All business and commercial activities across the country would be crippled down for two days as entire banking industry is all set to go on a two-day strike from Wednesday. Banking union officials have stated that over a million employees and officers of 27 public sector banks, 12 old generation private banks and eight foreign banks will take part in the strike.
Strike is going to be organized for their various demands including government's move to amend the banking laws bill.
According to All India Bank Employees Association secretary Vishwas Utagi, over a million employees and officers of 27 public sector banks, 12 old generation private banks and eight foreign banks will take part in the strike.
Bankers are protesting the government's move to amend the banking laws bill, presently pending before parliament and scheduled for discussions Aug 23 and 24.
Utagi said," The proposed banking law amendments proposing to adversely amend the Banking Regulation Act, 1949, and Banking Companies' Acquisition and Transfer of Undertakings Act, aimed at merger of banks, allowing private and foreign capital in banks, unrestricted voting rights and granting licences to corporate business houses to start new banks, are aimed at handing over the Indian private sector banking to multi-national banks and increasing the presence of Indian corporate and foreign direct investment in public sector banks."
Union is also against the government move of outsourcing of work to outside agencies, and other "anti-labour" policies, jeopardising jobs in the banking sector and aimed at undermining the collective bargaining strength.
(With inputs from IANS)
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