This Diwali may have failed to bring cheer to more than 800,000 employees working for state-run banks, who are yet to get some news on their wage revision.
Insiders said that at a recent meeting held with the Indian Banks' Association and bank employees that there was no consensus on the quantum of wage increase even as Prime Minister Manmohan Singh approved the constitution of the seventh pay commission to look into the salaries of 80,00,000 government employees and pensioners.
"Employees are very dejected and things are moving at a very slow pace and the dejection is even more since the announcement of the seventh pay commission has already come," Ashwani Rana, general secretary, National Organisation of Bank Workers, told HT.
The bank unions could even go on strike if talks fail in the near future.
"We will have to take action and we could also go on a nationwide strike," Rana added.
At present, there are 26 public sector banks.
The Anil Khandelwal committee, which was constituted to look into the human resource issues of public sector banks, noted that there was an acute crunch of talent in state-owned banks and there was reluctance in joining a government bank as they failed to provide career growth for employees.