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January 8 strike likely to impact bank operations as bank staff join in

Finding common cause with the Central Trade Unions in the nationwide strike on January 8, thousands of bank employees are set to go on a day-long agitation
New Delhi: Finding common cause with the Central Trade Unions in the nationwide strike on January 8, thousands of bank employees are set to go on a day-long agitation to protest against the government’s decision to merge public sector banks. If what employee unions are saying is to be believed, a total of 2.5 crore people across India will be on strike to protest against government policies with respect to the PSU sector. Strike notices have been served by All India Bank Employees Association (AlBEA), All India Bank Officers Association (AIBOA), Bank Employees Federation of India (BEFI), Indian National Bank Employees Federation (INBEF) and Indian National Bank Officers Congress (INBOC).

Will January 8 strike impact bank operations?

In a statement released on Tuesday, the SBI (State Bank of India) said it expects little impact on its operations because of the January 8 strike. Another public sector lender, Bank of Baroda, which is the third largest bank in India, fears that its operations could be affected. “The bank is taking necessary steps for smooth functioning of bank's branches / offices on the day of strike, in the event the strike materializes, the functioning of the branches / offices may be affected / paralysed,” Bank of Baroda said in a regulatory filing. Syndicate Bank has issued a public notice urging customers to bear with them and make transactions before the bank strike on January 8.

United Bank of India says functioning may be affected

The bank will take all necessary measures in terms of extant guidelines for the smooth functioning of the bank’s branches/offices on the day of strike. In the event the strike materializes, the functioning of the branches / offices may be affected, the United Bank of India said in a regulatory filing.