More than 10 lakh bank employees joined the nation wide strike on 12th November, 2014 against the negative approach of the Indian Banks Association and the central government on the wage agreement. This is the third strike waged by the bank employees under the joint banner of United Forum of Bank Unions for one and the same issue. The last wage agreement has expired in 2012 and 14 rounds of bilateral talks held have not yielded any positive result. The unions have been taking a very positive stand all along and have come down from 30 per cent hike to 17.5 percent which was granted in the last wage agreement. Therefore the strike is fully justified and this has reflected in the massive participation.