Bank unions to go on strike on Aug 22

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Asia

Banks will remain shut on August 22 as 10L employees go on strike against privatization of public sector banks.

The All India Bank Employees Association (AIBEA), a consortium of nine unions and employees of public as well as private banks, said a massive rally would follow on September 15.

Sometime in October-November, a two-day strike will be held, said AIBEA general secretary CH Venkatachalam.

The list of demands

Apart from privatization, employees are protesting merger and consolidation of banks, and non-performing assets not being written off. They want willful loan defaults to be termed criminal offence, as well as implementation of the Parliamentary Committee recommendations on recovery of NPAs.

Source: newsbytesapp