Today Banking operations will be impacted in India with around 10 lakh bankers of 40 private and state-run banks on strike, will work in protest against the central government’s banking policies, a union leader said on Thursday. “The strike is going on. We are unaware of any case filed by the banks or the Indian Banks Association (IBA) to restrain the nine unions of UFBU (United Forum of Bank Unions) from striking,” C.H. Venkatachalam, General Secretary of the All India Bank Employees Association (AIBEA), told . In July 2016, major bank unions deferred a 2 day strike call for July 12 and 13 following a restraint order by the Delhi High Court.
The unions in the banking sector had given the strike call protesting against the merger of the five associate banks of the State Bank of India (SBI) with SBI and the privatisation of IDBI Bank. The union is opposed to the government’s decision to merge the State Bank of Bikaner and Jaipur (SBBJ), State Bank of Travancore (SBT), State Bank of Patiala (SBP), State Bank of Mysore (SBM) and State Bank of Hyderabad (SBH) with the SBI. “The strike will be observed by both employees and officers from public sector banks, old generation private banks and foreign banks with a total of more than 80,000 branches,” he said.
