Banking services are likely to be hit on Tuesday (October 22) as two bank unions have called for a 24-hour strike . The strike is called by All India Bank Employees’ Association (AIBEA) and the Bank Employees Federation of India (BEFI). The unions are protesting against recent bank mergers, falling deposit rates and job security in the banking sector.
The employees of Reserve Bank of India and State Bank of India, however, may not participate in the strike, PTI reported, adding that regional rural banks and cooperatives banks will also not take part in the strike. As per the employee unions, closure of ATMs is also under the strike ambit.
Bank of Maharashtra, Syndicate Bank, Bank of Baroda have already said their operations could be hit due to the strike. “This is to inform that All India Bank Employees Association (AIBEA) have given a call for one day strike on 22.10.2019 in support of their various demands and issues. The above strike is at the industry level and not at bank-level issue,” Bank of Maharashtra told the stock exchanges.
Bank of Baroda said: “In the event, the strike materialises, the functioning of the branches may be affected or paralysed.” With around 9,500 branches all over India, BoB is India’s third-largest bank after State Bank of India and Punjab National Bank.
Bank Employees Federation of India (State Federation) General Secretary Joydeb Dasgupta said they were expecting “good response from all PSU and private banks”.
[“source=businesstoday”]
