Public Sector Banks likely to go on Strike on Tuesday

Public Sector Banks likely to go on Strike on Tuesday

New Delhi, Feb 27: Public sector Banks are likely to be closed on Tuesday as most of the  unions under the aegis of UFBU have threatened to go on a strike to press for various demands. The demands include accountability of  top officials and mounting bad loans.

Many of the banks including SBI, PNB and BoB, have served notice to their customers that functioning of branches and offices will be impacted if the strike takes off. The functioning of private banks like ICICI Bank, HDFC Bank, Axis Bank and Kotak Mahindra Bank is expected to be normal except for delay in cheque clearances.

All attempts to find solutions to the demands raised by the unions yielded no results and hence, UFBU decided to proceed with the proposed strike on February 28, All India Bank Employees' Association (AIBEA) General Secretary C H Venkatachalam told Media.

Unions are also opposed to the proposed labour reforms of the government and outsourcing of permanent jobs in the banking sector. Some of the demands include compensation of employees and officers for extra hours of work put in following demonetisation in November and early initiation of process of next wage revision of bank employees.