SBI employees submit revised offer
SBI employees submit revised offer
Striking State Bank of India employees on Saturday submitted a revised offer during an over three hour meeting with bank chairman A K Purwar in Mumbai.

Mumbai: Striking State Bank of India employees on Saturday submitted a revised offer during an over three hour meeting with bank chairman A K Purwar in Mumbai.

After the meeting, All India SBI Staff Federation General Secretary P K Patnaik said that the union has given a revised offer restricting their demand for 50 per cent of last drawn salary as pension up to AGM level (scale V) instead of earlier demand for up to general manager level.

He also said that the bank chairman has agreed to get back to them after consulting the Finance Ministry.

The union is to hold another round of talks with Purwar later on Saturday night after he consults the Ministry. The employees’ representatives also have written to Finance Minister P Chidambaram to intervene to the break the impasse.

Meanwhile, the Finance Ministry officials were holding discussions on the developments.

Earlier, SBI employees said they would work on Sunday as well as 24 hours for the next two days provided the management gives a written assurance that their demand would be met.

About 2.10 lakh employees in 9,000 branches of the bank across the country are on an indefinite strike since April 3 in support of their demand seeking higher pension.

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