Bank employee unions to go on strike
Bank employee unions to go on strike
Banking services across India will be affected on July 28 with bank employee unions deciding to observe a one-day strike.

New Delhi: Banking services across India will be affected on July 28 with bank employee unions deciding to observe a one-day strike.

The strike would be against the Central Government's decision to outsource banking and clearing operations, withdrawal of a proposal related to an amendment in section 12 (2) of the Banking Regulation Act 1949, recruitment of one lakh plus banking personnel against vacant posts and introduction of second option for pension.

General secretaries of All India Bank Employees Association (AIBEA), All India Bank Officers' Association (AIBOA) and Bank Employees Federation of India (BEFI) are giving call for the strike.

They said outsourcing of banking operations and clearing operations would led to exploitation of the employees by the contractors.

General Secretary of Bihar chapter of BEFI B Prasad said serious efforts were being made by the state government to employ private parties in nationalised banks for deposit purposes who would be asked to process loan applications.

The Government instead of filling up about one lakh jobs in various banks to streamline its functions was taking decisions that were not in the interests of the country and its banks, they said.

“All the recent decisions of the Government would make Indian banks subservient to foreign multinationals,” they said.

They said the United Front of the Bank Unions (UFBUs) have also decided to support their Friday's strike.

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