Major banks to observe strike on July 28

New Delhi, Jul 24: The employees and officers of major banks across the country will observe a day's strike on July 28 against the Reserve Bank of India's decision on outsourcing of clearing operations.

The employees associated with three major trade unions of the industry, All India Bank Employees' Association (AIBEA), All India Bank Officers Association (AIBOA) and Bank Employees' Federation of India (BEFI), are demanding withdrawal of RBI circular on outsourcing of banking services, withdrawal of amendment to section 12(2) of Banking Regulation Act on removal of ceiling on voting rights in banks.

The unions are also seeking the filling up of nearly one lakh vacancies in banks.

In view of this, it is likely that the normal functioning of large number of the bank's branches may get affected, a statement by Corporation Bank said.

UNI