Bank unions to go on first major strike on October 22 against merger

While banking operations are expected to be hit due to the strike, many banks, including branches of SBI are likely to remain open

Two pubic sector bank unions have announced first major strike on October 22 in response to the mega merger of public sector banks announced by Finance Minister Nirmala Sitharama in August this year.
 

Out of 9 public sector bank unions, two workmen unions — All India Bank Employees’ Association (AIBEA) and Bank Employees Federation of India (BEFI) are backing the strike. The two unions represent almost 50 per cent of about 800 thousand public sector bank employees in the country.

While banking operations are expected to be hit due to the strike, many banks, including branches of State Bank of