SBI strike cripples banking operations in TN

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Chennai, Aug 18 (UNI) Banking operations in the State Bank of India (SBI) and its Associate banks were crippled today following a day-long strike by the officers in protest against the proposed move to merge the State Bank of Saurashtra with the SBI.

More than 4,000 officers of the SBI and its Associate banks participated in the strike in Tamil Nadu, All India Bank Employees Association (AIBEA) General Secretary C H Venkatachalam told UNI after leading a demonstration in front of the main branch of the SBI at the busy Parry's Corner area in the city.

More than 1.2 lakh officers struck work across the country, he added.

The stir was part of the nation-wide strike called by the SBI Officers Federation to condemn the recent Union Cabinet's decision, giving green signal for the merger.

Mr Venkatachalam said today's strike would be followed by another agitation on August 20, in which the AIBEA, All India Bank Officers Association, Bank Employees Federation of India, All India RBI Employees Association, All India Cooperative Bank Employees Federation and All India Grameen Bank Employees Association would participate.

The strike on August 20 was broadly to oppose privatisation, merger and allowing FDI in the banking sector.

The AIBEA would also stage a demonstration in front of the SBI Mount Road branch tomorrow.

A massive demonstration would be held before the Union Bank of India branch at Broadway on August 20, he added.

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