Banks have called for an all-India strike on October 22
Sun Oct 20 2019 / By: Jigi YadavTwo of the large bank unions have called for an all-India bank strike on 22nd October resulting in disruption of banking services on that day. Although, SBI consumers can be at peace as the bank has cleared that the strike will have very less impact as most of their officials and employees are not the members of any of these unions calling strikes.
Other major banks like Bank of Maharashtra and Syndicate Bank have shown their reservations in offering services to the customers. The latter has written to the stock exchange that it is undertaking essential steps to ensure the smooth functioning of the bank offices/ branches on the proposed day of the strike. It has also asserted that if the strike takes place, bank’s functioning might get affected.
All India Bank Employees Association, also known as AIBEA which is also the largest bank union has called this strike along with the other union called Bank Employees Federation of India (BEFI). This strike is against the latest bank mergers and the reduction in the deposit rates by the RBI. In addition to this, they are also against the outsourcing of regular and continuing nature of jobs in banking sector, privatization of banks. The unions are also demanding sufficient recruitment of the clerical staff, sub-staff and strict actions for the recovery of mounting negative/bad loans.
SBI has made it clear that the number of its employees participating in this proposed strike is very less and it will not hamper the regular operation of the bank on that day. The bank has also written a notice ensuring the same to the stock exchange.