SBI employees' strike enters second day | india | Hindustan Times
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SBI employees' strike enters second day

The agitating staff had to move away from bank premises following Delhi High Court order.

india Updated: Apr 04, 2006 12:16 IST

Indefinite strike by employees of State Bank of India, entered second day on Tuesday over the demands of enhanced pension package.

But the agitating staff had to move away from bank premises following Delhi High Court order.

Bank unions claimed that over two lakh employees, including officers, joined the strike to demand 50 per cent of last drawn salary as pension.

Following Delhi High Court order restraining the employees from staging protests within 500 metres of any branch of the bank, unions have shifted their protest to Samtasthal in the New Delhi.

Bank unions issued circulars to their members across the country to follow the court order, All India SBI Staff Federation Vice President VK Gupta said.

SBI staff started indefinite strike on Monday after a reconciliation meeting between employees, representatives of bank management and union finance ministry at the office of Minister of State for Labour Chandrasekhar Sahu failed a day before.

Another meeting is scheduled for Wednesday.

All India SBI Staff Federation Secretary Profullo Kumar Patnaik said the strike would continue until their demands are met.

SBI handles 19 per cent depositors and 30 per cent of customers in the banking industry through its 9000 branches.