Following discussions with the government and receiving assurance to set up a committee for looking into the issues arising out of public sector bank (PSB) consolidation, the 26th and 27 September 2019 strike called by bank officer's union has been deferred.
"The secretary finance was positive in formation of a committee consisting of all concerned to address the issues arising out of the proposed merger of 10 banks, including preserving the identity of all the banks," bank unions said in a statement.
The strike call was given by four officers' unions of the banking industry -- All India Bank Officers' Confederation (AIBOC), All India Bank Officers' Association (AIBOA), Indian National Bank Officers Congress (INBOC) and National Bank Officers' Organisation (NOBO).
The strike was deferred by the four officers' unions of the banking industry after their representatives met with Finance Secretary Rajiv Kumar, who gave positive feedback on the formation of a Committee which will look into the issues arising out of the merger.
The unions says, "An appeal was made to us to revisit our strike call in view of the discussions... In view of the consideration of the positive and workable solution by the Secretary, Finance, the 48-hour strike from midnight of 25th September, 2019 to 27 September, 2019 stands deferred."
The development assumes significance as the proposed strike call by the state-run lenders' unions against the mega PSB merger would have commenced on 26th September, Thursday, and end on 27th September, Friday.
This strike, along with the planned monthly non-working day of fourth Saturday on 28th September and Sunday on 29th September, would have effectively shut PSB operations for four consecutive days, thus, hampering cash withdrawals at branches and automatic teller machines (ATMs). In addition, on Monday, 30th September, banks have half-yearly closing.
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