New Delhi, Apr 1: The All India State Bank of India Staff Federation and the All India State Bank of India's Officer' Federation today decided to go ahead with their proposed country-wide indefinite bank strike from Monday.
The decision followed failure of two days of tripartite talks involving the Employee Federations, the management and the Chief Labour Commissioner over the revision of pension rate, which has remained unchanged for the last 14 years.
''The talks have failed. We are going ahead with the strike,'' the All India State Bank of India Staff Federation Vice-President V K Gupta told UNI.
The Government had invited the Federations for talks to resolve the issue as a last-ditch attempt to ward off the strike in the country's largest bank.
Work in over 9,000 banks across the country is likely to be affected from Monday due to the strike. The bank was closed today as per an yearly exercise on the first day of the new financial year.
It will remain closed on Sunday tomorrow as well.
India's oldest bank, the SBI also controls the largest market share in the banking industry in the country. Several Government departments, the salaried class as well as industries are heavily dependent on the SBI's banking operations.