PSU bank staff to go on two-day strike from Feb 20

Normal banking operations may be hit as employees unions of public sector banks have decided to join the two-days strike call given by central trade unions beginning February 20 to press for wage hike in the backdrop of rising inflation.

The nation-wide strike call has been given by United Forum of Bank Unions (UFBU) consisting of nine national level unions including AIBEA, NCBE, BEFI, INBEF, NOBW and AIBOC in support of their demand.

Apprehending disruption in their normal banking operation, many banks have already informed their customers about the proposed strike.

"A section of the bank's employees may participate in the proposed strike on the said date, if the strike materialises. In view of the above, it is likely Delhi State Bank Employees Federation, in a statement said, clearing function of RBI will be affected and other banking operations.

Meanwhile, sources said, banks would be taking steps to ensure that public do not face problem at least on the cash front during the strike period.

Banks would be feeding additional cash in ATMs to take care of cash needs of their customers.

Bank unions are pressing for early wage revision of employees, which is due from November 2012, National Organisation of Bank Workers' (NOBW) said.

Also bank unions are opposing banking sector reforms and any plan for merger of banks.

There are 26 public sector banks with employees strength of around 10 lakh.

In December 2012 also four bank unions went on strike in opposition to amendments carried out in Banking Regulation Act and Banking Companies Act, enabling foreign equity in public sector banks.

The bank strike is part of general strike call given by all 11 central trade unions including Indian National Trade Union Congress (INTUC), All India Trade Union Congress (AITUC), Bharatiya Mazdoor Sangh (BMS), Centre of Indian Trade Unions (CITU) and All India United Trade Union Centre (AIUTUC) have already threatened to go on strike.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Copy the characters (respecting upper/lower case) from the image.

EDITORIAL OF THE DAY

  • Sebi needs to plug the one-day window for price manipulation ahead of OFS

    The Securities and Exchange Board of India (Sebi) is reportedly planning to change the rules governing the announcement of details on offer for sale (

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Urs Schoettli

China looks to India for balance

Almost a third of the total world population lives in ...

Zehra Naqvi

Love and its stories

People must have bread. They can live without stories. No, Hameeda, ...

Dharmendra Khandal

Tiger in urban landscape

Ranthambhore is in a no-win situation. Just a few days ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture