There bank strike in india on 25th and 26th.
The Bank Union is on strike to oppose the reform of indian financial sector.
The union , representing 9 lakh workers said that they are not convinced with the benefits of State banks merger into pvt banks.
Indian Financial Minister P. Chidambarab said that this Bank strike is unusual and unwanted. Chidambaram said that , there is no reason for union to go on strike as Govt of India will be holding 51% stake in this banks.
According to C.H. Venkatachalam, convenor of the United Forum of Bank Unions and joint secretary of the All India Bank Employees Association , the bank strike would be "total", and it will affect cash transactions, treasury and foreign exchange operations.
The Bank Employees unions called a three-day strike in March, but called it off after the government agreed to consider their demands
The Bank Union is on strike to oppose the reform of indian financial sector.
The union , representing 9 lakh workers said that they are not convinced with the benefits of State banks merger into pvt banks.
Indian Financial Minister P. Chidambarab said that this Bank strike is unusual and unwanted. Chidambaram said that , there is no reason for union to go on strike as Govt of India will be holding 51% stake in this banks.
According to C.H. Venkatachalam, convenor of the United Forum of Bank Unions and joint secretary of the All India Bank Employees Association , the bank strike would be "total", and it will affect cash transactions, treasury and foreign exchange operations.
The Bank Employees unions called a three-day strike in March, but called it off after the government agreed to consider their demands
