Detailed Report on Negotiations with IBA – BEFI

Detailed Report on Negotiations with IBA – BEFI

In view of some improvement in the talks, UFBU decided to defer the proposed Strike of 07th January 2015. During the negotiations on 07th, UFBU once again insisted on IBA for further improving its offer, to which IBA expressed that they want some more time for discussion amongst themselves. To our demand that negotiations be held at regular intervals for arriving at a settlement without further delay, IBA responded positively and indicated its intention to conclude the process by the end of February 2015. 

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No improvement in Conciliation meeting held on 5.11.2014 – Bank employees Strike on 12.11.2014

No improvement in IBAs offer – UFBU decides to go ahead with the strike on 12.11.2014

Conciliation meeting held by CLC today(5.11.2014) – No improvement in IBAs offer – CLC calls for further meeting on 10th instant – UFBU decides to go ahead with the strike

Further to the Strike notice served on the IBA by the UFBU, conciliation meeting was held today in New Delhi by Mr. P.P. Mitra Chief Labour Commissioner, Ministry of Labour, Government of India. IBA was represented by Mr. M.V. Tanksale, Chief Executive, Mr. Unnikrishnan, Dy. Chief Executive and other officials. UFBU was represented by all the constituent unions.

During the conciliation proceedings, the IBA contended that due to the reducing profitability of the Banks, they are unable to accept the demands of the UFBU and stated that for the sake of an amicable settlement, they would be willing to consider improving their present offer provided UFBU agrees to substantially reduce the demands. IBA also suggested that UFBU should defer the strike so that the negotiations may be further continued.

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Bank Employees Strike on 12th November 2014

Bank Employees Strike on 12th November 2014



UFBU have announced a all India token strike on November 12 to reiterate their demands for a wage revision. The decision was made at the meeting that was held in Bengaluru yesterday.



It has been more than two years since the wage revision agreement had expired. Following this, a number of meetings were held between the associations and the bank management over the new salary and increment contracts. The IBA didnít accept the demand for a 25% salary hike. Instead, the management offered 11% hike. The negotiations failed.

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