Press Esc to close

Bank strike today

Bangalore: Aug 22 , 2012 DH News Service 1:18 IST

Bank transactions will be hit on Wednesday and Thursday, as nearly 15,000 employees of nationalised banks will strike work to press Union government for a slew of demands.

Local unit of the Nationalised Bank Officers and Employees' Union will stage a demonstration at Mysore Bank Circle protesting merger of banks without consulting Competition Commission of India, increasing voting rights in old banks from 10 per cent to 26 per cent.

Opposition to Foreign Direct Investment and opening up of banking sector for corporate companies will also be on the agenda of Union leaders.

The two-day stir is being organised ahead of Union Finance Minister P Chidambaram tabling a bill related to management of banks in India on Wednesday. Although, all nationalised banks will down shutters for two days, ATMs will function as usual.


‘No amendments’

Speaking to Deccan Herald B S Ravindra, Deputy General Secretary SBI Employees' Association said their major demands are opposition to amendments to Banking Regulation Act, 1949 and Banking Companies Acquisition, Transfer and
Undertaking Act, 1 970 and 1980.

Go to Top

More from this section
Most trending stories
Photo Gallery
A helicopter is seen flying over the besieged town of Douma, Eastern Ghouta...

A helicopter is seen flying over the besieged town of Douma, Eastern Ghouta...

Transgender Shanavi Ponnusamy arrives at the chief minister's cell at...

Transgender Shanavi Ponnusamy arrives at the chief minister's cell at...

Lufthansa tests humanoid robot 'Josie Pepper' at airport...

Lufthansa tests humanoid robot 'Josie Pepper' at airport...

Chief of the Air Staff, Air Chief Marshal B.S. Dhanoa presents a memento to the...

Chief of the Air Staff, Air Chief Marshal B.S. Dhanoa presents a memento to the...

Alpine Skiing - Pyeongchang 2018 Winter Olympics - Women's Downhill Training...

Alpine Skiing - Pyeongchang 2018 Winter Olympics - Women's Downhill Training...

Canadian Prime Minister Justin Trudeau greets business leaders at the end of...

Canadian Prime Minister Justin Trudeau greets business leaders at the end of...

Greenpeace demonstrators in all-over bodysuits protest against pollution...

Greenpeace demonstrators in all-over bodysuits protest against pollution...

A Marathi mother-daughter duo during a procession to commemorate Shivaji Jayanti...

A Marathi mother-daughter duo during a procession to commemorate Shivaji Jayanti...

Prime Minister Narendra Modi greets the saints during the...

Prime Minister Narendra Modi greets the saints during the...

Raphael Manet checks the growth of radish seedlings as he works at the...

Raphael Manet checks the growth of radish seedlings as he works at the...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.