Mumbai: Banking services are likely to hit as the two major bank unions in the country have threatened to go on a one-day strike on October 22 to protest against the merger of banks and falling deposit rates.
According to the Indian Banks’ Association, the call has been given by All India Bank Employees’ Association (AIBEA) and the Bank Employees Federation of India (BEFI).
State Bank of India (SBI) has issued a notice to Exchanges stating that the impact of the strike on the bank will be less
The other banks are concerned about the impact of the strike on their functioning. Bank of Baroda, in its filing, stated that the bank is taking necessary action to keep banking activities go smooth during the strike period.
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