Nine bank unions on Monday started a nationwide two-day strike against the move to privatise public sector banks and “retrograde” reforms, ...
Nine bank unions on Monday started a nationwide two-day strike against the move to privatise public sector banks and “retrograde” reforms, PTI reported. As many as 10 lakh bank employees and officers are expected to take part in the protest.
The United Forum of Bank Union, an umbrella body of nine bank unions, had called for the strike. This will lead to a four-day break in regular operations as banks were already closed on Saturday and Sunday. Services such as deposits and withdrawal at branches, cheque clearance and loan approvals might be affected due to the strike. But ATMs are likely to function as usual.
Private banks, like HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Axis Bank and IndusInd Bank, will not be affected, according to The Indian Express. However, these account for only one-third of banking services in the country.
Public sector lenders, including State Bank of India, have informed customers that services in their branches might be affected due to the strike.
All India Bank Officers’ Confederation, All India Bank Employees Association, National Confederation of Bank Employees, All India Bank Officers’ Confederation, Bank Employees Federation of India, Indian National Bank Employees Federation, Indian National Bank Officers’ Congress, National Organisation of Bank Officers, and the National...
