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This is an archive article published on September 5, 2010

Strike call to hit banking operations on Tuesday

Banking operations are expected to be hit on September 7.

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Banking operations are expected to be hit on September 7,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.

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 banks8217; network from 40,000 branches to 1,00,000 across the country.

8220;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,8221; AIBEA8217;s Secretary,Vishwas Utagi,said.

Besides bankers,nearly 44-crore employees,including those from organised and unorganised sectors and industries would be participating in the strike,he said.

8220;We are protesting against price rise,violation of labour laws and disinvestment in public sector undertakings,8221; he said.

 

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