New Delhi: Employees of public sector banks have threatened to go on two-day nation-wide strike from May 30 against “a meagre” 2% hike offered by the management body, Indian Banks’ Association (IBA).

During the negotiations held on May 5, IBA made two unacceptable propositions  including an offer of 2% hike in the wage bill cost as on March 31, 2017, United Forum of Bank Unions (UFBU) said in a statement.

Besides, it adamantly maintained that the negotiations on officers’ demands would be restricted up to Scale III only, AIBEA General Secretary C.H. Vekatachalam said.

In the last wage revision, IBA provided an increment of 15%.

UFBU is an umbrella body of nine Unions, including All India Bank Officers’ Confederation (AIBOC), All India Bank Employees Association (AIBEA) and National Organisation of Bank Workers (NOBW).

AIBOC Joint General Secretary Ravinder Gupta also questioned the rationale of this “meagre” hike.