More Than 10 Lakh Banker Calls A Day Off As State-Run Bank Declares Strike Again

| December 26 , 2018 , 11:46 IST

Banking services likely to be affected today (December 26) as nine bank unions with more than 10 lakh employees have again called a nation-wide bank strike.

The strike has been called to protest against the government's move to merge Bank of Baroda, Dena Bank and Vijaya Bank besides demanding pay revision.

This is second bank strike within a week against the merger of these state-owned banks.

Before this, the state-run bank unions had conducted a strike on December 21.

Most of the state-owned banks have already informed their customers about the bank strike call given by the unions, but banking and ATM services could still be affected due to holidays.

Private banks will remain untouched from today's strike.

ALSO READ: Strike Alert: Over 3.2 lakh Public Sector Bank Officers Calls A Day-Off

With most banks likely to remain closed today as well, people may face transaction difficulties.

In the last five days, banks have remained closed on four days on account of three holidays and a strike on Friday (December 21).

The strike is being organised by the United Forum of Bank Unions (UFBU), an umbrella organisation of nine unions.

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) are also participating in the strike.

The UFBU claims the participation of over 10 lakh bankers.

According to AIBEA General Secretary CH Venkatachalam, 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.

NOBW Vice President Ashwani Rana said in a statement that "Bank employees wage revision is due since November 1, 2017.

So far the IBA (Indian Banks' Association) has offered 8 per cent wage hike which is not acceptable to the United Forum of Bank Unions." he added.

Media reported that the bank 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.