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Transaction Services Across India were affected on Friday as over 3.2 lakh officers from various state-run banks went on strike seeking immediate wage revision and opposing the proposed merger of Vijaya Bank and Dena Bank with Bank of Baroda.
The union wants the wage revision, which is pending since November 1, 2017, for employees from scale 1-7.
AIBOC joint general secretary Ravinder Gupta said, "We have demanded wage revision based on the minimum wages formula without linking to profits or paying capacity."
The strike call given by the All India Bank Officers' Confederation (AIBOC) is expected to hit banking operations across the country. However, private sector banks would continue usual business as they are not part of the strike.
ATM operations in some parts of the country were also hit despite the ATMs were exempted from Friday’s strike.
“We have got an overwhelming response so far as more than 3.2 lakh members participated in the strike. Banks remained closed across the country. ATMs operations were expected to be normal as they are not part of our strike but some ATMs were closed as operators gave moral support to our demand,” All India Bank Officers Confederation’s (AIBOC) Assistant General Secretary Sanjay Das said to media.
Due to strikes and holidays into account, the banks will remain closed from Friday to Wednesday, except Monday, leading to disruptions in the banking services.
The banks will remain closed on December 22 and 23 on account of fourth Saturday and Sunday, respectively. December 25 will be a national holiday for Christmas Day.