Bank strike next week. Branch operations could be hit
1 min read . Updated: 16 Oct 2019, 04:28 PM IST-kyXB--621x414@LiveMint_1571223065040.JPG "PSU banks are likely to be the worst affected as a result of the strike. (Mint)")
Premium- Bank of Baroda has said its operations could get affected as a result of the bank strike
- Several bank unions are up in arms against the government for its plans to merge PSU banks
NEW DELHI : Banking operations could be hit next Tuesday as bank employee unions have called for a strike over several issues including the mega merger of public sector banks.
Bank of Baroda has already warned that its bank operations could get badly affected owing to the proposed strike by trade union organisations on October 22. In a statement, the bank, however, assured that it is taking all necessary steps for smooth functioning in bank branches on the day of strike.
"In the event the strike materialises, the functioning of the branches may be affected or paralysed," Bank of Baroda said in a statement. PSU banks are likely to be the worst affected.
The bank strike, called by the All India Bank Employees Association (AlBEA) and the Bank Employees Federation of India (BEFI), has also got support from the All India Trade Union Congress (AITUC).
"We note that All India Bank Employees Association and Bank Employees Federation of India have jointly given the call for all India bank strike on October 22, against the recent decision of the government to merge 10 public sector banks into four banks thus, deciding to close down six important nationalised banks," an AITUC statement said.
The AITUC termed the government's decision on bank mergers as most unfortunate and totally unwarranted.
Last month too, a group of four bank unions, All India Bank Officers' Confederation (AIBOC), All India Bank Officers' Association (AIBOA), Indian National Bank Officers' Congress (INBOC) and National Organisation of Bank Officers (NOBO), had called for a strike on similar issues. Later on, the 48-hour-long strike from September 26-27 was deferred after Union Finance Secretary Rajiv Kumar assured the protesting unions to look into their demands.
