If strike happens it would impact government fund transfer during the time of Budget. Budget session of Parliament is scheduled to start from February 23. The wage revision of public sector bank employees has been due since November 2012. Earlier, unions had deferred one-day strike scheduled for January 7 as IBA improved the wage hike offer to 12.5 per cent from 11 per cent earlier. Following this, unions also deferred the proposed four-day strike from January 21 after the management of banks (IBA) assured that wage-related issues would be resolved by early February.
To press for their demand, the bank unions had gone on four-day rotational strike between 2nd and 5th December. There are 27 public sector banks in the country with combined employee strength of about 8 lakh. There are about 50,000 branches of these banks across the country.
