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Bank strike deferred indefinitely; govt panel to look into issues of merger, pay

A statement to this effect was issued by the unions after their representatives met Union Finance Secretary Rajiv Kumar in New Delhi on Monday. 

Following their meeting with the Finance Secretary, the union leaders stated that the government has agreed to form a committee to look into the concerns raised by them.

Four bank unions – All India Bank Officers’ Association (AIBOA), All India Bank Officers’ Confederation (AIBOC), National Organisation of Bank Officers (NOBO), and Indian National Bank Officers’ Congress (INBOC) – had threatened to go on a two-day strike on September 26 and 27 to protest against the consolidation of 10 state-run banks into four.

The unions had also demanded a revision in the employees’ wages as well as a hike in their pensions.

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