Indian Banks’ Association,
representing the managements of banks in the country, will soon take up with
the Finance Minister the demands set forth by the United Forum of Bank Unions.
IBA functionaries and UFBU leaders
held talks on the ticklish issue of wage hike in Mumbai on Monday. The union
leaders were told that the issues raised by them would be taken up with top
Finance Ministry officials on Wednesday. Based on the Government’s stand, the
next round of bilateral talks would be held “within the next 10 days”. UFBU
leaders told Business Line that they had strongly pushed for a five-day
banking week (instead of six now), which is the norm in many countries. They
have also demanded regulation of working hours, a return to the old pension
scheme for bank employees, and better medical care and housing benefits.
Several rounds of talks have already
been held between the IBA and the unions over the demands, but the talks were
deadlocked on the crucial issue of wage hike. Source: Business Line
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