UFBU also urged the Indian Banks Association to expedite wage revision and other issues
Assocham said strike may impact forex and paper clearing transactions worth up to Rs 1.3 lakh cr
Around five lakh bank employees and officers in the Banks will join the All India General Strike on September 2, 2016 to protest against the Central Government's anti-people economic policies and anti-worker labour reforms.Employees and officers working in various public sector banks, private banks, foreign banks, regional rural banks and co-operative banks will join the strike. C H Venkatachalam, general secretary, All India Bank Employees' Association (AIBEA) at the National Trade Union Convention organised by the Central Trade Unions, a call for National General Strike on September 2, 2016 was given against various policies and proposals of the Government.As far as banking sector concern the Government's continuing is attempt to push through their reforms agenda aimed at privatisation of banks, consolidation and merger of Banks, etc. RBI has announced 'on tap' bank licensing policy to allow more and more private banks. Licenses have been given to big corporate houses to start .
Around Rs 20,000 cr worth of 26 lakh instruments stagnated in the banks without clearance today
The unions in the banking sector had given the strike call to protest the mergers in the sector, infusion of private capital in govt banks and others
Services at around 80,000 branches in the country were hit on Friday
Unions had planned two-day strike to protest merger of SBI associates, IDBI privatisation; matter to be heard on July 20
Friday's conciliation meeting on issue of merger of associate banks with SBI, privatisation of IDBI Bank fails to yield results