Bank union calls for nationwide strike to oppose privatization

| Thursday, May 12, 2016 - 12:43
First Published |
Bank union calls for nationwide strike on July 29

Bank union calls for nationwide strike on July 29

New Delhi: Bank employees across the country will go on a one day strike, on July 29. The proposed strike is to oppose privatisation of public sector banks and banking sector reforms, according to the reports.
Alleging that the government intended to privatise the banking industry and allow it to the control of corporate houses and big business, the Bank Employees' Federation of India general secretary (AP and Telangana) P.Venkataramaiah has reportedly sought support of the public for the strike.
Federation members are fearing that in the name of consolidation, government is proposing to merge the PSBs and create 5 or 6 large size banks and privatisation would deprive the poor and common man of the banking and necessary loan facilities.
The strike is being called to oppose measures to merge public sector banks, appointment of private individuals as executives to PSBs and demanding actions against wilful corporate defaulters.

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