proposal for a 2 per cent hike in salary.

State Bank of India said the Indian Banks’ Association (IBA) has communicated to the bank that the United Forum of Bank Unions (UFBA) has served a notice to go on a nationwide bank strike on May 30-31, 2018.

UFBU is an umbrella body of various bank unions like AIBEA, AIBOC, NCBE, AIBOA, BEFI, INBEF, INBOC, NOBW and NOBO.

“All India State Bank Officers’ Federation and All India State Bank of India Staff Federation are members of UFBU. Thus, it is likely that our bank will also be impacted to some extent by the said strike calls,” SBI said in a regulatory filing.

According to an UFBU circular, earlier on May 16, it gave a memorandum to IBA followed by demonstrations. It also gave memorandum to the finance ministry and labour ministry.