• search

All India bank strike on Aug 1 against outsourcing of services

Written by: Staff

New Delhi, July 4 (UNI) Banking services will be paralysed across the country on August 1 in a strike by nearly one million employees and officers of nationalised and foreign banks to oppose a move to outsource services like withdrawal of cash and opening of accounts to private agencies.

The one-day strike has been called by the All India Bank Employees' Association (AIBEA) and All India Bank Officers' Association (AIBOA).

The entire staff of Grameen Banks will also join the strike, unions said today.

''The Reserve Bank of India has issued a circular at the instance of the government permitting to outsource all the banking services to private agencies on commission and contract basis. We strongly opposed this move,'' said Mr Ramanand, Joint Secretary of AIBEA.

RBI is planning to outsource services including opening of accounts, withdrawal of cash, deposit of cash, issuance of draft and sanctioning and disbursement of loans, he added.

Banking services in the State Bank of India (SBI) will not be affected as the National Confederation of Bank Employees, the union in SBI, is not joining the strike.

The move to outsource services comes at a time when over 100,000 jobs in nationalised banks have not been filled up by the managements, Mr Ramanand said.

RBI is also planning to hand over clearing operations of cheques to private hands, he added saying it would not only expose confidentiality of transanctions but cut jobs.

AIBEA and AIBOA members will also stage branch-level, district-level and state-level demonstrations as well as a dharna on July 25 in the run-up to the strike on August 1.


For Daily Alerts

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more