Banks will be closed for five consecutive days
The country's largest lender SBI today said its services may be impacted on May 30-31 if the proposed strike by various
The bank unions have been pressing for various demands, including wage revision in the wake of the proposal for a 2 per cent hike in salar
said the Indian Banks' Association (IBA) has communicated to the bank that the
(UFBA) has served a notice to go on a nationwide
UFBU is an umbrella body of various bank unions like AIBEA, AIBOC, NCBE, AIBOA, BEFI, INBEF, INBOC, NOBW and NOBO.
"All India State Bank Officers' Federation and All India State Bank of India Staff Federation are members of UFBU. Thus, it is likely that our bank will also be impacted to some extent by the said strike calls," SBI said in a regulatory filing.
According to an UFBU circular, earlier on May 16, it gave a memorandum to IBA followed by demonstrations. It also gave memorandum to the finance ministry and labour ministry.
Tomorrow, it is slated to give a memorandum to the secretary of the Department of Financial Services. Subsequently, demonstrations have been planned at bank branches in all centres before the two-day strike commences at month-end.
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