Strike cripples IDBI banks


Chennai, Oct 24 (IANS): Around 1,900 branches of IDBI Banks across the country were shut on Tuesday due to a strike by employees demanding wage revision, said a leader of the All India IDBI Officers Association (AIIDBIOA)

The employee unions - officers and staff - are on strike on Tuesday and Wednesday.

"The bank has 15,000 officers and around 2,000 staff members working in the 1,900 branches spread across the country. All the branches are closed due to strike," protest leader Vithal Koteswara Rao A.V. told IANS.

Wage revision for employees and officers of IDBI Bank is due for the period from November 1, 2012 to October 31, 2017, on the lines of the settlement in all other banks.

In the case of all other Banks, not only wage revision was settled in May 2015 with effect from November 2012, the negotiation for the next wage revision due from November 1, 2017 was also underway.

According to Rao, the bank handles around 250,000 instruments valued around Rs 1,800 crore daily.

"Nearly 60 per cent of that have been affected due to the strike," he added.

  

Top Stories

Comment on this article


Leave a Comment

Title: Strike cripples IDBI banks



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.