Press Esc to close
Tuesday 02 September 2014
News updated at 10:53 PM IST
Weather
Max: 27°C
Min : 20°C
In Bangalore
Generally cloudy

Bank strike today

Bangalore: Aug 22 , 2012 DH News Service

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

Photo Gallery
England's Steven Finn survives a run out attempt

England's Steven Finn survives a run out attempt

President Pranab Mukherjee at Mata Vaishno Devi shrine on Tuesday. J & K Governor NN Vohra is...

President Pranab Mukherjee at Mata Vaishno Devi shrine on Tuesday. J & K Governor NN Vohra is...

India's Ravindra Jadeja celebrates after bowling England's Eoin Morgan

India's Ravindra Jadeja celebrates after bowling England's Eoin Morgan

Shuttler PV Sindhu, bronze medalist at World Badminton Championship, speaking to the media with ...

Shuttler PV Sindhu, bronze medalist at World Badminton Championship, speaking to the media with ...

England's Chris Woakes, right, is run out for 10 runs...

England's Chris Woakes, right, is run out for 10 runs...

Indian cricketer Yuvraj Singh, right, watches Jamaican sprinter Usain Bolt bowl during a...

Indian cricketer Yuvraj Singh, right, watches Jamaican sprinter Usain Bolt bowl during a...

Dhoni And Jos Buttler at the fourth one-day international cricket match...

Dhoni And Jos Buttler at the fourth one-day international cricket match...

A devotee carries a statue of the Hindu god Ganesh, the deity of prosperity, to be immersed into...

A devotee carries a statue of the Hindu god Ganesh, the deity of prosperity, to be immersed into...

Ajinkya Rahane celebrates after scoring a century against England during the fourth One Day...

Ajinkya Rahane celebrates after scoring a century against England during the fourth One Day...

Cricketer Yuvraj Singh presents a bat signed by him to Olympic Gold Medalist sprinter Usain...

Cricketer Yuvraj Singh presents a bat signed by him to Olympic Gold Medalist sprinter Usain...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bangalore - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523