Bankers To Go On Nationwide Strike On Aug 22

Employees of public sector banks will be going on a nationwide strike on Tuesday against governmenta��s proposed reforms in the banking sector.

New Delhi: As the employees of public sector banks decided to go on a nationwide strikeA�on Tuesday, there would be disruption to the banking servicesA�tomorrow.A� Around 10-lakh bank employees are expected to participate in the strike that is against the government’s move to privatize Public Sector Banks and plan to merge and consolidate them.

The United Forum of Bank Unions, which is an assortment of nine bank unions, already warned that the employees would go on strike against governmenta��s proposed reforms in the banking sector.

Many banks informed their customers about the disruption of the services. Meanwhile, the private banks — ICICI, HDFC, Axis, Kotak Mahindra — will extend their services as usual. The general secretary of All India Banks Officers Confederation (AOBOC), DT Franco reportedly said that the as the discussions with the Chief Labour Commissioner failed, they have no alternative except going on strike.

The United Forum of Bank Unions (UFBO) said that as no demand of the employees’ unions was accepted, it declared that they got ready for a strike onA�August 22.

Meanwhile, All India Bank Employees Association (AIBEA) general secretary CH Venkatachalam said that the demands of the unions, included criminal action against the willful default of bank loans, implementing recommendations of Parliamentary Committee on the recovery of NPAs and reimbursement of expenses incurred during demonetization and Jan Dhan campaigns.

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