New Delhi, May 30: Banking services including ATM services in the country will be hit as unions have given a call for two-day strike from Wednesday to press for their demands including early revision of the wages which is due since November 1, 2017.
ICICI Bank, HDFC Bank, Axis Bank, YES Bank and IndusInd Bank will not be impacted by the strike. These five banks have no trade unions.
As per the estimates over 10 lakh bankers in government and private sectors will go on a two-day strike from Wednesday to protest against the meagre two per cent wage hike proposed by the Indian Banks’ Association.
The bank strike is being spearheaded by the United Forum of Bank Unions (UFBU).
The bank employees decided to go ahead with the strike after the failure of final round of negotiations on Monday. Foreign bank employees will also participate in the nation-wide strike as they are members of these unions, but not their bank officers.
The largest public sector lender State Bank of India (SBI) has informed the stock exchanges that Indian Banks Association (IBA) has communicated to the bank that the United Forum of Bank Unions (UFBA) has served a notice to go on a nationwide bank strike on 30-31 May, 2018.
Several banks, including SBI, Bank of Baroda and Canara Bank, have cautioned that their services and normal banking operations would be impacted by the strike.
Banking services to be hit as unions call for 2-day strike from today
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