Banking operations across the country will be affected on Tuesday with an estimated 10 lakh bankers going on strike pressing various demands.
Although banks have not made any formal announcement pertaining to the strike, many have informed customers that their branches and offices may remain closed tomorrow.
“All India State Bank Officers’ Federation and All India State Bank of India Staff Federation, being part of UFBU (United Forum of Bank Unions), will also participate in the strike. It is likely that our Bank would also be impacted by the said strike,” the State Bank of India (SBI) had said earlier in a regulatory filing in the BSE.
The strike will primarily affect customers of public sector banks like SBI and IDBI. Although private sector banks like HDFC, ICICI, Axis etc are scheduled to function normally, some delay in cheque clearances can be expected.
The strike call was given by the UFBU, an umbrella body of nine unions in the Indian banking sector including All India Bank Officer’s Confederation (AIBOC) and All India Bank Employees Association (AIBEA).
The UFBU, which was protesting against reforms in the banking sector, called for the strike after its meeting with Chief Labour Commissioner AK Nayak failed to reach any conclusion.
The body’s demands reportedly include criminal action against wilful defaulters, abolishing Banks Board Bureau, implementing recommendations of parilamentary committee on recovery of NPAs, reimbursement of demonetisation expenses, withdrawal of the proposed financial resolution and deposit insurance (FRDA) Bill among others.
According to union leaders, around 10 lakh bankers working in around 132,000 branches will be on strike tomorrow.