InvestorQ : What are the bank unions protesting against in today’s PSB strike?
Rohan Bhadani made post

What are the bank unions protesting against in today’s PSB strike?

Answer
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Gauravi Patel answered.
2 years ago


Public sector bank unions are protesting the proposed merger of Vijaya Bank and Dena Bank with Bank of Baroda. The nation-wide strike call was given by bank unions and is the second bank strike in less than a week with the first one being on December 21.

The unions are, additionally, demanding a 25% hike in salaries for all bank employees under scale 1 to 7 and reject the proposal to introduce variable pay.