Bank Unions call for nationwide strike; SBI to remain unaffected

Several Public Sector Unit (PSU) banks including Bank of Baroda, Bank of Maharashtra, Oriental Bank of Commerce and Syndicate Bank have warned of disruption in banking operations throughout the day

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The employees of two bank unions have called for a nationwide strike on Tuesday to protest against the government's bank merger plan. The strike has been called by All India Bank Employees Association (AIBEA) and Bank Employees Federation of India (BEFI).

However, the nationwide shut down will have minimal effect on State Bank of India (SBI) given that a few of its employees are associated with AIBEA and BEFI. Along with this, the private sector banks will also not join the strike. 

Several Public Sector Unit (PSU) banks including Bank of Baroda, Bank of Maharashtra, Oriental Bank of Commerce and Syndicate Bank have warned of disruption in banking operations throughout the day. 

The strike has been called to oppose the merger of 10 PSU banks. It is being proposed that these PSU banks will be merged into four stronger units. The government intends to merge United Bank of India and Oriental Bank of Commerce with Punjab National Bank. 

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Moreover, Syndicate Bank is to be merged with Canara Bank and Allahabad Bank with Indian Bank followed by Andhra Bank and Cooperation Bank’s merger with the Union Bank of India.

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