11 Dec 2009, 1326 hrs IST,
MUMBAI: About 600,000 employees of India's banks
plan to go on a one-day strike on Dec. 16 to
protest the move to merge state-owned
banks.
"We are against any move for merger and consolidation
in the banking industry," C.H. Venkatachalam, general
secretary of All India Bank Employees Association (AIBEA)
told news agency.
"We term the move as closure of public sector banks," he said.
The employees were also protesting the ongoing move to merge
State Bank of Indore with its founder State Bank of India,
the country's largest bank, he added.
Earlier, Indian Banks Association, the apex banker's body,
said it got a notice from All India Bank Officers'
Association and AIBEA informing its members working
in state-owned, private and foreign banks would strike
work on Dec 16.
State-run Corporation Bank also informed stock exchanges
normal functioning in bank branches may be affected owing to the strike.
Source: REUTERS
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