The agitational programmes include wearing black badges on October 10, nationwide demonstrations on October 17, and sit-ins at all state capitals between October 18 and 31, which will be followed by one-day nationwide strike, for which the date will be decided later.
    
The All-India Bank Employees Association (AIBEA) general secretary Ch Venkatchalam said that the decision follows the rejection of the union's demand for salary and pension hikes by the Indian Banks Association (IBA) on Saturday.
    
The IBA rejected the call for updating about 5 lakh pension accounts, citing the high cost involved, while the IBA stuck to the 11 per cent salary hike offered at the previous meetings, Venkatchalam said.
    
"We categorically informed the IBA that the UFBU would be reasonable and flexible in its approach provided the same is reciprocated by the IBA on the issues raised by us and insisted on IBA to improve their offer to take the negotiations forward," he said.
    
It may be recalled that the UFBU leaders had met Finance Minister Arun Jaitley in Delhi on June 26 and had sought his intervention for early settlement wage revision.
    
General secretaries of nine employee unions under the umbrella of UFBU had presented the case for as much as 25 per cent hike in pay slip component.
    
The UFBU comprises five workers unions--AIBEA, NCBE, BEFI, INBEF and NOBW-- and four officer associations of AIBOC, AIBOA, INBOC and NOBO.
    
The wage revision of public sector bank employees has been due since November 2012. In the last round of wage revision settlement signed in 2010 for 2007-12, the management had agreed to 17.5 percent raise in total salary.
    
Unions had gone on a two-day nation-wide strike in February to press for their demands. Citing high inflation, they  had rejected the management's offer of a 10 percent hike
in the cash component of the pay package, which was improved to 11 percent after the two days nationwide strike.
    
The 27 public sector banks have a combined employee strength of about 8 lakh.

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