Normal banking operations may take a hit today as public sector bank employees will go on strike to protest against proposed merger of associate banks with SBI and banking reforms announced by the government. The United Forum of Banks Unions, an umbrella organisation of nine bank employees and officers unions representing 8 lakh staffers, has called the one day strike today.
Bank Unions are protesting against FDI in the banking sector, privatisation of public sector banks, consolidation and merger of banks. According to All India Bank Employees Association General Secretary C H Venkatachalam, the conciliation meeting with the Chief Labour Commissioner on 26th of this month did not yield any positive results. #CASANSAAR
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