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Wage Hike Demand Unjustified in View of Banks Facing PCA, Official Says
June 04, 2018
Photo credit: Sudipto_Sarkar on Visualhunt.com /CC BY-NC-ND
With 11 public sector banks (PSBs) already under the Prompt Corrective Action (PCA) framework and a few more on the verge of slipping into as well, the 2-day strike organized by bank employees across the nation for wage increase is unjustified, a top bank official said.
As many as 10 lakh bank employees had observed a 2-day strike on May 30 and May 31 which brought the banking operations to a standstill and even led to massive losses.
Earlier, the Indian Banks’ Association (IBA) had offered a “meagre” 2% pay hike which was rejected by banks’ unions and they decided to call a nationwide strike.
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