Four banking unions have called for a strike on September 26, 27. As the days following these dates are fourth Saturday and Sunday, banks will continue to be closed for two more days after the strike. Here is why banks have convened a strike.
Bengaluru: Banks will go on a strike on September 26 and 27 against the order to merge the public sector banks. Even ATMs of the respective banks will not work on these two days. However, people will have to wait four days for the ATMs and banks to work.
September 26 falls on Thursday and the strike will continue the following day too. September 28 is fourth Saturday and it’s a holiday for banks. This is followed by Sunday. Thus people will have to wait for four days for any bank-related transactions.
The strike has been convened by the four banking unions – All India Bank Officers' Confederation (AIBOC), All India Bank Officers' Association (AIBOA), Indian National Bank Officers' Congress (INBOC), National Organisation of Bank Officers (NOBO).
The announcement came after the Centre's announcement on amalgamation of 10 public sector banks into four.
On August 30, finance minister Nirmala Sitharaman had announced the merger of various banks including Punjab National Bank, Oriental Bank and United Bank into one. She had also announced the merger of Canara Bank and Syndicate Bank; Union Bank of India, Andhra Bank and Corporation Bank; Indian Bank and Allahabad Bank.
After the merger instead of 27 banks there will be 12 banks functioning.
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Last Updated Sep 15, 2019, 6:04 PM IST