All-India Bank Strike Called on October 22

Guwahati, October 20, 2019:

Two bank employee unions have called for an all-India bank strike on October 22 to oppose the mega merger of 10 state-run banks into four.

The All India Bank Employees Association (AIBEA) and Bank Employees Federation of India (BEFI) have called for an all-India strike on October 22 to protest against the merger of Punjab National Bank (PNB) with United Bank of India and Oriental Bank of Commerce, Syndicate Bank with Canara Bank; Allahabad Bank with Indian Bank, and Andhra Bank with Corporation Bank and Union Bank of India.

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Banks such as Oriental Bank of Commerce, Bank of Maharashtra, Syndicate Bank and Bank of Baroda have warned that their operations may be impacted due to the bank strike, according to regulatory filings.

The country's largest lender, State Bank of India (SBI), has, however, stated that its services will not be hampered as its employees are not a part of these unions.

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