Strike likely to hit branch banking operations

UFBU has called for a two-day strike from today against privatisation of banks

Operations at public sector banks, especially the services customers access by visiting the branches, are likely to be severely impacted during the two-day strike called by an umbrella body of nine bank officers and employees unions from December 16.

Conciliation meetings have failed as the Central government did not give assurance, as sought by the bank unions, that it will not table the bill on privatisation of banks in the ongoing session of the Parliament, United Forum of Bank Unions Telangana unit leader R.Sriram said.

An estimated 10 lakh public sector bank employees and officers, up to certain pay scales, across the country, including 25,000 to 30,000 in Telangana, are expected to participate in the strike.