BackSBI requests staff to reconsider decision to hold strike. Full statement here
‘We request our staff members to reconsider their decision and refrain from participating in the proposed strike on 16th and 17th December 2021 in the interest of our customers, investors and the bank,’ SBI said in a statement
PremiumIn view of the proposed strike on 16 and 17 December, the State Bank of India (SBI) on Monday requested its employees to reconsider their decision and refrain from participating in the strike in the interest of “customers, investors and the bank".
“We request our staff members to reconsider their decision and refrain from participating in the proposed strike on 16th and 17th December 2021 in the interest of our customers, investors and the bank," the country's largest public sector bank said in a statement.
“Furthermore, considering the ongoing pandemic situation, resorting to a strike will cause great inconvenience to the stakeholders," it added.
The United Forum of Bank Unions (UFBU) has called a two-day nationwide strike to protest against the government's move to privatise public sector banks.
UFBU is an umbrella organisation of bank unions. Sanjay Das, general secretary of All India Bank Officers Confederation (AIBOC) said that this move to privatise PSBs will hurt the priority sectors of the economy and also credit flow to self-help groups and to the rural economy.
According to him, 70 per cent of the country's total deposits are with the public sector banks and handing them over to private capital will put the common man's money deposited with these banks into jeopardy, PTI reported.
In an exchange filing on 10 December, the SBI said. "We have been advised by the lndian Banks' Association (lBA) that United Forum of Bank Unions (UFBU) has served a Notice of Strike, informing that the members of the constituent Unions of UFBU viz. AIBEA, AIBOC, NCBE, AIBOA, BEFI, INBEF and INBOC propose to go on a nationwide Bank Strike on l6th & l7th December, 2021 in support of their demands. We advise that while the Bank has made necessary arrangements to ensure normal functioning in its branches and offices on the days of Strike, it is likely that work in our Bank may be impacted by the Strike.
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!
