Bank strike: India's largest lender State Bank of India (SBI) on Monday informed that staff unions will go on strike from May 30 to May 31. SBI revealed that such movement will impact their operations to some extent. On Monday, when benchmark indices were facing heat, the share price of SBI closed at Rs 245.10 per piece on BSE, above 2.47%. The reason behind the strike was not mentioned in SBI's notification.
SBI in a notification stated that, "we have been advised by the Indian Banks' Association (IBA) and UFBU has served a notice of strike, informing their decision to go on nationwide bank strie on May 30 to May 31, 2018."
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.
From the following even SBI customers would be impacted, as their financial operations would take a troll from the strike as well.