PSU Bank Strike Today, May Affect Services

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New Delhi—Normal banking operations in public banks may see some disruption tomorrow because of a nation-wide strike to protest against the government’s proposed consolidation move besides raising other demands.

The strike has been called by unions under the aegis of the United Forum of Bank Unions (UFBU).

The Indian Banks’ Association (IBA) has already informed customers that functioning of branches and offices may take a hit if the strike takes off. It also asked banks to take measures in advance to minimise the impact.

Deposit and withdrawal in bank branches, cheque clearance, NEFT and RTGS transactions will be affected.

Operations at private lenders such as ICICI Bank, HDFC Bank, Axis Bank and Kotak Mahindra Bank are expected to be normal except delay in cheque clearances.

UFBU is an umbrella body of nine unions, including All India Bank Officers’ Confederation (AIBOC), All India Bank Employees Association (AIBEA) and National Organisation of Bank Workers (NOBW).

“As the conciliation meeting before the Chief Labour Commissioner failed, unions are left with no other option but to go on strike. There was no assurance from the government and the management of banks,” AIBOC General Secretary D T Franco said.

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