Corporate

Banking disrupted as employees go on strike over merger

Bank employees owing allegiance to four Left-leaning unions today went on a strike protesting the proposed merger of the State Bank of Indore with parent SBI, disrupting normal banking operations in the country, a top union official said. - Bank employees begin nationwide strike - Hunger strikes on for united Andhra - MNC banks pay lesser advance tax in Q3 - Nation-wide bank strike tomorrow - Moody"s upgrades outlook for rupee - Unique identity number to help banks skip KYC rules AIBEA General Secretary C H Venkatachalam told PTI that employees under the banner of All India Bank Employees" Association (AIBEA) and All India Bank Officers" Association (AIBOA) are on a one-day strike. Venkatachalam said there should be no consolidation in the public sector banks in the name of creating global size bank. Many public and private sector banks have already informed customers that the normal functioning at bank"s branches may get affected in view of the strike call. PSU banks control about 70 per cent of the banking operations in the country.

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