Bank strike proposed for May 30th, 31st: Largest lender in India says work may get affected
Bank strike proposed for May 30th, 31st: The State Bank of India (SBI), the country's largest lender, said that the staff unions may go on strike for two days from May 30 to May 31. SBI revealed that if this comes to pass, it will impact its operations to some extent.
Bank strike proposed for May 30th, 31st: The State Bank of India (SBI), the country's largest lender, said that the staff unions may go on strike for two days from May 30 to May 31. SBI revealed that if this comes to pass, it will impact its operations to some extent. Bank unions have been pressing for various demands, including wage revision in the wake of the proposal for a 2 per cent hike in salary and improvement in other service conditions.
"We have been advised by the Indian Banks' Association (IBA) and UFBU have served a notice of strike, informing their decision to go on nationwide bank strike on May 30 to May 31, 2018," SBI stated in a notification.
SBI said the Indian Banks' Association (IBA) has communicated to the bank that the United Forum of Bank Unions has served a notice to go on a nationwide bank strike on May 30-31, 2018.
According to a circular, earlier on May 16, it gave a memorandum to IBA followed by demonstrations. It also gave memorandum to the finance ministry and labour ministry.
All India State Bank Officers' Federation and All India State Bank of India Staff Federation are members of UFBU. Therefore, it is likely that SBI will also be impacted to some extent by the said strike calls. Likewise, SBI customers would also be impacted, as their financial operations would be impacted for the strike.
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Several others banks, including Bank of Baroda, Canara Bank and Punjab and Sind Bank(PSB), have also said that their services and functioning are likely to be impacted if the strike takes place.
SBI said it is taking all necessary steps in terms of the existing guidelines to deal with the strike and for smooth functioning of bank's branches/offices.
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