Bank strike today: Check if your bank is closed
New Delhi, Dec 26: Services of state-owned banks are expected to be impacted Wednesday (today) due to a nation-wide strike call given by unions to protest against the proposed amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda.
This will be the second bank strike in less than a week.
Last
Friday
(December
21),
an
officers'
union
of
state-run
banks
observed
a
day-long
strike
to
protest
against
the
merger
and
also
demanded
immediate
settlement
of
wage
negotiations.Most
of
the
banks
have
already
informed
customers
about
the
strike.
Private
sector
banks
will
continue
to
function
as
usual.
The strike is being organised by the United Forum of Bank Unions (UFBU), an umbrella organisation of nine unions, including the All India Bank Officers Confederation (AIBOC), the All India Bank Employees' Association (AIBEA), National Confederation of Bank Employees (NCBE) and the National Organisation of Bank Workers (NOBW). The UFBU claims membership of 10 lakh officers and staffers.
According to AIBEA General Secretary C H Vekatachalam, the conciliation meeting called by Additional Chief Labour Commissioner did not lead to any assurance and so the unions are going ahead with the strike.
During the meeting, neither the government nor the concerned banks came forward to assure that they will not go ahead with the merger, he added.
The unions claim that the government wants banks to grow in size by such mergers but even if all public sector banks are bundled into one, the merged entity will not find a place among the top 10 globally.
The government in September approved the amalgamation of Bank of Baroda (BoB), Vijaya Bank and Dena Bank -- the first three-way merger in the public sector banking space.
The move follows top lender State Bank of India last year merging five of its subsidiary banks with itself and taking over Bharatiya Mahila Bank, catapulting it to among the top 50 global lenders.On wage revision, NOBW Vice President Ashwani Rana it is due since November 2017. So far, Indian Banks' Association (IBA) has offered 8 per cent wage hike which is not acceptable to UFBU, he said.