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Thursday, January 7, 2016

Public Sector Bank Employees on Strike Friday January 08,2016

Banking operations were hit partially on Friday January 08,2016 as a section of public sector banks’ employees went on a strike across the country to protest violation of bilateral settlement agreement by associate banks of SBI.

Some of the services, like cash handling at branch level and clearing of checks were affected in the banks where presence of All India Bank Employees’ Association (AIBEA) is strong.
Private sector banks and country’s largest lender SBI continues to function normally.

As precautionary measures, most of the banks, including United Bank of India, had issued advisory to their customers saying they will take all necessary steps in terms of existing guidelines for smooth functioning of branches or offices on the day of strike, in the event it materialises on Jan 08,2016

The strike call was given on December 28 to protest violation of the bilateral settlement by five associate banks of the SBI and their attempt to force unilateral service conditions on the employees, AIBEA general secretary C.H. Venkatachalam had said.

Five subsidiaries of SBI are State Bank of Travancore, State Bank of Mysore, State Bank of Patiala, State Bank of Hyderabad and State Bank of Bikaner and Jaipur.

The strike call has been given by the All India Bank Employees’ Association (AIBEA) protesting against the implementation of Career Progression Scheme (CPS) by five associate banks of the State Bank of India namely State Bank of Mysore, State Bank of Patiala, State Bank of Bikaner and Jaipur, State Bank of Hyderabad and State Bank of Travancore.

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