Bank Strike India Sep 24th to Sep 25th

More than Nine lakh employees of public sector banks are on a two-day strike starting from 24th September 2008, Wednesday to protest merger and consolidation and wage related issues in the banking sector.

“Talks with the chief labour commissioner have failed and we are proceeding with the strike,” United Forum of Bank Unions Convener C H Venkatachalam had stated this on Tuesday.

UFBU, comprising nine all-India unions and organisation is protesting against the government’s policy of privatisation and consolidation, he said.

Normal banking transactions are likely to be disrupted across 50,000 branches that includes about 15,000 branches of SBI and its six associate banks.

Clearing operation, cash handling, forex and money market operations are also likely to be affected due to the strike.

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