Bank employees to go on strike on July 29 | business-news | Hindustan Times
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Bank employees to go on strike on July 29

Around 10 lakh bank employees will go on a nationwide strike on July 29 called by the United Forum of Bank Unions (UFBU) against the central government’s “retrograde banking reforms”.

business Updated: Jul 13, 2016 10:29 IST
Around 10 lakh bank employees will go on a nationwide strike on July 29.
Around 10 lakh bank employees will go on a nationwide strike on July 29.(AP File Photo)

Around 10 lakh bank employees will go on a nationwide strike on July 29 called by the United Forum of Bank Unions (UFBU) against the central government’s “retrograde banking reforms”.

After the Delhi high court refused on Monday to allow the bank strike on July 12 and 13, the unions deferred the strike.

At the call of UFBU consisting of nine trade unions of bank employees and bank officers ( AIBEA , AIBOC, NCBE, AIBOA, BEFI, INBEF, INBOC, NOBW, NOBO), 10 lakh bank employees and officers working in public sector banks, old private banks, regional rural banks, foreign banks and co-operative banks will observe one day protest strike on 29th July to oppose anti-people banking reform policies of the central government, said CH Venkatachalam, union leader and general secretary of All India Bank Employees’ Association (AIBEA).

A notice for the strike has been served on the Indian Banks’ Association by the UFBU.

Previously, the unions had protested on May 20 after the government approved merger of five State Bank of India subsidiaries with the parent SBI.