Million-strong bank unions to strike work on 29 July

About a million employees belonging to public sector banks, old private banks, regional rural banks, foreign banks and co-operative banks will go on a countrywide strike on 29 July in protest against the government's financial sector policies.

The strike has been called by the United Forum of Bank Unions (UFBU), which is a joint forum of nine trade unions with a membership of around a million employees, including officials.

Bank employees would go on a strike opposing the anti-people banking reform policies of the central government, CH Venkatachalam, general secretary of the All India Bank Employees' Association (AIBEA), said on Tuesday.

Nine trade unions of bank employees and bank officers (AIBEA, AIBOC, NCBE, AIBOA, BEFI, INBEF, INBOC, NOBW, NOBO) consisting of a million members working in public sector banks, old private banks, regional rural banks, foreign banks and co-operative banks will observe one day protest strike on 29 July to oppose anti-people banking reform policies of the central government, Venkatachalam, union leader and general secretary of All India Bank Employees' Association (AIBEA), stated.

A notice for the strike has been served on the Indian Banks' Association by the UFBU, he said.

Bank employees had deferred a planned strike in 12 and 13 July after the Delhi high court refused on to allow the bank strike.

Previously, the unions had protested on 20 May after the government approved merger of five State Bank of India subsidiaries with the parent SBI.