The nine unions representing staff in the banking sector have decided to go ahead with the one-day strike on 29 July. The strike is being spearheaded by the United Forum of Bank Unions (UFBU). The decision follows failure in reconciliation talks. Around 10 lakh employees and officers of public sector banks are expected to strike work across India. The unions have been protesting against the proposed merger of the State Bank associate banks with SBI, privatization of IDBI Bank and other banking reforms that the government has initiated.
