Bank officers to strike work on September 25-27 over rolling of 10 banks into four

Bank officers’ unions have decided to strike work between September 25 and September 27 to protest the government’s recent decision to merge 10 state-run banks into four financial behemoths.

The trade unions that will stay away from work are The All India Bank Officers’ Confederation (AIBOC), The All India Bank Officers’ Association (AIBOA), Indian National Bank Officers’ Congress (INBOC) and National Organisation of Bank Officers (NOBO).

In August 30 order, the government announced four bank mergers, the biggest of the four being the coming together of Punjab National Bank with Oriental bank of Commerce and United Bank of India to create India’s second largest Public Sector Bank (PSB) with a business of Rs 17.5 lakh crores.