Public sector banks threaten to strike on Tuesday
August 20, 2017  10:35
Services at public sector banks may take a hit on Tuesday as all unions under the aegis of UFBU have threatened to go on strike against the government's proposed consolidation move besides raising a host of other demands.

Most banks have already informed their customers that functioning of branches and offices will be impacted if the strike takes off.

Operations at private lenders like ICICI Bank, HDFC Bank, Axis Bank and Kotak Mahindra Bank are expected to be normal except delay in cheque clearances.

The United Forum of Bank Unions is an umbrella body of nine unions, including All India Bank Officers' Confederation, All India Bank Employees Association and National Organisation of Bank Workers.

"As the conciliation meeting before the Chief Labour Commissioner failed, unions are left with no other option but to go on strike. There was no assurance from the government and the management of banks," AIBOC General Secretary D T Franco said.

As many as 21 public sector banks control 75 per cent of the total business.

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