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All India Bank Strike on 22nd October

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All India Bank Strike on 22nd October: There is a high chance of a call for strike by two large banking unions on the 22nd of October. As stated and partly confirmed by the State Bank of India that the banks are trying to cool down the strike and the anger of the employees and are will watch out for the smooth running fo the banks. The strike has been called by two large unions which is set to take place as they would try and get justice for their strike as early as possible.

All India Bank Strike on 22nd October

Why All India Bank strike?

The All India bank strike is called by the two large unions, namely Bank Employees federation Of India and All India Bank Employees Association. They have called for the strike because the deposit rate has gone down and also the bank merging is one another issue because of which they are calling a strike on the 22nd of October.

The four officers’ unions and three employees’ unions which along with Bank Employees federation Of India and All India Bank Employees Association forms the United Forum of Bank Unions are not part of the strike and thus the strike is set to not gain much strength and audience.

Since the strike is set to take place by two large unions, The State Bank of India has partly confirmed that it is not going to affect the smooth functioning of the banks on that day because of the strike. It also confirmed that it would be keeping a check that the customers are not suffering on that day due to this. The SBI confirmed to the Stock Exchange in a notice.

The main reason for the strike is against the decision of the government to merge 10 public sector banks into just four. The government decided to close six banks. They termed this decision as useless and unwanted. So just like a strike last month, when the strike went on for 48 hours and thereafter Rajiv Kumar, The Union Finance Secretary assured to look into the demand of the unions.

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