ATMs will work normally on strike

Tomorrow a lot of employees will sit on bank strike, where it seems that the State bank of Indi will have a little impact on its operations. SBI has announced that there will be less impact on the Ban’s operations as only few employees are part of the unions.

“The membership of our bank employees in unions participating in strike is very few, so the impact of strike on banks operation will be minimal,” SBI has told stock exchanges.

Another public sector lender, Bank of Baroda, which is the third largest bank in India, may get affected by this strike. “The bank is taking necessary steps for smooth functioning of bank’s branches / offices on the day of strike, in the event the strike materializes, the functioning of the branches / offices may be affected / paralyzed,” Bank of Baroda said in a regulatory filing.

Syndicate Bank too announced the customers to make transactions before 8th January and cooperate with them.

PSU banks are the once which are going to have a large impact of the bank strike called by a cluster of five bank employees and officers union and supported by another one, is successful.

All India Bank Employees Association (AIBEA), All India Bank Officers Association (AIBOA), Bank Employees Federation of India (BEFI), Indian National Bank Employees Federation (INBEF) and Indian National Bank Officers Congress (INBOC) had jointly issued a circular last month on its decision to join the nationwide general strike or Bharat Bandh called by trade unions.

The bank unions are up in arms against the Narendra Modi government for its decision to merge several public sector banks and banking reforms.