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IDBI Bank staff plan 2-day strike

A group of IDBI Bank Ltd. employees is planning to strike over wages Oct. 24 and Oct. 25, The Hindu Business Line reported Oct. 16.

The United Forum of IDBI Officers and Employees is planning a two-day strike after the bank's management offered a wage hike of only 7% to 8% against the group's demand for a 15% wage increase.

The employee group could not accept the proposal, according to joint convenors Ratnakar Wankhade and Vithal Koteswara Rao A.V. The group also opposes additional protection allowance and the withdrawal of certain payslip components.