Mumbai, February 11: Several major bank unions in India have announced a strike scheduled for February 12. This strike is expected to disrupt banking services across the country. The announcement was made by Bank of Baroda on Wednesday.
In an exchange filing, Bank of Baroda stated that multiple bank unions have called for this strike due to various issues and demands, which may lead to service interruptions.
The filing further noted that the All India Bank Employees Association (AIBEA), the All India Bank Officers Association (AIBOA), and the Bank Employees Federation of India (BEFI) have collectively declared the strike.
Bank of Baroda also mentioned that it is taking all necessary steps to ensure smooth operations at its branches and offices on the day of the strike. However, if the strike occurs, operations at these locations may be affected.
Given the involvement of major banking unions, employees from several public sector banks, including the State Bank of India and Punjab National Bank, are likely to participate. However, the Reserve Bank of India (RBI) has not announced any holidays for that day.
Only employees from public sector banks are expected to join the strike, meaning operations at private banks such as HDFC Bank, ICICI Bank, Axis Bank, RBL Bank, and IDFC First Bank are anticipated to continue as usual.
Reports indicate that the strike is motivated by concerns over four new labor codes, which the unions claim impose an increasing burden on employees.
Previously, on January 27, banking unions had announced a strike demanding a five-day work week. During that time, several public sector banks had already informed the stock exchange that banking services could be impacted due to the strike.
The announcement of this strike was made by the United Forum of Bank Unions (UFBU), a collective platform representing nine bank unions for public sector bank officers and employees. The decision to strike was reached after no resolution was found in a meeting with the Chief Labour Commissioner on January 23.
This includes major public sector banks such as the State Bank of India (SBI), Punjab National Bank (PNB), and Bank of Baroda.
My name is Himanshu Tiwari. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including TECHNOLOGY, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
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