Unions of public sector banks are scheduled to meet Indian Banks' Association (IBA) on Friday to discuss the issue of wage revision.
Representatives of the United Forum of Bank Unions ( UFBU), an umbrella organisation comprising nine employees unions, will hold the meeting with IBA which represents managements of Indian banks.
Bank employees had gone on two-day nation-wide strike in February to press for their demands citing high inflation and rejecting the management's offer of a 10% hike in the cash component of the pay package.
It included basic pay, dearness allowance, house rent allowance, routine medical expenses and a special allowance, but excluding superannuation benefits, travel allowance and hospitalisation reimbursement.
Source:The Economic Times
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