Wednesday, December 16, 2009

Nation-wide bank strike affects operations, services

Public sector bank employees across India went on strike on December 16 affecting the banking operations and services across the country. The one-day nationwide bank strike was called to protest against the proposal of merging State Bank of Indore with State Bank of India.
Normal banking operations all across the country were affected but customers were able to get cash from ATMs.
As per Merinews All India Bank Employees' Association said that 4 lakh bank employees of public sector banks went on strike after the reconciliation meeting with the management failed. The Banking union had offered to postpone the strike if the SBI management agreed to defer the merger of State Bank of Indore and continued the discussion.
The conciliation meeting between the Indian Banks' Association, management of SBI and State Bank of Indore was held before the Deputy Chief Labour Commissioner. The banking employees are opposing the consolidation of SBI in the name of creating a global bank.
where as in mangalorean wright that Employees of State Bank of India and its associate banks in Karnataka struck work today as part of the nationwide stir against the proposed merger and consolidation of public sector banks in the country.
The strike call was given by the All India Bank Employees Association (AIBEA) and All India Bank Officers' Association (AIBOA) to protest the proposed merger of State Bank of Indore with its parent body SBI. in DNA also discuss this point.

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