SBI staff go on indefinite strike | india | Hindustan Times
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SBI staff go on indefinite strike

All the branches and offices of State Bank of India (SBI) across the country remained closed as bankers went on indefinite strike from today over the issue regarding review of pension ceiling.

india Updated: Apr 04, 2006 00:47 IST

All the branches and offices of State Bank of India (SBI) across the country remained closed as bankers went on indefinite strike from today over the  issue regarding review of pension ceiling.

Responding to the call of State Bank of India Officers’ Association (SBIOA) and State Bank of India Workmen Union (SBIWU), the bank employees staged a large-scale demonstration at the LHO here today.

A total of 2.10 lakh SBI officials and  employees and 75,000 pensioners  participated in the strike, which has  brought the banks functioning to a standstill.

All the 687 SBI branches in MP and Chhattisgarh remained closed, which affected transaction of Rs 5,500 crore in a single day.

At all-India level the figure has been stated to be Rs 60,000 crore. The strike is likely to affect clearing of SBI related cheques of Rs 50 crore in a day.

In MP and Chhattisgarh, the SBI has deposits of Rs 19,398 crore.

The indefinite strike has been called on long-pending demands related to review of pension ceiling, parity with other public sector banks on pension at 50 percent of the last basic pay, index-linked DA on pension, family pension and commutation.

“We’ve been demanding the pension issue since 1993, with government paying no heed to it,” said president, SBIOA, PK Shrivastava.

Expressing solidarity, United Forum of Bank Unions and largest trade union in banking sector All India Bank Employees Association (AIBEA) have extended support to the strike. 

The UFBU has warned the SBI top management and the Central government that if any action is being taken against the striking employees or arrests made under ESMA, all the banks in the country would go on immediate strike.