Bank unions to go on strike on July 12-13


New Delhi: Bank employees have decided to go strike, as earlier planned on July 12 and 13, since the conciliation meeting failed to yield any results. The unions have called for a strike against proposed closure of associate banks and their merger with the State Bank of India (SBI), and proposed privatisation of IDBI Bank, among other issues.

This follows the conciliation meeting convened by the chief labour commissioner failing to yield any results, C H Venkatachalam, General Secretary, All India Bank Employees Association (AIBEA) told BusinessLine.

On the first day, July 12, all the employees of five associate banks will strike work. Next day, employees from all banks will participate in the strike, Venkatachalam added. The strike call had been given to oppose the closure of associate banks and their merger with State Bank of India. Bank unions are all opposed to proposed privatisation of IDBI Bank.