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IDBI Bank to function for extended working hours tomorrow

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Press Trust of India New Delhi
Last Updated : Mar 30 2016 | 9:57 PM IST
State-owned IDBI Bank today said it will remain open for government business for extended working hours tomorrow even as a section of bank employees are on strike.
Tomorrow is the last day of on-going four-day strike to protest against privatisation of IDBI Bank.
The strike has been called by two unions - United Forum of IDBI Bank Officers and Employees (UFIOE) and United Platform of IDBI Bank Unions (UPIBU)- to protest against the government plans to turnaround the heavily loss-making bank by handing over the management to private sector.
"Further, our customers are intimated that the Bank as Agency Bank for collection of tax and all government transactions is committed to conduct Central/State Government business and will remain open on March 31, 2016 for extended working hours as advised by RBI," IDBI Bank said in a statement.
All Banking services viz. Front-office services, back-office operations including cheque clearing, Remittances, RTGS/NEFT, Transaction Banking services, Treasury operations etc. Are functioning normally, it said.

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First Published: Mar 30 2016 | 9:57 PM IST

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