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While officers of State Bank of Indian and its seven associate banks have threatened a stir tomorrow, employees of other PSU banks have called for an agitation on August 20.
"As many as 80,000 officers of SBI and its associate banks will strike work in 15,000 branches tomorrow to protest the merger of SBI and State Bank of Saurashtra," All-India State Bank Officers Federation President T N Goel said.
He said 60 per cent of the staff in SBI and associate banks is in the officers rank.
He claimed that the work in these banks will be paralysed on Monday as bank branches will not be opened with officers going on strike.
Recently, the Union Cabinet had cleared the merger of SBI with State Bank of Saurashtra.
In a filing on the Bombay Stock Exchange last week, SBI had said the Finance Ministry has approved the merger of State Bank of Saurashtra with itself.
The merger would be effective from the "date as may be notified by the Government of India in the official Gazette", the filing added.
Another strike on August 20 is called by the All-India Bank Employees' Association. An officers association in the banking industry and an employee association of the Reserve Bank are expected to join the Association.
However, SBI workers would not join that strike and would offer fraternal support to the stir, Goel said.
Indian Bank, Central Bank of India and Corporation Bank had last week informed the BSE that some of their employees may join the strike if it materialises.
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Merger of State bank of Saurashtra with SBI was a prudent and welcome step which will be beneficial to State Bank of Saurashrta employees as well.It is better if all banks of SBI group are merged with the parent bank i.e SBI.This will go a long way in creating a bigger and stronger bank.Economies of scale,better value creation for stake holders,increased capacity on the part of the bank on merger to pay more slaries and extend better benefits to staff,increased capacity to access equity from the market as and when needed,cost cutting through avoiding duplications particularly in monitoring,sanctioning and supervisory level infrastructure etc are the advantages of such mergers.CBOP and HDFC Bank recently availed a merger opportunity.Like wise other banks particularlybanks in SBI group must avail such opportunities.Bank unions may instead focus on their major concerns such as one more option for pension for all staff who were in service as on the adte of last option in 1996,welfare measures for staff etc.
The ruling class is now to 'plunder' the hard earned deposits of common man with PSU Banks
hello sirmay i know about the chances of the strike to be gone off on the 18th of august.thank you
TOI has the same news article as the one here. http://timesofindia.indiatimes.com/Business/Banks_strike_against_SBI-SBS_merger/articleshow/3373632.cms