The proposed four-day all India bank strike from January 21 stands deferred.
The decision of the bank unions to defer the strike comes in the backdrop of IBA improving its offer to hike salaries by 12.5 per cent of the payslip amount, say sources in the banking industry.
The strike has been deferred on two main counts.
First, the IBA requested the strike plan be dropped as it was looking into the unions’ demands.
Secondly there was no consensus among the nine main bank unions on whether they should go ahead with the strike.