Bank employee unions to protest against merger, go on strike on October 22

All India Bank Employees Association (AIBEA) and Bank Employees Federation of India (BEFI) said they proposed to go on strike from 6 a.m. on October 22 to 6 a.m. on October 23

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Current affairs: Two major unions in the banking sector on Thursday announced that they would go on a one-day strike on October 22 protesting against the merger of government-owned banks.

All India Bank Employees Association (AIBEA) and Bank Employees Federation of India (BEFI) said they proposed to go on strike from 6 a.m. on October 22 to 6 a.m. on October 23. The demands listed out by the two unions are: stop merger of banks, stop banking sector reforms, recover bad loans and take stringent action on defaulters, not penalising the customers with penal charges, stop attack on job security and recruit adequate people.

C H Venkatachalam, general secretary, AIBEA said that around 3.5 lakh employees are expected to join the strike on that day. There are around 8.5 lakh bank employees across public, private, foreign and co-operative banks in...read more

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