Nationwide Bank Strike for 2 days – All India Bank Officers’ Association and State Sector Bank Employees’ Association will also participate in the strike.
Banking operations could be hit for two days this week as a section of public sector bank employees have threatened to go on a nationwide bank strike beginning July 12 to protest against the proposed merger of SBI associates and privatisation of IDBI Bank.
“As the conciliation meeting with the Chief Labour Commissioner
failed, we would continue with our strike call,” All India Bank
Employees’ Association General Secretary C H Venkatachalam told PTI.
In the event of the Bank strike taking place, the normal banking
operations may get affected on July 12 and July 13, State Bank of Mysore
said in a statement. Services like cheque clearances, cash deposit and
withdrawal at bank branches and other facilities would affected too in
case of the strike.
Venkatachalam said unions have explained the issues involved in Bank
strike notice in detail as to why the proposed closure of Associate
Banks and their merger with SBI, proposed privatisation of IDBI Bank and
so on are unwarranted. He emphasised that effective measures to recover
the alarmingly increasing bad loans is the real top priority for banks.
“We stated that instead of taking stringent measures against wilful
and deliberate defaulters, the government is diverting the attention of
the people by such steps like privatisation and consolidation as a means
to improve efficiency and profitability of the banks,” he said.
Source: DNA
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