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Bank strike deferred

The 2-day strike called by the 4 unions of the public sector banks from 26 September to protest against the merger of 10 of these banks has been indefinitely deferred, the representatives of the unions announced. Their decision follows their meeting with the union finance secretary Rajiv Kumar, who is believed to have assured them to look into their concerns. The 4 unions – All India Bank Officers’ Association, All India Bank Officers’ Confederation, National Organization of Bank Officers and Indian National Bank Officers’ Congress – had threatened to go on a strike in protest against the protest against the government’s announcement to consolidate 10 state-run banking institutions in the country into 4. The unions had also demanded a revision in the employees’ wages as well as a hike in their pensions.

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