Banking services in the country likely to be affected on January 8 and 9

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Banking services in the country are likely to be hit on January 8 and 9, given that two important bank unions have also decided to join the strike that was called for on the specified dates by 10 central trade unions.  

Banking-Services
Banking services in India are expected to be hit on January 8 and 9 due to the strike that has been called against the anti-worker policy of the government.

The two unions, namely the Bank Employees Federation of India (BEFI) and the All India Bank Employees Association (AIBEA), have notified the Indian Banks’ Association of the nationwide strike on January 8 and 9.  

Mr. Vishwas Tyagi, who serves as the association secretary of the All India Bank Employees Association, said that around 25 crore individuals are expected to participate in the nationwide strike. He added that around 6 lakh individuals from the banking sector are expected to join the strike. He also mentioned that other bank unions who are not taking part in the strike have expressed their support.  

The upcoming strike, however, is not expected to cause as much disruption to the banking industry as the earlier strike on December 26 against the merger of Dena Bank, Vijaya Bank, and Bank of Baroda.  

Meanwhile, Bank of Baroda, IDBI Bank, Karur Vysya Bank, and Allahabad Bank have informed the Bombay Stock Exchange that their banking services will most likely be impacted if the two-day strike takes place. Allahabad Bank said it is taking the required steps to ensure that its branches function smoothly if the strike does happen.  

Sources: The Times of India, The Economic Times 

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