Chennai: Employees of the IDBI Bank will strike on Monday pressing demands like wage revision, opposing out sourcing and others, said a top leader of All India Bank Employees' Association (AIBEA).

"The conciliation meeting was held in Mumbai for the past three days but despite the reasonable stand of the Union (All India IDBI Employees Association) to find an amicable solution, the IDBI management took a negative approach. As a result there was no agreement forcing the union to go on strike," C.H.Venkatachalam, General Secretary, AIBEA told IANS on Sunday.