New Delhi (Anish Yande): Banks across the country would be closed for the rest of the week due to a strike. The strike would occur on Thursday, November 26. Banks shall open again on Friday, November 27. Then banks shall remain closed due to bank holiday on the fourth Saturday of the month and Sunday, November 28, as well.
Which Banks would stay closed?
All India Bank Employees’ Association has declared that banks across the country except State Bank of India and Indian Overseas Bank would be closed. The AIBEA speaks for most of the banks across the country.
In Maharashtra, more than 10,000 public sector bank branches and 30,000 bank employees would be observing the national strike. In the state, regional rural banks, private sector banks, and foreign banks would be holding the strike.
Would Digital transactions, ATM be affected?
The strike would not affect digital transactions or ATM users. Transactions through Mobile Banking and NetBanking would not be affected.
Why is the strike happening?
The All India Bank Employees’ Association has supported and joined the one-day strike on November 26. The strike has been issued against, according to the AIBEA, the anti-labor policies by the central government.
The strike was declared by central trade unions. Several central trade unions would be observing the nationwide strike.
AIBEA, in a statement, has said that the Lok Sabha in a recent session has issued three labor laws. These laws, according to the AIBEA, have dismantled 27 existing enactments regarding labor policies. These enactments have been dismissed due to the ‘Ease of Business’, which AIBEA deems is in the interest of corporates.
The association states that workers would have no legal protection under these laws.
The association has also declared that the banks would also be demanding attention to issues such as opposition to outsourcing, adequate recruitment, contract system, reduction in service charges, and bank privatization. The banks are demanding action against defaulting on payments by big corporates.
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