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Bank employees to go on strike today to oppose reforms

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NewstrackBy Newstrack

Published on 29 July 2016 12:53 AM GMT

Bank employees to go on strike today to oppose reforms
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New Delhi: Employees of state and private banks on Friday will go on strike in order to show their protest against Central government’s policies regarding banks.

“The All India State Bank Officers’ Federation and the All India State Bank of India Staff Federation are members of United Forum of Banks Unions (UFBU). Thus, it is likely that the bank will also be impacted to some extent by the said strike calls,” SBI said in a statement.

According to All India Bank Employees Association (AIBEA) General Secretary C.H. Venkatachalam said-

  • The unions were ready for meaningful discussion, but the government only tried to justify their present policy decision on banking reforms.
  • Hence, there was no meeting point.

Banks major demand is to put a stop over the merging of associate banks with SBI.

As per Delhi High Court orders, Bank Staff Union, however, had postponed the strike which was to be done on July 12 and 13.

Issues of strike-

  • Voices are being raised against unfair banking reform measures.
  • Privatization of IDBI bank.
  • Integration of public sector banks and expansion of private banks.
  • Granting banking licenses to corporate.
  • Steps to recover loans.

Other Highlights-

  • Loan of 5 lakh 35 thousand 995 crore is not done till March 31, 2016.
  • As per bank employees, government is taking no any action against the same.
  • Loose attitude regarding Reserve Bank of India is also the issue.

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