Nationalised Banks will once again remain closed on Wednesday. Various associations of banking employees have given the call for bank strike opposing the proposed merger in the banking sector.
The merger of state-owned Vijaya Bank and Dena Bank, both under the prompt corrective action (PCA) framework of the RBI, with the Bank of Baroda, was announced in September this year.
The merger would create India’s second largest banking conglomerate under the brand of Bank of Baroda. The Center is even mulling to come out with a new logo for new lending behenmoth in India after the State Bank of India group, which underwent a similar process to emerge as the largest banking institution in the country.
The strike is sure to hit the banking customers who went to the banks in large number of Monday, which is now followed by two back-to-back holidays on Christmas on Tuesday and the day after when the banking sector staff remain on strike throughout the country.
The strike call by the bank employees comes days after officers and the union of state-run banks observed a day-long strike last Friday on similar grounds along with demand for immediate settlement of their wage negotiations.The strike is expected to hamper the day-to-day banking transactions. Though, online transactions and app-based settlements will continue to function under banking services, said sources.
Customers can long on to their bank portals and use the transfer facility and other options for conducting transactions. Apps like BHIM shall also offer services on mobile.
The strike call by the bank employees comes days after officers and the union of state-run banks observed a day-long strike last Friday on similar grounds along with demand for immediate settlement of their wages.