Financial institution unions on Thursday deferred their proposed June 27 strike as Indian Banks’ Affiliation (IBA) agreed to provoke negotiation talks on their calls for.

The United Discussion board of Financial institution Union (UFBU), an umbrella physique of 9 financial institution unions, together with All India Financial institution Officers’ Confederation (AIBOC), All India Financial institution Workers Affiliation (AIBEA) and Nationwide Organisation of Financial institution Staff (NOBW) had threaten to go on strike to press for points associated to pension and the demand for five-days-a-week work.

As per the settlement with IBA, the negotiation talks on varied pending points would start on July 1, AIBEA basic secretary C H Venkatachalam mentioned after a gathering held underneath the chairmanship of Chief Labour Commissioner.

Different calls for included an updation and revision of pension for all pensioners and casting off the nationwide pension scheme and restoring the outdated pension scheme for all financial institution staff.

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