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Wage issue: unions calls off Sept 18 bank strike

The proposed all India bank strike by United Forum of Bank Unions on September 18 has been called off following an agreement reached between UFBU and Indian Banks' Association at the conciliation proceedings before the Regional Labour Commissioner (central) in Bombay today.

The UFBU demanded commencement of negotiations over their charter of demands including expediting the comprehensive industry-level wage settlement without any pre-conditions.

''Both the parties agreed to start negotiations forthwith with an open mind to come at an amicable settlement'', an IBA statement said.

UNI