Bank staff to go on strike

Banking operations are expected to be hit on Tuesday, with the All India Bank Employees Association (AIBEA) joining the nation-wide strike called by several unions to protest price rise, unemployment, licenses to private banks and other issues.

Banking operations are expected to be hit on Tuesday, with the All India Bank Employees Association (AIBEA) joining the nation-wide strike called by several unions to protest price rise, unemployment, licenses to private banks and other issues.

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Nearly 10-lakh employees from 27 public sector banks, 18 foreign banks, 26 private, 82 regional rural banks and 1,721 co-operative banks would be participating in this strike, an AIBEA statement issued here said.

AIBEA has opposed FDI in private sector banks and demanded expansion of the public sector banks’ network from 40,000 branches to 1,00,000 across the country. “Expansion of public sector banks network is necessary for reaching out to the poorest of the poor for making the financial inclusion model of the RBI a success,” AIBEA’s Secretary, Vishwas Utagi, said.

“We are protesting against price rise, violation of labour laws and disinvestment in public sector undertakings,” he said.