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Bank strike on 29 July

banking strikeBank employees have threated to go on a strike on 29 July protesting against the banking reforms being initiated in the country. The Indian Banks Association has informed the banks that the United Forum of Bank Unions has served a notice of strike on the issue and demand to stop banking sector reforms. Both State Bank of India and Bank of Baroda have notified the stock exchanges that the strike is likely to impact banking operations. Earlier the All India Bank Employees Association has given the strike call and claimed 10 lakh bank employees will be participating in the strike across the country. Its general secretary C.H. Venkatachalam had said the strike is to oppose the anti-people banking reform policies of the government. The United Forum of Bank Unions consists of 9 bank employees’ unions. Employees of public sector banks, old private banks, regional rural banks, foreign banks and cooperative banks will participate in the strike, according to the unions.

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