Bank strike: SBI staff union to hold 2-day protest on May 30-May 31

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. 

TRENDING NOW

Govt mulling restoration of old pension scheme (OPS) for central govt employees? Minister of State for Finance Pankaj Chaudhary says THIS in Lok Sabha

Meet Dr Mohan Yadav - BJP's pick as Madhya Pradesh's Chief Minister-elect

Back-To-Back Upper Circuit! This multibagger infrastructure stock hits upper circuit for 12th straight session

Canara Bank, Wipro, Future Consumer, other stocks to watch out for on Tuesday

Retail inflation now stable, temporary increases due to demand-supply mismatches: FM Nirmala Sitharaman

Tata Power shares near record high after power generator joins hands with Indian Oil to set up EV charging points

DLF CFO Vivek Anand resigns

BPCL dividend: Bharat Petroleum Corp shares to trade ex-date on Tuesday

States should look at asset sales in infra sector to bolster revenues: RBI Report

1,178% return in 2 years: This NBFC stock hits upper circuit for second consecutive session

India planning to move from WPI to PPI in future: Official

Sovereign Gold Bond 2023–24: Next tranche to open next week; all you need to know

Old Tax Regime clear winner, preferred by 63% taxpayers who prioritize long-term investments, tax-saving: Survey

Coca Cola India forays into Alcohol segment alcoholic beverage stocks Radico Khaitan, UBL, Sula Vineyards, Som Distilleries shares rise Tilaknagar Industries stock declines

RBI approves HDFC Bank's product on offline retail payments for adoption

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.