Banks will remain open only for three days this week in the states of Maharashtra and Haryana, due to ongoing Assembly elections and a proposed strike on October 22. In other states, operations will be hit only on the day of the strike.
Banking services may be hit on October 22 as the All India Bank Employees’ Association (AIBEA) and the Bank Employees Federation of India (BEFI) have warned of a day-long strike. The unions informed the Indian Banks’ Association of the proposed strike via a notice.
The move by the two employee unions is largely a protest against the recent mergers of 10 public sector banks (PSBs)and the dipping rates on deposits, they said a joint statement. Other demands include recovery of bad loans, stringent action on defaulters charges and job security.