INSUBCONTINENT EXCLUSIVE:
Wednesday due to a nation-wide strike call given by unions to protest against the proposed amalgamation of Vijaya Bank and Dena Bank with
This will be the second bank strike in less than a week
Last Friday (December 21), an officers' union of state-run banks observed a day-long strike to protest against the merger and also demanded
immediate settlement of wage negotiations
The strike is being organised by the United Forum of Bank Unions (UFBU), an umbrella organisation of nine unions, including the All India
Bank Officers Confederation (AIBOC), the All India Bank Employees' Association (AIBEA), National Confederation of Bank Employees (NCBE) and
the National Organisation of Bank Workers (NOBW)
The unions claim that the government wants banks to grow in size by such mergers but even if all public sector banks are bundled into one,
the merged entity will not find a place among the top 10 globally.The government in September approved the amalgamation of Bank of Baroda
of India last year merging five of its subsidiary banks with itself and taking over Bharatiya Mahila Bank, catapulting it to among the top
So far, Indian Banks' Association (IBA) has offered 8 per cent wage hike which is not acceptable to UFBU, he said.
