11th BPS/Joint Note (Talks held on November 30, 2018)
In today’s meeting (30.11.2018), IBA improved their offer to 8%. We(UFBU) replied it is far below our expectation and urged upon them to improve their offer. We also demanded full mandate. These issues will be pursued further. Thereafter UFBU meeting decided to go on strike on 26th Dec. against the merger of Bank of Baroda, Dena Bank and Vijaya Bank.
Detailed Circular follows. UFBU Source.
It is learned from a reliable source that on mandate issue above scale 4 AIBOC boycotted the meeting .
