Operations of Public Sector Banks Stopped Today, Which Affected on Banking Services

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Operations of Public Sector Banks Stopped Today, Which Affected on Banking Services
Operations of Public Sector Banks Stopped Today, Which Affected on Banking Services

Banking services in the public sector banks were affected today due to a strike by Unions against the proposed merger of Vijaya Bank and Dena Bank with Bank of Baroda.

The strike has been called by the United Forum of Bank Unions (UFBU) – an umbrella association of each of the 9 associations including the All India Bank Officers Confederation, the All India Bank Employees’ Association among others.

Be that as it may, parts of new age private division banks stay unaffected by the strike called by UFBU. This is the second bank strike in under seven days. Last Friday, an officers’ association of state-run banks watched multi-day-long strike to challenge the merger.

In any case, parts of new age private division banks stay unaffected by the strike called by UFBU, which professes to have a participation of almost 10 lakh bank workers and officers crosswise over 21 open segment banks.

The association’s state post-merger, countless will be shut and clients will need to confront needs as of now banks are troubled with different government plans, for example, standardized savings protection, and PM’s lodging plan, among others.

On 26 December, the associations will take out a rally and hold an exhibition at the Azad Maidan in South Mumbai. On 17 September the administration declared the merger of state-possessed Vijaya Bank, Dena Bank and Bank of Baroda to make the country’s’ third biggest loan specialist in an offer to tidy up the managing an accounting framework which has been overburdened by terrible obligations. Post-this merger, the quantity of PSU banks will come down to 19. The three banks will keep on working autonomously post-merger.

Back Minister Arun Jaitley additionally guaranteed that no workers will confront an administration condition which is in any capacity aggressive in nature to its current condition.

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