Strike call to hit banking operations on Tuesday

Strike call to hit banking operations on Tuesday

Banking operations are expected to be hit on 7th September, with the All-India Bank Employees Association joining the nationwide strike called by several unions to protest against the price rise, unemployment, grant of licences to private banks and other issues.

Nearly 10 lakh employees from 27 public sector banks, 18 foreign banks, 26 private banks, 82 regional rural banks and 1,721 cooperative banks will participate in the strike, an All-India Bank Employees Association (AIBEA) statement issued in Mumbai said.

AIBEA has opposed FDI in private sector banks and demanded the expansion of the public sector banks' network from 40,000 branches to 1,00,000 across the country.

"Expansion of public sector banks network is necessary for reaching out to the poorest of the poor for making the financial inclusion model of the RBI a success," AIBEA Secretary Vishwas Utagi said.

Besides bankers, nearly 44 crore employees, including those from the organised and unorganised sectors and industries, will participate in the strike, he said.

"We are protesting against price rise, violation of labour laws and disinvestment in public sector undertakings," he said.

Source: DDI News