Bank Strike Postponed

A bank strike was supposed to take place on 26th & 27th September. The four unions that were part of the strike were All India Bank Officers’ Confederation (AIBOC), All India Bank Officers’ Association (AIBOA), Indian National Bank Officers’ Congress (INBOC) and National Organisation of Bank Officers (NOBO). 4 lakh bank employees are supporting the unions. People were very worried as 28th September is 4th Saturday which is a bank holiday, just like 31st March is the bank’s yearly closing, from 1st April to 30th September is the Banks half yearly closing. This is why the banks will remain shut. Also 2nd October the banks will remain shut. If the strike occurrs on the 26th and 27th September then the banks would be shut for a long time even ATMs would be closed. This is why everyone was worried However there is good news. The strike has now been cancelled. Banks Unions had a meeting with a Minister from the Union Finance Ministry name, Rajiv Kumar. The unions spoke about points such as increase in salary, mandatory Saturday Sunday leave, stop bank mergers, increase in benefits for retired employees, etc. The unions have said that if their demands are not met they will again go on strike.

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