Utkal Reporter Bureau|21 August 2017
Bank Unions would observe an all India strike on Augaust 22 as per the call given by the United Forum of Bnak Unions (UFBU) to press their demand agaist the government’s proposed policy of privatisation and merger of some public sector banks along with some others.
Other demands include no write-off policy for non- performing assets (NPAs) of corporate loans, declaring wilful default of loans as criminal offence and implementation of recommendations of Parliamentary Committee on recovery of NPAs,
Unions are forced to go ahead with strike as the government and the Bank Management were not eager to resolve the issues, mentioned an UFBU statement.
The strike is likely to hit service in the public sector banks through out the country. However the private banks have kept themselves separate from this move thus ensuring normal business in their sector.
After UFBU gave the strike call Indian Banks’ Associatio (IBA) had talked with unions to see the strike was averted but failed to convince the unions. An initiative by Chief labour Commissoiner to resolve the issue also failed.
“In response to the strike notice, the Indian Banks’ Association (IBA) called the UFBU for discussions on August 16 to explore the possibility of averting the strike. During the meeting, the IBA could not commit to resolve any of the demands; it just stated that all these are policy issues of the government but appealed to the unions to withdraw the strike,” UFBU said in a statement.
About 10 lac workers and officers in public sector banks would go on strike on Tuesday, stated UFBU.