Bank employees in Gujarat to go on strike as talks fail

Among the demand of the unions cited in the release as majorly opposition to the merger of associate banks with State Bank of India and privatisation of IDBI.

By: Express News Service | Ahmedabad | Published: July 26, 2016 6:29 pm
Bank strikes, Bank strike in Gujarat, 29th July bank strikes,SBI merger, privatisation of IDBI, bank strike news, business news, banking news While a total 10 lakh employees and officers will strike across India, in Gujarat nearly 70000 employees and officers will join the strike. (Representational Picture)

After a conciliation process with Central Labour Commissioner and bank employee union representatives failed on Tuesday, all 9 unions of the banking sector have announced to strike work on 29th July. In Gujarat nearly 70000 employees and officers are expected to join the strike.

“The conciliation process in presence of Central Labour Commissioner was held on Tuesday at Delhi. But conciliation failed, hence all 9 unions including AIBEA, NCBE, BEFI, NOBW, AIBOC, NOBO will proceed on strike. While a total 10 lakh employees and officers will strike work in India, in Gujarat nearly 70000 employees and officers will join the strike. Clearing of Rs 20000 cores will be paralysed in Gujarat,” said a release from Janak Rawal, General Secretary, Mahagujarat Bank Employees Association(MBEA).

Among the demand of the unions cited in the release included opposing merger of associate banks with State Bank of India and privatisation of IDBI, recovering of NPA from defaulters, declaring willful defaulters as criminals and to stop banking reforms.

For all the latest Business News, download Indian Express App

    Live Cricket Scores & Results