Trade unions of public sector banks call off two-day nationwide strike

AIBOA, the Indian National Bank Officers' Congress and the National Organisation of Bank Officers had called for a two-day strike opposing the amalgamation of banks

Trade unions of public sector banks (PSBs) on Monday decided to withdraw a two-day nationwide strike slated to begin from Wednesday.

The unions called off the strike after holding a meeting with Finance Secretary Rajiv Kumar in which they were assured that a committee will be set up to address issues arising out of the proposed amalgamation of 10 PSBs into four.
 
“The finance secretary was positive in formation of a committee consisting of all concerned to address the issues arising out of the proposed merger of 10 banks, including preserving the identity of all the banks. An