6 public sector bank employees to join trade union strike on Sept 2
Banking operations are likely to be hit on Friday as employees of six public sector banks have decided to join the stir that has been called by central trade unions to protest against "anti-labour policies" of the government.
Many banks have already communicated to their customers about likely inconvenience.
Unions like All India Bank Employees' Association (AIBEA), Bank Employees Federation of India (BEFI), All India Bank Officers' Association (AIBOA), All India Bank Officers' Confederation (AIBOC) and Indian National Bank Officers Congress (INBOC) have served notice, saying they will go on a one-day strike on September 2.
Most banks, including State Bank of India (SBI), feel that in case the strike goes ahead, their services are likely to be impacted.
"Bank unions are opposing anti-people banking reforms, privatisation of banks, closure of associate banks and merger with SBI," AIBOC General Secretary Harvinder Singh said.
There is continuous attempt by the government to push their reforms agenda aimed at privatisation of banks, consolidation and merger of banks and the like, said AIBEA General Secretary C H Venkatachalam.
However, National Organisation of Bank Workers (NOBW) and National Organisation of Bank Officers are not part of the strike.
"As Bharatiya Mazdoor Sangh (BMS) is not part of central trade union strike, we as an affiliated organisation are not participating," said NOBW Vice-President Ashwani Rana.
Banks have taken necessary steps to ensure smooth functioning and that there is no cash crunch for retail customers, an official of a public sector bank said.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
Top Gold ETF vs Top Large Cap Mutual Fund 10-year Return Calculator: Which has given higher return on Rs 11 lakh investment; see calculations
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
EPF vs SIP vs PPF Calculator: Rs 12,000 monthly investment for 30 years; which can create highest retirement corpus
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
05:58 PM IST