10 Lakh Bankers to go on a Strike!

10 Lakh Bankers to go on a Strike!

India as a country is undergoing massive change and as a result demands to be dynamic in nature. This means that the government has to be on its toes in order to constantly update and review the policies which will keep India ahead of the curve. India’s banking sector is under a lot of stress and a number of policies in order to execute much needed reforms have definitely sparked controversy.

Public and private sector bank employees have decided to observe a day-long strike on July 29 to oppose the “anti-people” banking reform policies of the Centre, AIBEA said on Wednesday.

The United Forum of Bank Unions (UFBU) consisting of nine trade unions across the country representing 10 lakh bank employees and officers would observe the strike. The unions oppose move to privatise regional rural banks, co-operative banks, consolidate and merging banks among others, All India Bank Employees Association (AIBEA) General Secretary C H Venkatachalam said in a statement.


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