🏦Banks Strike, ✊Protest SBI Merger

  |   India News

By Fråst🐺

On Friday, around 🔟 lakh bankers from 40 private & state-run banks will go on strike to ✊protest the Centre’s banking policies. C.H. Venkatachalam, General Secretary of the All 🇮🇳India 🏦Bank Employees Association (AIBEA) said🔉, “The strike is on. We are not aware of any case filed by the banks or the Indian Banks Association (IBA) to restrain the nine unions of UFBU (United Forum of Bank Unions) from striking. The strike will involve employees & officers of public sector banks, old generation private banks & foreign banks with a total of more than 80,000 branches.” Earlier, bank unions 🚫cancelled a 2⃣-day strike on 12 & 13 July after the 🌆Delhi High Court ordered a restraint on it. They were ✊protesting against the merger of the five associate banks of the State 🏦Bank of 🇮🇳India (SBI) with SBI & the privatisation of IDBI 🏦Bank. ATM machines will still be filled to facilitate 💵cash withdrawals.

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