Bank strike goes tame, with little disruption | india | Hindustan Times
Today in New Delhi, India
Aug 18, 2017-Friday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

Bank strike goes tame, with little disruption

A nationwide one-day strike called by bank unions to protest against the government’s move to merge government-owned State Bank of Indore with its parent State Bank of India received lukewarm response on Wednesday.

india Updated: Dec 16, 2009 22:06 IST
HT Correspondent

A nationwide one-day strike called by bank unions to protest against the government’s move to merge government-owned State Bank of Indore with its parent State Bank of India received lukewarm response on Wednesday.

There was no significant disruption of work, bankers said.

Government officials said about 40 per cent of the employees were absent while the rest reported to work.

There are about 800,000 employees in the public sector banks.

“There was no major impact as most of the employees reported as usual for work and in most banks continued with their operations,” a senior official at Bank of Baroda told Hindustan Times. The official added that the strike was uncalled for especially after the consensus on wage revision. “The morale is high at this point and employees felt there was no logic behind this strike,” the official said.

A government official said that though attendance was thin at the State Bank of Indore, operations at SBI was not significantly affected.

The All India Bank Employees Association (AIBEA) and All India Bank Officers Association (AIBOA), as a mark of protest against the government’s decision to carry out reforms in the banking sector apart from the proposal to merge State Bank of Indore with SBI, called the strike. The trade unions are also opposing the government’s move to take a loan of $ 2 billion (Rs 10,000 crore) from the World Bank for recapitalisation of public sector banks.