Bank staff to go on nation-wide strike on July 7

It has been decided that the bank staff would go on one-day strike against anti-employees policies of the government, including the banking sector reforms, said United Forum of Bank Unions (UFBU) convener C H Vekatachalam.

UFBU is an umbrella organisation of 5 workman unions and 4 officers unions of public sector and private sector banks in the country.

"The strike will be participated by 10 lakh bank employees and officers working in public sector banks, private banks, foreign banks, Co-operative banks and regional rural banks," he claimed.

The other issues are privatisation of banking and outsourcing of bank jobs and attempts to impose anti-employee recommendations of Khandelwal Committee, he said. In addition, there is pending issues related with pension and regulated working hours for officers.

In the name of banking sector reforms, he said, the government is attempting to reduce their share of equity capital in the public sector banks, thereby, increasing the hold of private capital in these banks.

The government is also pursuing their policy of consolidation and merger of public sector banks, which are totally unwarranted and would in no way benefit in strengthening banks, he said.

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