Bank Strike Deferred Indefinitely

The nationwide two-day strike called by four public sector bank unions has been deferred indefinitely. 

Four large bank unions – All India Bank Officers Confederation (AIBOC), All India Bank Officers’ Association (AIBOA), Indian National Bank Officers’ Congress (INBOC), and National Organisation of Bank Officers had called for a 48 hour long bank strike  on September 26-27 to protest the Union government’s decision to merge 6 public sector banks with 4 larger PSU banks.

A statement to this effect was issued by the unions after their representatives met Union Finance Secretary Rajiv Kumar in New Delhi on Monday. In a statement, bank unions said in view of the consideration of the positive and workable solution by the finance secretary, the 48-hour-long strike from September 26-27 stands deferred.

Following their meeting with the Finance Secretary, the union leaders stated that the government has agreed to form a committee to look into the concerns raised by them.

“In view of the consideration of a positive and workable solution by the finance secretary, the 48th-hour strike from midnight of September 25 to 28 stands deferred,” AIBOC, AIBOA, INBOC and NOBO said in a joint statement.

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Banks strike, scheduled on September 26 & 27, has been postponed by the bank unions to protest against many demands, including the merger of 10 banks. After meeting with Finance Secretary Rajiv Kumar on Monday, the employees of the bank union decided to postpone the strike. pic.twitter.com/ztTuFStiTk

— GoNewsIndia (@GoNews24x7) September 24, 2019