Various PSU bank branches are likely to be hit by the strike, with employee unions planning protests outside bank officesNew Delhi: Several services in banks are expected to be closed for 48 hours starting January 8 after bank employees unions agreed to a two-day strike in protest at matters concerning the banking sector. Various PSU bank branches are likely to be hit by the strike, with employee unions planning protests outside bank offices. However, operations in private sector banks and State Bank of India (SBI) were not affected by the strike, which has been called by two bank employee unions —All India Bank Employees Association (AIBEA) and Bank Employees Federation of India (BEFI).
Besides AIBEA and BFFI, other unions that have not supported the strike are likely to stay functional. Besides SBI, Indian Overseas Bank and Bank of India are set to have normal functioning of its banking services while and some other banks may face partial disruption, National Confederation of Bank Employees’ Siddhartha Khan said.
Striking officers are in charge of daily operations, resulting in a complete shutdown of services to customers during strikes. If Tuesday’s strike proves fruitful, banks will be open only on Monday, Thursday and Friday next week, with the second Saturday being given a weekly holiday. This strike means there will be four days of bank strikes in the last 20 days, with the first two coming on December 21 and 26 for calls for a pay hike and cancellation of the merger of Bank of Baroda and Vijaya Bank and Dena Bank.
PSU Watch is a business news brand of 27 Frames Communications LLP. It places the spotlight on PSUs, Governance, Bureaucracy, Defence and Public Policy as the sector traverses through a period of radical change.