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SBI union rejects new wage pact

The All-India State Bank Officers Federation (AISBOF) has rejected the proposed wage hike and pension benefits and demanded a separate wage revision.

AISBOF vice-president SK Haldar said, “We do not agree with the proposed salary hike for bank employees. The SBI employees demand that the increase should be at par with the salary of the Central government employees.”

After a lengthy discussion in Mumbai, the Indian Banks Association (IBA) and United Federation of Banking Unions (UFBU), representing nine bank employee associations, had agreed to the wage hike and pension benefits.

Mr. Haldar, who was in Berhampur, Orissa, to attend the zonal conference of the SBI Officers Association, said that AISBOF will decide its future course of action on Tuesday.

He further added that SBI employees, numbering around 3 lakhs, are ready for an indefinite strike to demand a separate wage revision at par with Central government employees.

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