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Reconsider strike plan, PSU banks tell unions

State-run lenders - from SBI to Canara Bank, PNB and Punjab & Sin... Read More
NEW DELHI: State-run lenders - from SBI to Canara Bank, PNB and Punjab & Sind Bank - are urging employee unions to reconsider their plan for a two-day strike, and invited them for further discussions.

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Bank unions have announced their decision to go on a strike on December 16 and 17 (Thursday and Friday) to protest against the government's move to privatise two public sector lenders and IDBI Bank, where the Centre is a large shareholder along with

LIC

.

Invoking interests of customers, investors and the bank, SBI asked its employees to reconsider plans to go on a strike. "Furthermore, considering the

ongoing pandemic situation

, resorting to a strike will cause great inconvenience to the stakeholders," the country's largest lender said.

Central Bank of India said that staff members should channelise maximum efforts towards improving the overall growth and help meet the targets. "This quarter ending December 2021 is crucial for our bank growth and sincere efforts are to be made by all centralities to come out of this alarming situation and exit PCA (prompt corrective action) at the earliest," it said in a letter to both employees and officer union.

Bank of India said that bank managements and the Indian Banks' Association are reaching out to the United Forum of Bank Unions to address their demands and concerns and reach an amicable solution.

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