Bank staff plan August 29 strike against Govt’s anti-labour moves

An umbrella body of bank unions has called for a nationwide strike on August 29 to protest against the government's banking reforms. 

The United Forum of Bank Unions (UFBU), representing nine unions who count 10 lakh bank officers and employees as members, will go on strike on August 29, All India Bank Employees Association General Secretary C H Venkatchalam said in a statement issued here.

The decision was taken at an UFBU meeting held yesterday in Hyderabad, he said. "Since the government proposes to go ahead with the banking reforms measures like weakening public sector banks, inadequate capital to public sector banks, consolidation and merger of banks, sanction of more licences to private corporate companies, privatisation of IDBI Bank and allowing more private 

capital in Regional Rural Banks, UFBU has decided to express its protest," he said.