Four government sector bank officers ‘ unions threatened to go on a two-day strike on September 26 to protest the announced consolidation of 10 state-run lenders into four. The officers ‘ unions said in a notice served by the Indian Banks ‘ Association that they are proposing to go on strike to protest fusions and amalgamations in the banking sector.
The government announced on August 30 that 10 big public sector banks would be consolidated into four. A union chief also said that from the second week of November, the nationalized banks will continue to watch continuous strike to press for their demands.
The strike notice was jointly served by the Confederation of All India Bank Officers, All India Bank Officers Association, Indian National Bank Officers Congress, National Bank Officers Organization. The unions are also seeking, among other requirements, to immediately introduce a complete five-day week and to reduce money transaction hours and controlled working hours.
They also called for the stop of undue interference by external organizations in the current vigilance case procedure, the settlement of retirement problems, appropriate recruitment, the scrapping of NPS, the decrease of consumer service fees and the harassment of policemen on specific grounds of non-performance.
Nationalized banks across the nation will witness a strike between midnight on September 25 and midnight on September 27 to protest the central government’s merger and amalgamation in the banking sector and other employee requests, AIBOC (Chandigarh) General Secretary Deepal Kumar Sharma said in Chandigarh.
The unions will continue to watch the second week of November’s indefinite strike, he added. The government on August 30 announced four major PSB mergers in the biggest consolidation exercise in the banking space, bringing their total number down to 12 from 19 in 2017, a move aimed at making state-owned lenders the global banks.
Allahabad Bank and Indian Bank will be combined. Andhra Bank will be merged with India’s Corporation Bank and Union Bank. In the financial year starting April 2017, India saw a merger of six associate banks with SBI and the Bharatiya Mahila Bank with the country’s biggest lender. Vijaya Bank and Dena Bank merged with Bank of Baroda after next year.
Writer: Sakshi Gupta