Nagpur: Normal banking operations are set to take a hit today as public sector bank employees went on strike to protest against proposed merger of associate banks with SBI and banking reforms announced by the government.
The United Forum of Banks Unions (UFBU), an umbrella organisation of nine bank employees and officers unions representing 8 lakh staffers, will go ahead with the strike, potentially affecting services like cheque clearances, cash deposit and withdrawal at branches and other facilities.
Most banks, including SBI, informed customers that banking services would be hit on July 29 due to the strike at all banks on “issue and demand to stop banking sector reforms”.
“The All India State Bank Officers’ Federation and the All India State Bank of India Staff Federation are members of UFBU. Thus, it is likely that the bank will also be impacted to some extent by the said strike calls,” SBI said in a statement.