Banking operations are likely to be hit hard on Friday as three employees unions have called for a nationwide strike to oppose outsourcing of services, demand recruitment of staff and one more pension option.
"Over six lakh employees will go on a strike protesting against the central government's move to introduce contract system on a massive scale under the garb of outsourcing of banking services," All India Bank Employees Association (AIBEA) joint secretary Ramanand said.
Transactions in most of the public sector banks except in State Bank of India, Bank of Baroda and Indian Overseas Bank, will be the most affected.
The strike call has been given by AIBEA, Bank Employees Federation of India (BEFI) and All India Bank Officer's Association (AIBOA).
Services at SBI, BoB and IOB are unlikely to be affected much as most of their employees are members of another union National Federation of Bank Employees (NCBE), which is only giving moral support to the strike.
However, Ramanand said SBI Associate banks are participating in the strike, which is also likely to cripple functions of other PSU banks including Punjab National Bank, Oriental Bank of Commerce, Canara Bank, Indian Bank, Bank of India and Union Bank of India.
{{/usCountry}}However, Ramanand said SBI Associate banks are participating in the strike, which is also likely to cripple functions of other PSU banks including Punjab National Bank, Oriental Bank of Commerce, Canara Bank, Indian Bank, Bank of India and Union Bank of India.
{{/usCountry}}Clearing house operations will also be paralyzed, as the Reserve Bank employees will also join the strike, he said.