Bank unions with us: SBI staff

STRIKING EMPLOYEES of the State Bank of India (SBI) have claimed that employees of other banks have also extended their support to them. The indefinite strike called by the SBI employees entered third day today. Members of the State Bank of India Staff Association have claimed that the employees? unions of other banks have also extended their support to them for their ongoing strike. Addressing the employees at the main branch of the SBI, Mall Road, vice-president of the Kanpur region KK Agarwal accused the Union Finance Minister of misleading the masses.

STRIKING EMPLOYEES of the State Bank of India (SBI) have claimed that employees of other banks have also extended their support to them. The indefinite strike called by the SBI employees entered third day today.

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Members of the State Bank of India Staff Association have claimed that the employees’ unions of other banks have also extended their support to them for their ongoing strike.

Addressing the employees at the main branch of the SBI, Mall Road, vice-president of the Kanpur region KK Agarwal accused the Union Finance Minister of misleading the masses.

“The Union Finance Minister is misleading the masses by stating that the Union Government will have to incur an additional expenditure of Rs 10,000 crore after raising the pension of the State Bank of Indiaemployees,” stated Agarwal.

He added that the fact was that the Union Government would not have to incur any expenditure on this count. “Every month 10 per cent of the salary of employees is deducted as contribution towards the pension fund.

At present the SBI has a corpus of Rs 8,800 crore in its pension fund,” added Agarwal.

He also pointed out that each year the SBI would have to incur an additional expenditure of Rs 180 crore after raising the pension of employees.