Strike in public sector banks on Tuesday to paralyse operations

ANI
21 Oct 2019, 17:57 GMT+10

Mumbai (Maharashtra) [India], Oct 21 (ANI): Public sector banking operations are likely to be hit on Tuesday due to a day-long strike called by the All India Bank Employees' Association and the Bank Employees Federation of India.

The unions informed the Indian Banks' Association of the proposed strike via a notice. The functioning of banks in Maharashtra and Haryana was affected on Monday due to polling for the assembly elections.

The move by both employee unions is largely a protest against the government's plan to merge 10 public sector banks (PSBs) into four entities with countrywide networks and global reach.

They are also protesting against falling interest rates on deposits and demanding job security, recovery of bad loans and stringent action for defaulters.

In regulatory filings at stock exchanges, the government-owned banks have said that necessary steps are being taken for a smooth functioning of the branches. If the strike materialises, the functioning of the branches may be affected or paralysed, they said. (ANI)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Cape Town Express.

More Information

null in null

International

Section

CDC: US records 1,288 measles cases, most since 1992 outbreak

ATLANTA, Georgia: The United States is facing its worst measles outbreak in more than three decades, with 1,288 confirmed cases so...

Gaza War sucking life out of an Israeli generation

In the past month alone, 23 Israeli soldiers have been killed in Gaza—three more than the number of remaining living hostages held...

Faulty IT system at heart of UK Post Office scandal, says report

LONDON, U.K.: At least 13 people are believed to have taken their own lives as a result of the U.K.'s Post Office scandal, in which...

Travelers can now keep shoes on at TSA checkpoints

WASHINGTON, D.C.: Travelers at U.S. airports will no longer need to remove their shoes during security screenings, Department of Homeland...

Rubio impersonator used AI to reach officials via Signal: cable

WASHINGTON, D.C.: An elaborate impersonation scheme involving artificial intelligence targeted senior U.S. and foreign officials in...

Warsaw responds to migration pressure with new border controls

SLUBICE, Poland: Poland reinstated border controls with Germany and Lithuania on July 7, following Germany's earlier reintroduction...

South Africa

Section