New Delhi, May 20: Banking operations throughout the country are expected to be paralysed tomorrow in view of the one-day strike call given by major trade unions. As many as five of the nine banking unions will be joining the agitation against government's economic policies.
While Congress supported Indian National Bank officers Congress and Indian National Bank Employees Congress, as well as the Bhartiya Majdoor Sangh (BMS) supported National Organisation of Bank Officers (NOBO) and National Organisation of Bank Workers (NOBW) will not participate in the strike, the other unions will join the agitation.
Major bank unions such as the All India Bank Officers Confederation (AIBOC) representing 2,50,000 officers, the Bank Employees Federation of India, the National Confederation of Bank Employees (NCBE) and the All India Bank Employees Association (AIBEA) will join the strike, according to bank union officials.

The deputy general secretary of the All India Bank Officers Congress T N Goel said that the strike was against the new economic policies of the government including privatisation and disinvestment.

"The new labour laws and reforms initiated by the government has led to joblessness in the country,” he said adding that clearing operations to the tune of Rs 70,000 to Rs 80,000 crore will be affected on the day of the strike.
Goel said that the banks fully supported the fight against moves to privatise pension funds.

Bureau Report