Bank strike today: Several bank branches, ATMs could be shut as unions protest against mergers - News Summed Up

Bank strike today: Several bank branches, ATMs could be shut as unions protest against mergers


Bank of Baroda, Bank of Maharashtra, Syndicate Bank and Oriental Bank of Commerce have already declared that their operations could be paralysed due to the bank strike. Besides several central trade unions, the All India Bank Officers' Association (AIBOA) has also extended support to the strike. Supporting the strike call, the All India Trade Union Congress (AITUC) described bank mergers as ‘ill-timed and ill-motivated’. Syndicate Bank is to be merged with Canara Bank, while Allahabad Bank will be merged with Indian Bank. Andhra Bank and Corporation Bank will amalgamate with the Union Bank of India.


Source: Mint October 22, 2019 00:56 UTC



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