Bank employees resume work from today.Byline: ANI New Delhi New Delhi (dĕl`ē), city (1991 pop. 294,149), capital of India and of Delhi state, N central India, on the right bank of the Yamuna River. , Aug 8 (ANI): Bank employees on Saturday resumed work after a two-day strike by public sector bank employees union. The Indian Bank Indian Bank, established in 1907, is a major Indian commercial bank headquartered in Chennai (Madras), India. It has 22000 employees and 1400 branches and is one of the big public sector banks of India. Association (IBA IBA abbr. International Bar Association IBA (in Britain) Independent Broadcasting Authority IBA n abbr (Brit) (= Independent Broadcasting Authority ) on Friday reportedly agreed to the demand of the ank employees for 17.5 per cent hike in their salaries. The IBA had earlier agreed to give an average 17.5 per cent hike, but later pruned it to 13 per cent. It was also decided that bilateral talks on wage hike would be held very soon. The strike that began on Thursday nearly brought to a halt all bulk cash withdrawals, money market transactions, forex operations and letter of credit and cheque clearances, besides hitting retail transactions, including ATM operations and loan sanctions Sanctions is the plural of sanction. Depending on context, a sanction can be either a punishment or a permission. The word is a contronym. Sanctions involving countries: About one million employees of country's dominating public sector banks along with some private and foreign banks staff who were on strike demanding the government to increase their wages by 17 per cent, as agreed to between bank unions and IBA earlier. (ANI) Copyright 2009 Asian News International The Asian News International (ANI) agency provides multimedia news to China and 50 bureaus in India. It covers virtually all of South Asia since its foundation and presently claims, on its official website, to be the leading South Asia-wide news agency. (ANI) - All Rights Reserved. Provided by Syndigate.info an Albawaba.com company |
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