Two Bank Unions Sit On Strike On Tuesday

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Two Bank Unions Sit On Strike On Tuesday
Rajat Mishra - 22 October 2019
New Delhi, October 22: When Diwali is just around the corner, India’s two banking associations, All India Banking Employees’ Association (AIBEA) and Banking Employee Federation of India (BEFI) have announced a one-day strike on Tuesday. As a result, nearly 3 lakh bankers from public and private sector are going on strike.
This strike is being done against the mega merger of the banks announced by the current regime. A few months back finance minister Nirmala Sitharaman,in order to give fresh impetus to an already sagging economy, announced the merger of the banks that brought down the total number of PSBs in India from 27 to 12.
Now these associations and employees from private and public sector banks are going on strike to protest against governments merger plan.
However, India’s largest bank - State Bank of India - has already said that the operation of SBI would-be minimally impacted. However, Bank of Baroda has said that its services would be disrupted for a day.
These employees who are on strike have also threatened to disrupt the functioning of the ATM machines. In the states where elections were held yesterday would be badly impacted as this would be the third consecutive day when banks are shut down.
On the day of elections the banks were shut down. And due to this strike, the people of those two particular states will have to bear the brunt.
After this strike gets over, October 26 will also be a holiday for the bank as it would be fourth Saturday, followed by October 27 for being Sunday and Diwali. On October 28 banks will remain closed on the occasion of Govardhan Pooja. On Bhaiya Dooj which is falling on October 29 again banks in the some parts of the country will observe a holiday.
Ongoing strike and back to back holidays will impact your finances as well. So, during this festive season plan things cautiously and get your all bank-related work done in advance otherwise it will be a huge problem for you.
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